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8 Best Business Credit Cards in Canada for March 2026
Published Mar 13, 2026 4:01 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
Scotia Momentum® for business Visa* Card: Best overall cashback
American Express® Aeroplan®* Business Reserve Card: Best Aeroplan
American Express Business Platinum Card®: Best Premium Perks
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 $0
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
5/5
The standout feature is simple: no foreign transaction fees. For any business that regularly pays suppliers abroad, books international travel, or has USD expenses, this saves 2.5% on every foreign purchase — savings that add up fast. On top of that, you earn a flat 1.5 Scene+ points per dollar on everything with no caps or categories. The $199 fee is higher than average, but you get six airport lounge visits per year, solid travel insurance, and a 40,000-point welcome bonus. If your business spending is mostly domestic and you don’t travel, the fee is hard to justify. But for internationally active businesses, this is one of the best options in Canada.
Awards & Recognition
Best Business Credit Card
2026
Pros
- No foreign transaction fees
- Strong rewards
- Generous welcome bonus
- Airport lounge access
- Comprehensive travel coverage
- Flexible redemptions
- First additional card free
- Visa Infinite benefits
Cons
- Higher annual fee
- Welcome bonus spending requirements
- High income requirement
- Additional card fees
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 (64 & under)
$2M/insured up to 25 daysTravel Medical Insurance (65 to 75)
$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
APPLY NOW
on American Express' website
Welcome Bonus
Earn a welcome bonus of up to 70,000 Membership Rewards® points in your first year
Annual Fee
$199
Interest Rates
21.99% - 29.99%* / N/A*
RECOMMENDED CREDIT SCORE
300Poor
693Fair
743⁎Good
790⁎Very Good
833⁎Excellent
4/5
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
- Travel perks
Cons
- Foreign transaction fees
- Limited travel insurance
- Lower acceptance
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 overall cashback
APPLY NOW
on Scotiabank's website
Welcome Bonus
2.99% introductory interest rate on balance transfers up to 6 months[1]
Annual Fee
$79
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
4.6/5
One of the strongest cashback cards for businesses that spend heavily on gas, dining, office supplies, and recurring payments — 3% back in those categories with a generous $50,000 annual cap. At just $79/year, it doesn’t take much spending to come out well ahead. The 1% base rate on everything else is decent too. There’s no traditional welcome bonus, which is a miss, but the promotional 2.99% balance transfer rate can be useful if you’re consolidating business debt. Skip this if you want travel perks or lounge access — it’s purely a cashback play, and a good one.
Pros
- Strong cashback
- High annual spending cap
- Reasonable annual fee
- Promotional balance transfer rate
- Interest-free grace period
- Low-fee employee cards
- Visa SavingsEdge discounts
- Extensive travel medical insurance
Cons
- Foreign transaction fees
- Limited travel perks
- Annual redemption
- Basic insurance
Rewards
- 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments2
- 2% Cash Back on Shipping and Accounting and Bookkeeping Services2
- 1% cash back on all other everyday purchases for your business2
- 25-day interest-free grace period on new purchases3
Insurance
Coverage
Extended Warranty
1 yearPurchase Protection
90 daysTravel Medical Insurance (64 & under)
Up to 8 daysTravel Medical Insurance (65 to 75)
Up to 3 daysCar Rental Damage & Theft
Yes
Eligibility
Credit Score
GoodAnnual Income
N/A
*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 Aeroplan
APPLY NOW
on American Express' website
Welcome Bonus
Earn up to 90,000 Aeroplan®* points
Annual Fee
$599
Interest Rates
21.99%* / 21.99%*
RECOMMENDED CREDIT SCORE
300Poor
693Fair
743⁎Good
790⁎Very Good
833⁎Excellent
4.7/5
The most aggressive Aeroplan earning card you can get for a business: 3x on Air Canada, 2x on hotels and car rentals, and 1.25x on everything else. The $599 annual fee is steep, but the perks are hard to match — unlimited Maple Leaf Lounge access, Priority Pass membership, free checked bags, and an Annual Worldwide Companion Pass that alone can be worth hundreds. If your business spends heavily on Air Canada flights and travel, this card can return serious value. But be honest about your travel volume — at this fee, light travelers will lose money. This is a card you need to actively use to justify.
