If you are new to the world of credit cards, you may feel overwhelmed by constant advertising and a plethora of terms and cards being offered. How do you choose which one is best for you, and do you really need one? We're here to help.
Having a credit card (and using it sensibly) can set you up for financial success. A credit card offers a tool for you to build a strong credit history and credit score, which is vital to securing favourable terms for loans such as a mortgage. Here’s what you need to know to get a credit card and use it responsibly.
Compare credit cards in Canada and find the right credit card for your needs
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American Express Cobalt® Card
Earn up to 15,000 Membership Rewards points
5x
Earn 5 times he points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
3x
Earn 3 times the points on eligible streaming subscriptions in Canada.
2x
Get 2 times the points on eligible ride shares, transit & gas in Canada.
1x
Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
1x
Earn 1 point for every $1 in Card purchases everywhere else
$100 USD
Get up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel.
Earn 5 times he points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
5x
Earn 3 times the points on eligible streaming subscriptions in Canada.
3x
Get 2 times the points on eligible ride shares, transit & gas in Canada.
2x
Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
1x
Earn 1 point for every $1 in Card purchases everywhere else
1x
Get up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel.
$100 USD
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$155.88
Annual Fee 12.99/mo
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$155.88
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
High earn rates (up to 5% return on spending!)
-
Flexible month-by-month fee structure
-
Free supplementary cards
-
1:1 points transfer with selected hotels, airlines and frequent flyer programs
Cons
-
Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)
-
Amex has a more limited merchant acceptance rate than Visa and Mastercard
-
Slightly higher than average annual fee
5x
Earn 5 times he points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
3x
Earn 3 times the points on eligible streaming subscriptions in Canada.
2x
Get 2 times the points on eligible ride shares, transit & gas in Canada.
1x
Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
1x
Earn 1 point for every $1 in Card purchases everywhere else
$100 USD
Get up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel.
Earn 5 times he points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
5x
Earn 3 times the points on eligible streaming subscriptions in Canada.
3x
Get 2 times the points on eligible ride shares, transit & gas in Canada.
2x
Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
1x
Earn 1 point for every $1 in Card purchases everywhere else
1x
Get up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel.
$100 USD
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$155.88
Annual Fee 12.99/mo
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$155.88
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
High earn rates (up to 5% return on spending!)
-
Flexible month-by-month fee structure
-
Free supplementary cards
-
1:1 points transfer with selected hotels, airlines and frequent flyer programs
Cons
-
Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)
-
Amex has a more limited merchant acceptance rate than Visa and Mastercard
-
Slightly higher than average annual fee
Amazon.ca Rewards Mastercard
Get up to a $65 Amazon.ca Gift Card instantly upon approval
2.5%
cash back (unlimited) at Amazon.ca, Whole Foods and no foreign currency fees for Prime members
1.5%
cash back (unlimited) for non-prime members at Amazon.ca and Whole Foods
10%
rental car discounts at Avis and Budget Rent A Car locations in North America
cash back (unlimited) at Amazon.ca, Whole Foods and no foreign currency fees for Prime members
2.5%
cash back (unlimited) for non-prime members at Amazon.ca and Whole Foods
1.5%
rental car discounts at Avis and Budget Rent A Car locations in North America
10%
19.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Good returns on Amazon.ca, Whole Foods Market stores and foreign currency transactions
-
Competitive welcome bonus
-
Serviceable for regular Costco and No Frills shoppers
Cons
-
Earning maximum rewards requires paying for Amazon Prime
-
Other cards have higher earn rates on non-Amazon.ca purchases
-
Rewards points are only redeemable for Amazon.ca gift cards
-
Relatively few Whole Foods locations in Canada
2.5%
cash back (unlimited) at Amazon.ca, Whole Foods and no foreign currency fees for Prime members
1.5%
cash back (unlimited) for non-prime members at Amazon.ca and Whole Foods
10%
rental car discounts at Avis and Budget Rent A Car locations in North America
cash back (unlimited) at Amazon.ca, Whole Foods and no foreign currency fees for Prime members
2.5%
cash back (unlimited) for non-prime members at Amazon.ca and Whole Foods
1.5%
rental car discounts at Avis and Budget Rent A Car locations in North America
10%
19.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Good returns on Amazon.ca, Whole Foods Market stores and foreign currency transactions
-
Competitive welcome bonus
-
Serviceable for regular Costco and No Frills shoppers
Cons
-
Earning maximum rewards requires paying for Amazon Prime
-
Other cards have higher earn rates on non-Amazon.ca purchases
-
Rewards points are only redeemable for Amazon.ca gift cards
-
Relatively few Whole Foods locations in Canada
American Express Aeroplan Reserve
New American Express® Aeroplan®* Reserve Cardmembers can earn up to 85,000 Aeroplan points.
3X
the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*
2X
the points on eligible Dining and Food Delivery purchases in Canada
1.5X
the points on everything else
the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*
3X
the points on eligible Dining and Food Delivery purchases in Canada
2X
the points on everything else
1.5X
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR on funds advances
$599
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$599
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Generous signup bonus where you can earn up to 85,000 Aeroplan points
-
High earn rates on Air Canada, dining, and food delivery
-
Extensive travel perks like priority check-in, boarding, and free first checked bag on Air Canada flights
-
Complimentary access to select Air Canada Maple Leaf Lounges within North America
-
Toronto Pearson Airport benefits including priority security, complimentary valet parking, and discounts on parking and car care services
-
Annual worldwide companion pass at a fixed base fare between $99 and $599 CAD (plus taxes and fees)
-
$100 NEXUS statement credit every 4 years
-
Robust insurance coverage including emergency medical
-
Access to Amex Experiences such as VIP parties and movie premieres
-
No minimum income requirement
Cons
-
High annual fee of $599
-
Lower acceptance when compared to Visa and Mastercard
-
High spending to unlock signup bonus
-
Limited high-earning categories
-
2.5% foreign transaction fee
-
Priority perks limited to Air Canada flights
3X
the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*
2X
the points on eligible Dining and Food Delivery purchases in Canada
1.5X
the points on everything else
the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*
3X
the points on eligible Dining and Food Delivery purchases in Canada
2X
the points on everything else
1.5X
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR on funds advances
$599
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$599
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Generous signup bonus where you can earn up to 85,000 Aeroplan points
-
High earn rates on Air Canada, dining, and food delivery
-
Extensive travel perks like priority check-in, boarding, and free first checked bag on Air Canada flights
-
Complimentary access to select Air Canada Maple Leaf Lounges within North America
-
Toronto Pearson Airport benefits including priority security, complimentary valet parking, and discounts on parking and car care services
-
Annual worldwide companion pass at a fixed base fare between $99 and $599 CAD (plus taxes and fees)
-
$100 NEXUS statement credit every 4 years
-
Robust insurance coverage including emergency medical
-
Access to Amex Experiences such as VIP parties and movie premieres
-
No minimum income requirement
Cons
-
High annual fee of $599
-
Lower acceptance when compared to Visa and Mastercard
-
High spending to unlock signup bonus
-
Limited high-earning categories
-
2.5% foreign transaction fee
-
Priority perks limited to Air Canada flights
American Express Centurion® Card
Excellent
about new welcome offers by email
1 MR point
Earn 1 Membership Rewards point per $1 spent on the card (with no limit)
Earn 1 Membership Rewards point per $1 spent on the card (with no limit)
1 MR point
0.00% - 0.00%
Variable APR Charge Card
$5,000
Annual Fee $7,500 initiation fee
0.00%
Foreign Transaction Fee No foreign transaction fees
Variable APR
0.00% - 0.00%
Annual Fee
$5,000
Foreign Transaction Fee
0.00%
Excellent
Recommended Credit Score
$1,000,000
Required Annual Personal Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$1,000,000
1 MR point
Earn 1 Membership Rewards point per $1 spent on the card (with no limit)
Earn 1 Membership Rewards point per $1 spent on the card (with no limit)
1 MR point
0.00% - 0.00%
Variable APR Charge Card
$5,000
Annual Fee $7,500 initiation fee
0.00%
Foreign Transaction Fee No foreign transaction fees
Variable APR
0.00% - 0.00%
Annual Fee
$5,000
Foreign Transaction Fee
0.00%
Excellent
Recommended Credit Score
$1,000,000
Required Annual Personal Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$1,000,000
American Express Essential™ Credit Card
Fair
about new welcome offers by email
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$25
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$25
Fair
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Pros
-
Low APR for purchases and cash advances
-
Low annual fee and free additional cards
-
Buyer’s purchase protections for extended warranty
-
Easy eligibility for Canadian residents
-
World-class service from American Express
-
Access to exclusive events with American Express® Experiences
Cons
-
Potential high fees for late-payments and foreign transactions
-
Interest rates may increase if payments are missed
-
Limited installment program fees may apply
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$25
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$25
Fair
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Pros
-
Low APR for purchases and cash advances
-
Low annual fee and free additional cards
-
Buyer’s purchase protections for extended warranty
-
Easy eligibility for Canadian residents
-
World-class service from American Express
-
Access to exclusive events with American Express® Experiences
Cons
-
Potential high fees for late-payments and foreign transactions
-
Interest rates may increase if payments are missed
-
Limited installment program fees may apply
American Express ® Aeroplan ®
Earn up to 50,000 Welcome Bonus Aeroplan®* points
2x
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
1.5x
the points on eligible Dining and Food Delivery purchases in Canada
1x
the points on everything else
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
2x
the points on eligible Dining and Food Delivery purchases in Canada
1.5x
the points on everything else
1x
$120
Annual Fee
2.50%
Foreign Transaction Fee
Annual Fee
$120
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Pros
-
Aeroplan Points Accumulation: Earn up to 2 Aeroplan points per $1 spent on purchases.
-
Free Checked Bags: Free first checked bag on Air Canada flights for you and up to eight travel companions.
-
Preferred Pricing on Flight Awards: Access to preferred pricing on Aeroplan flight rewards.
-
Travel Insurance Coverage: Includes eight types of robust travel insurance.
-
Fast Track to Elite Status: Ability to reach Aeroplan Elite status more quickly.
-
American Express Experiences: Exclusive access to dining, sports, and entertainment events, plus Front Of The Line for presales and reserved tickets.
-
No Preset Spending Limit: Flexible spending based on credit history and account activity.
Cons
-
Limited Acceptance: American Express cards may not be as widely accepted as Visa or Mastercard.
-
High APR on Unpaid Balances: A steep annual interest rate of 30% for unpaid balances.
-
Limited Lounge Access: No access to Maple Leaf or PriorityPass lounges.
-
Restricted Points Earn Rate: The 2x points earn rate on Air Canada and Air Canada Vacations only applies to direct bookings through the airline.
-
Charge Card Expectations: You're expected to pay off the entire balance each month.
-
Specialized Rewards: High-value rewards primarily focused on redeeming for Air Canada flights.
2x
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
1.5x
the points on eligible Dining and Food Delivery purchases in Canada
1x
the points on everything else
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
2x
the points on eligible Dining and Food Delivery purchases in Canada
1.5x
the points on everything else
1x
$120
Annual Fee
2.50%
Foreign Transaction Fee
Annual Fee
$120
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Pros
-
Aeroplan Points Accumulation: Earn up to 2 Aeroplan points per $1 spent on purchases.
-
Free Checked Bags: Free first checked bag on Air Canada flights for you and up to eight travel companions.
-
Preferred Pricing on Flight Awards: Access to preferred pricing on Aeroplan flight rewards.
-
Travel Insurance Coverage: Includes eight types of robust travel insurance.
-
Fast Track to Elite Status: Ability to reach Aeroplan Elite status more quickly.
-
American Express Experiences: Exclusive access to dining, sports, and entertainment events, plus Front Of The Line for presales and reserved tickets.
-
No Preset Spending Limit: Flexible spending based on credit history and account activity.
Cons
-
Limited Acceptance: American Express cards may not be as widely accepted as Visa or Mastercard.
-
High APR on Unpaid Balances: A steep annual interest rate of 30% for unpaid balances.
-
Limited Lounge Access: No access to Maple Leaf or PriorityPass lounges.
-
Restricted Points Earn Rate: The 2x points earn rate on Air Canada and Air Canada Vacations only applies to direct bookings through the airline.
-
Charge Card Expectations: You're expected to pay off the entire balance each month.
-
Specialized Rewards: High-value rewards primarily focused on redeeming for Air Canada flights.
American Express® Aeroplan®* Business Reserve Card
4
up to 90K pts
Good
Earn up to 90,000 Welcome Bonus Aeroplan®*points.
3x
Aeroplan Points For eligible direct purchases with Air Canada®* and Air Canada Vacations®*
2x
Aeroplan Points on eligible hotel and car rentals (in Canada)
1.25x
Aeroplan Points on everything else
Aeroplan Points For eligible direct purchases with Air Canada®* and Air Canada Vacations®*
3x
Aeroplan Points on eligible hotel and car rentals (in Canada)
2x
Aeroplan Points on everything else
1.25x
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$599
Annual Fee $199 for supplementary Aeroplan ®*Business Reserve Cards ($0 for Aeroplan®*Business Reserve No Fee)
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$599
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn Aeroplan points on business purchases
-
Airport lounge access
-
Travel insurance coverage
-
Welcome bonus
Cons
-
High annual fee
-
Limited to Aeroplan rewards
-
Requires good credit
3x
Aeroplan Points For eligible direct purchases with Air Canada®* and Air Canada Vacations®*
2x
Aeroplan Points on eligible hotel and car rentals (in Canada)
1.25x
Aeroplan Points on everything else
Aeroplan Points For eligible direct purchases with Air Canada®* and Air Canada Vacations®*
3x
Aeroplan Points on eligible hotel and car rentals (in Canada)
2x
Aeroplan Points on everything else
1.25x
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$599
Annual Fee $199 for supplementary Aeroplan ®*Business Reserve Cards ($0 for Aeroplan®*Business Reserve No Fee)
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$599
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn Aeroplan points on business purchases
-
Airport lounge access
-
Travel insurance coverage
-
Welcome bonus
Cons
-
High annual fee
-
Limited to Aeroplan rewards
-
Requires good credit
American Express® Business Edge
Earn up to 67,000 points*
3x
points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks (up to a maximum of 75,000 Membership Rewards points, 1x point thereafter)
1x
points for every $1 spent on everything else
10x
points - Welcome offer for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks in your first 6 months up to 10,000 points
points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks (up to a maximum of 75,000 Membership Rewards points, 1x point thereafter)
3x
points for every $1 spent on everything else
1x
points - Welcome offer for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks in your first 6 months up to 10,000 points
10x
21.99%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$99
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Generous welcome offer: Up to 67,000 Membership Rewards points available
-
High earn rate: 3x points on select business expenses like office supplies and dining
-
Free additional cards: Supplementary cards provided at no extra cost
-
Valuable insurance coverage: Includes purchase protection and car rental damage insurance
-
Points flexibility: Transfer points to Aeroplan and Avios, enhancing travel options
-
Business tools: Access to management tools for financial oversight
-
Payment flexibility: Offers balance carrying option, unlike traditional charge cards
Cons
-
Annual fee: Costs $99 per year
-
Limited acceptance: American Express not as widely accepted as Visa or Mastercard
-
Capped bonus categories: 3x points category limited to $25,000 in purchases yearly
-
Specific spend categories: High earn rates apply to certain business-related expenses only
3x
points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks (up to a maximum of 75,000 Membership Rewards points, 1x point thereafter)
1x
points for every $1 spent on everything else
10x
points - Welcome offer for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks in your first 6 months up to 10,000 points
points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks (up to a maximum of 75,000 Membership Rewards points, 1x point thereafter)
3x
points for every $1 spent on everything else
1x
points - Welcome offer for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks in your first 6 months up to 10,000 points
10x
21.99%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$99
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Generous welcome offer: Up to 67,000 Membership Rewards points available
-
High earn rate: 3x points on select business expenses like office supplies and dining
-
Free additional cards: Supplementary cards provided at no extra cost
-
Valuable insurance coverage: Includes purchase protection and car rental damage insurance
-
Points flexibility: Transfer points to Aeroplan and Avios, enhancing travel options
-
Business tools: Access to management tools for financial oversight
-
Payment flexibility: Offers balance carrying option, unlike traditional charge cards
Cons
-
Annual fee: Costs $99 per year
-
Limited acceptance: American Express not as widely accepted as Visa or Mastercard
-
Capped bonus categories: 3x points category limited to $25,000 in purchases yearly
-
Specific spend categories: High earn rates apply to certain business-related expenses only
American Express® Business Gold Rewards Card
3.5
max 110K pts
Good
Earn up to 110,000 points*
10,000
points each quarter when you charge $20,000 in net purchases to your Card
1x
on every $1 spent on everything else
points each quarter when you charge $20,000 in net purchases to your Card
10,000
on every $1 spent on everything else
1x
21.99% - 30.00%
Variable APR This charge Card has both Due in Full and Flexible Payment Option balances.
$199
Annual Fee Option to add Employee Business Gold Rewards Cards for $50 annually*
Variable APR
21.99% - 30.00%
Annual Fee
$199
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn Membership Rewards points on business spending
-
Flexible redemption options
-
Travel benefits including insurance
-
Welcome bonus
-
Earn reward points on all purchases
Cons
-
High annual fee
-
Requires good credit
10,000
points each quarter when you charge $20,000 in net purchases to your Card
1x
on every $1 spent on everything else
points each quarter when you charge $20,000 in net purchases to your Card
10,000
on every $1 spent on everything else
1x
21.99% - 30.00%
Variable APR This charge Card has both Due in Full and Flexible Payment Option balances.
$199
Annual Fee Option to add Employee Business Gold Rewards Cards for $50 annually*
Variable APR
21.99% - 30.00%
Annual Fee
$199
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn Membership Rewards points on business spending
-
Flexible redemption options
-
Travel benefits including insurance
-
Welcome bonus
-
Earn reward points on all purchases
Cons
-
High annual fee
-
Requires good credit
American Express® Gold Rewards Card
Earn up to 60,000 Membership Rewards® points1*
2
Earn 2 MR points per $1 dollar spent on travel (flights, hotels, car rentals, cruises and more)
2
Earn 2 MR points per $1 spent in everyday purchases (gas, groceries and drugstore purchases)
1
Earn 1 MR point per $1 dollar spent on everything else
1
Earn 1 additional MR point for every dollar charged on bookings made through Amex Travel Online
Earn 2 MR points per $1 dollar spent on travel (flights, hotels, car rentals, cruises and more)
2
Earn 2 MR points per $1 spent in everyday purchases (gas, groceries and drugstore purchases)
2
Earn 1 MR point per $1 dollar spent on everything else
1
Earn 1 additional MR point for every dollar charged on bookings made through Amex Travel Online
1
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$250
Annual Fee Includes annual $100 travel credit and 1 free additional card.
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$250
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Generous welcome bonus of up to 60,000 Membership Rewards® points.
-
Convertibility of Member Rewards® points to popular airline and hotel loyalty programs (e.g. Aeroplan, Marriott).
-
Earn two points per dollar on travel, gas, grocery and drugstore purchases.
-
$100 annual travel credit when booking through American Express® Travel online.
-
Built-in travel medical insurance and trip coverage.
Cons
-
$250 annual fee.
-
2.5% foreign transaction fee.
-
Travel medical insurance only covers those under age 65.
