BILL vs. Ramp Credit Card Review 2024

BILL and Ramp both offer cash back rewards when you spend money on the card, but the reward scheme is a little different for each card. With Ramp, you’ll get 1.5% cash back on all purchases. With BILL, rewards depend on both the category of goods that you are purchasing and your payoff frequency and can range from 1x to 7x points. It is worth noting, though, that BILL rewards do not kick in until after a year of card use.

BILL and Ramp have different requirements for eligibility. Ramp requires businesses to have a minimum bank balance of $75,000, while BILL requires a minimum balance of $20,000. Ramp is only available for corporations and LLCs, while BILL is available for corporations, LLCs, and sole proprietors. 

Neither BILL nor Ramp requires a personal guarantee, meaning that the credit card company won’t be able to come after your personal assets in the event that your business shuts down or goes bankrupt.

One knock against Ramp is the fact that the company does not offer phone-based customer support. Instead, you’ll have to rely on email or live chat for your questions and concerns. Ramp also doesn’t offer a mobile app. BILL, meanwhile, offers both a mobile app and phone-based support.

Many credit card companies charge an annual fee just for the privilege of using their card. With BILL and Ramp, though, this isn’t the case. Neither card has an annual fee or a setup fee. Ramp, meanwhile, doesn’t have late fees or foreign transaction fees either.

BILL and Ramp both offer excellent expense reporting features to help startups keep track of their budget. With Ramp, business owners are able to set limits on employee cards and even define the spending categories that an employee is able to use the card on. BILL, meanwhile, offers automatic expense reporting features and real-time insights into spending by department, team, project, or employee.

Both BILL and Ramp provide a wide range of discounts, deals, and signup offers from their business partners. With Ramp, you can look forward to over $350,000 in potential partner perks from Ramp business partners such as AWS, Xero, Slack, and many more. BILL also offers perks from an equally wide range of partners, including AWS, FedEx, Verizon, and Costco.

BILL is one of the best startup credit cards, thanks to its lack of fees and generous rewards. With BILL, you can look forward to up to 7x points on restaurants, 5x points on hotels, 2x points on recurring software, and 1.5x points on everything else. Along with the spend category, another factor that determines how many points you receive is payoff frequency, with users who pay off their balance weekly getting the most points.

BILL does not have any annual fees or setup fees. However, BILL does charge fees for late payments and fees for foreign transactions. If you avoid using your BILL Divvy Corporate Card outside of the US, though, and make your payments on time, then you’ll be able to avoid any fees with BILL.

To qualify for a BILL Divvy Corporate Card, you will need to have either good or very good personal credit and $20,000+ in your business bank account. BILL does not require a personal guarantee.

Features and Rewards:

• Up to 7x points on purchases 
• No annual fees or setup fees 
• Accounting automation and expense management features 
• Hundreds of partner perks

Fees and Interest Rates:

• No setup fee
• No annual fee
• 2.99% late payment fee
• 0.2%–0.9% foreign transaction fees
• 0.2% currency conversionfee

The Ramp corporate credit card offers a straightforward and generous rewards scheme, high-quality features and perks, and a complete lack of fees.

With Ramp, you will receive 1.5% cash back on all purchases regardless of the spend category or your payoff frequency.

Like BILL, Ramp does not charge annual fees or setup fees. Ramp takes this no-fee approach a step further, though, by also eliminating late payment fees and foreign transaction fees.

To qualify for a Ramp corporate credit card, you will need to have a minimum bank balance of $75,000. Ramp is only available to corporations and LLCs and does not require a personal guarantee.

Features and Rewards:

• 1.5% cash back on all purchases 
• Zero fees of any kind 
• Hundreds of partner perks 
• Automated savings insights

Fees and Interest Rates:

• No annual fee
• No setup fee
• No interest fee
• No late payment fee
• No foreign transaction fee

BILL and Ramp are both great corporate credit cards with more commonalities than differences. With Ramp, you can enjoy a corporate credit card experience that is completely free of fees. BILL does charge late payment and foreign transaction fees, but these fees are easy enough for most users to avoid.

Depending on your spending categories and how frequently you pay off your card’s balance, BILL is likely to provide more rewards than Ramp. With that said, many users still prefer Ramp’s more straightforward rewards scheme.

BILL and Ramp both offer high-quality tools and features for spending control, expense management, and accounting automation. Both offer excellent partner perks as well. Ultimately, both BILL and Ramp are great options to consider for startup owners looking for the best corporate card on the market today.