Ramp corporate card review

Ramp is an all-in-one corporate card, expense management, and bill pay platform with an unlimited 1.5% cashback. There are no annual, setup, or replacement fees associated with the card.

On top of all that, Ramp has a range of integrations and business-friendly tools to streamline your operations and save you money.¹

But is it the right choice for your business? We’re going to break down all of Ramp’s key features in this Ramp corporate card review.

Table of Contents
Ramp corporate card review: Quick overview Ramp business corporate card key features Ramp business corporate card: Is it for you?

Ramp corporate card review: Quick overview

Here’s a quick overview of the main features of our Ramp business corporate card review.

Feature	Ramp
Annual fee	None
Welcome bonus	None
Cash back	1.5% on all purchases
Eligibility	Must be a US based business or organization with a minimum bank balance of $75,000 USD

Ramp business corporate card key features

Now that we’ve had an overview, let’s get into the details of our Ramp corporate card review.

Eligibility

To apply for a Ramp card, you’ll need to be registered in the US and have at least $75,000 USD in a US business bank account.² The majority of your operations and corporate spend must take place in the US.

You’ll also need to be registered as a corporation, LLC, or LP (nonprofits are welcome). Individual consumers and sole proprietors are unable to open an account with Ramp.

When applying for your Ramp corporate card, you’ll need to provide:

• Your Employer Identification Number (EIN)
• Social Security Number (SSN) and personal address. If you don’t have a SSN, then you can apply using your foreign passport and proof of address
• Monthly spending information on all current business cards
• Basic information about your business, including a business email address
• Login credentials to link your card to your business bank account²

After approval, your physical card will arrive within 7-10 business days.³

During the waiting period, you’ll have access to a temporary virtual card that will be deleted after your physical card arrives.

If you applied for a virtual card, you will have immediate access to it after approval.

Fees

Ramp does not charge annual fees, card replacement fees or even interest fees.

There are also no fees applied when making international transactions and spending abroad. Ramp offers competitive FX rates. ⁵

Ramp also offers Flex*, a financing solution that allows you to extend payment terms with vendors. If you choose to use this solution, a small fee will be applied to your transaction.⁴

Rewards and other features

Ramp pride themselves on offering a simple, straightforward rewards system. They offer 1.5% cashback on all purchases made with your Ramp card.⁶

They purposely avoid a points-per-dollar reward system to prevent your business from having to spend to gain points.

Ramp offers over $350,000 USD in discounts through its partner rewards program. For example, you can get:
50% off UPS shipping $25,000 USD worth of fee-free processing with Stripe Up to $5,000 USD in credits for Amazon Web Services 25% discount on eligible paid plans with Slack 1 month free bookkeeping with Kruze Consulting⁷

These are just a selection of some of the many partner discounts Ramp offers.

Ramp also offers a suite of special business features for its cardholders.

With automatic receipt capture and expense categorization, you can ease the accounting process and save time.⁸ Ramp integrates with a range of accounting softwares, from QuickBooks to Xero, as well as other apps, such as Slack and Lyft.⁹

Ramp Savings Insights will provide you with personalized recommendations on how you can reduce spend.⁶

Additionally, Ramp gives you spending controls, allowing you to set daily limits and block entire payment categories for your employees.¹⁰

What credit score do you need for a Ramp card?

One of Ramp’s main selling points is that it doesn’t require a personal guarantee or strong credit history to qualify for a card.

Instead, Ramp assesses your business based on its size, cash flow, available funds and other risk factors.²

Ramp doesn't state its specific credit limits, as your business is assessed on a case-by-case basis. But, they do state that their limits can be up to 30x higher than those of traditional banks.¹¹

Ramp business corporate card review: Is it for you?

The Ramp business card has a lot to offer. If you meet its eligibility requirements, then you have access to a fee-free charge card with high credit limits.

You’ll also gain access to a range of business-specific features to streamline your business’ workflows, saving you time and money.

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Sole proprietor or single member LLC in the US?
Discover the Wise Business debit card

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Sources:

1. Ramp
2. Qualifying and Applying to Ramp
3. Using your Ramp Cards
4. How much does Ramp cost?
5. Does Ramp charge foreign transaction fees?
6. Pricing Intelligence and 1.5% Cashback - Saving Insights | Ramp
7. Partner Rewards Program | Ramp
8. Expense Management Software - Zero-Touch Expenses | Ramp
9. Integrations - Ramp
10. Card Spend Controls - Set Flexible Card Limits | Ramp
11. Credit limit: What is a credit line and how do issuers calculate credit limits

All sources checked February 16, 2023.