Ramp Corporate Card: Rewards And Expense Management In One

It’s always a positive moment when your business is expanding. Growth also brings added expenses, more delegated responsibilities, and a need for tighter controls. That’s where the Ramp Corporate Card excels. Your team needs to make business purchases. Get rewarded for every purchase and simplify your expense process with the Ramp Corporate Card.

Key Takeaways:

• Ramp Card has unlimited 1.5% cashback on all purchases.

• Included expense management software simplifies your expenses by tackling five processes in one place.

• This card is great for start-ups and businesses that empower their employees to make necessary purchases while implementing policies and controls.

Valuable Rewards and Benefits

No one wants to break out the calculator or dig through the fine print to find the cash value of a rewards program. With Ramp, you won't have to. They keep it simple with unlimited 1.5% cash back on each purchase.

There are no purchase categories or converting points to dollars or airfare. You’ll redeem a flat rewards percentage across the board on every purchase. Unlike many business credit cards, Ramp avoids unnecessary fees to help your start-up save money.

• No annual fee

• No set-up fees

• No card replacement fees

• No late payment fees

• No interest (you pay your full balance every billing cycle)

Their corporate cards give you the freedom to spend and operate efficiently by offering features like–

• Higher credit limits

• Unlimited physical and virtual cards

• Spend control policies at scale or individual cards

• Up to $175,000 in partner rewards through services and discounts

Expense Management Software

One appeal of the Ramp Card is cash-back rewards, but the real star of the show is the expense management software. This five-in-one software saves you money on expenses (3.5% on average) and makes your life easier with everything in one place. No more switching software to access–

• Reimbursements

• Bill Pays

• Accounting

• Reporting

• Managing and approving expenses

How often is your team chasing receipts for tiny purchases? Ramp’s software auto-generates receipts for amounts under $75, so your team can focus on work that matters. Approving expenses and generating reports is a breeze too with real-time views.

Earning purchase rewards doesn’t greenlight overspending. Ramp has impressively precise controls that limit purchases at certain vendors. Set spending caps on purchase categories for the whole company or a single card.

Establish company-wide compliance to keep spending under control. Then, enhance the power of this software with 1,000+ software integrations at companies you already use. Ramp’s expense management “talks” to apps including:

• Gmail

• Outlook

• Amazon Business

• Slack

• Gusto

• QuickBooks

• Workday

• Square

• Sage

How to Qualify for a Ramp Card

Ramp doesn’t use your personal credit score to qualify for a corporate card. You’ll also avoid the liability associated with a personal guarantee. If things go south, your business is on the hook, not you.

Ramp assesses your cash flows, revenues, and bank balances to determine your eligibility and your credit limit. Their proprietary underwriting process enables credit limits 10 to 20 times higher than average. Granting you the buying power you need to keep things running smoothly. To apply, come prepared with these qualifications:

1. At least $75,000 in cash in a US business bank account

2. Most operations and spending are in the US

3. A business bank account to connect to your Ramp Card

4. Your EIN and company formation information (tax documents or articles of incorporation)

5. A business email address

6. Be registered in the US as a corporation, LLC, or LP

Apply for your Ramp Card

Ramp Card Vs. Brex

Brex is likely Ramp’s biggest competitor, but we’ll show how they compare so there’s no doubt about which is best.

	Ramp Corporate Card	Brex Corporate Card
Purchase Rewards	1.5% Cashback on all purchases.	• Earn 1 Point for every US dollar spent. • Redeem cash back at a rate of 1 cent per point. • Statement credit redemption is 0.7 cents per point.
Minimum Requirements	At least a $75,000 bank balance and an EIN	At least $1 million in annual revenues, or more than 50 employees, or has received an equity investment.
Personal Guarantee?	No	No
Personal Credit Check?	No	No
Annual Fee	None	None
Set Up Fee	None	None
Number of cards issued	Unlimited	Unlimited

Overall, Brex is less accessible to businesses that are just starting, but the two are the same in aspects like personal guarantees and credit checks. Ramp also offers a higher cash redemption value compared to Brex. You can clearly see who we think is the winner.

Who Should Get The Ramp Card?

The Ramp Card is for start-ups looking for the sweet spot between freedom and control. Freedom to spend on the business, issue employee cards at will, and liberation from excessive fees.

On the back end, customizable controls curb overspending and help you run a tight ship. If these resonate with you, switching to Ramp might be a good call.

• You don’t want to decipher a complicated rewards program to redeem cash rewards. Cash-out with ease by getting a flat 1.5% cash back on every purchase.

• You think business credit cards seem risky since carrying a balance means paying interest. With a corporate card from Ramp, you’ll pay your balance in full each month, so there are no interest charges.

• The idea of being personally liable for your business's expenses is off-putting to you. With Ramp, there’s no personal guarantee and no personal credit check.

• You need more than just a corporate card. You want a system that simplifies your expense management process and saves money.

Ready to streamline your expense process and “Ramp” up your rewards?
Apply for the Ramp Corporate Card today!