Best business credit cards in Canada

Best business credit cards in Canada

Fact checked by Scott Birke

Updated Jun 4, 2025

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Top 3 business credit cards in Canada

Getting a business credit card can accelerate your earnings. Here's how to choose the best for you and your business and our list of our top 3 recommendations.

The best business credit card for you will come with perks your business will use, such as access to rental cars and airport lounges for regular travellers, cash back and reward points that align with your industry's major expense areas, or policies that allow your employees spending freedom while providing you with insurance coverage. Read on to learn more.

  • Why you can trust Money.ca's best business credit card in Canada list

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    Money.ca rates all credit cards on a numeric scale of 1 to 5 stars, with 1 being the lowest and 5 the highest rating, respectively. Money.ca’s proprietary scoring formulas break down the confusing language, complex points, rewards and earn rates to give you the real data that caters to your needs first, not ours. We analyzed 28 credit card programs, considered more than 135 features, reviewed over 200 cards and sifted through approximately 27,000 data points to identify the best options available.

    Our partnerships have no impact on our ratings, which are solely determined by the merits of each card. To learn more about how we researched and ranked these cards, read our full credit card review methodology.

🏆Gold: American Express® Business Gold Rewards

American Express® Business Gold Rewards Card

3.6

Welcome Bonus: Earn 100,000 bonus Membership Rewards® points*. Expires Aug 18, 2025

On American Express'Secure Site

The American Express® Business Gold Rewards Card wins as the best overall business credit card in Canada, thanks to its flexibility, rewards and premium business services in one powerful package:

  • Impressive welcome bonus:  The Gold Rewards Business Card comes with an impressive welcome offer that’s sure to turn heads:

    Earn up to 100,000 Membership Rewards® points with Amex’s best offer this year on this Card!

    • Earn 40,000 points after you spend $7,500 on your Card in your first 3 months of Cardmembership.

    • Earn an additional 40,000 points after you spend a total of $30,000 on your Card in the first 12 months of Cardmembership.

    • Plus, earn 20,000 points when you make a purchase between 15 and 17 months of Cardmembership.

    That’s $1,000 in statement credits that can be reinvested in your business.

    Offer ends August 18, 2025.

    *Current or former Cardmembers with this Card are not eligible. Other terms apply. 

  • Earn rates: 1 point per $1 spent
  • No preset spending limit: This gives your business the flexibility to make large purchases when needed without worrying about hitting a ceiling (note that this doesn't mean unlimited spending - your purchases are approved based on your payment history, credit record, and financial resources)
  • Up to 55 interest-free days on purchases: This interest free grace period provides your business with additional cash flow flexibility - a critical advantage for managing business expenses and timing payments strategically
  • Comprehensive business and travel insurance: A top insurance package that includes coverage for employees while traveling, purchase protection, and extended warranty coverage - keeping both your team comfortable and your business investments safe ($50 per employee card)
  • Amex world-class customer support with dedicated business services, giving you priority assistance when issues arise and access to business-specific perks and promotions

Real-world example: Here's an example of a 15-person contracting business that spends roughly $60,000 quarterly on building materials, equipment rentals, fuel, and subcontractor payments. Here's exactly how they're using the American Express® Business Gold Rewards Card to cut costs.

All told, in the last fiscal year, this company actual savings totaled $1,983:

  • Direct statement credits: $220
  • Points value redeemed: $1,043
  • Quarterly bonus points: $400
  • Administrative time savings: $320

Talk about savings! That means the company is earning 3.3% back on every dollar spent on their Gold Card.

Disclosures:

  • Contact American Express for the most up-to-date referral bonus figures.

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. 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.

🥈 Silver: Scotiabank Passport® Visa Infinite Business* Card

Scotiabank Passport® Visa Infinite Business* Card

3.8

Welcome Bonus: Earn up to $1,200* in value in the first 12 months, including up to 40,000 bonus Scene+ points†. Expires Oct 31, 2025

If you're looking for a brand new option with exceptional first-year value and no foreign transaction fees, this card deserves your attention.

