Posted by William Charles on April 25, 2019
Credit Cards

Published on April 25th, 2019 | by William Charles

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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.

Card Basics

  • 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.

Key Differences

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.

Our Verdict

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).



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Miki
Miki

Is this a World Elite MC? If so, the $10 credit after 5 rides on Lyft would make a huge difference in combination with the 7% Cashback.

CNH
CNH

This is potentially great for high ride-share users. Any idea on whether or not they will shutdown your card if you pre-purchase Uber credits at 5% off?

bax
bax

Clicked for the Brexit credit card. Disappointed.

Gareth
Gareth

This name just reminds me of Brexit. And I was like, WOW Brexit is really a thing!

MrObvious
MrObvious

I was going to say the same thing – especially coming from “Emigrant Bank.” Reminds me of the old ISIS app that was a predecessor to Apple Pay and Android Pay and had to quickly change it’s name.

carl wilson
carl wilson

Good point about personal guarantees and getting corporate cards for startups. For small businesses this could be an interesting card, though I am a bit wary of the required automatic payment pull at statements close.

Pam
Pam

I can’t find information on the foreign transaction fee.

Froide
Froide

Their website emphasizes: no foreign transaction fee.

Curmudgeon
Curmudgeon

I think this is actually a charge card, not credit.

Ann
Ann

From what I read on that reddit thread yesterday, it is only offering those AWS/AdWords/etc discounts to new users of those services (i.e. the card is sponsored by those services to try to get new users for the services, and most of the value is cancelled out by what those services offer as standalone new-user promos); and you can use the rewards without this being your only card, but you have to redeem them at a lesser valuation. It’s not for me either way, but these are points anyone considering this card should look into further.

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