For those who are just beginning a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however, the process of obtaining an enterprise credit card can be a bit overwhelming and confusing. Here are a few things to be aware of before obtaining credit card.
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Brex offers a wide range of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups establish credit histories. Applicants don’t pay interest and don’t need to provide personal guarantees. Instead, applicants are evaluated on their company’s business model and spending habits.
Credit limits as high as 100 percent are permitted for applicants. The limit is determined based on the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card as well as a spending management system. The card comes with a range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements other than an excellent credit score.
A low-interest business credit line is a great option for new businesses. A business credit line with added security may be a good option.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards available to start-up companies. It has many benefits, including a high sign up bonus as well as purchase protection as well as travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR deals and the spend limit might not be suitable for your business. It’s also not the best points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. As a small-scale business owner, you’ll surely benefit from these perks.
Moreover, the Ink Business Preferred Card is a great opportunity to earn points. When you spend money in certain categories, you can earn three points per dollar you spend. In this example, if you spend $500 on purchases on your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy is an excellent choice for startup business owners seeking an business card. This type of card comes with many advantages and features. It also lets you monitor your business expenses.
Divvy can be used with accounting software, and allows users to easily view the financial expenses. The program allows you to set a budget, limit spending, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards analyze your business’ finances and help you decide what amount of money you should spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the highest interest rates for business loans, and they can also offer valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and travelling as well as other cards that can be used to help increase your business’s credit.
There are a variety of credit card issuers to select from, including Chase. However, you should think about the manner in which you make use of a specific credit card. It is essential to find the right business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card provides solid rewards for various categories of purchases and even will pay for employees’ cell phone bills.