Published on April 25th, 2019 | by William Charles10
Brex Credit Card Review – 7x On Rideshare, 3x Restaurants & More
Brex is a new Mastercard credit card issued by Emigrant Bank that is targeted towards start ups. Let’s take a look at this card in this quick review.
- No annual fee
- Card earns at the following rates:
- 7x points on rideshare
- 4x points on brex travel
- 3x points on restaurants
- 2x points on recurring software
- 1x points on all other purchases
- No sign up bonus, but comes with a number of discounts/deals:
- Amazon web services: $5,000 in credit over a year
- Google Ads: Up to $150 in credit
- WeWork: Up to 15% off list price for 6 months
- Lots more benefits available
How Much Are Points Worth
Points can be redeemed through Brex Travel and you can also apply points against purchases and get a value of 1¢ per point.
Brex is slightly different than a normal credit card, when you sign up you have to give them access to your banking information (I assume via Plaid or something similar). This information is then used to determine your credit limit and once a statement closes they automatically withdraw the funds from your account.
Brex isn’t a small time start up operation, they have raised $282.1 million. An issue for a lot of start ups is that getting access to a corporate credit card requires a personal guarantee or deposit, whereas Brex doesn’t require this. For readers of this site the card itself isn’t that interesting, unless you spend a lot of money on ride shares. Keep in mind most of the sign up bonuses/offers are just a variation of offers normally available to new users. In addition according to this comment the rewards program is only available to Brex cardholders that only use Brex for credit card payments (and I assume this is verified as they have bank account access).