30 day net vendors

BILL Spend & Expense Card Review (Formerly Divvy Credit Card)

The Divvy card has been making waves as a high-tech, free, business credit card since it first launched. Now, the card has been acquired by Bill.com and rebranded as Bill Spend & Expense — And, as I’m about to show you, it’s even better than that.

This business funding solution offers powerful budgeting software, virtual cards, rewards, and more. But, do they truly deliver on all of their promises, and is the BILL Spend & Expense credit card right for you?…Here, you’ll find the answer.

This is what’s in store:

What is a BILL Card?
How Does a BILL Card Work?
BILL Card Customer Service
BILL vs Ramp vs Brex vs Stripe Capital
Answers to Common Questions
Takeaway: Should You Get a BILL Card?

Get a credit limit from $500 - $5M!

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What is a Bill Spend & Expense (Divvy) Card?

The Bill Spend & Expense card (previously Divvy Visa) offers fast and flexible business credit for “all-sized companies.”

And, there are a handful of edges this card has over most of its competitors:

A user-friendly platform for expense management, budgeting, and bill-pay
The Spend & Expense virtual card offers a modernized credit solution
More frequent payments lead to higher bonus rewards
All services are free for the cardholder (Divvy used to charge for reimbursements — Now that Bill has taken over, those fees are gone)

Since they don’t charge the usual fees to cardholders, the offer makes money by taking a portion of transaction fees charged to the merchant for each purchase.

(When you hear the name, Divvy, you might think of the bike subscription service, stock purchase product, or homebuyer program. The Divvy business credit card was an unrelated offer.)

Recommended: 7 Best Cash Back Corporate Cards to Explore

Bill Spend & Expense Card Requirements

While the talking points above are genuinely exciting, this card (like all financial services) has it’s pitfalls for some people. In the past, Divvy was somewhat elusive about their qualification requirements, but they did share some things about what makes a successful applicant.

At least $20K in an active bank account
A “good” to “very good” credit score
Company based in the United States

Bill Spend & Expense has not likely veered far from these requirements. I would recommend a credit score of 670 to 850 before you apply. Bill is also going to look at your time in business and your company revenue when they consider extending a line of credit.

Divvy Credit Card Limit

What is Divvy credit limit? Bill Spend & Expense

Divvy’s credit card limit was $15 million and based on your business cash flow. The system’s algorithm determined the amount that you are likely to be able to afford in full each month, which would typically be about ⅓ of your monthly revenue. If you were offered a lower limit initially, credit limit increases were offered after consistent on-time payments.

Bill Spend & Expense offers credit limits from $500 to $5 million, based on your revenue at the time of applying. With Bill, you have the option to seek a credit limit raise every 90 days — If your request exceeds $150K, you’ll need to connect your bank account to the platform. And, you may have to provide supplementary financial documents.

Bill Spend & Expense App Overview (Used to be ‘the Divvy App’)

Android users loved the final updates to the Divvy app. In the beginning, their app rating wasn’t so high, but Divvy listened to early user complaints to enhance their mobile features to most cardholders’ liking.

Bill Spend & Expense has left users even a little more satisfied!

People love the app layout and visibility into their expenses. They also appreciate that they can upload and store receipts, categorize business transactions, and manage virtual cards from any device.

Now, let’s dive deeper.

What to Expect When You Apply for a Bill Spend & Expense Card

Your first step on the path to a Divvy account used to be checking out the demo or to applying for business credit. The application process was pretty thorough, yet easy.

With Divvy, you’ll were asked to provide banking information, income, and details about your business to determine the credit limit you could qualify for. I loved their application process because it left no stone unturned and gave you the option to include documentation upfront for a faster decision (But, I was so excited that I didn’t want to wait the three days it took to hear back from an account manager.).

Back then, Divvy assessed income by analyzing business checking transactions and averaging deposits to offer a credit limit of around 30%. No credit score was required; spending limits were based on bank deposits. Some applicants with past overdrafts or high-risk spending behavior were asked for a cash deposit. Even if denied a line of credit, they were typically offered a prepaid option. Upon approval, it took a couple of weeks to receive the card.

