Side by side
Ramp vs Charles Schwab
Ramp
28 positive (90%) · 2 mixed (6%) · 1 negative (3%)
Trust + time weighted: +88%
AI summary — not a quote
Ramp is highly regarded as a corporate expense management platform and charge card, particularly favored by startups and growing businesses for its automation capabilities. Users consistently praise its 1.5% flat cashback and its ability to streamline accounting through automatic receipt matching and expense categorization. While it excels at managing SaaS subscriptions and issuing virtual cards with granular limits, the approval process can be stringent for companies without strong financials.
Pros
- Flat 1.5% cashback on all transactions.
- Automated expense categorization and receipt matching that syncs with accounting software.
- Ability to issue unlimited virtual cards with specific vendor or dollar limits.
- Effortless management of recurring SaaS subscriptions and contractor payments.
Cons
- Approval process can be difficult for businesses without perfect financials.
- Rewards structure may be less competitive for specific high-spend categories like advertising and inventory compared to other cards.
Top excerpts
Also Ramp is decent but their approval process can be a pain if you don't have perfect financials
been using Ramp for about 8 months now and their bulk card setup is pretty smooth. Created like 40 cards in my first week and no flags or weird holds
Someone suggesting Ramp (like me for example who uses it in a day to day basis) is normal since it's literally what folks are asking about.
I've been using Ramp, it's alright for keeping things more organized than excel.
We switched to Ramp in August and it's been 100% worth it You're gonna get 1.5% cashback on every transaction and you can issue virtual cards to pretty much everyone with limits ($ limits/vendor limits or both). One of the best features is the auto categorization
Charles Schwab
24 positive (80%) · 4 mixed (13%) · 2 negative (7%)
Trust + time weighted: +63%
AI summary — not a quote
Charles Schwab is highly recommended by the Reddit community, particularly within travel and personal finance circles, as a premier choice for international banking and low-cost investing. Its standout feature is the Investor Checking account, which provides unlimited worldwide ATM fee rebates and no foreign transaction fees, making it a staple for digital nomads and frequent travelers. Beyond banking, it is frequently cited alongside Fidelity and Vanguard as a top-tier institution for IRAs and index fund investing due to its low fee structure and reputable customer service.
Pros
- Unlimited worldwide ATM fee rebates
- No foreign transaction fees on debit card usage
- No account minimums or monthly maintenance fees
- Reliable 24/7 phone support and customer service
Cons
- Opening a checking account usually requires opening a parallel brokerage account
- Occasional reports of rigid or inconsistent security verification procedures during account lockouts
Top excerpts
It's basically a thinly veiled shit advertisement for Schwab, whatever that is. ... OP allegedly failed several security questions (after a lot of back and forth, no less), gets locked out of the account, calls them back an unknown number of days later and magically gets into the account with the same responses to the security questions.
Either Schwab is shit at security, OP is shit at story telling, or OP is simply lying. Probably all three.
Schwab doesn't charge you to purchase something internationally, but they may make you pay worse conversion rates to compensate.
Not American, but I heard Schwab avoids a conversion fee, but I'm not sure how much they markup the exchange rate. In any case pay with your card as much as possible.
For travelers, Schwab is the best. No foreign transaction fees and no ATM fees and it's a free account.