For those who are just beginning a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of applying for a business credit card can be daunting and confusing. Here are some things you need to know about the process of getting an credit card.
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Brex provides a range of financial services , including corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. It doesn’t charge interest and don’t have to offer a personal guarantee. Instead applicants are evaluated on their financial model and spending habits.
The applicants can enjoy up to 100 percent credit limit. The limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spending management tool. The card comes with a host of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements except for having a high credit score.
A low-interest business credit line is a great choice for startups. A business credit card that offers added security may be a good option.
One of the key features 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’ll have to pay off each month. This is especially true if you’re looking to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It has many benefits, including a substantial sign-up bonus and purchase protection as well as travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions available, and the spending limit could be too low for your company. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, such as liability coverage and primary car rental coverage shopping protection, as well as primary coverage for car rental. As a small-scale company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend money in certain categories, you can earn 3 points for every dollar you spend. For example, if you spend $500 on purchases made with your card in the first three months, you will receive a 100,000 point welcome bonus.
Divvy is a good option for business owners in the beginning looking for a business card. This card offers a variety of benefits and features. It also allows you to monitor your business expenses.
The Divvy app can be used with any accounting software to allow users to see their financial expenses. The software lets you set a budget, limit spending and even request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s financial situation and decide on how much you’ll need to spend each month. In contrast to traditional business credit cards, Divvy does NOT require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Some cards offer rewards for shopping and travel, while others can be used to boost your 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 how you will use the credit card. It is vital to choose the appropriate business credit card to meet your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card provides solid rewards on various purchase categories as well as protects employees’ mobile phone bills.