Skip to content

Divvy Business Credit Card review: Business card offering unique features we’ve not seen before

Nov. 20, 2022
14 min read
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Here’s a type of card you’ve probably never seen before: The Divvy Business Credit Card is a business credit credit card that gamifies the way you earn — offering additional points awarded on purchases if you pay your bill weekly. It can be an absolute power earner, awarding up to 7 points per dollar, via Divvy Rewards, on select purchases. What makes this return even more impressive is that the Divvy Business Credit Card is a no-annual-fee credit card.

However, both the lucrative bonus categories and the options for redeeming points are limited. Let’s take a look at whether this card will fit into your business strategy.

(Photo by John Gribben for The Points Guy)

Who is this card for?

The Divvy Business Credit Card is a small-business credit card, meaning it’s a good option for organizations that are growing quickly as well as sole proprietors just looking to take more control over their business spending.

It’s very handy no matter the size of your business, as it automates much of the clerical minutiae of owning a small business (we’ll get into that later). However, if you have a small payroll with limited needs to extend lines of credit to employees, some of the card’s most unique features won’t be of use to you.

Related: 7 credit cards every freelancer should have in their wallet

This card also may appeal to you if you’ve already opened most other popular small-business cards and are looking for something outside the realm of Chase, Amex, Citi, etc. It shouldn’t count against your Chase 5/24 status, as most small-business cards don’t appear on your personal credit report.

Divvy stipulates that this credit card is for those with “good to excellent” credit. But Divvy also offers a helpful (and unlisted) feature for those with poor credit, or even no credit: Divvy Credit Builder accounts (or prepaid accounts). If you can’t get a credit line but still want Divvy’s benefits, you can prepay your account and use the Divvy Rewards platform to withdraw from your available funds.

DIVVY

Sign-up bonus

Bad news here: the Divvy Business Credit Card currently offers no sign-up bonus.

Main benefits

While you examine these card benefits, keep in mind two things:

Sign up for our daily newsletter
  • You’re potentially saving money by accounting for every dollar.
  • You’re running (nearly) every penny of business expenses through Divvy to earn maximum rewards.

These are the things Divvy wants to achieve for your small business that other cards may fail to do. I attended a demo of the credit card, and the card does offer an edge over all other small business cards in the above capacities.

No annual fee

The Divvy Business Credit Card is easy on the bottom line with no annual fee. Not only is there no annual fee for the main account holder, but there are also no extra fees for requesting employee cards with no maximum limit on employee cards.

Create budgets

Herein lies the Divvy Business Credit Card‘s namesake. The main feature of the card is the way you can divvy up your corporate card’s line of credit.

One of the most worrisome aspects of adding an authorized user or employee to your primary credit card is the fact that they have carte blanche access to your credit line. The budget feature solves that problem as you can dole out a unique amount of credit for specific situations, only as much as you’re willing to spend.

As the budget owner, you can view an extremely digestible dashboard of all the budgets you have assigned. It contains graphics reflecting the size of each budget, how much is spent and how much is remaining. You can also create unlimited budgets.

DIVVY

For example, you can create budgets for each employee to ensure they don’t blow out your credit limit or rack up too many unexpected expenses. If you’ve got an employee traveling to a conference, you can assign a dollar amount to their card. Once they hit the card’s limit, the card will decline.

On the same note, each employee can request a bump in credit from the budget owner. If there are unforeseen expenses, the budget owner can release more credit in real-time. You can also establish a “grace period” of sorts, where the card won’t decline if the cardholder nominally breaches their credit line.

The idea here is to eliminate overspending, and therefore save the company money.

It’s also worth noting that when you pay a bill, you will immediately unlock that amount of credit once again (similar to American Express).

Easy expensing

Processing and completing expense reports is always an unpleasant endeavor for business owners and employees.