  • Brand new card: New to our awards for 2025, the Passport Visa Infinite buisness card is designed specifically for Canadian businesses with international operations and travel needs
  • Impressive first-year value:  The card enjoys up to $1,400 in first year value. When you factor in the welcome bonus, annual fee rebate, and typical reward earnings, one of the highest values we've seen for a business card
  • Free first employee card: Enjoy one complimentary employee card ($50 each afterwards), making it economical to extend purchasing power to key team members
  • Scene+ points on all purchases: Earn 1.5x Scene+ points with no category restrictions or complicated earn rates - simplifying rewards tracking and maximizing returns on all business spending
  • No foreign transaction fees (FTX fees): This perk saves your business the typical 2.5% charge on international purchases - a significant advantage for businesses with suppliers, clients, or operations outside Canada
  • Complimentary airport lounge passes: Enjoy free lounge access with 6 complimentary passes  (primary cardholder only) through Visa Airport Companion Program, enhancing the travel experience for business owners

Disclosures:

  • Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite Business* Card to learn more.

    *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.

🥉 Bronze: TD Business Travel Visa* Card

Welcome Bonus: Earn a value of up to $1,122† in TD Rewards Points including first annual fee rebates†.

On TD'sSecure Site

Get this card if you...

  • travel frequently for business and want great travel perks
  • want comprehensive travel insurance to ensure peace of mind
  • value a great welcome offer

For businesses with significant travel and entertainment expenses, the TD Business Travel Visa* Card is another great choice as it offers exceptional category bonuses and management tools.

  • Huge welcome bonus value:  Earn a value of up to $1,122† in TD Rewards Points including first annual fee rebates†. This bonus provides substantial first-year value (up to $1,122† value) that can be redeemed for travel expenses or statement credits
  • First year annual fee rebate: Enjoy a first-year annual fee waiver, lowering the cost of entry for businesses to test-drive this premium card
  • Huge TD Points on travel bookings: Earn 9 TD Rewards Points for every $1 you spend using ExpediaForTD.com. That equates to impressive 4.5% return on travel expenditures
  • TD Points on dining, EV charging, transit, plus streaming and recurring bills: Earn 6 TD Rewards points for every $1 in foreign currency purchases and at restaurants and on recurring bills, offering enhanced rewards in key business spending categories - one of the highest category bonuses available on a business card
  • Business expense management tools: Comprehensive expense management and business tools including detailed reporting, categorization features, and receipt capture functionality to simplify tax preparation and financial tracking

Disclosures:

  • †Terms and conditions apply.

    This offer is not available to residents of Quebec.

    The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.

Best cash back business credit card

BMO CashBack® Business Mastercard®*

2.3

Welcome Bonus: Get 10% cash back on gas, office supplies and cellphone and internet bill payments for 3 months.† Plus, get a 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.† Expires Dec 13, 2025

On BMO'sSecure Site

The BMO CashBack® Business Mastercard®* is an excellent option for Canadian businesses looking to earn rewards on everyday business expenses without the burden of a high annual fee:

  • Straightforward cash back rewards: The card earns uncomplicated cash back that put money directly back into your business operations - no complicated point systems or redemption hurdles to navigate
  • Enhanced cash back on everyday business categories: Earn 1.5% cash back on gas, office supplies and cellphone and internet bill payments†, giving your company higher returns on the purchases you make most frequently
  • No annual fee: The BMO CashBack Business Card charges $0 annual fee, making it accessible for small to medium-sized businesses watching their overhead costs
  • Additional employee cards at no extra charge: Allowing you to extend purchasing power to key team members while centralizing all rewards and expenses
  • Comprehensive expense management tools: Excellent business tools through BMO's online banking platform, helping you track, categorize, and report on business spending for tax time and financial planning
  • Purchase protection and extended warranty coverage that safeguards your business investments and equipment purchases

Savvy business owners can use the BMO Business CashBack to boost rewards. We recommend prioritizing gas purchases and office supply orders on the BMO card to take advantage of the 3% cash back categories. Consolidating all software subscriptions to pay through this card is another effective strategy, which can help them earn an extra $810 annually with minimal effort.

Disclosures:

  • *Terms and conditions apply
  • 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.

