For those that are starting a business, 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 getting an official business credit card can be a bit overwhelming and confusing. Here are some points you should be aware of about the process of getting a credit card.
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Brex offers a variety of financial services , including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t have to pay interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated on their company’s financial model and spending habits.
Applicants can have up to 100 percent credit. The limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using the Brex Corporate credit card. Brex Travel offers four points when you book 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 also be used as an expense management tool. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees, and the card doesn’t have other requirements other than an excellent credit score.
A low-interest business credit line is a great choice for those who are just starting out. A business credit card that offers added security may be an option.
One of the primary advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay off each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers many advantages, such as a huge reward for signing up and purchase protection along with travel perks. However, it does have some disadvantages.
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. In addition, it’s not exactly the most generous points-earning option.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance and primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These perks are great for small-scale business owners.
Furthermore to 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. In this instance for example, if you spend $500 on purchases with your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy is a good option for startup business owners looking for a business card. The card comes with a range of benefits and features. You can also keep track of your business expenses using this card.
The Divvy app can be used alongside any other accounting software to allow users to monitor their financial expenses. The software allows you to make a budget, limit spending and even request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s finances and determine how much you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the highest interest rates for business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Certain cards provide rewards for shopping and travel and others can be used to improve your credit score.
Apart from the top business credit cards from Chase but there are many other credit card issuers are available to. It is important to consider the method of use for the credit card. It is crucial to choose the best business credit card that suits your particular needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent choice. The card gives you solid rewards on different categories of purchases as well as covers employees’ cell phone bills.