Fast and flexible business credit.

Healthy credit is an important part of raising business capital. As part of our mission to make money smarter, Divvy reports customer credit performance to the Small Business Financial Exchange (SBFE®). That means you can use Divvy to build credit history and credit score for your business simply by paying on time.

Divvy surveyed employee sentiment before and after receiving a corporate card; we saw positive results in three key areas: employee empowerment, company pride, and career development. You can significantly move the needle on a more positive company culture (while saving time and money) by utilizing the Divvy platform. Giving each employee a corporate card indicates trust and commitment that can transform your company.

When it comes to streamlining business expenses, a company credit card can save you time and money. Separating business spending from personal spending makes it easier to reconcile accounts at the end of the month and get taxes right at year-end. If you have a growing team, consider using a platform like Divvy to provide individual cards to every employee, thereby eliminating manual expense reports and cumbersome reimbursement processes.

While personal credit cards can be used by businesses, it’s incredibly helpful to separate spending by opening a new credit line for company accounts. Corporate cards are specifically designed for business use, with tailored rewards and industry bonuses—however, they may also have higher fees. While it’s helpful to have an EIN number to apply for a business credit card, it may not be necessary.

Yes, you can qualify for a business credit card when you have bad credit. Each card provider will have different credit score standards for their applications, but that shouldn’t stop you from applying. Many card companies will be lenient with poor credit if you’re willing to submit payments more frequently or accept a smaller credit line to start. You may also qualify for secured credit lines, those that require a security deposit when you open an account.

Aside from the obvious record-keeping benefits of separating corporate and personal spending, having a business credit card has many rewards. Creating a credit line for business purchases is easier than qualifying for a loan and helps to build your company credit score. Business credit cards also come with attractive perks and rewards like cash back or travel benefits.

Old school expense management processes involved a lot of data entry and paper trails. By using software that ties directly to your business credit card you can completely eliminate these cumbersome processes, saving you time and money. Divvy provides credit cards to every employee—for free—so that you can track company spend in real time and set up budgets that prevent overspending.