Aspire Corporate Card: Cashback for SME Digital Spend

Aspire Corporate Card: Cashback for SME Digital Spend

No-Fee Cashback for Online Marketing & SaaS

Good for

  • Modern, tech-savvy SMEs & start-ups
  • Firms with big marketing budgets
  • Directors seeking a variety of e-perks

Bad for

  • Companies w/ many employees & diverse budgets
  • Firms that primarily operate offline
  • Employees who frequently travel

Editor's Rating

3.5/5.0

Aspire Corporate Card is a great debit option for tech-forward start-ups with large advertising budgets. Account holders can earn up to 1% cashback on online marketing and SaaS. While both categories are merchant-restricted, the list of qualifying vendors is quite comprehensive, ranging from Facebook & Google ad services to Hubspot, Slack, WeWork and many more. Account holders also have special access to deals and discounts with a variety of Aspire partners, like Quickbook, Indeed & more. Finally, Aspire Corporate Card has no annual fee, which is great for smaller start-ups looking for an affordable SME option. Ultimately, modern companies with budgets focused on online services should definitely consider Aspire Corporate Card.

ProsCons
  • Up to 1% rebate on online marketing & SaaS
  • S$50k+ worth of perks w/ exclusive partners
  • Very low 0.40% foreign transaction fee
  • No annual card fee
  • Boosted categories are restricted to certain vendors
  • Non-category spend ineligible for rewards
  • No travel-oriented perks
Promotion: 5% cashback for the first 2,000 SGD spent per month on marketing and SaaS (until 30 Dec 2020), applicable to new users only.
Card Overview
Pros:
  • Up to 1% rebate on online marketing & SaaS
  • S$50k+ worth of perks w/ exclusive partners
  • Very low 0.40% foreign transaction fee
  • No annual card fee
Cons:
  • Min. S$5k category spend to access top rate
  • Boosted categories are merchant-restricted
  • Non-category spend ineligible for rewards
  • No travel-oriented perks
  • Promotion: 5% cashback for the first 2,000 SGD spent per month on marketing and SaaS (until 30 Dec 2020), applicable to new users only.
  • What Makes Aspire Corporate Card Stand Out

    Aspire Corporate Card is an excellent debit option for today's tech-forward start-ups with large marketing budgets. Account holders earn 1% cashback for their online advertising and software subscription spend. This rate is provided only for expenditures with a limited list of merchants but the qualifying list of vendors is quite comprehensive.

    Qualifying Online Marketing/Advertising Merchants
    • Facebook Advertising
    • Google Advertising
    • LinkedIn Advertising
    Qualifying merchants are subject to change
    Qualifying Software-as-a-Service (SaaS) Merchants
    • Amazon Web
    • Docusign
    • Calendly
    • Clickup
    • Google Suite
    • Eventbrite
    • Freshworks
    • Github
    • Hellosign
    • HR Easily
    • Hubspot
    • Intercom
    • Lastpass
    • Mailchimp
    • Meetup
    • Miro
    • Mixpanel
    • Notion
    • Quickbooks
    • Referral Candy
    • Salesforce
    • Saleswhale
    • Segment
    • Sendgrid
    • Shopify
    • Slack
    • Survey Monkey
    • Trade Gecko
    • Twilio
    • Typeform
    • Xero
    • Zendesk
    • Zoom
    Qualifying merchants are subject to change

    Aspire Corporate Card's cashback rates are further complemented by over S$50k worth of perks with Aspire's many partners. Again, these partners are a great match for SMEs with primarily digital spend. While specific benefits may change, account holders can typically enjoy boosted cashback, 50% discounts, S$100s in credits and even freebies with companies like Hubspot, Dropbox, Google Ads, Indeed and more. Many of these firms are also rewards-qualifying merchants, making it easy for account holders to double up on savings.

    Unfortunately, Aspire Corporate Card isn't a great match for all SMEs. Spend outside of online marketing and SaaS isn't eligible for cashback rewards. As a result, companies with broader and more diverse budgets might prefer a corporate card with a higher base rate. In fact, there are several options that offer anywhere from 0.30% to 1.5%+ on general spend. Aspire Corporate Card is also best fit for smaller companies at the moment. Only business directors at firms registered in Singapore with the ACRA are eligible to apply and employers currently cannot issue cards to their employees (though this feature is soon-to-come).

