If you’re thinking of creating your own business, the first important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes, but the process of obtaining an official business credit card can be confusing and overwhelming. Here are some things you need to know about how to get an credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. It doesn’t charge interest or require a personal guarantee. Instead, applicants are evaluated based on their business model and their spending habits.
Credit limits as high as 100 percent are permitted for applicants. This limit is by the amount of money in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards by using the Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spending management tool. The card comes with a host of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t require other requirements except for a good credit score.
A business credit card with a low-interest rate is a great choice for startups. You may also want to consider a business credit card that offers additional protection.
A low-interest business credit card are very convenient because you don’t have the worry of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is particularly true if you 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 for new businesses. It provides many advantages, such as a huge sign up bonus as well as purchase protection and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions and the spending limit might not be suitable for your company. It’s also not the most effective point-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage, and a shopping protection. These benefits are ideal for small business owners.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. If you make purchases in certain categories, you can earn three points per dollar you spend. For example, if you charge $500 in purchases to your card in the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
Divvy is an excellent choice for business owners in the beginning seeking an business card. This card comes with a wide range of benefits and features. It also allows you to track your business expenses.
The Divvy app can be used with any accounting software to allow users to view their financial expenses. You can create budgets, set the limits, and request funds. It also lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’s financial situation and decide on how much you should spend each month. In contrast to traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards offer a way to secure the highest interest rates for business loans. They can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Some cards offer rewards for shopping and travelling while others can be used to build your business’s credit.
There are a variety of credit card issuers you can select from, including Chase. You must also think about what you intend to do with the credit card. It is vital to locate the best business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. The card is a good option for earning rewards for various categories of purchases and even covers employees’ mobile phone bills.