Ramp Credit Card Explained

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When it comes to corporate credit cards, there are plenty of options to choose from. But one new startup called ramp is trying to do things a little differently, offering cashback and analysis of payments to help businesses spend less. This page

The ramp card allows business owners to give unlimited virtual and physical cards to their employees while maintaining full control over spending and visibility. They can also set spending rules and receive alerts when expenses are out of policy. Plus, they can customize cards with their company logo and integrate the service with accounting software. They also don’t charge maintenance or replacement fees, foreign transaction fees or interest. Instead, they make money from interchange fees and a tiny cut of each transaction.

Maximize Your Finances: The Ins and Outs of Using Ramp Credit Card Effectively

This is great news for freshly VC-backed startups with flush checking accounts who want to simplify expense management while saving money on everything from office supplies and travel to electronics and dining. Ramp was founded by Eric Glyman and Karim Atiyeh, the team behind Paribus, a service that scans consumers’ email to automatically find and negotiate better prices for online purchases before they are bought. It was acquired by Capital One in 2016.

Businesses can get started with a ramp card for free by connecting a business bank account during the application process. The company says it evaluates applicants based on their business financials and credit history. It also looks at how much a business has in its cash reserves.

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