Best corporate cards for businesses and Singapore SMEs in 2025

Key takeaways:

• Many corporate credit cards in Singapore offer convenience and rewards, but often come with high annual fees, minimum balance requirements, and lack features such as built-in expense management and multi-currency support.

• Debit card alternatives like the Airwallex Corporate Card let you spend in multiple currencies from held balances. This minimises unnecessary currency conversion fees.

• With Airwallex, you get more than a card – you get an all-in-one platform with multi-currency Global Accounts, FX & Transfers, Expense Management, and Payments. It’s a complete solution that gives you more control and flexibility as your business scales.

The best corporate cards do more than offer rewards. They help manage team budgets, track spending in real time, and support global business growth.

Traditional corporate credit cards offer short-term credit and rewards, but they often come with hidden fees, foreign transaction charges, and limited visibility into real-time spend. That can quickly erode your margins, especially if your business manages cross-border expenses like SaaS subscriptions, international suppliers, or global ad campaigns.

Fintech alternatives like Airwallex Corporate Cards can be created instantly and are flexible enough to grow with your business. Whether you're an SME looking for a simple card solution with low fees and cashback, or scaling into a multi-team organisation with more complex spend needs, Airwallex adapts to both.

In this guide, we compare the top 10 corporate credit and debit cards in Singapore, breaking down their features, fees, and functionality, and explain why a solution like Airwallex offers a smarter, more scalable way to manage global business expenses.

What is a corporate card?

A corporate card is a business-issued payment card that lets employees pay for work-related expenses. It’s tied to the company rather than an individual, making it easier to track and manage spending across teams.

Most corporate cards in Singapore are credit cards. They give businesses access to a credit line and let you pay later, which can help with cash flow. Because of the lending risk, a business credit card will carry extra costs such as annual fees, interest charges, and late payment penalties. 

Corporate debit cards work differently. Funds are pulled directly from your business account, which means there’s no borrowing involved and you pay fewer fees. While you may give up some spending flexibility, the lower costs can make a real difference to your bottom line. Using debit cards for expenses also gives you direct control over cash outflows, making it easier to monitor day-to-day financial activity and stay on top of your budget.

How does a corporate card work?

Corporate cards are issued by either traditional banks or fintech providers. With banks, the process can take days – sometimes even weeks – because each employee has to apply individually and wait for approval. In the meantime, employees often pay out of pocket to keep work moving, leaving finance teams with messy reimbursements to reconcile later.

Fintech providers like Airwallex make issuing cards faster and simpler. Once your business is verified, you can create and assign cards instantly from your dashboard – no separate applications, no delays.

Corporate cards have also evolved. Today, many companies turn to virtual cards or digital payments, SaaS subscriptions, or one-off purchases. Virtual cards are issued instantly and come with built-in controls, letting you set spend limits and restrict transaction types as needed. With Airwallex, you can issue both physical and virtual cards in seconds, with all the controls you need to manage spending confidently.

Some corporate cards offer perks like cashback, but they often come with conditions like minimum spend requirements or category restrictions. With Airwallex, you get cashback on every transaction, whether you’re paying local suppliers or managing global ad campaigns. There are no minimum spend thresholds and no limits on merchant categories – just rewards that work automatically, wherever your business spends.

The top 10 corporate credit cards and debit cards in Singapore

Here are the top corporate cards in Singapore based on their features and fit for growing businesses.

• Airwallex Corporate Cards are multi-currency debit cards designed to give businesses greater control and flexibility over global spend. You can pay directly from held balances in 20+ currencies with 0% foreign transaction fees, issue physical or virtual cards in seconds, and earn cashback on every transaction. Every card also comes with built-in expense management, so teams can automate receipt collection, set custom approval flows, and sync seamlessly with accounting software like Xero and QuickBooks – all on a single dashboard. 

• The DBS Visa Platinum Business Card is a traditional credit card for business expenses. While it offers interest-free credit and basic expense management features like company-assigned limits and bill payment consolidation, the card comes with an annual fee of S$196.20 and charges for foreign currency transactions – costs that can add up quickly.

