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Brex Daily Review

Brex Daily Review

Rewards
8x Rideshare, 5x Brex Travel, 4x Restaurants, 1.5x Ads, 1x Everything else
No Account Fees or Minimums
Free to send ACH and wire transfers—even internationally
Online Account Management
Deposit checks, see yourr balance, and access or lock your cards all from the mobile app
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
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.

Who is the Brex Daily card best for?

With generous rewards, a lack of fees and interest, and useful expense management tools, the Brex Daily is a corporate credit card with a lot to like. Note that if your business is a sole proprietorship, this isn’t the card for you — Brex has some stringent eligibility requirements. But for C-corps, S-corps, LLCs and LLPs registered in the United States, this card is a strong option for managing your cashflow.

Brex also offers partner perks, which are valuable credits and discounts for useful business services. For example, cardholders can get 25% off 12 months of eligible Slack paid plans, as well as a 20% discount on an annual Zoom subscription. The partner perks you get with your card are worth $150,000 in value, according to the Brex website.

However, the Brex Daily isn’t for everyone. If you don’t want to manage your money with a Brex Cash account (more on that below), or if you don’t like having payments withdrawn from your account each day, a traditional small business credit card might fit your needs better than the Brex Daily .

Brex Daily card overview

    • Replace your bank account with Brex Cash Brex Cash is a bank account alternative designed with your time and money in mind. With the Brex card, it’s your new financial OS.
    • No account fees or minimums
    • Free to send ACH and wire transfers—even internationally
    • Avoid late vendor payments with tools to schedule recurring payments in advance
    • "Deposit checks, see yourr balance, and access or lock your cards all
    • from the mobile app"
    • Brex Treasury LLC is not a bank; Brex Cash is not a bank account
    • Your Brex account includes a credit card to spend funds while building business credit—with no personal guarantee. Your card is automatically paid daily, like a debit card (not intended for cash withdrawal). The best part? This card comes standard with high-value rewards.
    • 8x Rideshare, 5x Brex Travel, 4x Restaurants, 1.5x Ads, 1x Everything else.
    • Manage your cards and cash in a single dashboard
    • Cut your month-end close time in half thanks to integrations with QuickBooks, Xero, and Expensify
    • Customer support from phone, chat, and email
    • Get discounts on top services to run your company. Compared to an average of $500 in typical business credit card bonuses, Brex partner offers total $150,000 in value. Redeem anytime.
  • Credit needed:
    850
    Excellent/Good
  • Brex can sync with a variety of software products to make your bookkeeping easier
  • Set customized rules for merchants, departments, users, and cards to control how transactions appear
  • Issue an unlimited number of employee cards, set custom limits, and track spending

Intro Purchase APR

N/A

Regular Purchase APR

N/A

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0

Cash Advance Fee

N/A

Foreign Transaction Fee

None

Balance Transfer Fee

N/A

Pros and cons of the Brex Daily card

Pros

  • No personal guarantee required
  • Earn generous rewards
  • Potentially high credit limit
  • $0 annual fee
  • 24/7 concierge service

Cons

  • You need a Brex Cash account
  • Payments taken daily from your account
  • Not all businesses are eligible

What we like about the Brex Daily card

  • Apply without a personal guarantee

    Most business credit cards require a personal guarantee, meaning that you — the business owner — are personally responsible for all debt incurred. By contrast, Brex issues a corporate credit card that doesn’t require a personal guarantee, and doesn’t carry the risk of hurting your personal credit score.

  • Rake in the rewards

    Cardholders earn generous rewards in a variety of categories: 8x rideshare, 5x brex travel, 4x restaurants, 1.5x ads, 1x everything else. Points can be redeemed for cash back, statement credits, travel, and gift cards. You can also transfer points at a 1:1 value to certain airline loyalty programs.

