It’s important to note that redeeming your points also has different values.
If you pay your bill weekly, you get higher reward points than if you choose monthly or twice monthly payment options.įor example, paying your bill weekly will get you 7x points on all restaurants, while paying twice a month will get you 4x points on purchases in the same category.
#Divvy corporate card software
Divvy breaks down purchases by categories like restaurants, hotels, software subscriptions, and everything else. These points add up in your account over time and eventually can be used for airline tickets, gift cards, or even cash back. Where the two cards differ is in the type of rewards offered.ĭivvy uses the more popular reward system that includes points for every dollar you spend. Reward Systemsīoth the Divvy and Rho cards offer different reward tiers, and you can earn higher rewards if you pay your bill more frequently. International companies are required to carry a larger balance of at least $100,000 at all times. If your business doesn't have that kind of capital, you can still bank with Rho if you spend at least $5,000 a month on the card. The biggest indicator of this is the $50,000 minimum account balance that is required to bank with Rho. The features and tools the company has created apply to medium to large-sized businesses. Rho targets a very different customer base than Divvy. Over time, if the businesses are in good standing with Divvy, they are allowed to apply for an unsecured line of credit. The more traditional unsecured line of credit is given to businesses that qualify, but for those that don't, there is the Credit Builder program.īusinesses are allowed to pay a security deposit which equals the amount of their line of credit. What makes Divvy unique from Rho is the two lines of credit they offer. International companies can be accepted by Divvy, but there needs to be at least one owner who has 25% ownership in the company or they are a US citizen or resident. The company does include preferences for small- to mid-sized businesses, and it also accepts sole proprietors as well as corporations and LLCs. Most business cards are going to require an EIN and a US bank account, but Divvy doesn't list much more than this on its website. While Divvy is perfect for the starting entrepreneur building business credit, Rho is reserved for more established startups with large capital reserves. One of the biggest differences in choosing Divvy vs.
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