Review: BILL Divvy Credit Card

Read our Divvy credit card review to understand if it is a good option for your business
Author
Ken Boyd
Writer
Published
October 4, 2023
read time
1 minute
Reviewed by
Shannen Balogh
Updated
May 7, 2024

The BILL Divvy credit card is a popular corporate card option for SMBs.

In this blog, we examine the BILL Divvy credit card and how it compares to Rho's corporate card.

Key takeaways:

  • The Divvy credit card is a corporate charge card that offers a point-based reward system with varying rewards based on your purchases and how often you pay off your bill.
  • One significant disadvantage of the Divvy credit card is that you can't redeem rewards until you've had the card for at least 12 months and have accumulated more than 5,000 points.
  • The Rho Corporate Card offers up to 1.25% cashback on all purchases and you can begin redeeming this benefit immediately.

Switch to Rho, earn $750

When Divvy credit card customers switch to Rho, they can earn a $750 cash reward bonus. See terms in the footer.*

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What is the Divvy credit card?

The BILL Divvy credit card (also known as the Divvy Business Card) is a points-based corporate charge card offered by BILL.com. BILL.com began offering this solution following its 2021 acquisition of Divvy.

Key features of the Divvy credit card 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.

What is a Divvy credit card for?

The Divvy credit card is a financial tool businesses use to facilitate and manage employee spending.

Small and medium-sized businesses use the Divvy credit card for three core reasons:

  1. Administration convenience: For many organizations, having employees use a corporate credit card like the Divvy credit card to purchase work-related supplies is preferable to managing out-of-pocket reimbursements.
  2. Point rewards: After 12 months of having the card, businesses can redeem points earned on spend. We’ll cover the rewards tiers more in depth below.
  3. Time savings: Using the right corporate credit card can generate time savings by automating key financial processes like expense management and accounting reconciliation of credit card transactions.

How does the Bill Divvy credit card billing cycle work? 

Like other corporate charge cards, the Divvy credit card does not carry a rolling balance.

In other words, the full balance must be paid off completely before the next billing period begins. Not doing so can risk having your account suspended.

Divvy offers three different billing cycles – Weekly, Semi-Monthly, and Monthly.

However, BILL Divvy incentivizes businesses to adopt a Weekly or Semi-Monthly repayment billing cycle by offering increased multipliers for points rewards for those that choose these options over a Monthly cadence.

What credit score is needed for a Divvy credit card?

As of this publication date, the BILL Divvy credit card website FAQ mentions business credit scores typically must be good to very good (e.g. 670 to 850) to approve a credit line.

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.

How to apply 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. Note: There is no hard inquiry.

When evaluating applicants, BILL has the following guidelines:

  • 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 nor 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.

Overview: BILL Divvy credit card rewards

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.

Here is a breakdown of current point reward multipliers by billing repayment period chosen by a customer.

Billing Period Restaurant Spending Hotel Spending Recurring Software Subscriptions Everything else
Weekly 7x points 5x points 2x points 1.5x points
Semi-Monthly 4x points 3x points 1.75x points 1x points
Monthly 2x points 2x points 1.5x points 1x points

There are additional conditions businesses must meet to earn and redeem 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
  • You must have had your BILL Divvy credit card for at least 12 months

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

Divvy does not offer one at the time of this publishing.

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.

How to use 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.

Pros of 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.

Cons of the 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 Corporate 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 updated as of May 7, 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.

What is Rho? 

Watch this one minute video to learn more about the Rho business banking platform and corporate card offering.

*Offer terms & Conditions:

To qualify for the $750 cash rewards bonus, a total of at least $10,000 in net purchases must be posted to your account within 30 days from the date your account is opened. The bonus cash rewards will show as statement credit within 1 - 2 billing periods after they are earned. Cash advances and balance transfers do not apply for purposes of this offer and may affect the credit line available for this offer.

Cash advances of any kind, balance transfers, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off-track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards. Refer to the Rho Corporate Card Program (https://www.rho.co/corporate-cards) and Addendum to the Rho Terms of Service (https://www.rho.co/terms-of-service) for details.

We reserve the right to modify or replace any part of these terms and conditions without notice.This bonus offer is limited to new accounts only.  Existing accounts do not qualify for this bonus offer. New checking accounts connected to existing Rho services accounts do not qualify for this offer.

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Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management, LLC and its partner banks.