What is Advance Limit?
The Advance Limit is a revolving funding line provided by Aspire in the following currencies:
SGD | USD | IDR |
VND | THB | PHP |
MYR | NZD | GBP |
EUR | NOK | AUD |
CAD | AUD | INR |
CNY | AED | JPY |
This means Aspire offers you a pre-approved limit in the currencies above. You can use your Advance Limit in two ways:
As your Aspire Card's Source of Funds
Advance Limit transfers, if you are an eligible Aspire client*
*Only selected Aspire clients are eligible to make a transfer using the Advance Limit feature.
Learn more about Aspire Advance Limit on our website.
Advance Limit Fees
The applicable fees depend on how you use your Advance Limit:
When used as the Card's Source of Funds
If Advance Limit is used as the card's source of funds, the fees will depend on the currency transaction:
Domestic Transactions: No fees when the transaction currency matches your card's Source of Funds (e.g., using an AUD card for AUD transactions).
Foreign Currency Transactions (Card's exchange rates): A competitive exchange rate applies when the transaction currency differs from your card's Source of Funds (e.g., using an AUD card for USD transactions). Aspire applies a competitive exchange rate with a markup of up to 3%.
The Advance card statement will be based on a 30-day billing cycle.
The cycle starts on the date of your first transaction and ends 29 days later.
Repayment is due 21 days after the billing cycle ends.
For detailed information regarding your Advance Limit Billing and Repayment, please refer to the following articles:
When used via Advance Limit Transfers
Eligible Aspire clients can make outbound transfers using their Advance Limit as the source of funds. When you choose to make a transfer using your Advance Limit, you'll be required to select a repayment tenure before completing the transaction.
Fees based on tenure:
15 days: 1%
30 days: 2%
45 days: 3%
60 days: 4%
The Advance Transfer statement will be sent separately from the Advance Card statement. Once the Advance transfer is approved by Aspire, the statement will be generated and emailed to both the Admin and Finance users.
How to view my Advance Limit details?
Admin users can view the Aspire Advance Limit details in-app. To see your Advance Limit details:
On your Aspire dashboard, click "Advance limit" in the left navigation bar under Accounts (web app) or click "Menu" and choose "Advance limit" (mobile app).
Web App View
Mobile App View
On this page, you can view the following details:
Available limit: The amount that you can spend on your Advance cards, you can also see your approved Advance Limit below.
Card Transactions: The card transactions made using your Advance limit card.
Transfers: The fund transfers using your Advance limit
Statements: Your billing statements for your Advance account.
Click the blue icon under "TYPE" to see the transactions included in your statement. You can also download your billing statement by clicking the download icon beside the due date
*Partial repayments made on the last statement will not change the last statement number, as it is a static number based on the outstanding amount as of the bill issue date.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.