At a Glance

The Divvy Card is a corporate business card for companies and business owners who want a corporate card’s flexibility along with the rewards of a traditional business rewards card. The card prioritizes good financial habits by maximizing rewards for companies that pay balances back early and often.

Ideal for Those Who:

• Struggle with expense reports, reimbursements, and receipts
• Are looking for a card without interest rates or fees
• Want a corporate card that offers enforceable employee spending limits
• Want unlimited virtual cards
• Spend heavily on travel, dining, and software

Divvy Card Review

The Divvy Corporate Business Card is a corporate credit card that promises no fees, scalable credit lines, enforceable budgets, and more. The card is issued through fintech startup, Divvy, and Cross River Bank, and provides the ideal platform for helping small businesses (plus midsize businesses and larger commerce and retail brands) streamline the spending they make each month – without impacting their personal credit scores.

No Personal Guaranteed Requirement

In most cases, the Divvy Card does not require a personal guarantee to open. A personal guarantee is a standard feature for business credit cards and makes an applicant accept personal liability for the company’s debts. Because the Divvy Card removes this security requirement, business owners can feel safe knowing that opening a credit line through Divvy and Cross River Bank will not tie their business’ losses to their own credit. However, as mentioned, Divvy does not require a personal guarantee in most situations. There may be certain cases in which applicants will need to provide one.

East, Fast Approval

Fintech credit cards are great at streamlining the application process. This benefit is especially advantageous for businesses, as traditional credit lines take time – and a deep dive into corporate finances.

The Divvy Card operates a fast application process that requires only six steps and may result in a near-instant underwriting (depending upon the business’s cash supply and income). Divvy also operates several different underwriting forms – the company even boasts an internal underwriting team for new applicants. Traditional and cash underwriting are offered as well, making it easy for companies to find a bespoke credit line for their unique needs.

Superior Expense Management Software

In addition to granting customers a strong credit line, 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 of 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. With Divvy’s accounting integrations, including reporting and insights, you can focus on the management of your clients, making life easier – no matter what the size of your business. 

Scalable Credit and Enforceable Spending

Another advantage Divvy  offers is scalable credit lines. Companies can anticipate credit limit increases as their cash reserves grow through seamless integration with Divvy expense management software.

Because the card operates through the expense management software, system administrators can issue multiple employee cards (including unlimited virtual cards) and then set strict spending limits per employee and card.