Divvy VS Brex Comparison 2023

Divvy and Brex are two top corporate credit cards.

And if you’re looking for a corporate card, you may be wondering which is better: Brex or Divvy. This Divvy vs. Brex comparison will give you the information you need to decide if Divvy or Brex is the right corporate card for your business.

Divvy Visa VS Brex Mastercard

Brex and Divvy are competing corporate cards offering valuable rewards and expense management tools. Which comes out ahead in a Brex vs. Divvy comparison? And is the Brex Mastercard better for your business, or does the Divvy Visa make more sense for you?

Before we can answer those questions and help you choose the best corporate card for your business, let’s start with an overview of both corporate cards.

What Is The Divvy Visa Card?

Owned by BILL.com and now rebranded as BILL Spend & Expense, Divvy is a fintech offering a corporate Visa credit card with up to 100 free cards for employees, spend management and expense management tools and accounts payable automation.

Like Brex, this corporate card is a charge card and not a credit card, so users are not allowed to carry a balance and won’t have to pay interest.

BILL Spend & Expense offers users a flexible rewards scheme based on how often they choose to pay off their purchases. The highest rates are reserved for users who pay weekly, with rewards included at lower rates for users who pay twice monthly or monthly payoff terms.

What Is Brex?

Brex aims to be the sole financial services provider your business will need, with a cash management account (formerly called Brex Cash, now known as Brex business account) and its Brex Mastercard. Like Divvy, Brex’s card is a charge card, not a credit card, so you can’t carry a balance, and you won’t pay interest.

Users who want to earn the highest reward rates will agree to make Brex their exclusive corporate card and pay their balance daily to earn the highest rewards. If you don’t qualify for the exclusive program, you’ll still earn rewards on purchases but at a lower flat rate of 1 point per every $1 of spending.

Divvy VS Brex: 8 Key Differences

Brex and Divvy have more in common than differences. However, these two corporate card companies differ in a few key areas. Here’s a “cheat sheet” with some important differences you’ll want to be aware of:

Divvy VS Brex Eligibility Requirements

A Divvy vs. Brex eligibility comparison is complicated by the fact that Divvy lacks transparency in this area. Divvy does not disclose its eligibility requirements beyond stating that businesses wanting to use what’s now known as the BILL Spend & Expense card must have a US bank account and a US EIN.

To find out if your company is qualified to use this card, you’ll have to sign up for a demo. Signing up for a demo involves sharing information about your company, including your own first and last name, email, and phone; your company name; your job title; and how many employees your company has.

Brex, on the other hand, is more transparent about its eligibility requirements. The Brex credit card is available only to corporations (C-corp, S-corp, LLC, and LLPs). Brex states that it will assess your company’s business model, source of funds, spending patterns, and other areas of concern. Aimed at investor-backed startups, Brex requires applicants to have either $1 million or more in annual revenue or at least 50 employees.

One important difference in eligibility requirements is that Brex is available only to US-based businesses. BILL Spend & Expense is willing to issue cards to international companies that have at least one US owner with a minimum 25% ownership stake.

Brex VS Divvy Services & Features

Both Brex and Divvy offer a broad feature set that puts them at the forefront of the corporate card sphere. Comparing these cards reveals a couple of important differences in features, however. For one thing, only Brex includes a cash management account in the form of Brex Cash. This CMA allows Brex to offer its customers instant access to cash from sales made on a linked platform.

Although Divvy offers integrations, too, it does not include links to POS software and eCommerce platforms, as Brex does. Depending on your business model, that could be an important consideration. Despite these differences, both Divvy and Brex offer robust features in the area of automatic expense tracking, card controls, bill payment, mobile apps, and more.

Let’s look at a few specific features to see how the Divvy credit card’s features stack up against Brex’s credit card features.

Divvy VS Brex Pricing & Fees

If there is one area of the Brex vs. Divvy comparison where a clear difference emerges, it’s pricing and fees.

Simply put, Brex is free to use. There are no annual or account fees with Brex, and there are no fees for global ACH or wire transfers. Brex also offers fee-free foreign transactions as well as free cards for employees. Brex users also don’t have to worry about overdrafts or late fees.

Not so with the Divvy card.

