For those that are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer, it can be confusing and overwhelming to apply for an enterprise credit card. Here are some things to be aware of before obtaining a credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards and spend management as well as expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups build their credit history. The applicants don’t have to pay interest and don’t need to offer an individual guarantee. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount of money that a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards by using the Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card offers a variety of benefits, including a simple 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t require any other requirements than a good credit rating.
A low-interest business credit line is a great choice for those who are just starting out. You may also consider a business credit card that offers additional protection.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple cards or worrying about the amount of you can manage each month. This is especially true if 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 designed for entrepreneurs. It offers a variety of advantages, including an excellent sign-up bonus purchase security, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promos and the spending limit may not be appropriate for your company. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage, primary car rental coverage, shopping protection, and primary coverage for car rentals. If you’re a small company owner, you’ll certainly get these benefits.
Moreover that, the Ink Business Preferred Card is a great way to earn points. When you spend in certain categories, you’ll earn three points for every dollar you spend. For example, if you charge $500 in purchases to your card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
If you’re a startup business owner in search of an enterprise credit card you might want look into Divvy. This card comes with a wide range of advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software that allows users to easily view financial expenses. The program lets you set a budget, limit spending, and request funds. You can also set an amount of money you can spend for your employees.
Divvy also has a corporate card. These cards review your company’ finances and help you decide how much money you’ll need to spend every month. Unlike traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be the opportunity to get the best interest rates on business loans, and they are also able to provide useful rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travel and some can be used to build your business’s credit.
There are numerous credit card issuers you can pick from, including Chase. It is important to consider the way you intend to use the credit card. It is important to select an enterprise credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card provides solid rewards on various purchase categories and even covers employees’ cell phone bills.