• Last Updated:
  • Jan 19th, 2018 11:59 am
[OP]
Newbie
Nov 18, 2017
81 posts
27 upvotes

Business Credit Card

Hi, I run a small business and want to separate my business spending from my personal spending for easier tax calculations. Are there any recommendations for a low- or no-fee business card out there? I'll likely be putting only about $5000 a year initially on the card, so lower fees and less rewards (possibly upgradeable in the future) is the current preference. I know I could just use a basic no-fee CC for this, but I kinda like the idea of using a business-oriented card.
6 replies
Deal Expert
Aug 22, 2011
35549 posts
21609 upvotes
Center of Universe
Amex Business Gold
Deal Addict
Jul 28, 2012
1024 posts
443 upvotes
Trois-Rivières, QC
dr_torch wrote: I have the RBC Cash Back Mastercard

https://www.rbcroyalbank.com/business/c ... rcard.html

This has no fee and gives 1% cash back. Be prepared to give RBC a lot of information about your business before they will approve you.
This.

Out of curiosity, you mentioned the volume of information asked by RBC. Do you happen to know if other banks ask for less information?
[OP]
Newbie
Nov 18, 2017
81 posts
27 upvotes
dr_torch wrote: I have the RBC Cash Back Mastercard

https://www.rbcroyalbank.com/business/c ... rcard.html

This has no fee and gives 1% cash back. Be prepared to give RBC a lot of information about your business before they will approve you.
Interesting. I was on RBC's site checking out the cards because I bank with them already, and didn't see this one listed. It sounds exactly like what I'm looking for, and staying with RBC will make payments easier. Thanks!
Deal Addict
Nov 30, 2011
1026 posts
402 upvotes
GTA
airodyssey wrote: This.

Out of curiosity, you mentioned the volume of information asked by RBC. Do you happen to know if other banks ask for less information?
CIBC asked zero additional info when I applied for the CIBC Aerogold for Business Visa Card.

https://www.cibc.com/en/small-business/ ... -visa.html

First year annual fee was free, and at renewal time I call up to cancel (because of the fee) and they have waived the fee the last 3 years. Not sure of the current promos but you could call them and ask.

Top