If you’re thinking about starting your own business, the first important question is “Can I get my business credit card?” The answer is yes however the process of obtaining a business credit card can be overwhelming and confusing. Here are some things you need to be aware of before obtaining credit card.
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Brex offers a variety of financial services , including corporate credit cards, spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit history. The applicants don’t have to pay interest and don’t have to provide personal guarantees. Instead, applicants are evaluated on their company’s budget and business model.
Credit limits of up 100 percent are available to applicants. The limit is by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards using a Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management tool. It comes with a myriad of benefits, including a flat 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 business credit card with a low-interest rate is a great option for new businesses. You might also think about a business credit card that provides additional security.
One of the most important advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you can afford to pay off each month. This is especially relevant if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It comes with a variety of benefits, including a high initial bonus as well as purchase protection along with travel perks. However, it also has some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions and the spending limit may not be appropriate for your business. It’s not the most efficient points-earning strategy.
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On the other side the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping insurance. As a small-scale business owner, you’ll definitely get these benefits.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. When you spend in certain categories, you can earn 3 points per dollar you spend. For instance, if make a purchase of $500 to your credit card within the first three months, you’ll get a welcome bonus of 100,000 points.
Divvy is an excellent choice for business owners who are just starting out seeking an business card. This card comes with a wide range of benefits and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software that allows users to easily view the financial expenses. The program lets you create a budget, limit spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your company’s finances and determine the amount you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash back. Some cards offer rewards for shopping and travelling, and others can be used to build your business’s credit.
In addition to the top business credit cards from Chase, there are other credit card issuers that you can choose from. However, you should consider how you will use a particular credit card. It is vital to select the correct corporate credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card gives you solid rewards for various categories of purchases, and it even covers employees’ cell phone bills.