Airwallex corporate card review 2026: Features, fees, and benefits

Rating

Overall rating: 4/ 5

Methodology

Our evaluation of the Airwallex corporate card is based on a clear and transparent rating framework, designed to provide an objective overview of its overall quality and performance.

Arithmetic mean approach

The final score is derived by calculating the arithmetic mean, which involves adding up the individual category scores and dividing the result by the number of categories.

Equal weighting

Each category – Features, Pricing & FX, Global payments, Ease of onboarding, and Support & ecosystem – is assigned equal importance, ensuring a balanced and unbiased score.

Data sources

Our ratings are based on a combination of official documentation, publicly available pricing and feature details, third-party reviews, and verified user feedback.

Interpretation caveat

While this method provides a fair and objective benchmark, it does not reflect individual business priorities.

Intended use

The final score should be viewed as a general performance indicator, useful for making comparisons and informing decision-making. It should be considered alongside your business’ specific needs and priorities.

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Airwallex corporate card key features in 2026

Built as an add-on component to the Airwallex business account – explored in depth in this Airwallex business account review – the Airwallex Borderless Card is a convenient, inexpensive resource for covering business expenses and streamlining cash flow. Since its launch in Singapore in 2022, it has witnessed accelerated adoption by local businesses looking for modern solutions for their international operations.

Here are the key features of the Airwallex corporate card:

Multi-currency Visa card

The Airwallex corporate card is a multi-currency debit card that can hold 11 major currencies – SGD, HKD, GBP, USD, EUR, JPY, AUD, CAD, NZD, CHF, and MXN.¹ It also facilitates international payments in 130+ currencies. It is powered by Visa and accepted across the Visa payment network. Airwallex cards can be issued in 50+ countries¹.

Corporate card and employee card

The Airwallex corporate card comes in two versions – a company card and an employee card. The company card bears the company name and is meant for company purchases and payments such as office supplies, utilities, software subscriptions, vendor payments, etc. The employee card is designed to take care of individual employee expenses (business travel, entertainment, etc), eliminating the need for out-of-pocket spending and subsequent reimbursement claims. It bears the employee's name.

Physical and virtual cards

Airwallex offers both virtual cards and plastic cards. Airwallex offers free unlimited virtual cards that can be issued instantly – although the actual number of cards that can be issued depends on the customer's specific Airwallex plan. As for physical corporate cards, customers can create cards for up to 5 spend users for free. For every subsequent spend user, Airwallex charges a fee of SGD $5 per month.

Cashback

Airwallex corporate cards offer 1% cash back on business and employee spend such as office supplies, marketing, and subscriptions. The cash back is credited to the card holder's invoice monthly.²

Zero foreign transaction fees

There is no international transaction fee for payments made in your holding currency. But if a currency conversion is needed when you pay your overseas supplier or clients abroad, then foreign exchange fees will apply.

Auto convert feature

Airwallex allows card holders to transact in a currency they don't hold or are running low on by automatically drawing from and converting their home currency balance. The conversion is seamless and doesn't require a prompt from the card holder, who incurs a currency conversion fee.

In-built expense management

With Airwallex's expense management tools, card holders can set spending limits and create merchant categories for each card, track transactions, freeze or cancel cards instantly, and simplify their expense reporting process considerably.

Accounting integrations

Airwallex offers seamless and efficient book-keeping as a result of integrations with leading accounting software such as Xero, NetSuite, and QuickBooks. Customers benefit from automatic hourly syncing of transactions, automatic reconciliations, and embedded payment links for faster collection.

Instant card issuance

For those who've already set up their Airwallex business account, issuing corporate cards takes just minutes. Virtual cards are immediately available while plastic cards arrive by post and can be delivered to each individual card holder's address.

Airwallex corporate card fees and exchange rates in 2026

Here are the various charges associated with Airwallex corporate debit cards:

Card fees

There is no charge for issuing virtual corporate cards up to the stipulated number allowed under each Airwallex plan (see below). For physical cards, you are allowed up to 5 spend users for free and adding an additional spend user costs SGD $5 per month per spend user.

Transaction fees

There is no foreign transaction fee for international transactions made in the holding currency.

FX fees

Currency conversion fees are imposed at the rate of 0.4% above inter-bank rates for major currencies and 0.6% for other currencies.³

Account fees

As the Airwallex corporate card comes linked to an Airwallex global account, let's look at account fees as well. Airwallex does not charge an account opening fee, but it offers three types of plans, for which it charges monthly subscription fees. The plans and subscriptions are as such:

• Explore: This is the free plan with features including multiple business accounts, 10 free company cards, access to interbank FX rates, accounting integrations, and much more
  
• Grow: With a monthly subscription of SGD $79 per month, customers get everything in Explore plus more. Users are entitled to 50 free company cards as well as personalised multi-conditional approvals, remittance advice for bills, etc
  
• Accelerate: The most expensive plan at SGD $399 per month, Accelerate includes everything in Grow plus unlimited corporate cards, dedicated account manager, onboarding support, and more⁴
  

How to apply for an Airwallex corporate card in Singapore

Eligibility

To start issuing Airwallex corporate cards, one must first fulfil the requirements for opening an Airwallex business account.

