Amex Platinum Business vs TD Business Cash Back Visa* Card

Both business cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

amex platinum business
Finly rebate
$175

Business Platinum Card® from American Express

4.6

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TD Business Cash Back Visa* Card

TD Business Cash Back Visa* Card

3.5

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Worked out on a typical small business spending $4,000 a month. Enter yours to see your own numbers.

$164

First-year value

$250

$164

Every year after

$250

TD Business Cash Back Visa* Card is worth $85 more to your business in year one.

It stays ahead after that, by $85 a year.

How the first year adds up

Rewards and the welcome bonus in, the annual fee, FX fees and employee cards out, at your spending.

$1,143.42Better of the two
in American Express Membership Rewards points a year

Annual rewards

$429.9
cash back a year
+ $0
not reached at this spending

Welcome bonus

+ $0
no welcome offer
− $799

Annual fee

Better of the two− $0
no annual fee
− $180
2.5% on $600/mo

FX fees

− $180
2.5% on $600/mo
$164.42

First-year value

Better of the two$249.9

Finly rebates are paid on top and aren't counted in these values.

Where each card earns

A year of your spending on each card, category by category, biggest spend first.

Amex Platinum Business earns more on 17 of your 17 categories.

$299.14Better of the two
at 1.25x

All Other Business Expenses

$12,600 a year

$63
at 0.5%
$146.15Better of the two
at 1.25x

US Dollar Purchases

$6,150 a year

$30.75
at 0.5%
$114Better of the two
at 1.25x

Recurring Bills & Subscriptions

$4,800 a year

$96
at 2%
$85.5Better of the two
at 1.25x

Gas & EV Charging

$3,600 a year

$72
at 2%
$85.5Better of the two
at 1.25x

Dining & Restaurants

$3,600 a year

$18
at 0.5%
$71.14Better of the two
at 1.25x

Office Supplies

$3,000 a year

$60
at 2%
$57Better of the two
at 1.25x

Phone, Internet & Cable

$2,400 a year

$12
at 0.5%
$42.64Better of the two
at 1.25x

Hotels

$1,800 a year

$9
at 0.5%
$42.64Better of the two
at 1.25x

Shipping & Courier

$1,800 a year

$9
at 0.5%
$42.64Better of the two
at 1.25x

Accounting & Bookkeeping

$1,800 a year

$9
at 0.5%
$29.18Better of the two
at 1.25x

Other Foreign Currencies (EUR, GBP, etc.)

$1,230 a year

$6.15
at 0.5%
$28.5Better of the two
at 1.25x

Electronics & Software

$1,200 a year

$6
at 0.5%
$28.5Better of the two
at 1.25x

Air Canada

$1,200 a year

$6
at 0.5%
$28.5Better of the two
at 1.25x

Transportation

$1,200 a year

$24
at 2%
$14.14Better of the two
at 1.25x

Other Airlines

$600 a year

$3
at 0.5%
$14.14Better of the two
at 1.25x

Car Rental

$600 a year

$3
at 0.5%
$14.14Better of the two
at 1.25x

Other Travel

$600 a year

$3
at 0.5%
$1,143.42Better of the two

Rewards in a year

$429.9

Welcome bonus

Each offer as the issuer words it, then which milestones your spending reaches.

Amex Platinum Business

  • 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

TD Business Cash Back Visa* Card

No welcome bonus right now.

Amex Platinum Business

Worth $0 at your spending

80,000 MR points when you spend $15,000 in the first 3 months

0 pts

40,000 MR points when you make a purchase in months 15-17 (card year 2)

40,000 pts

40,000 points when you make a purchase between 15 and 17 months of Cardmembership (card year 2)

40,000 pts

TD Business Cash Back Visa* Card

No welcome bonus to work towards right now.

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

$799

Annual fee

Better of the two$0
$250 per Platinum, $0 per Gold (max 99)

Employee cards

$0
2.5%

Foreign transaction fee

2.5%
American Express Membership Rewards

Rewards

Cash back
American Express

Network

Visa

Amex Platinum Business

Interest rates

Purchase:

21.99% - 30%1

Cash Advance:

21.99% - 30%1

1 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. 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 account is opened.

