Corporate credit cards help businesses manage employee spending and business expenses. Explore a side-by-side comparison of corporate cards in Singapore across fees and rewards
Key takeaways
- Corporate credit cards let businesses provide authorised employees with a dedicated credit facility for business expenses
- Traditional corporate credit cards use a credit facility, while multi-currency payment cards draw directly from an existing account balance
- Each credit card charges a different interest or finance rate, ranging from 12% to 27.9% per annum, as per the providers covered in this guide
- The World Card is a virtual card linked to a World Account supporting business payments in 150+ currencies
Singapore has more than 400,000 registered business entities, and credit and charge cards accounted for 67.6% of total card payment value in 2025. For businesses, a corporate credit card can help separate employee expenses from personal spending while giving finance teams greater visibility over business transactions.
All credit cards vary in their fees, eligibility requirements, rewards, credit limits and foreign transaction charges. This guide compares five corporate cards, covering their key features and costs. It also looks at the World Card, a virtual card linked to a multi-currency World Account.
What is a corporate credit card?
A corporate credit card is a credit card issued to a business rather than an individual. The business authorises employees or other cardholders to use the card for approved business expenses such as supplier payments, software subscriptions, advertising, travel and office costs.
The company is generally responsible for establishing the card programme, credit limit and payment arrangements. Depending on the liability structure, responsibility for repayment may sit with the company, employee or both.
How does a corporate credit card work?
A business applies for a corporate card programme and undergoes the provider’s eligibility and credit assessment. Once approved, the provider establishes a company-level credit facility. Employee cards can then be issued against that facility, where available.
Transactions are charged against the relevant card or company account. Finance teams can use statements, dashboards and reporting tools to reconcile expenses and monitor employee spending.
If the outstanding balance is not paid according to the card’s terms, interest or finance charges may apply. Some cards instead require full payment by the due date depending on the liability arrangement.
What to look for in a corporate credit card
When comparing corporate credit cards, businesses can assess:
- Credit limit: The total credit available to the business
- Number of cards: Whether employee cards can be issued and how many are permitted
- Spending controls: Individual limits, transaction controls and card lock/unlock functions
- Annual fee: Whether fees apply per card and whether introductory waivers are available
- Interest rate: Charges that can apply when balances are not paid within the applicable no-interest period
- Foreign transaction fees: Costs associated with purchases in foreign currencies or processed overseas
- Rewards: Points, cashback or air miles on eligible business purchases along with the terms and conditions that apply
- Expense management: Reporting dashboards, statements and accounting integrations
- International acceptance: The reach of the relevant VISA, Mastercard or American Express network
- Eligibility: Business registration, ownership, turnover, income and other provider requirements
Top corporate credit cards in Singapore
1. DBS Platinum Business Card
The DBS Platinum Business Card is a VISA business credit card for Singapore businesses, designed for recurring bills, supplier payments and other operating expenses.1 Companies can issue employee cards under an overall company credit limit and set individual limits based on cardholder requirements.1
The card offers up to 55 days of no-interest credit on purchases and earns DBS Points on eligible spending, which can be redeemed for rewards such as vouchers or air miles, subject to terms and conditions.1
Cardholders also receive up to S$1 million in travel accident insurance when the full airfare is charged to the card.1 Employee misuse coverage up to US$25,000 per cardholder (maximum coverage of US$1.65m for the company) is available for eligible companies with two or more cards.1
Fees: The annual fee is S$196.20 per card, with a one-year waiver, while a S$45 late payment fee applies2
*Fees checked in August 2026
→ Here’s the full DBS multi-currency account review
2. UOB Corporate Card
The UOB Corporate Card is designed to manage employee business expenses with customised controls.3 Businesses can set credit limits for individual card users and view expenses through merchant-category reporting.3