• The UOB World/Signature Business Card includes basic expense controls, travel perks, and liability insurance, but offers just 0.3% cashback and charges a S$183.36 annual fee plus 3% foreign transaction fees. It may suit businesses with domestic spend and traditional credit needs, but lacks the broader flexibility and fee transparency offered by fintech providers like Airwallex. 

• The OCBC Business Credit Card is positioned as a  sustainable business card. It offers 3% rebate at a limited number of eco-friendly merchants, 1% on foreign currency spend, and 0.2% on local transactions.  But the higher cashback is limited to eight merchants, while the base rate is low for other expenses. Compared to that, Airwallex offers unlimited cashback on all transactions with no merchant restrictions.

• The American Express Singapore Airlines Business Credit Card is designed for business executives that travel frequently. It earns HighFlyer points on eligible spend but rewards are airline-specific, making it less useful for businesses with limited travel expenses. The card also comes with a high S$400 annual fee and 3.25% foreign transaction charges that can add up quickly.

• The Citi Corporate Card is a company credit card for managing spend and cash flow. It offers cashback on everyday purchases, but cashback rates vary depending on your company type. , You also need to meet minimum spend requirements to unlock better rewards.

• The Wise Business Card is a debit card that supports multi-currency payments using held balances from the Wise Business Account. While it offers mid-market exchange rates, it doesn’t offer any cashback rewards. Find out more through our in-depth review of the Wise Business Card.

• The Revolut Corporate Card is a multi-currency debit card available as physical, virtual, or metal cards. It also has some spend management tools, but custom spend controls and expense approvals are only available on higher tier plans. In contrast, Airwallex comes with a suite of built-in expense management suite — including reimbursements — at no added cost. . Want to compare? Read our full Airwallex vs Revolut breakdown here.

• The Aspire Business Card is a virtual debit card with basic spend controls and accounting integrations. It offers 1% cashback, but only on digital marketing and SaaS spend with selected merchants. For an in-depth comparison, read our full breakdown of Aspire vs Airwallex.

•  The YouBiz card is a corporate debit card that offers 1% unlimited cashback and expense tracking. Like the Airwallex Corporate Card, the YouBiz card is linked to a multi-currency Business Account. However, it only supports nine currency accounts and its international transfer fees come with hidden charges.  Read our YouBiz vs Airwallex comparison to get the full picture.

What to consider when choosing the best corporate credit or debit card for your business

Not all corporate cards are built the same. Here's what to look for when choosing one that fits your business.

Support for multi-currency payments

If your team makes frequent cross-border payments, a multi-currency debit card is critical. Instead of paying high conversion fees, you can draw directly from held balances and avoid the 3.25% foreign transaction fees charged by traditional credit cards. With Airwallex Corporate Cards, you can spend directly from held balances in currencies like USD, EUR, AUD, or GBP, cutting out surprise foreign transaction fees and other hidden charges. 

Ease of card issuing

How quickly do you need a company credit card issued, and where is your team based? With traditional banks, the process can be slow, as each card requires its own application.

If ease and speed of issuance matter, Airwallex lets you roll out corporate cards in just a few clicks. From your dashboard, you can issue virtual or physical cards instantly and assign them to employees across markets. Whether you’re onboarding new hires or funding a new project, your team gets access to spend right away. 

Spend control and misuse prevention

Without proper controls, corporate cards can become a free-for-all. Imagine a team member booking first-class flights instead of business class, or making payments to unregistered vendors — without anyone noticing until month-end. Costs spiral out of control and you bleed out money before you can turn a profit. 

With Airwallex Corporate Cards, you set clear spend limits per cardholder, so no one goes over budget. Adding restrictions, like limiting spend to specific categories, prevents off-policy purchases. You can even set up multi-layer approvals before spending happens, so the right managers monitor and approve expenses in real time. And if something unusual does slip through, tools like instant card freezing mean you can step in immediately.