The original Divvy card did not require a personal guarantee (it wasn’t backed by the business owner’s credit or assets). Now, the Bill Spend & Expense card pre-approval application does ask for the owner’s credit score, which indicates that a personal guarantee is required. I reached out to confirm, and Bill’s customer service let me know that, “the signer is liable for the account.”

Now, the application process for Bill Spend & Expense card is said to be just as smooth as the original DIvvy card—Though some users have gotten stuck during the app authentication process.

Overall, the application process is said to be similar to how it was when it was Divvy. The major changes are in the card now requiring owner liability and I can’t remember if they charged foreign transaction fees — but they do now.

How Does a BILL (formerly Divvy) Card Work?

If you qualify for a Divvy account, in addition to a new line of business credit, you’ll get access to some helpful tools. Learn more about their exclusive spend and expense management, AP automation, virtual card(s), and above-average rewards.

1. Bill Divvy Spend & Expense Management

Divvy’s spend and expense management platform empowered users to manage business and employee finances efficiently, particularly within specific categories, a feature highly praised by most users. The platform assigned each employee a card with a budget, allowed staff budget limitations on a case-by-case basis, enabled budget increase requests for unexpected expenses, automatically categorized spending, and facilitated receipt uploads within the app. Real-time access to spending reports was also available.

However, to access these tools for free, users needed to spend a minimum of $5,000 of their Divvy credit each month, potentially excluding those with lower budgets.

Payments were automatically withdrawn on the due date, coinciding with statement generation, although some users desired more flexibility, such as payment grace periods and additional time for invoice review.

ApBoth Divvy and Bill Spend & Expense have robust expense management solutions with features such as real-time expense tracking, automated categorization, and integration with accounting software — While the updated platform provides similar functionalities, the specific implementation and user experience will vary from person to person.

You might also like: Corporate vs Business Credit Card: What’s the Difference?

2. Bill.com Accounts Payable Automation

In addition to spend and expense management in the Divvy dashboard, cardholders can leverage Bill’s AP automation technology to streamline their entire accounts payable process.

Import or manually enter your recurring and one-time bills
Simplify your payment approval procedures
Automate payments via ACH, credit card, check, or wire transfer
Sync with your budgeting software

Of course, the AP automation system from Bill is designed to work effortlessly with Divvy’s platform (what the Bill Spend & Expense system is based on), but it can also be used as a standalone service.

You might also like: Is BHG Financial Legit? Business Loans, VC, +More

3. Bill Divvy Virtual Cards

In addition to your physical card, each user can access virtual cards on their mobile device. Instead of a carbon copy of their original card, virtual cards act as a “burner credit card.” These can be particularly helpful for temporary subscription offers where a staff member could forget to cancel their account at the right time.

They’re also handy for high-risk situations wherein a card could be compromised.

Rather than wait a week or more for a new card or multiple cards to arrive in the mail, users can generate a new, 16-digit card number to use immediately for purchases. Plus, virtual cards can make the general business spending experience super secure.

4. Bill Divvy Card Reward Points

Reward points on Divvy card spending have three tiers. Each tier is based on how often the credit is paid off and earned points increase with frequent payments.

Weekly Rewards
1. 7X on restaurants
2. 5X on hotels
3. 2X on recurring software subscriptions
4. 1.5X on everything else
Semi-Monthly Rewards
1. 4X on restaurants
2. 3X on hotels
3. 1.75X on recurring software subscriptions
4. 1X on everything else
Monthly Rewards
1. 2X on restaurants
2. 2X on hotels
3. 1.5X on recurring software subscriptions
4. 1X on everything else

Rewards can then be redeemed as cash back, gift cards, statement credit, or travel (formerly Divvy Travel). Travel rewards can now be redeemed through Bill’s TravelPerk partnership for double rewards.

$1,500 in restaurant spending for an account paid weekly can earn card users roughly $100 for travel, $51 for gift cards, $49 for statement credit, or $52 cash back.

You might also like: What is the Best Credit Card for Ad Spend? Expert Insights

Divvy Card Customer Service

The customer service at Divvy used to receive mixed reviews. Front-end communication was automated through Intercom™. One feature of the platform was that customers had access to their entire conversation, without logging in, from the company’s main website — and the customer service team had access to these conversations as well, which was appreciated.

