Best Corporate Credit Cards for Businesses 2024

Finally, the YouBiz Corporate Card has no annual fee or minimum account balance, which is great for start-ups looking for an affordable SME banking account in the long run. SMEs with multiple business transactions on a global scale or those seeking to drive expansions overseas should definitely consider the YouBiz Corporate Card.

Amex SIA Business Card's luxury travel perks also add significant value as well as convenience and comfort to your business trips. Each cardholder enjoys 2 free lounge visits per year for themselves and a guest, plus free travel insurance, complimentary night's stay with Accor Plus across Asia-Pacific, and Hertz rental car privileges. With S$15k+ spend on SIA brands within the first year, a registered corporate traveller can also be upgraded to KrisFlyer Elite Gold status. Finally, account holders can immediately benefit from the card's new first-year fee waiver and updated sign-on bonuses, which include hotel staycation opportunities in light of the current pandemic.

Finally, Amex SIA Business Card helps out SMEs year-round with its extended payment terms, offering up to 51 interest-free days from the transaction date (21 days from the statement date) and a 0% interest instalment plan via Amex Pay Small. This allows businesses with irregular cash flow to continue operating without added costs. Overall, Amex SIA Business Card is one of the best options on the market for companies that conduct a substantial amount of business overseas.

Aspire Corporate Card is highly competitive in a few additional ways. Its foreign transaction fee is just 0.50%, which is markedly lower than what's charged by similar cards (some of which have fees of up to 3.25%). The account holder also has access to a variety of deals and discounts with Aspire partners like Slack, Indeed and many more–again perfect for web-based start-ups. Finally, there are no card fees which is somewhat rare amongst SME options. Overall, Aspire Corporate Card offers modern start-ups with big marketing budgets an affordable way to earn and save on web services.

Amex SIA Business Card's luxury travel perks also add significant value as well as convenience and comfort to your business trips. Each cardholder enjoys 2 free lounge visits per year for themselves and a guest, plus free travel insurance, complimentary night's stay with Accor Plus across Asia-Pacific, and Hertz rental car privileges. With S$15k+ spend on SIA brands within the first year, a registered corporate traveller can also be upgraded to KrisFlyer Elite Gold status. Finally, account holders can immediately benefit from the card's new first-year fee waiver and updated sign-on bonuses, which include hotel staycation opportunities in light of the current pandemic.

Finally, Amex SIA Business Card helps out SMEs year-round with its extended payment terms, offering up to 51 interest-free days from the transaction date (21 days from the statement date) and a 0% interest instalment plan via Amex Pay Small. This allows businesses with irregular cash flow to continue operating without added costs. Overall, Amex SIA Business Card is one of the best options on the market for companies that conduct a substantial amount of business overseas.

In addition to high rates, cardholders also enjoy free travel accident insurance of up to S$1 million. Other benefits include up to US$1.65 million coverage per company for employee misuse, rewards for payment of select recurring bills, and customisable credit limits for individual cardholders. Ultimately, DBS Visa Platinum Business Card is a great choice for businesses prioritising high cashback without the corresponding high annual fee.

Volopay offers flexible credit lines of up to 500K on the cards and the credit scoring process takes little to no time. Best of all, your entire card spending qualifies for cashback. Fx transactions receive 1% cashback, so does your online hosting, subscription, and overseas spending all effectively receive a 1% discount each month. At the end of its operation cycle, it helps you to close your books faster, as all your business expenses sit directly into the accounting software you use daily. All the features come with an extra layer of security, as you might not need all those plastic cards for your expenses, just create virtual credit cards on the go, set custom budgets, and you’re all set! With Volopay, you get your personal account manager as soon as you onboard, who is always there with you, from setting up your accounts, to answering any of your queries, support is 24/7 available.

Beyond supplier discounts, cardholders also enjoy free travel accident insurance. While there is a S$180.0 annual fee, it's rather moderate compared to the general market and is also waived the 1st year.

Nonetheless, DBS World Business Card's fee is validated by its incredible range of perks, many of which are ideal for networking. To start, cardholders receive an additional 5%+ rebate, which is automatically credited to the account, for spend with select MasterCard Easy Pay merchants. Eligible vendors span from hotels and restaurants to business services like Microsoft & Apple. Additional MasterCard Privileges offer discounts on golf, entertainment and shopping worldwide, and DBS Business Benefits provides fuel savings. Paired with a 1% rebate on all local dining, entertainment & travel, these perks make DBS Business World a remarkable option for those with meaningful social spend–perhaps those entertaining prospects or collaborating with peers.

Beyond these perks, DBS Business World also rewards travel and spend overseas. Cardholders earn 2% cashback for purchases in foreign currency, and also enjoy up to 10 free lounge visits per year and free travel insurance. Overall, DBS Business World is an ideal SME credit card for high-end business travellers with a client-facing or social role.

In terms of perks, MB Business Platinum offers practical benefits like flexible credit limits, rewards for automatic bill pay, extended interest-free crediting and more. However, the card comes with additional benefits that support client-facing or social employees. For example, cardholders can receive as much as 20% off dining bills at high-end restaurants around Singapore, making it easy to entertain clients or to plan group outings for coworkers. The TREATS Rewards Programme likewise offers discounts at Michelin-listed restaurants.

Business travellers can also benefit from global concierge services, free travel insurance and complimentary lounge access (1 visit per S$1k transaction). MasterCard promotions frequently offer free nights at exclusive hotels both locally and worldwide. Therefore, those that conduct business overseas can still enjoy perks and savings in their travels. Nonetheless, MB Business Platinum Card is still a bit less accessible than alternatives. Companies must be registered in Singapore, have at least 1 local Director, and must have been in operation for 2+ years with an annual sales turnover of S$200k+.

Speaking of variation, card features differ slightly depending on designated liability type. Companies have the option to decide between Sole Corporate Liability, Joint & Several Liability or Cardmember/Personal Liability. Essentially, these designations just reflect who assumes responsibility for making on-time card payments. All types earn the same rewards rate, but the minimum income requirement for foreign employees is higher with cardmember/personal liability than with other types (S$42k compared to S$30k). In all cases, the company's minimum net worth must be S$50k+, with the exact requirement depending on years of operation.

Finally, the card's annual fee is just S$160.5, which is lower than some competitors'. All things considered, Citi Corporate Card is probably best fit for larger companies seeking a less expensive and easy to use card, all without having to pay for unnecessary perks and privileges.

Companies who can overcome these barriers open their employee cardmembers to a myriad of luxury perks. Cardholders enjoy unlimited lounge access, free travel insurance, and complimentary Accor Plus, Fraser World Diamond & Elite DISCOVERY Black Status memberships. Other perks include 4 free green fees in Asia Pacific & 12 free valet services per year. Altogether, these benefits allow executives to enjoy top-tier comfort when travelling, plus golfing privileges which can help with networking. In most cases, these perks truly validate the expensive annual fee.

Finally, cardholders earn 2% cashback on dining & overseas, 1.5% locally and 0.3% on utilities. These rates are much higher than the market standard for SME cards, making UOB Regal Business Metal Card an excellent option for high-spending executives with frequent business travel. Ultimately, while this card may not be appropriate for the everyday employee, its luxury perks and privileges may be a perfect fit for upper management.