Fees and charges

Before choosing a card, read the fine print and understand the true cost of using it. Check beyond the annual fee and focus on what you’ll pay for your most frequent transactions, whether it’s foreign currency spending or ATM withdrawals. 

If minimising fees is your priority, most debit cards let you skip the hidden charges that typically come with credit, making them a more cost-effective choice for everyday business spend. And with Airwallex Corporate Cards, you cut out foreign transaction fees by paying directly from your held balances. When you do need to convert, you do so at competitive interbank FX rates — so that every dollar goes further.

Compare the best corporate cards in 2025

The right corporate card depends on how your business spends and what level of control you need. This table compares the top options in Singapore across features, fees and functionality.

Note: The information in this table has been reviewed to be accurate as of 15 August 2025.

The top corporate cards in Singapore: key features and fees

Airwallex Corporate Cards

Airwallex Corporate Cards are built for businesses that want more control, visibility, and flexibility – whether you’re operating locally or across borders. Our multi-currency debit cards draw directly from held balances in your multi-currency accounts, letting you spend in 20+ currencies without foreign transaction fees, interest charges, or hidden FX markups.

Each card comes with built-in spend controls so you can set custom limits, block merchant categories, and track every transaction in real time. You can also freeze or cancel cards instantly, helping you stay in control of global spend at all times. 

Unlike traditional credit card providers, Airwallex brings every part of your financial workflow into one platform. You can issue cards instantly in 50+ markets, automate approvals, and sync expenses directly with your accounting software, giving your team the visibility and efficiency needed to manage global spend with confidence.

Fees:

• No annual fee

• No foreign transaction fees

• No interest charges or minimum income requirement

• 10 free Company cards with the Explore plan

DBS Visa Platinum Business Card

 The DBS Visa Platinum Business Card offers everything you can expect from a traditional credit card. It offers cashback, interest-free credit and basic expense management features such as company-assigned limits. But it comes with an annual fee of S$196.20, plus additional charges for every foreign currency transaction — costs that add up fast if your team spends overseas. 

On top of that, each new card requires a separate application, slowing you down when you need to scale. With Airwallex, you skip the fees and the paperwork altogether. With just a few clicks on your dashboard, cards are live and ready to use. And when your team starts spending, you won’t see foreign transaction charges eating into each payment.

Fees:

• Annual fee: S$196.20

• Foreign transaction fee: 3.25%

• Effective interest rate: 12% p.a.

• Late payment fee: S$45 per card

• Card replacement fee: S$21.60

UOB World/Signature Business Card

The UOB World and Signature Business Cards target businesses that value rewards and want a basic way to manage employee spending. You’ll earn UNI$1 for every S$5 spent, which can be redeemed for vouchers, air miles, or other perks. You can also assign credit limits to individual cardholders.

But beyond that, the controls are limited. There’s no way to restrict spend to specific merchants, no real-time alerts, and no way to approve expenses before they happen. With Airwallex, you get all of this built in with instant card issuing. You can set spend limits per card, block specific merchant types, and get notified the moment a transaction is made. You can even build expense policies with multi-layer approval flows, so teams can spend confidently while you maintain full visibility and control – without needing to micromanage. 

Fees:¹⁷

• Annual fee: S$183.36

• Foreign transaction fee: 3% 

• Effective interest rate: 27.8% p.a.

• Late payment fee: S$60

• Card replacement fee: S$20

OCBC Business Credit Card

The OCBC Business Credit Card promotes itself as Southeast Asia’s first sustainable business credit card. It offers 3% rebate at selected eco-friendly merchants, plus 1% on foreign currency spend, and 0.2% on SGD transactions. By comparison, Airwallex Corporate Cards give you cashback on every purchase – with no restrictions on spend categories or currencies. 

OCBC also charges a 3.25% foreign transaction fee on every payment, which can add up quickly, especially if you have suppliers, teams, or subscriptions to pay for in foreign currencies. In contrast, our Corporate Cards come with zero foreign transaction fees, so you keep more of every dollar. 

