Exclusive: 110K Points With Brex Business Cash Account

Filed Under: Banking, Business
In the interest of full disclosure, and OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider. The offer for the Brex Cash has expired.


The Brex Card for Startups has been around for a while now. Its offer was unique: a corporate credit card, but tailored to newly launched startups and tech companies, without requiring a personal guarantee.

Bottom line up front? You can get up to 110,000 bonus points as a welcome bonus for opening a no-fee business cash management account.

Here’s how.

What is Brex?

Brex is a startup for startups. At its core, it’s a financial technology company that offers corporate credit cards and a modern alternative to a bank account to tech, life sciences, and many other types of businesses.

Many startups have difficulty accessing credit without a corporate credit history. As banks don’t have anything to make lending decisions based on, startups and other growing companies would oftentimes find themselves locked out of credit markets. They might have loads of funding, but no credit.

That’s where Brex stepped in. Instead of approving accounts based on a corporate credit profile, Brex started making lending decisions based on a company’s funding. They would monitor your corporate checking account, and extend a line of credit. The line of credit would fluctuate based on your bank balance.

This worked great for new tech companies. Flush with cash, they could get a line of credit with Brex with a monthly payment cycle that offered a compelling rewards program.

The downside was that some traditional businesses have not been among the industries Brex targeted historically. Lots of companies tried signing up for the product but were unsuccessful due to not having sufficient capital to meet Brex’s underwriting requirements.

That’s all changing. Brex’s new products are now available to businesses in all industries, with a few standard exceptions.

Brex is expanding its offerings to serve more businesses and launching some new products. There’s a Brex Cash account, which is a sleek update to a traditional cash management account, and then a new Brex Daily card complete with rewards. Brex’s lineup now consists of:

  • Brex credit card with monthly statements (formerly Brex 30 Card or Brex for Startups)
  • Brex credit card with daily statements (previously referred to as Brex Daily or Brex 1)
  • Brex Cash (this is the one I’m excited about)

I’ll break down the new products in this post, but the key point to know is that some variant of Brex is now potentially available to most businesses in the U.S., without being limited to tech or life sciences companies (though Sole Proprietorships are not currently eligible), and there are some awesome welcome bonuses exclusively for OMAAT readers.

What is Brex Cash?

Brex Cash is a cash management account that functions much like a business or corporate checking account (although it isn’t a bank account), but is updated for the way businesses work in the modern world. You can use the account to deposit checks, send and receive ACH transfers, wire money internationally, and manage spending for different users.

There are no fees for the account, which is fantastic. International money wires are even free (though there may be a fee for the person sending or receiving the wire depending on their bank).

Brex Cash also includes a Brex credit card that can be used like a debit card that earns rewards. Instead of making a payment every month like a traditional credit card, with the Brex card your charges are paid daily against the balance of your Brex Cash account (or you can alternatively apply for a Brex credit card with monthly statements).

The Brex credit card with daily statements essentially serves like a debit card or a prepaid credit card. You can only spend what you have available in your Brex Cash account, and all charges are accounted for daily.

How does this fit in with the current Brex Card?

As mentioned, Brex is also keeping a version of the card with a monthly payment period. That is like a traditional credit card as you pay your statement every each month.

The Brex credit card with monthly statements will be available to qualified companies in more industries, and the rewards structure will differ a bit. Your credit limit will be determined by either your Brex Cash account or your external corporate checking account.

Brex Cash +
Brex card, paid daily
Brex Cash +
Brex card, paid monthly
Brex Card only, paid monthly
Earnings Rates• 8x on rideshare
• 5x on Brex travel
• 4x on restaurants/dining
• 3x on Apple products
• 3x on recurring software
• 1x on everything else
• 7x on rideshare
• 4x on Brex travel
• 3x on restaurants/dining
• 3x on Apple products
• 2x on recurring software
• 1x on everything else
• 7x on rideshare
• 4x on Brex travel
• 3x on restaurants/dining
• 3x on Apple products
• 2x on recurring software
• 1x on everything else
Sign-up Bonus80,000 after spending $1,000 on your new Brex card80,000 after spending $1,000 on your new Brex card80,000 after spending $1,000 on your new Brex card
Other Bonuses• One-time 20,000 bonus points when you link payroll to your Brex Cash account
• 10,000 additional points after spending $3,000 on your Brex Card in the first 3 months
• One-time 20,000 bonus points when you link payroll to your Brex Cash account
• 10,000 additional points after spending $3,000 on your Brex Card in the first 3 months
N/A
Points Redemption Options• Cash Back: 1¢/pt
• Gift Card: 1¢/pt
• Travel Portal: 1¢/pt
• Miles Transfer: 1:1
• Cash Back: 1¢/pt
• Gift Card: 1¢/pt
• Travel Portal: 1¢/pt
• Miles Transfer: 1:1
• Statement Credit: 0.7¢/pt
• Gift Card: 1¢/pt
• Travel Portal: 1¢/pt
• Miles Transfer: 1:1
Qualification CriteriaFor all business types* with no minimum balances or funding requirements$50,000 minimum balance in any bank account$50,000 minimum balance in any bank account

