Accepted Credit Score
Limited History
Brex Corporate Card for Startups
Editor’s Take
John Kiernan, Credit Card Editor
September 20, 2021
Review: Brex Credit Card
The Brex Corporate Card for Startups is a business credit card with no personal guarantee for companies that have at least $100,000 in the bank. It has a $0 annual fee, a 0% foreign transaction fee and plenty of rewards. Those rewards include an initial bonus of up to 50,000 points, as well as ongoing earning rates of 1 - 7 points per $1, depending on the purchase category. Cardholders even have the option of earning special work-from-home rewards during the COVID-19 pandemic.
Unlike most small business credit cards, which hold the business owner personally liable for account balances and thus check new applicants’ personal credit reports, Brex focuses its underwriting on the actual business. That’s why companies need all that cash in the bank to qualify for the Brex Credit Card – to prove they’re capable of paying the bills. And if you do manage the Brex Card responsibly, your business credit standing will benefit, as Brex reports payment information to Dun & Bradstreet and Experian.
The Brex Credit Card has other useful features, too. For example, you can give cards with customizable spending limits to employees. Brex also claims to give far higher limits than most corporate credit cards. Below, you can find more information to help you decide whether or not applying for the Brex Card would be a good move for your business.
Brex Credit Card Review Highlights
Unlike most small business credit cards, which hold the business owner personally liable for account balances and thus check new applicants’ personal credit reports, Brex focuses its underwriting on the actual business. That’s why companies need all that cash in the bank to qualify for the Brex Credit Card – to prove they’re capable of paying the bills. And if you do manage the Brex Card responsibly, your business credit standing will benefit, as Brex reports payment information to Dun & Bradstreet and Experian.
The Brex Credit Card has other useful features, too. For example, you can give cards with customizable spending limits to employees. Brex also claims to give far higher limits than most corporate credit cards. Below, you can find more information to help you decide whether or not applying for the Brex Card would be a good move for your business.
Brex Credit Card Review Highlights
- Initial Bonus: 30,000 points for spending $3,500 or 50,000 points for spending $9,000 in 30 days.
The Brex Card’s bonus is worth about $300 or $500, depending on which spending threshold you reach. The average initial bonus on a credit card is $209 in terms of cash back or 27,928 points/miles.
- Ongoing Rewards: 1 - 7 points per $1.
Normally, cardholders earn 7 points per $1 spent on rideshare and taxi purchases, as well as 4 points per $1 spent on travel booked through Brex, 3 points per $1 on dining and Apple products purchased through the Brex Portal, 2 points per $1 on recurring software purchases, and 1 point per $1 spent on everything else.
During the COVID-19 pandemic, cardholders also have the option of switching to a work-from-home rewards framework: 7 points per $1 spent on remote collaboration tools, 3 points per $1 on food delivery, 2 points per $1 on recurring software purchases, and 1 point per $1 on everything else.
- Annual Fee: $0.
The average credit card charges $21 per year, and many business credit cards cost several times as much.
- Credit Limit: Determined based on cash raised, company equity and company spending.
Most business credit cards base spending limits on the business owner’s or representative’s personal creditworthiness and ability to pay.
- Payments: Deducted automatically from your company’s designated bank account.
You cannot carry a balance from month to month with the Brex Card, which means there’s no interest rate.
- Foreign Fee: 0%.
The average foreign transaction fee on a credit card is 1.45% of every purchase processed internationally.
- Card Network: Mastercard.
The Brex Card is a Mastercard, which means it can be used pretty much anywhere in the world that accepts credit cards and debit cards.
- Cash Advances: Not allowed.
One reason the Brex Card is safer than a traditional debit card, according to the Brex website, is that it can’t be used to withdraw cash. However, the account is still connected to a business bank account, which could be drained via non-cash transactions if you’re not careful. Fortunately, cardholders are not liable for unauthorized transactions.
This Brex Credit Card review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
September 20, 2021
Brex Credit Card's Rewards
- 30,000 points after spending $3,500, or 50,000 points after spending $9,000 in 30 days.
