For those that are starting the business of their own, 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 obtaining an enterprise credit card can be a bit overwhelming and confusing. Here are a few things to be aware of when applying for the credit card you need.
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Brex provides a broad range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t pay interest or provide a personal guarantee. Instead applicants are evaluated based on their financial model and spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use a Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t require any other qualifications other than having a credit score of at least.
A business credit card with low interest is a great option for those who are just starting out. A business credit card with added security may be a viable 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 true if you’re looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It offers a variety of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. It’s also not the best points-earning strategy.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage, and a shopping protection. These benefits are perfect for small-scale business owners.
Moreover to that, the Ink Business Preferred Card is a great way to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. In this instance for example, if you spend $500 on purchases with your card within the first three months, you will receive a 100,000-point welcome bonus.
Divvy is a good option for business owners in the beginning looking for an business card. This card comes with a wide range of benefits and features. You can also keep track of your business expenses using this card.
The Divvy app can be used with any accounting software to allow users to look at their financial expenses. You can create 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 the amount you’ll have to spend each 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 crucial to know 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 on business loans and offer valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and travelling as well as other cards that can be used to build your business’s credit.
There are a myriad of credit card issuers you can choose from, such as Chase. However, you should consider how you will utilize a specific credit card. It is important to find a business credit card that will meet your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. This card gives you solid rewards for a variety of purchase categories and even protects employees’ mobile phone bills.