Best Business Credit Cards in Canada
Choosing the right business credit card can mean earning valuable rewards, simplifying your bookkeeping, and potentially saving on overall operating costs. We analyzed dozens of Canadian business credit cards to find the best for a variety of businesses, whether you’re a frequent flyer, a solo freelancer, or running a growing start-up.
Summary of the best business credit cards in Canada
| Card | NerdWallet rating | Annual fee | Interest rates | Rewards rate | Apply Now |
|---|---|---|---|---|---|
| American Express® Aeroplan®* Business Reserve Card | APPLY NOW on American Express' website | ||||
 APPLY NOW on American Express' website | 3.8/5 | $599 | 21.99%/21.99% | 1.25x-3x Points | |
| ScotiaLine® for business Visa Credit Card (Secured) | APPLY NOW on Scotiabank's website | ||||
 APPLY NOW on Scotiabank's website | 4.6/5 | $0 | Prime rate (6.70%) + 1% | N/A | |
| American Express® Business Gold Rewards Card® | APPLY NOW on American Express' website | ||||
 APPLY NOW on American Express' website | 3.9/5 | $199 | Varies | 1x Point | |
| Business Platinum Card® from American Express | APPLY NOW on American Express' website | ||||
 APPLY NOW on American Express' website | 3.7/5 | $799 | Varies | 1.25x Points | |
| Marriott Bonvoy® Business American Express®* Card | APPLY NOW on American Express' website | ||||
 APPLY NOW on American Express' website | 3.8/5 | $150 | 21.99%/21.99% | 2x-5x Points | |
Earn UP TO 120,000 POINTS! That’s up to $1,200 in statement credits to reinvest in your business. With No Pre-set Spending Limit, Up to 55 interest-free days, and payment flexibility have more cash on hand when you need it the most. Terms and Conditions apply. Click “Apply Now” for more details.
Earn UP TO 70,000 POINTS! That could be redeemed for up to $700 in statement credits to be reinvested in your business. With an annual fee of $199, No Pre-set Spending Limit, Up to 55 interest-free days, and payment flexibility have more cash on hand when you need it the most. Terms and Conditions apply. Click “Apply Now” for more details.
Compare the best business credit cards in Canada
Rewards breakdown
Rewards breakdownPoints for Air Canada bookings.
Points on travel.
Points on transportation.
Points on dining.
Points on services like shipping, internet, cable and phone.
Point on everything else.
NerdWallet's take
NerdWallet's takeA low-rate, travel-friendly business card that earns Aeroplan points and comes with some airport perks and travel insurance. Just know that airport lounge access isn’t automatic: you earn one guest pass for every $10,000 you charge to your card. Best for: Businesses that typically carry a card balance and occasionally fly Air Canada.
Pros
- Purchase interest rates as low as 12.99%.
- Free checked bags on Air Canada flights.
- Some travel insurance.
Cons
- No travel medical coverage.
- Maple Leaf Lounge passes must be earned.
- Highest 2x earn rate only applies to Air Canada spending.
Card details
Card details- $180 annual fee (first year rebated).
- 12.99% - 18.99% purchases APR.
- 2x Aeroplan points for Air Canada bookings.
- 1.5x Aeroplan points on travel, transportation, dining and other services.
- 1x Aeroplan point on everything else.
- Earn points twice through the Aeroplan eStore.
- Insurance coverage include trip cancellation, trip interruption, flight delay, baggage insurance, rental car coverage, purchase security, extended protection and common carrier accident insurance.
- Complimentary upgrade to Avis Preferred Plus.
- Free first checked bag for you, your authorized users and up to eight companions every time you fly with Air Canada.
- Earn up to four complimentary Maple Leaf Lounge One-Time Guest Passes per year.
- Authorized users can access travel benefits even when travelling without you.
- Get an extra night free for every three hotel nights redeemed with Aeroplan points.
- The information for the CIBC Aeroplan® Visa* Business Card has been collected independently by NerdWallet. The card details on this page have not been reviewed or provided by the card issuer.
Rewards breakdown
Rewards breakdownPoint for every dollar in purchases charged to the Card.
NerdWallet's take
NerdWallet's takeNo pre-set credit limit and an extended interest-free period make this a flexible card option for small businesses. Where it falls short: a lacklustre base earn rate of 1x and no emergency medical coverage. Best for: Small business owners who want straightforward rewards on every dollar spent.
Pros
- No pre-set spending limit.
- 55-day interest-free period.
- Earn bonus rewards points when you meet quarterly spending thresholds.
Cons
- No lounge access, priority boarding or free checked bags.
- Additional cards for employees cost $50 annually.
