If you’re starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of getting a business credit card can be confusing and overwhelming. Here are some things you need to know about the process of applying for credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex 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 score. The applicants don’t pay interest or require a personal guarantee. Instead, applicants are rated on the basis of their business model and spending patterns.
Credit limits up to 100 percent are permissible for applicants. The limit is determined by the amount customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points when you book travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending 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 does not have other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great option for new businesses. A business credit card that offers additional security could be a viable option.
One of the key advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you can afford to pay off each month. This is especially true if you are planning to finance significant expenses.
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 variety of benefits, including an impressive sign-up bonus, purchase protection, as well as travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR deals and the spend limit might not be suitable for your company. It’s not the most efficient points-earning strategy.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage and a shopping insurance. As a small business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend money in certain categories, you can earn three points for every dollar you spend. For instance, if you charge $500 in purchases to your credit card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divide
The Divvy is a great option for entrepreneurs who are starting their business and looking for a business card. This card offers a variety of advantages and features. It also lets you keep track of your business expenses.
Divvy can be used alongside any other accounting software to allow users to monitor their financial expenses. The program lets you set a budget, limit spending, and request funds. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards review your company finances and allow you to decide how much money you’ll need to spend each month. Unlike traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to understand the company’s rate 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 also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and traveling as well as other cards that can be used to improve your company’s credit score.
There are many credit card issuers you can select from, including Chase. However, you should think about the ways you will make use of a particular credit card. It is essential to locate the best business credit card that suits your specific needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. The card is a good option for earning rewards across a variety of categories and even protects employees’ mobile phone costs.