There are also no built-in tools for automating expense claims or approvals, which means this card won’t scale well once you need tighter oversight across teams. Airwallex simplifies spend management with a single dashboard, where you can track and manage expenses across teams, entities, and markets in real time. You can also automate approvals, manage reimbursements, and sync all card spend directly with your accounting software – helping you close your books faster and with fewer errors.

Fees: 

• Annual fee: S$194.40

• Foreign transaction fee: 3.25%

• Effective interest rate: 24% p.a.

• Late payment fee: S$100

• Card replacement fee: S$25

American Express Singapore Airlines Business Credit Card

The American Express Singapore Airlines Business Credit Card focuses heavily on rewards for business travel, with HighFlyer points earned on eligible expenses. But if you spend in multiple currencies, the value drops quickly. There are no additional rewards for foreign currency transactions, yet you still pay a 3.25% fee on every one. Combined with a steep S$400 annual fee, this card is one of the most expensive options on the list. And while the American Express corporate card is widely accepted in the US, its global acceptance – especially in parts of Asia and Europe – can be limited.

If you’re after more control and cost savings on global expenses, Airwallex is the stronger choice. You pay 0% international transaction fees, earn cashback on every purchase, and can issue up to 10 company cards instantly at no cost. On top of that, spend management tools are built in, so you can track every dollar worldwide with clarity and control.

Fees:

• Annual fee: S$400

• Foreign transaction fee: 3.25%

• Effective interest rate: 26.90% to 29.99% p.a. (compounded)

• Late payment fee: S$100

• Card replacement fee: Not stated

Citi Corporate Card

The Citi Corporate Card is designed for business spend, offering up to 0.5% cashback on eligible purchases and access to Citi’s credit services and partner discounts. But the rewards come with conditions. Cashback is tiered between 0.3% and 0.5%, depending on your annual spend, which means savings are limited unless your company pushes significant volume through the card. 

When it comes to features, Citi’s offering offers limited flexibility. There are no virtual cards, and its expense management tools are fairly basic. By contrast, Airwallex lets you issue up to 10 company cards at no cost, each with 0% international transaction fees and 1% unlimited cashback on every purchase – no tiers, caps, or conditions. With Airwallex, you also get access to advanced spend management tools that let you set individual card limits, block spending categories, and create multi-layer approval flows – helping you maintain oversight across teams, entities, and markets while keeping your business moving.

Fees:

• Annual fee: S$150 + GST

• Foreign transaction fee: 3.25%

• Effective interest rate: 27.9% p.a.

• Late payment fee: S$100

• Card replacement fee: Not stated

Wise Business Card

The Wise Business Card is a debit card made for handling international payments. It lets you spend from the Wise Business Account using held balances and a mid-market exchange rate. 

However, it lacks the features growing businesses often need. There’s no cashback, no rewards, and no built-in tools to manage team expenses. Virtual cards and basic limits are available, but limited controls make the Wise card better suited for small teams looking for simple FX solutions. 

Airwallex is built differently. It’s more than just a card for FX payments – it’s a complete business spend management platform. You get cashback on every purchase and 0% international transaction fees, helping you save more on every transaction. Beyond cost savings, Airwallex gives you full visibility and control over company-wide spending. You can instantly set card limits, block spending categories, automate multi-layer approvals, and manage everything from a single, centralised dashboard.

Fees:¹⁸ 

• Card issuance fee: S$4 per card

• ATM withdrawal fee: Free two withdrawals up to S$350 per month, then S$1.5 per withdrawal

• Currency conversion fee: From 0.35%

• Card replacement fee: S$4

• E-wallet top-ups: 2%

Revolut Corporate Card

The Revolut Business Card lets businesses issue physical or virtual cards that support multi-currency spend. It also comes with the ability to set basic spend limits and track expenses in real time.  While it offers more control compared to traditional bank cards, it doesn’t offer cashback or additional perks.

Other Revolut Business tools, such as higher FX limits, bulk transfers, and no-fee international transfers, are unavailable on its free plan. Even on paid plans, some features like FX allowances and transfers still have limits, so you may need to upgrade again as your business grows. 