Card details
Card details- Earn a welcome bonus of up to 70,000 Membership Rewards® points in your first year. Earn 50,000 Membership Rewards® points after spending $7,500 in purchases within the first three months of Cardmembership. Plus, earn an additional 20,000 points after spending $30,000 on your Card in your first 12 months of Cardmembership.
- That’s up to $700 in statement credits to reinvest in your business.
- Plus, earn 10,000 bonus points in each calendar quarter when you spend $20,000 or more. That could add up to $400 in value every year
- Earn points that you can redeem in a variety of ways.
- Earn 1 Membership Rewards point for every dollar in purchases charged to the Card and get the most out of your business expenses.
- Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
- Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
- Unlock business possibilities with a full suite of business management tools that give you more control over your business - anytime and anywhere.
- Take advantage of purchasing power that grows with your business with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
- Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
- Pay for business expenses over time with Flexible Payment Option.
- This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. The Preferred rate of 21.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option Rate will be 29.99%. These rates are effective from the day the Flexible Payment Option is first available on your account.
- Access comprehensive insurance coverage for your travel needs.
- Access Travel Emergency Assistance, and up to $100,000 Travel Accident Insurance when you fully charge your tickets to your Business Gold Rewards Card.
- Plus, access Lost or Stolen Baggage Insurance, Flight Delay Insurance, and Baggage Delay Insurance when you fully charge your airline tickets to your Business Gold Rewards Card.
- Save money when travelling with complimentary Car Rental Theft and Damage Insurance.
- Access coverage that can protect your business purchases when you charge the full price of eligible items to your Business Gold Rewards Card.
- Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan.
- Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan.
- Access to coverage for mobile devices purchased for business use.
- Access Mobile Device Insurance of up to $1,000 in the event of theft, loss or accidental damage, anywhere in the world, when you fully charge or finance the purchase price of an eligible mobile device on your Business Gold Rewards Card.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
Rewards breakdown
Rewards breakdownPoints for every $1 spent on eligible purchases made directly with Air Canada and Air Canada Vacations®*.
Points for every $1 spent on eligible hotels and car rentals.
points for every $1 spent on everything else.
NerdWallet's take
NerdWallet's takeThe annual fee is no joke, but cardmembers have plenty of reasons to smile thanks to the American Express® Aeroplan®* Business Reserve Card’s strong earn rates, extensive travel benefits and overall convenience.
Pros
- Serious bonus point potential in the first six months.
- Relatively low interest rate.
- Strong earn rates on eligible Air Canada travel purchases, hotel bookings and car rentals, even after the 6-month even after the introductory period ends. Plus, premium travel perks and benefits, like airport lounge access and priority upgrades, to make sure your next trip goes smoothly.
Cons
- High annual fee.
- Earning the Annual Worldwide Companion Pass may not be possible for all businesses.
- The purchase interest rate rockets to 24.99% if you miss a payment.
Card details
Card details- Earn up to 90,000 Welcome Bonus Aeroplan®* points.
- Earn 65,000 Aeroplan points after spending $10,500 on your Card within the first 3 months as a new American Express® Aeroplan®* Business Reserve Cardmember.
- Plus, earn 25,000 Aeroplan®* points when you spend $3,500 in month 13.
- Earn Aeroplan points that you can redeem in a variety of ways.
- Earn 3 points for every $1 spent on eligible purchases made directly with Air Canada and Air Canada Vacations®*, 2 points for every $1 spent on eligible hotels and car rentals.
- Earn 1.25 points for every $1 spent on everything else.
- Make the most out of a full suite of business management tools that give you more control over your business - anytime and anywhere.
- Leverage your cash flow with the option of carrying a balance or paying in full each month.
- Control employee expenses plus track and accumulate points on your account with Employee Cards, so you have an opportunity to maximize the points you earn.
- Unlock business travel possibilities to make every work trip one to look forward to.
- Access more than 1,200 Priority Pass™ airport lounges around the globe. That means an oasis of comfort before your flight—regardless of your choice of airline or cabin class.
- Enjoy access to select Air Canada Maple Leaf Lounges™ for you and a guest, and Air Canada Café™; in North America, with a same day ticket on a departing Air Canada or Star Alliance®* flight.
- Enjoy Priority Check-In, Priority Boarding, and Priority Baggage Handling when you fly with Air Canada, together with up to eight companions.
- Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date; your Pass entitles you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to a maximum of $599 CAD (plus taxes, fees, charges, and surcharges).
- Stay focused on getting where you need to go. Receive up to $100 CAD in statement credits every four years when NEXUS application or renewal fees are charged to your Aeroplan Business Reserve Card.