The above earnings rates are for the tech version of the Brex card with monthly statements. There is also a life sciences version of the Brex 30 card with monthly statements, which has different bonus categories. That card earns 7x points on conference tickets in lieu of rideshare, 2x points on lab supplies instead of software charges, and doesn’t have a bonus for dining/restaurant spend.

If you currently have a Brex card with monthly statements (called the Brex Card for Startups), you’ll have the option of switching to the daily payments schedule. If you do that, you’ll earn a 1x multiplier on your spend. This is similar to how the Brex Exclusive rewards worked previously.

Earning points with Brex Cash

The Brex Daily card with daily payments that automatically comes with a Brex Cash account earns up to 8x points in certain bonus categories. Here’s what you’ll earn*:

  • 8x on rideshare (Uber, Lyft, taxis, scooters)
  • 5x on travel booked through Brex Travel
  • 4x on restaurants and dining
  • 3x on recurring software charges, like Salesforce
  • 3x on eligible Apple products through the Brex portal
  • 1x on everything else

Basically, with a Brex Cash account, you earn more rewards when you opt for the daily payment schedule, which makes sense, as Brex isn’t having to float those balances all month. The 1x rewards multiplier boost for rewards on the daily payments cycle is more lucrative, though some businesses may find the monthly payment schedule more attractive at the cost of the extra point per dollar.

I’m also told that the Brex Cash and Brex card with daily statements combo will be easier to get approved for (which again makes sense, as it’s tied to your balance in a feature-rich cash management account).

*Multipliers are subject to change.

Brex Rewards points redemption

Brex is making a few additions to how you can redeem your points, including additional redemption options for those with a Brex Cash account:

  • New! 100 points for $1 cash back deposited to your Brex Cash account
  • New! 100 points for $1 in gift cards through the Brex dashboard
  • 100 points for $1 in travel credits through Brex Travel (this hasn’t changed)
  • Transfer points to airline frequent flyer programs (this hasn’t changed)

It’s worth noting that if you don’t have a Brex Cash account and only the traditional Brex credit card with monthly statements, you can no longer redeem points for statement credits at $1 per 100 points. Instead you’ll only get $0.70 per 100 points, which is a significant reduction. While most OMAAT readers won’t want to redeem for cash back, some may — and getting a 8%, 5%, or 3% discount on all of your purchases in those categories is very compelling.

You don’t have to wait for your statement to close in order to convert those points to frequent flyer miles for future travel — instead, you can convert your points to cash to be used immediately. That really makes this account standout.

You can still transfer points to a frequent flyer program like before. Those partners aren’t changing. You can transfer points at a 1:1 ratio to the following programs:

AirlinesHotels
Aeromexico Club PremierN/A, though various hotels are bookable through the rewards portal.
Air France/KLM Flying Blue
Avianca Lifemiles
Cathay Pacific Asia Miles
Emirates Skywards
JetBlue TrueBlue
Qantas Frequent Flyer
Singapore Airlines KrisFlyer

Brex has added new rewards options that make the card even more appealing for businesses. Being able to redeem points for cash is a nice option to have while still being able to transfer points to frequent flyer programs. The flexibility of Brex points makes this a compelling card, especially considering there’s no annual fee.

Sign up bonus for the new Brex Cash

As a special bonus to OMAAT readers, Brex is offering an 80,000 point sign-up bonus to those who sign up for and are approved for Brex Cash accounts through OMAAT. The account just needs to be funded, and you’ll get the bonus points once you’ve spent $1,000 on your new Brex card.

On top of that, you can earn up to 30,000 additional bonus points:

  • You’ll earn 20,000 bonus points when you link payroll to your Brex Cash account
  • You’ll earn an additional 10,000 points after spending $3,000 on your Brex Card in the first 3 months

That’s potentially 110,000 points, which can be redeemed as cash back, towards travel, or transferred to airline partners. That’s an incredible offer for a no-fee card in general, and really unheard of for a secured/debit card product.


Transfer Brex points to Asia Miles to redeem for Cathay Pacific first class

If you’re approved, your new account can be available instantly. You can deposit money right away, and are even given a virtual card number to use instantly. It really couldn’t be much simpler. I opened a Brex Cash account a few months ago, and was pleasantly surprised to see that rewards points posted on a daily basis as well.

