Best Business Credit Cards In Canada For October 2025
The best credit cards with perks and rewards for businesses.
The RBC Avion Visa Infinite Business is Canada’s best business credit card, offering a 25,000-point welcome bonus and valuable, versatile rewards. However, if you don’t meet the card’s steep income requirements, there are still a few other top-tier cards to consider.
The best business credit cards include features like complimentary hotel stays, business management tools, no fees for adding authorized users, and rewards that can be applied toward flights.
Here, you'll find detailed information about your best business card options, so you can feel confident choosing one that fits your unique business needs.
Key Takeaways
- The best business credit card is the RBC Avion Visa Infinite Business.
- Business credit cards offer a few extras that personal credit cards do not.
- Canada's major banks offer a variety of business credit cards with varying fees, rewards, and perks.
- Some business credit cards include business management tools like expense reports and accounting software.
Best business credit cards in Canada for October 2025
For all the best business cards in Canada, look no further.
| Category | Credit card | Annual fee | Current welcome offer |
|---|---|---|---|
| Best business credit card in Canada | RBC Avion Visa Infinite Business | $175 | 25,000 bonus points (terms) |
| Best business credit card for insurance and rewards | BMO Ascend World Elite Business Mastercard | $149 |  $100 GeniusCash + Up to 70,000 100,000 bonus points (terms) |
| Best business credit card for hotel stays | Marriott Bonvoy Business American Express Card | $150 | Up to 60,000 bonus points (terms) |
| Best rewards business credit card | The Business Platinum Card from American Express | $799 | Up to 120,000 bonus points (terms) |
| Best business credit card with no annual fee | BMO CashBack Business Mastercard | $0 | $100 GeniusCash + 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for the first 3 months (terms) |
| Best premium business credit card | American Express Aeroplan Business Reserve Card | $599 | Up to 90,000 bonus points (terms) |
| Best business credit card for low interest | CIBC bizline Visa Card for Small Business | $0 | None |
| Best business credit cards for AIR MILES points | BMO AIR MILES World Elite Business Mastercard | $149 | Up to 8,000 miles (terms) |
| Best cash back business credit card | Scotia Momentum for Business VISA card | $79 | None |
| Best business credit card with low foreign exchange fees | Loop Card | $0 | $100 GeniusCash + None |
1. Best business credit card in Canada
The RBC Avion Visa Infinite Business is the best premium business credit card in Canada. As a welcome bonus, you’ll get 25,000 points after your account is approved. For the first $75,000 you spend annually, the RBC Avion Visa Infinite Business gets you 1.25 points per $1, with a decent 1:1 point ratio after that.
The best part is that Avion Rewards are super valuable and versatile. Here are some of the point values for your different redemption options:
- Air Travel Redemption chart: 2.33 cents
- Transfer to select airline partners: 1.75 cents
- Transfer to WestJet: 1 cent
- Transfer to Hudson's Bay: 1 cent
- Redeem for any travel through RBC: 1 cent
If you maximize your potential value, this card could get you up to 3% return on your purchases.
Pros:
- Welcome bonus up to 25,000 points
- High point value of up to 2.33 cents each
- 12 types of insurance included
- Access to standard RBC benefits
- Savings at Petro-Canada and Rexall drugstores
Cons:
- High annual fee of $149
- High income requirements of $60,000 personal or $100,000 household
2. Best business credit card for insurance and rewards
×1 Award winner 
GC: $100
1x Award winner If insurance coverage is a priority for you, take a look at the BMO Ascend World Elite Business Mastercard. Besides 13 types of insurance coverage, you’ll also enjoy a great earn rate with up to a 2.68% return on your purchases:
- 4 points per $1 on gas, office supplies, and cell phone/internet bills
- 1.5 points per $1 spent on all other purchases
And when you’re travelling, you'll get a free Mastercard Airport Experiences membership along with two free lounge passes.
Pros:
- Mastercard Travel Pass membership with two free passes
- Up to 70,000 100,000 bonus points
- Up to 7 cents per litre off fuel at Shell
Cons:
- High income requirements of $80,000 personal or $150,000 household
- Annual fee of $149 per year (waived for the first year)
3. Best business credit card for hotel stays
If you want to earn free hotel nights, the Marriott Bonvoy Business American Express Card is the card for you. It starts with a valuable welcome bonus – up to 60,000 Marriott Bonvoy points after spending $5,00 in the first 3 months. And you'll continue earning points at the following rates:
- 5 points per $1 spent at Marriott properties
- 3 points per $1 spent on gas, dining, and travel
- 2 points per $1 spent on all other purchases
Every year on your card's anniversary, you'll get a free night certificate worth up to 35,000 points. Plus, your points are super flexible – you can use them to enjoy free hotel nights, transfer to over 40 airline partners, or book cars and flights directly through Marriott Bonvoy.
