Customers who've been approved for a Brex Cash account have a few options to receive credit limits depending on their business type. With Brex Cash, your credit limit is often more predictable since it's based on your Brex account balance rather than an external bank balance.
Daily statements card
Customers who've qualified for a daily statements card will receive a credit limit of up to 100% of the balance in their Brex Cash account. Your card’s full outstanding balance will be collected at the end of each day from your account. As your Brex Cash balance fluctuates, so does your card's credit limit.
Monthly statements card + Brex Cash
Customers approved for monthly statements, along with a Brex Cash account, will receive a credit limit calculated by assessing your connected bank balance and/or statements, as well as your Brex Cash account balance. You can receive a credit limit of up to 20% of your external bank balance plus up to 30% of your Brex Cash balance.
Here are some other relevant resources about daily vs monthly statements:
Credit limits are calculated in part by Brex’s ongoing account-specific determination of risk. These credit limits are subject to change at any time at our sole discretion in accordance with our rights outlined in the Platform Agreement.