CIBC offers a wide range of business credit cards that have different features suited to different types of businesses. Whether it’s a business credit card that offers multiple rewards, low-interest rates, or no annual fee, CIBC offers some of the best business credit cards in Canada.

Many businesses struggle to find the right credit card to meet all their needs; however, CIBC has plenty of business credit card options to suit a business’s requirements. Below we have outlined the 5 best CIBC business credit cards in Canada in 2022.

5 Best CIBC Business Credit Cards for Canada in 2022

CIBC has a credit card option for a wide range of business owners. They offer travel perks, cash back rewards, or the flexibility of no annual fees or low interest.

With competitive interest rates and rewards programs that can help businesses reinvest, there’s no doubt why CIBC is considered to have the best business credit cards in Canada. Here are 5 of the best CIBC credit cards for your business in 2022.

1. CIBC Aventura Visa Card for Business – best for business owners who frequently travel with different airlines

The CIBC Aventura Visa Card for Business is the number one choice for business owners who want to make the best of their purchases to use on travel. This business credit card comes with  the flexibility of choosing an annual fee and interest rate that works best for each business.

CIBC Aventura Visa Card

Annual fee: $120 or $180
Interest rate: 12.99% to 19.99% for purchases/14.50% to 21.99% on cash advances.
Additional cards: $50 each for up to 9 additional cards†Conditions Apply.

Earning Aventura points

The CIBC Aventura Visa Card for Business offers 2 points for every dollar spent on travel purchased through the CIBC Rewards Center; 1.5 points for every dollar spent on gas, travel (car rentals, cruise lines, hotels, airlines, travel agencies, and more); and transportation (cabs, truck rentals, ferry, etc.) and 1 point for every $1 spent on every other purchase. 

This CIBC business credit card’s welcome offer provides over $1,150 in value. Credit card holders earn 25,000 Aventura Points with their first purchase, and 35,000 points if they spend over $35,000 in the first year. There is also the added bonus of a one-time annual rebate of $120 for the primary cardholder and three authorized users.

Who is the CIBC Aventura Visa Card for Business best for?

The CIBC Aventura Visa Card for Business is best for business owners who travel often, want the flexibility of using the Aventura points with any airline, and ability to choose the best interest rate and annual fee for their business.

2. CIBC Aeroplan Visa Business Card – best for businesses that frequently travel with Air Canada

The CIBC Aeroplan Visa Business Card is a great option to earn Aeroplan points faster so a business can use them on travel sooner. For every dollar spent with Air Canada, 2 points are earned, which means the more spent through Air Canada, the more points received.

Plus, this CIBC business credit card will come with one of three interest rates stated below that will be determined when the business applies for the business credit card. 

CIBC Aeroplan Visa Business Card

Annual fee: $180 – with a first-year rebate.
Interest rate: 12.99%, 15.99%, or 18.99% for purchases/14.50%, 17.5% or 21.5% on cash advances.
Additional cards: $50 each for up to 9 additional cards†Conditions Apply.

Earning Aeroplan points

The CIBC Aeroplan Visa Business Card offers:

  • 1.5 points for every dollar spent on travel (hotels, cruise lines, car rentals, etc.), transportation, dining, internet, cable, phone, and shipping
  • 2x the Aeroplan Points at select Aeroplan partners and over 170 online retailers
  • 1 point for every $1 spent on all other purchases.

This CIBC business credit card’s welcome offer provides up to $1,900 in value. Credit card holders earn 10,000 Aeroplan points with their first purchase, 20,000 points when they spend $3,000 or more during the first four months, and 30,000 points if they spend $35,000 or more during the first year.

Cardholders are also eligible to receive a one-time rebate of $180 for the annual fee and a rebate for three authorized users ($50 each).

Who is the CIBC Aeroplan Visa Business Card best for?

The CIBC Aeroplan Visa Business Card is best for businesses that often travel with Air Canada. This CIBC business credit card includes

  • Free checked baggage for the cardholder and up to eight travel companions whenever flying with Air Canada
  • Four complimentary Maple Leaf Lounge One-Time Guest Passes per year
  • The option to earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for each $5,000 spent on eligible purchases. 

3. CIBC bizline Visa Card – Best for new businesses just starting out

The CIBC bizline Visa Card is the best credit card for new businesses who are seeking a CIBC business credit card with the lowest annual fees and interest rates

This CIBC business credit card is ideal for businesses that are just starting out or struggling to get approved for a card because of household income or credit score issues.

In addition, business owners must have a household income as low as $35,000, and purchases and cash advances are charged at the same interest rate.

CIBC bizline Visa Card

Annual fee: $0
Interest rate: 1.5% for purchases/1.5% on cash advances.
Additional cards: $0 for up to 9 additional cards†Conditions Apply.

Earning benefits

The CIBC bizline Visa Card does not offer reward points or cashback.

However, the business credit card comes with noteworthy benefits that include discounts of up to 25% at participating Avis and Budget locations worldwide, up to $100,000 in Common Carrier Accident Insurance, and access to the popular CIBC CreditSmart budgeting tool. 

Who is the CIBC bizline Visa Card best for?

This CIBC business credit card is best for new businesses with limited cash flow, business track record, and credit history and score. 

4. The CIBC Corporate Classic Plus Visa Card – best for new and small businesses

The CIBC Corporate Classic Plus Visa Card is a great choice for new businesses who need the flexibility of a business credit card and don’t want to pay a high annual fee. 