- Pay with your American Express Aeroplan Business Reserve Card and present your Aeroplan Membership Card at over 170 Aeroplan partner brands and 120 online retailers via the Aeroplan eStore to earn points twice.
- If you’re departing from Toronto Pearson International Airport, enjoy the benefits of being an American Express Aeroplan Business Reserve Cardmember. Get more from your travel experience with access to Pearson Priority Security Lane, Complimentary Valet Service, 15% discount on parking rates, and 15% discount on Car Care Services.
- Get a 10% Head Start. Starting in 2027, eligible Basic Cardmembers with Aeroplan Elite™* Status will receive a 10% head start toward qualification, based on Status Qualifying Credits (SQC) accumulated the year before. Roll over any unallocated unused eUpgrade Credits to the following year to enjoy during your travels.
- Enjoy priority access to the standby list and eUpgrades. Get prioritized on the standby waitlist for an Air Canada flight and higher priority when you request an eUpgrade.
- Get 1,000 Status Qualifying Credits (SQC) for every $5,000 in eligible net purchases charged to your Card, up to 25,000 SQC
- Book flight reward tickets for even fewer points with Air Canada. In addition to flights, you can also redeem for hotel stays, car rentals, vacation packages, merchandise and more.
- Unlock two-car-class rental upgrades, expedited service, dedicated phone line, and more with complimentary upgrade to Avis President’s Club.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, NerdWallet may receive compensation from American Express, which can be in the form of monetary payment.
Rewards breakdown
Rewards breakdownPoints for every $1 on eligible purchases at participating Marriott Bonvoy® hotels.
Points for every $1 on eligible gas purchases.
Points for every $1 on eligible dining purchases.
Points for every $1 on eligible travel purchases.
Points for every $1 on everything else.
NerdWallet's take
NerdWallet's takeBusiness owners who are Marriott regulars will appreciate the 5x points per $1 spent at participating hotels, one free stay a year, an extensive suite of travel coverage and the ability to transfer points to popular frequent flyer programs. But the conversion isn’t 1:1 — you need to transfer 3 Marriott Bonvoy points, to get just 1 Aeroplan point, for example. Best for: Businesses that spend big at hotels and are loyal to Marriott.
Pros
- High base rate of 2x points per $1 spent.
- Ability to transfer points to popular loyalty programs.
- Extensive travel insurance.
Cons
- Highest 5x earn rate is only for Marriott purchases.
- No airport or flight perks.
Card details
Card details- Earn up to 110,000 bonus Marriott Bonvoy® points
- New Marriott Bonvoy® American Express®* Cardmembers can earn up to 110,000 bonus Marriott Bonvoy® Points– Earn 80,000 points after you spend $10,000 on your Card in your first 6 months of Cardmembership. Plus, earn 30,000 points when you make a purchase in your 15th month of Cardmembership. Offer ends April 7, 2026.
- Earn Marriott Bonvoy points that you can redeem in a variety of ways:
- Earn 5 points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
- Earn 3 points for every $1 spent on eligible gas, dining and travel after your welcome offer ends, or the cap is reached.
- Earn 2 points for every $1 spent on everything else.
- Redeem points for free nights with no blackout dates at over 7,000 of some of the world's most extraordinary hotels and resorts around the globe. Use your points for flights on some of the world's leading airlines.
- Make the most out of a full suite of business management tools that give you more control over your business - anytime and anywhere.
- Leverage your cash flow with the option of carrying a balance or paying in full each month.
- Control employee expenses plus track and accumulate points on your account with Supplementary Cards, so you have an opportunity to maximize the points you earn.
- Experience the exclusive benefits of the Marriott Bonvoy® Business American Express®* Card.
- Receive an Annual Free Night Award automatically each year after your anniversary.
- Enjoy an automatic upgrade to Marriott Bonvoy Gold Elite status when you reach $30,000 in purchases on your Card each year.
- Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. Conditions Apply. If you apply and get approved for an American Express Card, NerdWallet may receive compensation from American Express, which can be in the form of monetary payment.
Rewards breakdown
Rewards breakdownPoints for virtually every $1 in purchases.
NerdWallet's take
NerdWallet's takeSmaller businesses might balk at the steep annual fee, but you get what you pay for with this top-tier business offering from Amex: comprehensive airport lounge access, up to $820 in annual statement credits and a bevy of exclusive airport perks. Best for: Businesses that travel often and don’t mind spending more for premium benefits.
Pros
- No pre-set spending limits.
- Complimentary access to numerous airport lounge programs, including the exclusive Centurion Lounge.
- A full suite of insurance.
Cons
- Hefty $799 annual fee.
- No accelerated rewards rates.
