What is the best TD business credit card to use? If you own a business, you’re aware of the endless operating expenses, from employee wages and salaries, equipment, travel, rent, leases, and interest, to everything in between.

Managing and paying for these types of expenses is difficult, but having the right credit card makes it both easier and will save you money

TD business credit cards offer excellent rewards and are some of Canada’s best business credit cards. They provide business owners with an easy way to pay their bills, and each TD business credit card offers unique benefits catered to all types of businesses.

Cash flow and working capital management are two business areas that keep business owners awake at night. Using TD business credit cards to pay recurring expenses can generate cash back or points, and paying the statement balance each month gives businesses access to free cash.

When it comes time to update a business’s financial books and prepare for tax time, having a large part of its business’s expenses on one statement makes life easier for the business. Regular use of your TD business credit card also makes it easier to keep business and personal expenses separate and will help build a credit rating and history for the business. 

As one of Canada’s biggest banks, TD offers some of the best business credit cards that suit all types of business needs – whether it is a small business, a big business, an online business, and the list goes on. If you are considering what TD business credit card is best for you and your business, you’re at the right place as we have done the research for you.

 4 Best TD Business Credit Cards in Canada

Business credit cards help business owners by providing cash flow to make single purchases or pay recurring expenses. There are many benefits of regularly using a TD business credit card, including flight rewards, travel rewards, cash back, and more. If you’re considering applying for a business credit card, a TD business credit card is the way to go.

1. TD Business Travel Visa* Card

TD Business Travel Visa* Card

Annual fee: $149.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $49.†Conditions Apply.

The TD Business Travel Visa Card is an ideal choice for business owners who travel often and want a business credit card that rewards them in travel. This credit card provides best-in-class rewards on travel, dining, and travel insurance. Overall, it’s a great option for business owners looking for a good return on their business travel and spending.

Earning TD Rewards points

With the TD Business Travel Visa card, you will earn:

  • 9 TD Reward points on each dollar spent on ExpediaForTD.com
  • 6 points for every dollar spent purchasing foreign currency, restaurants, and paying recurring bill payments
  • 2 points for each dollar spent on all other eligible purchases.

A great feature of the TD Business Travel Visa is that you can earn up to 150,000 TD Rewards points and $247 in annual fee rebates within the first year with their limited-time offers.

Here is a breakdown of the points you can earn when you first start using this TD business credit card: 30,000 TD Rewards points on your first purchase; 60,000 TD Rewards points if you spend $5,000 within the first three months of opening your account; 60,000 TD Rewards points if you spend $2,500 every month for the first 12 months (earning 5,000 TD Rewards Points per month).

Who is the TD Business Travel Visa* Card Best for?

The TD Business Travel Visa is best for businesses that consistently travel for business purposes. This TD business credit card offers great travel insurance options including:

  • Travel medical insurance of up to $2 million dollars for the first 15 days
  • Up to $5,000 for trip cancellation
  • Up to $25,000 for all insured persons on a trip
  • A possible $500 if flight or trip is delayed for longer than 4 hours
  • Up to $500,000 in accidental travel insurance
  • Potentially $1,000 for delayed or lost baggage. 

2. TD Business Cash Back Visa* Card

TD Business Cash Back Visa Card

Annual fee: $0.
Interest rate: 19.99% for purchases/22.99% on cash advances.
Additional cards: $0.†Conditions Apply.

This TD business credit card is an excellent option for business owners who do not want to pay an annual fee and want to reinvest their Cash Back Dollars into their business. This TD business credit card also gives you access to the TD Card Management Tool to track your business expenses and better understand your expenditures and employee spending.

Earning TD Cash Back Dollars

The TD Business Cash Back Visa* Card offers 2% in Cash Back Dollars on eligible:

  • Office supplies
  • Gas purchases
  • Recurring bill payments.

The TD business credit card also offers 0.5% Cash Back Dollars and 50% more Stars at participating Starbucks locations. Your Cash Back Dollars are credited to your business account annually. Plus, they never expire as long as your account is open and in good standing.

This TD business credit card also offers savings on vehicle rentals. You save a minimum of 10% in Canada and the United States and 5% on qualifying international car rentals at participating Avis and Budget locations. 

Who is the TD Business Cash Back Visa* Card Best for?

The TD Business Cash Back Visa Card is an excellent choice for new or smaller businesses looking to generate cash back. The cash back can help pay their business expenses or reinvest into their company. 

3. TD® Aeroplan® Visa Business Card

TD® Aeroplan® Visa Business Card

Annual fee: $149.
Interest rate: 14.99% for purchases/22.99% on cash advances.
Additional cards: $49.†Conditions Apply.