UOB also offers multi-currency corporate cards in USD and HKD, alongside corporate liability waiver insurance subject to eligibility conditions.3 Travel insurance up to S$1,000,000 and Mastercard Travel Pass benefits are available subject to their respective terms.3 UOB also provides commercial rewards and merchant privileges, but cashback or promotional benefits are subject to terms and conditions and may change.3
Fees: The annual fee is S$97.79 per card, with the first year waived, while replacement cards cost S$203
*Fees checked in August 2026
3. OCBC Business Credit Card
The OCBC Business Credit Card is aimed at Singapore SMEs and combines business spending with sustainability reporting.4 It offers a no-interest period of up to 53 days and provides rebates on qualifying business transactions at eco-friendly merchants, subject to programme terms.4
An OCBC Business Account is required to get the card.4 The business must be incorporated in Singapore, at least 30% Singaporean- or Singapore PR-owned and have annual turnover of S$20 million or less.4 Plus, the applicant must be at least 21 and have annual income of at least S$30,000.4
Any foreign transactions made via this card incur a 1% card association fee + 2.25% bank administrative fee. The card also comes with partner offers on travel and business tools, including hotel discounts, golf benefits, and promotional offers on Xero and Shopify Singapore.4 These offers are valid until 31 December 2026, subject to terms and conditions.4
Fees: The annual service fee is S$196.205
*Fees checked in August 2026
→ Here’s a side-by-side comparison between DBS vs OCBC
4. Maybank Business Platinum Mastercard
The Maybank Business Platinum Mastercard is a Mastercard for Singapore businesses with employee cards, consolidated statements and individual credit limits within the company’s overall limit.6 It offers up to 51 days of no-interest credit, travel insurance and airport lounge access, alongside TREATS Points that can be redeemed for eligible rewards.6
Foreign-currency transactions can also be made via this card and attract fees of up to 3.25%.6 Eligibility includes a business operating for at least two years with annual sales turnover of at least S$200,000.6
Fees: The annual fee is S$196.20 per card, waived for the first two years6
*Fees checked in August 2026
5. AMEX Green Corporate Card
The American Express Green Corporate Card is a corporate charge card for business expenses, with expense-management services, employee card administration and travel-related benefits.7 It supports foreign-currency transactions, with a 2.5% foreign transaction fee applied to each transaction after conversion to USD.7 Eligible companies can enrol in Corporate Membership Rewards, with rewards accumulated at company level, while points remain valid as long as the account is active and in good standing.7
The card can earn up to two Membership Rewards points per S$1 spent on eligible corporate purchases, subject to terms and conditions.7 Enrolled Card Members can also use Corporate Cash to withdraw the local-currency equivalent of up to US$1,000 every seven days from ATMs worldwide.7 A transaction fee applies (not specified) to each withdrawal.7
Fees: The annual fee may be up to S$75, while the late payment fee is S$39 or 2.99% of the past-due amount, whichever is higher8
*Fees checked in August 2026
Best corporate credit card Singapore: Head-to-head comparison
| Feature | DBS Platinum Business | UOB Corporate Card | OCBC Business Credit Card | Maybank Business Platinum Mastercard | AMEX Green Corporate Card |
| Card network | VISA2 | VISA/Mastercard3 | VISA5 | Mastercard6 | AMEX7 |
| Annual fee | S$196.202 | S$97.793 | S$196.205 | S$196.206 | Up to S$758 |
| Interest/finance | 12%2 | Not specified | 24%5 | 27.9% p.a.6 | Not specified |
| Foreign transaction fee | Up to 2.25%2 | Not specified | 1% + 2.5%5 | Up to 3.25%6 | 2.5%8 |
| Rewards | Available1 | Available3 | Available4 | Available6 | Available7 |
| Expense management | Available1 | Available3 | Available4 | Available6 | Available7 |
| Employee cards | Yes1 | Yes3 | Yes4 | Yes6 | Yes7 |
| Eligibility | Minimum applicant income of S$30,0001 | Not specified | S$20m turnover or less4 | Two years of company operation and ≥S$200k turnover6 | Not specified |
*Fees checked in August 2026
→ You can also read about the best corporate cards for small businesses here
Corporate credit cards vs multi-currency business payment cards
A corporate credit card provides short-term credit for business expenses, with monthly billing and rewards structures. A multi-currency business payment card provides direct spending from held balances, useful for businesses managing multi-currency operations.
