If you are thinking of starting a business, the most important question to ask is “Can I get my business credit card?” The answer is a resounding yes however, the process of obtaining an enterprise credit card can be confusing and overwhelming. Here are a few things you need to know about the process of applying for credit card.
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Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. The applicants don’t have to pay interest and don’t have to provide an individual guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
Credit limits of up 100 percent are available to applicants. The limit is determined by the amount the customer has in their 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 rewards on purchases. For instance, you could earn four points on trips booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and a spend management system. It offers a wide range of benefits, including a flat 1.5 percent cashback rate on all purchases. The card doesn’t have annual charges and doesn’t need any other conditions other than a good credit rating.
For businesses that are just starting out benefiting from a business credit card that is low-interest are a great deal. You might also look into a credit card for business with additional protection.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you can afford to pay every month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It provides a wide range of benefits, including an impressive sign-up bonus, purchase security, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR promotions and the spending limit might not be suitable for your company. It’s also not the most generous points-earning program.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features like liability insurance, primary car rental coverage, shopping protection, and primary coverage for car rentals. These benefits are ideal for small-scale business owners.
Furthermore, the Ink Business Preferred Card is a great method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. For instance, if charge $500 on purchases to your card during the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy is a good option for business owners in the beginning seeking a business card. This type of card offers many advantages and features. It also lets you keep track of your business expenses.
Divvy can be used with any accounting software to allow users to look at their financial expenses. You can create budgets, set limits, and request funds. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards review your company finances and assist you to decide how much money you should spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest for business loans. They also offer rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for purchases and travel while others can be used to build your credit score.
There are a myriad of credit card issuers you can choose from, such as Chase. You should also consider how you will use the credit card. It is important to select the best business credit card that will meet your specific requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card is a great way to earn rewards on different categories of purchases, and it even covers employees’ cell phone bills.