For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes, it can be daunting and confusing to apply for an enterprise credit card. Here are some things to be aware of before obtaining the credit card you need.
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Brex offers a wide variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. The applicants don’t pay interest or provide personal guarantees. Instead applicants are evaluated on their company’s budget and business model.
Credit limits of up 100 percent are permissible 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 rewards when you use the Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget management tool. The card provides a range of advantages, including a fixed 1.5% cashback rate on all purchases. There are no annual charges, and the card doesn’t have other requirements except for having a high credit score.
For a startup business benefiting from a business credit card that is low-interest are a great deal. You may also consider a business credit card that provides additional security.
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 the amount you can afford to pay each month. This is especially applicable if you’re planning to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It offers many advantages, such as a huge sign up bonus, purchase protection, as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any promotional APR promotions available, and the spending limit could be too low for your business. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage and primary car rental coverage, shopping protection, and primary car rental coverage. If you’re a small-sized company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. In this case for example, if you spend $500 on purchases made with your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a business owner in search of a credit card for business, you may want to look into Divvy. This type of credit card provides various advantages and features. It also allows you to monitor your business expenses.
Divvy is compatible alongside any other accounting software to allow users to look at their financial expenses. You can then create budget, set limits, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards look at your company’s financial situation and decide on how much you can spend every month. Contrary to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest interest rates for business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for shopping and travel and some can be used to build your business’s credit.
There are numerous credit card issuers you could choose from, including Chase. You should also think about the way you intend to use the credit card. It is important to select the best business credit card that is suitable for your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a great option. The card is a good option for earning rewards across a variety of categories and even covers employees’ mobile phone bills.