Key takeaways
- The Ramp Visa® Corporate Card is a credit card that allows you to manage business expenses, customize spending insights, and track rewards in one place.
- The Ramp Visa Corporate Card earns unlimited 1.5 percent cash back on all spending and free employee cards.
- This card is a charge card, meaning you cannot carry a balance and must pay it off in full every billing cycle.
- While the Ramp card has great business-focused perks, it falls short for travel perks and has no welcome offer.
If you’re in search of a corporate credit card that offers efficient management of business expenses, rewards earning, and cost-saving through customized spending insights, then the Ramp Visa® Corporate Card* is a noteworthy choice.
Ramp provides a comprehensive set of features tailored for small- and medium-sized businesses, including an attractive unlimited 1.5 percent cash back on all expenditures, integrated spend control, and access to over $175,000 in partner rewards. This business card comes with no annual fee, no late fees, no foreign transaction fees, and even no card replacement fees.
If you’re considering signing up, here are nine key aspects of the Ramp Corporate Card that could assist you in making an informed decision:
1. No personal guarantee required
Unlike many business credit cards, the Ramp Corporate Card does not demand a personal guarantee from the business owner. This means that your personal finances and credit will remain unaffected in case your business encounters difficulties.
2. High credit limit without a credit check
Ramp determines credit limits based on your company’s cash balance linked to Ramp, offering credit limits that can be significantly higher than those of competitors. This high-limit business credit card provides flexibility for investing in business growth.
3. Unlimited employee cards
Ramp provides virtual and physical cards for employees at no additional charge, enhancing security against fraud. You have full control over company spending, with real-time transaction monitoring and the ability to set spending limits and policies.
4. Automatic receipt-matching for easy expensing
Ramp simplifies expense management by instantly collecting receipts at the time of purchase and automatically matching them to transactions. Integration with accounting software streamlines expense categorization and reconciliation.
5. AI analytics to reduce spending
Ramp’s AI technology analyzes spending data to identify cost-saving opportunities, detect price increases, and provide real-time spending trend insights, aiding in accurate spending forecasts.
6. 1.5% cash back on every purchase
Ramp offers a competitive 1.5 percent cash back on all purchases, without caps or category restrictions, making it an attractive option for cash back rewards.
7. No interest charges
The Ramp Corporate Card functions as a charge card, requiring full balance payment each month, eliminating the possibility of accruing interest charges and potentially saving your business money.
8. No balance carry-over
Ramp’s 30-day payment terms mean you cannot carry a balance, offering financial discipline but potentially limiting budget flexibility for short-term cash flow needs.
9. Valuable features, limited luxury perks
Ramp offers a range of valuable business tools at no extra cost, but lacks travel and lifestyle perks found in other business credit cards. Consider your priorities between comprehensive expense management and rewards versus premium benefits and payment flexibility.
The bottom line
The Ramp Corporate Card presents a compelling option with quick setup and potential cost savings through advanced reports. However, it may not match the premium benefits of top small business credit cards. Your choice between Ramp and other cards depends on your business needs and preferences.
*The information about the Ramp Visa® Corporate Card has been independently collected by Bankrate and has not been reviewed or approved by the card issuer.