For those who are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer, it can be confusing and overwhelming to apply for a business credit card. Here are a few tips to be aware of the process of applying for the credit card.
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Brex provides a range of financial services including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. It doesn’t charge interest and don’t need to provide an individual guarantee. Instead, applicants are evaluated on their financial model and spending habits.
Credit limits of up to 100 percent are available to applicants. This limit is determined by the amount of money in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you’ll earn four points when you travel booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card comes with a host of benefits including a standard 1.5 percent cash-back rate on all purchases. The card does not have annual fees and doesn’t require any other requirements other than having a high credit score.
A low-interest business credit card is a great choice for new businesses. A business credit line with additional security could be an option.
One of the primary features 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 every month. This is especially important if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It has many benefits, including a substantial initial bonus, purchase protection, along with travel perks. It has some downsides.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any 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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On the other side the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage and a shopping protection. As a small-scale company owner, you’ll certainly benefit from these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is a great way to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For instance, if you add $500 worth of purchases to your credit card during the first three months, you’ll be eligible for an offer of 100,000 points.
Divvy is a good option for entrepreneurs who are starting their business and seeking a business card. This type of card comes with many advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any external accounting software that allows users to see their financial expenses. You can create budget, set limits, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and determine how much you can spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for purchases and travel as well as others that can be used to improve your credit score.
There are a myriad of credit card issuers you can choose from, including Chase. You must also think about the method of use for the credit card. It is crucial to choose the best business credit card that suits your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card offers solid rewards for various purchase categories and even covers mobile phone bills.