For those who are just beginning an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of applying for an official business credit card can be overwhelming and confusing. Here are some tips to be aware of when applying for the credit card you need.
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Brex 30
Brex offers a variety of financial services , including corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit score. The applicants don’t have to pay interest or provide a personal guarantee. Instead the applicants are evaluated on their financial model and spending habits.
The applicants can enjoy up to 100 percent credit limit. The limit is determined 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.
With a Brex Corporate Credit Card You can earn rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card as well as a spending management solution. The card comes with a variety of benefits including a flat 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t require other requirements, aside from having a high credit score.
For a business that is just beginning it is possible to reap the benefits of a low-interest business credit card are a great deal. A business credit line with additional security could be an option.
One of the main benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay off 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 most sought-after business credit cards for startups. It offers a range of advantages, including an impressive sign-up bonus, purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR promotions to be found and the spending cap could be too low for your business. It’s also not the best points-earning program.
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On the other hand however, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage, and a shopping protection. If you’re a small-sized business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you can earn 3 points per dollar you spend. In this example when you spend $500 on purchases to your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy
Divvy is an excellent choice for business owners in the beginning looking for an business card. The card comes with a range of advantages and features. It also lets you monitor your business expenses.
Divvy can be used with accounting software that allows users to view their the financial expenses. The program allows you to create a budget, restrict spending, and request funds. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. The cards analyze your company’s finances and determine the amount you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest interest rates for business loans and provide valuable rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Some cards offer rewards for shopping and travelling as well as other cards that can be used to help to build credit for your business.
There are numerous credit card issuers to select from, including Chase. It is important to consider the method of use for the credit card. It is crucial to choose an enterprise credit card that meets your specific needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent option. The card gives you solid rewards on various purchase categories, and it even covers employees’ cell phone bills.
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