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Brex Card for Ecommerce Review

Brex Card for Ecommerce Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Nov 25, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If your online business is in need of short-term financing, but you don’t want to pay the fees or interest charges that typically come with traditional loans or cash advances, you may want to take a look at the Brex For Ecommerce card.

The Brex For Ecommerce card, designed for ecommerce businesses, allows cardholders to carry an interest-free balance for 60 days. Plus, the card grants credit limits of 50% to 100% of your company’s projected monthly sales — up to $5 million.

Keep in mind that in order to be eligible for the card, your company needs to have a minimum of $100,000 in monthly sales and must have been in operation for at least one year.

In this review, we’ll break down the pros and cons of the Brex For Ecommerce, and show how it compares to the Ink Business Unlimited℠ Credit Card.

In this post:

Where the Brex For Ecommerce stands out

Brex For Ecommerce

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  • $0 Annual Fee & No Foreign Transaction Fees.

  • 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)*

  • 60-day interest-free non-revolving credit for e-commerce businesses. Pay for your inventory today and you'll have 60 days to pay Brex back.

Highlights
  • 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)*
  • 60-day interest-free non-revolving credit for e-commerce businesses. Pay for your inventory today and you'll have 60 days to pay Brex back.
  • Credit card limit is up to 75% of your business's monthly sales (with maximum credit limit of $5 million).
  • $100,000 in monthly sales required to qualify for Brex.
  • No personal guarantee needed - we do not ask for a personal credit check or security deposit during the application.
  • Instant approvals and access a virtual card immediately for online and recurring transactions. Seamlessly add new users, issue new cards, and set specific spending limits.
  • Enjoy worldwide acceptance with no foreign transaction fees.
  • Make employee expenses seamless - automated receipt-capture and expense matching and reconciliation via text and email.
  • Simplify reconciliation with built-in integrations with Quickbooks, Xero and more.
  • Never liable for unauthorized transactions. Your account stays secure with 24/7 real-time fraud monitoring.

See additional details for Brex For Ecommerce

More Info

Introductory bonus. Cardholders receive 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)*.

Points can be redeemed for a statement credit, cash back or business travel through Brex Travel. Points can also be transferred to several travel loyalty partners, including JetBlue TrueBlue, Air France KLM Flying Blue and AeroMexico Club Premier.

60-day payment terms. Instead of the typical month-long billing cycle offered by most credit cards, the Brex For Ecommerce gives you 60 days to pay your card balance.

For example, if you make a purchase using your Brex For Ecommerce today, you will be responsible for paying the total amount back in 60 days. If you make a purchase tomorrow, you will be required to pay the total amount back 61 days from today.

No personal liability. Because Brex underwrites the company and not the individual, the card does not require a personal guarantee. Therefore, your personal credit score will not be impacted, even if you are not approved for the card.

No additional fees. The Brex For Ecommerce does not charge fees or interest — unlike providers of traditional loans, merchant cash advances, working capital loans and other financing options. However, you will not be able to revolve a balance on the card beyond the 60-day period.

Additionally, you will incur an annual fee of $0.

Additional benefits

  • Instant approval
  • 24/7 fraud protection
  • U.S. based support team
  • Expense management tools

Where the Brex For Ecommerce falls short

Eligibility limitations. To be eligible for the Brex For Ecommerce, your company must have been in operation for at least one year and make a minimum of $100,000 in monthly sales. Note that sole proprietorships are not eligible to apply.

For online businesses only. The Brex For Ecommerce is designed exclusively for online brands and retailers, and not brick-and-mortar businesses.

Cannot earn points on purchases. While the Brex For Ecommerce offers a sign-up bonus, it does not allow cardholders to earn additional points when they make purchases using their card.

However, cardholders are eligible to receive special discounts on products and services to help run and grow their businesses. For example, cardholders can receive up to $150 in Google Ads credit, a 20% discount on an annual Zoom membership and a 50% discount on the first year of business credit services from Experian. Terms may apply.

Compare it to the Ink Business Unlimited℠ Credit Card

If you have a sole proprietorship, if your business simply doesn’t produce $100,000 or more each month or if you think you’ll need to revolve a balance longer than two months — but you still want to enjoy an interest-free time period to pay back business purchases — you should consider the Ink Business Unlimited℠ Credit Card.

See how the cards compare side by side in the table below.

Brex For Ecommerce Ink Business Unlimited℠ Credit Card
Sign-up bonus 75,000 in Brex Rewards points upon signup and waived card fees for life (equal to $750+ value)* Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
Rewards N/A Earn unlimited 1.5% cash back on every purchase made for your business
Intro APR on purchases N/A 0% Intro APR on Purchases for 12 months
Regular purchase APR N/A 13.24% - 19.24% Variable
Annual fee $0 $0
Foreign transaction fee None 3% of each transaction in U.S. dollars.

In addition to a $0 annual fee, the Ink Business Unlimited℠ Credit Card offers cash back on every purchase. Cardholders earn unlimited 1.5% cash back on every purchase made for your business. Plus, earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening. Rewards can be redeemed for cash, gift cards, travel and Apple Ultimate Rewards Store purchases.

Unlike the Brex For Ecommerce, the Ink Business Unlimited℠ Credit Card allows cardholders to carry a balance past 60 days. In fact, new cardholders receive an introductory APR on purchases of 0% Intro APR on Purchases for 12 months, then a regular APR of 13.24% - 19.24% Variable applies.

The bottom line

If you are the owner of an ecommerce business that generates $100,000 or more in revenue each month, the Brex For Ecommerce offers a great opportunity to finance purchases without incurring fees or interest charges for 60 day periods and without impacting your personal credit.

However, if your business brings in less than $100,000 per month, or if you have a brick-and-mortar business, the Ink Business Unlimited℠ Credit Card is a good alternative. Along with earning cash back on every purchase, cardholders can finance business expenses for an entire year without paying interest.

The information related to the Ink Business Unlimited℠ Credit Card has been independently collected by CompareCards and has not been reviewed or provided by the issuer of this card prior to publication.


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See additional details for Citi® / AAdvantage® Executive World Elite™ Mastercard®

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