If you’re thinking about starting your own business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes however, the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some things you need to know about the process of getting a credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups establish their credit histories. The applicants don’t have to pay interest or require an individual guarantee. Instead applicants are evaluated on their company’s business model and their spending habits.
Credit limits as high as 100 percent are available to applicants. The limit is determined by the amount the 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 with the Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can 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 offers a wide range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have any other requirements, aside from an excellent credit score.
A low-interest business credit line is a great choice for businesses that are just starting out. You may also consider a business credit card with additional protection.
A low-interest business credit cards are very convenient because you don’t have to worry of managing multiple credit cards or worrying about the amount of you can manage 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 popular business credit cards designed for entrepreneurs. It offers a range of benefits, like a high sign-up bonus, purchase protection, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promos and the spending limit might not be suitable for your business. It’s not the most efficient points-earning feature.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features such as liability coverage primary coverage for car rentals shopping protection, and primary coverage for car rental. These benefits are perfect for small-scale business owners.
Additionally, the Ink Business Preferred Card is a great method to earn points. When you spend money in certain categories, you can earn three points per dollar you spend. In this instance when you spend $500 on purchases on your card within the first three months, you will receive a 100,000 point welcome bonus.
Divide
If you’re a startup business owner looking for a business credit card you might want think about Divvy. This card has a variety of benefits and features. You can also monitor your business expenses with this card.
Divvy can be used with accounting software, and allows users to quickly view financial expenses. The software allows you to create a budget, limit spending and even request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards assess your company’s finances and determine the amount you can spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the most favorable interest rates on business loans. They are also able to provide useful rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Certain cards provide rewards for shopping and travel as well as others that can be used to improve your credit score.
There are many credit card issuers that you can choose from, such as Chase. However, you must think about how you will use a particular credit card. It is important to find the best business credit card that suits your needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card provides solid rewards on various purchase categories as well as will pay for employees’ cell phone bills.