| 11 min read

Divvy Business Credit Card Requirements

Divvy bills itself as an expense management system tied to virtual and physical charge cards. If you’re a small business owner exploring credit card options for your business, you may have seen it featured on lists of best business credit cards. And naturally that may lead you to wonder, “How hard is it to qualify for Divvy?” 

Here we’ll explain Divvy requirements. 

Divvy Business Credit Card Requirements Overview

In order to qualify for Divvy, there are several important requirements your small business must meet. Here is a quick overview:

  • Must be based in the U.S

  • Business must be LLC or Corp.

  • Good to excellent credit required (personal credit and business credit)

  • Cash balance (typically $20,000+) required in an active bank account

  • Business history, minimum varies

  • Annual revenue is required, minimum varies

Divvy Business Credit Card Requirements Details

When you apply for Divvy, you will have to provide information about your business including:

  • Legal name of the company

  • Entity type (LLC or Corporation)

  • Formation date

  • Physical business address (not a PO box)

  • Mailing address (PO box is acceptable)

  • Business annual revenue

  • Business EIN

  • Information on company owners

Divvy requires good to excellent business and personal credit but it doesn’t specify a minimum personal FICO score or minimum business credit score. It’s a good idea to review your credit reports and scores before you apply for any business credit card, to make sure there isn't any negative information you’re not aware of. 

When Divvy checks your credit it creates a soft inquiry that does not impact your credit scores. (This is different from other small business card issuers, which often use a hard inquiry when checking credit.) Also keep in mind that Divvy checks Experian credit reports. If you have a credit freeze in place with Experian, you’ll want to lift it so your application can be processed. 

Divvy offers two programs. The regular program includes an unsecured business line of credit. If you can’t qualify for that account, you may want to apply for Divvy Credit Builder instead. That account requires a prefunded account (similar to a prepaid card). 

Both types of Divvy accounts can help you build business credit, which may help your business qualify for other business loans in the future.

When you apply you’ll be asked to state the credit line you’d like. Two important notes here:

  1. Divvy recommends you ask for roughly 10% more than your typical highest credit card spend.

  2. With Divvy’s rewards program you will not earn rewards in months where you spend less than 30% of your credit limit, so be sure to keep that in mind. 

Pros and Cons of the Divvy Business Credit Card Requirements

In terms of requirements for this card, the pros are:

  • No personal guarantee

  • No hard credit check

The cons are:

  • Need good to excellent credit 

  • Need a healthy business bank account balance

  • Not available to sole proprietors

When evaluating this card, understanding whether you qualify is important. But you also want to understand the perks it offers as well. Divvy offers a range of rewards, that will vary depending on whether you pay the card balance off weekly, semi-monthly or monthly. The faster you pay, the higher your rewards rate.  

Weekly/semi-monthly/monthly rewards are as follows:

  • 7x points/ 4x points/ 2x points on restaurants

  • 5x points/ 3x points/ 2x points on hotels

  • 2x points/ 1.75x points/ 1.5x points on software subscriptions

  • 1.5x points/ 1x points/ 1x points on other eligible purchases

Cardholders can redeem points for statement credits, gift cards, cash back, or travel.

But there are some important restrictions. You must spend at least 30% of your credit line in a month, for example, or you forfeit your rewards that month. Additionally, while you can earn rewards for the first twelve months, you can’t spend them. 

In addition, there are other benefits: 

  • $0 annual fee 

  • Free virtual cards

  • Budget settings

  • Integration with Divvy expense management software

  • Free employee cards

  • Discounts on different items such as Gusto

  • Ability to use other Divvy tools for things expense reports, reimbursements, managing spending, and more

Alternatives to the Divvy Business Credit Card

Every business is different, and the card that’s right for your startup, for example, may be different from a more established business. That’s why it is important to shop around for the right credit card for your business. 


Businesses with high spending requirements will want to check out Dash.fi. It offers credit lines 10-20x average. It also offers a solid cash back rewards program: 3% unlimited cash back the 60 days and 1.5% cash back (unlimited) after that. Unlike Divvy, you won’t have to wait to redeem the cash back you earn the first year. 

Spark 2% Cash Plus Credit Card

The Spark 2% Cash Plus credit card from Capital One can be a good small business credit card for those looking for a solid rewards rate across the board. New businesses may qualify as long as the owner has an acceptable personal credit score. 

It offers 2% unlimited cash back on all eligible business purchases and 5% on hotels and rental cars booked through Capital One Travel. You also earn $500 when you spend $5,000 on eligible purchases in the first three months and another $500 when you spend $50,000 on eligible purchases in the first six months. If you spend $200,000 or more a year you also get $200. You do have to pay the card off in full every month and there is a $150 annual fee. 

United Business Card

The Chase United Business Card is a small business Visa card. It will appeal to those that travel frequently on United airlines. 

It currently offers 75,000 bonus miles when you spend $5,000 in the first 3 months, a 5,000 mile bonus on your account anniversary, free checked bag, and 2 United Club passes. 

As far as rewards go, you earn 2 points per dollar spent on United purchases, gas stations, office supplies, restaurants, and transit/commuting. You earn 1 point per dollar on all other eligible purchases. While you don’t have to pay the annual fee the first year there is a $99 annual fee after that. 

Keybank Business Rewards Credit Card

This Mastercard offers a 0% introductory interest rate for the first six months and no annual fee. Additionally, it offers 10 reward points per dollar spent on gas, telecommunications, and restaurants and 5 reward points per dollar spent on other eligible purchases. You can also get a $200 welcome bonus if you have a Keybank business account and spend $1,000 in the first 60 days.

Wells Fargo Business Secured Credit Card

If you don’t have a great credit score or an established credit history you may want to check out the Wells Fargo Business Secured credit card. (This card can be an alternative to Divvy Credit Builder.) It requires a security deposit of at least $500, and your deposit will determine your spending limit. 

It offers a cash back or rewards point option. The cash back option offers an unlimited 1.5% cash back while the rewards option gives 1 point per dollar spent and an additional 1,000 points each billing cycle when you spend at least $1,000. There is no annual fee and you can get a credit line of up to $25,000. It reports to the SBFE which can help build business credit. 


Brex is a corporate credit card, and similar to Divvy, it integrates with a financial management platform to simplify business expense reporting and management. In mid-2022, Brex announced it would no longer be offered to small businesses unless they have outside funding such as venture capital or angel funding. However, startups that have received that type of funding may qualify.

More Articles
Newsletter Card


Stay up to date on the latest news, articles, and announcements from dash.fi. It’s easy and it’s free.