If you are thinking of starting your own business, the most important question is “Can I get my business credit card?” The answer is a resounding yes, but the process of obtaining a business credit card can be overwhelming and confusing. Here are some points you should be aware of about the process of applying for the 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 is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. It doesn’t charge interest and don’t need to provide a personal guarantee. Instead the applicants are evaluated on their company’s business model and their spending habits.
Users can get 100 percent credit. The limit is determined by the amount the customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn valuable rewards using a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card provides a range of benefits, including a simple 1.5 percent cashback on all purchases. The card does not have annual fees and does not have any other requirements than having a high credit score.
For a business that is just beginning, the benefits of using a business credit card that is low-interest could be very appealing. A business credit line with additional security could be a viable option.
One of the primary advantages of a low interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll be able to pay each month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It comes with a variety of benefits, including a substantial initial bonus along with purchase protection, along with travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any APR introductory promotions available, and the spending cap may be too low for your company. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, however, offers many other useful features, such as liability coverage and primary coverage for car rentals, shopping protection, and primary coverage for car rental. If you’re a small business owner, you’ll surely get these benefits.
Moreover it is worth noting 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. In this case when you spend $500 on purchases to your card in the first three months, you’ll get a 100,000 point welcome bonus.
The Divvy is a great option for startup business owners seeking a business card. This card has a variety of benefits and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software and enables users to view their financial expenses. You can then create budget, set limits on spending and request money. You can also set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards assess your business finances and allow you to determine how much you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
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 provide the chance to secure best rates of interest on business loans. They can also offer useful rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for shopping and travelling and some can be used to to build credit for your business.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers you can use. However, you should consider the way you intend to use a particular credit card. It is essential to locate an enterprise credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. The card gives you solid rewards on different categories of purchases and even will pay for employees’ cell phone bills.