Our review of the Bill Spend & Expense Card (formerly Divvy credit card)

Bill Divvy Corporate Card review: How the corporate card compares to Rho and other options.
Author
Ken Boyd
Updated:
February 27, 2024
Writer
Reviewed by
Updated:
February 27, 2024

Following BILL’s announced acquisition of Divvy, BILL rebranded the Divvy credit card and expense management platform as BILL Spend & Expense.

Read this blog for a comprehensive Divvy credit card review and learn how the offering compares to Rho and other available credit solutions today.

Key takeaways:

  • The Divvy credit card offers reward points for spending, but note that Divvy does not allow you to redeem your reward points in the first year of being a customer.
  • The most common complaints with Divvy is that customer support based on G2 reviews is that customer support is not as responsive as customers would like, and the points system can be complicated to understand.
  • Make sure to compare the Divvy credit card with other solutions like Rho before settling on a final provider.

Finance teams run faster on Rho.

Control spend, boost efficiency, and earn up to 1.25% cashback with Rho.

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What is the Divvy card? 

The Divvy Business Card (now known as the Bill Divvy credit card) is the corporate card solution offered by BILL.com following its 2021 acquisition of Divvy. On top of point-based perks, the Divvy Business Card helps small and medium-sized businesses automate key processes like expense management and credit card transaction reconciliation during month-end close.

Divvy Business Card features include generating physical and virtual cards, assigning budgets and owners to specific cards, and providing one-time use cards for initiatives like events or vendor bills.

How does the Bill Divvy card billing cycle work? 

Since the Divvy card is a charge card, it does not carry a balance, as it must be paid off completely at the end of the billing cycle. BILL offers three billing cycles for the Divvy card: Weekly, Semi-Monthly, and Monthly.

Review: BILL Divvy credit card benefits and key facts

There are several factors businesses can use to evaluate corporate cards, including fees, rewards rates, and other perks.

To help simplify this process, this section discusses why some companies use the BILL Divvy credit card and why there may be better solutions for others.

Applying for the BILL Divvy credit card

Business owners apply for a line of credit on BILL’s website. BILL will then perform a soft inquiry of the business and the authorized signer's personal credit to determine the best credit limit for your business. There is no hard inquiry.

When evaluating applicants, BILL has the following guidelines:

  • For the Divvy credit card, businesses need a good to excellent credit score (670 to 850) to approve a credit line.
  • BILL may expect the business to have at least $20,000 in available cash to receive credit approval.
  • The BILL credit application does not require a personal guarantee from the owners, and there is no credit reporting impact when you apply.

Note: Rho does not have a minimum balance requirement no do we require a personal guarantee. To be eligible for Rho, your business must be incorporated in the United States. We do not offer services to sole proprietorships or unincorporated businesses.

BILL Divvy credit card rewards

Rewards overview

Your BILL Divvy business credit card rewards change based on how quickly you make payments. For example, while you earn points for paying your balance semi-monthly, you earn more for doing so weekly.

Users who pay their balance in full each week earn points for every dollar of spending:    

  • 7 points on restaurant spending
  • 5 points for hotels
  • 2 points on recurring software subscriptions
  • 1.5 points on everything else.

Companies that pay their balance twice a month earn these points:

  • 4 points on restaurant spending
  • 3 points for hotels
  • 1.75 points on recurring software subscriptions
  • 1 point on all other purchases.

If the customer pays off the balance once a month, BILL only pays 2 points per dollar on restaurant and hotel spending, 1.5 points on recurring software subscriptions, and 1 point for all other purchases.  

Several other corporate credit cards pay 2 percent back on purchases, so earning only 2 points per dollar is far less attractive.

This table summarizes the range of points cardholders can earn:

When unpaid balance is paid in full Range of points earned per dollar of spending
Weekly payment 1.5 to 7 points per dollar spent
Twice monthly payment 1 to 4 points per dollar spent
Monthly payment 2 to 1 point per dollar spent

There are additional conditions businesses must meet to earn rewards.

  • The company must spend at least 30% of the credit limit in a given month
  • There may be dollar amount limits on certain bonus categories.

For example, the 7 points on restaurant spending only apply to the first $5,000 spent each month. Be sure to read the credit card agreement for more details.

Average yearly rewards value

This value is difficult to calculate because of several factors. As discussed above, the rewards rate varies greatly, depending on how frequently the business pays the entire card balance.

