The Best Small Business Credit Cards in Canada – January 2022

With the Business Platinum Card® from American Express, you earn 1.25 Membership Rewards points for virtually every $1 in purchases. With this great welcome offer, you can earn 80,000 bonus Membership Rewards® points when you spend $6,000 in purchases within the first three months of Cardmembership. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date.

You can use your Membership Rewards points in multiple ways:

• Transfer points to frequent flyer programs (Aeroplan, British Airways Executive Club, Delta Skymiles, etc.)
• Transfer your points to hotel programs (Hilton Honors, Marriott Bonvoy)
• Redeem points for statement credits to offset any eligible purchase charged to your Card (1,000 points = $10)
• And more!

With this Card, you also have advantages for your travels:

• Unlimited access for you and an additional traveller to more than 1,200 airport lounges across 130 countries
• Marriott Bonvoy Gold Elite status
• Access to the Fine Hotels & Resorts program

With this Card you can maximize your cash flow with up to 55 interest free days. Finally, the Business Platinum Card® from American Express comes with premium insurance: Car Rental Theft and Damage, $500,000 Travel Accident, Emergency medical insurance (outside the province or country), Lost or Stolen Baggage, Flight delay insurance and misdirected baggage, Hotel or motel burglary, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.

The American Express Business Edge™ Card is a great credit card for small businesses in Canada. With a low annual fee of only $99, this American Express credit card offers up to 57,000 Membership Rewards points in the first year, a $570 value. You can also transfer your points to airline (Aeroplan, British Airways Executive Club, etc.) and hotel (Marriott Bonvoy, Hilton Honors) partners. Here are the details for the welcome bonus:

• You earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months
• You earn 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card. This could add up to 12,000 points in a year.

With this Card, you can get 3x the points on purchases:

• Office supplies (Staples, etc.)
• Electronic (Apple, Dell, etc.)
• Rides
• Gas
• Eats & Drinks

Besides, you can add up to 99 supplementary cards at no cost.

With the American Express® Business Gold Rewards Card®, you earn 1 Membership Rewards point per dollar on your purchases. With this great welcome offer, you can earn a welcome bonus of 60,000 Membership Rewards® points after spending $5,000 in purchases within the first three months of Cardmembership. Earn an additional 10,000 Membership Rewards® points when you make a purchase after your 14-month Card anniversary date.

With this Card, you can earn 1 point per dollar on all purchases. Plus earn 10,000 bonus points when you charge $20,000 in net purchases to your Card account each calendar quarter. That’s a total of up to 40,000 points every year.

You can then use your points in many ways:

• Statement credit for travel purchases
• Statement credit for all purchases
• Transfer to partner programs (Aeroplan, British Airways Executive Club, Delta Skymiles, Marriott Bonvoy, Hilton Honors, etc.).
• Book your flight with American Express Travel at a special rate

Also, as a cardmember, you get many advantages such as up to 55 interest-free days to maximize your cash flow. Finally, you are covered with reliable insurance for your travels and purchases. Like most American Express Cards, there is no minimum income requirement to apply for this Card.

The BMO World Elite Business Mastercard is one of the best small business travel credit cards in Canada. You can earn up to 70,000 points as a welcome bonus:

• 50,000 points after you spend $5,000 in the first 3 months
• 20,000 points after you spend $35,000 in the first twelve months

Plus, there is no annual fee for the first year! And you’ll get two complimentary airport lounge visits each year.

With BMO World Elite Business Mastercard, you earn 4 points for every dollar you spend on:

• gas
• office supplies
• cell phone/internet payments

And 1.5 points for every dollar spent, including at Costco.

You can use your points for travel purchases on the BMO Rewards website (flights, hotels, car rentals, all-inclusive). Finally, you can combine the points you earn with the other two BMO Rewards cards to save even more on your travel.

With the BMO World Elite Business Mastercard, you get premium insurance:

• Collision Damage Waiver
• Car Rental Personal Effects & Business Property
• Car Rental Accidental Death & Dismemberment
• Baggage & Personal Effects
• Baggage insurance in case of delay
• Trip Cancellation Insurance
• Trip Interruption/Trip Delay
• Departure flight delay insurance
• Common Carrier Insurance

And for your purchases :

• Extended Warranty
• Purchase Protection

The Marriott Bonvoy™ Business American Express® Card is the best credit card for sole-proprietor, professional and small business owners who travel.

For a limited time, you can earn up to 85,000 Marriott Bonvoy points!

Here’s how:

• 70,000 Marriott Bonvoy points after $5,000 in Card purchases in the first 3 months
• 5 points per dollar spent on gas, dining and travel (excluding lodging) for the first 3 months (up to 15,000 points)

It’s a Card we recommend keeping because each year at renewal, you get an Annual Free Night Award (for up to 35,000 points at hotels worldwide) and 15 Elite Night Credits per year, counting towards your Marriott Bonvoy Elite status.

With this Card, you earn 5 points per dollar on all purchases at Marriott Bonvoy properties. And you can earn 3 points per dollar on:

• Gas
• Dining
• travel purchases

And 2 points per dollar on all other purchases.

With this welcome offer for the American Express® Aeroplan®* Business Reserve Card, you can earn up to 90,000 Aeroplan points and an Air Canada Buddy Pass.

Here’s how:

• 30,000 Aeroplan points and a bonus Buddy Pass after $5,000 in Card purchases within the first 3 months
• 5,000 Aeroplan Points per month, after $2,000 in Card purchases per month for the first 12 months, or 60,000 Aeroplan Points

With this Card, you earn 3X the points on purchases made directly with Air Canada and Air Canada Vacations. And 2X the points on hotels and car rentals. Everywhere else, you will earn 1.25X the points.

With this Card, you’ll enjoy Air Canada Travel benefits like access to Air Canada Maple Leaf Lounges, priority check-in, priority boarding and priority baggage handling.

Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights.

And you can get a FREE Uber Pass membership for 12 months.

The BMO AIR MILES World Elite Business Mastercard is great for AIR MILES Collectors who wish to separate their personal and business spending.

You can get a welcome bonus of 3,000 AIR MILES Bonus Miles after $5,000 in card purchases ($310 value). In addition, there is no annual fee for the first year.

You earn 4x the Miles when you use your card at participating AIR MILES Partners. And 1 Mile for every $12 you spend everywhere else, including Costco.

With the BMO AIR MILES World Elite Business Mastercard, you get premium insurance:

• Collision Damage Waiver
• Car Rental Personal Effects & Business Property
• Car Rental Accidental Death & Dismemberment
• Baggage & Personal Effects
• Baggage insurance in case of delay
• Trip Cancellation Insurance
• Trip Interruption/Trip Delay
• Departure flight delay insurance
• Common Carrier Insurance

And for your purchases:

• Extended Warranty
• Purchase Protection

The BMO CashBack® Business Mastercard®* is one of the best Business Mastercard credit cards for cash back in Canada.

You can get 10% cash back for three months on:

• gas
• office supplies
• cell phone/internet payments

After that, you’ll get 1.5% on these purchases and 1.75% at Shell.