Brex has just made an announcement that should allow it to offer even more services to businesses. This has the potential to be some exciting new competition in the business credit card space, especially with Brex having its own points currency.
Continue reading: Brex Applies For Bank Charter
Share your questions, experiences, and thoughts below.
I guess maybe that’s what they have been doing instead of reviewing my application for the last 21 days?
The frozen funds and accounts of your readers will provide excellent starting capital!
The ACH number associated with my Brex accounts is with Radius bank in Boston. Perhaps they are changing associations.
Last week I participated in a focus group interview for their upcoming credit card. Seems like it will be a similar reward structure as the current cash card.
Why would you name your financial company so similar to a financial disaster like Brexit?
Re: bhcompy. The Brexit referendum took place 23 June, 2016 and Brex was founded January 3, 2017 - so you're completely right. Very peculiar. BR maybe for Brazil (origin of founders) and Ex for what? Exchange? Excitement? Maybe the only four letter domain name they could muster?? Still waiting for approval (likely denial) on this.
One would think the 777 grounding would be bigger news...but I guess you haven’t found a way to monetize that story yet...
For some reason I can't log in to Ask Lucky to respond to Tiffany, but BREX is unable to process a single in-person international transaction with its Mastercard product. Not one. The CS # on the back goes to Brex and they want you to whitelist the merchant. I was told that repeatedly. So forget about using this card when you're out of the country. You're a travel site with high-end clientele and the hassle of trying to use this product is utterly ridiculous. Getting your card declined at luxury resorts and restaurants is embarrassing. Calling in after EVERY attempt to unlock the card while you're half way around the world is insane. The advice I was given multiple times was "call us and then go back to the merchant 24 hours later for processing." Really? That's your advice when dining out? Guess I'll be washing dishes in the back.
Brex is not ready for primetime yet. They need to invest more in their infrastructure and relaunch later this year.Lucky you should stop pumping them.
Please stop hawking Brex. It's a disservice to your readers. And, ultimately, to OMAAT.
@ Fcflyer -- I asked about this, and they said they had been made aware of a single issue where a brand-new cardholder made their first transaction ever with the card internationally, and it was thus flagged by Emigrant Bank (who runs their credit card network) for fraud. Is this you?
Either way, this is actually a very common fraud trigger for Mastercard across the board. If you were to use your card first for even a single domestic transaction (including using the virtual card online), I doubt you would have had any issues.