Best business card with hotel rewards

Marriott Bonvoy® Business American Express®* Card

4.1

Welcome Bonus: Earn up to 130,000 Marriott Bonvoy® Points. Expires Aug 18, 2025

On American Express'Secure Site

The Marriott Bonvoy Business American Express* Card delivers exceptional value for Canadian businesses with frequent hotel stays through Marriott's extensive portfolio of properties:

  • Automatic Marriott Bonvoy Silver Elite Status: Enjoy elite status for the primary cardholder, unlocking benefits like late checkout, enhanced internet, and bonus points on stays, giving your business travelers a more comfortable and productive hotel experience
  • Path to Gold Elite Status: Reach even greater heights when you reach the annual spending threshold, elevating your business travel experience with room upgrades, welcome gifts, and enhanced points earning at Marriott properties
  • Annual Free Night Award: After your card anniversary, valid at hotels with a redemption level up to 35,000 points - essentially offsetting the annual fee with a free hotel stay for business travel
  • Accelerated earning at Marriott Bonvoy properties: Earn 5 Bonvoy points on eligible purchases at participating Marriott Bonvoy hotels, helping your business accumulate rewards faster when booking accommodations for employees or clients
  • Bonus points in business-relevant categories: Earn 3 Bonvoy points on eligible gas, dining and travel and 2 Bonvoy points on everything else
  • No foreign transaction fees: This perk saves your business the typical 2.5% charge on international purchases, particularly valuable when booking accommodations abroad
  • Purchase protection and extended warranty coverage that safeguards your business investments and equipment purchases

Let's look at an example of a Toronto-based marketing firm with 12 employees who conduct quarterly training sessions and client meetings across Canada. Here's how they leverage their Marriott Bonvoy Business American Express Card:

For their quarterly three-day team training, they book 6 rooms at a mid-tier hotel in Toronto:

  • Before the card: $229/night × 6 rooms × 3 nights = $4,122
  • With 7% room discount: $213/night × 6 rooms × 3 nights = $3,834

That's an immediate savings of $288 per training session ($1,152 annually)

Disclosures:

  • Contact American Express for the most up-to-date referral bonus figures.

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. 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.

Best business card with premium travel perks

American Express® Aeroplan®* Business Reserve Card

4.6

Welcome Bonus: Earn up to 140,000 Aeroplan®* points. Expires Aug 18, 2025

On American Express'Secure Site

If you're looking for a premium business travel card that delivers exceptional Air Canada benefits, you've found it:

  • Generous welcome bonus: Earn up to 140,000 Aeroplan®* points.. We estimate that this welcome bonus has a cash value of $3,700
  • Complimentary Maple Leaf Lounge access: for the primary cardholder and authorized users when traveling on Air Canada, creating a more productive and comfortable travel experience for your team
  • Status benefits: Enjoy Aeroplan perks including priority check-in, priority boarding, and free first checked bag on Air Canada flights, streamlining the airport experience for your business travelers
  • Accelerated path to Aeroplan Elite Status through eligible spend, helping your business travelers reach valuable status levels faster than through flying alone
  • Enhanced earn rates on Air Canada purchases and business-relevant categories: Earn 3 Aeroplan points on eligible Air Canada purchases, 2 Aeroplan points on eligible hotels and car rentals and 1.25 Aeroplan points on everything else
  • Comprehensive travel insurance package including trip cancellation/interruption, flight delay, baggage loss/delay, and emergency medical coverage - providing peace of mind and financial protection for your business travelers
  • Employee card misuse protection that offers an additional layer of security for businesses issuing multiple cards

Let's look at a real-world example of how the American Express® Aeroplan®* Business Reserve Card can save a company money by leveraging the card to create a premium travel experience while maximizing rewards.

Last quarter, the firm's travel expenses turned into a points goldmine:

  • $78,000 on Air Canada flights = 234,000 Aeroplan points (at 3 points per $1)
  • $42,000 on hotel bookings = 84,000 Aeroplan points (at 2 points per $1)
  • $27,000 on car rentals = 54,000 Aeroplan points (at 2 points per $1)
  • $35,000 on other business expenses = 43,750 Aeroplan points (at 1.25 points per $1)

Total points earned in one quarter: 415,750 Aeroplan points

This represents approximately $8,300 in travel value that can be reinvested into the business or used to upgrade employee travel experiences. 

