diff --git a/src/libs/actions/IOU/index.ts b/src/libs/actions/IOU/index.ts
index 823e6a08861b0..095775b1f4449 100644
--- a/src/libs/actions/IOU/index.ts
+++ b/src/libs/actions/IOU/index.ts
@@ -1741,13 +1741,14 @@ function removeMoneyRequestOdometerImage(transactionID: string, imageType: Odome
  * Set the distance rate of a transaction.
  * Used when creating a new transaction or moving an existing one from Self DM
  */
-function setMoneyRequestDistanceRate(transactionID: string, customUnitRateID: string, policy: OnyxEntry<OnyxTypes.Policy>, isDraft: boolean) {
+function setMoneyRequestDistanceRate(currentTransaction: OnyxEntry<OnyxTypes.Transaction>, customUnitRateID: string, policy: OnyxEntry<OnyxTypes.Policy>, isDraft: boolean) {
     if (policy) {
         Onyx.merge(ONYXKEYS.NVP_LAST_SELECTED_DISTANCE_RATES, {[policy.id]: customUnitRateID});
     }
 
     const distanceRate = DistanceRequestUtils.getRateByCustomUnitRateID({policy, customUnitRateID});
-    const transaction = isDraft ? allTransactionDrafts[`${ONYXKEYS.COLLECTION.TRANSACTION_DRAFT}${transactionID}`] : allTransactions[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
+    const transactionID = currentTransaction?.transactionID;
+    const transaction = isDraft ? allTransactionDrafts[`${ONYXKEYS.COLLECTION.TRANSACTION_DRAFT}${transactionID}`] : currentTransaction;
     let newDistance;
     if (distanceRate?.unit && distanceRate?.unit !== transaction?.comment?.customUnit?.distanceUnit) {
         newDistance = DistanceRequestUtils.convertDistanceUnit(getDistanceInMeters(transaction, transaction?.comment?.customUnit?.distanceUnit), distanceRate.unit);
@@ -5792,7 +5793,7 @@ function updateMoneyRequestDescription({
 
 /** Updates the distance rate of an expense */
 function updateMoneyRequestDistanceRate({
-    transactionID,
+    transaction,
     transactionThreadReport,
     parentReport,
     rateID,
@@ -5806,7 +5807,7 @@ function updateMoneyRequestDistanceRate({
     updatedTaxCode,
     parentReportNextStep,
 }: {
-    transactionID: string;
+    transactionID: OnyxEntry<OnyxTypes.Transaction>;
     transactionThreadReport: OnyxEntry<OnyxTypes.Report>;
     parentReport: OnyxEntry<OnyxTypes.Report>;
     rateID: string;
@@ -5826,8 +5827,7 @@ function updateMoneyRequestDistanceRate({
         ...(updatedTaxCode ? {taxCode: updatedTaxCode} : {}),
     };
 
-    const transaction = allTransactions?.[`${ONYXKEYS.COLLECTION.TRANSACTION}${transactionID}`];
-    if (transaction) {
+    if (transaction?.transactionID) {
         const existingDistanceUnit = transaction?.comment?.customUnit?.distanceUnit;
         const newDistanceUnit = DistanceRequestUtils.getRateByCustomUnitRateID({customUnitRateID: rateID, policy})?.unit;
 
@@ -5840,10 +5840,10 @@ function updateMoneyRequestDistanceRate({
     let data: UpdateMoneyRequestData<UpdateMoneyRequestDataKeys>;
     // eslint-disable-next-line @typescript-eslint/no-deprecated
     if (isTrackExpenseReport(transactionThreadReport) && isSelfDM(parentReport)) {
-        data = getUpdateTrackExpenseParams(transactionID, transactionThreadReport?.reportID, transactionChanges, policy);
+        data = getUpdateTrackExpenseParams(transaction?.transactionID, transactionThreadReport?.reportID, transactionChanges, policy);
     } else {
         data = getUpdateMoneyRequestParams({
-            transactionID,
+            transactionID: transaction?.transactionID,
             transactionThreadReport,
             iouReport: parentReport,
             transactionChanges,
diff --git a/src/pages/iou/request/step/IOURequestStepDistanceRate.tsx b/src/pages/iou/request/step/IOURequestStepDistanceRate.tsx
index 26468764c004d..874d014545bb4 100644
--- a/src/pages/iou/request/step/IOURequestStepDistanceRate.tsx
+++ b/src/pages/iou/request/step/IOURequestStepDistanceRate.tsx
@@ -119,11 +119,11 @@ function IOURequestStepDistanceRate({
         }
 
         if (currentRateID !== customUnitRateID) {
-            setMoneyRequestDistanceRate(transactionID, customUnitRateID, policy, shouldUseTransactionDraft(action));
+            setMoneyRequestDistanceRate(transaction, customUnitRateID, policy, shouldUseTransactionDraft(action));
 
             if (isEditing && transaction?.transactionID) {
                 updateMoneyRequestDistanceRate({
-                    transactionID: transaction.transactionID,
+                    transaction,
                     transactionThreadReport: report,
                     parentReport,
                     parentReportNextStep,
diff --git a/src/pages/workspace/distanceRates/CreateDistanceRatePage.tsx b/src/pages/workspace/distanceRates/CreateDistanceRatePage.tsx
index 5275804aac943..c12cf3bcce2ed 100644
--- a/src/pages/workspace/distanceRates/CreateDistanceRatePage.tsx
+++ b/src/pages/workspace/distanceRates/CreateDistanceRatePage.tsx
@@ -9,9 +9,11 @@ import HeaderWithBackButton from '@components/HeaderWithBackButton';
 import ScreenWrapper from '@components/ScreenWrapper';
 import useAutoFocusInput from '@hooks/useAutoFocusInput';
 import useLocalize from '@hooks/useLocalize';
+import useOnyx from '@hooks/useOnyx';
 import usePolicy from '@hooks/usePolicy';
 import useThemeStyles from '@hooks/useThemeStyles';
 import {setMoneyRequestDistanceRate} from '@libs/actions/IOU';
+import getNonEmptyStringOnyxID from '@libs/getNonEmptyStringOnyxID';
 import type {PlatformStackScreenProps} from '@libs/Navigation/PlatformStackNavigation/types';
 import {getOptimisticRateName, validateRateValue} from '@libs/PolicyDistanceRatesUtils';
 import {getDistanceRateCustomUnit} from '@libs/PolicyUtils';
@@ -43,6 +45,7 @@ function CreateDistanceRatePage({
     const customUnitRateID = generateCustomUnitID();
     const {inputCallbackRef} = useAutoFocusInput();
     const isDistanceRateUpgrade = transactionID && reportID;
+    const [transaction] = useOnyx(`${ONYXKEYS.COLLECTION.TRANSACTION}${getNonEmptyStringOnyxID(transactionID)}`, {canBeMissing: true});
 
     const FullPageBlockingView = !customUnitID ? FullPageOfflineBlockingView : View;
 
@@ -67,7 +70,7 @@ function CreateDistanceRatePage({
 
         createPolicyDistanceRate(policyID, customUnitID, newRate);
         if (isDistanceRateUpgrade) {
-            setMoneyRequestDistanceRate(transactionID, customUnitRateID, policy, true);
+            setMoneyRequestDistanceRate(transaction, customUnitRateID, policy, true);
             Navigation.goBack(ROUTES.MONEY_REQUEST_STEP_CONFIRMATION.getRoute(CONST.IOU.ACTION.CREATE, CONST.IOU.TYPE.SUBMIT, transactionID, reportID), {compareParams: false});
             return;
         }