Is This Enterprise Card Legit?

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The Divvy Card has expense monitoring, worker spending controls, and a few eye-catching rewards.

However is that this company card going to spice up your enterprise, or are you higher off wanting elsewhere?

This text will present you:

  • All it’s good to know in regards to the Divvy card. 
  • A breakdown of Divvy’s necessities, rewards, and credit score scores. 
  • How the Divvy company card compares to different enterprise playing cards. 

Learn extra: 

Divvy Credit score Card at a Look

Full title: Divvy Card 

Greatest for: Small to medium-sized companies

Issuer: BILL

Required credit score rating: 670 or extra

What Is a Divvy Credit score Card?

The Divvy card is a cost card that helps companies handle their bills. 

Whereas much like a bank card, a cost card means you should repay your expenses in full on the finish of every billing interval.

Divvy enables you to assign spending limits to every worker and monitor their bills in real-time—all on one platform. 

This helpful function helps small companies management their spending and handle their budgets. 

One other advantage of utilizing the Divvy card is incomes rewards on a weekly, semi-monthly, and month-to-month billing cycle

The rewards program consists of as much as 7x factors on eating places, 5x on resorts, 2x on software program subscriptions, and 1.5x on every part else. 

One of many major perks of the Divvy card is the easy-to-use platform, which helps you to view all of your bills in a single place—making it simpler to maintain monitor and keep organized. 

How does the Divvy Credit score Card work?

Divvy gives credit score traces that go as much as a whopping $15 million. 

When making use of, you’re free to select a credit score line quantity that fits your enterprise, which you’ll enhance if scaling up is sooner or later. 

When you’ve acquired the cardboard, you’ll be able to assign every buy to a particular finances class, challenge, or worker—with all transactions tracked in actual time. 

You too can set alerts and notifications to remain on high of any overspending or suspicious exercise.

On the finish of the month, you’ll get a press release that exhibits all of your bills damaged down by class. It is a nice approach to regulate your finances and work out who’s spending further on these “espresso runs.” 

What actually units Divvy aside is the rewards system, although. 

You may earn as much as 7x factors on eating places, 5x on resorts, 2x on software program subscriptions, and 1.5x on every part else.

The factors rely in your billing cycle (month-to-month, semi-monthly, or weekly), and it’s good to spend at the very least 30% of your credit score line in a month. 

You should even have the cardboard for a 12 months earlier than you can begin raking in these rewards (extra on that later).

Learn extra:

Divvy Credit score Card: Fast Abstract Evaluate

Listed here are some fast info to get you began:

APR

0% 

Annual price

$0

Intro supply 

No intro supply

Commonplace rewards

As much as 1.5x factors on all different purchases

Most rewards 

As much as 7x factors on eating places

As much as 5x factors on resorts

As much as 2x factors on software program subscriptions

Total ranking 

4.6/5

Take a look at extra enterprise card alternate options

Divvy Credit score Card Charges & Charges

Divvy is technically a cost card, not a bank card—so it doesn’t include the identical batch of charges as different playing cards. 

Want proof? 

Listed here are the charges that you’ll (and received’t) discover with the Divvy card:

Price

Element

Annual price

$0

Processing price

$0

Month-to-month upkeep price

$0

APR

N/A

APR for money advances

N/A

Steadiness switch price 

N/A

Money advance price 

N/A

Overseas transaction price

0.2%–0.9%

Late price 

2.99% or $38, whichever is bigger

Minimal curiosity cost price 

N/A

Returned cost price 

N/A

Over restrict price 

N/A

Extra card price 

N/A

Divvy Credit score Card: Professionals & Cons

If your enterprise is your child, you don’t need to select any outdated card with out doing all of your analysis. 

Right here’s a rundown of all of the Divvy advantages and downsides:

Professionals 

  • No annual price.
  • Cashback rewards.
  • Actual-time expense monitoring.
  • Worker spending limits.
  • Straightforward-to-use platform.

Cons 

  • No intro supply.
  • Restricted rewards classes.
  • Sophisticated rewards construction.
  • Late cost charges.