Second, the value of each point varies depending on how the points are redeemed. Here are the point values for travel-related point redemptions:

  • 1 cent per point when redeemed for travel directly with BILL
  • 0.52 cents per point when redeemed for cash back
  • 0.51 cents per point when redeemed for gift cards
  • 0.49 cents per point when redeemed for a statement credit

Given these variables, calculating an average across all card users isn’t meaningful.

To compute the value for your business, evaluate how often you expect to pay your balance and how you would redeem points. These management tools will help you make an informed decision.

Intro bonus offer

None.

Pricing

BILL does not charge annual or user fees for BILL Spend & Expense users as the BILL Spend & Expense platform is free software. BILL only charges for their AP automation solution and accounts receivable software.

APR

BILL Divvy credit card users must pay the entire balance monthly or semi-monthly, so no balances are carried forward and charged interest. As a result, there is no APR on interest payments.

Using the BILL Spend & Expense Platform

Account admins can distribute corporate cards to employees and set spending budgets directly in the BILL Spend & Expense platform.

Clients receive rewards based on spending as long as they meet certain spending thresholds, whereas Rho offers straight cashback with no minimum spend requirements.

The BILL Spend & Expense platform allows managers to monitor all transactions in real time to reduce the risk of fraudulent transactions, and card activity is linked to BILL Divvy software.

Users can quickly review expense reports to verify that business spending is within budget.

Note: BILL does not charge annual or user fees for BILL Spend & Expense users as the BILL Spend & Expense platform is free software, but their AP automation solution is not. Rho offers robust expense management and AP in an integrated platform without fees.

Why you might want the BILL Divvy credit card

Using Divvy Corporate Cards offers some compelling benefits for small businesses and other early-stage companies.

Earn rewards

Some businesses like the appeal of earning point-based rewards when spending, particularly for restaurant and hotel expenses. However, many customers find BILL Divvy credit card rewards to be difficult to track.

In addition, customers don’t qualify for rewards if they don’t meet minimum spending requirements.

Build a stronger credit score

Using the BILL credit card and making consistent payments can build your firm’s credit rating because they report transactions to a bureau.

This could be appealing to sole proprietors and small businesses.

Automate expense processing

The BILL Divvy credit card is integrated with BILL’s expense management platform, BILL Spend & Expense.

Managers can set spending controls by card, monitor card use in real time, and stay within budget. Automation speeds up expense processing and reporting and reduces error rates.

BILL has enhanced its budgeting tool to allow users to manage multiple budgets within the platform. You can set up a recurring budget, so that the budget is funded again, based on a schedule. Users can also set up one-time budgets that are only funded once.

The target spending limit feature determines how strictly card use is enforced when the budgeted dollar amount is reached. Managers can:

  • Allow cardholders to spend over a budget amount up to a specified dollar limit
  • Decline all charges over the spending limit
  • Allow spending to continue, with notifications sent to managers

Finally, managers can allow a cardholder to have full access to an entire budget, or only a specific dollar amount. Controls can be set by merchant, transaction dollar amount, or by spending policy.

The accounting staff can use automated records and complete month-end reconciliations quickly.

Why you might not want a BILL Divvy credit card

Here are a few reasons why Bill Divvy credit card might not be right for your business.

Complex rules regarding points and rewards

BILL has several payment rules that must be closely followed to earn and redeem points:

  • You also lose all your points if you miss a payment, close your account within the first year, or spend less than $5,000 in each of the last three months of your first year
  • Before you can start redeeming your points, you must wait until you've had the card for 12 months and accumulate at least 5,000 points
  • You’ll lose all reward points if you don’t use at least 30 percent of your credit line per month

No ability to transfer points to other programs

Many card issuers have affiliations with hotels, airlines, and other entities that your business may use.

BILL does not provide a method to transfer your points to airline or hotel loyalty partnership rewards programs. Without the ability to transfer points, you risk not using points to their full advantage.

Point values often decrease

As noted above, the value of each point varies depending on how the points are redeemed. This policy requires more thought and planning before redeeming points, which can be a distraction.

Lacks integration with banking and treasury

The BILL Divvy credit card is integrated with the BILL Spend & Expense platform, helping to streamline expense-related financial operations.

However, this limited functionality may not be ideal for middle-market companies that benefit from one integrated platform for expenses, AP, banking, and treasury.

