If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes, but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are some things you should know about the process of obtaining an credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. The applicants don’t have to pay interest or provide an individual guarantee. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up 100 percent are available to applicants. This limit is determined based on the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards by 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-sized business credit card that can also be used as a spending management tool. It offers a wide range of advantages, including a fixed 1.5% cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements aside from an excellent credit score.
If you are a new business one of the advantages of using a business credit card that is low-interest are a great deal. A business credit card with additional security might be a good option.
One of the main 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 especially 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 comes with a variety of benefits, including a substantial sign up bonus along with purchase protection, as well as travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your company. It’s also not the best points-earning strategy.
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On the other hand it is worth noting that the Ink Business Preferred Card offers several other valuable features, such as liability insurance as well as primary coverage for car rental and a shopping protection. If you’re a small-sized business owner, you’ll definitely get these benefits.
Additionally to that, the Ink Business Preferred Card is a great method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. For example, if you charge $500 on purchases to your card during the first three months, you’ll receive an offer of 100,000 points.
Divvy
The Divvy card is a great choice for business owners who are just starting out looking for a business card. This type of card offers a range of advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any accounting software to allow users to view their financial expenses. You can create budgets, set the limits, and request funds. You can also set an amount of money you can spend for your employees.
Divvy also offers a corporate card. These cards assess your business finances and allow you to determine how much you’ll need to invest every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash back. Certain cards provide rewards for shopping and traveling while others can be used to boost your credit score.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers you can use. But, you must consider the way you intend to utilize a specific credit card. It is crucial to select the correct business credit card to meet your requirements.
Small business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card is a great way to earn rewards on various purchase categories and also protects employees’ mobile phone bills.