With Brex Cash and the Brex card with daily payments, you’ll be able to spend as much money as you have available in your account and your credit limit will be 80% of your Brex Cash account balance. If you are approved for the Brex card with the monthly payment cycle, credit limits will be based off of your corporate checking account balance.

With that in mind, if you are eligible for Brex it’s well worth signing up for. Earning 8x points for rideshare and 4x points for restaurants and dining worldwide for an account with no fees is industry-leading.

Other Brex benefits

Brex account holders get a slew of other benefits, on top of earning rewards. Brex advertises up to $150,000 in value with a card (up from $50,000). Most companies won’t take advantage of the full $150,000, but it’s worth pointing a few things out:

If you use Amazon Web Services, it’s definitely worth getting this card as it comes with a $5,000 AWS credit and up to $100,000 in AWS Activate, depending on eligibility.

It comes with a $150 Google Ads credit, and between 20% and 50% discounts on other software products including Gusto, Slack, Zoom, Carta, QuickBooks, and Dropbox. Of those, I only use Gusto and Slack for my business, but those discounts would still put cash back in my pocket (especially as there isn’t even an annual fee to offset).

Who’s eligible for a Brex Cash account?

Most types of businesses are now eligible for Brex Cash accounts, with the following restrictions:

  • Your company must be organized and registered in the United States, and have a valid EIN
  • Your company must be a C-corp, S-corp, LLC, or LLP — because of the way Brex handles underwriting, Sole Proprietorships (even if registered in their locality and in possession of a valid EIN) are not eligible at this time
  • Your company must not be in an industry where there are additional Federally-imposed financial regulations (gambling, marijuana, guns/ammunition, prostitution, etc.)

Because Brex is for businesses, it was important to apply for the older version of the card using a business email address, so I would recommend doing that this time around as well. Brex doesn’t make mention of it, but I don’t think it’d hurt.

Signing up for Brex accounts is generally fast and straightforward. They don’t underwrite based on your personal credit score, so there’s no inquiry on your personal credit report, and you won’t see a hard inquiry on your personal credit report for opening this account.

Keep in mind that the payment cycle for the Brex card with daily statements works a bit differently than a traditional credit card. Instead of receiving a statement every month and paying once monthly, payments are required daily. If cash flow is an issue, Brex Daily isn’t for you.

Note, if you are currently a Brex for Startups cardholder, you’ll need to open a Brex Cash account through your member portal (and unfortunately aren’t eligible for this 80K welcome bonus). The good news is that with Brex Cash + Card you will be collecting more points than under the Card only program.

Bottom line

I’m excited to see Brex expand its product and offer it to traditional businesses. Their cards have no annual fee and their cash management product comes with a number of benefits for which banks would charge a hefty monthly account maintenance fee. We haven’t seen much innovation with business checking accounts, so I’m interested to see where this cash management account goes.

On top of that, you can earn rewards for your business spend that can be transferred to frequent flyer programs or converted to cash, and getting anywhere from 80,000 to 110,000 bonus points to start off with is incredible.

Open A Brex Cash Account Now

Terms subject to change. Brex Inc. provides a corporate card. The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to elect to sweep uninvested cash balances into certain money market mutual funds or FDIC-insured bank accounts at program banks. Investing in securities products involves risk, including possible loss of principal. Brex Treasury is not a bank and your Brex Cash account is not a bank account. Please see brex.com/cash for important legal disclosures. Past performance is not necessarily indicative of future results. You could lose money by investing in a money market mutual fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund and you should not expect that the sponsor will provide financial support to the fund at any time. Although the fund’s board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund’s liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days’ prior written notice to shareholders. These money market mutual funds are suitable for investors who are seeking as high a level of current income as is consistent with preserving capital and maintaining liquidity. Uninvested Balances in your Brex Cash Account will initially be aggregated with Uninvested Balances from other Brex Treasury customers and deposited in a single account at Radius Bank (the “Clearing Bank”), an FDIC-insured federal savings bank. Within two business days funds are transferred to a disbursement account at a Brex Treasury Third-Party Service Provider (the “Settlement Account”), and then swept automatically into omnibus deposit accounts established by Brex Treasury in its name on behalf of Brex Treasury customers at designated “Program Banks”. Only the first $250,000 in aggregate deposits at the Clearing Bank will be subject to FDIC coverage. FDIC coverage does not apply to deposits while at the Clearing Bank or any account at an intermediary depositary institution. Deposits that are in the Settlement Account while in the process of being swept to or from a Program Bank will be subject to FDIC coverage of up to $250,000 per Customer (aggregated together with other deposits, if any, of the Customer at the bank holding the Settlement Account). Brex Treasury is not an investment adviser, and therefore investors should consider the investment objectives, risks, and charges and expenses carefully before investing. Brex Treasury LLC does not charge transaction or account fees. However, money market funds bear expenses and fees. See program disclosures and the applicable fund prospectus for details and other information on the fund. Contact us for a copy of the fund prospectus and recent performance data. You should read the prospectus carefully before investing. Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at SIPC. Brex Cash is not available to all investors. This is not an offer, solicitation of an offer, or advice to buy or sell securities, or to open a brokerage account in any jurisdiction where Brex Treasury LLC is not registered.
Comments
  1. Can someone interpret the disclosure at the bottom of the blog post into English? Is an individual account insured by the federal government up to $250,000 or not? I wouldn’t trust these people.

