Best Small Business Credit Card in Canada for 2019

If you're a small business owner, you know that every little bit helps, especially if your work is rather seasonal. When you're in between busy periods, extra savings definitely come in handy and often makes a big difference.

This is why you should consider getting a business credit card. Get some great rewards for making purchases for your business, increase your savings, and get that little bit of extra wiggle room you've been craving for your business.

Or, depending on the card you decide to go with, reward yourself for all your hard work with what you earned. The choice is yours.

There's also some great features that only come with a business card, such as:

  • protection against employee card abuse,
  • access to business and expense management tools, and
  • extended payment options.

There are plenty of great small business cards out there, and here are some of our favourites.

Compare Small Business Credit Cards

Best small business card

Looking for the best overall small business card? The is a top contender.

Why this card? It has a great combination of rewards, sign up bonus, and insurance.

Earn 1 AIR MILE for every $10 you spend, plus get 25% more AIR MILES at Shell locations. These are among the best earn rates for any AIR MILES Card.

As part of signing up, you'll get 3,000 AIR MILES after making your first purchase. Plus, get a one-time use companion flight rebate. When you book a flight for 2 using your own miles, this will let you get a rebate on the miles used for one of the tickets. There's no limit to the size of the rebate, as long as you have enough miles to cover the cost of both tickets.

To top it off, the card comes with 12 different types of travel and purchase insurance, including rare personal effects insurance

Add it all up, and you get one of the best small business cards available. All for an annual fee of $120, which is waived for the first year.

Best small business card for travel

If getting travel rewards for your purchases is what you want, the is the card for you to consider.

It starts with a great welcome bonus – up to 50,000 points when you spend $1,500 in the first 3 months. This is enough points to get 2 free nights at a category 4 hotel at Starwood and Marriott properties.

And piling up points doesn't end with the welcome bonus – keep earning points with these great earn rates:

  • 5 points per $1 spent at Marriott and Starwood properties,
  • 3 points per $1 spent on gas, restaurants and other travel purchases, and
  • 2 points per dollar everywhere else.

It doesn't end there. With this card comes great SPG and Marriott Rewards perks as well:

  • Automatic Silver Elite Status,
  • a free night voucher for up to a category 5 hotel awarded every card anniversary, and
  • upgrade to Gold Elite status when you spend $30,000 per year.

These perks are really what makes this card stand out over other business travel cards. Use the free nights and points to lower your business costs, or treat yourself to a little getaway paid for by your business spending.

Either way, this is a great card to carry. All for an annual fee of $150.

Best small business cash back card

If cash rewards are more your thing, then the offers cash back on a variety of basic purchases:

  • 3% on gas, restaurants, office supplies, and recurring bill payments, and
  • 1% on all other purchases.

That's 4 different 3% earn rate categories that cover a lot of basic business expenses you may run into.

Plus, as part of signing up, get 10% cash back on all of your purchases you make on the first $2,000 in spend (must be made in the first 3 months).

For an annual fee of $49, this card provides a great way to cash back on your business purchases.

Best small business cards for total rewards

If you're simply looking for the best rewards you can get, you can't go wrong with the .

While the rewards can only be used towards the purchase or lease of a new GM Vehicle, they accumulate quickly:

  • 5% in GM earnings on the first $10,000 in spend, and
  • 2% after 10,000 in spend.

The rewards add up quick with this card. If you need a new company vehicle for your business, this can be a great way to put a dent in your costs.

This card comes with an annual fee of $79.

Best no fee small business card

Prefer not to pay an annual fee? Then we recommend the .

For no annual fee, it offers some great earn rates on business essentials:

  • 1.75% at Shell stations,
  • 1.5% at other gas stations, office supplies and recurring cell and internet bills, and
  • 0.75% on everything else.

No annual fee and earn rates for several categories above 1.5% = a great no fee card for your business.

Best small business cards in Canada

Here's a recap with the 5 best small business credit cards in Canada. We included a stand-out feature of each card and the average return on spending you can expect to receive on your gas spending.

Credit CardAverage Earn RateNotable FeatureApply for Card
Scotiabank GM Business Visa 3.25%Best total rewards business cardApply Now
CIBC Aventura Visa Card for Business 2.4%Best flexible rewards business cardApply Now
BMO CashBack Business Mastercard0.82%Best no fee business cardApply Now
BMO AIR MILES Business Mastercard1.72% Best overall business cardApply Now
CIBC Aerogold Visa Card for Business2.68%Best Aeroplan business cardApply Now

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

Featured In

The Globe and Mail
thestar.com
Huddle.today
Morningstar