Manage company spend with cards built for business. This article will walk you through how to issue virtual or physical cards, set spend limits, and unlock perks like cashback and merchant controls.
Debit card
Once your account is funded, you can create debit cards to manage everyday business expenses like hardware, office space, or other company purchases. Virtual cards are available instantly and can be used right away; physical cards can be ordered for in-person needs.
To create a card, go to the Cards tab in your dashboard and click Create Card. You can name the card (e.g. "Software," "Advertising Spend"), choose which account it pulls from (only a checking account can be selected as the source account), and set spend limits.
Credit card
With Mercury’s IO card, eligible orgs can earn 1.5% cashback on all spend and start building business credit from day one. You can activate IO as soon as your account is funded, starting with daily repayment terms and a lower credit limit. Eligibility is based on several factors, such as your company’s size, spending patterns, and fundraising history.
Once your Mercury balance reaches $15K, you’ll unlock higher limits and switch to a monthly repayment schedule with the same great cashback and no personal guarantee required.
To create an IO card, go to the Cards tab and click Create Card. You can issue virtual or physical cards and manage spend with built-in controls.
Tips:
- Create separate virtual cards for subscriptions, ad spend, or travel
- Manage spend policies to control who can spend what, where, and how
- Use merchant-locked cards to limit purchases to a single vendor or tool
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
The Mercury Debit Cards are issued by Choice Financial Group and Column N.A., Members FDIC, pursuant to licenses from Mastercard®.
The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from Mastercard®. To receive cash back, your Mercury accounts must be open and in good standing, meaning they cannot be suspended, restricted, past due, or otherwise in default.