If you can’t qualify for that account, you may want to apply for Divvy Credit Builder instead. The regular program includes an unsecured business line of credit. If you have a credit freeze in place with Experian, you’ll want to lift it so your application can be processed.ĭivvy offers two programs. (This is different from other small business card issuers, which often use a hard inquiry when checking credit.) Also keep in mind that Divvy checks Experian credit reports. When Divvy checks your credit it creates a soft inquiry that does not impact your credit scores. It’s a good idea to review your credit reports and scores before you apply for any business credit card, to make sure there isn't any negative information you’re not aware of. When you apply for Divvy, you will have to provide information about your business including:ĭivvy requires good to excellent business and personal credit but it doesn’t specify a minimum personal FICO score or minimum business credit score. Good to excellent credit required (personal credit and business credit)Ĭash balance (typically $20,000+) required in an active bank accountĪnnual revenue is required, minimum variesĭivvy Business Credit Card Requirements Details In order to qualify for Divvy, there are several important requirements your small business must meet. Divvy Business Credit Card Requirements Overview And naturally that may lead you to wonder, “How hard is it to qualify for Divvy?” If you’re a small business owner exploring credit card options for your business, you may have seen it featured on lists of best business credit cards. Divvy bills itself as an expense management system tied to virtual and physical charge cards.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |