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
-
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
-
Vehicle rental insurance
No
-
Travel accident insurance
Yes
-
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 offer
Redefine what you’ll experience and discover with Platinum
Earning Points
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases charged to your Card.3 Earn at the same rate for virtually every dollar in purchases charged to Supplementary Cards added to your account.
- All points accumulate in your account so you can get the rewards you want faster. There is no limit to the number of points you can earn and your points never expire.
- As an eligible Basic Cardmember, refer a friend or family member who is a business owner and you7 could earn a maximum annual referral bonus of 225,000 Membership Rewards points.
Redeeming Points
- Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
- Use points to book flights within Canada or to anywhere in the world with a fixed number of points.
- Redeem points for statement credits to offset any eligible purchase charged to your Card.
- Use points to pay for your Amazon.ca purchases at checkout.
- Use points for a wide range of gift cards and merchandise.
- Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
- Use points for flights, hotels and car rentals with American Express Travel.
- Redeem points for flight purchases on AirCanada.com.
Enjoy special benefits for you and your business.
- 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 premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
- Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
- Enjoy Fine Hotels + Resorts benefits at over 1,300 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.
- Upgrade your stay with premium status at leading hotel brands like Hilton Honors and Marriott Bonvoy
- Enjoy access to specialty services and events, preferential treatment, and a dedicated Concierge team.
- Access a $100 CAD credit for NEXUS every 4 years with your Cardmembership
Access comprehensive insurance coverage for your travel needs.
- Access Out of Province/Country Emergency Medical Insurance (for under age 65), even if you don’t charge your tickets and travel arrangements to your Business Platinum Card.
- Access Trip Cancellation Insurance, Trip Interruption Insurance, Travel Emergency Assistance, and up to $500,000 Travel Accident Insurance when you fully charge your tickets and travel arrangements to your Business Platinum Card.
- Plus, access Lost or Stolen Baggage Insurance, Flight Delay Insurance, and Baggage Delay Insurance when you fully charge your airline tickets to your Business Platinum Card.
- Save money when travelling with complimentary Car Rental Theft and Damage Insurance
Access coverage that can protect your business purchases when you charge the full price of eligible items to your Business Platinum Card
- Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan
- Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan
- Equip your business with Mobile Device Insurance
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. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment
American Express Business Edge Card Review 2024
Welcome bonus
Earn up to 67,000 welcome bonus Membership Rewards® points
- That’s $670 in statement credits that can be reinvested in your business.
Earn points that you can redeem in a variety of ways.
- Earn 3x the points for Card purchases on eligible business essentials including office supplies & electronics, rides & gas, eats & drinks when your Welcome Offer ends. Caps and other conditions may apply.
- Earn 1x the points on all other purchases charged to the Card
- 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.
- Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
Make the most out of a full 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.
- Employee Card Misuse Protection is a benefit created specifically for business owners and it provides coverage of up to $100,000 per Basic Cardmember in the event an employee misuses their Supplementary Card for unauthorized charges.
Access coverage that can protect your business purchases when you charge the full price of eligible items to your American Express Business EdgeTM Card.
- Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan
- Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan
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
Earn 50,000 welcome bonus Marriott Bonvoy® points
-
- Earn 50,000 Welcome Bonus Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership.
Earn Marriott Bonvoy points that you can redeem in a variety of ways.
- Earn 5 points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
- Earn 3 points for every $1 spent on eligible gas, dining and travel
- Earn 2 points for every $1 spent on everything else
- Redeem points for free nights with no blackout dates at over 7,000 of some of the world's most extraordinary hotels and resorts around the globe. Use your points for flights on some of the world's leading airlines
Make the most out of a full 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
- Control employee expenses plus track and accumulate points on your account with Supplementary Cards, so you have an opportunity to maximize the points you earn.
Experience the exclusive benefits of the Marriott Bonvoy® Business American Express®* Card.
- Receive an Annual Free Night Award automatically each year after your anniversary
- Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program
- Upgrade to Gold Elite status after you charge $30,000 in net purchases to your Card each year, or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your card.
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 in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. 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's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.