Documentation

Card issuance is instant and paperless. However, certain business documents are required for Airwallex business account set-up. These include certificate of incorporation, proof of address, ID proof of directors/owners, letter of authorisation, and so on.

Airwallex corporate card application process – A step-by-step guide

• On the Airwallex website, go to 'Cards', then to 'Create card'
  
• Choose between physical and virtual cards
  
• Next, decide between a company card and employee card
  
• Submit the billing currency and card name. Digital cards are instantly issued while physical cards arrive by post at the address provided by you
  
• In the meantime, customise your card by setting a business spending limit, and listing approved merchants, countries, and transactions
  
• Enable expense management and connect with your accounting software to effectively manage expenses
  

Who is the Airwallex Singapore corporate card best suited for

The Airwallex corporate card is targeted at small businesses with multi-currency payments needs, especially in the 11 supported currencies. Airwallex not only allows them to receive foreign currency payments locally but also to spend that currency without converting to SGD, helping them save on foreign exchange fees.

Airwallex is also a good fit for companies with growing teams and remote workforces as the provision of multiple free digital cards helps streamline expense management while maintaining full visibility and tight control on employee spend.

Airwallex compliments its business banking services with a full suite of financial management solutions such as accounting integrations and real-time expense tracking at an affordable price, making it a popular choice among start-ups and small teams.

Airwallex Singapore corporate card is not suitable for

Airwallex is not a good match if you are looking for a corporate card that supports ATM withdrawals, offers lines of credit, and has interest-free periods like business credit cards. Furthermore, Airwallex facilitates payments by drawing on the funds in your balance. The requirement to keep your account funded at all times might be a challenge for some small companies.

Airwallex corporate card pros and cons

An Airwallex Borderless Card offers the following advantages:

• Multi-currency support
  
• Extensive global coverage powered by Visa
  
• Facility to receive and make payments in multiple foreign currencies locally at zero transaction fees
  
• Automatic currency conversions at competitive FX rates
  
• Virtual cards and physical cards
  
• Virtual card issuance in minutes
  
• Built-in expense management tools for setting spending limits, creating merchant categories, tracking expenses in real time, etc
  
• Accounting integrations for seamless book-keeping
  

However, there are a few disadvantages, including:

• Default transaction limit of USD $50,000 or its equivalent⁵
  
• No ATM withdrawal or credit facilities
  
• Only available to Airwallex business account holders
  

Airwallex corporate card vs Aspire corporate card

Here is how the Airwallex corporate card stacks up against the Aspire corporate card:

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Other alternatives to Airwallex corporate card

Revolut corporate card

Revolut offers physical and virtual corporate cards for in-person and online spending in 150+ currencies with its stainless steel cards for higher-tier users being a stand-out feature. Revolut customers can set personalised approvals and spend limits for tighter control. Each employee is eligible for up to 3 active physical cards and 50 free virtual cards. The first physical card is free. Cards can be used to make ATM withdrawals wherever Visa and Mastercard are accepted.⁸

Wise Business card

The Wise Business Card is a multi-currency Visa debit card that can hold, pay, and receive in 40+ currencies across 160+ countries. Physical and virtual cards are available for a one-time account fee and no monthly or annual fees. Like Airwallex, Wise offers tools to manage expenses, integrations with accounting software and wallets. Unlike Airwallex, Wise Singapore supports international ATM withdrawals with two free withdrawals in a month.⁹

Conclusion

Backed by Visa's extensive international coverage, the Airwallex Borderless Card is favoured by global businesses as a handy tool to manage international payments and maintain healthy cash flow for an affordable price. However, the Aspire multi-currency corporate card takes a slight edge on several fronts. Its foreign exchange rates are more competitive, starting at 0.22% above mid-market rates, and there are no foreign exchange fees for spending in SGD and USD. For companies needing multiple physical cards, Aspire has a more straightforward provision with a one-time card processing fee of SGD $15 (first card is free). A special reward for Aspire card holders is a 1% cash back on digital marketing, SaaS, and e-commerce and business logistics purchases. With incorporated expense management, accounting and API integrations, the Aspire corporate card is designed to help you track and control spending through smarter choices.

FAQs

Can Airwallex be trusted?

Yes. Airwallex is licensed in Singapore and multiple other countries. It protects client funds by holding them in segregated accounts at reputable banks. It also complies with Payment Card Industry Data Security Standard (PCI DSS), an essential certification for institutions handling card payments. Furthermore, Airwallex uses advanced authentication and real-time fraud detection tools to prevent card fraud.⁷

What is an Airwallex corporate card?

It is a multi-currency debit card powered by Visa that allows users to hold and pay in 11 major currencies at zero foreign transaction and foreign exchange fees.

Which countries is Airwallex available in?

Airwallex has card issuance capabilities in 50+ countries. Due to its partnership with Visa, Airwallex basically works wherever the Visa network exists.

What is the limit of Airwallex cards?

Airwallex cards come with a default transaction limit of USD $50,000 or its equivalent.

Is Airwallex a Visa card?

Yes, all Airwallex cards are powered by Visa.

Can Airwallex transfer to a bank account?

Yes, Airwallex permits fund transfers to bank accounts through both local and global SWIFT rails.