Complete Guide to Brex Rewards, Transfer Partners & Redemptions Complete Guide to Brex Rewards, Transfer Partners & Redemptions

Complete Guide to Brex Rewards, Transfer Partners & Redemptions

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Like Chase Ultimate Rewards or Amex Membership Rewards, Brex Rewards are another type of transferable/flexible points currency. While lesser known than other programs, these points are worth understanding and holding due to their varied redemption options. Here's what you need to know about the Brex program, including Brex's airline transfer partners.

What is the Brex Rewards Program?

Brex Rewards is the points and loyalty program of Brex, which is a fintech bank. Along with its banking platform, Brex also offers a credit card: the Brex Cash and Card. Last year, there was a lot of buzz about this card and its generous welcome offer. Since then, interest in the Brex Rewards program has grown, as people seek to understand what these points are worth and how they can be used.

It's important to note that Brex is geared toward businesses. Thus, personal applicants and sole proprietors without business incorporation paperwork are typically excluded from opening accounts.

How to Earn Brex Rewards Points

The main way to earn Brex Rewards points is through spending on the Brex Cash and Card. This card functions differently than most credit cards. Let's dig into how.

CardArt-BrexCashCard

Brex Cash and Card

You can earn points from daily spending on the Brex Cash and Card and from its welcome offer of 25,000 Bonus Points. It also has the following earning structure on spending: You can earn 8x Rideshare, 5x Brex Travel, 4x Restaurants, 1.5x Ads, 1x Everything else.

The Brex Cash and Card is not a traditional credit card. In order to have money to spend on your card, you must have money in your Brex cash account. You can transfer funds from bank accounts or receive payments. These provide access to funds for spending on the Brex Cash and Card.

The Brex Cash and Card settles daily. Typically, you can only use around 80% of your available cash balance for purchases. Consider these factors in your spending activity.

The best part of this is that the account and the card have no annual or monthly fees.

Incentives & Promotions

Brex Rewards promotions for extra earnings

Brex has promotions on its Rewards page. This can include discounts on businesses services but also extra points earning opportunities. Scroll through the available promotions to see what might be of interest to you. Be sure to note the terms of the promotion and what you can earn from it before enrolling.

Value of Brex Rewards Points

There are various redemption options for your Brex points, and this will largely determine the value that you obtain from points.

Brex Rewards redemption options
Available redemption options for Brex Rewards points

Cash Back

You can redeem your Brex Rewards for a fixed value of 1¢ into your Brex Cash account. From there, you can pay bills or transfer to another bank account. The rewards are deposited into your Brex Cash account immediately if you choose this option.

Buy Gift Cards

Another fixed-value option: you can redeem your points at 1¢ each for gift card purchases.

Buy Cryptocurrency

The only mainstream flexible points currency with this option, you can redeem your points at a fixed value of 1¢ to buy crypto. At present, the two cryptocurrency options for this redemption are Bitcoin and Ethereum.

Book Travel through Brex Portal

You can redeem your Brex points at a value of 1¢ each when booking through Brex’s own travel portal. You can book flights and hotels this way at a fixed redemption value.

A different way to do this would be paying cash for the reservation and then redeeming the number of required points into your Brex Cash account. You’re essentially redeeming the points to cover the cost of the purchase, but this is a “cash purchase”.

You’ll earn rewards on these flights since they are considered paid flights and not award redemptions. Both options use your points at a value of 1¢ each, but earning points and miles on your trip afterward makes this advantageous.

Transfer to Travel Partners

The value of your points will vary depending on how you redeem them, but this is likely to be the most valuable use of your points. By transferring points to airline partners, you have the chance to get more than 1¢ in redemption value as this is a flexible option. By being strategic, users can easily redeem Brex Rewards points for 1.5¢ or above.

