For those who are just beginning a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer but it can be confusing and overwhelming to apply for a business credit card. Here are a few things to be aware of before obtaining an credit card.
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Brex provides a broad range of financial services, including corporate credit cards as well as spend management and expense management software. It provides an all-in-one 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. Applicants don’t pay interest or have to provide an individual guarantee. Instead, applicants are evaluated by the business model of the company and spending habits.
Applicants can have up to 100 percent credit. This limit is determined by the amount of cash in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
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.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management solution. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card is free of annual charges and doesn’t need any other conditions other than an excellent credit score.
If you are a new business benefiting from a business credit card with low interest could be very appealing. A business credit line with additional security might be a possibility.
A low-interest business credit cards are very convenient because you don’t have to worry of managing multiple cards or worrying about how much you can manage each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It comes with a variety of advantages, such as a huge initial bonus, purchase protection, as well as travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions to be found, and the spending limit could be too low for your business. Moreover, it’s not the most generous point-earning system.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, such as liability insurance and primary car rental coverage and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example for example, if you spend $500 on purchases to your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy is a good option for business owners who are just starting out looking for an enterprise card. The card comes with a range of benefits and features. It also lets you track your business expenses.
Divvy is compatible with external accounting software that allows users to easily view the financial expenses. You can then create budget, set limits, and request funds. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also has a corporate card. These cards analyze your business financial situation and help you decide what amount of money you’ll need to invest every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the most favorable interest rates on business loans, and are also able to provide useful rewards. For example the Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Some cards offer rewards for travel and shopping as well as others that can be used to build your credit score.
There are a myriad of credit card issuers that you can choose from, such as Chase. However, you should think about the ways you will make use of a particular credit card. It is vital to find the right business credit card for your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card offers solid rewards across a variety of categories and even protects employees’ mobile phone expenses.