Best Business Credit Cards in Canada
Business credit cards are rated the same way we rate personal cards — earning potential across a realistic spending mix, weighed against the annual fee, using each issuer’s published rates — with the cards most Canadian small businesses can actually apply for.
Short answer: The TD Aeroplan Visa Business Card is our top business card (4.9/5). It charges 14.99% on purchases, roughly five points below most business rewards cards, carries a full travel and purchase insurance package, earns Aeroplan points, and rebates its $149 fee in the first year. For transferable points, the RBC Avion Visa Infinite Business (#2) is the stronger pick; for straightforward cash back, the Scotia Momentum for business Visa pays 3% across five common business categories. Figures checked September 17, 2026 against issuer pages.
Scotiabank Passport® Visa Infinite Business* Card
The only one of the 15 business cards we review with no foreign transaction fee, a good fit if your business buys in US dollars or pays suppliers abroad.
Featured partner offer: MoneyMint earns a commission if you’re approved, which funds the Mint Rebate (terms). It doesn’t change our ratings or rankings. *Offer terms
First, check whether you need a business card at all
Most Canadian issuers let a sole proprietor or side-business owner apply with their own name and Social Insurance Number rather than a registered business number, so being unincorporated is rarely the barrier people expect it to be. That also means a personal card stays on the table. Personal cards often earn at a higher rate on everyday categories such as groceries and gas, and the annual fee frequently buys more travel insurance. What a business card adds is separation of business and household spending at tax time, employee cards with individual limits, and a credit limit set against business revenue rather than personal income. Whether business spending stays off your personal credit file depends on the issuer, so confirm it rather than assuming. It is worth comparing the personal card you would otherwise carry before you decide.
Our Picks, Ranked
among business cards
TD Aeroplan Visa Business Card
Why it’s #1: It charges 14.99% on purchases, about five points below most business rewards cards, and still carries a full insurance package and Aeroplan earning — the rare card that is both the cheapest to carry a balance on and among the best to earn on.
Good for
- ✓A 14.99% purchase APR, roughly 5 points below most competing business rewards cards.
- ✓A full insurance package: travel medical to $2 million, trip cancellation and interruption…
Worth knowing
- !The full 60,000-point welcome offer needs $25,000 of spending across a year; the first tranche alone is only…
- !Bonus-category earning stops at $80,000 of annual spending.
among business cards
RBC Avion Visa Infinite Business Card
Why it’s here: Avion points transfer to several airline programmes rather than one, and the card carries strong business travel insurance, which is why it holds the top spot among RBC’s business line.
Good for
- ✓Uncapped 1.25x earn rate on the first $75,000/year in purchases, then 1x 35,000-point welcome…
Worth knowing
- !$175 annual fee plus $75 per additional employee card (up to 9) Lounge access is pay-per-visit (US$32), not…
among business cards
Marriott Bonvoy Business American Express Card
Why it’s here: Five points per dollar at Marriott properties plus an annual free night award, which pays for the $150 fee on its own if your team stays at Marriott brands even occasionally.
Good for
- ✓Annual Free Night Award after each account anniversary Automatic Silver Elite status plus 15…
Worth knowing
- !$150/year plus $50/year per Employee card No emergency medical or trip cancellation/interruption insurance…
among business cards
American Express Aeroplan Business Reserve Card
Why it’s here: Three Aeroplan points per dollar with Air Canada plus lounge access — the strongest earn rate for a business whose staff fly Air Canada regularly, if the $599 fee can be justified.
Good for
- ✓Complimentary Maple Leaf Lounge access plus complimentary Priority Pass membership Free first…
Worth knowing
- !$599/year plus $199/year per full-benefit additional card Best value concentrated in Air Canada travel —…
among business cards
American Express Business Platinum Card
Why it’s here: The widest premium travel benefit package of any Canadian business card, built for companies with significant travel budgets rather than for the earn rate.
