Brex Exclusive rewards, available only for businesses, offer a winning combination of earning points easily with a wide variety of redemption options ranging from travel transfers to crypto purchases. The only catch? You’ll need to manage your finances with Brex to access the program.
What Are Brex Rewards?
The Brex Exclusive rewards program is more of a financial solution than a loyalty program—but one that comes with highly valuable flexible points. You’ll earn rewards when you use the Brex Card* linked to your account to pay for purchases, often at competitive earning rates, to help accumulate points faster.
Unlike other credit card rewards programs (think Chase Ultimate Rewards®), Brex is a closed ecosystem. You’ll need a cash management account at Brex in order to get a rewards account. In addition, only formally recognized and state-registered companies (no sole proprietorships) are eligible for Brex accounts and, therefore, Brex Exclusive rewards.
Once you’ve earned Brex rewards points, you can redeem them toward cash back, transfer them to travel partners and more.
How To Earn Brex Rewards Points
To begin earning Brex Exclusive rewards, you’ll first need to apply for a free Brex cash management account. Only U.S.-based businesses with an Employer Identification Number are eligible to apply, and Brex may analyze your business model and source of funds, among other factors, as part of the approval process.
If you’re approved, a card will automatically be included with your account. Depending on business factors, including number of employees, revenue and type of funding, your account will be given a card that requires one of the following: automatic, daily payments from your Brex cash management account or monthly payments, matching more traditional charge card accounts.
Read More: Best Rewards Credit Cards
Brex Rewards Spending Categories
All Brex customers are automatically enrolled in the Brex Exclusive accelerated rewards program. Brex has a standard rewards structure for all customers, with slight exceptions. Software and life sciences companies and customers who make daily rather than monthly payments can earn extra rewards points.
Brex Rewards for Life Sciences Companies
Category | Points earned with monthly payments | Points earned with daily payments |
---|---|---|
Life sciences conference tickets | 7 points per dollar | 8 points per dollar |
Brex travel rewards purchases | 4 points per dollar | 5 points per dollar |
Eligible Apple purchases through the Brex rewards portal | 3 points per dollar | 3 points per dollar |
Lab supplies | 2 points per dollar | 2 points per dollar |
All other purchases | 1 point per dollar | 1 point per dollar |
Brex Rewards for Software Companies
Category | Points earned with monthly payments | Points earned with daily payments |
---|---|---|
Rideshare | 7 points per dollar | 8 points per dollar |
Brex travel rewards purchases | 4 points per dollar | 5 points per dollar |
Restaurants | 3 points per dollar | 4 points per dollar |
Eligible Apple purchases through the Brex rewards portal | 3 points per dollar | 3 points per dollar |
Recurring software | 2 points per dollar | 3 points per dollar |
All other purchases | 1 point per dollar | 1 point per dollar |
Brex Rewards for Advertising Companies
Category | Points earned with monthly payments | Points earned with daily payments |
---|---|---|
Rideshare | 7 points per dollar | 8 points per dollar |
Brex travel rewards purchases | 4 points per dollar | 5 points per dollar |
Restaurants | 3 points per dollar | 4 points per dollar |
Eligible Apple purchases through the Brex rewards portal | 3 points per dollar | 3 points per dollar |
Recurring software | 2 points per dollar | 1 point per dollar |
Ads | 1 point per dollar | 1.5 points per dollar |
All other purchases | 1 point per dollar | 1 point per dollar |
It is worth noting that there are no caps on how many points you can earn and no limits on category bonuses, and Brex does not charge any fees to manage your Brex cash account.
Business owners can issue unlimited virtual cards for their team, each with custom spending limits. All cards will earn Brex rewards on all spending toward a single, centralized account.
Keep in mind that balances must be paid in full, and there is no option to carry a balance from one month to another. Because of this, it won’t be the best fit for all businesses. For those willing and able to make payments, though, the card also includes built-in features, including spend management software and expense tracking options.
Link Payroll or E-Commerce Platforms
Account holders can link their accounts to selected payroll, e-commerce platforms or payroll gateways.
Not all platforms will integrate, though a wide selection of popular services qualify:
- Payroll providers. Adip, Alcott HR, Blue Marble Payroll, Deel, Gusto, Justworks, Quickbooks Payroll, Trinet and Zenefits.
- E-commerce platforms or payment gateways. Amazon, BigCommerce, Braintree, Deel, PayPal, Shopify, Square, Stripe, Venmo, Wix and Xoom.