This TD business credit card is ideal for business owners who are in the market to earn further Aeroplan Points for traveling. You can earn double the Aeroplan Points when you pay with your card at over 170 online retailers and 150 applicable partners.

You also earn Aeroplan Points on eligible business purchases. Moreover, if you’re a frequent traveler, you receive your first checked bag for free for up to nine people traveling on the same Air Canada reservation.

Earning Aeroplan points

With the TD® Aeroplan® Visa* Business Card, you will earn the following Aeroplan point:

  • 2 points for every $1 spent on all eligible purchases
  • 1.5 points for all eligible purchases on travel, dining, and select business expenses
  • 1 point for every $1 dollar spent on eligible purchases.

You will also receive a welcome bonus of 10,000 Aeroplan points with your first purchase using the card. Plus, you will also receive an additional 20,000 Aeroplan Points after spending $5,000 within the first three months of using the TD business credit card.

Furthermore, credit card holders will also have the option of earning 30,000 Aeroplan Points if they spend $2,500 each month using the credit card for the first consecutive 12 months of opening the TD business credit card account.

Who is the TD Business Cash Back Visa Card Best for?

If you’re a business where employees frequently travel using Air Canada, this credit card will let you maximize the Aeroplan points your business will receive.

For every dollar spent with Air Canada, you receive two points. This can quickly add up in Aeroplan points for businesses with frequent travel.

This TD business credit card offers excellent travel insurance options that include: travel medical insurance of up to $2 million dollars for the first 15 days; up to $5,000 for trip cancellation; up to $25,000 for all insured persons on a trip; up to $500 if flight or trip is delayed for longer than 4 hours; up to $500,000 in accidental travel insurance; and. Up to $1,000 for delayed or lost baggage

 4. TD Business Select RateTM Visa* Card

TD Business Select RateTM Visa* Card

Annual fee: $0 or $49.
Interest rate: 8.99% or 11.99% on purchases. 8.99% or 11.99% on cash advances.
Additional cards: $0.†Conditions Apply.

The TD Business Select RateTM Visa card is ideal for business owners in the market for a credit card that offers an affordable fixed interest rate of between 8.99% and 11.99%.

If you tend to carry a balance on your credit cards and don’t mind paying a $49 annual fee, this card offers a low-interest rate of 8.99% on purchases and cash advances.

However, if you opt to pay no annual fee, the TD business credit card still offers a low-interest rate of 11.99% on both purchases and cash advances. The credit card also offers auto rental collision/loss damage insurance, 50% more stars at select Starbucks stores, and access to the TD Card Management Tool.

Who is the TD Business Select RateTM Visa* Card Best for?

The TD Business Select RateTM Visa card is the best TD business credit card for new or small businesses who are looking for a credit card with simply the best interest rates and are not interested in other benefits other credit cards offer. 

BONUS: TD business credit card alternatives

Below are two popular alternatives to TD business credit cards that deserve honourable mentions. 

Float Card

float card

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

Limited time offer: use the code Hardbacon500 for up to $500 cash back
Additional cards: $0.†Conditions Apply.

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

Also, 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

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

The American Express Business Edge™ Card offers 10 points for every dollar spent on eligible purchases on office supplies, electronics, rides & gas, food & drink during the welcome period of up to 6 months or when a combined total of 10,000 points are earned. After the welcome period, you will receive 3 points for every dollar spent on eligible purchases.

Frequently asked questions about TD business credit cards

How do you cancel a TD business credit card?

To cancel your TD business credit card, you can call customer service or visit any TD branch. Upon closing your account, you must pay any amount owed on the account, which includes fees, interest, and charges. Interest and applicable fees will continue to be charged to your account until you pay off the balance in full.

What is the credit card limit for TD business cards?

Each TD business credit card has a separate credit limit depending on the type of business, how profitable the business is, the type of card, your credit rating, and more. When you apply for the card, TD will offer credit limit options based on the above information. Once you are approved and have used a TD business credit card for an extended period of time, TD may offer to increase the credit limit on your TD business credit card.

How do you reach the TD business credit card customer service?

To reach TD business credit card customer service, you can call them at 1-888-561-0608 or you can send me an email to customer.service@td.com.

How do you apply for a TD business credit card?

Applying for a TD business credit card is easy. To apply online, you must meet certain criteria; you must own the business, the business must be for profit, and the business must operate in Canada. If you do not meet the eligibility requirements, contact TD directly at 1-888-561-0608 to book an appointment at a branch to see how they can help.

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