Your guides to CIBC's credit cards for Canadian businesses

CIBC offers a range of business credit cards designed to suit different types of businesses and spending needs. From personal liability cards for smaller or newer businesses to business liability cards for more established companies, there are options that combine rewards, travel perks and flexible payment terms.

This article explains the main types of CIBC business credit cards and what each offers, while showing how a Wise Business account and card can make international spending simpler with low fees and transparent exchange rates.

What are the types of business credit cards available at CIBC?

Personal liability credit cards

Eligibility: Personal liability cards are based mainly on your personal financial history. They're best for businesses operating for less than three years or with annual revenue under 500,000 CAD¹.

Suited for:

• Sole proprietorships
• Partnerships
• Unincorporated or incorporated associations
• Corporations

Features at a glance

Rewards and benefits:

CIBC Aventura Visa for Business

• Earn Aventura points on travel, gas, transportation, and other purchases.
• Points can be redeemed for flights, hotels, vacation packages, gift cards, or to pay down your credit card balance.
• Points can be pooled with a personal Aventura card for faster redemption.

CIBC Aeroplan Visa Business Card

• Earn Aeroplan points on Air Canada purchases, travel, transportation, dining, and select services.
• Points can be redeemed for flights, hotel stays, gift cards, or merchandise.
• Additional perks include baggage fee savings, lounge access, and faster Aeroplan Elite status.

CIBC bizline Visa Card

• Does not earn points.
• Offers low interest rates on purchases and cash advances, making it ideal for businesses focused on managing cash flow.

CIBC Costco Business Mastercard

• Earn cash back on business purchases:
  • 3% at Costco gas stations and restaurants
  • 2% at Costco.ca, shipping, and insurance services
  • 1% on all other purchases
• Cashback has no maximum and can be redeemed digitally as a Costco cash back gift certificate.

Additional benefits across cards:

• Travel and purchase protection: Trip cancellation/interruption, flight delay, baggage, car rental, purchase security, and common carrier accident insurance (varies by card).
• Extra perks: Skip+ free trials, Visa SavingsEdge, and CIBC CreditSmart expense tracking.
• Fraud protection: Visa Zero Liability Policy, digital dispute platform, and alerts for unusual activity

Business liability credit cards

Eligibility: Business liability cards are mainly based on the financial health and credit profile of your business, and are best for established businesses looking to manage corporate expenses while providing multiple cardholders with controlled access.

Suited for:
Best suited for businesses who have been operating for three or more years and have more than 500,000 CAD in annual revenue¹.

Features at a glance

Rewards and benefits:

CIBC Aventura Visa Card for Business Plus

• Earn Aventura points on:
  • 2 points per $1 spent on eligible travel booked through the CIBC Rewards Centre
  • 1.5 points per $1 on gas, electric vehicle charging, travel, and transportation
  • 1 point per $1 on all other purchases
• Redeem points for flights, hotels, vacation packages, merchandise, gift cards, or pay down your credit card balance.
• Pool points with personal Aventura cards for faster redemption.
• Additional perks include full coverage of airfare taxes with points, CIBC by Expedia booking flexibility, and a 12-month Skip+ free trial.

CIBC Aeroplan Visa Business Plus Card

• Earn Aeroplan points on:
  • 2 points per $1 on Air Canada purchases
  • 1.5 points per $1 on travel, transportation, dining, and services like shipping, internet, cable, and phone
  • 1 point per $1 on all other purchases
• Redeem points for flights, hotels, merchandise, and gift cards.
• Additional perks include free first checked bags for employees, Maple Leaf Lounge guest passes, Avis Preferred Plus upgrades, 4th night free hotel offer, and faster Aeroplan Elite status.
• 12-month Skip+ free trial included.

CIBC Corporate Classic Plus Visa Card

• Does not earn points but provides cost-effective corporate expense management.
• Allows multiple cardholders with low annual fees.
• Offers powerful spend management tools with Visa Spend Clarity for Business, including enhanced spend controls and budget tracking.
• Additional perks include Visa SavingsEdge automatic savings and Avis/Budget car rental discounts.
• 12-month Skip+ free trial included.

