Rates and Fees
|Purchase APR||All charges made on this charge card are due and payable when you receive your periodic statement.|
|Rewards Rate||7x on rideshare, 4x on travel, 3x on restaurants, 2x on software subscriptions & 1 point per dollar on all other purchases.|
- 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
- Brex cards are issued on the Mastercard network. Enjoy worldwide acceptance with 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
- Exclusive signup offers from the best providers in the startup ecosystem (e.g. AWS, Google Ads, WeWork, Salesforce) worth over $50,000 in value
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
- For exclusive corporate accounts, earn
- 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
- Purchases are payable upon receipt of the billing statement
- No intro offers
- No promotional offers
Summary of the
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.
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 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 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 ?
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 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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