  2. @ Gene — Yeah, their disclosures are oof, but I think that’s because they are not technically a bank, and account holders have a variety of options as to what they do with their funds. So it depends a bit on what you choose as to whether the FDIC or SIPC coverage applies, but ultimately the accounts are insured.

    From their FAQ’s:

    Up to $500,000 you invest in money market funds are covered by SIPC, which provides coverage in the event the firm fails, but which will not cover losses due to a decline in value of securities.

    Uninvested cash swept to one of Brex Cash’s program banks will be protected by FDIC insurance for up to $250,000. For more information on Brex Cash’s FDIC Sweep option, please review the Brex Treasury FDIC-Insured Deposit Sweep Program Disclosure Statement.

    For more information on our options to allocate your deposits with Brex Cash, please read our investment guide.

  3. Benefits way too complicated for the average business owner to pay attention to. Most business value services not earning points on rideshare… but that’s just my opinion

  4. I can imagine how for someone running a business with significant payables and a single owner (like Ben!) this mechanism offers a superb way to rack up hundreds of thousands of miles a year at little cost. As a CFO, I’d like to use this too, but I have partners who could potentially see it as self-dealing even if there’s no cost to them, even potential savings and benefits for the corporation. I have to pass, as my love of free travel is limited by insisting that I handle our collective money in a manner above reproach.

  5. It depends a bit on what you choose as to whether the FDIC or SIPC coverage applies, but ultimately the accounts are insured.

  6. Too complicated for a startup to consider and too limited for a fast growing firm. They might be in death valley with their positioning but …. not my jam anyways so I may not be seeing the full picture.

  7. @ Chatter — I tried to be thorough in this post, so maybe I made it seem more complicated than it actually is. But I’m curious, what makes you think it’s complicated? I’ll write a separate post with my experience signing up. It took all of five minutes, online management of my account couldn’t be easier, and the rewards post as expected. The process was significantly easier than some checking accounts I’ve signed up for in the past.

  8. @ Adam3438 — As Tiffany quotes above, your account is insured up to certain limits, so I really don’t view that as a risk.

  9. @ SST — Hah, fair enough, though if you use the rewards for your business, it seems like that would be a win-win for your partners as well?

  10. For what is worth, I applied and was denied. 12 employees and revenue in the 2M. Computer tech startup working for silicon valley startups(Airbnb, Turo, Google).

  11. @ Srinivas Damle — Thanks for the data point, hmmm. If you don’t mind me asking, when did you apply, and were you instantly rejected, or did you get a rejection email after applying?

  12. @Lucky – I absolutely appreciate the details you provided. My feeling comes from a simpler interpretation of how many details need to be managed to optimize rewards. Unless the goal is to use this card for “most things”, is not worth the additional hassle. Again, just my perspective. Not suggesting others (you) dont see value in it.

  13. Lucky, thanks for the easy 80k points. I have a small side business that has a tax ID. I applied when you first posted about it. 1 year in biz, 10k annual and got approved. Spent just over $1000 on the card and got my 80k bonus within a few days.

    Now, which program to transfer to….

  14. After clicking through, I assume we click on Open an account. need to put anything into Referral Code (optional) field?

  15. @ Nathan — Only for the “linking payroll” activity bonus. Broadly, you otherwise get points for using the Brex Card, not the ACH/banking functionality.

  16. I have an engineering business and signed up today and used a gmail account that I use with my business and was approved. Moved some money into the account. Not sure how to work the payroll angle since I am the only person in my business.

  17. I’m also unclear how the linking payroll would work too. My husband does have employees but he processes the payroll himself (he’s a CPA) not through a service. More information on how to work the payroll part of it would be appreciated!

  18. denied “Your application did not pass our internal screening process” Legit LLC started in 2016 with 4 employees. Also denied recently for cap one checking account. Opened about 5 bank and/or savings accounts last year. Only opened 2 credit cards in the last year.

