Business Credit Cards

Avoiding Fees: The Low-Fee Business Credit Cards in Canada You Need to Know About

As a business owner, you know how important it is to manage your finances wisely. One of the most significant expenses you may face is credit card fees. These fees can add up quickly, cutting into your profits and hindering your ability to grow your business. Fortunately, there are low-fee business credit cards available in Canada that can help you avoid these fees. Here are some options you need to know about:

1. BMO CashBack Business Mastercard

The BMO CashBack Business Mastercard is an excellent option for small business owners who want to keep their fees low. With no annual fee and a low-interest rate of 19.99%, this card provides you with 1.5% cashback on all purchases. Additionally, you can earn up to $200 in cashback rewards when you spend $3,000 in the first three months of opening your account.

2. American Express Business Edge Card

The American Express Business Edge Card is another excellent choice for small business owners. With no annual fee and a low interest rate of 19.99%, this card offers you 1 point for every dollar you spend. Additionally, you can earn up to 42,000 bonus points in your first year, which is worth up to $420 in statement credits. Moreover, you can earn double points on eligible purchases you make in the first three months of opening your account.

3. Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card is an ideal option for business owners who want to keep their fees low. With no annual fee and a low-interest rate of 19.95%, this card provides you with 2% cashback on up to three categories of your choice, and 0.5% cashback on all other purchases. Additionally, you can earn up to $250 in cashback rewards when you spend $5,000 in the first three months of opening your account.

4. TD Business Travel Visa Card

The TD Business Travel Visa Card is designed for business owners who travel frequently. With an annual fee of $149 and an interest rate of 19.99%, this card offers you 9 TD points for every dollar you spend on travel purchases. Additionally, you can earn up to 80,000 TD points when you spend $5,000 in the first three months of opening your account. These points are worth up to $400 in travel rewards.

5. Scotia Momentum for Business Visa Card

The Scotia Momentum for Business Visa Card is an excellent option for business owners who want to earn cashback rewards. With no annual fee and an interest rate of 19.99%, this card provides you with 3% cashback on eligible purchases made at gas stations, restaurants, and office supply stores. Additionally, you can earn up to $300 in cashback rewards when you spend $5,000 in the first three months of opening your account.

Conclusion

Choosing the right business credit card can help you manage your finances more efficiently and avoid unnecessary fees. Evaluate your business needs and choose a card that suits your requirements. These low-fee business credit cards in Canada can help you save money and grow your business.