Best Business Credit Cards in Canada for 2020

With a premium rewards program that gives you the flexibility to redeem points and rewards, we consider the RBC Visa Business Platinum Avion the best business credit card in Canada. It’s great for businesses that spend more than $800 a month and want a comprehensive insurance program for overseas travel and a lucrative welcome bonus on top of the flexibility in redeeming points.

• Best travel companion – The perfect card for business owners who constantly travel, it provides 25% more points on travel related purchases and as the ability to transfer points to other travel rewards programs. It also comes with a comprehensive travel insurance package that covers medical, trip interruption and cancellation, and rental car collision and damage protection.
• Convenient redemption – Points can be used to redeem flights, vacation packages, merchandise, rentals, balance payment, gift cards for employees, and more.
• Simplified business processes – This credit card helps simplify employee reimbursement, accounting, and help identify tax-deductible expenses.

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:

• Better bonus offer For a limited time, this Canadian business Amex card offers up to $500 in statement credit in your 1^st three months on FedEx purchases (worth more than the annual fee of $295).
• 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.

The CIBC Aerogold Visa for Business is a practical way to consolidate all your business expenses while getting rewarded. The reward system is decent with 1.5 Aeroplan miles per dollar spent when you consider an annual fee that's lower than other business credit cards in Canada. Plus, with Air Canada Perks thrown in the mix, the CIBC Aerogold Business Credit Card makes travelling for business more pleasurable.

Why We Like It:

• Value-packed sign-up bonus This credit card gives you a chance to earn around 35,000 Aeroplan miles on the 1^st four statement periods. It also offers a $120 Air Canada eGift card that you can use on your travels.
• Structured earning system Rewards are no-nonsense with 1.5 Aeroplan miles for every $1 spent on gas and travel and 1 Aeroplan mile on the rest.
• Travel comforts Enjoy Aeroplan-related perks such as complimentary first checked bag, priority check-in and boarding and one-time Maple Leaf Lounge pass to make jet setting easier.
• Good insurance coverage Have peace of mind knowing that you are covered with what's important such as flight and delayed baggage insurance, car rental theft and damage insurance, common carrier damage insurance, and trip cancellation and interruption insurance, to name a few.

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.

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 1^st 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 1^st 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.

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.

• 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.