    Brex offers the following airline partners:

    • Aeromexico
    • Air France KLM
    • Asia Miles
    • Avianca
    • Emirates
    • JetBlue
    • Qantas
    • Singapore Airlines
  • Potentially high credit limit

    Your credit limit with the Brex Daily is calculated as 80% of your Brex Cash account balance. So, depending on how much you keep in your Brex Cash account, you could get a high credit limit with your Brex Daily .

  • Lack of an annual fee

    Many of the higher-end business credit cards charge an annual fee, which means any rewards the card earns aren’t really net cash back in your wallet until you recoup the fee amount — so we like that the annual fee for the Brex Daily is $0.

  • Concierge assistance with travel

    Brex makes a team of corporate travel agents available to cardholders 24/7 for a variety of needs.

What to look out for with the Brex Daily card

  • A Brex Cash account is required

    Brex Cash is a cash management account, not a bank account. By default, money you deposit into your Brex Cash account is stored at one of the FDIC-insured banks that participates in this program. You also have the option to move some of your money to a money market account, which might allow you to earn interest on your deposits. If you want the Brex Daily , you have to have a Brex Cash account, which might not be ideal for business owners who want a business credit card but don’t want to change where they keep their money.

  • Payments withdrawn from your account daily

    This isn’t a debit card, but in one respect, it’s somewhat like a debit card. Because payments will be withdrawn from your Brex Cash account each day to cover what you charge to the Brex Daily , you need to have the money ready to go before you make a purchase. That could be a challenge if the way your business operates makes paying off your card on a weekly or monthly basis easier to swing.

  • Certain business types aren't eligible

    Brex does not allow businesses without Employer Identification Numbers to apply. Also, your company must be organized and registered in the United States to get this card. Finally, there are certain activities that Brex prohibits or restricts, so you won’t be able to get this card if your business pertains to firearms, gambling, or marijuana, for example.

Alternate business card to the Brex Daily

Compare it to the Ink Business Cash® Credit Card

| Disclosures
Ink Business Cash® Credit Card
Ink Business Cash® Credit Card
on Chase's secure site
0% Intro APR on Purchases for 12 months
14.74% - 20.74% Variable
$0
Earn 5% cash back on the first $25,000 spent in combined purchases
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases
750 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Those who don’t need a corporate card and just want a small business card that earns generous rewards may like the Chase Ink Business Cash® Credit Card. It charges a $0 annual fee and offers competitive rewards on common business spending categories: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. But beware the foreign transaction fee of 3% of each transaction in U.S. dollars.

Comparing the Brex Daily to similar cards

Comparison of four different credit cards
Brex Daily Ink Business Cash<sup>®</sup> Credit Card American Express Blue Business Cash™ Card The Plum Card<sup>®</sup> from American Express
Brex Daily Ink Business Cash® Credit Card American Express Blue Business Cash™ Card The Plum Card® from American Express
Read Review
Apply Now
on Chase's secure site
Apply Now
on American Express's secure site
Terms Apply
Apply Now
on American Express's secure site
Terms Apply
Annual Fee
$0 $0 No annual fee $250
Rewards Rate
8x Rideshare, 5x Brex Travel, 4x Restaurants, 1.5x Ads, 1x Everything else Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn. Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% Get a 1.5% discount when you pay early, with no cap on what you can earn back.
Welcome Offer
N/A Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening. $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months N/A
Regular APR
N/A 14.74% - 20.74% Variable 15.49% - 23.49% Variable N/A
Recommended Credit
Excellent/Good Excellent Excellent/Good Excellent/Good
Card Details
Brex Daily Ink Business Cash® Credit Card American Express Blue Business Cash™ Card The Plum Card® from American Express

Is the Brex Daily card right for you?

If you’re looking for a corporate card that doesn’t require a personal guarantee (and so won’t affect your personal credit), and you like the rewards and money management tools offered by the Brex Daily , you’ll likely find the card a unique and powerful tool. But if you want a card that doesn’t require daily payments, or if you don’t want to have to move your money over to a Brex Cash account, a traditional small business credit card might be a better option.

The information related to the Brex Daily has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.