Business

Best Business Credit Cards in Canada

Colin Young

16.12.25

Read time 7 minutes

A business credit card comes in handy for just about any business in Canada, and it’s not only useful for rewards but also for managing cash flow and making essential purchases. Perhaps you’re a freelancer looking for a no-fee card, a growing business aiming to maximize travel rewards, or a corporation seeking to streamline expense tracking. Either way, the right credit card can support your financial goals.

In this guide, we’ll explore the best corporate credit cards in Canada, outline their key features, and provide an alternative way for businesses to save money and simplify international payments.

Discover Wise Business: Simplify Your Cross-Border Finances
Wise makes it easier to manage your business finances. You can manage everything from one app, there are no monthly fees, and international payments use the mid-market rate. It also integrates smoothly with accounting software to keep your operations running efficiently.
Find out more about Wise Business

Table of contents
Best Corporate Credit Card: Quick Overview Best Corporate Credit Cards in Canada: Top 5 1. BMO CashBack Business Mastercard 2. RBC Avion Visa Business 3. Amex Business Gold Rewards Card 4. TD Business Cash Back Visa Card 5.Wise Business (Complementary Option) Time to Pick a Card FAQs

Best Corporate Credit Card: Quick Overview

Provider	Annual Fee	Great for
BMO CashBack Business Mastercard	$0¹	Simple, no-fee cashback option
RBC Avion Visa Business	$120²	Flexible travel rewards & insurance coverage
Amex Business Gold Rewards Card	$199³	Premium perks & expense management
TD Business Cash Back Visa Card	$0 - No annual fee⁴	Earn 2% cash back on eligible gas and office supply purchases.
Wise Business (International transfers at mid-market rate)	$0 - No monthly or annual fee⁵	Businesses that make or receive international payments. Any business that wants an online-only account with strong business tools and features

Best Corporate Credit Cards in Canada: Top 5

To help you make a sound decision, we’ve pulled together the top five business credit cards in Canada that can help your money go a little further.

1. BMO CashBack Business Mastercard

If you’re looking for a no-fee option, the BMO CashBack Business Mastercard delivers. With no annual fee and straightforward cashback, it’s a great starter card for small businesses or freelancers who don’t want to commit to higher fees.

Cardholders earn 1.75% cashback on eligible purchases at Shell, plus 1% cashback on office supplies, recurring bills, and cellphone services¹. While the rewards aren’t as high as premium cards, the zero-fee structure makes it an accessible, low-risk choice.

Great for: Startups, freelancers, or small businesses looking for a cost-effective entry point.

Key features:

No annual fee
1.75% cashback at Shell, 1.5% on office supplies, recurring bills, and phone services
Employee cards available¹

Account pros: No annual fee, earn up to 1.75% cashback at Shell stations, 1.5% on gas, office supplies, and recurring bills.¹

Account cons: Cashback rates on everyday purchases (dining or groceries) are modest (around 0.75%), and benefits and insurance are limited.¹

Account fees: No annual fees.

Trustpilot rating: 1.4/5 (based on 1,095 users)⁶

2. RBC Avion Visa Business

This RBC business credit card is well-known among entrepreneurs who value travel flexibility. One of its biggest draws is the RBC Rewards program, which lets you redeem points for flights, hotels, and merchandise, or even use them to pay down your balance. For businesses that need to move employees around frequently, this is a good option.

But this card isn’t only good for travel perks. It also includes a suite of business tools, like expense management reports and the ability to assign employee cards with individual spending limits. This can make tracking departmental budgets much easier. Plus, the included insurance benefits, such as travel emergency medical, trip interruption, and auto rental coverage, can save a business thousands in unexpected expenses.

Great for: Companies that frequently send staff on the road or want to use business spending to cover annual trips. If your business spends heavily on travel, this card’s redemption flexibility makes it stand out.

Key features:

Earn 1 Avion point per $1 spent
Welcome bonus: 35,000 Avion points
Pool points across business and personal accounts
Travel insurance, purchase security, extended warranty²

Account pros: Flexible redemption, strong protection suite, rewards pooling

Account cons: Higher annual fee, higher interest rates

Account fees: $120 primary, $50 additional card²

Tustpilot rating: 1.3/5 (based on 254 users)⁷

3. Amex Business Gold Rewards Card

The Amex Business Gold Rewards Card is designed for companies that want more than just rewards and are looking for premium perks and help with expense management. With detailed spending reports, you can analyze business expenses across categories and track employee card usage easily.

Instead of cashback, you’ll earn Membership Rewards points, which can be redeemed for travel, gift cards, statement credits, or transferred to airline and hotel loyalty programs. The flexibility makes it attractive for businesses that value rewards but also want premium account services.

Great for: Businesses that want premium perks and advanced expense tracking.

