If you’re looking for the best business credit cards in Canada, you may be a fast-growing global company looking for a higher credit limit and more flexible options. You might deal with:
Requests for never-ending piles of paperwork and meetings in downtown bank offices to increase your business credit limit to avoid shipment and project delays.
Scattered payment data and accounts that make tracking spend, sticking to budgets, and on-time reporting a challenge.
Limited additional physical or virtual corporate card options that force your international team to use personal credit cards and monopolise your finance team’s work schedule every month with reconciliation and expense reimbursements.
Out-of-control FX fees that grow faster than your revenue because you’re constantly converting Canadian dollars into another currency to pay expenses, suppliers, vendors, and contractors.
In this article, you’ll find the best business credit cards in Canada for your specific business needs. Choose the business card category that fits you:
Looking for the best business credit card provider that understands fast-moving Canadian companies? Sign up for a Jeeves account in five minutes. You can get a response in as little as 24 hours and maintain your momentum.
Business credit card options in Canada (Comparison chart)
*This US Business card is only available to current Desjardins Visa Business cardholders
One of the best corporate credit cards in Canada: Jeeves
Since we’re writing the article, we thought it would make sense to start with ourselves.
As a scaling company in Canada, you’ve probably already applied for additional credit to manage the intense pace of your cash flow.
Despite strong revenue and fast growth, you can never qualify for the business credit you need without putting up your cherished personal assets as collateral.
We’ve founded global companies and faced the same payment frustrations of quick growth in multiple global markets.
We designed Jeeves to solve the biggest momentum-killing issues we faced, so you can avoid many of them completely. As an all-in-one credit-backed payment account for your growing international business, here are the benefits of having a Jeeves business credit card in Canada:
A corporate card approval process designed for scaling companies
You need business cards quickly, but many corporate card issuers in Canada expect multiple in-branch visits, a long list of papers, and extreme patience despite healthy financial statements and projections. The credit card application process in Canada doesn’t seem designed for a fast-paced international company like yours.
Instead, your Jeeves application takes five minutes online. We just want proof that you’re a financially healthy company in a position to pay the credit back. You’ll never need to give us years of financial records or a long personal credit history.
The best part of our fast approval process: you could get an answer in as little as 24 hours. Once you’re approved, you can issue virtual cards, order physical cards and send payments immediately.
Physical corporate cards delivered to your team around the world
Your growing global company has employees and contractors in multiple countries (or nowhere near a local bank branch). It’s an unnecessary hassle to send employees downtown to qualify or pick up additional cards.
Jeeves can send corporate expense cards directly to your employees or contractors across the world in 3 to 5 business days in local Canadian dollars or one of these 6 currencies: USD, EUR, GBP, MXN, BRL or COP.
The best part? We can send physical cards to your employees free of charge.
Here’s what Canadian company MedMe Health has to say about Jeeves’ global cards,
No limits on physical and virtual business credit cards
Most corporate card accounts only issue a few unique cards or multiple cards with the same number. This creates additional headaches for your finance team (and more work hours) to track which person paid for products or services in a fast-moving global company.
Jeeves will give you as many physical and virtual cards with unique card numbers as you need. You can set and change spending limits on each card and your accounts payable (AP) team can easily track how much each cardholder has spent and where. Employees can make needed purchases without sharing corporate cards or dipping into their personal finances.
Less tedious admin for your finance team
Your AP team may put in too many hours chasing employees for receipts, sorting out receipts from team members scattered across the globe, or searching credit statements for specific purchases.
Get a user profile with their virtual or physical card.
See their spending limits.
Add receipts and notes to each purchase for the AP team.
This makes it easier for your finance team to track employee spending, reconcile accounts and close books faster every month.
Multi-currency cards to keep your FX fees in check
You’re paying too much in FX fees every month because your customers pay you in US dollars. But you’ve got plenty of invoices to pay in Canadian dollars (and other currencies), which adds 2-5% in FX fees each time. As your business grows, so do your conversion fees.
