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8 Best Business Credit Cards in Canada for December 2025
Published Dec 5, 2025 3:02 PM
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Credit Card ExpertNeed a credit card that complements your business expenses? Constantly travelling for work? Either way, there's a business credit card with your name on it. Find our top 8 contenders below.
Data-driven rankings of 120+ credit cards using a proprietary algorithm
Comprehensive analysis using 25+ data points including terms and conditions, points programs, and more
Objective editorial approach - we strive for unbiased reviews following our editorial guidelines
FinlyWealth's credit cards content, including rankings and recommendations, is overseen by a team of engineers and writers who specialize in credit cards, banking, and personal finance. Our work has been featured in The Globe and Mail, GoBankingRates, and AOL. Our proprietary analysis systems evaluate product features, terms, and conditions to deliver comprehensive reviews and comparisons while maintaining strict editorial standards for accuracy and integrity.
Scotiabank Passport® Visa Infinite Business* Card: Best Overall
American Express® Business Gold Rewards Card: Best Runner-Up
American Express® Aeroplan®* Business Reserve Card: Best Aeroplan
American Express Business Platinum Card®: Best Premium Perks
BMO AIR MILES®† World Elite®* Business Mastercard®*: Best AIR MILES
BMO® Ascend World Elite®* Business Mastercard®*: Best Business Rewards Card
BMO CashBack Business Mastercard: Best No-Fee Cashback
Marriott Bonvoy® Business American Express® Card: Best Hotel
Best Business Credit Cards in Canada
Our choice for: Best Overall
APPLY NOW
on Scotiabank's website
Welcome Bonus
Earn up to 40,000 bonus Scene+ points [1]
Annual Fee
$199
Interest Rates
19.99% / 22.99%
The Scotiabank Passport Visa Infinite Business Card stands out as one of the few business cards offering no foreign transaction fees, making it exceptional for companies with international operations or frequent business travel. With a solid 1.5% earning rate on all purchases (1.5 Scene+ points per $1) and a generous 40,000-point welcome bonus, it's ideal for businesses that value travel flexibility over category bonuses. The $199 annual fee is justified by comprehensive travel insurance, six annual lounge visits, and savings on foreign transactions. However, businesses focused purely on maximizing rewards in specific categories may find better options elsewhere.
Pros
- No foreign transaction fees (saves 2.5% on international purchases)
- Strong 1.5% earning rate on all purchases (no categories to track)
- Generous welcome bonus up to 40,000 Scene+ points ($400 value)
- Six complimentary annual airport lounge visits via Visa Airport Companion Program
- Comprehensive travel insurance ($1M medical coverage)
- Scene+ points have flexible redemption at 1¢ each for any travel expense
- First additional card free ($50 value)
- Visa Infinite benefits including concierge service
Cons
- High $199 annual fee
- High spending thresholds for full welcome bonus ($60,000 for 10,000 bonus points)
- Scene+ points can't be transferred to airline partners
- Higher income requirements ($60K individual/$100K household)
- Additional employee cards cost $50 each after the first
- Limited to Scene+ ecosystem vs. more flexible points programs
Rewards
- Earn 1.5X the Scene+TM‡ points for every $1 spent2 on purchases for your business
- Enjoy no Foreign Transaction Fees3 whether you make purchases online or outside of Canada
Insurance
Coverage
Travel Medical Insurance
$2M/insured up to 25 daysTravel Medical Insurance (65+)
$2M/insured up to 10 days
Trip Cancellation
$2,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/trip
Flight Delay
$500/person after 4 hours
Lost or Stolen Baggage
$1,000Baggage Delay
$1,000
Common Carrier Travel Accident Insurance
$500,000/insured, $1M combined.svg)
Car Rental Damage & Theft
$65,000 up to 48 days
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
No Foreign Transaction Fees
Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada
Airport Lounge - Dragon Pass
6 Free complimentary visits.svg)
Status lift
Avis® Preferred Plus membership.svg)
Concierge Services
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
*Terms and conditions apply. See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information. Check here for full details and current product information.
