For those that are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of getting the business credit card could be daunting and confusing. Here are a few points you should be aware of about the process of obtaining the credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups build their credit history. It doesn’t charge interest or provide a personal guarantee. Instead the applicants are evaluated on their company’s business model and their spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount of money 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 significant rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card provides a range of benefits, including a flat 1.5 percent cashback on all purchases. The card does not have annual fees and doesn’t require any other conditions other than having a credit score of at least.
A low-interest business credit card is a great option for startups. A business credit line with additional security could be a possibility.
One of the main advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay off each month. This is especially true if you are planning to finance significant 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 a range of benefits, such as a high sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. Furthermore, it’s not the most generous point-earning system.
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On the other hand it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping insurance. If you’re a small company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in certain categories, you’ll earn 3 points per dollar you spend. For example, if you charge $500 on purchases to your credit card during the first three months, you’ll get the welcome bonus of 100,000 points.
Divide
If you’re a business owner in search of a business credit card You might want to think about Divvy. This kind of card comes with numerous benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be used alongside any other accounting software to allow users to see their financial expenses. You can create budgets, set limits, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards evaluate your business’s finances and determine how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the best rates of interest on business loans, and they can also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and travelling and some can be used to build your business’s credit.
There are a myriad of credit card issuers you could choose from, such as Chase. You should also consider what you intend to do with the credit card. It is crucial to choose an enterprise credit card that meets your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card provides solid rewards across a variety of categories and even covers mobile phone costs.
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