Starting a company

Brex vs. Ramp: In-Depth Comparison of Leading Business Credit Card Platforms

Key Takeaways:

  • Understand key features to consider in a startup Credit Card
  • Comparison between Brex and Ramp
  • Take an in-depth look of Ramp credit card
  • Know best recommendation of either Brex or Ramp

In today's dynamic business landscape, startups and businesses require financial tools that cater to their unique needs. Specialized credit cards have emerged as invaluable assets, offering tailored solutions for these startups. Among the frontrunners in this area are Brex and Ramp. Read along this comprehensive guide that aims to provide superior insights and values by offering a detailed exploration of these two industry leaders.

Access to flexible and specialized financial solutions is a cornerstone of success in modern entrepreneurship. Traditional banking services often fall short of meeting the distinctive needs of startups and businesses, leading to the rise of credit card providers. Brex and Ramp have emerged as prominent players, each offering a suite of features designed to empower businesses.

Overview of the Need for Specialized Credit Cards

There may be several financial hurdles for your startups to overcome that require a creative fix. These range from managing receipts, tracking expenses, securing debt and optimizing awards. Specialized credit cards that are designed specifically for businesses take this into account by offering tools that cater to your different needs of businesses at every stage of their development. These cards can provide your businesses with features of expense tracking, the building of credit opportunities and rewards programmes that can equip your startup with the necessary tools and help you maneuver the finance routes easily and confidently.

The other section of this article discusses the features of Brex and Ramp – analyzing what they offer, benefits, and their respective value propositions. This article gives you all the necessary information on the use of finance tools so that your startup can prosper by overcoming competition through their skills of entrepreneurship.

Key Features to Consider in a Startup Credit Card

Choosing the appropriate credit card for a start-up is an important choice that may have a serious impact on your startup’s overall finance and future development. When assessing startup credit card options, one should consider these key features;

1. Flexibility:

The ideal startup credit card should be flexible when it comes to spending and refund. For startups, their cash flows are usually irregular – therefore it could be beneficial to have a credit card with adjustable credit limits as well as ability to carry balance. It should also be flexible with how rewards are earned and redeemed.

2. Credit Limits:

The credit limit should align with your startup's financial needs. It should be sufficient to cover your operational expenses but not so high that it encourages excessive debt. A well-balanced credit limit allows you to be responsible with spending and supports your growth.

3. Rewards:

Credit card reward programs can be extremely advantageous to your startup. You can get significant savings through the cashback offers, travel rewards, and other industry-unique benefits. Selecting a card that aligns with your startup’s spending pattern will help you get the maximum use out of the card.

4. Fees:

Knowing about the fee structure is necessary. Take into account your yearly fees or any surcharges related to the card. Reducing your operating costs can be accomplished by using your low or waived fees.

5. Reporting and Tracking:

The card should include an expense tracking and reporting tool. That makes it easier for your startup to budget, manage expenses and tax preparations.

6. Building Credit:

Credit cards that report to business credit bureaus can provide your startup with an opportunity to establish and build a credit history, enabling them to easily access finance later on as early stage startups. It is important to select a credit card that matches your startup’s financial requirements and future direction. These aspects should be carefully studied so as to choose the right card which could play an important role during your startup’s journey toward success.

Brex Credit Card: An Overview

Brex has emerged as a transformative force in business credit cards, catering to the unique financial needs of startups and modern businesses. Founded in 2017 by Henrique Dubugras and Pedro Franceschi, this fintech unicorn has reshaped the landscape of corporate finance. The company's sales increased by 200% in 2022, and within the following twelve months, it is anticipated to reach $500 million in yearly revenue.

History and Background of Brex

Brex was born from the founders' experiences as young entrepreneurs who faced the challenges of obtaining traditional corporate credit cards. Recognizing the gap in the market, they set out to revolutionize business banking and payments. Brex quickly gained attention and secured significant funding, enabling them to offer innovative solutions to their target audience.

Key Features, Benefits, and Target Audience for the Brex Card

The Brex credit card is tailored to the distinct requirements of startups and tech-forward companies. Its key features and benefits include:

1. Flexible Credit Limits: Brex offers high credit limits based on your startup's cash balance, ensuring that you have access to the capital that you need for your startup’s growth.

2. Rewards Program: Brex's rewards program focuses on your startup’s requirements, offering points on categories like software, advertising, and travel, aligning with the spending patterns of your tech companies.

