CIBC bizline Visa Card for Small Business Review
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
5.99%
Purchase Interest Rate
$35,000
Min Personal Required
CIBC bizline Visa Card for Small Business
My Rate Compass Rating: star star star star_outline star_outline (3)
Bank Name:CIBC
Network Type:VISA
CIBC bizline Visa Card for Small Business
Welcome Bonus
Annual Fee
$0
CIBC bizline Visa Card for Small Business
Card Details

CIBC bizline® Visa* Card for Business review



CIBC bizline Visa Card for Small Business

Easy access to a high credit limit up to $50,000

Get the flexibility to make your business next-level competitive

Competitive purchase and cash rates

Interest as low as 1.5% over CIBC Prime

Add up to 9 cardholders

Consolidate employee spending under one account
Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance Yes
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 5.99%
  • Cash Advance Interest Rate: 5.99%
Eligibility
Personal Income Required: $35000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_outline star_outline (3)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
Low Interest rate

as low as CIBC Prime +1.5% for cash and purchases
Editor's Review

This card is specially tailored for business owners who want to grow their businesses. It has an out-of-this-world interest rate of just 1.5% over CIBC prime for both cash and purchases. It also allows business owners to access up to $50k in credit with a 0$ annual fee.

 

If you want to stay ahead of the curve and invest in the growth of your business, then this card is just perfect for you. You gain instant access to cash and you can add up to 9 employees under one umbrella account. This allows you to consolidate the employee spending and use the CreditSmart program to manage and organize the credit card activity.

 

The only requirement to access this benefit-loaded card is to have a minimum annual income of $35k. Of course, you also have to be a permanent resident of Canada and be of a minimum of 18 years of age.

 

In addition to the exceptionally low-interest fee and great management features, this card offers you travel accident insurance.




Here are additional advantages that a small business credit card can offer your business to help it grow and be profitable.

Manage business expenses
Earn rewards for your business spend
Build credit for your business
Simplicity of recordkeeping and reporting, especially around tax time
Maintain control over spending