If you’re 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 there is a yes answer it can be difficult and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining a credit card.
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Brex provides a range of financial services like corporate credit cards, spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. Applicants don’t pay interest or offer an individual guarantee. Instead, applicants are evaluated by the business model of the company and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount of money that a customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards with the 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 offers a slew of benefits, including a fixed 1.5% cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other conditions other than an excellent credit score.
A low-interest business credit line is a great option for those who are just starting out. You may also want to look into a business credit card with additional protection.
One of the most important advantages of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about the amount you can afford to pay off 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 most well-known business credit cards for new businesses. It offers a variety of benefits, including an excellent sign-up bonus purchase protection, and travel perks. It does have some 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 limit may be too low for your company. It’s also not the most effective point-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, such as liability insurance, primary car rental coverage and a shopping protection. As a small-scale business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this instance for example, if you spend $500 on purchases to your card within the first three months, you will receive a 100,000-point welcome bonus.
The Divvy is a great option for business owners who are just starting out seeking a business card. This type of credit card provides various benefits and features. You can also track your business expenses with this card.
Divvy integrates with other accounting software and enables users to easily monitor financial expenses. The software lets you make a budget, limit spending and even request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s financial situation and decide on how much you’ll have to 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 important to find out the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure highest interest rates for business loans, and they can also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for shopping and travel as well as others that can be used to build your credit score.
There are many credit card issuers you could select from, including Chase. But, you must consider the way you intend to utilize a specific credit card. It is essential to find the right business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. The card is a good option for earning rewards for various categories of purchases and even protects employees’ mobile phone bills.