Brex Launches Rewards Program
SAN FRANCISCO, CA October 30, 2018 - Brex, the first corporate card for startups, announced today the launch of its rewards program. The same way Brex reimagined underwriting to cater to startups, the company has rebuilt the credit card rewards system to offer startups the most valuable program in the marketplace, with points earned for and points back for services and products these young businesses use regularly to fuel growth.
“There has been tremendous demand within the startup community for a card rewards programs that works for them,” said Henrique Dubugras, co-founder and CEO of Brex. “Using the deep insights we have on how our customers spend their money, we have built a program that helps them get the best benefit for every dollar they spend.”
Brex has been analyzing its customer spend over the past year and used this data to build a rewards program designed to give customers unparalleled benefits for their businesses. A typical Brex customer will earn at least 20 percent more rewards on Brex relative to any competitor program and 100 percent more relative to many popular small business credit cards. By forming partnerships with product and service providers that offer discounts and promotions specifically to Brex cardholders, Brex has signup bonuses totaling over $25,000 in discounts for its customers. Offers today include Amazon Web Services, WeWork, Instacart and Salesforce among others, with more to be announced in the near future.
With Brex rewards, startups will earn one point per dollar spent with no cap on rewards earned, plus points multipliers on services essential to their work life: including 7x on rideshare, 3x on travel and dining and 2x on recurring software/SaaS. Brex customers began accruing rewards points in early October 2018 and will be able to redeem them starting today.
Brex empowers the next generation of businesses with integrated corporate cards and spend management software. We make it easy for our customers to manage every aspect of spending and empower their employees to make better financial decisions from anywhere they live or work. Brex proudly serves tens of thousands of growing businesses, from early-stage startups to enterprise leaders.
Karen Tillman, Chief Communications Officer