Ramp vs Brex: Comparing the Top Business Credit Card Options

Ramp and Brex offer tools for managing expenses and spending for startups and small businesses. They provide corporate cards with rewards, expense tracking, and financing options. This guide compares their features to help you choose the best fit between ramp vs brex for your company’s needs.

Startups spend over $60 million quarterly using these cards. They rely on unique perks like cash back, points, and flexible repayment terms. This article breaks down their differences in rewards, fees, and eligibility to simplify your decision.

Key Takeaways

• Ramp offers 1.5% cash back on all purchases, while Brex rewards rideshares with 7 points per dollar spent.
• Ramp requires $25,000 in cash for eligibility, while Brex prioritizes companies with $1 million+ annual revenue or venture funding.
• Both cards feature 0% intro APR for 12 months, but Brex’s regular APR tops at 25.49%, higher than Ramp’s 23.49% max.
• Ramp provides $500–$750 sign-up bonuses via referral links, while Brex offers 125,000 points for meeting deposit and spending thresholds.
• Both lack annual fees and personal guarantees, but Brex’s credit limits depend more on funding size than Ramp’s bank balance requirements.

Overview of Ramp and Brex

Understanding the difference between ramp and brex starts with their distinct focuses. Both fintech leaders redefine business financing but cater to different audiences. Brex targets venture-backed startups, with a banking suite supporting 70+ currencies and 8x points on ridesharing. Ramp serves small to mid-sized businesses, with 1.5% cash back and no equity funding requirements.

The Rise of Digital Business Financing

Traditional credit cards struggle to meet modern business needs. Companies like Ramp and Brex emerged to fill these gaps in expense management. Brex offers global ACH transfers with zero fees, and Ramp has 80+ bank integrations, showing how these tools modernize finance.

Their rise reflects a shift toward all-in-one platforms over fragmented legacy systems.

Key Features of Ramp and Brex

• Target Users: Brex requires $1M revenue, equity funding, or 50+ employees. Ramp accepts businesses with $25k cash reserves.
• Rewards: Brex offers tiered points (up to 8x on rides) while Ramp provides flat 1.5% cash back.
• Pricing: Brex’s Premium plan starts at $12/user/month. Ramp charges $15/user/month.
• Banking: Brex includes checking accounts with multi-currency support. Ramp focuses solely on card programs.

These distinctions shape which tool suits a business’s stage and goals. The difference between ramp and brex becomes clear when comparing their eligibility, rewards, and core services.

Business Credit Card Basics

Business credit cards help companies manage their expenses and build credit. They also track spending. The benefits of ramp over brex include tailored features like simplified rewards and lower eligibility requirements. These cards keep personal and business finances separate, making tax prep easier. Let’s explore how they work.

What is a Business Credit Card?

These cards allow businesses to make purchases and build corporate credit. They track expenses through dedicated accounts. Ramp and Brex cater to startups, but eligibility varies.

Ramp requires a $25,000 minimum balance in a US business account. Brex demands $50,000 for monthly payments or $1 million for self-funded businesses.

Benefits of Using Business Credit Cards

Business cards offer several benefits:

• Cashback rewards: Ramp provides 1.5% cash back on all spending. Brex uses a points system (up to 7x on rideshares).
• Expense tracking: Ramp’s tools simplify categorizing costs, helping control budgets.
• No personal guarantees: Both avoid requiring personal credit checks, reducing owner liability.
• Lower barriers: Ramp serves SMBs and startups, whereas Brex focuses strictly on VC-backed firms.

Ramp’s straightforward 1.5% cashback outperforms Brex’s complex points system for most users. Plus, Ramp’s eligibility for non-VC businesses widens access. These tools help businesses save—like the average 5% spending savings Ramp users report. Choose based on your business type and cash flow needs.

Ramp: A Deep Dive

A ramp token review shows Ramp’s rise as a top finance tool for businesses. It has over 30,000 businesses using it, with a value of $13 billion by early 2025. Let’s see what makes Ramp special.

Key Features of Ramp

Ramp combines spending and expense management in one place. Its main tools include:

• 1.5% cash back on all purchases, with no foreign transaction fees
• Real-time expense tracking and automated receipt matching
• Savings insights cutting costs by 3.5% annually for users
• Bill pay automation with ACH/wire transfers and policy controls

Ramp works well with accounting software like QuickBooks and NetSuite. This saves teams 8.5 million hours each year.

Pricing Structure

Ramp has a free plan for startups with up to 10 users. It’s perfect for early-stage teams. The Ramp Plus tier costs $15/user/month, with advanced spend controls and premium support. You need a minimum bank balance of $25,000 to qualify, with no annual fees for corporate cards. Ramp’s pricing is clear, unlike Brex’s tiered fees.