  19. @ John @ Kari — I believe you’d need to link through one of their payroll providers to get the bonus, which may not be worth the hassle in your situations.

    However, the same bonus is available if you have business income deposited into the account from a payment processor. We linked our Stripe account, for example, but PayPal, Amazon, Square (they list several) should work if you use any of those for processing invoices or payments.

  20. Applied this morning and received this email 4 hours later. Don’t ever remember putting in my spending or gross receipts.

    Thank you for your interest in Brex. We’ve reviewed your application, and unfortunately, we’re unable to approve XXXXXXXXX, PLLC for an account at this time for the following reason:

    Your company does not meet the minimum cash requirement

    We’re working hard to build more solutions to support all businesses.

  21. @ Garrett — It sounds like you may have applied for Brex Card rather than Brex Cash, since the former has a $50K minimum in the linked account. Many have reported being approved with smaller balances. If that’s the case, I’d recommend applying again for Brex Cash.

  22. Signed up and approved, but on the rewards tab it says “Track your progress towards 30,000 bonus points”. That’s not 80,000!

  23. @ jpayne731 — That is expected! The 30k points are available to everyone, and are in addition to the 80k points from being an OMAAT reader. As long as you applied through our links, the 80k offer will be attached to your account once you’ve met the minimum spend.

  24. @jpayne731 I just contacted support about this. It doesn’t show up anywhere but they said they can see it on their end and the bonus is applied.

  25. Hi! I signed up using your link and was approved, thanks! I see there’s a 50% off Gusto link for the first 12 months, but that’s only if you’re a new user and signup through their link. I already use Gusto — could you revise the post to clarify that the discounts on those services are only if you’re a new user and signup through the Brex links? Thanks!

  26. Thanks for the heads up. Got approved and will be funding over next few days. I linked my paypal to my cash account, is that enough to get the 20k bonus? In the description it says paypal is one of the accepted platforms. Thanks!

  27. Anyone have a recommendation on where to get “certificate of good standing” for my “S corp” 😉
    It’s requiring this now

  28. @ scott — It should be, if you have business income hit PayPal and then get deposited to your Brex account. We did the same thing but with Stripe.

  29. @ Jonathan — We’ve been told existing accounts qualify! It looks like you register/link accounts, and then statement credits are applied to your account when you pay with your Brex account. A bit like Amex offers.

  30. @ dizzy — Depending on what state you are in, you may be able to easily get one from your Secretary of State / Corporations Commission website. In Florida it was like $8 or something when we had to do it last.

  31. Lucky – I have an EIN (sole proprietorship) but recently applied for an LLC (application pending, not yet accepted) Do you think I could still apply for the Brex deal? I’m worried the offer will be gone by the time my LLC is approved.

  32. Applied through the link and I’m at $2800 in spend now but the 80K has not posted. Any suggestions what to do?

  33. Applied through link and was accepted. But when in the dashboard in the rewards section it says:

    Bonus points
    Track your progress towards 30,000 bonus points

    Not showing an 80,000 point option.

  34. @ InForDaPoints — That’s normal/expected, since the extra 80K points is an exclusive OMAAT promo, in addition to the standard bonus. The points will post as expected if you followed the OMAAT link, worry not.

  35. I was wondering whether the brex Cash card that comes with the account processes as a debit card with Plastiq or as a credit card. It seems to be a “prepaid” card more than a debit card, so not sure…
    Thanks!

  36. @ Maumau — The Brex Card that comes with the account is a Mastercard, and would count as a credit card. It is not a debit card, but more a charge card where you pay your statements daily via the linked Cash account.

  37. This is the response I received to my denial. LLC in business for 7 years.

    I do see that the reason was due to minimum requirements not being met. To qualify for the monthly statements card, our team requires the following:

    1. A US Employee Identification Number (EIN)

    2. $50,000 minimum in a US-based bank account during the time of application ($100,000, if self-funded)

    3. Professional Investors, like venture capital or private equity

    Please remember these are the general requirements but not an exhaustive list of what our onboarding team considers when reviewing applications.

  38. What kind of information does Brex collect for the Cash account: first, to approve the application and then later on? If their services are free and they don’t check credit history then I’m the product. So they obviously want to go through some kind of verifiable data.

  39. @ Michael — You can go through the entire application process without actually submitting an application. Brex asks for your SSN, EIN, type of business, address, etc. Once your account is approved you’ll just have to link your business checking account to fund your Brex account, there’s no further info that I know of that’s being requested.

