Best Alternatives To The Expensify Corporate Card

Remarkably, Ramp is entirely free. There are no monthly or annual fees, no fees for employee cards, no late fees, no foreign transaction fees, no extra charges for the accounting and reporting features — it’s all free.

Ramp’s signature feature is an automated savings tool that notifies you of redundant software purchases, duplicate subscriptions, and any other unnecessary expense, making Ramp the rare credit card that encourages you to spend less.

Here are some of the Ramp card’s other features:

• Numerous business integrations: Integrations for automated accounting, instant receipt collection, HR, and more
• Branded cards: Add your brand logo to all your company’s Ramp cards
• Multiple bill payment methods: Pay your bills via card, check, or ACH
• Get alerts for big transactions: These alerts provide an extra level of account security
• Set flexible expense policies

One thing Ramp lacked was a mobile app. Thankfully, Ramp recently unveiled its own mobile app, thus filling this gap.

Ramp offers up to 1.5% cash back and boasts an overall savings rate of 5% for customers based on cashback, partner discounts, and saving insight automations.

It’s not the highest cash back rate you’ll find in the corporate card world, but it’s also much more straightforward than some competitors. There are no spending categories to track and no spending thresholds to meet.

To qualify for a Ramp card, your company must be a corporation, LLC, or LP registered in the United States — individuals, sole proprietorships, and unregistered businesses will not qualify. You’ll also need at least $25,000 in the bank.

When reviewing your application, Ramp assesses your company’s cash balance, cash flows, and other financial health indicators. No personal guarantee is required.

Most corporate cards come with few fees, and BILL is no different. However, there are a few fees to watch out for.

BILL charges a cross-border fee of 0.90% of total transaction volume when the account user is US-based; 0.20% when the account is Canada-based. There’s also a late fee of 2.99% or $38, whichever is greater.

BILL Spend & Expense’s integration with the free BILL expense management platform gives you access to a host of valuable features. There’s also a handy feature that lets you spread out vendor payments.

• Spend tracking: Get details on spending by department, team, project, or individual
• Flexible credit line: Get more spending power as your business grows
• Partner credits & discounts: Save money on Amazon Web Services, Google Ads, FedEx Office, and more
• Accounts Payable automation

With BILL’s charge card, you can pay your bill on a weekly, semi-monthly, or monthly basis. Your rewards will depend on your payment frequency, with the highest rewards reserved for those who pay their bill more frequently.

• Weekly repayments: Earn 7x points on restaurants, 5x on hotels, 2x on recurring software subscriptions, and 1.5x on everything else
• Semi-monthly repayments: Earn 4x points on restaurants, 3x on hotels, 1.75x on recurring software subscriptions, and 1x on everything else
• Monthly repayments: Earn 2x points on restaurants, 2x on hotels, 1.5x on recurring software subscriptions, and 1x on everything else

Rewards can be redeemed for travel, gift cards, statement credits, and cash back. Travel is the most lucrative redemption method at 1 cent per point. Otherwise, your points are worth around a half-cent.

A business must have a US bank account and a US EIN to qualify for BILL Spend & Expense. When applying, you’ll need to sign up for a demo first, at which point BILL will tell you if your company qualifies.

BILL’s eligibility page states that applicants “typically” must have good to very good business and personal credit to qualify and that while cash balance requirements can vary, you must typically have $20,000 in an active account. Your business history and revenue will also be considered, though no benchmarks are given.

Non-corporate business entities rejoice: your business doesn’t have to be a corporation or LLC for you to qualify. Furthermore, according to BILL, an international company may sign up if at least one owner with 25% ownership or more is a US citizen or resident.

You won’t find monthly or annual fees with Stripe Issuing. However, there are a few fees worth noting, including a currency conversion fee of 1%, $0.10 for each virtual card, and $3.50 for physical cards.

Stripe Issuing allows you to create a corporate card program customized to your business, boasting features including:

• Multi-currency support
• Virtual & physical cards
• Custom card branding
• Custom spend controls including category restrictions, spending limits, & geographic controls
• Automated categorization

Stripe Issuing does not offer cash back rewards or points. However, you can earn a share of interchange revenue with card usage.

