ComparisonLast checked 8 November 2026

Incard vs Pleo: which is better for your team's card spending?

Pleo is spend management software with company cards, expense capture, reimbursements and invoice payments, priced per user from £8 a month. Incard is a business account with team cards on a £0 plan that pays uncapped cashback on eligible card spend. Both are e-money, not banks.

By the editorial team. How we make money.

Incard suits you if

You want team cards without paying a per-user fee for the first 3 to 5 users
Your team spends on ads, software and travel, and you want 1% back on it on a £0 plan
You want a full account with GBP, EUR and USD IBANs, not just cards
You're a sole trader or a Swiss business, which Pleo's UK service doesn't list

Pleo suits you if

You want company cards and expense capture priced per user
You want to pay supplier invoices and reimburse staff from the same platform
Your team pays in other currencies and you'd move up a plan for a lower FX fee

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At a glance

**Table notes:** correct as of 8 November 2026, from each provider's own pages listed under Sources. “Not listed” means the provider's pages we checked don't say.
	Incard	Pleo
Type and protection	E-money · safeguarded, no FSCS	E-money · safeguarded, no FSCS
Who can open one	UK sole traders, UK limited companies, LLPs, Swiss GmbHs and AGs and Swiss sole traders	UK limited companies
Cheapest plan	Free: £0 a month	Start: £8 per user a month
Plans (monthly)	Free £0, Grow £49, Plus from £199	Start £8, Build £14, Optimise £18 per user a month (Build £12, Optimise £16 billed yearly)
Card cashback	Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped	On Optimise, for eligible customers; rate not listed
Card payments in other currencies	1.8% on Free, 1.5% on Grow and Plus	2.00% on Start, 1.75% on Build, 1.49% on Optimise
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	£1.50 each on Start; 10 or 20 free a month on Build or Optimise, then £0.95
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	£8 each on Start, £6 on Build and Optimise
ATM withdrawals	2% in the UK, 2.5% abroad	£5 on Start; free on Build and Optimise
Cash deposits	Not listed	Not listed
Currencies you can hold	GBP, EUR and USD, with IBANs	GBP, EUR, USD, DKK, SEK and NOK, for eligible customers
Accepting card payments	Not listed	Not listed

What a team costs

Pleo charges per user: Start £8 a month (monthly billing only, one admin), Build £14 (£12 billed yearly) and Optimise £18 (£16 billed yearly). Build and Optimise need at least 3 users. Incard's Free plan costs £0 with team cards and includes 3 to 5 users; each extra user costs £12 a month.

**Table notes:** correct as of 8 November 2026, from Pleo's pricing page and Incard's pricing page. Incard's pricing page lists 3 users on Free and its fee schedule lists 5; extra users are £12 a month each.
Team size	Pleo Build, monthly billing	Pleo Optimise, monthly billing	Incard Free
3 users	£42 a month	£54 a month	£0 a month
5 users	£70 a month	£90 a month	£0 to £24 a month
10 users	£140 a month	£180 a month	£60 to £84 a month

Pleo's per-user price buys software Incard doesn't match: receipt capture, reimbursements and supplier invoice payments in one place. If that admin is what you're paying to solve, Pleo earns its fee. If you mainly need cards for your team, Incard costs less.

Cashback

Pleo lists cashback on Optimise for eligible customers but doesn't publish the rate. Incard publishes its rates: 1% on advertising, recurring software and travel and 0.5% on other eligible spend on Free, 1.25% and 1% on Grow, uncapped. On £5,000 a month of ad and software spend, Incard Free returns about £50 a month, simple arithmetic rather than a forecast. See which brands count.

Card, transfer and ATM fees

Card payments in other currencies: Pleo charges 2.00% on Start, 1.75% on Build and 1.49% on Optimise. Incard charges 1.8% on Free and 1.5% on Grow and Plus.
Local payments: Pleo charges £1.50 each on Start; Build includes 10 a month and Optimise 20, then £0.95. Incard Free includes 100, then £0.30.
International payments: £8 each on Pleo Start, £6 on Build and Optimise. Incard includes 3 on Grow; otherwise from £5 (SHA) or £20 (OUR).
ATM withdrawals: £5 each on Pleo Start, free on Build and Optimise. Incard charges 2% in the UK and 2.5% abroad.

Pleo also offers overdrafts to eligible customers, up to £5,000 on Start, £20,000 on Build and £100,000 on Optimise. Its UK agreement lists an inactivity fee of £100 a month after 13 months without activity.

Protection and eligibility

Both are FCA-authorised e-money institutions that safeguard your money, and neither is covered by the FSCS. Pleo's UK service is for companies, registered entities and partnerships registered in the UK. Incard also accepts UK sole traders and Swiss GmbH, AG and sole-trader businesses.

Incard isn't the right account if

Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries

Our verdict

Incard is the better fit if you want cards for your team and cashback on what they spend at a lower cost: 10 users cost £60 to £84 a month on Incard Free against £140 on Pleo Build, before Incard's cashback. Pleo is the better fit if expense admin is the problem, because receipts, reimbursements and invoice payments are what its per-user price pays for.

Our pick for card spend

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E-money · safeguarded, no FSCS

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