Book Travel Directly Through Brex
Brex offers a booking engine for flights and hotels, which works similarly to other online travel agencies you’re already familiar with. Trips booked through the Brex travel portal will earn 400 points per $100 spent on all reservations for customers who qualify for Brex Exclusive. It’s not required to pay with your Brex card, and customers who don’t qualify for Brex Exclusive earn 1 point per dollar.
In addition to earning points, Brex travel bookings integrate with Spotnana, which means you can manage travel policies and allow employee bookings as needed.
Buying Brex Rewards
Currently, there are no options to purchase Brex Rewards points.
Combining Brex Rewards
Brex Rewards points cannot be combined between accounts, but multiple cards issued from the same account will automatically be deposited into a single master rewards account.
Refer-a-Friend
Although Brex has a referral program, incentives are issued as gift cards rather than bonus Brex Rewards points. For each company you successfully refer to Brex, you and the company you refer will receive a $250 Amazon gift card. Additionally, the company you refer must be approved and spend $1,000 using their new card.
How To Redeem Brex Rewards
Like other transferable currencies, Brex rewards points have several different redemption options, so you can choose the type of rewards most advantageous for your business. Your redemption options will depend on your account type, though all accounts may redeem points for gift cards, Brex travel reservations or transfers to airline partners.
Some accounts may additionally be eligible to redeem points toward cryptocurrency purchases, statement credits or cash deposits for even more flexibility.
The value of your points is determined by the type of redemption you make, and not all rewards are created equal. Before making an irreversible redemption, ensure you’re getting a fair value for your points.
Airline Transfer Partners
For anyone willing to learn the intricacies of frequent flyer programs, transferring Brex rewards points to partner airlines can yield outsized value and maximize rewards.
You can convert your Brex rewards points to the following airline partners at a rate of 1 Brex reward point to 0.6 miles:
- Aeromexico Rewards
- Air France-KLM Flying Blue
- Avianca LifeMiles
- Cathay Pacific Asia Miles
- Emirates Skywards
- Qantas Frequent Flyer
- Singapore Airlines KrisFlyer
Though the list of transfer partners is short compared to other credit card rewards programs, it represents airlines in all three alliances.
Brex advises that transfer processing times vary by the travel partner, though in many cases, they are completed instantly.
Brex Travel Bookings
Flight and hotel reservations made through Brex can be paid with points at a rate of 1 Brex point to 1 airline or hotel point. This can be a useful option for companies that don’t want to worry about blackout dates or inventory controls when booking flights or when you need to book a hotel since there are currently no hotel transfer partners associated with Brex Exclusive rewards.
Gift Cards
Brex rewards points can also be redeemed toward gift cards at a rate of 0.6 cents per point. Only a limited number of brands are available, though generic Mastercard gift cards are one option, which means you have a way to cover nearly any purchase.
Cash Back
Brex cash accounts are eligible for cash-back deposits, also at a rate of 0.6 cents per point. There is no minimum redemption, and account and deposits are made immediately, making this an incredibly flexible award if you are eligible.
Statement Credits
If you have a Brex card where you only need to make monthly payments (rather than daily), you also have the option to redeem Brex rewards points toward credits applied to your monthly statement. This redemption option yields a similarly poor value—only 0.6 cents per point.
Cryptocurrency
As another redemption option, Brex rewards points can be traded in for cryptocurrency. Points may be used to purchase either Bitcoin or Ethereum, with a minimum redemption threshold of 1,000 points.
For this redemption type, you’ll enter the number of points you wish to redeem, and the number of shares (or fraction of shares) purchased will be calculated based on market rates. Though the number of shares may fluctuate, the reward value does not: Each 1,000-point redemption buys $6 of cryptocurrency (0.6 cents per point). Again, you could use cash-back rewards to buy cryptocurrency on your own at 1 cent per point instead.
Other Redemptions
Brex often updates redemption options, so check your account dashboard to see what you can redeem your points for.
For example, Brex is also offering customers the option to redeem points for Spring Health mental healthcare packages, team offsites, retreats and executive coaching sessions.
Bottom Line
For businesses looking for an all-in-one solution, Brex combines several financial services and integrations together, including the flexible Brex Exclusive rewards program. Earning points at a competitive rate with multiple redemption options—all for no fee—makes it stand out. However, participating requires a certain level of commitment to the Brex ecosystem. There is no doubt that Brex rewards points are a valuable solution for some businesses, but the extra strings might give others pause.