Instead with Jeeves’ multi-currency option, you can bypass foreign exchange fees by choosing to receive Jeeves cards in the currency you make the most business purchases.
With Jeeves you can choose:
Your line of credit currency.
Your preferred currency to pay your end-of-month bill.
Your global payments data together in one account
At the end of the month, your finance team likely needs twice the time to close the books to organise, reconcile, and download data in scattered accounts in different countries and currencies.
With Jeeves, you can keep your spend data in one centralised location for easier budget visibility, reconciliation, and reporting. Your team can sync your Jeeves account with accounting software and ERP, like NetSuite, SAP, Xero, and QuickBooks to download company-wide purchases at once.
We designed Jeeves for fast-growing SMEs and startups with a minimum monthly revenue of $100,000 or annual revenue of $1 million. These kinds of companies will benefit most from Jeeves’s credit-backed payment platform:
Global companies with team members, suppliers, and vendors in different countries.
Scaling domestic businesses with customer payments in different currencies and countries.
Businesses with high inventory costs that need more cash flow to keep operations running and to take advantage of last-minute opportunities.
Sound like a good fit? Sign up today and you could have a Jeeves credit card for your business operations in Canada in as little as 24 hours.
Best business travel credit card in Canada
1. Jeeves
Your Jeeves corporate cards help you save on your biggest travel expense: foreign transaction and currency conversion fees. You can choose between seven currencies and 25 countries when setting up each Jeeves card account. Each cardholder can also receive free access to 1,300+ airport lounges when they purchase flights with a Jeeves card.
Set up physical or virtual credit cards in the currency for each country you regularly travel to on business. All purchases will appear in your Jeeves account and you’ll pay your monthly invoice in your preferred currency. You’ll also earn cash back that applies directly as additional credit to your statement no matter where you’re spending in the world, without having to transfer points into cash.
Your finance team will find all the data within our connected expense and spend management software easily for fast reconciliation, reporting, and analysis.
Features:
Multi-currency corporate cards in up to 7 different currencies (e.g., set up a USD card for employees travelling to the US) to help save on FX fees
Issue cards across the globe for free– we’ll send physical cards directly to employees and contractors free of charge or you can set up virtual ones in a few clicks
Get 2% cash back for the first 90 days and then 1% afterwards – up to $1000 in monthly rewards
Unlimited cards – every employee or contractor can have as many cards as you want to give them
Track and adjust spending limits for any individual cardholder within seconds in a few clicks
Sign up for a Jeeves account in five minutes and get an answer to your credit application in as little as 24 hours
30-day interest-free credit window
Save $100,000+ in partner perks with companies like Freight.com, Flok, and Safety Wing
Every cardholder can get into 1,300+ airport lounges at no additional cost when they pay for air travel with their Jeeves card
2. TD Business Travel Visa Card
The TD business travel card offers plenty of insurance, perks, and points for purchases, but you’ll need to use specific vendors to maximise your travel rewards.
Features:
$149 annual fee
Canadian dollar corporate card
19.99% interest rate on purchases
22.99% interest rate on cash advances
Supplementary cards are $49
Earn two points per $1 on most eligible purchases
Six to nine points for purchases on ExpediaforTD website, foreign currency, restaurants, and recurring payments
Use points to pay for travel, Amazon, business supplies or equipment or your credit card invoice
Travel insurance including trip cancellation, lost or delayed bags, medical care, emergency assistance, car rentals, and trip delays
Expense management tool allows you to view purchases, statements, credit limit, and control spending
Application requires two years of assessment notices and business financial statements
Online, in-branch, or telephone sign-up
Partner discounts up to 25% with Visa SavingsEdge
Compatible with Google Pay and Apple Pay mobile wallets
Emergency cash advances up to $5,000
3. BMO AIR MILES® World Elite® Business Mastercard®
This BMO business card offers up to 22 additional cards at low annual rates with a generous air mile points rewards program when you shop their preferred partners.
