BILL Divvy Corporate Card review: Great account management features and bonus points aplenty

Editor’s note: This is a recurring post, regularly updated with new information and offers.

BILL Divvy Corporate Card overview

Here’s a type of card you’ve probably never seen before: The BILL Divvy Corporate Card is a business credit card that transforms the way you earn — offering additional points awarded on purchases if you pay your bill weekly or semi-monthly. This return is even more impressive because the BILL Divvy Corporate Card is a no-annual-fee credit card.

However, both the lucrative bonus categories and the options for redeeming points are limited. Let’s take a look at whether this card will fit into your business strategy. Card Rating*: ⭐

*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

The BILL Divvy Corporate Card is a business credit card with no annual fee that’s a good option for rapidly growing organizations and sole proprietors who want to take more control over their business spending.

It’s very handy no matter the size of your business, as it automates much of the clerical minutiae of owning a small business (we’ll get into that later). However, if you have a small payroll with limited needs to extend lines of credit to employees, some of the card’s most notable features won’t be of use to you.

This card also may appeal to you if you’ve already opened most other popular small-business cards and are looking for something outside the realm of Chase, Amex, Citi and other major issuers. It shouldn’t count against your Chase 5/24 status, as most small-business cards don’t appear on your personal credit report.

BILL stipulates that this credit card is for those with “good to excellent” credit, so we recommend a 670 credit score or higher before applying.

BILL Divvy Corporate Card pros and cons

BILL Divvy Corporate Card welcome offer

The good news is that the BILL Divvy Corporate Card has a welcome offer, but the bad news is that it’s much lower than what you’ll find on some of our other favorite business credit cards. It currently offers a welcome offer of $500 after you spend $500.

Still, if you want an easy welcome offer to earn, this one is hard to beat. While many other business credit cards offer more lucrative bonuses, they also often come with spending requirements that are difficult for some businesses to meet.

Related: The best cards for freelancers

BILL Divvy Corporate Card benefits

While you examine these card benefits, keep in mind two things:

• You’re potentially saving money by accounting for every dollar.
• You’re running (nearly) every penny of business expenses through BILL to earn maximum rewards.

These are the things BILL wants to achieve for your small business that other cards may fail to do. I attended a demo of the credit card, and the card does offer an edge over all other small-business cards in the above capacities.

The BILL Divvy Corporate Card is also easy on the bottom line with no annual fee, plus no extra fees for requesting employee cards and no maximum limit on employee cards.

The main feature of the card, though, is the way you can divvy up your corporate card’s line of credit.

One of the most worrisome aspects of adding an authorized user or employee to your primary credit card is the fact that they have carte blanche access to your credit line. The budget feature solves that problem as you can dole out a unique amount of credit for specific situations, only as much as you’re willing to spend.

As the budget owner, you can view an extremely digestible dashboard of all your assigned budgets. It contains graphics reflecting the size of each budget, how much has been spent and how much remains. You can also create unlimited budgets.

For example, you can create budgets for each employee to ensure they don’t blow out your credit limit or rack up too many unexpected expenses. If an employee travels to a conference, you can assign a dollar amount to their card. Once they hit the card’s limit, the card will decline.

On the same note, each employee can request a bump in credit from the budget owner. The budget owner can release more credit in real time if there are unforeseen expenses.

You can also establish a “grace period” of sorts, where the card won’t decline if the cardholder nominally breaches their credit line.

With BILL Divvy, you can give different permissions to different cardholders. If, for some reason, you want to give another cardholder access to account information, you can do this without handing over your personal login credentials.

Even if you can’t use your BILL Divvy Corporate Card for all purchases, you can still input any expense into BILL Divvy and reimburse yourself for purchases you make without the BILL Divvy Corporate Card through ACH deposits for free.

Earning points on the BILL Divvy Corporate Card

The section you’ve been waiting for. The BILL Divvy Corporate Card earns rewards on all spending (quite generously, in some categories).

In short, the BILL Rewards strategy is to make more expenses rewardable than other small-business credit cards. What you earn depends on two things:

• Which bonus categories you spend in
• How often you pay your bill

The more often you pay your bill the higher the rate of rewards you’ll earn.