3. Expense Management: Brex provides you with the right tools for expense tracking, reporting, and real-time visibility into spending, simplifying financial management for your startup.

4. No Personal Guarantees: Unlike traditional corporate cards, Brex does not require personal guarantees, relieving founders from personal liability.

5. Integration with Financial Tools: Brex integrates seamlessly with popular accounting and financial software, streamlining expense reconciliation and reporting.

The target audience for the Brex card is clear: It specializes in providing financial solutions for startups and tech companies to overcome their specialized challenges and seize any opportunities. It has changed the game of business credit cards as an essential financial tool for today’s enterprises.

Ramp Credit Card: An In-depth Look

Ramp has quickly gained prominence as a forward-thinking player in business credit cards, offering features that are designed to streamline financial operations for new companies. We will now unravel the core of RAMP, understanding its inherent features that stand out in the market. Ramp has helped businesses save an average of 5% per customer and $600 million in addition to 8.5 million hours.

Ramp and its Place in the Market

Ramp burst onto the financial technology industry to simplify financial management for businesses. Founded in 2019, it has rapidly positioned itself as a valuable partner for companies seeking efficiency and control over their expenses. Ramp recognizes that managing corporate finances is often complex and time-consuming, and it addresses these pain points with innovative solutions.

Main Features and Advantages of the Ramp Card

Ramp's credit card offers are consist of a vast range of features and advantages that resonate with businesses of various sizes and industries:

1. Real-Time Expense Management: Ramp provides real-time tracking of expenses, empowering businesses to monitor spending as it occurs rather than retroactively.

2. Customizable Spending Controls: Businesses can set spending limits and restrictions for employees, enhancing control and compliance.

3. Automated Receipt Matching: Ramp automates matching receipts to transactions, simplifying expense reporting.

4. Vendor Management: The card offers insights into vendor relationships, enabling businesses to optimize vendor spending.

5. Cost Savings: Ramp's expense management tools can help identify cost-saving opportunities, making it a valuable asset for cost-conscious organizations.

Brex vs. Ramp: A Direct Comparison

In the specialized business credit cards arena, Brex and Ramp are two prominent contenders offering their own unique features and advantages. Read along for a side-by-side comparison of these cards to help you in making businesses an informed choice:

Features and Benefits:


- High credit limits based on cash balance.

- Startup-focused rewards program.

- Expense management tools.

- No personal guarantees.

- Integration with financial software.


- Real-time expense tracking.

- Customizable spending controls.

- Automated receipt matching.

- Vendor management insights.

- Cost-saving opportunities.


Brex: Offers high credit limits that are tied to cash balance, making it a suitable option for startups with substantial funds.

Ramp: Provides customizable spending control features, allowing businesses to set limits according to their needs.


Brex: Charges an annual fee but often waives it for the first year.

Ramp: Offers transparent pricing with no hidden fees.


Brex: Rewards program tailored to startup essentials like software, advertising, and travel.

Ramp: Focuses on expense management and cost-saving rather than traditional rewards.

Unique Selling Propositions:

Brex: Distinguishes itself with its innovative approach to credit limits based on cash balance and a rewards program designed to benefit startups.

Ramp: Stands out for its robust real-time expense management tools and customizable spending controls, making it an ideal choice for businesses focused on financial efficiency and power.

Brex's Shift in Market Focus

Brex, initially catered to Small and Medium-sized Businesses (SMBs). It has strategically shifted its market focus which reflects the company's evolving vision and response to the changing market dynamics. Brex has now surpassed $100 million in annual recurring revenue. 

Several factors drive this shift, such as the need to extend higher credit limits and provide more comprehensive financial solutions targeting bigger organizations.

Potential Implications for Current and Prospective Brex Cardholders

For some existent Brex cardholders, the shift could have different consequences concerning their market size and needs. The new suite is likely to be more aligned with the needs of larger firms increasing satisfaction and value.

Nevertheless, the loyal Brex customers among SMBs might need to review their credit card options since Brex might no longer offer the most optimized features and benefits at this scale of operations.

For potential cardholders, particularly those from the enterprise and tech sectors, the switch can be a convincing reason to give their services a thought as they focus on coming up with distinct financial solutions to meet the needs of the customers.

In essence, Brex's shift in market focus underscores its importance with aligning credit card choices with a business's size and requirements. It encourages organizations to periodically evaluate their financial tools to remain in sync with their evolving financial needs.

User Reviews: Brex and Ramp

Both Brex and Ramp are new players in the competitive business credit card field, and user reviews offer a glimpse into the experiences of their customers.


