If you’re thinking about starting your own business, the most important question you should ask yourself is “Can I get my business credit card?” While the answer is yes but it can be difficult and confusing to apply for a business credit card. Here are some points you should be aware of about the process of getting a credit card.
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Brex provides a variety of financial services, including corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build credit histories. Applicants don’t pay interest and don’t have to provide personal guarantees. Instead, applicants are assessed by the business model of the company and spending patterns.
Credit limits of up 100 percent are allowed for applicants. The limit is based on the amount of cash in a 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 valuable rewards on purchases. For instance, you can get four points on travel booked through Brex Travel. You can also earn three points when dining out.
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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. It comes with a myriad of benefits, including a flat 1.5 percent cash back rate on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than a good credit rating.
If you are a new business, the benefits of using a business credit card that is low-interest are a great deal. You may also look into a credit card for business that provides additional security.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you can afford each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It has many benefits, including a high initial bonus, purchase protection, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promos and the spending limit may not be appropriate for your company. It’s also not the most effective points-earning strategy.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage as well as a shopping security. If you’re a small-sized business owner, you’ll definitely get these benefits.
Additionally, the Ink Business Preferred Card is a great method to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if charge $500 in purchases to your credit card within the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
If you’re a start-up business owner looking for a credit card for business you might want think about Divvy. This kind of card comes with various advantages and features. It also allows you to keep track of your business expenses.
Divvy is compatible with any external accounting software that allows users to view their financial expenses. You can then create budget, set limits, and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business’s finances and decide how much you’ll need to spend each month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Certain cards provide rewards for travel and shopping, while others are able to help build your credit score.
There are a variety of credit card issuers you can select from, including Chase. However, you must think about the way you intend to utilize a specific credit card. It is crucial to choose an enterprise credit card that is suitable for your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a fantastic option. The card is a good option for earning rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.