For those who are just beginning 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 confusing and overwhelming to apply for a business credit card. Here are some points you should be aware of about the process of obtaining credit card.
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Brex 30
Brex offers a variety of financial services , including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. The applicants don’t pay interest or provide a personal guarantee. Instead, applicants are rated by the company’s business model and spending habits.
Users can get 100 percent credit limit. This limit is based on the amount of cash in a 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 instance, you can earn four points on 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 complete small business credit card as well as a spending management solution. The card provides a range of advantages, including a fixed 1.5 percent cashback on all purchases. The card doesn’t have annual fees and doesn’t require any other conditions other than a good credit rating.
A low-interest business credit card is a great choice for new businesses. A business credit card that offers additional security could be a viable option.
One of the key benefits of a business low-interest credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay off every month. This is particularly true if you 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 for startups. It comes with a variety of advantages, including a large initial bonus, purchase protection, as well as travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions to be found and the spending cap may be too low for your business. Furthermore, it’s not the most generous points-earning feature.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage, and a shopping protection. As a small company owner, you’ll certainly get these benefits.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you can earn three points for every dollar you spend. In this example the case of spending $500 on purchases on your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divide
The Divvy card is a great choice for business owners who are just starting out seeking an business card. This card has a variety of advantages and features. It also lets you track your business expenses.
Divvy integrates with other accounting software, allowing users to quickly view the financial expenses. The software lets you create a budget, restrict spending and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business’ finances and help you decide on how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest for business loans. They also offer rewards. For example the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and traveling while others are able to help build your credit score.
Apart from the top business credit cards offered by Chase and other credit card issuers you can use. But, you must consider the way you intend to make use of a specific credit card. It is vital to find the right business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card provides solid rewards for various categories of purchases and also covers cell phone bills.