If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes but it can be challenging and overwhelming to apply for an enterprise credit card. Here are some tips to know about how to get the credit card you need.
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Brex offers a wide variety 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 known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. It doesn’t charge interest and don’t have to offer an individual guarantee. Instead applicants are evaluated on their business model and their spending habits.
The applicants can enjoy up to 100 percent credit limit. The limit is by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using the Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management solution. It comes with a myriad of benefits, including a fixed 1.5% cash back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements aside from having a high credit score.
A low-interest business credit line is a great choice for those who are just starting out. A business credit card with added security may be an option.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It offers a variety of benefits, including an excellent sign-up bonus purchase protection, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR deals and the spend limit may not be appropriate for your company. In addition, it’s not exactly the most generous point-earning system.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage and a shopping protection. These benefits are perfect for small-scale business owners.
Additionally, the Ink Business Preferred Card is an excellent opportunity to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. In this instance, if you spend $500 on purchases with your card in the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a startup business owner looking for an enterprise credit card you might want consider Divvy. The card comes with a range of benefits and features. You can also monitor your business expenses with this card.
Divvy can be integrated alongside any other accounting software that allows users to see their financial expenses. You can create a budget, set maximum limits and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and determine the amount you can spend every month. In contrast to traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best interest rates for business loans and provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for shopping and traveling while others can be used to build your credit score.
Apart from the top business credit cards from Chase, there are other credit card issuers that you can turn to. However, you should consider the manner in which you utilize a specific credit card. It is crucial to choose a business credit card that is suitable for your specific requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card is a great way to earn rewards on various purchase categories, and it even covers employees’ cell phone bills.