Moss Credit (although technically a charge card) works on a subscription-based service, offering high credit limits and cashback on business spending.
Moss Corporate Card review 2024
Our verdict
Berlin-based digital financial management company Moss officially launches its new business charge card in the UK. Here’s what we know so far.As more digital financial management platforms are popping up with new business charge cards, you may be thinking, what makes Moss any different? In its very short time of launching, Moss has started to make big waves in the fintech industry and has been rumoured to be on track for unicorn status. Offering its customers an integrated financial management platform and high credit limits, the Moss Corporate card could be a good option if you are looking for an all-in-one system, with the added bonus of earning cashback whilst you spend.
So what’s not so great about the Moss Corporate card? Well, for starters, as a German company dealing in Euros, it is unclear of any foreign exchange (FX) fees that Moss charges for its UK-based clientele. Once you have applied, you might be able to discuss this concern with your account manager, but it is not currently disclosed in the payment plans. And if you’re looking for a card that gets you more bang for your buck, yes, it’s great that you can earn cashback on your everyday business expenses, but you have to reach a "high transaction volume" to receive the option of cashback.
That being said, Moss’s current customers rave about the easy-to-use nature of the system and how helpful the client management are with any queries.
Whether you’re in the researching stage or ready to apply for a Moss card, there are plenty of business credit and charge cards available on the market. You can start comparing the best cards that will work for you and your business’s needs.
Pros
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High credit limits
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All-in-one integrated system
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Custom spending limits
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Flexibility to choose whether you want a credit or debit card
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Moss offers a demo before you apply
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Option to earn cashback (subject to transaction volume)
Cons
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Subscription fee
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Other business cards offer higher cashback
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Negative reviews for their sales team
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Unclear FX charges
Details
Product Overview
| Issuer | Transact Payments |
| Network | Mastercard |
| Annual/monthly fees | Subject to plan |
| Purchases | N/A (this product is a charge card). |
| Maximum credit limit | Subject to status: £2,500,000 |
| Incentive | |
| Potential costs | 4.0 ★★★★★ |
| Doing its job | 3.5 ★★★★★ |
| Extras | 2.5 ★★★★★ |
| Overall Finder Score | 3.5 ★★★★★ |
Fees and charges
| Annual/monthly fees | Subject to plan |
| Late payment fee | £0 |
Application Requirements
| Minimum Age | 18 |
| Min income | Not specified |
| Minimum turnover | £2,000,000 |
| Minimum trading period | 4 years |
| Additional Criteria | Any registered company with over 10 employees can apply to become a Moss customer. |
The Moss Business Cashback Card is issued on the Mastercard network, so it's accepted at more than 50 million merchant locations across more than 210 countries and territories.
Who is Moss?
Moss is a Berlin-based digital financial management company (not a bank) offering monthly credit limits of up to £2,500,000 to SMEs.
Co-founded by Ante Spittler, Anton Rummel, Ferdinand Meyer and Stephan Haslebacher, Moss aims to help its customers “efficiently manage payments, financial processes and cash flow” on the Moss platform.
Since launching in 2020, Moss has received over €130 million in funding from global investors and has recently closed its Series B funding round of €75 million (February 2022). Could Moss be on track to achieve unicorn status?
What is the Moss Corporate card and how it works
The Moss Corporate card is a charge card (not a credit card) aimed to help SMEs manage their business expenses. Although Moss does offer you the flexibilty to choose credit or debit, a unique feature in the business card market.
Once you have successfully applied for a Moss business card and connected your current business accounts, you and your employees will be able to start using the cards on your everyday business expenses. With the integrated account management system, you have the ability to monitor all card spend and set personalised spending limits for your employees.
You might be asking yourself, so, when can I start earning cashback? Only customers with “high transaction volumes” can gain the option of cashback.
Moss offers 3 subscription plans depending on your company size and what features you need from the card. Before you apply, you can get a taste of the Moss Corporate card and request a demo.
Features
- Physical and virtual cards. If your application is successful, you will receive 1 physical plastic card and can request additional physical cards. You will also have access to unlimited virtual cards.
- Monthly credit limits of up to £2,500,000. Depending on the subscription plan you choose, you could receive spending limits of up to £2,500,000 (subject to status).
- Manage employees’ spending limits. As the account holder, you can customise and manage the credit limit for each individual card.
- Manage your Moss account using the dashboard. You can manage your business’s spending through the Moss platform, which is currently available on PC, iOS and Android. With the dashboard, you can see how much credit you have available to use, when your next billing will take place and approve/decline payment requests.
Moss customer reviews
Moss has received fairly positive reviews from customers, according to customer review sites like TrustPilot.
It currently has a TrustPilot rating of 4.0 out of 5, based on 119 reviews (updated November 2023). Reviewers who rated the card highly, stated that the process is quick and easy to set up and maintain. One customer even said that it “simplifies expense management.”
On the flip side, Moss’s customers who rated the card 1 out of 5 have complained that the Moss sales team can come across as “pushy”.
| Trustpilot | Apple App Store | Google Play |
|---|---|---|
|
★★★★★ 4.0 out of 5 |
★★★★★ 5 out of 5 |
★★★★★ 4.5 out of 5 |
Bottom line
If you’re looking for a business card that comes with its own integrated account management system, customisable spending limits for your employees and the added bonus of earning cashback on eligible spend (albeit it is only a small amount compared to other cards on the market), the Moss Corporate card could be a good option to consider.
Whether you’re in the researching phase or you are ready to apply, the appealing option of a demo might be able to help you answer any questions that you may have before committing to a card – especially a card that comes with a monthly subscription fee.
If you’re thinking about getting a business credit card and aren’t sure which one to pick, take a look at our business credit card comparison page.
How to apply for the Moss Corporate card
Try before you buy and request a demo via the Moss website. With the demo, you can discuss your business’s needs and what subscription plan would work best for you and your employees. You will also be able to discuss spending limits and repayment terms.
Once your demo is completed, your onboarding contact will discuss next steps.
Customer support
To contact customer support, you can call 020 4571 2718, or you can email support@getmoss.com. Services are available from Monday to Friday between 9 am and 6 pm.
How does it compare with other business cards?
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Finder credit card scores
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.
You can read more about our scoring criteria on our credit card methodology page.
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