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 there is a yes answer, it can be challenging and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build credit histories. It doesn’t charge interest and don’t need to offer a personal guarantee. Rather, applicants are evaluated by the company’s business model and spending habits.
Credit limits up to 100 percent are available to applicants. This limit is determined by the amount of cash in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. You can also get 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 a budget management tool. The card offers a variety of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements except for having a high credit score.
A low-interest business credit line is a great choice for businesses that are just starting out. A business credit card that comes with additional security could be an option.
One of the main advantages of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about the amount you can afford to pay off every month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It has many benefits, including a high sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any initial APR promos and the spending limit may not be appropriate for your company. This isn’t the most efficient point-earning option.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features, such as liability coverage as well as primary car rental coverage shopping protection, and primary coverage for car rentals. If you’re a small business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you’ll earn three points per dollar you spend. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll get the welcome bonus of 100,000 points.
Divide
The Divvy is a great option for business owners who are just starting out seeking an business card. This type of credit card provides numerous benefits and features. You can also track your business expenses with this card.
Divvy is compatible with any external accounting software that allows users to look at their financial expenses. You can create budgets, set limits on spending and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also has a corporate card. These cards assess your company’s finances and determine how much you’ll need to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest on business loans. They also offer rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Some cards offer rewards for shopping and travel, and others can be used to to build credit for your business.
There are a variety of credit card issuers you can choose from, such as Chase. However, you should think about the manner in which you make use of a specific credit card. It is essential to select the correct corporate credit card for your needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card a great option. This card provides solid rewards on a variety of purchase categories and even covers cell phone bills.