Entrepreneurship & Small Business

Best Business Credit card in USD with travel benefits

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  • May 25th, 2019 1:45 pm
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May 23rd, 2019 10:47 am
torontotim [OP]
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Nov 17, 2012
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Toronto

May 23rd, 2019 10:47 am

Best Business Credit card in USD with travel benefits

Been looking around, and I haven't found much in the way of USD business credit cards with any sort of travel or rewards benefits.

I'm a long time Aeroplan member, and am flying Air Canada weekly to the US. My corporation is being paid in USD, and 90% of my expenses are USD. Naturally, I have a USD bank account, but haven't found a USD credit card with any sort of benefits associated with it.

Advice? I don't care which bank - happy to move my business banking anywhere - just set it up with TD last week, and have a CAD Business Aeroplan card on the way which is free for the first year and comes with 45,000 Aeroplan points if I use it enough. But, the exchange is going to suck up a few percentage points.
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May 24th, 2019 5:22 pm
adeel
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Aug 21, 2007
5557 posts
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Markham

May 24th, 2019 5:22 pm

torontotim wrote: ↑ Been looking around, and I haven't found much in the way of USD business credit cards with any sort of travel or rewards benefits.

I'm a long time Aeroplan member, and am flying Air Canada weekly to the US. My corporation is being paid in USD, and 90% of my expenses are USD. Naturally, I have a USD bank account, but haven't found a USD credit card with any sort of benefits associated with it.

Advice? I don't care which bank - happy to move my business banking anywhere - just set it up with TD last week, and have a CAD Business Aeroplan card on the way which is free for the first year and comes with 45,000 Aeroplan points if I use it enough. But, the exchange is going to suck up a few percentage points.
does it have to be a business card, and does it have to be issued by a cdn bank but be in usd?

theres lots of good us cards, with chase etc, but those may or may notbe an option for you
May 25th, 2019 1:03 am
Kiraly
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Jan 9, 2011
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Vancouver

May 25th, 2019 1:03 am

How about American Express Business International Currency Card? US $100 annual fee. There's also the Gold ($300) version. And yes, Canadians can get these, no US residency or ITIN required. Both earn one Amex MR point per dollar spent.

Whoops, sorry, I just realized that Amex ICC business cards are only available to UK residents. It's only the pesonal green, gold, and platinum USD cards that Canadians can get.
May 25th, 2019 9:23 am
eonibm
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Aug 2, 2010
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Here 'n There

May 25th, 2019 9:23 am

The best method is to use a US personal card, which is what I do, but you need a US address. I submit an expense report and then get reimbursed by my company. These have no annual fee:

Citibank Double-Cash - 2%
Amex - 1%
Discover - 1%
May 25th, 2019 9:54 am
cardguy
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Apr 5, 2013
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gulfstream

May 25th, 2019 9:54 am

keep in mind that any benefits derived from your business card (flights) are taxable on your corporate side..as opposed to having a personal card and submitting receipts to the corporation for reimbursements....just sayin..
May 25th, 2019 11:08 am
torontotim [OP]
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Nov 17, 2012
3163 posts
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Toronto

May 25th, 2019 11:08 am

cardguy wrote: ↑ keep in mind that any benefits derived from your business card (flights) are taxable on your corporate side..as opposed to having a personal card and submitting receipts to the corporation for reimbursements....just sayin..
Understood - it may be the route I go. I expect this doesn't change anything for the business claiming the expense against revenue.

My biggest issue is trying to reduce/eliminate the exchange rate hit. I may end up with a CAD and a USD card. My flights will primarily be booked on Air Canada in CAD, while rent, cars, meals etc. will be in USD.

I should have titled the post as looking for advice on a Canadian Corporation earning US Dollar revenue with a mix of CAD and USD expenses and how to best set up the banking for it.
May 25th, 2019 11:59 am
commie
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May 16, 2005
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May 25th, 2019 11:59 am

The RBC USD Visa card allows you to collect RBC's reward points. I am in the similar situation, a Canadian Corp but earns USD revenue from US based clients, that I travel weekly to.
I think the RBC visa is the only USD based card in Canada that offers some sort of 'reward' points system.
May 25th, 2019 1:45 pm
Kiraly
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Jan 9, 2011
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Vancouver

May 25th, 2019 1:45 pm

If it doesn't need to be specifically a business credit card, you have many more options.

A perennial RFD favorite is the TD Cash Visa from TD Bank NA (TD's US subsidiary). It's available to residents of Canada, no ITIN or SSN required. 3% back at restaurants, 2% groceries, 1% other. No annual fee and no currency conversion fee if you make a purchase in something other than USD, so it's a decent card to use in Canadian restaurants too.

RFD thead: td-cash-visa-td-bank-n-2201330/
Apply link: https://www.td.com/us/en/personal-banki ... cash-card/

There's also a business-specific version. https://www.td.com/us/en/personal-banki ... edit-card/ No annual fee, 3% back on phone, cable, and internet, 2% on dining and gas, 1% on other.

Note that neither of these cards come with any sort of insurance coverage.

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