For those that 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?” Although the answer is yes but it can be challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of before obtaining an credit card.
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Brex offers a variety of financial services including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an account that helps entrepreneurs build credit histories. It doesn’t charge interest or have to provide an individual guarantee. Instead, applicants are evaluated by company business model and spending habits.
The applicants can enjoy up to a 100 percent credit limit. The limit is by the amount of money in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
You can earn rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management tool. It comes with a myriad of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and does not have any other requirements than having a credit score of at least.
A low-interest business credit card is a great choice for businesses that are just starting out. A business credit card that comes with additional protection may be an option.
One of the most important features of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay off every month. This is particularly relevant if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It comes with a range of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any APR introductory promotions available, and the spending cap could be too low for your company. Moreover, it’s not the most generous point-earning system.
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On the other hand it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small business owners.
Moreover to that, the Ink Business Preferred Card is an excellent way to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. For instance, if add $500 worth of purchases to your card during the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
The Divvy card is a great choice for entrepreneurs who are starting their business and looking for a business card. This kind of card comes with numerous benefits and features. It also allows you to keep track of your business expenses.
Divvy works with external accounting software and enables users to view their financial expenses. You can then create budget, set limits, and request funds. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business’s finances and determine how much you should spend each month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel as well as other cards that can be used to increase your business’s credit.
Aside from the best business credit cards from Chase and other credit card issuers you can use. You must also think about what you intend to do with the credit card. It is important to find a business credit card that meets your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. The card gives you solid rewards for various categories of purchases, and it even protects employees’ mobile phone bills.