For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit difficult and confusing to apply for an enterprise credit card. Here are some tips to learn about getting the credit card you need.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit score. It doesn’t charge interest and don’t need to provide a personal guarantee. Instead, applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up to 100 percent are permissible for applicants. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use the Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spend management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. The card does not have annual charges and doesn’t need any other conditions other than a good credit rating.
For businesses that are just starting out, the benefits of using a low-interest business credit card can be extremely appealing. A business credit card that offers additional security could be a good option.
One of the primary advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards designed for start-up businesses. It offers a variety of benefits, like a high sign-up bonus, purchase protection, and travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions available, and the spending limit may be too low for your company. Furthermore, it’s not the most generous point-earning system.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. As a small-scale business owner, you’ll definitely benefit from these perks.
Additionally, the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you’ll earn 3 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.
Divide
The Divvy card is a great choice for business owners in the beginning looking for business cards. This card offers a variety of advantages and features. You can also monitor your business expenses with this card.
Divvy integrates with other accounting software, allowing users to quickly view financial expenses. You can create budgets, set the limits on spending and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. The cards analyze your company’s finances and determine how much you should spend each month. As opposed to traditional business credit card, Divvy doesn’t require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to be aware of the company’s rates before submitting an application.
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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. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and traveling and others are able to help build your credit score.
Apart from the top business credit cards offered by Chase There are other credit card issuers that you can turn to. But, you must consider the way you intend to utilize a specific credit card. It is crucial to choose an enterprise credit card that will meet your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a great option. The card gives you solid rewards on various purchase categories as well as covers cell phone bills.