Best Credit Cards For Business Canada

Running a successful business in Canada requires an efficient way to manage finances and expenses. That's where the right credit card comes in handy! But with so many options available, how do you choose the best one for your business? Look no further - we’ve got you covered with the ultimate guide on the best business credit cards in Canada, featuring the top benefits and rewards that can help your company grow.

Why Do You Need a Business Credit Card?

First and foremost, let’s understand the significance of a business credit card for your company. A business credit card offers the following benefits:

- Financial management: Keep track of expenses separately and manage your business’ finances more efficiently.

- Build credit: Establish a positive credit history for your business, which can lead to better loan options and lower interest rates in the future.

- Cashflow: Utilize a line of credit to help fund business operations and keep things running smoothly.

- Rewards and perks: Get rewarded for spending on essential business expenses with cashback, points, or travel rewards which can help save money.

Flik Eco's Top Picks for Best Business Credit Cards in Canada

Now that you understand the importance of having a business credit card, let's dive into the best options available to suit your needs:

1. American Express Business Gold Rewards Card

• Generous welcome bonus - 30,000 Membership Rewards points after spending $5,000 in the first three months.
• Earn 1 point for every dollar spent, with double points when used with select merchants.
• Flexible redemption options, including travel, statement credits, gift cards, and merchandise.
• Extensive suite of insurance coverage, including travel and purchase protection

2. BMO AIR MILES World Elite Mastercard for Business

• Impressive welcome bonus - up to 3,000 AIR MILES upon meeting spending criteria.
• Earn 1 AIR MILE per every $10 spent at participating merchants.
• Exclusive 15% discount on AIR MILES flights within North America.
• Comprehensive travel insurance including medical, trip cancellation, and more.

3. Scotiabank Momentum for Business Visa

• Strong cashback rewards - 3% cashback on gas, dining, and office supplies purchases.
• 1% cashback on all other purchases, with no limit to the amount you can earn.
• Employee card options at no additional cost, to help streamline expense tracking.
• Dedicated business banking support, so you can expect excellent customer service.

Best Credit Cards For Business Canada Example:

Imagine you own a small retail business and you frequently buy inventory, office supplies, and pay for staff meals. You decide to go for the Scotiabank Momentum for Business Visa, which offers attractive cashback rewards. If you spend about $2,000 monthly on gas, dining, and office supplies purchases, you would earn $720 in cashback rewards per year. This amount can be reinvested in your business, giving you more room for growth and expansion.

Choosing the best business credit card in Canada can be a game-changer for your company by providing you with financial support and additional perks. Don't miss out on optimizing your company's growth – explore more guides on personal finance, credit cards, savings, mortgages, and more at Flik Eco. Share this article with your fellow business owners, so they don't miss out on these incredible offers for Canadian businesses. Together, let's make Canada a hub for thriving and successful ventures.