Recommended credit score

300
Poor
693
Fair
743⁎
Good
790⁎
Very Good
833⁎
Excellent
⁎Estimates based on TransUnion scoring

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

TD Business Cash Back Visa* Card

Interest rates

Purchase:

19.99%

Cash Advance:

22.99%

Recommended credit score

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Income required

Min Personal Income:

N/A

Min Household Income:

N/A

How each card earns

The earn rates and caps, as each issuer sets them.

Amex Platinum Business

  • 1.25x points per $1 spent on all purchases

TD Business Cash Back Visa* Card

  • Earn 2% in Cash Back Dollars on Gas, Electric Vehicle Charging and Public Transit Purchases2
  • Earn 2% in Cash Back Dollars on eligible Office Supply Purchases2
  • Earn 2% in Cash Back Dollars on recurring bill payments and Streaming, Digital Gaming & Media3
  • Earn 0.5% in Cash Back Dollars on all other Purchases made with your Card4

Insurance and perks

What both cards include comes first in each list.

Amex Platinum Business

Insurance

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • hourglass timer

    Baggage Delay

    $1,000
  • car insurance

    Car Rental Damage & Theft

    Yes
  • heart lock

    Common Carrier Travel Accident Insurance

    $500,000
  • mobile device insurance

    Mobile Device Insurance

    $1,500
  • burglar

    Hotel Burglary Insurance

    $1,000
  • travel accident medical

    Travel Medical Insurance (64 & under)

    15 days
  • cancel airplane

    Trip Cancellation

    $1,500
  • pause

    Trip Interruption

    $1,500
  • hourglass timer

    Flight Delay

    $1,000

Perks

  • concierge

    Concierge Services

    Personalized concierge at your service
  • discount

    Discount

    Your Business Platinum Card gets you savings on the seats you really want and lower fares on premium tickets with participating airlines
  • grwoth

    Interest on Balance

    Up to 55 interest-free days
  • Amex logo

    American Express® Experiences

    Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts, theatre shows, and special offers with American Express® Experiences
  • star fall

    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.
  • bed furniture

    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.
  • travel

    Travel Credit

    Access a $200 Annual Travel Credit each year of your Cardmembership
  • border guard

    Nexus Program Rebate

    Access a $100 credit for NEXUS with your Cardmembership
  • alcohol cheers

    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.
  • hotel

    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.
  • airport waiting room

    Priority Travel

    At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park
  • mobile phone wifi

    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 briefcase

    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.

TD Business Cash Back Visa* Card

Insurance

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

Perks

  • car rental

    Car Rental Discount

    Save with Avis Rent A Car and Budget Rent A Car. Use your TD Credit Card to save a minimum of 10% of the lowest available base rates(8,9) in Canada and the U.S., and a minimum of 5% of the lowest available base rates(8,9) internationally, on qualifying car rentals at participating Avis and Budget locations.
  • reward cup

    Extra points

    Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions apply.

Our take

Amex Platinum Business

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.

  • Optimize all purchases
  • Premium travel perks
  • Comprehensive insurance
  • Interest grace period
  • Business statement credits
  • High annual fee
  • Limited acceptance

TD Business Cash Back Visa* Card

No annual fee and 2% cash back on the categories most small businesses actually spend on — gas, office supplies, recurring bills, EV charging, and digital media. It’s one of the simplest business cards available: earn cash back, get a statement credit, done. The downside is clear: the 0.5% base rate on everything else is low, and each 2% category is capped at $15,000/year. For a small business with moderate, predictable spending, this is a genuinely good free card. For higher spenders, the caps will hold you back.

  • $0 annual fee
  • Simple cashback structure
  • Free additional cards
  • Low 0.5% base reward rate
  • No travel insurance coverage
  • $15,000 annual cap per 2% category
  • No welcome bonus

More business card comparisons

Each card against every other business card we review.

Legal


Amex Platinum Business

*Terms and conditions apply.


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. 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 account is opened.


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.