Features:
$149 annual fee
Canadian dollar corporate card
19.99% APR on purchases
22.99% APR on cash advances
21 to 25-day grace period
2.50% currency conversion fee
Additional card fee: $50 (with a maximum of 22 cards)
Airport lounge access fee: $32
Earn 1 mile when you spend $12
Welcome offer 2023: 3,000 air miles with minimum spend of $5,000 in first three months
Travel insurance includes car rentals, delayed or lost bags, trip delays, accidents, and travel cancellations
Partner discounts up to 25% with Mastercard Easy Savings
Business owner and co-owner get five free virtual medical visits with Maple
Get 4X air miles with BMO Air Miles partners
Use air mile points for travel, office supplies, cash, events, or attractions
View cardholders’ spending on computer or app
Compatible with Google Pay and Apple Pay mobile wallet
Download transactions to accounting software like Quicken and QuickBooks
$80,000 to $150,000 minimum income to qualify for this card
Best rewards cards in Canada for CFOs
1. Jeeves
With Jeeves, you’ll get up to 2% cash back for the first 90 days and afterwards 1-1.5% cash back on business purchases. Your Jeeves account also gives you access to partner perks with $100,000+ in discounts at companies like AWS, Notion, and HubSpot.
But the biggest rewards with Jeeves are the time savings for your finance teams so they can prepare the reports you need to help your C-suite make the right decisions and stay on target.
Your Jeeves account includes expense and spend management software that connects to Jeeves corporate cards and integrates with several ERP and accounting tools. This way, your finance team can find the data they need quickly within one platform, so they can reconcile expenses and complete monthly reports on time.
You’ll always have access to accurate spend data in real time, which helps you stick to your quarterly budget.
Here’s what Canadian firm MedStack has to say about Jeeves’ expense management,
Features:
Up to 2% cash back for the first 90 days and then 1% afterwards – up to $1000 in monthly rewards
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
No annual fee
0% APR
30-day interest-free credit window
Choose credit from 7 different currencies when setting up each card (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Your staff can receive a physical corporate card no matter where they’re based
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Create single-use virtual cards for one-off online purchases or dedicated supplier virtual cards for recurring bill payments to help complete your monthly reports on time
Real-time spend data to catch overspending, unauthorised purchases, and fraud as it happens
Streamlined 5-minute credit application with response times in as little as 24 hours
Free expense and spend management software to keep all your spend data in one place for on-time reconciliation and reporting every month
Staff can upload receipts and attach notes to each card purchase they make, so you can stop chasing them for details
Set, raise, and lower spend limits and block spending on individual physical and virtual cards in seconds
Integrate and sync your spend data with popular ERP and accounting programs like SAP, NetSuite, QuickBooks, and Xero
2. American Express® Business Edge™ Card
The American Express Business Edge card has an easy-to-earn points program plus a lower-than-average annual fee. You can get up to 99 additional cards for your team too.
Features:
$99 annual fee.
Canadian-dollar corporate card
19.99% to 23.99% APR on purchases
21.99% to 26.99% APR on cash advances
2.50% currency conversion fee
$0 fee for additional cards (with a maximum of 99 cards)
Earn 3X points when you buy office supplies, electronics, gas, food or drinks.
Use reward points to pay off credit or pay for travel, entertainment, restaurants, or Amazon business purchases
Get 1X points on other eligible purchases
Employee unauthorised purchase protection up to $100,000
Travel insurance for rental cars (up to 48-day rentals)
90-day protection and extended warranty on purchases
3. Business Platinum Card® from American Express
This American Express Platinum card has a high annual fee and plenty of valuable features, like flexible payment options and no pre-set spending limit. You can get a lower-annual-fee card for employees.
