If you’re thinking of starting your own business, the first important question to ask is “Can I get my business credit card?” The answer is yes however the process of applying for an enterprise credit card can be daunting and confusing. Here are some things you need to learn about getting the credit card you need.
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Brex provides a variety of financial services, such as 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 helps start-ups build credit histories. The applicants don’t have to pay interest or need to provide a personal guarantee. Instead the applicants are evaluated based on their company’s business model and their spending habits.
Credit limits of up 100 percent are permitted for applicants. The limit is determined based on the amount of money that is in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn rewards when you use a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. You can also earn 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 offers a variety of advantages, including a fixed 1.5% cashback rate on all purchases. The card is free of annual fees and doesn’t require any other qualifications other than a good credit rating.
If you are a new business benefiting from a business credit card with low interest are a great deal. You might also consider a business credit card which offers additional security.
One of the main benefits of a business low-interest credit card is that you don’t have to worry about managing multiple cards or worrying about the amount you can afford to pay off every 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 most well-known business credit cards designed for entrepreneurs. It comes with a variety of benefits, including a substantial sign up bonus and purchase protection and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions available, and the spending cap may be too low for your company. It’s not the most efficient point-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage as well as a shopping security. These perks are perfect for small business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if charge $500 on purchases to your credit card during the first three months, you’ll receive an offer of 100,000 points.
The Divvy is a great option for business owners in the beginning looking for business cards. This type of card comes with numerous benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any external accounting software that allows users to view their financial expenses. The program lets you make a budget, limit spending, and request funds. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and determine the amount you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and are also able to provide useful rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash or cash back. Certain cards provide rewards for purchases and travel and others are able to help build your credit score.
There are many credit card issuers you could choose from, such as Chase. However, you must think about the way you intend to utilize a specific credit card. It is important to select an enterprise credit card that suits your specific requirements.
Small business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card offers solid rewards for various categories of purchases and even protects employees’ mobile phone bills.