![]() ![]() If your company wants an easy way to make purchases, whether that’s online or in a store, and if you have more than one employee who is authorized to charge expenses for your company, Divvy may be a great solution.Īlso, if you could use a little help setting budgets and managing expenses, you’ll love those additional features that Divvy provides. ![]() Who Should Use the Divvy Smart Credit Card for Business? The main way this corporate card stands out is with its many expense and budgeting tools that can give your company better insight into where you’re spending your money, help you set controls so employees don’t overspend, and allow you to manage business travel from one central hub. It’s difficult to compare the Divvy Smart Credit Card for Business to business credit cards in terms of interest rates, though Divvy does say it doesn’t charge any fees. (Learn how to establish business credit so you qualify for the best rates!) How Does the Divvy Smart Credit Card for Business Compare? Nor does the site mention the credit score or other qualifications you need for approval. The major drawback is that Divvy’s site doesn’t list interest rates and fees, so you may not know what you’d pay until you get approved. You can easily view expense reports and transactions as well as set budgets for expenses. You can connect Divvy to your accounting software and streamline managing your finances. One of the biggest benefits of working with this financing company is its many budgeting and spending tools. Also, if you have bad credit, you may still qualify for financing through Divvy. The Divvy Smart Credit Card for Business can help you build business credit, since it reports your activity to the Small Business Financial Exchange (SBFE®). While there have been a few complaints about the sluggishness of the app, Divvy customer service has been quick to respond and take action on issues reviewers mentioned.Īnother perk is the fact that you can order a Divvy card for yourself and other employees, or you can get virtual cards to use online. The Divvy Smart Credit Card for Business also offers valuable rewards for spending, including bonus points for common business purchases.Īnd the Divvy app has good reviews too. The Divvy Smart Credit Card for Business reviews are overwhelmingly positive, with Divvy customers commenting on how easy it is to manage business expenses. ![]() If you’re considering the Divvy credit card or other features, here’s what you should consider first. But you’ll receive one cent in value per point redeemed for travel, but only approximately a half a cent per point for other gift cards, statement credits or cash back. Points can be redeemed for travel, gift cards, statement credits or cash back. ![]() In the Divvy Rewards program, the amount of points earned will vary depending on if you pay weekly, semi-monthly or monthly. Divvy Credit Card Rewardsĭivvy offers reward points for spending, including bonuses for spending at restaurants, hotels and recurring software subscriptions. Additionally, Divvy has a Bill Pay feature that simplifies paying your company’s invoices digitally. You can also reimburse employees for out-of-pocket expenses they’ve covered.ĭivvy Travel is a feature for business travelers and includes all the tools you need to book and manage travel and travel expenses. Its expense management tools let you instantly review and categorize business expenses and set enforceable budgets on different categories. In addition to the Smart Credit Card, the Divvy Smart Credit Card for Business offers some other unique features. You’ll have the opportunity to make monthly payments or pay off your balance in full. Your company can use your line of credit for any business-related expenses, from rent to office supplies. You can have physical cards for employees or virtual ones, and there’s a mobile app you can use to view and manage expenses. With those funds, you can set up budgets for spending so that employees never have to go over what you’re willing to spend on a given expense category. The Divvy Smart Credit Card for Business offers a credit line to businesses, as well as a Divvy card for any employee who needs access to the funds. How Does the Divvy Smart Credit Card for Business Work? the Divvy Smart Credit Card for Businessis a corporate card and grants credit based on your organization’s credit history. Sign Up Does the Divvy Smart Credit Card for Business Run Your Personal Credit? Create a Nav account and let our experts match your business to loans. ![]()
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