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Wise Business card review: Features, fees and alternatives

Last update: May 18, 2025

Contents

Explore our detailed review of the Wise Business card and compare it to alternatives like the World Card.

Key takeaways

The Wise Business card supports payments in 55+ currencies
There’s no charge for virtual debit cards; physical cards may attract a separate fee
Wise offers one account and up to three virtual cards per account

Multi-currency cards are a practical solution for businesses that make frequent international transfers. The best multi-currency card for your business will 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?

Wise offers virtual and physical debit cards for businesses, allowing payments in 40+ currencies across 160+ countries [1].

You can get up to 3 virtual debit cards for your team at no additional cost. For more virtual cards, you’ll have to remove and replace the existing ones [5]. Physical cards may attract a separate fee [6].

Keep in mind that while the virtual cards themselves are free, you’ll need to pay AUD 65 to unlock Wise Business account features — including local currency account details and the 3 free virtual cards [1].

To use the card, you need to top it up and add funds to your Wise account wallet. The Wise card is connected to a Wise Business account, so you can also use the existing balances in your Wise account or add funds to make payments through the card.

→ Take a look at our detailed Wise Business account review to learn more about the foreign currency account.

Pros and cons of the Wise Business card

Pros	Cons
Supports physical and virtual cards Supports 40+ currencies [1] Powered by Mastercard	Only one physical card per account [4] Only three virtual cards are allowed at a time [4] No cashback offers

Wise Business card fees: An overview

	Wise [2]
Card issuance fee	Free for up to 3 virtual cards; physical cards may attract a fee
Annual fee	Zero
Recharge / Top-up fee	2% of the top-up amount
Fee for card transactions	If you have available funds in the same currency: Zero If you don’t have sufficient funds in the same currency: Currency conversion fee starting at 0.65%
Account opening fee for the multi-currency account linked to the card	AUD 65 (23 currencies) Only customers with multi-currency account access can apply for Wise Business cards

*Fees checked in March 2025

Wise Business card: Main features

Spending with the card

You can use the Wise Business card in stores or online – anywhere Mastercard is supported.

If you have a balance in the currency you’re spending, there will be no charges for the transaction. For instance, if you’re paying in USD and already hold USD in your account, you won’t pay any foreign exchange fees.

If you don’t have any available funds in the currency you’re paying with, a currency conversion fee starting from 0.65% will apply [2]. Additionally, if you need to top up your Wise account, an account funding fee will also be charged.

Getting multiple cards for your team

You can only get one physical card, issued in the name of the Wise account holder. However, you can create multiple virtual cards for your team – up to three at a time – at no additional cost.

Cards can be issued to any team member who has been added to your Wise account [4].

According to Wise, the only major difference between physical cards and their digital versions is that virtual cards don’t have a PIN number. Digital cards can be used online or through devices that support contactless payments [4].

Security

Wise cards use 3D Secure, an additional layer of protection at checkout for online transactions, to prevent card fraud [3]. To confirm each transaction, you’ll receive a 6-digit verification code via email or SMS.

Cashback offers

Wise Business doesn’t offer cashback.

Alternative to Wise Business card: The World Card

The World Card is a multi-currency debit card that lets you pay in 150+ currencies, wherever Mastercard is accepted. World Account holders can apply for a World Card for free to streamline their business spending.

The World Card is linked to your World Account, a multi-currency account that lets you pay, get paid, hold and convert funds in over 20 currencies. When spending with the World Card, you’ll pay no foreign exchange fees in15 supported currencies, as long as you have enough balance in that specific currency.

As an added bonus, you’ll get 1% uncapped monthly cashback on your spend (cashback offers are subject to change). T&Cs apply (link to cashback T&Cs)

Fees	WorldFirst	Wise [2]
Card issuance fee	Zero fees for all cards	Free
Annual fee	Zero	Zero
Recharge / Top-up fee	Zero	2% of the top-up amount
Fee for card transactions	15 major currencies (e.g. USD, GBP, EUR, CNH, AUD): Zero, as long as you have 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% (for Mastercard’s exchange rates, refer to their currency conversion calculator)	If you have available funds in the same currency: Zero If you don’t have sufficient funds in the same currency: Currency conversion fee starting at 0.65%
Account opening fee for multi-currency account linked to the card	Zero (20 currencies)	AUD 65 (23 currencies)

*Fees checked in March 2025

Sources:

https://wise.com/au/business/card
https://wise.com/au/pricing/business
https://wise.com/help/articles/2935771/where-will-my-wise-card-work
https://wise.com/help/articles/1AqrRndtxosydM2GLR3U6T/getting-started-with-your-wise-digital-card
https://wise.com/help/articles/2935762/how-do-i-order-a-wise-card
https://wise.com/help/articles/2934551/what-are-the-wise-card-fees?origin=search-fees+with+wise+card

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.

Based in Sydney, Jim is responsible for the WorldFirst business across Australia and New Zealand. He brings with him over 25 years of experience helping Business Owners, CFO’s and Treasury Managers overcome the challenges with cross border payments and navigating volatile foreign exchange markets.

Jim Vrondas

Author

Country Manager ANZ at WorldFirst

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Wise Business card review: Features, fees and alternatives

What is the Wise Business card?

Pros and cons of the Wise Business card

Wise Business card fees: An overview