Bill Spend & Expense utilizes Drift® for their AI chatbot. So, the customer support experience is comparable to how it was with Divvy. It’s not my favorite and support staff isn’t the fastest at responding. But, they do eventually respond.

Additionally, Divvy’s help center was a pretty extensive knowledge base designed to help users with everything from managing cards to reimbursements and more. Now, Bill’s help center is equally robust.

You might also like: Free, Printable Business Credit Application Template

Bill Divvy vs Ramp vs Brex vs Stripe Capital

Now, let’s just take a quick look at how Bill Divvy stacks up next to Brex, Stripe, and Ramp (all of which are free). Find out if this offer holds its ground.

And, while Stripe and Brex don’t have the same level of built-in advanced expense tracking as Bill (Divvy), they provide other standout features — For example, Brex can be used like a bank account with no ACH transfer fees and Stripe enables you to see your business income and expenses in one unified dashboard.

Bill Spend & Expense charges foreign transaction fees and requires a personal guarantee, which takes it down a couple notches compared to competitor offers. But, if these things aren’t important to you, the high rewards could make it the right pick.

You might also like: Brex Card Review: Is This Corporate Card Offer Too Good to Be True?

Frequently Asked Questions

Does Divvy report to credit bureaus?

Yep. An awesome feature of Bill Divvy Spend & Expense is that they do report on-time payments to the Small Business Financial Exchange (SBFE). The SBFE then reports your payment behavior to Dun & Bradstreet, Equifax, Experian, and Lexis Nexis Risk Solutions.

What kind of card is Divvy? Credit card or charge card?

Divvy (now Bill Spend & Expense) is a corporate credit card, which means that payments are made in full shortly after the funds are used.

Is Divvy a line of credit?

As a corporate card, Divvy Bill pend & Expense offers credit, but the terms are not revolving, and used funds must be repaid in full each billing cycle.

Do you have to pay Divvy in full?

Yes, all payments must be made in full, since Bill Spend & Expense does not offer revolving terms.

Is Divvy a Visa or Mastercard?

The Divvy Bill Spend & Expense card is powered by Visa.

What bank does Divvy use?

Bill.com (previously Divvy) issues Spend & Expense cards in partnership with Cross River Bank out of Ft. Lee, New Jersey. The bank was founded in 2008 and is a subsidiary of CRB Group, Inc.

How much money do you need for Divvy?

Your business deposits should exceed $5k per month to qualify for a Bill Divvy card.

What credit score is needed for a Divvy card?

Bill Divvy cards now requires a personal guarantee, so there is a minimum FICO score required for qualification. Authorized signers should have “good to very good” credit to qualify. And, they report accounts to business credit bureaus, so you can build your business credit score with responsible payments.

Does Divvy check your bank account?

Yes. During the application process, Bill.com looks at historical deposits made to your business bank account when determining whether you are eligible for credit. They require a minimum of $5k in monthly revenue.

Can you withdraw money from a Divvy card?

No, you can’t draw a cash advance on a Bill Divvy card, nor can you withdraw funds out of a Bill Spend & Expense account from an ATM.

Takeaway: Should You Get a Divvy Card?

Like all financial offers, Bill Divvy Spend & Expense has its own set of pros and cons. So, if you’re wondering if you should take advantage of the offer, ask yourself the following:

Does your monthly business spending exceed $5K?
Does your business employ multiple staff members with spending privileges?
Are you able to pay your expenses in full each month?

If you answered “yes,” the Bill Spend & Expense credit card could be great for you. I love this card, and do recommend you check it out. So, sign up now to view the credit line you could qualify for.

And, if you’re interested in learning how you can obtain up to $100K in business credit in as few as 30 days, join Business Credit Workshop today.

Summa Office Supplies: Should You Leverage Net 30 Terms for Your Business Purchases?

By Joe

Recently, we published a review of Crown Office Supplies as an early step on the business credit building journey. We discussed why you should be interested in the brand’s net 30 offer and outlined what to expect once you are approved. Now, we’re going to look at one of Crown’s top competitors in the business place products arena: Summa Office Supplies.

The aim here is to answer the most pertinent questions about this merchant so that you can decide whether to utilize their net 30 terms to establish foundational business trade lines of credit.

Here’s what’s in store:

Summa Office Supplies Catalog in a Nutshell
Summa Office Supplies Net 30 Terms
- Tier-One Qualification Terms
- Tier-Two Qualification Terms
4 Steps to Take Right Now

Now, let’s gather more of the puzzle pieces so you can start to see a complete picture of what your Summa experience might be like.

First, the Summa Office Supplies Catalog in a Nutshell

Nearly every business needs office supplies, which makes Summa a natural option for online shopping. The vendor advertises eight product categories to shop:

Pens, Pencils, and Markers
Filing Folders
Envelopes
Markers
Tape and Adhesive
Labels
Legal Pads
Correction Supplies

With Summa Office Supplies, you’ll find the major brands you should expect like Bic, Scotch, Sharpie, and more. While seemingly ordinary as far as stationery and other workplace supply retail is concerned, there is a catch.

The first drawback to this retailer is that you will need to register a business account to see the catalog. You probably want to determine whether you’ll find everything you need before you go through the trouble (although most Summa Office Supplies reviews report that registration is a breeze). There are two tiers for Summa accounts, each with varying catalog sizes.

Tier one business shoppers will have access to a smaller product selection while those in tier two are able to access the entire catalog. Some business owners have not been satisfied with the first-tier catalog. Others have been able to purchase useful digital products like anti-virus software, MS Office, and educational materials.

Next, Summa Office Supplies Net 30 Terms

So far, we’ve mentioned Crown and Summa here. These merchants are legitimate net 30 vendors who report payment history to major business credit bureaus. When you purchase under these terms and pay your account(s) in full and on-time, your positive behavior will be reported. And, this will increase the chance for you to obtain higher revolving credit lines for your company in the future.

Net 30 accounts that are reported to Dun & Bradstreet (D&B) and other business credit bureaus have a few things in common:

They offer a “buy now and pay later” option for businesses to get the supplies and equipment they need to operate.
All payments are due in full within 30 days after your order. Some vendors offer net 45 and net 55 accounts wherein full payments are due within 45 and 55 days after an order respectively.
A company’s payment behavior, including on-time, late, and delinquent, will impact a legal entity’s business credit score(s).
Typically, there is a minimum purchase amount to report.

And, each vendor has terms that are a bit different than the others. In the case of Summa, the minimum qualification terms and benefits vary from competitor offers and between the two internal tiers.

For a brief comparison of comparable offers from a couple of other vendors, read this office supplier net 30 competitor analysis.

For both tiers, Summa Office Supplies’ accounts require the following:

Business credit union or bank checking account
Legal business entity and any required business licenses *in good standing*
EIN number from the Internal Revenue Service
DUNS number from D&B
Identical business address on all documents
$75 minimum purchase for reporting to business credit bureau(s)

And, the usual starting limit for Summa’s net 30 accounts is $2,000. You can potentially qualify for enough credit to buy as many post-it notes and boxes of manilla envelopes as your heart desires while laying the foundation for the ideal business credit score.

Remember that not paying as agreed on purchases will have a negative impact on your business credit score. As far as the business credit bureaus are concerned, on-time payments signal positive and responsible behavior for this type of account, no matter what price you pay.

Next, find out what’s not equal within each tier.

1. Tier-One Minimum Qualification Terms and Summary

The first net 30 tier offer from Summa is the easiest to qualify for, hence it is customarily a fit for newly-established businesses. No personal guarantee is required. This means that your personal credit will not affect your ability to obtain a line of business credit and your account will not be reported on your personal credit profile.

As stated previously, the product offer for Summa’s tier-one accounts is limited and made up primarily of digital products and software. And, all payments for purchases above the $75 minimum will be reported to Equifax Business.

After making on-time payments for a brief time, companies are often able to graduate from tier-one to tier-two. So, if you are new to the game and your options limited to the lower rank, don’t think of this as a permanent fail — this type of account can be the perfect stepping stone for early-stage business credit building in various situations.

