Guide To The BILL Divvy Card

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

If you happen to’ve already been utilizing BILL.com to maintain observe of your corporation bills, then getting the BILL Divvy Company Card may appear to be an apparent selection. There’s no annual payment, you’ll earn rewards and it integrates with the BILL Spend & Expense software program. When you could seamlessly handle bills and deal with important enterprise spending, maximizing the BILL Divvy card advantages is considered one of your finest bets.

BILL Divvy Company Card advantages

The no-annual-fee BILL Divvy Company Card affords varied options to assist firms confront most of the extra burdensome facets of monetary administration, comparable to monitoring a enterprise’s money move and dealing capital wants, monitoring worker expenditures with out counting on cumbersome spreadsheets or sorting via stacks of paper receipts, and stopping overspending.

Most of at the moment’s finest enterprise bank cards — albeit to various levels — supply related advantages. Nevertheless, 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 payment. The BILL Divvy card has no annual payment, whereas many different enterprise and company playing cards do, significantly 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 without spending a dime.
• 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 supply 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 software. This successfully permits you to select your individual incomes charges.
• Budgeting options. BILL’s software program consists of strong budgeting instruments. You possibly can create budgets by division, staff or venture, or assign permissions that allow managers approve or deny funding requests immediately by way of cellular notifications and extra.
• Built-in invoice pay. BILL’s non-compulsory Invoice Pay service means you possibly can handle 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 in contrast to most enterprise playing cards, the charges are decided by your payoff schedule. The extra typically you repay your Divvy card stability — comparable to each day, weekly, semimonthly or month-to-month — the extra rewards you possibly can 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 value 0.5 cents every for assertion credit, present playing cards and money again.

Whereas you need to choose a billing cycle on the time of your BILL Divvy card software, you possibly can change it later via the Spend & Expense navigation. This might doubtlessly permit you to maximize your rewards earnings based mostly on seasonal enterprise slumps or significantly busy journey durations.

Cut back fraud and overspending

Along with free bodily playing cards, BILL additionally affords digital bank cards for cardholders. Every digital card has a singular 16-digit quantity, which lets you monitor and observe particular person playing cards. You’ll have the ability 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 really helpful when purchasing on-line, when making one-time purchases or managing subscriptions (comparable to these for software program and licenses).

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

Save money and time

The Invoice Divvy card capabilities extra like a cost card than a standard bank card, that means you received’t have the ability to carry a stability on it. You’re required to pay your invoice in full, whether or not you select a each day, weekly, semimonthly or month-to-month billing schedule. Though curiosity prices 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

Much like a excessive private credit score rating, a very good enterprise credit score rating could make it simpler to acquire financing with favorable charges and phrases. A superb enterprise credit score rating may also allow you to negotiate higher commerce offers with distributors and make your corporation extra engaging to potential traders, if that’s one thing you’re all in favour of.

BILL stories your card balances and funds to the Small Enterprise Monetary Trade (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 Danger Options.

By making all your Divvy card funds on time and in full, you possibly can construct a constructive credit score historical past for your corporation to higher place it for long-term success.

Entry to particular affords

Along with ongoing spending rewards, BILL’s company partnerships present cardholders with entry to a ton of rotating promotional affords. These affords could embody 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 just a few methods you possibly can maximize your BILL Divvy Company card:

• Select the weekly or each day payoff plan. If you happen to’re in a position to repay your stability on a weekly or each day foundation, you’ll earn 7X factors on eating places, 5X factors on resorts, 2X factors on recurring software program subscriptions and 1.5X factors on all the pieces else.
• Redeem factors for journey. Essentially the most useful solution to redeem your factors is for journey via BILL because you’ll get a price of 1 cent per level.
• Reap the benefits of free company playing cards. There’s no restrict to what number of digital or bodily playing cards you will get. Plus, they’re free and you’ll 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 principle motive to get the BILL Divvy card is in case you already use BILL’s monetary software program otherwise you’re seeking to streamline your corporation’s spend and expense administration.

Once you consider the BILL Divvy card as a part of a holistic platform that permits companies to regulate firm spend, create and handle budgets, entry capital, automate the expense reporting course of and extra, it turns into loads simpler to see its worth. As a stand-alone enterprise bank card, it’s tremendous. But when all you’re searching for is a devoted enterprise bank card, you possibly can most likely discover extra profitable rewards and advantages elsewhere.

The underside line

Whether or not it’s best to 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 value 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 all in favour of extra effectively monitoring firm spending, the BILL Divvy Company Card is a good selection because the card is paired with monetary software program to completely automate the expense administration course of. You’ll even have entry to a wide range of different advantages, together with rewards on spending, free firm playing cards and no annual payment.