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ComparisonLast checked 8 November 2026

Incard vs Airwallex: which suits your business?

Both are e-money accounts with multi-currency features and company cards, open to UK and Swiss businesses. Airwallex is built for international trade, with FX from 0.5% above interbank and online card acceptance, and costs £19 a month unless you hold £10,000. Incard pays uncapped cashback on eligible card spend on a £0 plan.

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At a glance

Plans

Airwallex charges per legal entity, excluding VAT: Explore is £0 if you deposit or hold at least £10,000 a month and £19 otherwise, Grow is £49 and Accelerate is priced on request. Explore includes 10 company cards and Grow 50, with 5 spend users free and then £5 (Explore) or £12 (Grow) for each extra active user.

Incard's Free plan costs £0 with no balance requirement, Grow is £49 and Plus from £199. Free includes team cards, 100 local transfers a month and GBP, EUR and USD IBANs.

Cashback: only Incard pays it

Airwallex doesn't list card cashback. Incard pays 1% on advertising, recurring software and travel and 0.5% on other eligible spend on Free, uncapped. On £5,000 a month of ad and software spend, that's about £50 a month on Incard against a £19 Explore fee on Airwallex if you hold less than £10,000. Simple arithmetic, not a forecast; see which brands count.

Currency exchange and international payments

This is Airwallex's strength. It charges 0.5% above the interbank rate to convert major currencies and 1% for others, domestic transfers in EUR, GBP and CHF are free, and SWIFT transfers cost £10 to £20.

Incard gives you £5,000 a month of exchange at the interbank rate on Free (£15,000 on Grow), then 0.6% in market hours and 1% outside them. You can hold GBP, EUR and USD only. Below the allowance, Incard costs less; well above it, or in other currencies, Airwallex does. Our FX cost calculator works out Incard's cost for your volume.

Taking card payments

Airwallex lets you accept card payments online, at 1.30% + £0.20 for UK cards and 2.40% + £0.20 for EEA cards. Incard's pricing page doesn't list a way to accept card payments, so if you sell online you would keep a separate payment processor alongside it.

Protection and eligibility

Neither is a bank. Airwallex (UK) Ltd is an FCA-authorised e-money institution that says funds are safeguarded in line with local regulations; Incard is too, with FCA firm reference number 1027309. Neither balance is covered by the FSCS.

Airwallex accepts fully incorporated, active businesses registered in a supported country, including the UK and Switzerland, and sole traders in some locations including the UK. Incard accepts UK limited companies, LLPs and sole traders, and Swiss GmbH, AG and sole-trader businesses. Both restrict some industries, and approval isn't guaranteed with either.

Our verdict

Incard is the better fit if your card spending is the main event: ads, software and travel earn cashback on a £0 plan, with no balance to keep to avoid a fee. Airwallex is the better fit if you convert large sums, pay suppliers in many currencies or need to take card payments online. A business that does both can run Airwallex for collections and FX and Incard for spending.

Our pick for card spend

Open an Incard account

Check the eligibility rules first.

E-money · safeguarded, no FSCS

Work out your cashbackCheck eligibility

Apply for Incard on incard.co(opens incard.co in a new tab, affiliate link)

We may earn a commission if you apply.

a month on the Free plan, with team cards

£0

cashback on ads, software and travel; 0.5% on other eligible spend

1%

IBANs in three currencies

GBP, EUR, USD