Corporate cards in Singapore sit across three product groups in 2026: bank-issued charge or credit cards, purchasing and virtual cards for controlled vendor spend, and fintech expense cards linked to business balances. The main decision is not only rewards. Finance teams should compare liability, cardholder limits, foreign currency charges, billing terms, approval controls, receipt capture and accounting export before choosing a programme.
Fees checked July 2026
Banks and fintech providers
No personal advice
Corporate Card Details for Singapore Businesses
Employee expenses, travel, subscriptions, procurement, supplier payments and online tools.
Charge card, business credit card, purchasing card, virtual card, debit expense card.
Annual fee, FX fee, late fee, cash advance fee, replacement fee, plan fee and optional rewards fee.
Confirm live fees and terms on the provider’s official fee page before applying.
For a company that needs a credit line and statement cycle, a bank business credit card or charge card may fit better than a debit wallet. For a team that mainly pays software subscriptions, ads, marketplace fees or overseas suppliers, a virtual card with spend rules may be easier to control. The difference between a charge card and a revolving credit product is explained further in the BanksInSG note on charge vs credit cards.
Fee terms can change. Annual fees, GST treatment, foreign currency charges, cardholder eligibility and promotional waivers may differ by company profile, liability model and product version. Use the table as a public-data comparison, then verify with the bank or provider.
Corporate Card Options in Singapore
| Provider / Card | Card Class | Public Annual Fee | FX / Overseas Cost | Controls and Reporting | Practical Fit | Official Check |
|---|---|---|---|---|---|---|
| DBS Corporate Charge Card | Bank charge card | No annual fee stated on product page | DBS commercial fee schedule should be checked for FX, DCC and card charges | Card reporting and expense management tool; custom ERP integration may be available | Larger teams that want master billing and company-level control | DBS product page |
| DBS Platinum Business / World Business Card | Business credit card | Check DBS commercial card terms | DBS fee schedule shows 3.25% total fees on foreign currency transactions involving Visa or Mastercard | DBS IDEAL access, card controls and commercial card statements | SMEs that want credit terms, rewards and bank card servicing | DBS card terms |
| UOB Corporate Card | Corporate card | S$97.79; first year waived | Check UOB card terms for overseas and currency charges | Company billing, card statements and business card servicing | Businesses already using UOB accounts and card services | UOB product page |
| OCBC Business Credit Card | Business credit card | S$196.20 inclusive of GST | 3.25% foreign currency transaction charge; 1% fee for certain SGD transactions processed overseas | Business card statements, rebates and account-linked servicing | SMEs that prefer a bank card with cashback-style rebates | OCBC fee sheet |
| Citi Corporate Card / Citi Business Card | Commercial credit card | S$163.50 per card inclusive of 9% GST | Administrative fee up to 3.25% on converted SGD amount for Mastercard or Visa processing | Several liability models; company or cardholder credit limit setup depends on programme type | Companies needing a structured commercial card programme | Citi pricing guide |
| Citi Purchasing Card / Citi Travel Account | Purchasing or travel account | S$30.56 per card inclusive of 9% GST | Check Citi pricing guide for foreign currency and processed-overseas terms | Product credit limit can be determined by the company, subject to bank approval | Procurement teams and central travel booking | Citi pricing guide |
| American Express Corporate Card | Corporate charge card | S$130.80 inclusive of 9% GST | Check Amex cardmember agreement for foreign currency and service fees | Corporate programme setup; optional rewards programme fees may apply | Travel and entertainment spend with corporate billing needs | Amex comparison |
| American Express Corporate Gold Card | Corporate charge card | S$168.95 inclusive of 9% GST | Check Amex cardmember agreement for foreign currency and service fees | Corporate programme setup; Corporate Membership Rewards fee may apply per enrolled card | Teams that value Amex corporate servicing and rewards options | Amex comparison |
| Standard Chartered Business Platinum Card | Business credit card | S$163.50 inclusive of 9% GST; waived for first 3 years | Check SC terms for foreign currency, late payment and finance charges | Bank credit card controls and business card servicing | SMEs comparing bank-issued business credit cards | SC product page |
| HSBC World Corporate Mastercard / Virtual Card | Corporate card and virtual card | Not publicly listed on public product page | CardUp promotional payment fee may apply for eligible card payments; card programme fees must be confirmed with HSBC | HSBC MiVision, virtual account numbers, personalised reporting and supplier payment controls | Corporate travel, procurement and supplier payment programmes | HSBC product page |
| Airwallex Corporate Card | Business debit / expense card | No annual fee stated by Airwallex | No foreign transaction fee stated; currency conversion fee may apply if the right balance is unavailable | Virtual and physical cards, spend limits, real-time dashboard and expense workflows | Cross-border SaaS, ad spend, travel and multi-currency operations | Airwallex cards |