    No doubt with most services nowadays we are the product, but I also think it’s important to understand that when you pay with your Brex Card, that’s processed as a credit card, so there are some merchant fees in it for Brex. Since the money is debited from your Brex account directly, there’s limited risk to Brex on those transactions, unlike with traditional banks (though Brex also won’t make any money with interest charges).

  40. “You’ll earn 20,000 bonus points when you link payroll to your Brex Cash account”

    I’m trying to find out how I can link business income from a payment processor like Paypal and Stripe, but support isn’t helping much.

    Any advice from anyone who has successfully deposited money from their payment processors?

  41. Hi Ben,

    I understand you say it’s “Normal” to have the lower bonus shown…but I did apply through your link, I have spent over $3,000 on my Brex card connected to my Brex cash account, and I have only the 10,000 reward bonus plus my 3250 from spend. Any idea how long the OMAAT bonus takes to post. I’ve sat in a line to chat with a rep three times, and I’m never answered.

    Incidentally, and maybe I need to go read again, but the whole process seems more like a debit card program, with excellent bonus points awarded, than credit. My Brex card only allows me to spend an amount less than the cash I have moved into the Brex cash account. Is that correct? No credit line? No biggie, just wondering.

  42. @ Seth Goldman — The 80,000 points generally posts on the Tuesday following when you complete the minimum spending. What day did you complete the spending requirement?

    And you’re right about how the Brex Card works — it essentially operates like a debit card in the sense that the amount is debited from your Brex Cash account (your “credit line” is 80% of your Brex Cash balance), but when the card is processed with merchants, it acts as a credit card (based on rewards for consumers and fees for merchants).

  43. A bit disappointed that Uber Eats gets only 1x on Brex (counted as “Everything Else”) — doesn’t necessarily have to get 8x like Uber (since it’s not rideshare) but I was counting on at least 4x for dining/restaurants.

  44. Just for a change of pace in the comments thank you! What an awesome offer. Signed up, went through additional verification, got approved, and have gotten all 110K points posted in ~ 10 days.

    Definitely the front runner and hard to imagine a better sign up deal in 2021

  45. Hi Ben,

    I haven’t sign up yet. I do have a question, any idea when we can cancel the account ad if there’s any “charge backs” for doing so. Thank you in advance for your answer.

  46. @ Juan — I’m sorry, but unfortunately I don’t have an answer to that. To be honest, it’s a no-fee account with no minimum funding amount, so there’s virtually no downside to keeping the account open, as I see it. There are all kinds of money saving options, so there’s only upside (and personally I think there’s a lot of value to a Brex account beyond that).

  47. I was wondering, since the card limit is 80% of the cash you deposit is if you need to deposit $1250 so you can spend $1000 on the card to get the bonus? or if you can deposit $1000 use $800 on the card and then use $200 directly from the account using it as a checking account?Thanks

  48. @ Al — Correct, you need to spend money with Brex Card, and the limit is 80% of the amount deposited. So if you deposited $1,250 you could spend $1,000. If you wanted to spend $2,000 more to earn the additional points, you’d need to deposit a further $2,500.

  49. Hi,

    I got rejected initially because I didn’t have my business set up as an LLC. I used the Brex offer to incorporate and set up an LLC, and as far as I can tell I am approved. But when I click “rewards”, I see a completely different offer than the 110,000 total you describe here.

    It says I can get 20,000 points for linking payroll and 10,000 points for spending $3000 on my Brex card. Is the 80,000 point offer listed elsewhere?

  50. So, I applied around 14 days ago… any idea what is going on? At least they could update that it’s taking longer than 5 business days.

  51. Signed up my LLC using my company email and was instantly approved.
    20K points posted 1 day after depositing some sales revenue from PayPal.
    80K points posted 3 days after spending 1K on the Brex debit Mastercard.
    A nice surprise was earning 1.5x points on advertising.
    One of the easiest 100K points I ever earned, and without a credit pull.
    These are the bonus points showing on my account:

    You’re in the Small business rewards program:
    8x on Rideshare
    5x on Brex travel
    4x on Restaurants
    1.5x on Advertising
    1x on Everything else

  52. Your application was submitted on Feb 01 and can take up to 7 business days to review. While you wait, visit our
    for answers on frequently asked questions.

    🙁

  53. Still no approval after a few weeks. I reached out to the chat support in my Brex account and got a copy/paste reply saying taking longer than expected etc. The chat support button disappeared as well – I guess I got flagged as being naughty for inquiring on the status from the almighty Fintech Flavor of the Month/Wizard of Oz. Hilarious! Not someone I’ll be trusting with my money – and these guys got a few hundred million to not be a bank? I’m in the wrong business!

  54. I just wanted to thank you both for negotiating this deal and making it more reachable for regular folks! This is an awesome deal- I signed up!