Our choice for: Best Runner-Up
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on American Express' website
Welcome Bonus
Earn 40,000 bonus Membership Rewards® points
Annual Fee
$199
Interest Rates
21.99% - 29.99%* / N/A*
The American Express® Business Gold Rewards Card is an excellent choice for business owners who also travel seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options.
Pros
- Flexible Rewards: Enjoy flexible Membership Rewards point conversion with up to 2.1 cents per point in average value.
- Travel Perks: Includes $100 annual travel credit when you spend at least 2 nights through booking with the Hotel Collection with American Express Travel
Cons
- Foreign Transaction Fees: A 2.5% fee applies to foreign transactions.
- Limited Travel Insurance: No travel medical insurance, trip cancellation or interruption coverage.
- Lower Acceptance: As an American Express card, it may have lower acceptance compared to Visa or Mastercard.
Rewards
- 1x point per $1 spent on all purchases
- 10,000 points each quarter when you charge $20,000 in net purchases to your card
Insurance
Coverage
Mobile Device Insurance
$1,000Flight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Common Carrier Travel Accident Insurance
$100,000Car Rental Damage & Theft
yesPurchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Amex Experiences™
Access Front Of The Line® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiences™.svg)
Travel Credit
Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.
Priority Travel
Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
Eligibility
Credit Score
GoodAnnual Income
N/A
*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
Our choice for: Best Aeroplan
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on American Express' website
Welcome Bonus
Earn up to 90,000 Aeroplan®* points
Annual Fee
$599
Interest Rates
21.99%* / 21.99%*
The American Express Aeroplan Business Reserve Card is the ultimate premium business card for Air Canada loyalists and frequent business travelers. With exceptional earning rates (3x on Air Canada, 2x on hotels/car rentals, 1.25x everywhere else), it delivers outstanding value for businesses invested in the Aeroplan ecosystem. The $599 annual fee is steep but justified by premium benefits including Maple Leaf Lounge access, Priority Pass membership, free checked bags, and the coveted Annual Worldwide Companion Pass. This card is ideal for businesses with significant travel budgets who can maximize Air Canada benefits and status perks.
Pros
- Premium earning rates: 3x Air Canada, 2x hotels/car rentals, 1.25x everything else
- Unlimited Maple Leaf Lounge access in North America with guest privileges
- Priority Pass membership for global lounge access
- Annual Worldwide Companion Pass (after $25,000 spend)
- Free first checked bag for up to 8 people on same reservation
- $100 NEXUS credit every 4 years
- Priority check-in, boarding, and standby benefits with Air Canada
Cons
- Very high $599 annual fee
- Benefits heavily focused on Air Canada ecosystem
- Limited value for businesses that don't travel frequently
- Premium benefits may be underutilized by smaller businesses
- Companion Pass requires significant annual spending ($25,000)
- Most valuable benefits tied to Air Canada flights and status
Rewards
- 3x Aeroplan® points per $1 spent on eligible Air Canada® and Air Canada Vacations® purchases
- 2x Aeroplan® points per $1 spent on eligible hotel and car rental purchases in Canada
- 1.25x Aeroplan® points per $1 spent on all other eligible purchases
Insurance
Coverage
Travel Medical Insurance
$5M/insured up to 15 daysTrip Cancellation
$1,500/person, $3K/tripTrip Interruption
$1,500/person, $6K/tripFlight Delay
$1,000/person after 4 hoursBaggage Delay
$1,000/person after 6 hoursLost or Stolen Baggage
$1,000Hotel Burglary Insurance
$1000Common Carrier Travel Accident Insurance
$500,000Car Rental Damage & Theft
$85K MSRP up to 48 consecutive rental daysPurchase Protection
90 daysExtended Warranty
1 years
Benefits
Details
.svg)
Free first checked bag
First checked bag is free for primary cardholder on Air Canada branded flight and up to 8 guests
Nexus Program Rebate
$100 every 4 yearsAmex Experiences™
Amex Experiences™ opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStoreStatus lift
Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchasesStatus lift
Complimentary upgrade to Avis® President's ClubStatus lift
Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.Status lift
Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.Priority Travel
At Toronto Pearson airport get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking and car care.Priority Travel
Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)Airport Lounge - Priority Pass
Pass only. No Complimentary visits!Airport Lounge - Maple Leaf and AirCanada Cafes
Unlimited Access for you and one guest
Companion Voucher
Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card
Free Extra Night at Hotels
Cardmembers can now get an extra night free for every 3 hotel nights redeemed with Aeroplan points. Enjoy even more at over 300,000 hotel properties worldwide
