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Mr. Loonie
Laurentian Bank Visa* Business Rewards

Laurentian Bank Visa* Business Rewards

Best for: Small businesses that want a low-fee card with rewards at partner stores

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Points you’d earn
72,000
points in the first year. We haven’t set a dollar value for them yet.
See how we worked it out
Annual fee
$20 a year
Apply now on Laurentian Bank’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Laurentian Bank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Watch for

  • Watch for: $20 a year
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With small team spending of $6,000 a month.

We haven’t set a value for points yet, so the bars show points.

  • Office supplies 3,000
    1 point per $1 $250 a month · 3,000 points a year
  • Shipping 2,400
    1 point per $1 $200 a month · 2,400 points a year
  • Phone and internet 3,600
    1 point per $1 $300 a month · 3,600 points a year
  • Software 4,800
    1 point per $1 $400 a month · 4,800 points a year
  • Online ads 7,200
    1 point per $1 $600 a month · 7,200 points a year
  • Gas 6,000
    1 point per $1 $500 a month · 6,000 points a year
  • Restaurants 4,800
    1 point per $1 $400 a month · 4,800 points a year
  • Travel 4,800
    1 point per $1 $400 a month · 4,800 points a year
  • Everything else 31,800
    1 point per $1 $2,650 a month · 31,800 points a year
  • Foreign currency 3,600
    1 point per $1 $300 a month · 3,600 points a year
What counts in each category
Everything else (base rate)
1 point per $1

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Public Transportation Vehicle Accident Coverage
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Laurentian Bank’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
$20 a year
Purchase interest
19.99%
Cash advance interest
19.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$20
Cash advance fee
$3.50
Source
Issuer page

Interest rates

Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With small team spending. This card: — year one, — every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Laurentian Bank Visa* Business Rewards?

$20 a year. Each extra card costs $20.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

19.99% on purchases. Cash advances are 19.99%.

Does it include insurance?

It lists extended warranty, purchase protection and public transportation vehicle accident coverage. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

72,000
points
Apply now on Laurentian Bank’s site (opens in a new tab)
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