For those who are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes but the process of applying for an official business credit card can be daunting and confusing. Here are some things you need to know about the process of getting an credit card.
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Brex provides a broad 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, also referred to as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. It doesn’t charge interest and don’t need to offer an individual guarantee. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up to 100 percent are available to applicants. This limit is by the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn valuable rewards using a Brex Corporate credit card. Brex Travel offers four points to book 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 spending management tool. It comes with a myriad of benefits including a flat 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other qualifications other than a good credit rating.
A business credit card with a low-interest rate is a great option for those who are just starting out. A business credit card with additional security could be an option.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll have to pay each month. This is especially applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It offers many benefits, including a high sign-up bonus along with purchase protection, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions and the spending limit may not be appropriate for your business. It’s not the most efficient point-earning option.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance and primary car rental coverage and a shopping protection. As a small business owner, you’ll definitely benefit from these perks.
Additionally to that, the Ink Business Preferred Card is an excellent opportunity to earn points. If you make purchases in certain categories, you’ll earn three points for every dollar you spend. For example, if you add $500 worth of purchases to your credit card during the first three months, you’ll get an offer of 100,000 points.
Divvy is an excellent choice for business owners who are just starting out looking for an enterprise card. This type of credit card provides numerous advantages and features. You can also keep track of your business expenses by using this card.
Divvy integrates with other accounting software, allowing users to view their financial expenses. You can create budget, set limits, and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and decide how much you’ll need to spend each month. Unlike traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest interest rates for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Some cards offer rewards for shopping and travel and others can be used to build your credit score.
There are a myriad of credit card issuers you can select from, including Chase. However, you must think about the way you intend to make use of a specific credit card. It is vital to select the correct business credit card to meet your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card is a good option for earning rewards for various categories of purchases and even covers employees’ mobile phone bills.