Eligibility
Credit Score
GoodAnnual Income
N/A
**Terms and conditions apply.
If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 29.99%.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
Our choice for: Best Premium Perks
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on American Express' website
Welcome Bonus
Earn up to 120,000 bonus Membership Rewards® points
Annual Fee
$799
Interest Rates
21.99% - 30%* / 21.99% - 30%*
The Business Platinum Card® from American Express is ideal for frequent business travelers who can take full advantage of the premium perks and extensive insurance coverage. Despite the high annual fee, the generous rewards and travel benefits may offset the cost for those who maximize the card's offerings.
Pros
- Generous Earn Rate: 1.25 points per $1 spent on all purchases.
- Premium Travel Perks: Includes a $200 annual travel credit, access to over 1,400 airport lounges worldwide, and hotel benefits like Marriott Bonvoy Gold Elite status.
- Comprehensive Insurance: Extensive travel and purchase insurance, including mobile device coverage and trip interruption protection.
- Interest Grace Period: Up to 55 interest-free days
Cons
- High Annual Fee: The card comes with a hefty $799 annual fee, which may not be justifiable for all users.
- Limited Acceptance: As an American Express card, it has lower acceptance compared to Visa or Mastercard.
Rewards
- 1.25x points per $1 spent on all purchases
Insurance
Coverage
Common Carrier Travel Accident Insurance
$500,000Travel Medical Insurance
15 daysFlight Delay
$1,000Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$1,000Trip Cancellation
$1,500Trip Interruption
$1,500Mobile Device Insurance
$1,500Car Rental Damage & Theft
YesExtended Warranty
1 yearPurchase Protection
90 days
Benefits
Details
Airport Lounge - American Express Global Lounge
Take full advantage of the American Express Global Lounge CollectionTM 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.Status lift
Earn Marriott Bonvoy Gold Elite status by spending $30,000 or staying 10 nights combined with 15 Elite Night Credits. Status retention depends on Marriott Bonvoy terms.Free Extra Night at Hotels
Each year, 8-10 weeks after your anniversary, receive a Free Night Award for a Marriott Bonvoy room up to 35,000 points, valid for 1 year. Resort fees excluded.
Interest on Balance
Up to 55 interest-free daysNexus Program Rebate
Access a $100 credit for NEXUS with your CardmembershipConcierge Services
Personalized concierge at your service
Discount
Your Business Platinum Card gets you savings on the seats you really want and lower fares on premium tickets with participating airlinesAmerican Express® Experiences
Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts, theatre shows, and special offers with American Express® ExperiencesPriority Travel
At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily parkTravel Credit
Access a $200 Annual Travel Credit each year of your Cardmembership
Wireless Credit
Up to $120 in statement credits each year. Spend $10 each month with eligible wireless providers month and get a $10 credit.
Business Statement Credits
Up to $500 in business statement credits. Enroll and earn statement credits on eligible purchases with $200 Dell statement credit, $300 Indeed statement credit.
Complimentary Hotel Benefits
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.
