For those that are starting a business, 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 confusing and overwhelming to apply for a business credit card. Here are some things you should know about the process of applying for credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. It doesn’t charge interest and don’t have to provide personal guarantees. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are allowed for applicants. The limit is determined based on the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards by using the Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. Additionally, you can earn 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. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. The card doesn’t have annual charges and doesn’t need any other conditions other than having a credit score of at least.
For businesses that are just starting out, the benefits of using a business credit card with low interest can be extremely appealing. A business credit card that comes with added security may be a viable option.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple cards or worrying about how much money you can afford 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 for new companies. It comes with a variety of advantages, including a large reward for signing up as well as purchase protection along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR promotions to be found, and the spending cap may be too low for your company. Furthermore, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, on the other hand, offers many other useful features like liability insurance, primary car rental coverage, shopping protection, and primary coverage for rental cars. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this example for example, if you spend $500 on purchases with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
The Divvy card is a great choice for business owners in the beginning seeking a business card. This kind of card comes with various advantages and features. It also allows you to track your business expenses.
Divvy can be used with accounting software, and allows users to view their the financial expenses. The program lets you create a budget, restrict spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business finances and allow you to decide what amount of money you’ll need to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important 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 get the highest interest rates for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Some cards offer rewards for travel and shopping, while others are able to help build your credit score.
There are a myriad of credit card issuers you could choose from, including Chase. However, you should consider the ways you will utilize a specific credit card. It is important to select a business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card is a great way to earn rewards on a variety of purchase categories and also protects employees’ mobile phone bills.