With Airwallex, you avoid those trade-offs. Our free Explore plan gives you competitive FX rates on every transaction, no matter the size. You also get advanced spend management tools like multi-layer approvals, instant card freezing, and direct integrations with your accounting software. It’s everything you need in a corporate card, without the hidden costs or limits.

Fees (Basic plan): 

• Card issuance fee: $9.99 per card

• ATM withdrawal fee: 2% per withdrawal

• Currency conversion fee: From 0.6% beyond monthly plan limits, and 1% for exchanges outside market hours

• Card replacement fee: S$9.99

Aspire Corporate Card

The Aspire Corporate Card is a debit card designed to help companies manage purchases and track expenses. It offers 1% cashback, but only on advertising and SaaS subscriptions, which can be restrictive if your spending doesn’t fit these categories. International purchases come with a 1.5% FX fee that quickly adds up with frequent transactions. Aspire may work for companies with predictable, ad-heavy budgets, but it leaves gaps for those with more varied needs. 

Airwallex fills those gaps with a complete global spend solution. Instead of cashback tied to narrow categories, our Corporate Cards earn 1% unlimited cashback on every transaction. Instead of high FX fees, you get transparent FX rates and the ability to spend from multi-currency wallets with no foreign transaction charges. 

But Airwallex offers more than just a card. It ties your corporate spend into a single platform where expenses can be approved, reconciled, and automatically synced to your accounting software. That same system also powers your international transfers, multi-currency wallets, and ecommerce payments — so every part of your financial operations is in one place.

Fees:

• Card issuance fee: First card free, then S$15 per card

• ATM withdrawal fee:  S$5 per overseas ATM withdrawal (excluding bank processing fee)

• Currency conversion fee: 1.5%

• Card replacement fee:  S$15 per physical card

YouBiz Corporate Card

The YouBiz Corporate Card is part of YouTrip’s business offering, giving companies a way to manage everyday spending while earning 1% cashback on all purchases. It works for basic corporate expenses, but the wider YouBiz platform is more limited. It supports fewer currency accounts and lacks tools like payment gateways and yield-generating currency accounts. As your business grows, these gaps can force you to piece together multiple vendors to manage different financial needs. 

In contrast, Airwallex Corporate Cards come as part of an all-in-one financial platform designed to scale with your business. Beyond issuing cards, you get advanced spend management tools and seamless integrations with your accounting software. From paying suppliers to reconciling expenses, everything runs in one place – so instead of juggling multiple providers, you manage your global finances from a single platform. 

Fees:

• Card issuance fee: No fee

• ATM withdrawal fee: Temporarily waived¹⁹ 

• Currency conversion fee: 0%

• Card replacement fee: No fee

Stay in control of every expense with Airwallex Corporate Cards

Corporate cards are more than just a tool for handling business expenses – they’re a core part of how modern businesses maintain a healthy cash flow and take control of their growth. But traditional credit cards are often weighed down by high fees, slow approval processes, and limited control over how and where money is used. Airwallex was built to solve that.

The Airwallex Corporate Card is a multi-currency debit card that lets you spend in multiple currencies from held balances in your wallet, eliminating foreign transaction fees and other hidden charges. If you need to convert currencies, Airwallex does it for you at market-leading interbank rates – with no hidden markups, no matter the transaction size.

Getting cards into the hands of your team is fast and simple. You can instantly issue virtual or physical cards to employees in 50+ countries, with no need for separate bank accounts or lengthy applications. 

You’ll also get full control over how each card is used, with the ability to set spending limits, block certain merchant categories, and freeze or cancel cards with a few clicks. With expense management built in, all transactions sync with your accounting software – including Xero, QuickBooks, and NetSuite – to simplify reconciliation and reduce manual errors. 

But the real strength of Airwallex lies in how it brings all your financial operations together. Alongside cards, you get access to Global Accounts to accept and hold funds in 20+ currencies like a local. Our seamless integrations with eCommerce platforms also lets you accept customer payments via 160+ local payment methods and settle like-for-like, cutting out forced conversion fees and boosting conversion rates.  

