For those who are starting the business of their own, 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 but it can be daunting and confusing to apply for an enterprise credit card. Here are a few points you should be aware of about the process of getting credit card.
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Brex offers a wide range of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t have to pay interest or need to provide a personal guarantee. Instead, applicants are rated by the company’s business model and spending patterns.
Credit limits up to 100 percent are available to applicants. This limit is determined by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management tool. The card offers a slew of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements, aside from a good credit score.
If you are a new business benefiting from a low-interest business credit card can be extremely appealing. It is also possible to look into a business credit card that offers additional protection.
One of the key features of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay every month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It offers a variety of benefits, like the highest sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found and the spending limit could be too low for your company. Furthermore, it’s not the most generous points-earning program.
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On the other side, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping insurance. As a small company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn three points for every dollar you spend. In this instance the case of spending $500 on purchases to your card within the first three months, you’ll receive a 100,000 point welcome bonus.
The Divvy is a great option for entrepreneurs who are starting their business and seeking an business card. This type of credit card provides various advantages and features. You can also track your business expenses with this card.
The Divvy app can be used with any external accounting software that allows users to see their financial expenses. You can then create budget, set limits, and request funds. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and decide how much you’ll have to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important 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 obtain the highest rates of interest for business loans. They also offer rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Some cards offer rewards for travel and shopping while others can be used to improve your company’s credit score.
Apart from the top business credit cards from Chase but there are many other credit card issuers that you can choose from. You should also consider what you intend to do with the credit card. It is vital to find the right business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card is a great way to earn rewards on various purchase categories and even protects employees’ mobile phone bills.