If you’re thinking of creating your own business, the most important question to ask is “Can I get my business credit card?” The answer is yes however the process of getting a business credit card can be confusing and overwhelming. Here are a few things to be aware of before obtaining an credit card.
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Brex provides a range of financial services , including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. The applicants don’t have to pay interest or need to provide a personal guarantee. Instead applicants are evaluated based on their company’s financial model and spending habits.
Customers can get up to 100 percent credit. This limit is determined based on the amount of cash in a 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 by using a Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management system. The card comes with a variety of benefits including a flat 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements other than having a high credit score.
If you are a new business one of the advantages of using a business credit card that is low-interest could be very appealing. A business credit card that comes with additional security could be an option.
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 you can manage each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It offers a range of benefits, such as the highest sign-up bonus, purchase protection, and travel benefits. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR promos and the spending limit may not be appropriate for your business. It’s also not the most effective point-earning option.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping protection. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if make a purchase of $500 to your credit card during the first three months, you’ll receive an offer of 100,000 points.
Divvy is a good option for entrepreneurs who are starting their business and looking for a business card. This type of card offers numerous advantages and features. You can also track your business expenses with this card.
Divvy works with external accounting software, allowing users to easily monitor financial expenses. The software lets you make a budget, limit spending and even request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has a corporate card. These cards review your company’ finances and help you decide how much money you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure best rates of interest on business loans, and they can also offer useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for purchases and travel and others can be used to build your credit score.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers that you can turn to. You should also think about how you will use the credit card. It is essential to locate the best business credit card that suits your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card is a good option for earning rewards for various purchase categories and even covers mobile phone bills.