Two payment options: due in full or flexible payment
Due in full APR: 30%
Flexible payment APR: 19.99%
2.50% currency conversion fee
28 to 31 day grace period for payment
Welcome bonus 2023: 80,000 rewards bonus points with $6,000 in spending within first three months
Earn 1.25 points per $1 on every eligible purchase
You can qualify for up to 55 interest-free days
Quarterly and annual business expense reports
Up to $100,000 in employee unauthorised purchase protection
Travel insurance coverage, including trip cancellation, medical care, emergency assistance, accidents, lost or delayed bags, car rentals, travel delays, and hotel burglary
90-day protection and extended warranty on purchases
Perks, discounts and upgrades on hotels, travel and car rentals
Access to many airport lounges around the world
Best cash back business credit card Canada
1. Jeeves
Jeeves multi-currency corporate cards offer much more than cash back. You’ll get up to 2% in cash back for 90 days, then 1-1.5%% cash back afterwards – up to $1000 in monthly cash back rewards.
Your real savings will be in FX fees because you can choose your currency with each virtual and physical Jeeves card. This significant saving far outweighs more generous cash back offers with high currency conversion fees of 2 to 5%.
Features:
Up to 2% cash back for the first 90 days and then 1% afterwards – up to $1000 in monthly rewards
No annual fee
0% APR
30-day interest-free credit window
Choose credit from 7 different currencies when setting up each card (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Your staff can receive a physical corporate card no matter where they’re based
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Create single-use virtual cards for one-off online purchases or dedicated supplier virtual cards for recurring bill payments to help complete your monthly reports on time
Real-time spend data to catch overspending, unauthorised purchases, and fraud instantly
Streamlined 5-minute credit application with response times in as little as 24 hours
Free expense and spend management software to keep all your spend data in one place for on-time reconciliation and reporting every month
Staff can upload receipts and attach notes to each card purchase they make, so you can stop chasing them for details
Set, raise, and lower spend limits and block spending on individual physical and virtual cards in seconds
Integrate and sync your spend data with popular ERP and accounting programs like SAP, NetSuite, QuickBooks, and Xero
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
2. Meridian Visa Infinite Business Cash Back Plus Card
With this Meridian Visa business card, you can earn cash on everyday purchases, like gas and utilities.
Features:
$110 annual fee
Welcome offer: no annual fee for first year (includes additional cards)
$49 fee for additional cards
Canadian dollar business credit card
21-day interest-free grace period
19.50% APR on purchases and cash advances
Currency conversion fee: 2.50%
Income requirement: $60,000 to $100,000 in revenue or annual business sales of $500,000
Credit limit: $10,000 to $500,000
Expense and spend management system includes virtual cards, mobile app, expense categories, and receipt upload
Travel insurance includes trip cancellation, delayed or lost bags, accident, mobile device, and car rental
90-day protection and doubled manufacturer’s warranty on purchases
Employee unauthorised purchase protection up to $100,000
Earn 2X to 4X points per $1 on gas, groceries, pharmacy, and utility bills (1X per $1 on other purchases)
Save up to 25% with Visa SavingsEdge partners
3. Scotia Momentum for Business Visa Card
The Scotia business card has a lower-than-average annual fee, plus it gives you cash back on regular purchases like restaurants, office supplies, and subscriptions.
Features:
$79 annual fee
Additional cards for $29 annual fee
Canadian dollar corporate card
19.99% APR on purchases
22.99% APR on cash advances
Credit limit: $500 to $150,000
20-minute credit application
25-day interest-free grace period
3% cash back on purchases like gas, restaurants, office supplies, and recurring payments up to $50,000
Track purchases made by different cardholders on your statement
Travel insurance includes emergency medical care and car rentals
90-day protection and double the manufacturer’s warranty on purchases
Visa SavingsEdge discounts up to 25%
Optional business loan payment protection
Best business credit cards with no annual fee
1. Jeeves
Your Jeeves card doesn’t charge an annual fee and you can get an unlimited number of physical or virtual cards at no additional charge. Get additional savings with our multi-currency cards and completely bypass currency conversion fees (2% to 5%).
Our free expense and spend management software keeps all your purchase data in one place, no matter which currency or country. Your finance team can find every precise and accurate detail they need to close out each month – a huge time savings.