2
Earn 2 MR points per $1 dollar spent on travel (flights, hotels, car rentals, cruises and more)
2
Earn 2 MR points per $1 spent in everyday purchases (gas, groceries and drugstore purchases)
1
Earn 1 MR point per $1 dollar spent on everything else
1
Earn 1 additional MR point for every dollar charged on bookings made through Amex Travel Online
Earn 2 MR points per $1 dollar spent on travel (flights, hotels, car rentals, cruises and more)
2
Earn 2 MR points per $1 spent in everyday purchases (gas, groceries and drugstore purchases)
2
Earn 1 MR point per $1 dollar spent on everything else
1
Earn 1 additional MR point for every dollar charged on bookings made through Amex Travel Online
1
21.99%
Purchase APR on purchases
21.99%
Cash Advance APR
$250
Annual Fee Includes annual $100 travel credit and 1 free additional card.
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$250
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Generous welcome bonus of up to 60,000 Membership Rewards® points.
-
Convertibility of Member Rewards® points to popular airline and hotel loyalty programs (e.g. Aeroplan, Marriott).
-
Earn two points per dollar on travel, gas, grocery and drugstore purchases.
-
$100 annual travel credit when booking through American Express® Travel online.
-
Built-in travel medical insurance and trip coverage.
Cons
-
$250 annual fee.
-
2.5% foreign transaction fee.
-
Travel medical insurance only covers those under age 65.
American Express® Green Card
Earn 10,000 Membership Rewards® points1*
1 MR point
Earn 1 Membership Rewards point per $1 spent.
1 bonus point
Earn 1 additional MR point for every dollar charged to your card with Amex Travel Online.
Earn 1 Membership Rewards point per $1 spent.
1 MR point
Earn 1 additional MR point for every dollar charged to your card with Amex Travel Online.
1 bonus point
21.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee No annual fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee.
-
No income requirements (unlike many other no-fee cards).
-
Welcome bonus up to 10,000 points (a $200 value).
-
American Express® Experiences.
Cons
-
The card only offers basic extended warranty and purchase protection insurance. No travel insurance or rental car coverage.
-
Some places might not accept American Express®. However, most major retailers do (more small businesses are starting to as well)
-
Fewer perks: No specific benefits for travel or dining and no accelerated earning rates on grocery or travel spending.
-
Lower earn rates: The reward earn rates are lower than some other no-fee credit cards.
1 MR point
Earn 1 Membership Rewards point per $1 spent.
1 bonus point
Earn 1 additional MR point for every dollar charged to your card with Amex Travel Online.
Earn 1 Membership Rewards point per $1 spent.
1 MR point
Earn 1 additional MR point for every dollar charged to your card with Amex Travel Online.
1 bonus point
21.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee No annual fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee.
-
No income requirements (unlike many other no-fee cards).
-
Welcome bonus up to 10,000 points (a $200 value).
-
American Express® Experiences.
Cons
-
The card only offers basic extended warranty and purchase protection insurance. No travel insurance or rental car coverage.
-
Some places might not accept American Express®. However, most major retailers do (more small businesses are starting to as well)
-
Fewer perks: No specific benefits for travel or dining and no accelerated earning rates on grocery or travel spending.
-
Lower earn rates: The reward earn rates are lower than some other no-fee credit cards.
BMO AIR MILES Mastercard - Student
Get 800 AIR MILES Bonus Miles!* That’s enough for $80 towards purchases with AIR MILES Cash*
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee.
-
Welcome bonus of 800 AIR MILES Bonus Miles just for qualifying.
-
Amplified earn rates at AIR MILES Partners and grocery stores.
-
Extended warranty and purchase protection insurance.
Cons
-
High purchase and cash advance APRs for busy students on a budget.
-
No travel insurance coverage for a travel credit card.
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee.
-
Welcome bonus of 800 AIR MILES Bonus Miles just for qualifying.
-
Amplified earn rates at AIR MILES Partners and grocery stores.
-
Extended warranty and purchase protection insurance.
Cons
-
High purchase and cash advance APRs for busy students on a budget.
-
No travel insurance coverage for a travel credit card.
BMO AIR MILES®† MasterCard®*
4.2
800 AIR MILES
Good
Get 800 AIR MILES Bonus Miles!* That’s enough for $80 towards purchases with AIR MILES Cash*
3 miles
Get 3 Miles for every $25 spent with AIR MILES Partners.
2 miles
Get 2x the Miles for every $25 at grocery stores and supermarkets.
4 miles
Double up your Shell Go+ Miles on eligible fuel and in-store purchases.
Get 3 Miles for every $25 spent with AIR MILES Partners.
3 miles
Get 2x the Miles for every $25 at grocery stores and supermarkets.
2 miles
Double up your Shell Go+ Miles on eligible fuel and in-store purchases.
4 miles
20.99%
Purchase APR
22.99%
Balance Transfer Rate 0.99% introductory interest rate for 9 months (fee applies)*
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
3 miles
Get 3 Miles for every $25 spent with AIR MILES Partners.
2 miles
Get 2x the Miles for every $25 at grocery stores and supermarkets.
4 miles
Double up your Shell Go+ Miles on eligible fuel and in-store purchases.
Get 3 Miles for every $25 spent with AIR MILES Partners.
3 miles
Get 2x the Miles for every $25 at grocery stores and supermarkets.
2 miles
Double up your Shell Go+ Miles on eligible fuel and in-store purchases.
4 miles
20.99%
Purchase APR
22.99%
Balance Transfer Rate 0.99% introductory interest rate for 9 months (fee applies)*
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
BMO AIR MILES®† World Elite®* MasterCard®*
Get 2,000 AIR MILES Bonus Miles and BMO will waive the $120 annual fee for the first anniversary*.
3x
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*,
2x
2x the Miles for every $12 spent at any eligible grocery store*
1x
reward mile for every $12 in credit card purchases, everywhere you spend*
25%
discount on one worldwide AIR MILES flight redemption during the calendar year.*
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*,
3x
2x the Miles for every $12 spent at any eligible grocery store*
2x
reward mile for every $12 in credit card purchases, everywhere you spend*
1x
discount on one worldwide AIR MILES flight redemption during the calendar year.*
25%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Offers the largest Air Miles sign-up bonus on the market with a waived annual fee for the first anniversary*
-
High earn rates of up to 3x the Miles on eligible purchases
-
Exclusive travel discounts like 25% off one worldwide AIR MILES flight redemption annually
-
Airport lounge access through complimentary Mastercard Travel Pass membership
-
Comprehensive insurance package which covers medical, trip, flight delay, lost luggage and more
-
Additional Perks include Boingo Wi-Fi, BMO Concierge, digital subscriptions, and cash back promotions
Cons
-
An $80,000 personal/$150,000 household income is needed to qualify
-
Ideal for AIR MILES loyalists, may not suit those with a casual approach
-
The fixed redemption value for flights may not appeal to everyone
-
Optimal value only when frequently shopping at AIR MILES partners
3x
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*,
2x
2x the Miles for every $12 spent at any eligible grocery store*
1x
reward mile for every $12 in credit card purchases, everywhere you spend*
25%
discount on one worldwide AIR MILES flight redemption during the calendar year.*
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*,
3x
2x the Miles for every $12 spent at any eligible grocery store*
2x
reward mile for every $12 in credit card purchases, everywhere you spend*
1x
discount on one worldwide AIR MILES flight redemption during the calendar year.*
25%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Offers the largest Air Miles sign-up bonus on the market with a waived annual fee for the first anniversary*
-
High earn rates of up to 3x the Miles on eligible purchases
-
Exclusive travel discounts like 25% off one worldwide AIR MILES flight redemption annually
-
Airport lounge access through complimentary Mastercard Travel Pass membership
-
Comprehensive insurance package which covers medical, trip, flight delay, lost luggage and more
-
Additional Perks include Boingo Wi-Fi, BMO Concierge, digital subscriptions, and cash back promotions
Cons
-
An $80,000 personal/$150,000 household income is needed to qualify
-
Ideal for AIR MILES loyalists, may not suit those with a casual approach
-
The fixed redemption value for flights may not appeal to everyone
-
Optimal value only when frequently shopping at AIR MILES partners
BMO Ascend™ World Elite®* Mastercard®
Get up to 90,000 points and the annual fee waived in your first anniversary for both the primary cardholder and authorized users.*
Expires
May 31, 2024
5x
5x the points for every $1 spent on eligible travel purchases*
3x
3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments*
1x
1 point for every $1 spent everywhere else*
5x the points for every $1 spent on eligible travel purchases*
5x
3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments*
3x
1 point for every $1 spent everywhere else*
1x
20.99%
Purchase APR
23.99%
Balance Transfer Rate 21.99% for Quebec residents
23.99%
Cash Advance APR
$150
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$150
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High-value welcome offer
-
Flexible airport lounge access
-
BMO Rewards points can be used to cover flight taxes and fees
-
Great for those who frequently rent cars
-
Good for Costco and No Frills shoppers
Cons
-
So-so earn rates relative to its annual fee
-
Points have low redemption value compared to other travel rewards programs
-
Charges foreign transaction fees
-
Relatively high minimum income requirements
5x
5x the points for every $1 spent on eligible travel purchases*
3x
3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments*
1x
1 point for every $1 spent everywhere else*
5x the points for every $1 spent on eligible travel purchases*
5x
3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments*
3x
1 point for every $1 spent everywhere else*
1x
20.99%
Purchase APR
23.99%
Balance Transfer Rate 21.99% for Quebec residents
23.99%
Cash Advance APR
$150
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$150
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High-value welcome offer
-
Flexible airport lounge access
-
BMO Rewards points can be used to cover flight taxes and fees
-
Great for those who frequently rent cars
-
Good for Costco and No Frills shoppers
Cons
-
So-so earn rates relative to its annual fee
-
Points have low redemption value compared to other travel rewards programs
-
Charges foreign transaction fees
-
Relatively high minimum income requirements
BMO CashBack® Business Mastercard®*
4
10% cash back
Very Good
Get 10% cash back on gas, office supplies and cellphone and internet bill payments for 3 months!1 Plus, get a 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.† Offer is valid until March 31, 2024.
1.75%
cash back when you pay at the pump or shop in-store at Shell®††
1.5%
cash back on gas, office supplies and cellphone and internet bill payments†
0.75%
cash back on all other purchases
cash back when you pay at the pump or shop in-store at Shell®††
1.75%
cash back on gas, office supplies and cellphone and internet bill payments†
1.5%
cash back on all other purchases
0.75%
19.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$0
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Earn cash back on business purchases
-
No annual fee
-
Easy expense tracking with Mastercard Easy Savings
-
Fraud protection
Cons
-
Limited business-specific perks
-
Cash back rates lower than some competitors
1.75%
cash back when you pay at the pump or shop in-store at Shell®††
1.5%
cash back on gas, office supplies and cellphone and internet bill payments†
0.75%
cash back on all other purchases
cash back when you pay at the pump or shop in-store at Shell®††
1.75%
cash back on gas, office supplies and cellphone and internet bill payments†
1.5%
cash back on all other purchases
0.75%
19.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$0
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Earn cash back on business purchases
-
No annual fee
-
Easy expense tracking with Mastercard Easy Savings
-
Fraud protection
Cons
-
Limited business-specific perks
-
Cash back rates lower than some competitors
RBC Avion Visa Infinite
about new welcome offers by email
1
Earn 1 Avion point for every dollar you spend*.
25%
extra Avion points on eligible travel purchases
$1,500
mobile device insurance
3¢/L
savings on fuel at Petro-Canada and always earn 20% more Avion points
50
Be Well points for every $1 spent on eligible products at Rexall
20%
off at Hertz and earn 3x the Avion points
$0
delivery fees for 12 months from DoorDash
Earn 1 Avion point for every dollar you spend*.
1
extra Avion points on eligible travel purchases
25%
mobile device insurance
$1,500
savings on fuel at Petro-Canada and always earn 20% more Avion points
3¢/L
Be Well points for every $1 spent on eligible products at Rexall
50
off at Hertz and earn 3x the Avion points
20%
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 for each additional card
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Pros
-
Rewards program is highly flexible, transferable, and includes a slew of non-travel-related reward options
-
Partnerships with other retailers like HBC and Petro-Canada
-
Provides excellent travel insurance
-
New cardholders earn 35,000 welcome Avion points on approval*
-
Solid option for looking for a travel-centric points program
Cons
-
The points-to-dollars ratio is only average and there are few opportunities for accelerated earning.
-
The $120 annual fee isn’t cheap
-
High annual income requirement: Personal: $60,000 or Household: $100,000
1
Earn 1 Avion point for every dollar you spend*.
25%
extra Avion points on eligible travel purchases
$1,500
mobile device insurance
3¢/L
savings on fuel at Petro-Canada and always earn 20% more Avion points
50
Be Well points for every $1 spent on eligible products at Rexall
20%
off at Hertz and earn 3x the Avion points
$0
delivery fees for 12 months from DoorDash
Earn 1 Avion point for every dollar you spend*.
1
extra Avion points on eligible travel purchases
25%
mobile device insurance
$1,500
savings on fuel at Petro-Canada and always earn 20% more Avion points
3¢/L
Be Well points for every $1 spent on eligible products at Rexall
50
off at Hertz and earn 3x the Avion points
20%
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 for each additional card
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Pros
-
Rewards program is highly flexible, transferable, and includes a slew of non-travel-related reward options
-
Partnerships with other retailers like HBC and Petro-Canada
-
Provides excellent travel insurance
-
New cardholders earn 35,000 welcome Avion points on approval*
-
Solid option for looking for a travel-centric points program
Cons
-
The points-to-dollars ratio is only average and there are few opportunities for accelerated earning.
-
The $120 annual fee isn’t cheap
-
High annual income requirement: Personal: $60,000 or Household: $100,000
TD Cash Back Visa Infinite* Card
Earn up to $500 in value†, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500†. Conditions apply. Account must be approved by June 3, 2024.
Expires
Jun 4, 2024
3%
Earn 3% cash back on groceries, gas, and recurring bill payments†
1%
Earn 1% cash back on all other purchases†
50%
Earn 50% more Starbucks Stars when you link your TD card to your Starbucks account.†
Earn 3% cash back on groceries, gas, and recurring bill payments†
3%
Earn 1% cash back on all other purchases†
1%
Earn 50% more Starbucks Stars when you link your TD card to your Starbucks account.†
50%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee First additional cardholder is $50. After that, each card is $0.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Solid welcome offer
-
High earn rate for 3 popular categories
-
Can use cash back right away
-
useful automotive benefits
Cons
-
Maximum spend limit for 3% cash back
-
High annual fee for a cash back card
3%
Earn 3% cash back on groceries, gas, and recurring bill payments†
1%
Earn 1% cash back on all other purchases†
50%
Earn 50% more Starbucks Stars when you link your TD card to your Starbucks account.†
Earn 3% cash back on groceries, gas, and recurring bill payments†
3%
Earn 1% cash back on all other purchases†
1%
Earn 50% more Starbucks Stars when you link your TD card to your Starbucks account.†
50%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee First additional cardholder is $50. After that, each card is $0.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Solid welcome offer
-
High earn rate for 3 popular categories
-
Can use cash back right away
-
useful automotive benefits
Cons
-
Maximum spend limit for 3% cash back
-
High annual fee for a cash back card
TD First Class Travel® Visa Infinite* Card
Earn up to $800 in value†, including up to 100,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by June 3, 2024.
Expires
Jun 3, 2024
8 Points
Earn 8 TD Rewards Points for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Each year, received a birthday bonus equal to 10% of the total number of points earned over the 12 preceding months.†
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
USD
The annual fee is in USD
Earn 8 TD Rewards Points for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 Points
Each year, received a birthday bonus equal to 10% of the total number of points earned over the 12 preceding months.†
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
The annual fee is in USD
USD
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Annual fee is in USD. First additional cardholder is $50, subsequent cardholders are $0.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Major combined value for the welcome bonus (up to $800†)
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
8 Points
Earn 8 TD Rewards Points for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Each year, received a birthday bonus equal to 10% of the total number of points earned over the 12 preceding months.†
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
USD
The annual fee is in USD
Earn 8 TD Rewards Points for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 Points
Each year, received a birthday bonus equal to 10% of the total number of points earned over the 12 preceding months.†
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
The annual fee is in USD
USD
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Annual fee is in USD. First additional cardholder is $50, subsequent cardholders are $0.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Major combined value for the welcome bonus (up to $800†)
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
Scotiabank American Express
about new welcome offers by email
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more
2x
Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points¹ for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points¹ for every $1 you spend on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases.
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more
3x
Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points¹ for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points¹ for every $1 you spend on eligible select streaming services
2x
Scene+ point for every $1 spent on all other eligible everyday purchases.
1x
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee Additional cards are $0
2.50%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn 7,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more
2x
Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points¹ for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points¹ for every $1 you spend on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases.
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more
3x
Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points¹ for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points¹ for every $1 you spend on eligible select streaming services
2x
Scene+ point for every $1 spent on all other eligible everyday purchases.
1x
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee Additional cards are $0
2.50%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Earn 7,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Scotiabank Momentum® Visa Infinite
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on additional cards.
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
National Bank World Elite® Mastercard®
Very Good
Get up to $1,460 in benefits and rewards upon enrollment*
5 points
for every dollar spent at grocery stores and restaurants
$5,000,000
Maximum for the out-of-province-of-residence emergency medical coverage for up to 60 days
for every dollar spent at grocery stores and restaurants
5 points
Maximum for the out-of-province-of-residence emergency medical coverage for up to 60 days
$5,000,000
20.99%
Purchase APR
22.49%
Balance Transfer Rate
22.49%
Cash Advance APR
$150
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.49%
Cash Advance APR
22.49%
Annual Fee
$150
Very Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Generous earn categories and welcome bonus
-
Flexible point redemption
-
Impressive $150 travel expense redemption
-
Robust insurance, including mobile device insurance
-
Industry-leading extended warranty and purchase protection
Cons
-
$2,500 spend cap on the max rewards earn rate (from 5 points down to 2 points)
-
High income requirement of 80,000 individual or $150,000 household
-
Lounge visits are only available at one airport
-
High credit score needed
5 points
for every dollar spent at grocery stores and restaurants
$5,000,000
Maximum for the out-of-province-of-residence emergency medical coverage for up to 60 days
for every dollar spent at grocery stores and restaurants
5 points
Maximum for the out-of-province-of-residence emergency medical coverage for up to 60 days
$5,000,000
20.99%
Purchase APR
22.49%
Balance Transfer Rate
22.49%
Cash Advance APR
$150
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.49%
Cash Advance APR
22.49%
Annual Fee
$150
Very Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Generous earn categories and welcome bonus
-
Flexible point redemption
-
Impressive $150 travel expense redemption
-
Robust insurance, including mobile device insurance
-
Industry-leading extended warranty and purchase protection
Cons
-
$2,500 spend cap on the max rewards earn rate (from 5 points down to 2 points)
-
High income requirement of 80,000 individual or $150,000 household
-
Lounge visits are only available at one airport
-
High credit score needed
CIBC Aeroplan® Visa* Card
Earn up to 10,000 Aeroplan points (up to $200 in value)
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
1 point
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for up to 3 additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Household Income
$15,000
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
1 point
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for up to 3 additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Household Income
$15,000
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
Capital One Guaranteed Secured Mastercard
Poor
about new welcome offers by email
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$59
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for those with weak credit
-
Helps build or repair credit history with responsible use
-
Low annual fee
-
Purchase and travel benefits for available for those who qualify for the unsecured card version
Cons
-
High interest rate
-
Limited extra features for secured cards
-
Security funds are required for the secured version
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$59
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for those with weak credit
-
Helps build or repair credit history with responsible use
-
Low annual fee
-
Purchase and travel benefits for available for those who qualify for the unsecured card version
Cons
-
High interest rate
-
Limited extra features for secured cards
-
Security funds are required for the secured version
EQ Bank Card
3
Fair
about new welcome offers by email
0.5%
cash back on purchases
2.5%
interest on your balance
cash back on purchases
0.5%
interest on your balance
2.5%
0.00%
Purchase APR
$0
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
0.00%
Annual Fee
$0
Foreign Transaction Fee
0.00%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
0.5%
cash back on purchases
2.5%
interest on your balance
cash back on purchases
0.5%
interest on your balance
2.5%
0.00%
Purchase APR
$0
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
0.00%
Annual Fee
$0
Foreign Transaction Fee
0.00%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Home Trust Preferred Visa
Good
No annual fee and no foreign exchange fees
1%
Earn 1% cash back on all purchases with no cap.
