Comparing BMO Cash Back Business Mastercard vs United Business Card vs The Hilton Honors American Express Business Card.
BMO Cash Back Business Mastercard vs United Business Card vs The Hilton Honors American Express Business Card read this blog to find out more.
Source: Freepik
Let us compare these top three credit cards in Canada. Let us look at their unique features individually-
BMO Cash Back Business Mastercard
Eligibility –
On this card, you need to have any minimum income requirement or any minimum household income requirement too. Further, your credit score needs to be 660 or more and you must be a permanent resident of Canada as well.
Annual fees-
The annual fee on this card is $0.
Interest charged on Balance-
The purchase interest rate on this card is 19.99%, the cash advance interest rate is 22.99% and the balance transfer interest rate is 22.99%.
Rewards and Cashback
On this card, you can earn 1.5% on bills, and gas and 0.75% on all other purchases that you make. Also, on this card, you get a welcome offer of 10% cash back on gas, office supplies, and cell phone/internet bills for the first 4 months.
Let us present it in a tabular manner-
| Eligibility | No minimum income requirement. No minimum household income requirement. A credit score of 660+. A permanent resident of Canada and age. c |
| Annual fees | $0 |
| Interest charged on Balance | The purchase interest rate on this card is 19.99%. The cash advance interest rate is 22.99%. The balance transfer interest rate is 22.99%. |
| Rewards and Cashback | Welcome offer of 10% cash back on gas, office supplies, and cell phone/internet bills for the first 4 months. Earn 1.5% on bills. Earn 0.75% on all other purchases that you make. |
United Business Card
Eligibility
For this card, you need to have an excellent credit score between 700-750, and the APR (annual percentage rate) stands between 17.99% – 24.99% variable.
Annual Fees
The annual fee on this card is $450.
Welcome Bonus
On this credit card, you get a welcome bonus of 75,000 bonus miles points after you spend around $5,000 on purchases in the first 3 months of your account opening.
Rewards and Cashback
On this credit card, you can earn 2X miles per $1 spent on purchases from the United, including tickets, Economy Plus, inflight food, beverages, and Wi-Fi. Next, you can earn 2X miles per every $1 spent on Inside Access from Chase purchases. Also, you can earn 1.5X miles per $1 spent on all other purchases
You also get the chance to get outstanding United travel rewards, including priority check-in, boarding, and baggage handling privileges. You can earn 25% back on United in-flight purchases.
Let us present this in a tabular manner:
| Eligibility | An excellent credit score between 700-750. |
| Annual fees | $450 |
| Welcome Bonus | 75,000 bonus miles after you spend around $5,000 on purchases in the first 3 months of your account opening |
| Rewards | Earn 2X miles per $1 spent on purchases from United, including tickets, Economy Plus, inflight food, beverages, and Wi-Fi. Earn 2X miles per every $1 spent on Inside Access from Chase purchases. Earn 1.5X miles per $1 spent on all other purchases. Get the chance to get outstanding United travel benefits, including priority check-in, boarding, and baggage handling privileges. Earn 25% back on United in-flight purchases. |
The Hilton Honors American Express Business Card
Eligibility
For this card, you need to have an excellent credit score between 700-750, and the APR (annual percentage rate) stands between 17.99% – 26.99% variable.
Annual fees
The annual fee on this credit card is $95.
Welcome offer
On this credit card, you get a welcome bonus of 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Hilton Honors Business Card in the first 3 months of Card Membership.
Cashback and Rewards
On this credit card, you earn Hilton Honors Bonus Points for each dollar of eligible purchases. You can earn 12x at hotels and resorts in the Hilton portfolio, 6x at US gas stations, on US purchases for shipping, on wireless telephone services purchased directly from US service providers, even on flights booked directly with airlines or with Amex Travel, on car rentals booked directly from select car rental companies, and lastly at US restaurants. And you can earn 3x on all other eligible purchases.
Let us present it in a tabular manner-
| Eligibility | An excellent credit score between 700-750. |
| Annual fees | $95. |
| Welcome Bonus | A welcome bonus of 130,000 Hilton Honors Bonus Points after you spends $3,000 in purchases on the Hilton Honors Business Card in the first 3 months of Card Membership. |
| Rewards | Earn 12x at hotels and resorts in the Hilton portfolio. Earn 6x at US gas stations, on US purchases for shipping, and wireless telephone services purchased directly from US service providers. Earn 3x on all other eligible purchases. Earn on flights booked directly with airlines or with Amex Travel. Earn on car rentals booked directly from select car rental companies. |
Now that you know about these three credit cards, let us compare all three in a tabular manner:
| BMO Cash Back Business Mastercard. | United Business Card. | The Hilton Honors American Express Business Card. | |
| Additional Benefits | Earn 1.5% on bills. Earn 0.75% on all other purchases that you make. | Earn 2X miles per $1 spent on purchases from United, including tickets, Economy Plus, inflight food, beverages, and Wi-Fi. Earn 2X miles per every $1 spent on Inside Access from Chase purchases. Earn 1.5X miles per $1 spent on all other purchases. Get the chance to get outstanding United travel benefits, including priority check-in, boarding, and baggage handling privileges. Earn 25% back on United inflight purchases | Earn 12x at hotels and resorts in the Hilton portfolio. Earn 6x at US gas stations, on US purchases for shipping, and wireless telephone services purchased directly from US service providers. Earn 3x on all other eligible purchases. Earn on flights booked directly with airlines or with Amex Travel. Earn on car rentals booked directly from select car rental companies |
| Welcome Offer | Welcome offer of 10% cash back on gas, office supplies, and cell phone/internet bills for the first 4 months | 75,000 bonus miles after you spend around $5,000 on purchases in the first 3 months of your account opening. | A welcome bonus of 130,000 Hilton Honors Bonus Points after spending $3,000 in purchases on the Hilton Honors Business Card in the first 3 months of Card Membership. |
| Minimum Income Requirement / APR | No minimum income requirement. No minimum household income requirement. | APR (annual percentage rate) stands between 17.99% – 24.99% variable. | APR (annual percentage rate) stands between 17.99% – 26.99% variable. |
| Condition of Canadian Resident | Yes | – | – |
Expertbyarea opinion
Here in this article, we have listed down some important credit cards in Canada.
If you are looking for a card with great cashback and rewards, the second two options can be the best pick for you.
We as experts can provide all the features of a credit card, but in the end, the ultimate choice will be yours!
Share this article with your acquaintances and help them get a clear view of these credit cards with our comparative analysis as well.
