A free virtual card can still be expensive. When comparing virtual cards in Singapore, a 1-percentage-point difference in FX fees on S$20,000 of monthly international spending can mean S$2,400 in additional costs every year.
Beyond issuance fees, currency conversion rates, monthly plans, and funding charges can significantly affect your total expenses. This guide compares five popular providers in 2026, helping you understand their actual costs and choose a card that fits your payment needs.
5 Virtual Cards in Singapore: Quick Fee Comparison
| Provider | Card Issuance | Monthly Fee | FX & Funding Costs |
|---|---|---|---|
| Buvei | Previously published: US$4–10/card | Depends on card program | USDT funding; applicable fees shown in platform |
| Wise Business | First business card free; S$4 per additional team card | No monthly fee; S$99 one-time setup for full features | Currency conversion from 0.19% |
| Airwallex | 10 free company cards on Explore | Explore: Free; Grow: S$79/month | FX conversion 0.4%–0.6% above interbank |
| Aspire | Up to 200 free virtual cards on Basic | Basic: Free; Premium: S$15/month | Account conversion from 0.22%; card FX rates differ |
| Revolut Business | Up to 50 virtual cards per authorized person | Basic: Free | S$1,500 monthly FX allowance; 0.6% beyond allowance |
Pricing reviewed in October 2026. Fees reflect selected plans and may vary by currency, card type, and eligibility. Buvei's indicative pricing is from earlier published material, not a verified Singapore-specific quote.
The takeaway: Free card issuance is common, but ongoing costs vary considerably. The better choice depends on how often you convert currencies, how many cards you need, and how you fund your account.
2026 Virtual Card Fees: 5 Providers Compared
1. Buvei – Virtual Cards with USDT Funding
Buvei provides virtual Visa and Mastercard cards for online payments, including advertising, SaaS subscriptions, and international purchases.
Its previously published pricing indicates approximately US$4–10 per card, depending on the card program. Current issuance and transaction fees should be confirmed directly.
Key features include multiple regional BIN options, USDT deposits through TRC20 and ERC20, spending limits, and batch card management.
Suitable for: Users managing multiple advertising accounts, subscriptions, or cryptocurrency-funded payments.
What to consider: Card issuance charges, USDT network fees, transaction costs, and regional availability.
2. Wise Business – Multi-Currency Payments
Wise Business offers digital payment cards linked to multi-currency balances, making it useful for international purchases and recurring subscriptions.
The first business card is free, while additional team cards cost S$4 each. There is no monthly subscription fee, although accessing the full business account features requires a S$99 one-time setup fee.
Currency conversion starts from 0.19%, depending on the currency pair. Payments made from an existing balance in the matching currency generally avoid additional conversion.
Suitable for: Freelancers and businesses making regular payments in foreign currencies.
What to consider: Variable FX costs and the initial setup charge.
3. Airwallex – Business Cards and International Spending
Airwallex combines virtual company cards with multi-currency accounts and expense management tools.
Its free Explore plan includes 10 company cards, while Grow costs S$79/month and includes up to 50 company cards.
Currency conversion costs 0.4% above interbank rates for major currencies and 0.6% for others. Businesses can reduce unnecessary conversions by spending directly from matching currency balances.
Suitable for: Companies managing international payments and employee expenses.
What to consider: Subscription fees, FX charges, and additional user costs.
4. Aspire – Virtual Cards for Business Expenses
Aspire offers corporate virtual cards, business accounts, and expense management tools.
Its Basic plan is free and supports up to 200 virtual cards. The Premium plan costs S$15/month and increases that allowance to 300 cards.
Account currency conversion starts from 0.22%, although foreign currency card transactions follow different exchange-rate rules. Aspire's virtual card creation and annual card fees are free.
Suitable for: Singapore SMEs managing employee spending, subscriptions, and business expenses.
What to consider: The difference between account FX rates and card conversion costs, plus additional team member fees.
5. Revolut Business – Virtual Cards with FX Allowances
Revolut Business offers virtual cards and multi-currency accounts under a subscription-based model.
Its Basic plan is free and supports up to 50 virtual cards per authorized person.
The plan includes S$1,500 in monthly currency exchanges at the interbank rate. Conversions above this allowance incur a 0.6% fee, while exchanges outside market hours carry an additional 1% charge.
Suitable for: Small businesses with occasional foreign currency payments.
What to consider: Monthly FX allowances, out-of-hours charges, and higher-tier subscription costs.
Which Virtual Card Fees Matter Most in Singapore?
Three costs deserve particular attention when comparing providers.
1. Foreign Exchange Fees
FX charges can outweigh card issuance costs when paying international merchants.
For example, on S$20,000 of monthly payments requiring conversion:
| FX Fee | Monthly Cost | Annual Cost |
|---|---|---|
| 0.5% | S$100 | S$1,200 |
| 1.0% | S$200 | S$2,400 |
| 1.5% | S$300 | S$3,600 |
These are hypothetical rates, not provider quotes. They exclude other charges.
2. Card Issuance and Account Fees
A free card may require a paid business plan. Conversely, a provider that charges per card might be more economical for occasional use.
Compare the annual account cost and the number of cards included.
3. Funding and Additional Charges
Bank transfers, card deposits, and cryptocurrency funding can involve different fees.
Also check currency conversion markups, extra team member costs, refund policies, and transaction limits.
Total cost matters more than any single advertised fee.
Which Virtual Card Is Right for Your Needs?
Different spending patterns favor different pricing models.
| Payment Scenario | What to Prioritize |
|---|---|
| International SaaS subscriptions | Recurring payment support, FX costs |
| Digital advertising | Multiple cards, spending limits, payment compatibility |
| Frequent overseas business payments | Currency conversion rates, multi-currency balances |
| Employee expense management | Card allowances, team controls, monthly fees |
| Cryptocurrency-funded payments | Supported networks, funding and transaction costs |
For occasional payments, avoiding recurring subscriptions may be the priority.
For businesses spending thousands internationally every month, FX rates can have a much larger impact.
And for teams managing many cards, account limits and administrative features may justify a higher fixed fee.
FAQs About Virtual Card Fees in Singapore
Are virtual cards free in Singapore?
Several providers offer free virtual cards under eligible business plans. However, account setup, currency conversion, and other charges may still apply.
Which virtual card has the lowest FX fees?
It depends on the currency pair, account plan, and transaction amount. Some providers offer low percentage-based conversion fees, while others include a monthly FX allowance.
Can virtual cards be used for Google Ads and Meta Ads?
Yes, if the advertising platform accepts the particular card. Approval depends on the card issuer, BIN, billing information, and platform requirements.
Can virtual cards be funded with cryptocurrency?
Some virtual card providers support cryptocurrency funding. For example, USDT deposits may be available through TRC20 or ERC20. Network and platform fees should be compared before transferring funds.
Conclusion
The best virtual cards in Singapore depend on your payment habits, transaction volume, and overall costs. Buvei offers flexible card management and USDT funding, Wise Business focuses on international currency payments, while Airwallex and Aspire provide business expense management solutions, and Revolut Business offers multi-currency spending with monthly FX allowances.
When comparing these five providers, consider not only card issuance fees but also currency conversion charges, funding costs, and account requirements, as these can significantly affect your expenses over time. The right virtual card is the one that offers the best overall value for your specific payment needs, rather than simply the lowest advertised fee.
Sources
Buvei. Virtual Card Pricing and Features
Wise Business. Business Account and Card Fees
Airwallex. Business Cards and Pricing Plans
Aspire. Business Account and Virtual Card Pricing
Revolut Business. Business Account Plans and Fees
