For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes but it can be difficult and confusing to apply for an enterprise credit card. Here are some things to be aware of when applying for credit card.
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Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. The cardholders don’t have to pay any interest and don’t have to provide a personal guarantee. Instead, applicants are rated by the business model of the company and spending patterns.
Credit limits of up to 100 percent are permissible for applicants. The limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points to book travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. The card comes with a variety of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t have other requirements aside from a good credit score.
For businesses that are just starting out one of the advantages of using a business credit card with low interest could be very appealing. It is also possible to look into a credit card for business with additional protection.
One of the main advantages of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll be able to pay off every month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It has many advantages, including a large reward for signing up along with purchase protection, as well as travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions available, and the spending limit could be too low for your company. Moreover, it’s not the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage, primary car rental coverage, shopping protection, and primary car rental coverage. These perks are perfect for small business owners.
Moreover to that, the Ink Business Preferred Card is an excellent way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case when you spend $500 on purchases with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
The Divvy card is a great choice for entrepreneurs who are starting their business and looking for a business card. This type of card comes with a range of advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with any external accounting software that allows users to see their financial expenses. The program allows you to make a budget, limit spending and request money. It also lets you set a spending limit for your employees.
Divvy also offers corporate cards. These cards assess your business finances and allow you to 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. It is important to find out the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the highest interest rates for business loans, and can also offer useful rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping and some can be used to help to build credit for your business.
There are a myriad of credit card issuers you could pick from, including Chase. However, you must think about the way you intend to use a particular credit card. It is important to find the right business credit card that is suitable for your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards on a variety of purchase categories, and it even covers employees’ cell phone bills.