If you’re thinking about creating a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes, but the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some tips to be aware of when applying for a credit card.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. The cardholders don’t have to pay any interest and don’t have to offer personal guarantees. Instead applicants are evaluated based on their budget and business model.
Credit limits of up 100 percent are permitted for applicants. The limit is determined by the amount the customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
You can earn significant rewards using the Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management solution. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. The card has no annual charges and doesn’t need any other requirements than an excellent credit score.
A low-interest business credit line is a great option for new businesses. You might also consider a business credit card that offers additional protection.
One of the primary features of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll be able to pay each month. This is especially important if you’re trying to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It comes with a range of advantages, including an excellent sign-up bonus purchase security, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found and the spending limit may be too low for your business. It’s not the most efficient points-earning program.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you can earn 3 points for every dollar you spend. In this instance for example, if you spend $500 on purchases made with your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divide
If you’re a new business owner in search of an account for business credit you might want think about Divvy. This card offers a variety of benefits and features. It also lets you monitor your business expenses.
Divvy integrates with other accounting software, and allows users to easily view the financial expenses. You can create budgets, set the limits, and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and determine the amount you’ll have 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. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the most favorable interest rates on business loans. They can also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling, while others can be used to build your credit score.
There are a variety of credit card issuers you could select from, including Chase. However, you must think about the ways you will use a particular credit card. It is vital to choose the appropriate corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards for various purchase categories and even protects employees’ mobile phone costs.