Smart: Brex Adds Bonus Categories For Businesses Working Remotely

Filed Under: Business, Credit Cards
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7x points
Remote collaboration tools
3x points
food delivery
2x points
recurring software
Annual Fee: No Fees for Life*

I’ve written about Brex Card for Startups (review), which is radically different than other business credit cards on the market. It’s essentially a business card targeted at the unique needs of startups and tech companies, though can be useful for other businesses as well.

Brex has just announced some awesome changes that reflect the current reality of most small businesses, as people are working remotely. Not only is this a reason some might want to consider getting Brex, but maybe it’s also some inspiration for other card issuers to update their current product offering.

The basics of Brex

I suggest checking out the Brex Card review for the full details, but just to hit on a few of the highlights that make Brex different other business cards:

  • Brex has interest free net-60 payments, while most credit cards make you pay off your balance within 30 days
  • Brex has dynamic credit limits, based on your projected monthly sales
  • Brex requires no personal guarantee, credit score, or security deposit from the founder(s)
  • Brex offers up to 7x points, and those points can be redeemed as cash back, or can be transferred to select airline partners

Brex Card for Startups introduces new rewards & perks

Recently some positive changes have been announced to the Brex Card for Startups, which reflect the times, and the reality of doing business. Among these changes are a new rewards program, as well as some further cardmember perks.

The new rewards program reflects the operational and business climate that has emerged from the effects of COVID-19.

Henrique Dubugras, the Co-Founder and Co-CEO of Brex, said the following about this move:

“Brex rebuilt the credit card technology stack from scratch precisely to be able to nimbly adapt features that best serve our customers. The economic and public health ramifications of COVID-19 are devastating to many, and Brex wants to do everything it can to help its customers during this time. This new rewards program is one of a number ways we’re adjusting.”

Earn bonus points for working remotely

This alternate Brex Rewards program includes spend multipliers that acknowledge that many Brex customers are not currently benefiting from the existing travel and dining points accelerators.

For context, the card has traditionally offered the following bonuses for Brex Exclusives customers:

  • 7x points on ridesharing, including Uber, Lyft, taxi, scooters, etc.
  • 4x points on Brex Travel, which includes flights, hotels, and Airbnb stays booked with Brex
  • 2x points on recurring software, including Salesforce, GitHub, Slack, and more
  • 1x points on everything else

With this change, cardmembers have the option of replacing those multipliers with categories that reflect their current workplace setups. The bonus categories include the following:

  • 7x Collaboration tools bundle
  • 3x Food delivery bundle
  • 2x Recurring software
  • 1x Everything else

Discounts geared at working remotely

On top of that, Brex is introducing a number of discounts geared towards companies collaborating remotely, including:

  • Up to $100,000 in Amazon Web Services credits (depending on company funding)
  • 25% off Slack for 12 months
  • A discounted three-month starter package on DoorDash DashPass food delivery service
  • 50% off all annual Dropbox Business Standard subscriptions
  • 20% off Zoom

Brex 75K offer

If you are interested in the Brex Card for Startups, note that the card is currently offering a bonus of 75,000 Brex Rewards points when you sign-up and spend at least $1,000.

Bottom line

Brex Card for Startups isn’t for everyone — it’s a very specific kind of business card, and it serves a market segment for which there aren’t otherwise really tailored cards.

I think what’s most noteworthy here is that Brex seems to be the first card issuer to truly adapt card benefits to the current environment. Seeing them shift bonus categories and add perks so quickly that reflect the new reality of business sure is cool.

I’ll be curious to see if any other card issuers introduce similar perks to reflect the climate, given that right now bonus points on travel, as well as lounge access, aren’t exactly valuable perks.

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  1. An unfortunate name for w company as far as canada is concerned.

    BreX was a Canadian miner which swindled billions of dollars from investors, so when I see that name…good thing they dont target Canadians!

    Seems like an interesting product otherwise!

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