BILL Divvy Card
- Best for: Businesses with several employees spending who want budgets and receipts in one place
- What Sets It Apart: Rewards that rise with how often you pay, plus free expense software
- Rewards: Weekly billing: 7X restaurants, 5X hotels, 2X recurring software, 1.5X everything else; monthly: 2X, 2X, 1.5X, 1X; bonus rates on a month’s first $5,000; 100,000 points = $520 cash back
- Features: Spend & Expense at $0 per user; budgets with card and merchant limits; receipts by app or text; sync with QuickBooks, Xero, NetSuite, and Sage Intacct; primary rental car coverage on business rentals
- Annual Fee: $0
- APR: None; the balance is due in full each billing cycle
- Cost: Up to 0.20% on foreign currency and 0.90% on dollar purchases abroad; late fee the greater of 2.99% of the past-due amount or $38; returned payment fee $38
- Eligibility: A registered business with an employer identification number and a U.S. business bank account; no published minimum revenue
- Pros: Free unlimited virtual cards; limits that block out-of-policy charges; accounting sync; soft credit check
- Cons: Points worth 0.52 cents; a month’s points forfeited below 30% use of the line; no redemptions for 12 months; foreign fees; the signer bound personally
Get the BILL Divvy Card if several people spend for your business and you want budgets, virtual cards, and receipt tracking without paying for software. Don’t get it for the rewards. Its points are worth about half a cent each, and you lose a month’s points if you charge less than 30% of your credit line that month.
It’s a charge card, so there’s no interest, and the full balance comes due at the end of each billing cycle, which you set to weekly, twice a month, or monthly. Registered businesses with an employer identification number and a U.S. business bank account can apply, and the card comes with Spend & Expense, BILL’s software for budgets, employee and virtual cards, receipts, and accounting sync.
Key Features
- $0 annual fee, and $0 per user for Spend & Expense
- Credit lines of $1,000 to $5 million, either fixed at application or variable, moving with cash flow, revenue, and spending
- 7X points at restaurants, 5X at hotels, 2X on recurring software subscriptions, and 1.5X on everything else with weekly billing, falling to 2X, 2X, 1.5X, and 1X with monthly billing
- Bonus rates only on the first $5,000 spent each month
Pros
- As many virtual cards as you need, at no cost
- Budget and per-purchase limits that can block out-of-policy charges at the point of sale
- Syncs with QuickBooks, Xero, NetSuite, and Sage Intacct
- A soft credit check on the initial application, which doesn’t affect your personal credit score
Cons
- Points worth 0.52 cents each, so purchases outside the bonus categories earn 0.52% to 0.78% back by our math
- A month’s points forfeited when that month’s spending is under 30% of the credit line
- No redeeming points in your first 12 months
- Fees of up to 0.20% on purchases in other currencies and 0.90% on dollar purchases abroad, and no points on foreign transactions
- Personal liability for whoever signs the card agreement with Cross River Bank, one of BILL’s issuing banks, though BILL says no personal guarantee is needed
It’s worth getting for a business with several people spending, since the software costs nothing, and weekly billing gets the most from its points. A sole owner earns 2% back on up to $50,000 of eligible purchases each calendar year with American Express’s no-fee Blue Business Cash Card, compared with 0.52% to 0.78% outside this card’s bonus categories.
Learn more about the BILL Divvy Card or see how it compares to the best small-business credit cards.
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