    Even still, Aspire Corporate Card's general benefits boost its value and make it truly worthwhile for digital start-ups. Even beyond the rates and perks, account holders enjoy record-low foreign transaction fees of 0.40% (compared to up to 3.25% with some competitors). Additionally, account holders never need to pay an annual fee. Overall, Aspire Corporate Card is perhaps the best option on the market for smaller tech-savvy businesses who want to make the most of their digital spend.

    How Does Aspire Corporate Card's Rewards Program Work?

    Use our quick guide below to learn how to redeem Aspire Corporate Card's rewards.

    • Note: Aspite Corporate Card is a debit card
    • Cashback payouts are made monthly to a linked Aspire Business Account
    • This business account has no fall-below or fx transfer fees & no minimum deposit size

    Aspire Corporate Card's Features and Benefits:

    Card Overview
    • Annual Fee: S$0.0
    • Supplementary Cards: (Currently unavailable)
    Rewards Rate Details
    • 1.00% cashback on select online marketing & SaaS w/ S$5k category spend
    • 0.25% cashback if category spend is below S$5k
    • Qualified marketing merchants: Facebook, Google & LinkedIn advertising
    • Qualified SaaS merchants: Amazon Web Services, Hubspot, Slack & many more
    • Non-category spend in-eligible for rewards
    Benefits & Perks
    • S$50k+ worth of exclusive perks with Aspire partners (Indeed, Shopify, Quickbooks & more)
    • Low foreign currency transaction fee (0.40%)

    How does Aspire Corporate Card Compare to Other SME Cards?

    Read our comparisons of Aspire Corporate Card to other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

    Aspire Corporate Card v. DBS Visa Platinum Business
    • Annual Fee: S$192.6
    • Stand-Out: Boosted cashback for 1st month
    DBS Visa Platinum Business Card is one of the best "everyday cashback" SME credit cards currently on the market. Every S$1 spend–including on recurring bills (Starhub, M1 Limited, SP Services & more)–earns 0.40% rebate, which roughly aligns with the market standard. What really stands out, however, is that this rate is often boosted to an incredible 5% for the 1st month. As a result, DBS Visa Platinum is a great option for companies with big upcoming expenses.


    DBS Visa Platinum Business Card is also quite attractive given its affordability. Even though there is a S$192.6 annual fee (unlike Aspire Corporate Card, which is free), this amount is still S$100s less than that charged by many other SME cards. In addition, cardholders have access to S$1 million in free travel accident insurance and up to US$1.65 million annual coverage for employee misuse–unlike Aspire Corporate Card, DBS Visa Platinum can be issued to employees. Overall, traditional businesses with broader and more diverse budgets might prefer DBS Visa Platinum Credit Card.

    Aspire Corporate Card v. Maybank Business Platinum
    • Annual Fee: S$321.0
    • Stand-Out: Travel & local dining discounts, 2-yr fee waiver
    Maybank Business Platinum is an affordable everyday cashback credit card for companies that stands out for its incredible array of perks. Account holders earn points for their daily spend, which translate to 0.40% cashback in terms of redemption value. While this rate is slightly higher than the 0.30% market standard, it's still possible to earn higher rates with other SME cashback credit and debit cards–especially those with boosted category rates (like Aspire Corporate Card).


    Still, Maybank Business Platinum Card's broad nature is actually a benefit as it provides flexibility. This flexibility also carries over to the card's perks. Account holders can enjoy functional benefits–like flexible credit limits, automatic bill pay and extended interest-free crediting–as well as more pleasant perks, like dining discounts and travel privileges. Even with these perks, Maybank Business Platinum Card is still quite affordable with a S$180 fee, waived 2 years. Overall, businesses who want a straightforward rebate credit card with diverse and extensive benefits (but not a high fee) might be interested in Maybank Business Platinum Card.

