Ramp Business Card Review 2024

Time-pressed business owners who don’t have time to go over their company’s expenditures with a fine-toothed comb could be missing out on savings worth thousands of dollars. Or at least that’s the premise behind the Ramp card. The company card utilizes proprietary technology to analyze company spending on the card, identifying any areas where you can save, like duplicate subscriptions for the same service or flagging a vendor who may be offering the same item you’re paying for at a better price.

The Ramp card is meant to work in tandem with the company’s predictive software for tracking subscriptions and other recurring payments, similar to a bookkeeping service that helps you keep tabs on your budget.

The card runs on the Visa network, doesn’t require a personal guarantee and doesn’t charge an annual fee for the main cardholder or for additional employee cards. Credit limits are based on company cash flow and sales.

You’ll earn a flat 1.5% cash back on purchases charged to the Ramp card and, in lieu of a traditional welcome bonus, can get savings and discounts on goods and services a modern company is likely to use, like Amazon Web Services, Slack and QuickBooks. The discounts and credits are offered by 90 separate vendors across the spectrum of business services. Ramp advertises that clients can reap up to $175,000 in partner awards, but that is contingent on your company actually needing the services offered.

The Ramp card is a charge card so it’s not a good fit for a company that might need to carry a balance for inventory or other expenses. Employees are issued virtual cards, which work with Apple Pay and Google Pay and are only good at physical vendors that accept those methods or for purchases online or over the phone. Physical cards can be requested. The card will automatically debit your company’s linked bank account on the same day of the month each month.

This card is only meant for corporations and LLCs registered in the U.S. with a minimum of $75,000 in a U.S. bank account. If you’re a sole proprietor or other unregistered business, you aren’t eligible to apply.

• No annual fee
• Earns 1.5% cash back on purchases
• A charge card so you can’t revolve a balance
• Tracks your spending and identifies duplicates
• No traditional welcome bonus or introductory 0% APR offer

Earning Rewards

The Ramp card earns a flat 1.5% cash back on purchases. Cardholders can also get up to $175,000 in savings and discounts on products and services that today’s companies are likely to use.

Redeeming Rewards

To redeem rewards on the Ramp card, log in to your Ramp account and select your business overview page. Click “Payments” and then “Manual Payment” to redeem your cash back.

Rewards Potential

Forbes Advisor uses data from various government agencies to determine spending averages across various categories. The average small businesses might spend on business items like office supplies, phone and internet, travel and electronics is $12,808 annually.

Ramp Business Card Potential
Category	Earning Rate	Estimated Annual Spend	Estimated Annual Earnings
Purchases	1.5% cash back	$12,808	$192.12
			Total: $192.12

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If you have even more electronics for more employees, for example, paying with your Ramp card can earn you even more cash back.

• Accounting integrations: You can integrate Ramp with popular accounting software.
• Automatic receipt matching: Uploading a picture of your receipt will automatically match it with the correct transaction.
• Slack integration: Get real-time finance alerts and handle requests directly through Slack.
• Early payments permitted: If your business reaches its spending limit before the end of a statement period, you may make early payments manually.
• Amazon Web Services credits: Gain access to up to $5,000 in AWS credits.
• Stripe discount: Business cardholders get $25,000 in fee-free processing with Stripe.

Ramp Business Card vs. Brex Card*

The Ramp card and the Brex Card may at first seem fairly similar. Both charge cards offer a slew of integrations with existing software, valuable discounts on services your business is probably already using and no personal guarantee requirement. Although both cards offer rewards on spending, the Brex card offers much higher reward rates if you make it your one and only. The Ramp card offers savings on your spending in a different way by analyzing what you’re spending on and pointing out ways to spend less.

Ramp Business Card vs. The Business Platinum Card® from American Express

If you’re looking for swank travel perks and a high return on your airline spending, The Business Platinum Card® from American Express sets the bar high. It also comes with a high annual fee: $695 (Terms apply, see rates & fees). The Amex Business Platinum earns 5 Membership Rewards® points per dollar on flights and prepaid hotels through American Express Travel, 1.5 points per dollar on eligible purchases at U.S. construction material & hardware suppliers, electronic goods retailers and software and cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year and 1 point per dollar on other eligible purchases.

The Platinum Card offers a bevy of bonuses and extras that well-heeled travelers are likely to find appealing, like a $200 airline incidental fee credit on an eligible airline you choose each year (enrollment required), access to the Global Lounge collection and a fee credit for Global Entry or TSA PreCheck applications. The Amex Business Platinum card is more for spenders, especially those who travel. The Ramp card is designed for savings.

Ramp Business Card vs. Capital One Spark Cash Plus*

The Ramp card is a corporate card, which means that if you’re a sole proprietor or don’t have the bank account minimum, you likely won’t qualify. If you’re seeking a simple cash-back option for your business spending, the Capital One Spark Cash Plus* might be just right.

Although it has an annual fee of $150, the Spark Cash earns a flat 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. Plus, if you spend at least $150,000 on the card, Capital One will refund you your annual fee. It’s also a charge card, but unlike the Ramp, offers a welcome bonus: $1,200 cash bonus after spending $30,000 in the first three months.

Read more: Best Business Credit Cards

The Ramp card could be ideal for a growing business that wants to keep expenses down and doesn’t have the time or bookkeeping power to go through every single purchase to make sure spending is streamlined. The card’s accompanying software gives you the power of a finance team without the extra staff. That alone could save you a bundle. Plus, the simple cash-back structure and savings and discounts are appealing.

But if you’re a heavy traveler who wants high-end service or a smaller business that can’t make use of the Ramp’s technology, look to another card that’s a better fit for your needs.

Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors including:

• Annual fees
• Welcome bonus offers
• Ongoing earning rates
• Value of individual points
• Included merchant credits
• Additional cardholder benefits

Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors came together to provide a star rating for each individual card.

Read more: How Forbes Advisor Rates Credit Cards

To view rates and fees for The Business Platinum Card® from American Express please visit this page.