Brex Reviews

Brex.com offers a range of features and benefits:

• AI-powered spend management platform: This platform integrates cards, expenses, banking, travel, and bill pay in over 100 countries. It empowers everyone to spend wisely with control over company spend.
• Corporate cards: These cards offer smart global spending with powerful built-in controls.
• Expense management: AI automates approvals and expense reports, allowing real-time tracking.
• Travel: Global travel is simplified with in-app booking and management.
• Bill pay: Time is saved with AI-powered invoice entry and payment automation.
• Banking and treasury: Save, spend, and grow cash with a 4.90% yield from day one.
• High credit limits: Credit limits are based on cash balance.
• Startup-focused rewards program: Earn rewards and cash back on rideshare and recurring software.
• No personal guarantees: There are no personal guarantees required.
• Integration with financial software: Brex integrates with NetSuite, QuickBooks, Workday, WhatsApp, and more.
• No credit check, account fees, and no interest: Brex does not require a credit check, and there are no account fees or interest.
• Auto-generated receipts and built-in controls: These features allow for easy tracking and reporting.
• Access to exclusive events and software discounts: Brex offers access to exclusive events and discounts on popular software.
• Safety and security: Mastercard ID Theft Protection™ helps keep personal information and credit rating safe.
• Discounts on popular software: Save money on software that helps scale business faster.
• Better travel experiences: Enjoy perks at over 2,000 properties worldwide with the Mastercard Luxury Hotel Program.
• Car rental discounts and upgrades: Save on the next rental car, as well as certain flights, cruises, chauffeured cars, private jets, and vacation packages.

Brex offers different pricing plans:

• Essentials: For startups and growing companies. It costs $0 user/month. This plan includes global corporate cards, business account and bill pay with $6M FDIC coverage and 4.92% yield, integrated expense management, real-time spend reporting, and 24/7 support.
• Premium: For mid-sized companies looking to scale. It costs $12 user/month. This plan includes everything in Essentials plus custom expense policies and approvals, in-app travel booking and management, live budgets with real-time tracking, custom procurement workflows, and dedicated support for admins.
• Enterprise: For global enterprises with custom needs. This plan has custom pricing and includes everything in Premium plus local cards and billing in 50+ countries, locally funded payments in 40+ countries, unlimited policy customization, advanced roles and permissions, custom compliance and audit reports, and top-tier onboarding and support.
• Smart purchasing card: For companies that want to simplify procurement. This plan has custom pricing and includes global p-cards accepted worldwide, local-currency cards in 50+ countries, and merchant card controls and custom approvals.

There are no account opening fees or account maintenance fees. The pricing varies based on headcounts and can range from $12,300 to $87,600 annually. For companies with a headcount of approximately 200, Brex contract prices may range from $12,300 to $27,000.

Brex.com Payment Methods:

1. Automatic Payments: Payments are automatically initiated for the statement balance on the last day of the statement period. The amount due includes all cleared transactions within the current statement period.
2. Daily Payment Cycle: Pending card balances are deducted from the Brex business account, and cleared transactions are due the next day.
3. Monthly Payment Cycle: Cleared transactions within the statement period are collected from the autopay account on the last business day of the statement period.
4. Funding Sources: Payments can be pulled from a pre-designated funding source, such as the Brex business account or an external bank account via ACH.
5. Manual Payments: Payments can be initiated manually towards the account balance through the Brex dashboard.

Ensure the autopay account balance is sufficient to cover the automatic withdrawal to avoid affecting the credit limit.