User Experience and Interface

Ramp’s dashboard makes expense reporting easy with drag-and-drop categorization. Its mobile app syncs with email receipts and calendar events, reducing manual entry. Users give it 4.8/5 on G2, loving its easy design. The interface works for teams of all sizes, from startups to those with 500+ employees.

Brex: A Deep Dive

Brex token analysis powers its corporate card solution for venture-backed startups. It offers secure financial tools. Features include real-time transaction monitoring and fraud prevention.

Key Features of Brex

• Points-based rewards with 3x multipliers for software, travel, and office supplies
• Cash management tools and automated expense tracking
• Custom spend controls with real-time alerts

Pricing Structure

Brex focuses on venture-backed firms, needing funding eligibility. It offers daily or monthly repayment cycles with no annual fees. With $1.4B in funding and a $12.3B valuation, Brex provides great terms for growing companies.

User Experience and Interface

Streamlined workflows and mobile app integrations make expense management easy. Finance teams get customizable dashboards and automated receipt capture. Brex’s platform saw $2B in deposit growth after Silicon Valley Bank’s collapse, showing its reliability.

Brex stands out for startups growing fast. Its tools meet modern finance teams’ needs while keeping security high.

Comparing Rewards Programs

When picking between ramp token vs brex token rewards, businesses need to weigh simplicity against specific perks. Both aim to increase savings but in different ways.

Ramp’s Rewards Program

Ramp offers 1.5% cashback on all purchases. This means you get the same savings every time, without tracking what you buy. It’s perfect for businesses with different expenses, as it’s easy to understand.

Ramp also gives up to $150,000 in rewards each year. This makes it great for companies that want hassle-free rewards.

Brex’s Rewards Program

Brex has a points system based on spending categories. You earn points that turn into cash or perks at 1¢ per point. Here’s how it works:

Brex rewards those who spend a lot on travel, software, or transportation. You can use points for Brex tokens or discounts on business software.

Which Program is More Beneficial?

Ramp’s uniform cashback is good for businesses with varied spending. Brex’s points are better for those who spend a lot in certain areas, like tech or travel.

Compare the rates: Brex offers 7x points (0.07¢/dollar) on rideshares, while Ramp gives 1.5% (1.5¢/dollar) on everything. Brex’s high points in some categories beat Ramp’s rate. But, Ramp’s steady cashback might be more appealing to small businesses. Larger companies might find Brex’s tailored rewards more beneficial.

Expense Management Features

When comparing ramp vs brex token features, their expense management tools show big differences. Both platforms aim to make tracking easier but in different ways.

Ramp’s Expense Management Tools

Ramp makes tracking easier by automating receipt matching and providing spending analytics. It helps teams set spending limits. But, creating separate card numbers for each limit can cause card sprawl.

Ramp offers 1.5% cashback on all purchases, with up to $150,000 in rewards. But, international transactions may have 3% foreign exchange fees because accounts are only in USD.

Brex’s Expense Management Tools

Brex is known for its real-time tracking and AI-powered automation. It auto-generates receipts for thousands of merchants, cutting down on manual work. Brex supports 40+ currencies and 210 countries, keeping foreign fees low.

Brex’s points-based rewards don’t offer cashback but work well with global workflows. Its tokenization makes transactions secure and easy to track without constant manual checks.

Looking at ramp vs brex token features, Brex’s AI and global reach are great for international teams. Ramp is simpler for USD-based businesses but might not work for those needing to handle multiple currencies. Both platforms make reporting easier, but Brex’s API tools save more time. Companies needing real-time global tracking should look at Brex. Teams focused on U.S. operations might prefer Ramp’s easy-to-use interface.

Integration Capabilities

Ramp and Brex focus on making tech work together smoothly. They use different ways to connect with financial tools. This makes it easier for businesses to manage their finances.

They both aim to link up with accounting, payroll, and project management tools. Let’s see how they compare in making your financial stack work together.

Integrations with Ramp

Ramp works well with QuickBooks Online, NetSuite, and Xero. It makes sure data moves automatically and can be customized. This helps transactions flow smoothly into your current systems.

Ramp doesn’t use blockchain, but it has strong security. It connects well with ERP systems and HRIS tools. This makes approvals and reports easier to handle.

Integrations with Brex

Brex teams up with payroll tools like Gusto and CRM platforms like Salesforce. It costs $12 a month per user for these advanced connections. But, small businesses need to act fast because Brex is leaving Cash accounts in August 2024.

