For those that are starting a business, one 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 an official business credit card can be confusing and overwhelming. Here are some things you need to know about the process of obtaining credit card.
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Brex provides a range of financial services , including corporate credit cards along with spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups build their credit history. It doesn’t charge interest or provide personal guarantees. Instead the applicants are evaluated based on their business model and spending habits.
Credit limits up to 100 percent are permissible for applicants. The limit is determined by the amount of money that is 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 with the Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also get three points for dining.
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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 offers a slew of benefits, including a flat 1.5% cash back rate on all purchases. The card does not have annual fees and doesn’t require any other conditions other than having a credit score of at least.
A low-interest business credit card is a great choice for startups. A business credit card that comes with additional protection may be an option.
One of the key benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about how much you can afford to pay off every month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers many advantages, including a large sign up bonus and purchase protection as well as travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR deals and the spend limit may not be appropriate for your business. Furthermore, it’s not the most generous points-earning option.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage, primary car rental coverage as well as a shopping security. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you can earn three points per dollar you spend. In this instance when you spend $500 on purchases on your card within the first three months, you’ll get a 100,000 point welcome bonus.
The Divvy is a great option for entrepreneurs who are starting their business and seeking an enterprise card. This type of card offers numerous benefits and features. You can also monitor your business expenses with this card.
The Divvy app can be used with any accounting software to allow users to look at their financial expenses. The software allows you to set a budget, limit spending and even request money. It also lets you set an expense limit for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine how much you’ll need 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 important to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Some cards offer rewards for travel and shopping as well as others that are able to help build your credit score.
Apart from the top business credit cards from Chase but there are many other credit card issuers are available to. However, you must think about the ways you will use a particular credit card. It is vital to select the correct business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. The card gives you solid rewards on various purchase categories and even covers employees’ cell phone bills.