Which Company Credit Card is Best for Businesses in Singapore in 2025?

If you’re looking for convenient ways to manage your company spending you may be interested to learn about the best corporate credit cards in Singapore based on your individual business needs. Having a business card can make it easier for you and your employees to spend on behalf of your businesses, simplifying the expense management process - but which is the best company credit card out there?

This guide walks through some of the best company credit cards available in Singapore, plus as credit cards aren’t necessarily the best option for all transaction types, we’ll also touch on a few alternative corporate cards like the Wise Business Card that offer many of the same benefits as a credit card with none of the hassle.

Table of contents
Best corporate credit card Singapore: Head to head What to consider when choosing the best business credit card for your company Citi Business Card Maybank Business Platinum Mastercard UOB World Signature Business Card DBS Visa Platinum Business Card Wise Business Card YouBiz Aspire Corporate Card

Best corporate credit card Singapore: Head to head

We’ll look at these cards in more detail in a moment, but to give you a flavour let’s take a look at a head to heads comparison based on some key features and fees.

Card	Annual fee	Cash advance/ATM fee	Foreign transaction fee	Cashback and benefits
Citi Business Card1	150 SGD	15 SGD or 6%, whichever is higher2	Up to 3.25%	2 Citi Points per dollar spent Complimentary insurance options
Maybank Business Platinum Mastercard3	196.20 SGD (First 2 years waived)	15 SGD or 8%, whichever is higher	Up to 3.25%	Earn TREATS points as you spend Complimentary insurance options
UOB World Signature Business Card4	183.36 SGD	15 SGD or 8%, whichever is higher5	3%	0.3% cash rebate Complimentary insurance options
DBS Visa Platinum Business Card6	196.20 SGD (Waived for 1 year)	15 SGD or 5%, whichever is higher7	3.25%	Complimentary travel accident and employee misuse insurance
Wise Business Card	No annual fee	2 withdrawals to 350 SGD/month free*, then 1.5 SGD + 1.75% fee	No foreign transaction fee	Mid-market exchange rates and options to hold and exchange 40+ currencies in the Wise Business account
Youbiz Card8	No annual fee	Waived at the time of research9	No foreign transaction fee	1% cashback on eligible spending
Aspire Corporate Card10	No annual fee11	5 SGD withdrawal fee12	Aspire uses its own exchange rate which may include a fee	1% cashback on digital advertising & SaaS

*Details correct at time of research - 16th December 2024
*Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks

How does a corporate card work?

A business or corporate card may be issued as a debit or credit card, and can come from a bank or a non-bank specialist provider. You may choose to get a corporate card for your own use, and you can also issue additional cards to your employee to make it easier to manage company expenses. You’ll be able to set adjustable limits for spending and withdrawals, to allow you to continue to manage your cash flow while giving your team the tools they need to do their job.

Many providers offer in-built expense management processes so that after an employee has made a business purchase on their company card, they can upload a receipt to make the accounting process simple and convenient. This can cut down on the time taken to process business expenses.

Different card issuers also have their own features and benefits, such as supporting low cost multi currency spending, or offering cards which can function both as debit or credit cards. We’ll explore some of these options for the best corporate credit cards in Singapore in this guide.

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What to consider when choosing the best business credit card for your company

Different cards have their own features - which lets you pick the card which has the best balance of perks for your specific business and spending patterns. Some things to look out for include:

• Rewards aligned with your business spending- corporate credit cards may offer cash back on all or select business spending, or ways to earn rewards and treats when you use your card
• Low annual fees and competitive interest rates- keeping down fixed and ongoing costs is important to allow you to manage your business finances most effectively. While many cards do offer annual fee waivers for new customers, the fees for credit cards can be pretty steep, at around 200 SGD per card per year
• Expense management tools- some providers offer in-app expense management tools which allow employees to manage their expenses with nothing more than their card and their phone - this saves time and cuts out on a lot of paperwork
• Travel perks for business trips- many credit cards offer travel benefits aimed at business customers, like complimentary insurance and airmiles
• Additional employee cards at no extra cost- if you plan to issue employee expense cards you’ll need to look carefully at both the fees and limits for additional virtual and physical cards. Some services like Wise Business allow you to issue employee cards with a low one time fee per card, while other company credit card options will have ongoing annual charges for every card issued

So - now you know what to look out for in a corporate credit card, let’s take a more detailed look at the providers we’ve picked out in our selection of the best company credit cards and business cards in Singapore.

Citi Business Card

The Citi Business Card offers ways to earn Citi Points which you can then redeem for cash rebates or rewards through the Citi rewards catalogue. You can also get some complimentary insurance including some cover for travel and against card misuse by an employee. There’s an annual fee of 150 SGD for this card, with additional interest and fees to consider depending on how you use your card to transact.

In particular it’s worth noting that:

• Foreign transaction fee of 3.25% applies when spending overseas
• There’s a pretty high cash advance fee of 6% of the withdrawal amount if you use your card at an ATM.
• Interest accrues instantly on cash withdrawals, making this a costly way to get cash for business spending.

➡️ Get our full guide to Citibank corporate bank accounts here

Maybank Business Platinum Mastercard

You can get a Maybank Business Platinum Mastercard subject to meeting eligibility requirements, including having a Singapore registered company which has been in operation for at least 2 years, with an annual turnover of 200,000 SGD or more.

• Cards have flexible credit limits to suit different business needs, and allow you to earn TREATS points as you spend.
• Spend your TREATS points with mall or dining vouchers, or convert them to airmiles if you’d prefer.
• You can also redeem up to 50 SGD in TREATS points against card spending.

