Business Credit Cards

Using a business credit card makes managing your cash flow easier, streamlines record keeping and can even save you money. It could make your job easier during tax time, as you could pay less in accounting fees since your accountant or bookkeeper won’t have to sort through your personal and business expenses. You can also authorize your employees to use the account, issue cards to them, set limits and monitor and control their spending. Credit cards are less cumbersome than cheques and cash and they’re accepted worldwide. Plus, you can extend your cash flow by taking advantage of the 21-day grace period before payments are due. Contact us for more information Opens a new window..

We offer a number of business credit cards so that you can choose the one that’s right for you. You can choose a business credit card with personal liability, often the right choice for newer companies, or a Business Plus credit card with business liability, which is ideal for established businesses and larger companies. Both options are great for separating personal and business expenses. Learn more about personal and business liability.

You should also consider how you'll use your card. You can be rewarded for everyday business spending, but also earn rewards for travel, gift cards and merchandise. Also, review our welcome offers, which might offer valuable airline perks for a seasoned business traveler or other savings.

Eligibility requirements differ from card to card. Here are some of the requirements you may need to meet:

• You're a Canadian resident and you've reached the age of majority in your province — in Alberta, Saskatchewan, Manitoba, Ontario, Quebec and PEI, the age of majority is 18. In all other provinces and territories, the age of majority is 19.
• You haven't declared bankruptcy in the past 7 years.
• You meet the minimum household gross annual income for the card you’re applying for.
• You have a strong credit score.

For Business Plus cards, your eligibility is primarily based on business financial history. For other cards, your eligibility is primarily based on personal financial history.

Yes, it is. We offer business credit cards for businesses of all sizes. Once you've decided which card is right for your organization, you can apply online or with an advisor.

Applying for a CIBC business credit card is similar to applying for any personal credit card. For example, you can apply for a business credit card online. To make the application process smoother, make sure to have the required information and documents ready. For more information on what you need to apply, use our document checklist (PDF, 285 KB) Opens a new window..

Applying for a CIBC Business Plus credit card is similar to applying for a business loan or line of credit. You can request a business specialist call. Before meeting with your advisor, review the Business Credit Application Document Checklist (PDF, 140 KB) Opens a new window..