Last updatedCompare Canada’s top business credit cards in one place. Use our card finder to match rewards and perks to your spend, filter by fees and features, and review swipeable tables that make it easy to choose the right card for your company. When you’re ready to scale, explore financing options to complement your card strategy.
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Best Business Credit Cards in Canada – Compare, Filter and Find Your Match
Use this guide to understand business credit card basics, eligibility, rewards programs and fees, then try our Business Card Finder to match cards to your spend and perk preferences. Tables are fully filterable and swipeable on mobile. When you are ready to fund growth, you can also explore a business loan through trusted lenders across Canada.
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Business Credit Card Finder
Presets
We’ll weight rewards to your selected profile. This keeps the layout compact and avoids confusing non-interactive chips.
Rewards Value Estimator
Chart compares estimated first-year net value for three popular archetypes. Values are illustrative estimates based on category multipliers minus fees.
Compare Business Credit Cards in Canada
| Card | Annual fee | Purchase APR | Brand/Program | Primary perk | Insurance depth | Welcome |
|---|
Tap headings to sort. Insurance depth is a relative score combining travel medical, device, trip and rental coverages.
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Business Credit Card Basics
A business credit card is a revolving line used for company expenses. It separates business and personal spending, simplifies bookkeeping and can help establish business credit history. Many issuers allow multiple authorized users at no extra cost, with spending controls and exportable expense data.
Why they are useful
- Centralize employee expenses with individual cards and limits
- Build business credit to unlock larger loans and credit lines
- Earn rewards on everyday operating costs
- Improve cash flow with statement grace periods
Small business vs corporate cards
- Small business owner applies, manages and pays; modest limits; perks tailored to SMB spend
- Corporate for registered corporations; higher limits; multi-user; company liable for balances
Eligibility Requirements in Canada
Most issuers require the cardholder be a Canadian resident and the business be active and for-profit. New businesses may be underwritten on the owner’s personal credit; established firms can be evaluated on business credit, revenue and cash flow. Some industries have restrictions.
- Typical factors: business revenue, time in business, personal or business credit history
- Higher-tier cards often require good to excellent credit
- Past bankruptcies can limit eligibility, but alternatives exist
Rates, Fees and Rewards
Interest rates
Purchase APRs commonly range from roughly 12 to 24 percent, with different rates for cash advances and balance transfers. Carrying a balance increases total cost — if you revolve frequently, prioritize lower APR over rewards.
Annual & other fees
Annual fees vary from zero to premium. Check foreign transaction fees, balance transfer fees and cash advance fees if relevant to your use case.
Rewards & benefits
Match rewards to your spend mix. Travel cards bundle lounge access and insurance; cash back cards return a percentage on gas, recurring bills and office supplies; some products focus on controls and accounting integrations.
How to Compare Business Credit Cards
- Map your spend gas, recurring bills, travel, software, ads
- Set fee tolerance determine if perks offset the fee
- Check insurance travel medical, trip coverage, device protection
- Assess tools employee controls, virtual cards, exports
- Evaluate welcome offers but look beyond year one value
Tip — If you finance growth or carry balances, consider whether a Business Loan or Line of Credit fits better than a premium reward card.
How to Apply
Checklist
- Business details and ownership structure
- Revenue and time in business
- Personal info for guarantor, if required
- Supporting docs: registration, bank statements or financials
Steps
- Pick a shortlist using the Finder and comparison filters
- Review issuer terms, rates, fees and coverage
- Apply online and upload documents as requested
- Set up users, limits and accounting integrations
Business Credit Card FAQs
Can I get a business credit card without a registered corporation
Yes. Sole proprietors can qualify if the business is active and the owner meets the issuer’s underwriting criteria. Personal credit may be used for approval.
Do business cards report to personal credit bureaus
Some issuers may report delinquencies to personal bureaus when there is a personal guarantee. Good standing may or may not appear; check the issuer’s policy.
What’s more important, rewards or interest rate
If you pay in full each month, rewards can be valuable. If you carry balances, prioritize a lower APR or consider a loan or line of credit to reduce interest cost.
Is there a no foreign transaction fee business card
Yes, a few products waive FX fees or support multi-currency transactions. Use the Brand and Perk filters to surface these options.
How many additional users can I add
Many issuers allow multiple authorized users with spend controls and no extra fee, though policies vary. Review each product’s additional card fee line.
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See business loan options alongside your card strategy.
Written by:
Amy Orr
Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.
Reviewed by:
Jenna West
Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.
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