Choosing the right business credit card can meaningfully reduce your costs, accelerate your rewards, and simplify your expense management. But with more than a dozen strong options across Canadian banks, American Express, and fintech providers, the choice is far from simple.
This guide compares every major business credit card available to Canadian businesses in 2026 — from the premium Amex Business Platinum to no-fee fintech cards from Float and Loop. All fee, rate, and reward data below has been verified against official issuer sources as of April 2026.
Master Comparison Table: All Major Canadian Business Credit Cards
Use this table to quickly identify which cards match your priorities before diving into the full breakdown below.
| Card | Annual Fee | Purchase APR | Key Reward | Best For |
|---|---|---|---|---|
| Amex Business Platinum | $799 | 21.99% (FPO) | 1.25x MR on all purchases | High-spend businesses, frequent travelers |
| Amex Aeroplan Business Reserve | $599 | 21.99% (FPO) | 3x/2x/1.25x Aeroplan points | Air Canada loyalists, corporate travel |
| Amex Business Gold Rewards | $199 | 21.99% (FPO) | 1x MR + quarterly bonuses up to 40,000 pts/yr | Mid-size businesses with $20K+ quarterly spend |
| Scotiabank Passport Visa Infinite Business | $199 (yr 1 waived) | 20.99% | 1.5x Scene+ on all; no FX fees | Businesses with international spending |
| RBC Avion Visa Infinite Business | $175 | 19.99% | 1.25x Avion on all (up to $75K/yr) | Flexible rewards, strong insurance coverage |
| Marriott Bonvoy Business Amex | $150 | 21.99% | 5x/3x/2x Bonvoy points | Frequent hotel stays, Marriott loyalists |
| TD Business Travel Visa | $149 (yr 1 waived) | 19.99% | 9x/6x/2x TD Rewards | Businesses booking travel via Expedia |
| CIBC Aeroplan Visa Business | $180 (yr 1 waived) | As low as 12.99% | 2x/1.5x/1x Aeroplan points | Air Canada travel, low-interest financing |
| Amex Business Edge | $99 | 21.99% | 3x MR on business essentials | Small businesses with high everyday spend |
| BMO CashBack Business Mastercard | $0 | 20.99% | 1.5% cash back on gas, office supplies, telecom | Cash-back simplicity at no annual cost |
| Float Corporate Card | $0 (subscription model) | N/A (charge card) | 1% cash back on qualifying spend | Tech-forward companies, no personal guarantee |
| Loop Global Visa Card | $0 (subscription model) | 30% | 1–2 pts/$1; no FX fees on CAD/USD/EUR/GBP | Businesses with multi-currency, global spending |
Premium Travel Cards: Maximum Perks for High Spenders
Business Platinum Card from American Express ($799/year)
The Amex Business Platinum is Canada's most feature-rich business card — and its most expensive. At $799 per year, the card targets businesses with substantial monthly spending and frequent international travel. The welcome offer is up to 120,000 Membership Rewards points (80,000 after spending $15,000 in the first 3 months, plus 40,000 more in months 15–17).
The flat 1.25x Membership Rewards earn rate on all purchases simplifies accounting: every dollar spent earns at the same rate regardless of category. Where the card truly shines is its suite of travel benefits. Cardholders access 1,400+ airport lounges in 140 countries through the American Express Global Lounge Collection, including Centurion Lounges and Plaza Premium Lounges. Annual statement credits totalling approximately $1,060 — including $200 in travel credit, $120 in wireless credits, $200 at Dell, and $300 at Indeed — substantially offset the headline fee for businesses that use them.
Additional insurance is comprehensive: $5,000,000 emergency medical (under 65, first 15 days), $1,500/person trip cancellation, and up to $1,500 per mobile device. The 2.5% foreign transaction fee applies, so international purchasers should pair this card with a no-FX card for foreign spending.
