Compare business credit cards for startups

Many business credit cards offer helpful benefits for startups.

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Running a startup is never easy. You’re juggling multiple priorities at any given moment — including, of course, your startups finances.

A business credit card can be your best friend for covering last minutes expenses. There are plenty of cards on the market catering to small businesses, so compare the annual fees, benefits and rewards to find the best card for your spending needs and financial situation.

*How we chose the best business credit cards for startups

We’ve chosen the cards on this page based on the providers available through Finder. These cards are not representative of the entire market. Our top business cards for startups offer a high value of rewards or cash back, added perks particularly beneficial to startups like access to business tools and complimentary insurance, and a signup bonus. We’ve also considered annual fees and any optional balance transfer offers.

No single business card will be the best choice for everyone, so compare your options before picking your new card.

Best for no annual fee: American Express AIR MILES Gold Business Card

American Express AIR MILES Gold Business Card

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If you’re looking for a $0 annual fee card that still offers great features, the American Express AIR MILES Gold Business Card could be right for you. Earn 1 AIR MILE for every $15 spent on eligible purchases at AIR MILES Sponsors, and earn 1 AIR MILE for every $20 spent on eligible purchases elsewhere Earn 2x the AIR MILES when you shop at participating AIR MILES Sponsors across Canada and pay with your American Express AIR MILES Gold Business Card and show your AIR MILES Collector Card.

Pay $0 to add supplementary cards onto your account for employees. Plus, enjoy a range of free business tools including Management Expense Reports and the ability to track employee spending online. Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months

Best for cash back: BMO Cashback Business Mastercard

BMO Cashback Business Mastercard

With an appealing signup bonus and a $0 annual fee, the BMO Cashback Business Mastercard can be a great choice if you’re looking to minimize expenses. Get 1.75% cash back at Shell gas stations across Canada, 1.5% cash back on purchases at other gas stations, office supply stores and for cell phone and internet payments and get 0.75% cash back on all other purchases.

New cardholders get 6% cash back on these purchases for 4 months (up to a maximum of $125 in cash back rewards). Offer ends October 31, 2020. Get extra cards for employees, free insurance protection on eligible purchases, discounts on popular shows and more. Plus, this credit card can be used at Costco locations across Canada.

Best for limiting debt: American Express Business Gold Rewards Card

American Express Business Gold Rewards Card

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Although the American Express Business Gold Rewards Card has an annual fee of $250, it comes with a range of valuable benefits for business owners including purchase protection, travel benefits, Employee Card Misuse Protection and rewards points on all business purchases. Be aware that this is a charge card not a regular credit card, which means you must repay the balance in full each month or a 30% interest rate will apply.

Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere Your credit limit grows if you make payments on time and maintain a good credit history.

Best for intro APR and accelerated rewards: BMO Rewards Business Mastercard

BMO Rewards Business Mastercard

The BMO Rewards Business Mastercard lets you save money and pay down credit card debt faster with a low purchase interest rate of just 14.99% (22.99% for cash advances).

This card also lets you earn BMO Rewards points on everyday purchases – points can be redeemed for travel and merchandise. Earn 1.5 BMO Rewards points for every $1 you spend, plus earn an additional 1.5 BMO Rewards points for every $1 you spend on gas, office supplies, cell phone bills and internet bills (for a total of 3 BMO Rewards points in these categories).

How to compare business credit cards for startups

To choose the best business credit card for your startup, compare these features:

  • Charge card vs credit card. You’ll need to decide whether a credit card or a charge card is right for your business. A charge card can be a handy way to keep out of debt, since you’ll need to pay off the balance in full each month, but a credit card can be helpful when you need extra time to cover the balance in full.
  • Unsecured, secured or prepaid card. There are plenty of unsecured business credit cards on the market that offer strong perks and rewards. If you have no or low credit however, a secured or prepaid card may be all that you’re eligible for. These two types of business cards aren’t typically listed online, so you’ll need to contact a provider to find out if they offer secured and prepaid business cards.
  • Annual fee. When cash is tight, you might not want the expense of an annual fee. There are a couple of no annual fee business cards on the market, though you’ll earn more powerful rewards with cards that charge an annual fee.
  • Signup bonus. If you anticipate lots of purchases in the next few months, you could breeze past the spending requirement for a card’s signup bonus.
  • APRs. Interest rates are important, especially if you think you’ll be carrying a balance from month to month. Few business credit cards have low APRs, so your choices may be limited.
  • Rewards. A card with strong rewards can pay for itself. If your card has tiered rewards, check that your startup has significant expenses in the right categories. If your expenses are spread evenly throughout many categories, you might get more out of a flat-rate rewards card.
  • Interest-free period. Planning on carrying a balance between billing cycles? A longer interest-free period can come in handy and help you hold onto your money for a little bit longer.
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Compare business credit cards for fair credit scores

Your startup business faces unique challenges, which some credit cards can address more effectively than others. Before applying for a small business credit card, compare your options to find the best credit card for your needs. Consider rewards points, cash back, purchase and cash advance APRs and an annual fee you can afford when comparing cards. Plus, don’t forget to compare both charge cards and credit cards – this can be a great way to narrow down cards and find the right one for your business’ cash flow needs.

If you have no or poor credit, you may prefer to apply for a secured or prepaid business card. Your choices are limited, but a couple of providers offer these types of business cards if you reach out directly to them and inquire.

If you’d like to compare a wider range of small business cards, visit our comprehensive guide to business credit cards.

Compare business credit cards

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Welcome Offer
American Express Business Edge Card
19.99%
21.99%
$99
N/A
Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
BMO Rewards Business Mastercard
14.99%
22.99%
$0 annual fee for the first year ($120 thereafter)
N/A
Get up to $470 in value in your first year. Get 50,000 BMO Rewards points when you spend $5,000 in the first three months. Plus, the primary cardholder will get the first year $120 annual fee waived.
BMO Air Miles Business Mastercard
19.99%
22.99%
$120
N/A
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
BMO Cashback Business Mastercard
19.99%
22.99%
$0
N/A
Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months.
BMO Air Miles No-Fee Business Mastercard
19.99%
22.99%
$0
N/A
Get 1,150 AIR MILES Bonus Miles ($120 towards your purchases with AIR MILES Cash).
American Express AIR MILES for Business Card
N/A
N/A
$180
N/A
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
Business Platinum Card from American Express
N/A
N/A
$499
N/A
Earn a Welcome Bonus of 35,000 Membership Rewards points when you charge $7,000 in purchases to your card in your first three months of Cardmembership.
Marriott Bonvoy Business American Express Card
19.99%
21.99%
$150
N/A
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership. Terms apply
American Express Business Gold Rewards Card
N/A
N/A
$250
N/A
Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months
American Express AIR MILES Gold Business Card
19.99%
21.99%
$0
N/A
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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