2. Tier-Two Minimum Qualification Terms and Summary

Now, Summa’s second net 30 tier has slightly more stringent minimum qualification requirements and is typically a better fit for established companies. And, for an account at this tier, a personal guarantee (PG) may be required by the vendor.

In this case, the person listed on the application will be personally liable for any debts incurred should the financial obligation not be met on-time. Furthermore, tier-two net 30 accounts from Summa might appear on applicants’ personal credit reports.

But, here’s the best part: All payments (and any missed payments) toward purchases greater than $75 on this type of account will be reported to D&B. Since this is the credit bureau that most business lenders turn to for information about a company’s creditworthiness, an account at this level will have an optimal impact on your PAYDEX score (credit grading system used by D&B).

Who does Summa Office Supplies Report to?

Now, 4 Steps You Can Take Right Away

Summa Office Supplies is a leading net 30 vendor that you can take full advantage of for the purpose of boosting your business’ credit score. Despite the general consensus that this particular merchant’s product offering could afford to be built out, this is definitely a valuable offer. On-time payments made on orders with prices as low as $75 can bring you a step farther along the path to a perfect business credit score.

Now that you know more about the net 30 account options that Summa has to offer, here are steps you can take to raise your business credit score starting right now:

Register an account with Summa Office Supplies. Be certain that your business address is accurate and that it is printed exactly the same across all of your documents (including all licenses and business profiles).
Determine which of Summa’s net 30 tiers your business is most likely to qualify for and decide whether this vendor is appropriate for you. You will have access to more related information following registration than you can find on the website when browsing as a guest.
Either apply for and accept the net 30 terms that Summa offers… …OR… ..Select a trade line that is better suited to your business needs. If you choose the latter, be certain that the vendor you pick reports payments to D&B and that you are informed about any terms and conditions that might stand in the way of reporting.
Discover how you can get $100K in revolving business credit in as little as 30 days and gain immediate access to member-exclusive content (including a comprehensive list of net 30 vendors that report on-time payments to D&B) by enrolling in Business Credit Workshop.

How Can Crown Office Supplies Help You Build Business Credit?

By Joe

When you start on your business credit building journey, shopping with net 30 vendors that report to D&B should be one of your first steps. While Crown Office Supplies isn’t your only option, purchasing from this brand using 30-day net terms is becoming a popular way for businesses to improve their credit scores. So, I want to share everything you need to know to decide if their short-term financing program is right for you.

Here’s what you’ll find.

A Full Crown Office Supplies Review
- What is Net 30 and Why Should You Care?
- Competitor Analysis
Final Thoughts

Keep reading to find out how Crown Office Supplies can help you on your path to obtaining higher business lines of credit.

NET 30 Application - Crown Office Supplies

Get a NET 30 Account powered by dun and bradstreet.

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A Full Crown Office Supplies Review

As the name suggests, Crown Office Supplies sells stationery, writing utensils, filing cabinets, and other materials you might need to use in the workplace or in a classroom. So, they are an obvious choice for any business to shop with.

Another bonus perk of shopping with Crown Office Supplies is that they have a referral program. If you refer a friend or colleague to shop on their website, you can earn $15 in cash.

But, how do they stack up against competitors for building business credit? And, what kind of impact can their trade line of credit have on your business credit score?

Now, let’s examine the brand’s complete offering.

What is Net 30 and Why Should You Care?

If you’re not familiar with net 30 terms, basically this just means that you buy now and pay later. In the case of net 30 terms, you must pay in full within 30 days. In the case of net 45, you would need to pay in full within 45 days and so on.

Crown Office Supplies enables businesses to apply for a net 30 account. While this is a convenient option for companies who might not have the immediate cash flow to pay for supplies, the true beauty is that on-time payments to a company that reports to business credit bureaus can result in a boost for your business credit score. Crown Office Supplies is one such company.

Both established and new businesses can leverage net 30 terms from Crown Office Supplies.

How to Apply for Net 30 Payment Terms

If you want to leverage net 30 terms from Crown Office Supplies, here’s what you need to do. Before you apply, you need to get a few items out of the way.

