6 ms·

1 - Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart. Although we're building a new

1 - Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart. Although we're building a new rewards program that will launch later this year, would love to hear your thoughts on what a great rewards program looks like for you. 2 - Interesting thought on the payment! Will investigate it. On the AML/KYC by regulation we can't rely on another party, we have to do our own :/ 3 - Working on it!

koolba 8y ago
> Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart. That's a hell of a sign up bonus! Is the $5K for entirely new AWS accounts or do existing accounts that sign up and update their current account with the new payment option as the primary get it as well?
- hdubugras 8y ago
  It works for existing customers! But it needs to be the first aws credits you’ve ever got. If you got AWS credits from someone else before, it wouldn’t be applicable.
  - bg0 8y ago
    I'm assuming it is $5k for the first year? Do these credits expire?
    - hdubugras 8y ago
      Yes - for the first year
      - asah 8y ago
        This conflicts with the $20-30k available from most accelerators/incubators/VCs,c which also need to be there first credits.
cperciva 8y ago
we're building a new rewards program that will launch later this year, would love to hear your thoughts on what a great rewards program looks like for you. Honestly, dollars are fungible. For less sophisticated customers, points which can be redeemed specifically for travel are attractive because people anticipate getting better deals than they end up with; but I'd be disappointed if that works well for the audience you're targetting here. Just make it a cashback %age based on the fees you get from the card network. On the AML/KYC by regulation we can't rely on another party, we have to do our own :/ Ah, too bad. But even if you have to do your own AML/KYC paperwork, pulling data from Stripe should help with risk scoring, right? In particular, for those of us with unfunded but profitable startups.
- hdubugras 8y ago
  1 - makes sense... thanks for the feedback 2 - integrating stripe as a datasource for underwriting is definetly in our roadmap!
- kenneth 8y ago
  I disagree. I have no interest in fungible dollars when the alternative is miles which can be used to get outsized return on experiences. I have plenty of ways of making money, and trying to optimize for a %age of cash back is not particularly interesting. Miles and points on the other hand can be used to get experiences that would otherwise be completely out of question due to their price. It adds something meaningful to my life. Flying to Australia in first class on Emirates is more memorable than making $1,500 of cash-back.
  - seaturtles 8y ago
    THIS +1000000000000 Don't care about cashback cards under 5%. Earning miles and points is much more meaningful and attractive.
  - StavrosK 8y ago
    ...but... you can use the money to buy a first class ticket!

koolba 8y ago

> Today with Brex if you signup and have Brex be your primary card you get: $5k of AWS, $105 in Doordash and $105 on Instacart. That's a hell of a sign up bonus! Is the $5K for entirely new AWS accounts or do existing accounts that sign up and update their current account with the new payment option as the primary get it as well?

hdubugras 8y ago
It works for existing customers! But it needs to be the first aws credits you’ve ever got. If you got AWS credits from someone else before, it wouldn’t be applicable.
- bg0 8y ago
  I'm assuming it is $5k for the first year? Do these credits expire?
  - hdubugras 8y ago
    Yes - for the first year
    - asah 8y ago
      This conflicts with the $20-30k available from most accelerators/incubators/VCs,c which also need to be there first credits.

cperciva 8y ago

we're building a new rewards program that will launch later this year, would love to hear your thoughts on what a great rewards program looks like for you. Honestly, dollars are fungible. For less sophisticated customers, points which can be redeemed specifically for travel are attractive because people anticipate getting better deals than they end up with; but I'd be disappointed if that works well for the audience you're targetting here. Just make it a cashback %age based on the fees you get from the card network. On the AML/KYC by regulation we can't rely on another party, we have to do our own :/ Ah, too bad. But even if you have to do your own AML/KYC paperwork, pulling data from Stripe should help with risk scoring, right? In particular, for those of us with unfunded but profitable startups.

hdubugras 8y ago
1 - makes sense... thanks for the feedback 2 - integrating stripe as a datasource for underwriting is definetly in our roadmap!
kenneth 8y ago
I disagree. I have no interest in fungible dollars when the alternative is miles which can be used to get outsized return on experiences. I have plenty of ways of making money, and trying to optimize for a %age of cash back is not particularly interesting. Miles and points on the other hand can be used to get experiences that would otherwise be completely out of question due to their price. It adds something meaningful to my life. Flying to Australia in first class on Emirates is more memorable than making $1,500 of cash-back.
- seaturtles 8y ago
  THIS +1000000000000 Don't care about cashback cards under 5%. Earning miles and points is much more meaningful and attractive.
- StavrosK 8y ago
  ...but... you can use the money to buy a first class ticket!