2025's Best Business Credit Cards for Canadians
Find a business credit card that fits your business needs.
CashSurge
CashSurge increases the value of credit cards by introducing an additional cash bonus. We'll pay you up to $150 every time you are approved for a CashSurge credit card.
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:
- 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.
- 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).
- 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.
Business credit cards FAQ
More of what you need to know about using a business credit card.
How do I become 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.
Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated brand’s website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, January 31, 2025. Read our full disclaimer.
Best credit cards in other categories
- All the Best Credit Cards in Canada
- Best No-Fee Cash Back Credit Card
- Best No-Fee Travel Credit Card
- Best Overall Travel Credit Card
- Best Overall Cash Back Credit Card
- Best Low Interest Credit Card
- Best Balance Transfer Credit Card
- Best Secured Credit Card for Building Credit
- Best Credit Card for Young Professionals
- Best Student Credit Card
- Best Credit Card for Earning Travel Points
- Best Credit Card With No Foreign Transaction Fees
- Best Family Credit Card for Gas and Groceries
- Best Credit Card for Staying at Home and Ordering In
- Best No-Frills Cash Back Credit Card
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 caf culture in Toronto or any other major city.
Latest Credit Card Articles:
Take a closer look at how you spend and find the credit card rewards program that delivers the best long-term value for you.
Optimizing how you use your available credit can help you maintain or improve your credit score.
A pre-approved credit increase may signal warning bells. Why is your credit card company offering you more money? But don’t be alarmed; it may be a good thing for your credit score.
A recent RATESDOTCA survey reveals that 39% of Canadians carry over $5,000 in non-mortgage debt, as inflation and high interest rates continue to impact budgets.
Learn the best credit cards for grocery store purchases and rewards.
Roadside assistance can help you with your car troubles — and with some credit cards, you can get it for free. Learn about the best plans for you.
