If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of obtaining a business credit card can be overwhelming and confusing. Here are some tips to learn about getting a credit card.
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Brex offers a wide variety of financial services, including corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. Applicants don’t pay interest or need to provide personal guarantees. Instead, applicants are rated on the basis of their business model and spending habits.
Credit limits of up 100 percent are available to applicants. The 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 its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points to book travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management system. The card offers a slew of benefits, including a flat 1.5% cash back rate on all purchases. The card is free of annual fees and doesn’t require any other requirements other than an excellent credit score.
A business credit card with a low-interest rate is a great option for new businesses. A business credit card with added security may be an option.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you can afford each month. This is particularly important if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It has many benefits, including a high reward for signing up as well as purchase protection and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions available, and the spending limit may be too low for your company. In addition, it’s not exactly the most generous points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage and a shopping protection. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and earn 3 points for every dollar. For instance, if make a purchase of $500 to your credit card within the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
The Divvy card is a great choice for startup business owners seeking an enterprise card. This type of card comes with a range of advantages and features. It also allows you to monitor your business expenses.
The Divvy app can be used with any external accounting software to allow users to look at their financial expenses. The software allows you to create a budget, restrict spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company finances and assist you to decide what amount of money you’ll need to invest every month. Unlike traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure highest interest rates for business loans. They are also able to provide useful rewards. For example one card, the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel while others can be used to help build your business’s credit.
Aside from the best business credit cards from Chase and other credit card issuers that you can choose from. But, you must consider the ways you will make use of a specific credit card. It is essential to select the correct business credit card that meets 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 will pay for employees’ mobile phone bills.