The Top 5 Business Credit Cards in Canada for Small Business Owners

The Top 5 Business Credit Cards in Canada for Small Business Owners

Find the best business credit cards in Canada for small business owners. These top 5 credit cards offer great rewards and benefits for your business.

17/05/2023
Rachel Nguyen
Rachel Nguyen
Web Developer and Technology Writer
Rachel is a software engineer who focuses on web development. She has experience building custom web applications for businesses of all sizes. Sarah is also a skilled writer and enjoys sharing her knowledge of web development with others.

As a small business owner in Canada, it can be challenging to manage cash flow and expenses. That's where business credit cards come in handy. Not only do they help you keep track of your spending, but they also offer perks and rewards that can benefit your business. In this article, we'll take a look at the top 5 business credit cards in Canada for small business owners.

1. American Express Business Gold Rewards Card

The American Express Business Gold Rewards Card is a top pick for small business owners who want to earn rewards on their spending. With this card, you'll earn 2 points per $1 spent on eligible purchases, including gas, office supplies, and advertising. You'll also earn 1 point per $1 spent on all other purchases. Plus, you'll receive a welcome bonus of 30,000 points when you spend $5,000 in the first 3 months of card membership. Aside from rewards, the American Express Business Gold Rewards Card offers other perks such as travel insurance, purchase protection, and extended warranty coverage. The annual fee for this card is $250, but it can be worth it if you take advantage of the rewards and benefits.

2. Scotiabank Business Visa Card

The Scotiabank Business Visa Card is another great option for small business owners. With this card, you'll earn 1 point per $1 spent on eligible purchases, including gas, office supplies, and telecom services. You can redeem your points for travel, merchandise, gift cards, and more. Plus, you'll receive a welcome bonus of 5,000 points when you make your first purchase. The Scotiabank Business Visa Card also offers other benefits such as travel insurance, purchase protection, and extended warranty coverage. The annual fee for this card is $99, but it's waived for the first year.

3. BMO Cashback Business Mastercard

If you prefer cashback rewards, the BMO Cashback Business Mastercard might be the right choice for you. With this card, you'll earn 1.5% cashback on all purchases, with no limit on how much you can earn. Plus, you'll receive a welcome bonus of $300 when you spend $5,000 in the first 3 months of card membership. The BMO Cashback Business Mastercard also offers other benefits such as travel insurance, purchase protection, and extended warranty coverage. The annual fee for this card is $120, but it's waived for the first year.

4. TD Business Travel Visa Card

If you frequently travel for business, the TD Business Travel Visa Card might be the right fit for you. With this card, you'll earn 3 points per $1 spent on travel purchases, including flights, hotels, and car rentals. You'll also earn 2 points per $1 spent on dining and entertainment, and 1 point per $1 spent on all other purchases. Plus, you'll receive a welcome bonus of 20,000 points when you make your first purchase. The TD Business Travel Visa Card also offers other benefits such as travel insurance, car rental insurance, and emergency travel assistance. The annual fee for this card is $149, but it's waived for the first year.

5. CIBC Aerogold Visa Card for Business

If you're a frequent flyer, the CIBC Aerogold Visa Card for Business might be the right choice for you. With this card, you'll earn 1.5 Aeroplan miles per $1 spent on eligible purchases, including flights, hotels, and car rentals. You'll also earn 1 Aeroplan mile per $1 spent on all other purchases. Plus, you'll receive a welcome bonus of 20,000 Aeroplan miles when you make your first purchase. The CIBC Aerogold Visa Card for Business also offers other benefits such as travel insurance, car rental insurance, and purchase protection. The annual fee for this card is $180, but it's waived for the first year.

Conclusion

As a small business owner, it's important to choose a credit card that fits your needs and budget. The American Express Business Gold Rewards Card, Scotiabank Business Visa Card, BMO Cashback Business Mastercard, TD Business Travel Visa Card, and CIBC Aerogold Visa Card for Business are all great options to consider. With rewards, perks, and benefits, these cards can help you manage your expenses and grow your business.

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