Brex Card Rewards
The Brex Card ranks among WalletHub’s editors’ picks for the best business credit cards overall, thanks in large part to its rewards. Plus, if you apply through WalletHub by clicking the orange “Apply Now” button on our Brex Card page, you can get a unique initial bonus that caters to both low-spending and high-spending business owners: 30,000 points for spending $3,500 or 50,000 points for spending $9,000 in 30 days.
On top of that, you can get an additional 10,000 points after you spend your first $3,000 within the first 90 days.
If you don’t apply through WalletHub, the card’s regular bonus is just 10,000 points for spending $3,000 in the first 90 days.
When it comes to ongoing rewards, the card gives 7 points per $1 on rideshare/taxi, 4 points per $1 on travel booked through Brex Travel, 3 points per $1 on restaurants and Apple products, 2 points per $1 on recurring software subscriptions, 1 point per $1 on all other purchases. Each point is worth around 0.6 cent to 1 cent, depending on how you redeem, according to our research.
Key Things to Know About Brex Card Rewards
- No limit: There isn’t any limit to the amount of rewards you can earn.
- Expiration: Brex Card rewards do not expire as long as your account stays open and in good standing.
- Redemption options: You can redeem your points for cash back, gift cards, a statement credit, travel, executive coaching, mental health care programs, offsite meetings and retreats, and Inkle accounting and tax software.
- Transfer partners: You can transfer your points, usually at a 1:1 ratio, to the loyalty programs of seven airlines: Emirates, Avianca, Singapore Airlines, Air France, Aeromexico, Cathay Pacific and Qantas.
Brex Card Travel Benefits
MasterRental Insurance Coverage
When you rent a car using your card, you receive coverage against collision damage and theft, up to the actual cash value of most rental vehicles. To receive this coverage, you must pay for the whole rental with your card and decline any insurance the rental agency offers.
You can learn more about this card’s coverage here on WalletHub. You can also check out our Credit Card Rental Car Insurance Study to learn more about this benefit.
0% Foreign Transaction Fee
You won’t have to pay extra to make purchases from foreign merchants, either while abroad or online. That’s great for companies that need to take business trips to visit foreign clients or import materials.
Local Currency Cards
If you have employees who live in different companies, you can give them cards that allow them make transactions in their local currency and pay their statements from their local bank. According to Brex, this helps you “avoid intercompany transactions and foreign exchange fees.”
You can also customize spending limits for employees in different countries. This can help you limit what they’re able to spend to an amount that’s appropriate for their local currency and what they typically need to purchase.
Mastercard Global Service
This service provides worldwide, 24/7 assistance, helping people report cards as lost or stolen and receive replacements. If you’re in the U.S., you can call 1-800-307-7309 to reach it. Abroad, you’ll have to call a different number based on what country you’re in, which you can find at mastercard.com.
Mastercard Travel and Lifestyle Services
This group of services provided by Mastercard can improve your travel experience in a variety of ways. It includes:
- Mastercard Hotel Stay Guarantee: If you book a hotel stay through Mastercard Travel and Lifestyle Services, you get access to a concierge who will help you with any hotel-related problems 24/7.
- Mastercard Lowest Hotel Rate Guarantee: If you book a hotel stay through Mastercard Travel and Lifestyle Services and find the same booking for a lower rate online, Mastercard will refund the difference. You have to file a claim at least 72 hours before your stay.
- Dining, Entertainment & Events: You can book tables that are set aside for Mastercard cardholders at 10,000+ restaurants, as well as get special access to concerts, sporting events and nightlife venues.
- Personal Lifestyle Manager: Your Lifestyle Manager can help you book travel, make recommendations for travel experiences and more.
Brex Card Protection Benefits
Mastercard Identity Theft Protection
If you register for this free benefit, Mastercard will monitor the internet, dark web, and deep web for any signs of identity theft. Mastercard can also connect you with resolution services if you fall victim to identity theft.
It’s worth noting that WalletHub Premium also provides dark web monitoring and identity theft resolution services, along with up to $1 million in identity theft insurance.
Fraud Protection and Fraud Alerts
Brex will monitor your account for signs of fraudulent activity and alert you if it detects anything.
$0 Fraud Liability
You won’t be held liable for any fraudulent purchases that you report to Brex or that it catches.
No Personal Liability
Unlike with most business credit cards, the business owner is not held liable for debts on the Brex credit card, so their personal credit does not matter for approval. The tradeoff is that your business needs at least $50k in the bank to get approved for a card.
Other Brex Card Benefits
Over $180,000 in Partner Perks Available
As a cardholder, you get access to a variety of special offers from Brex’s partners. Notable ones include:
- $5,000 in Amazon Web Services credits
- 30% off your first 12 months of QuickBooks
- Up to 50% off shipping with UPS
- 50% off any Gusto plan for 12 months
- 25% off 12 months of eligible Slack plans
- 25% off business insurance with Vouch (with a bonus of 10k Brex points)
- 50% off your first year of business credit monitoring with Experian
- $10,000 credit for Freshworks products
Brex claims that the value of all the deals you have access to adds up to over $180,000, which is quite the savings opportunity, especially since the card costs nothing to own.
Mastercard Merchant Offers
As the owner of a Mastercard, you can access exclusive offers with various brands by visiting mastercard.us/businessoffers.
Mastercard Easy Savings Program
You can visit priceless.com/easy-savings to see a variety of special discounts with various popular merchants.
Mastercard Business Assistant
You can call 1-844-281-5031 to talk to experts who can help you with various business needs. Mastercard says that this 24/7 help line can assist with anything from installing a printer to choosing a location for a business meeting. You can also ask the Mastercard Business Assistant to call you with reminders about important events you need to remember. It’s essentially a concierge service, but for business owners.
$0 Annual Fee
The Brex Card has a $0 annual fee, which means that all the rewards you earn can go straight back into your business without having to offset a membership cost first.
Set Limits on Employee Cards
You can get employee cards and set individual limits on their spending, including restricting what categories or what merchants the employees are allowed to spend money on.
Automatic Employee Compliance
The Brex card can automatically collect receipts that comply with IRS or local tax laws. It can also generate memos and allocate your purchases to the correct account and/or project, even internationally.
Quick Approval and Instant Use
You will typically receive your application decision in minutes, and once you’re approved, Brex will instantly issue you a virtual credit card you can use before your physical card arrives.
High Credit Limits
Brex advertises 10x to 20x higher credit limits compared to traditional corporate credit cards.
Business Tool Integration
Brex can easily integrate your account information with QuickBooks, Xero, NetSuite, Concur, Expensify, Gusto, and Rippling.
Business Credit Reporting
The Brex Card reports to Dun & Bradstreet and Experian, which will help your business build credit.
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