Best Cash Back Business Credit Card In Canada For 2025
The best credit cards that earn you cash back on your business expenses.
If you’re looking for the best business card to earn cash back, check out the BMO Ascend World Elite Business Mastercard. You can try this card for free for the first year, which gives you a chance to explore its business and insurance tools.
However, the BMO card isn’t your only cash back business credit card option. We’ve analyzed every business credit card in Canada to provide you with unbiased recommendations to help you maximize cash back on your business purchases.
Looking to explore more than just your top cash back card options? Check out our best business credit cards overall for 2025.
Key Takeaways
- The BMO World Elite Business Mastercard allows you to choose cash back as just one rewards option that also includes BMO investments and travel.
- If you don’t want a Mastercard, the Scotia Momentum for Business Visa is your best option.
- The BMO CashBack Business Mastercard is a no fee cash back business card that offers enhanced earn rates for business purchases.
Best cash back business credit cards in Canada for 2025
Here's our summary of the best cash back business credit cards in Canada.
| Category | Credit Card | Welcome Bonus | Annual fee | Pros | Cons |
|---|---|---|---|---|---|
| Best cash back business credit card | BMO Ascend World Elite Business Mastercard | Up to 70,000 100,000 bonus points (terms) | $149 | * Redeem points for travel, cash, or investments * 13 types of insurance | * High income requirements of $80,000 personal or $150,000 household * Low value for points when redeemed for cash |
| Best cash back Visa credit card | Scotia Momentum for Business VISA card | None | $79 | * Balance transfer promo for six months * Extended grace period of 25 days | * Relatively high annual fee of $79 * Only includes four types of insurance |
| Best no annual fee cash back business credit card | BMO CashBack Business Mastercard | 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for the first 3 months (terms) | $0 | * 10% cash back on gas, office supplies, and recurring cell phone/internet bills for the first three months * Up to 1.75% cash back on purchases | * Low base earn rate of 0.75% * Only includes 2 types of insurance |
If all you’re looking for in a business cash back card is a high average earn rate, your best bet is the Scotia Momentum for Business VISA card.
1. Best cash back business credit card
Rewards:
- 4 points per $1 on gas, office supplies, and cell phone/internet bills
- 1.5 points per $1 spent on all other purchases
Our top pick for cash back business cards, the BMO Ascend World Elite Business Mastercard, isn’t strictly a cash back card - you have other redemption options (like getting BMO investments), but it does earn you valuable BMO Rewards points.
Business owners will love the extensive insurance package and impressively high earn rates. The card also comes with a hefty welcome bonus and the first year’s annual fee is waived. You’ll probably find that the perks and benefits that come with this card more than pay for the annual fee going forward.
Pros:
- Redeem points for travel, cash, or investments
- 13 types of insurance
- Mastercard Travel Pass membership and two free passes
- Up to 70,000 100,000 bonus points
- Access to Maple on-demand health care
Cons:
- High income requirements of $80,000 personal or $150,000 household
- Low value for points when redeemed for cash
2. Best cash back business Visa
Rewards:
- 3% cash back on gas, restaurants, office supplies, and recurring bills
- 1% cash back on all purchases
Although you won’t get Visa Infinite Benefits, the Scotia Momentum for Business VISA card gives you up to 3% cash back on popular business expenses: gas, office supplies, and recurring bills. Sure, there’s a modest annual fee, but you can use the Visa to transfer balances at a temporary low rate.
It’s a streamlined business card without many bells and whistles, but that makes it a simple card to use. And if you want to add employee cards, they’ll only cost you $29 each.
Pros:
- Up to 3% cash back
- Balance transfer promo for six months
- Extended grace period of 25 days
- Worldwide acceptance as a Visa
Cons:
- Relatively high annual fee of $79
- Only includes four types of insurance
3. Best no annual fee cash back business credit card
Rewards:
- 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
Just because you want a business card doesn’t mean you have to pay an annual fee. The BMO CashBack Business Mastercard is our favourite no annual fee credit card. You’ll still earn rewards at an increased rate and get 10% cash back on your first three months spent on specific categories.
In addition to the basic insurance package, you’ll enjoy an extended grace period of 25 days before interest is charged. Plus, you won’t be liable for purchases if an employee misuses the card.
