Ask HN: How Does Brex Startup Credit Card Work?
2 comments
1) By Brex, its a charge card (like Amex)
2) You pay the bill they send you every month using ACH/your corporate bank account.
3) The credit limit depends on how much you've raised & the company's ability to pay it back. Additionally you need to commit to not using any other bank's credit/charge card.
2) You pay the bill they send you every month using ACH/your corporate bank account.
3) The credit limit depends on how much you've raised & the company's ability to pay it back. Additionally you need to commit to not using any other bank's credit/charge card.
@ackidacki Thank you for the information.
Few Questions:
1) If I purchase something using Brex card then money will be paid by Brex or by my bank?
2) How does the money settlement work between my company, bank, and Brex?
3) What is the eligibility criteria to issue the Brex credit card?