Wise · Debit
Wise Business Card review
The Wise Business card is a debit card linked to a Wise Business account, where you can hold and spend more than 40 currencies. Spending from a balance you already hold in that currency has no fee; otherwise Wise converts at the mid-market rate, with conversion fees from 0.48% for CAD.
Who Wise is best for
Businesses paying in many currencies, teams that want transparent, mid-market exchange rates and companies using QuickBooks.
Businesses that want cashback or rewards and companies that need credit.
The Wise Business card is a debit card linked to a Wise Business account, where you can hold and spend more than 40 currencies. Spending from a balance you already hold in that currency has no fee; otherwise Wise converts at the mid-market rate, with conversion fees from 0.48% for CAD.
There’s no monthly account fee, and it connects with QuickBooks. It doesn’t earn cashback and isn’t a credit product, so it works best as a low-cost way to pay in foreign currencies alongside a separate rewards or credit card.
Fees, features and eligibility
| Rewards | None |
|---|---|
| Annual fee | CA$0 |
| Fees | C$0 monthly |
| Payment terms | Spends from account balance |
| Foreign transaction fee | No fee from a held balance; conversions from 0.48% |
| Card type | Debit |
| Currencies | 40+ currencies |
Source: Wise published product information.
What stands out
Pros
- Hold and spend 40+ currencies
- No monthly account fee
- Mid-market exchange rate
Cons
- No cashback
- Debit only, no credit
Wise: common questions
Does the Wise Business card have a monthly fee?
No. There’s no monthly account fee.
How many currencies can Wise hold?
More than 40.
What does Wise charge for currency conversion?
Spending from a balance in the same currency is free. Conversions use the mid-market rate, with fees starting from 0.48% for CAD.
Does the Wise Business card earn cashback?
No.
Used Wise? Help other businesses choose.