Earn 1% cash back on all purchases with no cap.
1%
21.99%
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
$0
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee
-
1% cash back on all purchases with no cap
-
No foreign transaction fees
-
Purchase protection included
-
Ideal for frequent travelers and online shoppers
Cons
-
No cash back on transactions in foreign currency
-
Not available to Quebec residents
1%
Earn 1% cash back on all purchases with no cap.
Earn 1% cash back on all purchases with no cap.
1%
21.99%
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
$0
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee
-
1% cash back on all purchases with no cap
-
No foreign transaction fees
-
Purchase protection included
-
Ideal for frequent travelers and online shoppers
Cons
-
No cash back on transactions in foreign currency
-
Not available to Quebec residents
Scotiabank Passport® Visa Infinite*
Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived
Expires
Jul 2, 2024
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities.
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities.
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
BMO CashBack® MasterCard®
Get 5% cash back in your first 3 months*
Expires
Jun 1, 2024
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
3%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
1%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
0.5%
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No Annual Fee: A rare find in Canada for a cash back card
-
A generous 3% cash back on groceries (up to $500 monthly)
-
Easily redeem from $1, set up automatic redemptions, or use as a statement credit
-
Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
-
Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
-
Monthly caps on top earn rates for groceries and recurring payments
-
A 2% balance transfer fee applies
-
The interest rate on the remaining balance transfer amount increases after the introductory period
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
3%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
1%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
0.5%
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No Annual Fee: A rare find in Canada for a cash back card
-
A generous 3% cash back on groceries (up to $500 monthly)
-
Easily redeem from $1, set up automatic redemptions, or use as a statement credit
-
Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
-
Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
-
Monthly caps on top earn rates for groceries and recurring payments
-
A 2% balance transfer fee applies
-
The interest rate on the remaining balance transfer amount increases after the introductory period
BMO CashBack® Mastercard®* for students
Get 5% cash back in your first 3 months.*
3%
Earn 3% cash back on groceries
1%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
0.5%
Earn 0.5% cash back on all other purchases
Earn 3% cash back on groceries
3%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
1%
Earn 0.5% cash back on all other purchases
0.5%
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee: this makes it cost-effective for students looking to build credit without incurring additional expenses.
-
Earn cash back on everyday purchases, including up to 5% cash back on every purchase in your first three months.
-
Credit building: If you’re responsible, you can build a positive credit history, which helps you get better credit cards and more
Cons
-
Higher interest rates: If you can’t pay off your balance in full, opt for a low interest credit card
-
Limited additional benefits: While there are some benefits, it’s not the full suite of perks, but then again, there’s no annual fee.
3%
Earn 3% cash back on groceries
1%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
0.5%
Earn 0.5% cash back on all other purchases
Earn 3% cash back on groceries
3%
Earn 1% cash back on recurring bill payments like your mobile phone, streaming and subscription services
1%
Earn 0.5% cash back on all other purchases
0.5%
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee: this makes it cost-effective for students looking to build credit without incurring additional expenses.
-
Earn cash back on everyday purchases, including up to 5% cash back on every purchase in your first three months.
-
Credit building: If you’re responsible, you can build a positive credit history, which helps you get better credit cards and more
Cons
-
Higher interest rates: If you can’t pay off your balance in full, opt for a low interest credit card
-
Limited additional benefits: While there are some benefits, it’s not the full suite of perks, but then again, there’s no annual fee.
BMO CashBack® World Elite® Mastercard
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*.
Expires
Nov 30, 2024
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee
2.90%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.90%
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee
2.90%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.90%
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
BMO Eclipse Visa Infinite
Get up to 60,000 points worth $400 in travel rewards, a $50 lifestyle credit and the $120 annual fee waived in the first year - that's a $570 value in your first anniversary!*
Expires
May 31, 2024
5x
the points for every $1 spent on groceries, gas, dining in and out and transit.*
10%
Earn 10% more points when you add an authorized user to your account.*
$50
annual lifestyle credit to spend however you want*
the points for every $1 spent on groceries, gas, dining in and out and transit.*
5x
Earn 10% more points when you add an authorized user to your account.*
10%
annual lifestyle credit to spend however you want*
$50
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee One Hundred And Twenty - annual fee waived in the first year
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Excellent welcome offer: Get up to 60,000 points and a $50 lifestyle credit
-
Good earn rate in top spending categories
-
First year annual fee waiver* (Value: $120)
-
Includes new mobile device insurance: Up to $1,000 in coverage**
-
Annual $50 lifestyle credit to spend however you like*
-
Includes comprehensive travel insurance
-
Access to exclusive Visa Infinite benefits
Cons
-
High minimum annual income: Minimum $60,000 (individual) or $100,000 (household)
-
Insurance doesn't include trip cancellation coverage
5x
the points for every $1 spent on groceries, gas, dining in and out and transit.*
10%
Earn 10% more points when you add an authorized user to your account.*
$50
annual lifestyle credit to spend however you want*
the points for every $1 spent on groceries, gas, dining in and out and transit.*
5x
Earn 10% more points when you add an authorized user to your account.*
10%
annual lifestyle credit to spend however you want*
$50
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee One Hundred And Twenty - annual fee waived in the first year
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Excellent welcome offer: Get up to 60,000 points and a $50 lifestyle credit
-
Good earn rate in top spending categories
-
First year annual fee waiver* (Value: $120)
-
Includes new mobile device insurance: Up to $1,000 in coverage**
-
Annual $50 lifestyle credit to spend however you like*
-
Includes comprehensive travel insurance
-
Access to exclusive Visa Infinite benefits
Cons
-
High minimum annual income: Minimum $60,000 (individual) or $100,000 (household)
-
Insurance doesn't include trip cancellation coverage
BMO eclipse Visa Infinite Privilege
Get up to 120,000 Points*
Expires
May 31, 2024
5
Cardholders earn an impressive 5 BMO Rewards points per $1 spent in essential categories like travel, dining, gas, groceries, and pharmacy*. This bonus applies up to an annual threshold of $50,000.
1
You’ll earn 1 BMO Rewards point per $1 spent in these categories after that threshold as been met. Other purchases will earn 1 BMO Rewards point per $1 spent*.
Cardholders earn an impressive 5 BMO Rewards points per $1 spent in essential categories like travel, dining, gas, groceries, and pharmacy*. This bonus applies up to an annual threshold of $50,000.
5
You’ll earn 1 BMO Rewards point per $1 spent in these categories after that threshold as been met. Other purchases will earn 1 BMO Rewards point per $1 spent*.
1
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99 for Quebec residents
$499
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$499
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
Strong welcome bonus
-
High rewards earning rate*
-
Earn more when you add supplemental cards*
-
Annual lifestyle credit*
-
Mobile device insurance*
-
Extensive travel insurance*
-
Extended warranty and purchase assurance*
-
Visa Airport Companion membership and 6 complimentary airport lounge visits per year - over $250 USD* in value
-
Access to Visa Infinite Dining Series and Visa Infinite Wine Country*
Cons
-
High annual fee
-
High eligibility requirements
-
The welcome bonus is not awarded immediately
-
High rewards earning rate reduces after $50,000 spend
5
Cardholders earn an impressive 5 BMO Rewards points per $1 spent in essential categories like travel, dining, gas, groceries, and pharmacy*. This bonus applies up to an annual threshold of $50,000.
1
You’ll earn 1 BMO Rewards point per $1 spent in these categories after that threshold as been met. Other purchases will earn 1 BMO Rewards point per $1 spent*.
Cardholders earn an impressive 5 BMO Rewards points per $1 spent in essential categories like travel, dining, gas, groceries, and pharmacy*. This bonus applies up to an annual threshold of $50,000.
5
You’ll earn 1 BMO Rewards point per $1 spent in these categories after that threshold as been met. Other purchases will earn 1 BMO Rewards point per $1 spent*.
1
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99 for Quebec residents
$499
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$499
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
Strong welcome bonus
-
High rewards earning rate*
-
Earn more when you add supplemental cards*
-
Annual lifestyle credit*
-
Mobile device insurance*
-
Extensive travel insurance*
-
Extended warranty and purchase assurance*
-
Visa Airport Companion membership and 6 complimentary airport lounge visits per year - over $250 USD* in value
-
Access to Visa Infinite Dining Series and Visa Infinite Wine Country*
Cons
-
High annual fee
-
High eligibility requirements
-
The welcome bonus is not awarded immediately
-
High rewards earning rate reduces after $50,000 spend
BMO Preferred Rate Mastercard®*
Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee and BMO will waive the $29 annual fee in your first anniversary*.
0.99%
0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee on your first anniversary.*
0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee on your first anniversary.*
0.99%
13.99%
Purchase APR
0.99%
Balance Transfer Rate 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee in your first anniversary
15.99%
Cash Advance APR
$29
Annual Fee
Purchase APR
13.99%
Balance Transfer Rate
0.99%
Cash Advance APR
15.99%
Annual Fee
$29
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Low-interest rate: Offers a competitive purchase interest rate
-
Introductory balance transfer offer for the first nine months
-
First-year annual fee waiver
-
BMO PaySmart™ Installment plans: Turn new credit card purchases into small, interest-free monthly payments with a small fee.
-
Additional cardholder: You can add an additional cardholder for free
Cons
-
No rewards: Your focus is paying down debt, not collecting miles.
-
Foreign transaction fee: Charges a 2.5% fee on foreign transactions.
-
Balance transfer fee: While normal, it’s a bit painful to have to fork over a 2% fee on balance transfers.
0.99%
0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee on your first anniversary.*
0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee on your first anniversary.*
0.99%
13.99%
Purchase APR
0.99%
Balance Transfer Rate 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee and BMO will waive the annual fee in your first anniversary
15.99%
Cash Advance APR
$29
Annual Fee
Purchase APR
13.99%
Balance Transfer Rate
0.99%
Cash Advance APR
15.99%
Annual Fee
$29
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Low-interest rate: Offers a competitive purchase interest rate
-
Introductory balance transfer offer for the first nine months
-
First-year annual fee waiver
-
BMO PaySmart™ Installment plans: Turn new credit card purchases into small, interest-free monthly payments with a small fee.
-
Additional cardholder: You can add an additional cardholder for free
Cons
-
No rewards: Your focus is paying down debt, not collecting miles.
-
Foreign transaction fee: Charges a 2.5% fee on foreign transactions.
-
Balance transfer fee: While normal, it’s a bit painful to have to fork over a 2% fee on balance transfers.
BMO Rewards Mastercard
Good
about new welcome offers by email
Discontinued
This card has been discontinued.
This card has been discontinued.
Discontinued
20.99%
Purchase APR
0.99%
Balance Transfer Rate Introductory interest rate for 9 months with a 2% transfer fee
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
0.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee with a substantial welcome offer
-
Earn Air Miles with both credit and collector cards
-
Potential for upwards of an exceptional 2.04% travel earn rate
-
Additional Benefits include discounts, insurance, and a low balance transfer rate
Cons
-
A 2% fee applies to balance transfers.
-
Limited redemption options
-
Variable redemption values may vary based on last-minute short-haul flights
-
Its specific rewards program is best for those interested in Air Miles loyalty program
Discontinued
This card has been discontinued.
This card has been discontinued.
Discontinued
20.99%
Purchase APR
0.99%
Balance Transfer Rate Introductory interest rate for 9 months with a 2% transfer fee
22.99%
Cash Advance APR 21.99% for Quebec residents
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
0.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee with a substantial welcome offer
-
Earn Air Miles with both credit and collector cards
-
Potential for upwards of an exceptional 2.04% travel earn rate
-
Additional Benefits include discounts, insurance, and a low balance transfer rate
Cons
-
A 2% fee applies to balance transfers.
-
Limited redemption options
-
Variable redemption values may vary based on last-minute short-haul flights
-
Its specific rewards program is best for those interested in Air Miles loyalty program
BMO U.S. Dollar Mastercard®*
Very Good
about new welcome offers by email
20.99%
Purchase APR
$49
Annual Fee USD, rebated the following year if you spend $3,000 USD in one year on your card
Purchase APR
20.99%
Annual Fee
$49
Very Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$15,000
Pros
-
Savings on foreign transaction fees: Ideal for transactions in U.S. dollars, saving users the usual 2.5% foreign transaction fee
-
Annual fee rebate: The annual fee is rebated the following year if you spend US$3,000 per year.
-
Additional card options: You have the option to get additional cards for family members or employees for free.
Cons
-
Limited rewards: No cash back or travel points.
-
U.S. dollar payments: Balances must be paid in U.S. dollars.
-
Credit score requirements: A higher credit score may be required to qualify for this card.
-
Limited insurance included: Purchase protection for 90 days and extended warranty, but no travel insurance.
20.99%
Purchase APR
$49
Annual Fee USD, rebated the following year if you spend $3,000 USD in one year on your card
Purchase APR
20.99%
Annual Fee
$49
Very Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$15,000
Pros
-
Savings on foreign transaction fees: Ideal for transactions in U.S. dollars, saving users the usual 2.5% foreign transaction fee
-
Annual fee rebate: The annual fee is rebated the following year if you spend US$3,000 per year.
-
Additional card options: You have the option to get additional cards for family members or employees for free.
Cons
-
Limited rewards: No cash back or travel points.
-
U.S. dollar payments: Balances must be paid in U.S. dollars.
-
Credit score requirements: A higher credit score may be required to qualify for this card.
-
Limited insurance included: Purchase protection for 90 days and extended warranty, but no travel insurance.
BMO® Prepaid Mastercard®*
Fair
about new welcome offers by email
N/A
There are no rewards with the BMO Prepaid Mastercard
There are no rewards with the BMO Prepaid Mastercard
N/A
0.00%
Purchase APR N/A
$6.95
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
0.00%
Annual Fee
$6.95
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
N/A
There are no rewards with the BMO Prepaid Mastercard
There are no rewards with the BMO Prepaid Mastercard
N/A
0.00%
Purchase APR N/A
$6.95
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
0.00%
Annual Fee
$6.95
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Capital One Aspire Travel™ Platinum Mastercard®
Fair
about new welcome offers by email
1x
Earn 1 Reward Mile for every $1 spent.
Earn 1 Reward Mile for every $1 spent.
1x
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$0
Annual Fee Add an authorized user for $0.
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Earn 1 mile per $1 with no purchase ambiguity
-
Flexible miles for retroactive travel purchases
-
$0 annual fee
-
Price protection for marked-down items
-
Basic travel insurance coverage
-
Redeem miles for gift cards and cash back
Cons
-
Basic travel insurance compared to some competitors
-
$100/item limit on price protection
-
Limited features for high-end travel benefits
-
No specific travel perks or elite status
-
May not suit high-spenders seeking premium rewards
1x
Earn 1 Reward Mile for every $1 spent.
Earn 1 Reward Mile for every $1 spent.
1x
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$0
Annual Fee Add an authorized user for $0.
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Earn 1 mile per $1 with no purchase ambiguity
-
Flexible miles for retroactive travel purchases
-
$0 annual fee
-
Price protection for marked-down items
-
Basic travel insurance coverage
-
Redeem miles for gift cards and cash back
Cons
-
Basic travel insurance compared to some competitors
-
$100/item limit on price protection
-
Limited features for high-end travel benefits
-
No specific travel perks or elite status
-
May not suit high-spenders seeking premium rewards
Capital One Guaranteed Mastercard
Poor
about new welcome offers by email
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$59
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for rebuilding credit
-
Option for an unsecured version for some applicants
-
$59 annual fee, with potential for a lower rate on unsecured card
-
Additional benefits like Price Protection and extended warranties
-
Travel benefits for unsecured cardholders
-
Mastercard's Zero Liability and 24/7 customer service
Cons
-
$59 annual fee may be higher than some secured cards
-
19.80% interest rate on purchases, balance transfers, and cash advances
-
Extra features available only on unsecured cards
-
Limited benefits compared to premium credit cards
-
Secured card requires security funds between $75 and $300
-
Consideration needed for the slightly more expensive low-rate version
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$59
Annual Fee
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$59
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for rebuilding credit
-
Option for an unsecured version for some applicants
-
$59 annual fee, with potential for a lower rate on unsecured card
-
Additional benefits like Price Protection and extended warranties
-
Travel benefits for unsecured cardholders
-
Mastercard's Zero Liability and 24/7 customer service
Cons
-
$59 annual fee may be higher than some secured cards
-
19.80% interest rate on purchases, balance transfers, and cash advances
-
Extra features available only on unsecured cards
-
Limited benefits compared to premium credit cards
-
Secured card requires security funds between $75 and $300
-
Consideration needed for the slightly more expensive low-rate version
Capital One Smart Rewards™ Mastercard®
Fair
about new welcome offers by email
5 points
for every $1 paid toward your balance.
for every $1 paid toward your balance.
5 points
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$0
Annual Fee $0 for any additional cards
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$0
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Earns five points per dollar paid towards the balance
-
Points don’t expire
-
Pre-approval without impacting credit score
-
Travel assistance and Mastercard Global Service
-
Strong insurance coverage (common carrier, baggage delay, rental car, purchase assurance, and extended warranty)
-
Price protection service
-
Zero liability for unauthorized purchases
Cons
-
Low rewards earn rate (0.67%)
-
Slightly higher interest rate (21.9%)
-
Price protection is capped at $500 per year
-
Limited to Capital One's redemption options
5 points
for every $1 paid toward your balance.
for every $1 paid toward your balance.