| Feature | Corporate credit card | Multi-currency business payment card |
| Funding source | Business credit facility with an approved credit limit | Money already held in a linked multi-currency account |
| Credit line | Yes | No |
| Interest charges | Interest can apply when the balance is not repaid within the no-interest period | Interest is not typically charged on payments |
| Spending limit | Set by the approved credit limit | Set by the available account balance and applicable payment rules |
| Foreign currency handling | Foreign transactions are converted to the base currency, often with a foreign transaction fee | Card can draw directly from foreign currency balances held in the linked account, subject to supported currencies |
| Other fees | Annual fee, foreign transaction fee, late payment charges | Conversion fees may apply when spending in currencies not held in the linked account |
| Repayment | Monthly statement with payment due within the billing cycle | Not applicable, since transactions draw from the account balance |
The World Card: A virtual payment card for global operations
The World Card is a Mastercard-powered virtual card used for business payments. It is linked directly to the World Account, WorldFirst’s multi-currency account. The World Account allows businesses to receive and hold funds in 20+ currencies, including SGD, USD, GBP, EUR, CNH, AUD, NZD, JPY and HKD.
Businesses can add funds from an external bank account or, where supported, by card. Once funds are held in the World Account, the World Card can draw directly from the relevant currency balance when making a purchase.
The World Card supports payments in 150+ currencies wherever Mastercard is accepted. It can be used for software subscriptions, advertising, supplier payments and other business purchases. Up to 20 multi-currency cards can be issued, with custom spending, freeze and unfreeze controls available.
Additional features of the World Card
- There are no fees for payments in 15 supported currencies when there is sufficient balance held in the currency
- Freeze or unfreeze cards instantly and set individual spending limits
- Earn cashback on eligible purchases, subject to terms and conditions
- Use the card with Apple Pay and Google Pay
- Pay Chinese suppliers via World Pay, the authorised international payment provider for 1688.com
| Fee type | World Card fees |
| Card issuance fee | Zero |
| Annual fee | Zero |
| Currency conversion fee | Zero when paying in any of the 15 supported currencies with sufficient balance held in that currency |
*Fees checked in August 2026
FAQs
1. Can I use a corporate credit card for personal use?
Corporate cards are generally intended for authorised business expenses and are governed by the company’s card policy and provider agreement. Personal use may breach those rules, create accounting complications or result in the employee being responsible for the transaction.
2. How to apply for a corporate credit card in Singapore?
The process generally involves selecting a card, confirming business eligibility, submitting company and financial documents, completing the application and undergoing the provider’s assessment. Some products require an existing business bank account.
3. What is the corporate credit card limit?
The corporate credit card limit is the maximum amount the business can have outstanding under the approved facility. The provider determines the overall limit based on its assessment, while some programmes allow the company to allocate individual limits to employees.
4. What is the best corporate credit card in Singapore?
There is no single best corporate credit card in Singapore. The five featured cards differ in annual fees, rewards, foreign transaction fees, employee card options, expense management tools, spending controls and eligibility requirements. Comparing these features and the business’s spending needs can show how each card suits different corporate requirements. The World Card can be used for business payments in Singapore but differs because it is not a credit card; it links to a multi-currency World Account, allowing businesses to pay directly from available currency balances.
Sources
- https://www.dbs.com.sg/sme/day-to-day/business-cards/dbs-visa-business-platinum-card
- https://www.dbs.com.sg/documents/276102/390958176/Commercial+Cards+Rates+and+Fees+Schedule.pdf/03b3e2ae-4472-e248-cbf3-8abb6d096277?t=1688118408215
- https://www.uob.com.sg/business/transact/cards/uob-corporate-card.page
- https://www.ocbc.com/business-banking/smes/transactions/business-credit-card
- https://www.ocbc.com/iwov-resources/sg/ocbc/business/pdf/ocbc-business-cards/fees_and_charges_for_business_credit_card_2024.pdf
- https://www.maybank2u.com.sg/en/personal/cards/credit/maybank-business-platinum-mastercard.page
- https://www.americanexpress.com/en-sg/business/corporate-card-programmes/green-corporate-card/index.html
- https://www.americanexpress.com/en-us/business/corporate/cards/green-card/benefit-terms-assurance-disclosures/
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
