Update 8/1/22: Mercury is offering ex-Brex customers $100 when they deposit $10,000.
Update 6/19/22: Here’s a CNBC article and a Twitter thread explaining Brex’s shift away from small businesses to focus on their core business of start-ups.
Update 6/16/22: Another wave of Brex closures going out now, closure will take place on August 15th. Strangely, this one seems to be going even for some who were active on Brex; seems to be a shift in business plan to only focus in certain types of businesses. Be sure to cash out your points.
Original Post:
We wrote about the expired deal to open a Brex cash account and get 110,000 points bonus. And another expired deal to link payroll and get 100,000 bonus. Personally I just cashed out the points for $2,100, but other people left the points in their Brex account, waiting to transfer to their preferred travel partner.
Brex sent some of us an email indicating they’ll be closing out our accounts due to dormancy. They note that you can make some transactions and possibly keep the account; they’ll review it further if that occurs.
If you’d like to keep your accounts, please start making transactions again within the next 30 days. We will then conduct an internal review to make a determination about account closure.Â
Most importantly, if you have rewards sitting in Brex you’ll want to transfer them out or cash them out before the account possibly gets shut down.
