Each virtual card includes a unique card number and security code and are convenient to use for recurring and online purchases. In addition to physical cards, admins and spenders can also create as many virtual cards as they need in their Divvy account. Learn more about Divvy physical charge cards. When transactions occur, admins can require spenders to upload receipts and/or make category selections to organize the transaction. Spenders can quickly activate their charge cards from the Divvy mobile app. Admins also assign users to budgets that designate how much they are able to spend. When adding users to Divvy, admins can mail physical charge cards to each user that they can use for business expenses. To help protect our customers, Divvy uses an advanced third-party platform to monitor transactions and prevent fraud incidents. There are no annual fees and the flexible rewards programs allow users to gain even more from spending smarter with Divvy.
They can also apply for credit increases within the Divvy platform. Credit utilization is not reported.ĭivvy charge cards can easily scale with business growth as admins can send physical cards to each spender and create up to 100 virtual cards per budget.
#BILL COM DIVVY UPDATE#
For all Divvy customers, payments are reported to the Small Business Finance Exchange and Dun & Bradstreet in order to update the business’ credit score.
#BILL COM DIVVY FULL#
The full balance of your charge card must be paid in full at the end of the billing cycle. Charge cards can be used for business transactions in the same manner as other cards, as long as there are adequate funds assigned to the budget associated with the card. If denied, the business can apply for the Credit Builder program, which includes secured line credit that must be funded first in order to spend.īoth the traditional Divvy program and Credit Builder utilize charge cards. If approved, the business will be assigned a specific credit line that determines the amount they can spend using their Divvy cards.
Based on this application, the business will either be approved or denied for an unsecured line of credit. This article is an overview of how Divvy works and some of the features you will experience as a Divvy customer.Īny business that wants to become a Divvy customer must first submit an application that provides some basic information about their business operations.
Divvy is a company and business expense management solution that includes two main components: 1) physical and virtual charge cards and 2) expense and management software that tracks spend from those charge cards.
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