For those who are just beginning a business, 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 applying for the business credit card could be daunting and confusing. Here are some things you need to be aware of before obtaining the credit card you need.
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Brex 30
Brex provides a range of financial services including corporate credit cards as well as spend management and 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 assists start-ups establish their credit histories. The applicants don’t pay interest or require personal guarantees. Instead, applicants are evaluated by company business model and spending patterns.
Credit limits of up to 100 percent are allowed for applicants. This limit is determined based on the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards using a Brex Corporate credit card. For instance, you’ll earn four points on travel booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements other than having a high credit score.
For a startup business benefiting from a low-interest business credit card can be extremely appealing. A business credit card that offers additional security could be a viable option.
One of the primary benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll be able to pay every month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It offers a range of benefits, like an impressive sign-up bonus, purchase protection, and travel benefits. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions to be found and the spending cap could be too low for your company. It’s also not the most effective points-earning feature.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features such as liability coverage as well as primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. These perks are great for small business owners.
Additionally, the Ink Business Preferred Card is a great method to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. For example, if you charge $500 in purchases to your card in the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divide
If you’re a business owner in search of an account for business credit you might want consider Divvy. This type of card comes with a range of benefits and features. You can also monitor your business expenses with this card.
Divvy integrates with other accounting software and enables users to quickly view the financial expenses. You can create a budget, set limits, and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business’s finances and determine how much you should spend each month. Contrary to traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest on business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling as well as other cards that can be used to build your business’s credit.
There are numerous credit card issuers to choose from, such as Chase. However, you must think about the manner in which you use a particular credit card. It is vital to choose the appropriate business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards for a variety of purchase categories and even covers employees’ mobile phone bills.
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