The Offer Of The Year Is Ending In The Next Few Days
Is it too soon to call something the offer of the year? When it comes with over $1000 in cash for minimal work I don’t think so. We have talked about Brex and their outstanding offer a few times now. One Mile at a Time is reporting that this offer will be pulled early and will only last a few more days. So if you were considering grabbing it then jump on it now. Some applications (mine) are taking forever to get approved. Brex has confirmed that as long as you apply before the offer goes away you will be fine. Even if the approval is well after the offer goes away.
The Offer
Earn 80,000 points when you sign up for and are approved for Brex Cash accounts through OMAAT. The account just needs to be funded, and you’ll get the bonus points once you’ve spent $1,000 on your new Brex card.
On top of that, you can earn up to 30,000 additional bonus points:
- You’ll earn 20,000 bonus points when you link payroll to your Brex Cash account
- You’ll earn an additional 10,000 points after spending $3,000 on your Brex Card in the first 3 months
You can earn a total of 110,000 points which are worth $1,100 or more. You must own a business that is registered in the United States as a C-corp, S-corp, LLC, or LLP in order to get this bonus.
Card Details
The Brex card has great rewards earning capabilities with as much as 8X back for on rideshares, 5X on travel, 4x on restaurants and more. You earn more rewards if you make daily card payments using Brex Cash. These are the earning rates for daily card payments:
- 8x on rideshare, including Uber, Lyft, taxi, and scooter
- 5x on flights and hotels booked through Brex Travel
- 4x on restaurants and dining
- 3x on recurring software like Salesforce, Zendesk, Twilio, and more
- 3x on eligible Apple products like Mac and iPhone, via the Brex portal
- 1x on everything else with no cap on how much you can earn
If you do monthly card payments, you still get more generous rewards over traditional cards. Here are the rates for monthly card payments:
- 7x on rideshare, including Uber, Lyft, taxi, and scooter
- 4x on flights and hotels booked through Brex Travel
- 3x on restaurants and dining
- 3x on eligible Apple products like Mac and iPhone, via the Brex portal
- 2x on recurring software like Salesforce, Zendesk, Twilio, and more
- 1x on everything else with no cap on how much you can earn
Redeeming Rewards
You can redeem points as cash back or towards travel for a value of 1 cent per point. You can also transfer points to airline partners. Eligible partners include:
- Aeromexico Club Premier
- Air France/KLM Flying Blue
- Avianca Lifemiles
- Cathay Pacific Asia Miles
- Emirates Skywards (Coming soon!)
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
Transfer ratio is 1 to 1 for all partner airlines.
Application Process
Brex will pull your Plaid / Chex report after your application during their review of your business information and financials etc. If you have a lot of dings on your Chex report (many opened checking accounts etc.) this could lead to a denial. They are more of a conservative bank so that is something to be aware of. I would still personally give it a try since I don’t value a Chex pull as much but we figured you should know.
Conclusion
This is a big bonus for a Brex account and it looks like a great product for those who qualify. Not everyone can apply, since you need to have a registered C-corp, S-corp, LLC, or LLP. But if you are eligible, it is definitely worth considering, since there’s no hard pull on your personal credit report. The Brex card has no annual fee and their cash management product comes with a several benefits and no monthly fees either.
Applying will not affect your credit score. Brex says that it is not a bank and Brex Cash is not a bank account, although it is FDIC insured and really works like one. The account also comes with some extra perks such as up to $150 in Google Ads credit, 50% off Dropbox plans, 20% discount on annual Zoom subscription and more.
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Is there recon line to call? My application was refused and I would still like to get it. Thanks. My chamber choir that I started in 1979 has a 501(c)(3) number — but they also sent me an email saying I was refused because I didn’t have an EIN. I had already put it in my application, and answered the email saying that. No response.
I think they mainly work via email. You could try reaching out via social media DM on Twitter etc. too. Or simply apply again since there is no hard pull.
https://twitter.com/brexHQ/
Can I just get 80,000 points by spending $1000 or get 100,000 points by spending $1000 and link my payroll. Or do I have to do all of them to score any points. At the minimum, I can just apply and spend $1000 to get points worth $800. Am I wrong in this way of thinking?
They are all considered separate so you do whatever ones you want. I’ll probably only do the 80K and 20K offers myself.
The offer expired
I hope they come back with similar offer.
I think they will come back with something similar soon. They were giving it back out again and then pulled it quickly. Probably want to get through the backlog first and then will roll it out.
I’m not sure I’d call this the offer of the year. According to comments on other sites, too many people are reporting problems with this deal, and with dealing with Brex in general. Plus, needing a C-corp, S-corp, LLC, or LLP is going to keep many from getting approved. Sorry, but a hard pass for me.
Essentially getting $1000 for spending $1000 without a hard pull – that will be tough to top for anyone eligible for it. It is limited though because it requires a business. Deal of the year for business owners then!