If you are thinking of starting an enterprise, the most important question to ask is “Can I get my business credit card?” While the answer is yes it can be a bit confusing and overwhelming to apply for a business credit card. Here are some things you should know about the process of getting credit card.
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Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit score. Applicants don’t pay interest or require an individual guarantee. Instead, applicants are evaluated on their company’s financial model and spending habits.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount of money customers have in their 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’ll earn four points when you travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. The card does not have annual fees and does not have any other requirements than a good credit rating.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. You might also look into a credit card for business that provides additional security.
One of the most important advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It comes with a range of advantages, including an impressive sign-up bonus, purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions available, and the spending cap could be too low for your company. It’s also not the best point-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance as well as a shopping security. If you’re a small-sized business owner, you’ll surely benefit from these benefits.
Moreover that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this instance the case of spending $500 on purchases to your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy is an excellent choice for business owners in the beginning looking for an business card. This card has a variety of benefits and features. It also lets you monitor your business expenses.
Divvy is compatible with external accounting software, and allows users to easily view the financial expenses. You can create a budget, set maximum limits and request money. It also lets you set an expense limit for your employees.
Divvy also offers a corporate credit card. The cards analyze your company’s finances and determine the amount you can spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest for business loans and offer valuable rewards. For example the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling as well as others that are able to help build your credit score.
There are a myriad of credit card issuers that you can choose from, such as Chase. However, you should think about how you will use a particular credit card. It is important that you choose the appropriate corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card offers solid rewards for a variety of purchase categories and even protects employees’ mobile phone costs.