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Ramp Corporate Credit Card review

Rather than rewarding spending, Ramp focuses on analyzing and saving.

finder.com’s rating: 4.5 / 5

★★★★★

  • Get this card if you’re a growing business that needs a charge card and a tool to help cut costs.
  • Pick something else if your business is on top of its finances and is looking for ways to maximize rewards on spending.
  • Apply with a minimum of $75,000 in your business bank account.
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Up to 1.5%

Cash back

$0

Annual fee

670

Recommended credit score

Details

Annual fee$0
Annual fee conditionsNo annual fee for companies with under 50 employees
Welcome offer18 different signup bonuses, worth thousands of dollars in value
Rewards1.5% cashback on all purchases
Purchase APRN/A
Balance transfer APRN/A
Minimum Credit Score670
IssuerVisa

Review by


Steven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

A new corporate credit card has entered the market, jockeying for position alongside competition such as the American Express® Business Gold Card and Brex 30 Card. The Ramp Visa® Commercial Card is a charge card that offers 1.5% cash back on all purchases that you’ll receive as statement credit, 18 different signup bonuses, free employee cards, no founder liability and no fees whatsoever. And in a Finder-exclusive bonus, you’ll earn $500 after you make your first balance payment of over $1,000.

The Ramp is definitely unique among business cards. Rather than focusing exclusively on rewards, the Ramp Visa® Commercial Card aims to help businesses save money by identifying areas of wasteful spending within a company. Once you sign up for the card, Ramp will analyze your company spending and notify you of areas where you can reduce costs, such as through underused software subscriptions.

The card’s approach to signup bonuses is also unusual. Rather than just one bonus you can earn through spending, you have a choice of up to 18 bonuses. The spending requirements and bonuses vary across partnered bonuses, which means you can pick and choose based on the needs of your business.

Given the card’s modest flat rewards bonus, those most likely to benefit from the Ramp Visa® Commercial Card are small to mid-sized businesses eager to grow or cut back on ballooning costs. And for those businesses, the Ramp is an excellent choice.

How to apply for the Ramp Visa® Commercial Card

Applying for the Ramp Visa® Commercial Card is straightforward:

  1. Go to the Ramp Card website at Ramp.com.
  2. Choose the Apply today button.
  3. Create your Ramp account or sign up with your Google account.
  4. Complete the application and hit Apply.

What credit score do I need to qualify for the Ramp card?

To qualify for the Ramp card, you’ll want to apply with at least $75,000 or higher in your business bank account and monthly business card spend of at least $10,000.

Ramp Visa® Commercial Card benefits

  • Cash back. You’ll earn a flat 1.5% percent cash back on all purchases.
  • Finder-exclusive welcome offer. Earn a $500 bonus after your first balance payment of over $1,000.
  • Ramp Savings. Administrators of the account can access a section that illustrates the company’s long-term spending over time, while identifying areas the company can save. This is one of the major selling points of the card and currently unique to the Ramp Card. In addition to tracking spending, Ramp claims the dashboard can identify redundant business subscriptions, better SaaS pricing options and other savings tailored to the company, leading to up to 2% in savings.
  • No fees. There are no fees associated with the Ramp Card.
  • Free employee cards. Ramp is offering unlimited virtual and physical employee cards at no additional cost.
  • Visa benefits. This includes fraud protection.
  • Free bill pay. Streamline your bill payments with AP automation, approvals and accounting.
  • Free accounting automation. Automated expense accounting is directly compatible with QuickBooks, Xero, Sage, NetSuite and more.
  • Realtime reporting and integrations. Receive automatic reporting on every dollar you spend. Plus streamline work items, including approvals and accounting.
  • Credit limit. Ramp advertises a larger than average credit limit for businesses.
  • No founder liability. If your company becomes insolvent, the cardholder isn’t personally liable for the remaining debt on the credit card.

What to watch out for

  • Charge card. The Ramp Visa® Commercial Card is a charge card rather than a traditional credit card. This means you’ll need to pay off your balance in full at the end of each month.
  • Minimum cash balance required. You aren’t eligible for the Ramp Visa® Commercial Card unless you have $75,000 or more in your business bank account.

How the Ramp card compares to other business cards on the market

As a corporate card, the Ramp card enters the ring standing against other big business cards on the market, including offerings from Chase and Amex. But in spirit, the Ramp card is closest in nature to the Brex card: both seek to give growing businesses a leg up by providing financial tools to help scale, without fees or a personal guarantee looming overhead.

When comparing these two corporate cards, the most noticeable difference is in the rewards structure. Where the Brex focuses on a traditional rewards structure on eligible categories, the Ramp offers flat cash back.

CardEarning rateFeesSign up bonus
Brex 30 Card
  • 8x points on rideshare
  • 5x points on Brex travel
  • 4x points on restaurants
  • 3x points on recurring software subscriptions, 1x points on everything else
NoneNone
Ramp1.5% cash back on all purchasesNoneNone

Ramp offers an array of opt-in partner offers tailored to business spending valued at up to $175,000. Though not a traditional signup bonus, these offers fill a similar value role. Brex offers a similar program, though they estimate their maximum value at $150,000.

Much of the Ramp card’s projected value is in the form of wasteful spending elimination. Again, it’s hard to quantify just how much a company stands to save through Ramp’s monitoring — a company already on top of their accounting might not see the same level of savings suggested on the Ramp site.

