If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes it can be challenging and overwhelming to apply for a business credit card. Here are some points you should be aware of about the process of applying for 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 provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish their credit history. Applicants don’t pay interest or require personal guarantees. Instead the applicants are evaluated on their company’s business model and spending habits.
Credit limits up to 100 percent are available to applicants. The limit is determined by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards with a Brex Corporate credit card. For instance, you could earn four points on trips booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget 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 charges, and the card doesn’t require other requirements, aside from a good credit score.
A low-interest business credit card is a great choice for businesses that are just starting out. A business credit line with additional security could be an option.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple cards or worrying about the amount of money you can afford each month. This is especially true when 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 designed for entrepreneurs. It offers many advantages, including a large sign-up bonus, purchase protection, as well as travel benefits. However, it does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions and the spending limit may not be appropriate for your business. It’s not the most efficient points-earning strategy.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage as well as a shopping security. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another great way to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if add $500 worth of purchases to your credit card within the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking a business card. This card comes with a wide range of benefits and features. It also allows you to monitor your business expenses.
Divvy is compatible with any external accounting software that allows users to monitor their financial expenses. The software allows you to create a budget, restrict spending and even request money. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also has corporate cards. The cards analyze your company’s finances and determine how much 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 know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the best interest rates on business loans, and they can also provide valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Some cards offer rewards for travel and shopping while others can be used to help build your business’s credit.
There are a myriad of credit card issuers that you can choose from, including Chase. But, you must consider the way you intend to utilize a specific credit card. It is crucial to choose a business credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card provides solid rewards for various purchase categories and even protects employees’ mobile phone costs.