For those who are just beginning a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes but it can be challenging and overwhelming to apply for a business credit card. Here are a few tips to be aware of the process of applying for a credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit score. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are assessed by company business model and spending habits.
Credit limits of up to 100 percent are available to applicants. The limit is based on 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.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points for booking travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management tool. The card comes with a variety 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 other than having a high credit score.
For businesses that are just starting out one of the advantages of using a business credit card that is low-interest could be very appealing. You may also look into a business credit card with additional protection.
Business credit cards with low interest are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It comes with a range of advantages, including the highest sign-up bonus, purchase protection, as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR deals and the spend limit may not be appropriate for your company. In addition, it’s not exactly the most generous points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers several other valuable features, including liability coverage as well as primary coverage for car rental and a shopping protection. If you’re a small-sized company owner, you’ll certainly get these benefits.
Furthermore, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if you add $500 worth of purchases to your card during the first three months, you’ll receive the welcome bonus of 100,000 points.
Divide
The Divvy is a great option for entrepreneurs who are starting their business and looking for business cards. This card comes with a wide range of advantages and features. It also allows you to monitor your business expenses.
Divvy can be used with accounting software and enables users to view their the financial expenses. The program lets you make a budget, limit spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards look at your company’s finances and determine how much you’ll have to spend each month. In contrast to traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travelling 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, including Chase. However, you should think about how you will make use of a particular credit card. It is important that you choose the appropriate business credit card to meet your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a fantastic option. This card offers solid rewards on a variety of purchase categories and even will pay for employees’ cell phone bills.