Wise Business Card Review: Is It The Right Choice For Your Philippines Business?

The Philippines is one of Southeast Asia’s most promising markets for entrepreneurs.

Micro, Small, and Medium Enterprises (MSMEs) are growing quickly, digital payments are mainstream, and global opportunities are easier to reach than ever before.

But spending internationally is where many businesses stumble. Bank cards tack on foreign transaction fees, reimbursements slow down cash flow, and hidden foreign exchange markups quietly eat into profits.

The Wise Business account is designed to cut through that.

Companies can add and hold 40+ currencies, receive money with local account details in 10+ currencies, and issue Wise Business debit cards, allowing teams to spend on foreign currency transactions without incurring any foreign transaction fees¹.

This Wise Business card review covers how the card works, the fees that matter (including the 1,400 PHP one-time setup), who it’s best suited for, and which local alternatives are worth comparing.

How the Wise Business Card works in the Philippines

The Wise Business card is a debit card (available in both physical and virtual forms) that’s linked directly to a company’s Wise Business account².

• When the right currency is already in the account, the card spends it directly.
• When it isn’t, Wise converts from another currency in the account at the mid-market exchange rate, charging only a small, transparent conversion fee starting from 0.57%³.

Importantly, there’s no extra foreign transaction fee added on top, which sets it apart from many bank-issued cards.

To unlock these features, including the ability to receive money in 10+ currencies, Philippine businesses pay a one-time setup fee of 1,400 PHP. There are no ongoing monthly charges after that.

This setup makes the Wise Business card a valuable option for global spending: businesses gain cost transparency, clear reporting, and fewer surprises when settling expenses abroad.

Key Wise Business Card features for Philippine MSMEs

The Wise Business card keeps company spending simple, transparent, and easy to track⁴.

• Physical and virtual cards: Order a physical card for in-store use and create virtual cards instantly for safer online payments. Both can be managed in the Wise app, and virtual cards can be added to mobile wallets for contactless use.
• Global acceptance: Spend in 40+ currencies across 150+ countries. If you hold the currency in your Wise account, the card uses it directly. If not, Wise converts at the mid-market exchange rate with a clear fee shown upfront.
• Real-time notifications: Every transaction sends an instant alert, helping finance teams keep expenses visible and organised.
• Team controls: Approve or decline transactions, set per-card limits, and freeze or unfreeze cards instantly if they’re lost or compromised.
• Straightforward pricing: The first card is free. Additional team cards cost PHP 0 to issue, while replacements are PHP 156.80. Standard delivery is free.
• ATM access: Each account gets 2 free withdrawals per month, up to a total of PHP 12,000. Beyond that, Wise charges 1% on the amount above PHP 12,000, plus PHP 30 for each additional withdrawal after the free ones are used. Local ATM operator fees may also apply.
• Transparent foreign exchange fees: Currency conversions are charged at the mid-market rate plus a small, upfront fee that varies by route (starting from 0.57%). No hidden markups, and no separate card foreign transaction fees.

Manage team spending with Wise Business Cards

For many MSMEs, managing employee expenses can be a complex task.

Staff use personal cards, claims pile up, and finance teams lose hours reconciling receipts. The Wise Business card streamlines this process by allowing each team member to make direct payments from the company’s account.

With team cards, businesses can:

• Avoid reimbursements: Employees no longer need to use personal cards and wait for payback.
• Stay in control: Set per-card spending limits, approve or decline transactions, and freeze a card instantly if it’s lost.
• Track in real-time: Get instant notifications for every transaction, keeping spending visible as it happens.
• Allocate smarter budgets: Assign different limits by role; for example, a higher cap for marketing ad spend and a lower one for office supplies.

• Get your first Wise Business card for free when you open a Wise Business account.
• Give your team their own corporate debit cards to keep expense management clean.
• Receive instant spending notifications and track expenses in the Wise app.
• Approve payments, set spending limits, and freeze your card if you've lost it.
• Always get the mid-market rate with transparent conversion fees starting from 0.57%.
• Say goodbye to monthly fees and foreign transaction fees.

➡️Get your Wise Business Card today

Wise Business Card fees in the Philippines

Here’s what it costs to use the Wise Business card in the Philippines⁴.

Wise Business Card alternatives in the Philippines

The Wise Business card is designed for transparent foreign exchange and simple team controls, but it’s not the only option. Depending on whether your business values rewards, advanced controls, or access to credit, here are the main alternatives worth considering.

Details correct at time of research — 02 October 2025

📖 Check out our handy resources on corporate card alternatives in the Philippines

• Best Corporate Credit Cards in the Philippines
• RCBC Corporate Credit Card Guide
• UnionBank Corporate Credit Card Guide
• BPI Corporate Credit Card Guide

How to get a Wise Business Card in the Philippines

1. Sign up for Wise Business. Create an account online and pay the 1,400 PHP one-time setup fee to unlock Business features like local receiving details in 10+ currencies.
2. Verify your business. Submit documents such as business registration, proof of address, and IDs of directors or owners. Verification usually takes a few working days, depending on structure.
3. Order your card. The first physical card is free, team cards cost PHP 0, and replacements are PHP 156.80. Standard delivery is free.
4. Use virtual cards instantly. Virtual cards can be generated right after approval and added to mobile wallets for online or in-store use.

Who should use the Wise Business Card in the Philippines?

The Wise Business Card is best for businesses that value transparent costs and control over cashback or rewards.

Pros

• Spend at the mid-market rate, with a clear, upfront conversion fee only when needed.
• No separate foreign transaction fee.
• First card free; team cards PHP 0; replacements PHP 156.80.
• 2 free ATM withdrawals per month up to PHP 12,000 total.
• No monthly fees beyond the one-time setup.

Cons

• It’s a debit card, so there’s no credit line.
• No cashback or miles.
• ATM operator surcharges may apply.

Best fit

• MSMEs and freelancers paying overseas SaaS subscriptions and ad-hoc company travel expenses.
• Remote teams that need multiple cards with spend controls.
• Frequent travellers who want predictable foreign exchange costs abroad.

Less ideal for

• Businesses chasing rewards programs.
• Companies that need a credit line.
• Firms preferring local bank products for financing.

➡️ Get started with Wise Business today

Sources:

1. Wise Business Philippines
2. Wise Business card Philippines
3. Wise Business pricing Philippines
4. Wise Business card pricing Philippines
5. Aspire pricing
6. Airwallex pricing
7. Airwallex help
8. Payoneer pricing
9. BDO Mastercard Corporate Card
10. BDO Mastercard Corporate Card fees and charges
11. BDO corporate credit cards terms and conditions

Sources checked on 2 October 2025