For those who are just beginning an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of obtaining an enterprise credit card can be overwhelming and confusing. Here are some things you need to be aware of when applying for a credit card.
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Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. It doesn’t charge interest or provide a personal guarantee. Instead, applicants are rated by the business model of the company and spending patterns.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined based on the amount of money that is in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards with a Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card as well as a spending management tool. It offers a wide range of benefits, including a standard 1.5 percent cashback rate on all purchases. The card has no annual fees and does not have any other requirements than an excellent credit score.
For a startup business, the benefits of using a business credit card that is low-interest could be very appealing. You may also want to think about a business credit card with additional protection.
One of the most important features of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll be able to pay every month. This is particularly applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards available to start-up companies. It provides many advantages, including a large initial bonus as well as purchase protection along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions available, and the spending cap could be too low for your company. It’s also not the most effective points-earning program.
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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 and a shopping protection. These perks are great for small business owners.
Moreover that, the Ink Business Preferred Card is a great opportunity to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you make a purchase of $500 to your credit card during the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
If you’re a start-up business owner looking for a credit card for business You might want to look into Divvy. This kind of card comes with various benefits and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software that allows users to easily view the financial expenses. You can create budget, set limits, and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and decide how much you’ll have 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 essential to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest on business loans, and also provide valuable rewards. For example, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for travel and shopping while others can be used to help to build credit for your business.
There are a variety of credit card issuers that you can pick from, including Chase. You must also think about the method of use for the credit card. It is essential to locate the best business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. The card gives you solid rewards on different categories of purchases and also will pay for employees’ cell phone bills.