While application fees are not common, annual card fees may apply depending on the card issuer and type. You will also be subject to interest rate fees for any balance carried over. Additionally, you can’t carry a balance for more than a month, and Brex may require you to pay off your purchases as often as daily.
Credit limits
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. Rho offers straight cashback while Divvy offers redeemable rewards that get cut off if you dont spend more than 30% of your limit in a https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ month. BILL Spend & Expense controls are budget-specific, which limits organizations who want to manage spend at the user, card, and budget levels.
What Is Mercury?
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. Earn up to 7 points per dollar at restaurants — on a no-annual-fee card? But let’s look at how to use those points and how much they are worth.
How Does the BILL Divvy Corporate Card Work?
In addition, there’s no impact to your personal credit score when you apply, and your credit limit is based on financial factors like your revenue and funding raised. The BILL Divvy Card includes flexible underwriting and eligibility for businesses with poor credit, which makes qualifying for business credit easier for a large number of business sizes. Ramp, alternatively, imposes more eligibility requirements based on revenue or funding amounts that make it less accessible for new and smaller businesses.
BILL Divvy vs. Ramp: In-Depth Features Comparison
The Rho Corporate Card is a flexible business credit card with robust rewards. Built for corporations, limited liability companies (LLCs), or limited partnerships (LPs), the Rho Corporate Card is ideal for venture capital-backed businesses experiencing or expecting rapid growth. Brex is a popular financial services company for venture-backed startups, not small or mid-size businesses.
Users can request additional funds for any budget at the click of a button. Admins can approve or deny requests directly from the notification—without ever opening the app. If you’re looking for a business bank though, we use, love, and highly recommend Mercury.
- While all five of these cards work this way, they have plenty of differences.
- If you want greater flexibility with your rewards, there are better options on the market for your business.
- If you are scaling fast and want automation to do the heavy lifting, Brex will likely serve you better.
- BILL Divvy typically requires a minimum personal credit score of 670 for the primary cardholder providing the personal guarantee.
- While Mercury offers tiered banking plans, BILL takes a simpler approach with the company’s Spend & Expense solution.
Your BILL Divvy business credit card rewards change based on how quickly you make payments. For example, while you earn points for paying your balance semi-monthly, you earn more for doing so weekly.Here is a breakdown of current point reward multipliers by billing repayment period chosen by a customer. There are additional conditions businesses must meet to earn and redeem rewards. BILL Spend & Expense is a spend and expense management platform for businesses with the added benefit of a business credit card.
Learn why Willet + Cumro Innovations chose Rho over BILL and other AP and expense solutions to process thousands of invoices and expenses each month. The BILL Divvy credit card requires a 670 to 850 credit score to approve a credit line. In addition, BILL may expect the business to have at least $20, 000 in available cash to receive credit approval. Brex does not provide guidance on a specific credit score range to get approved.
- 250+ small-business products reviewed and rated by our team of experts.
- In addition, there’s no impact to your personal credit score when you apply, and your credit limit is based on financial factors like your revenue and funding raised.
- We think this is super cool, and is a big reason why we’d recommend Ramp for teams with 30-40+ employees.
- The main feature of the card, though, is the way you can divvy up your corporate card’s line of credit.
- Its points are easier to earn, simpler to redeem, and don’t come with restrictions.
- When we first learned about expense management software, our business was mainly a service based integration business and we didn’t have $75k just sitting in our account to even consider Ramp.
- The bonus is either $1, 000 cash back or $1, 250 toward travel when redeemed through Chase Ultimate Rewards.
- User reviews indicate similar satisfaction levels with support quality and resolution times.
- Finally, managers can allow a cardholder to have full access to an entire budget, or only a specific dollar amount.
- Bill offers higher rewards in specific categories, such as 7x on restaurants and 5x on hotels, but only if you pay your balance on a weekly basis.
- Companies can set limits on spending and get centralized expense tracking and consolidated statements.
It comes down to your business size, and the available funds in your bank account in accounting services for startups order to get approved. The BILL Accountant Partner Program is here to help you get the most out of BILL. Powered by the BILL Accountant Console, accounting firm partners enjoy benefits like access to a dedicated account manager, access to Accountant Care customer support for you and your clients, and much more. Empower your team with customizable access, separation of duties, and predictive AI that monitors transactions in real time. Detect suspicious activity early, minimize false positives, and safely onboard vendors with confidence.