Top 10 Best Business Credit Cards Canada

Every business owner is going to have their own specific expectations that they are going to place on the Canada business cards that they choose. Following is a list of what many consider to be the most important when it comes to the credit cards for Canadian business owners.

  • Rewards
  • Interest Rates
  • Welcome bonus
  • Authorized Users
  • Annual fees
  • Airline mile rewards
  • Travel
  • Cash Back
  • Foreign Transaction Fees
  • Hotel Burglary Insurance

The following should be considered as the top ten best business Canada credit cards with each of them stand out for at least one of the important “must haves” for the business credit cards issued to Canadian business owners.

  1. BMO Rewards Business Mastercard ( Best Business Canada Credit Card for Rewards)
  2. Scotialine for Business Visa Credit Card (Best Business Canada Credit Card for Low Interest)
  3. American Express Business Gold Rewards Card (Best Business Canada Credit Card Welcome bonus)
  4. BMO Air Miles No Fee Business Mastercard( Best Business Canada Credit Card no extra card fee)
  5. American Express Air Miles Gold Business Card (Best Business Canada Credit Card no annual fee)
  6. TD Aeroplan Visa Business Card (Best Business Canada Credit Card for Air Mile Rewards)
  7. TD Business Travel Visa Card (Best Business Canada Credit Card for Travel)
  8. BMO CashBack Business Mastercard (Best Business Canada Credit Card for Cashback)
  9. Business Platinum Card from American Express ( Best Business Canada Credit card for Foreign transaction fees)
  10. The Starwood Preferred Guest Business Credit Card from American Express (Hotel burglary insurance)

Best Business Canada Credit Card for Rewards

BMO Rewards Business Mastercard

BMO Corporate One Card

Annual Fee$120*
Interest Rate14.99%
Balance Transfer%None
Cash Advance%22.99%
Credit ScoreGood
RewardsEarned points

For businesses that rely on their business cards, they want extra benefits to come with the card. BMO has recently introduced a new card for businesses that come with extra perks such as;

  • For every dollar spent on gas, the card owner gets 3 BMO Rewards points
  • The same applies for cell phone internet bill payments and office supplies.
  • For every other dollar spent on the card gives 1.5 BMO rewards points

Best Business Canada Credit Card for Low Interest

Scotialine for Business Visa Credit Card

Scotialine for Business Visa Credit Card

Annual FeeNone
Interest RatePrime +1% to 1.5%(secured)
Balance Transfer%N/A
Cash Advance%N/A
Credit ScoreGood
RewardsPoints

This business card has earned its spot on the top ten business credit card list because of the low-interest rate. Which is even low for unsecured at prime +5.49%. This card also comes with some extra advantages such as;

  • Optional Scotia business loan protection
  • Discounts on business purchases
  • Car rental discounts
  • Purchase security and extra warranty

Best Business Canada Credit Card for Welcome Bonus

American Express Business Gold Rewards Card

American Express Business Gold Rewards Card

Annual FeeNone 1st.yr.
Interest Rate 30% annual
Balance Transfer%none
Cash Advance%30%
Credit ScoreGood
RewardsPoints

Even businesses want to take advantage of a welcome bonus when it comes to choosing their Canada business credit card. This is what has earned this credit card a spot on the top ten list. It kickstarts new users with 30,000 welcome bonus points. Some of the other advantages are;

  • Rewards on personal and business purchases
  • Point transfer program
  • Front of the Line Access

Best Business Canada Credit Card for No Extra Card Fee

BMO Air Miles No Fee Business Mastercard

BMO Air Miles No Fee Business Mastercard

Annual FeeNone
Interest Rate 19.99%
Balance Transfer%22.99%
Cash Advance%22.99%
Credit ScoreGood
RewardsAir miles

This card has a lot of good things going for it. But it is one of the few that offers no charge for extra cards. Then some of the more impressive extra benefits and features are;

  • For every $20. spent one air mile is earned
  • For every $20 spent at Shell stations, it earns 1.25 air miles
  • Welcome bonus of 500 Air miles
  • Pooling of earned air miles
  • Optional employee cards
  • Extended warranty
  • Extended grace period

