Ramp Business Card Review 2024

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The information for the following product(s) has been collected independently by Business Insider: The Plum Card® from American Express. The details for these products have not been reviewed or provided by the issuer.

Introduction to the Ramp Business Card

The Ramp Visa Corporate Card offers useful expense-tracking tools and flat-rate rewards for businesses seeking simplicity from a credit card.

However, the card falls short of providing many valuable perks business owners have come to expect from the best business credit cards on the market such as a welcome bonus offer, extra rewards on common business expenses, or travel protection benefits.

Furthermore, the Ramp Visa Corporate Card is a charge card that must be paid off at the end of every statement period, making it less than ideal for businesses seeking short-term financing in the form of 0% introductory APR or the ability to carry a balance over several months. 

Ramp Visa Corporate Card

Ramp Ramp Visa Corporate Card

Insider’s Rating

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.7/5

Icon of check mark inside a promo stamp It indicates a confirmed selection.

Perks

Earn unlimited 1.5% cashback


Recommended Credit

No Credit History

Pros

  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. 1.5% cashback on purchases
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. Very high credit limit available
  • Check mark icon A check mark. It indicates a confirmation of your intended interaction. No annual fees, late fees, or foreign transaction fees
Cons

  • con icon Two crossed lines that form an ‘X’. Can’t carry a balance since this is a charge card
  • con icon Two crossed lines that form an ‘X’. Must link a business bank account with at least $75,000
  • con icon Two crossed lines that form an ‘X’. No welcome bonus


Product Details

  • No annual fee.
  • Earn unlimited 1.5% cashback.
  • Automated expense management software built into your corporate card, reimbursements, and more.
  • Access to discounts and rewards with partner vendors.
  • No interest charged because ramp is a corporate charge card. Unlike regular credit cards, charge cards require you pay your balance in full by each statement period and not carry over balances.

The Ramp Visa Corporate Card and its impact on modern business finance

Corporate cards have long been a staple in business finances, but they aren’t easy to obtain. As a result, the relatively new Ramp Visa Corporate Card is well poised to have an impact on modern business finance.

Compared to a traditional corporate card, the Ramp Visa Corporate Card is more within reach for most small businesses. Ramp only asks applicants for an EIN, and doesn’t require a personal guarantee. Successful applicants must also have a bank balance and revenue of at least $75,000.

Ramp further distinguishes itself from other corporate cards by providing automation tools for expense tracking and cost savings for companies with diverse spending. 

Ramp Visa Corporate Card Overview

The Ramp Visa Corporate Card is built around a suite of expense management tools designed to help businesses simplify expense tracking and provide financial oversight tools for companies. With features such as automated expense management and customizable spending controls, Ramp gives companies greater control over their expenses while reducing administrative burdens.

Ramp integrates with popular accounting systems like QuickBooks, Xero, NetSuite, and Sage Intacct for a seamless transition. In addition, Ramp customers get access to substantial savings of up to 50% on business services, including UPS, Amazon Business, Stripe, Indeed and more.

The Ramp Visa Corporate Card enhances these benefits with a flat 1.5% cash back on all purchases and no annual fee. For businesses already using the Ramp platform, it’s an excellent tool for earning rewards and forging a closer relationship with Ramp. However, the card comes with numerous drawbacks.

For starters, the Ramp Visa Corporate Card is only available to registered corporations, limited partnerships, and LLCs. Qualifying for the Ramp Visa Corporate Card also requires at least $75,000 in a business bank account. As a charge card, it must be paid off in full every month. Thus, it’s not the best option for smaller businesses or those using credit cards to finance short-term purchases. 

The Ramp Visa Corporate Card isn’t affiliated with a major bank such as American Express or Chase, so companies can’t use this card to build a valuable relationship with a bank that might provide funding or other services in the future. 

Ramp Visa Corporate Card Rewards

The Ramp Visa Corporate Card earns a flat rate of 1.5% cash back on all spending, which makes it ideal for companies that want a simple card and access to Ramp’s vast expense management tools.

Welcome Bonus 

The Ramp Visa Corporate Card does not offer a welcome bonus, which is typical for business cards with no annual fees and that earn flat-rate cash back. 