American Express Aeroplan Business Reserve Card ($599/year)
For businesses whose travel revolves around Air Canada, the Aeroplan Business Reserve delivers a premier experience. The tiered earn rate — 3x on Air Canada purchases, 2x on eligible hotels and car rentals, 1.25x on everything else — is complemented by unlimited access to Air Canada Maple Leaf Lounges in North America (cardholder plus one guest). The welcome offer reaches up to 90,000 Aeroplan points (65,000 after $10,500 in first 3 months; 25,000 more at month 13).
Air Canada operational benefits are extensive: free checked bags for the cardholder and up to 8 companions, Zone 2 priority boarding, and priority baggage handling. After spending $25,000 on the card in a year, cardholders earn an Annual Worldwide Companion Pass from $99. For businesses that fly Air Canada regularly, the Aeroplan Reserve can deliver exceptional value — but its fee is significant, and businesses without regular Air Canada travel would be better served by a more flexible card.
Mid-Tier Cards: Strong Rewards at Moderate Fees
Scotiabank Passport Visa Infinite Business Card ($199/year)
The Scotiabank Passport stands out from the field for one critical reason: it charges zero foreign transaction fees, while virtually every other Canadian business card applies a 2.5% FX surcharge. For businesses with significant international purchasing — importing goods, paying overseas contractors, or booking international hotels — this feature alone can outweigh the $199 annual fee.
The flat 1.5x Scene+ earn rate applies to all eligible purchases with no category restrictions. The card includes 6 complimentary lounge visits per year through the Visa Airport Companion Program (access to 1,200+ lounges) and Visa Spend Clarity for Business expense management, which integrates with QuickBooks, Sage, and Xero. The first-year annual fee is waived for accounts opened between February 2 and April 30, 2026.
RBC Avion Visa Infinite Business Card ($175/year)
The RBC Avion earns 1.25 Avion points per $1 on all purchases up to $75,000 per year, then 1 point per $1 thereafter. The welcome offer is 45,000 Avion points upon approval (offer valid until May 18, 2026). A standout feature is the robust insurance suite: $5,000/person trip interruption, up to $2,000 mobile device insurance (covering theft, loss, accidental damage, and mechanical failure for 2 years), and up to $2,500 hotel/motel burglary coverage.
RBC's Visa Spend Clarity for Business allows expense reporting, card controls, and receipt capture. The Petro-Canada integration saves 3¢/litre instantly, and a complimentary 12-month DashPass subscription adds further value for businesses ordering food deliveries.
Amex Business Gold Rewards Card ($199/year)
The Business Gold earns 1x Membership Rewards point on all purchases, with a quarterly bonus structure: spend $20,000 in any calendar quarter and earn 10,000 bonus points — up to 40,000 bonus points per year. This makes the card especially valuable for businesses with relatively even but high quarterly spending. The welcome offer is 40,000 points after spending $7,500 in the first 3 months.
MR points transfer to Air Canada Aeroplan at 1:1, British Airways at 1:1, Marriott Bonvoy at 1:1.2, and several other airline and hotel programs, offering strong flexibility. Current limited-time credits include up to $100 at Dell and $120 at Instacart.
TD Business Travel Visa Card ($149/year)
The TD Business Travel card carries one of the highest welcome offers on this list: up to 200,000 TD Rewards Points in the first year (first year annual fee waived). The earn rate is category-driven: 9 points per $1 on travel booked through ExpediaForTD.com, 6 points per $1 on dining, transit, EV charging, streaming, recurring bills, and foreign currency purchases, and 2 points per $1 on everything else. Businesses that channel significant travel through Expedia for TD will find exceptional value here.
CIBC Aeroplan Visa Business Card ($180/year)
The CIBC Aeroplan's most distinctive feature is its interest rate structure: unlike every other rewards card on this list, its purchase APR starts as low as 12.99% (rates are 12.99%, 15.99%, or 18.99% based on creditworthiness). For businesses that occasionally carry a balance, this can be material. The earn rate is 2x Aeroplan points on Air Canada purchases, 1.5x on travel, transport, dining, shipping, internet, and phone, and 1x on everything else. The first-year fee is rebated.
