Brex Corporate Card for Startups review

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Snapshot

Bottom line

The Brex Corporate Card is one of the best corporate cards available to help you get started earning rewards on your startup or small business’ purchases. Its simple application process and leniency toward credit history make it a standout among more traditional business cards.

Brex Image

Brex Corporate Card for Startups

Rewards rate

1X–7X

Annual fee

$0

Intro offer

30,000 points

Regular APR

N/A

Recommended Credit Score

Excellent  (740 - 850)

The information about the Brex Corporate Card for Startups has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Brex Corporate Card for Startups Overview

If you’re a new startup or small business owner looking to build your business’ credit history and earn significant rewards on business-related purchases, the Brex Corporate Card was made with you in mind.

You’ll earn rewards on rideshares, travel, restaurants and more — all for no annual fee. Unfortunately, the card doesn’t come with a introductory APR offer, but it does have a quick and easy application process. Once approved, you can start using your new virtual card right away.

What are the advantages and disadvantages?

Pros

  • No annual fee or foreign transaction fees
  • No personal guarantee (no SSN or personal credit check required)
  • Limited credit may qualify
  • High spending limit compared to similar cards
  • Expense management tools like QuickBooks® and Expensify®

Cons

  • No introductory APR offer
  • $100,000 bank balance required to qualify for Brex

A deeper look at the current card offer

With the Brex Corporate Card, you’ll earn 7X points on rideshares, 4X on travel booked through Brex, 3X on restaurants, 2X on recurring software and 1X on everything else. Points can be redeemed for statement credit or travel via Brex’s travel portal.  You will also receive 30,000 in Brex Rewards points upon signup and waived card fees for life (equal to $300+ value).

The card’s list of travel partners includes the following:

  • Aeromexico – Club Premier
  • Asia Miles
  • Avianca LifeMiles
  • Air France KLM – Flying Blue
  • Qantas Frequent Flyer
  • Singapore Airlines – KrisFlyer

Under the rideshare category, your small business or startup can earn points for Uber, Lyft, taxi rides and more. The recurring software category rewards you for monthly subscriptions like GitHub and Slack.

You won’t be charged an annual fee, but there isn’t a welcome bonus or introductory APR offer. The card is, though, part of the Mastercard network, meaning you can expect widespread acceptance.

The Brex Corporate Card was designed with startup and small business owners in mind. Many of the traditional pain points business owners face when trying to find a corporate card have been taken into account with the creation of this card, and you don’t need an extensive credit history or excellent credit to qualify.

Brex’s proprietary underwriting process means that cardholders can expect spending limits 10 to 20X higher than competing business cards. There’s also no personal guarantee, meaning your card application won’t require a personal credit check or security deposit.

This a charge card, so you’ll have to pay your balance in full each month. To qualify, you’ll need a $100,000 bank balance.

How much are the rewards worth?

Say your startup spends $500 a month on rideshares, $1,000 a month on travel booked through Brex, $500 on restaurants and $300 a month on recurring software purchases. By the end of your first year of card membership, you’d earn 115,200 points or $1,152 worth of rewards.

How to use this card

The application process for the Brex Corporate Card is relatively quick. Your physical cards should arrive three to five business days after approval, and you can use your virtual card in the meantime. You’ll receive up to five employee cards for free ⁠— all cards thereafter cost $5 per month each.

Brex also offers a mobile app that allows for expense tracking with automatic receipt matching. Submit your receipts by text, email or uploading to your online account.

Your payment information will be reported to Dun & Bradstreet and Experian, helping to build your small business or startup’s credit history.

Other card perks include 24/7 concierge assistance during travel, 24/7 fraud monitoring and protection against unauthorized transactions.