Costs & Pricing

Metric	Business Advantage Customized Cash Rewards	Ramp Corporate Card
Annual fee	$0	$0 on the card. Platform software is separate: Free $0/user/mo; Plus $15/user/mo + unpublished platform fee by team size (20% off annual); Enterprise custom.
Employee card fee	$0 (no published cap on number)	$0; unlimited physical and virtual cards
Purchase APR	16.74%–26.74% variable after intro (creditworthiness-based; Prime + margin not printed on marketing summary)	N/A — charge card; no revolving APR published. Marketing “0%” is 30-day statement float, not an intro APR.
Intro APR (purchases)	0% for 7 billing cycles, then 16.74%–26.74% variable	Not offered (no APR product)
Foreign transaction fee	3%	No separate FTF line. International charges that clear in a non-settlement currency: Visa conversion + markup not exceeding 3%. Local-currency cards on Enterprise / Canada can avoid conversion if spend matches card currency.
Late payment fee	Not disclosed on public product pages	Official: none on the card product. Auto-pay of the full statement is required; failed debit is the operational penalty (possible lock, limit cut, account action).

Rewards & Value

Metric	Business Advantage Customized Cash Rewards	Ramp Corporate Card
Base earn rate	1% on all other Net Purchases (PRFB can lift to 1.25%/1.50%/1.75%)	Rate determined by Ramp on Qualified Purchases (Rewards Terms, 15 Jul 2026). Public/spokesperson range 0%–1.5% assigned per customer. Do not treat 1.5% as guaranteed. Canada cards are a separate fixed 1% (out of scope).
Welcome bonus	$500 cash rewards after at least $5,000 in purchases in the first 90 days (live public online offer, 3 Sep 2026)	Not disclosed on official corporate-card or pricing pages (3 Sep 2026). Third-party listings conflict: NerdWallet 15 Jun 2026 — $1,000 Ramp card on approval, no min spend, one per new customer; older reviews $500. Treat live offer as Unclear — confirm on application.
Redemption value	1¢ per 1% (cash is cash). No travel portal, no transfer partners.	Cash/statement path is 1¢ per 1% only to the extent Ramp assigned that earn rate. Transfers are not 1:1. Cashback is not automatic unless auto-applied to Plus/Bill Pay fees.
Transfer partners	None	Not listed in current Rewards Terms. Historical 2024 in-product list (verify in-dashboard): Aeromexico, Flying Blue, Avianca LifeMiles, British Airways, Etihad Guest, Marriott Bonvoy, Qantas, Qatar Privilege Club, TAP Miles&Go, Wyndham — commonly 1.5 Ramp points : 1 partner unit. Min historically 100 partner points (150 Ramp). Irreversible; name must match an authorized admin.

Credit & Eligibility

Metric	Business Advantage Customized Cash Rewards	Ramp Corporate Card
Personal guarantee	Required in substance — cards are backed by personal credit; owner/authorized officer applies	Not required. Official: “Ramp does not require founders to personally guarantee your expenses.” Corporate liability.
Credit check	Hard personal pull on applying owner/authorized officer (treat as hard unless a prequalification tool says otherwise — none advertised)	Official: no personal credit check; no impact to personal credit score. Last 4 of SSN (or foreign passport) of one officer is KYC, plus selfie/ID if stepped up — not a published hard pull.
Employee cards	Free; no published numeric cap; employee-transaction monitoring. Per-card sub-limits Unclear vs the separate CORP product.	Unlimited physical and virtual; company liable. Spend controls: amount, frequency, category block/allow, merchant lock. Apple Pay / Google Pay; 3DS. USD physical cards: no PIN.
Product type	Revolving small-business credit card	Corporate / commercial charge card plus spend-management platform (pay-in-full; not revolving; no published 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

Ramp Corporate Card

Pros

• $0 card AF and $0 extra-card fees with unlimited virtual/physical cards
• No personal guarantee and no personal credit check (official); corporate liability
• Native controls, receipt capture, and accounting sync — the software is the product
• 30-day interest-free float if auto-pay succeeds
• Visa Signature purchase security, extended warranty, and rental CDW on USD cards

Cons

• Cashback rate is not a published guarantee (0–1.5%, Ramp-determined); foreign/non-USD spend excluded from Qualified Purchases
• Must pay in full; cannot revolve or balance-transfer
• Sole props ineligible; $25k cash + real U.S. address bar
• FX markup up to 3% despite “no FTF” marketing; Plus platform fee and 2026 Bill Pay per-item fees can erase “free”
• Limit can move with linked cash; missed debit is operationally harsh

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.

Ramp Corporate Card

Ramp is a charge-card ops platform, not a 1.5% bank card and not Brex’s sibling SKU. Official no-PG / no personal pull plus unlimited virtual cards is the reason to pick it. Do not assume 1.5% cashback, a public welcome bonus, or true $0 FX. Sole props, revolvers, and rate-guarantee shoppers should use a traditional PG cash card instead. Plus seats and Bill Pay rails are software costs, not a card annual fee.