Compare business credit cards

For a look at how the Ramp Card stacks up against other business cards on the market, select up to 4 cards and click Compare to see them side-by-side.

1 - 3 of 18
Name Product Rewards Purchase APR Annual fee
Revenued Business Card Visa®
3% cash back on all purchases
N/A
$0
A flexible spending line and prepaid business card that earns 3% cash back on all purchases. Apply with no hard credit check. Requirements: 6+ months in business, an existing business bank account with $10,000 average monthly deposits, more than one employee.
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
1.5% cash back on all purchases
14.49% to 24.49% variable
$0
$300 statement credit online bonus after making at least $3,000 in net purchases in the first 90 days of account opening.
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
3 points per $1 on travel booked through Bank of America Travel Center and 1.5 points per $1 spent on all other purchases
14.49% to 24.49% variable
$0
30,000 online bonus points after making at least $3,000 in net purchases in the first 90 days of account opening.
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Interview with Eric Glyman — March 2021

profile pic

Eric Glyman
CEO & Co-Founder of Ramp

What inspired the creation of Ramp? And what is your mission?
Ramp was inspired by 100+ conversations with founders and finance leaders about operating their businesses more efficiently. What we found was that as companies scale, preventing wasteful spend becomes extremely challenging. Inspired by the founding team’s previous startup Paribus, which saved consumers millions on e-commerce purchases and eventually was sold to Capital One, the team set out to transform how businesses manage and spend money as they scale. Simply put, Ramp‘s mission is to help founders and finance leaders maximize business performance with software and process automation.
How does the Ramp Savings feature work?
Ramp‘s Savings Insights works by scanning through thousands of rows of sanitized transaction data to proactively identify new savings opportunities. We make a few different types of suggestions. First, we’ve partnered with some of the most popular software vendors including AWS, Google Ads, Twilio and Datadog to offer each customer up to $175,000 in partner rewards. Second, we highlight duplicate subscriptions across teams and categories to help customers consolidate their vendor contracts. For example, imagine two teams within an organization paying for the same service or two services within the same category, like Asana and Jira for project management. We’ve saved customers more than $10M to date which we’re extremely proud of.
No fees, no APR, no personal guarantee unlimited employee cards… The Ramp corporate credit card seems too good to be true. What’s the catch?

There’s no catch! For transparency, our business monetizes purely on interchange revenue today, meaning we make money as our customers use their Ramp cards. As our software offering expands and replaces paid financial software offerings like Expensify, we’re exploring charging a subscription fee. However, for the vast majority of customers, our product will remain 100% free.

Many issuers are moving away from charge cards. How can businesses benefit from a charge card like Ramp versus a credit card with a purchase APR?

By offering a charge card, we feel that we can better execute against our mission to help our customers save money. Our goal is to provide our customers with a financial operating system to better run their business, rather than a financing product. Credit card APRs tend to be extremely high, and are not well aligned with a business’s interests.

As a corporate card, how does the Ramp card differ from a traditional business credit card?

We don’t differ much at all! Ramp works just as well for a company with two employees as it does for one with 1,000. We pride ourselves on keeping our product refreshingly simple, which makes it extremely easy for a business of any size to use us. Ramp is built to scale with your businesses as you grow.

Do cardholders get any Visa benefits, such as travel insurance, car rental insurance, purchase protection, etc.? Are these benefits available on the employee cards as well?

Yes, our cards come standard with all Visa Commercial protections. All of our customers have access to these benefits.

Why should anyone choose this card over competitors such as Brex? What does Ramp offer that’s better?
Ramp offers a simple, unlimited 1.5% cash back, unlike Brex and Divvy that operate on complex points-based systems. We believe that a simple cashback program better aligns employee incentives to the company’s by not encouraging employees to spend money on bonus categories. In addition, Ramp is built better to scale with your business than our competitors are.
We serve larger customers with enterprise-grade features like category-restricted spend controls, daily card limits and card auto-locking, and robust accounting integrations with providers like Quickbooks and Netsuite. We have 50+ reviews and a 5.0 star rating on G2 as a result.
Are you planning on expanding the rewards program in future to be more competitive with other cards?

We fundamentally believe that making businesses operate more efficiently is our critical mission. One dollar saved is 100x better than a point back, so our #1 focus is on getting businesses to operate more efficiently and on saving them money. That being said, we’re open to experimenting with our rewards program, especially given our company is so young.

What’s coming next for Ramp?

We have ambitions to be the one-stop-shop for financial software for businesses of any size. We started with our card product, and launched a reimbursements product a few weeks back. As a result, we can now service 100% of card spend for a company (on Ramp cards or on personal cards). We’re going to continue building products that help our customers to better manage their businesses and their spend.

Ramp Visa® Commercial Card customer reviews and complaints

As of August 2021, Ramp has an A+ rating, though it is not accredited with the Better Business Bureau.

Bottom line

The Ramp Visa® Commercial Card is another great startup-focused card and one that can serve both startup businesses and IPO businesses as well. While other business cards might offer more rewards on spending, Ramp‘s focus on savings is a unique draw and especially attractive when combined with the card’s lack of fees and free finance automation platform. If you’re running an established business and are looking for big rewards or luxury perks though, you’ll want to compare other business card options.

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