For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes but the process of obtaining the business credit card could be a bit overwhelming and confusing. Here are some things you need to know about the process of obtaining a credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t have to pay interest or offer a personal guarantee. Instead, applicants are evaluated by company business model and spending habits.
Users can get 100 percent credit. The limit is determined based on 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. For instance, you could earn four points when you travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management system. The card provides a range of benefits, including a simple 1.5 percent cashback rate on all purchases. The card is free of annual charges and doesn’t need any other conditions other than an excellent credit score.
For businesses that are just starting out one of the advantages of using a business credit card with low interest can be extremely appealing. You might also look into a credit card for business that provides additional security.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It provides many advantages, such as a huge sign-up bonus along with purchase protection, along with travel perks. It has some downsides.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions to be found and the spending cap may be too low for your business. It’s also not the most generous points-earning program.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage primary car rental coverage, shopping protection, and primary coverage for car rentals. These perks are perfect for small-scale business owners.
Furthermore to that, the Ink Business Preferred Card is a great opportunity to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. For instance, if you charge $500 in purchases to your card in the first three months, you’ll get an offer of 100,000 points.
Divide
If you’re a startup business owner looking for an enterprise credit card, you may want to think about Divvy. This kind of card comes with a range of advantages and features. It also lets you monitor your business expenses.
Divvy works with external accounting software and enables users to view their financial expenses. You can create a budget, set limits, and request money. It also lets you set a spending limit for your employees.
Divvy also offers corporate cards. These cards analyze your business financial situation and help you decide on how much you can spend every month. As opposed to traditional business credit card, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best interest rates for business loans. They also offer rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Some cards offer rewards for travel and shopping as well as others that can be used to boost your credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers that you can turn to. However, you should think about how you will use a particular credit card. It is important to find a business credit card that is suitable for your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a great option. The card gives you solid rewards on various purchase categories, and it even covers employees’ cell phone bills.