Features:
No annual fee
0% APR
30-day fee-free credit window
Choose credit cards in 7 different currencies (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Issue staff no-annual-fee physical corporate cards no matter where they’re based – we’ll mail them free of charge across the world
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Create recurring-use, single-use or single supplier virtual cards to help complete your monthly reports on time
See real-time expense data to catch overspending, unauthorised purchases, and fraud on the spot
Free spend and expense management software to keep your spend data in one place for on-time reconciliation and reporting every month
Filter and download reports based on filtered data, including date range, employee, country, and more
Have staff upload receipts and attach notes to each card purchase they make, so you can stop chasing them for details
Set, raise, and lower spending limits and block spending on individual physical and virtual cards in seconds
Integrate and sync your spend data with popular ERP and accounting programs like SAP, NetSuite, QuickBooks, and Xero
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
2. CIBC bizline® Visa Card for Business
This CIBC business card’s low-interest rate, no annual fee, and low minimum income requirement make it attractive to businesses looking to keep costs down.
Features:
No annual fee
Canadian dollar business credit card
Get up to 9 additional cards with no annual fee
Variable APR for purchases and cash advances (current prime rate + 1.5%)
Change spending limits on individual cards with a phone call
Minimum personal income requirement: $35,000
Categorised monthly spending reports
Compatible with Google Pay, Apple Pay, and Samsung Pay mobile wallets
Up to 25% savings with Visa SavingsEdge partners
Travel accident insurance up to $100,000
3. BMO® AIR MILES® No-Fee Business® Mastercard®
With this BMO business card, you get some nice perks and rewards for a no-fee card. If you use Shell gas stations, you’ll earn extra points.
Features:
No annual fee
Canadian dollar business credit card
19.99% APR on purchases
22.99% APR on cash advances
Get up to 22 additional cards with no annual fee
Protection against employees’ unauthorised purchases
Up to 25% of automatic rebates on eligible MasterCard Easy Savings partners
Online employee card management
Compatible with Google Pay and Apple Pay mobile wallets
90-day protection and extended warranty on purchases
Mobile app or computer access
Use Air Mile points for cash, travel, office supplies, events, and attractions
Best credit cards for Canadian SMEs
1. Jeeves
We designed the Jeeves card as a cash-flow credit card for small and medium-sized enterprises (SMEs) looking to expand into multiple global markets. With Jeeves, you’ll not only get a small business credit card, but access to a full suite of financial tools for high-speed cash-flow management, such as Jeeves Pay, our automated B2B payment solution, and free expense and spend management software.
You can pay your suppliers, vendors, and contractors on time before customer payments settle in your accounts. We’ll help you stay on your suppliers’ good-customer list and keep your on-time invoice payment perks.
Your finance team will spend far less time chasing team members for receipts or searching for and matching purchases, so they can focus on what matters most.
7 different currencies available (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Create recurring-use, single-use or single-supplier virtual cards to help complete your monthly reports on time
Get 2% cash back for 90 days and then 1% afterwards – up to $1000 in monthly rewards
Free expense and spend management software to catch overspending, unauthorised purchases, and fraud as they happen
Streamlined credit application with response times in as little as 24 hours
Issue staff physical corporate cards no matter where they’re based
Free spend and expense management software to keep all your spend data in one place for on-time reconciliation and reporting every month
Get up-to-date expense details on date range, employee, country, and many other filters
Staff can upload receipts and attach notes to each card purchase they make, so you can stop chasing them for details
Set up, raise, and lower spending limits and block spending on individual physical and virtual cards in seconds
Sync your spend data with popular ERP and accounting programs like SAP, NetSuite, QuickBooks, and Xero
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
30-day fee-free credit window
Jeeves’ eligibility requirements for SMEs: Businesses with a monthly revenue of $100k or an annual revenue of $1m.
2. Scotia Momentum for Business Visa Card
This Scotia Visa card can help you earn cash back on regular purchases for a low annual fee – especially for additional cards for the team.