Disclosures:

  • Contact American Express for the most up-to-date referral bonus figures.

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. 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.

Best business credit card for RBC

RBC® Business Cash Back Mastercard‡

2.6

Get this card if you...

  • Want a no-frills business credit card
  • Don't want to pay an annual fee
  • Looking to earn cash back on everyday business transactions

  • No annual fee: The RBC Cash Back Business Card charges no annual fee**, which** keeps your business overhead costs down while still earning rewards, making it an ideal choice for new businesses or those with modest credit card spending
  • Cash back on all eligible business purchases: Earn 1% cash back on purchases†. This earn rate turns everyday expenses into direct savings that you can reinvest back into your company's operations
  • Enhanced cash back welcome bonus: Earn 2% cash back on purchases† made on your card in the first three months.
  • Flexible redemption options: Allowing you to apply your cash back as a statement credit or deposit it directly into an RBC business account - giving you control over how you use your rewards
  • Free additional employee cards: Free employee cards help you manage and track team spending while centralizing all rewards under your business account
  • Purchase security and extended warranty protection, safeguarding your business equipment and investments against damage, loss, or theft
  • Zero liability protection against unauthorized transactions, providing peace of mind for business owners concerned about card security
  • Integration with RBC's comprehensive business banking ecosystem, giving cardholders access to one of Canada's Big Six banks with tools specifically designed for Canadian companies

Disclosures:

  • Refer to RBC page for up to date offer terms and conditions.

    This post contains affiliate links. Please read disclaimer for more info. 

    Disclaimer: Money.ca may engage in affiliate marketing, which is done by embedding tracking links into Money.ca. If you click on a link for an affiliate partnership, a cookie will be placed on your browser to track any sales for purposes of commissions. 

Changes to credit card fees for small businesses

Starting October 19, 2024, small businesses in Canada saw lower credit card fees. Those with up to $300,000 in annual Visa sales or $175,000 in Mastercard sales now benefit from a 0.95% average interchange rate for in-store purchases and a 0.1% cut in e-commerce fees—saving many businesses around 27%. The CFIB is pushing to make sure payment companies pass on these savings to merchants.

Business credit cards vs. personal credit cards: How they differ

Feature
Business credit cards
Personal credit cards
Primary use
Finance business expenses and separate from personal spending
Finance personal expenses and everyday purchases
Rewards 
Enhanced rewards on business categories (office supplies, shipping, advertising)
Enhanced rewards on personal categories (groceries, gas, entertainment)
Expense management
Advanced tools for tracking, categorizing, and exporting expenses
Basic tracking tools focused on personal finance
Additional cards
Often offers multiple employee cards with spending controls
Limited authorized user cards for family members
Annual fees
May be higher but are tax-deductible as business expenses
Varies widely, not tax-deductible

Types of business credit cards

Canadian businesses can choose from several types of business credit cards based on their unique needs. These include:

  1. 1 No annual fee: Offers a great entry-point for companies new to business credit
  2. 2 Cash back: Earn rebates on everyday business expenses; great for businesses that spend in categories like dining, office supplies and other everyday purchases
  3. 3 Travel: Ideal for companies with frequent business travel as they may provide enhanced insurance, airport lounge access and more
  4. 4 Charge: Also known as a pay in full card, charge cards feature no preset spending limit but require full payment monthly

Business credit card pros and cons

Pros
  • Cash flow management: Business credit cards provide revolving credit, giving you purchasing power and allowing you to extend that purchasing power to your employees.
  • Business/personal differentiation: Keeping business expenses in one account conveniently separates them from personal expenses, which makes budgeting, bookkeeping, and tax prep less of a headache.
  • Setting limits: You may be able to establish maximum credit limits for your cards, either for the entire account as a whole or on individual cards.
  • Earning back: Accumulate rewards points or cash back for high volume expense categories, like office supplies, gas, or air travel.
  • Other goodies: Take advantage of business-friendly features, like car rental insurance or airport lounge access.
Cons
  • Greater expense: Interest rates may be higher than other forms of business financing for large purchases (like a line of credit or a business loan), and there are relatively few business cards with no or low annual fee.
  • Credit checks: Your personal credit score may be a factor in whether or not your application is accepted.
  • Limited selection: There are less business cards in the market than personal credit cards, and it may be difficult to find a business credit card with cash back or rewards categories that exactly match your business’s biggest spending categories.
  • Longer setup: Application process may be slightly more involved and document-heavy than applying for a personal credit card.