Card details
Card details- Earn up to 120,000 bonus Membership Rewards® points
- Earn 80,000 Membership Rewards® points after you charge $15,000 in net purchases to your Card in your first 3 months of Cardmembership
- Plus, earn 40,000 points when you make a purchase between 15 and 17 months of Cardmembership
- That’s up to $1,200 in statement credit that can be reinvested in your business
- Earn points that you can redeem in a variety of ways.
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses.
- Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
- Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
- Bolster your business with up to $820 in annual business and travel statement credits.
- Enroll your eligible Card and earn up to $500 in business statement credits on qualifying purchases with Dell and Indeed.
- Enroll and earn up to $120 in eligible Wireless Credits each year.
- Access a $200 Annual Travel Credit each year of your Cardmembership.
- Unlock spending power and payment flexibility with a full suite of business management tools that give you more control over your business - anytime and anywhere.
- Enjoy financial flexibility with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
- Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
- Pay for business expenses over time with Flexible Payment Option.
- This charge Card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full Charge. This rate is effective from the day the account is opened. The Preferred rate of 21.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12 month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12 month period, the Flexible Payment Option rate will be 29.99%. These rates are effective from the day the Flexible Payment Option is first available on your account.
- Extend payment solutions with Supplementary Cards for your employees.
- Enjoy special benefits for you and your business.
- Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1400 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience. Terms and Conditions apply.
- Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
- Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
- Enjoy access to specialty services and events, preferential treatment, and a dedicated Concierge team.
- Enjoy Fine Hotels + Resorts benefits at over 1,600 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
- Access a $100 CAD credit for NEXUS every 4 years with your Cardmembership.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, NerdWallet may receive compensation from American Express, which can be in the form of monetary payment.
NerdWallet's take
NerdWallet's takeWith no annual fee and up to $500,000 of credit available, the ScotiaLine for Business VISA Credit Card (Secured) is a solid choice for business owners who do not qualify for a traditional credit card.
Pros
- No annual fee.
- Low interest rate.
- Up to $500,000 credit limit.
Cons
- No rewards.
- No welcome offer.
Card details
Card details- No annual fee.
- Free supplementary cards and personalized cheques.
- Discounts on car rentals.
- Low interest rate (Prime + 1%).
- Unsecured version available.
- Purchase protection and extended warranty coverage.
Rewards breakdown
Rewards breakdownCash back on eligible Office Supply Purchases and (up to a $15,000 maximum annual spend).
Cash back on eligible Gas Purchases (up to a $15,000 maximum annual spend).
Cash back on regularly recurring bill payments (up to a $15,000 maximum annual spend).
Cash back on everything else.
NerdWallet's take
NerdWallet's takeThe TD Business Cash Back Visa* Card is a no-fee card that earns competitive rewards on office supplies, gas, electric vehicle charging, public transit, streaming services, digital gaming, media purchases and recurring bills.
Pros
- Earn competitive rewards on business essentials.
Cons
- Accelerated earn rates for bonus category spending are restricted to $15,000 maximum annual spending limits.
Card details
Card details- $0 annual fee.
- 2% cash back on eligible Office Supply Purchases and Gas Purchases (up to a $15,000 maximum annual spend).
- 2% cash back on regularly recurring bill payments (up to a $15,000 maximum annual spend).
- 0.50% cash back on everything else, including after you’ve exceeded your annual spending limits in bonus categories.
- 19.99% for purchases, 22.99% for cash advances.
- Earn 50% more Stars at participating Starbucks stores. Conditions apply.
- Cash Back Dollars never expire as long as your account is open and in good standing. Rewards are credited back to your business account as an automatic statement credit on an annual basis.
- Get access to the Card Management Tool, an easy way to access online reporting, review your business expenses, manage your existing credit limits, and apply spend controls.
- Discounts of up to 25% off for business purchases made under the Visa SavingsEdge Program.
- Save with Avis Rent A Car and Budget Rent A Car.
- Chip & PIN technology, Verified by Visa, plus Purchase Security and Extended Warranty Protection.
- Access to optional Travel Medical Insurance, Trip Cancellation and Trip Interruption Insurance.
- Optional TD Auto Club Membership.
- Emergency cash advances available, up to $5,000 for your TD Business Cash Back Visa* Card.
- Eligibility requirements: You are a Canadian resident and are of the age of majority in your province/territory of residence.
Rewards breakdown
Rewards breakdownPoints on Air Canada purchases, including Air Canada Vacations.
Points on travel.
Points on dining.
Points on select business categories, such as shipping, internet, cable and phone services.
Point on everything else.
NerdWallet's take
NerdWallet's takeThe TD Aeroplan Visa Business Card impresses with its obtainable welcome bonus, low interest rate and increased earn rate on essential business purchases.