While it’s true that BILL customers avoid a host of fairly typical fees, a couple of inconvenient fees do pop up. Divvy users will pay no upfront fees, no account or annual fees, and no fees for employee cards. There are two fees associated with foreign transactions: a 0.90% cross-border fee for US-based accounts (this fee drops to 0.20% for Canadian accounts) and a currency conversion fee of 0.20% for all accounts. Additionally, Divvy charges a late payment fee of 2.99% or $38, whichever is greater.

Notably, Brex includes free bill payment services for all users. If you want to use your Divvy account for bill payment, you’ll need a paid subscription to BILL to do so.

Of course, these fees may not impact your Divvy vs. Brex deliberations. For some, though, the difference in fees could be a deciding factor.

Do Customers Like Divvy Or Brex Better?

In the past, both Divvy and Brex have had a majority of positive reviews from users.

On Trustpilot, 561 reviewers have given Brex a composite 3.2/5 stars rating. On the same review site, Divvy has a composite of 3.1/5 stars, with 447 reviews. Notably, on Trustpilot 75% of the reviews rate Brex “Excellent” compared to just 51% rating Divvy that way.

Divvy’s ratings are still majority good on G2, at 4.5/5 with 1,130 reviews. Brex has 1,125 G2 reviews and a composite 4.5/5 star rating.

We note that a high number of the 1-star ratings on Trustpilot are from would-be users who became frustrated by the lack of transparency around Divvy’s application process and what’s described as overly rigorous requirements for applicants and unexplained rejections.

Of course, the Divvy reviews from users could go up or down following the corporate card’s rebranding as BILL Spend & Expense. Although BILL promises very little about the card will change, we notice three key differences already, immediately after the rebranding:

1. Bill Payment: Divvy included free bill payment services; BILL now requires a separate paid account for bill payment.
2. Rewards: Users may react negatively to the changes in Divvy’s rewards scheme, especially if they discover that all their accrued points have vanished because they unintentionally violated the new requirements.
3. Partner Perks: After rebranding Divvy, BILL eliminated thousands of dollars worth of perks, discounts, and special offers from software providers and other business partners.

Overall, Brex maintains a fairly steady rate of user satisfaction. Whether Divvy, now known as BILL Spend & Expense, continues to deliver to its users’ expectations remains to be seen.

Which Is Better For My Business: Divvy Or Brex?

Divvy and Ramp are both strong picks for a business looking for a corporate card. However, in researching this comparison, we found some significant differences that could make one or the other a better choice for you.

Divvy VS Brex Comparison: The Final Verdict

Brex and Divvy are both solid corporate cards that we at Merchant Maverick have reviewed thoroughly and rate highly. All in all, given a head-to-head Brex vs. Divvy comparison, we feel that Brex holds the edge for most potential users.

That’s not to say that we don’t recommend Divvy as a solid corporate card option. Divvy offers a nearly fee-free corporate card with generous rewards-earning potential. And unlike Brex, Divvy is available to smaller companies that lack significant investor backing.

Keep in mind that user reviews indicate that, for some, the Divvy application process is difficult. Combined with a concerning lack of transparency about Divvy’s eligibility terms, companies looking for a credit card might prefer the easy application process and clear eligibility requirements they’ll find with Brex.

We are also concerned with three changes we have identified with Divvy following the card’s rebranding as BILL Spend & Expense. For many users, the loss of partner perks, new rules that could wipe out your rewards balance, and the new requirement to make a separate paid BILL subscription if you want to use bill pay services are not positive changes. We’ll definitely be watching to see if BILL reverses these changes or makes new changes, either positive or negative.

That’s not to say that Brex will suit every user, of course. If your company is not entirely US-based or meets the requirements, you’ll find Divvy a better option. Although we think the right users will find Brex to be a better option than Divvy, if you’re not bothered by the difference we have highlighted in this comparison, you likely will be satisfied when you choose Divvy.

Finally, if you’re still not convinced that either Divvy or Brex will deliver what your business needs, you’re in luck. We’ve compiled a list of what we consider to be the best corporate cards available that may have just the right combination of rewards, features, and requirements for your business needs.

FAQs: Brex VS Divvy