The 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.
Pros:
- Up to 5 points per $1 spent at Marriott properties, 3 points per $1 spent on gas, dining, and travel, 2 points per $1 spent on all other purchases
- Automatic Marriott Bonvoy Silver Elite status
- Chance to upgrade to Gold Elite status when you spend $30,000 per year
- 15 Elite night credits every year
Cons:
- Lower acceptance as an Amex
- Annual fee of $150
4. Best rewards business credit card in Canada
The The Business Platinum Card from American Express comes with a hefty annual fee but its rewards are well worth it. In addition to the welcome bonus of up to 120,000 points, you’ll get an annual $200 travel credit and earn up to 1.25 points per $1 spent on all purchases.
As part of the Amex Membership Rewards, you can redeem points for flights, hotels, gift cards, and more. The card also comes with travel perks like access to airline lounges around the world, elite hotel status, rental car discounts, and concierge service.
If you like to travel in comfort, this card has you covered.
Pros:
- Up to 120,000 welcome bonus points
- Four ways to redeem points for high value
- Up to 55 interest-free days
- Adjustable spending limit
- 12 types of insurance coverage
Cons:
- High annual fee of $799
- Lower acceptance as American Express
5. Best business credit card with no annual fee
×1 Award winner GC: $100
1x Award winner For no annual fees and cash back, the BMO CashBack Business Mastercard is an excellent business card. You’ll enjoy a high cash back earn rate on these business essentials:
- 1.75% cash back at Shell
- 1.5% cash back on gas, office supplies, and cellphone/internet bills
- 0.75% cash back on all other purchases
Plus you'll earn 10% cash back on gas, office supplies, and recurring cell phone/internet bills for the first 3 months and on the first $1,500 in spending on these categories.
Pros:
- 1.75% cash back at Shell, 1.5% cash back on gas, office supplies, and cellphone/internet bills, 0.75% cash back on all other purchases
- 10% cash back on gas, office supplies, and recurring cell phone/internet bills for the first 3 months
- No annual fee
Cons:
- Earns 0.75% cash back on non-category purchases
- Only 2 types of insurance
6. Best premium business credit card in Canada
If you're looking for the full VIP package, the American Express Aeroplan Business Reserve Card comes with high earn rates, a huge welcome bonus, and luxurious perks. These include a discounted annual Worldwide Companion Pass, unlimited access to Air Canada Maple Leaf Lounges, priority check-in on Air Canada flights, priority security at Toronto Pearson International Airport, and a $100 NEXUS credit every four years.
You'll get an astonishing 90,000 Aeroplan points (worth up to $1,800). Then, you’ll earn up to 3 points per dollar spent on purchases:
- 3 points per $1 spent on Air Canada
- 2 points per $1 spent on hotels and car rentals
- 1.25 points per $1 spent on all other purchases
And when it comes to perks, this business credit card doesn't disappoint. Here are just a few that you can look forward to:
- An annual Worldwide Companion Pass starting at $99 plus taxes and fees
- Unlimited access to Air Canada Maple Leaf Lounges in major airports across the world
- Priority check-in on Air Canada flights and priority security at Toronto Pearson International Airport
- A $100 NEXUS credit every 4 years
Put all that together and the $599 annual fee feels worthwhile.
Pros:
- Earns up to 3 Aeroplan points per $1 spent
- Up to 90,000 bonus Aeroplan points
- Plenty of Air Canada benefits, including lounge access and first free checked bags
- 11 types of insurance included
Cons:
- Lower acceptance as an Amex card
- High annual fee of $599
- Only high value rewards are for Air Canada flights
7. Best business credit card for low interest
If you want to save on interest with a business credit card, the CIBC bizline Visa Card for Small Business is a solid choice. It doesn't offer any special perks or rewards – but it can save you money if you're running a balance.
The interest rate on this card is tied to the prime rate and currently sits at 6.2%. While the rate will fluctuate as the prime rate changes, it will remain lower than the average 20% that you'll see in Canada.
Pros:
- Low interest rates of prime +1.5%
- No annual fee
Cons:
- No rewards on purchases
- Limited insurance coverage included
8. Best business credit card for AIR MILES points
If you want to collect Air Miles on your business purchases, you'll love the BMO AIR MILES World Elite Business Mastercard. It will earn you the most Air Miles of any business credit card at the following rates:
- 1 mile for every $12 spent
- 4x the miles at participating Air Miles partners
You'll get a flying start (see what we did there?) with the welcome bonus – up to 3000, 2000, 3000 Air Miles after spending $5,000 in the first 110 days, $18,000 in the first 6 months and $35,000 in the first year. This is easy for most small businesses to fulfill – especially if you're just getting started.
