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2021 Review: Brex Daily Card — Best for No Personal Guarantee?

Updated Feb 22, 2021 | Published Feb 19, 20214 min read

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Brex Daily Card

Min Credit Level Eligibility determined by business financials
Annual Fee $0
Regular APR Not Applicable - Paid in Full Daily
At a glance

The Brex Daily Card is a unique business card that doesn’t require a personal guarantee. Instead, Brex looks at your business financials to determine your eligibility. The Brex Daily card offers valuable rewards and benefits, and is paid every day from your Brex Cash account balance.

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Our Rating: 5 Out of 5 Stars

Why We Like It

  • Your choice of three valuable industry-specific rewards programs
  • Benefits include several thousand dollars in statement credits and discounts for business tools and services
  • Proprietary expense management systems, including receipt-matching, intelligent reconciliation, and more
  • Available with no personal guarantee and no personal credit check
  • Credit limit is 80% of your Brex Cash balance
  • No annual fee or foreign transaction fee

Why It Could Be Better

  • Only available to businesses that meet relatively strict criteria
  • Not available to sole proprietors
  • Misses some major business-related spending categories, such as telecom services and shipping
  • Limited point transfer options

Brex Daily Card

Min. credit levelEligibility determined by business financials
Details
Annual Fee$0
Regular APRNot Applicable - Paid in Full Daily
Apply Now

securely on the issuer's website

  • Choose either Tech Rewards, Life Science Rewards, or Remote Workforce Rewards
  • $5,000 in Amazon Web Services credit over a year
  • $150 in Google Ads credit
  • 5% rebate on Microsoft ad products
  • 40% off your first 12 months of QuickBooks
  • 25% off an annual Monday.com subscription
  • No foreign transaction fee
  • No annual fee
  • Not available to consumers, sole proprietors, unregistered businesses, and other non-individual liability companies

Insider Advice: Getting the Most Out of Your Card

  • Pair it with Brex Cash: The Brex Daily card has to be paired with a Brex Cash account. Your card balance will be paid daily from your Brex Cash balance, so there’s no interest to worry about and you’ll never get behind on payments.
  • Pick Tech Rewards, Life Science Rewards, or Remote Workforce Rewards: You can choose from one of three comprehensive rewards programs to fit your typical business expenses. If you’re tech-focused, you can earn on software and eligible Apple products; life sciences companies can earn on conference tickets and lab supplies; and companies with remote workers can earn on collaboration tools, food delivery, and software.
  • Pay for ads: Some modern businesses spend big in the ad realm, and all three of the Brex card’s rewards programs earn 1.5X points per dollar on those purchases.
  • Take advantage of the card benefits: In addition to its more traditional point-based signup bonus, Brex provides new cardholders with thousands of dollars in statement credits and discounts for services that many up-and-coming businesses will likely find useful.
  • Redeem points to reduce your account balance: The Brex card earns points relatively quickly if you play your cards right, and the company allows statement credit point redemptions at a rate of 1 cent per point.
  • Redeem points through Brex Travel: Thanks to negotiated rates, redeeming points through Brex Travel may allow you to score an exceptional deal on your next business excursion.
  • Transfer your points when it makes sense: Brex allows 1:1 point transfers to select airline loyalty programs, which may allow you to boost your return on spend beyond the 1-cent-per-point value that Brex offers.

The Rewards

Earning

Tech Rewards
  • 8X points per dollar on:
    • Rideshares
    • Taxis
  • 5X points per dollar on:
    • Flights booked through Brex Travel
    • Hotels booked through Brex Travel
  • 4X points per dollar on Dining
  • 3X points per dollar on:
    • Recurring Software purchases
    • Eligible Apple products via the Brex portal
  • 1.5X points per dollar on Ad purchases
  • 1X point per dollar on every other purchase
Life Sciences Rewards
  • 8X points per dollar on Conference tickets
  • 5X points per dollar on:
    • Flights booked through Brex Travel
    • Hotels booked through Brex Travel
  • 3X points per dollar on eligible Apple products via the Brex portal
  • 2X points per dollar on Lab supplies
  • 1.5X points per dollar on Ad purchases
  • 1X point per dollar on every other purchase
Remote Workforce Rewards
  • 8X points per dollar on Collaboration tools
  • 4X points per dollar on Food delivery services
  • 3X points per dollar on Recurring Software purchases
  • 1.5X points per dollar on Ad purchases
  • 1X point per dollar on every other purchase
Introductory Bonus
  • 10,000 bonus points for spending $3,000 in the first 3 months; 20,000 bonus points for linking payroll to Brex Cash (Brex Cash customers only)

