If you’re thinking of creating your own business, the first important question to ask is “Can I get my business credit card?” The answer is yes however the process of obtaining a business credit card can be overwhelming and confusing. Here are some things you should know about the process of applying for credit card.
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Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. The applicants don’t have to pay interest or need to provide an individual guarantee. Instead applicants are evaluated on their company’s business model and spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is determined based on the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards using the Brex Corporate credit card. For example, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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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. It comes with a myriad of benefits, including a flat 1.5 percent cash back rate on all purchases. The card has no annual fees and doesn’t require any other conditions other than having a credit score of at least.
For a business that is just beginning one of the advantages of using a business credit card that is low-interest can be extremely appealing. You may also look into a business credit card that provides additional security.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of money you’ll be able to afford 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 popular business credit cards that are designed for startups. It has many benefits, including a substantial reward for signing up, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions to be found and the spending cap may be too low for your company. It’s also not the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features, such as liability coverage as well as primary coverage for car rentals shopping protection, and primary coverage for car rental. As a small business owner, you’ll definitely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For example, if you add $500 worth of purchases to your credit card within the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
The Divvy is a great option for entrepreneurs who are starting their business and looking for an enterprise card. The card comes with a range of benefits and features. It also lets you monitor your business expenses.
Divvy integrates with other accounting software, allowing users to easily view financial expenses. The program lets you set a budget, limit spending and request money. You can also set the spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s financial situation and decide on how much you should spend every 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 important to find out 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 get the most competitive rates of interest on business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Some cards offer rewards for purchases and travel as well as others that are able to help build your credit score.
There are numerous credit card issuers to choose from, including Chase. You must also think about what you intend to do with the credit card. It is crucial to locate the best business credit card that meets your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards on a variety of purchase categories and also covers cell phone bills.