Looking for US$ CC to be used for US orders

A USD credit card has to be paid off in USD, so unless you have USD income or some way to get US cash on the cheap, you’re still going to pay a FX fee, but at bill pay time rather than at purchase time. You might consider a CAD credit card like Brim that doesn’t mark up the FX rate if that is the case.
If you do have access to cheap USD, TD Cash from TD’s US subsidiary is the RFD favourite. Nearly every Canadian bank also has a USD credit card but these are generally ripoffs with their $30-50 annual fees.

There are a few listed here. I believe a couple of them come up for discussion.
https://www.moneysense.ca/spend/credit- ... in-canada/

Kiraly wrote: ↑ A USD credit card has to be paid off in USD, so unless you have USD income or some way to get US cash on the cheap, you’re still going to pay a FX fee, but at bill pay time rather than at purchase time. You might consider a CAD credit card like Brim that doesn’t mark up the FX rate if that is the case.
If you do have access to cheap USD, TD Cash from TD’s US subsidiary is the RFD favourite. Nearly every Canadian bank also has a USD credit card but these are generally ripoffs with their $30-50 annual fees.

So with this dropshipping going in, I will be getting monthly payments from US accounts. I was thinking to just open a BMO e business account (US) to get that money and use those US$ to pay off the CC

BMO US$ Mastercard. Yearly fee waived if $1000 worth of transactions charged to card over the year.

hyph3n wrote: ↑ So with this dropshipping going in, I will be getting monthly payments from US accounts. I was thinking to just open a BMO e business account (US) to get that money and use those US$ to pay off the CC

In that case, IMO, get the TD Cash Visa. This thread will provide you with a ton of info: td-cash-visa-td-bank-n-2201330/ .
Canadian USD cards are mostly trash. At least with this, you get a US domestic card (some places won't accept international cards) and you'll get cash back on your purchases. If you get a limit of over 5,000, you'll get the signature version of the card.
They'll mail the card to your Canadian address and will do a pull on your Canadian Transunion history.

You could also go the Amex global "transfer" route if you have an existing relationship with Amex. I ended up getting the Hilton Honors card (no FX fee), but the Cash Magnet card and the Blue Cash Everyday card would be more comparable to the TD Cash Visa.

hyph3n wrote: ↑ I have setup a dropshipping business which is doing good. One of the thing that i have identified that i am losing money on conversion rates since i am using my person CAD CC to pay for goods in USD. So looking for a CC recommendations which i can use to do online US$ transactions.

If you have US money or can get US money at a decent rate, I would recommend the TD Bank NA Visa: td-cash-visa-td-bank-n-2201330/

I have this card and even though they've reduced some of the benefits of this card, I still use this card for my US purchases and pay with my US dollars with my TD Bank NA convenience checking account (which I obtained at TD Canada Trust's cross border services).

If your business sales receipts are in US dollars then it is best to use US dollars to pay a US$ denominated credit cards so you don't lose on the exchange spread converting back and forth from US to Canadian and back to US plus the bank FX fee.

Just go with a low fee US$ credit card.

RBC has a no annual fee Visa Signature Black card
BMO charges $35 annual fee but waives it if total charges are over $1000.

hyph3n wrote: ↑ So with this dropshipping going in, I will be getting monthly payments from US accounts. I was thinking to just open a BMO e business account (US) to get that money and use those US$ to pay off the CC

You can’t open an ebusiness amount in USD at BMO. You’ll have to open a US Current account which is pay per use and can be quite expensive.

hyph3n wrote: ↑ I have setup a dropshipping business which is doing good. One of the thing that i have identified that i am losing money on conversion rates since i am using my person CAD CC to pay for goods in USD. So looking for a CC recommendations which i can use to do online US$ transactions.

Not about credit card, buy I’m in the process of starting a dropshipping business as well and I’m overwhelmed with all the info out there. Any advice?

Checkout Brim, it's not a USD card but it's a Canadian credit card (easy to get and easy to pay), there are no foreign exchange fee and it's cheap to use there is even a free version. Been using it for all my foreign transaction (online and travelling) and some more.

Look at doing a global transfer with amex. Various high rewards now on various business and personal cards. Google it and you'll find more details about it and using ITIN. Very lucrative. Either use bmo Harris or TDUS (not TDCT) to pay the bills.

Scotia Passport Visa and Home Trust Visa also have no fx charges.....Scotia has annual fee, Home Trust doesn't.