Divvy employee cards puts the onus of expense tracking on the employee doing the spending — but it’s easy for them, too. As soon as they spend, they can submit a receipt and spend a couple of seconds entering the purchase details, and it’s all done and over right then and there.

Varying levels of permissions

Most credit cards, personal or small business, give authorized users little to no power over the account. They can’t log into your account, they can’t see how much credit remains and can’t do anything but spend.

With Divvy, you can give different permissions to different cardholders. If for some reason you want to give another cardholder access to account info, you can do this without handing over your personal login credentials.

Reimbursement

Even if you can’t use your Divvy Business Credit Card for all purchases, you can still input any expense into Divvy and reimburse yourself for purchases you make without the Divvy credit card through ACH deposits for free.

DIVVY

There are plenty of reasons you might prefer to use cash or a personal credit card and be reimbursed from Divvy later. For example:

  • If you’re at a food truck that only takes cash, you can take a picture of the receipt and enter the amount and nature of the purchase into Divvy. It’ll record the purchase and subtract it from your budget.
  • The Divvy Business Credit Card is a Visa. Some stores don’t accept Visa (for example, a few Kroger subsidiaries). You may need to use your personal Amex or Mastercard to get what you need.

Virtual credit cards

You can create an unlimited number of virtual cards for online recurring bills.

Instead of placing all expenses on your primary credit card, you can make a card for every expense and attach a budget to each. For example, you can create a card for paid Facebook ads and a different one for the company’s FedEx account. Then, if you happen to misplace your card or fraud happens, you don’t have to go through the hassle of modifying the payment information for all your subscriptions.

You can even create “burner” cards that are deleted in six days.

Better-than-average customer support

I hesitate a bit to list this as a benefit since I don’t currently have the card to try it out, but the Divvy team swears they’ve got next-level service. No automated phone menu labyrinths, and hardly any wait times. You can call or online chat, and “within seconds” you’ll be talking to a representative. You can also email.

Earning Divvy Rewards points

The section you’ve been waiting for. The Divvy Business Credit Card earns rewards on all spending (quite generously, in some categories).

Divvy readily admits that they don’t have the most valuable points program in the game but it does have some interesting categories. One (unfortunate) catch is that you won’t earn points for reimbursements. That would have been a gold mine for miles and points enthusiasts.

In short, the Divvy Rewards strategy is to make vastly more expenses rewardable than other small business credit cards.

Divvy has gamified the rewards-earning process. What you earn depends on two things:

  • Which bonus categories you spend in.
  • How often you pay your bill.

Here’s what you’ll earn.

Payment frequencyRestaurantsHotelsRecurring software subscriptionsAll other purchases
Weekly7 points per dollar.5 points per dollar.2 points per dollar.1.5 points per dollar.
Semi-monthly4 points per dollar.3 points per dollar.1.75 points per dollar.1 point per dollar.
Monthly2 points per dollar.2 points per dollar.2.5 points per dollar.1 point per dollar.

Earn up to 7 points per dollar at restaurants — on a no-annual-fee card? That certainly sounds above average. But let’s look at how to use those points and how much they are worth.

Redeeming Divvy Rewards points

You must redeem your points through the Divvy Rewards online platform.

DIVVY

Specify how many points you want to redeem and choose a redemption method:

  • Travel.
  • Gift cards.
  • Cashback.
  • Statement credit.

Divvy Rewards are worth, at most, 1 cent each. Here are the various ways to spend your points along with the value you’ll receive for each option.

Redemption typeValue per point
Divvy travel1 cent per point.
Gift cards~0.51 cents per point (0.5 cents per point when redeeming 5,000 points or less).
Statement credit~0.49 cents per point (0.5 cents per point when redeeming 5,000 points or less).
Cashback~0.52 cents per point (0.5 cents per point when redeeming 2,000 points or less).

As you can see, points are worth about half of a cent for most redemption. If you’re using this card to earn cash back, and pay your bill weekly that’s like earning:

  • 3.6% back at restaurants (7 points per dollar).
  • 2.6% back at hotels (5 points per dollar).

