If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes but it can be difficult and confusing to apply for a business credit card. Here are a few things you need to know about the process of applying for a credit card.
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Brex offers a wide range of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. Applicants don’t pay interest and don’t have to offer personal guarantees. Instead applicants are evaluated based on their business model and spending habits.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount that a customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards with the Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card comes with a variety of benefits including a standard 1.5% cash back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements except for an excellent credit score.
A business credit card with a low-interest rate is a great option for startups. You may also look into a credit card for business that offers additional protection.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll have to pay each month. This is especially applicable if you’re planning to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It offers a range of benefits, like an impressive sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any APR introductory promotions to be found, and the spending cap may be too low for your company. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, however, offers many other useful features, including liability coverage primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These benefits are perfect for small business owners.
Moreover, the Ink Business Preferred Card is a great way to earn points. When you spend in specific categories, you’ll earn 3 points for every dollar you spend. For example when you spend $500 on purchases with your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a business owner in search of a business credit card, you may want to consider Divvy. This type of card offers various advantages and features. You can also monitor your business expenses with this card.
Divvy works with external accounting software, allowing users to quickly view the financial expenses. You can create budgets, set limits on spending and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also has corporate cards. These cards assess your company’s finances and determine how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure highest interest rates for business loans. They can also offer valuable rewards. For instance a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for travel and shopping as well as other cards that can be used to help increase your business’s credit.
There are a myriad of credit card issuers that you can choose from, including Chase. It is important to consider the method of use for the credit card. It is vital to locate the best business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card gives you solid rewards for various categories of purchases and even covers employees’ mobile phone costs.