Professionals: What we like

No annual price

The Divvy card has no annual price, which might prevent a ton of cash over time. 

With no annual price, you should utilize the cardboard with out worrying about shelling out extra cash. This makes it the perfect selection for companies that want to look at their backside line. 

Beneficiant rewards

Divvy gives a powerful rewards construction with totally different alternatives for incomes. 

You may get as much as 7x factors if you spend good on classes like resorts and eating. 

These rewards might help offset the price of working your enterprise, so you’ll be able to maintain these earnings flowing. 

Actual-time expense monitoring

Divvy’s acquired a real-time expense monitoring function that permits you to view all your enterprise bills in a single place and get alerts when issues get slightly too spendy. 

This helps maintain your funds on level, so you can also make top-notch selections about the way to allocate (or divvy up) your sources. 

Worker spending limits

With the power to set spending limits for every worker, you’ll be able to put the kibosh on overspending earlier than it even occurs. 

No extra worrying about that one worker whose enterprise bills look slightly questionable. 

Straightforward-to-use platform

Divvy’s acquired a platform that’s really easy to make use of that even probably the most tech-averse might deal with it. 

Its user-friendly interface comes full with an expense tracker and the choice to set spending limits. 

Cons: Issues to think about 

No intro supply

In contrast to different bank cards which may supply a money reward if you join, Divvy’s acquired no such factor. 

This implies you received’t get any rapid rewards (or immediate gratification) after signing up for the cardboard.

Restricted rewards classes

Divvy’s acquired some spectacular rewards, however there’s a catch—the rewards are solely accessible for choose classes like software program subscriptions and eating. 

Plus, you’ll earn much less in case your account has a month-to-month billing cycle (versus each day or semi-monthly). 

Sophisticated rewards construction 

The sophisticated rewards construction of the Divvy card will be difficult to navigate. 

With a number of level multipliers and redemption choices, determining the way to earn and use your rewards will be exhausting

This may be irritating in case you simply desire a easy rewards program.

Late cost charges

That is one other potential draw back of the Divvy card.

When you miss a cost or make it late, you’ll be hit with a price of two.99% or $38, whichever is bigger.

This could add up shortly, making it a expensive mistake for companies to make.

Divvy Credit score Card: Issues to Know

How do the Divvy rewards work? 

The Divvy rewards program has its personal approach of doing issues. 

Divvy rewards a degree for each greenback spent in an account. 

Sounds easy—however these factors are decided based mostly on the account’s billing cycle and transaction kind:

 

Weekly, each day, or pay as you go

Semi-monthly

Month-to-month

Eating places 

7x factors 

4x factors 

2x factors 

Accommodations

5x factors 

3x factors 

2x factors

Recurring software program subscriptions

2x factors 

1.75x factors 

1.5x factors 

Different eligible purchases 

1.5x factors 

1x factors 

1x factors 

To get these rewards, you need to spend at the very least 30% of your credit score line every month and be a Divvy buyer for at the very least a 12 months. 

There are many transactions that can get you some factors, and when you’ve racked up 5,000, you’ll be able to redeem them for rewards.

Simply remember the fact that these rewards solely apply to the primary $5,000 spent in a month

All subsequent transactions will earn rewards on the “different eligible purchases” price.

Listed here are your redemption choices and the way a lot your Divvy factors are value:

Redemption possibility

Description 

Level worth 

Cashback

You’ll obtain your cashback by way of verify by means of the mail inside 10 enterprise days.

0.0052 cents per level (100,000 factors equals $520)

Reward playing cards

You’ll get a Tango present card by way of e mail inside 3–5 days with directions. 

0.0051 cents per level (100,000 factors equals $510)

Assertion credit score

Your assertion credit score will present up as an adjustment in your subsequent month-to-month assertion. 

0.0049 cents per level (100,000 factors equals $490)

Journey

They may apply the quantity as a reimbursement after reserving together with your Divvy card by means of their journey companions. 

0.01 cent per level (100,000 factors equals $1,000)

Are your rewards not redeeming? 

