Our Take
4.3
NerdWallet rating
The bottom line:
The Ramp Card is a fit for incorporated businesses that have strong (and growing) cash flow and value no personal guarantee over other potential perks and benefits.
More details from Ramp
- Get a $250 Ramp card upon approval. Limit one per new customer. No minimum spend required.
- Eliminate expense reports with automated receipt capture via SMS, mobile app, and integrations with Gmail, Lyft, and more.
- Control wasteful spending before it happens with built-in vendor and category restrictions.
- Complete visibility into corporate spending to help guide strategic business decisions.
- Seamless accounting and ERP integrations including QuickBooks, NetSuite, Xero, and more.
- Speed up monthly close with automated coding and reconciliation.
- Up to 30x higher credit limits than traditional business credit cards.
- Up to $350k partner rewards (AWS, UPS, Amazon Business, and more).
- No personal credit check or personal guarantee required.
- Up to 1.5% cashback on all card spend.
- Get approved in less than 48 hours.
- No annual fee or foreign transaction fees.
- Issue unlimited virtual cards and physical cards for each employee.
- Ramp is a corporate charge card powered by Visa. Businesses are required to pay the monthly balance in full by each statement period.
- Must have at least $25,000 in cash in any U.S. business bank account to qualify.
- Must have most of your operations and corporate spend in the US (although Ramp does support international transactions and will waive all related transaction fees).
- Ramp is only available to corporations, LLCs and limited partnerships. Individuals, sole proprietorships and unregistered businesses are not eligible.
Pros & Cons
Pros
- No annual fee or foreign transaction fees
- No personal guarantee or credit check
- Direct integrations with tools and card-level spending controls
- Rewards do not expire
- Card-level spending controls
Cons
- Not available to sole proprietors
- Rewards rate varies and is determined per customer
Compare to Other Cards
at Ramp | at Chase | at American Express |
Annual fee $0 | Annual fee $95 | Annual fee $0 |
Regular APR N/A | Regular APR 20.24%-26.24% Variable APR | Regular APR 17.49%-27.49% Variable APR |
Intro APR N/A | Intro APR N/A | Intro APR 0% intro APR on purchases for 12 months from the date of account opening |
Recommended credit score 300850poor - excellent | Recommended credit score 690-850good - excellent | Recommended Credit good - excellent |
Full Review
Ramp is a financial technology company that offers business owners all-in-one spend management services. The
Ramp Card
is a corporate card that's part of that overall platform, which also includes features like expense reporting and bill payment.The
Ramp Card
itself is a business charge card, which means you'll need to pay your balance in full each billing cycle. The card has no annual fee, card-level spending controls and direct integrations with top business tools. You can also get a Ramp Card
without a personal guarantee or credit check — provided your business is eligible. As a corporate card, the Ramp Card is only available to incorporated businesses (corporations, LLCs and limited partnerships). Your company will also need to be located in and do most of its business within the U.S., as well as have strong revenue and at least $25,000 in a business bank account to qualify.
Key features
Card type: Small business.
Annual fee:
$0
.Sign-up bonus:
Earn a one-time $250 Ramp card upon approval. Limit one per new customer. No minimum spend required.
Rewards:
1%-1.5%
. (Reward rate varies by customer and is determined by Ramp.
) APR:
N/A
.Foreign transaction fee: None.
Other benefits:
- Automatic receipt matching and expense categorization help streamline accounting functions.
- Spending controls and automatic approval flows allow you to dictate when, where and how company cards are used.
- Expense management and forecasting tools help identify cost-savings opportunities.
- Access to discounted pricing with partner vendors and free contract negotiation.
Ramp business card requirements
To apply for a
Ramp Card
, you need to provide the following:- A business email address on a company domain.
- Login credentials to link your business bank account.
- Employer identification number, or EIN, and business formation documents (articles of incorporation, etc.).
- Personal address and Social Security number (last four digits). Business owners without an SSN can use a foreign passport and proof of address.
- Estimated monthly spend on all business credit cards.
Once approved, business owners get a virtual card and can start using it immediately. Businesses that apply for a physical card will receive one in seven to 10 business days.
Ramp account holders can order additional cards (physical and virtual) through the Ramp dashboard and set spending controls and alerts. You can also assign roles for admins, bookkeepers, employees and card managers, and set up integrations with QuickBooks, Xero, Slack and other business applications.
Customer support (via phone or email) is also handled through your Ramp dashboard. The dashboard is available via a web browser or mobile app. (Note: Ramp does not currently have an Android app.)
Why you might want the Ramp Card
Available without a personal guarantee, credit check
Ramp is one of the few business cards you can get with only an EIN. That's because Ramp looks at your business’s revenue and cash flow — rather than your personal credit history — to determine eligibility and set your credit limit. So business owners with bad credit can qualify as long as their company is thriving. And Ramp doesn’t require a personal guarantee, so business owners aren’t personally liable for any outstanding balance if the business fails.
Streamline spend and expense management
If your employees often spend on behalf of the business and submit reimbursements, Ramp's software could save everyone time. Ramp users can create unlimited virtual and physical employee cards, set highly specific controls on spending and set up workflows so that certain spending automatically comes out of certain budgets. It can even prompt users to upload their receipt by sending an automatic text message every time they use their card.
Apply now
on Ramp's website
New elevated offer
