Brex Credit Card Review

The Brex Credit Card offers 30,000 points on spending $9,000 in the first 30 days. You can enjoy 7x points per dollar on ride-share and 4x points per dollar on travel booked via Brex Travel. You can earn 3x points per dollar on restaurants and 2x on recurring software subscriptions. Plus, 1x point on other purchases. It comes with No Annual Fees. The Brex Credit Card is a corporation that aims to simplify business financial management. It offers unique features and benefits tailored specifically for startups, e-commerce companies, and life sciences organizations. With its easy application process and no personal guarantee requirement, the Brex Card has become popular among entrepreneurs and business owners looking for hassle-free credit solutions. In this article, we will explain the Brex Card’s benefits and how it can help businesses streamline their finances and grow.

Quick Highlights

• Earn 30,000 points for $3,500 or 50,000 points for spending $9,000 in the first 30 days.
• Earn points on all spending, with bonus points for rideshare and recurring software.
• Build business credit history with on-time payments reported.
• No annual fee, no personal guarantee, no interest, and no foreign transaction fees.
• Auto-generated receipts, real-time tracking, and integrations with popular accounting software.
• Issue virtual and physical cards with customizable spending limits to your team.
• 24/7 customer support, fraud protection, and travel booking assistance.

Rewards and Benefits

Rewards

• 7X: Rideshare (e.g., Uber, Lyft, Taxi)
• 8X: Points on flights, hotel, dining, software, Apply Product and Ads
• 1.5X: Points on everything else
• 4X: Brex Travel
• 4X: Restaurants
• 3X: Eligible Apple purchases through the Brex rewards portal
• 2X: Recurring software
• 1x   anything else
• Rewards: Earn points on various spending categories, with higher rates for startup expenses.
• Brex Exclusive: Earn bonus points for daily payments with Brex Cash.

Redeem Rewards

As a Brex user, you can access various rewards and benefits to help your business grow. Here’s how you can redeem these rewards:

• Log into your Brex account
• Click on the “Rewards” tab in the top navigation bar
• Choose the reward you want to save from the list of available options
• Select the amount or quantity you want to redeem
• Click on “Redeem” and confirm your selection
• Your reward will be applied to your following statement or sent to you via email if it is a digital reward
• Keep an eye on the expiration date of your redeemed rewards before they expire
• Utilize Brex’s partner offers to earn additional rewards for specific purchases or actions
• Take advantage of Brex’s referral program to make even more rewards by referring other businesses to sign up for a Brex card.
• Use your rewards strategically, such as using cashback rewards for business expenses or travel rewards for team retreats.
• Please keep track of your rewards and their value to help you make informed decisions about redeeming them.
• Average yearly rewards value $4000 monthly spend 2632$

Benefits

• Boost spending power and grow your business: Earn rewards and cash back on purchases, access software discounts, and build a business credit history.
• Save time and money: Simplify expense management with automated features like auto-generated receipts and real-time tracking.
• Empower your team: Issue virtual and physical cards with custom spending limits and manage them easily.
• Streamline accounting: Integrate Brex with popular accounting software like NetSuite and QuickBooks for seamless reporting and reconciliation.
• Enjoy peace of mind: Benefit from 24/7 customer support, fraud protection, and secure travel booking assistance.

Feature

• Welcome, offer: Earn bonus points quickly to jumpstart your rewards (benefit: faster access to valuable rewards).
• Rewards program: Earn points on all spending, with bonus points for specific categories like rideshare and software (benefit: incentivize spending and earn valuable rewards).
• No fees: Eliminate annual fees, personal guarantees, and interest charges (benefit: save money on the cost of using the card).
• Built-in controls: Set spending limits and rules for each card issued to your team (benefit: prevent unauthorized spending and maintain financial control).
• Unlimited cards: Issue as many virtual and physical cards as needed for your team members (benefit: provide easy access to company funds for all employees).
• Integrations: Connect Brex with your existing accounting software for effortless record-keeping (benefit: save time and reduce manual work).
• 24/7 support: Get assistance with questions or issues anytime, day or night (benefit: receive prompt and reliable customer service).

Additional Benefits

Exclusive Discounts and Savings:

• Amazon Web Services (AWS):

• • New customers get $5,000 in AWS credit.
  • Up to $100,000 in AWS Activate credit, depending on eligibility.

• Slack: 25% off 12 months of eligible Slack paid plans.
• Apple: Earn 3x points on eligible Apple purchases through the Brex dashboard.
• UPS: Save up to 50% on every shipment.
• QuickBooks: Get 30% off your first 12 months.
• Gusto: Get 50% off any plan for 12 months.
• Vouch: Save up to 25% on business insurance, plus a 10,000 Brex Points bonus.
• Experian: 50% discount on first-year business credit monitoring

Rates and Fee

Rates

His Brex Card is a charge card, not a credit card. This means it has no interest rate, as the balance is due in full each month. There are also no annual fees associated with the Brex Card.

Fee

There is no annual fee and no other fees.

Brex Card Eligibility Criteria

 Fico Score: No credit history

Business Requirements:

• Registered in the US: Your business must be legally registered and operating in the United States.
• Venture-backed or well-funded: Brex primarily caters to startups with venture capital backing or established businesses with solid financials.
• Organized financial records: You must provide Brex access to your company bank account and other financial information for approval.

Financial Requirements

• Charge card model: Brex offers charge cards, not credit cards. You cannot carry a balance and must pay the monthly statement amount.
• Ability to pay in full: You must be comfortable and financially prepared to pay your monthly bill in full and on time.

Additional Considerations

• Limited availability: Brex can selectively approve applicants, so meeting the criteria doesn’t guarantee approval.
• Focus on specific industries: Brex may suit certain sectors, particularly technology and high-growth startups.

Applying for a Brex Card

1. Visit the Brex website: Go to the Brex website pricing and click the “Get your card” button.

2 Fill out the application form:

• The form will ask for basic information, such as your name, email address, phone number, and business details. You must also provide your Social Security number and date of birth.

1. Connect your bank account: Brex must connect to your bank account to verify your identity and income.
2. Wait for a decision: Brex will review your application and let you know within a few days whether you have been approved.

Customer Service

          +1 (800)-610-7379.

• Live chat: Brex also offers live chat support during business hours. You can live chat by clicking on the chat icon in the bottom right corner of their website.
• Email: You can also reach Brex on Brex website

Conclusion

The Brex Card is a good option for startups and early-stage companies, offering increased cash flow, credit building, and valuable first-year perks. The Brex Card caters specifically to startups and early-stage companies seeking a high-limit corporate credit card without requiring a personal guarantee. While it boasts advantages like generous credit limits, rewards programs, and no personal liability, limitations exist. Firstly, Brex currently only accepts applications from U.S.-based businesses operating for at least two years, restricting its reach. Additionally, an annual fee applies.

What Card Recommended Credit Card

• The Business Platinum Card from American Express Review
• Blue Cash Everyday Card from American Express Review