Features:
$79 annual fee
Additional cards for $29 annual fee
Canadian dollar business credit card
19.99% APR on purchases
22.99% APR on cash advances
Credit limit: $500 to $150,000
20-minute credit application
25-day interest-free grace period
3% cash back on purchases like gas, restaurants, office supplies, and recurring payments up to $50,000
Track purchases made by different cardholders on your statement
Travel insurance includes emergency medical care and car rentals
90-day protection and double the manufacturer’s warranty on purchases
Visa SavingsEdge discounts up to 25%
Optional business loan payment protection
Scotia’s eligibility requirements for SMEs: Small business owners and medium-sized companies registered in Canada, including sole proprietors, partnerships, corporations and non profits. Branch visits may be required.
3. Scotiabank Passport Visa Infinite Business Card
This Scotia business card has a higher annual fee, but it comes with no currency conversion fees and lower annual fees for extra cards.
Features:
$199 annual fee
$0 for the second card. $50 annual fee for additional cards
19.99% APR on purchases
22.99% APR on cash advances
Credit limit: $10,000 to $150,000
20-minute credit application
No currency conversion fees
Six access passes to airport lounges around the world at no charge
90-day protection and doubled manufacturer’s warranty on purchases
Expense and spend management system includes virtual cards, mobile app, expense categories, and receipt upload
Save up to 25% with Visa SavingsEdge partners
Travel insurance includes emergency medical care, travel delays, trip cancellation, lost or delayed bags, accidents, hotel burglary, and car rentals
Employee unauthorised purchase protection
Optional business loan payment protection
Scotia’s eligibility requirements for SMEs: Small business owners and medium-sized companies registered in Canada, including sole proprietors, partnerships, corporations and non profits. Branch visits may be required.
Best corporate credit cards for large businesses in Canada
1. Jeeves
Your Jeeves account and corporate cards will save your finance team a significant amount of time with a centralised account for all global purchases. They’ll find accurate and precise purchase details to speed up reconciliation and monthly reports.
Your employees can stop paying from their personal accounts with Jeeves’s unlimited physical and virtual cards. We’ll mail physical cards directly to the team members you choose for free. You can create virtual cards instantly in a choice of seven currencies for single or multiple-use.
You’ll also save big with no annual fees and reduced FX costs. Instead of converting your Canadian dollars to US dollars every month to pay vendors, you can set up a US dollar virtual card just for one vendor or multiple US vendors to streamline your accounting and save on conversion fees.
Features:
No annual fee
0% APR
Choose from 7 different currencies (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Issue staff physical corporate cards no matter where they’re based
Create recurring-use, single-use or single supplier virtual cards to improve your spend management and complete your monthly reports on time
Streamlined 5-minute application with response times in as little as 24 hours
Free expense and spend management software to keep all your data in one place for on-time reconciliation and reporting every month
Get real-time expense details on date range, employee, country, and many other filters to catch overspending, unauthorised purchases, and fraud as it happens
Have staffupload receipts and attach notes to each card purchase they make, so you can stop chasing them for details
Set, raise, and lower spending limits and block spending on individual physical and virtual cards in seconds
Get 2% cash back in your first 90 days on all spending, then 1.5% on certain vendors like Meta, Google, and Amazon, and 1% cash back on all other purchases
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
30-day fee-free credit window
Sync your spend data with integrated ERP and accounting programs, like SAP, NetSuite, QuickBooks, and Xero
Jeeves’ eligibility requirements for large businesses and enterprises: A monthly revenue of $100k or an annual revenue of $1m.
2. American Express® Business Edge™ Card
This American Express card charges you for the first card, but gives you up to 99 extra cards with no annual fee.