TD Business Cash Back Visa* Card

2 Earn 2% in Cash Back Dollars (“Gas and Electric Vehicle Charging Rebate”) for each $1.00 in “Gas and Electric Vehicle Charging Purchases” charged to your TD Business Cash Back Visa Card Account (“Account”), earn 2% in Cash Back Dollars (“Public Transit Rebate”) for each $1.00 in “Public Transit Purchases” and earn 2% in Cash Back Dollars (“Office Supply Rebate”) for each $1.00 in “Office Supply Purchases” charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, or Office Supply Purchases, as applicable. $15,000 Cap: Each of the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and the Office Supply Rebate is only available to a $15,000 maximum annual spend (“$15,000 Cap”). Once the $15,000 Cap has been reached for Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, or Office Supply Purchases, then any further Gas and Electric Vehicle Charging Purchases, Public Transit Purchases, and Office Supply Purchases made on the Account will earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out in your Cardholder Agreement (“Standard Rebate”). Applicability of Gas and Electric Vehicle Charging Rebate, Public Transit Rebate, and Office Supply Rebate: Each of the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and the Office Supply Rebate is in place of, and not in addition to, the Standard Rebate. Merchant Category Codes: To earn the Gas and Electric Vehicle Charging Rebate, the Public Transit Rebate, and/or Office Supply Rebate, the Gas and Electric Vehicle Charging Purchases and/or Office Supply Purchases must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them as Gas Service Stations, Automated Fuel Dispensers, Electric Vehicle Charging, Local and Suburban Commuter Passenger Transportation, including Ferries, or Office Supplies. Some merchants may sell gas or gas station services or products, offer electric vehicle charging, offer transit services, or sell office supply items, or have separate merchants located on their premises that also sell gas or gas station services or products, or electric vehicle charging, or transit services, or office supply items, but may not be classified with a gas, electric vehicle charging, public transit, or office supply MCC and such Purchases will not earn the Gas and Electric Vehicle Charging Rebate, Public Transit Rebate, or Office Supply Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.


3 Earn 2% in Cash Back Dollars (“PAP and Streaming, Digital Gaming & Media Rebate”) on each $1.00 in “PAP and Streaming, Digital Gaming & Media Purchases” and payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Business Cash Back Visa Card Account (“Account”) and that are classified through the Visa network as “Recurring Bill Payments” . You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Recurring Bill Payment. To earn the “PAP and Streaming, Digital Gaming & Media Rebate” when making a Purchase that is not a Recurring Bill Payment, the Purchase must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them as Digital Goods Media – Books, Movies, Music, Digital Goods – Games, Digital Goods – Applications, Digital Goods – Large Digital Goods Merchants, Cable, Satellite and Other Pay Television/Radio/Streaming Services. Some merchants might sell Streaming, Digital Gaming, and Media but are not classified under the Merchant Category Code, and Purchases made with these merchants will not earn the PAP and Streaming, Digital Gaming & Media Rebate. If you have questions about the MCC that applies to a purchase, contact TD at 1-800-983-8472. $15,000 Cap: The PAP and Streaming, Digital Gaming, and Media Rebate is only available to a $15,000 maximum annual spend (“$15,000 Cap”). Once the $15,000 Cap has been reached, then any further PAP and Streaming, Digital Gaming, and Media Purchases made on the Account will only earn Cash Back Dollars at the standard rebate of 0.5% that applies to all other Purchases on the Account as set out your Cardholder Agreement (“Standard Rebate”). Applicability of PAP, Streaming, Digital Gaming, and Media Rebate: The PAP and Streaming, Digital Gaming and Media Rebate is in place of, and not in addition to, the Standard Rebate. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.


4 Earn 0.5% in Cash Back Dollars (“Standard Rebate”) on each $1.00 for all other Purchases (“Other Purchases”) charged to your TD Business Cash Back Credit Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Purchase. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.


8 Provided by Avis Rent A Car System ULC. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometre/mile charges only. Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Avis Rent A Car System ULC.

9 Provided by Budget Rent A Car System, Inc. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometre/mile charges only. Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Budget Rent A Car System, Inc.