5 points
21.90%
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$0
Annual Fee $0 for any additional cards
Purchase APR
21.90%
Balance Transfer Rate
21.90%
Cash Advance APR
21.90%
Annual Fee
$0
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Earns five points per dollar paid towards the balance
-
Points don’t expire
-
Pre-approval without impacting credit score
-
Travel assistance and Mastercard Global Service
-
Strong insurance coverage (common carrier, baggage delay, rental car, purchase assurance, and extended warranty)
-
Price protection service
-
Zero liability for unauthorized purchases
Cons
-
Low rewards earn rate (0.67%)
-
Slightly higher interest rate (21.9%)
-
Price protection is capped at $500 per year
-
Limited to Capital One's redemption options
Capital One® Low Rate Guaranteed Mastercard®
Poor
about new welcome offers by email
14.90%
Purchase APR
14.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$79
Annual Fee
Purchase APR
14.90%
Balance Transfer Rate
14.90%
Cash Advance APR
21.90%
Annual Fee
$79
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for Gold or Secured version
-
Low interest rate on purchases and transfers
-
Gold version offers extra perks like Price Protection
-
Benefits tailored for those with low credit scores
-
Competitive compared to similar secured cards
Cons
-
Annual fee
-
Secured version lacks some features of Gold
-
Cash advance interest rate is relatively high
-
Limited travel insurance, only with Gold version
-
Benefits may not outweigh annual fee for some
14.90%
Purchase APR
14.90%
Balance Transfer Rate
21.90%
Cash Advance APR
$79
Annual Fee
Purchase APR
14.90%
Balance Transfer Rate
14.90%
Cash Advance APR
21.90%
Annual Fee
$79
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Guaranteed approval for Gold or Secured version
-
Low interest rate on purchases and transfers
-
Gold version offers extra perks like Price Protection
-
Benefits tailored for those with low credit scores
-
Competitive compared to similar secured cards
Cons
-
Annual fee
-
Secured version lacks some features of Gold
-
Cash advance interest rate is relatively high
-
Limited travel insurance, only with Gold version
-
Benefits may not outweigh annual fee for some
CIBC Aeroplan® Visa Infinite* Card
Up to 50,000 Aeroplan points ($1,000 in travel value), free first checked bag, and an annual fee rebate
1.5 pts
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 pt
for every $1 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and more than 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1.5 pts
for every $1 you spend on all other purchases.
1 pt
Earn points twice at over 150 Aeroplan partners and more than 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR 21.99% for Quebec residents
$139
Annual Fee Free with CIBC Smart Plus™ Account. $50 for each additional card (up to 3).
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$139
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Earn up to 50,000 bonus Aeroplan points in the first year
-
Earn up to 1.5 Aeroplan points on purchases
-
Free checked bags on Air Canada flights
-
Special pricing on Aeroplan flight rewards
-
Includes travel insurance
Cons
-
High income requirement of either $60,000 personal or $100,000 household
-
Rewards go furthest when redeeming for Air Canada flights, so that can limit your travel options
1.5 pts
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 pt
for every $1 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and more than 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1.5 pts
for every $1 you spend on all other purchases.
1 pt
Earn points twice at over 150 Aeroplan partners and more than 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR 21.99% for Quebec residents
$139
Annual Fee Free with CIBC Smart Plus™ Account. $50 for each additional card (up to 3).
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$139
Very Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Earn up to 50,000 bonus Aeroplan points in the first year
-
Earn up to 1.5 Aeroplan points on purchases
-
Free checked bags on Air Canada flights
-
Special pricing on Aeroplan flight rewards
-
Includes travel insurance
Cons
-
High income requirement of either $60,000 personal or $100,000 household
-
Rewards go furthest when redeeming for Air Canada flights, so that can limit your travel options
CIBC Aeroplan® Visa Infinite Privilege* Card
Get up to 70,000 Aeroplan® points (up to $1,400 in travel value,) free checked bags, complimentary lounge access, and more.
1.5 points
for every $1 you spend on eligible gas, electric vehicle charging, groceries, travel and dining.
2 points
for every $1 you spend with Air Canada directly, including through Air Canada Vacations®
1.25 points
for every $1 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries, travel and dining.
1.5 points
for every $1 you spend with Air Canada directly, including through Air Canada Vacations®
2 points
for every $1 you spend on all other purchases.
1.25 points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$599
Annual Fee $149 each for up to 9 additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
80,000 bonus reward points
-
Earn up to two points per dollar spent
-
Free checked bags with Air Canada
-
A NEXUS application rebate
-
Lounge access with Maple Leaf Lounges
-
A great travel insurance package
Cons
-
A high cost of $599 per year
-
High income requirements of $150,000 per year individual or $200,000 per year household
-
The highest redemption category for points is when you spend directly with Air Canada, which might deter some users
1.5 points
for every $1 you spend on eligible gas, electric vehicle charging, groceries, travel and dining.
2 points
for every $1 you spend with Air Canada directly, including through Air Canada Vacations®
1.25 points
for every $1 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore.
for every $1 you spend on eligible gas, electric vehicle charging, groceries, travel and dining.
1.5 points
for every $1 you spend with Air Canada directly, including through Air Canada Vacations®
2 points
for every $1 you spend on all other purchases.
1.25 points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore.
2x
20.99%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$599
Annual Fee $149 each for up to 9 additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
80,000 bonus reward points
-
Earn up to two points per dollar spent
-
Free checked bags with Air Canada
-
A NEXUS application rebate
-
Lounge access with Maple Leaf Lounges
-
A great travel insurance package
Cons
-
A high cost of $599 per year
-
High income requirements of $150,000 per year individual or $200,000 per year household
-
The highest redemption category for points is when you spend directly with Air Canada, which might deter some users
CIBC Air Canada® AC conversion™ Visa*
Good
about new welcome offers by email
N/A
This card does not offer rewards
This card does not offer rewards
N/A
0.00%
Purchase APR non-Quebec residents†
$0
Annual Fee No annual fee
2.50%
Foreign Transaction Fee Foreign exchange fee only applies to unsupported currencies
Purchase APR
0.00%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
N/A
This card does not offer rewards
This card does not offer rewards
N/A
0.00%
Purchase APR non-Quebec residents†
$0
Annual Fee No annual fee
2.50%
Foreign Transaction Fee Foreign exchange fee only applies to unsupported currencies
Purchase APR
0.00%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
CIBC Aventura® Gold Visa
Get a total of up to 40,000 Aventura Points during your first year†
2
Earn 2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre†
1
Earn 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
Earn 1 point for every $1 spent on all other eligible purchases†
Earn 2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre†
2
Earn 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
Earn 1 point for every $1 spent on all other eligible purchases†
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$139
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
High value welcome offer
-
Minimal household annual income required
-
Exceptional points-redeemable travel opportunities and other perks
Cons
-
High annual fee (rebated for your first year)†
2
Earn 2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre†
1
Earn 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
Earn 1 point for every $1 spent on all other eligible purchases†
Earn 2 points for every $1 spent on eligible travel purchased through the CIBC Rewards Centre†
2
Earn 1.5 points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
Earn 1 point for every $1 spent on all other eligible purchases†
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$139
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
High value welcome offer
-
Minimal household annual income required
-
Exceptional points-redeemable travel opportunities and other perks
Cons
-
High annual fee (rebated for your first year)†
CIBC Aventura® Visa
Get up to 10,000 Aventura Points (up to $100 in travel value†); Earn up to 2,500 Aventura Points† for completing bonus activities within 60 days from your account approval† 7,500 Aventura Points after you make your first purchase within first 4 months.†
1
point for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre†
1
point for every $2 spent on all other purchases†
point for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre†
1
point for every $2 spent on all other purchases†
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
Easy to earn welcome bonus
-
Points can be earned on all purchases
-
Use Aventura Points to cover full airfare including taxes and fees
-
Can book with any airline with no blackout periods and points don’t expire†
Cons
-
Lower earn rate than some other travel cards on the market
1
point for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre†
1
point for every $2 spent on all other purchases†
point for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre†
1
point for every $2 spent on all other purchases†
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$0
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
Easy to earn welcome bonus
-
Points can be earned on all purchases
-
Use Aventura Points to cover full airfare including taxes and fees
-
Can book with any airline with no blackout periods and points don’t expire†
Cons
-
Lower earn rate than some other travel cards on the market
CIBC Aventura® Visa Infinite
Good
Join and get up to $1,500 in value including a first year annual fee rebate!†
2
Earn 2 points per $1 spent on travel purchases through the CIBC Rewards Centre†
1.5
Earn 1.5 points for every $1 spent on eligible purchases at eligible gas stations, EV charging, grocery stores, and drug stores. Available on the first $80,000 in net annual card purchases on your account.
1
After exceeding $80k in purchases, cardholders will earn 1 point per $1 spent in these categories until the annual limit resets each December.
Earn 2 points per $1 spent on travel purchases through the CIBC Rewards Centre†
2
Earn 1.5 points for every $1 spent on eligible purchases at eligible gas stations, EV charging, grocery stores, and drug stores. Available on the first $80,000 in net annual card purchases on your account.
1.5
After exceeding $80k in purchases, cardholders will earn 1 point per $1 spent in these categories until the annual limit resets each December.
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$139
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
Recommended Credit Score
Good
2
Earn 2 points per $1 spent on travel purchases through the CIBC Rewards Centre†
1.5
Earn 1.5 points for every $1 spent on eligible purchases at eligible gas stations, EV charging, grocery stores, and drug stores. Available on the first $80,000 in net annual card purchases on your account.
1
After exceeding $80k in purchases, cardholders will earn 1 point per $1 spent in these categories until the annual limit resets each December.
Earn 2 points per $1 spent on travel purchases through the CIBC Rewards Centre†
2
Earn 1.5 points for every $1 spent on eligible purchases at eligible gas stations, EV charging, grocery stores, and drug stores. Available on the first $80,000 in net annual card purchases on your account.
1.5
After exceeding $80k in purchases, cardholders will earn 1 point per $1 spent in these categories until the annual limit resets each December.
1
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate for non-Quebec residents†
22.99%
Cash Advance APR for non-Quebec residents†
$139
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Good
Recommended Credit Score
Recommended Credit Score
Good
CIBC Aventura® Visa Infinite Privilege* Card
Get a total of up to 80,000 Aventura Points† (up to $1,600 in travel value) during your first year
3 points
for every $1 spent on travel purchased through CIBC Rewards Centre
2 points
for every $1 spent on eligible dining, entertainment, transportation, gas, electric vehicle charging, and groceries
1.25 points
for every $1 spent on all other purchases
6
complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program
$200
annual Travel Credit
2
NEXUS Application Fee rebates
for every $1 spent on travel purchased through CIBC Rewards Centre
3 points
for every $1 spent on eligible dining, entertainment, transportation, gas, electric vehicle charging, and groceries
2 points
for every $1 spent on all other purchases
1.25 points
complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program
6
annual Travel Credit
$200
NEXUS Application Fee rebates
2
20.96%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$499
Annual Fee $99 for each additional card (up to 9)
Purchase APR
20.96%
Cash Advance APR
22.99%
Annual Fee
$499
Very Good
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
A welcome bonus of up to 80,000 points
-
Up to three points per dollar spent (two points for the most popular spending categories, though)
-
Six complimentary visits at over 1,200 lounges per year through the Visa Airport Companion Program
-
$200 annual travel credit
-
Two NEXUS application fee rebates
-
Robust travel insurance, including emergency medical, trip cancellation, flight and baggage delay, auto rental collision and loss and more
Cons
-
Only available to those who make $150,000 per year as an individual or $200,000 as a household
-
High interest rates: 20.99% for purchases and 22.99% for cash advances (21.99% for Quebec residents)
-
High fee of $499 per year
-
Despite this being a luxury travel card, you’ll have to pay foreign exchange fees
-
Have to spend $6,000 on the card within the first four months to unlock the maximum welcome bonus
3 points
for every $1 spent on travel purchased through CIBC Rewards Centre
2 points
for every $1 spent on eligible dining, entertainment, transportation, gas, electric vehicle charging, and groceries
1.25 points
for every $1 spent on all other purchases
6
complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program
$200
annual Travel Credit
2
NEXUS Application Fee rebates
for every $1 spent on travel purchased through CIBC Rewards Centre
3 points
for every $1 spent on eligible dining, entertainment, transportation, gas, electric vehicle charging, and groceries
2 points
for every $1 spent on all other purchases
1.25 points
complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program
6
annual Travel Credit
$200
NEXUS Application Fee rebates
2
20.96%
Purchase APR non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$499
Annual Fee $99 for each additional card (up to 9)
Purchase APR
20.96%
Cash Advance APR
22.99%
Annual Fee
$499
Very Good
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
A welcome bonus of up to 80,000 points
-
Up to three points per dollar spent (two points for the most popular spending categories, though)
-
Six complimentary visits at over 1,200 lounges per year through the Visa Airport Companion Program
-
$200 annual travel credit
-
Two NEXUS application fee rebates
-
Robust travel insurance, including emergency medical, trip cancellation, flight and baggage delay, auto rental collision and loss and more
Cons
-
Only available to those who make $150,000 per year as an individual or $200,000 as a household
-
High interest rates: 20.99% for purchases and 22.99% for cash advances (21.99% for Quebec residents)
-
High fee of $499 per year
-
Despite this being a luxury travel card, you’ll have to pay foreign exchange fees
-
Have to spend $6,000 on the card within the first four months to unlock the maximum welcome bonus
CIBC Costco®† Mastercard®
Earn up to 3% cash back on eligible purchases everywhere Mastercard is accepted.
3%
cash back at restaurants and at Costco gas
2%
cash back at other gas stations and at Costco.ca
1%
cash back on all other purchases including at Costco
cash back at restaurants and at Costco gas
3%
cash back at other gas stations and at Costco.ca
2%
cash back on all other purchases including at Costco
1%
20.75%
Purchase APR non-Quebec residents†
22.49%
Cash Advance APR non-Quebec residents†
$0
Annual Fee Up to 3 additional cardholders for $0
Purchase APR
20.75%
Cash Advance APR
22.49%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee
-
No fee for additional cards
-
Earn up to 3% cash back
-
Can double as your Costco membership card (though you’ll still have to pay the Costco membership fee)
-
Mobile device insurance
Cons
-
Exclusive to Costco members
-
Low cash back rate of 1% for purchases at Costco
-
High interest rate of 20.75%
-
Cash back can only be redeemed at Costco
3%
cash back at restaurants and at Costco gas
2%
cash back at other gas stations and at Costco.ca
1%
cash back on all other purchases including at Costco
cash back at restaurants and at Costco gas
3%
cash back at other gas stations and at Costco.ca
2%
cash back on all other purchases including at Costco
1%
20.75%
Purchase APR non-Quebec residents†
22.49%
Cash Advance APR non-Quebec residents†
$0
Annual Fee Up to 3 additional cardholders for $0
Purchase APR
20.75%
Cash Advance APR
22.49%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
Pros
-
No annual fee
-
No fee for additional cards
-
Earn up to 3% cash back
-
Can double as your Costco membership card (though you’ll still have to pay the Costco membership fee)
-
Mobile device insurance
Cons
-
Exclusive to Costco members
-
Low cash back rate of 1% for purchases at Costco
-
High interest rate of 20.75%
-
Cash back can only be redeemed at Costco
CIBC Dividend Platinum® Visa* Card
Get a first-year annual fee rebate and earn 10% cash back welcome bonus of up to $200!†
3%
cash back on eligible gas, electric vehicle charging, and groceries.
2%
cash back on eligible transportation, dining and recurring payments.
1%
cash back on all other eligible purchases.
90 days
purchase security from damage and theft on eligible items purchased with your card.
1 year
on top of the original manufacturer's warranty
$500,000
common carrier accident insurance
$65,000
MSRP for rental cars for up to 48 consecutive days
cash back on eligible gas, electric vehicle charging, and groceries.
3%
cash back on eligible transportation, dining and recurring payments.
2%
cash back on all other eligible purchases.
1%
purchase security from damage and theft on eligible items purchased with your card.
90 days
on top of the original manufacturer's warranty
1 year
common carrier accident insurance
$500,000
MSRP for rental cars for up to 48 consecutive days
$65,000
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$99
Annual Fee First year annual fee rebate†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$99
Very Good
Recommended Credit Score
$15,000
Required Annual Personal Income
$15,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$15,000
Required Annual Household Income
$15,000
Pros
-
Very impressive welcome offer
-
Elevated cash back rates (2-3%) in five everyday spending categories†
-
No limit in total cash back you can collect
-
The $15,000 minimum annual income requirement† is very low for a cash back card of this calibre
Cons
-
$99 annual fee may not be worthwhile for all consumers
-
The $20K annual spending limit for earning cash back at the accelerated 2-3% rates is lower than the limits offered by some competing cash back credit cards
3%
cash back on eligible gas, electric vehicle charging, and groceries.
2%
cash back on eligible transportation, dining and recurring payments.
1%
cash back on all other eligible purchases.
90 days
purchase security from damage and theft on eligible items purchased with your card.
1 year
on top of the original manufacturer's warranty
$500,000
common carrier accident insurance
$65,000
MSRP for rental cars for up to 48 consecutive days
cash back on eligible gas, electric vehicle charging, and groceries.
3%
cash back on eligible transportation, dining and recurring payments.
2%
cash back on all other eligible purchases.
1%
purchase security from damage and theft on eligible items purchased with your card.
90 days
on top of the original manufacturer's warranty
1 year
common carrier accident insurance
$500,000
MSRP for rental cars for up to 48 consecutive days
$65,000
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$99
Annual Fee First year annual fee rebate†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$99
Very Good
Recommended Credit Score
$15,000
Required Annual Personal Income
$15,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$15,000
Required Annual Household Income
$15,000
Pros
-
Very impressive welcome offer
-
Elevated cash back rates (2-3%) in five everyday spending categories†
-
No limit in total cash back you can collect
-
The $15,000 minimum annual income requirement† is very low for a cash back card of this calibre
Cons
-
$99 annual fee may not be worthwhile for all consumers
-
The $20K annual spending limit for earning cash back at the accelerated 2-3% rates is lower than the limits offered by some competing cash back credit cards
CIBC Dividend® Visa
Get 5% cash back for the first 4 statements on net purchases of up to $2,000 (up to $100 cash back).†
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Get 2% cash back on eligible grocery purchases†
2%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
1%
0.5% cash back on all other purchases†
0.5%
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
$0.10
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for each additional card (3 card maximum)
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Get 2% cash back on eligible grocery purchases†
2%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
1%
0.5% cash back on all other purchases†
0.5%
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
$0.10
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for each additional card (3 card maximum)
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
CIBC Dividend® Visa Infinite
Get a first-year annual fee rebate and earn 10% cash back welcome bonus of up to $250!†
4%
Earn 4% cash back on gas, EV charging, and groceries.
2%
Earn 2% cash back on dining, transportation, recurring payments or bills.
1%
Earn 1% cash back on all other purchases with no limit.
10 cents
Save 10 cents per litre with CIBC and Journie Rewards (Ultramar, Chevron, Pioneer, Fas Gas)
Earn 4% cash back on gas, EV charging, and groceries.
4%
Earn 2% cash back on dining, transportation, recurring payments or bills.
2%
Earn 1% cash back on all other purchases with no limit.
1%
Save 10 cents per litre with CIBC and Journie Rewards (Ultramar, Chevron, Pioneer, Fas Gas)
10 cents
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$120
Annual Fee First year rebated. Each additional card is $30 per year, max 3.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Very high cash back rates on eligible groceries and gas and electric vehicle charging
-
Lucrative welcome offer
-
Flexible cash back redemption policy
-
Premium Visa Infinite benefits†
-
No limit on the total cash back you can earn†
Cons
-
Maximum annual spending limits in accelerated cash back
-
High-ish annual fee
-
Mid-level income requirement
4%
Earn 4% cash back on gas, EV charging, and groceries.
2%
Earn 2% cash back on dining, transportation, recurring payments or bills.
1%
Earn 1% cash back on all other purchases with no limit.
10 cents
Save 10 cents per litre with CIBC and Journie Rewards (Ultramar, Chevron, Pioneer, Fas Gas)
Earn 4% cash back on gas, EV charging, and groceries.
4%
Earn 2% cash back on dining, transportation, recurring payments or bills.
2%
Earn 1% cash back on all other purchases with no limit.
1%
Save 10 cents per litre with CIBC and Journie Rewards (Ultramar, Chevron, Pioneer, Fas Gas)
10 cents
20.99%
Purchase APR non-Quebec residents†
22.99%
Balance Transfer Rate non-Quebec residents†
22.99%
Cash Advance APR non-Quebec residents†
$120
Annual Fee First year rebated. Each additional card is $30 per year, max 3.
