That means you have to pay off your charges in full at the end of each billing period. Divvy is a charge card, not a credit card. No, flat or category-based rewards that don’t changeĭepends - may require a formal application for a credit line increaseĭivvy stands out for many reasons, but these four in particular stand out to me as someone who spends hours wading through financial fine print every week. See how Divvy compares to Chase’s small-business credit card lineup. One of Divvy’s better-known competitors is the Chase Ink Business credit card family, which includes three names: Ink Business Preferred, Ink Business Cash, and Ink Business Unlimited. It competes against a slew of small-business credit cards and loan providers, each with their own strengths and weaknesses. Because you access your Divvy business credit line through a corporate charge card that you must pay in full each statement cycle, you don’t pay any interest on the float.ĭivvy’s most notable benefits include a customizable card rewards program with qualifying spend, a powerful mobile app, and seamless integrations with external accounting software.ĭivvy isn’t the world’s only business credit solution, of course. It makes money through card interchange fees, which come out of the net received by merchants you pay with Divvy. It also has business budgeting and expense management tools that help simplify even the most complex commercial finances.ĭivvy doesn’t have any fees for users. At its core is a flexible business credit line that can scale with your business. What Is Divvy?ĭivvy offers basic financial services to small and midsize businesses. See what to expect from Divvy and decide whether it’s right for your company. I analyze business bank accounts and small business credit cards for a living, and while I can’t say Divvy is totally unique, the one-two-three punch of no fees, scalable business credit, and expansive money management tools legitimately sets it apart.

Oh, and Divvy is totally free for users, which makes it all the more impressive. It’s an impressive tool that every growing business should think seriously about adding. It goes a step further with powerful spend tracking and expense management tools too.

All the talk of bootstrapping and expense-slashing can’t hide the fact that your company’s fortunes depend on reliable access to capital now - and not three months or even three weeks from now.ĭivvy is one of many business credit providers that helps small and midsize businesses tap cash when they need it most. Call it a cliche, but credit really is the lifeblood of most small businesses.

Divvy credit card