For those who are just beginning the business of their own, one of 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 obtaining an official business credit card can be overwhelming and confusing. Here are a few things you need to know about the process of getting an credit card.
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Brex offers a variety of financial services , including corporate credit cards spending management, as well as expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The cardholders don’t have to pay any interest and don’t need to offer a personal guarantee. Instead applicants are evaluated on their budget and business model.
Credit limits of up 100 percent are permitted for applicants. This limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management system. It offers a wide range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees, and the card doesn’t require other requirements, aside from having a high credit score.
A business credit card with a low-interest rate is a great option for those who are just starting out. A business credit card that offers additional security could be a viable option.
Business credit cards with low interest are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you can afford each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It comes with a range of benefits, including the highest sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions and the spending limit may not be appropriate for your company. This isn’t the most efficient points-earning feature.
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On the other hand the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping protection. These benefits are perfect for small-scale business owners.
Moreover it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. In this case the case of spending $500 on purchases with your card in the first three months, you will be awarded a 100,000 points welcome bonus.
If you’re a start-up business owner in search of an enterprise credit card You might want to consider Divvy. This card comes with a wide range of benefits and features. You can also monitor your business expenses with this card.
Divvy can be integrated with any external accounting software that allows users to see their financial expenses. You can then create budgets, set maximum limits and request money. It also lets you set an expense limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business’s finances and determine the amount you’ll need to spend each month. As opposed to traditional business credit card, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest on business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for travel and shopping while others can be used to help build your business’s credit.
There are many credit card issuers that you can choose from, such as Chase. However, you should think about the manner in which you make use of a particular credit card. It is important to find a business credit card that suits your specific requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent option. The card gives you solid rewards on various purchase categories and even covers employees’ cell phone bills.