Corpay One Mastercard for Business Review 2024

Is it the best credit card for your startup?

Smiling business person pointing at 4.3 stars and the words, Corpay for Business.

The Corpay One Mastercard for Business is a corporate charge card designed for small- and medium-sized businesses, and the headline service of the Corpay One suite of spend management tools. The card sits atop a spend management platform that, through a dashboard, provides a view of all company expenditure in one place, and ways of executing and controlling that expenditure. 

This review details all that the Corpay One Mastercard for Business has to offer, how it stacks up to the competition, and whether it’s one of the best credit cards for startups.

 Recommended: Read our guide to the Best Credit Cards for Startups.

Corpay One Mastercard for Business Eligibility Requirements

Corpay One says any business that is based in the United States and is not in one of its prohibited industries is eligible to apply for its card. It’s not clear what those prohibited businesses are, although it’s possible the list may include adult entertainment, gun shops, and cannabis businesses. 

You can apply for the card either through your Corpay One account or use the online application

  • Personal credit score of at least 670
  • Commercial credit score of at least 600
  • Not operating in a prohibited industry 

Your personal and/or commercial credit score will be taken into account in determining eligibility and credit limit. But note that Corpay One considers accounts with a personal credit score less than 670 or business credit score that is 600 or less as being “high risk” and may deny or apply conditions before approving such applications.

Pros and Cons of the Corpay One Mastercard for Business

Pros of Corpay One Mastercard for Business

  • No monthly or annual maintenance fees
  • Cash back of 1.5% on eligible purchases; 1% on everything else
  • Generous credit limit of up to $100,000 possible
  • Up to 51 days to pay off account balances
  • Can be used to build credit

Cons of Corpay One Mastercard for Business

  • Balances must be paid in full every month 
  • Low cash back rewards compared to other cards
  • Very high fees for late and returned payments
  • High risk fees if credit rating falls 

Corpay One Mastercard for Business Fees and Features

The Corpay One Mastercard is a corporate charge card that’s available to most businesses. There are no monthly or annual maintenance charges, no subscription fees, nor any minimum balance or investor participation requirements. But a personal guarantee is required. Also, a “hard pull” credit check will be performed when you apply. 

The card can be used to build credit. CorPay One reports your card activity to the three major commercial bureaus, Equifax, Dun & Bradstreet and Experian Commercial. 

Credit lines of up to $500,000 are available. Requests for $50,000 or more may undergo a manual application review. Credit limits depend on business metrics and the credit profile of the personal guarantor. 

The Corpay One Mastercard is meant to complement the Corpay One bill pay platform, which allows you to pay your bills through your bank account, with the Corpay One Mastercard or with any other credit card. The platform also has the capability to read invoices and receipts that you scan, thus eliminating manual data entry, and integrates smoothly with a number of accounting applications, including QuickBooks Online, Sage Intacct, and Xero.

However, the rebates you earn when you use the card are no great shakes. You earn a 1.5% rebate when you pay an eligible business bill through Corpay One and a 1% rebate when you don’t use the platform. Compared to other cards, this reward rate is decidedly Scroogelike. 

Rewards and Benefits

  • No minimum cash balance required
  • Can be used to build credit
  • Substantial credit limits available
  • Up to 51 days to pay off balances 
  • Integrates with popular accounting software 

Interest Rates

  • Interest Charge: $1 per billing cycle or WSJ Prime Rate + 23.99% of prior balance amount (whichever is greater)


  • Transaction Fee: 2.9% for payments made through Corpay One 
  • International Wire Fee: $9.50 for each payment
  • Late Payments: $75 or 12.25% of new balance (whichever is greater)
  • Returned Payments: $50
  • No subscription fees
  • No monthly or annual maintenance fees

The Corpay One Mastercard is a charge card. You cannot carry a balance forward and your expenditure must be repaid in full by the end of the payment period. Nevertheless, you will be allowed up to 51 days to pay back your purchases.

How Does the Corpay One Mastercard for Business Compare?

The Corpay One Mastercard may be suitable for a wide variety of businesses, but certain aspects such as the hefty transaction fee of 2.9% for making payments by check or through the ACH network by credit card may act as a disincentive to some business owners. A possible alternative is the Divvy card, which has a number of attractive features.

Corpay One Mastercard for Business

$0 Annual Fee

Open to unincorporated businesses like sole proprietorships and partnerships. 

Best for: Unincorporated businesses whose owners have good credit.


$0 Annual Fee

Divvy’s qualifying criteria are not as permissive as Corpay One. To be eligible for a Divvy card, your bank balance must be $20,000 or more and both you and your business must have good credit. 

Best for: Businesses with healthy cash flow and many employees that spend.

Final Thoughts on Corpay One Mastercard for Business

The Corpay One Mastercard, a corporate charge card open to a wide range of businesses, has been developed by Corpay One, a spend management platform. Good credit—both personal and commercial— is required to qualify.

There is no cost to join nor any subscription fees. The platform and the card are free. However, there are some services that come at cost. There’s a charge of 2.9% of transaction amount for transactions that are funded by credit card and a $9.50 charge for wire transfers.

But the Corpay One Mastercard offers a skimpy rewards package. You will get 1.5% cash back on eligible purchases and 1% on other expenses. What’s more, its Trustpilot reviews are mixed.

Regardless, it’s possible to get a credit of $50,000 or even $100,000 and late payments will be accommodated, although discouraged with punitive charges. The card can be used to build credit, since activity is reported to the three main commercial credit bureaus. 

Frequently Asked Questions

What credit bureau does Corpay One use?

Corpay One reports to all three commercial credit bureaus: Dun & Bradstreet, Equifax, and Experian Commercial. 

Does Corpay One do a hard credit check?

Yes. To determine creditworthiness, Corpay One will check your credit with a “hard” credit check.

What is Corpay One?

CorPay One is a spend management platform that serves as a hub for all company expenses. The platform automates many processes, such as invoice flow. Invoices can be uploaded or scanned, and the most important information is extracted. Invoices are forwarded for approval and paid automatically once they are approved. 

Who is eligible for the Corpay One Mastercard?

Any business that is based in the United States and is not one of Corpay One’s prohibited industries is eligible to apply.

What are the credit limits on the Corpay One Mastercard?

Credit limits are set based on the financial parameters, including cash flow and cash position, of the business. The limits also depend on the credit status of the personal guarantor. Credit lines of up to $500 will be entertained; applications for credit lines over $50,000 may be subject to an in-person review. 

About the Author

TRUiC logo.

TRUiC’s team of researchers, writers, and editors dedicate hours to ensure’s articles are actionable and accessible for both startup founders and startup enthusiasts. From launching a startup to growing your venture, you can trust that our information is an up-to-date and reliable source.

Featured Articles