Here’s what you’ll earn:

However, there are also some purchases that are excluded from earning points. These exceptions include:

• Any transactions from a given month if your total monthly spend is less than 30% below your credit line
• Foreign transactions and foreign transaction fees
• Plastiq transactions

Earn up to 7 points per dollar at restaurants — on a no-annual-fee card? That certainly sounds above average. But let’s look at how to use those points and how much they are worth.

Related: What’s the best business credit card for dining purchases?

Redeeming points on the BILL Divvy Corporate Card

You must redeem the points you earn with your BILL Divvy Corporate Card points through the BILL Rewards online platform.

Specify how many points you want to redeem and choose a redemption method:

• Travel
• Gift cards
• Cash back
• Statement credit

BILL Divvy Rewards are worth, at most, 1 cent each. To redeem points, you’ll need to accrue at least 5,000 points in your first cardmember year, and your account must be at least one year old. Here are the various ways to spend your points and the value you’ll receive for each option.

As you can see, points are worth about half a cent for most redemptions. If you’re using this card to earn cash back and pay your bill weekly, that’s like earning:

• 3.6% back at restaurants (7 points per dollar)
• 2.6% back at hotels (5 points per dollar)

For a no-annual-fee card, that’s pretty good. However, all other earning scenarios with this card aren’t as great.

If you prefer to use your rewards for travel, your return will be much greater — but you’re now competing with an elite catalog of travel credit cards that can sometimes net you far more value for your spending if you know the best ways to maximize those rewards.

If you want to use your BILL Divvy Rewards points for travel, here’s the process:

• Pay for travel with the BILL Divvy Corporate Card
• Click “Redeem Rewards” on your BILL dashboard
• Fill out the rewards form with the number of points you want to redeem
• Submit the form

BILL Divvy Rewards says that your redemption will be processed within 10 business days.

The process is a two-edged sword. You can book directly with the travel provider instead of going through a third-party portal, which is great news for those wanting to use points for hotels, as you typically only earn elite night credits, elite benefits and hotel points if you book directly.

However, you must use the BILL Divvy Corporate Card to reserve your travel, meaning those with airline or hotel credit cards won’t be able to earn extra rewards or kick in built-in travel protections on these purchases.

Which cards compete with the BILL Divvy Corporate Card?

There are plenty of other business cards that might be a better fit for your company:

• If you want customizable bonus categories: The American Express® Business Gold Card carries a much higher annual fee of $375 (see rates and fees), but you’ll earn four points per dollar spent in your highest two spending categories each billing cycle (on the first $150,000 in combined purchases each calendar year, then 1 point per dollar after). To learn more, read our full review of the Amex Business Gold.
• If you want simpler rewards: The Capital One Spark Miles for Business card offers 2 miles per dollar spent on all purchases; new cardholders will not be charged an annual fee in the first year, but the card carries an annual fee of $95 each year thereafter (see rates and fees). You still have access to transfer partners through Capital One, though you’ll sacrifice additional perks. To learn more, read our full review of the Capital One Spark Miles card.
• If you still don’t want an annual fee: The Ink Business Unlimited® Credit Card earns 1.5% back on every purchase at no annual fee; plus, it includes basic perks like purchase protection and the option to add employee cards at no additional cost. To learn more, read our full review of the Ink Business Unlimited.

For additional options, check out our guide to the best business credit cards.

Related: Is the Amex Business Gold worth the annual fee?

Is the BILL Divvy Corporate Card worth it?

If you’re searching for a business card with no annual fee that has a good earnings structure and offers a lot of control over employee spending, the BILL Divvy Corporate Card is a worthwhile choice. However, you have to pay your bill weekly to maximize your rewards earnings, which may not be ideal for all businesses. If you want greater flexibility with your rewards, there are better options on the market for your business.

Bottom line

The BILL Divvy Corporate Card has some perks that make it unique in the business credit card world.

You can give employees varying degrees of account access, set strict budgets for each employee card and reimburse yourself for expenses from your personal payment method to keep within budget. And interestingly, you’re rewarded based on the frequency with which you pay off your balance. You can earn potentially 3.5 times more points by paying your bill weekly instead of monthly.

Even if the BILL Divvy Rewards system isn’t the best, that may be enough to spur many business owners to give it a try.

Related: How to get a business credit card

For rates and fees of the Amex Business Gold, click here.