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2024's Best Business Credit Cards for Canadians

Find a business credit card that fits your business needs.

Select your priority

Select your rewards preference

Select your annual fees

Today's best business credit card offers Jul 16, 2024

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$651
- Annual fee
$599
Total first year value
$52
American Express® Aeroplan®* Business Reserve Card

card image
Welcome bonus
$0
Aeroplan Points
Annual rewards
$651
Aeroplan Points
Annual fees:
$599
Interest rates:
21.99% on purchases • 21.99% on cash advances
An excellent rewards program lets you redeem on all things travel!
Includes a suite of management tools to help control your business.
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$651
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$651
- Annual fee
$599
Total first year value
$52
Annual fees:
$599
Interest rates:
21.99% on purchases
21.99 on cash advances
An excellent rewards program lets you redeem on all things travel!
Includes a suite of management tools to help control your business.
Details at a glance Collapse details
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Written By Lubna Umar

Updated

What is a business credit card?

A business credit is similar to a personal credit card, with the added perk of allowing you to easily pay for any type of business expense, big or small. When you use a business credit card, you can easily track your business expenditure for accounting and bookkeeping needs. Most importantly, running a business can involve several unexpected costs that a business credit card can help you smartly tackle, such as immediate office repairs or surprise business trips. Start comparing the best Canadian business credit cards today.

3 benefits of using a business credit card

Business credit cards are great for small to large businesses because they give both business owners and employees several advantages when it comes to paying for day-to-day company expenses.

Here are the 3 main benefits of using business credit cards:

  1. Track every expense: Managing a business involves tracking each expense and recording it for bookkeeping. Using a business credit card allows you to streamline your expenses and monitor them properly, ensuring that you are spending within your assigned budget.
  2. Protections in case of misuse: You can issue business credit cards for your employees and also not have to worry about any unauthorized use. Most credit card companies cover you in case any of your employees make unauthorized purchases on the account (usually up to a certain amount per year).
  3. Not tied to personal credit scores: Unlike personal credit cards, business credit cards are not tied to personal credit. A business credit card will be tied to your business, meaning it won’t affect your credit score if you miss any payments.

Frequently asked questions about business credit cards

Here’s everything you need to know about getting a business credit card.

How can I be eligible for a business credit card?

If you have a business or you’re a sole proprietor, you are eligible for a business credit card.

To apply for a business credit card you must have the following documents:

  • Article of incorporation
  • Business license
  • Partnership agreement (if applicable)
  • Tax assessments and/or financial statements

Please note, if you’re a sole proprietor who operates a business under your own name and are not incorporated, you can still qualify for certain business credit cards. Compare the best Canadian business credit cards today.

What are the advantages of using a business credit card?

Business credit cards allow you to manage your business expenses in an efficient way, whether they are minor or major expenses. Most business credit cards typically have a higher credit limit than personal credit cards, making it easier for you to manage your unexpected costs.

Many credit card companies offer great rewards for businesses. For example, if you travel a lot for work, you can choose a business credit card that allows you to earn great travel rewards such as Air Miles.

RATESDOTCA may receive compensation when you click on links to those products or services. however, our content and calculations are objective and free from bias. The opinions expressed are purely those of RATESDOTCA; thus, partners are not responsible for any editorials or reviews that may appear. For current term and conditions on any advertiser or partner’s product, please visit their website.

Lubna Umar

Lubna Umar is an SEO Content Manager at RATESDOTCA. She has produced a wide variety of content, including academic essays, pieces of fiction and financial literacy guides. In her free time, she can be found exploring the café culture in Toronto or any other major city.

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