Ramp VS BILL: 2024 Comparison

Ramp and BILL both advertise no fees, generous rewards, and useful features, earning each a place on our list of best corporate credit cards for businesses. With so much in common, how do you decide which option is better for businesses?

This head-to-head Ramp versus BILL Spend & Expense comparison will help you decide which corporate card is right for your business.

Ramp VS BILL At A Glance

Both Ramp and BILL Spend & Expense have no monthly fees, extensive expense management, card controls, and more. The main differences between Ramp and BILL Spend & Expense are the rewards structures (Ramp offers flat cash-back while BILL has custom rewards earning categories), foreign transaction fees (Ramp has none whereas BILL does), and the eligibility requirements (Ramp is more difficult to qualify for with $75k cash reserves required, while BILL only requires $20k and accepts sole proprietors as well)

Ready for some nitty-gritty details about where each card shines and falls short? Let’s dive into the biggest takeaways between Ramp and BILL Spend & Expense.

Where Ramp Wins

Where Ramp Falls Short

Where BILL Wins

Where BILL Falls Short

Ramp VS BILL Pricing & Fees Compared

One of the best things about using Ramp corporate card is that it’s completely free. You won’t find any common card fees — that means no setup fees, late fees, interest fees, annual fees, foreign transaction fees, or employee card fees. You’ll also pay $0 to use Ramp’s expense management software and spend controls.

BILL comes close to matching that but slightly misses the mark. With BILL, you won’t pay any upfront fees, such as account setup, annual fees, or employee card fees. However, there is a cross-border fee of 0.9%, a currency conversion fee of 0.2% of the total transaction, and a late payment fee of 2.99% or $38, whichever is greater. While we don’t like seeing foreign transaction fees, this one is still quite a bit cheaper than some of the alternatives out there.

So, is Ramp or BILL?

Overall, Ramp is cheaper than BILL. However, some businesses can still use BILL Spend & Expense without encountering fees if they don’t do international business and avoid late fees.

Ramp VS BILL Rewards & Features Compared

Ramp and BILL both include strong expense management and spend controls along with their corporate card. The main difference in terms of features is that Ramp has a bigger focus on savings automation, while BILL Spend & Expense has a bigger focus on expense automation and employee card controls. BILL Spend & Expense also has one extra noteworthy feature called Flex Limit, which allows you to extend your repayment window, with BILL paying your vendors and you repaying BILL Spend & Expense over one to three months and with a set fee between 0.9% and 1.9%.

Here are some other ways the two corporate cards differ when it comes to features.

Only Ramp Offers

• A flat-back 1.5% cash-back rate
• Unique savings automations
• Slack bot integration that lets users request, review, and issue reimbursements within the app
• Employees can submit spend requests via email or SMS

Only BILL Spend & Expense Offers

• A spending category points reward structure
• Unique budgeting features
• Receipt capture for expense reimbursements
• The ability to receive notifications when employees spend using their BILL card, so you can easily review, approve, and sync transactions
• Automatic expense categorization & expense reports
• Unique flex payments so you can carry a balance on your card for 1-3 months
• Credit builder program that includes a line of credit

If you’d like to see a complete breakdown of these features, visit our website to check out our complete Ramp card review and our BILL Spend & Expense card review for more details.

Ramp VS BILL Spend & Expense Eligibility Requirements Compared

You’ll find clear differences between Ramp vs. BILL when it comes to who is eligible to use these corporate cards. One difference is that Ramp offers full transparency about its eligibility requirements, whereas BILL does not disclose its requirements fully. Here is a quick breakdown of what we know about each corporate card’s requirements.

Ramp is available only to businesses formed as corporations and LLCs and registered in the US. Nonprofits are allowed, but individuals, sole proprietors, and unregistered businesses are not eligible for Ramp’s corporate card. Ramp requires businesses to have high amounts of cash on hand, with a minimum of $75,000 in a US bank account. Ramp will judge your eligibility and credit limit based on your company’s cash balance, cash flows, and other indicators of financial health.

BILL Spend & Expense is open to a wider variety of business types than Ramp, requiring only a US bank account and US EIN. BILL says that its card is suitable for small to mid-sized businesses but does not list specifically what types and sizes of businesses it accepts. However, BILL Spend & Expense told Merchant Maverick that sole proprietors are eligible to apply, so long as at least one owner with a minimum 25% ownership stake is a US citizen or resident. Applicants should have good or very good personal credit, and businesses that are approved typically will have at least $20,000 cash in an active account.

Which Is Better For My Business: A Ramp Or BILL Card?

Ramp and BILL both have a lot to offer to businesses seeking corporate cards with few fees, useful integrations, robust features, and generous rewards. If you’re still stuck trying to choose between using BILL corporate card or Ramp, here are our suggestions.

Ramp has strict eligibility requirements that mean it might not be appropriate for every business. If your business is not a corporation, and if you don’t have at least $75K in cash reserves, your business is not eligible to use Ramp, and BILL Spend & Expense will be a better choice. BILL is available to businesses that are not formed as corporations, and you won’t need to meet high cash-on-hand requirements.

And, while BILL has significantly higher reward rates than Ramp, you’ll have to work to earn them. BILL Spend & Expense won’t deliver any rewards for the first year of card use, and after that, you’ll need to pay off your card balance weekly if you want to hit the highest rewards tier. And rewards depend on the category of your purchases, with restaurants and hotels earning at the highest rates. So, while Ramp’s 1.5% cashback rate may not seem to shine compared to BILL’s highest rate of 7x points, Ramp delivers that return on every purchase, in every category, and every time you use your card, which could make Ramp the better choice based on your business’s spending habits.

Here are more instances where one card outshines the other.

Choose Ramp If …

• Your businesses that do significant work outside the US and want to avoid foreign transaction fees
• Your company is classified as a corporation and has high cash reserves of at least $75,000
• You want a simple cashback rewards plan without having to worry about purchase categories & repayment terms
• You can benefit from Ramp’s numerous and valuable partner discounts
• You want to apply for a corporate credit card without undergoing a personal credit check

Choose BILL If …

• Your business’s spending habits line up with BILL Spend & Expense’s earning categories
• You want to potential for much higher rewards rates than 1.5% cashback with up to 7x points available
• You don’t mind paying off your card balance frequently to unlock higher rewards
• You want some of the most flexible eligibility requirements possible for a corporate card with support for sole proprietors and the lowest cash on hand requirements we’ve seen
• You value telephone support
• You have strong personal and business credit and don’t mind a soft check on your credit as part of the application process
• You want the option to carry a balance with flexible 1-3 month payment terms
• You don’t mind waiting one year to access rewards

Keep in mind that you have many options when you’re looking for a corporate card, and while Ramp and BILL are both solid choices, you may do better with another card. Check out our list of the best business credit cards for more options. We suggest taking a careful look at one competitor in particular, Brex, and we’ve made it easy for you to compare BILL Spend & Expense vs Brex and Ramp VS Brex. You can also look at our list of the best BILL Spend & Expense alternatives for more options to consider.

Whatever card you choose, you can improve your chances of being approved for a corporate card by checking out our tips on how to get a corporate card. Best of luck!

Ramp VS BILL FAQs