For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of applying for the business credit card could be a bit overwhelming and confusing. Here are a few things to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit score. Applicants don’t pay interest or provide a personal guarantee. Instead applicants are evaluated based on their company’s budget and business model.
Customers can get up to 100 percent credit. This limit is determined based on the amount of cash in a 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. For example, you can earn four points on trips booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management solution. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card does not have annual charges and doesn’t need any other qualifications other than a good credit rating.
A business credit card with low interest is a great option for startups. A business credit card that comes with added security may be an option.
One of the primary features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll be able to pay off each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup businesses. It comes with a variety of benefits, including a high reward for signing up and purchase protection as well as travel perks. However, it also has a few 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 company. It’s also not the most effective point-earning option.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance as well as primary coverage for car rental and a shopping protection. If you’re a small business owner, you’ll definitely benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you’ll earn three points per dollar you spend. For example, if you make a purchase of $500 to your credit card within the first three months, you’ll receive the welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of an account for business credit, you may want to consider Divvy. This card offers a variety of advantages and features. You can also monitor your business expenses with this card.
Divvy can be integrated with any accounting software that allows users to monitor their financial expenses. The program allows you to create a budget, restrict spending, and request funds. In addition, Divvy allows you to set a maximum spending limit 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 spend every month. Unlike traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the best rates of interest on business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash or cash back. Some cards offer rewards for travel and shopping and some can be used to increase your business’s credit.
There are numerous credit card issuers to select from, including Chase. You should also consider the way you intend to use the credit card. It is essential to find the right corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card is a good option for earning rewards for various categories of purchases and even covers mobile phone expenses.