Consider that the card offers perks like a longer grace period (25 days more), protected employee cards, and 13 types of insurance, and you've got a big winner with big rewards.
Pros:
- Up to 3000, 2000, 3000 welcome bonus Air Miles
- Earns up to 4 Miles per $12 spent on purchases
- Includes 13 types of insurance
- First year free
Cons:
- Low rewards compared to other premium cards
- High income requirements of $80,000 personal or $150,000 household
9. Best cash back business credit card
We already listed a cash back card in this list, but here's another that may offer more rewards in the long run: the Scotia Momentum for Business VISA card. While this card’s welcome bonus isn’t as generous as the BMO cash back card, it does earn rewards at a steady rate:
- 3% cash back on gas, restaurants, office supplies, and recurring bills
- 1% cash back on all purchases
The mere fact that the regular earn rate is 1% compared to the BMO card's 0.75% is a good reason to consider it. Plus, the boosted earn rates are generally better and more versatile in Scotia's favour.
Pros
- 1% earn rate
- Extended grace period
- 4 types of insurance
- Balance transfer promo of 2.99% for the first 6 months
Cons
- Annual fee of $79
10. Best business credit card with low foreign exchange fees
If your business takes you abroad, save money on foreign exchange fees with the Loop Card. This Mastercard eliminates the FX fee for four popular currencies:
- Canadian dollars
- U.S. dollars
- Euros
- British pounds
If you pay your bills in the same currency as your purchases, you won't pay any fees – but if you pay in Canadian dollars, you'll incur a 0.5% fee.
You’ll also earn rewards – 1 point for every $1 spent on purchases – that you can redeem for gift cards at various retailers.
Pros:
- No foreign transaction fees on four popular currencies
- Grace period of 55 days on payments
- No annual fee
Cons:
- No insurance coverage included
Compare all business credit cards in Canada
×1 Award winner GC: $100 1x Award winner GC: $125
Awards are given out once a year but rating and rankings can shift throughout the year. The #1 card for 2025 is pinned to the top.
How we get our rankings
We analyze over 126 features of each credit card and break them down into seven main categories. Then, we run the information through our algorithm to calculate a score out of five – this is our Genius Rating. We use a monthly spending estimate of $2,000 to evenly compare the value of rewards between the cards.
Learn more about our Genius Rating methodology
How to compare business credit cards
Like personal credit cards, business cards can vary in terms of what they offer and who they’re best for. When comparing cards, take a moment to decide what you’re looking for in a business card and consider the following info.
- Eligibility requirements: The first and most important step is to review a card’s eligibility requirements – some cards have hefty income requirements. This is a quick and easy way to tell if a business credit card should be on your radar or not.
- Rewards and bonuses: Once you know you’re eligible for a card, look at its reward systems and any welcome bonuses they might be offering to see if they align with your business goals. If a card’s rewards system is mainly centred around travelling and your business doesn’t require taking trips, you may want to consider a more cash-centric card.
- Fees, Rates, and Limits: Other essential aspects of a credit card are its interest rates and annual fees. For a business that requires extensive international travel, you may also want to know if a credit card offers zero foreign exchange fees. Knowing what the starting credit limit of a card is can help inform your decision.
- Additional perks: Once a credit card checks all the main boxes your business is looking for, keep an eye out for additional perks, such as business expense tracking software or free additional cards.
Business credit cards, explained
Business credit cards aren’t much different than personal credit cards – but they do have a few features with businesses in mind, such as extended grace periods. The typical grace period on purchases before interest is charged is around 21 days, though some business cards offer up to 55 days before interest starts accruing on purchases.
Many business credit cards offer valuable insurance coverage and spending limits that readjust over time, so your card limit grows as your business does.
Most business cards are broken into two types based on the size of your business: small business or corporate business. We typically focus on small business credit card options.
Types of business credit cards
Most business cards are broken into two types based on the size of the business: small business credit cards or corporate credit cards.
For our purposes, we typically focus on small business credit card options. With these, liability for the card’s use falls on the business owner, so their personal credit score can be impacted.
Corporate business cards, on the other hand, don’t require the business owner to be liable for purchases. Since corporate credit cards are reserved for multi-million dollar businesses, we’re just covering small business credit cards.
