Best business credit cards with no personal collateral requirement for December 2021 – Forbes Advisor
The Brex 30 card does not require any collateral as it sets credit limits based on cash flow and determines a business’s eligibility for qualification based on spending habits and sales volume. This means that no credit check is required for business owners without strong or established credit. Businesses with at least $ 50,000 in professionally managed funds or at least $ 100,000 in cash in a bank account are usually able to get a Brex card.
Rewards: 8 points per dollar on carpooling, 5 points per dollar on trips booked through Brex Travel, 4 points per dollar on restaurants, 3 points per dollar on recurring software and 1 point per dollar on everything else
Welcome bonus: 30,000 points after spending $ 3,500, or 50,000 points after spending $ 9,000 within 30 days
Annual subscription : $ 0
Other advantages and disadvantages: The Brex 30 Card is a payment card, which means it must be paid off in full every month. Businesses looking to keep balances should look elsewhere, but for those who can pay a fee every month (or even every day), the Brex 30 Card offers a long list of benefits.
With no annual fees or overseas transaction fees, businesses using the Brex card exclusively and paying for it from a Brex Cash account will see the best points per dollar spent on rewards.
Carrying a Brex Card also comes with other rewards, like big discounts from a number of providers like Amazon Web Services, Slack, UPS, Quickbooks, Google Ads, Freshworks and more. The rewards on the card make it ideal for flushing businesses without the need for a 0% introductory APR, welcome bonus, and no desire for annual fees.
Read our Brex 30 Card review to find out more.