7 best corporate cards in Malaysia (2026 guide)

Key takeaways:

• Malaysia's corporate card market splits into two camps: traditional bank cards from Maybank, CIMB, HSBC, Alliance Bank, RHB and AmBank built around cashback and rewards, and fintech cards built around expense controls and multi-currency spending.

• The right card depends on what your business actually spends on — local rewards and lounge access for travel-heavy teams, low FX and instant card issuing for businesses paying overseas suppliers or running international ad campaigns.

• Airwallex offers a multi-currency corporate card that lets Malaysian businesses issue unlimited virtual and physical cards instantly, manage every expense, and save up to 80% on FX fees.

Choosing the best corporate cards for your Malaysian business comes down to one question: what does your team actually spend on?

Travel-heavy teams want lounge access and rewards. SMEs paying suppliers in USD or running Meta and Google ads care about foreign exchange (FX) costs. Finance teams need to control who spends what, and reconcile every transaction without chasing receipts.

This guide compares the seven best corporate cards in Malaysia in 2026. Each one is included for a clear reason, and we've verified fees and features directly from each provider's official site.

If you want a refresher on how a corporate card works, first read our article on what a corporate card is.

7 best corporate cards in Malaysia in 2026

Here's a side-by-side look at the seven corporate cards we'll cover:

The information in this table has been reviewed to be accurate as of 15 May 2026.

1. Airwallex Corporate Card

Of the seven cards on this list, only Airwallex offers multi-currency spending, instant card issuing and expense management in one place.

With Airwallex, you can hold and spend in 20+ currencies, with no FX markup on overseas spend. Every other card on this list charges in ringgit, then adds a markup when you spend abroad.

You can also issue virtual and physical cards from your dashboard in minutes, with built-in receipt capture, approval workflows and accounting sync. There's no annual fee or monthly subscription, and the card is issued by Airwallex (Malaysia) Sdn Bhd, regulated by Bank Negara Malaysia.

The information in this table has been reviewed to be accurate as of 15 May 2026.

2. Maybank Visa Corporate Card

The Maybank Visa Corporate Card¹ is the most familiar option here. Maybank is Malaysia's largest bank, and many SMEs already bank with it.

The card is a corporate credit card built around cash flow management rather than cashback. You get up to RM700,000 in complimentary personal travel accident insurance, 30 interest-free days from your monthly statement, and the option to split larger business purchases into 0% EzyPay instalments of up to 36 months.¹

The information in this table has been reviewed to be accurate as of 15 May 2026.

3. CIMB SME BusinessCard

The CIMB SME BusinessCard stands out for its flat-rate cashback structure designed for SMEs.

You earn 1.25% cashback on overseas spend including online transactions, and 0.5% cashback on local spend, with no annual fee charged.² That makes it one of the cleaner picks for SMEs that pay for software, ads or supplies online from international vendors.

You get up to 50 days of interest-free credit, automatic travel insurance when airfare is charged in full, and access to Plaza Premium Lounges.

The information in this table has been reviewed to be accurate as of 15 May 2026.

4. HSBC Corporate Mastercard

The HSBC Corporate Mastercard is built for larger organisations that need control and reporting more than rewards. The card runs on Mastercard's Smart Data platform, which gives cardholder-level visibility, customisable reports, and the ability to export data into ERP or expense systems.³

You get up to 50 interest-free days, automatic Mastercard Easy Savings discounts at participating business merchants, and a corporate liability waiver that protects against deliberate misuse by employees.³

HSBC also offers a separate HSBC Virtual Card for businesses making high-volume supplier payments. You can generate unique account numbers per supplier or per transaction.³

The information in this table has been reviewed to be accurate as of 15 May 2026.

5. Alliance Bank Visa Infinite Business Credit Card

The Alliance Bank Visa Infinite Business Credit Card is a good option for travel-heavy teams. Cashback is tiered from 0.25% to 1.5% depending on monthly retail spend per nominee card.⁴ You also get up to 9 complimentary Plaza Premium Lounge visits and 9 Travel Club Lounge visits per year worldwide, scaled by monthly spend.⁴

Travel cover goes up to RM2 million per cardmember, underwritten by Zurich General Insurance.⁴ For larger purchases, you can convert eligible spend of RM5,000 or more into 0% Flexible Payment Plans of up to 12 months.⁴

The information in this table has been reviewed to be accurate as of 15 May 2026.

6. RHB Corporate Card-i

The RHB Corporate Card-i gives unlimited 1% cashback on overseas business retail spend and 0.5% on local spend, with no monthly cap.⁵ The "unlimited" piece is genuinely rare — most Malaysian corporate cards either tier the rate or cap the amount. Excluded categories include petrol, cash advance, government, charity, JomPAY and FPX transactions.

You get up to 50 days charge-free from your first transaction date, and the card runs on RHB's Reflex cash management platform.⁵

For businesses that prefer a conventional, non-Shariah option, RHB also offers the RHB Corporate Credit Card with the same core mechanics. Both versions give you the choice of joint and several or sole liability.⁵

The information in this table has been reviewed to be accurate as of 15 May 2026.

7. AmBank Visa Infinite Business Card

The AmBank Visa Infinite Business Card is a tiered cashback card aimed at businesses that want premium travel cover alongside everyday spending. You earn 1% cashback on overseas transactions, but online transactions don't qualify.⁶ Other rates are 0.5% on petrol, airlines, hotels and food and beverage, and 0.1% on remaining spend.⁶

Travel insurance covers up to RM2 million when the full airfare is charged to the card, with cover extended to family members travelling with you.⁶ There's no annual fee, and the card is positioned at the higher end of AmBank's business range — you'll need to speak to AmBank for eligibility.⁶

The information in this table has been reviewed to be accurate as of 15 May 2026.

