Guide To The BILL Divvy Card

The BILL Divvy Company Card is a brilliant company bank card that pairs with BILL.com’s monetary software program to totally automate the expense-management course of for small- and medium-sized corporations. The cloud-based BILL platform lets enterprise house owners and managers monitor firm spending in actual time by way of instantaneous notifications for each card swipe, eliminating the necessity for employees to file expense experiences manually — and for finance and HR groups to course of them manually, too.

In case you’ve already been utilizing BILL.com to maintain monitor of your online business bills, then getting the BILL Divvy Company Card may look like an apparent selection. There’s no annual charge, you’ll earn rewards and it integrates with the BILL Spend & Expense software program. When it’s worthwhile to seamlessly handle bills and deal with important enterprise spending, maximizing the BILL Divvy card advantages is one in every of your greatest bets.

BILL Divvy Company Card advantages

The no-annual-fee BILL Divvy Company Card gives varied options to assist corporations confront lots of the extra burdensome points of economic administration, similar to monitoring a enterprise’s money movement and dealing capital wants, monitoring worker expenditures with out counting on cumbersome spreadsheets or sorting by way of stacks of paper receipts, and stopping overspending.

Most of right now’s greatest enterprise bank cards — albeit to various levels — provide comparable advantages. Nonetheless, the mixed options of the BILL Divvy card and BILL.com’s monetary software program that preceded it create a holistic expense administration platform that helps the BILL Divvy card stand out from the pack. With the BILL Divvy company card, you’ll get:

• No annual charge. The BILL Divvy card has no annual charge, whereas many different enterprise and company playing cards do, notably in the event that they’re journey playing cards.
• No charges for worker playing cards. Further cardholder charges can add up shortly, however the BILL Divvy card gives limitless bodily and digital playing cards to all staff free of charge.
• No private assure. With many enterprise playing cards, the danger related to late funds or unpaid balances falls on the person cardholder. The BILL Divvy card, nevertheless, doesn’t require a private assure from the enterprise proprietor, nor does it conduct a tough credit score inquiry.
• Customizable rewards construction. Most enterprise and company playing cards provide rewards on spending, however the BILL Divvy card is exclusive in that its rewards construction is tied to the payoff cycle chosen on the time of your utility. This successfully allows you to select your personal incomes charges.
• Budgeting options. BILL’s software program contains sturdy budgeting instruments. You’ll be able to create budgets by division, crew or venture, or assign permissions that permit managers approve or deny funding requests immediately by way of cell notifications and extra.
• Built-in invoice pay. BILL’s non-compulsory Invoice Pay service means you may maintain payments and invoices inside the identical software program, making a one-stop store for accounts payable whereas nonetheless providing you with management over when accepted funds are literally funded.

Earn rewards for on a regular basis bills

Like many enterprise bank cards, the BILL Divvy card earns rewards for on a regular basis spending. However not like most enterprise playing cards, the charges are decided by your payoff schedule. The extra typically you repay your Divvy card steadiness — similar to every day, weekly, semimonthly or month-to-month — the extra rewards you may earn. Right here’s what that appears like:

Rewards earned with the BILL Divvy card can be utilized for assertion credit, money again, present playing cards or journey booked straight with BILL. Journey is probably the most profitable redemption possibility, with a price of 1 cent per level. In the meantime, factors are price 0.5 cents every for assertion credit, present playing cards and money again.

Whereas you must choose a billing cycle on the time of your BILL Divvy card utility, you may change it later by way of the Spend & Expense navigation. This might probably help you maximize your rewards earnings primarily based on seasonal enterprise slumps or notably busy journey durations.

Scale back fraud and overspending

Along with free bodily playing cards, BILL additionally gives digital bank cards for cardholders. Every digital card has a novel 16-digit quantity, which lets you monitor and monitor particular person playing cards. You’ll be capable to customise month-to-month spending limits and the place the cardboard can be utilized, together with how lengthy the cardboard stays energetic. Utilizing a digital card is beneficial when procuring on-line, when making one-time purchases or managing subscriptions (similar to these for software program and licenses).