Features:
$99 annual fee
Canadian-dollar corporate card
19.99% to 23.99% APR on purchases
21.99% to 26.99% APR on cash advances
2.50% currency conversion fee
$0 fee for supplementary cards (with a maximum of 99 cards)
Earn 3X points when you buy office supplies, electronics, gas, food or drinks
Use membership reward points to pay off statement credit or pay for travel, entertainment, restaurants, or Amazon purchases
Get 1X points on other eligible purchases
Employee unauthorised purchase protection up to $100,000
Travel insurance for rental cars (up to 48-day rentals)
90-day protection and extended warranty on purchases
Amex’s eligibility requirements for large businesses and enterprises: Business owners must be the age of majority, with Canadian residency and a credit file in Canada. Further requirements may apply.
3. Business Platinum Card® from American Express
The Business Platinum Card has a higher annual fee, but gives you more payment flexibility, no pre-set spending limit, and many other perks.
Two payment options: due in full or flexible payment
Due in full APR: 30%
Flexible payment APR: 19.99%
2.50% currency conversion fee
28 to 31 day grace period for payment
Earn 1.25 points per $1 on every eligible purchase
You can qualify for up to 55 interest-free days
Quarterly and annual business expense reports
Up to $100,000 in employee unauthorised purchase protection
Travel insurance including trip cancellation, medical care, emergency assistance, accidents, lost or delayed bags, car rentals, travel delays, and hotel burglary
90-day protection and extended warranty on purchases
Perks, discounts and upgrades on hotels, travel and car rentals
Access to many airport lounges around the world
Amex’s eligibility requirements for large businesses and enterprises: Business owners must be the age of majority, with Canadian residency and a credit file in Canada. Further requirements may apply.
Best US Dollar credit card for Canadian businesses
1. Jeeves
With a Jeeves card, you get much more than a basic US dollar business credit card. You get a choice of seven currencies (USD, CAD, EUR, GBP, MXN, BRL, or COP) when setting up your physical or virtual cards – and an unlimited number of cards at no additional charge.
If you get many customer payments in a foreign currency like US dollars, you can set up your credit repayment in US dollars to avoid even more currency conversion fees.
One of our Canadian clients has their payroll in Canadian dollars, but most of their non-payroll expenses and their revenue is in USD. Before Jeeves, they were using a CAD bank card to spend 500k+ per month, then they paid foreign exchange fees just to bring their money back to Canada to pay down their CAD card. They were also incurring foreign exchange fees on each USD expense made on their Canadian dollar card.
When they started using Jeeves, our client adopted a USD dollar billing cycle to help them save money and avoid FX fees on their US purchases. They also saved time thanks to Jeeves because they now issue cards to 70+ employees who all have a clear expense limits and policies, which they didn’t have before.
Features:
Choose credit in USD or 6 other currencies (CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees.
No annual fee
0% APR
Issue staff physical corporate cards no matter where they’re based - we mail cards free of charge
Create recurring-use, single-use or single supplier virtual cards to improve spend management and complete your monthly reports on time
Streamlined credit application with response timesin as little as 24 hours
Free global spend and expense management software to keep all your spend data in one place for on-time reconciliation and reporting every month
Integrate and sync your spend data with popular ERP and accounting programslike SAP, NetSuite, QuickBooks, and Xero
Get real-time expense details you can filter for date range, employee, country, and more
Free access to 1,300+ airport lounges for every cardholder at no additional cost when they pay for air travel with their Jeeves card
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
30-day interest-free credit window
2. Desjardins Visa US Business card
The Desjardins US dollar card has a low annual fee for Canadian businesses plus plenty of travel insurance.
Features:
$30 annual fee
19.4% APR
Currency conversion fee: 2.5% (for non-US dollar funds)
US dollar business credit card for Canadian businesses
Travel insurance includes travel delays, medical emergencies, travel assistance, legal support, translation services, stolen or damaged bags, car rentals, and accidents
In-person application
3. RBC Commercial US Dollar Visa Card
The RBC US dollar card includes virtual cards for your Canadian business for a low annual fee.
