Best USD credit card for business transcations?

Best USD credit card for business transcations?

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EddieSteadyGo

Original Poster:

13,156 posts

210 months

Thursday 6th June
quotequote all

I have a small problem which I would be interested in other people's views.

For my UK based company, we regularly have to pay charges for software subscriptions etc in USD.

Previously I had an American Express corporate card which was denominated in USD. So I could just pay all the charges using this card directly in USD, and then pay the USD balance directly to Amex at the end of each month.

However, Amex have written to say they are withdrawing this product from the UK market. So I've left wondering what to do....

Ideally, I just want another business USD debit/credit/charge card where I can settle the balance every month in USD. But is that possible?

How do others pay their business USD costs? I could just pay any USD costs on our GBP card, but I'll end up losing a bit in exchange fees, which just seems unnecessarily costly. In terms of monthly USD spend on the card, it isn't massive, probably about $5k/month.

22s

6,423 posts

223 months

Thursday 6th June
quotequote all
Is this the card you have / had? https://www.americanexpress.com/icc/cards/the-gree...

We currently use this for a LOT of USD spend so I hope they aren't withdrawing it!

If you don't care about the points, I would just use Revolut or similar to get a good rate.

If you do want the points, I'm not sure - we spent ages looking before we found that Amex!

EddieSteadyGo

Original Poster:

13,156 posts

210 months

Thursday 6th June
quotequote all
I'm not sure if it is exactly that one, as we were using their USD "charge card" and (I think) the card you linked to is a credit card. However, it could be the same, as I note on that web-page "you can no longer apply for this card".

I've had a look at the options this afternoon, and I think I will need to open something like a Wise company account, as they seem to offer a USD debit card, which isn't quite as convenient, but should hopefully do the job.

Tebbers

372 posts

158 months

Friday 7th June
quotequote all
We use Capital on Tap for our company credit cards, no FX charges and really happy with app and rewards etc. we too pay for company USD expenses monthly without an issue. Let me know if you’d like a referral code to get £75 on your balance.

jonathan_roberts

441 posts

15 months

Friday 7th June
quotequote all
We use Revolut for this.