If you are thinking of starting your own business, the first important question you should ask yourself is “Can I get my business credit card?” Although there is a yes answer but it can be challenging and overwhelming to apply for an enterprise credit card. Here are some tips to be aware of the process of applying for an credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive 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. It doesn’t charge interest or provide personal guarantees. Instead, applicants are assessed by the business model of the company and spending patterns.
The applicants can enjoy up to a 100 percent credit limit. The limit is determined by the amount of money customers have in their 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 significant rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spending management tool. The card provides a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual fees and the card does not have other requirements, aside from a good credit score.
For businesses that are just starting out one of the advantages of using a business credit card that is low-interest could be very appealing. A business credit line with additional security might be an option.
One of the key advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay off every month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It comes with a range of benefits, including an excellent sign-up bonus purchase security, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR deals and the spend limit might not be suitable for your company. It’s also not the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, including liability coverage primary car rental coverage, shopping protection, and primary coverage for car rentals. As a small business owner, you’ll surely enjoy these benefits.
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. For example, if you charge $500 on purchases to your credit card within the first three months, you’ll get an initial bonus of 100,000 points.
If you’re a business owner in search of an enterprise credit card you might want think about Divvy. This type of credit card provides a range of advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software, and allows users to easily monitor financial expenses. You can then create budgets, set the limits on spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’s finances and determine the amount you’ll need to spend each 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 essential to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure best rates of interest on business loans. They can also offer useful rewards. For example the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling and some can be used to help build your business’s credit.
Aside from the best business credit cards from Chase but there are many other credit card issuers that you can choose from. However, you should consider the way you intend to make use of a particular credit card. It is crucial to choose an enterprise credit card that will meet your specific requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. This card offers solid rewards on a variety of purchase categories and also covers cell phone bills.