    I had read about Brex in the past year, but even though it sounded like a neat business, I couldn’t really fit into it’s requirements.

    Even long term, 5x on travel, 4x on restaurants, a free account, and not using up a 5/24 slot, that is a keeper card and account for me! I have no problem paying daily and saving them the risk. Thank you!

  55. I should say, I was approved immediately. 25 yr old licensed LLC that I haven’t applied for any bank accounts or cc for in a long while, perhaps a year. Currently in non-reporting status, for fed taxes. Genuinely about to revive it this upcoming year. I quickly made a new e-mail account to match the legal biz name, for the application.

  56. Thanks for the help / instructions. Signed up, transferred 3k and spent 1500 on one purchase (waiting for tuesday to see if bonus reflects, per comments)… the only purchase I have put on the card.

    With that said, someone (either Brex or the merchant where I used the card) starting using my card fraudulently. Saw several erroneous charges reflect on my card. Reached out to the merchant to notify them – but also cancelled the card with brex and disputed the charges. They have no customer service on the weekends, and take quite a while to get back on disputed charges.

    IMO this is pretty outrageous for a [insert what we are calling brex] – cash management system or whatever. Someone spent USD 330 on my card, and attempted to spend another USD 1200, which didn’t reflect because it was above my limit so I got a text notifying me – all fraud. Then my original purchase disappeared and was replaced by one on the same date that was wrong.

    Not sure what’s going on or if anyone has had similar experiences.

  57. I applied on February 2nd. As of today February 22nd, there is a “Processing information
    You’ll have full access to your dashboard as soon as we finish processing your information” at the top of my Cash Dashboard page. I am able to transfer funds into the account by pushing from my bank account but am blocked when trying to use the credit card.
    I received the following email after a chat session,
    “We are currently experiencing a higher volume of applications. While we, unfortunately, do not have an exact timeline for how long the application will take to process, we are aiming to address all applications within 7-10 business days. However, please bear in mind that this is an estimate. We understand that this can cause frustration, but please be assured that we are working hard to get everything addressed.”
    The portal does seem glitchy at times. The whole screen goes blank sometimes. I just start over and log in again and it normally works.

  58. I already spent 1500 on the card last week. No points showing up today (tuesday)?. Anyone receive 80K points?.

  59. @ NBG — It’s a manual process that happens on Tuesdays, so you’ll want to wait until the end of the day.

  60. I signed up about a week and a half ago through the link. I spent over a 1000, with the charge that put me over on Friday of last week. I waited for this Tuesday but there was no 80000 points in the account. What should so I do? I’m starting to doubt I will get the bonus based on all the comments here recently.

  61. @ Chris @ T1G3R — They’re aiming to post the bonuses the Tuesday after they’re earned. It’s a manual process that’s done in batches, so I’d recommend just being patient — there’s nothing you have to do. Hopefully it’ll post by next Tuesday. Keep in mind most similar bonuses from other companies take many weeks to post.

    Keep in mind we share what we know about the process based on data points, etc. That’s no guarantee that something will happen with a certain timeline, but rather sharing what others have reported, and what Brex is aiming to do.

  62. Data point: Received the 20,000 payroll bonus earlier last week. I spent $3,000+ last week using the Brex card and received the 10,000 point bonus for spending over $3,000 on Saturday (2/20). Then this morning Wednesday, 2/24, received the 80,000 OMAAT bonus. Received a total of 110,000 points. Be patient. It should work.

  63. I applied on February 16. The website says applying will take less than 10 minutes (it did) and you will get your account number, etc. immediately. Well that’s a lie, as many have discovered. Logging in I was first told processing could take up to 5 business days. Then that changed to 7 business days. Now it says 15 business days. The support group is worthless, and there is no ability to speed up the process as far as I can tell. Seems like a great account (even without the great bonus points), but if they can’t even manage to open accounts in a timely fashion I am a little concerned with holding large amounts of cash with them.

  64. There are two links to brex on your website, one for the omaat bonus and the other for the normal bonus. why are both links on your website?

  65. @ bobb jones — The link here is for the Brex Cash product, but we have written in the past about some of Brex’s other products. Maybe that’s what you’re thinking of?

  66. I think i got approved but when logged in, i still saw this message “You’ll have full access to your dashboard as soon as we finish processing your information.”
    Anyone know how long this will take?
    thanks.