| YouBiz Corporate Card | Corporate debit / expense card | No annual fee stated on public product page | 0% FX fee stated by YouBiz; exchange rate may differ from mid-market rate | Physical and virtual cards, team spend, multi-currency wallets and accounting links | SMEs with regular foreign-currency card spend | YouBiz card page |
| Aspire Corporate Card | Virtual and physical expense card | Annual fees free; first physical card per user free, subsequent cards S$15 | Matched-currency domestic transactions may have no card fee; FX terms should be checked in Aspire help | Spend limits, merchant locks, card creation controls and expense workflows | Startups and teams needing virtual cards and approvals | Aspire card fees |
| Revolut Business Cards | Physical and virtual expense card | Plan-based; card outside plan allowance may cost S$79.99 | Fees and plan allowances apply; check live Revolut pricing | Virtual cards, approval rules, account permissions and expense management | Teams needing many virtual cards and approval routing | Revolut pricing |
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Bank cards may provide credit terms and relationship servicing. Fintech expense cards may provide faster virtual card creation and tighter spend controls, but they are usually not a bank credit facility. Businesses with overseas spend should also review the BanksInSG explanation of foreign transaction fees before using any card as a default FX payment method.
Published Annual Fee Comparison
The figures below use public annual card fees from provider pages or fee sheets. It excludes provider plans, custom corporate pricing, one-off replacement fees, optional rewards fees and products where the public annual fee is not listed.
Selected Published Annual Fees
| Fee Item | Why It Matters | Verification Step |
|---|---|---|
| Annual card fee | Charged per card or per cardholder; a 25-card programme can multiply a small fee quickly. | Check whether the fee is waived, charged per card or quoted under a corporate agreement. |
| Foreign currency fee | A 3.25% card charge on S$10,000 of monthly foreign spend equals S$325 before other exchange effects. | Check card association fee, bank administrative fee, DCC fee and exchange-rate method. |
| Late payment fee | Some fee sheets list S$100 late charges for business or corporate cards. | Use GIRO or central payment rules where the provider allows it. |
| Optional rewards fee | Some corporate programmes add a separate rewards membership fee per enrolled card. | Compare the fee with real redemption value and eligible spend rules. |
For small firms comparing bank card fee waivers with personal or SME card fee rules, the BanksInSG note on annual fee waivers gives useful background. Rewards should be checked after the fee and FX layer, especially if the card is used for travel; the miles vs cashback comparison gives a plain-English way to think about that trade-off.
Controls to Compare Before Issuing Cards
Spend Limits
Look for per-card, per-transaction, daily and monthly limits. Finance teams should separate travel cards, procurement cards and subscription cards rather than using one shared card.
Merchant and Category Controls
Merchant locks and category blocks help stop a software card from being used for travel, retail or unrelated spend. This is especially useful for virtual subscription cards.
Approval Rules
Approval flows should match the company’s expense policy: manager approval for travel, finance approval for vendor payments and extra checks for foreign-currency spend.
Receipt Capture
A card programme is easier to audit when receipts, tax invoices, merchant names and categories attach to transactions before the monthly close.
Accounting Export
Check whether transactions can export to Xero, QuickBooks or ERP systems with departments, cost centres, GST fields and project codes intact.
Freeze and Replacement
Card lock, immediate cancellation, virtual card replacement and employee offboarding controls matter more than reward rates when staff turnover is high.
Employee cards should be treated like controlled access to company funds, not as informal staff perks. The same care applies to extra user cards and family-style card structures; the BanksInSG overview of supplementary cards is useful for understanding shared-card risk.
Which Corporate Card Type Fits Each Spend Pattern?
Travel and Entertainment Spend
Bank-issued corporate charge cards, Amex corporate programmes and premium business cards may suit companies that need consolidated travel statements, travel benefits and formal cardholder programmes. Check annual fee, overseas transaction cost, travel insurance conditions and who is liable for payment.
Software, Cloud and Ad Spend
Virtual expense cards can be easier to control because each subscription, ad account or vendor can have a separate card number, monthly cap and merchant lock. This lowers shared-card exposure and speeds up reconciliation.
Procurement and Supplier Payments
Purchasing cards, virtual cards and central travel accounts can support supplier categories that need approval and audit trails. Confirm whether the merchant accepts cards and whether any payment processing fee applies.
