Costs & Pricing

Metric	Business Advantage Customized Cash Rewards	Brex Card
Annual fee	$0	$0 published for the card. Software is separate: Essentials $0/user/mo; Premium $12/user/mo; Enterprise/Smart Card custom. Do not treat Premium as a card AF unless the company elects that plan.
Employee card fee	$0 (no published cap on number)	$0; unlimited physical + virtual cards advertised
Purchase APR	16.74%–26.74% variable after intro (creditworthiness-based; Prime + margin not printed on marketing summary)	N/A — charge card, pay in full. Marketing “0%” is charge-card float (daily ~1 business day after clear, or ~30-day monthly statement), not an intro APR.
Intro APR (purchases)	0% for 7 billing cycles, then 16.74%–26.74% variable	Not offered
Foreign transaction fee	3%	Marketing: no FTF. Official: FX rate markup of up to 3% on conversions (Mastercard wholesale, adjusted daily). Local-currency cards can avoid conversion on local spend.
Late payment fee	Not disclosed on public product pages	2.99% of delinquent balance or $38, whichever is higher, assessed once per statement that is 30 days past due (Card Program Terms, Apr 7, 2026)

Rewards & Value

Metric	Business Advantage Customized Cash Rewards	Brex Card
Base earn rate	1% on all other Net Purchases (PRFB can lift to 1.25%/1.50%/1.75%)	1x on everything else under Exclusive (1 point per $1 USD spend with a U.S.-based merchant). All customers enrolled in Exclusive unless the contract says otherwise. No published category caps. Non-Exclusive / second-card path may be flat 1x — source conflict with 2026 reviews; confirm on the live contract.
Welcome bonus	$500 cash rewards after at least $5,000 in purchases in the first 90 days (live public online offer, 3 Sep 2026)	$1,000 USD statement credit after ≥$4,000 Qualifying Spend within 30 days of activation. Apply, be approved, and activate (first purchase) Sep 1–30, 2026 (legal offer revised Aug 10, 2026). Re-check Oct 1. Review sites still print 10,000 points after $3,000 in 3 months — not found as a current dated legal page.
Redemption value	1¢ per 1% (cash is cash). No travel portal, no transfer partners.	Brex Travel portal: 1 point = 1¢. Cash to Brex business account or statement credit: 1 point = 0.6¢ (admin must claim). Headline 7x rideshare is 4.2% cash only if Exclusive + cash path. Do not use 1¢ for cash.
Transfer partners	None	Emirates Skywards, Avianca LifeMiles, Singapore KrisFlyer, Air France-KLM Flying Blue, Aeromexico Club Premier, Cathay Asia Miles, Qantas Frequent Flyer at ~1,500:1,000. Crypto (BTC/ETH) appeared in older guides at 0.6¢ — not on the current official redeem page.

Credit & Eligibility

Metric	Business Advantage Customized Cash Rewards	Brex Card
Personal guarantee	Required in substance — cards are backed by personal credit; owner/authorized officer applies	Not required in Brex marketing. Card Program Terms assign liability to the Company. Confirm the live issuer agreement at approval (Emigrant vs Fifth Third vs other).
Credit check	Hard personal pull on applying owner/authorized officer (treat as hard unless a prequalification tool says otherwise — none advertised)	Brex states SSN is for identity verification and is not used to underwrite or pull personal credit. No advertised personal hard pull.
Employee cards	Free; no published numeric cap; employee-transaction monitoring. Per-card sub-limits Unclear vs the separate CORP product.	One employee card (physical or virtual) per user plus unlimited purchasing/virtual cards. Spend limits, merchant locks, policies, Apple/Google/Samsung Pay. Company liable. Auto-reissue on expiry.
Product type	Revolving small-business credit card	Corporate / commercial charge card plus spend-management platform (pay-in-full daily or monthly; not revolving; no published purchase APR)

Pros & Cons

Business Advantage Customized Cash Rewards

Pros

• $0 annual fee and $0 employee-card fees
• Monthly-switchable 3% category plus 2% dining (first $50k combined); PRFB can take choice to 5.25%
• Live $500 / $5,000 / 90-day bonus and 0% purchase APR for 7 billing cycles
• Cash redeems to deposit, statement, or check; no expiration while open
• In good standing, issuer says the card stays off personal credit reports

Cons

• 3% foreign-transaction fee
• 3%/2% share one $50,000 calendar cap, then 1% (+ PRFB)
• Headline 'up to' rates require business checking and $20k–$100k combined balances
• Personal-credit underwriting and personal liability; not a no-PG startup card
• Intro APR is short and purchases-only; 5% BT fee with no 0% BT

Brex Card

Pros

• No personal guarantee and no advertised personal credit pull; company is the obligor
• $0 card annual fee and unlimited employee/virtual cards on Essentials
• Exclusive category points with no published earn cap; Brex Travel portal at 1¢/pt
• Native expense controls, virtual/vendor cards, and accounting integrations
• Local-currency cards in 50+ countries (plan-dependent); business-bureau reporting without personal-credit reporting (per Brex)

Cons

• Charge card: no revolving APR, no 0% working-capital window; late fee 2.99% or $38 after 30 days past due, plus possible 10% workout fee
• Sole props ineligible; funded startups commonly ~$50k cash; commercial revenue floors are messy
• “No FTF” marketing vs up to 3% FX markup
• Cash redemption 0.6¢/pt; airline transfers 1,500:1,000; Exclusive/contract multipliers are easy to misread
• Dynamic limits can fall with cash; Capital One ownership may change terms

Verdict

Business Advantage Customized Cash Rewards

Customized is the category SKU, not the flat 1.5% Unlimited card. It wins when gas, office supply, travel, telecom, computer services, or consulting plus dining stay under $50k combined. After the cap, or if you will not enroll in PRFB, Unlimited is usually simpler. Poor fit for foreign spend, ad-heavy businesses, or anyone who needs no personal guarantee.

Brex Card

Brex is a charge-card ops platform owned by Capital One as of April 7, 2026 — not Spark, not Ramp’s Visa SKU, and not a revolving bank card. Pick it for no-PG underwriting and policy tooling. Do not assume 1¢ cash, a guaranteed 7x, or true $0 FX. Sole props, revolvers, and simple 1.5–2% cash shoppers should use a traditional PG card or Ramp if the cash bar fits. The Sep 2026 $1,000 / $4,000 / 30-day credit expires Sep 30 — re-check Oct 1.