You must have an account with Mercury and meet deposit minimums to become eligible for IO.
Engineered for the startup journey
1.5% cashback on all spend
Easy and straightforward rewards
Higher credit limits for startups
Harness more spending power
Low cash balance minimum
Qualify with a $25K balance
Instant virtual cards for your team
Start spending immediately
Spend management tools
Maintain control as you scale
Simplify your finances
Consolidated banking and cards
Scale confidently with powerful spend management tools
Cards for your team
Issue as many cards as you need to your team – individually or in bulk with our Google Workspaces integration.
Get time back with built-in finance automations
- Close the books faster with QuickBooks and Xero integrations
- Ditch data entry with transaction categorization syncing
- Generate NetSuite-friendly reports
There’s more to IO
- No interest or annual fees
- Mastercard Zero Liability and Fraud Protection
- Discounts on tools like Microsoft and Adobe
- Can help improve your business credit score
- Support when you need it via chat or email
Just one part of Mercury’s full financial platform
If you have questions, we have answers
Start by signing up for a Mercury account. You will need to deposit up to $25K into your account to become eligible for IO. You will need to maintain an average cash balance roughly equal to $25K in your Mercury account to keep your credit account active.
We do not run a credit check during the IO sign-up process, so your personal credit score will not be considered or affected.
If you are a current Mercury account holder, go to the Credit Card section in your Mercury dashboard to find out if you are eligible for IO.
We do not run a credit check during the IO sign-up process, so your personal credit score will not be considered or affected.
If you are a current Mercury account holder, go to the Credit Card section in your Mercury dashboard to find out if you are eligible for IO.
Mercury has a startup-friendly underwriting model — we understand that our customers may be newly incorporated, retain low cash balances, and have limited credit or banking history. Because all IO customers hold cash within Mercury, we can more accurately understand your financial position, and offer a higher credit limit than what is typically offered to startups by traditional banks.
Your credit limit will be determined by your Mercury account balance. Your limit might increase as your Mercury balance increases, but your credit limit may also decrease. Currently, we reassess your business limit following large withdrawals and deposits.
Your credit limit will be determined by your Mercury account balance. Your limit might increase as your Mercury balance increases, but your credit limit may also decrease. Currently, we reassess your business limit following large withdrawals and deposits.
Like most business credit cards on the market, IO is a charge card, which means that you will need to pay off your full IO balance every pay period. Your pay period may be daily or monthly, depending on the average cash balance in your Mercury account. We’ll automatically deduct your full balance from your chosen Mercury account on a date of your choosing. You can also pay off your card early at any time.
We don’t charge annual fees on IO cards, and because you’ll pay off your IO card automatically each month, you won’t incur any interest. However, we do charge an international transaction fee on non-USD IO card transactions. Customers have the option to select a paid Mercury plan (starting at $35/month). IO card features are free to use, though if you want to use our enriched NetSuite accounting automations to sync your IO card transactions to NetSuite, you’ll have to upgrade to a paid plan. QuickBooks and Xero enriched automations, as well as the ability to import bank feed connections across QuickBooks, Xero, and NetSuite, are free. Learn more about pricing.
IO has a suite of expense management features to help you scale your team and grow your business, with confidence and control.
- Issue physical or virtual cards to your team, either individually or in bulk with our Google Workspaces integration.
- Grant card-only access to team members to control who can view your account details.
- Set custom daily, weekly, or monthly spend limits for individual team members, as well as custom card expiration dates.
- Create cards locked to specific merchants (from our list of over 1,000 merchants) with custom spend limits on those merchants, or enable company-wide merchant and category restrictions.
- Set up company-wide spend policies requiring employees to upload receipts or add notes for card transactions above a specified amount.
- View your company's debit and credit card subscriptions in one place, and get notified about new or duplicate subscriptions.
Yes, using IO may help your company establish a strong credit history and improve your business credit score. Mercury reports IO payment history to Equifax and Dun & Bradstreet, two of the three major business credit bureaus. Reporting your IO payments can help your company establish a strong credit history, improve your credit score, and open doors to more opportunities for growth and financing.
Ready, set, grow
Start spending – and growing – with credit cards available to Mercury account holders.