Divvy Business Credit Card

Reports to DUN & Bradstreet and SBFE (Small Business Financial Exchange)

This business credit card comes with a spend management tool and provides various options for approval.  This is a fintech business credit card that puts you on the path to building business credit quickly.

With this card, you can receive credit card rewards plus build your business credit.

There is no credit or minimum revenue requirements. They will conduct a business credit check with Dun & Bradstreet and conduct a hard pull on personal credit if your D&B report is not well established. Recommend 660+ personal credit scores before you apply.

Overview/Requirements:

  • Recommend at least $1k+ monthly revenues
  • D&B credit check (personal credit check if D&B is not well established)
  • Personal guarantee - may be required
  • EIN Number
  • Business bank account
  • No annual fees
  • Flexible rewards
  • Automated expense management
  • Virtual card capabilities

Business Credit:

  • Reports monthly to D&B and SBFE (Small Business Financial Exchange)

To apply go to=> http://creditbuilderapply.com

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    No Personal Guarantor

    What is a personal guarantee? A personal guarantee is a written promise from a business owner guaranteeing that payment will be made in the event that the business fails to pay.
    Whether the business enters into a lease, applies for a business loan or line of credit, you’ll find that many creditors will require a personal guarantee to secure financing especially if you’re a small business.
    Corporate charge cards have certain revenue requirements that is large enough and profitable enough that no personal guarantor is required.

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    Obtaining a Corporate Card

    Obtaining a corporate credit card account for your business will often require a conversation with a corporate account manager. Be prepared to provide data and documents about your company's financials, including revenue statements and bank account information prior to applying.

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    Waivable Personal Guarantee Requirements

    In some cases, you don't need to meet million dollar+ revenue requirements to obtain a corporate charge card. A small number of charge cards such as the Smart Corporate Card, Brex & Ramp (listed here) have much lower dollar amounts.
    There are also retail co-branded business credit cards that offer the option to waive the pg requirement such as the Sam Club Business Credit Card.