Wise business card review 2026: Features, fees, and benefits

Rating

Overall rating: 4.2/5

Methodology

Our evaluation of the Wise Business card is based on a structured framework tailored to how modern businesses use multi-currency cards for global payments and expense management.

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 its real-world importance. Core areas such as FX pricing, global usability, and spend control carry a higher weight, while supplementary features such as rewards carry a lower weight.

Data sources

This evaluation is based on official Wise documentation, publicly available pricing, and stated product features.

Interpretation caveat

The rating reflects a generalised use case and may vary depending on transaction size, frequency, and international exposure.

Intended use

This rating is designed as a directional guide for comparison and decision-making, not a definitive recommendation.

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Key features of the Wise Business card

Multi-currency spending with no markups

The Wise Business card lets you spend in 40+ currencies across 160+ countries². When you already hold the currency in your Wise account, spending is completely free with no markups or margins applied. If you don't hold the currency, a conversion fee applies; you will need to check Wise's latest pricing¹ for your region before transacting.

Mid-market exchange rates, shown upfront

Wise uses the real mid-market exchange rate with no hidden margins. Any applicable fees are displayed before you confirm each transaction, making costs transparent and predictable.

Team cards with flexible spending controls

Wise Business cards support multi-user access, making it easier to manage company spending across teams. The first card is free, while additional cards for team members come at a one-time fee of SGD $4 per card, with a SGD $4 replacement fee if a card is lost³. This setup allows employees to make business payments directly, without using personal funds, while the business retains full visibility and control.

• Enable team members to order and use their own business debit cards, with access restricted based on assigned permissions.
  
• Set daily and monthly spending limits for each team member, covering both payments and ATM withdrawals, and update them anytime.
  
• Control usage by deciding whether team members can withdraw cash, use digital cards, or spend only from specific groups instead of the main account.
  
• Temporarily block or pause a team member's card usage instantly to manage risk and prevent misuse.
  
• Allow team members to view their own limits, while maintaining full oversight and control over all spending and permissions at the business level.
  

Real-time notifications and in-app tracking

Every transaction triggers an instant notification, and you can see the conversion amount in the Wise app immediately.

Card security and freeze controls

Cards can be frozen instantly through the app if lost or misplaced, and unfrozen just as easily if recovered.

ATM withdrawals

You get two free ATM withdrawals per month, provided the total amount withdrawn does not exceed SGD $350. Beyond that, a fee of 1.75% applies on the amount over SGD $350. From the third withdrawal onward, a SGD $1.50 fee applies per withdrawal, regardless of the amount.

E-wallet top-ups

Topping up external e-wallets incurs a 2% fee, applicable to transactions settled in currencies other than supported currencies such as SGD, USD, EUR, GBP, and AUD, among others.

No subscription fees

There is no monthly account or subscription fee for the Wise Business card.

Wise Business card fees and exchange rates in 2026

Before using a business card across teams and currencies, it is worth understanding exactly how Wise structures its fees.

Unlike subscription-based platforms, Wise Business does not charge a monthly fee or lock features behind pricing tiers. Instead, its fee model is built around specific transaction types, like what you spend, how you top up, and whether you hold the currency you are spending in. This makes costs more predictable for businesses with straightforward spending patterns, though it is worth knowing where charges can apply.

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It is important to note that Wise uses the mid-market exchange rate with no margin or markup applied. Any conversion fee is shown clearly before you confirm a transaction, so you know what you are paying before committing.

This differs from how many traditional banks and some corporate card providers operate, where a margin is built into the exchange rate itself and not disclosed separately. With Wise, the rate and the fee are presented as separate line items.

Also, the conversion fees vary depending on the currency pair. Wise does not publish a single universal percentage, so if your business transacts frequently in a specific currency, it is advisable to check the current fee for that pair directly on the Wise pricing page before making assumptions about costs.

What to watch out for

While the fee structure is transparent, there are a few areas where costs can add up:

• If your team frequently spends in multiple currencies that you do not hold in your Wise account, conversion fees will apply to every transaction. Pre-loading the relevant currencies in advance avoids this.
  
• ATM withdrawals beyond the free monthly allowance carry both a per-withdrawal fee and a percentage charge on excess amounts. Wise Business cards are better suited to card payments than cash withdrawals.
  
• Topping up external e-wallets in unsupported currencies attracts a 2% fee, which can be significant for businesses that use e-wallets as part of their payment workflows.
  

How to get a Wise Business Card in Singapore

Getting a Wise Business card in Singapore is a straightforward process that can be completed entirely online or through the Wise app.

Step 1: Open a Wise Business account

Register online and pay a one-time SGD $99 setup fee to unlock the full Wise Business account, including local account details in 8+ currencies⁶. There are no ongoing monthly fees after this.

