But, I was so excited that I didn’t want to wait the three days it took to hear back from an account manager. I love their application process because it leaves no stone unturned and gives you the option to include documentation upfront for a faster decision. You’ll be asked to provide banking information, income, and details about your business to determine the amount of credit you can qualify for. The application process is pretty thorough yet easy. Your first step on the path to a Divvy account will be to check out the demo or to apply for business credit. What to Expect When You Apply for a Divvy Card The Divvy business credit card is unrelated. When you hear the name, Divvy, you might think of a bike subscription service, stock purchase product, or homebuyer program. Finally, Android users aren’t in love with Divvy’s mobile app.
Next, Divvy imposes a minimum spending requirement - you have to spend a certain amount on the card each month to leverage the full benefits. For one, there is a lack of transparency about qualification requirements and fees. While the talking points above are genuinely exciting, this card (like all financial services) has it’s pitfalls. Since they don’t charge the usual fees to cardholders, Divvy makes money by taking a portion of transaction fees charged to the merchant for each purchase.
The Divvy Mastercard offers fast and flexible business credit for “all sized companies.” There are a handful of edges this card has over most of its competitors: Read to the end before you apply for a Divvy card. Conclusion: Should You Get a Divvy Card?.This is What You Will Get as a Cardholder.What to Expect When You Apply for a Divvy Card.But, can they deliver on these promises, and is a Divvy credit card right for you? This funding solution promises powerful budgeting software and more.
The Divvy card is starting to make waves in the business world as a high-tech, free, business credit card.