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Very high cash back rates on eligible groceries and gas and electric vehicle charging
-
Lucrative welcome offer
-
Flexible cash back redemption policy
-
Premium Visa Infinite benefits†
-
No limit on the total cash back you can earn†
Cons
-
Maximum annual spending limits in accelerated cash back
-
High-ish annual fee
-
Mid-level income requirement
CIBC Select Visa
Transfer your credit card balance - Get 0% interest for up to 10 months with a 1% transfer fee† and a first year annual fee rebate†
0%
Pay 0% interest for up to 10 months with a 1% transfer fee.†
Pay 0% interest for up to 10 months with a 1% transfer fee.†
0%
13.99%
Purchase APR
13.99%
Balance Transfer Rate Promotional offer: 0% interest for up to 10 months with a 1% transfer fee†
13.99%
Cash Advance APR
$29
Annual Fee First year annual fee rebate. $0 for up to 3 additional cards.†
Purchase APR
13.99%
Balance Transfer Rate
13.99%
Cash Advance APR
13.99%
Annual Fee
$29
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
0% Balance Transfer rate for a generous 10 months with a low (1%) Balance Transfer fee†
-
13.99%† Purchase Annual Interest Rate
-
First year annual fee rebated ($29 value)†
-
No annual fee for additional cards (up to 3)
Cons
-
There are other low interest cards available with no annual fee whatsoever
-
Few distinguishing benefits beyond its interest rates
0%
Pay 0% interest for up to 10 months with a 1% transfer fee.†
Pay 0% interest for up to 10 months with a 1% transfer fee.†
0%
13.99%
Purchase APR
13.99%
Balance Transfer Rate Promotional offer: 0% interest for up to 10 months with a 1% transfer fee†
13.99%
Cash Advance APR
$29
Annual Fee First year annual fee rebate. $0 for up to 3 additional cards.†
Purchase APR
13.99%
Balance Transfer Rate
13.99%
Cash Advance APR
13.99%
Annual Fee
$29
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
0% Balance Transfer rate for a generous 10 months with a low (1%) Balance Transfer fee†
-
13.99%† Purchase Annual Interest Rate
-
First year annual fee rebated ($29 value)†
-
No annual fee for additional cards (up to 3)
Cons
-
There are other low interest cards available with no annual fee whatsoever
-
Few distinguishing benefits beyond its interest rates
Home Trust Secured Visa
Good
No annual fee
19.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee Opt for $59 annual fee and pay 14.90% APR interest
Purchase APR
19.99%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Reports to credit bureaus every month, helping to quickly build your credit rating.
-
Requires a $500 minimum deposit, with the credit limit scaling on a 1:1 basis all the way up to $10,000.
-
High approval rate
-
Monthly credit reporting to major credit agencies every month, expediting the credit repair or improvement process
-
Low foreign transaction fee
-
Cardholders get a 21-day no-interest grace period
-
Low monthly minimum payment options; pay either the greater of $10 or 3% of the monthly balance.
Cons
-
Standard interest rate although, if you opt for the annual fee version of the card, it comes down
-
No rewards or perks
-
Charges a monthly inactivity fee of $12 if the card is not used for a period of 12 months.
-
Despite a high approval rate, there are still chances of being denied based on deal-breaking factors
-
No welcome bonus offer as it is designed for credit building
19.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee Opt for $59 annual fee and pay 14.90% APR interest
Purchase APR
19.99%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Reports to credit bureaus every month, helping to quickly build your credit rating.
-
Requires a $500 minimum deposit, with the credit limit scaling on a 1:1 basis all the way up to $10,000.
-
High approval rate
-
Monthly credit reporting to major credit agencies every month, expediting the credit repair or improvement process
-
Low foreign transaction fee
-
Cardholders get a 21-day no-interest grace period
-
Low monthly minimum payment options; pay either the greater of $10 or 3% of the monthly balance.
Cons
-
Standard interest rate although, if you opt for the annual fee version of the card, it comes down
-
No rewards or perks
-
Charges a monthly inactivity fee of $12 if the card is not used for a period of 12 months.
-
Despite a high approval rate, there are still chances of being denied based on deal-breaking factors
-
No welcome bonus offer as it is designed for credit building
Koho Mastercard
Poor
about new welcome offers by email
1%
cash back on groceries and transportation
3%
interest earned on your account balance
cash back on groceries and transportation
1%
interest earned on your account balance
3%
0.00%
Purchase APR
0.00%
Cash Advance APR
$0
Annual Fee Option to add credit building (price available in app)
Purchase APR
0.00%
Cash Advance APR
0.00%
Annual Fee
$0
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
A no-fee account option
-
Earn up to 5% cash back on your purchases
-
Accepted worldwide, wherever Mastercard is accepted
-
Four account tiers, so there’s something for everyone
-
Earn interest on your account
-
RoundUps feature helps you save
-
Financial coaching is available
-
Features like Credit Building (to help you build your credit history) and Cover (to protect you from overdrawing your account)
-
Compatible with Apple Pay
-
Joint account option for families and couples
Cons
-
No physical branches or tellers
-
No RRSP, TFSA or RESP accounts
-
Customer service not on par with the big banks
-
Missing some banking features, like wire transfers, currency exchanges and multiple lines of business like financial planning, mortgages and insurance
1%
cash back on groceries and transportation
3%
interest earned on your account balance
cash back on groceries and transportation
1%
interest earned on your account balance
3%
0.00%
Purchase APR
0.00%
Cash Advance APR
$0
Annual Fee Option to add credit building (price available in app)
Purchase APR
0.00%
Cash Advance APR
0.00%
Annual Fee
$0
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
A no-fee account option
-
Earn up to 5% cash back on your purchases
-
Accepted worldwide, wherever Mastercard is accepted
-
Four account tiers, so there’s something for everyone
-
Earn interest on your account
-
RoundUps feature helps you save
-
Financial coaching is available
-
Features like Credit Building (to help you build your credit history) and Cover (to protect you from overdrawing your account)
-
Compatible with Apple Pay
-
Joint account option for families and couples
Cons
-
No physical branches or tellers
-
No RRSP, TFSA or RESP accounts
-
Customer service not on par with the big banks
-
Missing some banking features, like wire transfers, currency exchanges and multiple lines of business like financial planning, mortgages and insurance
Simplii Financial™ Cash Back Visa* Card
about new welcome offers by email
4%
on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.†
1.5%
on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited.
0.5%
on all other credit card purchases with no limit on how much you can earn.†
on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.†
4%
on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited.
1.5%
on all other credit card purchases with no limit on how much you can earn.†
0.5%
20.99%
Purchase APR ‡ Purchase Interest Rate
22.99%
Balance Transfer Rate ‡ Balance Transfer Interest Rate
22.99%
Cash Advance APR ‡ Cash Advance Interest Rate
$0
Annual Fee for primary cardholder and up to 3 additional cards
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
Extremely high cash back on bars and restaurants
-
Solid cash back on groceries, drug store, gas and prepayments
-
No annual fee
-
Up to three additional cards free of charge
Cons
-
Cash back applied as year-end statement credit
4%
on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.†
1.5%
on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited.
0.5%
on all other credit card purchases with no limit on how much you can earn.†
on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.†
4%
on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited.
1.5%
on all other credit card purchases with no limit on how much you can earn.†
0.5%
20.99%
Purchase APR ‡ Purchase Interest Rate
22.99%
Balance Transfer Rate ‡ Balance Transfer Interest Rate
22.99%
Cash Advance APR ‡ Cash Advance Interest Rate
$0
Annual Fee for primary cardholder and up to 3 additional cards
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$15,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000
Pros
-
Extremely high cash back on bars and restaurants
-
Solid cash back on groceries, drug store, gas and prepayments
-
No annual fee
-
Up to three additional cards free of charge
Cons
-
Cash back applied as year-end statement credit
Marriott Bonvoy® Business American Express®* Card
3.5
60,000 pts
Good
Earn 60,000 Welcome Bonus Marriott Bonvoy® points after you spend $5,000 on your Card in your first three months of Cardmembership.
5
points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
3
points for every $1 spent on eligible gas, dining and travel
2
points for every $1 spent on everything else
1
Annual Free Night Award automatically each year after your anniversary
15
Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card.
points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
5
points for every $1 spent on eligible gas, dining and travel
3
points for every $1 spent on everything else
2
Annual Free Night Award automatically each year after your anniversary
1
Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card.
15
21.99%
Purchase APR
21.99%
Cash Advance APR
$150
Annual Fee Supplementary Cards have an annual fee of $50 each*
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$150
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Earn up to 5x Marriott Bonvoy points per $1 spent for business spending.
-
Free annual night award up to 35,000 points.
-
Travel perks like airport lounge access.
-
Business expense management tools.
Cons
-
Annual fee required.
-
Limited rewards to Marriott Bonvoy program.
5
points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
3
points for every $1 spent on eligible gas, dining and travel
2
points for every $1 spent on everything else
1
Annual Free Night Award automatically each year after your anniversary
15
Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card.
points for every $1 in Card purchases at participating Marriott Bonvoy hotels.
5
points for every $1 spent on eligible gas, dining and travel
3
points for every $1 spent on everything else
2
Annual Free Night Award automatically each year after your anniversary
1
Elite Night Credits each calendar year with your Marriott Bonvoy Business American Express Card.
15
21.99%
Purchase APR
21.99%
Cash Advance APR
$150
Annual Fee Supplementary Cards have an annual fee of $50 each*
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$150
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Earn up to 5x Marriott Bonvoy points per $1 spent for business spending.
-
Free annual night award up to 35,000 points.
-
Travel perks like airport lounge access.
-
Business expense management tools.
Cons
-
Annual fee required.
-
Limited rewards to Marriott Bonvoy program.
MBNA Rewards Platinum Plus Mastercard
Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. You could also receive up to 10,000 bonus points.
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
10,000
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Accelerated rewards on groceries, restaurants, and more
-
Simple point structure with flexible redemption options
-
Generous introductory bonus of up to 10,000 points
-
No cap on total points earned
Cons
-
Lower cash back redemption rate compared to designated cash back cards
-
Limited benefits beyond rewards
-
Points system may not appeal to cash back enthusiasts
-
Higher earning categories have a spending cap of $10,000 annually
-
Better suited for travel rewards than cash back
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
10,000
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Accelerated rewards on groceries, restaurants, and more
-
Simple point structure with flexible redemption options
-
Generous introductory bonus of up to 10,000 points
-
No cap on total points earned
Cons
-
Lower cash back redemption rate compared to designated cash back cards
-
Limited benefits beyond rewards
-
Points system may not appeal to cash back enthusiasts
-
Higher earning categories have a spending cap of $10,000 annually
-
Better suited for travel rewards than cash back
MBNA Rewards World Elite Mastercard
Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more.
30,000
MBNA offers up to a 30,000-point welcome bonus
5
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
1
All other purchases outside those categories earn one point per $1 spent.
MBNA offers up to a 30,000-point welcome bonus
30,000
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
5
All other purchases outside those categories earn one point per $1 spent.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$120
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$120
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities
-
Generous welcome bonus of up to 30,000 points, covering first-year annual fee
-
Points never expire, flexible redemption options including travel and statement credit
-
Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year
-
Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance
Cons
-
High income requirements: $80,000 personal or $150,000 household income
-
Annual fee of $120 after the first year
-
Travel insurance package not as robust as other cards at similar price points
30,000
MBNA offers up to a 30,000-point welcome bonus
5
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
1
All other purchases outside those categories earn one point per $1 spent.
MBNA offers up to a 30,000-point welcome bonus
30,000
You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities
5
All other purchases outside those categories earn one point per $1 spent.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$120
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$120
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities
-
Generous welcome bonus of up to 30,000 points, covering first-year annual fee
-
Points never expire, flexible redemption options including travel and statement credit
-
Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year
-
Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance
Cons
-
High income requirements: $80,000 personal or $150,000 household income
-
Annual fee of $120 after the first year
-
Travel insurance package not as robust as other cards at similar price points
MBNA Royal Canadian Legion Rewards Mastercard
Up to 5,000 bonus points
2 points
Earn 2 points for every $1 spent at restaurants, grocery stores, on digital media memberships, and household utility purchases up until $10,000 per year
1 point
Get 1 point for every dollar spent on all other eligible purchases
10%
Each year get Birthday Bonus Points equal to 10% of the total number of points you earned in the year prior (max 10,000).
Earn 2 points for every $1 spent at restaurants, grocery stores, on digital media memberships, and household utility purchases up until $10,000 per year
2 points
Get 1 point for every dollar spent on all other eligible purchases
1 point
Each year get Birthday Bonus Points equal to 10% of the total number of points you earned in the year prior (max 10,000).
10%
19.97%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.97%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Offers a welcome bonus of up to 5,000 points
-
Earn up to 2 points for every $1 spent on eligible purchases
-
Earn up to 2 points for every $1 spent on eligible purchases; points never expire as long as the account is open
-
Flexible rewards redemption options for things like travel, gift cards, merchandise, and more
-
Additional card benefits include purchase assurance, extended warranty coverage, car rental discounts, and more
-
A unique Birthday Bonus: Earn 10% of the total points earned the year prior, up to a maximum of 10,000 points.
-
Travel and security perks like lost luggage assistance, ticket replacement services and security features
Cons
-
High interest rates
-
No introductory balance transfer rate
-
Cap on higher earn rate categories
2 points
Earn 2 points for every $1 spent at restaurants, grocery stores, on digital media memberships, and household utility purchases up until $10,000 per year
1 point
Get 1 point for every dollar spent on all other eligible purchases
10%
Each year get Birthday Bonus Points equal to 10% of the total number of points you earned in the year prior (max 10,000).
Earn 2 points for every $1 spent at restaurants, grocery stores, on digital media memberships, and household utility purchases up until $10,000 per year
2 points
Get 1 point for every dollar spent on all other eligible purchases
1 point
Each year get Birthday Bonus Points equal to 10% of the total number of points you earned in the year prior (max 10,000).
10%
19.97%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.97%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Offers a welcome bonus of up to 5,000 points
-
Earn up to 2 points for every $1 spent on eligible purchases
-
Earn up to 2 points for every $1 spent on eligible purchases; points never expire as long as the account is open
-
Flexible rewards redemption options for things like travel, gift cards, merchandise, and more
-
Additional card benefits include purchase assurance, extended warranty coverage, car rental discounts, and more
-
A unique Birthday Bonus: Earn 10% of the total points earned the year prior, up to a maximum of 10,000 points.
-
Travel and security perks like lost luggage assistance, ticket replacement services and security features
Cons
-
High interest rates
-
No introductory balance transfer rate
-
Cap on higher earn rate categories
MBNA Smart Cash Platinum Plus Mastercard
Earn 5% Cash Back on gas and groceries for the first 6 months (until $500 spend cap reached)
2%
Earn 2% on gas and groceries ($500 monthly spend cap)
0.5%
Get 0.5% cash back on all other purchases
Earn 2% on gas and groceries ($500 monthly spend cap)
2%
Get 0.5% cash back on all other purchases
0.5%
19.97%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee Up to 9 additional card with no annual fee
Purchase APR
19.97%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
-
No annual fee
-
Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
-
Car rental discounts
-
MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
-
Purchase assurance and extended warranty
Cons
-
Monthly spend cap on the welcome bonus rewards earn rate
-
Limited reward categories
-
Potential fees for payment plan
-
No travel rewards or premium perks
2%
Earn 2% on gas and groceries ($500 monthly spend cap)
0.5%
Get 0.5% cash back on all other purchases
Earn 2% on gas and groceries ($500 monthly spend cap)
2%
Get 0.5% cash back on all other purchases
0.5%
19.97%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee Up to 9 additional card with no annual fee
Purchase APR
19.97%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Generous Welcome Bonus to earn accelerated rewards during the initial six months of account opening
-
No annual fee
-
Ongoing cash back rewards after the welcome bonus - up to 2% cash back on eligible purchases
-
Car rental discounts
-
MBNA Payment Plan: Flexible payment options for purchases over $100, which is a nice perk for budget management.
-
Purchase assurance and extended warranty
Cons
-
Monthly spend cap on the welcome bonus rewards earn rate
-
Limited reward categories
-
Potential fees for payment plan
-
No travel rewards or premium perks
MBNA Smart Cash World Mastercard
Earn 5% Cash Back on gas and groceries for the first 6 months ($500 spend cap)
2%
Earn cash 2% on gas and groceries ($500 monthly cap)
1%
Earn 1% cash back on all other purchases
9
Include up to 9 authorized users with no additional annual fee
Earn cash 2% on gas and groceries ($500 monthly cap)
2%
Earn 1% cash back on all other purchases
1%
Include up to 9 authorized users with no additional annual fee
9
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$39
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Welcome Bonus: Accelerated cash back rate during the initial six months of account opening
-
Above-average cash back rates after the initial six months bonus offer - up to 2% cash back on eligible purchases
-
The first additional card comes with no extra fee, making it a good option for families.
-
Rental Vehicle Collision Damage Waiver - beneficial for those who frequently rent cars.
-
Price Protection Service
-
Low annual fee
Cons
-
High income requirement
-
High-interest rates mean carrying a balance can be expensive – and quickly negate the benefits of earning cash back.
-
Monthly spend cap on higher cash back rate
-
Limited insurance benefits
-
Welcome Bonus cap
-
Regional variations in interest rates
2%
Earn cash 2% on gas and groceries ($500 monthly cap)
1%
Earn 1% cash back on all other purchases
9
Include up to 9 authorized users with no additional annual fee
Earn cash 2% on gas and groceries ($500 monthly cap)
2%
Earn 1% cash back on all other purchases
1%
Include up to 9 authorized users with no additional annual fee
9
19.99%
Purchase APR
22.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
24.99%
Annual Fee
$39
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Welcome Bonus: Accelerated cash back rate during the initial six months of account opening
-
Above-average cash back rates after the initial six months bonus offer - up to 2% cash back on eligible purchases
-
The first additional card comes with no extra fee, making it a good option for families.
-
Rental Vehicle Collision Damage Waiver - beneficial for those who frequently rent cars.
-
Price Protection Service
-
Low annual fee
Cons
-
High income requirement
-
High-interest rates mean carrying a balance can be expensive – and quickly negate the benefits of earning cash back.
