

Right here’s a kind of card you’ve most likely by no means seen earlier than: The Divvy Enterprise Credit score Card is a enterprise credit score bank card that gamifies the best way you earn — providing extra factors awarded on purchases in case you pay your invoice weekly. It may be an absolute energy earner, awarding as much as 7 factors per greenback, through Divvy Rewards, on choose purchases. What makes this return much more spectacular is that the Divvy Enterprise Credit score Card is a no-annual-fee bank card.
Nevertheless, each the profitable bonus classes and the choices for redeeming factors are restricted. Let’s check out whether or not this card will match into what you are promoting technique.
Who is that this card for?
The Divvy Enterprise Credit score Card is a small-business bank card, which means it’s a superb possibility for organizations which are rising rapidly in addition to sole proprietors simply trying to take extra management over their enterprise spending.
It’s very useful irrespective of the dimensions of what you are promoting, because it automates a lot of the clerical trivialities of proudly owning a small enterprise (we’ll get into that later). Nevertheless, when you’ve got a small payroll with restricted wants to increase strains of credit score to staff, among the card’s most unusual options received’t be of use to you.
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This card additionally could enchantment to you in case you’ve already opened most different well-liked small-business playing cards and are searching for one thing outdoors the realm of Chase, Amex, Citi, and so forth. It shouldn’t depend in opposition to your Chase 5/24 standing, as most small-business playing cards don’t seem in your private credit score report.
Divvy stipulates that this bank card is for these with “good to wonderful” credit score. However Divvy additionally affords a useful (and unlisted) function for these with poor credit score, and even no credit score: Divvy Credit score Builder accounts (or pay as you go accounts). Should you can’t get a credit score line however nonetheless need Divvy’s advantages, you may prepay your account and use the Divvy Rewards platform to withdraw out of your obtainable funds.
Signal-up bonus
Unhealthy information right here: the Divvy Enterprise Credit score Card presently affords no sign-up bonus.
Fundamental advantages
Whilst you study these card advantages, take note two issues:
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- You’re probably saving cash by accounting for each greenback.
- You’re working (almost) each penny of enterprise bills by Divvy to earn most rewards.
These are the issues Divvy desires to attain in your small enterprise that different playing cards could fail to do. I attended a demo of the bank card, and the cardboard does provide an edge over all different small enterprise playing cards within the above capacities.
No annual price
The Divvy Enterprise Credit score Card is simple on the underside line with no annual price. Not solely is there no annual price for the principle account holder, however there are additionally no additional charges for requesting worker playing cards with no most restrict on worker playing cards.
Create budgets
Herein lies the Divvy Enterprise Credit score Card‘s namesake. The primary function of the cardboard is the best way you may divvy up your company card’s line of credit score.
One of the vital worrisome features of including a certified consumer or worker to your major bank card is the truth that they’ve carte blanche entry to your credit score line. The funds function solves that downside as you may dole out a singular quantity of credit score for particular conditions, solely as a lot as you’re prepared to spend.
Because the funds proprietor, you may view a particularly digestible dashboard of all of the budgets you may have assigned. It comprises graphics reflecting the dimensions of every funds, how a lot is spent and the way a lot is remaining. You too can create limitless budgets.
For instance, you may create budgets for every worker to make sure they don’t blow out your credit score restrict or rack up too many sudden bills. Should you’ve acquired an worker touring to a convention, you may assign a greenback quantity to their card. As soon as they hit the cardboard’s restrict, the cardboard will decline.
On the identical word, every worker can request a bump in credit score from the funds proprietor. If there are unexpected bills, the funds proprietor can launch extra credit score in real-time. You too can set up a “grace interval” of types, the place the cardboard received’t decline if the cardholder nominally breaches their credit score line.
The concept right here is to remove overspending, and subsequently save the corporate cash.
It’s additionally price noting that if you pay a invoice, you’ll instantly unlock that quantity of credit score as soon as once more (much like American Categorical).
Simple expensing
Processing and finishing expense studies is all the time an disagreeable endeavor for enterprise homeowners and staff.
Divvy worker playing cards places the onus of expense monitoring on the worker doing the spending — nevertheless it’s simple for them, too. As quickly as they spend, they’ll submit a receipt and spend a few seconds getting into the acquisition particulars, and it’s all performed and over proper then and there.
