CITIXNESPRESSO_RPB(NESPRESSO)_DESKTOP.png

Best Business Credit Cards in Singapore (2020)

We found 7 Results for

Refine

S$

Filter by need

SingSaver's Providers

Aspire Corporate Card

Aspire Corporate Card

SingSaver's Exclusive OfferFeatured
Aspire Corporate Card
S$0
Annual fee
1%
Cashbackon marketing and SaaS spend
S$0
Min. Annual Income
SingSaver's Exclusive Offer:
Receive S$50 cashback with one spend within 30 days of card approval. Valid till 30 Nov 2020. T&Cs apply.
Citi Business Card

Citi Business Card

Featured
Citi Business Card
S$30,000
Min. Annual Income
Earn faster rewards at 2x Citi ThankYou Points for every S$1 spent
Earn faster rewards at 2x Citi ThankYou Points for every S$1 spent
Standard Chartered Business Platinum Card

Standard Chartered Business Platinum Card

Standard Chartered Business Platinum Card
Enjoy special hotel offers, business services and earn rewards points
Enjoy special hotel offers, business services and earn rewards points
American Express Singapore Airlines Business Credit Card

American Express Singapore Airlines Business Credit Card

Welcome Gift
American Express Singapore Airlines Business Credit Card
S$30,000
Min. Annual Income
Welcome Gift:
Enjoy S$0 annual Card fee for the first year and receive a welcome bonus of 50,000 HighFlyer points
Singapore Airlines Rewards Programme for SMEs
Singapore Airlines Rewards Programme for SMEs
DBS World Business Card

DBS World Business Card

Welcome Gift
DBS World Business Card
2%
Cashbackon foreign currency
1Miles Per Dollar
Dining
2Miles Per Dollar
Overseas Spending
Welcome Gift:
Up to 3% cash rebate
Enjoy complimentary lounge access and up to 2% cash rebate
Enjoy complimentary lounge access and up to 2% cash rebate
UOB Regal Business Metal Card

UOB Regal Business Metal Card

Welcome Gift
UOB Regal Business Metal Card
2%
Cashback on dining
2%
Cashback
Welcome Gift:
Complimentary Accor Plus membership worth S$299
Complimentary Accor Plus membership, 2% cash rebate on overseas spend and unlimited airport lounge access
Complimentary Accor Plus membership, 2% cash rebate on overseas spend and unlimited airport lounge access
Maybank Business Platinum Mastercard

Maybank Business Platinum Mastercard

Maybank Business Platinum Mastercard
Earn TREATS Points with every dollar spent with credit limit based on company's profitability
Earn TREATS Points with every dollar spent with credit limit based on company's profitability

Why get a business credit card?
Business credit cards, also known as corporate credit cards, help keep business expenses separate from personal ones. That way, it allows easier tracking of expenditure, which could help save costs.

Who should be issued a business credit card?
Business credit cards can be issued to multiple cardholders, with different spending limits set. They tend to be employees who frequently chalk up work-related expenses, such as business travel, office supplies, equipment etc.

Can a normal credit card be used for business expenses?
There’s no hard and fast rule about using other credit cards for work-related expenses. This largely depends on how your company tracks, manages and reimburses monthly expenditure, and the preferred type of reward to get.

What are the special perks offered by business credit cards?
Business credit cards offer cardholders various perks, some of which include:

  • Additional rewards like cash rebates, miles and reward points
  • Travelling benefits such as lounge access and complimentary travel insurance
Need some help?
No worries, we've got you covered!
What is a business credit card?

Business credit cards, sometimes known as corporate or commercial credit cards, are cards that can be used by an employee or owner of a company to pay for business expenses. They are good for freeing up cash flow by using a line of credit to pay for business expenses. 

It usually comes with perks such as rewards programs, additional cardmembers and expense reporting systems. Also, with a business card, the company is liable for the debt and not the individual, unlike a personal credit card.

What’s the difference between a business credit card and a personal credit card?

Business credit cards, unlike personal credit cards, are designed specifically for work expenditure. They may include features such as additional cards for employees, customisable spending limits and expense tracking. 

Both credit cards, however, are similar in a few other ways. Both give you access to funds up to a specified limit, and allow you to pay off outstanding balance over time (albeit with interest charges if you fail to make payment on time). They also include annual fees, as well as additional costs such as rewards redemption cost.

What are the perks of using a business credit card?

As a business owner, a business credit card gives you more control and visibility over your business expenses. It can also help you to manage your company’s travel and entertainment expenses. You can also enjoy other perks such as: 

  • Rebates or rewards on your spend 
  • Complimentary travel insurance 
  • Withdrawal services worldwide 
  • Complimentary lounge visits 

You could also have at your disposal management and reporting tools, as well as insurance coverage for employee misuse.

What are the types of business credit cards?

Rewards business credit cards: Earn cash, miles or points as you spend. 

Frequent flyer business credit cards: Earn airline loyalty points for every dollar you spend. You can also use these accumulated points to redeem business flights, upgrades, accommodation, cashback and other perks for yourself and your employees. 

Low interest rate business credit cards: Offer flexible financing for business owners. 

Corporate business credit cards: These cards are issued to employees to allow them to charge authorised business expenses such as hotel stays and flight tickets.

How do I qualify for a business credit card?

The qualifying criteria for a business credit card differs from bank to bank. Some of the criteria include: 

  • At least 21 years old 
  • Applicant should be a business owner and/or person with executive authority of a Company/Business with a Valid UEN 
  • Company must be registered in Singapore (with ACRA) Company must be in operation for at least a number of years 
  • Company must meet the minimum annual sales turnover requirement
Do I need a business credit card for my small business?

Having a business card for your small business isn’t compulsory. However, a business credit card offers a range of benefits for small business owners that make running a business easier and more organised — such as higher credit limits, a separate credit amount for your business, tracking expenses and boosting credit rating, among others.

How do I apply for a business credit card?

To apply for a business credit card, besides filling in the application form provided, you also should have: 

  • Formed a business entity to help separate your personal credit from that of your company 
  • Set up your company by registering with ACRA 
  • Start a business bank account

You might also require: 

  • Company ACRA or Unique Entity Number 
  • Photocopy of NRIC/passport 
  • Last 2 years’ Income Tax Notice of Assessment
What are the fees and charges for business credit cards?

Similar to personal credit cards, business credit cards also charge an annual fee. This annual fee ranges from S$100 to S$300. Some credit cards might waive the annual fees, typically for up to 1 to 2 years. Other charges to take note of include interest rates, currency conversion fees, cash advance fees and late payment fees.

Confused about credit card terms?

Glossary terms to know for first-time credit card users

SingSaver

© 2015 - 2020 SingSaver PTE LTD. All rights reserved. This online platform is operated by SingSaver Pte. Ltd. and by continuing to use www.singsaver.com.sg (the “SingSaver Website”) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions and Privacy Policy of the SingSaver Website. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd. SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS.

1.29.0-141627e1e