Foreign-Currency Spend
For overseas SaaS, ads and travel, compare foreign transaction fee, exchange-rate method, DCC treatment and wallet conversion fee. A zero FX fee claim should still be checked against the actual exchange rate and plan terms.
What Businesses Should Check Before Applying
Company Eligibility
Providers may ask for ACRA records, business profile, director details, shareholder information, bank account details and income or revenue evidence. Sole proprietors may face different liability and income checks from incorporated companies.
Liability Model
Ask whether the card is sole corporate liability, joint and several liability, cardmember liability or a debit card funded from company balances. The answer affects credit review, employee exposure and collections process.
Billing and Payment Cycle
Confirm the statement date, payment due date, grace period, minimum payment rules, GIRO setup and late payment fee. A charge card may require full payment by each due date.
Wallet and Contactless Use
Check whether employee cards can be added to Apple Pay, Google Pay or other mobile wallets, and whether transaction alerts reach finance or only the cardholder. The BanksInSG page on PayWave and mobile wallets covers payment method basics.
Corporate Card Policy Items to Set Internally
Define categories such as travel, software, client meals, professional tools, postage, events and office supplies.
Block personal spend, cash advances, gift cards, unrelated retail purchases and any category outside the employee’s role.
Set a submission deadline before statement close, with GST invoice rules for local purchases where relevant.
State when employees should pay in foreign currency instead of accepting dynamic currency conversion into Singapore dollars.
Require immediate reporting, card lock, provider hotline contact and finance team notice.
Freeze or cancel cards when an employee changes role, leaves the company or no longer owns a cost centre.
Avoid one shared card for all employees. Use named cards or vendor-specific virtual cards for cleaner audit trails.
Review limits quarterly and after major hiring, new markets, travel policy changes or overseas spend growth.
Businesses that use several cards for different reward categories should still keep finance controls above rewards. The BanksInSG article on card stacking explains why unmanaged card layering can make tracking harder.
Static Cost Examples
| Scenario | Static Estimate | What to Check |
|---|---|---|
| 20 employee cards at S$163.50 each | S$3,270 per year before optional programme fees | Whether the provider charges per card, per programme, per plan or by corporate quotation. |
| S$10,000 monthly overseas card spend at 3.25% | S$325 in card transaction fees before any exchange-rate difference | Card association charge, bank admin fee, DCC fee and refund treatment. |
| Five late corporate card payments at S$100 each | S$500 in late fees, plus any finance charge if the product allows unpaid balances | GIRO setup, due date, master billing cycle and payment hierarchy. |
| A dedicated virtual card for each software vendor | No fixed estimate; cost depends on provider plan and card issuance terms | Card creation limits, merchant locks, failed-payment alerts and accounting export. |
Verification Notes
Public card fees and controls were checked against official provider pages and fee sheets where available, including Monetary Authority of Singapore, Association of Banks in Singapore, DBS commercial card terms, UOB Corporate Card, OCBC business card fees, Citi pricing guide, American Express corporate card comparison, Standard Chartered Business Platinum Card and HSBC corporate card information.
Fintech expense-card information was checked from public provider pages including Airwallex, YouBiz, Aspire and Revolut. These products may not operate like bank credit cards. Check provider licensing, safeguarding arrangements, plan terms and wallet rules before moving company spend.
Corporate card pages often change promotions, annual fees, GST wording, FX fees and eligibility notes. A business should keep a copy of the latest fee sheet, cardmember agreement and internal approval record before issuing cards to staff.
FAQ
What is the main difference between a corporate card and a business credit card in Singapore?
A corporate card is usually set up for company-managed employee spend and may use company billing or corporate liability. A business credit card may be issued to an SME or business owner and can have revolving credit, minimum payment rules and personal or joint liability depending on the product.
Are fintech corporate cards the same as bank credit cards?
No. Many fintech corporate cards are debit or expense cards linked to a business wallet or account balance. They may offer strong virtual card controls and lower FX costs, but they usually do not provide the same bank credit line as a business credit card.
Which fee is easiest to miss on a Singapore corporate card?
Foreign currency and processed-overseas fees are often missed because they sit behind the exchange rate. Also check dynamic currency conversion, optional rewards fees, replacement fees, late charges and provider plan fees.
Should a company use one shared card for subscriptions?
A shared card is harder to audit and riskier when staff changes. Vendor-specific virtual cards with monthly limits are usually easier to freeze, replace and reconcile.
Can a corporate card replace an expense claim process?
It can reduce reimbursement work, but it should not remove policy checks. The company still needs receipt rules, approval limits, blocked categories and a monthly review process.
