For those that are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes but the process of getting a business credit card can be overwhelming and confusing. Here are some tips to be aware of the process of applying for a credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. Applicants don’t pay interest or offer an individual guarantee. Instead, applicants are assessed on the basis of their business model and spending habits.
The applicants can enjoy up to 100 percent credit. This limit is based on the amount of cash 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 with a Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management tool. The card offers a variety of advantages, including a fixed 1.5% cashback rate on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than an excellent credit score.
For a startup business it is possible to reap the benefits of a business credit card that is low-interest are a great deal. A business credit card that comes with additional security might be a good option.
One of the most important benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about how much you can afford to pay each month. This is especially applicable if you’re planning to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers a range of advantages, including an impressive sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions to be found and the spending limit may be too low for your company. This isn’t the most efficient points-earning program.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage as well as a shopping security. These benefits are ideal for small business owners.
Furthermore to that, the Ink Business Preferred Card is a great way to earn points. When you spend in specific categories, you can earn 3 points per dollar you spend. For example, if you charge $500 on purchases to your card in the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
Divide
The Divvy card is a great choice for startup business owners seeking an business card. This card has a variety of advantages and features. You can also track your business expenses with this card.
Divvy is compatible with any accounting software that allows users to view their financial expenses. The program lets you create a budget, restrict spending and request money. Divvy also allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company finances and assist you to decide how much money you should spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest on business loans, and also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and travel and others can be used to build your credit score.
There are a variety of credit card issuers you can choose from, including Chase. However, you should consider the way you intend to utilize a specific credit card. It is vital to choose the appropriate business credit card that meets your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card gives you solid rewards on different categories of purchases and also will pay for employees’ cell phone bills.