Best business credit card in Canada for 2020 award seal

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 from a business credit card definitely come in handy and often can make a big difference.

Get some great rewards for making purchases, 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.

Best business credit cards in Canada for 2020

At a glance – for all the best business cards for 2020, look no further.

CategoryCredit CardCurrent Welcome Bonus Offer
Best business credit card in CanadaAmerican Express Business Edge™ CardUp to 42,000 points (terms)
Best travel business card for free hotel staysMarriott Bonvoy™ Business American Express Card50,000 points (terms)
Best business card for collecting AIR MILESBMO® AIR MILES®† Business® Mastercard®*3,000 miles (terms)
Best no annual fee business credit cardBMO CashBack® Business Mastercard®*Up to 6% cash back (terms)

Review all 10 top business credit cards here.

Best business credit card in Canada

For purchasing basic business essentials like office supplies, or paying for phone bills and gas, the is a card to take a closer look at.

Why this one? You'll earn points at high rates on these items:

  • 3 points per $1 on office supplies, electronics, gas, rides, and restaurants, and
  • 1 point per $1 on all other purchases.

On top of these earn rates is a great welcome bonus. Earn 30,000 bonus points after spending $5,000 in the first 3 months. And, every month you spend $3,000 in the first year, you'll earn an additional 1,000 bonus points, up to 12,000 points earned.

All while collecting points in the Amex Membership Rewards program, one of the most flexible rewards programs available. You'll be able to use your points for a wide range of redemption options, some of which include:

  • Fixed Points Travel program, point value of 1.75 cents,
  • transfer to Marriott Bonvoy, point value of 1.16 cents,
  • redeem for any travel booking, point value of 1 cent, and
  • statement credits, point value of 0.7 cents.

Just note that transfer to airline partners isn't allowed with the points collected with this card.

It's a great, flexible rewards card for purchasing business essentials, and why it's our top ranked business credit card.

Best business credit card for hotel stays

Find yourself frequently staying at hotels? The can help cover these costs.

It starts with a great welcome bonus – up to 50,000 Marriott Bonvoy points when you spend $1,500 in the first 3 months.

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

And it doesn't end there. With this card comes great Marriott perks as well:

  • automatic Silver Elite Status,
  • a free night voucher for a hotel stay worth up to 35,000 points,
  • upgrade to Gold Elite status when you spend $30,000 per year, and
  • 15 Elite Night Credits each calendar year that can be used towards attaining the next level of Elite status.

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.

And with super flexible points that can be used for free hotel nights, transfer to over 40 airline partners, or book cars and flights directly through Marriott Bonvoy, there's a great way to use your points.

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

Best business card for earning AIR MILES

Want to turn your business rewards into AIR MILES? The is our top rated AIR MILES business card.

With this card, you'll earn 1 AIR MILE for every $10 you spend, which gets increased to 1.25 miles per $10 spent at Shell.

It also has one of the best AIR MILES sign-up bonuses around. You can earn 3,000 bonus miles after making your first purchase. These 3,000 miles are worth $516 when redeemed for flights. Or if you prefer to collect cash miles, that's an easy $315 you can save in-store.

It's also got 13 types of insurance coverage in case you want some extra peace of mind while travelling.

It's all for an annual fee of $120, and that's currently waived for the first year.

Best no annual fee business credit card

Want to earn business rewards with no annual fee? Our choice is the .

While no business credit cards without annual fees made the top 10, this card is our top no fee choice because of its great cash back earn rates on your business essentials:

  • 1.75% cash back at Shell stations,
  • 1.5% cash back at other gas stations, office supplies, and recurring phone and internet payments, and
  • 0.75% cash back on all other purchases.

Plus, in the first 4 months you'll earn 6% cash back on gas stations, office supplies, and recurring phone and internet bills, on the first $2,085 in spending on these categories.

For no fees and cash back, it's a great package for your business expenses.

Compare Business Credit Cards

Why get a small business credit card?

So why get a small business credit card? You can simply use personal credit cards for small business expenses, as long as you keep your personal and business finances separated.

But small business credit cards do offer a few advantages. If you need to issue a credit card to employees, most of them protect you from unauthorized charges made to the account.

Expense tracking is also much easier. You'll have a dedicated place to keep track of your expenses, and many of them also provide expense management reports.

Finally, since the credit card is tied to your business, it won't appear on your credit report or have an impact on your credit score.

How we get our rankings

How do we decide what the best business credit cards are? We take into account over 126 features of each card, broken down into 7 main categories:

Business page genius rating scoring

We then take those features and put them through our algorithm, which calculates a score out of 5. And since we're talking about business credit cards, we give extra weight to the rewards category, as it's the primary feature we're after for cards on this page.

Learn more about our Genius Rating methodology.

Best business credit cards FAQ

What is the best overall business credit card?

Our best overall business credit card is the Amex Business Edge. With this card, you'll earn plenty of flexible travel rewards that can also be transferred to 2 different hotel programs, or used for cash, gift cards, merchandise, and shopping at Amazon. And, it's for a reasonable annual fee of $99.

Can I use a personal credit card for business expenses?

Yes, you can use personal credit cards to pay for business expenses. Just make sure to keep your business expenses separated from your personal finances.

What are some benefits to having a business credit card?

There are a few benefits to having a business credit card over a personal credit card. Here are a few features that business credit cards have to offer:

  • easier expense tracking,
  • security from employee abuse,
  • expense management report, and
  • they won't dip into your personal credit limits.

How can I find the right business credit card for me?

Our creditcardGenius compare cards page is a great tool to help you find the best business credit card for you. Simply configure the sliders to what you would like in a credit card, adjust your monthly spending, and under more options, simply check that you're looking for business cards. You'll get a custom list of business credit cards, and your own Genius Rating for each of them.

Featured In:

The Globe and Mail
Financial Post
Yahoo Finance