If you’re thinking about starting your own business, the most important question is “Can I get my business credit card?” Although the answer is yes it can be a bit difficult and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining the credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit score. Applicants don’t pay interest or provide a personal guarantee. Instead, applicants are assessed by the company’s business model and spending patterns.
Customers can get up to a 100 percent credit limit. This limit is determined based on the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards when you use the Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management system. The card offers a slew of benefits, including a flat 1.5% cash back rate on all purchases. The card has no annual fees and does not have any other requirements than a good credit rating.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. A business credit card that offers additional protection may be an option.
One of the most important features of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about the amount you can afford to pay off each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It offers many advantages, such as a huge reward for signing up along with purchase protection, as well as travel benefits. However, it also has some drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions available, and the spending limit may be too low for your company. It’s not the most efficient points-earning feature.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance, and a shopping protection. If you’re a small-sized business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case, if you spend $500 on purchases with your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy
If you’re a business owner looking for an account for business credit you might want to look into Divvy. This type of card offers various benefits and features. It also lets you track your business expenses.
Divvy works with external accounting software, and allows users to easily view financial expenses. The software lets you make a budget, limit spending, and request funds. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s finances and decide how much you’ll need to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest on business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and traveling and some can be used to help to build credit for your business.
There are numerous credit card issuers you could choose from, such as Chase. You must also think about how you will use the credit card. It is essential to locate the right business credit card that will meet your specific needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a great option. This card provides solid rewards on various purchase categories and even will pay for employees’ cell phone bills.