> They give you 15% of your cash balance as credit and sweep the payment out of your account at the end of the period
What does this mean, specifically?
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.