Pros
- A 14.99% interest rate on purchases is unusual for a card packing this many benefits, including a healthy earn rate on business purchases like shipping and internet.
- Wide range of insurance provided.
- Travel perks include statement Credits For NEXUS Holders, free checked bags and Maple Leaf Lounge guest pass.
Cons
- Most travel perks require cardholders to hit spending thresholds before they can be claimed.
- Smaller businesses may not spend enough to score the full welcome bonus.
Card details
Card details- Earn up to 60,000 Aeroplan pointsΓ. Conditions Apply. Account must be opened and approved by September 3, 2024.
- Earn 2 Aeroplan points for every dollar spent on eligible purchases made directly with Air Canada, including Air Canada Vacations.
- Earn 1.5 Aeroplan points for every dollar spent on eligible travel, dining and select business categories, such as shipping, internet, cable and phone services.
- Earn 1 Aeroplan point for every dollar spent on all other eligible purchases.
- Earn points twice when paying with a TD Aeroplan Visa Business Card and providing an Aeroplan number at over 150 Aeroplan partner brands and more than 170 online retailers via the Aeroplan eStore.
- Points can be redeemed for flights, hotels, merchandise, gift cards and more. They can also be used to pay down the card’s balance.
- Linked cards earn 50% more Aeroplan points and Stars at participating Starbucks stores.
- $149 annual fee — rebated in the first year.
- Free first checked bag for up to 9 people travelling on the same reservation on Air Canada flights.
- One free one-time guest pass to Maple Leaf Lounges for every $10,000 in net purchases. Maximum of 4 passes a year.
- Reach Aeroplan Elite Status more quickly by earning 1,000 Status Qualifying Miles and one Status Qualifying Segment for every $5,000 in net purchases.
- Access online reporting, review business expenses, managing existing credit limits and apply spend controls through the TD Card Management Tool.
- Visa SavingsEdge program: save up to 25% on eligible business purchases.
- Travel benefits: travel medical insurance (up to $2 million in coverage for the first 15 days for those under 65; coverage lasts for 4 days for those 65 and older); common carrier travel accident insurance (up to $500,000 for covered losses), trip cancellation insurance (up to $1,500 per insured person; maximum of $5,000), trip interruption insurance (up to $5,000 per insured person; maximum of $25,000), flight/trip delay insurance (up to $500 if a flight or trip is delayed for longer than 4 hours), delayed and lost baggage insurance (up to $1,000 of overall coverage per insured person), auto rental collision/loss damage insurance (covers the full cost of a car rental for up to 48 days), hotel/motel burglary insurance (up to $2,500), mobile device insurance (up to $1,000 in coverage).
- Toll-free emergency travel assistance services.
- Receive a rebate of up to $100 on NEXUS enrolment application/renewal fee costs once every 48 months.
- Save a minimum of 10% on the lowest available base rates in Canada and the U.S., and a minimum of 5% on the lowest base rates internationally on qualifying car rentals at participating Avis and Budget locations.
- Visa Zero Liability protection, Verified by Visa and instant alerts to prevent fraudulent card use.
- Purchase security and extended warranty protection.
- Minimum credit limit of $1,000.
- Interest rates: 14.99% on purchases, 22.99% on cash advances.
NerdWallet's take
NerdWallet's takeLow variable interest rates and no annual fee make the CIBC bizline Visa a viable fit for growing businesses. Don’t expect any rewards or insurance coverage, though. Best for: Any business that wants to tap into no-fee, low-rate flexible credit.
Pros
- No annual fee.
- Low interest rates of CIBC prime + 1.5%.
- Up to 35% car rental rates with Avis and Budget.
Cons
- Doesn’t earn rewards.
- No insurance coverage.
Card details
Card details- No annual fee for the first card and up to nine additional cards.
- Credit limits range from $1,000 to $50,000.
- Manage, track and organize credit activity through CIBC CreditSmart.
- Fraud alerts and zero liability in the event of fraudulent card activity.
- $100,000 in common carrier accident insurance for the cardholder, a spouse and dependent children.
- A $35,000 minimum individual annual income is required for approval.
- Preferred rates: As low as 7.45% -- CIBC Prime plus 1.5% on purchases and cash advances.
- The information for the CIBC bizline® Visa* Card has been collected independently by NerdWallet. The card details on this page have not been reviewed or provided by the card issuer.
Rewards breakdown
Rewards breakdownPoint for every $1 spent in net purchases with your card.
NerdWallet's take
NerdWallet's takePetro-Canada customers may be happy to hear that RBC Visa CreditLine for Small Business offers discounts at the pump and comes with no annual fee. Other perks include DoorDash discounts and purchase protection.