-
Monthly spend cap on higher cash back rate
-
Limited insurance benefits
-
Welcome Bonus cap
-
Regional variations in interest rates
MBNA True Line Gold Mastercard
Get up to 1.5% cash back on your day-to-day purchases
8.99
8.99% interest rate on purchases and 8.99%✪ on balance transfers
8.99% interest rate on purchases and 8.99%✪ on balance transfers
8.99
8.99%
Purchase APR
8.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
8.99%
Balance Transfer Rate
8.99%
Cash Advance APR
24.99%
Annual Fee
$39
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Low interest rate on purchases and balance transfers
-
24/7 customer service
-
Proactive fraud protection
Cons
-
$39 annual fee
-
Penalty interest rate if minimum payments are missed
8.99
8.99% interest rate on purchases and 8.99%✪ on balance transfers
8.99% interest rate on purchases and 8.99%✪ on balance transfers
8.99
8.99%
Purchase APR
8.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
8.99%
Balance Transfer Rate
8.99%
Cash Advance APR
24.99%
Annual Fee
$39
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Low interest rate on purchases and balance transfers
-
24/7 customer service
-
Proactive fraud protection
Cons
-
$39 annual fee
-
Penalty interest rate if minimum payments are missed
MBNA True Line Mastercard
Get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
Expires
Jan 1, 2025
0%
New cardholders can enjoy a 0% promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account
New cardholders can enjoy a 0% promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account
0%
12.99%
Purchase APR
12.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
-
No annual fee or minimum income requirement
-
Low standard interest rate of 12.99% for all new purchases charged to the card
-
Some extra perks like fraud protection and a discount on car rentals
Cons
-
3% balance transfer fee is comparatively high
-
Very high cash advance interest rate of 24.99%
-
No insurance benefits
-
Can’t transfer a balance owed to either MBNA or TD
0%
New cardholders can enjoy a 0% promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account
New cardholders can enjoy a 0% promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account
0%
12.99%
Purchase APR
12.99%
Balance Transfer Rate
24.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
24.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
-
No annual fee or minimum income requirement
-
Low standard interest rate of 12.99% for all new purchases charged to the card
-
Some extra perks like fraud protection and a discount on car rentals
Cons
-
3% balance transfer fee is comparatively high
-
Very high cash advance interest rate of 24.99%
-
No insurance benefits
-
Can’t transfer a balance owed to either MBNA or TD
Meridian Visa* Cash Back Card
4
Good
about new welcome offers by email
19.50%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
19.50%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$0
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Meridian Visa* Platinum Cash Back Card
4
Fair
about new welcome offers by email
19.50%
Purchase APR
21.99%
Cash Advance APR
$49
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$49
Fair
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
19.50%
Purchase APR
21.99%
Cash Advance APR
$49
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$49
Fair
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Meridian Visa* Platinum Travel Rewards Card
4
Good
about new welcome offers by email
19.50%
Purchase APR
21.99%
Cash Advance APR
$49
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$49
Good
Recommended Credit Score
Recommended Credit Score
Good
19.50%
Purchase APR
21.99%
Cash Advance APR
$49
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$49
Good
Recommended Credit Score
Recommended Credit Score
Good
Meridian Visa Infinite* Travel Rewards Card
4
Good
about new welcome offers by email
19.50%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$99
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
19.50%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$99
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Marriott Bonvoy® American Express®
New Marriott Bonvoy® American Express®* Cardmembers earn 50,000 Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Subject to change at any time
5
points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®
2
points for every $1 in all other Card purchases
1
Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
1
Automatic Marriott Bonvoy Silver Elite status membership
15
Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card.
points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®
5
points for every $1 in all other Card purchases
2
Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
1
Automatic Marriott Bonvoy Silver Elite status membership
1
Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card.
15
21.99%
Purchase APR
21.99%
Cash Advance APR
$120
Annual Fee No annual fee on Additional Cards
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Annual free night award — Receive an Annual Free Night Award for up to 35,000 points†
-
Earn points with every eligible card purchase
-
Complimentary upgrade to Marriott Bonvoy Silver Elite status
-
Flexibility to transfer to other frequent flyer programs
-
Includes travel accident insurance†
-
Generous welcome bonus
Cons
-
Annual fee—$120
-
Travel medical insurance not included
5
points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®
2
points for every $1 in all other Card purchases
1
Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
1
Automatic Marriott Bonvoy Silver Elite status membership
15
Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card.
points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®
5
points for every $1 in all other Card purchases
2
Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
1
Automatic Marriott Bonvoy Silver Elite status membership
1
Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card.
15
21.99%
Purchase APR
21.99%
Cash Advance APR
$120
Annual Fee No annual fee on Additional Cards
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Annual free night award — Receive an Annual Free Night Award for up to 35,000 points†
-
Earn points with every eligible card purchase
-
Complimentary upgrade to Marriott Bonvoy Silver Elite status
-
Flexibility to transfer to other frequent flyer programs
-
Includes travel accident insurance†
-
Generous welcome bonus
Cons
-
Annual fee—$120
-
Travel medical insurance not included
Meridian Visa Infinite Cash Back Card
Excellent
about new welcome offers by email
4%
The Meridian Visa Infinite* Cash Back Card earns cash back on multiple levels, collecting 4.00% on all grocery and gas purchases;
2%
2.00% cash back on pharmacy purchases and on recurring bills
1.00% elsewhere.
1.00% cash back elsewhere.
The Meridian Visa Infinite* Cash Back Card earns cash back on multiple levels, collecting 4.00% on all grocery and gas purchases;
4%
2.00% cash back on pharmacy purchases and on recurring bills
2%
1.00% cash back elsewhere.
1.00% elsewhere.
19.54%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
19.54%
Cash Advance APR
21.99%
Annual Fee
$99
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Pros
-
First-year waiver on $99 annual fee
-
Tiered cash back rates up to 4%
-
Travel insurance, including intergenerational coverage
-
Valuable perks like price protection and mobile device insurance
-
Flexible redemption options beyond statement credit
Cons
-
$25,000 annual spending limit on 4% categories
-
Higher annual fee compared to Meridian Visa Platinum
-
Limited availability, not offered to residents of Quebec
-
Assessing benefits against personal spending habits is crucial
-
Potential overlap in benefits with the more affordable Platinum version
4%
The Meridian Visa Infinite* Cash Back Card earns cash back on multiple levels, collecting 4.00% on all grocery and gas purchases;
2%
2.00% cash back on pharmacy purchases and on recurring bills
1.00% elsewhere.
1.00% cash back elsewhere.
The Meridian Visa Infinite* Cash Back Card earns cash back on multiple levels, collecting 4.00% on all grocery and gas purchases;
4%
2.00% cash back on pharmacy purchases and on recurring bills
2%
1.00% cash back elsewhere.
1.00% elsewhere.
19.54%
Purchase APR
21.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
19.54%
Cash Advance APR
21.99%
Annual Fee
$99
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Pros
-
First-year waiver on $99 annual fee
-
Tiered cash back rates up to 4%
-
Travel insurance, including intergenerational coverage
-
Valuable perks like price protection and mobile device insurance
-
Flexible redemption options beyond statement credit
Cons
-
$25,000 annual spending limit on 4% categories
-
Higher annual fee compared to Meridian Visa Platinum
-
Limited availability, not offered to residents of Quebec
-
Assessing benefits against personal spending habits is crucial
-
Potential overlap in benefits with the more affordable Platinum version
Meridian Visa US Dollar Card
4
Good
about new welcome offers by email
19.50%
Purchase APR
21.99%
Cash Advance APR
$65
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$65
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
19.50%
Purchase APR
21.99%
Cash Advance APR
$65
Annual Fee
Purchase APR
19.50%
Cash Advance APR
21.99%
Annual Fee
$65
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
Scotiabank Gold American Express®
Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points.
Expires
Jul 2, 2024
6x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agency stores.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes ride shares, buses, subway, taxis and more.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services.
1x
Scene+ point for every $1 spent on all other eligible everyday purchases.
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
6x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agency stores.
5x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes ride shares, buses, subway, taxis and more.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services.
3x
Scene+ point for every $1 spent on all other eligible everyday purchases.
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $29 for each supplementary card
0.00%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
0.00%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Lots of daily spend options to earn multiplied point bonuses
-
Swanky Amex perks like Front of the Line presale concert tickets
-
Save on foreign transaction fees when abroad
-
Fantastic insurance coverage, especially for travel
Cons
-
Relatively low-value welcome bonus
-
$120 annual fee that chews into your point value substantially
-
Scene points redeem poorly for travel
6x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agency stores.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes ride shares, buses, subway, taxis and more.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services.
1x
Scene+ point for every $1 spent on all other eligible everyday purchases.
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
6x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agency stores.
5x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes ride shares, buses, subway, taxis and more.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services.
3x
Scene+ point for every $1 spent on all other eligible everyday purchases.
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $29 for each supplementary card
0.00%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
0.00%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Lots of daily spend options to earn multiplied point bonuses
-
Swanky Amex perks like Front of the Line presale concert tickets
-
Save on foreign transaction fees when abroad
-
Fantastic insurance coverage, especially for travel
Cons
-
Relatively low-value welcome bonus
-
$120 annual fee that chews into your point value substantially
-
Scene points redeem poorly for travel
Scotiabank Platinum American Express® Card
Earn up to $2,100* in value in the first 14 months, including up to 60,000 bonus Scene+ points
Expires
Nov 1, 2024
2x
Scene+ points for every $1 spent on all other eligible purchases
0%
No foreign transaction fees
10
Complimentary airport lounge passes per year
Scene+ points for every $1 spent on all other eligible purchases
2x
No foreign transaction fees
0%
Complimentary airport lounge passes per year
10
9.99%
Purchase APR
22.99%
Balance Transfer Rate
9.99%
Cash Advance APR
$399
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
9.99%
Balance Transfer Rate
22.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
The card offers a competitive low interest rate on purchases, cash advances, and balance transfers
-
Comprehensive insurance coverage
-
Complimentary Airport lounge access
-
No foreign transaction fees
-
Ideal for travelers as it has no foreign transaction fees
-
Offers a substantial welcome bonus that can be worth up to 60,000 Scene+ points
-
Enjoy premium perks like Hertz #1 Club Gold membership and concierge services.
Cons
-
High annual fee: At $399, the annual fee is steep, which could offset the rewards and benefits for some cardholders
-
Below average rewards rate: Lower compared to other cards with similar or lower annual fees
-
Limited American Express acceptance: Especially outside major cities
-
Rewards potential: The net rewards potential is relatively low when considering the high annual fee
-
Non-transferable points: Scene+ points cannot be transferred to other rewards programs
2x
Scene+ points for every $1 spent on all other eligible purchases
0%
No foreign transaction fees
10
Complimentary airport lounge passes per year
Scene+ points for every $1 spent on all other eligible purchases
2x
No foreign transaction fees
0%
Complimentary airport lounge passes per year
10
9.99%
Purchase APR
22.99%
Balance Transfer Rate
9.99%
Cash Advance APR
$399
Annual Fee
0.00%
Foreign Transaction Fee
Purchase APR
9.99%
Balance Transfer Rate
22.99%
Cash Advance APR
9.99%
Annual Fee
$399
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
The card offers a competitive low interest rate on purchases, cash advances, and balance transfers
-
Comprehensive insurance coverage
-
Complimentary Airport lounge access
-
No foreign transaction fees
-
Ideal for travelers as it has no foreign transaction fees
-
Offers a substantial welcome bonus that can be worth up to 60,000 Scene+ points
-
Enjoy premium perks like Hertz #1 Club Gold membership and concierge services.
Cons
-
High annual fee: At $399, the annual fee is steep, which could offset the rewards and benefits for some cardholders
-
Below average rewards rate: Lower compared to other cards with similar or lower annual fees
-
Limited American Express acceptance: Especially outside major cities
-
Rewards potential: The net rewards potential is relatively low when considering the high annual fee
-
Non-transferable points: Scene+ points cannot be transferred to other rewards programs
Scotiabank U.S. Dollar Visa Card
Good
No U.S. dollar currency conversion fee
25%
Save 25% off base rate at Avis and Budget locations in North America
Save 25% off base rate at Avis and Budget locations in North America
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$35
Annual Fee $0 for each additional card
0.00%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$35
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No U.S. dollar conversion fee: Ideal for purchases in U.S. dollars, saving you money on currency conversion.
-
Free supplementary cards with all the same benefits at no additional cost
-
Conveniently pay your Visa statement with U.S. dollars directly from your Scotia U.S. Dollar Daily Interest Account.
-
Easy access to cash advances at over 1 million ABMs worldwide and online banking options.
Cons
-
There's a $35 annual fee, which might be a downside for some users.
-
High-interest rates compared to low-rate cards on the market
-
Unlike many credit cards, this one doesn’t offer points cash back rewards.
-
Limited insurance benefits
-
The card does not have a welcome bonus, a common feature in many other credit cards.
25%
Save 25% off base rate at Avis and Budget locations in North America
Save 25% off base rate at Avis and Budget locations in North America
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$35
Annual Fee $0 for each additional card
0.00%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$35
Foreign Transaction Fee
0.00%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No U.S. dollar conversion fee: Ideal for purchases in U.S. dollars, saving you money on currency conversion.
-
Free supplementary cards with all the same benefits at no additional cost
-
Conveniently pay your Visa statement with U.S. dollars directly from your Scotia U.S. Dollar Daily Interest Account.
-
Easy access to cash advances at over 1 million ABMs worldwide and online banking options.
Cons
-
There's a $35 annual fee, which might be a downside for some users.
-
High-interest rates compared to low-rate cards on the market
-
Unlike many credit cards, this one doesn’t offer points cash back rewards.
-
Limited insurance benefits
-
The card does not have a welcome bonus, a common feature in many other credit cards.
Neo Credit
Good
about new welcome offers by email
1%
cashback on gas and groceries, no matter where you pay for them.
Up to 15%
On first-time purchases at participating partners with new offers added regularly.
Up to 5%
cashback on food delivery, streaming and rideshare, restaurants, bars, and cafes and retail partners
cashback on gas and groceries, no matter where you pay for them.
1%
On first-time purchases at participating partners with new offers added regularly.
Up to 15%
cashback on food delivery, streaming and rideshare, restaurants, bars, and cafes and retail partners
Up to 5%
19.99% - 29.99%
Variable APR Dependent on your application, credit profile, and province.
22.99% - 31.99%
Cash Advance APR Variable based on your credit profile
$0
Annual Fee Option to pay $4.99 per month to increase cashback to 3% on has and groceries
Variable APR
19.99% - 29.99%
Cash Advance APR
22.99% - 31.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
1%
cashback on gas and groceries, no matter where you pay for them.
Up to 15%
On first-time purchases at participating partners with new offers added regularly.
Up to 5%
cashback on food delivery, streaming and rideshare, restaurants, bars, and cafes and retail partners
cashback on gas and groceries, no matter where you pay for them.
1%
On first-time purchases at participating partners with new offers added regularly.
Up to 15%
cashback on food delivery, streaming and rideshare, restaurants, bars, and cafes and retail partners
Up to 5%
19.99% - 29.99%
Variable APR Dependent on your application, credit profile, and province.
22.99% - 31.99%
Cash Advance APR Variable based on your credit profile
$0
Annual Fee Option to pay $4.99 per month to increase cashback to 3% on has and groceries
Variable APR
19.99% - 29.99%
Cash Advance APR
22.99% - 31.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Neo Secured Credit Card
$25 customer sign up bonus welcome offer
15%
Up to 15% on first new purchases with Neo partners
5%
With Neo Partners
1%-3%
on gas and groceries
3%-4%
Streaming, ridesharing, and food delivery services
2%-3%
With retail partners
0.5%
On everything else
Up to 15% on first new purchases with Neo partners
15%
With Neo Partners
5%
on gas and groceries
1%-3%
Streaming, ridesharing, and food delivery services
3%-4%
With retail partners
2%-3%
On everything else
0.5%
19.99% - 26.99%
Variable APR
24.99% - 28.99%
Cash Advance APR Plus a $2.50 fee in Canada, $5 fee anywhere else
$0
Annual Fee Option to pay $4.99/month for premium membership to unlock higher cash back rewards
Variable APR
19.99% - 26.99%
Cash Advance APR
24.99% - 28.99%
Annual Fee
$0
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Low minimum security deposit
-
Cash back rewards on purchases
-
Instant approval regardless of credit score
Cons
-
Only reports to TransUnion
-
High APR range
15%
Up to 15% on first new purchases with Neo partners
5%
With Neo Partners
1%-3%
on gas and groceries
3%-4%
Streaming, ridesharing, and food delivery services
2%-3%
With retail partners
0.5%
On everything else
Up to 15% on first new purchases with Neo partners
15%
With Neo Partners
5%
on gas and groceries
1%-3%
Streaming, ridesharing, and food delivery services
3%-4%
With retail partners
2%-3%
On everything else
0.5%
19.99% - 26.99%
Variable APR
24.99% - 28.99%
Cash Advance APR Plus a $2.50 fee in Canada, $5 fee anywhere else
$0
Annual Fee Option to pay $4.99/month for premium membership to unlock higher cash back rewards
Variable APR
19.99% - 26.99%
Cash Advance APR
24.99% - 28.99%
Annual Fee
$0
Poor
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Poor
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
No annual fee
-
Low minimum security deposit
-
Cash back rewards on purchases
-
Instant approval regardless of credit score
Cons
-
Only reports to TransUnion
-
High APR range
PC Insiders™ World Elite Mastercard®
3.5
Very Good
about new welcome offers by email
40
points per $1 at Loblaw banner stores
50
points per $1 at Shoppers Drug Mart
70
points per litre at Esso and Mobil gas stations
10
points per $1 everywhere else
$0
online grocery delivery and pick up
points per $1 at Loblaw banner stores
40
points per $1 at Shoppers Drug Mart
50
points per litre at Esso and Mobil gas stations
70
points per $1 everywhere else
10
online grocery delivery and pick up
$0
21.99%
Purchase APR
22.97%
Cash Advance APR In Quebec, 21.97%.
$120
Annual Fee Additional card fee: $0
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
22.97%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Generous welcome bonus
-
Excellent earn rate on everyday expenses
-
Access to free online delivery
-
Super rare identity theft protection
-
Rental car insurance
-
Emergency medical insurance
Cons
-
$120 annual fee
-
Poor travel insurance for a World Elite credit card
-
Limited to PC brands
40
points per $1 at Loblaw banner stores
50
points per $1 at Shoppers Drug Mart
70
points per litre at Esso and Mobil gas stations
10
points per $1 everywhere else
$0
online grocery delivery and pick up
points per $1 at Loblaw banner stores
40
points per $1 at Shoppers Drug Mart
50
points per litre at Esso and Mobil gas stations
70
points per $1 everywhere else
10
online grocery delivery and pick up
$0
21.99%
Purchase APR
22.97%
Cash Advance APR In Quebec, 21.97%.
$120
Annual Fee Additional card fee: $0
2.50%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
22.97%
Annual Fee
$120
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Generous welcome bonus
-
Excellent earn rate on everyday expenses
-
Access to free online delivery
-
Super rare identity theft protection
-
Rental car insurance
-
Emergency medical insurance
Cons
-
$120 annual fee
-
Poor travel insurance for a World Elite credit card
-
Limited to PC brands
PC® Mastercard®
Earn 10 points per $1 spent at PC grocery stores
10 points
Earn 10 points per $1 spent everywhere
2 cents
Earn 2c per litre in PC Optimum points at Esso and Mobil
30 points
Earn 30 points per $1 when purchasing travel through President’s Choice
25 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
Earn 10 points per $1 spent everywhere
10 points
Earn 2c per litre in PC Optimum points at Esso and Mobil
2 cents
Earn 30 points per $1 when purchasing travel through President’s Choice
30 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
25 points
21.99%
Purchase APR *Standard Rate. *Basic rates may apply; see details on provider's site.
22.97%
Balance Transfer Rate
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Balance Transfer Rate
22.97%
Cash Advance APR
22.97%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee, ideal for budget-conscious shoppers
-
Earn 10 points per $1 spent everywhere
-
Accelerated points at Esso, Shoppers Drug Mart, and PC Travel
-
Points redeemable at over 2,500 stores nationwide
-
Purchase insurance and extended warranties for added protection
Cons
-
Middle-of-the-road rewards compared to other no-fee cards
-
Limited redemption options compared to some competitors
-
Lacks introductory benefits like bonus points
-
Requires spending at specific stores for maximum benefits
-
Point value may seem low initially, despite earning potential
10 points
Earn 10 points per $1 spent everywhere
2 cents
Earn 2c per litre in PC Optimum points at Esso and Mobil
30 points
Earn 30 points per $1 when purchasing travel through President’s Choice
25 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
Earn 10 points per $1 spent everywhere
10 points
Earn 2c per litre in PC Optimum points at Esso and Mobil
2 cents
Earn 30 points per $1 when purchasing travel through President’s Choice
30 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
25 points
21.99%
Purchase APR *Standard Rate. *Basic rates may apply; see details on provider's site.
