Best business cards 2012 - MoneySense

Best business cards 2012

Entrepreneurs can enjoy huge benefits by running small business expenses through rewards cards. Here are the best cash-back, travel and low-rate cards for your company.

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Walking for a business meeting
Some business owners prefer to use cash-back cards: after all, money is the scorecard for a business, and having a bit of extra cash coming in is good for the bottom line. However, if you travel a lot for your business, a card that offers free flights might be the way to go. If you’re not able to pay off the card each month, focus on a low-rate card to save money on interest. In any case, having a separate card for your business expenses will help simplify your expense tracking.

Top low-rate credit cards with rewards:

1.


BMO
Gold Air Miles MasterCard for Business (low-rate option)
Annual Fee: $169
Current Interest Rate: 12.9%
Card Details: Includes extended warranty, car rental insurance, accident insurance, car rental discounts and a 25% discount on Air Miles redemptions.

2.


BMO
Premium Cashback MasterCard for Business (low-rate option)
Annual Fee:$119
Current Interest Rate: 12.9%
Card Details:Includes roadside assistance, extended warranty and purchase protection.

3.


Desjardins
Business Advantage Visa
Annual Fee: $25
Current Interest Rate: 10%
Card Details Interest rate is prime plus 7%. Includes travel insurance.

4.


RBC
Credit Line for Small Business Visa
Annual Fee: $0
Current Interest Rate: 3.9%
Card Details: This is a line of credit with a credit card attached; interest rate is prime plus 0.9% to 6.9%.

Top cash-back cards:

1.


National Bank
Platinum Business MasterCard
Annual Fee: $125
Current Interest Rate: 19.5%
Card Details: Includes car rental, travel and accident insurance, extended warranty and purchase protection.

2.


BMO
Premium CashBack MasterCard for Business
Annual Fee: $69
Current Interest Rate: 19.5%
Card Details: Includes roadside assistance and extended warranty.

3.


Scotiabank
Visa for Business (Silver)
Annual Fee: $65
Current Interest Rate: n.a.
Card Details: Balance to be paid in full each month.

4.


Desjardins
Business Advantage Visa Card
Annual Fee: $25
Current Interest Rate: 10%
Card Details: Interest rate is prime plus 7%; includes travel insurance.

Top travel cards:

1.


TD
Business Travel VISA
Annual Fee: $149
Current Interest Rate: 19.99%
Card Details:Includes accident and travel insurance.

2.


American Express
Business Gold Rewards
Annual Fee: $180
Current Interest Rate: n.a.
Card Details: Balance must be paid in full each month. Includes travel and car rental insurance.

3.


American Express
Business Platinum
Annual Fee: $399
Current Interest Rate: n.a.
Card Details: Balance must be paid in full each month. Includes travel and car rental insurance.

4.


CIBC
Aerogold VISA for Business
Annual Fee: $180
Current Interest Rate: 12.99%
Card Details: Includes travel and rental car insurance.

Learn how we crunched the numbers for Canada’s Best Credit Cards 2012 by reading our methodology.

Don’t need a business credit card? Check out our Best cash-back cards 2012, Best travel cards 2012Best merchandise cards 2012, Best low-rate cards and Best student cards lists instead.

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