In case your account is youthful than a 12 months outdated, you received’t be capable to reap these rewards but. 

Different causes may very well be that you simply don’t have 5,000 factors saved up, otherwise you’ve been late in your funds. 

When selecting a card based mostly on the rewards, there’s loads it’s best to look out for. 

Discover a card that pays you again in your normal spending. Perhaps it’s cashback on groceries or factors for journey. Frequent flyers ought to look out for perks like lounge entry or journey insurance coverage. On the buying entrance, maintain an eye fixed out for playing cards providing prolonged warranties or worth safety.

Branson KnowlesHead of US digital banking at Prime Cellular Banks

When you like rewards, take a look at our high cashback bank cards.

What are the Divvy Enterprise bank card necessities?

To get your fingers on the Divvy Enterprise card, there are a couple of necessities you’ll want to satisfy:

  • Annual income: Your corporation will need to have a minimal annual income threshold, which might range relying on the accounting integrations you employ to confirm your income.
  • Enterprise historical past: Divvy considers an organization’s enterprise historical past in its eligibility necessities, similar to how nicely the enterprise is performing over time.
  • Money balances: Companies should keep a minimal money stability of $20,000 in an energetic account. That is so you have got sufficient money stream to repay your bills and bank card payments.
  • Credit score rating: Divvy considers private and enterprise credit score scores when assessing eligibility. You’ll must have a very good to superb FICO credit score rating to be authorised (over 670). 
  • Location: Divvy is barely accessible for companies in america. If your enterprise is predicated exterior the US, you received’t be capable to use Divvy.

Learn extra: 

The right way to get authorised for a Divvy Enterprise bank card?

Except for Divvy’s customary bank card necessities, listed below are some extra steps you’ll be able to take to spice up your probabilities of being authorised:

  1. Test the authorized necessities: Make it possible for your enterprise meets the authorized necessities for making use of. This implies you’ll want a legally acknowledged enterprise within the US (similar to an organization, partnership, or sole proprietorship).
  2. Have a very good credit score rating: Whereas there’s no particular credit score rating requirement for the Divvy card, it’s really useful that you’ve a good rating of at the very least 670. You may verify your credit score rating at no cost on web sites like Credit score Karma
  3. Collect your paperwork: When you’re assured about assembly the authorized and credit score necessities, it’s time to assemble any obligatory monetary info. This could embody your private earnings, enterprise income, and tax returns. 
  4. Present correct info: Double-check your software for errors earlier than sending it off. You don’t need to run into any points that would delay your approval.

Divvy sometimes delivers a choice on bank card purposes inside a couple of days. 

Hold studying to search out out the way to activate the cardboard as soon as it arrives— 

The right way to activate the Divvy card?

When you’ve acquired maintain of your bodily Divvy card, it’s best to get an e mail with every part it’s good to learn about the way to activate it. 

However in case you missed the memo—we’ve acquired your again.

The primary possibility is to activate your card by means of the cell app. 

Simply go to the “Pockets” icon within the Navigation Bar and choose the “Activate Card” button. Then all you need to do is enter the final 4 digits of your card quantity and faucet “Activate.” 

An alternative choice is heading to the net browser.

You may select your username from the Navigation Menu. From there, simply choose the “Activate Card” button and enter the final 4 digits of your card quantity to activate. 

Does Divvy report back to credit score bureaus?

As a part of Divvy’s credit score builder program, they report your credit score efficiency to the Small Enterprise Monetary Change (SBFE). 

They’re not a credit score bureau, however they gather cost knowledge for small companies within the US.

SBFE then shares this knowledge with licensed distributors like Dun & Bradstreet, Equifax, Experian, and LexisNexis Threat Options. 

These distributors use this knowledge to create a credit score report and credit score danger rating for your enterprise.

Can you employ your Divvy card as a credit-builder? 

Sure. When you use your Divvy card responsibly by making on-time funds and maintaining your credit score utilization ratio low, you’ll be able to enhance your credit score rating over time

However in case you miss funds or max out your credit score, it might damage your rating.

