They seem to get quite popular, also reaching out to folks i know to hire recently.
I was always confused by the name... who thinks Brex is a good choice? I mean Brexit was already a big thing in 2017.
I was always confused by the name... who thinks Brex is a good choice? I mean Brexit was already a big thing in 2017.
They give you 15% of your cash balance as credit and sweep the payment out of your account at the end of the period (which the sales guys conveniently forget to tell you. No shit the guy said, after being prodded about maybe getting a reference since they were not being 100% truthful about terms while we signed up "well AirBnb didn't ask, we don't feel a big obligation to say more"). I mean it's fine, but "hey we autopull money out of your bank account" should maybe come up.
So kinda cool company but definitely not straight forward.
Had another sales guy there after we signed up lie about a different product offering. Know a fair bit about the FDIC and kept asking questions and just got foggy and untrue answers.
Slimy.
Wish we didn't sign up.
Edit: they lied about the process around our AWS credit as well. We ended up getting it, but it was nothing like the described. Could have done the same thing with Silicon Valley Bank. This was the most annoying because it was what pushed us past the zone of indifference towards their service, I asked a handful of times for details for how it worked, and they guy definitely told me white lies to get a sign up.
We signed up during quarantine, if that helps. Not to make excuses for them but maybe the sales team was feeling the pressure of what ended up being a round of layoffs. But this is just speculation.
What does this mean, specifically?
You have $100
You get $15 in credit
You then spent $7 that month
Brex takes $7 from your bank account to pay itself
You have $93 at the end of the month
Your credit line is now ~$14
So it's not too dissimilar from a credit card card, but it's also basically a prepaid debit card and they go out of their way to hide that.
EDIT: Here we go again, lack of sense of humour including puns on HN as well as the pun-ished 'B' word.