It’s totally free to use (no annual fee), you get rewards and it has a much more comprehensive feature set, giving you the ability to create virtual credit cards for each vendor with spending limits. Categorize it and when integrated with Quickbooks Online, it will automatically reconcile your books for you. Airbase’s program offers 2.25% cash back to your startup when you use credit cards, and 1.75% cash back on debit cards, and these cards are available to all Airbase customers. For startups, though, it’s important to note that they’re also available with the Airbase Essentials program, which is free for companies with fewer than 100 employees.
Getting a Business Credit Card for your startup
You can delegate this responsibility to team leaders and department heads as your organization grows. It goes a step further with powerful spend tracking and expense management tools, too. It’s an impressive tool that every growing business should think seriously about adding. In-fact, BILL actually used to use MasterCard and switched to Visa (like that of Ramp) to have more product functionality. The company partners with several of the largest U.S. financial institutions, including the majority of the top 100 U.S. accounting firms, and popular accounting software providers.
Ramp
Those who set up consistent automatic payments will receive higher reward points for purchases on eligible categories. BILL Divvy Corporate Card is a good card for beginning entrepreneurs building business credit because it has very low fees with good rewards. Below is a list of all the features and fees you can expect when using the card.
- Ramp requires that your business have at least $75, 000 in a business bank account and Ramp has no credit score requirements.
- You must draw at least 30% of your available credit to earn rewards in any given billing period, and your actual earn rate depends on your repayment frequency.
- I analyze business bank accounts and small business credit cards for a living.
- The beauty of these top five corporate cards is that they all integrate with certain accounting software.
- The only way to identify the best business credit cards for your startup is to determine the most important needs of your business and compare your options accordingly.
Customizable options and controls
Zeni Inc is not licensed, nor exempt to provide any payment services in the US. What sets Zeni apart is its ability to provide real-time financial visibility and insights while automating time-consuming tasks. Fortunately, all these five cards have you covered accounting for startups with fraud protection for all users. Keep in mind that there are likely additional factors that these companies will review to determine whether you qualify. The platform already works seamlessly with Quickbooks, and they are in the process of adding Xero to the list.
- If you’re looking for a business bank though, we use, love, and highly recommend Mercury.
- It competes against several small-business credit cards and loan providers, each with its own strengths and weaknesses.
- In other words, the full balance must be paid off completely before the next billing period begins.
- Founders not only earn cashback, but also benefit from having everything—expense tracking, financial reporting, and AI-powered bookkeeping—under one roof.
- It integrates with our other products and services, and like many of them, its capabilities are enhanced by AI, facilitating streamlined reporting and a faster month-end close.
Brex reduces human involvement across categorization, approvals, and compliance. Bill automates the flow but leaves decisions and clean up to your team. It uses email matching, merchant data, and machine learning to attach receipts automatically. Missing items get flagged for follow-up, but most are handled in the background.
While BILL Divvy excels at departmental budgeting and spend controls, Rho provides a more comprehensive banking solution with features like international payments and working capital optimization. However, Rho’s corporate credit card requires a higher minimum balance at $50,000 and offers lower cash-back percentages than BILL Divvy. Airbase competes with other companies that offer corporate cards and expense management, like Brex, Ramp, Expensify, Bill.com, and Divvy. Airbase offers very robust expense management software that helps companies simplify expense reimbursement and reconciliation.
- While there aren’t a ton of bells and whistles, it automatically integrates with your Stripe account, providing expense reporting and management tools you should be familiar with.
- There’s no hard ceiling as your business scales, and so does your spending power.
- Mercury is a fintech company that provides banking and treasury services specifically designed for startups and technology companies.
- Spendesk incorporates a variety of financial tools into one helpful platform.
- Like BILL Divvy, Ramp is a comprehensive expense tracking and management platform with a corporate charge card attached.
- Brex and BILL Divvy target slightly different segments of the market.
The Rho Corporate Card offers an easy way to smooth out cash flow. The company’s expense management and simple reconciliation features make managing business spending easier. Plus, businesses looking to maximize potential rewards can take advantage of the Rho Platinum Card by combining banking and corporate cards to access 2% cash back as well as additional features. Divvy, recently acquired by Bill.com, offers an all-in-one platform for spend https://jt.org/accounting-services-for-startups-enhance-your-financial-operations/ management, including expense management and AP management solutions.