If you’re thinking about starting your own business, the first important question is “Can I get my business credit card?” While there is a yes answer it can be a bit challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of before obtaining credit card.
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Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish their credit history. It doesn’t charge interest and don’t have to offer a personal guarantee. Instead, applicants are assessed by company business model and spending habits.
The applicants can enjoy up to 100 percent credit. The limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For example, you can earn four points when you travel booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spending management tool. It offers a wide range of benefits, including a standard 1.5 percent cashback on all purchases. The card has no annual fees and doesn’t have any other requirements than having a high credit score.
A business credit card with low interest is a great choice for those who are just starting out. A business credit card that offers additional security might be a possibility.
One of the most important benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay off every month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers many advantages, including a large reward for signing up as well as purchase protection along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR offers and the spending limit may not be appropriate for your company. In addition, it’s not exactly the most generous points-earning feature.
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On the other hand, the Ink Business Preferred Card offers numerous other useful features, including liability coverage as well as primary coverage for car rental and a shopping protection. These benefits are perfect for small business owners.
Moreover it is worth noting 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 the case of spending $500 on purchases to your card in the first three months, you will be awarded a 100,000 points welcome bonus.
The Divvy card is a great choice for business owners in the beginning seeking business cards. This card offers a variety of advantages and features. It also lets you keep track of your business expenses.
Divvy is compatible with any accounting software to allow users to view their financial expenses. You can then create budget, set maximum limits and request money. Divvy also allows you to set an expense limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business finances and assist you to determine how much you’ll need to invest each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the highest interest rates for business loans, and they are also able to provide useful rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for travel and shopping, while others can be used to boost your credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can use. You should also consider how you will use the credit card. It is important to find a business credit card that will meet your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card is a great way to earn rewards on various purchase categories and even will pay for employees’ cell phone bills.