Learn the way to construct enterprise credit score

What’s the Divvy bank card restrict?

Divvy boasts an eye-opening credit score restrict of $15 million.

However don’t get too excited. You’ll should repay your card commonly, and you’ll’t carry a stability from month to month.

When you can request a excessive credit score restrict, what you get will rely in your creditworthiness, enterprise income, and bills

So when you have a good credit score rating and a booming enterprise, they’re extra more likely to approve you for the next credit score restrict than somebody with a decrease rating.

You’ll additionally get a finances restrict, which you’ll select for inside firm management. 

And in case you actually need to maintain tabs on every part, you can even set limits for every finances member or vendor card throughout the finances.

How do I contact Divvy Enterprise bank card customer support?

Monitoring down bank card contact info will be like looking for a penny in a car parking zone—you may be there for some time. 

Fortunately, Divvy has all their customer support particulars properly laid out on their web site. 

Right here’s how one can contact their customer support workforce:

  • Cellphone: Name the Divvy customer support quantity at (855) 229-3111. They’re open to speak from 6:00 a.m. till 8:00 p.m. MT throughout the week and seven:00 a.m.–4:00 p.m. MT throughout the weekend. You too can name the Divvy bank card contact quantity (385-352-0374) for credit score software points. 
  • E mail: You may e mail buyer help at assist.getdivvy.com or [email protected] in case you need assistance together with your credit score software. 
  • Chat: By signing in to your account, you’ll be able to chat with a workforce member from 6:00 a.m. till 10:00 p.m. MT on weekdays and seven:00 a.m.–4:00 p.m. MT on weekends. 

Divvy Credit score Card Evaluations

The most effective methods to take a look at a card is by asking those that’ve had firsthand expertise. And sadly for Divvy, not all prospects are singing their praises. 

Divvy has acquired a ranking of 2.5 out of 401 evaluations on Trustpilot—with 47% giving it 5 stars and 43% hitting it with a one-star ranking. 

One buyer took concern with the customer support, “I’ve tried to name, e mail, and on-line chat for days. All you get is an individual on an island who says they’ve created a ticket, however don’t have any approach to truly speak to anybody who can truly take motion.” 

Others have questioned how Divvy collects knowledge, “After you fill in all the info in your firm, the automated robotic will let you know in case you’re eligible for a card or not. So I acquired a pre-approved credit score, however after sooner or later the appliance was deleted mechanically. I imagine that Divvy collects private knowledge from US firms.” 

Nevertheless it’s not all doom and gloom. There are additionally a bunch of optimistic Divvy evaluations. 

One blissful buyer defined how Divvy helped their enterprise, “Divvy is a recreation changer for our enterprise. We ship out over 300 firm playing cards each summer time to our workers/volunteers, and it has saved us a whole lot of hours of expensing work.

And others have highlighted how straightforward Divvy is to make use of, “We shoot commercials and must attribute the proper bills to the proper shoot finances. Divvy has stepped in and made that terribly straightforward. I’d say Divvy saves us at the very least two full enterprise days every month by way of our month-end shut.

Whereas evaluations aren’t all the time probably the most correct supply of data, it’s undoubtedly value testing buyer complaints, so what to be careful for. 

If this has you enthusiastic about different card choices, take a look at the comparability part under.

How Does the Divvy Card Examine? 

In terms of your enterprise, you don’t need to decide on the primary card you see. It’s all the time sensible to do your analysis and see what the competitors has to supply. 

So it’s time for the battle of the enterprise playing cards—let’s discover out which card can enhance your enterprise: 

 

Divvy Card 

Amex Blue Enterprise Plus

Capital One Spark Money Plus

Annual price

$0

$0

$150 

(refunded yearly you spend at the very least $150,000)

Rewards

As much as 7x factors on eating places

As much as 5x factors on resorts

As much as 2x factors on software program subscriptions

2x factors on on a regular basis eligible enterprise purchases

1x factors on different eligible purchases

Limitless 5% cashback on resorts and rental vehicles

2% cashback on different eligible purchases

Intro supply

No intro supply 

Earn 15,000 factors

after you spend $3,000 in your first 3 months

Earn $1,200 if you spend $30,000 within the first 3 months

Discover out the way to get a enterprise card in 4 easy steps. 