How to earn rewards with the Ramp Visa Corporate Card

The Ramp Visa Corporate Card earns a flat 1.5% cash back on all spending, making it a great choice for companies with large expenditures across various bonus categories, earning above-average rewards.

While a reward rate of 1.5% cash back is straightforward, those who want more from their rewards can convert cash back to points and miles for additional value. 

How to use rewards with the Ramp Visa Corporate Card

The Ramp Visa Corporate Card earns cash back rewards, which can be redeemed for credit card payments, Ramp Plus subscription services, flex fees, gift cards, airline and hotel points. The points option is especially appealing for those who want to maximize their Ramp rewards for premium travel awards. 

Ramp partners with 10 airlines and hotel loyalty programs, and points transfer at a 1.5:1 ratio:

  • Aeromexico Rewards 
  • Air France/KLM Flying Blue 
  • Aviana LifeMiles 
  • British Airways Executive Club 
  • Etihad Guest 
  • Marriott Bonvoy 
  • Qantas Frequent Flyer 
  • Qatar Airways Privilege Club 
  • TAP Portugal Miles & Go 
  • Wyndham Rewards

To redeem Ramp rewards, log into your account and go to the “Insights” section of the website. Click on “Rewards” and choose your preferred option.

Ramp Visa Corporate Card Benefits and Features

The Ramp Visa Corporate Card has several benefits and features that appeal to any business seeking a corporate card. These perks aren’t the most rewarding or flashy, but do offer practical benefits to ease expense management, bill payments, accounting, and reporting.

Ramp cardholders get discounts of up to 50% with popular business services such as QuickBooks, UPS, and Amazon Business. Ramp also boasts that many clients save an average of 5% with the platform’s expense management tools.

The flat 1.5% cash-back rate is solid for a corporate card with no annual fee, and rewards can quickly add up for companies with diversified expenses.

But if your business spends significantly in categories like travel, software, or dining, consider other cards that might better suit your needs such as the Brex Card, which not only earns upwards of 7 points per dollar spent but also allows you to transfer points to seven airline programs for premium travel redemptions.

Here’s a closer look at the Ramp Visa Corporate Card’s benefits and features:

Automated Expense Budget Tools

Ramp’s real-time spending insights allow businesses to track expenses and generate detailed reports based on this information. 

Ramp offers automated expense management and budgeting tools, allowing businesses to set spending limits and track expenses in real time. The platform’s comprehensive receipt tracking system allows for less oversight and manual entry.

Integrated Savings Tool

Ramp analyzes spending patterns and identifies opportunities to cut costs, helping businesses improve their bottom line. On average, Ramp states that members save about 5% annually due to these tools. 

No Personal Guarantee Required

Ramp doesn’t require a personal guarantee or credit check to qualify for a Ramp Visa Corporate Card. You’ll qualify for this card if your business is a corporation, LLC or limited partnership with at least $75,000 in the bank.

Unlimited Cards

Ramp Corporate cardholders can issue unlimited cards to employees at no cost. This is a great way to track company spending and earn rewards under the same account. 

Ramp Visa Corporate Card Annual Fee and Other Costs

The Ramp Visa Corporate Card has no annual fee or interest rate. Since it’s a charge card, the balance must be paid in full every month. The card also has no foreign transaction fees or cost for adding additional authorized users.

Compare the Ramp Visa Corporate Card

The Ramp Visa Corporate Card can be an excellent choice for companies seeking simplicity and seamless integration with financial management tools, but it’s not for everyone. 

Since this card isn’t issued by a major bank, the product isn’t ideal for companies that want corporate cards for the sake of building a relationship with an established bank. 

Advantages over Traditional Corporate Cards 

The Ramp Visa Corporate Card has a few advantages over traditional corporate cards. For starters, it’s centered around useful expense management technology and provides seamless integration with platforms like Quickbooks. Access to this technology can benefit businesses beyond just providing the protection and convenience of a credit card. 

Unique Features Compared to Competitors

The Ramp Visa Corporate Card is unique for its lack of fees, and the fact that it offers access to a proprietary suite of expense management tools. These tools are more comprehensive than ones provided by many traditional cards, and existing clients may see value in getting the card for expanded benefits like 1.5% cash back at no annual fee.

