If you’re starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of applying for the business credit card could be daunting and confusing. Here are some things to be aware of before obtaining a credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups establish their credit histories. The applicants don’t have to pay interest or require a personal guarantee. Instead, applicants are rated by company business model and spending patterns.
Credit limits of up 100 percent are available to applicants. The limit is by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using a Brex Corporate credit card. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget management tool. It comes with a myriad of benefits, including a fixed 1.5 percent cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements other than a good credit rating.
A low-interest business credit line is a great option for startups. You may also think about a business credit card which offers additional security.
Business credit cards with low interest are very convenient because you don’t have the worry of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It has many advantages, such as a huge reward for signing up and purchase protection as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions to be found, and the spending cap could be too low for your business. Furthermore, it’s not the most generous points-earning feature.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance in addition to primary car rental insurance, and a shopping protection. As a small-scale company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you’ll earn 3 points for every dollar you spend. For instance, if add $500 worth of purchases to your credit card during the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divide
If you’re a start-up business owner in search of an enterprise credit card, you may want to consider Divvy. This card has a variety of benefits and features. You can also monitor your business expenses with this card.
Divvy is compatible with any external accounting software to allow users to monitor their financial expenses. You can create budget, set limits on spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards review your company finances and allow you to determine how much you can spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest on business loans. They also offer rewards. For instance, a Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling and some can be used to help increase your business’s credit.
Aside from the best business credit cards offered by Chase and other credit card issuers that are available to. You should also think about how you will use the credit card. It is crucial to choose a business credit card that suits your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards on various purchase categories as well as protects employees’ mobile phone bills.