Why Malaysian businesses choose Airwallex Corporate Cards

A bank corporate card works well if your business spends mostly in ringgit.

But most Malaysian businesses today need more than that. They pay overseas suppliers in USD, run Meta and Google ad accounts in foreign currencies, and hold revenue from Shopee or Amazon in multiple currencies. They also need to control spend across teams working in more than one country.

That's where Airwallex comes in. The card sits inside a single platform that handles multi-currency accounts, international transfers, expense management, and global payments. Here's how this benefits Malaysian businesses:

Spend in 20+ currencies without FX surprises

With the Airwallex Corporate Card, you can pay in USD, SGD, EUR, GBP, AUD and 15+ other currencies directly from balances you already hold. Assuming you hold the currency, there's no foreign currency markup, and you don’t incur any FX fees.

If you don't have the currency you need, Airwallex auto-converts at competitive interbank rates that save you up to 80% on FX fees.

Issue and control cards in real time

You can create virtual cards instantly and issue physical cards to employees worldwide, all from one dashboard. Each card can have its own spend limit (per transaction, daily, weekly, monthly), merchant category restrictions, and expiry.

If a card needs to be frozen, you do it in one click — no support ticket, no waiting period. New employees can be issued a card on day one, instead of waiting weeks for a bank to process the application.

Built-in expense management

Every card transaction comes with built-in expense workflows. Employees upload receipts via the Airwallex mobile app, OCR extracts the details, and approvers sign off in the same dashboard.

The data syncs straight to Xero, QuickBooks, MYOB or your accounting software of choice. Your finance team stops chasing receipts and reconciling PDF statements at month-end.

One platform for cards, accounts, and global payments

The corporate card is one part of an Airwallex business account. The same account gives you Global Accounts in 20+ countries to receive payments from international customers in their local currency. You also get FX and transfers at interbank rates and Bill Pay to handle supplier payments.

You don't need a separate provider for each function — and you don't pay separate fees for each one either.

Frequently asked questions (FAQs)

What's the difference between a corporate card and a business credit card in Malaysia?

A corporate card is issued in the company's name and is typically the company's liability — not the cardholder's personal credit. A business credit card is often issued under the business owner's personal credit, with personal guarantees attached. Most cards in this guide are corporate cards, which means the application is underwritten against the business itself.

What is the RM25 service tax on corporate cards in Malaysia?

The RM25 charge is the federal Service Tax that applies to credit and charge cards under Malaysia's Service Tax (Amendment) Act. It's charged annually per principal card and per supplementary card. The tax applies regardless of how much you spend, and applies even on cards advertised with no annual fee. Debit cards like the Airwallex Corporate Card are not subject to this tax.

Can sole proprietors get a corporate card in Malaysia?

Yes, but options are narrower than for Sdn Bhd companies. Some bank-issued cards like the CIMB SME BusinessCard explicitly accept sole proprietorships and partnerships alongside Sdn Bhds and LLPs. Banks will pull your CCRIS and CTOS reports, and the card will typically be issued under personal liability. Fintech debit cards have lower documentation requirements since there's no credit underwriting involved.

What's the easiest corporate card to get approved for in Malaysia?

Debit-based corporate cards are usually the easiest to get because there's no credit check. You fund the card from your business account, then spend up to that balance. Credit-based corporate cards from Malaysian banks require business registration documents, two or more years of trading history, and a clean CCRIS and CTOS record. If your business is new or has limited credit history, a debit card is the most straightforward path.

Do Malaysian corporate cards work overseas?

Yes, any Visa or Mastercard corporate card will work at any merchant or ATM that accepts the network. The cost varies by card. Bank-issued cards charge in ringgit and add a foreign currency markup on top of the network rate, which adds up on consistent overseas spend. A multi-currency card like the Airwallex Corporate Card lets you spend foreign currency directly from a balance you already hold, with no markup added on the card.

Can I get a corporate card without a credit check in Malaysia?

Yes, debit and prepaid corporate cards don't require a credit check. You fund the card upfront, and the available balance becomes your spending limit. This is the typical model for fintech corporate cards in Malaysia. Credit-based corporate cards from banks always involve a CCRIS and CTOS check, and your business will need a documented trading history.

Sources:

1. https://www.maybank2u.com.my/maybank2u/malaysia/en/business/cards/credit_cards/visa_corporate_card.page

2.  https://www.cimb.com.my/en/business/cards/credit-cards/sme-businesscard.html

3.  https://www.business.hsbc.com.my/en-gb/payments/cards/corporate-card

4. https://www.alliancebank.com.my/personal/cards/credit-cards/visa-infinite-business-credit-card

5.  https://www.rhbgroup.com/business/cards/credit-charge-cards/corporate-card-i

6. https://www.ambank.com.my/eng/cards/business-cards/AmBank-Visa-Infinite-Business-Card

This publication does not constitute legal, tax, or professional advice from Airwallex nor substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Malaysia) Sdn. Bhd., a company incorporated under the laws of Malaysia with company registration number 201801007747 (1269761-X), is regulated as a licensed remittance business under the Money Services Business Act 2011 (Licence number 00743 with an expiry date of 3 August 2028, an E-Money Issuer and a registered merchant acquirer under the Financial Services Act 2013.