While startups can get approved for a Ramp credit card, eligibility requires a minimum business bank account balance of $75,000. They even offer expert contract negotiation services to ensure you get similar pricing to the rest of their cardholders. Their patented system will analyze your company’s spending history and offer advice on where you can cut costs and get a better deal. Some of the 50+ companies that offer Ramp cardholder discounts are Salesforce, Slack, and Zendesk, as well as, Amazon Web Services (AWS), Stripe, and Plastiq.Īs you make more and more purchases on your Ramp Visa card, you’ll get access to their algorithmic savings insights. They also numerous SaaS-related rebates that total a whopping $350,000 in savings. With a Ramp charge card, you can earn 1.5% cash back on all business purchases without having to target rewards categories. there are some foreign transaction fees in the form of 0.90% cross-border fees, and 0.20% currency conversion fees. While Divvy corporate charge cards do not have an annual fee. Aside from that, they offer unlimited virtual cards and employee cards, and all card payments get reported to the Small Business Financial Exchange (SBFE). The catch-22 is that you have to pay your bills weekly or bi-weekly to maximize your rewards point earnings.Īs a cardholder, you’ll also get full to Divvy’s expense management software and budgeting tools. Their rewards program also offers up to 7x bonus points for restaurant purchases and 5x on hotels, and 1.5x on everything else. While Divvy can approve corporations for up to $15 million, most small business owners would only receive a credit limit of up to $50k. If your bank statements show a healthy cash flow, and you pay some monthly bills or online subscriptions via credit card this will help get you higher credit limits. Then they try to find out more about your business spending habits, by having you content your business bank accounts.ĭivvy doesn’t seem to care much about bad credit scores, just mainly spending habits. While they require you to sign up for a demo to apply, the Divvy application process is quite simple.Īt first, they ask for some simple personal and business details like contact information and your Employer Identification Number. Quick approvals for the Divvy Corporate Card are mainly based on business revenues rather than personal credit scores.
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