BILL Divvy Company Card overview
This is a kind of card you have in all probability by no means seen earlier than: The BILL Divvy Corporate Card is a business credit card that transforms the best way you earn — providing further factors awarded on purchases when you pay your invoice weekly or semi-monthly. This return is much more spectacular as a result of the BILL Divvy Company Card is a no-annual-fee credit card.
Nonetheless, 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 your enterprise technique. Card Score*: ⭐
*Card rating relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The BILL Divvy Corporate Card is a business credit card with no annual payment that is a great possibility for quickly rising organizations and sole proprietors who need to take extra management over their enterprise spending.
It is very helpful regardless of the scale of your enterprise, because it automates a lot of the clerical trivialities of proudly owning a small enterprise (we’ll get into that later). Nonetheless, when you’ve got a small payroll with restricted wants to increase strains of credit score to workers, a number of the card’s most notable options will not be of use to you.
This card additionally could enchantment to you when you’ve already opened most different fashionable small-business playing cards and are on the lookout for one thing outdoors the realm of Chase, Amex, Citi and different main issuers. It should not depend in opposition to your Chase 5/24 status, as most small-business playing cards do not seem in your private credit score report.
BILL stipulates that this bank card is for these with “good to wonderful” credit score, so we suggest a 670 credit score or greater earlier than making use of.
BILL Divvy Company Card execs and cons
| Professionals | Cons |
|---|---|
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BILL Divvy Company Card welcome supply
The excellent news is that the BILL Divvy Corporate Card has a welcome supply, however the unhealthy information is that it is a lot decrease than what you will discover on a few of our other favorite business credit cards. It at present provides a welcome supply of $500 after you spend $500.
Nonetheless, if you need a straightforward welcome supply to earn, this one is difficult to beat. Whereas many different enterprise bank cards supply extra profitable bonuses, in addition they usually include spending requirements which are troublesome for some companies to satisfy.
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BILL Divvy Company Card advantages
When you look at these card advantages, consider two issues:
- You are probably saving cash by accounting for each greenback.
- You are operating (practically) each penny of enterprise bills by way of BILL to earn most rewards.
These are the issues BILL needs to realize in your small enterprise that different playing cards could fail to do. I attended a demo of the bank card, and the cardboard does supply an edge over all different small-business playing cards within the above capacities.
The BILL Divvy Company Card can also be simple on the underside line with no annual fee, plus no additional charges for requesting worker playing cards and no most restrict on worker playing cards.
The principle characteristic of the cardboard, although, is the best way you possibly can divvy up your company card’s line of credit score.
One of the crucial worrisome facets 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 price range characteristic solves that drawback as you possibly can dole out a novel quantity of credit score for particular conditions, solely as a lot as you are keen to spend.
Because the price range proprietor, you possibly can view a particularly digestible dashboard of all of your assigned budgets. It comprises graphics reflecting the scale of every price range, how a lot has been spent and the way a lot stays. It’s also possible to create limitless budgets.
For instance, you possibly can create budgets for every worker to make sure they do not blow out your credit limit or rack up too many sudden bills. If an worker travels to a convention, you possibly can assign a greenback quantity to their card. As soon as they hit the cardboard’s restrict, the cardboard will decline.
On the identical observe, every worker can request a bump in credit score from the price range proprietor. The price range proprietor can launch extra credit score in actual time if there are unexpected bills.
It’s also possible to set up a “grace interval” of kinds, the place the cardboard will not decline if the cardholder nominally breaches their credit score line.
With BILL Divvy, you can provide completely different permissions to completely different cardholders. If, for some purpose, you need to give one other cardholder entry to account data, you are able to do this with out handing over your private login credentials.
Even if you cannot use your BILL Divvy Company Card for all purchases, you possibly can nonetheless enter any expense into BILL Divvy and reimburse your self for purchases you make with out the BILL Divvy Company Card by way of ACH deposits totally free.
Incomes factors on the BILL Divvy Company Card
The part you have been ready for. The BILL Divvy Corporate Card earns rewards on all spending (fairly generously, in some classes).
Briefly, the BILL Rewards technique is to make extra bills rewardable than different small-business bank cards. What you earn is determined by two issues:
- Which bonus classes you spend in
- How usually you pay your invoice
The extra usually you pay your invoice the upper the speed of rewards you will earn.
This is what you will earn:
| Fee frequency | Eating places | Accommodations | 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 | 1.5 factors per greenback | 1 level per greenback |
Nonetheless, there are additionally some purchases which are excluded from incomes factors. These exceptions embrace:
- Any transactions from a given month in case your complete month-to-month spend is lower than 30% beneath your credit score line
- International transactions and overseas transaction charges
- Plastiq transactions
Earn as much as 7 factors per greenback at restaurants — on a no-annual-fee card? That definitely sounds above common. However let us take a look at how you can use these factors and the way a lot they’re value.
Associated: What’s the best business credit card for dining purchases?
Redeeming factors on the BILL Divvy Company Card
You will need to redeem the factors you earn together with your BILL Divvy Corporate Card factors by way of the BILL Rewards on-line platform.
Specify what number of factors you need to redeem and select a redemption methodology:
BILL Divvy Rewards are value, at most, 1 cent every. To redeem factors, you will must accrue a minimum of 5,000 factors in your first cardmember 12 months, and your account should be a minimum of one 12 months outdated. Listed below are the assorted methods to spend your factors and the worth you will obtain for every possibility.
| Redemption sort | Worth per level |
|---|---|
| BILL Divvy journey | 1 cent per level |
| Reward playing cards | ~0.51 cents per level |
| Assertion credit score | ~0.49 cents per level |
| Money again | ~0.52 cents per level |
As you possibly can see, factors are value about half a cent for many redemptions. In the event you’re utilizing this card to earn money again and pay your invoice weekly, that is 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 is fairly good. Nonetheless, all different incomes situations with this card aren’t as nice.
In the event you favor to make use of your rewards for journey, your return will likely be a lot higher — however you are now competing with an elite catalog of journey bank cards that may typically web you much more worth in your spending if the very best methods to maximise these rewards.
If you wish to use your BILL Divvy Rewards factors for journey, here is the method:
- Pay for journey with the BILL Divvy Company Card
- Click on “Redeem Rewards” in your BILL dashboard
- Fill out the rewards type with the variety of factors you need to redeem
- Submit the shape
BILL Divvy Rewards says that your redemption will likely be processed inside 10 enterprise days.
The method is a two-edged sword. You’ll be able to e-book instantly with the journey supplier as an alternative of going by way of 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 when you book directly.
Nonetheless, you have to use the BILL Divvy Company Card to order your journey, that means these with airline or hotel bank cards will not be capable of earn additional rewards or kick in built-in journey protections on these purchases.
Which playing cards compete with the BILL Divvy Company Card?
There are many different enterprise playing cards that may be a greater match in your firm:
For added choices, try our information to the best business credit cards.
Associated: Is the Amex Business Gold worth the annual fee?
Is the BILL Divvy Company Card value it?
In the event you’re trying to find a enterprise card with no annual payment that has a great earnings construction and provides loads of management over worker spending, the BILL Divvy Company Card is a worthwhile alternative. Nonetheless, it’s important to pay your invoice weekly to maximise your rewards earnings, which is probably not ultimate for all companies. If you need higher flexibility together with your rewards, there are higher choices available on the market for your enterprise.
Backside line
The BILL Divvy Corporate Card has some perks that make it distinctive within the enterprise bank card world.
You can provide workers 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 price range. And curiously, you are rewarded based mostly on the frequency with which you repay your steadiness. You’ll be able to earn probably 3.5 occasions extra factors by paying your invoice weekly as an alternative of month-to-month.
Even when the BILL Divvy Rewards system is not the very best, that could be sufficient to spur many enterprise house owners to offer it a strive.
Associated: How to get a business credit card
For charges and charges of the Amex Enterprise Gold, click on here.
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