If you’re starting a business, 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 applying for a business credit card can be a bit overwhelming and confusing. Here are some points you should be aware of about the process of obtaining a credit card.
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Brex 30
Brex offers a wide range of financial services, including corporate credit cards, 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 that can help startups build their credit history. Applicants don’t pay interest or offer a personal guarantee. Instead, applicants are assessed by company business model and spending habits.
Customers can get up to 100 percent credit limit. This limit is determined by the amount of money in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards by using the Brex Corporate credit card. For instance, you’ll get four points on 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 business credit card that can also be used as a spending management tool. The card comes with a variety of benefits including a flat 1.5 percent cash back rate on all purchases. There are no annual charges, and the card doesn’t require other requirements except for an excellent credit score.
For a startup business it is possible to reap the benefits of a business credit card that is low-interest are a great deal. A business credit card with additional protection may be an option.
One of the main features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay every 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 most popular business credit cards designed for entrepreneurs. It provides a wide range of advantages, including an excellent sign-up bonus purchase security, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions available, and the spending cap could be too low for your company. It’s also not the best points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance in addition to primary car rental insurance as well as a shopping security. These benefits are perfect for small business owners.
Additionally, the Ink Business Preferred Card is a great method to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if you make a purchase of $500 to your card in the first three months, you’ll get a welcome bonus of 100,000 points.
Divide
If you’re a startup business owner looking for an account for business credit you might want look into Divvy. This card comes with a wide range of advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible alongside any other accounting software that allows users to view their financial expenses. The program lets you create a budget, restrict spending, and request funds. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business finances and assist you to determine how much you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best rates of interest for business loans, and also provide valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and travelling while others can be used to help to build credit for your business.
There are a variety of credit card issuers you could choose from, including Chase. You should also think about the way you intend to use the credit card. It is essential to locate an enterprise credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card gives you solid rewards for a variety of purchase categories and even covers mobile phone costs.