For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit confusing and overwhelming to apply for a business credit card. Here are a few tips to be aware of the process of getting a credit card.
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Brex 30
Brex offers a variety 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 referred to as Brex for Startups is a credit card that assists start-ups build their credit score. Applicants don’t pay interest or need to provide an individual guarantee. Instead, applicants are evaluated on their business model and their spending habits.
Credit limits of up to 100 percent are permissible for applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards with a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. The card offers a variety of benefits, including a flat 1.5 percent cashback rate on all purchases. The card is free of annual fees and does not have any other conditions other than having a high credit score.
A business credit card with low interest is a great option for businesses that are just starting out. You may also look into a business credit card which offers additional security.
One of the most important benefits of a business low-interest credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll have to pay each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It comes with a variety of benefits, including a high sign up bonus as well as purchase protection and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR deals and the spend limit may not be appropriate for your company. In addition, it’s not exactly the most generous point-earning system.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage as well as a shopping security. As a small-scale business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if make a purchase of $500 to your card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divide
The Divvy card is a great choice for entrepreneurs who are starting their business and seeking an business card. This type of card comes with numerous benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible with external accounting software, and allows users to view their the financial expenses. The software allows you to make a budget, limit spending, and request funds. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and decide how much you’ll need to spend every month. As opposed to traditional business credit card, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards provide a way to secure the best rates of interest on business loans, and can also offer valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and travel while others can be used to boost your credit score.
There are a myriad of credit card issuers that you can pick from, including Chase. You should also think about the way you intend to use the credit card. It is important that you find the right business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card provides solid rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.