Additional benefits across cards:

• Travel and purchase protection: Trip cancellation/interruption, flight delay, baggage, car rental, purchase security, and common carrier accident insurance (varies by card).
• Fraud protection: Visa Zero Liability Policy, fraud alerts, and digital dispute platform for unauthorized transactions.
• Extra perks: Skip+ free trial and enhanced corporate expense tracking.

Spending internationally? Use the Wise Business account

The Wise Business account makes it simple for companies to manage international payments, receive funds and spend in multiple currencies, all without hidden fees.

Trusted by over 700,000 businesses worldwide, Wise moves $22 billion every month⁹, offering fast and secure solutions for modern businesses.

Advantages for international spending include:

Multi-currency features

• Hold money and get paid in multiple currencies including USD, EUR, GBP, and CAD.
• Receive local account details for faster and cheaper payments from international clients.
• Convert money at the mid-market exchange rate, with fees starting from 0.48%¹⁰.

Account benefits

• Accept payments in multiple currencies using invoices, payment links, or card payments.
• Fast international transfers. 70% arrive in 20 seconds and 95% in under 24 hours⁹.
• Make batch payments to up to 1,000 recipients in a single click.
• Volume discounts available for transfers over 20,000 GBP or equivalent.
• Sync your account with accounting software for fast, accurate reporting.
• Set custom spending permissions and manage team access.

Card features for businesses

• Issue physical and virtual debit cards to your team to spend in 150+ countries.
• Spend directly from your multi-currency balances online, in-store, and abroad.
• Withdraw up to 350 CAD per month per account for free. Additional withdrawals cost 1.75% + 1.50 CAD¹⁰.

Wise uses the mid-market exchange rate for all currency conversions, so businesses don't have to worry about paying inflated rates. Most account activities are free, including registering, holding money, and receiving payments in multiple currencies.

International transfers via SWIFT incur only small, transparent fees, and sending money or topping up accounts is charged at a low, clearly disclosed rate, helping businesses save on hidden costs while making global payments straightforward and predictable.

How to apply for a CIBC business credit card

Applying for a CIBC business credit card is straightforward. Follow these steps to ensure your application goes smoothly¹¹:

Step 1: Determine your eligibility
Check which type of card suits your business and your financial history:

Personal liability cards are ideal for sole proprietors or businesses with limited financial history. Credit is based mostly on your personal financial profile.

• Examples include: CIBC Aventura Visa Card for Business, CIBC Aeroplan Visa Business Card, CIBC bizline Visa Card

Business liability cards are best for established businesses with employees. Credit is based on your business's financial history as well as owner information, and debt appears on your business credit report, not your personal one.

• Examples include: CIBC Aventura Visa Card for Business Plus, CIBC Aeroplan Visa Business Plus Card, CIBC Corporate Classic Plus Visa Card

Step 2: Gather your documents
Collect the required personal and business information to support your application:

• Personal identification (driver's license, passport, etc.)
• Canada Revenue Agency (CRA) Business Number (BN)
• Business registration documents (business license, articles of incorporation, etc.)

For a complete list, refer to CIBC's document checklist.

Step 3: Complete the application
The process is similar to applying for any credit card, meaning you can apply quickly and conveniently online.

Conclusion

Choosing the right business credit card or multi-currency account depends on your company's size and financial history, as well as your spending needs. CIBC offers a range of cards to help businesses manage expenses, earn rewards, and access tools for tracking and controlling spending.

For companies operating internationally, the Wise Business account provides a multi-currency account for flexible and low-cost ways to send, receive, hold and spend in 40+ currencies with transparent fees and the mid-market exchange rate.

By understanding your options and preparing the right documents, you can apply with confidence and streamline your financial operations, whether locally or across borders.

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Sources:

1. Business Credit Cards | CIBC
2. CIBC Aventura® Visa* Card for Business
3. CIBC Aeroplan® Visa* Business Card
4. bizline Visa* Card - CIBC Business Banking
5. Apply for the CIBC Costco Business Mastercard
6. CIBC Aventura® Visa* Card for Business Plus
7. CIBC Aeroplan® Visa* Business Plus Card
8. Corporate Classic Plus Visa Card | CIBC Business Banking
9. Wise Business: Grow with the international business account
10. Wise Business Fees & Pricing: Only Pay for What You Use
11. How To Apply For A Business Credit Card | CIBC Business Banking

Sources verified on 22 April 2026