If you are thinking of starting your own business, the first important question to ask is “Can I get my business credit card?” While there is a yes answer it can be challenging and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for a credit card.
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Brex 30
Brex offers a wide variety 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 known as Brex for Startups, is a credit card that can help entrepreneurs build credit histories. Applicants don’t pay interest or require an individual guarantee. Instead applicants are evaluated on their company’s business model and spending habits.
Customers can get up to 100 percent credit. The limit is by the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn significant rewards by using the Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card offers a slew of benefits including a standard 1.5 percent cash-back rate on all purchases. The card is free of annual fees and does not have any other conditions other than having a high credit score.
For businesses that are just starting out, the benefits of using the low-interest business credit cards can be extremely appealing. A business credit card that offers additional security might be a viable option.
One of the key advantages of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you can afford to pay off each month. This is particularly true if you are planning to finance significant 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 provides many benefits, including a high reward for signing up along with purchase protection, along with travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions to be found and the spending cap could be too low for your company. Furthermore, it’s not the most generous point-earning system.
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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 car rentals. These benefits are perfect for small-scale business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and you’ll earn three points per dollar. For example, if you spend $500 on purchases made with your card in the first three months, you will receive a 100,000-point welcome bonus.
Divide
If you’re a start-up business owner in search of an enterprise credit card you might want to consider Divvy. This type of card comes with many benefits and features. You can also keep track of your business expenses using this card.
The Divvy app can be used alongside any other accounting software to allow users to see their financial expenses. You can create budgets, set the limits, and request funds. You can also set an expense limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s finances and determine the amount you can spend every month. Contrary to traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards are a way to secure the best rates of interest on business loans, and they can also offer valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling as well as other cards that can be used to build your business’s credit.
There are a myriad of credit card issuers you could select from, including Chase. However, you must think about the manner in which you utilize a specific credit card. It is essential to find the right business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on a variety of purchase categories and even will pay for employees’ cell phone bills.