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1. #Divvy business credit card full#
2. #Divvy business credit card software#
3. #Divvy business credit card free#

If the bulk of your business spending is on anything but restaurants, you can find better rewards cards out there - granted they may come with an annual fee.

Compare that to a lot of other business credit cards that offer at least 1.5% cashback on all purchases and up to 5% on certain transactions.

#Divvy business credit card software#

Those numbers get worse if you decide to pay your balance once a month versus once a week - dropping to 1% for restaurants and hotels, 0.8% on recurring software subscriptions, and 0.5% on everything else. What about cashback? Assuming you go the cashback route and assuming you'll pay your balance weekly, then your cashback rate is roughly 3.6% for restaurants, 2.5% for hotels, 1% for recurring software subscriptions, and just 0.8% for everything else. If you do that, you'll effectively get 7% in rewards for restaurant spend and 5% on hotels. The best case scenario is that you spend a lot of money on restaurants and hotels, choose to pay your balance weekly and redeem points via Divvy Travel. Here's exactly what the table above means regarding how much value you'll get based on where you spend and redeem your rewards. Note that businesses must spend at least 30% of their credit line each month to qualify for points.

There are three reward-earning tiers for the Divvy card. You can ask for an unlimited number of employee cards for free.

#Divvy business credit card full#

Since it's considered a charge card due in full on the payment date, there are no interest charges. There are no annual, monthly, initiation, or hidden fees. The Divvy card charges no fees for its card or its expense management platform. Here's a detailed breakdown of what to expect from the Divvy card. With this program, you still get access to all of Divvy's features for its standard program, including rewards and budgeting software. The amount you pre-fund is your credit line. The Credit Builder program is a secured line of credit where you pre-fund your credit line before spending. If you don't qualify for Divvy's standard card, Divvy also offers a Credit Builder product. Cash balances (typically at least $20,000).The criteria that Divvy considers include: However, if unapproved, you can still opt into their secured card program. There's no minimum credit score required as Divvy doesn't require a personal guarantee or do a hard credit check. The Divvy card also offers integrated bill pay, which allows you to pay bills and invoices in the app. Approval for reimbursement expenses and funding requests is done in real-time via mobile notifications. You can create one-time or recurring budgets based on various categories - e.g., project, event, team, location, or vendor.Įach cardholder can have individual spending limits that are adjustable in real-time. The budgeting and spending management tools are the highlight of this card. If you spend a lot of money at restaurants and hotels and want to improve your business' budgeting - control spending, automate expense reporting, and create budgets - Divvy's worth a closer look. If you're interested in rewards, sign-up bonuses, and premium perks, you'll likely be better off with a different business card. The card has certain requirements for annual revenues and bank balances (typically $20,000).

It's labeled a "smart credit card," which is meant to help companies of all sizes manage expenses and the budgeting process. The Divvy card is meant for small businesses. The rewards offering is unique, but the real value lies in its expense management features.

#Divvy business credit card free#

You can also get free physical and virtual cards for all employees no credit check (hard pull) or personal guarantee is required. You can elect to pay your balance weekly, semi-weekly, or monthly - which also determines the rewards you earn - the more frequently you pay, the higher the rewards.ĭivvy's card and expense platform are all free, with no fees. The Divvy card is a charge card, where the balance is due in full by the due date. The Divvy card is considered a smart corporate credit card that helps businesses manage expenses and budgets.