Best business credit cards in Canada, 2026.

How business credit cards work.

When you use a business credit card, your card provider pays the merchant and extends a line of credit to your business. You could have an interest-free period, usually between 44 and 55 days, to repay the balance. If you don’t repay the full amount by the due date, interest is charged on the remaining balance.

Business credit cards often include helpful features to simplify spending, reporting, and access to expense management tools, such as:

However, it’s essential to manage repayments carefully to avoid unnecessary debt. This can help to ensure your company maintains a good credit history and avoids business credit card liability.

Keep in mind that business credit cards may require an individual, often the business owner, to be personally responsible if payments aren’t made, even if the charges were made by employees.

What to look for in a business credit card.

Finding the right card means knowing which features work best for your business needs. Here are some key factors to consider when comparing your options:

Interest Rates and Annual Fees

If you think you might carry a balance, look for a card with a low or competitive interest rate. Some providers offer low introductory rates on new cards and balance transfers, which can be useful when managing large early expenses.

Annual fees can range widely. Some cards waive the fee in the first year, while premium cards may charge $300 or more. Higher fees often come with better rewards, travel perks, or extra services, so it’s worth weighing the cost against the benefits.

Credit Limit

Choose a card with a credit limit that fits your business purchases and typical monthly needs. Some cards increase your limit over time, based on your payment history and business credit score. A higher limit can help if you have big recurring expenses or multiple team members using the card.

Rewards and Frequent Flyer Programs

Select a rewards program that aligns with your everyday business spending. Many cards offer:

If you or your staff travel often, look for cards that let you earn travel points across multiple cardholders and redeem them for flights, hotels, or upgrades.

Expense Tracking Tools

Cards that connect with accounting software can help save time and reduce admin. Look for features like:

These tools make it easier to manage cash flow and prepare for tax time.

Multi-User Access

If you have more than one person making purchases, choose a card that allows additional cardholders. Many providers let you issue separate credit cards to multiple users under one account, with tools to:

This kind of control helps keep business spending organised and under control.

Comparing the best business credit cards in Canada.

Now that we’ve covered the key features to look for, let’s take a closer look at some of the most popular and highly rated business credit cards currently available in Canada. Each card offers something unique, from low interest rates to premium perks or valuable rewards.

1. American Express Business Edge Card ¹

This card is ideal for small business owners seeking strong rewards on business purchases and other everyday spending. It offers high earn rates on common business expenses and flexible redemption options.

Features & Rewards:

Interest Rates & Fees:

This card suits small businesses looking to maximize rewards on everyday business expenses while keeping annual fees low.

2. BMO Ascend World Elite Business Mastercard ²

Designed for businesses that want to earn flexible rewards and enjoy travel perks, this card offers high earn rates on key business categories.

Features & Rewards:

Interest Rates & Fees:

This card is appealing for businesses with significant spending on gas, office supplies, and telecommunications, offering strong rewards and travel benefits.

3. RBC Avion Visa Infinite Business ³

For businesses seeking premium travel rewards and comprehensive insurance coverage, this card provides valuable Avion points and exclusive perks.

Features & Rewards:

Interest Rates & Fees:

This card is appealing for Qantas Business Rewards members or companies that want to maximise travel value. With the bonus points offer and built-in travel perks, it adds convenience and potential savings for travelling teams.

4. Scotiabank Passport Visa Infinite Business Card ⁴

Ideal for businesses with international expenses, this card offers no foreign transaction fees and robust travel benefits.

Features & Rewards:

Interest Rates & Fees:

This card is a strong choice for businesses with frequent international transactions and travel needs.

5. CIBC Aventura Visa Card for Business ⁵

This card offers flexible travel rewards and a comprehensive insurance package, making it suitable for businesses with diverse spending habits.

Features & Rewards:

Interest Rates & Fees:

This card is well-suited for businesses seeking a versatile rewards program and comprehensive travel benefits.

6. OFX Corporate Card ⁶

The OFX Corporate Card is built for businesses managing international expenses. Unlike traditional credit cards, it draws directly from the OFX Global Business Account, helping you stay on budget without interest charges or debt.

Features & Rewards

Pricing & Fees:

This card is ideal for companies managing employees expenses globally, combining automated spend management, cost savings on international transactions and cashback rewards on everyday business spend.

