The 5 Best RBC Business Credit Cards in Canada for 2022
By Arthur Dubois | Published on 20 Oct 2022
Table of Contents
An RBC business credit card provides business owners with many benefits as well as options to grow their company and reach their goals. Whether you own a small business or a large business, RBC offers a wide variety of business credit cards that fit all business owners’ needs.
It is important to remember a personal credit card can only do so much. It doesn’t offer the same perks and benefits as a business credit card.
A business credit card can help keep your personal and business finances separate. Also, it helps you manage cash flow, track employee spending, enjoy rewards programs, manage travel expenses, and get instant funding for business purchases like material or equipment.
RBC offers some of the best business credit cards in Canada. Do you need a bit of guidance in choosing an RBC credit card for your business? You’ve reached the right place. Here are the five best RBC business credit cards for Canada in 2022.
5 best RBC business credit cards for Canada in 2022
RBC offers many different credit cards catered for all types of businesses. Whether you’re looking for a card that offers rewards points, cash back, or cash flow management, RBC has something for everyone.
1. Visa Business Card – best for new business owners
The Visa Business Card is a flexible, low annual fee credit card that is ideal for new business owners looking for a card to use to make purchases when they need to.
Furtherore, it’s an excellent choice for business owners who want a credit card solution that offers them flexibility and convenience. It’s also one of the best cards for new business owners just starting out who are looking to build their business’s credit history.
One of the best features of this card that appeals to new business owners is that it offers a simple way to manage and track business expenses, so you know that your finances are on the right track.
Annual fee: $12.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $12.†Conditions Apply.
Key features
Key features of this card include the ability to manage your card any time online. You can make payments, track bills, transfer funds, and check transactions online.
The card improves business expense management by helping you separate your personal and business finances. You can keep track of your business spending, which helps improve cash management. Another great thing about this card is that it allows users to consolidate business spending onto one card, which helps improve cash management.
If your company tends to rack up travel expenses for fuel, you can link your RBC business credit card and save three cents-per-litre on fuel while earning 20% more Petro-Points at Petro-Canada.
This card also offers a three-month complimentary DashPass subscription to DoorDash, which offers $0 delivery fees for the first three months when you pay with your RBC business credit card.
2. RBC Avion Visa Infinite Business Card – best for entrepreneurs to benefit business spending
The RBC Avion Visa Infinite Business Card is an excellent choice for business owners looking to make the most of their business spending, particularly traveling.
If you’re looking to get rewards from your business purchases, the RBC Avion Visa Infinite Business credit card is a great way to reward yourself for the purchases you make. It’s also a great way to track your spending and make informed financial business decisions, as it offers reporting tools that can help you track and manage your spending.
Annual fee: $175.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $75 (max. Of 9 additional cards.†Conditions Apply.
Earning Avion points
Earning Avion points is the best feature of this business credit card. For each dollar spent on purchases with your card (up to 75,000 per year), you can earn 1.25 Avion points.
You also get access to premium travel benefits, including access to over 1,300 airport lounges around the world and airport dining. Your rewards can be redeemed for flights, vacation packages, cruises, hotels, Apple products, select tech products at Best Buy, and eligible merchandise or gift cards.
Upon enrollment, you can earn a welcome bonus of 25,000 points.
Who is the RBC Avion Visa Infinite Business Card Best for?
This card is meant for business owners who want to earn Avion points at a better rate for all their business purchases. It offers access to a rewards program that offers rewards on travel, gift cards, merchandise, and more.
Although this card is a great option for any type of business owner, it is more catered to the business traveler who wants to redeem points for traveling. It offers a wide range of insurance coverage for traveling and more, and can help you manage your cash flow with expense management tools and employee spending card controls so you can take control of your business’s spending.
3. The RBC Visa Business Platinum Avion – best for business owners who want to pool points earned on employees’ cards
The RBC® Visa‡ Business Platinum Avion® provides great rewards on business expenses incurred by every card user. You can reward yourself, reinvest your business, or reward your employees with Avion points.
Looking for the benefits that premium rewards programs give but with point redemption flexibility? This card is the best choice. It also has a wide variety of premium insurance coverage and is a great way to reimburse employees and simplify accounting.
