For those who are just beginning a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of getting a business credit card can be daunting and confusing. Here are a few things to be aware of when applying for a credit card.
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Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build credit histories. The cardholders don’t have to pay any interest or offer personal guarantees. Instead, applicants are evaluated based on their company’s business model and their spending habits.
The applicants can enjoy up to a 100 percent credit limit. The limit is by the amount of cash 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 rewards when you use a 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 also be used as a spend management tool. The card comes with a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than having a credit score of at least.
A low-interest business credit line is a great option for those who are just starting out. You may also think about a business credit card that offers additional protection.
One of the most important features 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’ll be able to pay every month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It has many benefits, including a substantial sign up bonus, purchase protection, as well as travel benefits. However, it also has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any APR introductory promotions available, and the spending cap may be too low for your business. This isn’t the most efficient point-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage as well as a shopping security. As a small-scale business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example for example, if you spend $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 startup business owners looking for business cards. This card offers a variety of benefits and features. It also lets you keep track of your business expenses.
Divvy can be used with any external accounting software that allows users to look at their financial expenses. The program allows you to set a budget, limit spending and even request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business financial situation and help you decide on how much you can spend 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 important to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans. They also offer rewards. For example the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling and others can be used to improve your credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can turn to. However, you should consider the manner in which you utilize a specific credit card. It is important to find a business credit card that is suitable for your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card offers solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.