Brex Credit Card Review 2024
09.02.2024 - 12:23
/ insider.com
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The no-annual-fee Brex Card is lauded as an extremely user-friendly bank for startup companies. The definition of "startup," however, isn't nearly as lenient as you'll find with other banks, such as Chase and American Express. Sole proprietors aren't eligible for the card — nor are small and medium businesses, for that matter. If you do qualify, however, Brex offers generous rewards and valuable airline transfer partners such as Avianca, Singapore Airlines, Emirates, and more.
Earn 7x points per dollar on rideshare. Earn 4x points per dollar on Brex travel. Earn 3x points per dollar on restaurants. Earn 2x points per dollar on software. Earn 1x points per dollar on the rest.
$0
N/A
N/A
30,000 points or 50,000 points
Poor to Excellent
The no-annual-fee Brex Card is lauded as an extremely user-friendly bank for startup companies. The definition of "startup," however, isn't nearly as lenient as you'll find with other banks, such as Chase and American Express. Sole proprietors aren't eligible for the card — nor are small and medium businesses, for that matter. If you do qualify, Brex offers generous rewards and valuable airline transfer partners such as Avianca, Singapore Airlines, Emirates, and more.
Let's get the most important bit out of the way first. When reviewing applications of any business, Brex considers the following:
That precludes the vast majority from qualifying for a Brex Card. If you do qualify, however, there are plenty of reasons why you might want to give it a shot.
When you think of the best rewards business cards, you might assume that you'll need to shell out a sizable fee each year for the ability to rack up bonus points. The Brex Card, however, proves that assumption incorrect.
The Brex Card doesn't charge an annual fee. And new cardholders can earn 30,000 points after spending $3,500 in the first 30 days of account opening or 50,000 points after spending $9,000.
The Brex Card packs a generous reward structure, which can be tailored to pay out more based on the type of business you run. For instance, you can earn 7x points on rideshare, 4x on travel booked through the Brex portal, 3x points at restaurants, and more.
There are also plenty of opportunities to redeem your rewards, including cash, statement credits, or transfers to Brex's airline and hotel partners.
However, there are some caveats to be aware of before you apply for the Brex Card. Here's what to know to help you decide if it's the best small business credit card