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 a resounding yes but the process of obtaining the business credit card could be a bit overwhelming and confusing. Here are a few things to be aware of before obtaining the credit card you need.
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Brex offers a variety of financial services , including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups establish their credit history. The applicants don’t pay interest or require a personal guarantee. Instead, applicants are rated on the basis of their business model and spending patterns.
Credit limits of up 100 percent are allowed for applicants. The limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards when you use the Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. You can also earn 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 spend management tool. The card provides a range of benefits, including a standard 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t require other requirements aside from an excellent credit score.
A business credit card with low interest is a great choice for those who are just starting out. A business credit card with additional security could be an option.
One of the primary features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll have to pay off each month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It has many advantages, including a large sign up bonus as well as purchase protection and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions available, and the spending cap may be too low for your business. It’s also not the best points-earning strategy.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. As a small-scale company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. For instance, if add $500 worth of purchases to your card during the first three months, you’ll receive a welcome bonus of 100,000 points.
The Divvy is a great option for business owners who are just starting out looking for business cards. This card has a variety of advantages and features. It also lets you monitor your business expenses.
Divvy can be used with any external accounting software to allow users to monitor their financial expenses. You can create a budget, set maximum limits and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for businesses. The cards analyze 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 doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the highest interest rates for business loans, and they are also able to provide useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash back. Some cards offer rewards for travel and shopping while others can be used to help to build credit for your business.
There are a myriad of credit card issuers to choose from, such as Chase. It is important to consider how you will use the credit card. It is essential to locate the best business credit card to meet your needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. This card provides solid rewards on different categories of purchases and even will pay for employees’ cell phone bills.