Brex Card for Startups

Advertiser & Editorial Disclosure

If a corporate charge card is something you need, the gives you a fair balance of rewards across several spending categories. With no annual fee or foreign transaction fees, it’s an affordable way to finance purchases for a full billing period and build your business credit history. Pros and Cons… Continue

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Great card for startups that meet the minimum balance required

Brex Card for Startups

Intro APR N/A
Annual Fee $0

Rates and Fees

Intro APR N/A
Purchase APR All charges made on this charge card are due and payable when you receive your periodic statement.
Annual Fee $0
Welcome Offer N/A
Rewards Rate 7x on rideshare, 4x on travel, 3x on restaurants, 2x on software subscriptions & 1 point per dollar on all other purchases.

Details

  • Perfect for tech companies and early-stage corporations with professional funding (U.S. EIN and at least $100,000 in a corporate bank account required)
  • No personal guarantee and no impact on your personal credit score
  • The best rewards for startups: 7x on rideshare, 4x on travel, 3x on restaurants, 2x on software subscriptions, and 1x on everything else
  • World Elite Mastercard® program: Advanced fraud protection, travel benefits, and no foreign transaction fees
  • Limits 10-20x higher than traditional business cards
  • Easy online application with instant approvals: Get a virtual card in 5 minutes and a physical card in the mail in 3-5 days
  • Save time with automated receipt-capture via text and email and integrations with all major accounting software
  • Build business credit: Brex partners with Experian and D&B to report your on-time payments

Nav's Verdict

Bottom Line A great card for startups that meet the minimum balance required and have cash on hand to pay in full each month.

If a corporate charge card is something you need, the Brex Card for Startups gives you a fair balance of rewards across several spending categories. With no annual fee or foreign transaction fees, it’s an affordable way to finance purchases for a full billing period and build your business credit history.

Pros and Cons

Perks include:

  • For exclusive corporate accounts, earn 7x on rideshare, 4x on travel, 3x on restaurants, 2x on software subscriptions & 1 point per dollar on all other purchases.
  • Higher credit limits than other cards
  • No personal guarantee needed
  • No personal credit scores needed
  • Build your business credit
  • No foreign transaction fees
  • Start using the virtual card right away

Cons include:

  • Purchases are payable upon receipt of the billing statement
  • No intro offers
  • No promotional offers

Summary of the Brex Card for Startups

Billed as the credit card for startups, Brex is a Mastercard powered business account that charges no interest or fees. Cardholders must pay in full every 60 days and have access to higher limits than other cards. With instant access to funds upon approval, and a robust rewards program, it’s a new charge card offering that reports to business credit reporting agencies to help build business credit without ever tapping personal credit history for approval or collateral.

Full Review

The “pay in full” credit card – or, charge card – is nothing new, but today’s entrepreneurs are getting a crack at this useful financial tool. The Brex Card for Startups boasts its reputation as the card for startup founders, claiming that it’s biggest perk is that personal credit scores and security aren’t required for approval. Instead, this card uses the sales history of the company itself for a guarantee. The card limits range from 50 – 100% of projected monthly sales, up to $5 million, much higher than typical business credit lines. Needless to say, this means that it’s a card for established startups, and not someone hoping to launch their next big idea.

There are no annual fees, and since payment in full is due when the bill comes (or 60 days post-purchase), there is no interest rate, either. Team members can have their own cards, either in virtual or plastic form; additional cards also have no annual fee. There are no foreign transaction fees, and the card comes with Mastercard’s zero fraud liability protection plan; if you didn’t make the purchase, you’re not on the hook to pay for it.

For those who are wondering, “What is Brex?” the biggest perk of this card is no doubt the access to an incredible line of credit. There are also rewards for spending, too. Cardholders can earn points per dollar on rideshare services, travel, dining out, software subscriptions, and 1 point on all other purchases. This level of earning is for cardholders who make Brex their exclusive corporate credit card; those who don’t choose to make it their exclusive card can still earn per dollar on purchases.

Rewards are paid out as a credit on travel services booked through the Brex Travel portal or as a statement credit on a specific transaction. There are also entrepreneur-friendly cardholder discounts and credits that have been arranged with popular businesses, such as Amazon web services, Google Ads, WeWork, DocSend, and Hubspot. Discounts vary from 15 – 50% off service prices, and they change regularly.  

Is the Brex Card for Startups Right for You?

This card is unique in its reward structure and higher card limits, but it’s not the only business credit card offered to entrepreneurs and startups. If you aren’t ready to commit to making it your exclusive corporate card, the rewards will seem less appealing compared to others. With a full 60 days to pay and no interest rate or annual fee, it’s an attractive offering that’s geared toward high-earning businesses ready to jump-start their growth.

Since your approval can be generated in seconds, and a virtual card is ready to be used right away, it’s a worthy consideration for anyone looking to spend big and use technology to track and categorize their spending. Startup founders were clearly the target market for this card; if you fall into that category and want to keep your personal credit matters out of your business matters, now may be the right time for Brex.

Frequently Asked Questions

Many consumers have questions about applying for the Brex credit card. Check out the answers to these top inquiries and decide if it’s the card for your unique financial situation:

What is Brex?

Brex is the company name behind the Brex corporate credit card. It was founded by Henrique Dubugras and Pedro Franceschi and is backed by the co-founders of PayPal, Y Combinator, Yuri Milner, Ribbit Capital, and the former CEO of Visa.

How do I qualify for the Brex Card for Startups?

To apply, you’ll need to be a company with a U.S. EIN (Employee Identification Number) and have at least $100,000 in a corporate bank account. Your personal credit score or personal assets are not considered for qualification. Approval odds vary, and the lender will decide if you are qualified at the time of application.

Can the Brex Card for Startups build my credit profile?

Brex partners with Experian and D&B to report your on-time payments. By being an active and responsible cardholder, you are working to improve your business credit standing, even if you don’t have much of a history.

What is a corporate credit card?

Also called a corporate “charge card,” corporate credit cards are issued to businesses with proven revenue histories and usually need to be paid within 30-60 days. Corporate credit cards rarely allow users to carry a balance past 60 days.

Are their earning limits? Do my points expire?

There are no limits to what you can earn in any category with the Brex card. Your points never expire as long as you are an active cardholder in good standing.

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About Author

Linsey Knerl

Linsey Knerl

Linsey Knerl is a Midwest-based author, public speaker and member of the ASJA. She has a passion for helping consumers and small business owners do more with their resources through awareness of the latest financial and tech services.