If you’re starting a business, one 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 applying for a business credit card can be overwhelming and confusing. Here are some things you need to be aware of when applying for the credit card you need.
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Brex offers a wide range of financial services, including corporate credit cards, spend management, and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build credit histories. It doesn’t charge interest or have to provide a personal guarantee. Instead applicants are evaluated on their company’s budget and business model.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount of money a customer has 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 valuable 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 all-in-one small business credit card and spend management solution. The card provides a range of benefits, including a standard 1.5% cashback rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements other than a good credit rating.
A low-interest business credit card is a great choice for startups. You might also consider a business credit card that provides additional security.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is especially true if you’re looking to finance large expenses.
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 protection, and travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR deals and the spend limit may not be appropriate for your business. Moreover, it’s not 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 many other beneficial features, including liability coverage and primary car rental coverage and a shopping protection. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you can earn 3 points for every dollar you spend. For instance, if charge $500 on purchases to your card in the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy is an excellent choice for startup business owners seeking business cards. This type of card offers a range of benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used with accounting software, and allows users to quickly view financial expenses. The software allows you to create a budget, limit spending, and request funds. You can also set the spending limit for your employees.
Divvy also has corporate cards. The cards analyze 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 essential to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest on business loans. They also offer rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Certain cards provide rewards for travel and shopping and some can be used to to build credit for your business.
Apart from the top business credit cards from Chase and other credit card issuers that you can choose from. But, you must consider how you will make use of a particular credit card. It is crucial to find the right business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards for various categories of purchases as well as covers cell phone bills.