Which is the Best Business Credit Card in Canada?
A payment card, issued by a bank with a pre-decided limit of credit is called a credit card, and everybody is quite aware of this. The card helps people to pay for goods and services when they do not have cash, however, the limit of this card is pre-set. When such a card is being used for business transactions, not for the personal use of any individual, it is known as a business credit card.
The main difference between personal and business credit cards is their way of operation & the limit of spending. There are many credit card companies in Canada but one should decide on the grounds of facility, cashback and the limit they are being offered and choose among the best business credit cards available in Canada. Here are a few cards that can be chosen as a business credit card.
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Business Edge Card of American Express
Among many other business credit cards in Canada, it is one of the best ones. The annual fee of this card is $99 & as a membership reward up to 67,000 can be earned with this card. In case a cardholder spends $5,000 within the first 3 months of membership they can receive 45,000 as a welcome bonus. The card offers points for spending money on purchases, these points can easily be transferred into hotel programs or Avios. There is also a safety protocol that helps the business owner from the misuse of the card. An amount of $100,000, can be received as coverage by each cardholder in case of unauthorized access by employees, and this facility has placed it as the best business credit card in Canada.
The RBC Avion Visa Infinite Business
With a maximum of $175 annual fee, this business card is your best companion for travel and better than many other small business credit cards available in Canada. Travel is an important and inseparable part of the business & getting Avion rewards is surely a big deal for any businessman. The card offers a generous bonus for enrolment. Car rent, gas saving, and control for employment cards are other perks of this card. A credit card holder of RBC Avion can earn a reward point of 1.25 RBC for spending a single dollar through the card up to $75,000. Above that joining reward of 25,000 is a bonus.
Marriott Bonvoy Business American Express
It is an American Express card with many premium offers for business owners, especially for travel & accommodation. Users can get a 50000 bonus for spending $1,500, but the payment has to be made within the first 3 months. This card offers 50,000 as a welcome bonus & 5 points for spending $1 at Marriott Bonvoy hotels using these cards. Other perks of this credit card are a bonus of 3 points for spending $1 on gas & 2 points for spending $1 on other things by using this credit card. Due to its facilities, the card is also called the best cash-back business credit card in Canada. The annual fees of this card are $150 & have the benefit of insurance that includes 7 coverages.
Business Mastercard of BMO With Cash Back
Another best business credit cards in Canada is the BMO cashback card. Unlike many other credit cards, this card does not have any annual fees to pay. The interest rate of this is the same as others i.e., 19.99%. Other features of this card are a cashback offer of 1.5% on gas, cell phone & internet bills, and supplies. For the first 3 months, the rate of interest is increased up to 10%. The card also has a liability program to protect the card from being misused.