Divvy Credit score Card: Helpful Hyperlinks

Is the Divvy Credit score Card Good For Me?

The Divvy Credit score Card could also be a very good match for you if—

  • You personal a small to medium-sized enterprise.
  • You need real-time expense monitoring and worker spending controls.
  • You desire a card that provides cashback rewards for eligible purchases.

The Divvy Credit score Card is designed particularly for small and medium-sized companies, providing a wide range of options and advantages that may assist you to maintain your bills underneath management and lower your expenses over time. 

With real-time expense monitoring and worker spending controls, you’ll be able to play detective and ensure your workers aren’t spending an excessive amount of. 

And with Divvy, you’ll get rewards on eligible purchases—which helps maintain your bills low and your earnings excessive.

Simply remember the fact that these rewards can range based mostly in your billing cycle. And in case you’re on the hunt for a extra conventional bank card, you would possibly need to look elsewhere. 

FAQs 

Who does Divvy report back to?

The Enterprise Divvy bank card exercise is reported to enterprise credit score bureaus similar to Equifax and Experian Enterprise. 

Reporting to credit score bureaus is vital as a result of it helps set up and construct a credit score historical past, which can be utilized to acquire higher financing choices sooner or later.

Uncover the perfect methods to construct credit score with a bank card

Does Divvy report back to Dun and Bradstreet?

Sure, Divvy stories to Dun & Bradstreet. 

As a enterprise credit score bureau, Dun & Bradstreet is likely one of the predominant reporting businesses for enterprise credit score exercise.

By reporting to Dun & Bradstreet, Divvy helps small and medium-sized companies construct their credit score historical past and enhance their probabilities of acquiring financing sooner or later. 

This may be particularly vital for small companies simply beginning out or with restricted credit score historical past.

What’s the Divvy minimal credit score rating requirement? 

The minimal credit score rating for Divvy is 670—or something from a good to superb credit score rating on the FICO scale. 

Having a robust credit score historical past and bettering your credit score rating might help enhance your probabilities of approval and will lead to higher phrases and charges. 

It’s all the time a good suggestion to verify your credit score report and rating earlier than making use of for credit score and to take steps to enhance your creditworthiness if obligatory.

Does Divvy do a tough pull? 

No, Divvy doesn’t make a tough inquiry into your credit score report. 

After finishing your Divvy software, they are going to do a tender inquiry into the enterprise and your private credit score to resolve the perfect credit score restrict for your enterprise. 

A tender inquiry doesn’t have any impact in your credit score, so it received’t hurt your credit score rating in any approach. 

Uncover the perfect tricks to enhance your credit score

Is Divvy a bank card?

No, Divvy is a cost card—which implies you should repay your expenses in full on the finish of every billing interval. 

The cardboard is particularly designed for small to medium-sized companies and gives a wide range of options and advantages to assist companies handle their bills. 

If a cost card isn’t for you, take a look at our greatest bank cards

Does Divvy pull private credit score?

Sure, Divvy might pull private credit score if you apply for his or her enterprise bank card

It’s because Divvy considers each private and enterprise credit score info when reviewing purposes. 

Nevertheless, Divvy doesn’t report private credit score exercise to enterprise credit score bureaus except you have got a private assure on your enterprise account. 

When you’re involved in regards to the impression of a credit score verify in your credit score rating, make sure you verify your credit score report and rating beforehand. 

Is Divvy legit?

Sure, Divvy is a official firm that provides a wide range of monetary services, together with enterprise bank cards and Divvy expense administration software program. 

The corporate has been in enterprise since 2016 and has acquired combined evaluations from its prospects and trade consultants. 

Moreover, Divvy has partnered with main monetary establishments similar to Visa and Bancorp Financial institution to supply its companies. 

Nevertheless, as with all monetary services or products, it’s vital to do your individual analysis and due diligence earlier than making any selections or signing up for something.

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