UOB corporate cards for SMEs in 2026: Comparing the differences

Breaking down the different UOB corporate cards

1. UOB Platinum Business Card

With bills coming in from all directions, keeping track of your company's cash flow can be a thorn in the flesh. The UOB Platinum Business Card positions itself as a comprehensive solution for SMEs managing regular business expenses across multiple categories.

Key features and fees:

• Annual fee: SGD $180 (as of 2026)
• Cash rebate: 0.3% on all card transactions
• Merchant programmes: Access to UOB Commercial Privileges Programme offering discounts from business suppliers in technology, utilities, logistics, and office supplies
• Travel insurance: Complimentary coverage up to S$1,000,000 for travel accidents and personal mishaps
• Additional benefits: Mastercard Easy Savings programme providing instant cashback at participating merchants including major technology retailers

Verdict: This UOB corporate card offers cost savings through exclusive discounts on business expenses like utilities and programmes. The UOB Platinum Business Card may suit businesses looking to maximise value through rebates and supplier privileges.

2. UOB Business Plus Card

If you've just gotten your business up and running, and need access to cash flow, the UOB Business Plus Card offers credit facilities. The UOB Business Plus Card functions as a credit facility, providing working capital access through extended payment terms and credit interest.

Key features and fees:

• Annual fee: SGD $97.79 (first 2 years waived)
• Credit interest rate: 1.15% per month (13.8% p.a.), subject to change based on market conditions.
• Payment terms: Up to 60 days interest-free upon full payment
• Cash rebate: Access to UOB SMART$ Rebate programme for cashback at participating merchants
• Travel insurance: Coverage up to SGD $1,000,000
• Merchant privileges: UOB Commercial Privileges Programme access
• Business Payment Facility: Draw cash from available credit limit for instalment payments

Verdict: If you're looking for a convenient and flexible way to maintain your cash flow, the UOB Business Plus Card may suit your needs.

3. UOB Business World Debit Card

If you're a small business preferring to avoid credit repayments, this might be the solution for you. The UOB Business World Debit Card operates as a direct link to the business current account, providing immediate transaction visibility and spending control.

Key features and fees:

• Annual fee: SGD $36.67 (waived for first 3 years)
• Cash rebate: 1.5% on eligible spend (as of February 2026);
• Account integration: Direct debit from UOB Business Current Account
• ATM access: Global UOB ATM network for cash withdrawals
• Transaction tracking: Real-time posting to account statements
• Airport lounge access: Over 1,300 lounges globally at US$32 per visit
• Travel insurance: Up to US$ 100,000 coverage

Verdict: The UOB Business World Debit Card may suit micro-businesses that are just starting out. Monitor your transactions with ease while saving on business spend, and enjoying UOB card privileges.

Which UOB card option suits which business type?

Rather than prescribing a single "best" option, businesses should evaluate cards against their operational profile:

Consider UOB Platinum Business Card if:

• Your business requires comprehensive travel insurance
• You spend regularly across diverse business categories
• Supplier discounts through Commercial Privileges align with your vendors
• You prefer established banking infrastructure

Consider UOB Business Plus Card if:

• Your business experiences seasonal cash flow variations
• You need extended payment terms for large purchases
• Credit facility access is a priority

Consider UOB Business World Debit Card if:

• Real-time expense visibility is critical
• You prefer avoiding credit accumulation
• Your business maintains consistent cash reserves

Looking for a debit card alternative for your business?

If you're a startup or SME exploring options to optimise advertising spend, consider the Aspire Corporate Card.

The Aspire Corporate Card has no annual fees and offers 1% cashback on online marketing and SaaS spend. Merchants that qualify under the cashback include social media platforms like Facebook and Google.

Aspire Corporate Card holders are also entitled to exclusive deals with a range of Aspire Partners.

Here's a table comparing the Aspire Corporate Card with UOB's corporate cards:

Frequently Asked Questions

Are foreign exchange fees charged on UOB corporate cards?

Yes. Foreign currency transactions incur 3.25% administrative fees. SGD transactions processed overseas face 1% (credit) or 2.8% (debit) international processing fees as of 2026.

What is the UOB Business Plus Card interest rate?

1.15% per month (13.8% per annum) on outstanding balances. This rate is subject to change based on market conditions.

Who is eligible for UOB corporate cards?

Singapore-registered businesses with active UOB business accounts. Specific eligibility criteria including revenue thresholds may apply; contact UOB directly for current requirements.

Can I get multiple cards for different employees?

Yes, UOB corporate cards support multiple cardholders under one corporate account. You can issue supplementary cards to employees with spending limits, though control granularity may be limited compared to fintech alternatives.

What happens if I don't pay my UOB Business Plus Card balance on time?

Outstanding balances accrue 1.15% monthly interest (13.8% annually), plus potential late payment fees. Consistent late payments may affect your credit facility and business credit rating.

Does Aspire Corporate Card offer travel insurance like UOB cards?

No, Aspire Corporate Card does not include complimentary travel insurance. Businesses requiring travel coverage should either choose UOB cards or purchase separate travel insurance policies.

Can I switch between UOB corporate card types?

Yes, you can apply to change card types based on evolving business needs. Contact UOB business banking to discuss switching between Platinum Business, Business Plus, or Business World Debit options.

Marissa Saini