You Can do wonders with a Business Credit Card in Canada

Are you searching for a business credit card in Canada? Like one of those logic puzzles, hunting for the best business credit cards in Canada might be challenging. But don’t worry; we are here to assist you.

Business credit cards, which have higher limits than personal credit cards, assist small and medium-sized firms (SMEs) in freeing up cash flow by postponing payment on ongoing costs until a particular day in a month. This is an essential advantage for the typical business that relies on operational cash flow to cover expenses.

The benefits of rewards programmes vary depending on your business. But how can you predict whether you need a business credit card? Hang on; you’ll get your answer!


Can I have a business credit card?

YES! Many individuals think you must be a senior executive of a big corporation to be authorized for a business credit card. Infect the only requirement of having a business credit card is that you own a small or mid-size business.


How does a Business Credit Card work in Canada?

A business credit card functions like the personal one but is only available to business owners. There are many other elements that are considered, and you could be turned down for a business credit card if your business does not qualify for credit.

In comparison to personal credit cards, business credit cards can have higher credit limits. This, among other things, gives the owner the option to purchase many products as well as more expensive items like furniture and office equipment. A Business credit card may be helpful when segregating personal and company expenses.


Three advantages to having a business credit card

Because they offer business owners and staff several benefits when paying for ongoing business expenses, business credit cards are fantastic for small to mid-size businesses.


The following are the top advantages of utilizing business credit cards –

  • Record all expenditures

Keeping track of each expense and recording it for bookkeeping is part of managing a business. You may streamline your spending and properly track it with a business credit card, ensuring that you stay within your allocated spending limit.

  • Protections in case of abuse

You can provide your staff with business credit cards without being concerned about illegal use. Most credit card providers will protect you if one of your staff members makes an illicit purchase using the card (usually up to a certain amount per year).

  • Not connected to personal credit score

Unlike individual credit cards, business credit cards are not connected to your personal credit score. Since a corporate credit card will be linked to your company, any missed payments won’t impact your personal credit rating.


Best Business Credit Card in Canada

We have compiled a list of the top business credit cards in Canada for 2022 to assist you in finding the right card for your needs. We are sure you will find what you’re looking for right here.


  1. American Express Business Platinum Card

Annual Fee – $499 for the main card and $199 for each additional card.

We’re off to a solid start with the American Express Business Platinum Card. It offers special deals for your company. Registering for a new account with the current introductory offer might receive 80,000 additional Membership Rewards. You must make $6,000 purchases during the first three months of registering.

American Express enables flexible payments, such as gradually paying a portion of your amount over time if necessary. Finally, you have access to account management features that can help you take control of your finances, insurance policies, purchase protection, privileged access during work trips, and more.


  1. BMO Cashback Business Mastercard

Annual Fee – None

This one might seem to offer fewer advantages, but it’s free! The interest rates are the same everywhere else. This translates to 19.99% for purchases, and cash advances, 22.99%.

With this card, you do not receive Air Miles, but you do receive savings! There is presently a welcome promotion entitles you to three months of 10% cash back on purchases of gas, office supplies, and phone and internet bills. The cashback rates at Shell are 1.75 percent when you pay at the pump or make in-store purchases, 1.5 percent for eligible gas, office supplies, and recurring phone and internet bill payments, and 0.7 percent for all other card purchases.

You receive discounts at specific retailers and an extended warranty on your purchases, among other advantages of the card. This is the perfect choice for individuals who want the benefits of a business credit card without having to pay a high annual fee.


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  1. National Bank Business MasterCard

Annual Fee – None

Let us introduce the National Bank Business Mastercard in case you thought it was impossible to have an excellent business credit card without spending a lot of money. It is free to use! You did read that correctly. There are no annual fees for this credit card. However, if you choose, you can spend $30 a year to get the card’s interest rate lowered.

The interest rates are 20.99% on purchases and 22.99% on balance transfers and cash advances if you choose the no-fee card. The interest rates are reduced to 14.5% if you decide to pay $30 a year. If you carry a balance on the card, choosing the annual fee option could save you a lot of money in interest fees.

You do not earn points or rewards using this card. However, it’s still a fantastic business credit card for individuals looking for something straightforward but valuable. Additionally, if you know you won’t be able to pay the payment in full each month, the low-rate option is a unique feature.


Our Pick – Visa Card

Why is Business Visa Card our pick?

With Visa Card, you’ll have everything you need to take care of your small business and support its growth, including purchasing convenience, cost savings, available credit, and thorough reporting –

  1. Distinguish between your personal and business spending
  2. Facilitates adequate cash flow and expense management
  3. Provides rapid access to money
  4. Ideal for regular travel and leisure, work expenses, and office supplies


  1. The RBC Avion Visa Infinite Business

Annual Fee – $175 for primary card, $75 for additional card

You gain points with the RBC Rewards programme for all business-related transactions. You can get up to nine extra cards for $75 apiece and $175 for the primary card. For purchases, interest is 19.99%; for cash advances, it is 22.99%.

You can exchange the RBC Rewards points you accumulate for gift cards, products, travel, or to settle a credit card balance. Up to $75,000 in annual purchases, you get 1.25 points for every dollar you spend, plus an additional 25,000 points simply for applying for the card.

Complimentary insurances like mobile device insurance, emergency medical care outside Canada, travel insurance, lost or stolen baggage, necessities, and collision and damage insurance for rental cars are additional benefits that draw many professionals.


  1. Desjardins Visa Business Credit Card

Annual Fee – $60 (one to four cards) / $40 (five cards and more)

This isn’t the right card for you if you’re in charge of a large company. However, if you work for yourself or own a small to a mid-size company, you will love this card! The annual fees should be noted right away because they are very modest.

You also have one of the lowest interest rates in the nation to your advantage! The prime rate plus 8.5% is used to compute the yearly interest rate.

Desjardins still provides you a 1% back on all purchases made with your card even though the card is not connected to a rewards programme. Additionally, you are entitled to various forms of insurance and protection and free access to legal aid.



Many Canadian banking institutions provide corporate credit cards with unique benefits and applications. The best card for you will provide benefits that are especially suited to how you run your business, whether in the form of rental car and airport lounge access for frequent travellers, cashback and reward points.

If you still need help finding the best business credit card for your business, do connect with us at Bronte Bay. You may compare our pricing packages at BronteBay in minutes. We offer webinars and one-on-one advisory meetings to suit every business. We can show you the ropes in the right direction. Start with our 30-day free trial to see how you can save!