Rho review

No. The monthly fee is $0, so the account carries no ongoing charge. Cashback of 2% adds to what the account returns on spend, and one account can cover a whole team.

Cashback is paid at 2% on eligible spend. It sits on the corporate card product and counts against company costs, which makes it useful for routine software, supplier and travel payments.

The currency conversion fee is 1% on spend outside the dollar. That is higher than the 0% recorded for the cheapest listed cards, so teams paying local suppliers should budget for it.

Yes. A virtual card is one of the listed features alongside the physical card. Issuing one gives a company a way to hand out spending access without posting a card, which suits contractors and short-term hires.

Rho cards run on the Mastercard network, giving broad acceptance at card terminals and ATMs and working with the usual contactless and online payments.

Rho serves business customers, so the account is built for a company and its staff rather than for an individual. Cardholders spend against the business account, which suits employers rather than personal users.

Rho shares a $0 monthly fee with £0 at Wise, £0 at Monzo Flex and €0 at Bitpanda. The difference is in the extras: 2% cashback and a virtual card for a business audience.

Weigh the $0 monthly fee, the 1% conversion fee and the 2% cashback against how often staff travel and which currencies they spend in. On listed costs Rho rates 5.5.