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To give yourself and your business the best chance for success, compare these four choices among the best business credit cards for startups. Between fees, rewards, and other features, taking your time to research your options could pay off to the tune of thousands of dollars.Īs you do your homework, remember that not all corporate credit cards are meant for startups or small businesses. And as it turns out, the card you use to spend that money can have a major impact on your business.Ĭomparing the best corporate credit cards for your startup can feel overwhelming, but resist the urge to snag the first one you find. The Cross River-Divvy Card partnership enabled Divvy to scale its business and has contributed to the elimination of expense management burdens for thousands of businesses across the US.Searching for the best business credit cards for startups? You've come to the right place.Īs they say, you have to spend money to make money. Within the last year, Divvy Card spend has doubled (Jan 2022 - Jan 2023) and the overall program has grown over 1800% since going live. Since the Divvy Card launched in May 2021, Divvy has supported countless small businesses across the country. Tools for reimbursements for out-of-pocket expensesĬross River’s strong relationships with card networks and processors, its flexible program which allows integration with any processor of choice, and its dedicated implementation management team, ensured a powerful solution for Divvy’s specific needs. Instant virtual card issuance capabilities Plus, business owners can approve employee requests for reimbursement for out-of-pocket expenses.Īutomatic spend tracking capabilities for card purchasesīudget controls to help manage employee spend Companies can also set individual spending limits for every cardholder within each budget category. These budgets can be set up using a variety of parameters such as event, team, location, or vendor.
Divvy business credit card full#
Divvy’s choice of Marquetta as processor and Visa as card network, exemplifies a customized cards program execution with full optionality and flexibility.ĭivvy’s customers can now create recurring or one-time spending budgets. They were also able to select which one of the three major card networks to use. Divvy was able to choose between using one of Cross River’s processor options or their own choice of processor. The Divvy Card was brought to market through Cross River’s complete card BIN sponsorship. The Solution: Divvy Card issued by Cross River Charge cards also allow businesses to enable credit limit allocations based on employee or card and help restrict transactions as needed, all incorporating Cross River’s compliance and risk management framework. With Divvy offering these cards, businesses would have the opportunity to capture charge card interchange revenue, which is often higher than debit interchange – creating an additional source of revenue. As an example, travel & entertainment purchases, a significant portion of a business’ expenses, tend to have better acceptance with charge cards than with debit cards. Using charge cards specifically would not only integrate real-time transaction data into Divvy’s existing software, a pillar for more informed decision making, but also would enable a smoother transaction journey for the customers who use them. For Divvy, cards would be an extension of their robust expense management platform. When Divvy was looking for a new banking partner, it was key that the partner they would choose could provide more than just a simple bank charter for card programs.ĭivvy understood the importance of issuing cards to help business owners with their business spending needs and provide access to credit. This provides Divvy’s customers with detailed insight into their expenditures, real-time tracking for every business transaction, and improved cash flow.Īn opportunity for customized charge cards In an effort to create additional value for their customers, Divvy partnered with Cross River to provide access to credit through custom charge cards. The Divvy platform allows businesses to manage payments and subscriptions, build strategic budgets, and eliminate the need to build meticulous expense reports. Divvy: a solution for business expense managementĭivvy is known for giving businesses greater visibility into expenses.
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