Customer support challenges

Bill Divvy provides customer support by phone, email, and live chat, but BILL gets mixed reviews on customer support performance. Some reviewers believe that customer support during initial setup is effective but that resolving issues after installation is difficult.

How does the BILL Divvy credit card compare to other business credit cards?

This section compares the Bill Divvy corporate card with several key competitors.

BILL Divvy credit card vs. Rho Card

Net-net, the Rho Card, powered by Mastercard, delivers all of the same value but with more straightforward cashback vs. opaque points-based programs like the Divvy Visa card.

Here is a quick side-by-side comparison:

BILL Divvy Rho
Annual fee None. None.
Introductory bonus None. None.
Rewards Points-based. See previous section. Up to 1.25% cash back.
Personal guarantee None. None.
Personal credit score pull None. None.

The Rho platform wins out because it offers more straightforward cash back, responsive customer service, more extensive budget management features, and built-in with accounts payable, business banking (including free ACH and domestic wire transfers), and expense management functionality.

That's why businesses like Best Bay Logistics continue to move from Divvy to Rho.

BILL Divvy credit card vs. Capital One Spark Cash Plus

Annual fee

BILL does not charge an annual fee, and Capital One charges a $150 annual fee. The Capital One annual fee is refunded if you spend $150,000 or more during the year.

Introductory bonus card offer

BILL does not offer an introductory bonus. Capital One cardholders can earn a one-time cash bonus of $1,200 once they spend $30,000 in the first 3 months.

Rewards rate

Capital One cardholders earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel and unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions.

Capital One users can redeem cash-back rewards in any amount at any time and receive a statement credit or a check. The rewards never expire for as long as your account is open.

Here are the BILL Divvy credit card points earned per dollar of spending:

When unpaid balance is paid in full Range of points earned per dollar of spending
Weekly payment 1.5 to 7 points per dollar spent
Twice monthly payment 1 to 4 points per dollar spent
Monthly payment 2 to 1 points per dollar spent

There are additional conditions businesses must meet to earn rewards. The company must spend at least 30% of the credit limit in a given month, and there may be dollar amount limits on certain bonus categories.

Recommended Credit Score

You need a good to excellent (740 – 850) FICO credit score to be approved for the Capital One Spark Cash Plus card. The BILL Divvy credit card requires a similar credit score (670 to 850) to approve a credit line.

In addition, BILL may expect the business to have at least $20,000 in available cash to receive credit approval.

BILL Divvy credit card vs. Brex 30 Card

Annual fee

Neither company charges an annual fee.

Introductory bonus

BILL does not offer an introductory bonus. Brex 30 offers 50,000 signup bonus points after spending $9,000 or more in the first 30 days.

Rewards rate

When compared to other corporate cards, Brex has a complex rewards system. Brex offers a “1x boost” for customers who make daily automated payments through a Brex business account. If you’re willing to pay daily, Brex offers up to 8 points for each dollar spent. Businesses paying monthly earn up to 7 points per dollar spent.

Similar to BILL Divvy, Brex cardholders earn a different number of points for different types of spending:

Spending type Reward points per dollar spent
Rideshare 7
Brex Travel 4
Restaurants 3
Recurring software 2
All other spending 1

Cardholders have perks for AWS spending, Apple purchases, QuickBooks, UPS, Gusto, and Slack. You can redeem your points for flights and hotels booked through Brex travel, gift cards, or statement credit, or you can redeem points for miles with an airline partner.

Brex Exclusive offers the highest level of reward per dollar spent, and you must make the Brex 30 Card the exclusive corporate card for your business to apply for this program.

Here are the BILL Divvy credit card points earned per dollar of spending:

When the unpaid balance is paid in full Range of points earned per dollar of spending
Weekly payment 1.5 to 7 points per dollar spent
Twice monthly payment 1 to 4 points per dollar spent
Monthly payment 2 to 1 points per dollar spent

There are additional conditions businesses must meet to earn rewards. The company must spend at least 30% of the credit limit in a given month, and there may be dollar amount limits on certain bonus categories.

Recommended Credit Score

The BILL Divvy credit card requires a 670 to 850 credit score to approve a credit line. In addition, BILL may expect the business to have at least $20,000 in available cash to receive credit approval.

Brex does not provide guidance on a specific credit score range to get approved. However, the Brex 30 card requires a business checking account with at least $50,000 deposited.

Neither BILL DIvvy nor Brex requires a personal guarantee for account approval.