Eligibility
Credit Score
GoodAnnual Income
N/A
*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
Our choice for: Best AIR MILES
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on BMO's website
Welcome Bonus
Up to $840 in value (8,000 AIR MILES bonus miles) in the first year[2]
Annual Fee
$149 $0
Interest Rates
20.99% / 23.99%
The BMO AIR MILES World Elite Business Mastercard is designed for established businesses already collecting AIR MILES who want to maximize their earning potential. With 4x miles at participating AIR MILES partners and a solid 8,000-mile welcome bonus, it's ideal for businesses with significant spending at partner locations like Shell, IGA, or Sobeys. The $149 annual fee (waived first year) is justified by comprehensive travel insurance, lounge access, and healthcare benefits, making it a strong choice for business owners who frequently travel and value the AIR MILES ecosystem over pure cashback returns.
Pros
- 4x AIR MILES at participating partners (Shell, grocery stores, etc.)
- 3,000 bonus miles when spending $5,000 in first 3 months
- First-year annual fee waived ($149 value)
- Comprehensive travel insurance ($5M medical coverage for 15 days)
- DragonPass lounge membership with discounted visits (US$32)
- 5 free virtual healthcare visits via Maple annually
- Shell fuel discounts up to 7¢/litre (premium fuel)
- Up to 22 additional employee cards
Cons
- High $149 annual fee after first year
- Low base earning rate (1 mile per $12 = ~0.83% return)
- Limited to AIR MILES ecosystem (less flexible than points)
- $50 annual fee per additional employee card
- Welcome bonus requires significant $5,000 spend in 3 months
- High interest rates (19.99% purchases, 22.99% cash advances)
- Travel medical coverage limited to 15 days and under age 65
Rewards
- Get 1 Mile for every $12 you spend1
- Get 4x the Miles when you use your card at participating AIR MILES partners1
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearTrip Interruption
$2,000Trip Cancellation
$1,500Common Carrier Travel Accident Insurance
$500,000Baggage Delay
$500Flight Delay
$500Hotel Burglary Insurance
$1,000Lost or Stolen Baggage
$500.svg)
Personal Effects
$1,000Car Rental Damage & Theft
Included
Car Rental Accident
$200,000Car Rental Personal Effects
$1,000
Benefits
Details
.svg)
Gas Discount
Get up to 7 cents off per litre on all your Shell®± fuel – just for being a BMO cardholder[7]Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass, enjoy lounge access for a fee of just US$32 per person, per visit.
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
*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. Check here for full details and current product information.
Our choice for: Best Business Rewards Card
APPLY NOW
on BMO's website
Welcome Bonus
Up to 100,000 bonus BMO Rewards Points ($669 value)[1]
Annual Fee
$149 $0
Interest Rates
18.99% / 23.99%
The BMO Ascend World Elite Business Mastercard is a premium business card that delivers strong value for companies with significant spending in gas, office supplies, and telecommunications. With 4x points (equivalent to 2.68% cashback) in key business categories and a generous welcome bonus worth up to $670, it's ideal for established businesses that can justify the $149 annual fee through heavy spending in bonus categories. The card combines solid earning rates with premium travel benefits like lounge access and comprehensive insurance coverage, making it a well-rounded option for business owners who travel frequently.