Good for
- ✓American Express Global Lounge Collection (1,400+ airport lounges) $200 annual travel credit…
Worth knowing
- !$799/year is one of the highest fees on any Canadian business card Flat 1.25x earn rate with no bonus…
among business cards
WestJet RBC World Elite Mastercard for Business
Why it’s here: Up to six WestJet dollars per dollar on WestJet flights plus an annual companion voucher, which is the single most valuable perk here for a WestJet-heavy business.
Good for
- ✓35,000 WestJet points after first purchase, no minimum spend Up to 6 points per $1 on WestJet…
Worth knowing
- !No online application — phone or branch only No annual companion voucher (unlike the personal WestJet World…
among business cards
Scotiabank Passport Visa Infinite Business Card
Why it’s here: It is the only one of the 15 business cards we review with no foreign transaction fee, which makes it the default pick for a business that buys in US dollars or pays overseas suppliers.
Good for
- ✓Flat, uncapped 1.5 Scene+ points per $1 on all purchases 0% foreign transaction fee…
Worth knowing
- !No trip cancellation/interruption insurance confirmed on Scotiabank’s official coverage page (one secondary…
- !incorporated-business eligibility not explicitly clarified Flat rate with no bonus categories may under-earn…
among business cards
TD Business Travel Visa Card
Why it’s here: Nine TD Rewards points per dollar through Expedia For TD, about 4.5% back, plus the first-year fee rebated for you and up to four employees.
Good for
- ✓9 points per $1 through Expedia For TD, about 4.5% back at the rate these points redeem for.
- ✓6 points per $1 on foreign-currency purchases, which partly offsets the foreign transaction…
Worth knowing
- !TD Rewards points redeem at about 0.5 cents, so headline point totals look far larger than the value behind…
- !Outside the portal and bonus categories the card earns 2 points per $1, roughly 1% — beatable by a no-fee 1%…
among business cards
American Express Business Gold Rewards Card
Why it’s here: Membership Rewards points that transfer to several airline and hotel partners, with a solid flat earn rate across all business spending.
Good for
- ✓No preset spending limit Up to 55 interest-free days on purchases Uncapped 1 point/$1 on all…
Worth knowing
- !$199/year plus $50/year per additional Employee card 30% rate applies to any Due in Full balance not paid on…
among business cards
Scotia Momentum for business Visa Card
Why it’s here: Three percent across gas and EV charging, restaurants, office supplies and recurring bills — the highest cash-back rate among the business cards we review, subject to a $40,000 combined annual cap.
Good for
- ✓3% cash back across five categories most businesses spend in, including recurring bills and…
- ✓2% on shipping and on accounting and bookkeeping services, which few competing cards…
Worth knowing
- !The 3% and 2% tiers share a $40,000 combined annual cap; past that, those categories drop to 1%.
- !The $79 annual fee means roughly $2,650 of bonus-category spending a year just to break even against a…
among business cards
RBC Avion Visa Business Card
Why it’s here: The entry point to RBC’s Avion programme at a $120 fee, with the same transferable points as its Infinite sibling and a lighter benefit package.
Good for
- ✓Flat, uncapped 1 point per $1 on all purchases 35,000-point welcome bonus plus first-year fee…
Worth knowing
- !No airport lounge access at any price No emergency medical travel insurance found for this tier Flat 1x earn…
among business cards
BMO Ascend World Elite Business Mastercard
Why it’s here: Four points per dollar on gas, office supplies and telecom, the categories most small businesses actually spend in, inside BMO’s premium business tier.
Good for
- ✓4 points per $1 on gas, office supplies, and telecom/internet, up to $50,000/year Up to…
Worth knowing
- !$175 annual fee plus $50 per additional employee card 4x bonus categories cap at $50,000/year combined spend…
among business cards
Scotia Momentum for business No Fee Visa Card
Why it’s here: A flat 1% on everything with no annual fee, no categories and no cap — the simplest business card on this list, and the cheapest to keep.
Good for
- ✓No annual fee on the primary card and no fee for supplementary employee cards.