Which business credit card should you choose?

With so many features, fees, and rewards to consider, the best business credit card for your company will depend on your size, goals, and how you spend.

From low-rate cards with flexible control options to premium cards with travel points and airport lounge access, Canadian banks offer a range of options to suit different business types.

Take the time to weigh up the benefits of each card and choose the one that aligns with your company’s day-to-day needs and long-term plans.

The benefits of business credit cards.

Business credit cards do more than cover purchases. Used wisely, they can support cash flow, simplify expense management, and offer valuable rewards for everyday business expenses.

Whether you’re running a new startup or scaling a growing business, a credit card can offer several practical advantages. Here are some of the key benefits:

1. Strengthen and Smooth Out Cash Flow

Business credit cards give you fast access to funds, which can help maintain purchasing power during cash flow gaps. From supplier payments to equipment purchases or unplanned costs, a credit card can help keep your operations running while you manage your incoming payments.

2. Make Use of Interest-Free Periods

Most business credit cards offer between 44 and 55 days interest-free on purchases. This grace period lets you delay payments without paying interest, giving you more breathing room to reinvest or manage short-term expenses. Just make sure to pay off the balance in full before the due date.

3. Gain Clear Visibility on Spending

Credit card statements give you a full view of your spending each month. This helps you monitor expenses, spot trends, and stay on budget. It also makes tax time and financial reporting easier, especially when paired with accounting software.

4. Set Spending Limits on Business Purchases

Many business credit cards allow you to issue extra cards to team members. You can assign limits, track purchases, and reduce the need for petty cash. This gives staff the freedom to manage costs while keeping spending under control.

5. Earn Rewards That Benefit Your Business

From travel points to cashback or discounts, most cards offer rewards on everyday business expenses and other eligible purchases. These perks can be used to reinvest in the business, fund future trips, or save on recurring costs. The best programs match how and where your business spends.

However, some business credit cards cap the amount you can spend in one transaction, which can make it difficult to cover larger expenses. American Express is often preferred by businesses with heavier costs because of its higher limits.

6. Simplify Accounting and Reconciliation

Business credit cards often connect with platforms like Xero, QuickBooks, or Wave. This means your transactions can sync automatically, saving time and improving accuracy with less manual input.

In short, a business credit card can be more than a payment method. It can become a useful tool for managing day-to-day operations, improving efficiency, and supporting smarter financial decisions.

Business credit cards vs business debit cards.

Business credit cards offer flexibility and rewards, but they aren’t always the best choice in every situation. Business debit cards provide a different kind of control and may suit businesses that want to avoid debt, manage business and personal accounts separately, and stick to strict budgets.

Unlike credit cards, which let you borrow money and repay it later, debit cards draw funds directly from your business account. You can only spend what’s already there, which helps reduce the chance of overspending or carrying a balance with high interest.

Should you use a business credit card or a debit card?

It depends on how your business operates and what your goals are. Both card types have clear advantages.

Use a business credit card when:

Use a business debit card when:

Used together, they can help you:

Pairing a business credit card with a debit card gives you the best of both: rewards and reach for large purchases, plus control and clarity for everyday operations.

The OFX Corporate Card.

At OFX, our Corporate Card is similar to a corporate credit card in who it’s designed for and features available, however unlike typical credit cards, it draws from available funds in your OFX Global Business Account which helps you stay on budget while avoiding debt.

It’s ideal for managing team expenses, setting clear limits, and tracking spend in real time. Plus, with features like virtual cards, built-in approvals and accounting integrations, it gives finance teams better visibility and oversight on spend.

If your business operates across borders, foreign transaction fees and currency conversion costs can quickly eat into your profits. The OFX Corporate Card helps you manage international spending with more control and fewer fees.

And it gets better. With OFX Corporate Cards get instant cashback rewards. Earn 1% unlimited cashback on everyday spend. So while your team stays productive, your bottom line benefits as well.

With the OFX Corporate Card, you can:

When paired with a traditional business credit card, the OFX Corporate Card gives your business the best of both: flexibility for larger purchases and smarter daily spending control.

To find out how OFX can support your international operations, take a virtual tour and book a free demo today.