- 2%TD Rewards Points for business purchases
- 0.75%Cash back on all other purchases
The promotional welcome offer for the TD Business Travel Visa* Card provides up to $1,300 in total value.
Earn 2 TD Rewards Points for every CA$1 spent on business purchases.
19.99%
22.99%
The TD Business Travel Visa Card stands out as the top choice because it offers robust rewards for business travel expenses, along with valuable travel insurance benefits. Its high earning potential on business purchases and the inclusion of complimentary airport lounge visits make it an exceptional option for frequent travelers.
Pros:
- Strong earn rates on business travel spend
- Includes complimentary airport lounge visits
Cons:
- Annual fee applies
- Foreign transaction fees may apply
2.Marriott Bonvoy Business American Express Card
American Express
- 6%Marriott Bonvoy points at participating hotels
- 4%Dining purchases
- 3%Gas purchases
- 1%All other purchases
Earn 100,000 Marriott Bonvoy® Bonus Points and 1 Free Night Award after you spend CA$8,000 in purchases on the Card.
Earn 6X Marriott Bonvoy points for each dollar of eligible purchases at participating Marriott Bonvoy hotels.
21.99%
21.99%
What sets the Marriott Bonvoy Business American Express Card apart is its exceptional earning potential on hotel stays and dining, making it ideal for frequent travelers. The annual free night award alone often justifies the fee, providing significant value for loyal Marriott guests.
Pros:
- Generous points earning on hotel stays
- Annual free night award
Cons:
- High annual fee
- Limited to Marriott properties for maximum value
- 1.75%Cash back at Shell
- 1.5%Cash back on gas and office supplies
- 0.75%Cash back on all other purchases
Get 10% cash back on gas, office supplies, and recurring cell phone/internet bills for 3 months.
Earn 1.75% cash back at Shell, 1.5% on gas, office supplies, and recurring phone bills.
20.99%
23.99%
The standout feature here is the BMO CashBack Business Mastercard's no annual fee combined with high cash back rates on essential business expenses, making it a cost-effective choice for small business owners looking to maximize their rewards without incurring extra costs.
Pros:
- No annual fee
- High cash back on specific categories
Cons:
- Higher interest rates
- Limited cash back categories
- 3%Cash back on restaurant purchases and Costco gas
- 1%Cash back on all other purchases
Earn CA$100 statement credit after spending CA$3,000 or more within 120 days of account opening.
Earn 3% cash back on restaurant purchases and Costco gas.
21.75%
22.49%
This card shines for its high cash back rates on restaurant and Costco gas purchases, making it a top choice for business owners who frequently shop at Costco. The lack of an annual fee with a Costco membership adds to its appeal, providing excellent value for regular Costco shoppers.
Pros:
- No annual fee with Costco membership
- High cash back on restaurant and gas purchases
Cons:
- Requires Costco membership
- Limited to Costco and restaurant purchases for higher rewards
Did you know?
Business credit cards in Canada may require business registration details. Compare fees, insurance perks, and whether personal guarantees apply on this list.
Final Words
As you consider the best business credit cards available this October, remember that each option offers unique benefits tailored to your needs. Take time to compare the features, rewards, and fees of each card to make an informed decision that will support your business's financial goals.
Frequently Asked Questions
The promotional welcome offer for the TD Business Travel Visa* Card provides up to $1,300 in total value.
With the TD Business Travel Visa* Card, you can earn 2 TD Rewards Points for every CA$1 spent on business purchases. Additionally, you earn 0.75% cash back on all other purchases.
You can earn 6X Marriott Bonvoy points for each dollar of eligible purchases at participating Marriott Bonvoy hotels. The reward breakdown includes 6% for hotel stays, 4% for dining, 3% for gas purchases, and 1% for all other purchases.
No, the BMO CashBack Business Mastercard has an annual fee of CA$0, making it an attractive option for small businesses looking to minimize costs.
You can get 10% cash back on gas, office supplies, and recurring cell phone/internet bills for the first 3 months. After that, earn 1.75% cash back at Shell, 1.5% on gas and office supplies, and 0.75% on all other purchases.
Start by assessing your business spending habits and identifying which categories, such as travel or office supplies, you spend the most on. Compare cards based on their rewards structure, annual fees, and benefits to find the best fit for your business.
Eligibility requirements often include being a Canadian resident and having a registered business. Some cards may also require a minimum personal credit score or annual business revenue.
When comparing business credit cards, consider the annual fee, rewards structure, interest rates, and additional benefits such as travel insurance or purchase protection. Evaluating how these factors align with your business needs will help you make an informed choice.
