Brex Enhances Rewards Program with Miles Transfer for Six Major Travel Loyalty Programs
Brex Corporate Credit Card Partners with Ascenda to Increase the Value of Rewards Offering
SAN FRANCISCO, CA July 30, 2019 - Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, announced today a partnership with Ascenda, a global end-to-end loyalty solutions provider. Brex cardholders can now redeem their rewards points for airline miles in six major travel loyalty programs: Aeromexico - Club Premier, Air France KLM - Flying Blue, Asia Miles, Avianca LifeMiles, Qantas - Qantas Frequent Flyer, and Singapore Airlines - KrisFlyer. These travel partners represent flagship carriers across the three major global airline loyalty alliances: Oneworld, SkyTeam, and Star Alliance.
The introduction of points transfers reflects Brex’s continued investment in its rewards program, which offers customers unparalleled benefits for their businesses. Brex is now adding its third redemption option, alongside the statement credit and rewards points travel booking it previously offered, increasing the flexibility to use Brex rewards points. For customers, this flexibility, along with the value of being able to exchange rewards points into airline miles to book flights for themselves or their employees, is unmatched.
“The launch of the points transfer capability is a testament to Brex’s ongoing commitment to make its rewards offering the most valuable in the marketplace,” said Henrique Dubugras, co-founder and co-CEO of Brex. “This was the most-requested enhancement to Brex rewards by our existing customers, so we’re thrilled to be able to deliver on our promise of continued improvement and innovation.”
In 2018, Brex introduced its rewards offering with points multipliers on categories popular among businesses including software, rideshare, and dining. It subsequently introduced a travel platform which allows Brex customers to both book and redeem their Brex rewards points for travel. By forming partnerships with product and service providers that offer discounts and promotions specifically to Brex cardholders, Brex has signup bonuses totaling over $50,000 in discounts for its customers. Additionally, Brex has unique signup offers targeted to its ecommerce and life sciences customers.
"We are proud to partner with Brex’s unique rewards program to design and launch unparalleled benefits that offer outsized, differentiated value to its business customers," said Kyle Armstrong, CEO of Ascenda. "Both our organizations are committed to challenging the status quo with smart, innovative solutions that deliver meaningful customer value."
Brex is transforming B2B payments by creating corporate cards, rewards, and travel programs that are tailored to specific industries. In 2018 Brex launched the first corporate card and rewards program specifically designed for startups. By rebuilding the credit card tech stack from the ground up, Brex is able to reimagine every aspect of corporate cards, including underwriting, transparency, and approvals, to create a radically better experience for customers. Brex is backed by Y Combinator Continuity, Peter Thiel, Max Levchin, and more, and has raised $315M in equity and $100M in debt capital. The company’s headquarters are in San Francisco.
Ascenda is a global provider of innovative loyalty solutions powering premium rewards propositions for over 70 of the leading financial services and travel brands worldwide.
Ascenda designs and manages innovative end-to-end solutions to address the most meaningful challenges facing the loyalty industry today. By deeply profiling local market needs to provide the right technology, content and value propositions alongside careful management of marketing, operations and commercials, Ascenda delivers beautifully simple, highly compelling offerings that eliminate the trade-off between cost and customer value.
For more information about Ascenda, please visit www.ascendaloyalty.com.
SutherlandGold for Brex
The Brex Mastercard® Corporate Credit Card is issued by Emigrant Bank, Member FDIC. Terms and conditions apply. See the Brex Platform Agreement for details.
Brex Inc. provides a corporate card. Brex Treasury LLC is an affiliated SEC-registered broker-dealer and member of FINRA and SIPC that provides Brex Cash, a program that allows customers to sweep uninvested cash balances into certain money market mutual funds. Investing in securities products involves risk, including possible loss of principal. Neither Brex Inc. nor any of its affiliates is a bank. Please see brex.com/cash for important legal disclosures.