Low-rate cards save money, while premium cards have higher fees but offer rewards. You apply online via Amex’s website, providing your ABN, financials, and director IDs. The process involves credit checks, with approval typically within days, enabling quick card access.
Best for Bonus categories that sync with your spending
- The other important thing for a credit card to make your accountant’s life easier is that they have easy read-only access and log in access in their portal.
- All you need is an EIN and $25,000 in a business bank account to qualify, and there’s no credit check or personal guarantee.
- The card also has some of the most comprehensive airport lounge access that’s available with a credit card.
- Our step-by-step guide to applying for a business credit card can help you do this.
- The BILL Divvy card is a charge card that integrates into the BILL expense management platform.
Choosing the right charge card can significantly impact your company’s operational efficiency and bottom line, making it crucial you find the best business charge card for your organization. The best options offer high credit limits, meaningful rewards for spending, spend controls, and expense tracking, and in this accounting for startups article, we’ll break down the best business charge cards available. Using a business credit card provides a financial cushion when cash flow is tight.
NAB Low Rate business credit card
Brex also has a custom rewards program that’s available to companies with 50 or more Brex users who also will meet minimum spending requirements. The card also has some of the most comprehensive airport lounge access that’s available with a credit card. The Ink Business Preferred® Credit Card is an excellent business card with useful benefits, valuable rewards https://www.citybiz.co/article/785736/the-real-value-of-accounting-services-for-startups/ and a generous welcome bonus. The Ramp card has the financial tools your team needs to stay within budget while keeping fees low no matter what size startup you’re running. You’ll get the power of a financial team without having to hire any extra staff in the Ramp Corporate Card. With the Brex Corporate card, you can choose to pay daily or monthly with those opting to pay daily receiving more reward opportunities.
Volopay corporate cards: Powering startup growth and efficiency
And if I feel really bad about it, because I have to call and email the founders and say, “Guess what? They’re just built on bad technology, really kind of like 1980s, 1990 stuff, and are not built for portal access and multi-tenant access for like companies like us that serve hundreds of startups. However, Ramp has been out-innovating Brex in the expense management category for the past year or so. This makes Ramp a serious contender for any founder who knows that they will rapidly be scaling the team and provisioning cards for many employees.
Chase Ink Business Preferred Credit Card
- Revolut corporate cards offer startups flexibility with virtual and physical cards.
- We recommend Ramp at the moment, they have moved ahead of Brex’s expense management features.
- Australian providers like Volopay require this to confirm your startup’s legal status, ensuring compliance with local regulations.
- If you’re approved for this card, you’ll need to supply a minimum $1,000 security deposit.
- With expense tracking and employee card options, it’s ideal for Australian startups managing tight budgets while scaling operations.
Luckily for Amex Blue Business Cash card holders, the APR range is in line with other credit cards in this range and is not unfair by any means. If you’ll need to carry a balance on your business credit card, check out the American Express Blue Business Cash card. You’ll have a full year before you’ll have to start paying interest on your monthly balance. Ramp gives your startup everything you need to manage spend—corporate cards, expense tracking, and bill pay—while saving up to 5%1.