- Praises: Users often praise Brex for its high credit limits and rewards program, mainly focusing on your startup’s requirements. Its integration with financial software and expense management tools receives positive feedback. Furthermore, customers always appreciate that it does not need personal guarantees and is flexible.

- Concerns: Some users mention that the annual fee can become a hefty charge even though it is often waived at the start. Further, the eligibility criteria of credits and underwriting process can also be stringent for some emerging businesses.

As of 2023, Brex has more than 200,000. 


- Praises: Ramp's real-time expense tracking and customizable spending controls are commonly praised for efficiently managing expenses. Users highlight the transparency in pricing and the lack of hidden fees. The card's vendor management insights are valued for optimizing vendor relationships.

- Concerns: Ramp’s expense management solutions may be praiseworthy, but users should also take note of traditional rewards and cashback features among other credit cards. This may not be ideal for companies that desire a reward credit card.

As of 2023, Ramp has 15,000+ customers.

Other Competitors: Brex, Ramp, and Stripe

While Brex and Ramp have made significant strides in the business credit card space, it's essential to consider other key players in the market. For example, Stripe has now expanded its services to include credit cards. More than 3.1 million active websites use Stripe as their payment processor. It also has over 2 million customers worldwide.

Stripe's Credit Card Offering:

Stripe, which is popularly known for payment processing solutions, has widened its services to include credit cards. Stripe’s credit card offers businesses the ability to streamline their financial operations, by integrating payment processing and credit management.

Comparing All Three:

1. Features: Brex excels in offering high credit limits and ample rewards for startups. Ramp focuses on real-time expense management and customizable controls. Stripe combines payment processing with credit management, creating a seamless financial ecosystem.

2. Market Positioning: Brex targets startups and tech companies, offering credit solutions that align with their unique needs. Ramp emphasizes expense management, making it suitable for businesses focused on financial efficiency. Stripe leverages its payment processing expertise to offer a holistic financial solution for businesses of all sizes.

3. User Preferences: User preferences vary based on business priorities. Brex users appreciate its credit limits and rewards. Ramp users value its expense management tools. Stripe users may understand the integration of payment processing and credit management for operational convenience.

Our Recommendation: Brex or Ramp?

Choosing between Brex and Ramp ultimately hinges on a startup or business's unique needs, priorities, and growth trajectory. Here, we offer an objective assessment to guide enterprises toward the right choice:

Consider Brex If:

- You're a Startup: Brex caters to the unique needs of your startup with its high credit limits, and a rewards program that is focused on any essential expenses like software and advertising.

- You Seek Rewards: Brex offers a compelling proposition if you are wanting more rewards that are relevant to your startup spending. 

- Integration Matters: Brex is an excellent choice if you want to integrate it with your financial software and robust expense management tools.

- Personal Guarantees Are A Concern: Brex's policy of not requiring personal guarantees can be a significant advantage if you are concerned about personal guarantees.

Consider Ramp If:

- Expense Control Is Paramount: Ramp's tools excel if real-time expense tracking and customizable spending controls are your primary concern.

- Cost Efficiency Matters: Ramp's focus on cost-saving opportunities and transparent pricing makes it a suitable option if your business aims for financial efficiency.

- Vendor Relationships Are Key: Ramp's insights can provide valuable insights while optimizing vendor relationships is crucial for your operations.

Key Factors to Consider:

- Business Size: Consider the scale of your business; Brex caters to start-ups, while Ramp targets all types of business and thus works better when it comes to wider areas of a company’s expense management.

- Financial Priorities: Determine which of these things—rewards, high credit limits, or expense control—concur with your immediate financial needs.

- Long-Term Goals: Envision your growth path and whether the card you select can be used to fulfill your business goals.

In the end, your decision should be based on your requirements and aspirations and in this way help you to transform your credit card into a powerful financial instrument customized to meet your business goals.

Summarizing Brex and Ramp

In this comprehensive comparison, we've explored two leading business credit card options: Brex and Ramp. Here's a small recap of the key points discussed:

- Key Features for Startups: A good startup credit card must be flexible, come with reasonable limits, rewarding, with transparent fees and effective expense tracking.

- Brex Credit Card: Brex caters to startups with high credit limits based on cash balance, a startup-focused rewards program, and integrated expense management tools. It doesn't require personal guarantees.

- Ramp Credit Card: Ramp is efficient in real-time expense tracking, customizable spending controls, and vendor management insights. It focuses on financial efficiency and cost-saving.