For a no-annual-fee card, that’s pretty good. However, all other earning scenarios with this card aren’t as great.

If you prefer to use your rewards for travel, your return will be much greater — but you’re now competing with an elite catalog of travel credit cards that can sometimes net you far more value for your spending if you know the best ways to maximize those rewards.

But, here’s the process for using your Divvy Rewards points for travel:

  • Pay for travel with the Divvy Business Credit Card.
  • Click “Redeem Rewards” on your Divvy dashboard.
  • Fill out the rewards form with the number of points you want to redeem
  • Submit the form.

Divvy Rewards says that your redemption will be processed within 10 business days.

The process is a two-edged sword. You can book directly with the travel provider instead of going through a third-party portal, which is great news for those wanting to use points for hotels, as you typically only earn elite night credits, elite benefits and hotel points if you book direct.

However, you must use the Divvy Business Credit Card to reserve your travel, meaning those with airline or hotel credit cards won’t be able to earn extra rewards or kick in built-in travel protections on these purchases.

DIVVY

How the Divvy Business Credit Card stacks up against the competition

So how does the Divvy Business Credit Card compare to other no-annual-fee business cards?

Remove the budgeting features, and you may be able to beat some of the other earning rates of the Divvy Business Credit Card elsewhere. The card doesn’t extend a welcome bonus, has no travel-specific benefits or protections and its rewards are limited.

Take the no-annual-fee Ink Business Cash® Credit Card as a comparison example. It offers $900 after spending $6,000 within the first three months of account opening as a welcome bonus. TPG valuations peg Chase points value at 2 cents each toward travel, on average, meaning you should easily get $900 – $1,800 in value from the welcome bonus alone.

The card’s return rate is also competitive, offering up to 5% cash back (5 Chase Ultimate Rewards per dollar) in select bonus categories on up to $25,000 in spending each account anniversary year.

Note: You’ll need to hold an Ultimate Rewards-earning card, such as the Chase Sapphire Preferred® Card, to be able to get the full value out of the points earned by the Ink Business Cash.

The Ink Business Cash even offers primary rental car insurance when you decline the rental agency’s collision insurance and charge the entire rental to your card. That could easily save you $10+ per day on your car rentals.

Another great competitor with no annual fee (see rates and fees) is The Blue Business® Plus Credit Card from American Express.

With this card, you’ll receive 2 Amex points per dollar on all purchases for the first $50,000 spent each calendar year (then you’ll earn 1 point per dollar). TPG valuations estimate Amex points to be worth 2 cents each with maximized with Amex travel transfer partners. That’s a flat 4% back toward travel for all purchases — wildly more useful for most of us than the Divvy Business Card’s bonus categories.

These are the sorts of card earnings and benefits you won’t get with the Divvy Business Card. You can read our reviews of the Ink Business Cash and the Blue Business Plus for more details.

However, there’s no one-size-fits-all answer when it comes to rewards credit cards. Divvy does have some potentially high category payouts and does offer unique budget features that may be exactly what your small business needs.

Bottom line

The Divvy Business Credit Card introduces some very unique perks to the small-business credit card world.

You can give employees varying degrees of account access, set strict budgets for each employee card and reimburse yourself for expenses from your personal payment method to keep within budget. And interestingly, you’re rewarded based on the frequency with which you pay off your balance. You can earn potentially 3.5 times more points by paying your bill weekly instead of monthly.

With no annual fee, the card is good for smaller organizations but also potentially fantastic for larger businesses. The unprecedented control you’ve got over how your company money is spent prevents impulse extravagance, which can yield untold savings.

Even if the Divvy Rewards system isn’t the best, that may be enough to spur many business owners to give it a try.

For rates and fees of the Amex Blue Business Plus, click here.

Additional reporting by Ryan Wilcox.

Featured image by KOH SZE KIAT/GETTY IMAGES
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023