The question for both, of course, is this: Which companies are choosing a card based on rewards? Open question. This fits their model of trying to make the user experience simpler all around. Ramp, on the other hand, offers a straight 1.5% cash back reward on, well, everything. After all, those carrots are being held out to try and influence spend behavior, and it’s clear here that Divvy was originally designed for travel and corporate entertainment–though the company is targeting small-to-medium businesses, especially those that want to build or establish credit. What’s significant here is not the tiered system, but which kinds of purchases earn the most rewards. Monthly payments go even lower: 2x on restaurants and hotels, 1.5 on software, and 1x on everything else. But if you pay semi-monthly, those go down to 4x, 3x, and 1.75x, respectively. For example, if your plan has you paying off your bill weekly, you can get 7x rewards on restaurants, 5x rewards on hotels, 2x rewards on software, and 1.5% on everything else. Divvy’s Rewards Structureĭivvy has a tiered rewards structure, meaning that the more often you make payments, the greater their rewards. We can talk about planning tools, reports, and dashboards until the end of days, but the real difference we see between these two is in their rewards structure. Divvy, Rewards Are the Biggest Difference So, if we had to choose one of these cards-Divvy or Ramp-where would we place our bets? With Ramp vs. (Heck, we have a corporate expense card for startups ourselves.) Being focused almost solely on SaaS management means we don’t really compete with these other expense cards but having a card and thus being in Fintech means that we’ve had a front row seat to the fight. (In a hurry? Skip down to the comparison chart.) A lot of these cards look alike, and there is a metric TON of marketing being thrown at every startup and small business that even looks sideways at an expense card. While that competition means a lot of friction between players, it means great things for users of these cards-namely, that the tools and perks will flow freely as each card tries to win over new customers.īut having so many great choices has its downside, too. That includes some outright hostilities between heavyweight Divvy and relative newcomer Ramp. If you’ve been looking into expense management cards, you might have picked up from insiders that 2021 was the beginning of the expense management war.
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