If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however, the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are a few things you need to know about the process of applying for an credit card.
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Brex offers a wide variety of financial services, including corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t have to pay interest or require personal guarantees. Instead the applicants are evaluated based on their financial model and spending habits.
Customers can get up to 100 percent credit. This 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 spending limit.
You can earn rewards using a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management system. The card offers a variety of advantages, including a fixed 1.5% cashback rate on all purchases. The card has no annual fees and does not have any other conditions other than having a high credit score.
For businesses that are just starting out it is possible to reap the benefits of a business credit card that is low-interest are a great deal. A business credit line with additional security could be an option.
A low-interest business credit card are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you’ll be able to afford each month. This is particularly important if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It offers a range of benefits, like a high sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
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. In addition, it’s not exactly the most generous point-earning system.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, including liability coverage, primary car rental coverage as well as a shopping security. If you’re a small company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another excellent way 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 get an initial bonus of 100,000 points.
If you’re a start-up business owner in search of an enterprise credit card you might want to think about Divvy. This type of card comes with numerous benefits and features. You can also monitor your business expenses with this card.
Divvy can be used with accounting software that allows users to quickly view the financial expenses. You can create budgets, set limits on spending and request money. You can also set an amount of money you can spend for your employees.
Divvy also offers a corporate card. These cards evaluate your business finances and assist you to decide on how much you should spend every month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the best interest rates on business loans, and are also able to provide useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Some cards offer rewards for purchases and travel and others can be used to improve your credit score.
Apart from the top business credit cards from Chase, there are other credit card issuers you can use. You must also think about what you intend to do with the credit card. It is important to select the best business credit card that meets your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a great option. The card provides solid rewards for various categories of purchases and even covers mobile phone expenses.