How Does Divvy Credit Card Work?

Are you looking for a credit card that can help you manage your finances effectively? The Divvy credit card might be the solution you’ve been searching for. This innovative credit card is designed to simplify your financial life, giving you…

Are you looking for a credit card that can help you manage your finances effectively? The Divvy credit card might be the solution you’ve been searching for. This innovative credit card is designed to simplify your financial life, giving you more control over your spending and saving habits.

So, how does the Divvy credit card work? In a nutshell, it’s a hybrid credit card and budgeting tool that allows you to set spending limits for yourself and your team. With real-time tracking and reporting, you can easily monitor your expenses and make adjustments as needed. In this article, we’ll explore the ins and outs of the Divvy credit card and show you how it can help you take control of your finances.

How Does Divvy Credit Card Work?

How Does Divvy Credit Card Work?

Divvy is a financial technology company that provides businesses with corporate credit cards. The Divvy credit card is designed to help businesses manage their finances more efficiently and effectively. The card allows businesses to track their expenses in real-time and gives them greater control over their spending. Below are the details of how the Divvy credit card works.

1. Sign up for a Divvy Account

To start using the Divvy credit card, businesses must first sign up for a Divvy account. The sign-up process is simple and can be done online. Once the account is created, businesses can add team members and assign them spending limits.

Benefits of using a Divvy Account:

  • Real-time expense tracking
  • Greater control over spending
  • Easy expense reporting
  • Customizable spending limits for team members

2. Assign Spending Limits

The Divvy credit card allows businesses to assign spending limits to team members. This feature gives businesses greater control over their spending and helps prevent overspending. The spending limits can be customized for each team member based on their role and responsibilities within the company.

Benefits of assigning spending limits:

  • Prevents overspending
  • Ensures team members stay within budget
  • Helps with financial planning and forecasting

3. Make Purchases with the Divvy Card

Once the spending limits have been assigned, team members can start making purchases with the Divvy credit card. The card can be used to make purchases online or in-store. The purchases are automatically recorded in the Divvy account, allowing businesses to track their expenses in real-time.

Benefits of using the Divvy card:

  • Convenient payment method for team members
  • Real-time expense tracking
  • Eliminates the need for reimbursements

4. Categorize Transactions

The Divvy credit card allows businesses to categorize their transactions. This feature makes it easier for businesses to track their expenses and create reports. The transactions can be categorized based on department, project, or any other criteria the business chooses.

Benefits of categorizing transactions:

  • Easier expense tracking
  • Helps with financial planning and forecasting
  • Makes it easier to create reports

5. Review and Approve Expenses

The Divvy credit card allows businesses to review and approve expenses before they are finalized. This feature helps prevent fraudulent charges and ensures that expenses are legitimate.

Benefits of reviewing and approving expenses:

  • Prevents fraudulent charges
  • Ensures that expenses are legitimate
  • Helps with financial planning and forecasting

6. Generate Reports

The Divvy credit card allows businesses to generate reports based on their expenses. The reports can be customized based on the criteria the business chooses. This feature makes it easier for businesses to track their expenses and create budgets.

Benefits of generating reports:

  • Easier expense tracking
  • Helps with financial planning and forecasting
  • Makes it easier to create budgets

7. Pay the Divvy Bill

The Divvy credit card bill can be paid online through the Divvy account. The payment can be made using a bank account or a credit card. This feature makes it easier for businesses to manage their finances and ensures that payments are made on time.

Benefits of paying the Divvy bill online:

  • Convenient payment method
  • Ensures payments are made on time
  • Helps with financial planning and forecasting

8. Divvy vs Traditional Credit Cards

Divvy credit card differs from traditional credit cards in several ways. The Divvy card is designed specifically for businesses and provides greater control over spending. Traditional credit cards do not offer the same level of control and are often associated with high-interest rates and fees.

Benefits of using Divvy over traditional credit cards:

  • Greater control over spending
  • Customizable spending limits for team members
  • Real-time expense tracking
  • No annual fees
  • No interest charges

9. Divvy vs Expense Management Software

Divvy credit card is an expense management tool that eliminates the need for separate software. Traditional expense management software can be expensive and time-consuming to use. Divvy simplifies the expense management process and provides businesses with real-time expense tracking.

Benefits of using Divvy over expense management software:

  • Simplified expense management process
  • Real-time expense tracking
  • Customizable spending limits for team members
  • No annual fees
  • No need for separate software

10. Conclusion

The Divvy credit card is a powerful tool for businesses looking to manage their finances more efficiently and effectively. The card offers real-time expense tracking, customizable spending limits, and simplified expense management. By using the Divvy credit card, businesses can gain greater control over their spending and save time and money in the process.

Frequently Asked Questions

What is Divvy credit card?

Divvy credit card is a unique corporate credit card that helps businesses track their expenses in real-time, control their spending, and simplify expense management. It comes with a user-friendly app that allows employees to make purchases and track their expenses with ease.

Divvy credit card also offers cashback rewards on certain expenses and provides businesses with detailed expense reports that can be exported to popular accounting software.

How do I apply for a Divvy credit card?

To apply for a Divvy credit card, you need to sign up for an account on the Divvy website and provide some basic information about your business. Once your account is approved, you can order a physical card and set spending limits for your employees.

Divvy credit card has no annual fee and no interest charges, making it an affordable option for businesses of all sizes.

How does Divvy credit card help me control my spending?

Divvy credit card allows you to set spending limits for each employee and assign specific categories to their purchases. You can also track your expenses in real-time using the Divvy app and receive alerts when spending limits are reached.

This helps you control your spending and avoid overspending on certain categories. You can also review and approve expenses before they are finalized, ensuring that all purchases are within your budget.

What are the cashback rewards offered by Divvy credit card?

Divvy credit card offers cashback rewards on certain expenses, such as office supplies, travel, and dining. The cashback rewards range from 1% to 7%, depending on the category.

The cashback rewards are automatically credited to your Divvy account and can be used to pay off your balance or redeemed for other rewards.

Can I export my expense reports to accounting software?

Yes, Divvy credit card allows you to export your expense reports to popular accounting software, such as QuickBooks and Xero. This makes it easy to reconcile your expenses and keep track of your finances.

You can also customize your expense reports to include specific categories and timeframes, making it easier to analyze your spending and identify areas for improvement.

How to Build Business Credit with Divvy!


In conclusion, Divvy credit card is a great option for businesses that want to manage their expenses more efficiently. With this card, you can set spending limits, track expenses, and easily manage your budget. Plus, you can earn rewards on every purchase, making it a win-win solution for your company.

One of the key benefits of Divvy credit card is its ease of use. You can easily set up an account and start using the card right away. Plus, the mobile app makes it easy to track your expenses on the go. You can also receive real-time notifications when employees make a purchase, which can help you stay on top of your budget.

Overall, Divvy credit card is a great option for businesses that want to streamline their expenses and save money. With its user-friendly interface and impressive features, it’s no wonder why so many companies are choosing Divvy as their preferred payment solution. So why not give it a try and see how it can help your business grow?

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