  67. I’ve had partial account access for over a week, and received card in mail. Today I got “denied”

    WTF

  68. re 20,000 associated with payroll… the bonus detail on brex notes


    20,000 points
    Deposit sales revenue or run payroll with Brex Cash to earn 20,000 points.
    Payroll providers: ADP, Deel, Extensis, Gusto, Insperity, Intuit Payroll, Justworks, Paychex, Paylocity, Rippling, Sure Payroll, TriNet, WageWorks, Workday, Your People.
    Ecommerce platforms or payment gateways: Amazon, BigCommerce, Braintree, PayPal, Shopify, Square, Stripe, Venmo, Wix, Xoom.
    Brex reserves the right to modify the list of eligible platforms at any time.

    I use paychex would be very link it into brex per the instructions but to not see a link option (like you do with gusto which appears to be native)

    Does running payroll count (ie the ach transaction) or does it actually need to be linked? If linked, any idea where?

    The guidance in the help center makes it seem like one just needs to run payroll via brex cash as the insturctions for “other providers” (ie not gusto which is a native integration) seem to just point the user to the payroll processor bank settings to change the routing and account info

    “How do I connect my payroll to Brex Cash?
    Receive a 20K rewards bonus for linking your payroll to Brex within 3 months of signing up for Brex Cash.

    You can connect Brex Cash to your payroll service using your account and routing numbers found on the Cash Transactions page under View details.

    Deep in the weeds but any help from others appreciated.

    Thanks,
    EGS

  69. Can the Brex Card be used solely for purchases from companies that accept credit cards, or are there other ways to “spend $1k” on the Brex Card (eg, wire transfers, etc)?

  70. @ John — The spending requirement needs to be achieved through the Brex Card, which is a World Elite Mastercard (so that would have to be similar to credit card spending).

  71. Received the Brex card last week following the successful opening of my account. Is there a time limit for when the $1k spend is needed to get the 80k bonus?

  72. Ben,

    How do we connect the paypal/stripe accounts for it to hit. Do we just Hit Add Funds and link bank or what?

  73. Is the 80K offer still valid. When I click on the link it is saying offer has expired. So?

  74. @Ben/@Tiffany: As of 3/2/21 Brex is not honoring the OMAAT 80K bonus – they say it is “paused”.

  75. When Brex realizes the majority of people that signed up for this did it purely for the miles they will regret it.

  76. @Ben/@Tiffany: used your link and opened the account on 2/18. Completed the $1000 purchase using the card on Friday 2/26. Regular points from the purchase have been posted, but still no sign of 80k bonus points as of today which is Wednesday. Do you know when they post the 80k referral points?

  77. @RobertW You may be right that Brex will have concluded that the 80K promotion for OMAAT referrals was not a good idea for Brex, but that doesn’t entitle them not to honor the promotion offer to those who acted on it.

  78. @carolz Brex told me they will not be posting the bonus 80K points – they have “paused” it – it appears they are not honoring the promotion offer. I’m hoping @Ben is investigating but so far I haven’t seen comment from him.

  79. no bonus posted.. its more than a week after the 1000 spend. guess was too good to be true. brex got to collect data for free while they decided to no honor the offer. will wait for sometime and see if points show up.

  80. I applied through your link on Feb 1st, took some time before approval but have now spent over $2,000 on the card but no 80,000 bonus. I did get the 20,000 for payroll link and ongoing spending so I have received about 22,000+ points – all posted VERY PROMPTLY, so why not the 80,000?

    Above I see you are saying one should be patient, but others seem to be in the same position as I.

  81. Ok, I was starting to get skeptical as the process is a little opaque and takes a while between steps, but the 80k bonus points magically hit my account today (Friday), so I’m a believer.

    This was the timeline for anyone feeling anxious…

    • Feb 22 — Applied as an S-Corp. Was “approved” instantly and given a virtual card number, but Brex still needed to time “process” my paperwork before I could actually use the account. The only thing they requested was a copy of my EIN acceptance letter.
    • Feb 25 — Received email that processing was complete and my account was ready to use. I wired money from BofA to Brex that day.
    • Feb 27 — Funds posted and I made my first purchase using the virtual card to hit the $1k spend. No signup bonus yet.
    • Mar 3 — Hit the $3k spend threshold and received 10k bonus points that night.
    • Mar 4 — Physical card arrived in the mail and was insanely easy to activate by text message. Other banks should take note.
    • Mar 5 — 80k bonus points received!

    It’s a little scary since you have no confirmation that the referral link worked or that they’ll honor the 80k bonus points, but I guess the moral of the story is just to stay patient. This was an insane value for very little effort, plus I’m really liking the other perks of Brex so far.

    Thanks so much to Ben + the OMAAT team! 🙂

  82. So far my account has worked flawlessly.

    One question: The Brex BIN for their online card comes up as a cc from Chase Manhattan Bank. Any idea why? Did Brex contract with Chase for the cc?

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