Annual fee: $20 each for up to 15 cards
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $20 each for up to 15 cards†Conditions Apply.

Earning benefits

The CIBC Corporate Classic Plus Visa Card doesn’t offer traditional reward points or cashback but does have some noteworthy benefits. The CIBC business credit card has a low annual fee, allows up to 15 additional cards at only $20 each.

Furthermore, it also has these business benefits:

  • Access to powerful reporting tools to help manage business expenses
  • Employee spend controls
  • Offers up to 25% off at Budget and Avis locations around the world
  • Save up to $350 on your first Amazon Business or Amazon Business Prime purchase with your card
  • $100,000 in Common Carrier Accident insurance.

Who is the CIBC Corporate Classic Plus Visa Card best for?

This CIBC business credit card is best for new or smaller businesses who want to primarily keep their annual fee low and have the flexibility having a business credit card provides. 

5. CIBC Aeroplan Visa Business Plus Card – best for businesses that frequently travel with Air Canada

The CIBC Aeroplan Visa Business Plus Card is similar to the CIBC Aeroplan Visa Business Card but with a lower annual fee and higher interest rate.

CIBC Aeroplan Visa Business Plus Card

Annual fee: $120 – the first year rebated
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $50 each for up to 15 additional cards — first year rebate for up to 3 cards†Conditions Apply.

Earning Aeroplan points

The CIBC Aeroplan Visa Business Plus Card offers:

  • 2 Aeroplan points for every $1 spent with Air Canada
  • 1.5 Aeroplan points for every $1 spent on travel (including car rentals, hotels, and airlines), transportation and shipping, cable, phone, internet, and dining
  • 1 Aeroplan point for $1 spent on all other purchases
  • Plus, the first year’s annual fee of $120 is rebated. 

This CIBC Business Credit card offers a welcome bonus of up to $1,900 in value.

Moreover, cardholders earn 10,000 points with the first purchase. They get 20,000 points with a spend of $3,000 or more during the first four months, and 30,000 points if the spend is $35,000 or more during the first year. 

Who is the CIBC Aeroplan Visa Business Plus Card best for?

The CIBC Aeroplan Visa Business Plus Card is best for businesses that often travel with Air Canada. This CIBC business credit card includes free checked baggage for the cardholder and up to eight travel companions whenever flying with Air Canada.

You also get four complimentary Maple Leaf Lounge One-Time Guest Passes per year, and the option to earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $5,000 spent on eligible purchases. 

BONUS: CIBC Business credit card alternatives

Here are two great business credit card alternatives: a Float card or an American Express Business Edge Card.

Float Card 

float card

Monthly fee: $0 to $99.
Interest rate: 0% as you’re spending the cash available in your business bank account.
Additional cards: $0.†Conditions Apply.

Use the code Hardbacon500 and be eligible for cash back

Float cards are accepted anywhere visa cards are accepted. Float cards connect automatically to your business bank account, and their limit will be the cash balance of your bank account or what the business owner selects.

If you use the code Hardbacon500, you are eligible for $500 in cash back.

Two key benefits of a float card are that it integrates with popular bookkeeping software, and business owners can see their employee transactions in real time. 

American Express Business Edge Card – Best for businesses who want to earn rewards for their purchases

Earn up to 57,000 Membership Rewards points*.
Business Edge™ Card - American Express®
  • Annual fee: $99
  • Interest rate on purchases: 19.99%
  • Interest rate on cash advances: 21.99%
Offer: As a new Edge Corporate Cardmember, you can earn a welcome bonus of 57,000 Membership Rewards points*.
Apply Now
*Condition Apply

During the first 6 months or when a combined total of 10,000 points are earned, American Express Business Edge cardholders can earn 10 points for every dollar spent on eligible purchases of:

  • Supplies
  • Electronics
  • Rides and gas
  • Food and drink.

After the Welcome Period, you will receive 3 points for every dollar spent on eligible purchases.

Frequently asked questions about CIBC business credit cards

How do business cards from CIBC help businesses manage their employees and cash flow?

CIBC business credit cards offer powerful reporting tools that help businesses manage and track expenses to stay on budget. The cards provide spending limits for additional cards held by their employees, alerts to manage and track spending, and detailed views and reports of spending that can help businesses manage their budgets. Having a CIBC business credit card also helps a business’s cash flow when a business uses its credit card to pay for expenses. If the business pays its CIBC business credit card statement balance each month, they will not pay interest and are essentially receiving cash to use for free. 

Having the majority of business expenses on one business credit card also helps to keep both business and personal expenses separate and makes it easier to complete bookkeeping when most expenses are on one statement.

Does CIBC offer a USD business credit card?

Yes, CIBC offers U.S. Bank credit cards that allow you to manage corporate travel and other costs and purchases in United States Dollars.

Is it possible to attach my CIBC line of credit to my CIBC business card?

The CIBC bizline Visa Card allows you to attach your line of credit to your CIBC business card.

What is the best CIBC business credit card for small businesses?

The CIBC bizline Business Credit Card is the best card for small businesses or businesses just starting out. The minimum requirement for household income starts from $35,000 and the card offers cash and interest at the same low, competitive rate. With this CIBC business credit card offering no annual fees and a low-interest rate, it does not offer any reward points or cashback when using the business credit card for business purchases.

5 best CIBC business credit cards in Canada

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