BILL Divvy credit card vs. Ramp

Annual fee

Neither company charges an annual fee.

Introductory bonus

BILL does not offer an introductory bonus. Ramp cardholders can earn $900 bonus cash back after spending $6,000 on purchases in the first 3 months from account opening.

Rewards rate

Here are the BILL Divvy credit card points earned per dollar of spending:

When the unpaid balance is paid in full Range of points earned per dollar of spending
Weekly payment 1.5 to 7 points per dollar spent
Twice monthly payment 1 to 4 points per dollar spent
Monthly payment 2 to 1 points per dollar spent

There are additional conditions businesses must meet to earn rewards. The company must spend at least 30% of the credit limit in a given month, and there may be dollar amount limits on certain bonus categories.

Ramp cardholders earn a flat 1.5% cash back on all purchases. Ramp offers several partner perks with companies, including Xero Business Edition, WeWork, Slack, and Amazon Web Services.

Learn why businesses like Native Strategies choose Rho over Ramp.

Recommended Credit Score

The BILL Divvy credit card requires a 670 to 850 credit score to get a credit line approved. In addition, BILL may expect the business to have at least $20,000 in available cash to receive credit approval.

Ramp requires that your business have at least $75,000 in a business bank account and Ramp has no credit score requirements.

BILL Divvy credit card vs. Ink Business Preferred

Annual fee

BILL Divvy does not charge an annual fee, and Ink Business Preferred has a $95 annual fee.

Introductory bonus

BILL does not offer an introductory bonus.

Ink cardholders can earn 100,000 bonus points spending $8,000 on purchases in the first 3 months from account opening. The bonus is either $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards.

Rewards rate

Here are the BILL Divvy credit card points earned per dollar of spending:

When the unpaid balance is paid in full Range of points earned per dollar of spending
Weekly payment 1.5 to 7 points per dollar spent
Twice monthly payment 1 to 4 points per dollar spent
Monthly payment 2 to 1 points per dollar spent

There are additional conditions businesses must meet to earn rewards. The company must spend at least 30% of the credit limit in a given month, and there may be dollar amount limits on certain bonus categories.

Ink cardholders earn 3 points per dollar on all travel spending, as well as shipping, internet, cable, and phone services, and qualified advertising spending. Cardholders earn 1 point per dollar on all other purchases, and points do not expire as long as the account is open.

Recommended Credit Score

The BILL Divvy credit card and Ink require a 670 to 850 credit score to get a credit line approved. In addition, BILL may expect the business to have at least $20,000 in available cash to receive credit approval.

Best expense management platform: BILL Spend & Expense vs. Rho

The BILL Spend & Expense platform is similar to the Rho platform’s expense management solution, providing real-time visibility and customizable controls over employee spending.

With BILL Spend & Expense, users can:

  • Issue physical and virtual cards to employees with budget-level controls and spend limits
  • Process expenses through approval workflows
  • Sync spend date with several supported accounting software and ERPs
  • Manage spending on the go with the BILL Spend & Expense mobile app

However, there are several key differences between BILL Spend & Expense and Rho:

Controls

BILL Spend & Expense controls are budget-specific, which limits organizations who want to manage spend at the user, card, and budget levels.

Opaque rewards program

Rho offers straight cashback while Divvy offers redeemable rewards that get cut off if you don’t spend more than 30% of your limit in a month.

Cash management

BILL Spend & Expense is strictly a corporate card and expense management platform; Rho offers these solutions integrated with AP, banking, and treasury.

Integrated AP

BILL is still integrating Divvy, whereas Rho’s AP automation solution is fully integrated with the rest of the Rho platform.

Accounting Integrations

Bill Spend & Expense offers 1-way sync with ERPs and accounting software like QuickBooks Online, NetSuite, and Sage Intacct. Rho offers two-way sync.

Interested in demoing the Rho platform? Get in touch!

Learn why Willet + Cumro Innovations chose Rho over BILL and other AP and expense solutions to process thousands of invoices and expenses each month.

Wrap-up: Should you get the Divvy credit card?

The BILL Divvy credit card offers benefits that many small businesses might prefer, but many companies end up outgrowing Divvy's underwriting.

For example, as revenue & costs grow, their credit limits do not, and they start to outgrow the functionality of the BILL Spend & Expense solution.

Companies like Native Strategies have moved from other corporate card, expense management, and AP automation platforms to Rho’s all-in-one financial automation platform to manage their business finances.

