Ramp

The Ramp Corporate Card is a charge card for businesses that integrates with an expense management platform. It requires full payment of balances each billing cycle and offers features such as automated expense tracking, spending controls, and accounting integrations. It is designed for U.S.-based corporations, LLCs, and limited partnerships.

The Ramp Corporate Card operates as a charge card, not a traditional credit card. This means that businesses must pay their full balance in each billing cycle, and cannot carry a balance or accrue interest charges. There is no APR associated with the card.

The Ramp Corporate Card offers unlimited 1.5% cash back (variable 1%-1.5% for new applicants), no annual or foreign transaction fees, automated expense tracking, receipt matching, real-time spending controls, high credit limits without personal guarantees, and integrations with major accounting platforms such as QuickBooks, Xero, and NetSuite.

The Ramp Corporate Card does not charge an annual fee for its core card product. Businesses can issue unlimited physical and virtual cards to employees without incurring annual charges.

The Ramp Corporate Card does not charge foreign transaction fees for purchases made internationally. However, currency conversion fees of up to 3% may apply if payments are processed in foreign currencies.

To qualify for the Ramp Corporate Card, a business must be a registered U.S. corporation, limited liability company (LLC), or limited partnership (LP). The business must maintain at least $25,000 in a U.S. business bank account and have a physical U.S. business address. Sole proprietorships face additional scrutiny.

The Ramp Corporate Card does not require a personal guarantee from business owners. Credit limits and approval are based on business financials, such as cash flow and bank balances, rather than personal credit scores or guarantees.

The Ramp Corporate Card has no annual fee, no foreign transaction fee, no late fee, and no APR due to its charge card structure. Service fees include a $20 fee for international bill payments and a $10 fee per same-day ACH payment. Currency conversion fees up to 3% may apply for foreign currency transactions.

Ramp provides three subscription tiers: Free ($0 per user per month), Plus ($15 per user per month plus a platform fee, with a 20% discount for annual billing), and Enterprise (custom pricing via sales consultation). The Free tier includes core card features, while Plus and Enterprise add advanced controls and integrations.

The Ramp Plus subscription tier, priced at $15 per user per month (or $12 per user per month with annual billing), includes advanced approval workflows, enhanced travel booking capabilities, automated card locking for policy violations, custom travel policies, and advanced reimbursement controls. Additional platform fees may apply.

Ramp determines credit limits for its corporate card by evaluating business cash flow, bank account balances, and operational performance metrics. No personal credit check or guarantee is required. Limits can range from $5,000 to $250,000 or higher, with new cardholders often starting at $10,000 while Ramp completes its evaluation.

Ramp offers direct integration with major accounting platforms including QuickBooks Online, Xero, NetSuite, and Sage Intacct. These integrations enable real-time synchronization of transaction data, automated categorization, and seamless expense reporting for businesses using these systems.

Ramp protects financial data using industry-standard encryption for data in transit and at rest, tokenization of sensitive card information, multi-factor authentication, and real-time fraud detection algorithms. The platform also supports single sign-on, role-based access controls, and regular security audits.

Ramp provides a mobile application for both iOS and Android devices. The app supports card management, expense submission, receipt capture, and spending analytics. Users can lock or unlock cards, view spending limits, and add Ramp cards to Apple Wallet for contactless payments.

Ramp automates expense management by capturing transaction data at the point of sale, using artificial intelligence to categorize expenses, and matching receipts in real-time. Employees can photograph receipts with their smartphones, and the system uses optical character recognition to extract and match details automatically.

Compared to traditional corporate cards, Ramp does not charge annual fees, does not require personal guarantees, and provides automated expense management with real-time controls. Credit limits are based on business financials and can be up to 30 times higher than traditional cards for qualifying businesses.

Businesses apply for the Ramp Corporate Card online by providing business structure details, estimated monthly spending, and linking a business bank account. The process does not require a personal credit check. Approval usually takes 48 hours, and virtual cards are available immediately upon approval.

Ramp allows businesses to issue unlimited virtual cards at no additional cost. Virtual cards can be configured with specific spending limits, merchant restrictions, and expiration dates, and are available for immediate use after account approval.

New Ramp Corporate Card customers receive a welcome bonus ranging from $250 to $1,000, depending on the source and timing of their application. There is no minimum spending requirement to receive the bonus, and it is delivered via virtual card upon approval.

Ramp's security features include industry-standard encryption for data in transit and at rest, tokenization of sensitive card data, multi-factor authentication, single sign-on integration, role-based access controls, real-time fraud detection, and regular security audits. The platform also supports passkey login and SCIM provisioning for user management.

The Ramp Corporate Card does not charge late fees or interest charges. As a charge card, it requires full payment of the balance each billing cycle, eliminating the possibility of carrying a balance or accruing interest.

Ramp provides a comprehensive API ecosystem with documentation and developer resources for businesses that require custom integrations with proprietary systems or specialized business applications. The API supports REST and webhook synchronization.

Ramp's user experience features include a clean, intuitive dashboard, mobile-first design for iOS and Android, automated expense matching, customizable approval workflows, and real-time notifications. The platform supports receipt capture via mobile camera and provides contextual help and AI-powered chatbot assistance.

The Ramp Corporate Card offers a cash back rate that ranges from 1% to 1.5% on all purchases. The specific rate is determined by Ramp based on the business's creditworthiness and financial profile. There are no category restrictions or spending caps for earning cash back.

The Ramp Corporate Card partner rewards program provides access to over $350,000 in potential savings through discounts and credits with business service providers such as Amazon Web Services, OpenAI, HubSpot, and QuickBooks. These rewards are available in addition to the standard cash back program.