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 the answer is yes, it can be confusing and overwhelming to apply for an enterprise credit card. Here are some things you need to be aware of before obtaining an credit card.
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Brex provides a range of financial products, including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. Applicants don’t pay interest or provide a personal guarantee. Instead applicants are evaluated on their financial model and spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is based on the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. You can also receive three points on 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 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 have other requirements, aside from having a credit score of at least.
For a startup business, the benefits of using a business credit card that is low-interest are a great deal. A business credit card that offers additional security could be a good option.
Business credit cards with low interest are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about the amount of money you can afford each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It provides a wide range of benefits, such as the highest sign-up bonus, purchase protection, as well as travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions available, and the spending limit may be too low for your business. It’s not the most efficient points-earning strategy.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance as well as primary coverage for car rental, and a shopping protection. If you’re a small business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this case the case of spending $500 on purchases with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
If you’re a start-up business owner looking for an enterprise credit card you might want consider Divvy. The card comes with a range of benefits and features. It also lets you keep track of your business expenses.
Divvy can be used alongside any other accounting software to allow users to monitor their financial expenses. The program lets you make a budget, limit spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and determine how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide a way to secure the highest interest rates for business loans, and can also offer useful rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travelling and some can be used to improve your company’s credit score.
Aside from the best business credit cards from Chase There are other credit card issuers that you can choose from. But, you must consider the way you intend to utilize a specific credit card. It is important that you find the right business credit card for 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 various purchase categories and even covers employees’ cell phone bills.