Divvy Credit Card Review 2024: Is This Business Card Legit?

Divvy offers credit lines that go up to a whopping $15 million.

When applying, you’re free to choose a credit line amount that suits your business, which you can increase if scaling up is in the future.

Once you’ve got the card, you can assign each purchase to a specific budget category, project, or employee—with all transactions tracked in real time.

You can also set alerts and notifications to stay on top of any overspending or suspicious activity.

At the end of the month, you’ll get a statement that shows all your expenses broken down by category. This is a great way to adjust your budget and figure out who’s spending extra on those “coffee runs.”

What really sets Divvy apart is the rewards system, though.

You can earn up to 7x points on restaurants, 5x on hotels, 2x on software subscriptions, and 1.5x on everything else.

The points depend on your billing cycle (monthly, semi-monthly, or weekly), and you need to spend at least 30% of your credit line in a month.

You must also have the card for a year before you can start raking in those rewards (more on that later).

Read more:

• How Do Credit Cards Work?

• How to Get a Credit Card: What to Look For

The Divvy card has no annual fee, which can save you a ton of money over time.

With no annual fee, you can use the card without worrying about shelling out more cash. This makes it the ideal choice for businesses that need to watch their bottom line.

Divvy offers an impressive rewards structure with different opportunities for earning.

You can get up to 7x points when you spend smart on categories like hotels and dining.

These rewards can help offset the cost of running your business, so you can keep those profits flowing.

Divvy’s got a real-time expense tracking feature that lets you view all your business expenses in one place and get alerts when things get a little too spendy.

This helps keep your finances on point, so you can make top-notch decisions about how to allocate (or divvy up) your resources.

With the ability to set spending limits for each employee, you can put the kibosh on overspending before it even happens.

No more worrying about that one employee whose business expenses look a little questionable.

Divvy’s got a platform that’s so easy to use that even the most tech-averse could handle it.

Its user-friendly interface comes complete with an expense tracker and the option to set spending limits.

Unlike other credit cards that might offer a cash reward when you sign up, Divvy’s got no such thing.

This means you won’t get any immediate rewards (or instant gratification) after signing up for the card.

Divvy’s got some impressive rewards, but there’s a catch—the rewards are only available for select categories like software subscriptions and dining.

Plus, you’ll earn less if your account has a monthly billing cycle (as opposed to daily or semi-monthly).

The complicated rewards structure of the Divvy card can be tricky to navigate.

With multiple point multipliers and redemption options, figuring out how to earn and use your rewards can be hard.

This can be frustrating if you just want a straightforward rewards program.

This is another potential downside of the Divvy card.

If you miss a payment or make it late, you’ll be hit with a fee of 2.99% or $38, whichever is greater.

This can add up quickly, making it a costly mistake for businesses to make.

The Divvy rewards program has its own way of doing things.

Divvy rewards a point for every dollar spent in an account.

Sounds simple—but these points are determined based on the account’s billing cycle and transaction type:

To get those rewards, you have to spend at least 30% of your credit line each month and be a Divvy customer for at least a year.

There are plenty of transactions that will get you some points, and once you’ve racked up 5,000, you can redeem them for rewards.

Just keep in mind that these rewards only apply to the first $5,000 spent in a month.

All subsequent transactions will earn rewards at the “other eligible purchases” rate.

Here are your redemption options and how much your Divvy points are worth:

Are your rewards not redeeming?

If your account is younger than a year old, you won’t be able to reap those rewards yet.

Other reasons could be that you don’t have 5,000 points saved up, or you’ve been late on your payments.

When choosing a card based on the rewards, there’s plenty you should look out for.

Find a card that pays you back for your usual spending. Maybe it’s cashback on groceries or points for travel. Frequent flyers should look out for perks like lounge access or travel insurance. On the purchasing front, keep an eye out for cards offering extended warranties or price protection.

Branson Knowles, Head of US digital banking at Top Mobile Banks

If you like rewards, check out our top cashback credit cards.

