OCBC business credit card review 2026: Features, fees, and benefits

Rating

Overall rating: 4/5

Methodology

Arithmetic mean approach

The final score is calculated by averaging all category scores to provide a balanced assessment.

Equal weighting with relevance adjustment

Each pillar is assigned weightage based on practical importance. Core areas such as credit flexibility, pricing, and global usability carry more weight, while supplementary features such as rewards and perks carry relatively less weight.

Data sources

This evaluation is based on official OCBC product information and publicly available features. Where certain fees or operational nuances are not fully disclosed, scores reflect these limitations.

Interpretation caveat

The rating reflects a generalised SME use case and may vary depending on credit usage, repayment behaviour, and international transaction volume.

Intended use

This rating is intended as a directional comparison tool, not a definitive recommendation.

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Key features of the OCBC business credit card

Cashback and rebate structure

The OCBC Business Credit Card offers a tiered rebate system across key spending categories:

• 3% rebate at selected eco-friendly merchants such as Microsoft, Meta, and Apple
  
• 1% rebate on foreign currency transactions
  
• 0.2% rebate on SGD transactions¹
  

There is no minimum spend requirement and no cap on total rebates earned, allowing businesses to accumulate rebates across all eligible spend.

Interest-free credit period

The card provides an interest-free period of up to 53 days on transactions. This typically includes 23 days from the statement date, provided there is no outstanding balance carried forward, enabling short-term working capital flexibility.

Sustainability-focused positioning

Positioned as a sustainable business credit card, it encourages environmentally conscious spending. Higher rebates are aligned with eco-friendly merchants, supporting businesses that prioritise sustainability in their operations.

Sustainability Spend Index (SSI)

The card provides access to the Sustainability Spend Index (SSI), which estimates carbon dioxide (CO₂) emissions from spending patterns. It breaks down emissions by category, helping businesses assess and benchmark their environmental footprint.

Partner offers and business savings

Cardholders can access a range of merchant offers and discounts, including:

• Travel platforms such as Agoda, Expedia, and Hotels.com (up to 8% off bookings)
  
• Hospitality benefits with Preferred Hotels & Resorts
  
• Digital tools such as Xero (subscription discounts) and Shopify (cashback on plans)
  

These offers are tied to card usage and vary based on promotional periods.

Foreign currency and international usage

The card supports international transactions, with foreign currency payments processed via Mastercard or Visa networks.

• Foreign currency transactions are subject to a 1% network fee and a 2.25% bank administrative fee
  
• Non-USD transactions are first converted to USD, then to SGD
  
• An additional 1% fee may apply for SGD transactions processed overseas (including online payments)
  

How to get an OCBC business credit card in Singapore

Step 1: Check eligibility requirements

Before applying, ensure both the business entity and the applicant meet the required criteria.

Entity requirements

• The business must be registered and operating in Singapore
  
• Applicable to sole proprietorships, partnerships, LLPs, or private limited companies
  
• At least 30% owned by a Singapore citizen or permanent resident
  
• Annual turnover of SGD $20 million or less
  

Applicant requirements

• Must be at least 21 years old
  
• Must have a minimum annual income of SGD $30,000
  

Step 2: Prepare required documents

To complete the application smoothly, keep the following ready:

• MyInfo Business or Singpass login details (for faster verification)
  
• Latest 6 months bank statements (if you are not an OCBC account holder, not required for businesses less than 12 months old)
  
• Guarantor documents (if applicable):
  

• ID and proof of address (for non-Singaporean/PR guarantors)
  
• Latest 2 years Notice of Assessment (NOA)
  

• Company financials (for larger businesses):
  

• Latest 2 years profit and loss statement
  
• Balance sheet (required for Pte Ltd/LLP with turnover above S$5 million)
  

Step 3: Complete the application form

The application can be completed online in approximately 10 minutes.

• Enter your business and personal details
  
• Upload or verify documents via Myinfo Business or Singpass
  
• Your progress is automatically saved, allowing you to complete the form in stages if needed
  

Step 4: Provide contact details

Submit accurate contact information, as OCBC will use these details to:

• Reach out for additional information (if required)
  
• Provide updates on your application status
  

Step 5: Application review and approval

Once submitted, the bank reviews the application based on:

• Business profile and financials
  
• Applicant eligibility and income
  
• Supporting documents
  

Upon approval, the credit card is issued to the business

Pros and cons of the OCBC business credit card

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OCBC business credit card vs Aspire corporate card

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Other alternatives to the OCBC business credit card in Singapore

DBS World business card

The DBS World business card offers a strong mix of rewards and business-friendly features. It provides up to 2% cash rebate on foreign currency spend, along with rewards on local categories, making it suitable for both domestic and international expenses³. Businesses also benefit from airport lounge access, travel insurance, and automatic rebates with Mastercard Easy Savings. With real-time expense tracking on DBS IDEAL, spend controls, and employee misuse coverage, it supports both visibility and control, making it a practical option for SMEs managing regular business spend.

Citi corporate card

The Citi corporate card is built for businesses that want simple rewards and structured spend control. It offers up to 0.5% cashback or Citi ThankYou points on spend, along with up to 55 days of interest-free credit to support cash flow⁴. Key benefits include travel accident insurance (up to S$1 million), corporate liability cover for employee misuse, and expense reporting tools for better visibility. Businesses also get access to exclusive partner deals, rewards redemption options, and mobile app-based tracking, making it a practical option for companies managing employee expenses with basic rewards and protection features.

Wise Business card

The Wise Business card is designed for businesses managing international payments with transparent, low-cost FX and multi-currency support. While it does not provide credit like a corporate credit card, it enables businesses to hold and spend in multiple currencies using the mid-market exchange rate, helping reduce conversion costs. You also get instant virtual cards, low-cost physical cards, and basic spend controls at the card and user levels, along with integrations with tools such as Xero, QuickBooks, and NetSuite. With a pay-as-you-go pricing model and a one-time setup fee of SGD $99⁵, it is well-suited for businesses prioritising cost efficiency and global payments over credit access.

Conclusion

The OCBC Business Credit Card is a suitable option for Singapore businesses that need short-term credit, simple rewards, and integration with a traditional banking setup.

However, beyond core credit and rewards, it offers limited automation and spend management capabilities, with no approval workflows, accounting integrations, or advanced controls for growing teams.

For businesses looking for a more integrated solution, Aspire combines corporate cards with expense management, accounting integrations, payroll, and invoice management.

Open an Aspire business account to streamline payments, expenses, and accounting in one place.

Frequently asked questions

What is the Sustainability Spend Index (SSI)?

It estimates your business’s carbon footprint based on card spend, showing category-wise emissions and a benchmark score in your statement.

How are eco-friendly merchants selected?

Eco-friendly merchants are identified using a Green Merchant Scorecard, developed with sustainability consulting firm ENGIE Impact. Merchants are evaluated based on:

• Evidence: Availability of emissions data
  
• Commitment: Clear targets or timelines to reduce emissions
  
• Action: Demonstrated progress in lowering emissions
  

Merchants scoring higher across these areas are classified as eco-friendly.

Does the OCBC business credit card include expense management features?

No, features like approval workflows, receipt capture, or auto-matching are not available.