If you’re 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 getting a business credit card can be overwhelming and confusing. Here are a few tips to be aware of the process of applying for the credit card.
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Brex provides a variety of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups establish credit histories. It doesn’t charge interest and don’t need to provide a personal guarantee. Instead the applicants are evaluated based on their financial model and spending habits.
The applicants can enjoy up to 100 percent credit. The limit is by the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. It offers a wide range of benefits, including a standard 1.5 percent cashback on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements than having a credit score of at least.
For a startup business benefiting from a low-interest business credit card could be very appealing. A business credit card that offers additional protection may be a good option.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of money you’ll be able to afford 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 top business credit cards available to start-up businesses. It offers a variety of advantages, including the highest sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR offers and the spending limit might not be suitable for your business. In addition, it’s not exactly the most generous points-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers numerous other useful features, such as liability insurance and primary car rental coverage and a shopping protection. If you’re a small-sized business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. When you spend in specific categories, you can earn three points per dollar you spend. For example, if you add $500 worth of purchases to your credit card within the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy is a good option for entrepreneurs who are starting their business and seeking an business card. This kind of card comes with numerous advantages and features. It also lets you keep track of your business expenses.
Divvy can be used with accounting software, allowing users to easily monitor the financial expenses. You can create a budget, set limits, and request money. You can also set an expense limit for your employees.
Divvy also offers corporate cards. The cards analyze your company’s finances and determine how much you’ll need to 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 essential to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards are the chance to secure highest interest rates for business loans, and they are also able to provide useful rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travel while others are able to help build your credit score.
There are a myriad of credit card issuers to choose from, including Chase. However, you must think about how you will use a particular credit card. It is essential to locate the best corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. The card provides solid rewards for various purchase categories and even will pay for employees’ mobile phone costs.