![]() $50,000 in free payment processing after the first $5,000 in spend. Rewards: Up to 2% cashback on your top two categories, automatically calculated each month.Credit Limit: Based on payment processing and bank history.Pros: Allows users to customize expense fields, budgets, and reportsĬons: Cannot set limits for receipts Stripe Corporate Cardĭescription: Instantly provision cards, manage your startup's spending in real-time, and get credit increases as your startup grows. Rewards: 7x rewards on dining, 5x on hotels, and 2x on software subscriptions, although amounts decline if you pay semi-monthly or monthly (vs.Credit Limit: Depends on bank account and payment.No personal guarantee and security deposit neededĬons: Brex only accepts VC-funded startups or those that have raised >$500K capital Divvyĭescription: The spend management solution that gives users the credit they need and the software to manage it.Integration with Accounting Softwares: Yes. ![]() ![]() Partner Discounts for Google Ads, Zendesk, Twilio Sendgrid, AWS, and WeWork. Rewards: 7x rewards on rideshare apps, 4x on Brex Travel, 3x on restaurants, 2x on recurring software.Credit Limit: 10-20x higher limits than traditional corporate cards.Geared towards well-funded startups, not smaller ventures. Top Credit Cards for Startups in 2021 Brex Card for Startupsĭescription: Credit cards, bank accounts, payments, expenses, and accounting all in one place to keep you in control of your growth.īest for: Startups with at least $50,000 in their bank account or at least $50,000 in sales each month. A Spending Limit Based on the startup’s Balance Sheet.Kruze Consulting has detailed the following factors startup founders look for when choosing a credit card: The American Express Corporate Program for Startups is an example of a corporate credit card for a startup, that provides Full Corporate Liability with no implications on personal credit scores, as well as select perks, incentives, and business resources that come with American Express Card Membership. To be eligible, the startup must be designed and registered as a C or S corporation. While most startups, like sole proprietors and DBAs, are eligible for a small business credit card, corporate cards are only available to corporations. Bundle your expenses into a single monthly billĬorporate credit cards are intended for established startups with annual revenues of a minimum of $4 million, 15 or more card holders, and estimated charges of $250,000 or more annually.For many new startups, a business credit card will probably help you get through the first year.Ĭredit cards are easy payment solutions because they: If you want flat-rate points, attractive bonuses, or even some additional time to pay, choose a card that suits your startup. It could become the one-stop shop for paying for purchases, tracking your expenditure, and taking advantage of incentives and rewards. Credit Cards for StartupsĪ new startup credit card might be exactly what you require to make your startup grow. We'll walk you through the best choices and discuss how to choose the best business credit card for your startup. This vendor review guide is ideal for those looking for a credit card for their early-stage startups. You can register for cards through your social security number rather than a tax ID or EIN if you're a small business owner or a startup founder without a registered LLC. In certain cases, a formal business arrangement is not needed to apply for a startup credit card. Great incentives such as airline points and discounts.It will often provide you with things like: How do you get business credit cards for startups?Ī good business credit card is often useful for more than just daily transactions. For startups and small businesses struggling to find funding, borrowing against a credit card could be an attractive option. Most surveys of entrepreneurs show that credit cards are among the most popular sources of startup financing.
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