Information 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 completely automate the expense-management course of for small- and medium-sized firms. The cloud-based BILL platform lets enterprise homeowners 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 studies 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 small business bills, then getting the BILL Divvy Company Card may appear to be an apparent alternative. There’s no annual payment, you’ll earn rewards and it integrates with the BILL Spend & Expense software program. When you have to seamlessly handle bills and deal with important enterprise spending, maximizing the BILL Divvy card advantages is one in all your finest bets.

BILL Divvy Company Card advantages

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

Most of right this moment’s finest enterprise bank cards — albeit to various levels — provide 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, 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 offers limitless bodily and digital playing cards to all staff free of charge.
• No private assure. With many enterprise playing cards, the chance 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 software. This successfully permits you to select your personal incomes charges.
• Budgeting options. BILL’s software program contains strong budgeting instruments. You’ll be able to create budgets by division, group or mission, or assign permissions that permit managers approve or deny funding requests immediately by way of cellular notifications and extra.
• Built-in invoice pay. BILL’s optionally available Invoice Pay service means you’ll be able to care for payments and invoices throughout the similar software program, making a one-stop store for accounts payable whereas nonetheless providing you with management over when authorized 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 stability — equivalent to day by day, weekly, semimonthly or month-to-month — the extra rewards you’ll be able to 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 software, you’ll be able to change it later by means of the Spend & Expense navigation. This might doubtlessly let 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 affords digital bank cards for cardholders. Every digital card has a singular 16-digit quantity, which lets you monitor and monitor 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 advisable when buying on-line, when making one-time purchases or managing subscriptions (equivalent to these for software program and licenses).

With the BILL Divvy card, firms can create recurring or one-time spending budgets organized by occasion, group, location, mission and vendor. You may as well set particular person spending limits for each cardholder inside every finances class (and regulate them as wanted on the go). Plus, you’ll be able to 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 gained’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 day by 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 gained’t need to 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 great enterprise credit score rating can even assist you to negotiate higher commerce offers with distributors and make your small business extra enticing to potential buyers, if that’s one thing you’re keen on.

BILL studies your card balances and funds to the Small Enterprise Monetary Alternate (SBFE), a nonprofit commerce affiliation within the U.S. that gathers small enterprise cost knowledge and makes the knowledge out there to 4 business credit score reporting bureaus: Dun & Bradstreet, Equifax, Experian and LexisNexis Threat Options.

By making your whole Divvy card funds on time and in full, you’ll be able to construct a constructive credit score historical past for your small business 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 share reductions at locations like Google Adverts, Adobe Inventive 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’ll be able to maximize your BILL Divvy Company card:

• Select the weekly or day by day payoff plan. In case you’re capable of repay your stability on a weekly or day by 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 every part else.
• Redeem factors for journey. Probably the most beneficial method to redeem your factors is for journey by means of 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 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 if you happen to already use BILL’s monetary software program otherwise you’re trying to streamline your small business’s spend and expense administration.

Once you consider the BILL Divvy card as a part of a holistic platform that permits companies to manage 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 high-quality. But when all you’re in search of is a devoted enterprise bank card, you’ll be able to in all probability discover extra profitable rewards and advantages elsewhere.

The underside line

Whether or not it’s best to join the BILL Divvy card will depend on how a lot worth you’re planning to get out of the cardboard. Many different enterprise bank cards present beneficial sign-up bonuses, annual assertion credit price a whole lot of {dollars} and premium perks you gained’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 homeowners keen on extra effectively monitoring firm spending, the BILL Divvy Company Card is a superb alternative for the reason that card is paired with monetary software program to completely 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 payment.