When you choose Airwallex Corporate Cards, you don’t just get a multi-currency corporate card — you gain access to a unified global finance platform, giving you the control, transparency, and the scale to grow without stitching together separate tools.

How to apply for Airwallex Corporate Cards

Unlike traditional bank cards, you don’t need to submit a separate application for every employee. Once you open an Airwallex Business Account, you can instantly issue Corporate Cards to team members. 

Here’s how to get started:

• Step 1: Open an Airwallex Business Account 

You can create an Airwallex account in minutes, at no cost.

Step 2: Verify your business

Provide business registration details and documents like ACRA Business Profile, ID of directors or UBOs, and proof of address. Everything can be uploaded online — no need to visit a branch.  

Step 3: Start issuing Corporate Cards Once your account is verified, contact your Airwallex Account Manager to enable Cards. Add funds to your account, and you’re ready to issue virtual or physical cards.

Frequently asked questions (FAQs)

What is the difference between a corporate credit card and a personal credit card?

A corporate credit card is tied to your business, not your personal finances. It’s made for company expenses, and often comes with tools to track and control how money is used. Personal credit cards don’t offer that level of oversight and aren’t built for commercial use.

What are the benefits of an international corporate business card?

An international corporate business card is designed to make multi-currency purchases easier and more cost-effective for businesses. Depending on the card, you might earn extra rewards on foreign currency spend or benefit from no foreign transaction fees. Some fintech providers like Airwallex let you instantly issue cards to international teams, saving you from the hassle of getting cards through overseas banks.

Is the Airwallex Corporate Card a physical or virtual card?  

It depends on the card type issued. The Airwallex Company Card is available as a virtual corporate card only, while the Airwallex Employee Card can be issued as a virtual or physical card. Learn more about the difference between Company Cards and Employee Cards.  

Sources:

1. https://www.airwallex.com/sg/spend-management/cards

2. https://www.dbs.com.sg/sme/day-to-day/business-cards/dbs-visa-business-platinum-card

3. https://www.uob.com.sg/business/transact/cards/uob-business-card.page

4. https://www.ocbc.com/business-banking/smes/transactions/business-credit-card

5. https://www.americanexpress.com/en-sg/business/business-card/airlines-business-credit-card/

6. https://www.citibank.com.sg/credit-cards/commercial-cards/citi-corporate-card/

7. https://wise.com/sg/business/card

8. https://www.revolut.com/en-SG/business/cards/

9. https://aspireapp.com/corporate-card

10. https://www.you.co/biz/unlimited-cashback/

11. https://www.americanexpress.com/content/dam/amex/en-sg/business/small-business/singapore-airlines-business-credit-card/sbs_card_member_agreement.pdf

12. https://www.dbs.com.sg/documents/276102/390958176/Commercial+Cards+Rates+and+Fees+Schedule+%28Jan+23%29.pdf/8e265296-17f9-0d0d-040a-4b0e79231552?t=1677487063532

13. https://www.ocbc.com/iwov-resources/sg/ocbc/business/pdf/ocbc-business-cards/fees_and_charges_for_business_credit_card.pdf

14. https://www.revolut.com/en-SG/legal/business-basic-fees/

15. https://www.citibank.com.sg/global_docs/microsite/e-welcome-rewards/commcards/pdf/Citi-Commercial-Cards-Info-Sheet.pdf

16. https://www.revolut.com/en-SG/legal/business-basic-fees/

17. https://www.uob.com.sg/assets/web-resources/business/pdf/transact/cards/uob-corporate-cardmember-agreement.pdf

18. https://wise.com/sg/pricing/business/card-fees

19. https://youbiz.zendesk.com/hc/en-us/articles/7112533219481-Can-I-withdraw-cash-from-local-and-overseas-ATMs-with-my-YouBiz-card

This publication does not constitute legal, tax, or professional advice from Airwallex, nor does it 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 (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.