A detailed review of the Wise Business card, covering what it costs, how it works, its spending limits, and how it compares to the World Card
Key takeaways
- The Wise Business card supports payments in 40+ currencies across 160+ countries.
- Wise offers one physical card per account and up to three virtual cards per account, with additional virtual cards available only by replacing existing ones.
- The Wise Business account carries a one-time setup fee (AUD 65 in Australia, or GBP 45 in the UK) that unlocks the card, multi-currency account details and virtual cards.
- Wise cards charge a currency conversion fee starting at 0.65% when spending in a currency you don’t hold in your account.
- Wise offers 0.5% cashback on eligible transactions for UK business card holders. Australian and other regional business cards do not currently offer cashback.
Multi-currency cards are a practical solution for businesses that make frequent international transfers. The best multi-currency card for your business can help you make payments in your preferred currencies, offer competitive exchange rates, and even earn rewards.
In this article, we take an in-depth look at the Wise Business card–its features, fees, benefits and alternatives. Dive in for a detailed analysis to find the right card for your global business needs.
What is the Wise Business card?
The Wise Business card is a multi-currency debit card that lets businesses spend directly from their Wise Business account. Payments can be made in 40+ currencies across 160+ countries, wherever Mastercard is accepted.1
Businesses can order one physical card in the name of the account holder, plus up to three virtual cards for team members at no additional cost.3 Physical cards may attract a separate fee.
The card is linked to the Wise Business account, which needs to be topped up or you can use the existing balances to make payments. If you’re spending in a currency you hold in your account, there’s no foreign exchange fee. If you don’t have the currency, Wise applies a conversion fee starting at 0.19%.2
Access to the card and multi-currency account requires a one-time account setup fee of AU$65 in Australia, which unlocks the account features including local currency account details and the three free virtual cards.2
→ Take a look at our complete Wise Australia business account review
Pros and cons of the Wise Business card
| Pros | Cons |
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Wise Business card fees overview
| Fee type | Wise2 |
| Card issuance fee | Free for the first virtual card. Physical cards may attract a separate fee. |
| Annual fee | Zero |
| Account opening fee for the linked multi-currency account | AU$65 (23 currencies) |
| Recharge / top-up fee | 2% of the top-up amount |
| Fee for card transactions (currency balance held in account) | Zero |
| Fee for card transactions (currency balance not held in account) | Currency conversion fee starting at 0.19% |
Fees checked in September 2026. Only customers with multi-currency account access can apply for Wise Business cards.
Wise Business card: Main features
Spending with the card
The Wise Business card works anywhere Mastercard is accepted, both online and in physical stores. Card behaviour depends on whether you hold the relevant currency in your Wise Business account:
- If you hold the currency in your account, the transaction settles at no foreign exchange charge.
- If you don’t hold the currency, a currency conversion fee starting at 0.19% applies to the transaction2
If you need to top up your Wise account to fund the card, an account funding fee also applies.
Getting multiple cards for your team
Wise Business accounts are limited to one physical card, issued in the name of the account holder. However, virtual cards can be issued for team members added to the Wise account, with up to three virtual cards active at any time.2
Virtual cards work for online transactions and contactless payments through supported devices. The main difference from physical cards is that virtual cards don’t have a PIN.3
Security
Wise cards use 3D Secure for additional protection on online transactions. A 6-digit verification code is sent via email or SMS to confirm each transaction, adding a layer of authentication that reduces card fraud risk.1
Cashback
Wise Business does not offer cashback on card transactions in Australia.
How do Wise Business card spending limits work?
Wise Business accounts have three types of spending limits that work together to control how the card can be used:4
Account limits: The overall amount that the account and all team members combined can spend and withdraw. These are mandatory and set by the account owner or team members with permission to set spending limits.
Cardholder limits: The amount each individual team member can spend and withdraw across all their cards. These are optional for account owners and mandatory for other team members with permission to order cards. They’re set by the account owner or team members with the relevant permission.
Limits per card: The amount that can be spent and withdrawn on a specific card. These are optional and set by the team member who owns the card.
For all three types, there are two limit windows:
- A monthly limit that refreshes on the first day of the month
- A daily limit that refreshes each day at midnight
Alternative to Wise Business card: The World Card
The World Card is a multi-currency card from WorldFirst that lets you pay in 150+ currencies wherever Mastercard is accepted. World Account holders can apply for up to 20 World Cards at no additional cost.
When spending with the World Card, there are no foreign exchange fees in 15 supported currencies, provided you hold enough balance in that specific currency. World Card holders also receive cashback on eligible spending. Terms and Conditions Apply.
The World Card is linked to the World Account, a multi-currency account from WorldFirst. Australian businesses use the World Account to open local currency accounts in 20+ currencies (including AUD, USD, GBP, EUR, CNH, SGD, JPY, NZD, HKD and CAD), collect payments from 130+ marketplaces and payment gateways like Amazon, Stripe, Etsy and PayPal, and send payments in 100+ currencies across 200+ countries and regions. There are zero fees for opening the account or receiving funds into it.
For businesses sourcing from China, WorldFirst is the authorised international payment provider for 1688.com, so 1688 supplier payments can be made in CNH directly from the account.
Forward contracts and firm orders are available for locking in exchange rates on future payments. The account also integrates with Xero and NetSuite to reduce reconciliation admin.
World Card vs Wise Business card
| Fees | WorldFirst | Wise2 |
| Account opening fee for the linked multi-currency account | Zero | AU$65 |
| Card issuance fee | Zero for up to 20 cards | Zero for the first card. Additional team cards charged per card |
| Annual fee | Zero | Zero |
| Fee for card transactions | 15 major supported currencies (e.g. USD, GBP, EUR, CNH, AUD): Zero when you hold enough balance in that currency.
Other WorldFirst supported currencies: WorldFirst foreign exchange fee applies. WorldFirst unsupported currencies: Mastercard exchange rate + WorldFirst margin of up to 1.5% |
Zero when you hold the currency. Currency conversion fee starting at 0.19% when you don’t hold the currency |
| Cashback | Cashback on eligible spending (Terms and Conditions Apply) | Cashback not available |
| Cross-border fee on same-currency transfers | Not applicable | AU$6 |
Fees checked in September 2026
→ Learn more in this WorldFirst vs Wise Business Australia comparison
FAQs
1. How much does a Wise Business card cost?
The Wise Business card is linked to the Wise Business account which has a one-time setup fee of AU$65 in Australia.2 The setup fee unlocks the multi-currency account details, the Wise Business card and up to three virtual cards.
2. Can I get more than three virtual cards on a Wise Business account?
No. Wise Business accounts are limited to three active virtual cards at any time. To create a new virtual card beyond this limit, you need to remove one of the existing cards first.
3. What currencies can I hold in a Wise Business account?
The Wise Business account supports local currency account details in 23 currencies for Australian accounts. Additional currencies can be held in the account but without local receiving details.
4. Does Wise offer cashback on business card spending in Australia?
No. Cashback on Wise Business card spending currently doesn’t offer cashback on card spending in Australia.
Sources
- https://wise.com/au/business/card
- https://wise.com/au/pricing/business
- https://wise.com/help/articles/1AqrRndtxosydM2GLR3U6T/getting-started-with-your-wise-digital-card
- https://wise.com/help/articles/2899986/what-are-my-wise-card-spending-limits?origin=related-article-2934551
Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.
