At NerdWallet, we try that will help you make monetary selections with confidence. To do that, many or the entire merchandise featured listed here are from our companions. Nevertheless, this doesn’t affect our evaluations. Our opinions are our personal.
Now boarding the Brex Card for Startups: airline switch companions.
The firm has introduced that cardholders can now switch the rewards they earn into the loyalty packages of six airways:
Aeromexico (Membership Premier program).
Air France/KLM (Flying Blue).
Cathay Pacific (Asia Miles).
Qantas (Qantas Frequent Flyer).
Singapore Airways (KrisFlyer).
» MORE: NerdWallet’s finest small-business bank cards
For many who use solely the Brex Card for Startups for all of their enterprise spending (generally known as “Brex Unique” prospects), the switch ratio will probably be 1:1. For nonexclusive customers — those that use the Brex Card for Startups but additionally different enterprise playing cards — the ratio will probably be 1.5:1 (that means 1.5 Brex rewards factors will probably be wanted for 1 airline mile).
“This was the most-requested enhancement to Brex rewards by our present prospects, so we’re thrilled to have the ability to ship on our promise of continued enchancment and innovation,” stated Henrique Dubugras, co-founder and co-CEO of Brex, in a information launch.
» MORE: four nice methods to maximise the brand new Brex switch partnerships
Designed for early-stage corporations with important money move, the $Zero-annual-fee Brex Card for Startups eschews the standard enterprise bank card underwriting mannequin of requiring a private assure and evaluating credit score scores. As a substitute, Brex seems at different elements to find out eligibility, together with funding sources, money move and spending patterns. It’s a cost card, that means that not like conventional bank cards, the steadiness have to be paid in full each 30 days.
Those that use the Brex Card for Startups solely for his or her enterprise spending earn elevated rewards charges by way of its Unique rewards program:
Earn 7 factors per greenback spent on rideshares and taxis.
Earn four factors per greenback on journey booked by way of the Brex portal.
Earn three factors per greenback spent on eating places.
Earn 2 factors per greenback on recurring software program bills.
Earn 1 level per greenback on all different purchases.
Nonexclusive customers earn a flat 1 level per greenback on all different spending.
The addition of airline switch companions is the most recent tweak to Brex’s rewards program. On the finish of 2018, Brex rolled out company charges on journey bookings, through its integration of the TravelBank platform.
» MORE: Learn our full evaluate of the Brex Card for Startups