![]() ![]() The company provides funds for small businesses as well as tools to manage spending and budgets. Mercury is available for LLCs and corporations but not informal businesses like sole proprietorships. What is Divvy Divvy is a spend and expense management platform for businesses with the added benefit of a business credit card. To qualify for a Mercury corporate credit card, you will need to have a personal credit score of 640+ as well as a Mercury bank account for your business. With Mercury’s convenient user dashboard, you’ll be able to perform a wide range of expense management tasks, including managing employee cards and tracking expenditures by spend category. Mercury does not charge annual fees, setup fees, or late payment fees. ![]() Those features aside, the Divvy card doesn’t look so different. And while other cards do let you have employee cards with some control over them, Divvy’s unlimited employee cards and robust budget and expense management features do stand out from the crowd. With a Mercury corporate card, the only fee that you will pay is a currency conversion fee on foreign transactions. The Divvy business card, on the other hand, makes you pay your full balance each month. This includes a straightforward rewards scheme that provides 1.5% cash back on all purchases, a user-friendly dashboard complete with numerous tools for managing your account and business expenses, and a near-complete lack of fees. If you are looking for the best credit cards for startups, there is a lot to like about Mercury’s corporate credit card. Currency Conversion Fee: 0.2% of the total transaction.Cross-Border Fee: 0.2%–0.9% for foreign transactions.Accounting automation and expense management features.Divvy does not require a personal guarantee. To qualify for a Divvy corporate card, you will need to have either a good or very good personal credit score along with $20k+ in your business bank account. Aside from this late payment fee, the only fees that Divvy charges are fees for currency conversions and cross-border transactions. However, there is a late payment fee of 2.99%. Depending on your payoff frequency, Divvy allows you to receive up to 7x points on restaurants, 5x points on hotels, 2x points on recurring software, and 1.5x points on everything else.ĭivvy does not charge any annual fees or setup fees. The company offers platform lending, and payment solutions in addition to the card program Peculic oversees. Expanding access to financial services is always the goal, said Anthony Peculic, Head of Cards at Cross River. Divvy is an excellent corporate credit card that offers useful expense management features, a generous rewards scheme, and an impressive lack of fees. In 2023, Cross River was also selected as the Best Banking-as-a-Service platform by FinTech Breakthrough Awards. ![]()
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