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Guide to Divvy card

A new smart card solution for small business owners

Summary

Divvy’s smart credit card can help businesses manage expenses, adjust budgets, limit spending and access capital – but how does Divvy stack up against other corporate credit cards?

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The Divvy card is a relatively new entry into the smart business credit card market. Designed as a tool to help businesses manage expenses, adjust budgets, limit spending and access capital, the Divvy card offers a number of benefits, features and rewards that could help your business reach the next level.

That said, there are also some potential drawbacks to the Divvy card. Divvy hasn’t been around for very long, and there are some potential concerns about its transparency. Unlike personal credit cards and small business credit cards, the Divvy card is only available to certain types of corporations, startups and nonprofits – but the actual eligibility requirements for a Divvy card are unclear.

Let’s take a close look at how the Divvy card works – and whether you should consider it for your business.

What is Divvy card?

The Divvy card is a smart credit card that is designed to maximize small business flexibility. It helps small business owners set, track and adjust budgets on the fly – while simultaneously eliminating the need for expense reports.

You can create unique virtual Divvy cards for each vendor your company works with, use Divvy’s limit spend feature to prevent your team from going over budget and let the QuickBooks online integration automatically transfer Divvy card transactions into your accounting software.

Plus, Divvy helps your business earn rewards on every purchase, and these rewards can be redeemed for statement credits, travel, gift cards or cash back.

Who uses Divvy? Software companies and nonprofits such as Noom and Habitat for Humanity have incorporated Divvy into their businesses. Unfortunately, reviews of the card are mixed. Both Trustpilot and Merchant Maverick gave Divvy three out of five stars, with reviewers calling out Divvy’s lack of transparency and questionable sales tactics as potential issues – and the Better Business Bureau only awarded Divvy a B+ rating.

Divvy card benefits and features

The Divvy credit card offers a number of benefits and features, from software integrations to a unique travel expense platform. Here are five ways that your company could benefit from using Divvy.

Divvy virtual cards

The Divvy virtual card feature lets you create a unique virtual card for each vendor. This not only keeps your Divvy credit card number secure, but also helps you set per-month spending limits on each virtual card. You can use the app to create, track and freeze individual virtual cards as necessary.

Divvy smart cards

Divvy’s smart card system works with the Divvy card app and external software integrations to provide a current, accurate picture of your company’s spending, with the ability to update, allocate or limit your budget in real-time. Employees can also use the Divvy mobile app to select budgets and request additional funds.

Divvy Travel

Divvy has partnered with TripActions to create a comprehensive travel and expense management experience. Business owners can reward employees for choosing more cost-effective hotel options, for example, and the Divvy Travel system keeps track of each traveler’s preferences in order to streamline future bookings.

Divvy Capital

Considering a small business loan? Divvy Capital streamlines the lending process by providing instant cash to qualified Divvy customers. Use your Divvy Capital funding to manage cash flow or cover unexpected expenses.

Divvy rewards

When you sign up with the Divvy card, you can earn different levels of rewards based on the frequency with which you pay off your balance:

CategoryWeekly paymentsSemi-monthly paymentsMonthly payments
Restaurants7X4X2X
Hotels5X3X2X
Recurring software subscriptions2X1.75X1.5X
Everything else1.5X1X1X

As you can see, shorter payment cycles yield higher rewards – and these rewards can be redeemed for Divvy Travel, statement credits, gift cards or cash back.

Comparing Divvy card to other small business credit cards

How does the Divvy credit card compare to the best business credit cards?

Since the Divvy card is a corporate credit card, we can’t evaluate it against credit cards designed for sole proprietors and small business owners like the Ink Business Unlimited® Credit Card offered by Chase or even The Business Platinum Card® from American Express. Instead, we need to compare the Divvy Card to other business credit cards designed to be used by startups and corporations. Here’s how it stacks up against two other popular options:

Eligibility requirementsFeesRewardsPersonal guarantee required?
Divvy CardUnclearUnclearYesNo
One Card from Capital One®Annual company revenue over $25MYesYesIn some cases
Brex 30 CardAt least $50,000 in business bank account ($100,000 if personally invested)NoYesNo

Should you sign up for a Divvy card?

If you are a small business owner considering a corporate credit card, it might be worth adding the Divvy credit card to your shortlist. However, the Divvy card is still relatively new – the company was only founded in 2016 – and it looks like Divvy still has some transparency issues to work out.

Before you sign up for Divvy, it’s worth connecting with a representative to learn exactly how it can help your business grow and to answer any outstanding questions about eligibility, fees or any other aspect of the Divvy card that remains unclear.

Remember, a good corporate credit card should offer the tools you need to help your business reach the next level. Before you sign up for a Divvy card (or any other corporate credit card), do your research and make sure you’re getting exactly what’s best for your business.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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Credit Card Rate Report Updated: November 25th, 2020
Business
13.91%
Airline
15.50%
Cash Back
15.85%
Reward
15.75%
Student
16.12%

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