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CIBC bizline Visa Card for Business review

Get a high credit limit and pay less interest on the purchases you make with this fee-free business card. 

Pay less on your outstanding balance with interest rates as low as the CIBC prime rate + 1.5%
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Purchase Interest Rate

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Annual Fee

Please note: All information about CIBC bizline Visa Card for Business has been collected independently by Finder and this card is not available through this site.

The CIBC bizline Visa Card for Business is similar to a line of credit that you can instantly access by using your credit card. This card doesn’t offer any rewards but you’ll get a lower interest rate on the purchases you make than you would with a typical card. You’ll also get common carrier insurance and tools to track and manage your business expenses for no annual fee.

30-second take

  • Think about this card if you own a small business and don’t want to pay an annual fee.
  • Choose something else if you would prefer to earn rewards or get comprehensive benefits.
  • The minimum annual income required to qualify for this card is $35,000.

The basics

If you’re looking for a no-frills credit card that functions as a line of credit that you can draw from for daily purchases, then you could benefit from the CIBC bizline Visa Card for Business.

  • No annual fee. Avoid paying an annual fee to keep your account in good standing.
  • Low interest. Pay less on your outstanding balance with interest rates as low as the CIBC prime rate + 1.5%.
  • High credit limit. Access up to $50,000 on your card to help pay for business expenses.
  • Common carrier insurance. Get up to $100,000 in insurance coverage when you travel by plane, ferry, train or bus.

The perks

  • Manage your account. Use CIBC‘s CreditSmart program to help manage, track and organize your credit card activity.
  • Security features. Protect yourself from fraud with special features like instant alerts, encrypted chip-enabled cards and Visa Checkout services.
  • Many additional cards. Order up to nine additional cards on your account.
  • No fee for additional cards. Avoid paying an annual fee to take out additional cards.

What to watch out for

  • No cash back or rewards. You won’t earn any points or cash back when you spend money on your business.
  • Few benefits. This card doesn’t offer purchase protection or extended warranty coverage.

What should I know before I apply

How to apply

  1. Head to the CIBC website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

If you want to pay a decent interest rate on the money you borrow for your business, then you might benefit from the CIBC bizline Visa Card. This card helps you manage and track your business expenses for no annual fee. The downside is that you won’t be able to collect rewards on the money you spend and you’ll get very little in the way of benefits.

Compare other 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
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Earn up to 57,000 Membership Rewards points in your first year. Earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your 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.
American Express Aeroplan Business Reserve Card
16.99%
21.99%
$599
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Earn up to 90,000 Aeroplan points and a bonus Buddy Pass. Plus, apply for an American Express Aeroplan Business Reserve Card by October 1, 2021 and spend at least $10,000 in qualifying net purchases by November 30, 2021 and you’ll earn, step up, or jump start your Aeroplan Elite Status.
BMO Rewards Business Mastercard
14.99%
22.99%
$0 annual fee for the first year ($120 thereafter)
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Get 50,000 points and the $120 annual fee waived in the first year.
BMO Air Miles Business Mastercard
19.99%
22.99%
$120
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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 1,000 AIR MILES Bonus Miles (over $100 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 75,000 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
Earn a Welcome Bonus of up to 105,000 Marriott Bonvoy points. Plus, get 5X the points on eligible gas, dining & travel for the first 6 months. Apply by September 20, 2021.
American Express Business Gold Rewards Card
N/A
N/A
$250
N/A
Earn a Welcome Bonus of 50,000 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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Frequently asked questions about the CIBC bizline Visa Card for Business

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