For those that are starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although there is a yes answer but it can be daunting and confusing to apply for a business credit card. Here are some tips to be aware of when applying for the credit card you need.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. It doesn’t charge interest and don’t have to offer personal guarantees. Instead, applicants are evaluated based on their company’s financial model and spending habits.
The applicants can enjoy up to a 100 percent credit limit. The limit is determined by the amount of cash in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget management tool. The card offers a slew of benefits including a standard 1.5 percent cash-back rate on all purchases. The card is free of annual charges and doesn’t need any other conditions other than a good credit rating.
A low-interest business credit line is a great choice for new businesses. A business credit card that offers additional protection may be an option.
One of the most important advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay each month. This is especially relevant if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It provides many benefits, including a substantial sign-up bonus as well as purchase protection and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions to be found and the spending limit may be too low for your business. Moreover, it’s not the most generous point-earning system.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental, and a shopping protection. These perks are great for small-scale business owners.
Moreover that, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this case, if you spend $500 on purchases on your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy
If you’re a business owner in search of a business credit card you might want to think about Divvy. This type of card comes with many advantages and features. It also allows you to monitor your business expenses.
Divvy can be integrated with any accounting software that allows users to look at their financial expenses. The software lets you create a budget, limit spending, and request funds. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card. These cards look at your company’s finances and determine how much you’ll have to spend each month. Contrary to traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive interest rates for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling, and others can be used to help improve your company’s credit score.
There are a variety of credit card issuers that you can choose from, including Chase. It is important to consider the way you intend to use the credit card. It is vital to choose the appropriate corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card gives you solid rewards on various purchase categories and also will pay for employees’ cell phone bills.