- Up to 30,000 additional signup bonus points after hitting Brex Cash milestones: 10,000 points after spending first $3,000 and 20,000 points after connecting payroll to Brex Cash.
- Rewards on all card spend. No fees on anything, just points on everything—like 7x on rideshare or 3x on restaurants.
- Earn 7 points per dollar on rideshare/taxi, 4 points on travel booked through Brex Travel.
- Earn 3 points on restaurants/dining and Apple products.
- Earn 2 points on recurring software subscriptions. 1 point per 1 dollar on everything else.
- WFH Rewards Option: 7 points per dollar on remote collaboration tools (zoom,etc). 3 points per dollar on food delivery (uber eats, etc). 2 points per dollar on recurring software. 1 point per dollar on all other purchases.
Brex Credit Card's Key APRs & Fees
|
Purchase Intro APR
|
Transfer Intro APR
|
Regular APR
|
|---|---|---|
| Not Offered | Balance Transfers Not Allowed | Not Applicable |
|
Purchase Intro APR
|
Not Offered |
|---|---|
|
Transfer Intro APR
|
Balance Transfers Not Allowed |
|
Regular APR
|
Not Applicable |
| ANNUAL FEE
|
$0 |
|---|
Brex Credit Card's Additional Info
| MAX LATE FEE
|
Not Applicable |
|---|---|
| MAX OVERLIMIT FEE
|
Not Applicable |
| MAX PENALTY APR
|
Not Applicable |
| GRACE PERIOD
|
0 days |
| ONLINE RESPONSE
|
Yes |
| CASH ADVANCE APR
|
Not Applicable |
| CASH ADVANCE FEE
|
Not Applicable |
| FOREIGN TRANSACTION FEE
|
0% |
| SMART CHIP
|
Yes, unknown |
- Instant payouts. Connect your Amazon seller account and access instant payouts within minutes of being approved for your Brex account. Get paid faster and keep the sales coming.
- Open an account online in 10 minutes. Get an account number, routing number, and credit cards instantly upon approval.
- No personal guarantee. Get 10-20x higher credit limits than traditional corporate cards without putting your personal credit on the line.
- FDIC-insured. Protect your cash with FDIC insurance up to $250,000 offered through Brex Cash program banks.
- Receipts match automatically. Just reply to a text or notification with a photo or forward an email receipt to match it to an expense.
- Free to send wire transfers. No fees to send unlimited checks, ACH, and wire transfers—even internationally.
- Built-in integrations. Save hours with QuickBooks, Xero, and NetSuite, Concur, Expensify, Gusto, and Rippling integrations.
- Last updated on 9/20/2021
at Brex's
secure site
Related Credit Card Categories
Brex Corporate Card for Startups is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about Brex Corporate Card for Startups to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Does the Brex Corporate Card do a hard pull on my business credit report? Reply 2votesvotes
Selena Patterson
@selena_pat
The Brex Corporate Card will not do a hard pull on your business credit report.
2
Upvotes
Brex Credit Card Reviews
Share your insights and review the Brex Corporate Card for Startups.
Mar 17, 2021
Account took forever to be approved and a week or two to be set up. And then two weeks later it was suddenly closed by Brex. They gave no reason and I no way to access my funds. I have called, email, and reached out on their chat for the last 5 DAYS with minimal response. They cannot tell me why my account was closed and they will not give me access to my business funds.They have stopped my business and the customer service made it very clear that they don’t care. All they can tell me is that “Some team has to get together to meet about it,” and they say that every day. When I ask for an ETA I get sometimes 1 business day to two weeks?!?!? When I ask why my account was closed they respond that it is “proprietary information.” When I ask why I don’t have access to my funds they state that the “Team has to meet”. Getting Brex is my biggest regret when starting my business. DON’T get Brex, they are no friend to the small business owner.… show more
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Last updated on: Sep 20th, 2021 at 13:02 ET
Related Credit Card Categories
Brex Credit Card is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Sep 20th, 2021 at 13:02 ET