The Best Divvy Alternatives For Businesses

Unlike some corporate cards with complex rewards schemes and tiered rates, Ramp makes it simple. Every purchase you make with the Ramp credit card delivers 1.5% cash back. Rewards appear as a statement credit.

Ramp also offers users up to $175K in exclusive deals, discounts, and welcome offers from partners. These partners include Amazon Web Services, Slack, Rippling, Secureframe, Pulley, and more.

Alongside its corporate card, expense management tools, bill payment, and accounting automations, Ramp promises automatically generated savings insights that rely on algorithms to notify users of duplicate subscriptions, redundant software purchases, lower pricing tiers, and more.

Ramp corporate card also includes these features:

• Unlimited physical and virtual cards for employees
• Daily, monthly, and one-time spending limits per card
• Mobile app for iOS devices
• Spend tracking
• Spend request tools that work via email, SMS, or Slack
• Out-of-pocket reimbursement requests
• Accounting integrations with NetSuite, Xero, QuickBooks, and Sage Intacct
• HR integrations to automate onboarding and sync employee details

One of Ramp’s best features is its pricing. It’s completely free. You will avoid all the most common fees, including setup fees, late fees, annual fees, foreign transaction fees, and employee card fees. There are no added costs for using Ramp’s expense management software, spend controls, or other features.

Unfortunately, not every business will be able to use Ramp. You will not be eligible if you run your business as a sole proprietorship or if your business is unregistered.

Although Ramp does not require a personal guarantee, your company’s cash balance, cash flow, and other financial details will be examined. Ramp requires businesses to have at least $75K cash on hand.

Every Brex card user will earn a minimum of 1x rewards. If you qualify for Brex’s top rewards program, you can earn points bonuses of 8x points on rideshares and taxis, 5x on Brex Travel, 4x on restaurant purchases, 3x on software subscriptions, and eligible Apple purchases, and 1x on everything else. If you don’t qualify for the exclusive program, your earnings will be at 1x.

And if you opt for weekly or monthly payments instead of daily, you’ll receive 1 point less per dollar spent in most of those bonus categories. Points never expire and can be redeemed for cash back via Brex Cash, applied to purchases through Brex Travel, or for statement credit, gift cards, or crypto.

Brex also delivers exclusive offers from various partners worth $150K+. That includes partner offers from Amazon Web Services, QuickBooks, UPS, Gusto, Slack, and more.

Far more than simply a corporate card, Brex delivers a suite of fintech tools to help companies manage their complex finances. This includes the charge card, a high-yield cash management account called Brex Cash, expense tracking, spend controls, and automatic bill pay.

Brex’s feature set is built around the goal of helping businesses track where and how employees spend money. Here’s a sampling:

• Free physical and virtual cards for employees
• Card controls that can be tailored for each subscription, vendor, and employee
• Spend tracking in real-time
• Mobile app for iOS and Android that lets you deposit checks, approve payments, and manage cards
• Receipt matching via the mobile app, text, and email
• Travel perks include 24/7 concierge assistance
• Automatic invoice payment
• Spend controls that include custom expense policies and alerts to help you manage employee spending

Brex is free to use, with no annual or account fees, global ACH fees, or wire transfer fees. Employee cards are free, too.

Since Brex includes significant travel rewards, it’s important to note that you’ll pay $0 foreign transaction fees when you use the Brex card internationally. That compares favorably to Divvy’s 0.20% currency conversion fee.

Brex is available only to US-based C-Corps, S-Corps, LLCs, and LLPs. To apply to use Brex, you will need to supply an EIN for your business, but you won’t need a personal guarantee or credit check.

Brex maintains a list of prohibited and restricted activities, including traditional high-risk businesses. If your business is typically classified as high-risk, be sure to check Brex’s limitations.

If you wish to earn the highest rewards rate in Brex’s exclusive category, you will need to pay off your Brex account daily, but you won’t need to meet a minimum cash requirement. If you want to pay weekly or monthly, you’ll need a minimum of $50,000 in the bank.

When you choose Rho as your corporate card, you can choose the rate at which you’ll earn rewards based on how often you want to pay off your balance. Terms can be adjusted up to four times a year, so you can structure repayments based on your cash flow. That flexibility is one of Rho’s standout features.

Here’s Rho’s tier structure:

• 1.75% cash back if the balance is paid daily
• 1.50% cash back if the balance is paid monthly
• 0.75% cash back if the balance is paid every 45 days
• 0% cash back if the balance is paid every 60 days.

If your company does significant business overseas, it’s important to note that Rho does not pay cash back on international purchases.

If you use Rho’s business banking services (checking and treasury accounts), you will earn a rate of return below the national average.

Rho’s APY is listed currently at 0.01%.

Rho takes a slightly different approach, combining its corporate card with commercial banking and accounts payable services. Rho is not a bank and works with partner institutions to offer FDIC-insured banking services.

