Ramp Corporate Card Review & Alternatives

Ramp Corporate Card Review & Alternatives

Corporate credit cards have been part of a company's spend management toolkit for decades. While products from long-standing financial institutions like American Express and U.S. Bank have led the corporate card industry for years, there’s a new class of cards that do more than just cover purchases.

Among the members of the new guard is Ramp. While Ramp has only been around since 2019, it’s already making waves as an alternative to traditional corporate cards. Unlike competitors in the corporate card space, Ramp isn’t a bank. Its primary offering is spend management software that uses charge cards as a tool for controlling spend. 

If you’re considering Ramp, or are shopping around for corporate expense card solutions, you’ve come to the right place. A little research can go a long way in ensuring you equip your company with the best tool for your needs. 

Fortunately, we’ve done the bulk of the work for you. Read on.

Ramp Alternatives

Is Ramp the ideal choice for your business? Here are some alternatives to consider.

Who should use Ramp?

Ramp can be a suitable option for growing companies and lean startups that want to gain control over their spending, increase visibility into transactions, reduce time spent on admin, and eliminate wasteful purchases.

Who should use Lola.com?

Lola.com’s corporate card and spend management software duo is a leading Ramp competitor. It’s the ideal solution for agile startups and growth-oriented businesses that want to take charge of their spending. The Lola.com card helps expanding teams minimize administrative tasks and bookkeeping in favor of focusing on initiatives that add value. This solution equips teams with state-of-the-art spend management tools that banks and other financial institutions typically make available to only their biggest clients.

Ramp vs. Lola.com


What is Ramp?

Ramp is different from your typical corporate card. Here’s an overview of what you need to know to understand this financial product. 

What is Ramp used for?

Ramp is first and foremost a spend management software solution. Companies use it to help control spending, automate accounting, track spending in real time, and earn cash back on purchases. It has features that companies of all sizes can benefit from. 

Ramp software categories

Ramp competitors

Alternatives to Ramp with comparable product offerings include:

  • Lola.com
  • Spendesk
  • Airbase
  • Precoro
  • ProcurementExpress.com
  • Center

Ramp Corporate Card Review

We studied user reviews and sifted through marketing messages to give you the unbiased truth about Ramp.

Does Ramp help you control spend?

Short answer: Yes

Methodology: We studied whether or not Ramp lets you place limits on spending, create and manage departmental budgets, enforce expense policies, and how easily it lets budget owners approve expenses.

Ramp helps to control spend before it happens by allowing you to set pre-approved spending limits and rules to enforce company policies and tie vendors to corporate cards. However, it does not offer the ability to set, allocate and track budgets, so you’ll need another solution for budget to actual analysis. 

Ramp’s built-in policy adherence makes it easy for employees to follow company spending rules. If an employee attempts to make an out-of-policy purchase, the card automatically blocks the transaction. Additionally, receipt collection reminders and submission of records via text message simplify recordkeeping and make it easy for employees to use.

Finance teams will love how easy Ramp makes it to control spending. Finance can issue virtual and physical charge cards, set spending and vendor limits, export data, and more.

Does Ramp give you visibility into spend?

Short answer: Sort of

Methodology: We researched features like ease of use, reporting, and data exportation to determine how much light Ramp shines on its users’ expenses.

Ramp adds visibility to company spending by letting finance teams, budget owners, and spenders see purchases as they’re being made. Dashboards make it easy to filter through transactions by attributes like date and amount to pinpoint specific purchases.

Built-in reports let you see spending by department, employee, or vendor and drill down into data further by exploring top categories and location. 

Ramp offers several ways for employees to get approvals for spending. Budget managers can require approvals before purchases are made, which can slow down operations at a fast-moving company. However, general expense cards and pre-approved spending can remedy inefficiency without risking overspending thanks to built-in policy enforcement.

Ramp’s intuitive interface and unusual spending alerts make it easy for finance team members to do their jobs. If finance wants to take their spending data to more sophisticated platforms, they can export raw data into .csv and .qbo formats.  

Does Ramp help you analyze spend?

Short answer: Yes

Methodology: We examined Ramp’s automation, reporting, and spend analysis features. 

Ramp’s reports help you automate audit trails and sort through transactions by attributes like category and department.

Its innovative spend audit tool can help you identify places to cut spending by highlighting things like duplicate subscriptions and setting alerts for wasteful spending.

Does Ramp work well with the rest of your software?

Short answer: Sort of

Methodology: We reviewed Ramp’s integrations, export capabilities, and extra features.

While Ramp integrates with accounting and ERP tools like NetSuite, QuickBooks, Xero, and Sage Intacct, they lack an integration with Expensify. However, Ramp simplifies expense approvals with a Slack integration and by letting employees text and email in receipts.

As previously mentioned, Ramp users can export raw data in .csv and .qbo formats for use on unintegrated software.

Ramp Visa® Commercial Card

Ramp offers a corporate card through Visa. Here’s what you need to know about it.

The Ramp Visa® Commercial Card is a corporate charge card. Unlike a debit card, which draws money from a linked checking account immediately to pay for purchases, and unlike a credit card, which lets you pay off just a fraction of your balance each month, the balance on a charge card must be paid for in full at the end of each month.

Built-in spending limits and vendor restrictions make the Ramp Visa® Commercial Card a powerful tool for controlling spending before it happens. Budget owners and finance teams can pre-approve expenses through Ramp’s online platform or Slack. The card automatically declines transactions that fall outside of company card policy, which gives budget managers and spenders peace of mind.

Ramp’s corporate card aims to reduce the need for expense reports by making cards accessible to everyone at the company. Ramp users can give out an unlimited number of physical and virtual cards to their employees. Virtual cards are a safe and convenient alternative to plastic, as they can be distributed instantly and assigned to very specific uses. 

When everyone at a company has access to the company card, there’s no need for out-of-pocket expenses and tedious reimbursements. Ramp users can text or email receipts and forego the traditional expense reports creation process.

Another perk of the Ramp Visa® Commercial Card is that it offers 1.5% cash back on all purchases – no exceptions. Cash back has traditionally been reserved for credit cards, which makes this perk a nice bonus. 

While the Ramp corporate card doesn’t offer rewards or points like traditional credit cards do, Ramp offers its customers discounts on purchases from partners like Google Ads and Amazon Web Services.

Ramp pricing

This is what you can expect to pay for Ramp:

  • Startup Plan: Free
  • Growth plan: Undisclosed monthly fee
  • Enterprise plan: Need to contact them for a quote

Ramp support

Ramp lacks a phone support option, and instead offers clients a documentation library and email support. Although email support generally isn’t known for offering speedy service, one reviewer praised Ramp’s support for its quality and speed. 

Ramp review summary

Who should use Ramp?: Lean startups and growing companies that want to reduce time spent on admin, forego the expense report process, and eliminate wasteful spending

Pros of Ramp: 1.5% cash back on all purchases, powerful spending audit feature, built-in policy reinforcement

Cons of Ramp: Lacks convenient support, not the best option if you want to delay payments with a credit card instead of a charge card, lacks some critical integrations

Best Ramp alternative: Lola.com is a corporate card, spend management, and business travel solution made for growing businesses. Try it for free today.

About the Author: Ana Cvetkovic
Ana Cvetkovic is a freelance writer for Lola.com. She is also the CEO of BLOOM Digital Marketing, a creative marketing agency that specializes in creating demand generation content for SaaS companies in the hospitality and travel industries.