For those who are 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?” The answer is a resounding yes however, the process of obtaining the business credit card could be confusing and overwhelming. Here are some tips to be aware of the process of getting credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. Applicants don’t pay interest and don’t need to provide an individual guarantee. Rather, applicants are evaluated by the business model of the company and spending habits.
Users can get 100 percent credit limit. The limit is by the amount of cash in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points to book travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. The card comes with a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual charges, and the card doesn’t have other requirements aside from a good credit score.
For a business that is just beginning benefiting from a low-interest business credit card are a great deal. You may also want to consider a business credit card which offers additional security.
One of the key benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about the amount you can afford to pay every month. This is particularly important if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It comes with a variety of advantages, such as a huge reward for signing up as well as purchase protection as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promos and the spending limit may not be appropriate for your business. Moreover, it’s not the most generous points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental, and a shopping protection. These benefits are ideal for small-scale business owners.
Furthermore that, the Ink Business Preferred Card is an excellent way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if add $500 worth of purchases to your credit card within the first three months, you’ll receive the welcome bonus of 100,000 points.
Divide
Divvy is an excellent choice for business owners who are just starting out looking for business cards. This type of card offers many benefits and features. You can also track your business expenses with this card.
The Divvy app can be used alongside any other accounting software that allows users to look at their financial expenses. The software lets you make a budget, limit spending, and request funds. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s financial situation and decide on how much you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive interest rates for business loans, and also 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 and some can be used to to build credit for your business.
There are a myriad of credit card issuers you can choose from, such as Chase. It is important to consider the way you intend to use the credit card. It is vital to select the correct business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.