Best Business Credit Cards 2026
| Card |
Annual Fee |
Best For |
Key Benefit |
| Amex Business Gold |
$199 |
Flexible rewards |
2x points on top 2 categories |
| Scotiabank Passport Visa Business |
$149 |
Travel, no forex |
No FX fees |
| TD Aeroplan Visa Infinite Business |
$120 |
Aeroplan collectors |
Lounge access |
| BMO CashBack Business Mastercard |
$0-120 |
Cash back |
Up to 3% categories |
| RBC Avion Visa Infinite Business |
$120 |
RBC customers |
Flexible travel |
| CIBC Aeroplan Visa Business |
$120 |
Aeroplan + CIBC |
Insurance included |
Best by Category
Best for Flexible Rewards
American Express Business Gold
| Feature |
Details |
| Annual fee |
$199 |
| Welcome bonus |
Up to 75,000 points |
| Earning rate |
2x on top 2 categories (auto-detected) |
| Categories |
Advertising, gasoline, shipping, restaurants, tech |
| Insurance |
Purchase protection, extended warranty |
| Lounge access |
No |
Best for: Variable business spending patterns.
Best for Travel Rewards
Scotiabank Passport Visa Infinite Business
| Feature |
Details |
| Annual fee |
$149 |
| Welcome bonus |
40,000 points ($400 value) |
| Earning rate |
2x travel, dining, transit |
| FX fees |
$0 (no foreign transaction fees) |
| Lounge access |
6 free passes/year |
| Insurance |
Trip, car rental, emergency medical |
Best for: International travel and purchases.
Best for No Annual Fee
BMO CashBack Business Mastercard (No Fee)
| Feature |
Details |
| Annual fee |
$0 |
| Cash back |
1% on everything |
| Bonus categories |
None |
| Employee cards |
Free |
| Insurance |
Basic purchase protection |
Best for: Simple business needs, starting out.
Best for Cash Back
BMO CashBack Business Mastercard (Premium)
| Feature |
Details |
| Annual fee |
$120 |
| Cash back |
3% gas, 2% office supplies, 1% other |
| Employee cards |
Free |
| Credit limit |
Higher than no-fee version |
| Insurance |
Enhanced purchase protection |
Best for: Businesses with high gas/office spend.
Best for Aeroplan Miles
TD Aeroplan Visa Infinite Business
| Feature |
Details |
| Annual fee |
$120 |
| Welcome bonus |
40,000 Aeroplan points |
| Earning rate |
1.5x Aeroplan, 1x other |
| Employee cards |
$50/card |
| Lounge access |
Maple Leaf Lounge passes |
| Insurance |
Travel, car rental |
Best for: Frequent Air Canada flyers.
Business vs Personal Cards
Why Choose Business Cards
| Advantage |
Details |
| Higher credit limits |
$10,000-100,000+ |
| Employee cards |
Track spending by person |
| Business categories |
Better rewards on supplies, advertising |
| Expense tracking |
Automatic categorization |
| Separate reporting |
Clean bookkeeping |
| Business insurance |
Often included |
Qualification Differences
| Factor |
Personal |
Business |
| Income required |
Personal income |
Business revenue |
| Credit check |
Personal credit |
Personal + sometimes business |
| Entity required |
No |
No (sole prop OK) |
| SIN required |
Yes |
Yes |
Rewards Comparison
Cash Back
| Card |
Category 1 |
Category 2 |
Base Rate |
| BMO CashBack Business |
3% gas |
2% office |
1% |
| Scotiabank SCENE+ Business |
3% groceries |
2% gas |
1% |
| TD Cash Back Business |
3% gas |
2% office |
1% |
Points/Miles
| Card |
Top Earning Rate |
Point Value |
| Amex Business Gold |
2x (auto top 2) |
~1.5-2¢/pt |
| TD Aeroplan Business |
1.5x Aeroplan |
~1.5-2¢/pt |
| RBC Avion Business |
1x all |
~1-1.5¢/pt |
| Scotiabank Passport |
2x travel/dining |
~1¢/pt |
Annual Fee vs Rewards Analysis
When Premium Cards Pay Off
| Card |
Annual Fee |
Break-Even Spending/Year |
| Amex Business Gold |
$199 |
~$10,000 (on bonus categories) |
| Scotiabank Passport |
$149 |
~$7,500 travel/dining |
| BMO CashBack Premium |
$120 |
~$6,000 gas + office |
No-Fee Business Cards Comparison
| Card |
Rewards |
Best Feature |
| BMO CashBack Business |
1% |
Simple |
| American Express SimplyCash |
1.25% |
Higher rate |
| Capital One Spark Classic |
1% |
Unlimited |
Business Card Features
Expense Management
| Feature |
Amex |
Scotiabank |
TD |
BMO |
| Real-time alerts |
✅ |
✅ |
✅ |
✅ |
| Spending limits |
✅ |
✅ |
✅ |
✅ |
| Category reports |
✅ |
✅ |
✅ |
✅ |
| Software integration |
✅ |
Limited |
✅ |
Limited |
Employee Cards
| Card |
Employee Card Fee |
Controls |
| Amex Business Gold |
$0 |
Full control |
| Scotiabank Passport |
$0 |
Spending limits |
| TD Aeroplan Business |
$50/card |
Basic |
| BMO CashBack |
$0 |
Spending limits |
Insurance Included
| Coverage |
Amex Gold |
Scotiabank |
TD Aeroplan |
| Purchase protection |
90 days |
90 days |
90 days |
| Extended warranty |
+1 year |
+1 year |
+1 year |
| Trip cancellation |
❌ |
$2,000 |
$1,500 |
| Emergency medical |
❌ |
$1M |
$500,000 |
| Car rental |
❌ |
✅ |
✅ |
Applying for Business Cards
What You Need
| Information |
Details |
| Business name |
Or your name (sole prop) |
| Business type |
Sole prop, corp, partnership |
| Years in business |
Even 0-1 year OK |
| Annual revenue |
Estimate acceptable |
| Business number |
Optional for sole props |
| Personal SIN |
Always required |
Tips for Approval
| Factor |
Tip |
| Personal credit |
Most important factor |
| Keep utilization low |
Under 30% on personal cards |
| Accurate revenue |
Don’t understate |
| Start with one card |
Don’t apply for many at once |
Tax Considerations
Deductible Expenses
| Item |
Deductible? |
| Annual fee |
Yes (if 100% business use) |
| Interest charges |
Yes (if business purchases) |
| Foreign transaction fees |
Yes |
| Rewards earned |
Generally not taxable |
Record Keeping
| Best Practice |
Why |
| Separate business card |
Clean expense tracking |
| Save all statements |
Tax audit support |
| Categorize expenses |
Easier bookkeeping |
| Sync to accounting software |
Automated tracking |