If you are thinking of starting your own business, the most important question to ask is “Can I get my business credit card?” Although the answer is yes it can be a bit confusing and overwhelming to apply for a business credit card. Here are some things to learn about getting the credit card you need.
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Brex offers a wide 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 referred to as Brex for Startups is a credit card designed to help start-ups build credit histories. The applicants don’t pay interest or need to provide personal guarantees. Instead, applicants are evaluated by the company’s business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. This limit is by the amount of money that is in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points to book travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spending management tool. The card comes with a variety of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t require other requirements, aside from having a high credit score.
For businesses that are just starting out, the benefits of using the low-interest business credit cards could be very appealing. You may also consider a business credit card with additional protection.
One of the key advantages of a low interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about the amount you can afford to pay every month. This is especially relevant if you’re trying to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It offers a range of benefits, like an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions to be found, and the spending limit may be too low for your business. In addition, it’s not exactly the most generous points-earning feature.
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On the other side the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental as well as a shopping security. As a small-scale business owner, you’ll surely enjoy these benefits.
Furthermore that, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and earn 3 points for every dollar. For example, if you charge $500 in purchases to your card in the first three months, you’ll be eligible for an offer of 100,000 points.
If you’re a new business owner in search of an enterprise credit card You might want to think about Divvy. The card comes with a range of benefits and features. It also lets you monitor your business expenses.
Divvy is compatible with external accounting software, allowing users to easily view the financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s finances and determine how much you should 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 know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travel while others can be used to increase your business’s credit.
Aside from the best business credit cards from Chase but there are many other credit card issuers you can use. You should also consider how you will use the credit card. It is important to find the right business credit card that meets your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards on different categories of purchases and also will pay for employees’ cell phone bills.