For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of obtaining a business credit card can be confusing and overwhelming. Here are some things you need to know about how to get the credit card you need.
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Brex offers a wide variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build credit histories. The applicants don’t pay interest or provide personal guarantees. Instead, applicants are evaluated by the business model of the company and spending patterns.
Credit limits as high as 100 percent are permissible for applicants. This limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use a Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management solution. The card comes with a variety of benefits including a standard 1.5 percent cash back rate on all purchases. The card is free of annual fees and doesn’t require any other requirements than an excellent credit score.
If you are a new business benefiting from the low-interest business credit cards are a great deal. A business credit line with added security may be a possibility.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly true if you are looking 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 offers many benefits, including a substantial sign up bonus and purchase protection and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR offers and the spending limit might not be suitable for your company. It’s also not the most generous points-earning option.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, such as liability coverage, primary coverage for car rentals shopping protection, as well as primary coverage for car rentals. If you’re a small business owner, you’ll surely get these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if you charge $500 in purchases to your credit card within the first three months, you’ll get the welcome bonus of 100,000 points.
If you’re a business owner looking for an account for business credit You might want to consider Divvy. This kind of card comes with a range of benefits and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software that allows users to easily monitor financial expenses. You can create budget, set limits, and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company finances and allow you to decide what amount of money 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 crucial to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travelling as well as other cards that can be used to increase your business’s credit.
Aside from the best business credit cards offered by Chase, there are other credit card issuers that you can use. However, you should consider the ways you will utilize a specific credit card. It is essential to locate the right business credit card that suits your specific requirements.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. The card gives you solid rewards on different categories of purchases as well as protects employees’ mobile phone bills.