If you are thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” While the answer is yes it can be difficult and confusing to apply for a business credit card. Here are some tips to know about how to get the credit card you need.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish their credit history. The applicants don’t pay interest or have to provide an individual guarantee. Instead applicants are evaluated on their company’s budget and business model.
Credit limits of up to 100 percent are allowed for applicants. This 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 significant rewards when you use the Brex Corporate credit card. For instance, you could earn four points on trips booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. The card offers a variety of benefits, including a standard 1.5 percent cashback on all purchases. There are no annual charges, and the card does not have other requirements except for a good credit score.
For a startup business one of the advantages of using the low-interest business credit cards are a great deal. A business credit card that offers added security may be an option.
One of the main advantages of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It comes with a range of advantages, including an impressive sign-up bonus, purchase protection, and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions to be found, and the spending limit may be too low for your business. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features such as liability coverage, primary car rental coverage shopping protection, and primary coverage for car rentals. These perks are great for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example, if you charge $500 in purchases to your credit card within the first three months, you’ll receive a welcome bonus of 100,000 points.
Divide
Divvy is a good option for business owners who are just starting out seeking an business card. This card offers a variety of benefits and features. You can also track your business expenses with this card.
Divvy can be used with accounting software, allowing users to easily view financial expenses. The software lets you set a budget, limit spending and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business’s finances and decide how much you’ll have to spend each month. Contrary to traditional business credit cards, Divvy does not require personal guarantees.
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 can be used to secure most favorable rates of interest for business loans and provide valuable rewards. For example, a Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and travel as well as other cards that can be used to improve your company’s credit score.
There are numerous credit card issuers you could choose from, including Chase. But, you must consider the manner in which you use a particular credit card. It is essential to locate the right business credit card that meets your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a great option. This card offers solid rewards for various purchase categories and even will pay for employees’ mobile phone costs.