- ✓A flat 1% with no categories to track and no annual cap on earnings.
Worth knowing
- !1% is well below what a category card pays on fuel, office supplies or client meals.
- !The 21.99% purchase APR is higher than several competing business cards, including its own $79 sibling.
among business cards
RBC Business Cash Back Mastercard
Why it’s here: a flat 1% on everything, including pre-authorized bills, with no annual fee and 2% for your first three months. Cash back is capped at $650 a year.
Good for
- ✓No annual fee, a free additional card, and 1% on all purchases including pre-authorized bills
Worth knowing
- !Cash back is capped at $650 a year, and only one additional card is allowed
among business cards
BMO CashBack Business Mastercard
Why it’s here: 1.5% on gas, office supplies and telecom with no annual fee, which beats a flat 1% card if your spending concentrates in those three categories.
Good for
- ✓No annual fee on the primary card, no income or revenue minimum to apply 1.5% cash back on…
Worth knowing
- !$50/year additional employee card fee not prominently disclosed 1.5% bonus categories cap at…
The Top Five Compared
Compare all business cards →| # | Card | Annual fee | Welcome bonus (est.) | Top earn rate | Purchase APR | Rating | |
|---|---|---|---|---|---|---|---|
| 1 | TD Aeroplan Visa Business Card | $149 (yr 1 rebated) | $1,200 | 2 pts/$1 | 14.99% | 4.8 ★ | Apply |
| 2 | RBC Avion Visa Infinite Business Card | $175 | $1,175 | 1.25 pts/$1 | 19.99% | 4.3 ★ | Apply |
| 3 | Marriott Bonvoy Business American Express Card | $150 | $720 | 5 pts/$1 | 21.99% | 4.2 ★ | Apply |
| 4 | American Express Aeroplan Business Reserve Card | $599 | $1,800 | 3 pts/$1 | 21.99% | 4.2 ★ | Apply |
| 5 | American Express Business Platinum Card | $799 | $2,040 | 1.25 pts/$1 | 21.99% | 3.9 ★ | Apply |
Common Questions
Do Business Credit Cards Require an Incorporated Business?
Not usually. Most Canadian issuers accept sole proprietors as well as incorporated businesses, and several ask only for a business name and revenue estimate. What they almost always require is a personal guarantee from the owner, meaning you are personally responsible for the balance if the business does not pay.
Does a Business Card Affect My Personal Credit Score?
It can. Most Canadian small-business cards are underwritten against the owner’s personal credit, so the application itself typically causes a hard inquiry. Whether ongoing balances and payments report to your personal credit file varies by issuer — ask before applying if you are protecting a personal credit score for a mortgage.
Is Business Credit Card Interest Tax Deductible?
Interest on borrowing for business purposes is generally deductible, while interest on personal spending is not — which is one practical reason to keep business and personal spending on separate cards. Tax treatment depends on your situation, so confirm it with an accountant rather than relying on a general rule.
What Is the Difference Between a Business Card and a Corporate Card?
A small-business card is issued against the owner’s personal credit with a personal guarantee, and is aimed at businesses of any size. A corporate card is issued against the company’s own credit, usually requires substantial revenue, and typically carries no personal guarantee. Every card ranked on this page is a small-business card.
How Many Employee Cards Can I Add?
It varies widely. Several cards on this list include supplementary cards at no charge, others charge $29 to $50 per card per year, and BMO’s premium business tier allows up to 22 additional cards. Where a card rebates additional card fees in the first year, we note it in the card’s stats.
More Rankings
Best business cards overallBusiness travel cardsBusiness cash backCompare all business cardsBest business bank accounts
MoneyMint may earn a commission if you apply through some links on this site; that does not affect how cards are rated or ranked. Rates, fees and offers were confirmed on each issuer’s own site on September 17, 2026 and change without notice — confirm current terms on the issuer’s application page before you apply. Business credit cards in Canada generally require a personal guarantee from the business owner. This page is general information, not financial, legal or tax advice.