    Aspire Corporate Card v. UOB Platinum Business
    • Annual Fee: S$29.96
    • Stand-Out: Extensive discounts on utilities, logistics and other essential business services
    UOB Platinum Business Credit Card is simple and straightforward–account holders earn 0.30% cashback on all spend. While this rate is fairly average and doesn't stand out by itself, UOB Platinum Business Card is still worth considering for those who prioritise discounts on utilities, logistics, and other essential business services.


    For example, like Aspire Corporate Card, UOB Platinum Business Card offers discounts and deals with a variety of popular merchants. However, UOB Platinum Business Card's partners are focused more on operations than marketing or advertising. In fact, the UOB Commercial Privileges programme focuses on "Essentials & Services" (IT Essentials, Kumpulan Office Supplies, Nespresso Professional), "Utilities" (iSwitch, Union Power, Senoko Energy & more), and "Travel & Logistics" (Agoda, Expedia & DHL Express). Discounts with these vendors particularly caters to SMEs that spend a great deal on business basics.

    Aspire Corporate v. DBS Visa Platinum Business
    • Annual Fee: S$192.6
    • Stand-Out: Boosted cashback for 1st month
    DBS Visa Platinum Business Card is one of the best "everyday cashback" SME credit cards currently on the market. Every S$1 spend–including on recurring bills (Starhub, M1 Limited, SP Services & more)–earns 0.40% rebate, which roughly aligns with the market standard. What really stands out, however, is that this rate is often boosted to an incredible 5% for the 1st month. As a result, DBS Visa Platinum is a great option for companies with big upcoming expenses.


    DBS Visa Platinum Business Card is also quite attractive given its affordability. Even though there is a S$192.6 annual fee (unlike Aspire Corporate Card, which is free), this amount is still S$100s less than that charged by many other SME cards. In addition, cardholders have access to S$1 million in free travel accident insurance and up to US$1.65 million annual coverage for employee misuse–unlike Aspire Corporate Card, DBS Visa Platinum can be issued to employees. Overall, traditional businesses with broader and more diverse budgets might prefer DBS Visa Platinum Credit Card.

    Aspire Corporate v. Maybank Business Platinum
    • Annual Fee: S$321.0
    • Stand-Out: Travel & local dining discounts, 2-yr fee waiver
    Maybank Business Platinum is an affordable everyday cashback credit card for companies that stands out for its incredible array of perks. Account holders earn points for their daily spend, which translate to 0.40% cashback in terms of redemption value. While this rate is slightly higher than the 0.30% market standard, it's still possible to earn higher rates with other SME cashback credit and debit cards–especially those with boosted category rates (like Aspire Corporate Card).


    Still, Maybank Business Platinum Card's broad nature is actually a benefit as it provides flexibility. This flexibility also carries over to the card's perks. Account holders can enjoy functional benefits–like flexible credit limits, automatic bill pay and extended interest-free crediting–as well as more pleasant perks, like dining discounts and travel privileges. Even with these perks, Maybank Business Platinum Card is still quite affordable with a S$180 fee, waived 2 years. Overall, businesses who want a straightforward rebate credit card with diverse and extensive benefits (but not a high fee) might be interested in Maybank Business Platinum Card.

    Aspire Corporate v. UOB Platinum Business
    • Annual Fee: S$29.96
    • Stand-Out: Extensive discounts on utilities, logistics and other essential business services
    UOB Platinum Business Credit Card is simple and straightforward–account holders earn 0.30% cashback on all spend. While this rate is fairly average and doesn't stand out by itself, UOB Platinum Business Card is still worth considering for those who prioritise discounts on utilities, logistics, and other essential business services.


    For example, like Aspire Corporate Card, UOB Platinum Business Card offers discounts and deals with a variety of popular merchants. However, UOB Platinum Business Card's partners are focused more on operations than marketing or advertising. In fact, the UOB Commercial Privileges programme focuses on "Essentials & Services" (IT Essentials, Kumpulan Office Supplies, Nespresso Professional), "Utilities" (iSwitch, Union Power, Senoko Energy & more), and "Travel & Logistics" (Agoda, Expedia & DHL Express). Discounts with these vendors particularly caters to SMEs that spend a great deal on business basics.

    Carrie Arndt

    Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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