For those who are just beginning the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit difficult and confusing to apply for a business credit card. Here are a few things to know about how to get an credit card.
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Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit history. It doesn’t charge interest and don’t need to provide personal guarantees. Instead the applicants are evaluated based on their business model and spending habits.
Credit limits up to 100 percent are permitted for applicants. The limit is determined by the amount of money 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 substantial rewards on purchases. Brex Travel offers four points to book travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card comes with a host of benefits, including a flat 1.5 percent cash-back rate on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than a good credit rating.
If you are a new business, the benefits of using a business credit card that is low-interest are a great deal. It is also possible to consider a business credit card that offers additional protection.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is particularly applicable if you’re planning 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 companies. It provides many advantages, such as a huge initial bonus and purchase protection as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR promos and the spending limit may not be appropriate for your business. It’s also not the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance in addition to primary car rental insurance, and a shopping protection. These perks are perfect for small business owners.
Moreover it is worth noting that the Ink Business Preferred Card is a great method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this case when you spend $500 on purchases to your card in the first three months, you’ll get a 100,000 point welcome bonus.
If you’re a business owner looking for an account for business credit you might want look into Divvy. This kind of card comes with numerous advantages and features. It also allows you to track your business expenses.
Divvy is compatible with external accounting software, allowing users to easily view the financial expenses. You can create budget, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business’s finances and decide how much you can spend each month. In contrast to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and they can also offer valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling as well as others that can be used to improve your credit score.
There are a variety of credit card issuers to choose from, including Chase. But, you must consider how you will make use of a particular credit card. It is crucial to choose a business credit card that is suitable for your specific requirements.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card a great option. This card offers solid rewards for various categories of purchases and even protects employees’ mobile phone bills.