For those that are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer it can be daunting and confusing to apply for an enterprise credit card. Here are some things you should know about the process of obtaining the credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. It doesn’t charge interest or offer personal guarantees. Instead applicants are evaluated based on their financial model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is based on the amount of cash in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn valuable rewards by using a Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card as well as a spending management solution. It comes with a myriad of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t require other requirements, aside from a good credit score.
For a business that is just beginning benefiting from a business credit card with low interest are a great deal. A business credit card that offers additional security could be an option.
Business credit cards with low interest are very convenient because you don’t have to worry of managing multiple credit cards or worrying about the amount of money you can afford each month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It has many benefits, including a high sign-up bonus as well as purchase protection as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions and the spending limit might not be suitable for your company. It’s not the most efficient points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage and a shopping protection. If you’re a small-sized business owner, you’ll definitely enjoy these benefits.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. For instance, if you charge $500 in purchases to your card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
The Divvy is a great option for business owners in the beginning seeking business cards. This kind of card comes with a range of benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible with external accounting software, and allows users to easily monitor the financial expenses. You can then create budgets, set the limits, and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards review your company financial situation and help you decide what amount of money you can 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. Therefore, it’s important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the highest interest rates for business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Some cards offer rewards for shopping and travelling and some can be used to build your business’s credit.
Aside from the best business credit cards from Chase, there are other credit card issuers that you can use. You should also think about how you will use the credit card. It is important to select a business credit card that meets your specific needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. This card offers solid rewards on various purchase categories as well as will pay for employees’ cell phone bills.
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