For those who are starting an enterprise, 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 a bit challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of before obtaining the credit card you need.
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Brex provides a variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. Applicants don’t pay interest or provide an individual guarantee. Instead, applicants are assessed by company business model and spending habits.
Users can get 100 percent credit limit. The limit is based on the amount of money that is in the customer’s 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 significant rewards on purchases. Brex Travel offers four points to book travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t require other requirements aside from an excellent credit score.
For a business that is just beginning it is possible to reap the benefits of a business credit card that is low-interest can be extremely appealing. You may also consider a business credit card that offers additional protection.
One of the key advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay off every month. This is particularly applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It provides a wide range of advantages, including an impressive sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions available, and the spending limit could be too low for your business. It’s also not the best point-earning option.
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The Ink Business Preferred Card, however, offers many other useful features such as liability coverage and primary coverage for car rentals shopping protection, and primary car rental coverage. These perks are perfect for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories and earn 3 points for every dollar. For instance, if you charge $500 on purchases to your card in the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
The Divvy is a great option for startup business owners seeking an business card. This type of card offers various advantages and features. You can also keep track of your business expenses using this card.
Divvy can be used with accounting software, allowing users to quickly view financial expenses. The software lets you create 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 review your company financial situation and help you decide what amount of money you can spend every month. Divvy doesn’t 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 prior to 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 also provide valuable rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travel as well as others that can be used to improve your credit score.
There are a myriad of credit card issuers you can pick from, including Chase. But, you must consider the way you intend to make use of a particular credit card. It is crucial to choose a business credit card that is suitable for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card is a good option for earning rewards for a variety of purchase categories and even covers mobile phone expenses.