As part of our mission to make money smarter, BILL reports customer credit performance to the Small Business Financial Exchange (SBFE®). That means you can use the BILL Divvy Card to build credit history and credit score for your business simply by paying on time.

When it comes to streamlining business expenses, a company credit card can save you time and money. Separating business spending from personal spending makes it easier to reconcile accounts at the end of the month and get taxes right at year-end. If you have a growing team, consider using a platform like BILL Spend & Expense to provide access to individual cards to every employee, thereby eliminating manual expense reports and cumbersome reimbursement processes.

While personal credit cards can be used by businesses, it’s incredibly helpful to separate spending by opening a new credit line for company accounts. Business cards are specifically designed for business use, with tailored rewards and industry bonuses—however, they may also have higher fees. While it’s helpful to have an EIN number to apply for a business credit card, it may not be necessary.

Yes, you can qualify for a business credit card when you have bad credit. Each card provider will have different credit score standards for their applications, but that shouldn’t stop you from applying. Some card companies may be lenient with poor credit if you’re willing to submit payments more frequently or accept a smaller credit line to start. You may also qualify for secured credit lines, those that require a security deposit when you open an account.

Aside from the obvious record-keeping benefits of separating corporate and personal spending, having a business charge card has many rewards. Creating a credit line for business purchases can help build your company credit score, and some business charge cards also come with attractive perks and rewards like cash back or travel benefits.

Old-school expense management processes involved a lot of data entry and paper trails. By using software that ties directly to your business credit card, you can eliminate these cumbersome processes, saving you time and money. BILL Spend & Expense gives you access to fast and flexible credit through the BILL Divvy Card—plus free software to help you streamline expense reporting and reduce manual processes.