Like other corporate cards on this list, Rho offers some useful spend management tools for businesses. Here’s a roundup of Rho features:

• Physical and digital cards for employees
• Spending limits and restrictions
• Transfers and deposits to commercial bank accounts via ACH, wire transfer, mobile check deposit, and linked bank accounts
• Bill payment via automated accounts payable lets you receive, approve, code, and pay invoices within the Rho platform
• Global payments via fee-free USD wires to 161 countries, plus foreign transactions via global currencies with a 0.5% fee
• Auto-synced accounting with QuickBooks, Sage, and Wave via Plaid
• Spending categories

Overall, Rho offers relatively few fees. You’ll pay nothing for ACH deposits, domestic wires, international wires in USD, bill pay, additional cards, and card transactions domestically and internationally. Two fees you may encounter: a wire recall fee of $30 and a 0.5% fee for wire transfers in foreign currencies.

Rho doesn’t have high credit requirements for users, and you won’t need to put up a personal guarantee to use Rho so long as you are 18 years old and your company is incorporated in the US. Depending on your ownership structure, you may need to maintain an account balance between $50,000-$100,000.

Rho does not work with businesses in high-risk industries.

When you choose American Express for your corporate credit card, you’re not locked into using one type of card exclusively. You can mix and match to meet your employees’ spending and travel habits. Each card has different rewards, including Hilton Honors status, flight discounts, Uber rewards, credits for services such as airline clubs and Global Entry, and cash rebates.

Your exact rewards scheme will be unique to your business if you use any of the first three cards listed above. If you choose the Business Extra Corporate Card, you’ll net 4 points for every $20 you spend on eligible American Airlines flights, and 1 point for every $20 you spend on eligible purchases.

Every Amex corporate card account offers spending insights, employee limits, and flexible rewards. Here is a rundown of Amex features:

• American Express @Work offers insight into employee spending and allows you to control it
• Flexible rewards can accrue to individual employees as cash back or points earned or as a monthly credit on the centrally billed statement
• A streamlined expense submission process
• Real-time alerts for unusual employee expenses
• Customized, industry-specific spending insights
• Virtual cards via American Express Go
• Automated Payment Solutions lets you earn rewards through accounts payable

American Express corporate cards come with annual fees ranging from $75-$250. Some Amex cards charge foreign transaction fees, while others do not.

Amex corporate cards are available for different types of corporations, including C-Corp, S-Corp, and LLC. Some nonprofits and government agencies may be eligible.

Amex will look at your company size, annual revenue, and anticipated annual spending, among other factors, when determining your eligibility and credit limit. In general, applicants must be US-based and 18+ years of age, with a minimum of one year in business and a physical address.

The richest rewards are available through the One Card, which offers unlimited points on purchases earned at a rate of 1 point per $1. There’s no maximum on the points you can earn, and they never expire. Points can be redeemed through the J.P. Morgan portal for cash back, travel expenses, gift cards, and merchandise. And you can choose to keep all points earned in a central corporate pool or use them as an employee reward.

The features of J.P. Morgan’s corporate card vary, depending on which card you choose. Here are some highlights of each card:

• J.P. Morgan Corporate card includes user-friendly tracking and reporting software.
• J.P. Morgan Purchasing card includes data analysis to aid your payment strategy and enable strategic adjustments as needed. Program-level and individual controls let you contain employee spending.
• J.P. Morgan One Card includes web-based tools for transaction reporting and data management. Employee cards come with control options, extensive reporting, and integrations with your accounting or ERP software.

J.P. Morgan does not disclose the fees for its corporate cards.

The company does not list its eligibility requirements. If you’re interested in a J.P. Morgan corporate card, you will have to contact the company online.

However, a tool on the company’s website steers users toward the right card based on annual sales. This tool indicates that companies making less than $10 million/year will be steered toward the One Card.

Airbase offers two credit options: a pre-funded card that offers 2.2% back on purchases and a charge card that offers 1.6% cash back. These cards are available with no credit check or personal guarantee and boast no interest or fees. The rewards are available on all purchases, regardless of category.

If you choose the charge card, you can take up to 30 days to pay off your charges.

Airbase also partners with American Express, integrating Amex cards into the platform, so you can use Airbase without switching cards.

The Airbase offers features in three areas: bill payment, corporate cards, and expense reimbursement. Using Airbase, the company claims, lets users add visibility and control across these areas, utilize automations, and clean up your possibly messy financial stack.

Here is a sampling of what that looks like:

• Consolidation of all non-payroll expenses, including spending, purchase orders, invoices, and expense reimbursement
• Integrations with accounting software
• Make payments from one “command center” via check, ACH, card, international wire, and vendor credits
• Set expense policies and rules that the system can enforce
• Employee spending requests and reimbursement via workflows
• Automatic formation of audit trail
• Automated bill creation, categorization, payment scheduling, accruals, and amortizations
• Real-time reporting, with notifications via the web, email, mobile app, and Slack

You can use Airbase Essentials for $0/month. The Essentials version is aimed at companies with about 100 employees. Two paid versions, Growth and Enterprise, target companies with up to 500 and up to 3,000 employees. The paid versions unlock additional features, though it’s important to note that the free plan is surprisingly robust. Pricing is available by custom quote only.

Airbase is open to all business types. If you want to use the corporate card, your credit profile may steer you toward the pre-funded card rather than the charge card.