For those who are starting 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 it can be confusing and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for the credit card you need.
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Brex 30
Brex offers a variety of financial products, 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 establish their credit histories. Applicants don’t pay interest or need to provide personal guarantees. Instead applicants are evaluated 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 of money a customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn rewards using the Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card comes with a host of benefits including a standard 1.5 percent cash back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements other than having a high credit score.
A low-interest business credit line is a great option for businesses that are just starting out. It is also possible to look into a credit card for business that provides additional security.
One of the key benefits of a business low-interest credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford 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 for startups. It comes with a range of advantages, including the highest sign-up bonus, purchase security, and travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your business. It’s not the most efficient points-earning feature.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance, primary coverage for car rentals shopping protection, as well as primary coverage for car rental. These perks are great for small-scale business owners.
Additionally, the Ink Business Preferred Card is a great opportunity to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. For example, if you make a purchase of $500 to your card in the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy
The Divvy is a great option for startup business owners seeking a business card. This card comes with a wide range of benefits and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software and enables users to easily view the financial expenses. The software allows you to create a budget, limit spending and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards analyze your business finances and assist you to decide how much money you’ll need to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best interest rates on business loans, and they can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Certain cards provide rewards for purchases and travel, while others can be used to boost your credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that you can choose from. But, you must consider the manner in which you make use of a particular credit card. It is important to select a business credit card that meets your specific needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card offers solid rewards for various purchase categories and even will pay for employees’ mobile phone costs.