For those who are just beginning an enterprise, one of 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 obtaining a business credit card can be a bit overwhelming and confusing. Here are a few things to be aware of before obtaining an credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build credit histories. Applicants don’t pay interest or require personal guarantees. Instead, applicants are evaluated based on their company’s budget and business model.
Credit limits of up to 100 percent are permitted for applicants. The limit is by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t have any other requirements other than having a high credit score.
For a business that is just beginning benefiting from a business credit card with low interest are a great deal. A business credit card that offers additional security could be a viable option.
A low-interest business credit cards are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about how much money you’ll be able to afford each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It comes with a variety of benefits, including a substantial sign up bonus and purchase protection and travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions and the spending limit might not be suitable for your business. Furthermore, it’s not the most generous points-earning option.
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The Ink Business Preferred Card, however provides a range of useful features, including liability coverage primary car rental coverage shopping protection, as well as primary coverage for rental cars. As a small business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For example, if you spend $500 on purchases made with your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divide
If you’re a startup business owner looking for a credit card for business, you may want to think about Divvy. This card has a variety of advantages and features. You can also monitor your business expenses with this card.
Divvy works with external accounting software, and allows users to quickly view the financial expenses. You can create budget, set limits, and request money. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards look at your company’s finances and determine the amount you’ll need to spend every month. Contrary to traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure best rates of interest on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash or cash back. Some cards offer rewards for shopping and traveling and others are able to help build your credit score.
There are a myriad of credit card issuers that you can select from, including Chase. However, you must think about the manner in which you make use of a particular credit card. It is essential to locate the right business credit card that suits your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card is a good option for earning rewards for a variety of purchase categories and even covers employees’ mobile phone costs.