For those that are starting a business, 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 however the process of applying for an official business credit card can be confusing and overwhelming. Here are a few things to learn about getting credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. It doesn’t charge interest or provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards by using the Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. You can also earn three points on dining.
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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 flat 1.5% cash back rate on all purchases. There are no annual fees, and the card does not have other requirements other than having a high credit score.
For a startup business it is possible to reap the benefits of a low-interest business credit card could be very appealing. You might also look into a business credit card which offers additional security.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll be able to pay off every month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers many advantages, including a large sign-up bonus as well as purchase protection as well as travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR promotions available, and the spending limit could be too low for your company. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand, offers many other useful features like liability insurance and primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and earn three points per dollar. For example the case of spending $500 on purchases to your card within the first three months, you will receive a 100,000 point welcome bonus.
Divvy
If you’re a start-up business owner in search of a credit card for business you might want look into Divvy. This card offers a variety of benefits and features. It also allows you to monitor your business expenses.
Divvy is compatible with external accounting software and enables users to easily view the financial expenses. You can then create a budget, set limits, and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate card. These cards assess your business financial situation and help you decide how much money you should spend every month. Unlike traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before submitting an application.
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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. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash back. Some cards offer rewards for travel and shopping while others can be used to boost your credit score.
There are many credit card issuers you can select from, including Chase. However, you must think about how you will make use of a particular credit card. It is crucial to choose the right business credit card that is suitable for your specific needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. The card gives you solid rewards on different categories of purchases and also covers cell phone bills.