You’ll need to weigh up the perks you get with the Maybank Business Platinum Mastercard against the costs, including a fixed annual fee of close to 200 SGD, which is waived for 2 years.

➡️ Learn all about Maybank's corporate banking options here

UOB World Signature Business Card

The UOB World Signature Business Card offers a 0.3% cash rebate on eligible spending, as well as various perks including some complimentary insurance and dining privileges. Accounts also offer protections for some e-commerce purchases which can offer peace of mind when spending online.

It's worth noting that:

• There’s an annual fee of 183.36 SGD for this business card,
• Some additional fees when you spend overseas or if you use your card at an ATM.
• As with all credit cards, you might also run into interest or penalty fees depending on how you transact and whether or not you pay off your bill in full every month.

➡️ Read our review of the UOB Business Account for more details

DBS Visa Platinum Business Card

The key benefits of the DBS Visa Platinum Business Card include complimentary insurance if you pay for flights with your card, and employee misuse insurance in case an employee spends with your business card without your authority.

To apply for a DBS Visa Platinum Business Card you must be over 21 years old and have an annual income of at least 30,000 SGD. Cards do have an annual fee, which is waived in year one, and there’s also a foreign transaction fee of 3.25% whenever you spend in a foreign currency in person or online.

➡️ Learn all about DBS business account options available here

Wise Business Card

Illustration of Wise Business products

The Wise Business Card is a debit card rather than a credit card, which means that there's no interest to pay, and no need to worry about penalty charges. The Wise Business Card is linked to a Wise Business account which can be used to hold and exchange 40+ currencies, with mid-market exchange rates and low, transparent fees.

💡This can make the Wise Business account and card a smart choice if you’re trading internationally, or if you need to pay overseas contractors and suppliers. Wise Business also comes with local and SWIFT account information to get paid in 8+ currencies, making this a simple way to get paid by overseas customers while limiting the costs of currency exchange.

➡️ Learn More About Wise Business

YouBiz

YouBiz offers business accounts which support 9 currencies, and which allow you to create unlimited linked virtual cards, and order physical cards for ATM use as needed. The YouBiz business card is a debit card, not a credit card, which can mean it’s fairly cheap to use, but you will need to add money to your account in advance of spending, unlike with a credit card.

It's worth noting that:

• YouBiz has very few fees to worry about at the time of research.
• There’s no annual fee, and ATM charges are waived for now, too.
• YouBiz does not add a fee when you spend in foreign currencies - and you can check the YouBiz exchange rates in the app.

➡️ Read our Youbiz review here to learn more

Aspire Corporate Card

Aspire has multi-currency business accounts which support sending and receiving payments in 30+ currencies. You can also get both physical and virtual cards linked to your Aspire account, which can either function as a debit card, spending from the account balance, or be linked to an Advance line of credit, which would allow them to work more like a credit card.

You’ll be able to use your Aspire card in an ATM as long as you’re spending from an available account balance - credit line withdrawals are not allowed. Aspire markets itself as having better conversion rates than many banks - you’ll be able to see the exchange rate available in the Aspire app when you sign up.

➡️ Learn more about the Aspire Corporate Card in this full guide

How to apply for a corporate card

Many banks will allow you to apply for a corporate credit card online, particularly if you already have opened a corporate banking account with them. Digital first services like Wise and YouBiz manage the end to end process online, too, allowing you to set up an account and get your card with just your phone.

You’ll need to complete a verification process when you apply for any business card, submitting electronic or paper copies of various documents for checking.

When applying for a corporate credit card in Singapore, be prepared to submit:

• ACRA business profile
• Latest financial statements
• Directors' and shareholders' identification
• Income tax returns
• NRIC or other proof of ID for all company directors and card nominees
• Recent company bank statements if applying for a credit card

New to running a business in Singapore?
➡️ Learn all about ACRA and how it can support your venture here

Licensed non-bank business card services: an alternative to bank business cards

Throughout this guide we’ve explored both corporate credit cards issued by major banks, and a few alternatives from non-bank services.

Licensed non-bank services like Wise, YouBiz and Aspire can be a great alternative to using a bank issued corporate card, with low costs and flexible features for Singapore businesses, including:

• Multi-currency functions to allow you to trade more easily across different countries and currencies
• Cards typically are issued as business debit card options rather than as credit cards, making them a more affordable way to manage business spending, with no need to worry about interest or penalties.

Conclusion

The main functions of corporate cards are:

• To help a business track expenses and manage spending,
• Make it easy for employees to undertake business travel, and
• Manage their business expenses without using their personal credit cards.

💡Different cards have their own features and fees, but what’s important is that you pick the card which offers the best benefits based on your own spending needs and transaction types. For example, if you have a lot of overseas vendors and suppliers to pay monthly, having a credit card that charges a lot of FX fees on foreign currency spending would not be the most cost-effective solution.

Using a card like the Wise Business Card can help you make international payments with low fees and transparent pricing, so you can handle cross-border transactions with no unexpected fees eating into your profits. Use this guide to decide on the best corporate card for your business spending, looking at both bank issued credit cards and non-bank alternatives for flexible, low cost spending.

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Sources

1. Citi Business Card
2. Citi card members agreement
3. Maybank Business Platinum Mastercard
4. UOB World Signature Business Card
5. UOB card members agreement
6. DBS Visa Platinum Business Card
7. DBS commercial card rates
8. YouBiz
9. Youbiz help - ATM fee
10. Aspire Corporate Card
11. Aspire pricing
12. Aspire card guide

Sources checked on 16th December 2024