If you’re starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however the process of obtaining an official business credit card can be confusing and overwhelming. Here are some tips to be aware of the process of obtaining a credit card.
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Brex offers a variety of financial services like 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 a credit card that helps startups establish their credit history. The applicants don’t pay interest or have to provide personal guarantees. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits as high as 100 percent are available to applicants. This limit is by the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards by using a Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card comes with a variety of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements other than an excellent credit score.
For a startup business it is possible to reap the benefits of a low-interest business credit card are a great deal. A business credit card that offers additional security might be a viable option.
A low-interest business credit card are very convenient because you’re not burdened with the stress of managing multiple cards or worrying about how much money you’ll have to pay each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards available to start-up companies. It provides a wide range of benefits, like an excellent sign-up bonus purchase protection, and travel benefits. However, it also has a few drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions to be found and the spending limit could be too low for your company. This isn’t the most efficient points-earning strategy.
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On the other side the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and earn three points per dollar. In this example for example, if you spend $500 on purchases to your card within the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a start-up business owner in search of an account for business credit, you may want to look into Divvy. This type of card comes with numerous advantages and features. It also allows you to track your business expenses.
Divvy can be used with accounting software and enables users to easily monitor financial expenses. The program lets you make a budget, limit spending, and request funds. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also has corporate cards. These cards assess your company’s financial situation and decide on how much you’ll have 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 crucial to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest interest rates for business loans, and also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling as well as others that can be used to build your credit score.
There are numerous credit card issuers to pick from, including Chase. However, you must think about the manner in which you make use of a particular credit card. It is essential to choose the appropriate business credit card that meets your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. The card gives you solid rewards on various purchase categories and even protects employees’ mobile phone bills.