If you’re thinking about starting your own business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes however the process of getting an official business credit card can be overwhelming and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex provides a range of financial services , including corporate credit cards along with 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 their credit history. Applicants don’t pay interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated on their company’s budget and business model.
Users can get 100 percent credit limit. This limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. It comes with a myriad of benefits, including a fixed 1.5 percent cash back rate on all purchases. The card has no annual charges and doesn’t need any other requirements than having a high credit score.
A low-interest business credit line is a great option for startups. A business credit line with additional security might be a viable option.
One of the primary benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay off every 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 top business credit cards available to start-up businesses. It comes with a variety of benefits, including a high initial bonus as well as purchase protection and travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions to be found, and the spending limit could be too low for your company. Furthermore, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features, including liability coverage primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. In this instance, if you spend $500 on purchases to your card in the first three months, you will receive a 100,000-point welcome bonus.
The Divvy is a great option for business owners who are just starting out seeking a business card. This type of credit card provides various advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with external accounting software, allowing users to easily view the financial expenses. You can then create a budget, set limits, and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your business financial situation and help you determine how much you’ll need to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest for business loans. They also offer rewards. For instance, a Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for shopping and traveling as well as other cards that can be used to help build your business’s credit.
There are a variety of credit card issuers to choose from, such as Chase. But, you must consider how you will make use of a specific credit card. It is essential to locate the best business credit card to meet your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. The card provides solid rewards for a variety of purchase categories and even covers mobile phone expenses.
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