What are the differences between making daily and monthly payments?
Brex customers approved for the monthly payments card and a Brex business account have the ability to switch between a monthly payment cycle and a daily payment cycle. Please review the different features below.
Daily payments
Credit limit: Calculated as 100% of your Brex business account balance. Connected bank accounts will not be taken into account.
Payment due: Daily
Autopay account: Brex business account
Rewards: Extra 1x points boost in some spend categories (read What rewards does Brex offer? for more information).
Rewards redemption:
Cash back
Gift cards
Travel
Transfer to miles
Monthly payments
Credit limit: Calculated as up to 5-20% of your aggregate bank balance or 30% of your Brex business account balance. Read How do Brex credit limits work? for more information.
Payment due: Monthly. (If you have a Brex business account in addition to a card with monthly payments, you can switch between a monthly payment cycle and a daily payment cycle).
Autopay account: Any linked bank account, including your Brex business account.
Rewards: Read What are the benefits of making daily payments? for more information.
Rewards redemption:
Cash back (if you have a Brex business account)
Statement credit
Gift cards
Travel
Transfer to miles