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Last updated on September 9th, 2022
Divvy Credit Builder
Divvy Credit Builder
Build Business Credit
- Easy online application – can be completed in a few easy steps
- Earn Divvy Rewards and control your earnings based on your payoff schedule
- Track spend in real time from anywhere
- Issue secure virtual cards that are tied to your account and protected against fraud and overspending
- Save hours of accounting work with Divvy's card-plus-software integrations
- Foreign Transaction Fee: See Terms
- Late Payment Penalty Fee: See Terms
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At a Glance
The Divvy Credit Builder program consists of a prepaid small business card that lets companies build credit and earn rewards simultaneously. Accountholders can eventually graduate to an unsecured Divvy Credit Card with on-time payments and responsible use – all with no hidden fees.
Ideal for Those Who:
- Have a new business but do not qualify for an unsecured business line of credit
- Don’t want to use their personal credit for their company
- Want to earn rewards on your business spend while building credit
- Don’t want to pay any hidden fees
Divvy Credit Builder Review
Divvy Credit Builder is a program designed to provide businesses with easy-to-use expense management software, business rewards, and the opportunity to work towards a business line of credit. The program is a prepaid credit builder prepaid that helps in this process through regular reporting to the major business credit bureaus.
Build Business Credit
Divvy Credit Builder is designed for helping companies work towards better credit – and access to business lines of credit. This process involves a prepaid debit account, which companies can use to make payments for business expenses.
Business purchases with Divvy Credit Builder are regularly reputed to the major business credit bureaus – D&B and SBFE. Making on-time payments is the largest influencer of a business’ credit score, allowing Credit Builder Cardholders to establish a strong credit history – and potentially work their way up to an unsecured credit line with Divvy.
How to Load/Reload Divvy Credit Builder
Because Divvy Credit Builder includes a prepaid card, it requires loading and reloading with purchases. The Credit Builder account can be funded via wire or ACH transfer, or directly via the payment portal on the accountholder’s Divvy Dashboard. New accounts may have a four-day hold on loading funds through the Divvy Dashboard.
The card account features no minimum balance requirement, which is a great feature. Most secured business credit cards require a minimum deposit, which may price smaller companies out of credit builder, but not so with Divvy..
The Divvy Credit Builder program earns rewards in the same way as the unsecured Divvy Card. Companies earn rewards based on their repayment schedule, with shorter payment cycles returning greater rewards:
- 7X points on restaurants
- 5X on hotels
- 2X on recurring software subscriptions
- 5X on everything else
- 4X points on restaurants
- 3X on hotels
- 75X on recurring software subscriptions
- 1X on everything else
- 2X points on restaurants
- 2X on hotels
- 5X on recurring software subscriptions
- 1X on everything else
Redeeming rewards with all Divvy products is straightforward. Rewards points are redeemable for Divvy Travel (powered by TravelPerk), statement credits, gift cards, or cash back.
Seamless Software Integration
Divvy’s Credit Builder also enjoys the same software integrations as the regular Divvy Card. Divvy shines in allowing business owners to manage expenses and budgeting in an easy, streamlined format. Along with spending notifications, instant categorization, and a two-step review process, you can take advantage of easy dispute resolution, report drilldowns, and simple reimbursements.
All the data is stored and accessible in one place, so Divvy essentially becomes an end-to-end spend management platform that truly allows you to take control of your business finances – and at no cost, with no contracts.
Other Card Features
Other notable features of this prepaid card include:
- No interest rates or annual fees
- No contract, no obligations
- Unlimited virtual cards for employees
- Divvy mobile app access
Card and Program Availability
The Divvy Card and Divvy Credit Builder are both available in all 50 U.S. states and the District of Columbia.
Frequently Asked Questions (FAQs) About Divvy Credit Builder
Here are some of the most frequently asked questions about the Divvy Credit Builder program – as well as the answers:
Per Divvy, the standard Divvy program includes a line of credit where the full balance must be paid on the payment due date. (No float is included in this program.)
The Credit Builder program is for businesses who did not qualify for a line of credit. This is a program that allows businesses to make payments to Divvy in a way to preload their account and then spend. By using Divvy to spend, Credit Builder participants still receive Divvy rewards and can use the software to manage all of their spending and expenses.
Divvy’s goal is to approve customers for the line of credit they need to grow their business. Once you complete our online application, our underwriting team goes to work to approve you for a line of credit. If we can’t approve you for a line of credit at that time, you may still qualify for our Credit Builder program. This allows you to prepay your credit while building your business credit score for a future line of credit.
Your Credit Builder account can be funded via wire or ACH transfer, or directly via the payment portal on your Divvy Dashboard (this may be subject to a 4-day hold). Customer Support can assist with details.
Credit Builder reports your payments to D&B and SBFE.
No. Divvy Credit Builder is only reporting activity that may impact your business credit, so need to worry.
Divvy Card Ratings
How does the Divvy Card stack up? Here are a selection of expert reviews for the card:
What is the Divvy Card like to live with? Before deciding if the card is right for you, here’s what our readers and members think about the card:
Should You Apply for the Divvy Credit Builder Program?
Divvy’s Credit Builder offers a unique approach to secured business cards. It requires no minimum deposits, no impact on your personal credit score, and the chance to graduate to an unsecured line of credit with Divvy – one of the most dynamic names in business credit.
Divvy’s refreshing approach to business credit includes lucrative rewards, streamlined business management and accounting tools, and no hidden fees of any kind. The Credit Builder acts as an entry into this world of business credit, with all the same features but none of the credit requirements.
Overall, this offer ticks many critical boxes for those looking for a card who also have little or no business credit. There are impressive rewards, the potential for future credit lines, and integration with management software.