Pros:
- 10% cash back on gas, office supplies, and recurring cell phone/internet bills for the first three months
- Up to 1.75% cash back on purchases
- No annual fee
- Save up to 7 cents per litre at Shell
Cons:
- Low base earn rate of 0.75%
- Only includes 2 types of insurance
Compare top cash back business cards by Genius Rating
Genius Rating is a data-driven ranking based on our expansive credit card database and algorithm. See how the top cash back credit cards for businesses stack up by Genius Rating, reward value, and more:
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 analyzed over 126 features in eight different categories. Then, we ran these features through our algorithm, which gave these cards a rating out of 5. Since we were looking for the best cash back business credit cards, which gave extra weight to the rewards. Our spending is based on a typical $2,000 monthly spend.
Learn more about our Genius Rating methodology
Pros and cons of cash back business credit cards
If you’re still on the fence about getting a cash back business credit card, consider these benefits and downsides:
- Easy to use rewards: Cash back credit cards are one of the simplest reward cards. You simply use the card and get money back that you can use for whatever you like.
- Easier expense tracking: Having dedicated business credit cards can make it easier to track purchases – especially if you’ve authorized employees to make purchases. Plus, you don’t have to worry about employee expense claims.
- Employee abuse protection: If your authorized employees make unauthorized purchases, you won’t be liable for the expenses.
- Rewards can be taxable: The money you get back from the card can be counted when you file income taxes. If so, the tax can eat into the rewards you earned.
- There aren’t many card options: In terms of pure cash back credit cards, there aren't many options. It's a big reason why you’ll find rewards cards with flexible redemption options on our list of the best cash back business credit cards.
Are cash back business credit cards worth it?
Cash back business credit cards are very useful for small businesses. Given that you typically shouldn’t use a personal credit card for your business expenses, having a dedicated business credit card makes dealing with and tracking your business’s finances much easier. Getting cash back on business purchases that you were already going to make is just another sweet bonus!
These credit cards are ideal for leaner startups where the main concern is earning back as much cash as possible. For businesses that necessitate a lot of employee or sales team traveling, travel rewards business credit cards will likely get you a higher return on your spending.
How to compare cash back business credit cards
Your business needs are unique, so the best cash back business card for you might be different than the best one for a neighbouring business. Here’s what to keep in mind when choosing a card:
- Eligibility requirements: Some cards require a specific amount of personal or household annual income, even though the card isn't for personal use.
- Annual fees and interest rates: Determine how much you’re willing to pay, if any, for a business credit card and learn about the card’s interest rates.
- Credit limit: A larger credit limit can help free up cash flow for your business.
- Rewards, benefits, and perks: Look for features your business needs beyond cash back, such as travel discounts and insurance coverage.
- Business management tools: Depending on the card, you might get access to programs like expense tracking tools.
How to qualify for a business credit card
To get a business credit card, you need to operate a registered business. When applying for a card, you'll have to provide business details like your company name, address, and income. You’ll also need to decide whether you’d like to authorize employees to have access to the business line of credit.
Note that some business credit cards have specific requirements, like minimum income or residency in a particular province.
FAQ
Can you get cash back on a business card?
Yes, our top pick for cash back business cards is the BMO Ascend World Elite Business Mastercard, which earns you up to 2% back for purchases. If you prefer BMO investments, you’ll get up to a 2.68% return rate on your purchases.
Is it hard to get a business credit card in Canada?
It’s not difficult to get a business card. Most cards require you to show proof of residency. You’ll also have to show proof that you’re the owner of a registered business, and you might need to provide proof of income.
Which bank has the best business credit card?
BMO offers two out of the three business credit cards on our list. You can also check out Scotiabank, National Bank, RBC, and CIBC – all of which have great business credit card options for you.
Do any business credit cards pay 5% cash back?
Unfortunately, no Canadian business credit cards offer a 5% earn rate. However, the BMO Ascend World Elite Business Mastercard gives you 4 points per $1 spent on gas, office supplies, and cell phone/internet bills.
Is there a downside to cash back credit cards?
Downsides to cash back credit cards include higher interest rates and higher annual fees for many of the top cards. Some cash back credit cards have limited redemption options or only pay out once a year.
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 227 Canadian credit cards.
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