Various ranges of permissions
Most bank cards, private or small enterprise, give licensed customers little to no energy over the account. They will’t log into your account, they’ll’t see how a lot credit score stays and might’t do something however spend.
With Divvy, you may give completely different permissions to completely different cardholders. If for some motive you need to give one other cardholder entry to account information, you are able to do this with out handing over your private login credentials.
Reimbursement
Even in case you can’t use your Divvy Enterprise Credit score Card for all purchases, you may nonetheless enter any expense into Divvy and reimburse your self for purchases you make with out the Divvy bank card by ACH deposits free of charge.
There are many causes you would possibly desire to make use of money or a private bank card and be reimbursed from Divvy later. For instance:
- Should you’re at a meals truck that solely takes money, you may take an image of the receipt and enter the quantity and nature of the acquisition into Divvy. It’ll file the acquisition and subtract it out of your funds.
- The Divvy Enterprise Credit score Card is a Visa. Some shops don’t settle for Visa (for instance, a couple of Kroger subsidiaries). Chances are you’ll want to make use of your private Amex or Mastercard to get what you want.
Digital bank cards
You’ll be able to create a vast variety of digital playing cards for on-line recurring payments.
As an alternative of putting all bills in your major bank card, you can also make a card for each expense and fix a funds to every. For instance, you may create a card for paid Fb advertisements and a unique one for the corporate’s FedEx account. Then, in case you occur to misplace your card or fraud occurs, you don’t must undergo the effort of modifying the cost info for all of your subscriptions.
You’ll be able to even create “burner” playing cards which are deleted in six days.
Higher-than-average buyer help
I hesitate a bit to record this as a profit since I don’t presently have the cardboard to strive it out, however the Divvy staff swears they’ve acquired next-level service. No automated telephone menu labyrinths, and hardly any wait instances. You’ll be able to name or on-line chat, and “inside seconds” you’ll be speaking to a consultant. You too can e mail.
Incomes Divvy Rewards factors
The part you’ve been ready for. The Divvy Enterprise Credit score Card earns rewards on all spending (fairly generously, in some classes).
Divvy readily admits that they don’t have essentially the most worthwhile factors program within the recreation nevertheless it does have some fascinating classes. One (unlucky) catch is that you simply received’t earn factors for reimbursements. That might have been a gold mine for miles and factors fans.
In brief, the Divvy Rewards technique is to make vastly extra bills rewardable than different small enterprise bank cards.
Divvy has gamified the rewards-earning course of. What you earn is determined by two issues:
- Which bonus classes you spend in.
- How usually you pay your invoice.
Right here’s what you’ll earn.
Cost frequency | Eating places | Motels | Recurring software program subscriptions | All different purchases |
---|---|---|---|---|
Weekly | 7 factors per greenback. | 5 factors per greenback. | 2 factors per greenback. | 1.5 factors per greenback. |
Semi-monthly | 4 factors per greenback. | 3 factors per greenback. | 1.75 factors per greenback. | 1 level per greenback. |
Month-to-month | 2 factors per greenback. | 2 factors per greenback. | 2.5 factors per greenback. | 1 level per greenback. |
Earn as much as 7 factors per greenback at eating places — on a no-annual-fee card? That definitely sounds above common. However let’s take a look at use these factors and the way a lot they’re price.
Redeeming Divvy Rewards factors
You will need to redeem your factors by the Divvy Rewards on-line platform.
Specify what number of factors you need to redeem and select a redemption methodology:
- Journey.
- Reward playing cards.
- Cashback.
- Assertion credit score.
Divvy Rewards are price, at most, 1 cent every. Listed here are the assorted methods to spend your factors together with the worth you’ll obtain for every possibility.
Redemption kind | Worth per level |
---|---|
Divvy journey | 1 cent per level. |
Reward playing cards | ~0.51 cents per level (0.5 cents per level when redeeming 5,000 factors or much less). |
Assertion credit score | ~0.49 cents per level (0.5 cents per level when redeeming 5,000 factors or much less). |
Cashback | ~0.52 cents per level (0.5 cents per level when redeeming 2,000 factors or much less). |
As you may see, factors are price about half of a cent for many redemption. Should you’re utilizing this card to earn money again, and pay your invoice weekly that’s like incomes:
- 3.6% again at eating places (7 factors per greenback).
