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Brex For Startups

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Brex For Startups

 

Rated 4/5 stars by our editorial team

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  • Regular Purchase APR

    N/A

  • Intro Purchase APR

    N/A

  • Intro BT APR

    N/A

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $0

  • Card Brand

    Mastercard®

Highlights

  • Click "APPLY NOW" to apply online
  • 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)*
  • No personal guarantee needed - we do not ask for a personal credit check or security deposit during the application.
  • Credit limits 10-20x higher than traditional small business corporate cards.
  • $100,000 bank balance required to qualify for Brex.
  • Exclusive signup offers from the best products and tools for your business (e.g. AWS, Google Ads, WeWork, Salesforce) worth over $50,000 in value.
  • Earn points on every dollar spent with industry-leading multipliers: 7x on rideshare, 4x on travel, 3x on restaurants, 2x on software subscriptions and 1x on all other transactions.
  • Miles transfer program to 6 airlines (including Singapore Airlines, Qantas, Air France, and more) and their loyalty programs, giving Brex customers access to book travel across all of the major global airline alliances - Star Alliance, Oneword, and SkyTeam.
  • 30-day charge card running on the Mastercard network. Enjoy global acceptance with no foreign transaction fees.
  • Make employee expenses seamless - automated receipt-capture and expense matching and reconciliation via text and email. Instantly add new users and set spending limits.
  • Simplify reconciliation with built-in integrations with Quickbooks, Xero and more.

Card Fees

  • Foreign Transaction Fee

    None

  • Balance Transfer Fee

    None

  • Cash Advance Fee

    N/A

Additional Card Details

  • $0 Fraud Liability

    No

  • Auto Rental Insurance

    No

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    No

  • Travel Assistance

    No

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    3.0

  • Intro APR

    3.0

  • Fees

    5.0

  • Benefits

    5.0

  • Overall Rating

    4.0 /5

From the LendingTree.com Editorial Team

Brex is taking the business credit card world by storm with its innovative and disruptive card offerings. No personal guarantees and credit limits 10 to 20 times higher than traditional business credit cards make the Brex For Startups card stand out from the crowd.

Your business can earn an industry leading rewards rate of up to 7x points on category spending, alongside a generous sign up bonus: 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)*. Use your points for statement credit, pay for travel through Brex Travel or convert points to airline miles.

To qualify, your company must be registered as a C-corps, S-corps, LLCs, or LLPs. The underwriting process doesn’t include your own personal credit score, Brex evaluates your business cash flow, spending and financial assets. Use your Employer Identification Numbers (EINs) when you apply, not your Social Security Number.

In order to qualify, you will need to have at least $100,000 in a business bank account. You will need to connect your business bank account to Brex to apply. It’s worth noting, this is not a credit card, it is a charge card. That means you can’t carry a balance from one month to the next and are expected to pay your bill in full each month. Brex will automatically debit your business checking account after each statement period.

The Brex cards are on the Mastercard network, which are widely accepted in over 200 countries and have no foreign transaction fees. There is a fast application process and you could get approval within minutes. Upon approval, gain instant access to a virtual credit card you can use right away. Your physical card will arrive in the mail in three to five days.

The Bottom Line

If you want access to bigger credit limits and can pay your balance in full at the end of each month, you can earn a ton of rewards points with Brex For Startups. Not having to worry about a personal guarantee only sweetens what is already a creative and attractive offer.

The Good

The “no personal guarantee” means you aren’t personally liable for business spending. This card is tailored to what start-ups need. Access to higher credit limits could help fuel business growth and mitigate cash flow issues.

The Not So Good

The $100,000 bank balance required means not all businesses are eligible. If your business is just starting out or you are a freelancer, sole proprietor or have a side gig you may not qualify. In order to qualify for the high rewards structure, Brex requires you to use your Brex card exclusively for your business spending. If you don’t qualify for Brex Exclusive, you’ll earn only 1 point per dollar on all transactions.


Editorial Note: This content is not provided by Emigrant Bank. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Emigrant Bank.

Expert Reviews of the Brex For Startups

  • Regular APR

    3.0

  • Intro APR

    3.0

  • Fees

    5.0

  • Benefits

    5.0

  • Overall Rating

    4.0 /5


Consumer Reviews 0 Reviews

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