Ramp Visa Corporate Card: Streamline Business Spending and Earn Cash Back

The Ramp Visa Corporate Card is one of the best options for more complex businesses that need a robust automated expense management platform that helps wrangle expenses and keep your finances organized. Many cardholders report that they are very happy they made the switch and wouldn’t go back to a traditional card because of the time-saving bells and whistles that come with the card.

A highlight of the card is that it’s customizable and highly automated. You can set limits on employee cards, set parameters on the type of spending and create processes for paying vendors. It also includes Visa Signature Business benefits which offer some protections that are otherwise lacking since this is a $0 annual fee card.

Application requirements differ from a typical personal credit card, but are in line with other corporate credit card requirements. One perk is that it doesn’t require a personal guarantee. But it’s a charge card, so you do need to pay off your card in full each month.

Annual fee: $0

Regular purchase APR: N/A

Foreign transaction fee: $0

Sign-up bonus: $250

Rewards: Up to 1.5% cash back on all card spend

Other benefits:

• Unlimited corporate cards
• Integrates with other business tools
• Visa Signature Business benefits
• Over $350k in partner offers

Recommended credit: See website for details*

• Suite of business tools

  A key selling point of the Ramp Visa Corporate Card is that it comes with a variety of tools that will make your job as a business owner easier. Some companies may find that they no longer need some of the business tools that they use because of the variety of features Ramp includes.

  • Get free employee cards immediately. In a few clicks, you can customize them with spending parameters and also track expenses in real time.
  • Set up controls that keep spending in line with company policy. You can create virtual cards for spending and use them to easily track expenses for specific categories, departments or vendors. You can also add restrictions to automatically deny out-of-policy spending and flag questionable spending.
  • Submit expenses easily through SMS or mobile app integrations by snapping and sending a picture of receipts. Ramp automatically categorizes transactions.
  • Create personalized workflows to notify the right people based on the amount of type of expense.
  • Integrates seamlessly with your existing finance tools and creates systems that make issuing purchase orders and onboarding new vendors a breeze.
  • Supports payments to 195 countries in more than 40 currencies so your business can expand without worry.

• $0 annual fee

  The Ramp Visa Corporate Card has a $0 annual fee, which is on par with similar business credit cards, and very good for all of its features. If you’re looking for more robust rewards on business expenses or travel, then a card like the Ink Business Cash^® Credit Card may be better. It has a $0 annual fee and comes with valuable purchase protections and travel benefits, though it lacks the automated accounting features of the Ramp Visa Corporate Card.

• Earns rewards

  Cardholders earn a respectable Up to 1.5% cash back on all card spend on all card spend. This is a good setup for business owners who prefer simple rewards, since you don’t have to track categories or worry about redeeming points. In comparison, the Brex For Startups offers higher rates on certain categories. You can earn points on every dollar spent with industry-leading multipliers: 7x on rideshare, 4x on Brex travel, 3x on restaurants, 2x on software subscriptions and 1x on all other transactions. You can potentially earn more rewards and get a higher value by strategically redeeming these points for travel, but that requires more work.

  Also, unlike some cards like the Ink Business Cash^® Credit Card, the Ramp Visa Corporate Card doesn’t put a cap on your earnings.

• $0 foreign transaction fee

  Since the Ramp Visa Corporate Card has $0 foreign transaction fees and is a Visa Signature Business card, you can feel comfortable taking it as your primary card when work takes you outside the United States.

• No personal guarantee

  You don’t need to personally guarantee the Ramp Visa Corporate Card. Instead, your company’s financial health is taken into consideration when you apply. Ramp looks at your company’s cash balance, cash flow and revenue to determine eligibility.

• Possible sign-up bonus

  Currently, there is a $250 sign-up bonus for successful applicants, with no minimum spend required.

  → Find credit cards with sign-up bonuses

• Partner benefits

  Cardholders have access to over $350,000 in partner rewards in an array of industries from arranging travel to the tools your team uses internally. Perks range from free trials and credits to waived fees and discounts on subscription services.

• Offers Visa Signature Business benefits

  The Ramp Visa Corporate Card is a Visa Signature Business credit card which includes benefits like travel and emergency assistance, auto rental collision damage waivers, purchase security, extended warranty protection and Visa Signature Concierge.

  → Learn more about Visa Signature benefits

• Must pay balance off monthly

  The Ramp Visa Corporate Card is a charge card, which means that you have to pay off your balance in full each month. This could be a challenge if your business needs more flexibility to manage your business finances. But if you have a good handle on your cash flow and keep good tabs on your budget, this is less of a drawback.

  If you’re looking for business financing, consider a startup loan that gives you access to funds needed to grow your business.