Pros
- Premium earning rates
- Comprehensive coverage
- Unlimited airport lounge access
- Priority Pass membership
- Annual companion pass
- Free first checked bags
- NEXUS program rebate
- Priority travel perks
Cons
- High annual fee
- Benefit limitations and conditions
- Less valuable for non-travellers
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 (64 & under)
$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
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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
Complimentary upgrade to Avis® President's ClubStatus lift
Get 1,000 Status Qualifying Credits (SQC) for every $5,000 in eligible net purchases charged to your Card, up to 25,000 SQCStatus lift
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.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
APPLY NOW
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%*
RECOMMENDED CREDIT SCORE
300Poor
693Fair
743⁎Good
790⁎Very Good
833⁎Excellent
4.6/5
The most premium business card in Canada, and priced accordingly at $799/year. You get 1.25x Membership Rewards points on everything, a massive welcome bonus of up to 120,000 points, and a deep roster of perks: airport lounge access, hotel elite status, statement credits, and comprehensive insurance. The value proposition only works if you travel frequently and use the perks — the earn rate alone doesn’t justify the fee. But for businesses that fly often, entertain clients, and want best-in-class coverage, the benefits can far exceed the cost. Amex acceptance gaps in Canada remain a consideration.
Pros
- Optimize all purchases
- Premium travel perks
- Comprehensive insurance
- Interest grace period
- Business statement credits
Cons
- High annual fee
- Limited acceptance
Rewards
- 1.25x points per $1 spent on all purchases
Insurance
Coverage
Common Carrier Travel Accident Insurance
$500,000Travel Medical Insurance (64 & under)
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 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%
RECOMMENDED CREDIT SCORE
300Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
4.2/5
BMO’s strongest business points card, with 4x on gas, office supplies, and telecom — categories where most businesses naturally spend. That translates to roughly 2.7% return in those categories, which is competitive. The welcome bonus of up to 100,000 points (~$670 value) and first-year fee rebate make the first year especially strong. You also get airport lounge access and solid travel insurance. The weak spot is the 1.5x base rate on everything else and the annual spending caps on bonus categories. At $149/year, it works well for businesses that spend meaningfully on fuel, supplies, and phone/internet. Less compelling if your spending is spread across categories this card doesn’t bonus.
Pros
- Impressive optimization
- Generous welcome bonus
- First-year fee rebate
- Airport lounge access
- Comprehensive coverage
- Shell fuel discounts
- Additional employee cards
Cons
- High annual fee
- Low base earn rate
- Annual spending caps
- High income requirements
- Low point values
- Additional cardholder fees
- Limited 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
$1,000.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[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%
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
3.1/5
A genuinely good free card. You get 1.5% cash back on gas, office supplies, and telecom with no annual fee — that’s rare. The 10% introductory cash back for the first three months is unusually generous for a no-fee card, making it worth picking up even just for the welcome period. The 0.75% base rate on other purchases is modest, and there are annual caps on the bonus categories, but the math still works for most small businesses. If you want cashback without paying for it, this is one of the best options available. Just don’t expect travel perks or premium insurance — it’s purely about the cash back.
Pros
- No annual fee
- Generous welcome bonus
- Competitive cashback
- Business accounting software integration
Cons
- Low base earn rate
- Spending caps
- Limited bonus categories
- Foreign transaction fees
- Lacks travel benefits
- Lacks travel coverage
- High purchase interest rate
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
GoodAnnual 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 up to 110,000 bonus Marriott Bonvoy® points
Annual Fee
$150
Interest Rates
21.99%* / 21.99%*
RECOMMENDED CREDIT SCORE
300Poor
693Fair
743⁎Good
790⁎Very Good
833⁎Excellent
4/5
Built for businesses that book Marriott hotels regularly. You earn 5x Bonvoy points per dollar at Marriott properties, 3x on dining and gas, and 2x on everything else — the earn structure is strong across the board. The annual free night certificate (worth up to 35,000 points) can easily cover the $150 fee on its own, and Silver Elite status means room upgrades and late checkout. The 110,000-point welcome bonus is one of the highest among hotel cards. The main limitations: it’s an Amex, so acceptance can be spotty in Canada, and the points are most valuable within the Marriott ecosystem. If you don’t stay at Marriott properties, this card loses its edge.
Pros
- Generous welcome bonus
- High hotel optimization
- Annual free night certificate
- Automatic Silver Elite status
Cons
- Lower acceptance
- Annual fee
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 Overall cashback: Scotiabank Momentum for Business Visa Card
If your business prefers straightforward cashback instead of points, the Scotiabank Momentum for Business Visa Card is a strong contender. This card offers generous cashback on common business expenses, including recurring bills, gas, and office supplies—making it ideal for companies with predictable monthly spending.
Beyond rewards, cardholders receive helpful business-oriented perks such as supplementary cards for employees, purchase protection, and extended warranty coverage. While the annual fee is moderate, note that it increases with additional employee cards, so factor this into your overall cost. Unlike some premium travel cards, this option does not waive foreign transaction fees, making it better suited for businesses whose spending remains mostly within Canada. Learn more in our Scotiabank Momentum for Business Visa 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 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.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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Kevin Shahnazari
Credit Card Expert
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
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Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
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