If you’re starting the business of their own, one of 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 confusing and overwhelming to apply for an enterprise credit card. Here are a few things you should know about the process of applying for credit card.
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Brex provides a range of financial services , including corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build their credit history. The applicants don’t have to pay interest or require an individual guarantee. Instead applicants are evaluated on their budget and business model.
Credit limits of up 100 percent are allowed for applicants. This 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.
You can earn rewarding rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also 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 a spending management tool. The card offers a slew of benefits, including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements other than having a high credit score.
For a startup business one of the advantages of using a business credit card with low interest could be very appealing. A business credit card with added security may be a viable option.
One of the main advantages 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 have to pay every month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It has many benefits, including a substantial sign up bonus along with purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR deals and the spend limit might not be suitable for your business. It’s also not the most effective points-earning feature.
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On the other hand the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental, and a shopping protection. As a small company owner, you’ll certainly enjoy these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories and earn 3 points for every dollar. For instance, if you make a purchase of $500 to your credit card within the first three months, you’ll get an offer of 100,000 points.
Divvy is an excellent choice for business owners who are just starting out looking for business cards. This card comes with a wide range of advantages and features. It also allows you to monitor your business expenses.
Divvy can be used with accounting software, allowing users to view their the financial expenses. The software lets you set a budget, limit spending and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s financial situation and decide on how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling and some can be used to help improve your company’s credit score.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers that are available to. You must also think about the way you intend to use the credit card. It is crucial to select the correct corporate credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a great option. The card gives you solid rewards on a variety of purchase categories as well as covers cell phone bills.