Redeeming

You have three point redemption options:

  • Statement credits
  • Gift cards
  • Travel

And you can also transfer your points at a 1:1 ratio to a variety of airline mile programs, covering several airline alliances. As of publication, Brex’s airline partners are:

Airline Partners
Aeromexico Club Premier Air France/KLM Flying Blue Asia Miles Avianca LifeMiles
Emirates Skywards JetBlue TrueBlue Qantas Frequent Flyer Program Singapore KrisFlyer

The Benefits

Few business cards provide this much value in the way of statement credits, and that’s definitely one way Brex overtakes its competitors. Plus, it certainly helps that a lot of the services available through these benefits are precisely tailored to benefit blossoming corporations.

  • Statement credits: $5,000 for Amazon Web Services, $150 for Google Ads, $500 for Twilio, $1,560 for SendGrind, $5,232 for ZenDesk, and 15% off WeWork, among others
  • Brex Travel: This portal allows you to book corporate travel, reportedly offering potential savings ranging from 30%–60%. Brex Travel also allows cardholders to save unique travel profiles with frequent flyer information.
  • Proprietary expense management tech: Perks like transaction data cleanup and receipt capture help make it easier to record and organize expenses.
  • Seamless integration with modern accounting tools: Connect your Brex account with software like Quickbooks, Expensify, and Xero.
  • Virtual cards: Before you get your physical card, you’ll receive immediate access to virtual versions of your Brex card, so you can make purchases online and by phone ASAP.
  • U.S.-based support: Phone, email, and chat options offer versatile, convenient support when you need it most.
  • Fraud monitoring: Round-the-clock fraud monitoring featuring a blend of machine intelligence and human analysis helps safeguard your personal information.

Remote Collaboration Benefits

On top of the card’s typical benefits, Brex is offering several additional perks to help serve remote workforces, including:

  • 20% off an annual Zoom subscription
  • 25% off 12 months of any eligible Slack plan
  • 50% off an annual Dropbox subscription
  • 3 months of discounts on DoorDash
  • $100,000 in incremental AWS (Amazon Web Services) credit
  • 25% off an annual Monday.com subscription

The Terms & Fees

Annual Fee Foreign Transaction Fee
$0 None

The Brex Daily card is paid every day from your Brex Cash account. So you don’t have to think about interest rates, late fees, returned payment fees, or anything else like that.

How Do I Apply for the Brex Daily Card?

Follow the link below to apply for the Brex Daily card. You must first open a Brex Cash account, which will pay for your card balance each day.

What Credit Scores Do I Need to Qualify for the Brex Daily Card?

Your personal credit scores are not involved in the Brex Daily card application, and a personal guarantee is not required. Instead, Brex takes a look at your business financials, like how much money you have in the bank, your revenue, and your funding status.

Qualifications and Requirements

  • You must:
    • Have a Brex Cash account
    • Work for a corporation or another non-individual liability company
    • Be organized and registered in the U.S. (such as a C-Corp, S-Corp, LLC, or LLP)
    • Have an employer identification number (EIN)
    • Have professional investors
  • You can’t qualify for a Brex card if:
    • You are a sole proprietor, an unregistered business, or a consumer
    • You are involved in any of Brex’s prohibited activities (gambling, prostitution, get-rich-quick schemes, and more)

Brex Daily Card

Min. credit levelEligibility determined by business financials
Details
Annual Fee$0
Regular APRNot Applicable - Paid in Full Daily
Apply Now

securely on the issuer's website

  • Choose either Tech Rewards, Life Science Rewards, or Remote Workforce Rewards
  • $5,000 in Amazon Web Services credit over a year
  • $150 in Google Ads credit
  • 5% rebate on Microsoft ad products
  • 40% off your first 12 months of QuickBooks
  • 25% off an annual Monday.com subscription
  • No foreign transaction fee
  • No annual fee
  • Not available to consumers, sole proprietors, unregistered businesses, and other non-individual liability companies
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Written by

Brendan Harkness

Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.

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