With the BILL Divvy card, corporations can create recurring or one-time spending budgets organized by occasion, crew, location, venture and vendor. You may as well set particular person spending limits for each cardholder inside every funds class (and alter them as wanted on the go). Plus, you may approve division and worker requests for reimbursement of out-of-pocket bills and mileage.

Save money and time

The Invoice Divvy card features extra like a cost card than a standard bank card, which means you received’t be capable to carry a steadiness on it. You’re required to pay your invoice in full, whether or not you select a every day, weekly, semimonthly or month-to-month billing schedule. Though curiosity costs on a enterprise bank card are tax-deductible, utilizing the BILL Divvy card means you received’t should pay curiosity within the first place.

Construct enterprise credit score

Just like a excessive private credit score rating, an excellent enterprise credit score rating could make it simpler to acquire financing with favorable charges and phrases. A very good enterprise credit score rating may assist you negotiate higher commerce offers with distributors and make your online business extra engaging to potential buyers, if that’s one thing you’re fascinated with.

BILL experiences your card balances and funds to the Small Enterprise Monetary Change (SBFE), a nonprofit commerce affiliation within the U.S. that gathers small enterprise fee information and makes the data accessible to 4 industrial credit score reporting bureaus: Dun & Bradstreet, Equifax, Experian and LexisNexis Threat Options.

By making your entire Divvy card funds on time and in full, you may construct a constructive credit score historical past for your online business to raised place it for long-term success.

Entry to particular gives

Along with ongoing spending rewards, BILL’s company partnerships present cardholders with entry to a ton of rotating promotional gives. These gives could embrace greenback or proportion reductions at locations like Google Adverts, Adobe Artistic Cloud, Vistaprint, Carta, BambooHR, Verizon Wi-fi, Amazon Internet Companies, FedEx Workplace and extra.

Maximizing the BILL Divvy Company Card

There are a number of methods you may maximize your BILL Divvy Company card:

• Select the weekly or every day payoff plan. In case you’re in a position to repay your steadiness on a weekly or every day foundation, you’ll earn 7X factors on eating places, 5X factors on accommodations, 2X factors on recurring software program subscriptions and 1.5X factors on every part else.
• Redeem factors for journey. Essentially the most useful strategy to redeem your factors is for journey by way of BILL because you’ll get a price of 1 cent per level.
• Benefit from free company playing cards. There’s no restrict to what number of digital or bodily playing cards you may get. Plus, they’re free and you may customise and handle them remotely. This makes it simpler so that you can earn rewards as your staff use their company playing cards to deal with enterprise spending.
• Use the BILL monetary administration software program. The primary motive to get the BILL Divvy card is when you already use BILL’s monetary software program otherwise you’re seeking to streamline your online business’s spend and expense administration.

While you consider the BILL Divvy card as a part of a holistic platform that allows companies to manage firm spend, create and handle budgets, entry capital, automate the expense reporting course of and extra, it turns into quite a bit simpler to see its worth. As a stand-alone enterprise bank card, it’s tremendous. But when all you’re in search of is a devoted enterprise bank card, you may in all probability discover extra profitable rewards and advantages elsewhere.

The underside line

Whether or not you must join the BILL Divvy card is dependent upon how a lot worth you’re planning to get out of the cardboard. Many different enterprise bank cards present useful sign-up bonuses, annual assertion credit price a whole lot of {dollars} and premium perks you received’t discover on the BILL Divvy card. That’s as a result of BILL began out as free monetary software program for companies, and the company card got here later.

For enterprise house owners fascinated with extra effectively monitoring firm spending, the BILL Divvy Company Card is a good selection because the card is paired with monetary software program to totally automate the expense administration course of. You’ll even have entry to quite a lot of different advantages, together with rewards on spending, free firm playing cards and no annual charge.