- Direct Comparison: Brex and Ramp are different in their own ways. Brex offers high credit limits and startup-focused rewards, while Ramp is focused on expense control costs and cost effectiveness.

- Brex's Shift in Market Focus: Brex has shifted from serving SMBs to larger enterprises and tech companies to offer more comprehensive financial solutions.

- User Reviews: Users praise Brex for its credit limits and rewards but mention concerns about annual fees. Ramp users appreciate expense management but must pay more attention to traditional rewards.

- Other Competitors: Stripe provides credit cards which integrate payment processing and credit management and can be used by firms of different size.

- Our Recommendation: The choice of either Brex or Ramp depends on factors such as the business size, financial priorities, and long-term business goals.

AWS Credits Showdown: Brex vs. Ramp

For startups and businesses that are heavily reliant on Amazon Web Services (AWS), the availability of AWS credits through credit cards can be a game-changer. Brex and Ramp offer AWS credits as part of their value propositions, but which card provides better value for startups leveraging AWS?

Brex: Brex has a longstanding partnership with AWS, offering startups up to $100,000 in AWS Activate credits. These credits can be instrumental in covering AWS cloud infrastructure expenses, enabling startups to scale without a significant upfront financial burden. Brex's rewards program can further complement these AWS credits, offering a comprehensive financial solution.

Ramp: Even though Ramp does not offer a direct AWS credit it offers cost reduction on the basis of the use of AWS which indirectly benefits the startups. Ramp can support businesses in obtaining the most from their AWS spending by providing them with insights regarding vendor relationships as well as optimizing their expenses.

Brex holds a clear advantage in terms of directly providing substantial AWS credits. However, when choosing, startups should consider their overall financial priorities, expense management needs, and credit card benefits. For startups heavily dependent on AWS, Brex's AWS Activate credits can be a compelling reason to consider this card.

Credit Limits: Brex vs. Ramp

Startups at various stages of growth will find that Brex and Ramp offer different credit limits which is an issue that can greatly affect them. Brex links credit limits to cash accounts, thus being ideal for startups with sufficient funds that are in need of higher limits. On the other hand, Ramp concentrates on expense management, offering credit limits in line with the company’s spending patterns and financial effectiveness objectives.

Ramp's approach might be more appealing for startups in the early stages as it encourages responsible spending and expense control. However, as your startup grows and accumulates cash reserves, Brex's higher credit limits can become advantageous for scaling operations. The choice between the two should align with your startup's current financial status and projected growth trajectory.

Ramp's Bill Pay Financing Feature

Ramp's bill pay financing feature offers SMBs a valuable tool for managing cash flow. It allows businesses to delay payment of bills while optimizing cash usage. For SMBs with fluctuating cash flows, this feature can provide crucial flexibility.

However, startups should approach bill pay financing cautiously. While it can help manage cash flow, it can also lead to increased debt if not used judiciously. Before leveraging this feature, startups should assess their cash flow patterns and financial discipline. For some startups, it may focus on a solid financial foundation rather than seeing which is more beneficial for financing options.

Travel Benefits and Considerations

Travel-related perks vary between Brex and Ramp. Brex offers travel rewards as part of its rewards program, making it suitable for startups with significant travel expenses. Conversely, Ramp focuses on expense management, which may not always include traditional travel rewards.

Startups must consider their travel needs and spending pattern when choosing between the two cards. If travel is a significant part of the business, Brex's travel rewards may be a valuable incentive. However, if travel is minimal, the expense management features of Ramp could prove to be more advantageous.

Fee Structures: Brex and Ramp

Both cards have fee structures that can impact a startup's bottom line. Brex typically charges an annual fee, although it may be waived in the first year. Startups should factor this fee into their budgeting and evaluate whether the rewards and benefits justify the cost.

Ramp, in contrast, offers open and honest pricing without any hidden charges. Although this can be appealing, startups should evaluate whether the expense management features and benefits match with your financial goals to help determine whether the Ramp fee structure is worth its price.


Credit limits, bill pay financing, travel benefits, and fee structures are critical considerations for startups when choosing between Brex and Ramp. The decision should match your startup’s current financial situation and its anticipated growth and spending.

We can help!

At Levy, we help early-stage founders streamline and automate regulatory and legal ops, HR, and finance so you can focus on what matters most — your business.

Note: Our content is for general information purposes only. Levy does not provide legal, accounting, or certified expert advice. Consult a lawyer, CPA, or other professional for such services.

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