Key features:

Earn 1 point per $1 spent, with bonus categories
Transfer points to travel loyalty programs
Expense reporting tools for business owners
Up to 55 interest-free days³

Account pros: High welcome bonus, valuable perks such as business statement credits, strong expense management tools, and controls.

Account cons: High annual fee, complex membership program, must hit a high minimum spending threshold for welcome bonus.

Account fees: Annual fee of $199³

Trustpilot rating: 1.4/5 (based on 4,848 users)⁸

4. TD Business Cash Back Visa Card

The TD Business Cash Back Visa Card is a great choice for Canadian businesses that want to earn simple, straightforward cashback without getting tangled in travel rewards programs. It’s designed to support everyday business spending, like supplies and gas, and helps streamline expense tracking with optional employee cards.

This card is a good pick for small business owners, entrepreneurs, or incorporated professionals who prefer cash rewards over points. With no annual fee and built-in expense management tools, it offers real value without complexity.

Great for: Small businesses looking for a no-fee credit card that earns cash back on daily business purchases.

Key features:

Earn 2% cash back on eligible gas and office supply purchases.
Earn 0.5% cash back on all other purchases.
No annual fee for primary cardholders.
Optional employee cards available
Fraud protection and Zero liability coverage for peace of mind.⁴

Account pros: No annual fee, simple cash back structure, helps separate business and personal expenses, additional employee cards.

Account cons: Lower base cash back rate (0.5%), limited perks compared to premium cards, no travel rewards or premium insurance benefits.⁴

Account fees: $0 annual fees, 19.99% purchase interest rate, 22.99% cash advances (may vary).⁴

Trustpilot rating: 1.4 / 5 (based on 2,713 users)⁹

5.Wise Business (Complementary Option)

While not a credit card, Wise Business offers a debit card and multi-currency account that can solve many of the same challenges business credit cards are used for, especially when it comes to managing international expenses. With Wise Business, Canadian businesses can issue cards to employees, control spending, and pay for purchases abroad at the real mid-market exchange rate (the same rate you see on Google or XE.com) plus a small, transparent fee.

This makes Wise a cost-effective solution for businesses that regularly deal with international suppliers, overseas contractors, or employee travel expenses, helping save hundreds or even thousands of dollars per year in unnecessary FX markups.

Great for: Transparent and cost-effective international payments, employee expense management, and accounting integrations.

Key features:

Pay and get paid at the real mid-market rate with a low, upfront fee.
Hold, send, and receive funds in 40+ currencies, including USD, EUR, GBP, and more.
Access local bank account details in multiple countries (e.g., US account and routing number, UK sort code) to get paid like a local.
Integrates with QuickBooks, Xero, and other accounting software, making bookkeeping easier.
Issue business debit cards for spending abroad or online at low-cost FX rates.

Account pros: Transparent pricing, ability to issue employee debit cards, easy integration, ability to manage multiple currencies in one account, and global reach for both receiving and sending payments.

Account cons: Not a credit product. No rewards, but strong savings on FX and international transfers.

Account fees: No account fee. Only pay the small, transparent transfer fee.

Trustpilot rating: 4.3/5 (based on 268,437 users)¹⁰

Time to Pick a Card

The best business credit card in Canada depends on your company’s priorities - whether that’s travel rewards, cashback, or low fees. RBC, CIBC, and TD all offer strong options suited to different spending habits. But for businesses that operate internationally, a credit card alone isn’t enough. By pairing your preferred business credit card with Wise Business, you can save on foreign payments, improve transparency, and keep your business finances running smoothly.

Save Time and Money On Overseas Payments With Wise Business

Wise Business can help you save big time on international payments. Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.

Use Wise Business >>

Some key features of Wise Business include:

Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Business Debit Card: Invite your employees to order a debit card for free, and pre-set their spending limit. Add them to your Business account with controlled access and track their spending in one place.
Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: Canada based businesses can open an account for free. Learn more about fees here

FAQs

What makes a good corporate credit card for businesses in Canada?

A good business credit card balances low fees, rewards value, interest rates, and operational tools like expense tracking or multi-user controls. Some businesses may prioritize rewards (travel or Aeroplan), while others value low ongoing cost or lending flexibility.

How do you apply for a business credit card?

For small business applications, you generally need a registered business (incorporated or sole proprietorship), a business number (BN) or provincial registration, and, in some cases, personal credit information. Financial statements and revenue information may be required for bigger corporate programs.

What’s the difference between business credit cards and lines of credit?

Business credit cards are ideal for everyday expenses, offer rewards, and have easier application processes. Business lines of credit typically come with lower interest rates and higher limits, making them better suited for major purchases or cash flow smoothing.

What are the typical fees involved?

Most cards charge an annual (or monthly) fee, purchase and cash advance interest rates, and some offer welcome bonuses. Wise Business provides a fee-free, transparent alternative for international payments, making it a strong complement to these business credit cards.

Sources:

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.