Brex helps with expense reporting and invoicing. But, it doesn’t offer the same level of API flexibility as Ramp. Both platforms work with expense managers like Expensify. Yet, Brex’s move might push small businesses to look at Ramp’s open API framework.

Customer Support: Ramp vs Brex

When looking at brex vs ramp token price, customer support is key. It helps businesses solve problems fast. This includes payment issues, setting up accounts, or urgent questions.

Ramp and Brex make support easy to get but have different hours and levels. Here’s a comparison:

Ramp’s Customer Support Options

• Phone support: 7 a.m. to 10 p.m. ET daily
• Live chat and a support ticket system for non-urgent issues
• Knowledge base with guides on spending limits and expense tracking

Ramp’s paid plan starts at $15/user/month. It includes tools like automated expense alerts. But, you might wait for answers outside business hours.

Brex’s Customer Support Options

• 24/7 live chat and phone access year-round
• Specialized teams for onboarding and fraud resolution
• Self-service tools for dispute resolution and account updates

Brex’s $12/user/month plan offers global support. They have a 70-country reimbursement network and no transfer fees. This makes them reliable 24/7.

Brex is cheaper, but Ramp’s $15 plan has features like mobile app alerts. Businesses need to weigh cost against support timing. Brex is great for urgent needs, while Ramp works for regular business hours.

Eligibility Requirements

When looking at business credit cards, who can apply is key. Some might think ramp cryptocurrency comparison is about crypto. But Ramp is all about traditional business loans. Let’s see who can get each card.

Who Can Apply for Ramp?

Ramp’s rules are clear for companies. You need:

• A U.S.-based corporation, LLC, or limited partnership
• A minimum $25,000 in your business bank account
• A company email and EIN

No credit checks or personal guarantees are needed. But, only incorporated businesses can apply. Once approved, you get your cards in 7–10 days.

Who Can Apply for Brex?

Brex is for companies growing fast. You must:

• Be a venture-backed startup or a big company
• Make over $1 million a year if you’re self-funded
• Have professional investors or $50,000 in your account if you’re not venture-backed

Small businesses might find it harder to get into Brex than Ramp.

Use Cases: When to Choose Ramp or Brex

When comparing ramp vs brex token features, the right choice depends on your business goals and finances. Let’s look at when each is best.

Ramp is great for businesses needing flexibility. It’s perfect for startups with less than $500k in annual revenue or those without venture backing. With Ramp, you can save time with its simple cash-back rewards.

It also has a $25k minimum cash balance, making it easy for small teams to use. For instance, a SaaS company with $2M in yearly revenue and no outside funding can easily track expenses without many rules.

Brex is ideal for high-growth ventures with strong cash flow. It’s best for venture-backed firms like DoorDash or Flexport, which get 4x travel points and 3x dining rewards. Companies making over $4.8M a year or with 50+ employees can get higher credit limits.

Its dynamic credit adjustments are also great for businesses that grow quickly and have changing expenses.

• Ramp picks: Small-to mid-sized businesses, non-VC-backed startups, teams prioritizing simplicity over complex rewards
• Brex picks: Venture-backed companies, high-revenue firms ($4M+ annually), businesses with international travel or premium expense needs

Both platforms make expense reporting easier, but they differ in how they handle money. Ramp’s virtual card limits are tied to your bank balance. Brex rewards heavy spenders with points. Choose based on your cash flow and growth stage to find the best fit for your business.

Final Thoughts on Ramp vs Brex

In our review of Ramp vs Brex, we see they each have unique strengths for business finance. Your choice depends on your company’s growth stage and spending needs. Let’s look at what makes them different and who they’re best for.

Summary of Key Differences

Ramp and Brex have different focuses and target different audiences. Brex is for early-stage startups with venture funding. It offers points for travel and gift cards. Its banking integrations and 4.5/5 Trustpilot rating stand out.

Ramp, valued at $7.7 billion, is for scaling businesses needing to control spending. It offers 1.5% cash back and unlimited expense tracking, with a 4.7/5 rating. Brex requires venture backing, while Ramp welcomes all businesses, including non-funded startups.

Recommendations Based on Business Needs

If your business is early-stage and venture-backed, Brex might be the better choice. It has rewards and banking features that fit startups well. Its points system and 240 customizable accounts are great for early-stage companies.

For growing companies with complex expenses, Ramp’s automated controls and cashback are key. Businesses without venture funding should choose Ramp, as it doesn’t require funding ties. Both platforms focus on user experience but serve different business stages.

Consider your team size, funding status, and expense complexity when deciding. There’s no one-size-fits-all solution. The best choice is the one that fits your business’s needs.