Learn why the Rho Card is one of the best business credit cards for growth-stage businesses.

Get in touch

Competitive data was collected as of February 23, 2024 and is subject to change or update.

FAQs: Rho, BILL, and Divvy Credit Card

What is BILL Spend & Expense (formerly Divvy)?

In 2021, BILL (formerly BILL.com) acquired Divvy.

Following the acquisition, BILL recently rebranded Divvy's credit card and expense management platform as BILL Spend & Expense.

Who is BILL Spend & Expense for?

BILL Spend & Expense is primarily for small and midsize businesses (SMBs) and startups that want an integrated solution to automate corporate credit card usage, manage expenses, and provide real-time transaction visibility.

When should you get a business credit card?

As we’ve written about, corporate cards can be a useful spend management tool for finance teams, especially when paired with expense management software.

Businesses typically use corporate cards to centrally manage company spending and to control or prevent unnecessary or out-of-policy employee (cardholder) spending.

Additional benefits include:

  • Potential alternative to employee reimbursements for business expenses
  • Improves cash flow depending on the credit terms offered
  • Business card policies and spend controls can help mitigate fraud
  • Support efficient accounting processes, including month-end close
  • If the creditor chooses to report credit activity to bureaus like the Small Business Financial Exchange, businesses can build a credit history that can be beneficial when seeking financing or negotiating with suppliers
  • Cashback or other spend-based rewards

However, without careful management, employee cards can lead to overspending, uncontrolled expenses, and other financial risks for the business. Depending on the corporate card provider, other potential drawbacks can include:

  • High interest rates and annual fees can lead to debt build-up and affect your business credit score
  • Risk of card misuse or fraud
  • Some vendors choose not to accept cards as a payment option
  • Points-based rewards systems can be difficult to understand and redeem
  • The application process can be extensive
  • Foreign transaction fees can add up

To learn more about corporate cards and how to choose the right one for your business, read our in-depth guide.

How can corporate cards help build business credit?

Building a solid credit history makes it easier for a business to secure a loan, and companies with good credit will pay a lower interest rate on debt. This can also be helpful for new businesses that aim to leverage debt in the future.

If the creditor chooses to report credit activity to bureaus like the Small Business Financial Exchange, businesses can build a credit history that can be beneficial when seeking financing or negotiating with suppliers.

Note: BILL reports customer credit activity to the Small Business Financial Exchange (SBFE), which then provides the data to credit bureaus. The business can improve its credit rating if Divvy credit card borrowers make timely principal and interest payments.

Rho does not report customer credit activity.

Who issues Rho Cards?

Banking services are provided, and cards are issued by Webster Bank, N.A., Member FDIC.

The Rho Card is a charge card. What is a charge card?

Corporate charge cards are a type of credit card with an important caveat: they do not provide a revolving line of credit but require the outstanding balance to be paid in full by a predetermined date.

Pros of corporate charge cards

  • Repayment requirement promotes responsible financial discipline
  • Eliminates the risk of debt accumulation and expensive late fees
  • If the creditor chooses to report credit activity to bureaus like the Small Business Financial Exchange, businesses can build credit history that can be beneficial when seeking financing or negotiating with suppliers
  • Simplifies expense tracking and accounting software data flows

Cons of corporate charge cards

  • May pose challenges when your business faces cash flow constraints
  • Businesses must manage cash flow efficiently and communicate with corporate card partners as needs and conditions change

When evaluating your options, ask yourself the following questions:

  • Expense policy in place: Do you have a written expense policy, and has the policy been communicated to your staff?
  • Debt carrying capacity: Is the ability to take on long-term debt a vital tool for your business, and is it worth the potential risk?
  • Financial discipline: Would your business benefit from repaying your balance at the end of each month? Will carrying a balance contribute to poor spending decisions?

Does Rho have a mobile app?

Yes, it is available to all iPhone and Android users.

The Rho App gives our customers full visibility into team spend any time, any place, removing friction for all kinds of business, from construction companies with field contractors to wholesalers with traveling sales teams.

In the app, you can:

  • View card details, add cards to your mobile wallet, lock and unlock cards, and track spend in real time.
  • Receive expense notifications and attach receipts or invoices on the go using your camera or a screenshot.
  • Admins and account owners can now deposit checks from anywhere.
  • Approvers can review and action any pending banking transfers.

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