16 Best Business Credit Cards in Canada for March 2025

Higher credit limits to cover bigger business purchases. 

Tailored rewards on office supplies, internet services, cell phone bills and other business essentials.

Potential for multiple employee cards with liability protection.

Sole proprietors, freelancers, side-hustlers. 

Small-to-medium businesses. 

Larger corporations with high revenues.

To separate expenses and simplify accounting. A clear line between personal and business spending makes tax deductions (like credit card interest and most fees) much simpler.

To earn valuable perks. A business credit card can also give you access to benefits — like expense tracking tools, higher earn rates on business-related purchases, and discounts on essentials like gas — that are not not commonly offered on personal cards.

To build business credit. Establishing a business credit history could help your business access future loans and higher levels of financing. Even if you have low or no income, certain secured or no-fee cards can jump-start your business credit.

Simplifies accounting and budgets by separating personal and business expenses.

Earns rewards, often at higher rates than most personal cards.

Perks like travel insurance, airport lounge access, expense tracking, and other offerings that provide tangible business benefits.

Can help build business credit for future financing, when used responsibly.

Tax deductions on fees and interest.

Personal creditworthiness can be negatively impacted if you fail to manage your credit card’s balance.

Higher interest rates than traditional loans or lines of credit.

Annual fees can add up, especially if a business uses multiple cards.

Risk of misuse if multiple people have cards.

Interest rates on purchases, balance transfers and cash advances.

Annual fees for primary and additional cards.

Credit limit offered.

Rewards programs — cash back and travel points are common — and earn rates.

Welcome offers and enrollment bonuses (if you can meet spending thresholds).

Perks like travel insurance, access to exclusive deals and business discounts.

Expense management and tracking tools.

Personal credit score. A “good” credit score — 660+ — is often required, especially if your business has limited credit history.

Income and revenue. Some business cards require a minimum annual revenue or personal income level.

Proof of business. Even freelancers and side-hustlers can qualify, but you may need to show documentation that proves your business generates income.

Pick relevant rewards. Earn in categories tailored to your business’s actual spending.

Use multiple cards to earn different kinds of rewards — one for airport perks, another for cash back, for example — but only if you can handle the payments  

Plan around promotional offers: 

Pay more than the minimum each month to limit interest charges.

Take advantage of discounts on gas, car rentals and other business-related expenses.

Track costs — your spending, interest and fees paid — for potential tax deductions.