Ramp

4/5 stars

A straightforward business card with corporate spending and expense management features focusing on saving businesses money. 

Pros

  • Cash-back rewards
  • Integrated expense management tools
  • Automated savings recommendations

      Cons

      • No traditional rewards like travel perks
      • Full payment required monthly

      The Bottom Line

      Small-to-medium sized companies with regular, predictable expenses that prioritize direct savings will benefit the most from Ramp’s features. 

      This page may contain affiliate links. Our assessments are grounded solely in the product’s merits and performance.

      Plans & Pricing

      Ramp uses a subscription-based monthly pricing model, offering different tiers with additional spend management features instead of charging an annual fee like traditional business cards. Balances must be paid off in full every month, so there is no interest or APR. 

      Intro Offer: 

      Ramp does not offer a traditional sign-up bonus or introductory offer. 

      Rewards: 

      • Unlimited 1.5% cash back on all purchases

      Instead of offering traditional rewards points, Ramp has a standardized 1.5% cash back across all purchases so the money goes right back into your pocket to invest on growth for your business. You’ll also get access to discounts on business tools, up to $175K in partner rewards. 

      Eligibility

      No personal credit checks or founder guarantee is required for Ramp. 

      Incorporation Requirements: All Ramp applicants must have businesses registered in the US, and be a corporation, limited liability company, or LP (nonprofits welcome). Individuals, sole proprietors, and other types of unregistered businesses are not eligible. You must provide your Employer Identification Number (EIN) as part of the application. 

      Cash Minimum: Businesses must have at least $75,000 cash in any US bank account linked to the application. 

      US Transactions: Most of your operations and corporate transactions must be in the US. (International transactions are supported with waived transaction fees, but the majority needs to be in USD.) 

      You’ll also need to use a business email to apply. Non-business email addresses are not accepted. 

       

      Pricing information is retrieved from publicly accessible pricing materials. The actual cost may vary based on specific plans chosen. Always check directly with the seller for the final quote.

      Pricing information last updated March 7, 2024.

      Eigibility requirements mentioned are for informational purposes only and are sourced from publicly accessible information. Final eligibility for any product or service is determined solely by the vendor or service provider. 

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      Product Review

      The Ramp corporate card is a financial tool designed for businesses seeking a modern approach to corporate spending and expense management. Distinguished by its commitment to saving businesses money, Ramp offers a charge card with a focus on simplicity, transparency, and automated savings. Unlike traditional corporate cards, Ramp does not charge interest, as it requires payment in full each month. The card rewards users not with points or travel perks but with direct savings, offering 1.5% cash back on all purchases. Eligibility for the Ramp card typically hinges on the business’s financial health and spending patterns, with a focus on serving small to medium-sized businesses and startups.

      Ramp is issued on the Visa network, ensuring worldwide acceptance. 

      Here are some of its key features:

      • Integrated Software: Ramp’s software automates expense reports, receipt matching, and approval workflows, streamlining the accounting process.
      • Real-Time Insights: Offers real-time reporting and insights into company spending, helping businesses make informed financial decisions.
      • Policy Controls: Businesses can set custom spending limits and controls at the cardholder level, enhancing spend management.

      Environmental Commitment: Ramp plants a tree for every transaction made with the card, appealing to eco-conscious businesses.

      Best for: SMBs with Predictable Expenses

      Ramp is ideal for small to medium-sized enterprises and startups that prioritize direct savings and efficient expense management over traditional credit card rewards. Companies with regular, predictable expenses and those looking to automate and streamline their financial processes will benefit most from Ramp’s features. Businesses focused on sustainability will also appreciate Ramp’s commitment to environmental causes.

      Businesses seeking flexible credit options, those heavily reliant on travel perks and rewards points, or very small businesses without established financial histories might find Ramp less suited to their needs.

      Note that Ramp does not allow balances to be carried month-to-month. There are also no travel benefits, lounge access, or luxury perks. Since the rewards come as cash back, there are no points redeemable for goods, services, or travel. 

      Why we love it:

      • Simplicity and Transparency: The straightforward cash back reward and lack of fees make financial management simpler and more predictable.
      • Powerful Expense Management: The integrated expense management tools save time and resources on accounting tasks.
      • Proactive Savings Recommendations: Ramp’s software identifies and suggests actionable savings opportunities, directly impacting the bottom line.

      Ramp

      Small-to-medium sized companies with regular, predictable expenses that prioritize direct savings will benefit the most from Ramp’s features.

      Ramp

      Control spend, automate payments, and close your books at lightning speed.

      Continue on Ramp website

      Ramp Plus

      Granular controls and increased customization to scale and expand globally.

      Continue on Ramp website

      Ramp Enterprise

      Enhanced security, compliance, and dedicated support to operate efficiently.

      Continue on Ramp website

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