  → Learn how to get a startup business loan

• Not issued by a major bank

  The Ramp Visa Corporate Card is issued by Celtic Bank, not a major, more recognized bank, which may limit you in terms of accessing additional business resources. Unlike Chase, Capital One and U.S. Bank, which have numerous locations nationwide, Celtic Bank only has one branch in Salt Lake City.

  Celtic Bank does offer a range of business products and have global connections, so its small brick and mortar footprint is mainly a concern if you like to do business in person.

• Only available to registered businesses

  Your business must be registered as a corporation, limited liability company or limited partnership to qualify for this card. Nonprofit organizations that meet these requirements are also welcome to apply. However, individual business owners or sole proprietors are currently not eligible.

  As proof of eligibility, you’ll need to include your employer identification number (EIN) or — if you are not a U.S. citizen — your foreign passport and documentation of address.

  Other application requirements include:

  • Personal address and information of one corporate officer
  • Up to three to six months of bank statements
  • Incorporation details
  • Linking your bank account during the application process
  • A business email address

  → See the best business credit cards for startups

• Requires a minimum $25,000 bank balance

  The Ramp Visa Corporate Card is not a secured credit card, but you need proof of at least $25,000 available in a bank account linked to your application. Although you only need to show proof of funds, this is a considerable amount and one that many businesses may not have.

Ramp Visa Corporate Card vs. Brex For Startups

The Brex For Startups credit card is very similar to the Ramp Visa Corporate Card as it comes with an expense management platform that streamlines and expedites bookkeeping. It’s geared for businesses with larger budgets, often from venture capital, and uses your cash flow or funding to establish credit limits. There’s a $50,000 minimum cash balance to be considered for the card — double what the Ramp Visa Corporate Card requires — but some businesses may qualify for a lower minimum.

Brex has a stronger focus on startups and tech companies and supports multiple currencies. Your account comes with a variety of banking features like a cash management account and access to a money-market APY. Also, it offers a more complex rewards structure tailored to common spending categories for startups: ride-sharing services and taxis, travel and software.

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Ramp Visa Corporate Card vs. The American Express Blue Business Cash™ Card

The The American Express Blue Business Cash™ Card is a good choice if you have a smaller business that takes you away from home or you need short-term financing or a flexible credit limit. It comes with an introductory offer of 0% on purchases for 12 months from date of account opening, then 17.49% - 27.49% Variable (see rates & fees). It has a high, simple rewards rate that’s capped at $50,000 in annual spending, so is best for businesses with smaller budgets.

Other card features that help your business, though not as broad as the Ramp Visa Corporate Card, include employee card limits and mobile receipt management.

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Ramp Visa Corporate Card vs. Ink Business Cash^® Credit Card

The Ink Business Cash^® Credit Card is an excellent credit card choice for smaller businesses that don’t need a complex expense management platform and want to earn top rewards on business purchases. It offers a variety of business tools and protections when you use your card, including primary auto rental coverage, travel and emergency assistance and extended warranty coverage.

This $0 annual fee card comes with a generous sign-up bonus and tiered cash back rewards that let you earn up to 5% in categories that many businesses spend heavily in: office supply stores, internet, cable and phone services. 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. You’ll earn flexible rewards that can be redeemed in a variety of ways, including for cash back and travel.

The card also has a 0% Intro APR on Purchases for 12 months, then 17.49% - 25.49% Variable APR, which may be helpful if you have a large expense that you’d like to pay off over time.

If streamlining expense management and avoiding personal liability is a top priority, then the Ramp Visa Corporate Card is a good choice if you meet all of the other application requirements.

That said, if you don’t qualify or won’t use the tools it offers, a more traditional business card like the The American Express Blue Business Cash™ Card or Ink Business Cash^® Credit Card are good options.

We use an objective rating and ranking system that evaluates over 200 credit cards from more than 50 issuers. All recommendations are made by LendingTree’s editorial team, completely independent of affiliate partnerships or compensation. Every card is selected based on its merit and ability to help people achieve their financial goals. We use the following criteria to make our picks:

• Average value over two years (50% of rating): We calculate the cash back earned for the average cardholder using Bureau of Labor Statistics data and an annual spend of $20,000, minus the annual fee. This value includes sign-up and annual bonuses. We look at the average rewards earned over two years to balance out a card’s ongoing value with its first-year value.
• Flexibility of rewards (30% of rating): We consider how easy the rewards are to use, looking at factors like expiration dates and minimum thresholds to redeem.
• Other features (20% of rating): We also compare a card’s benefits, such as purchase and travel protections, against benefits from other cards.