Ramp Visa® Corporate Card review: Great for managing expenses

To calculate this card's first-year value vs. ongoing value, we assumed the top 1.5 percent cash back rewards based on an annual spend of $22,500. (While this card offers partner discounts, these discounts will vary by business so are not factored.) The welcome offer instantly boosts value upon approval, with value remaining consistent going forward. Here’s a look at how much value you can expect to earn based on our card value rating methodology.

The Ramp Corporate Card is ideal for organizing and managing complex business needs. Your business won’t need to pay fees and can earn an easy welcome bonus. 

Perks: Standout expense management and discounts

Business and expense management tools generally come standard with the top business cards, but the Ramp card's automated features are notably better. The card categorizes expenses and account reconciliation by instantly collecting receipts at the time of purchase and allowing employees to easily submit expenses, then automatically matching them to the right transaction and syncing with accounting software. It also uses AI technology to analyze your spending data to find ways to help save money and project future spending more accurately.

Ramp also makes it simple to maintain full control over company spending and monitor transactions in real time with spending and time limits. To streamline the approval process for purchases, requests are sent directly via email, text or Slack. You can also enable automatic declines of unauthorized purchases.

Other benefits that stand out include the possibility of getting a high credit limit without a personal guarantee, making it ideal for managing expenses for larger businesses. Ramp also offers virtual cards and physical cards for employees for no additional cost. 

Partner discounts

Ramp partners with several merchants, such as Amazon Business Prime and UPS, to offer discounts in the following areas:

• Accounting and finance

• Business operations

• Legal and compliance

• Data, infrastructure and analytics

• People operations and administration

• Productivity and collaboration

• Sales and marketing

• Travel

These partner offers can save significant money if you happen to need a decent amount of services offered, especially if your business is just getting started. 

Rates and fees: No fees or personal guarantee 

The Ramp Card doesn’t charge an annual fee or have an APR, since it’s a charge card. However, this also means your business can’t carry a balance on the card. Combining the lack of fees with a potentially high credit limit can boost your business’ spending power greatly, as long as you have the means to pay in full every month.

It’s a rare business card that doesn’t require a personal guarantee or credit check to open, meaning you won’t be liable if your business fails. Instead, Ramp considers business cash flow and revenue to determine your credit limit. So if your business is doing well, you can get the card even if you have poor credit.

Welcome offer: Easy boost

The welcome offer for the Ramp Card is as easy as it gets — open the card, get $250. There’s no spending requirement, making this bonus a quick win and nice incentive to open the card. Although you can find much higher welcome offers, those come with spending requirements to earn. 

Many business and corporate cards outshine the Ramp Card with better and more transparent rewards rates to add extra value.

Rewards: Best rates aren’t guaranteed

Ramp previously offered a flat 1.5 percent cash back rate to all cardholders. After May 2024, rewards rates are now determined by the creditworthiness of your business and can range from 1 percent to 1.5 percent cash back. Even if you get the highest rate, there are plenty of business cards that offer 2 percent cash back or bonus categories. If you’re getting the Ramp Card, it should be because you need the business management tools, not for the rewards.

Eligibility: Strict restrictions

The Ramp Card is only available to corporations, limited partnerships and LLCs. Your business must also conduct the majority of its spending in the United States and have at least $25,000 in a U.S. business bank account. If you're a sole proprietor or just looking for a card for a side hustle, you won't qualify for this card. However, if you're in that category, you might benefit more from a card with a higher rewards rate or, if you fly frequently, better travel perks.

While the Ramp Card stands at the top of expense management, you'll find much better rewards rates and redemption options on other business cards. Here are some to consider.

The Ramp Visa® Corporate Card offers great options to manage expenses. While it lacks in many other areas, it can be ideal if you have a solid business with significant spending. But if you are looking for significant travel benefits or want to maximize your spending, another card might deserve a place in your wallet. Consider this card if you:

• Prefer to automate expense management

• Want AI-driven insight to project future spending

• Have less-than-ideal personal credit but solid business cash flow

The Ramp Corporate Card is a solid choice for expense management. Here are two other options which might work better for your business, especially if you have good credit.

Ink Business Unlimited® Credit Card

Best for purchase intro APR offer

BILL Divvy Corporate Card

Best for rewards

*The information about the Brex Card have been collected independently by Bankrate. The card details have not been reviewed or approved by the card issuer.​​

Our proprietary card rating system takes into account a mix of factors when scoring business credit cards, including each card’s rewards rate, estimated annual earnings, welcome bonus value, APR, fees, perks and more.

We analyzed over 50 of the most popular business credit cards and scored each based on how its key features stacked up compared to those of other cards in its category.

Here are some of the key factors that gave this card its score: