Brex Opens San Francisco City Lounge for Card Holders

Mar 22, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Beginning July 30, 2019, Brex Rewards now includes the ability to transfer points to six airline partners, making Brex points significantly more valuable. This comes on top of Brex issuing World Elite Mastercards for all its customers starting in February. Read our story for more information on the new transfer partners along with a special sign-up bonus, and find more info on the card’s World Elite Mastercard benefits here.

It’s been a busy few months for corporate charge card Brex, which has been trying to build a name for itself amid the increasingly competitive business credit card market. In December, it upgraded its travel earning category from 3x points to 4x points. Then in February, Brex transitioned to World Elite Mastercards for all its customers, introducing additional fraud and purchase protections, as well as enhanced travel benefits like travel and rental car insurance. And now, the issuer is further distinguishing itself as the go-to card for startups with the opening of its first physical space.

The new Oval Room by Brex is a members-only lounge in San Francisco’s South Park neighborhood. It is basically Brex’s take on the American Express Centurion airport lounges and Capital One Cafes, but tailored specifically to its startup entrepreneurs customer base.

The lounge is meant to be a place to connect, meet and engage with other members, as well as to host events and hold important business meetings that startups would otherwise have in coffee shops or nearby city parks. Amenities of the lounge include complimentary coffee, Chromebook rentals, phone and laptop charging, printing and scanning, a library of books on entrepreneurship, and concierge services. Hands down, the most valuable feature, however, is the ability to reserve the board meeting room or private lounge room (both AV-enabled) for free.

Although WeWork might come to mind, Brex made it clear that this lounge isn’t a coworking space and shouldn’t be used as a substitute for a day-to-day office. Aside from in the board room, all of the furniture in the Oval Room has a living-room feel to it, with no traditional work desks.

Connections between Billy McFarland’s Magnises Townhouse and Oval Room are also hard to ignore, but Brex stresses that the two are completely different. Unlike the Townhouse, Oval Room isn’t about exclusivity or turning people away. It is meant to reward entrepreneurs with the space and services they need to run their businesses. Brex hopes to foster a sense of community through hosting events like investor fireside chats and accelerator dinners, as well as other initiatives such as a community Slack channel.

Access to the space is currently on an invitation-only basis, but will expand further starting May 2019. Currently, the hours are 9:00am – 5:00pm Tuesday to Friday, but that is subject to change after this beta period. Card holders are able to bring up to two guests, or more if they reserve the boardroom or private lounge room.

Bottom Line

Whether you’re a Brex card holder based out of San Francisco or travel there frequently for work, gaining complimentary access to a meeting room in the South Park neighborhood is a win. The Oval Room is definitely a much more presentable meeting space than a loud coffee shop or park and can save your business a lot of money if you’d otherwise pay to rent a space like this.

For more information on Brex, check out the following posts:

All images courtesy of Brex.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.