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
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
NO
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Flight delay insurance,Baggage Insurance
No
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Vehicule rental insurance
No
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Travel accident insurance
Yes
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Travel medical insurance
No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 5.99%
- Cash Advance Interest Rate: 5.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
as low as CIBC Prime +1.5% for cash and purchases
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
1 Annual interest rate and credit limit is based on your personal credit bureau and other information at the time your application is processed. The minimum credit limit is $5,000 and the maximum credit limit is $50,000. Annual interest rate will range between CIBC Prime Rate + 1.5% and CIBC Prime Rate + 13.0%. The card’s annual interest rate is variable, meaning that it may change when CIBC’s Prime Rate changes. You can find out what CIBC Prime Rate is by calling CIBC toll-free at 1-866-525-8622.
2 bizline cheques bear interest from the date they are posted to your credit card account. Cash advances are charged to your CIBC bizline Visa Card and bear interest from the date they are taken from your account.
3 Your annual income may include business and personal sources (e.g., share of profits, drawings, dividends and management salaries from the business, income from personal investments and part-time employment income). This income may be verified using your personal Notice of Assessment.
4 Insurance Features and options: Common carrier fares must be charged to the card prior to your departure to activate coverage. $100,000 Common Carrier Accident Insurance is available only to the Primary Cardholder and his or her spouse and dependent children; coverage is up to $100,000. All insurances are underwritten by Royal & Sun Alliance Insurance Company of Canada and are subject to limitations and exclusions outlined in the insurance certificates distributed with the card package.
5 We may withdraw approval if we become aware of any unfavourable information regarding your financial position or account status, or if you are unable to provide any additional information reasonably requested by CIBC. The application response time may take longer than 60 seconds in the event of technology issues. If you supply your email address, an application status email will be sent as soon as the technology issues are resolved. Otherwise, you will receive a response to your credit card application within 7 to 10 business days.
All information is valid at the time of publication and is subject to change without notice.
Welcome bonus
- Earn a welcome bonus of 80,000 Membership Rewards® points when you spend $6,000 in purchases within the first three months of Cardmembership.
- 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
- Pay for business expenses over time with Flexible Payment Option.
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses
- Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
- Enjoy financial flexibility with no pre-set spending limit on purchases. 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
- Platinum Cardmembers can enjoy access to specialty services, preferential treatment and a dedicated Concierge team
- This charge card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. Interest rate of 19.99% applies to your Flexible Payment Option balance. This rate is effective from the day the Flexible Payment Option is first available on your account.
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
American Express Business Edge Card
- Earn up to 57,000 bonus points –that’s $570 in statement credits you can reinvest into your business.
- Make the most of a suite of business management tools that give you more control over your business anytime and anywhere
- Leverage your cash flow with the option of carrying a balance or paying in full each month
MONTHLY BONUS POINTS
Use points to offset business expenses: Membership Rewards® allows you to offset business expenses by covering the cost of purchases made on your Card, in full or in part. Redeem points for statement credits and to book flights, hotels, and car rentals. Redeem points for flight purchases on AirCanada.com and even transfer to frequent flier and hotel programs
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Earn 3 times the points for Card purchases on eligible business essentials including;
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3X the points on Eats & Drinks
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3X the points on Rides & Gas
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3X the points on Office Supplies & Electronics
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Up to a maximum of 75,000 points, and then earn 1X the points on other purchases
Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
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Use points to book flights within Canada or to anywhere in the world with a fixed number of points.
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Redeem points for statement credits to offset any eligible purchase charged to your Card.
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Use points to pay for your Amazon.ca purchases at checkout.
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Use points for a wide range of gift cards and merchandise.
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
WELCOME BONUS OFFER
Marriott Bonvoy™ Business American Express® Card
Earn a Welcome Bonus of 50,000 Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership.
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You can earn 3 points for every $1 in Card purchases on eligible gas, dining and travel.
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You can earn 5 points for every $1 in Card purchases at participating Marriott Bonvoy properties.
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You can earn 2 points for every $1 on all other purchases charged to the Card.
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Receive a 15,000 points bonus from the Marriott Bonvoy program when you transfer 60,000 points to a frequent flyer program.
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Transfer points to frequent flyer miles with a wide selection of airlines.
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As an added benefit of being the Basic Cardmember, you9 could earn more points by referring a friend. For each approved referral you could earn a referral bonus of 10,000 points.
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Experience 29 distinct brands including SheratonTM, WestinTM, St. RegisTM, The Luxury CollectionTM, WTM Hotels, Le Me?ridien, Tribute Portfolio, ElementTM, AloftTM, Four PointsTM by Sheraton and Design HotelsTM. Learn more at www.marriott.com.
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Experience once-in-a-lifetime events with Marriott Bonvoy MomentsTM, for unforgettable opportunities like meet and greets with A-list artists and athletes, backstage concert passes, pro golf clinics and much more.
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Redeem points for free nights with no blackout dates at over 6,700 of some of the world’s most extraordinary hotels and resorts around the globe.
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Redeem your points for flights on some of the world’s leading airlines.
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
Author Bio
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.
