Page 187 - Winning The Credit Game Bundle (CK Patrick)
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These are, of course, just a few examples of the top recom-
mended business credit cards available to a business with Tier 4
credit. It is likely that nearly every bank and credit union offers
some kind of elite business credit card. Some may require that
your business have several million dollars in annual revenue in
addition to a stellar credit score, but others may have options
specifically for small business owners.
If these business credit cards sound interesting to you, now is
the point where you may be well-qualified to apply for them.
Take some time to research business credit card options offered
by your local banks, or those which offer industry-specific
discounts and rewards points that you may be able to use to cut
your business’s operating costs.
It’s also time to consider whether you want to seek investors
for your business. While investment capital can be a powerful
tool for fueling massive business growth, keep in mind that
investors may also ask for some control over company opera-
tions decisions, which may not be necessary for every business.
APPLY FOR A BREX BUSINESS ACCOUNT
Now that your business has some credit history from using the
strategies discussed in our Tier 1 chapter, you may qualify for a
Brex business account. A Brex account is similar to a bank
account but is superior to a typical checking account in several
ways.
Brex accounts are insured by the FDIC just like bank accounts
are, but money held in Brex accounts can be sent via ACH or
wired worldwide for free. Brex accounts also allow unlimited
users and cards to be linked to your account, offer business
rewards programs, and count toward your business credit
history.
Brex can’t replace your business bank account, but it can be
an extremely useful tool if you want to build business credit
history or make it easier to move money internationally, or make
funds available to multiple members of your business.
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