How long does BILL Divvy Corporate Card take to approve?

You can sign up to use the system any time. As for the unsecured card option, there doesn't seem to be a definitive answer from BILL Spend & Expense. It seems most that do get approved are getting their cards a couple of weeks after finishing the application.

Does BILL Divvy Corporate Card affect personal credit?

BILL Spend & Expense does not check your business or personal credit score to determine eligibility for their card. So no, it does not affect your personal credit .

Is the BILL Divvy Corporate Card easy to get approved?

BILL Spend & Expense's main requirement of businesses is that they have at least $5,000 in expenses monthly. If your business meets this qualification then it should be an easy approval.

Is the BILL Divvy Corporate Card a credit card or charge card?

It is indeed a charge card. The difference is in the payment terms. With a credit card, you can carry a balance. You have the option to pay back as much or as little as you want each month, as long as the payment meets the minimum payment requirement. A charge card however, must be paid off in full each month. You cannot carry a balance. That being the case, there is automatically no interest. However, you do have to be certain that you have the funds available to pay off the full balance each month.

Divvy Credit Card Reviews: Is It Right for Your Business?

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It can be hard to choose the right credit card for your business. You’ll find cards listed that do not have an annual fee, those that waive the foreign transaction fee, and a host of rewards card options.

There are BILL Divvy Corporate Card reviews all over the internet. Most of them are in agreement when it comes to the verdict, but they all get there a different way. Is a BILL Divvy Corporate Card right for your business?

What is BILL Spend & Expense?

First and foremost, BILL Spend & Expense (formerly known as Divvy) is an expense management system. Divvy was recently acquired by BILL as a result of the increasing number of customers that were looking for help with money management.

The platform is designed to help businesses manage their finances by integrating with accounting systems and helping them control spending in a streamlined manner.

In reality, it’s not meant to be a funding mechanism. The business card is just a means to an end. It’s a centralized way to manage spending.

It is not meant to be a business funding option on its own, but rather, a tool for business owners to use for more effective and efficient money management. They offer a lot of great features that allow business owners to control spending, manage expenses, and even handle accounts payable.

The system allows you to see transactions in real time and send funds in seconds via mobile or desktop. You can also issue cards to employees (virtual or physical cards) and give them direct access to funds with a spending limit you set.

This not only cuts down on expense reports, but also helps with budget management. That is the main purpose of the card. The system currently integrates with Quickbooks Online, Oracle Netsuite, and Sage Intacct. Integration with Xero and Quickbooks Desktop is expected soon.

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How much does a BILL Divvy Corporate Card cost?

It’s free. There are no hidden fees or contracts. They make money every time users spend money on a BILL Divvy Corporate Card. Each time, the merchant pays a fee to Visa, as well as the issuing bank. That fee is shared with BILL Spend & Expense.

This is in stark contrast to some other similar systems, which may offer free cards but charge a fee for the money management system. Furthermore, since the card is a charge card that must be paid off monthly, there is no interest. That makes using the BILL Divvy Corporate Card 100% free.

Pros of the BILL Divvy Corporate Card:

Other than being free, other pros include the following.

Streamline Money Management

BILL Spend & Expense allows business owners to manage spending, expenses, and accounts payable all in one place. The system allows you to see transactions in real time, and send funds in seconds via mobile or desktop.

Budgeting is made easy due to the fact that BILL Spend & Expense’s budgeting software syncs automatically with employee credit cards. This allows business owners to stop overspending at the source. There’s no need to constantly remind and nag. Just stop it before it happens. You can even see spending in real-time by team, project, department, or individual budget.

This makes budgeting for the year, quarter, or month much easier. However, it makes sticking to the budget easier as well. Traditionally, spend is tracked after the fact as receipts are turned in. With the ability to set control on the front end and see and approve spend in real-time, sticking to the budget is made easier as well.

Manage Spending with Ease

The ability to issue cards to employees, either virtual or physical cards, makes spend tracking easy. Administrators give card holders direct access to funds with a spending limit they set.

Expense report tracking becomes nothing more than a tap on the screen, and managing the budget is just as easy. That is the main purpose of a BILL Divvy Corporate Card.

One of the biggest time saving features is the automation of expense reports. Each time a card is used, you are notified in real time. The employee can capture receipt information directly into the systems, and it only takes a few taps to approve the expense, or not.

Set up automated rules that ensure expenses are categorized and synched seamlessly each month. That’s one of many reasons why BILL has made it on our Best Virtual Credit Cards a