Pros
- No annual fee.
- Additional fuel savings when you link the card to a Petro-Canada account.
- Free DoorDash deliveries with a three-month complimentary DashPass subscription.
Cons
- No welcome offer, as of June 2023.
- Variable interest rate.
- Cannot apply online.
- Only two cards available per account.
Card details
Card details- No annual fee.
- Up to one free additional card.
- Earn 1 RBC Rewards point for every $2 spent, with no limits.
- Use RBC Rewards points for travel, cash back, merchandise and more.
- Purchase security and extended warranty insurance are provided.
- Fraud protection and enhanced security through RBC's 24-hour worldwide fraud detection services and Visa's Zero Liability policy.
- Get 20% more Petro-Canada points and RBC Rewards points when you link your Petro-Points account to your credit card account. Plus, save $0.03 on every litre of fuel at the pump.
- Pay your balance, transfer a balance and receive funds online.
- Optional travel, life and disability insurance are available.
- Must apply in person or over the phone.
Rewards breakdown
Rewards breakdownPoint for every $1 spent.
NerdWallet's take
NerdWallet's takeThis simple flat-rate cash-back card comes with a low $49 annual fee, variable interest rates, free additional cards and basic insurance coverage. But if you want premium business perks, you’ll need to look elsewhere. Best for: Small businesses looking for a simple cash-back card.
Pros
- Low $49 annual fee.
- Flat-rate 1% on all purchases with no limits.
Cons
- Variable rates that fluctuate with prime.
- Limited insurance coverage.
- Physical bank branches only in Ontario.
Card details
Card details- $49 annual fee, waived for the first year.
- Earn 1 reward point per $1 spent, with no limit.
- Redeem your cash back rewards the way you want. Options include: Gift cards, merchandise, travel or account credit.
- No additional card fee.
- Mobile device insurance, up to $1,000 in coverage.
- Purchase protection insurance, up to 90 days from purchase date. Maximum of $10,000 per item up to a maximum of $50,000 lifetime per account.
- Extended warranty insurance, up to one additional year. Maximum of $10,000 per item up to a maximum of $50,000 lifetime per account.
- Price protection service, up to 60 days after purchase. Get reimbursed the difference if the item is found cheaper elsewhere. Conditions apply. $100 maximum per item and $500 per account per year.
- Waiver of liability program. Allows a Business to request a waiver of the Business’s liability for eligible Waivable Charges made by the Cardholder.
- Credit range: $5,000 to $250,000.
- 21-day grace period on all purchases.
- Access to Visa SavingsEdge, a discount portal for business cards. Enrollment is free, and savings earned on purchases are remitted as statement credits.
- To apply for this credit card, contact a Meridian advisor. You must be a Canadian tax resident who is a sole proprietor with a business name registered in Ontario and a single-person corporation with a trade name registered in Ontario to open a Meridian business bank account.
Rewards breakdown
Rewards breakdownPoints for every $1 spent on gas.
Points for every $1 spent on office supplies.
Points for every $1 spent on cell phone and internet bill payments.
Points for every $1 spent on all other purchases.
NerdWallet's take
NerdWallet's takeA solid business card that boasts travel insurance, complimentary virtual care visits via Maple and earn rates that top out at 4x per dollar spent. You’ll also get two free airport lounge passes annually, but any extra visits come with a per-use fee. Best for: Businesses seeking a well-rounded card with light airport lounge access.
Pros
- Two free airport lounge passes annually.
- Five free Maple virtual care visits.
Cons
- $50 fee for each employee card.
- 4x earn rate capped at $50,000 per year.
Card details
Card details- Welcome Offer: Get over $1,500 in value!* This includes up to 100,000 BMO Rewards Points – that’s a $669 value in the first year.*
- 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
- No annual fee for the first year.*
- Here’s how the welcome offer adds up: $135 in value (20,000 BMO Rewards Points) when you make your first purchase.* Up to $535 in value (8,000 BMO Rewards Points from months 3-12) when you spend $3,000 each month.* $701 in value from your premium benefits.* Plus, your $149 annual fee is waived in the first year.*
- Earn 4 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments.*
- Earn 1.5 BMO Rewards points for every $1 you spend.*
- Get up to 7 cents off per litre on all Shell®± fuel.*
- Complimentary membership in Mastercard Travel Pass provided by DragonPass, with two annual complimentary passes.*
- *Terms and conditions apply.
- BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
NerdWallet's take
NerdWallet's takeThis simple business credit card has a moderate $50 annual fee, variable interest rates and no rewards. But it gives cardholders something unique — access to a $10,000 line of credit. Best for: Small businesses with large, unexpected costs.
