Best Business Credit Cards Canada 2025

Compare top Canadian business credit cards for cash back, travel rewards, low interest, and no-fee options — plus the best debit alternative.

Top Business Credit Cards in Canada

Card	Annual Fee	Rewards	Best For
American Express Business Gold	$199	2x MR points on top 2 categories	High spenders, travel
TD Business Travel Visa	$149	9 TD points per $1 on travel	Frequent travelers
RBC Avion Visa Business	$175	1.25 Avion points per $1	Air Canada travelers
Scotiabank Passport Visa Business	$150	1.5 Scene+ points per $1	No FX fee travelers
CIBC Aeroplan Visa Business	$180	1.5 Aeroplan per $1	Air Canada loyalty
BMO CashBack Business Mastercard	$0	1.5% cash back on all	Simple cash back, no fee
KOHO Business (prepaid)	$0	Cash back on purchases	Spending control, no debt

Cash Back vs Travel Points: Which is Better?

For most small business owners, cash back cards deliver more straightforward value. Travel rewards cards have higher headline earn rates but redemptions are complex, points devalue over time, and blackout dates limit usefulness. If you travel regularly for business (4+ trips per year), a premium travel card's perks — lounge access, travel insurance, no foreign exchange fees — can deliver $500–$1,500 in annual value beyond the stated cash back equivalent. If you rarely travel, a flat cash back card is simpler and often yields more real value.

Business Credit Card Tax Benefits

Using a dedicated business credit card simplifies expense tracking enormously. Your monthly statement becomes a near-complete record of business expenses. Key deductions to capture:

• Office supplies and software (100% deductible)
• Business meals (50% deductible — note client and business purpose)
• Travel expenses (100% if solely for business)
• Professional subscriptions and memberships (100% deductible)
• Advertising and marketing spend (100% deductible)

Annual card fees are also a deductible business expense, as are any interest charges on business purchases (though paying in full each month is strongly recommended).

No Foreign Transaction Fee Cards for International Business

If you regularly pay for software subscriptions in USD or travel internationally, a no-FX-fee card saves 2.5% on every foreign currency transaction. The Scotiabank Passport Visa Business and certain Amex Business cards waive this fee. Over $50,000 in foreign spending annually, this saves $1,250 — often exceeding the annual fee.

Alternative: KOHO Business Prepaid Card

KOHO's business account comes with a prepaid Mastercard that works everywhere credit cards are accepted. The key advantage: you spend your own money (no credit risk, no interest), earn cash back, and maintain complete spending visibility. For businesses that want to avoid credit card debt or have directors with limited personal credit history for a business card, KOHO is an excellent solution.

Employee Cards and Expense Management

Most business credit cards allow you to add supplementary employee cards at no or low additional cost ($0–$50/card). Pair employee cards with expense management software (Expensify, Dext, Ramp) to automate receipt capture, enforce spending policies, and eliminate manual expense reports. The productivity gain for businesses with 5+ employees is significant.