Annual fee: $120.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $50.†Conditions Apply.
Earning Avion points
For every $1 spent on the card you earn 1 Avion point. The best feature this card offers is the ability to combine points earned from all employee RBC business platinum cards. You can also pool points between your business and personal Avion cards. You can use these points as incentives to employees, to invest in your business, pay back a balance, or reward yourself.
This card also offers a savings of three cents-per-litre at Petro locations and 20% more Petro-Points at Petro-Canada. You also receive a free, three-month DashPass subscription to DoorDash. That means $0 delivery fees for three months when paying with your RBC business credit card.
You can also use this card to redeem points for air travel, hotel stays, holidays, and more. Upon enrollment, you can earn a welcome bonus of 20,000 points.
4. RBC Business Cash Back Mastercard – best for new businesses looking to build credit and interested in earning cash back
The RBC Business Cash Back Mastercard is an excellent option for business owners interested in earning cash back while also turning their purchases into savings.
It provides the flexibility of a business credit card with no annual fee and 1% cash back on purchases. If you prefer the benefits of cash back or rewards points, this card is right up your alley.
Cash back and rewards points are a great way to reinvest funds back into your business and reduce and manage expenses. With no annual fee, this credit card is a great option for new business owners looking for a card to help them build their credit history while earning cash back on purchases.
Annual fee: $0.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $0 (max of 1 additional card).†Conditions Apply.
Key features
A key feature on this card is the cash pack on purchases. For purchases made on your card in the first three months, you can earn 2% cashback. After three months, you earn 1% cash back on all purchases.
Once you reach a cash back balance of $25, you can credit the amount to your account at any time. If you decide not to credit the amount to your account, it will automatically be credited back every January.
This card also offers automatic enrolment in Mastercard’s Easy Savings program. It gives you rebates on products and services for eligible merchants as well as savings on three cents per litre on fuel and 20% more Petro-Points at Petro-Canada locations. You also receive a free three-month subscription to DashPass, which offers $0 delivery on DoorDash for the first three months.
5. Visa CreditLine for Small Business – For businesses looking for the functionality of a line of credit with the convenience of a credit card
Want a card that offers the functionality of a credit line of credit with the convenience of a credit card? If that’s the case, the Visa CreditLine for Small Business is for you. This card provides you with access to credit at a competitive interest rate without an annual fee. At the same time, you still earn Avion points.
This is a great card for business owners who own a small business and do not need additional cards for employees. Although, this card only comes with the option of one additional card. Unlike most business credit cards, this card provides business owners an unsecured line of credit in the form of a credit card with no annual fee.
Annual fee: $0.
Interest rate: 2.9% to 11.9% for purchases
Additional cards: $0 (max of 1 additional card).†Conditions Apply.
Key features
For every $2 spent on this card, you receive 1 Avion point. You can use points to provide incentives to your employees, invest in your business, redeem for merchandise, and more.
Like the other cards on this list, this card offers instant fuel savings. You benefit from a three cents-per-litre dscount at Petro-C and 20% more points at Petro-Canada locations. You also get a free, three-month subscription to DashPass.
Frequently asked questions about RBC business credit cards
RBC business credit cards offer a wide variety of reporting options and tools that are simple but powerful. These tools allow you to gain instant access to transaction data, which helps you track and manage your cash flow to make informed business decisions about your expenses. These tools also allow you to set up personalized transaction limits and spending controls with each card while also tracking and monitoring spending.
To be eligible for an RBC business credit card, you must meet certain eligibility requirements, including credit score, income, and more. If you are a new business owner with a lower income or a poor credit score, it may be harder to be approved for a business credit card. If you do not meet these eligibility requirements, you can always contact RBC or visit a branch to see what they can do for you.
You can apply for an RBC business credit card by going online, contacting their 24/7 business helpline at 1-888-608-0323, going to a branch, or contacting a business specialist.
To activate your RBC business credit card, call 1 877 900 5900 or go online to activate the card at www.rbc.com/activate.
To contact RBC business credit card customer service, call them at 1-888-608-0323.