Pros
- Excellent 4x points on gas, office supplies, and phone/internet bills (up to $50,000 annually)
- Generous welcome bonus up to 100,000 points ($670 value)
- First-year annual fee waived ($149 value)
- DragonPass lounge membership with 2 free annual visits
- Comprehensive travel insurance (up to $5 million medical coverage)
- Shell fuel discounts up to 7¢/litre
- Up to 22 additional employee cards ($50 each)
Cons
- High $149 annual fee after first year
- Low 1.5x points (1.01% return) on non-category spending
- $50,000 annual cap on 4x earning categories
- High income requirement ($80,000 individual/$150,000 household)
- Points worth only 0.67¢ each (lower than competitors)
- $50 fee per additional cardholder
- Limited to three bonus categories
Rewards
- Get 4 points for every $1 you spend on gas, office supplies, cell phone and internet bill payments3,4
- Get 1.5 points for every $1 you spend on all other card purchases3,4
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearTrip Interruption
$2,000Trip Cancellation
$2,500Common Carrier Travel Accident Insurance
$500,000Baggage Delay
$500Flight Delay
$500Hotel Burglary Insurance
$1,000Lost or Stolen Baggage
$1,000Personal Effects
$1,000Car Rental Damage & Theft
IncludedCar Rental Accident
$200,000Car Rental Personal Effects
$1,000
Benefits
Details
Gas Discount
Get up to 7 cents off per litre on all your Shell®± fuel – just for being a BMO cardholder[9]Airport Lounge - Dragon Pass
complimentary membership to Mastercard Travel Pass provided by DragonPass, plus 2 free lounge passes a year.
Eligibility
Credit Score
FairAnnual Income
$80,000 personal or $150,000 household
*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. Check here for full details and current product information.
Our choice for: Best No-Fee Cashback
APPLY NOW
on BMO's website
Welcome Bonus
Up to 10% cash back and 0% introductory interest rate on balance transfers
Annual Fee
$0
Interest Rates
20.99% / 23.99%
The BMO Business Cashback Mastercard stands out as Canada's leading no-fee business cashback card, offering an exceptional 10% welcome bonus for three months and solid 1.5% cashback on key business categories like gas, office supplies, and telecommunications. It's perfect for small businesses that want straightforward rewards without annual fees, especially those with predictable spending in the bonus categories. While the 0.75% base rate isn't market-leading, the permanent fee-free structure and generous introductory offer make it an attractive entry-level option for cost-conscious businesses prioritizing simplicity over premium features.
Pros
- Permanent $0 annual fee - rare among major bank business cards
- Generous 10% welcome bonus for first three months (up to $150)
- Competitive 1.5% cashback on gas, office supplies, and telecommunications
- Enhanced 1.75% rate at Shell gas stations
- Integrates with QuickBooks and business accounting software
Cons
- Low 0.75% base rate on general purchases
- $1,000 monthly spending caps per bonus category limit earning potential
- Limited to three bonus categories compared to competitors
- Standard 2.5% foreign transaction fees
- Minimal travel benefits and insurance coverage
- High 21.99% interest rate on purchases
Rewards
- Earn 1.75% cash back on eligible gas purchases when you pay at the pump or shop in store at Shell®±4 (up to a maximum of $2,500 per account)
- Earn 1.5% cash back on eligible on gas, office supplies and cellphone and internet bill payments2 (up to $1,000 of spending in each category per statement cycle)
- Earn 0.75% cash back on all other card purchases5
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Gas Discount
Get up to 7 cents off per litre on all your Shell®± fuel – just for being a BMO cardholder[7]
Eligibility
Credit Score
FairAnnual Income
N/A
*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. Check here for full details and current product information.
Our choice for: Best Hotel
APPLY NOW
on American Express' website
Welcome Bonus
Earn 60,000 Marriott Bonvoy® points
Annual Fee
$150
Interest Rates
21.99%* / 21.99%*
The Marriott Bonvoy® Business American Express® Card offers strong rewards, especially for frequent travelers who stay at Marriott properties, with the ability to earn 5 points per $1 spent and a generous welcome bonus. Additionally, the annual free night certificate and automatic Silver Elite status add value for business owners. However, the $150 annual fee and the lower acceptance rate of American Express might be drawbacks for some users, particularly those who don't travel frequently or prefer more widely accepted cards.
Pros
- High Welcome Bonus: Earn up to 60,000 points, which can be highly valuable when redeemed for hotel stays or transferred to airline partners.
- Strong Rewards at Marriott Properties: Earn 5 points per $1 spent at Marriott properties, and 3 points per $1 on gas, dining, and travel.
- Annual Free Night Certificate: Receive a certificate worth 35,000 points annually.