Features
$60 annual fee
US dollar corporate card for Canadian businesses
19.99% APR on purchases
22.99% APR on cash advances
21-day grace period
2.50% currency conversion fee (for non-US dollar funds)
90-day protection and doubled manufacturer’s warranty on purchases
Protection against employees’ unauthorised purchases up to $100,000
Expense management tool includes spending limit management, reports, and virtual cards
Best big bank corporate card alternatives in Canada
1. Float Card
With the Float card, you can choose between US or Canadian dollar pre-paid cards. Float also offers credit in Canadian dollars.
Features:
$0 or $99 monthly fee
Self-funded prepaid corporate cards
4 to 5 day application processing
5-minute application
US and Canadian dollar cards available
5 or unlimited physical cards (depends on plan)
Unlimited virtual cards
Integrates with Xero, QuickBooks, or NetSuite (depending on plan)
30-day unsecured credit available in Canadian dollars only
1% cash back
Partner discounts up to $175,000
Expense and spend management tool
2. Jeeves
If you’re looking for an alternative to big bank credit cards, we understand your frustrations (it’s what motivated us to create Jeeves).
Your Jeeves account and business credit cards are best for high-growth global companies looking to remove the hassle from international business payments. We like transparent fees, real savings, and perks that matter.
We’ll give you the tools to pay your suppliers and vendors on time and keep your cash flow safe. You’ll never need to hand over piles of paperwork or sit in meetings to get credit approval – and we’ll send your physical cards directly to your team wherever they are.
For example, one of our clients is a Canadian TV production company with employees located all over the world, from Japan and Southeast Asia to Western Europe. They wanted to provide their employees with physical corporate cards, but couldn't find a bank that would send cards overseas.
With Jeeves, they finally onboarded their global production crew with ease because we sent their cards free of charge across the world where other providers couldn’t.
Features:
Digital application – no branch visits or physical appointments necessary
Streamlined 5-minute online application with response times in as little as 24 hours
Issue and automatically send physical cards to staff (arrival in 3 to 5 business days) – we mail cards for free
Issue virtual cards from day one - have them ready for immediate use
Choose credit from 7 different currencies when setting up each card (USD, CAD, EUR, GBP, MXN, BRL, or COP) to save on FX fees
Receive credit in your preferred currency and pay your Jeeves invoice in a different one to avoid additional conversion fees
Free spend and expense management software to have your spend data in one place for on-time reconciliation and monthly reporting
See real-time data to catch overspending, unauthorised purchases, and fraud as it happens
Integration and daily sync with NetSuite, SAP, Xero, and QuickBooks
Get 2% cashback for 90 days then 1% cash back afterwards (you can earn up to $1000 in cash rewards per month)
Save over $100,000 on popular online services like Slack, HubSpot, Notion, and AWS
No annual fee
0% APR
3. Loop
Loop offers a choice of four currencies for its corporate cards, no annual or monthly fee, and a larger credit-repayment window.
Features:
No annual or monthly fee
2 physical cards and unlimited virtual cards
Multi-currency corporate cards (EUR, US, GB, CA)
0.4% to 0.5% currency conversion fee
10-minute application
55-day credit window
Personal guarantee for businesses with less than $10 million in gross profit
Typical credit limit: $50,000
Earn 1 point per $1, €1, or £1 (and redeem for gift cards)
Bypass the usual obstacles in Canada and beyond with Jeeves
We hope you found our summary of the best business credit cards in Canada useful.
Remember, instead of multiple credit accounts that slow down your finance team, you could have clear budget and cash flow visibility with a centralised global payment platform like Jeeves. You’ll get:
The true amount of credit your international business can handle without handing over stacks of financial statements and reports or unnecessary meetings.
A global spend and expense management system that frees your finance team from the usual reporting hassles, so they can do more important work.
Unlimited multi-currency corporate cards and B2B payments that let your staff pay for necessary expenses while you remain in total control of spending and FX fees.
At Jeeves we’re here to help remove the roadblocks slowing your worldwide payments and cash flow, so you’re free to act when the timing is right. Get started today and sign up to Jeeves.
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