- 2.6% again at inns (5 factors per greenback).
For a no-annual-fee card, that’s fairly good. Nevertheless, all different incomes eventualities with this card aren’t as nice.
Should you desire to make use of your rewards for journey, your return shall be a lot larger — however you’re now competing with an elite catalog of journey bank cards that may typically internet you way more worth in your spending if you already know the most effective methods to maximise these rewards.
However, right here’s the method for utilizing your Divvy Rewards factors for journey:
- Pay for journey with the Divvy Enterprise Credit score Card.
- Click on “Redeem Rewards” in your Divvy dashboard.
- Fill out the rewards kind with the variety of factors you need to redeem
- Submit the shape.
Divvy Rewards says that your redemption shall be processed inside 10 enterprise days.
The method is a two-edged sword. You’ll be able to guide immediately with the journey supplier as an alternative of going by a third-party portal, which is nice information for these wanting to make use of factors for inns, as you usually solely earn elite evening credit, elite advantages and resort factors in case you guide direct.
Nevertheless, you could use the Divvy Enterprise Credit score Card to order your journey, which means these with airline or resort bank cards received’t be capable to earn additional rewards or kick in built-in journey protections on these purchases.
How the Divvy Enterprise Credit score Card stacks up in opposition to the competitors
So how does the Divvy Enterprise Credit score Card examine to different no-annual-fee enterprise playing cards?
Take away the budgeting options, and also you might be able to beat among the different incomes charges of the Divvy Enterprise Credit score Card elsewhere. The cardboard doesn’t lengthen a welcome bonus, has no travel-specific advantages or protections and its rewards are restricted.
Take the no-annual-fee Ink Enterprise Money® Credit score Card as a comparability instance. It affords $900 after spending $6,000 inside the first three months of account opening as a welcome bonus. TPG valuations peg Chase factors worth at 2 cents every towards journey, on common, which means you need to simply get $900 – $1,800 in worth from the welcome bonus alone.
The cardboard’s return charge can also be aggressive, providing as much as 5% money again (5 Chase Final Rewards per greenback) in choose bonus classes on as much as $25,000 in spending every account anniversary 12 months.
Be aware: You’ll want to carry an Final Rewards-earning card, such because the Chase Sapphire Most well-liked® Card, to have the ability to get the total worth out of the factors earned by the Ink Enterprise Money.
The Ink Enterprise Money even affords major rental automobile insurance coverage if you decline the rental company’s collision insurance coverage and cost your complete rental to your card. That might simply prevent $10+ per day in your automobile leases.
One other nice competitor with no annual price (see charges and charges) is The Blue Enterprise® Plus Credit score Card from American Categorical.
With this card, you’ll obtain 2 Amex factors per greenback on all purchases for the primary $50,000 spent every calendar 12 months (then you definitely’ll earn 1 level per greenback). TPG valuations estimate Amex factors to be price 2 cents every with maximized with Amex journey switch companions. That’s a flat 4% again towards journey for all purchases — wildly extra helpful for many of us than the Divvy Enterprise Card’s bonus classes.
These are the types of card earnings and advantages you received’t get with the Divvy Enterprise Card. You’ll be able to learn our evaluations of the Ink Enterprise Money and the Blue Enterprise Plus for extra particulars.
Nevertheless, there’s no one-size-fits-all reply in terms of rewards bank cards. Divvy does have some probably excessive class payouts and does provide distinctive funds options which may be precisely what your small enterprise wants.
Backside line
The Divvy Enterprise Credit score Card introduces some very distinctive perks to the small-business bank card world.
You may give staff various levels of account entry, set strict budgets for every worker card and reimburse your self for bills out of your private cost methodology to maintain inside funds. And apparently, you’re rewarded based mostly on the frequency with which you repay your steadiness. You’ll be able to earn probably 3.5 instances extra factors by paying your invoice weekly as an alternative of month-to-month.
With no annual price, the cardboard is sweet for smaller organizations but in addition probably implausible for bigger companies. The unprecedented management you’ve acquired over how your organization cash is spent prevents impulse extravagance, which might yield untold financial savings.
Even when the Divvy Rewards system isn’t the most effective, which may be sufficient to spur many enterprise homeowners to present it a strive.
For charges and charges of the Amex Blue Enterprise Plus, click on right here.
Extra reporting by Ryan Wilcox.