Pros and cons of business credit cards
If you’re still undecided about whether you need a business credit card, consider the following pros and cons.
- Makes expense tracking easier. You'll get a dedicated card to track business expenses and payments, making accounting easier. Plus, many cards offer customized reports to help you manage expenses, too.
- Protections in case of employee abuse. If you need to give credit cards to employees, the card issuers cover you in case your employees make unauthorized purchases on the account (usually up to a certain amount per year).
- Not tied to your personal credit score. You may need to use your personal credit score to get approved for a card, but business credit card use won’t affect your credit score.
- Rewards aren’t as good as personal credit cards. While rewards can be lacking, business credit cards usually have an advantage over personal cards – and that's getting office supplies. Many business cards tend to have a special earning category for them.
- Limited selection of cards. Of the
229 cards that we track, only 13% are business cards and they’re only issued by the major credit card companies. Smaller issuers like Tangerine, MBNA, and Home Trust don't issue business cards, which means selection can be somewhat limited.
How to choose a business credit card
There are several factors to consider when choosing a business credit card. Here are some to keep in mind:
- Interest rates and annual fees: Make sure you earn enough rewards or use enough perks to make up for a card’s annual fee – and that the interest rate won’t be a problem.
- Eligibility requirements: Certain cards may have steeper eligibility requirements and an unproven business may not qualify for higher-end cards.
- Insurance: Different cards have different types of insurance built-in – get a card that suits your insurance needs.
- Rewards and perks: It’s always best to get a card that has perks you will use often, as well as a rewards program that you can earn a lot of points in without changing your spending much. Large welcome bonuses are also a big positive.
- Credit limit: Ensure your business card’s credit limit is a good match for your spending habits. Credit limits that naturally grow alongside your business are a huge plus.
- Foreign transaction fees: If your business involves a lot of travel, consider a credit card with no FX fees.
- Partnerships with merchants: If most of your spending is at a specific retailer, consider a credit card whose rewards program is partnered with them to maximize your returns.
How to maximize rewards for your business
While many business cards make it easy to earn rewards without thinking much about them, you can earn a lot if you put your mind to it:
- Tailor your rewards to your top spending categories to earn the largest return on your expenses
- Pay your suppliers by credit card whenever possible to earn rewards on that spending
- Add authorized users to boost annual spending and rack up points
- Research your redemption options to make sure you’re getting the best value – travel is often one of the highest-value rewards, while merchandise is often the least
Can you use a personal credit card for business expenses?
It is possible to use a personal credit card for business expenses. If you aren’t a sole proprietor, once you make purchases on the card, you can file an expense report or write an expense cheque to pay off the credit card via your business. Since every business is different, we recommend consulting with an accountant first.
That said, business credit cards can be a huge help for small businesses. Many business credit cards offer insurance coverage a personal credit card wouldn’t provide, as well as dynamic spending limits that can match the growth of your business. Even if your business isn’t registered or you’re a sole proprietor, you may be eligible for a small business credit card.
Plus, having a business-specific card makes tracking purchases and expenses much more convenient.
In short: if you have a business, it’s usually a good idea to get a business credit card.
FAQ
What is the best small business credit card in Canada?
We like the RBC Avion Visa Infinite Business for its flexible and valuable rewards. However, if you’re looking for a no fee card, the BMO CashBack Business Mastercard gets you 1.5% cash back on business essentials.
Which bank has the best business credit cards?
Of the best business credit cards on our list, three were issued by BMO, but the best card overall was issued by RBC. The best card for you depends on what you’re looking for from a business card.
Does Costco have a business credit card?
Yes, you can apply for a no fee CIBC Costco Business Mastercard that earns 3% back on Costco gas and restaurants, 2% back on Costcobusinesscentre.ca, Costco.ca, shipping, insurance services, other gas stations, and EV charging. Costco and other purchases earn 1% back.
What is the easiest business credit card to qualify for?
Generally, American Express credit cards are easier to qualify for since they don’t have income requirements. In addition to the Amex cards on our list, the BMO CashBack Business Mastercard is also easy to qualify for.
Does TD Bank have business credit cards?
Yes, TD Bank has four business credit cards, including the TD Aeroplan Visa Business and TD Business Travel Visa card, but we found that they couldn’t compete with the cards we featured on our list.
Editorial Disclaimer: The content here reflects the author's opinion alone. No bank, credit card issuer, rewards program, or other entity has reviewed, approved, or endorsed this content. For complete and updated product information please visit the product issuer's website. Our credit card scores and rankings are based on our Rating Methodology that takes into account 126+ features for each of 229 Canadian credit cards.