Entry-Level and Niche Cards
Amex Business Edge Card ($99/year)
For small businesses with concentrated spending on gas, office supplies, restaurants, transit, and digital services, the Amex Business Edge earns 3x Membership Rewards points on these categories (up to 75,000 points per year) and 1x on everything else. The welcome offer can reach up to 67,000 points in the first year when spending milestones are met. At $99, it offers a low-cost entry point into the Amex MR ecosystem.
Marriott Bonvoy Business Amex Card ($150/year)
The Marriott Bonvoy Business earns 5x Bonvoy points at Marriott properties, 3x on gas, dining, and travel, and 2x everywhere else. An annual free night award (up to 35,000 points in value) provides immediate tangible value, and 15 Elite Night Credits per year accelerate status. For businesses with regular hotel stays at Marriott, Sheraton, Westin, and other Bonvoy brands, this card delivers strong hotel-specific returns.
No-Fee Business Cards
BMO CashBack Business Mastercard ($0/year)
The only $0 annual fee bank-issued business card on this list earns 1.5% cash back on gas, office supplies, and cellphone/internet bills (up to $1,000 per category per statement cycle) and 0.75% on all other purchases. Up to 22 additional employee cards are included free. A 0% introductory balance transfer rate for 9 months (3% transfer fee) adds flexibility for businesses managing cash flow.
Float Corporate Card ($0 card fee)
Float operates on a subscription model rather than a traditional annual card fee. The Essential plan is free and includes up to 20 physical cards. Float functions as a charge card with up to $1M in unsecured 30-day credit (no personal guarantee). The 1% cash back on qualifying spend and a minimal 0.25% FX markup (compared to the 2.5% industry standard) make it a standout for tech-forward companies. High-yield accounts at up to 4% on held funds add further return. Full accounting integration with QuickBooks, Xero, and NetSuite is included.
Loop Global Visa Card ($0 card fee)
Loop is Canada's first SME-focused multi-currency corporate credit card, supporting zero FX fees on CAD, USD, EUR, and GBP transactions. This is the core value proposition: businesses importing from the US and Europe, paying overseas freelancers, or booking international travel in foreign currencies pay no markup on those transactions. The Basic plan is free and earns 1 Loop point per $1 (redeemable for gift cards at Amazon, Apple, Uber, and others).
How to Choose the Right Card for Your Business
- High spend, frequent travel: Amex Business Platinum ($799) — the ~$1,060 in annual credits and 1,400+ lounge access justify the premium for the right spender.
- Air Canada loyalty: Amex Aeroplan Business Reserve ($599) or CIBC Aeroplan Visa Business ($180).
- International purchasing: Scotiabank Passport Visa Infinite Business ($199) or Loop Global Visa ($0) — both eliminate FX fees entirely.
- Cash back simplicity at no cost: BMO CashBack Business Mastercard ($0).
- No personal guarantee, modern controls: Float Corporate Card or Loop Global Visa.
- Best hotel rewards: Marriott Bonvoy Business Amex ($150).
- Flexible points + modest fee: Amex Business Edge ($99) for category spenders; Amex Business Gold ($199) for high quarterly spend.
Every business has a different spending profile. The best card is the one that aligns with where your dollars actually go, not just the one with the longest list of perks. Use the comparison table above to shortlist two or three options and then run your actual monthly spend through each card's earn rates before applying.
Data Verification: All card details, fees, and reward structures in this article were verified against official issuer websites as of April 2026. We conduct routine data checks to ensure accuracy. Card terms and offers can change at any time — always confirm current details directly with the card issuer before applying.
For more business resources and local guides across Markham and Richmond Hill, visit MarkhamBusiness.com.