Monday, October 18, 2021

Top 5 Small Business Credit Card Sign Up offers for October - These cards provide the best value out of their welcome bonuses

 
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for this month! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards for small businesses that have very good acquisition (welcome/sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when some of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards. This month we see three first year free cards on the list! And remember this list is based on minimum value towards travel which we calculate as the minimum value of the welcome bonus less the annual fee. It is entirely possible to receive more value out of the welcome bonuses on all of these cards since they earn Aeroplan points or Marriott Bonvoy points - both of which can provided some huge outsized value rewards!

Here are our top 5 small business credit card sign up offers for October:

American Express® Aeroplan®* Business Reserve Card
Minimum value: $1,051

In the first year with this card you can earn 90,000 Aeroplan Points and a Bonus Buddy Pass. The points are worth $1,350 and we place a minimum $300 value on the Buddy Pass. Combine those two and take away the $599 annual fee and you have no less than $1,051 in value with this card! For most you should be able to get even more value out of that since we are valuing Aeroplan points at 1.5 cents each and it easy to get that above 2 cents. Add in the extras this card has like Maple Leaf Lounge access, strong earn and a spend based companion pass make this card a must for small business looking to earn Aeroplan points. Apply for the card here.

TD Aeroplan Visa Business

TD® Aeroplan® Visa* Business Card
Minimum value: $750

This card is offering up to 30,000 points and a bonus Buddy Pass when you get it. On top of that there is no annual fee in the first year if you apply by December 5. The points and Buddy Pass combined provide a value of no less than $750. To earn the full 30,000 points make sure you can spend $10,000 on the card in the first three months as they are awarding 2x points on that much spending as part of the welcome bonus.


Minimum value: $600
CIBC's equivalent of the above TD card provides 20,000 Aeroplan points, a Buddy Pass and an annual fee rebate. All told the points and buddy pass are worth no less than $600 in our minds and in reality should be worth much more than that.



CIBC® Aeroplan® Visa* Business Plus Card
Minimum value: $600

The lower fee version of CIBC's Business Aeroplan cards also provides 20,000 Aeroplan points, a Buddy Pass and an annual fee rebate. All told the points and buddy pass are worth no less than $600 in our minds and in reality should be worth much more than that. The main difference between the non-Plus and Plus is the annual fee being lower but you need to meet more stringent application requirements.

 
 
If you went for all these cards you ultimately could end up with over $3,500 in travel credits but even if you only take on one or two you are helping your travel budget significantly at no cost other than regular credit card spend. We don't really recommend getting all five in one month unless you know you can meet the minimum spend for them all at once, rather you'd want to pick one or two right now, perhaps another next month and so on.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

 


No comments:

Post a Comment