Best Business Canada Credit Card for No Annual Fee

American Express Air Miles Gold Business Card

American Express Air Miles Gold Business Card

Annual FeeNone
Interest Rate 19.99%
Balance Transfer%22.99%
Cash Advance%22.99%
Credit ScoreGood
RewardsAir miles

We have chosen to include this card as the best one for those who prefer to have a Canada business credit card with no annual fee. It comes with some additional benefits such as;

  • Spend $1,000 in first 3 months and receive 150 bonus air miles
  • Opportunity to earn air miles twice

Best Business Canada Credit Card for Air Mile Rewards

TD Aeroplan Visa Business Card

TD Aeroplan Visa Business Card

Annual Fee$149
Interest Rate 14.99%
Balance Transfer%N.A.
Cash Advance%22.99%
Credit ScoreGood
RewardsAir miles

There are a few credit cards that offer air miles. This one is recognized on this top ten list for this reason. But, also it has one of the lower interest rates. These two benefits combined make it more beneficial when it comes to getting extra perks with the air miles. Some of the additional perks are;

  • 20,000 Aeroplan miles as a welcome bonus
  • A chance to earn air miles twice
  • Travel benefits

Best Business Canada Credit Card for Travel

TD Business Travel Visa Card

TD Business Travel Visa Card

Annual Fee$149
Interest Rate 19.99%
Balance Transfer%N/A
Cash Advance%22.99%
Credit ScoreGood
RewardsPoints

Some business owners want a credit card that is going to focus on giving them at least a little extra when it comes to travel benefits. For those corporations that have a lot of travel obligations cards geared for travel can be more beneficial. This business card is being added to the top ten list because of its dedication to the business travelers. Some of the travel specific rewards are

  • 9TD rewards for booking through Expedia for TD.com
  • Earn points for business travel related purchases
  • No blackouts or restrictions
  • A full suite of travel insurance

Best Business Canada Credit Card for Cashback

BMO CashBack Business Mastercard

BMO CashBack Business Mastercard

Annual FeeNone
Interest Rate 19.99%
Balance Transfer%N/A
Cash Advance%22.99%
Credit ScoreGood
RewardsCashback

Every business owner has their own preferences when it comes to the features and benefits they want from their Canada business credit card. Some prefer points. Others like to have cashback. This is the main reason this card has been added to the top ten list. The cashback advantages are;

  • At Shell cardholder gets 1.75%
  • Buying office supply purchases, and cell phone/internet billings give a 1.5% cashback. Also includes gas purchases at eligible gas stations.
  • On all other credit card purchases, a cashback of 0.75% is given.

Best Business Canada Credit Card for No Foreign Transaction Fees

Business Platinum Card from American Express

Business Platinum Card from American Express

Annual Fee$450
Interest Rate None
Balance Transfer%N/A
Cash Advance%None
Credit ScoreExcellent
RewardsRewards

This business credit card is a little different when it comes to interest rates. There are none because this card demands that the end of the month balance has to be paid in full. The reason that it has been added to the top ten list is because of its importance no foreign transaction fees. This is a high-end business credit card that comes with some substantial additional benefits such as;

  • 5X Membership Rewards points on flights and prepaid hotels
  • 35% airline bonus
  • $200 fee airline credit
  • Business Platinum travel service

Best Business Canada Credit Card for  Hotel Burglary Insurance

The Starwood Preferred Guest Business Credit Card from American Express

The Starwood Preferred Guest Business Credit Card from American Express

Annual Fee$150
Interest Rate 19.99%
Balance Transfer%N/A
Cash Advance%22.99%
Credit ScoreExcellent
RewardsStar Points

This card is included in the top ten because of its offering for Hotel Burglary Insurance. A few of the other best Canada business credit cards also offer this. But this combined with some of the other special perks that this card offers earns its place in this top ten list. Other features are;

  • Statement credits
  • Preferred Guest Program
  • No blackout dates
  • Bonus star points
  • Free weekend night award