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?” The answer is a resounding yes however, the process of obtaining a business credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining an credit card.
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Brex provides a range of financial services including corporate credit cards, spend management and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. The applicants don’t have to pay interest and don’t have to provide a personal guarantee. Rather, applicants are evaluated by company business model and spending patterns.
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. Each day the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can earn four points when you travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. It comes with a myriad of benefits including a standard 1.5% cash back rate on all purchases. The card is free of annual fees and does not have any other requirements than having a high credit score.
For businesses that are just starting out benefiting from a business credit card that is low-interest are a great deal. A business credit card that comes with additional security might be a viable option.
A low-interest business credit card are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll be able to afford each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new companies. It has many advantages, including a large reward for signing up as well as purchase protection as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions to be found and the spending cap may be too low for your company. In addition, it’s not exactly the most generous points-earning feature.
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On the other hand it is worth noting that the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage, and a shopping protection. If you’re a small-sized company owner, you’ll certainly enjoy these benefits.
Additionally to that, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this case for example, if you spend $500 on purchases with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking a business card. This type of card comes with numerous benefits and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software and enables users to quickly view the financial expenses. The software lets you create a budget, limit spending and even request money. You can also set the spending limit for your employees.
Divvy also offers a corporate credit card. These cards review your company finances and assist you to determine how much you should spend every month. In contrast to traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for shopping and travel as well as other cards that can be used to help improve your company’s credit score.
Aside from the best business credit cards offered by Chase There are other credit card issuers that you can choose from. You should also think about the method of use for the credit card. It is crucial to choose the appropriate business credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card is a good option for earning rewards for various categories of purchases and even covers mobile phone bills.