To get your hands on the Divvy Business card, there are a few requirements you’ll need to meet:

• Annual revenue: Your business must have a minimum annual revenue threshold, which can vary depending on the accounting integrations you use to verify your revenue.

• Business history: Divvy considers a company’s business history in its eligibility requirements, such as how well the business is performing over time.

• Cash balances: Businesses must maintain a minimum cash balance of $20,000 in an active account. This is so you have enough cash flow to pay off your expenses and credit card bills.

• Credit score: Divvy considers personal and business credit scores when assessing eligibility. You’ll need to have a good to very good FICO credit score to be approved (over 670).

• Location: Divvy is only available for businesses in the United States. If your business is based outside the US, you won’t be able to use Divvy.

Read more:

• What Is a Good Credit Score?

• What Are the Credit Score Ranges?

• How To Increase Your Credit Score Quickly

Aside from Divvy’s standard credit card requirements, here are some more steps you can take to boost your chances of being approved:

1. Check the legal requirements: Make sure that your business meets the legal requirements for applying. This means you’ll need a legally recognized business in the US (such as a corporation, partnership, or sole proprietorship).

2. Have a good credit score: While there’s no specific credit score requirement for the Divvy card, it’s recommended that you have a good score of at least 670. You can check your credit score for free on websites like Credit Karma.

3. Gather your documents: Once you’re confident about meeting the legal and credit requirements, it’s time to gather any necessary financial information. This can include your personal income, business revenue, and tax returns.

4. Provide accurate information: Double-check your application for errors before sending it off. You don’t want to run into any issues that could delay your approval.

Divvy typically delivers a decision on credit card applications within a few days.

Keep reading to find out how to activate the card once it arrives—

If you’ve got hold of your physical Divvy card, you should get an email with everything you need to know about how to activate it.

But if you missed the memo—we’ve got your back.

The first option is to activate your card through the mobile app.

Just go to the “Wallet” icon in the Navigation Bar and select the “Activate Card” button. Then all you have to do is enter the last four digits of your card number and tap “Activate.”

Another option is heading to the web browser.

You can choose your username from the Navigation Menu. From there, just select the “Activate Card” button and enter the last four digits of your card number to activate.

As part of Divvy’s credit builder program, they report your credit performance to the Small Business Financial Exchange (SBFE).

They’re not a credit bureau, but they collect payment data for small businesses in the US.

SBFE then shares this data with certified vendors like Dun & Bradstreet, Equifax, Experian, and LexisNexis Risk Solutions.

These vendors use this data to create a credit report and credit risk score for your business.

Yes. If you use your Divvy card responsibly by making on-time payments and keeping your credit utilization ratio low, you can improve your credit score over time.

But if you miss payments or max out your credit, it could hurt your score.

Divvy boasts an eye-opening credit limit of $15 million. But don’t get too excited. You’ll have to pay off your card regularly, and you can’t carry a balance from month to month.

While you can request a high credit limit, what you get will depend on your creditworthiness, business revenue, and expenses.

So if you have a good credit score and a booming business, they’re more likely to approve you for a higher credit limit than someone with a lower score.

You’ll also get a budget limit, which you can choose for internal company control.

And if you really want to keep tabs on everything, you can also set limits for each budget member or vendor card within the budget.

Tracking down credit card contact information can be like trying to find a penny in a parking lot—you could be there for a while.

Luckily, Divvy has all their customer service details nicely laid out on their site.

Here’s how you can contact their customer service team:

• Phone: Call the Divvy customer service number at(855) 229-3111. They’re open to chat from 6:00 a.m. until 8:00 p.m. MT during the week and 7:00 a.m.–4:00 p.m. MT during the weekend. You can also call the Divvy credit card contact number (385-352-0374) for credit application issues.

• Email: You can email customer support at help.getdivvy.com or [email protected] if you need help with your credit application.

• Chat: By signing in to your account, you can chat with a team member from 6:00 a.m. until 10:00 p.m. MT on weekdays and 7:00 a.m.–4:00 p.m. MT on weekends.