Business credit cards from Canadian banks

What business credit cards can I apply for in Canada?

On our website, you can compare business credit cards and choose the ones that best meet your requirements. For the convenience of our readers, Bankchart.ca analysts have grouped all business credit cards into the following groups:

• Aeroplan business credit cards
• Business credit cards for corporations
• Business credit cards for travel with rewards
• Best Visa, Mastercard business credit cards

Depending on the purpose of issuing a credit card (for travel, for large corporations, etc.), you need to choose the type of card. After that, you will see a list of offers from banks, you will be able to compare the conditions for opening credit cards and submit an online application for issuing a card via the Internet.

Is it easy to get a business credit card in Canada?

The process of obtaining a business credit card can depend on many factors. Therefore, to determine whether it will be difficult to issue a credit card for your business, familiarize yourself with the parameters below.

• Business Finances. The financial condition of the enterprise is the main criterion. After all, banks and financial credit organizations, first of all, evaluate the creditworthiness of a business, which affects the timeliness of loan repayment.
• Business Structure. It's simple here - if you are a sole proprietor, you will most likely be able to use your personal credit history when applying for a business credit card. If your business is created in the form of a corporation, partnership, or other large structure, then the creditworthiness of the company will most likely be checked during the process of issuing a credit card.
• Credit History. A positive personal credit history has a positive effect on the credit card application process. After all, if you repay your loans on time, you have a chance to get a business credit card on more favorable terms (lower interest rates, higher limits, longer terms). In the case of a negative credit history, it is also possible to get a credit card, but with higher interest rates and lower limits.
• List of documents. When issuing business credit cards, banks may require the following documents: company registration documents, financial reports, and tax returns. The list of documents may differ depending on the credit organization.

Thus, entrepreneurs with a good credit history and a good financial condition can easily and quickly issue business credit cards.

How much money can you get on a business credit card?

The maximum amount for a business credit card can vary from several thousand dollars to tens of thousands of dollars and depends on the credit history of the borrower, the financial condition of the company, and the issuer (bank or financial organization).