22.97%
Balance Transfer Rate
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Balance Transfer Rate
22.97%
Cash Advance APR
22.97%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee, ideal for budget-conscious shoppers
-
Earn 10 points per $1 spent everywhere
-
Accelerated points at Esso, Shoppers Drug Mart, and PC Travel
-
Points redeemable at over 2,500 stores nationwide
-
Purchase insurance and extended warranties for added protection
Cons
-
Middle-of-the-road rewards compared to other no-fee cards
-
Limited redemption options compared to some competitors
-
Lacks introductory benefits like bonus points
-
Requires spending at specific stores for maximum benefits
-
Point value may seem low initially, despite earning potential
PC® World Elite Mastercard
Earn 30 points per $1 spent at PC grocery stores
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
At least 30 points per litre of gas purchased at Esso™ or Mobil™ stations
30 points
At least 30 points per $1 spent on PC Travel services
30 points
30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
45 points
At least 30 points per litre of gas purchased at Esso™ or Mobil™ stations
30 points
At least 30 points per $1 spent on PC Travel services
30 points
30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
30 points
21.99%
Purchase APR
21.99%
Balance Transfer Rate
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
22.97%
Annual Fee
$0
Fair
Recommended Credit Score
$80,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$80,000
Pros
-
No annual fee
-
High earn rates in certain stores
-
Easy, straightforward redemptions
-
Points don’t expire provided your account stays active and in good standing
-
Special events allow you to earn extra points
Cons
-
High income requirement to qualify
-
Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
-
Points can’t be transferred to other loyalty programs
-
The included travel insurance is very limited
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
At least 30 points per litre of gas purchased at Esso™ or Mobil™ stations
30 points
At least 30 points per $1 spent on PC Travel services
30 points
30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
45 points
At least 30 points per litre of gas purchased at Esso™ or Mobil™ stations
30 points
At least 30 points per $1 spent on PC Travel services
30 points
30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
30 points
21.99%
Purchase APR
21.99%
Balance Transfer Rate
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Balance Transfer Rate
21.99%
Cash Advance APR
22.97%
Annual Fee
$0
Fair
Recommended Credit Score
$80,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$80,000
Pros
-
No annual fee
-
High earn rates in certain stores
-
Easy, straightforward redemptions
-
Points don’t expire provided your account stays active and in good standing
-
Special events allow you to earn extra points
Cons
-
High income requirement to qualify
-
Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
-
Points can’t be transferred to other loyalty programs
-
The included travel insurance is very limited
PC® World Mastercard®
4
Good
about new welcome offers by email
21.99%
Purchase APR
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Cash Advance APR
22.97%
Annual Fee
$0
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
21.99%
Purchase APR
22.97%
Cash Advance APR
$0
Annual Fee
Purchase APR
21.99%
Cash Advance APR
22.97%
Annual Fee
$0
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Tangerine World Mastercard®
about new welcome offers by email
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
2%
Get a Tangerine Savings account and get a 3rd 2% cash back category.
3
19.95%
Purchase APR
1.95%
Balance Transfer Rate 1.95% for first 6 months (19.95% after that)
19.95%
Cash Advance APR
$0
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
19.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$60,000
Pros
-
No annual fee
-
Unlimited money-back rewards
-
High 2% earn rate
-
Exclusive experiences through MasterCard
Cons
-
High minimum income requirement
-
Travel insurance would be a welcome addition to the travel-related benefits
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
2%
Get a Tangerine Savings account and get a 3rd 2% cash back category.
3
19.95%
Purchase APR
1.95%
Balance Transfer Rate 1.95% for first 6 months (19.95% after that)
19.95%
Cash Advance APR
$0
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
19.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$60,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$60,000
Pros
-
No annual fee
-
Unlimited money-back rewards
-
High 2% earn rate
-
Exclusive experiences through MasterCard
Cons
-
High minimum income requirement
-
Travel insurance would be a welcome addition to the travel-related benefits
WestJet RBC World Elite Mastercard
about new welcome offers by email
2%
Earn 2% back in WestJet dollars on WestJet flights or WestJet vacation packages.
1.5%
Earn 1.5% back in WestJet dollars for everyday purchases.
Wi-Fi
access to over 1 million Wi-Fi hotsports around the world with Boingo Wi-Fi for Mastercard
1
annual companion voucher (starting at $119)
3¢/L
savings at Petro-Canada and 20% more Petro-Points
$0
delivery fees for 12 months from DoorDash
Earn 2% back in WestJet dollars on WestJet flights or WestJet vacation packages.
2%
Earn 1.5% back in WestJet dollars for everyday purchases.
1.5%
access to over 1 million Wi-Fi hotsports around the world with Boingo Wi-Fi for Mastercard
Wi-Fi
annual companion voucher (starting at $119)
1
savings at Petro-Canada and 20% more Petro-Points
3¢/L
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Cash Advance APR
$119
Annual Fee $59 for additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$119
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
A generous welcome offer of up to 700¹ welcome WestJet dollars (a value of up to $700 CAD)
-
Good earn rate of up to 2% back in WestJet dollars
-
Good travel insurance coverage
-
Includes free Boingo Wi-Fi¹¹
Cons
-
High annual income requirement: Personal: $80,000 or Household: $150,000
-
Insurance doesn't include trip cancellation coverage or delayed/lost baggage
-
Reward redemptions are restricted to WestJet
2%
Earn 2% back in WestJet dollars on WestJet flights or WestJet vacation packages.
1.5%
Earn 1.5% back in WestJet dollars for everyday purchases.
Wi-Fi
access to over 1 million Wi-Fi hotsports around the world with Boingo Wi-Fi for Mastercard
1
annual companion voucher (starting at $119)
3¢/L
savings at Petro-Canada and 20% more Petro-Points
$0
delivery fees for 12 months from DoorDash
Earn 2% back in WestJet dollars on WestJet flights or WestJet vacation packages.
2%
Earn 1.5% back in WestJet dollars for everyday purchases.
1.5%
access to over 1 million Wi-Fi hotsports around the world with Boingo Wi-Fi for Mastercard
Wi-Fi
annual companion voucher (starting at $119)
1
savings at Petro-Canada and 20% more Petro-Points
3¢/L
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Cash Advance APR
$119
Annual Fee $59 for additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$119
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
A generous welcome offer of up to 700¹ welcome WestJet dollars (a value of up to $700 CAD)
-
Good earn rate of up to 2% back in WestJet dollars
-
Good travel insurance coverage
-
Includes free Boingo Wi-Fi¹¹
Cons
-
High annual income requirement: Personal: $80,000 or Household: $150,000
-
Insurance doesn't include trip cancellation coverage or delayed/lost baggage
-
Reward redemptions are restricted to WestJet
WestJet RBC Mastercard
Earn up to 100 WestJet dollars (with $1,000 spend in the first 3 months)
1.5%
Earn 1.5% back in WestJet dollars on WestJet Flights and vacation packages
1%
Earn 1% back in WestJet dollars on everyday purchases
$0.03
Link your Petro-Points card and save save 3¢/L on fuel and 20% more Petro Points
50
get 50 Be Well points for every $1 spent on eligible products at Rexall
$199
Get an annual round-trip companion voucher for $199 (plus taxes, etc.) for travel within North America (excluding Hawaii)
Earn 1.5% back in WestJet dollars on WestJet Flights and vacation packages
1.5%
Earn 1% back in WestJet dollars on everyday purchases
1%
Link your Petro-Points card and save save 3¢/L on fuel and 20% more Petro Points
$0.03
get 50 Be Well points for every $1 spent on eligible products at Rexall
50
Get an annual round-trip companion voucher for $199 (plus taxes, etc.) for travel within North America (excluding Hawaii)
$199
19.99%
Purchase APR
22.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$39
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Decent welcome offer
-
Good earn rate
-
Some travel insurance
-
Low minimum annual income requirement
-
Low $39 annual fee
Cons
1.5%
Earn 1.5% back in WestJet dollars on WestJet Flights and vacation packages
1%
Earn 1% back in WestJet dollars on everyday purchases
$0.03
Link your Petro-Points card and save save 3¢/L on fuel and 20% more Petro Points
50
get 50 Be Well points for every $1 spent on eligible products at Rexall
$199
Get an annual round-trip companion voucher for $199 (plus taxes, etc.) for travel within North America (excluding Hawaii)
Earn 1.5% back in WestJet dollars on WestJet Flights and vacation packages
1.5%
Earn 1% back in WestJet dollars on everyday purchases
1%
Link your Petro-Points card and save save 3¢/L on fuel and 20% more Petro Points
$0.03
get 50 Be Well points for every $1 spent on eligible products at Rexall
50
Get an annual round-trip companion voucher for $199 (plus taxes, etc.) for travel within North America (excluding Hawaii)
$199
19.99%
Purchase APR
22.99%
Cash Advance APR
$39
Annual Fee
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$39
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Decent welcome offer
-
Good earn rate
-
Some travel insurance
-
Low minimum annual income requirement
-
Low $39 annual fee
Cons
TD® Aeroplan® Visa Platinum* Card
Earn up to $500 in value†, including up to 20,000 Aeroplan points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by September 3, 2024.
Expires
Sep 4, 2024
1
Earn 1 Aeriplan point for every $1 you spend on gas, grocery, and Air Canada purchases (e.g. Air Canada Vacations)
1
Earn 1 point for every $1.50 you spend everywhere else.
2x
Earn points twice with over 150 Aeroplan partner brands
50%
Earn 50% more Aeroplan points when you link your card with your Starbucks account
Earn 1 Aeriplan point for every $1 you spend on gas, grocery, and Air Canada purchases (e.g. Air Canada Vacations)
1
Earn 1 point for every $1.50 you spend everywhere else.
1
Earn points twice with over 150 Aeroplan partner brands
2x
Earn 50% more Aeroplan points when you link your card with your Starbucks account
50%
20.99%
Purchase APR
22.99%
Cash Advance APR
$89
Annual Fee Additional cardholder is $35
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$89
Excellent
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$0
Required Annual Household Income
$0
1
Earn 1 Aeriplan point for every $1 you spend on gas, grocery, and Air Canada purchases (e.g. Air Canada Vacations)
1
Earn 1 point for every $1.50 you spend everywhere else.
2x
Earn points twice with over 150 Aeroplan partner brands
50%
Earn 50% more Aeroplan points when you link your card with your Starbucks account
Earn 1 Aeriplan point for every $1 you spend on gas, grocery, and Air Canada purchases (e.g. Air Canada Vacations)
1
Earn 1 point for every $1.50 you spend everywhere else.
1
Earn points twice with over 150 Aeroplan partner brands
2x
Earn 50% more Aeroplan points when you link your card with your Starbucks account
50%
20.99%
Purchase APR
22.99%
Cash Advance APR
$89
Annual Fee Additional cardholder is $35
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$89
Excellent
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$0
Required Annual Household Income
$0
TD® Aeroplan® Visa Infinite Privilege* Card
Earn up to $2,900 in value† including up to 85,000 Aeroplan points†. Conditions Apply. Account must be approved by June 3, 2024.
Expires
Jun 4, 2024
2 points
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1.5 points
for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.†
1.25 points
for every $1 you charge to your Card on all other purchases.†
6
lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
2x
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore†
50%
more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account.†
$100
Get a NEXUS application fee rebate every 48 months.†
1st
checked bag free for you and up to eight companions when your travel originates on an Air Canada flight.†
10%
savings at Avis and Budget in North America, 5% off internationally†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
2 points
for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.†
1.5 points
for every $1 you charge to your Card on all other purchases.†
1.25 points
lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
6
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore†
2x
more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account.†
50%
Get a NEXUS application fee rebate every 48 months.†
$100
checked bag free for you and up to eight companions when your travel originates on an Air Canada flight.†
1st
savings at Avis and Budget in North America, 5% off internationally†
10%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$599
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
Welcome bonus up to 85,000 Aeroplan® points (up to $2,900 in value)
-
Complimentary Maple Leaf Lounge access and six worldwide lounge visits annually
-
Priority Boarding and Baggage Handling
-
High Aeroplan® earn rates, double points on eligible Air Canada purchases
-
Extensive travel insurance benefits
-
Free checked bags on Air Canada
-
Preferred Pricing on Aeroplan® flight rewards
-
Visa Infinite Privilege* designation perks (e.g. DragonPass membership)
-
$100 CAD NEXUS credit
Cons
-
Steep annual fee of $599
-
High eligibility requirements ($150,000 personal or $200,000 household income)
-
Additional cardholder fee of $199
-
High-value rewards mainly for Air Canada flights
2 points
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1.5 points
for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.†
1.25 points
for every $1 you charge to your Card on all other purchases.†
6
lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
2x
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore†
50%
more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account.†
$100
Get a NEXUS application fee rebate every 48 months.†
1st
checked bag free for you and up to eight companions when your travel originates on an Air Canada flight.†
10%
savings at Avis and Budget in North America, 5% off internationally†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
2 points
for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.†
1.5 points
for every $1 you charge to your Card on all other purchases.†
1.25 points
lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
6
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore†
2x
more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account.†
50%
Get a NEXUS application fee rebate every 48 months.†
$100
checked bag free for you and up to eight companions when your travel originates on an Air Canada flight.†
1st
savings at Avis and Budget in North America, 5% off internationally†
10%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$599
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
Pros
-
Welcome bonus up to 85,000 Aeroplan® points (up to $2,900 in value)
-
Complimentary Maple Leaf Lounge access and six worldwide lounge visits annually
-
Priority Boarding and Baggage Handling
-
High Aeroplan® earn rates, double points on eligible Air Canada purchases
-
Extensive travel insurance benefits
-
Free checked bags on Air Canada
-
Preferred Pricing on Aeroplan® flight rewards
-
Visa Infinite Privilege* designation perks (e.g. DragonPass membership)
-
$100 CAD NEXUS credit
Cons
-
Steep annual fee of $599
-
High eligibility requirements ($150,000 personal or $200,000 household income)
-
Additional cardholder fee of $199
-
High-value rewards mainly for Air Canada flights
TD Rewards Visa* Card
Earn a value of $50† in TD Rewards Points† to use on eligible Amazon.ca purchases plus, no Annual Fee. Conditions Apply. Account must be approved by June 3, 2024
Expires
Jun 4, 2024
4 Points
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
3 Points
Earn 3 TD Rewards Points for every $1 you spend on groceries and restaurants†
2 Points
Earn 2 TD Rewards Points for every $1 you spend on recurring bills†
1 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
50%
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
4 Points
Earn 3 TD Rewards Points for every $1 you spend on groceries and restaurants†
3 Points
Earn 2 TD Rewards Points for every $1 you spend on recurring bills†
2 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
1 Points
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
50%
19.99%
Purchase APR APR for purchases 19.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$0
Annual Fee Additional cardholder is $0
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Excellent
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Wide range of point redemption options, including travel†, Amazon.ca†, online retailers†, card statement credits†, etc.
-
Good rate of return on spending and redeeming via the travel platform Expedia® For TD†
-
Decent value for those that have a high volume of recurring bills
Cons
-
Point redemption values are moderate to poor
-
Low spending limits for earning extra points on groceries and restaurants
-
High credit score requirement
4 Points
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
3 Points
Earn 3 TD Rewards Points for every $1 you spend on groceries and restaurants†
2 Points
Earn 2 TD Rewards Points for every $1 you spend on recurring bills†
1 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
50%
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
Earn 4 TD Rewards Points for every $1 you spend on travel through ExpediaForTD.com†
4 Points
Earn 3 TD Rewards Points for every $1 you spend on groceries and restaurants†
3 Points
Earn 2 TD Rewards Points for every $1 you spend on recurring bills†
2 Points
Earn 1 TD Rewards Point for every $1 you spend on all other purchases†
1 Points
Earn 50% more TD Rewards Points and 50% more Stars at Starbucks†
50%
19.99%
Purchase APR APR for purchases 19.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$0
Annual Fee Additional cardholder is $0
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Excellent
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$0
Required Annual Household Income
$0
Pros
-
Wide range of point redemption options, including travel†, Amazon.ca†, online retailers†, card statement credits†, etc.
-
Good rate of return on spending and redeeming via the travel platform Expedia® For TD†
-
Decent value for those that have a high volume of recurring bills
Cons
-
Point redemption values are moderate to poor
-
Low spending limits for earning extra points on groceries and restaurants
-
High credit score requirement
TD® Aeroplan® Visa Infinite* Card
Earn up to $1,200 in value† including up to 50,000 Aeroplan points†. Conditions Apply. Account must be approved by June 3, 2024.
Expires
Jun 4, 2024
1.5 points
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1 point
Earn 1 point for every $1 you spend on all other purchases†
2x
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.†
50%
Earn 50% more Aeroplan points at Starbucks when you link your card to your account.†
1
NEXUS application fee rebate every 48 months†
1st
checked bag free for you and up to 8 travel companions†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1.5 points
Earn 1 point for every $1 you spend on all other purchases†
1 point
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.†
2x
Earn 50% more Aeroplan points at Starbucks when you link your card to your account.†
50%
NEXUS application fee rebate every 48 months†
1
checked bag free for you and up to 8 travel companions†
1st
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder is $75.†
2.50%
Foreign Transaction Fee Foreign transaction fee: 2.50%†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.
-
Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.
Cons
-
No airport lounge membership or free lounge access.
-
Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.
1.5 points
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1 point
Earn 1 point for every $1 you spend on all other purchases†
2x
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.†
50%
Earn 50% more Aeroplan points at Starbucks when you link your card to your account.†
1
NEXUS application fee rebate every 48 months†
1st
checked bag free for you and up to 8 travel companions†
for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®)†
1.5 points
Earn 1 point for every $1 you spend on all other purchases†
1 point
Earn points twice with Aeroplan partner brands and on the Aeroplan eStore.†
2x
Earn 50% more Aeroplan points at Starbucks when you link your card to your account.†
50%
NEXUS application fee rebate every 48 months†
1
checked bag free for you and up to 8 travel companions†
1st
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder is $75.†
2.50%
Foreign Transaction Fee Foreign transaction fee: 2.50%†
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.50%
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
The card has a high earn rate for Aeroplan Points, generating 1.5 points† per $1 spent on eligible purchases.
-
Insurance offered includes coverage in the categories that travellers need, and is generally better than its Aeroplan peers at a similar annual fee level.
Cons
-
No airport lounge membership or free lounge access.
-
Aeroplan points can’t be redeemed for flights outside the Star Alliance network, nor can they be redeemed for cash credit. This makes them less flexible than some competing travel rewards programs.
TD U.S. Dollar Visa* Card
Good
about new welcome offers by email
N/A
There are no reward offerings with this card.
There are no reward offerings with this card.
N/A
19.99%
Purchase APR
22.99%
Cash Advance APR
$39
Annual Fee (USD). Option to waive with TD Borderless Plan
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$39
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
N/A
There are no reward offerings with this card.
There are no reward offerings with this card.