Pros
- Low $50 annual fee.
- Access to $10,000 line of credit.
Cons
- Variable rates that fluctuate with prime.
- No rewards.
- No travel insurance.
Card details
Card details- $50 annual fee.
- No annual fee for additional cards.
- Variable interest rates are tried to the prime rate, which is the annual variable interest rate posted by National bank.
- 5% + the prime rate for purchases, balance transfers and cash advances.
- The 21-day grace period for purchases does not apply to cash advances and balance transfers.
- Easy Savings advantages and promotional offers from participating merchants.
- Secure online purchases with Mastercard® ID Check, a service that protects you against fraud by verifying your identity when making online purchases.
- $1,000 minimum credit limit.
- Financing of up to $10,000 available.
- Card payments can be automatically withdrawn from your National Bank or another account so you can avoid late payment fees if you apply for pre-authorized debit.
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeThe TD Business Select Rate Visa Card is a great option for people looking for a low rate (11.99%) and no annual fee ($0). The card also offers free additional cards for employees as well as rental discounts at Avis and Budget.
Pros
- Low interest rate (11.99% for purchases and cash advances).
- No annual fee.
- Free additional cards.
Cons
- No rewards or cash back.
- No welcome offer.
Card details
Card details- $0 annual fee.
- Discounts of up to 25% off for business purchases made under the Visa SavingsEdge Program.
- Rental car discounts at Avis and Budget, and rental car insurance.
- Purchase protection and extended warranty.
- Earn 50% more Stars at participating Starbucks when you link your card.
- 11.99% for purchases and cash advances.
- Card is made from 90% recycled plastic.
- To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
Rewards breakdown
Rewards breakdownAventura points on travel purchased through the CIBC Rewards Centre.
Aventura points on gas and travel purchases.
Aventura point on everything else.
NerdWallet's take
NerdWallet's takeA low-rate business card that earns Aventura points on travel and transportation spending. It carries a slightly higher annual fee than its sister card, but its lower interest rates could be a worthwhile tradeoff for the right business. Best for: Businesses that expect to carry a card balance while spending big on fuel and travel.
Pros
- Purchase interest rates as low as 12.99%.
- Some travel insurance.
Cons
- No emergency medical coverage.
Card details
Card details- Intro offer: Earn 20,000 Aventura points after making your first purchase, and a bonus 10,000 Aventura points if the first purchase is made within the first four months. Then, earn 40,000 points after spending $35,000 or more during the first year. Plus, get a one-time annual fee rebate (of at least $120) for the primary card, and three additional cards for free (normally $50 each).
- Earn 2 Aventura points on travel purchased through the CIBC Rewards Centre.
- Earn 1.5 Aventura points for every dollar spent on eligible gas and travel purchases, such as flights, hotels, car rentals and travel agencies, up to a maximum annual spend of $80,000.
- Earn 1 Aventura point for every dollar spent on all other purchases.
- $180 annual fee (at least $120 rebated in the first year).
- $50 annual fee for each additional card (up to nine cards) rebated in the first year.
- $35,000 individual minimum annual income to apply.
- Fraud alerts and zero liability protection if a card is stolen or used for fraudulent purchases.
- Insurances include: Flight Delay and Baggage Insurance, Purchase Security and Extended Protection Insurance, Auto Rental Collision and Loss Damage Insurance, $500,000 Common Carrier Accident Insurance and Trip Cancellation and Trip Interruption Insurance.
- Get a 12-month Skip+ free trial when you link your CIBC credit card with your Skip account.
- The information for the CIBC Aventura® Visa* Card for Business (Low Rate Option) has been collected independently by NerdWallet. The card details on this page have not been reviewed or provided by the card issuer.
Earn UP TO 120,000 POINTS! That’s up to $1,200 in statement credits to reinvest in your business. With No Pre-set Spending Limit, Up to 55 interest-free days, and payment flexibility have more cash on hand when you need it the most. Terms and Conditions apply. Click “Apply Now” for more details.
Earn UP TO 70,000 POINTS! That could be redeemed for up to $700 in statement credits to be reinvested in your business. With an annual fee of $199, No Pre-set Spending Limit, Up to 55 interest-free days, and payment flexibility have more cash on hand when you need it the most. Terms and Conditions apply. Click “Apply Now” for more details.
Methodology
BACK TO TOPWhat to know about business credit cards in Canada
BACK TO TOPBusiness credit cards can help simplify accounting, earn bigger rewards, and offer higher credit limits than many personal cards. As with other types of credit cards, they do come with unique rules, plus different perks, benefits, and features to consider.
