The Ramp Business Card is an interesting option for incorporated businesses looking to increase business funding with a card while streamlining finances. It offers features ranging from automated expense management to recommendations to help lower your company's spending.
Keep in mind, the card is only available to corporations, limited liability companies (LLCs) or limited partnerships (LPs); sole proprietors are ineligible.
We review the Ramp Card's strengths and weakness, plus a few alternatives if it's not the best fit for your company.
Ramp Business Card
Rewards
Earn up to 1.5% cash back on all purchases
Welcome bonus
Get a $1,000 Ramp card upon approval. Limit one per new customer. No minimum spend required.
Annual fee
No annual fee
Intro APR
Ramp does not charge interest
Regular APR
Ramp does not charge interest
Balance transfer fee
N/A
Credit needed
No personal guarantee or credit check.
Pros
- Strong cash-back rate
- Unlimited physical and virtual cards
- No annual fee
Cons
- Need at least $25,000 in a U.S. business bank account to qualify
- Must pay statement in full each period
Welcome bonus
Get a $1,000 Ramp card upon approval. Limit one per new customer. No minimum spend required. This makes it one of the easiest welcome bonuses to earn.
Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.
3.09% with a daily balance of $5,000,000 or below; 3.90% with a daily balance above $5,000,000
$100 to open account
2.75%
None
Benefits and perks
The Ramp Card is a part of the Ramp financial platform, which is comprised of automated expense management tools that make the process of tracking and categorizing expenses easier for businesses.
For businesses with a large number of employees, the Ramp card issues an unlimited number of both virtual and physical cards to your team at no extra cost. For employee cards, the account manager can set controls for specific vendors and purchase categories, set spending limits and provide insights based on your habits.
If you're looking for a corporate card for your business but have a lower credit score, the Ramp card could be a good fit. Ramp makes eligibility and credit limit decisions based on your business's revenue and cash flow rather than your personal credit history.
Another draw of the Ramp Card is that it has no personal guarantee. A personal guarantee requires an individual to pay back debts the business defaults on. The Ramp card doesn't require a personal guarantee because its calculations are done based on the business's revenue and funding, not any personal financial statements
The Ramp card is a Visa Signature® Business Card and has several protection-focused perks:
- Travel and emergency assistance services
- Auto rental collision damage waiver
- Purchase security
- Extended warranty protection
How to earn and use Ramp card rewards
Earning
The Ramp card earns up to 1.5% cash back that never expires.
Redeeming
Admins or business owners can redeem Ramp rewards for:
- Statement credits
- Ramp Plus payments - (if subscribed)
- Airline and hotel loyalty point transfers
- Gift cards
Redeeming your Ramp Business Card cash back for statement credits, Ramp payments and gift cards is fairly straightforward. If choosing statement credits or gift cards, those can be redeemed via Ramp's website, and the Ramp Plus payments can be opted into, and will be automatically subtracted from your rewards balance.
When transferring to an airline or hotel program, you'll need a minimum of 100 points and should allow up to two business days for the transfer to complete. You can transfer rewards to programs such as, British Airways Executive Club, Flying Blue (KLM and Air France), Qatar Airways Privilege Club, Wyndham Rewards and more.
Rates and fees
Since the Ramp Card is technically a charge card, it doesn't have an annual fee or interest rate, but has to be paid off daily or monthly, depending on your plan.
Card comparison
Ramp Business Card vs. Brex Card
Brex Card
Rewards
Earn rewards and cash back on everything you spend, like 7x on rideshare, 2x on recurring software, and access exclusive events and over $400K in software discounts.
Welcome bonus
10,000 points when you spend $3,000 on your Brex card within three months of your Brex business account being opened.
Annual fee
No annual fee
Intro APR
Brex does not charge interest
Regular APR
Brex does not charge interest
Balance transfer fee
N/A
Foreign transaction fee
No foreign transaction fees, free ACH and wires worldwide, global acceptance on the Mastercard network
Credit needed
No personal guarantee or credit check. Only companies organized and registered in the United States may apply for a Brex account. See Platform Agreement for business criteria.
Pros
- No annual fee
- No foreign transaction fee
Cons
- You'll have to pay off the balance daily or monthly
*Offer available to new Brex Card customers only.
Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Brex Treasury is not a bank; Brex Cash is not a bank account. Testimonials may not represent experiences of all clients. Terms apply, visit brex.com. Information about the Brex Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
The Brex Card has a suite of automated financial tools and offers a daily or monthly payment structure. The Brex card also doesn't require a personal guarantee, instead making its underwriting and credit limit decisions based on the financial health of the business.
As part of the Brex rewards program, instead of flat cashback, the Brex card earns up to 7X points on ride-share services, 4X points on Brex travel, 3X points on restaurants, 2X points on recurring software. Depending on your exact card plan, you might see some slight tweaks to the multipliers. Brex provides many options for redemptions, ranging from booking advertising campaigns to more traditional statement credits and point transfers.
Ramp Business Card vs. Ink Business Unlimited® Credit Card
The Ink Business Unlimited® Credit Card is a flat-rate cash-back card with a strong intro-APR offer for purchases.
- Intro APR for purchases
- Valuable welcome bonus
- No annual fee
- You can't transfer rewards to travel partners without pairing it with another Chase card
- Has a foreign transaction fee
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $1,000 bonus cash back after you spend $8,000 on purchases in the first 4 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Earn 5% total cash back on Lyft rides through 9/30/27.
- Member FDIC
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
3% of each transaction in U.S. dollars
The Ink Business Unlimited® Credit Card (see rates and fees) is a traditional business card, allowing you to carry a balance from month to month, but with interest. New card members receive a introductory APR, which can help with the initial cost of starting or maintaining your business. This card is also available to sole proprietors and unincorporated businesses, making it more accessible.
It earns a flat 1.5% cash back on all purchases made for your business, and redeeming the rewards is simple. You can redeem the Chase Ultimate Rewards® points you earn for one cent each for things like a statement credit, direct deposit, travel and gift cards. However, if you pair this card with a Chase credit card that enables point transfers, it can help you book luxury hotels and business-class flights, which normally cost thousands of dollars.
The Ink Business Unlimited Card could be a good option for unincorporated businesses that don't spend heavily in a specific category. It's also a great option if you currently own a Chase card that gives you access to Chase's transfer partners.
Is the Ramp card right for you?
The Ramp card represents a good option for incorporated businesses that would benefit from a flexible application process and automated tools that Ramp offers. The card offers cash-back with hotel and airline transfer partners for increased flexibility and value.
However, if you're happy with your current expense management system or are looking for a card with multiple bonus spending categories, there are other options that could be a better fit. This is especially true for sole proprietors or other types of businesses that aren't eligible for a Ramp card.
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best credit cards.
Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.
