Brex Credit Card Review – Travel Partners & 7x On Rideshare, 3x Restaurants & More (JetBlue Added As Transfer Partner, 75k Pts)

Update 9/24/19: JetBlue has been added as a 1:1 transfer partner. Sign up bonus through the TPG link is currently at 75,000 points.

Update 8/28/19: Deal will end August 31st, 2019.

Update 7/30/19: Brex has launched a new 100,000 point sign up bonus (exclusively through TPG unfortunately) when you spend $1,000 within the first three months. Card fees are also waived for life. In addition points can now be transferred to one of the following six transfer partners at a 1:1 rate:

  • Aeromexico Club Premier
  • Air France/KLM Flying Blue
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Qantas Frequent Flyer Program
  • Singapore KrisFlyer

To be eligible for the bonus you need at least $100,000 in funds in your company bank account.

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.

You can also transfer to one of the following six transfer partners at a 1:1 rate:

  • Aeromexico Club Premier
  • Air France/KLM Flying Blue
  • Avianca LifeMiles
  • Cathay Pacific Asia Miles
  • Qantas Frequent Flyer Program
  • Singapore KrisFlyer

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 is now very interesting due to the 100,000 point bonus. It’s also worth keeping long term due to the 7x option and no annual fees. Unfortunately most people won’t be eligible due to the $100,000 deposit requirement. It’s also not clear what sort of business documents are requirements. 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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