If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer but it can be confusing and overwhelming to apply for a business credit card. Here are some things you need to be aware of before obtaining a credit card.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish their credit history. The applicants don’t have to pay interest or have to provide an individual guarantee. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up to 100 percent are permissible for applicants. The limit is determined by the amount that a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points to book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management tool. The card offers a slew of benefits, including a flat 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t have any other qualifications other than having a high credit score.
A business credit card with a low-interest rate is a great option for new businesses. You may also want to consider a business credit card that offers additional protection.
One of the most important 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 can afford to pay every month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It offers a range of advantages, including an impressive sign-up bonus, purchase protection, as well as travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR promotions and the spending limit may not be appropriate for your company. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage, primary coverage for car rentals, shopping protection, and primary coverage for car rentals. If you’re a small-sized company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if charge $500 on purchases to your card in the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy
The Divvy is a great option for business owners who are just starting out looking for a business card. This type of card comes with numerous benefits and features. It also lets you track your business expenses.
Divvy can be integrated alongside any other accounting software that allows users to look at their financial expenses. The software lets you create a budget, restrict spending, and request funds. You can also set an amount of money you can spend for your employees.
Divvy also has a corporate card. These cards review your company’ finances and help you decide how much money you’ll need to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the best interest rates on business loans. They can also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for travel and shopping and others can be used to boost your credit score.
There are a myriad of credit card issuers you could pick from, including Chase. However, you should consider the way you intend to use a particular credit card. It is crucial to choose the best business credit card that meets your particular needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card is a good option for earning rewards across a variety of categories and even covers mobile phone costs.