Stripe does not disclose all of the eligibility requirements for Stripe Issuing. However, you will need to be a Stripe processing user. Stripe users can access the Stripe Issuing testing dashboard to see what it has to offer. However, you will need to contact Stripe Sales directly to find out more about the program and how to qualify.

The Rho card lacks most typical credit card fees. However, there are a few fees that are charged, including a $30 wire recall fee, a 1% FX fee for non-US currencies, and a 3% late fee.

Rho’s corporate card and business banking suite sports a strong feature lineup.

• Spend controls: Track expenses in real time — purchases automatically link to department budgets
• Bill payment: Automated accounts payable — receive, approve, code, and pay invoices within Rho’s platform
• Card controls: Supervise spending via smart limits and restrictions — change, lock, or cancel cards at any time
• Unlimited physical and digital cards for employees
• Mobile app for iOS and Android

What’s more, Rho’s business banking platform gives you free, unlimited USD wires to 161 countries as well as foreign transactions (with a fee) via 38 global currencies.

Like some other Expensify competitors, Rho’s spending rewards depend on your bill payoff frequency.

• 1.25% cash back if the balance is paid off daily
• 1% cash back if the balance is paid off every 30 days

International purchases do not earn cash back.

Though Rho won’t check your credit or require a personal guarantee from applicants, other underwriting requirements apply. While no specific revenue requirements are given, Rho does state that business revenue is used to determine eligibility.

The Rho Card is available to businesses incorporated in the United States. Sole proprietors and unincorporated businesses are ineligible.

Like Ramp, Brex is an Expensify competitor with no fees whatsoever. No monthly or annual fees, no employee card fees, no foreign transaction fees, and so on.

You’ll only have a monthly fee if you choose to upgrade to the Premium plan for advanced features and automations.

Like Expensify, Brex offers much more than just a corporate charge card. Let’s go over the features on offer:

• Real-time spend tracking: Stay on top of your firm’s business expenses
• Individual card controls: Tailored controls for each subscription, vendor, and employee
• Travel perks: Includes 24/7 concierge assistance
• Mobile app for iOS and Android: Deposit checks, approve payments, and manage cards on the go
• Automatic invoice payment

If you make Brex your exclusive corporate card and choose to make automatic daily repayments, you’ll earn the following for your spending:

• 8x points on rideshare purchases, 5x points on Brex Travel purchases, 4x on restaurants, 3x on eligible Apple purchases through the Brex Rewards portal, 1.5x on ads, and 1x on everything else
• Tech companies can replace the 1.5x points on ad spending with 3x points on recurring software purchases
• Life sciences companies can replace the rideshare points with points for life science conference ticket spending and can replace the points on ad spending with points for lab supply purchases
• Access over $180,000+ in partner rewards, including up to $100K in credits via AWS Activate and 25% off Slack for 12 months

Rewards can be redeemed for statement credit or used to book travel arrangements through Brex’s portal. Also, if you are approved for monthly repayments, you’ll earn points at 1x less than the rates listed above, and if you use Brex but it is not your exclusive corporate card, you’ll only earn 1x points on all purchases.

Brex’s eligibility requirements are both strict and hard to summarize succinctly.

With the Brex card, you either have to make daily or monthly automatic repayments, with daily repayments being easier (relatively) to qualify for. To qualify for a Brex card with daily repayments, you need to meet at least one of the following conditions:

• Received an equity investment of any amount (accelerator, angel, or VC) or plan to in the near future
• Earn more than $1 million+ per year in revenue
• Have more than 50 employees
• Tech startups who are on a path to meeting the criteria above, and are referred by an existing customer or partner, may qualify

The requirements for a Brex card with monthly repayments are even stricter and more complex. Essentially, startups will need at least $50K in the bank, but startups that have received accelerator, VC, or angel investments may have this requirement relaxed. Mid-market and enterprise businesses, on the other hand, will likely need more than $400K/month in revenue ($4.8 million/year).