Business cards vs. personal cards
Compared to personal cards, business credit cards generally have:
Higher credit limits to cover bigger business purchases.
Tailored rewards on office supplies, internet services, cell phone bills and other business essentials.
Potential for multiple employee cards with liability protection.
Who can get a business credit card?
Sole proprietors, freelancers, side-hustlers.
Small-to-medium businesses.
Larger corporations with high revenues.
A formal business structure isn’t always required. Usually, you just need to prove you have a legitimate income-generating activity. That means if you just started a small business and it is not yet turning a profit, a business credit card should still be within reach.
Types of business credit cards
Small business credit cards:
Operate like personal cards but with business-oriented rewards and features.
Sole proprietors and small business owners may rely on personal credit scores to qualify.
Ideal for sole proprietors, small or mid-sized business owners with multiple employees, or brand-new ventures in Canada.
Small business credit card options with no annual fees or lower interest rates can help reduce a new company’s credit burden.
Corporate cards:
Generally charge cards for larger companies with significant revenues. (American Express, for example, recommends its corporate credit cards to Canadian businesses with annual revenues of $10 million or more).
May be distributed to employees.
Fees and charges are the responsibility of the corporation, not individuals.
Reasons to use a business credit card
To separate expenses and simplify accounting. A clear line between personal and business spending makes tax deductions (like credit card interest and most fees) much simpler.
To earn valuable perks. A business credit card can also give you access to benefits — like expense tracking tools, higher earn rates on business-related purchases, and discounts on essentials like gas — that are not not commonly offered on personal cards.
To build business credit. Establishing a business credit history could help your business access future loans and higher levels of financing. Even if you have low or no income, certain secured or no-fee cards can jump-start your business credit.
Pros and cons of business credit cards
Pros
Simplifies accounting and budgets by separating personal and business expenses.
Earns rewards, often at higher rates than most personal cards.
Perks like travel insurance, airport lounge access, expense tracking, and other offerings that provide tangible business benefits.
Can help build business credit for future financing, when used responsibly.
Tax deductions on fees and interest.
Cons
Personal creditworthiness can be negatively impacted if you fail to manage your credit card’s balance.
Higher interest rates than traditional loans or lines of credit.
Annual fees can add up, especially if a business uses multiple cards.
Risk of misuse if multiple people have cards.
How to get a business credit card
Compare your options
When shopping around, look at:
Interest rates on purchases, balance transfers and cash advances.
Annual fees for primary and additional cards.
Credit limit offered.
Rewards programs — cash back and travel points are common — and earn rates.
Welcome offers and enrollment bonuses (if you can meet spending thresholds).
Perks like travel insurance, access to exclusive deals and business discounts.
Expense management and tracking tools.
Make sure you qualify
Qualifying means convincing credit card providers that they should do business with you. Typically, they assess:
Personal credit score. A “good” credit score — 660+ — is often required, especially if your business has limited credit history.
Income and revenue. Some business cards require a minimum annual revenue or personal income level.
Proof of business. Even freelancers and side-hustlers can qualify, but you may need to show documentation that proves your business generates income.
Submit your application
Applying for a business credit card is similar to applying for a personal card, but you’ll need to provide business documentation in addition to your personal information. Most applications can be completed online or in person.
What you may need to apply:
Personal identification — such as a valid driver’s license, passport or other form of government-issued ID.
Proof of business — for example, a Master Business License, Articles of Incorporation, or a trade name registration certificate — may be required.
Financial statements — like, a personal Notice of Assessment, business activity statements, or recent bank statements — could be requested.
New businesses — those less than two years old — are commonly subject to additional criteria and may need to provide a business plan, balance sheet, or cash flow statement to show financial viability.
Once you submit your application, approval times vary. Some credit card companies provide instant decisions, while others may take a few days to verify your documents.
If you’re building or repairing credit and fall short of income requirements — or you've been outright rejected — consider a secured business credit card. This option is generally easier to qualify for, and can help your business establish a positive credit profile over time.
How to get the most out of your business credit card
There are several ways you can maximize the value of your business credit card.
Pick relevant rewards. Earn in categories tailored to your business’s actual spending.
Use multiple cards to earn different kinds of rewards — one for airport perks, another for cash back, for example — but only if you can handle the payments
Plan around promotional offers:
Time your welcome bonuses and apply before heavy spending periods to hit spending thresholds.
Use 0% intro APR periods strategically to save money on big purchases — so long as you pay the balances off before the offer expires.
Pay more than the minimum each month to limit interest charges.
Take advantage of discounts on gas, car rentals and other business-related expenses.
Track costs — your spending, interest and fees paid — for potential tax deductions.
DIVE EVEN DEEPER
Shannon Terrell