BILL Divvy Company Card overview
This is a sort of card you have in all probability by no means seen earlier than: The BILL Divvy Company Card is a enterprise bank card that transforms the way in which you earn — providing further factors awarded on purchases for those who 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 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 your online business technique. Card Score*: ⭐
*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The BILL Divvy Company Card is a enterprise bank card with no annual payment that is an excellent possibility for quickly rising organizations and sole proprietors who wish to take extra management over their enterprise spending.
It’s extremely useful regardless of the dimensions of your online business, because it automates a lot of the clerical trivia of proudly owning a small enterprise (we’ll get into that later). Nevertheless, if in case you have a small payroll with restricted wants to increase traces of credit score to workers, a few of the card’s most notable options will not be of use to you.
This card additionally could attraction to you for those who’ve already opened most different widespread small-business playing cards and are searching for one thing outdoors the realm of Chase, Amex, Citi and different main issuers. It should not depend towards your Chase 5/24 standing, 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 glorious” credit score, so we advocate a 670 credit score rating or increased earlier than making use of.
BILL Divvy Company Card execs and cons
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BILL Divvy Company Card welcome supply
The excellent news is that the BILL Divvy Company Card has a welcome supply, however the dangerous information is that it is a lot decrease than what you will discover on a few of our different favourite enterprise bank cards. It at the moment gives a welcome supply of $500 after you spend $500.
Nonetheless, if you would like a simple 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 necessities which are troublesome for some companies to fulfill.
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BILL Divvy Company Card advantages
Whilst you study these card advantages, have in mind two issues:
- You are doubtlessly saving cash by accounting for each greenback.
- You are operating (practically) each penny of enterprise bills by means 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 be simple on the underside line with no annual payment, plus no additional charges for requesting worker playing cards and no most restrict on worker playing cards.
The principle function of the cardboard, although, is the way in which 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 main bank card is the truth that they’ve carte blanche entry to your credit score line. The finances function 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 finances proprietor, you possibly can view an especially digestible dashboard of all of your assigned budgets. It comprises graphics reflecting the dimensions of every finances, how a lot has been spent and the way a lot stays. You may as well create limitless budgets.
For instance, you possibly can create budgets for every worker to make sure they do not blow out your credit score restrict 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 finances proprietor. The finances proprietor can launch extra credit score in actual time if there are unexpected bills.
You may as well set up a “grace interval” of types, the place the cardboard will not decline if the cardholder nominally breaches their credit score line.
With BILL Divvy, you may give completely different permissions to completely different cardholders. If, for some cause, you wish 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 means of ACH deposits at no cost.
Incomes factors on the BILL Divvy Company Card
The part you have been ready for. The BILL Divvy Company Card earns rewards on all spending (fairly generously, in some classes).
In brief, the BILL Rewards technique is to make extra bills rewardable than different small-business bank cards. What you earn will depend on 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 | Inns | 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 |
Nevertheless, 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% under your credit score line
- Overseas transactions and overseas transaction charges
- Plastiq transactions
Earn as much as 7 factors per greenback at eating places — on a no-annual-fee card? That actually sounds above common. However let us take a look at methods to use these factors and the way a lot they’re price.
Associated: What’s the very best enterprise bank card for eating purchases?
Redeeming factors on the BILL Divvy Company Card
It’s essential to redeem the factors you earn along with your BILL Divvy Company Card factors by means of the BILL Rewards on-line platform.
Specify what number of factors you wish to redeem and select a redemption methodology:
BILL Divvy Rewards are price, at most, 1 cent every. To redeem factors, you will have to accrue not less than 5,000 factors in your first cardmember 12 months, and your account have to be not less than one 12 months outdated. Listed here 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 price about half a cent for many redemptions. For those who’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 motels (5 factors per greenback)
For a no-annual-fee card, that is fairly good. Nevertheless, all different incomes eventualities with this card aren’t as nice.
For those who favor to make use of your rewards for journey, your return shall be a lot larger — however you are now competing with an elite catalog of journey bank cards that may generally web you way more worth in your spending if you recognize the very best methods to maximise these rewards.
If you wish to use your BILL Divvy Rewards factors for journey, this 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 wish to redeem
- Submit the shape
BILL 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 straight with the journey supplier as an alternative of going by means of a third-party portal, which is nice information for these wanting to make use of factors for motels, as you sometimes solely earn elite night time credit, elite advantages and lodge factors for those who guide straight.
Nevertheless, you should use the BILL Divvy Company Card to order your journey, which means these with airline or lodge bank cards will not have the ability to 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 is perhaps a greater match in your firm:
For added choices, take a look at our information to the finest enterprise bank cards.
Associated: Is the Amex Enterprise Gold definitely worth the annual payment?
Is the BILL Divvy Company Card price it?
For those who’re trying to find a enterprise card with no annual payment that has an excellent earnings construction and gives lots of management over worker spending, the BILL Divvy Company Card is a worthwhile alternative. Nevertheless, you need to pay your invoice weekly to maximise your rewards earnings, which might not be preferrred for all companies. If you’d like larger flexibility along with your rewards, there are higher choices available on the market for your online business.
Backside line
The BILL Divvy Company Card has some perks that make it distinctive within the enterprise bank card world.
You may give workers various levels of account entry, set strict budgets for every worker card and reimburse your self for bills out of your private fee methodology to maintain inside finances. And apparently, you are rewarded based mostly on the frequency with which you repay your stability. You’ll be able to earn doubtlessly 3.5 instances 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, which may be sufficient to spur many enterprise house owners to present it a attempt.
Associated: Tips on how to get a enterprise bank card
For charges and costs of the Amex Enterprise Gold, click on right here.