- Automatic Silver Elite Status: Enjoy perks like late checkout and room upgrades at Marriott hotels.
Cons
- Lower Acceptance: As an American Express card, it has lower acceptance compared to Visa or Mastercard.
- Annual Fee: $150 annual fee, which may be a consideration if you don't use the card's benefits frequently.
Rewards
- 5x points per $1 on eligible purchases at participating Marriott Bonvoy hotels
- 3x points per $1 on eligible gas, dining and travel purchases
- 2x points per $1 on all other purchases (everyday business expenses and more)
Insurance
Coverage
Common Carrier Travel Accident Insurance
$500,000Flight Delay
$500Baggage Delay
$500Lost or Stolen Baggage
$500Hotel Burglary Insurance
$500Mobile Device Insurance
$1,000Car Rental Damage & Theft
YesExtended Warranty
1 yearPurchase Protection
90 days
Benefits
Details
Status lift
Earn Marriott Bonvoy Gold Elite status by spending $30,000 or staying 10 nights combined with 15 Elite Night Credits. Status retention depends on Marriott Bonvoy terms.Free Extra Night at Hotels
Each year, 8-10 weeks after your anniversary, receive a Free Night Award for a Marriott Bonvoy room up to 35,000 points, valid for 1 year. Resort fees excluded.
Eligibility
Credit Score
GoodAnnual Income
N/A
*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
From our Editors: The Full List of Best Business Credit Cards in Canada
Best Overall: Scotiabank Passport Visa Infinite Business Card
For starters, the top-ranked business credit card on this list is none other than the Scotiabank Passport Visa Infinite Business Card. This card earns you decent Scene+ points per dollar spent on business expenses. To top it all off, this card avoids foreign transaction fees. This is extremely beneficial for most businesses that have frequent USD transactions, saving them tons of money in the long run. Cardholders also receive perks like comprehensive coverage and Dragon Pass airport lounge access. In terms of travelling, this contender is also a Visa card, meaning it's much more accepted worldwide (as opposed to Amex).
Compared to premium competitors, the annual fee is reasonable. Note, however, that you'll need to meet some annual income requirements to qualify. Read more in our Scotiabank Passport Visa Infinite Business Card Review.
Best Runner-up: American Express Business Gold Rewards Card
The second best business card in Canada is the American Express Business Gold Rewards Card. For a similar annual fee, cardholders collect a flat rate of Amex Membership Rewards points on all purchases. The benefits are bit more limited, but still include valuable protections like mobile device insurance, hotel burglary insurance, and car rental damage and theft insurance. As for perks, expect an American Express Travel credit on bookings made through The Hotel Collection, priority travel advantages, and Amex Experiences (like the Front of the Line Program). Luckily, this card avoids annual income requirements, making it easier to qualify for. Find out more in our American Express Business Gold Rewards Card Review.
Best Aeroplan: American Express Aeroplan Business Reserve Card
Do you fly to your business trips via Air Canada? If so, consider the American Express Aeroplan Business Reserve Card. This business card earns you solid Aeroplan points per dollar spent on Air Canada purchases, hotel bookings, and rental car purchases. The strong travel coverage is accompanied by various perks, including free first checked bags, tons of status lifts, an annual companion voucher, and Maple Leaf Lounge access. Sure, this contender avoids annual income requirements, but the annual fee is quite steep. See more in our American Express Aeroplan Business Reserve Card Review.
Best Premium Perks: American Express Business Platinum Card
Want even more premium perks while you travel for work? Then apply for the American Express Business Platinum Card. This card earns you a decent flat rate of Amex Membership Rewards points on all purchases, plus comprehensive travel insurance. The real pull, however, is the perks. Expect benefits like unlimited airport lounge access through the American Express Global Lounge Collection, an annual travel credit, interest-free periods on your balance, business statement credits, and much more. To account for such luxury, note that this premium contender comes with one of the highest annual fees. Discover more in our American Express Business Platinum Card Review.
