Brex, a new charge card for startups and ecommerce businesses, offers business owners more reward options on better terms.

There’s plenty of new cards hitting the market, trying to change the terms of a typical credit card. Have you heard about Card? Well, Brex is a new business card for startups and ecommerce businesses that offers a new take on perks and payment terms.

Brex for Startups

Brex is rebuilding B2B financial products, starting with a corporate card for technology companies. Startups of all sizes (from recently incorporated to later-stage companies) can get a card that has 20x higher limits, completely automates expense management, kills receipt tracking and magically integrates with their accounting systems.

For startups, Brex doesn’t require a founder personal guarantee. Founders often don’t know that they’ve placed their personal assets on the line in exchange for business credit card financing because banks often neglect to bring it to their attention. Banks bury “personal liability” clauses in pages and pages of terms and conditions. For example, here’s how other business cards stack up:

Brex for Ecommerce

For ecommerce companies, Brex offers:

  • Net 60 payment terms
  • Revenue based limits (50-100% of monthly sales up to $5 million)
  • Built in expense management

For both business types, Brex offers users:

  • No Annual Fee
  • No Foreign Transaction Fees
  • No Interest Charges (30 Day Charge Card)
  • Automatic Payment

Brex Rewards

If you make this card your company’s exclusive corporate card, the earnings become quite tempting.

Besides the rewards, theres a list of perks offered that include:

Stack up all the perks, value of their rewards and earning bonuses and now a lot of other business cards begin to struggle to compete.

About Brex

Brex was founded by Henrique Dubugras and Pedro Franceschi, two engineers who previously founded Pagar.me, one of the largest payment processors in Brazil with over $1.5 billion in GMV. Brex is backed by the co-founders of PayPal (Max Levchin and Peter Thiel), Y Combinator, Ribbit Capital, Yuri Milner, and Carl Pascarella (former CEO of Visa).

Here’s all the fine print, with a comparison to terms and options of other top business credit cards:

For more information on Brex, click here.

The post 7x Rewards on Ride Share with Brex: The New Card for Startups was first published on Coworkaholic.

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