Corporate Card

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

Content Team

March 27, 2026

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

Summary

The OCBC business credit card is issued as a bank-backed credit card with an annual fee of SGD $196.20, offering a defined credit line and up to 53 days of interest-free credit, which supports short-term working capital needs
It provides a tiered rebate structure, with 3% on selected eco-friendly merchants, 1% on foreign currency transactions, and 0.2% on SGD spend, with no minimum spend requirement and no cap on total rebates
The card includes sustainability-linked features, such as the Sustainability Spend Index (SSI), which estimates carbon emissions based on spending patterns and provides category-level insights
It supports global payments via major card networks, enabling international usage, though foreign transactions involve multiple FX-related charges, increasing the overall cost of overseas spend
Transactions are integrated with OCBC business banking, allowing consolidated visibility through a single platform, which simplifies tracking and reconciliation for businesses already using OCBC
Expense management capabilities are limited to basic functionality, with no built-in features such as approval workflows, receipt capture, or accounting integrations, making it more suited for straightforward credit-based spending rather than structured expense management
Businesses evaluating alternatives may also consider options such as the DBS World business card, Citi corporate card, Wise Business card, or Aspire corporate card which differ in areas such as rewards structure, expense tracking tools, and international payment capabilities

The OCBC Business Credit Card is a bank-issued card designed for Singapore businesses that want access to credit alongside everyday spending capabilities. It sits within a traditional banking setup, offering a familiar structure for managing expenses, repayments, and cash flow.

But beyond basic payments, the card offers features such as category-based rebates and sustainability-linked insights, positioning it slightly differently from standard business credit cards.

In this review, we break down how the card works in practice, what it offers across key areas like pricing and global usage, and where it fits for businesses with different operational needs.

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.

Pillar	Weightage	Score	Rationale
Feature	20%	4.2	Includes a structured rebate system, sustainability-linked insights through the Sustainability Spend Index, and global payment support. The presence of a credit line with an interest-free period of up to 53 days supports short-term working capital needs. However, expense management capabilities remain basic.
Pricing transparency & FX	20%	3.8	Core pricing elements such as annual fees and interest rates are clearly defined. However, foreign currency transactions involve multiple layers of fees (network and bank charges), which increase the overall cost of international usage.
Global spend capability	20%	4.1	Supported on global card networks, enabling international transactions and broad merchant acceptance. Suitable for overseas spend, though FX costs apply and transactions are settled in SGD.
Ease of use	20%	4.1	Integrated with OCBC business banking, allowing consolidated visibility and straightforward usage. The application process is digital and relatively streamlined for eligible businesses.
Card security & expense management	20%	3.8	Includes standard bank-grade security features such as fraud monitoring and 3D Secure. However, expense management functionality is limited, with no built-in approval workflows, receipt capture, or accounting integrations.

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

Category	Pros	Cons
Eligibility	Available to a wide range of business structures (SMEs, LLPs, Pte Ltd)	Requires minimum income, local ownership, and supporting financial documents
Account access	Integrated with OCBC business banking for unified financial management	Requires eligibility criteria and business incorporation in Singapore
Account fees	No minimum spend requirement for earning rebates	Annual fee of SGD $196.20 applies
Rewards	Tiered rebate structure: 3% on select eco-friendly merchants, 1% on foreign currency spend, 0.2% on SGD spend; no cap on rebates	Cashback rates are modest outside select categories; limited flexibility compared to newer fintech cards
Working capital	Up to 53 days' interest-free credit period supports short-term cashflow needs	High interest rate of 24% p.a. if balances are carried forward
Global spend	Accepted worldwide via Mastercard or Visa networks	Foreign transactions incur ~3.25%+ in combined fees; additional charges for SGD transactions processed overseas
Expense tracking	Consolidated statements through OCBC banking platform	No receipt capture or automated expense categorisation
Expense management	Suitable for straightforward credit-based spending	No approval workflows or granular spend controls for teams
Integrations	Access to partner offers with platforms like Xero and Shopify	No direct accounting integrations; requires manual reconciliation
Sustainability features	Sustainability Spend Index (SSI) tracks estimated carbon emissions from spend	Sustainability insights may not be actionable for all businesses
Perks & offers	Discounts on travel (Agoda, Expedia), hospitality, and business tools	Offers are promotional and may vary; not core to financial management
Payment flexibility	Minimum payment structure allows flexibility in repayments	Late payment fee (SGD $100) and interest charges increase the cost if not managed well

OCBC business credit card vs Aspire corporate card

Feature / Category	OCBC Business Credit Card	Aspire corporate card
Type	Business credit card	Multi-currency debit card
Activation fee	Annual fee of SGD $196.202	SGD $0 (Basic); SGD $15/month (Premium)
Pricing model	Annual fee and interest at 24% p.a. on outstanding balances	Subscription tiers
Network	Not publicly specified	Visa
Credit line	Yes	No
Virtual cards	No	Up to 200 per user for the Basic plan and up to 300 for Premium plan
Physical cards	Yes, free first card, S$25 for card replacement	Yes, free first card, SGD $15/additional
Card spend currencies	SGD and foreign currencies (global acceptance); ~3.25%+ total FX cost (1% network fee + 2.25% bank fee; additional ~1% may apply for SGD transactions processed overseas)	30+ currencies across 130+ countries (0% FX on USD, SGD)
Cashback	3% on select eco-friendly merchants, 1% on foreign currency spend, 0.2% on SGD spend; no cap	1% on marketing & SaaS spend
Spend limit controls	Card level (daily/monthly limits)	Card level, team level, project level, client level, and merchant level
Approval workflows	No	Yes
Receipt capture	No	Yes
Auto transaction match	No	Yes
Integrations	None	11 (including Xero, QuickBooks, Netsuite, Osome, FreshBooks, Deskera)
Bill payments	No	Yes
Overseas ATM withdrawals	Supported; fees apply depending on network and location	Yes, SGD $5 per withdrawal
Card security	Bank-grade security with network-level protections and fraud monitoring	3D Secure, instant freeze, spend limits, merchant locks

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.

Sources

OCBC business credit card - www.ocbc.com/business-banking/smes/transactions/business-credit-card
OCBC, Pricing - https://www.ocbc.com/iwov-resources/sg/ocbc/business/pdf/ocbc-business-cards/fees_and_charges_for_business_credit_card_2024.pdf
DBS world business card - https://www.dbs.com.sg/sme/day-to-day/business-cards/dbs-world-business-card
Citi corporate card - https://www.citibank.com.sg/credit-cards/commercial-cards/citi-corporate-card/
Wise Business - https://wise.com/sg/pricing/

This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our 'Terms of Service' and 'Pricing' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.