Best AIR MILES: BMO AIR MILES World Elite Business Mastercard
Looking to collect Air Miles on business expenses? Consider the BMO AIR MILES World Elite Mastercard. This card collects admirable Air Miles at participating AIR MILES partners, plus miles on all other eligible purchases. Alongside strong insurance coverage, like trip interruption and trip cancellation insurance, cardholders can expect perks like a Dragon Pass membership and discounts on Shell fuel. While the annual fee is waived for the first year, note that you'll need to meet some high annual income requirements to qualify. Learn more in our BMO AIR MILES World Elite Business Mastercard Review.
Best Business Rewards Card: BMO Ascend World Elite Business Mastercard
Apply for the BMO Ascend World Elite Business Mastercard if you want a business card that provides specialized business categories. In addition to points on gas, this card earns you points per dollar spent on office supplies, cell phone, and internet bill payments, all of which are common business expenses. The comprehensive coverage also includes unique protections like personal effects and car rental personal effects insurance. As for perks, you'll receive a gas discount at Shell stations, plus a couple of complimentary Dragon Pass airport lounge visits per year. While the annual income requirements are quite high, the annual fee is waived for the first year. Read more in our BMO Ascend World Elite Business Mastercard Review.
Best No-Fee Cashback: BMO Cashback Business Mastercard
Hoping to collect cashback for no annual fee? Check out the BMO Cashback Business Mastercard. This card also earns you decent rewards on gas, office supplies, cellphone, and internet bill payments. That said, the insurance is pretty basic, offering only purchase protection and extended warranty insurance. As for benefits, cardholders receive gas discounts on Shell fuel. Access the entire breakdown in our BMO Cashback Business Mastercard Review.
Best Hotel: Marriott Bonvoy Business American Express Card
For a business credit card that caters to Marriott hotels specifically, try the Marriott Bonvoy Business American Express Card. This contender earns you plenty of Amex Membership Rewards points on eligible purchases made at participating Marriott Bonvoy hotels, gas, dining, and travel. This impressive rewards program is paired with perks like a chance to earn Marriott Bonvoy Gold Elite status and free extra nights at Marriott hotels. Learn more in our Marriott Bonvoy Business American Express Card Review.
Pros and Cons of Business Credit Cards in Canada
To help you decide whether a business credit card is right for you, we've put together this list of pros and cons:
Pros | Cons |
|---|---|
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How to Maximize Business Credit Cards
To extract the most value out of your business credit card, you'll need to select a card that complements your spending habits. This means choosing a card that optimizes your patterned spending and provides relevant perks. For example, if you travel frequently for work, you may want a business credit card that offers perks like lounge access, no foreign transaction fees, or annual travel credits. You'll also want to take full advantage of all the added benefits to offset any annual cost.
To learn more about maximizing rewards in general, read our Strategic Card Switching: Maximizing Rewards for Canadians post. These tips apply to both traditional and business credit cards.
How to Apply for a Business Credit Card
To apply for any of the business credit cards above, simply tap the "Apply Now" button situated below your top pick. From there, you'll be redirected to the issuer's official website to kickstart the application process. Credit card applications typically ask for personal information (such as your address, email, and birthdate) and financial information (like your income, when applicable).
Frequently Asked Questions
Business credit cards provide a separate space for business transactions. Many business cards come with business-related perks as well as premium travel perks. Learn more here: How Does a Business Credit Card Work?
In short, it depends. Debt responsibility varies per business structure. Read more here: Who is responsible for business credit card debt?
The general function of both business and personal credit cards is the same, but credit card features tend to vary. Get the full breakdown here: Comparing Personal and Business Credit Cards.
A business credit card in a good idea for separating personal and business expenses, tax purposes, collecting business-oriented perks, supporting multiple users, and taking the liability away from employees. Find out more: When to Get a Business Credit Card in Canada.
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