Top Business Credit Cards for Travel in Canada – August 2024
If you’re a Canadian entrepreneur constantly on the move, travel expenses can quickly add up. The right business credit card can turn these costs into valuable rewards and perks, making your travel experience more enjoyable and cost-effective. Here’s a roundup of the best business credit cards for travel in Canada for August 2024.
Why Choose a Travel Credit Card for Your Business?
Choosing the right business credit card for travel isn’t just about earning rewards—it’s about enhancing your business travel experience. Here’s why you should consider a travel-focused card:
- Maximise Rewards: Earn points or cashback on travel expenses, which can be reinvested into your business.
- Exclusive Perks: Enjoy benefits like airport lounge access, travel insurance, and priority boarding.
- Expense Management: Simplify tracking of travel expenses with detailed statements and reports.
With these advantages, you can save on costs while enjoying added benefits during your business trips.
Top Business Credit Cards for Travel in Canada
Here’s a look at some of the best business credit cards for travel available in Canada right now:
1. American Express Business Platinum Card
American Express Business Platinum Card is a top contender for frequent travellers.
- Rewards: Earn 1.5 points per dollar spent on eligible purchases.
- Travel Perks: Access to the American Express Global Lounge Collection, which includes Centurion Lounges and partner lounges worldwide.
- Insurance: Comprehensive travel insurance, including trip cancellation and medical coverage.
- Annual Fee: High, but offset by the substantial rewards and benefits.
Why It’s Great: The extensive lounge access and robust travel insurance make this card a standout choice for business owners who travel internationally.
2. RBC Avion Business Visa Infinite
The RBC Avion Business Visa Infinite offers great value for business travellers.
- Rewards: Earn 1 point per dollar spent on all purchases. Points can be redeemed for travel, merchandise, or gift cards.
- Travel Perks: Complimentary Priority Pass membership for access to over 1,300 airport lounges.
- Insurance: Includes travel emergency medical insurance and trip interruption insurance.
- Annual Fee: Reasonable compared to the benefits offered.
Why It’s Great: Flexible reward redemption options and priority airport lounge access make this card a favourite among business travellers.
3. CIBC Aventura Visa Infinite Business Card
The CIBC Aventura Visa Infinite Business Card is another excellent option.
- Rewards: Earn 1.5 points per dollar spent on travel and dining, and 1 point per dollar on other purchases.
- Travel Perks: Airport lounge access through the Priority Pass program, plus comprehensive travel insurance.
- Insurance: Includes trip cancellation, emergency medical, and rental car insurance.
- Annual Fee: Competitive, given the range of benefits.
Why It’s Great: High earning potential on travel and dining, combined with robust insurance coverage.
4. TD Business Travel Visa Card
The TD Business Travel Visa Card offers practical benefits for frequent travellers.
- Rewards: Earn 1 point per dollar spent on travel and business expenses.
- Travel Perks: Complimentary travel insurance and access to Visa Infinite Luxury Hotel Collection.
- Insurance: Travel medical and trip interruption insurance included.
- Annual Fee: Lower compared to other premium cards.
Why It’s Great: The card’s low annual fee and solid insurance coverage provide good value for money.
5. BMO World Elite Business Mastercard
The BMO World Elite Business Mastercard is designed for global business travellers.
- Rewards: Earn 1.5 points per dollar on travel and dining, and 1 point on all other purchases.
- Travel Perks: Access to Mastercard Airport Experiences by LoungeKey and travel insurance.
- Insurance: Includes travel medical insurance and trip interruption insurance.
- Annual Fee: On par with similar cards, offering a range of valuable benefits.
Why It’s Great: Excellent rewards on travel and dining, plus access to a global network of lounges.
How to Choose the Best Business Credit Card for Travel
When selecting a business credit card for travel, consider the following factors:
- Rewards Rate: Look for cards that offer high points or cashback on travel-related expenses.
- Travel Perks: Evaluate the value of perks like lounge access, priority boarding, and travel insurance.
- Insurance Coverage: Ensure the card offers comprehensive travel insurance to protect your business trips.
- Annual Fee: Compare the annual fee against the benefits and rewards offered.
Choosing the right card can significantly enhance your business travel experience, saving you money and providing valuable perks.
Conclusion
Investing in a business credit card designed for travel can offer substantial benefits, from maximising rewards on travel expenses to enjoying exclusive perks and comprehensive insurance. For August 2024, the American Express Business Platinum Card, RBC Avion Business Visa Infinite, CIBC Aventura Visa Infinite Business Card, TD Business Travel Visa Card, and BMO World Elite Business Mastercard stand out as top choices for Canadian business travellers.
Select a card that aligns with your travel needs and preferences to make the most of your business trips and manage expenses effectively.
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