Business Credit Cards

Business Credit Cards

Last Updated: June, 2020

Best Business Credit Card Canada 2020

You can use a small business credit card to fund your company expenses.

When comparing business cards, pay special attention to the cards’ APRs and fees. You want to make sure you can afford to carry a balance if your business runs into cash flow problems.

Also, look at the types of rewards programs a card offers. If you’re a busy entrepreneur, you may prefer a card with more straightforward rewards. But if you or your employees regularly travel for business, you could enjoy a healthy return if you opt for a business travel rewards credit card.

Business Credit Cards

COMPARE THE BEST BUSINESS CREDIT CARDS FOR CANADIANS​

CIBC Aventura Visa Card For Business

The CIBC Aventura Visa Card comes with access to CIBC Rewards. CIBC awards can transfer to flights, merchandise and even credits on your statements. As a welcome bonus, the card comes with 20,000 CIBC points after your first use and another 15,000 after you spend $3000.
As well, the card offers 2 points per dollar on travel purchased through CIBC Rewards. 1.5 points per dollar spent on gas and travel expenses and one point per dollar on everything else.

Finally, the card does have a $120 fee, which is average among like cards. For business credit cards, the CIBC Aventura Visa Card is one of the top options in the market today.

American Express Business Edge Card

The American Express Business Edge is a reliable business credit card that rewards you. The card rewards you for business expenses, with three points per dollar spent. Any other use, you will earn one point per dollar.

As well, the card comes with up to 42,000 AMEX points as a welcome bonus. After $5000 worth of purchases, you will receive 30,000 points. Plus, every month during the first year that you spend at least $3000, you will earn 1,000 points.

Finally, the card has access to the AMEX Membership Rewards program. With one-to-one transfer and great travel perks, the AMEX Rewards program is not like any other. The AMEX Business Edge card is worth the $99 annual fee.

Marriott Bonvoy Business American Express Card

If you travel for work, the Marriott Bonvoy Business American Express card is impressive. The card comes with one of the best welcome bonuses in the niche, with 50,000 Bonvoy points after $1500 spent.

As well, the card rewards you with five points per dollar spent at Marriott. Three points per dollar spent on restaurants, gas and other travel expenses. Two points for everything else, not too bad!

Finally, the card does have a $150 annual fee, but with all the Marriott perks you get, it can pay for itself every year. This card is a great deal for any business that travels a lot. The perks are amazing, and you can rack up the points.

BMO Cashback Business Mastercard

It can be hard to find a no-fee business card that rewards you, but the BMO Cash back Business Mastercard does! The card offers 1.5% cashback on office supplies, reoccurring internet and phone bills and gas. Plus, another 1.75% on gas bought at Shell.

As well, the card does have a decent welcome bonus with 6% cash back up to $54 on gas, and office supplies.

Finally, although the card does not have the same perks as others on this list, the $0 fee makes this card a viable option. If you are looking for a no-fee card with some perks, the BMO Cash back Business Mastercard is worth a peek.

THE BOTTOM LINE

  • Best Overall Business Credit Card: CIBC Aventura Visa Card for Business

  • Best Business Credit Card for Travel: Marriott Bonvoy Business American Express

  • Best No-Fee Business Credit Card: BMO Cashback Business Mastercard

  • Best Business Credit Card for perks: Marriott Bonvoy Business American Express

  • Best Business Credit Card for rewards: Marriott Express Business Edge Card

Business​ Credit Cards Summary

CREDIT CARD

ANNUAL FEE

REWARD PROGRAM

PERKS

CIBC Aventura Visa Card for Business

$120

CIBC Rewards

Welcome bonus of up to 35,000 points

Use your points for airline rewards, merchandise, gift cards and statement credits

American Express Business Edge Card

$99

AMEX Membership Rewards

Up to 42,000 points welcome bonus

Access to the AMEX Membership portal and the ability to transfer points to other programs

Marriott Bonvoy Business American Express Card

$150

Marriott Bonvoy

50,000 Marriott Bonvoy points after $1500 spent in the first three months

Tons of Marriott perks

BMO Cashback Business Mastercard

$0

Cashback

1.75% cashback at Shell

1.5% cashback for gas, reoccurring phone and internet payments and office supplies.

Other Popular Credit Cards for Canadians

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