For those who are just beginning a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of obtaining an official business credit card can be overwhelming and confusing. Here are a few things you need to know about the process of obtaining credit card.
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Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups build their credit history. The cardholders don’t have to pay any interest or provide an individual guarantee. Instead, applicants are evaluated on their business model and their spending habits.
Customers can get up to a 100 percent credit limit. 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 substantial rewards on purchases. For instance, you could get four points on travel booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management tool. It offers a wide range of advantages, including a fixed 1.5% cashback rate on all purchases. There are no annual fees, and the card doesn’t require other requirements other than a good credit score.
A low-interest business credit line is a great option for businesses that are just starting out. A business credit card that comes with added security may be a good option.
A business credit card with a low-interest rate are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up companies. It offers a range of benefits, including the highest sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR offers and the spending limit may not be appropriate for your company. Moreover, it’s not the most generous point-earning system.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance as well as primary car rental coverage, shopping protection, and primary car rental coverage. These benefits are ideal for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this case when you spend $500 on purchases to your card within the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a startup business owner looking for an enterprise credit card, you may want to look into Divvy. This card comes with a wide range of benefits and features. It also lets you monitor your business expenses.
Divvy works with external accounting software that allows users to easily view financial expenses. You can create budget, set maximum limits and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards assess your business finances and allow you to determine how much you’ll need to invest 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 know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travel as well as others that can be used to improve your credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that are available to. You must also think about the way you intend to use the credit card. It is vital to locate the best business credit card to meet your requirements.
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 categories of purchases and even protects employees’ mobile phone expenses.