Step 2: Verify your business

Submit the required documents, including your ACRA registration details, director and shareholder ID, and proof of address. Verification typically takes a few business days, depending on the complexity of your company structure.

Alternatively, you can verify your account using Singpass or your ID and proof of address.

Step 3: Order your card

Your first physical card is free. Additional team cards cost SGD $4 each as a one-time fee. Physical cards are typically delivered within 3 working days in Singapore. Express delivery via DHL is available from SGD $16 for 1–2 day delivery.

Step 4: Get your virtual card instantly

Once your account is approved, you can create a Wise Business virtual card immediately and add it to Apple Pay or Google Pay for contactless use.

Step 5: Activate your card

To activate your card for contactless spending, make a Chip and PIN transaction. This can be a purchase in-store or a balance enquiry at an ATM. Note that cash withdrawals at local Singapore ATMs are not available for Singapore-issued Wise cards.

Who is the Wise Business card best suited for

The Wise Business card works best for specific types of businesses and is less suited to others.

Best suited for:

SMEs with frequent international transactions

Small and medium-sized businesses that pay overseas suppliers, manage SaaS subscriptions in foreign currencies, or receive payments from international clients will get the most value from Wise.

Businesses that prioritise transparent FX pricing

Every fee is shown before a transaction is confirmed, with no hidden markups on the exchange rate. This makes costs predictable and easy to plan around.

E-commerce businesses

Wise works well for e-commerce businesses selling internationally. You can receive payments in multiple currencies, convert at low FX rates, and use the API to automate payouts or integrate with your back-end systems.

Businesses that hold multiple currencies

You can hold money in 40+ currencies and convert only when the rate suits you, reducing unnecessary conversion fees and giving you more control over timing.

The Wise Business card has some notable limitations for Singapore-based businesses. It does not offer built-in payroll tools, meaning businesses that need to manage CPF contributions or GIRO salary disbursements will have to rely on a separate platform to handle these. Businesses looking for cashback or rewards for everyday spending will also need to look elsewhere, as Wise does not offer any rewards programme on its business card.

Pros and cons of the Wise Business card

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Wise Business card vs Aspire corporate card

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Other alternatives to the Wise Business card

If the Wise Business card does not fully meet your needs, there are several other options worth considering for Singapore-based businesses.

WorldFirst World card

The WorldFirst card is a virtual Mastercard designed for online payments in more than 150 currencies in 210+ countries and territories. It lets you hold and spend across 15+ currencies and earn up to 1.2% cashback on eligible business transactions⁵, including digital marketing, SaaS subscriptions, travel, and e-commerce payments.

Airwallex corporate card

Airwallex allows businesses to issue corporate cards globally, with team spending supported across 50+ currencies and an FX markup of 0.4% for major currencies and 0.6% for others⁷. Unlike Wise, it offers 1% unlimited cashback on all local and international spend across any category, free account opening under the Explore tier with no setup fee, and up to 10 free physical and virtual corporate cards. It also comes with built-in expense management tools that automate receipt capture and expense approval workflows.

Revolut Business card

Revolut Business offers a multi-currency Mastercard debit card supporting spending in 130+ currencies, with built-in spend controls and real-time expense tracking. Businesses can issue up to 3 physical and 50 virtual cards per employee, making it easier to manage team spending. FX transactions use interbank exchange rates within plan limits, helping optimise international payments.

Conclusion

The Wise Business card is best suited for businesses that value clarity in costs and efficiency in international spending. With access to real exchange rates, multi-currency balances, and real-time visibility, companies can manage cross-border transactions in a more structured and predictable way.

At the same time, different businesses prioritise different capabilities depending on how they operate. Some may require strong local payment infrastructure alongside card and expense management tools.

Aspire business account is one such alternative. In addition to corporate cards, expense management and budget controls, it supports local payment capabilities such as CPF contributions, GIRO transfers, and PayNow or FAST payments, allowing businesses to manage payroll, vendor payments, and statutory obligations from a single platform.

Open an Aspire business account to manage your business finances more efficiently in one place.

Frequently asked questions

How long does it take to receive the Wise Business card?

Wise aims to deliver physical cards within 3 working days in Singapore. Express delivery via DHL is available for faster delivery at an additional cost.

Is there a monthly fee for the Wise Business card?

There is no monthly or annual fee for the Wise Business card. The only cost is a one-time SGD $99 setup fee to unlock the full Wise Business account, including local account details in multiple currencies.

What exchange rate does Wise use?

Wise uses the mid-market exchange rate with transparent conversion fees starting from 0.26%, with no hidden markups on any transaction.

Can I freeze my Wise Business card if it is lost?

Yes. The card can be frozen and unfrozen instantly through the Wise app, and spending limits can be set and adjusted at any time.