Moss Corporate Credit Card review 2022

Berlin-based digital lender Moss launches its new business charge card in the UK. Here’s what we know so far.

The Moss Corporate Credit Card (although technically a charge card) works on a subscription-based service, offering high credit limits and cashback on your daily business spending.

  • High credit limits of up to €749,000 (subject to status).
  • Other charge cards on the market offer more cashback.
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Details

IssuerTransact Payments Malta
NetworkMastercard
Annual/monthly fees€12 a month per active user plus advanced approval policies at €50 a month for the "Essential" plan. Request for individual quotes for the "Professional" plan.
PurchasesN/A (this product is a charge card).
Max credit limitSubject to status: €749,000
Additional cards available1 free physical plastic card and can request additional cards for a fee. Unlimited virtual cards.
Cashback detailsEarn 0.4% cashback every month when you spend a minimum of €10,000.

Review by


Emily Herring is a Publishing Executive at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media.

Expert review

As more digital lenders 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 rumored 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 signing up for a demo, 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 0.4% seems to fall quite a bit shorter than other charge cards on the market, especially when you factor in the €10,000 minimum spend.

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 start a demo with Moss, 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.

Capital on Tap Business Credit Card

Capital on Tap Business Credit Card

  • Get up to £150,000 in minutes to grow your business.
  • Earn 1% cashback for every £1 spent.
  • Enjoy up to 56 days interest-free on purchases if you pay off your balance in full each month.
  • No application fees or non-sterling transaction fees.

Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).

Promoted

Pros and cons

Pros

  • Earn 0.4% cashback on day-to-day spending
  • Moss offers a demo before you apply
  • All-in-one integrated system
  • Unlimited virtual credit cards
  • Customisable employee spending limits
  • High credit limits (subject to status)

Cons

  • Subscription fee
  • Other business cards offer higher cashback
  • Negative reviews for their sales team
  • Unclear FX charges
  • Moss works in Euros

Who is Moss?

Moss is a Berlin-based digital lender (not a bank) offering credit limits of up to €749,000 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.

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? You can start earning cashback on your everyday business expenses once you have reached the €10,000 minimum spend.

Before you apply, you can get a taste of the Moss Corporate card and request a demo.

Features

  • Earn cashback. Moss is offering the chance to earn 0.4% cashback on all card spend, granted that you meet the €10,000 minimum spend. With the option to purchase additional physical cards and can request unlimited virtual cards for your employees, you can make use of the ultimate benefits of this cashback offer, if used correctly and responsibly.
  • 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.
  • Credit limits of up to €749,000. Depending on the subscription plan you choose, you could receive spending limits of up to €749,000 (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 app features

Pricing options and repayments

Unlike other business charge cards, Moss offers a subscription-based structure, with a monthly fee that depends on the size and needs of your business. Moss also charges an added €10 for additional physical cards and €30 for chargebacks.

If you are an SME, you will be able to apply for the “Essential” plan, which costs €12 a month per active user plus advanced approval policies at €50 a month. However, if you have a larger team or potentially require credit facilities of up to €749,000 (subject to status), you might benefit more from the “Professional” plan. For this plan, you’ll need to get a personalised quote for a clear idea of pricing.

As a charge card, you will need to repay your subscription in full each month otherwise you could negatively impact any future lending for your company. However, don’t panic, you can track your credit limit and repayment dates via the Moss platform. Should you unexpectedly reach or exceed your limit before the end of your billing cycle, you can use the “Pay now” feature to manually reset your balance or contact your account manager.

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 4.4 out of 5, based on 70 reviews (updated April 2022). Although still a new business charge card, Moss’s customers who rated the card 1 out of 5 have complained that the Moss sales team can come across as “pushy”. On the flip side, 85% of reviewers who rated the card the full 5 stars, stated that the process is quick and easy to set up and maintain. One customer even said that it “simplifies expense management.”

Verdict

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.

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.

How does it compare?

Moss's card

1 - 1 of 1
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Moss Business Credit Card
N/A (this product is a charge card).
€12 a month per active user plus advanced approval policies at €50 a month for the "Essential" plan. Request for individual quotes for the "Professional" plan.
0.4% cashback
N/A (this product is a charge card).
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Capital on Tap Business Credit Card
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Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
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Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
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Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

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