What are the requirements for a Divvy business credit card?

The requirements for a Divvy business credit card include having a registered business, providing your Employer Identification Number (EIN), and undergoing a business credit check. You'll also need to connect your business bank account for financial verification.

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In this article, we’ll explore the specific requirements for applying for a Divvy business credit card and what you need to know before submitting your application.

What are the requirements for a Divvy business credit card?

To qualify for a Divvy business credit card, your business must meet specific criteria set by Divvy. These requirements ensure that your business can responsibly manage the credit line provided.

Business formation

Your business must be legally formed in the United States. Acceptable business entities include:

• Corporation
• Limited liability company (LLC)
• Partnership
• Sole proprietorship

Business revenue

Divvy typically requires businesses to have a minimum of $20,000 in a business bank account. Stable and predictable cash flow is essential as it indicates your ability to manage and repay the credit.

Time in business

Divvy doesn't explicitly state a minimum time in business, but companies with at least one to two years of operational history are generally more likely to be approved. A longer business history can demonstrate stability and reliability.

Business bank account

Your business must have an active U.S. business bank account. This is necessary for financial verification and ongoing management of your card account. Divvy uses your bank account information to assess your financial health and track transactions.

Creditworthiness

Divvy assesses the overall financial health of your business rather than relying solely on personal credit scores. Factors considered include:

• Business credit scores
• Financial statements
• Cash flow analysis

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Maintaining a healthy financial profile can significantly enhance your approval odds.

Legal compliance

Your business must comply with all applicable laws and regulations. Additionally, it shouldn't engage in any prohibited industries as defined by Divvy. Ensuring legal compliance helps prevent potential issues and aligns with Divvy’s standards for ethical business practices.

What are the odds of being approved for a Divvy business credit card?

Businesses with stable cash flow, at least $20,000 in a business bank account, and good business credit scores generally have higher approval chances for a Divvy business credit card. The odds of being approved depend on your business's financial health, revenue, and creditworthiness.

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Does Divvy perform a hard pull for a business credit card?

No, Divvy doesn't perform a hard pull on your personal credit when you apply for their business credit card. Instead, they assess your business’s financial health, revenue, and other financial metrics to determine approval.

Get a Ramp Business Credit Card with no credit check or personal guarantee

The Ramp Business CreditCard is an excellent alternative for businesses looking for a corporate business credit card with no credit check or personal guarantee required. 

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Ramp focuses on the financial health and cash flow of your business, offering a streamlined application process that doesn't impact your personal credit score. 

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Features include automated expense management, real-time reporting, integrations with accounting software, and spend controls, offering your business flexibility and efficiency in managing expenses.