Who can apply for a business card in Canada?

Wondering if you qualify for a business credit card in Canada? The good news is that eligibility is much wider than many may realize. Here's our breakdown of who can apply for a business credit card in Canada:

  • Sole proprietors and freelancers: If you're running a side hustle, freelancing, or operating as a one-person business, you can absolutely apply for a business credit card
  • Non-profits: Registered charities, associations, and non-profit organizations can qualify for business credit cards to manage their operational expenses
  • New companies: Just starting out? Many Canadian issuers offer business credit cards for startups and new ventures, though it might require your personal credit to apply
  • Corporations: Corporations, partnerships, and formally registered businesses are what most peple think of when they imagine a business credit card

Many Canadians don't realize they qualify for business credit cards when operating even small side businesses or freelance operations. Getting a dedicated business card can be an excellent way to separate your business and personal finances – something the CRA appreciates come tax time.

Should I apply for a business credit card in Canada?

W3hile not essential for everyone, it's recommended that most Canadian small business have at least one business credit card in their financial toolkit. The right card doesn't just help with emergency expenses—it actively improves your bottom line through cash-back rewards, travel perks, and flexible payment terms tailored to business cash flow.

Don't settle for whatever your bank offers. Take the time to find a card that aligns with your specific industry needs. Your business deserves better than unnecessary annual fees or generic benefits that don't match your spending patterns.

The best business credit cards in Canada are purpose-built money-saving machines that turn everyday expenses into rewards while helping you track spending and separate personal from business finances. If you're serious about optimizing your business finances, a strategically chosen credit card isn't just helpful—it's essential.

Business credit card FAQs

  • Can I use a personal credit card for business expenses?

    +

    Technically, yes, you can use a personal credit card for business expenses. That said, using the same credit card to pay for both personal and business expenses can lead to major bookkeeping and tax prep headaches. If you do elect to use a ‘personal’ credit card for your business it’s recommended that you at least dedicate that card specifically to your business expenses, while maintaining a separate credit card for your personal expenses.

  • What credit score is needed for a business credit card in Canada?

    +

    Applicants for a business credit card will typically need at least an average credit score (around 660+) to be approved; higher scores open a wider range of available business cards and increase your chances of approval.

  • How do I get my first business credit card?

    +

    Start by checking your personal credit score to determine which business credit cards you’ll qualify for. Then review the features of the cards listed on this page and consider which are most rewarding for your business’s spending patterns and needs. After deciding which card is most suitable, click the ‘Apply Now’ button and fill out some basic info about yourself and your business to complete the application process.

  • What is the easiest business credit card to be approved for?

    +

    Generally speaking, business credit cards with a low annual fee (or no annual fee) and a more modest credit score requirement will be easier to be approved for than cards with a higher annual fee and a higher credit score requirement. BMO, for example, offers business credit cards that are more accessible than the business cards offered by most other issuers.

  • Will a business credit card affect my personal credit score?

    +

    In Canada, most business credit cards report to both personal and business credit bureaus unless they're corporate cards. This means your business card activity typically impacts your personal credit score, so maintaining good payment habits is essential.

  • How many employee cards can I get?

    +

    This varies by card issuer. Some business credit cards offer unlimited employee cards, while others may set specific limits or charge for additional cards beyond a certain number.

  • Are business credit card rewards taxable in Canada?

    +

    The Canada Revenue Agency (CRA) generally doesn't consider credit card rewards as taxable income when earned through business spending. However, consulting with a tax professional is recommended, as rules may change.

Nathan Siegel has a professional and educational passion for finance, and is a long-time writer for GreedyRates. He follows trends in the Canadian banking sector, compares competing products, and pours over fine print to make personal finance choices easier for Canadian consumers. In his spare time he loves running, swimming, and dogs of all kinds.

Cory Santos Credit card editor

Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, BlogTO, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk. He's also the creator and author of the annual Money.ca Credit Card Awards.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.