Form a legal business entity in your state.
Apply for an employer identification number (EIN).
Get a DUNS number.

After that, you’ll visit the Crown Office Supplies website and navigate to the Net 30 Application. Then, fill out the application with your information and read the terms carefully before your submit.

Crown Office Supplies will contact you via email to let you know whether or not you have been approved for financing. Once you are approved, you simply shop for supplies you need to run your business thend pay your balance in full each month.

Who Does Crown Office Supplies Report to?

At the very least, when utilizing net 30 terms to build business credit, you want to work with vendors who report to Dun & Bradstreet (D&B). D&B is the bureau that most banks and credit unions look to when deciding whether or not to extend credit to a business. Fortunately, Crown Office Supplies reports on-time payments to five business credit bureaus:

Dun & Bradstreet
Experian Business
Equifax Business
CreditSafe
National Association of Credit Management

Crown Office Supplies Reporting Agencies

So, you can rest assured that your payments will be reported to every possible business credit monitoring agency. This is excellent news. No matter which bureau your lender uses, they will be able to see your responsible credit behavior as soon as it’s reported.

When Will On-Time Payments Be Reported?

As with most net 30 vendors that report on-time payments to business credit bureaus, Crown Office Supplies will report on-time payments regularly. In this case, payment history will be reported every 30 days. So, in as little as a month, you could have a tradeline reporting on your credit reports.

Competitor Analysis

It’s possible that you’ll find better pricing for office supplies at major retailers like Costco, Walmart, or Amazon, that’s not what we’re looking at here. Direct competitors report on-time payments on trade lines of credit to business credit bureaus. Crown Office Supplies’ key competitors are Quill and Summa Office Supplies.

So, how do these three brands compare?

Quill, Summa, and Crown Office Supplies offer net 30 terms. Plus, when you make on-time payments to these vendors, they will be reported to D&B as well as Experian and Equifax’s business monitoring bureaus. For building credit, one office supply vendor is not necessarily better than another.

However, there are stipulations you must meet to leverage net 30 terms.

Crown Office Supplies’ annual fee is $99 (which is also reported to business credit bureaus).
Quill requires that you order $100 or more in products per month over a three-month period before you qualify.
Summa Office Supplies has a minimum $75 order requirement the first month for eligibility.

So, choose the vendor that meets your product and budget needs.

Final Thoughts

When establishing your first five trade lines of credit, Crown Office Supplies could be an excellent vendor to establish net 30 terms with. And, as long as you make on-time payments, this will have a positive impact on your credit score.

If you’d like to learn exactly how to leverage vendors like this to boost your D&B score and to obtain up to $100K in business credit in 30 days, enroll in Business Credit Workshop today.

Just Added last month’s Ask Joe Webinar Replay!

By Joe Lawrence

Hi Everyone! I just added the most recent “Ask Joe! Call” to our business credit blog. This call was awesome. We covered a lot, including:

What to do after getting an 80 paydex score
- Paydex score is one of the business scoring models from Dun and Bradstreet.
- The range is from 0 to 100. 0 to 79 means the business pays late.
- An 80 paydex score is a perfect business credit score as it means your business pays on time!
- 81 to 100 (not often seen) means that the business pays early.
How to get business license
- It’s important to make sure your business is in compliance
Updated list of 30 day / net vendors that you can use to boost your business credit profile
How to activate your Duns #
- After getting your FREE Duns Number, you’ll want to activate it!
How to effectively use a credit partner
And a lot more!

You can view the webnar at “Listen to Coaching Calls” –> “Ask Joe Webinars – Secret Archive!”. Or click here

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APR	0%	0%	0%	0%
Fees	$0	$0	$0	$0
Pay in Full Terms	Monthly	Monthly OR Daily	Monthly	Monthly
Virtual Cards	✅	✅	✅	✅
No Personal Guarantee	✅	✅	✅	⛔
No BusinessCredit Check	✅	✅	✅	✅
Cashback Rewards	2% on two top spend categories	1-7X Points on all spending	2% on all purchases	1-7X Points on all spending
No Foreign Transaction Fees	✅	✅	✅	⛔
Reports to D&B	✅	✅	✅	✅