Brex Card vs. Ramp Visa Corporate Card

The Brex Card is a corporate card that’s often compared to the Ramp Visa Corporate Card.

The Brex Card stands out with a welcome bonus and tiered category bonuses. New cardholders receive 10,000 points when you spend $3,000 on your Brex card within three months of your Brex business account being opened. Both cards have no annual fee and don’t require a personal guarantee.

While the Ramp Visa Corporate Card earns a flat 1.5% cash back, the Brex Card earns up to 7x on purchases:

  • 7x on rideshares
  • 4x on travel booked via Brex
  • 3x on restaurants
  • 2x on software
  • 1 point per dollar on everything else.

If your business spends substantially in these categories, you might be better off with a Brex Card. 

Brex also has seven 1:1 airline transfer partners, three of which also partner with Ramp: Flying Blue, Avianca Lifemiles and Qantas Frequent Flyer. You’ll want to compare the transfer partner lists and decide which suits your travel habits best. 

One crucial factor to consider is that the Ramp Visa Corporate Card is a Visa while the Brex Card is a Mastercard. Visa is generally accepted more widely, so this difference is worth noting if your business makes a lot of purchases worldwide.

The Plum Card® from American Express
vs. Ramp Visa Corporate Card

The Plum Card® from American Express is a business card with a similar earning structure to the Ramp Visa Corporate Card. It earns 1.5% cash back on all purchases and has no preset spending limit. The card has a $250 annual fee but offers a N/A. 

The Plum Card® from American Express is a great option for those who prefer a card issued by a traditional banking institution. American Express provides many other services and products for businesses, so a card like this one can help your business build a relationship with Amex. 

The downside is that The Plum Card® from American Express doesn’t have the extensive expense management tools that the Ramp Visa Corporate Card offers.

The Plum Card® from American Express does integrate with QuickBooks, providing some expense management support, but the integration isn’t as comprehensive or advanced as what Ramp offers. 

Ramp Visa Corporate Card Cardholder Insights

In addition to consulting Business Insider’s team of credit card experts, we also searched for cardholder feedback across various online forums and resources to summarize the overall consensus.

The Ramp Visa Corporate Card is gaining attention from businesses for its user-friendly, money-saving features and simple rewards structure. It’s primarily ideal for those already familiar with Ramp products and seeking a corporate card that integrates seamlessly with the platform. 

The card’s lack of an annual fee and simple 1.5% cash back rewards is great for maximizing rewards with little effort and oversight. Even those who want to take their points further will appreciate the ability to convert cash back to airline miles. 

The Ramp Visa Corporate Card also has no fees and is widely accepted in the Visa network. So, overall, it’s a solid choice for a corporate card. The only drawback is the lack of a welcome bonus and the fact that this card is only available to incorporated businesses.

FAQs

The Ramp Visa Corporate Card facilitates expense management through integrated financial management features like automated expense tracking. It also provides real-time insights into spending patterns and suggests savings opportunities.

The Ramp Visa Corporate Card is different from traditional corporate cards in that it’s focused on saving money rather than accumulating rewards. It’s also centered around a financial management platform, offering tools for expense control and financial efficiency.

The Ramp Visa Corporate Card has no fees typically associated with a credit card. It has no annual fee, authorized user fee, or foreign transaction fee. 

The Ramp Visa Corporate Card enhances financial oversight by providing detailed spend tracking and reporting. Finance teams can monitor real-time transactions, set spending limits, and enforce company policies more effectively.

Small businesses benefit from using the Ramp Visa Corporate Card to gain insights into company spending, improve cash flow management, and save on expenses.

Why You Should Trust Us: How We Reviewed the Ramp Visa Corporate Card

Our credit cards team reviewed the Ramp Visa Corporate Card by comparing it to similar premium travel rewards cards. We looked at several factors in our assessment, including:

  • Innovative expense management tools — Does the card offer valuable tools for companies seeking to simplify their expense management? Is it unique from what other banks offer their corporate clients?
  • Rewards and benefits  — Does the card earn valuable and flexible rewards? What kind of benefits does it offer?
  • Fees  — What fees do cardholders incur, and how do the costs stack up against similar cards?
  • Accessibility  — Is the card accessible to most businesses? What is the barrier to entry?

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