For those that are 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 yes however the process of applying for the business credit card could be confusing and overwhelming. Here are some things you need to be aware of before obtaining an credit card.
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Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The cardholders don’t have to pay any interest and don’t need to offer an individual guarantee. Instead, applicants are rated on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are permissible for applicants. The limit is determined by the amount 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. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card as well as a spending management system. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card does not have annual fees and doesn’t require any other requirements than a good credit rating.
For a business that is just beginning benefiting from a business credit card with low interest could be very appealing. A business credit line with added security may be a good option.
One of the main 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 each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It offers many benefits, including a high reward for signing up, purchase protection, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR offers and the spending limit may not be appropriate for your business. Furthermore, it’s not the most generous points-earning option.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features such as liability coverage primary coverage for car rentals shopping protection, and primary coverage for rental cars. If you’re a small business owner, you’ll surely get these benefits.
Furthermore it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. Spend in specific categories and you’ll earn three points per dollar. In this example when you spend $500 on purchases made with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
The Divvy is a great option for business owners who are just starting out looking for an enterprise card. This card offers a variety of benefits and features. You can also keep track of your business expenses using this card.
Divvy can be used with any external accounting software to allow users to look at their financial expenses. The software lets you set a budget, limit spending, and request funds. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers a corporate credit card for companies. These cards review your company’ finances and help you determine how much you can spend every month. As opposed to traditional business credit card, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travelling and some can be used to help to build credit for your business.
Apart from the top business credit cards from Chase, there are other credit card issuers you can turn to. But, you must consider the way you intend to make use of a specific credit card. It is essential to locate a business credit card that suits your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. The card gives you solid rewards on different categories of purchases as well as covers employees’ cell phone bills.