Brex Rewards Transfer Partners

So what are the airlines you can send your points to? At present, Brex has the following airline transfer partners:

  • Aeromexico Club Premier
  • Asia Miles (Cathay Pacific)
  • Avianca LifeMiles
  • Emirates Skywards
  • Flying Blue (Air France / KLM)
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer

There is a mix of Oneworld, SkyTeam, Star Alliance, and non-alliance transfer partners here. This makes numerous flight options available through partner bookings.

All transfers are at a 1:1 ratio. The minimum points transfer is 500 points. But, you can transfer any number of points. That makes Brex a great way of topping off your account with exactly the number of miles you need.

JetBlue was a previous transfer partner, but this ended in October of 2021.

Transfer Times for Brex Rewards Points

Your points should transfer to the airline partners within a week at the worst. Transfers are sometimes instant and many times will occur within 1 business day, but this is not guaranteed.

How to Transfer Points

You can transfer points from your Brex Rewards account to a loyalty program in the name of anyone listed in the Brex account. Since you can add users to your Brex account for free, this is a useful feature to transfer points to family members’ airline accounts, for example.

From the Brex Rewards “Marketplace” page, click on “Redeem” under “Redeem your points for airline miles.”

redeem-brex-rewards-for-airline-miles-transfer-partner

From this page, select the airline partner you want to transfer to and fill out the required information.

History of Brex Rewards Transfer Bonuses

Brex Rewards has run several transfer bonuses in the past. Transfer bonuses are excellent because your miles become more valuable when sending them to your desired airline partner's loyalty program.

We have seen the following transfer bonuses:

  • 25% bonus to Avianca LifeMiles (ended July 2, 2021)
  • 20% bonus to Aeromexico Club Premier (ended August 8, 2021)
  • 20% bonus to Air France / KLM Flying Blue (ended August 8, 2021)
  • 20% bonus to Avianca LifeMiles (ended August 8, 2021)
  • 20% bonus to Cathay Pacific Asia Miles (ended August 8, 2021)
  • 20% bonus to Singapore Airlines KrisFlyer (ended August 8, 2021)

Evaluating the Positives and Negatives of Brex Rewards

There are strengths and weaknesses in all programs. One of the major weaknesses of Brex Rewards at this point may simply be the fact people aren’t very familiar with it. Earning, managing, and redeeming points that you aren’t familiar with can be daunting.

Here’s a summary of the main negative and positive aspects of the points program:

Negative aspects:

  • Inability to combine points directly with other Brex accounts.
  • Relatively low number of transfer partners.
  • No hotel transfer partners.

The lack of hotel options and a limited number of airline programs likely make Brex points less valuable than points like American Express Membership Rewards, Chase Ultimate Rewards, or Citi ThankYou Points since these points have more robust transfer partner options.

Positive aspects:

  • Numerous redemption options.
  • Points transfer to airlines in all three alliances.
  • 1:1 transfers.
  • History of transfer bonuses.
  • Transfer points to other people’s loyalty accounts — if they're listed in your Brex account.
  • Transfer exactly the number of miles you need — as long as you transfer at least 500 points.

Even though you can’t combine Brex Rewards points with others, you can get around this through the ability to transfer points into others’ loyalty accounts. You can do this if that person is named on the Brex account. Adding users is free, which makes this a strength overall.

As for strengths, multiple different redemption options and the fact all transfers are 1:1 make Brex points worth holding for anyone looking to diversify. Even though the number of transfer partners is limited, they cover a wide breadth of alliances and partnerships, which should put numerous flights around the world within reach.

Our Take

It seems unlikely that Brex Rewards points will overtake programs like Membership Rewards, ThankYou Rewards, or Ultimate Rewards. These programs have more transfer partners available, and they also have more options for earning mountains of points through credit card welcome offers. With Brex, the opportunities for earning huge amounts of points through welcome offers are very limited.

Despite this, having Brex points to diversify your options can be a good idea. If one program devalues, holding points elsewhere offsets this. Brex Rewards is a relative newcomer in the transferable points arena, but they offer varied redemption options and a decent list of transfer partners that should offer something worthwhile for most points & miles enthusiasts.

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