1.American Express Business Edge Card
American Express
- 3XMembership Rewards points on eligible business essentials
Earn 55,000 MR points upon spending $5,000 in the first three months.
Earn 3X Membership Rewards points on eligible business essentials including office supplies, electronics, dining, and gas.
The American Express Business Edge Card stands out as the top choice because it offers an impressive 3X points on essential business purchases, making it ideal for small business owners looking to maximize their rewards on everyday expenses.
Pros:
- High rewards on business essentials
- Low annual fee
Cons:
- Limited to business expenses
- High spending requirement for bonus
- 10%Cash back on gas, office supplies, and cellphone and internet bill payments for the first 3 months
- 1.5%Cash back on eligible gas and office supply purchases
- 0.75%Cash back on all other purchases
Get 10% cash back on gas, office supplies, and cellphone and internet bill payments for the first 3 billing cycles.
Earn 1.5% cash back on eligible gas and office supply purchases and 0.75% on all other purchases.
What sets the BMO CashBack Business Mastercard apart is its no annual fee and a generous introductory cash back offer, making it an excellent choice for businesses looking to save on costs while earning rewards.
Pros:
- No annual fee
- High initial cash back offer
Cons:
- Limited time cash back offer
- Lower cash back on other purchases
3.Scotiabank Passport Visa Infinite Business Card
Scotiabank
- 1.5%Scene+ points on all eligible business purchases
Earn up to 40,000 bonus Scene+ points along with a first-year annual fee waiver.
Earn 1.5 Scene+ points for every $1 spent on all eligible business purchases.
This card shines for its travel benefits, including no foreign transaction fees and a robust rewards program, making it a top choice for businesses that frequently travel internationally.
Pros:
- No foreign exchange fees
- Comprehensive insurance coverage
Cons:
- High annual fee
- Limited to premium users
- 1.25%Avion points on net purchases
Earn 35,000 welcome Avion points upon approval.
Earn 1.25 Avion points for every $1 spent on net purchases.
A key differentiator is its high earning potential on travel-related expenses, making the RBC Avion Visa Infinite Business Card an excellent option for business owners who prioritize travel rewards.
Pros:
- High value points
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Limited to RBC customers
- 1.5%Aeroplan points on eligible purchases
Earn a welcome bonus of up to 60,000 Aeroplan points.
Earn 1.5 Aeroplan points for every $1 spent on eligible purchases.
The standout feature here is the ability to earn Aeroplan points on all business purchases, making it a great choice for businesses that frequently travel with Air Canada.
Pros:
- Strong Aeroplan rewards
- Travel perks with Air Canada
Cons:
- Annual fee applies
- Limited to Air Canada travel benefits
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 this September, remember that the right choice can significantly impact your financial management and rewards. Take time to compare your options carefully, aligning them with your business needs to make an informed decision that will benefit your company in the long run.
Frequently Asked Questions
Earn 55,000 MR points upon spending $5,000 in the first three months.
Earn 10% cash back on gas, office supplies, and cellphone and internet bill payments for the first 3 billing cycles, followed by 1.5% cash back on eligible gas and office supply purchases and 0.75% on all other purchases.
The card offers a welcome bonus of up to 40,000 bonus Scene+ points along with a first-year annual fee waiver and earns 1.5 Scene+ points for every $1 spent on all eligible business purchases.
Yes, most business credit cards require you to have a registered business. This helps card issuers assess your creditworthiness and spending habits more accurately.
Consider factors like the annual fee, reward structure, welcome bonus, and any additional benefits such as travel perks or insurance. Analyzing your business expenses will help you choose a card that maximizes rewards.
Yes, many business credit cards have annual fees. These can vary widely depending on the card's features, so it's important to weigh the fees against the potential rewards and benefits.
To maximize rewards, use your card for everyday business expenses that align with the card's reward categories. Additionally, take advantage of welcome bonuses by meeting the spending requirements within the specified timeframe.
