Offering many significant rewards, the Brex Card may be the best option for entrepreneurs or business owners.
“Brex is perfect for online brands because it offers financial flexibility and high-quality software without a personal guarantee.”
- AARON HOEY, CEO
Contents of the Article:
- What is Brex?
- What is the Brex Card?
- What is Brex Exclusive?
What is Brex?
Similar to a bank, Brex operates to help people handle their money smarter. Here, you can apply for credit cards, manage your cash, and control your expenses. The only difference between Brex and other banks is the lack of physical branches as it is entirely digital.
What is the Brex Card?
Primarily designed to help start-ups around the world, Brex eliminates personal liability. Basically, the Brex card is linked to your corporate bank account.
And unlike other credit cards, Brex underwrites your credit limit based on your company’s investors, cash balance, and spending patterns. In return, the credit limit differs for every cardholder.
You can also set spending limits for your business’ employee cards. This way, as a business owner, you can oversee the expenditures of your employees.
And unlike the typical credit card, the Brex card has no annual fee, zero late fees, zero interest, no foreign transaction fees, no personal guarantee liabilities, a high credit limit, and it will only take seconds to get approved.
Once you get approved for a Brex card, you can earn points when making the following transactions:
7 points on rideshare (Taxis, Lyft, Uber, and scooters)
4 points on flights booked through Brex travel (hotels, flights, and Airbnbs)
3 points on Restaurants and dining
3 points on eligible Apple products like Mac, and iPhone purchased via Brex portal
2 points on recurring software charges like Salesforce, Zendesk, Twilio, and more
1 point per dollar on all other purchases
Once you have accumulated points from your purchases, you can redeem them at 1 cent for each point. You can use these points to either make transactions using your card or book a trip through the Brex travel portal.
Listed below are the airlines Brex had partnered with:
Cathay Pacific (Asia Miles)
Singapore Airlines (KrisFlyer)
Aeromexico (Club Premier program)
Air France/KLM (Flying Blue)
Qantas (Qantas Frequent Flyer)
What is Brex Exclusive?
Brex Exclusive is a status that allows you to earn the most points from your purchases and gives you access to the best rewards multipliers.
During sign-up, all customers get enrolled in Brex Exclusive for two months. Once that time elapses, you need to ensure card exclusivity to maintain the benefits of the status. Should you not get qualified, you can still reap the benefits stated above.