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.

• Fintech alternatives like the Airwallex Corporate Card offer multi-currency capability, no international transaction fees, and built-in expense management.

• 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 hand out rewards, they put you in control of every dollar your team spends. You see budgets and track spending in real time, and can plan for growth without the guesswork.

Traditional credit cards weren’t built for the way global businesses run today. Hidden fees, FX charges, and delayed visibility chip away at margins — especially when you’re paying SaaS vendors overseas or settling invoices across multiple markets.

Airwallex changes that. Our corporate cards can be created in minutes, ready to use in over multiple currencies, with built-in spend controls that scale with your team – whether you’re an SME stretching every dollar or a fast-growing enterprise expanding across regions.

In this guide, we break down Singapore’s top 10 corporate cards options and show how Airwallex offers a smarter, more scalable way to manage global expenses.

What is a corporate card?

A corporate card is a payment card issued to a business rather than an individual, allowing employees to pay for authorised work-related expenses such as travel, meals, software subscriptions, or supplier payments. Unlike personal credit cards, corporate cards are tied directly to the company’s account, giving finance teams real-time visibility into spending, tighter control over budgets, and fewer out-of-pocket claims.

Most companies start with corporate credit cards, which extend a line of credit and sometimes offer rewards. These cards are useful for short-term financing but can carry annual fees, FX charges, and limited spend tracking.

Modern corporate cards may be virtual or physical and are often issued by banks or fintech providers. Many come with multi-currency support, automated spend controls, and integration with accounting software, making them popular for global and growing businesses.

How does a corporate card work?

Corporate cards can be issued by traditional banks or by modern fintech providers. Banks typically require individual applications for every employee, often leading to days, sometimes weeks, of paperwork and approvals.

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.

Cards today do more than just replace petty cash. Finance teams can assign physical or virtual cards to specific teams or projects, set custom limits, freeze or unfreeze them in real time, and see every transaction the moment it’s made. Instead of sharing a single company card or chasing reimbursements, each employee has their own – improving accountability and making spend tracking effortless.

The real advantage comes when these cards feed directly into your expense and accounting systems. Every payment is captured automatically, so month-end reconciliation takes minutes, not days.

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 and issue physical or virtual cards in seconds. Every card also comes with built-in expense management, so teams can automate receipt collection, set custom approval flows, and sync effortlessly 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. It provides interest-free credit and basic spend controls, such as company-assigned limits and consolidated billing. However, it carries an annual fee of S$196.20 and applies foreign currency transaction charges – costs that erode savings quickly for businesses with frequent overseas spend.

• 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 marketed as a sustainable business card. It offers 3% rebate at a small number of eco-friendly merchants, 1% on foreign currency spend, and 0.2% on local transactions.

• The American Express Singapore Airlines Business Credit Card targets frequent business travellers. 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 S$400 annual fee and 3.25% foreign transaction charges, which 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. Find out more through our in-depth review of the Wise Business Card.

• The Revolut Corporate Card is a multi-currency debit card available in physical, virtual, or metal formats. It includes basic spend management tools, but advanced controls such as custom spend limits and expense approvals are only available on higher tier plans. In contrast, Airwallex comes with a built-in expense management suite – including reimbursements – at no added cost. We explore how this compares with Airwallex in our Revolut vs Airwallex guide.

• The Aspire Business Card is a virtual debit card with basic spend tools and accounting integrations. It offers 1% cashback, but only on digital marketing and SaaS spend with selected merchants. Learn more about the Aspire and how it compares with Airwallex via our Aspire vs Airwallex comparison.

•  The YouBiz card is a corporate debit card that offers built-in expense tracking and a multi-currency Business Account. However, it supports only nine currencies and its international transfers include hidden fees that can add up for businesses with overseas payments.  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

For teams making frequent cross-border payments, a multi-currency debit card is essential. Instead of paying steep conversion fees, you can spend directly from held balances and avoid the foreign transaction charges typical of traditional credit cards. With the Airwallex Corporate Card, you can withdraw from balances in currencies such as USD, EUR, AUD, GBP, and more.

Ease of card issuing

How fast you can get a corporate card often depends on where your team is based and the provider you choose. In many regions, traditional banks still require lengthy paperwork and separate applications for every employee – a process that can stretch into days or even weeks.

Airwallex makes issuing cards almost instant. From a single dashboard, you can create virtual or physical cards in just a few clicks and assign them to employees across different markets.

Spend control and misuse prevention

Without the right controls, corporate cards can quickly become a free-for-all. Picture a last-minute first-class upgrade instead of business class, or payments to unapproved vendors — all unnoticed until month-end. By then, budgets have already been blown and margins have taken the hit.

With Airwallex Corporate Cards, you can set spend limits for each cardholder to keep budgets on track, add category-based restrictions to block off-policy purchases, or require multi-layer approvals so managers sign off before spending happens. And if anything unexpected does slip through, tools like instant card freezing let you act immediately – preventing small mistakes from becoming big costs.

Fees and charges

Before choosing a card, look past the headline annual fee to understand the true cost of everyday use. Pay attention to what you’ll be charged most often — whether it’s foreign-currency transactions, ATM withdrawals, or late-payment fees.

If keeping costs low is your priority, debit cards can help you avoid many of the hidden charges that come with credit. Airwallex Corporate Cards are multi-currency and charge no transaction fees on international or domestic spend. You can also skip conversion fees by spending directly from your held balances.

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 charges a 3.25% foreign transaction fee on every payment – a cost that adds up quickly if you have suppliers, teams, or subscriptions to pay for in foreign currencies. In contrast, Airwallex 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 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 – 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 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 access to 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 withdrawals of up to S$350 per month; S$1.50 per withdrawal thereafter

• Currency conversion fee: From 0.26%

• 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 any 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 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 it may work for basic corporate expenses, the wider YouBiz platform is limited in terms of scope. 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.