Best Business Credit Cards in Canada for 2021

 
Details
Annual Fee: $250
Purchases Interest Rate: -%
Cash Advance Interest Rate: -%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Great welcome bonus offer
  • Value-added rewards for travelers and cross-border shoppers
  • Lucrative rewards system
  • Rebates on flights
  • Protection for travel and purchases
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Why we like it

The Amex Business Gold Rewards Card is a solid addition your wallet if you are a small-business owner who wants to get rewarded for business or family travel. It offers great returns for business expenses with 4x points on two categories of choice. And if you regularly make FedEx purchases, the limited-time bonus offer alone exceeds the annual fee of the first year.

Why We Like It:

  • Welcome bonus - Earn a Welcome Bonus of 50,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership
  • Value-added rewards for travelers and cross-border shoppers This rewards card provides up to 4x points per dollar spent on your top two categories, including airfare as well as purchases made in the US for gas, restaurants, shipping, and advertising.
  • Lucrative rewards system - When maximized, the current reward system will give you approximately 600,000 points a year.
  • Rebates on flights - Get 25% of your points back (up to 250,000 points annually) when you redeem points to book flights via Amex Travel.
  • Protection for travel and purchases - It offers a wide range of travel insurance and purchase protection, including automatic extended warranty, purchase protection and return protection for store and online purchases.
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WELCOME BONUS

  • Earn a Welcome Bonus of 50,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership

MAXIMIZE CASH FLOW
  • You can maximize your cash flow with up to 55 interest free days. Use the Card throughout the month for all of your everyday business expenses, and earn reward points while you're at it

  • Earn 1 point for every dollar in purchases charged to the Card. Plus, there is an easy, convenient way to get more out of your Membership Rewards® points - simply charge an eligible purchase to your card. Then you can redeem points for a statement credit

DYNAMIC PURCHASING POWER
  • Take advantage of purchasing power that grows with your business. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history

  • Make the most of a suite of business management tools that give you more control over your business - anytime and anywhere

  • As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
Details
Annual Fee: $49
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Low balance transfer rate
  • Invest back into your business
  • Organize financial statements
  • Protect what matters
  • Low annual fee
Full Review
Why we like it

The Scotiabank Momentum Business Visa helps business owners organize and track expenses with ease while rewarding them for everyday purchases. With up to 3% cash back and an introductory low balance transfer rate, this business credit card is ideal for startups with pre-existing debt and business owners looking to expand.

Why We Like It:

  • Low balance transfer rate For a limited time, new card holders get 2.99% interest rate on balance transfers for the first 6 months. This may be an enough time for businesses with pre-existing debt to clear out their balance.
  • Invest back into your business Earn 3% cash back on common spending including gas, office supplies, restaurants, and recurring bills.
  • Organize financial statements Easy tracking of business expenses with all spending consolidated in one monthly statement.
  • Protect what matters This credit card for business includes four types of travel and purchase insurance which are enough to protect your business as it grows.
  • Low annual fee The annual fee of $49 is lower compared to most business cash back credit cards in Canada.
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Scotiabank Momentum® for business Visa* Card review



Great Reasons To Get This Card For Your Everyday Business Purchases

3%

Gas Stations

3%

Restaurants

3%

Office Supplies

3%

Recurring Bill Payments

Plus, Earn cash back On All Other Eligible Business Purchases

Details
Annual Fee: $79
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Specialized vehicle rewards program
  • No cash back limits and expiration dates
  • Purchase security and extended warranty
  • Attractive sign-up bonus
Full Review
Why we like it

With a car being an essential albeit expensive purchase for a growing business, the Scotiabank GM Business Visa comes in handy for the entrepreneur seeking to buy or lease a GM car in the near future. At the same time, it offers practical benefits for the pragmatic businessman, including rental car discounts and a decent shopper protection program for a small annual fee that you can waive on the 1st year.

Why We Like It:

  • Specialized vehicle rewards program Business purchases qualify for 5% GM cash back that you can use to purchase a new Chevrolet, Buick, GMC, or Cadillac. With $1 in GM cash back equal to $1 toward your next car purchase, getting a car is easier especially when combined with your own savings. This co-branded business credit card also gives access to GM Business Choice program to help prepare your new vehicle for work.
  • No cash back limits and expiration dates Enjoy your points and rewards as long as you keep the card. The 5% GM earnings is applicable on the 1st $10,000 spent annually, then it becomes 2% after.
  • Purchase security and extended warranty For a business credit card with low annual fee, the Scotiabank GM business Visa offers automatic insurance for eligible purchases worldwide against theft, loss or damage for 90 days.
  • Attractive sign-up bonus Balance transfers get a 2.99% introductory interest rate for the 1st six months. You also get to waive your annual fee on the first year , giving you more reason to check if this is the best business credit card for your needs.
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Great reasons to get this card for your everyday business purchases

  • Earn 5% in GM Earnings on the first $10,000 spent annually,and 2% on all other everyday business purchases

  • $1in GM Earnings =$1towards your purchase or lease of a new Chevrolet, Buick, GMC, or Cadillac

  • Earnings do not expire as along as you are a cardholder

  • No earning or redemption caps

Details
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Free hotel stays
  • Loyalty rewards
  • Airline conversion
  • Shopping and travel protection
  • No foreign transaction fees
  • Upgraded status
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Why we like it

While geared towards hotel rewards, the Marriott Bonvoy Amex Credit Card is also a great card for travelers with a multitude of redemption options as well as valuable travel and shopping benefits. The free hotel stays are enough to pay for the annual fee. And when combined with the flexible travel points, this credit card is one of the best choices for both hotel and travel benefits.

 

 

  • Welcome bonus-New Marriott Bonvoy™ American Express® Cardmembers, earn 50,000 Marriott Bonvoy™ points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership
  • Free hotel stays – Points can be redeemed for free nights with no blackout dates at more than 7,000 affiliated hotels. Plus, this credit card gives you a Free Night Award every year after your membership anniversary.
  • Loyalty rewards – Earn 6x base points per dollar at Marriott-affiliated properties when you use the card and 11x base points per dollar for being a Marriott member. This gives you 17x points per dollar or more!
  • Airline conversion – Points are transferrable to more than 40 airlines.
  • Shopping and travel protection – Get protected against travel emergencies and accidents, car rental theft and damage, flight and baggage delay, and hotel or motel burglary.
  • No foreign transaction fees – Perfect for online and overseas purchases.
  • Upgraded status – Get complimentary Silver Elite Member Status or a fast track to Gold Elite status by spending $30,000 in a calendar year.
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Review of Marriott BonvoyTM American Express®

WELCOME BONUS OFFER

  • New Marriott Bonvoy™ American Express® Cardmembers, earn 50,000 Marriott Bonvoy™ points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership - redeem points towards 2 nights at a Category 4 hotel. Subject to change at any time.

ANNUAL FREE NIGHT AWARD
Receive an Annual Free Night Award4 after your anniversary each year 

  • Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties

  • Earn 2 points for every $1 in all other Card purchases

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.