For those who are just beginning the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of applying for the business credit card could be daunting and confusing. Here are a few things to be aware of before obtaining the credit card you need.
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Brex provides a range of financial products, including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The applicants don’t have to pay interest and don’t need to offer an individual guarantee. Instead the applicants are evaluated based on their company’s business model and spending habits.
Customers can get up to 100 percent credit limit. The limit is determined by the amount of money that a customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards by using the Brex Corporate credit card. For instance, you’ll earn four points when you travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management system. It comes with a myriad of benefits, including a flat 1.5 percent cash-back rate on all purchases. The card has no annual fees and doesn’t require any other requirements than having a high credit score.
A business credit card with a low-interest rate is a great option for new businesses. You may also look into a credit card for business with additional protection.
One of the primary 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 be able to pay off every month. This is particularly true if 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 designed for start-up businesses. It offers many advantages, such as a huge reward for signing up along with purchase protection, along with travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR promotions and the spending limit may not be appropriate for your business. It’s also not the best point-earning option.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance, and a shopping protection. As a small-scale business owner, you’ll definitely benefit from these benefits.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you can earn 3 points per dollar you spend. For example, if you add $500 worth of purchases to your card during the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
Divvy is a good option for business owners who are just starting out seeking a business card. This type of card comes with many benefits and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software, and allows users to view their financial expenses. You can then create budget, set limits, and request money. You can also set an amount of money you can spend for your employees.
Divvy also has a corporate card. These cards analyze your business’ finances and help you decide how much money you’ll need to invest each month. Unlike traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable interest rates for business loans, and also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travelling while others can be used to help to build credit for your business.
In addition to the top business credit cards offered by Chase, there are other credit card issuers that you can turn to. It is important to consider the way you intend to use the credit card. It is crucial to find the right business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards on a variety of purchase categories, and it even will pay for employees’ cell phone bills.