If you’re thinking of starting your own business, the first important question to ask is “Can I get my business credit card?” Although there is a yes answer, it can be daunting and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining an credit card.
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Brex provides a variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. It doesn’t charge interest or provide personal guarantees. Instead applicants are evaluated based on their business model and their spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount the customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you’ll earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management system. The card comes with a range of advantages, including a fixed 1.5 percent cashback on all purchases. The card does not have annual fees and doesn’t have any other conditions other than an excellent credit score.
For businesses that are just starting out benefiting from a business credit card that is low-interest are a great deal. A business credit card that offers added security may be an option.
One of the most important advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay each 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 most well-known business credit cards designed for entrepreneurs. It provides a wide range of benefits, such as the highest sign-up bonus, purchase protection, and travel benefits. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any initial APR offers and the spending limit may not be appropriate for your company. It’s also not the most effective points-earning strategy.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, such as liability coverage as well as primary car rental coverage shopping protection, and primary coverage for car rentals. As a small-scale business owner, you’ll definitely benefit from these perks.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. In this example the case of spending $500 on purchases on your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy is a good option for business owners in the beginning looking for business cards. This card comes with a wide range of advantages and features. It also lets you keep track of your business expenses.
Divvy is compatible with external accounting software, and allows users to view their financial expenses. You can then create a budget, set maximum limits and request money. You can also set the spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards analyze your business’ finances and help you decide on 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. It is important to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best rates of interest for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash back. Some cards offer rewards for shopping and traveling, and others can be used to to build credit for your business.
There are numerous credit card issuers you can choose from, including Chase. You should also think about what you intend to do with the credit card. It is crucial to choose the best business credit card that will meet your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. The card is a good option for earning rewards across a variety of categories and even will pay for employees’ mobile phone expenses.