N/A
19.99%
Purchase APR
22.99%
Cash Advance APR
$39
Annual Fee (USD). Option to waive with TD Borderless Plan
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$39
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
TD Platinum Travel Visa* Card
Good
about new welcome offers by email
6
TD Rewards points for every $1 spent on travel with ExpediaForTd.com
4.5
TD Rewards Points for every $1 spent on groceries and dining out
3
TD Rewards Points for every $1 spent on recurring bill payments
1.5
TD Rewards Points for every $1 spent on everything else
TD Rewards points for every $1 spent on travel with ExpediaForTd.com
6
TD Rewards Points for every $1 spent on groceries and dining out
4.5
TD Rewards Points for every $1 spent on recurring bill payments
3
TD Rewards Points for every $1 spent on everything else
1.5
20.99%
Purchase APR
22.99%
Cash Advance APR
$89
Annual Fee Waived for the first year
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$89
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
6
TD Rewards points for every $1 spent on travel with ExpediaForTd.com
4.5
TD Rewards Points for every $1 spent on groceries and dining out
3
TD Rewards Points for every $1 spent on recurring bill payments
1.5
TD Rewards Points for every $1 spent on everything else
TD Rewards points for every $1 spent on travel with ExpediaForTd.com
6
TD Rewards Points for every $1 spent on groceries and dining out
4.5
TD Rewards Points for every $1 spent on recurring bill payments
3
TD Rewards Points for every $1 spent on everything else
1.5
20.99%
Purchase APR
22.99%
Cash Advance APR
$89
Annual Fee Waived for the first year
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$89
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
TD Low Rate Visa* Card
Get an 8.99% promotional interest rate on Purchases for the first 6 months from Account opening
Expires
Sep 3, 2024
10%
savings off the lowest available base rate in Canada at Avis and Budget Rent A Car.
50%
More Stars at participating Starbucks® stores.
savings off the lowest available base rate in Canada at Avis and Budget Rent A Car.
10%
More Stars at participating Starbucks® stores.
50%
12.90%
Purchase APR 24.99% applies if you miss a minimum payment before it due date twice in any one year.
12.90%
Cash Advance APR 27.99% applies if min. payment is not received by due date twice within any 12 consecutive periods.
$25
Annual Fee $0 for additional cardholder
Purchase APR
12.90%
Cash Advance APR
12.90%
Annual Fee
$25
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
A low annual interest rate on purchases and cash advances
-
Earn 50% more Stars at participating Starbucks
-
Enjoy discounted rental cars at select Avis and Budget dealers
-
Extended warranty and purchase security
-
Take advantage of TD Purchase Plan for purchases of $100 or more
-
Option to purchase a TD Auto Club Membership, as well as travel medical insurance and trip cancellation/trip interruption insurance
-
Those with a low credit score may be eligible for the card
Cons
-
No reward points
-
Only comes with basic insurance, other insurance must be purchased for an additional cost
10%
savings off the lowest available base rate in Canada at Avis and Budget Rent A Car.
50%
More Stars at participating Starbucks® stores.
savings off the lowest available base rate in Canada at Avis and Budget Rent A Car.
10%
More Stars at participating Starbucks® stores.
50%
12.90%
Purchase APR 24.99% applies if you miss a minimum payment before it due date twice in any one year.
12.90%
Cash Advance APR 27.99% applies if min. payment is not received by due date twice within any 12 consecutive periods.
$25
Annual Fee $0 for additional cardholder
Purchase APR
12.90%
Cash Advance APR
12.90%
Annual Fee
$25
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
A low annual interest rate on purchases and cash advances
-
Earn 50% more Stars at participating Starbucks
-
Enjoy discounted rental cars at select Avis and Budget dealers
-
Extended warranty and purchase security
-
Take advantage of TD Purchase Plan for purchases of $100 or more
-
Option to purchase a TD Auto Club Membership, as well as travel medical insurance and trip cancellation/trip interruption insurance
-
Those with a low credit score may be eligible for the card
Cons
-
No reward points
-
Only comes with basic insurance, other insurance must be purchased for an additional cost
Scotiabank Value Visa
0% introductory interest rate on balance transfers for the first 10 months (12.99% after that; annual fee $29), plus no annual fee for the first year.¹
Expires
Nov 1, 2024
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$29
Annual Fee $0.00 each Supplementary Card
2.50%
Foreign Transaction Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$29
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$29
Annual Fee $0.00 each Supplementary Card
2.50%
Foreign Transaction Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$29
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
Scotiabank® Scene+™ Visa*
about new welcome offers by email
2x
Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
2x
Scene+ points4 for every $1 you spend at Home Hardware, Home Building Centre, Home Hardware Building Centre, Home Furniture locations in Canada and online at homehardware.ca.
2x
Scene+ points for every $1 you spend at Cineplex◊ theatres or at cineplex.com.
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
25%
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
2x
Scene+ points4 for every $1 you spend at Home Hardware, Home Building Centre, Home Hardware Building Centre, Home Furniture locations in Canada and online at homehardware.ca.
2x
Scene+ points for every $1 you spend at Cineplex◊ theatres or at cineplex.com.
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
25%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Generous rewards with 2X points at Cineplex and grocery stores
-
Low redemption thresholds for various rewards
-
5,000 bonus Scene+ points as a sign-up bonus
-
Points don't expire
-
Car rental savings up to 25%
Cons
-
Limited earning potential for high spenders
-
Limited travel-related benefits compared to travel cards
-
Focus on entertainment and dining rewards may not suit all users
-
Limited sign-up bonus compared to cards with annual fees
-
Car rental savings limited to specific locations
2x
Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
2x
Scene+ points4 for every $1 you spend at Home Hardware, Home Building Centre, Home Hardware Building Centre, Home Furniture locations in Canada and online at homehardware.ca.
2x
Scene+ points for every $1 you spend at Cineplex◊ theatres or at cineplex.com.
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
25%
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more.
2x
Scene+ points4 for every $1 you spend at Home Hardware, Home Building Centre, Home Hardware Building Centre, Home Furniture locations in Canada and online at homehardware.ca.
2x
Scene+ points for every $1 you spend at Cineplex◊ theatres or at cineplex.com.
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
Save up to 25% off base rates at participating Avis locations and participating Budget locations in North America.
25%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee
-
Generous rewards with 2X points at Cineplex and grocery stores
-
Low redemption thresholds for various rewards
-
5,000 bonus Scene+ points as a sign-up bonus
-
Points don't expire
-
Car rental savings up to 25%
Cons
-
Limited earning potential for high spenders
-
Limited travel-related benefits compared to travel cards
-
Focus on entertainment and dining rewards may not suit all users
-
Limited sign-up bonus compared to cards with annual fees
-
Car rental savings limited to specific locations
Scotia Momentum Mastercard credit card
7.99% interest rate on purchases for the first 6 months
Expires
Nov 1, 2024
1%
Earn 1% cash back on eligible gas station, grocery store, drug store, and recurring payments
0.5%
Earn 0.5% cash back on all other purchases.
25%
Save up to 25% at Avis and Budget locations in North America
Earn 1% cash back on eligible gas station, grocery store, drug store, and recurring payments
1%
Earn 0.5% cash back on all other purchases.
0.5%
Save up to 25% at Avis and Budget locations in North America
25%
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
No annual fee
-
Earn up to 1% cash back rewards on eligible purchases
-
Enjoy a low Introductory interest rate on purchases
-
A simple and straightforward rewards structure makes earning rewards easy on daily spending.
Cons
-
Rigid redemption process as cash-back rewards are awarded annually only in November
-
Low base rewards rate
-
The card charges a 2.5% fee on foreign transactions.
-
Limited insurance coverage
-
No advanced perks like airport lounge access or higher rate cash back categories
1%
Earn 1% cash back on eligible gas station, grocery store, drug store, and recurring payments
0.5%
Earn 0.5% cash back on all other purchases.
25%
Save up to 25% at Avis and Budget locations in North America
Earn 1% cash back on eligible gas station, grocery store, drug store, and recurring payments
1%
Earn 0.5% cash back on all other purchases.
0.5%
Save up to 25% at Avis and Budget locations in North America
25%
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
No annual fee
-
Earn up to 1% cash back rewards on eligible purchases
-
Enjoy a low Introductory interest rate on purchases
-
A simple and straightforward rewards structure makes earning rewards easy on daily spending.
Cons
-
Rigid redemption process as cash-back rewards are awarded annually only in November
-
Low base rewards rate
-
The card charges a 2.5% fee on foreign transactions.
-
Limited insurance coverage
-
No advanced perks like airport lounge access or higher rate cash back categories
Scotia Momentum No-Fee Visa Card
Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0)
Expires
Nov 1, 2024
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
1%
Cash back on all other eligible purchases.
0.5%
Off base rates at Avid and Budget locations in North America.
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.50%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Earn up to 7,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
1%
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
0.5%
Cash back on all other eligible purchases.
25%
Off base rates at Avid and Budget locations in North America.
Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.
1%
Cash back on all other eligible purchases.
0.5%
Off base rates at Avid and Budget locations in North America.
25%
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee $0 for each additional card
2.50%
Foreign Transaction Fee
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Earn up to 7,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Scotia Momentum® Visa* Card
Fair
about new welcome offers by email
2%
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
1%
cash back on all other eligible purchases.
25%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
90
days of purchase security on most items purchased with your card.
1
extra year on top of manufacturer's warranty.
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
2%
cash back on all other eligible purchases.
1%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
25%
days of purchase security on most items purchased with your card.
90
extra year on top of manufacturer's warranty.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$39
Annual Fee $15 for each supplementary card
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$39
Fair
Recommended Credit Score
Recommended Credit Score
Fair
2%
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
1%
cash back on all other eligible purchases.
25%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
90
days of purchase security on most items purchased with your card.
1
extra year on top of manufacturer's warranty.
cash back for every $1 you spend on all eligible gas stations, grocery store, drug store purchases and recurring bill payments.
2%
cash back on all other eligible purchases.
1%
savings off base rates at participating AVIS locations and at participating Budget locations in North America.
25%
days of purchase security on most items purchased with your card.
90
extra year on top of manufacturer's warranty.
1
19.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$39
Annual Fee $15 for each supplementary card
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$39
Fair
Recommended Credit Score
Recommended Credit Score
Fair
RBC Avion Visa Infinite Privilege
about new welcome offers by email
1.25
Avion points for every $1 you spend
3¢/L
savings at Petro-Canada and always earn 20% more Avion points
50
Be Well points for every $1 spent on eligible products at Rexall
20%
savings at Hertz and earn 3x the Avion points
$0
delivery fees for 12 months from DoorDash
Avion points for every $1 you spend
1.25
savings at Petro-Canada and always earn 20% more Avion points
3¢/L
Be Well points for every $1 spent on eligible products at Rexall
50
savings at Hertz and earn 3x the Avion points
20%
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% if you reside in Quebec
$399
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$399
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Competitive welcome bonus, earned on approval
-
Great insurance coverage
-
1.25 Avion points per dollar spent on eligible purchases
-
Plenty of of bonus perks like lounge access and ski pass
Cons
-
Intimidating, unskippable annual fee
-
High-income barrier, with a very good credit score needed
1.25
Avion points for every $1 you spend
3¢/L
savings at Petro-Canada and always earn 20% more Avion points
50
Be Well points for every $1 spent on eligible products at Rexall
20%
savings at Hertz and earn 3x the Avion points
$0
delivery fees for 12 months from DoorDash
Avion points for every $1 you spend
1.25
savings at Petro-Canada and always earn 20% more Avion points
3¢/L
Be Well points for every $1 spent on eligible products at Rexall
50
savings at Hertz and earn 3x the Avion points
20%
delivery fees for 12 months from DoorDash
$0
20.99%
Purchase APR
22.99%
Cash Advance APR 21.99% if you reside in Quebec
$399
Annual Fee
2.50%
Foreign Transaction Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$399
Foreign Transaction Fee
2.50%
Very Good
Recommended Credit Score
Recommended Credit Score
Very Good
Pros
-
Competitive welcome bonus, earned on approval
-
Great insurance coverage
-
1.25 Avion points per dollar spent on eligible purchases
-
Plenty of of bonus perks like lounge access and ski pass
Cons
-
Intimidating, unskippable annual fee
-
High-income barrier, with a very good credit score needed
RBC Avion Visa Platinum
Get 35,000 welcome Avion points on approval
1
Avion point for every dollar you spend qualifying purchases, plus earn bonus points through purchases at selected retailers using your Avion Rewards credit card.
3 cents
per litre savings on fuel and 20% more Petro-Points at Petro-Canada gas stations
50
Be Well points for every $1 spent on eligible products at Rexall
20%
savings and 2x the Avion points with Hertz rental cars.
$0
delivery fees for 12 months from DoorDash with a DashPass subscription
$500,000
Travel accident insurance
48
consecutive days of rental car insurance for cars up to $65,000 MSRP
$1,000
of trip cancellation insurance for each covered person, up to an overall maximum of $5,000
$250
of flight delay insurance per covered person to a maximum of $500 total per occurrence.
$500
for delayed baggage insurance per occurrence for each covered person to a maximum of $25,000 per occurrence.
$2,500
for hotel/motel burglary insurance per occurrence.
1
year of manufacturer's extended warranty insurance
$50,000
purchase security insurance for loss or accidental physical damage to insured items purchase with your card for ninety (90) days from the date of purchase.
Avion point for every dollar you spend qualifying purchases, plus earn bonus points through purchases at selected retailers using your Avion Rewards credit card.
1
per litre savings on fuel and 20% more Petro-Points at Petro-Canada gas stations
3 cents
Be Well points for every $1 spent on eligible products at Rexall
50
savings and 2x the Avion points with Hertz rental cars.
20%
delivery fees for 12 months from DoorDash with a DashPass subscription
$0
Travel accident insurance
$500,000
consecutive days of rental car insurance for cars up to $65,000 MSRP
48
of trip cancellation insurance for each covered person, up to an overall maximum of $5,000
$1,000
of flight delay insurance per covered person to a maximum of $500 total per occurrence.
$250
for delayed baggage insurance per occurrence for each covered person to a maximum of $25,000 per occurrence.
$500
for hotel/motel burglary insurance per occurrence.
$2,500
year of manufacturer's extended warranty insurance
1
purchase security insurance for loss or accidental physical damage to insured items purchase with your card for ninety (90) days from the date of purchase.
$50,000
20.99%
Purchase APR
22.99%
Cash Advance APR
$120
Annual Fee $50 for each additional card
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$120
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Get up to 35,000 bonus points
-
The welcome bonus is simple and doesn’t require a minimum spend
-
Included travel insurance
-
Save 3 cents per litre on fuel at Petro Canada
Cons
-
No lounge access
-
Earn only 1 point per dollar spent
-
High-interest rates
1
Avion point for every dollar you spend qualifying purchases, plus earn bonus points through purchases at selected retailers using your Avion Rewards credit card.
3 cents
per litre savings on fuel and 20% more Petro-Points at Petro-Canada gas stations
50
Be Well points for every $1 spent on eligible products at Rexall
20%
savings and 2x the Avion points with Hertz rental cars.
$0
delivery fees for 12 months from DoorDash with a DashPass subscription
$500,000
Travel accident insurance
48
consecutive days of rental car insurance for cars up to $65,000 MSRP
$1,000
of trip cancellation insurance for each covered person, up to an overall maximum of $5,000
$250
of flight delay insurance per covered person to a maximum of $500 total per occurrence.
$500
for delayed baggage insurance per occurrence for each covered person to a maximum of $25,000 per occurrence.
$2,500
for hotel/motel burglary insurance per occurrence.
1
year of manufacturer's extended warranty insurance
$50,000
purchase security insurance for loss or accidental physical damage to insured items purchase with your card for ninety (90) days from the date of purchase.
Avion point for every dollar you spend qualifying purchases, plus earn bonus points through purchases at selected retailers using your Avion Rewards credit card.
1
per litre savings on fuel and 20% more Petro-Points at Petro-Canada gas stations
3 cents
Be Well points for every $1 spent on eligible products at Rexall
50
savings and 2x the Avion points with Hertz rental cars.
20%
delivery fees for 12 months from DoorDash with a DashPass subscription
$0
Travel accident insurance
$500,000
consecutive days of rental car insurance for cars up to $65,000 MSRP
48
of trip cancellation insurance for each covered person, up to an overall maximum of $5,000
$1,000
of flight delay insurance per covered person to a maximum of $500 total per occurrence.
$250
for delayed baggage insurance per occurrence for each covered person to a maximum of $25,000 per occurrence.
$500
for hotel/motel burglary insurance per occurrence.
$2,500
year of manufacturer's extended warranty insurance
1
purchase security insurance for loss or accidental physical damage to insured items purchase with your card for ninety (90) days from the date of purchase.
$50,000
20.99%
Purchase APR
22.99%
Cash Advance APR
$120
Annual Fee $50 for each additional card
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$120
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
Get up to 35,000 bonus points
-
The welcome bonus is simple and doesn’t require a minimum spend
-
Included travel insurance
-
Save 3 cents per litre on fuel at Petro Canada
Cons
-
No lounge access
-
Earn only 1 point per dollar spent
-
High-interest rates
RBC Cash Back Mastercard
about new welcome offers by email
2%
Up to 2% unlimited cash back on groceries
1%
Up to 1% unlimited cash back on everything else
$0.03
Link your card and instantly save 3¢/L on fuel and 20% more Petro-Points at Petro Canada
50
Get 50 Be Well points for every $1 spent on eligible products at Rexall
Up to 2% unlimited cash back on groceries
2%
Up to 1% unlimited cash back on everything else
1%
Link your card and instantly save 3¢/L on fuel and 20% more Petro-Points at Petro Canada
$0.03
Get 50 Be Well points for every $1 spent on eligible products at Rexall
50
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR $3.50 fee
$0
Annual Fee No annual fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee, no fee for additional cardholders
-
Up to 2% cash back on groceries², up to 1% cash back on everything else²
-
No limit on cash back earned¹
-
Save money on gas at Petro-Canada⁵
-
Easy approval requirements
Cons
-
Cash back rewards on groceries drop to 1% after you accumulate $6,000 in grocery charges
-
No travel insurance or other perks
-
No welcome bonus
-
0.5% applies to the cash back on everything else up to $6,000 but what is impressive is that for all non-grocery spend the cash back rate actually goes up from the 0.5% to 1% on spend over $6,000, rewarding as your spend more instead of diminishing
-
No travel insurance or other perks
-
No welcome bonus
2%
Up to 2% unlimited cash back on groceries
1%
Up to 1% unlimited cash back on everything else
$0.03
Link your card and instantly save 3¢/L on fuel and 20% more Petro-Points at Petro Canada
50
Get 50 Be Well points for every $1 spent on eligible products at Rexall
Up to 2% unlimited cash back on groceries
2%
Up to 1% unlimited cash back on everything else
1%
Link your card and instantly save 3¢/L on fuel and 20% more Petro-Points at Petro Canada
$0.03
Get 50 Be Well points for every $1 spent on eligible products at Rexall
50
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR $3.50 fee
$0
Annual Fee No annual fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Good
Recommended Credit Score
Recommended Credit Score
Good
Pros
-
No annual fee, no fee for additional cardholders
-
Up to 2% cash back on groceries², up to 1% cash back on everything else²
-
No limit on cash back earned¹
-
Save money on gas at Petro-Canada⁵
-
Easy approval requirements
Cons
-
Cash back rewards on groceries drop to 1% after you accumulate $6,000 in grocery charges
-
No travel insurance or other perks
-
No welcome bonus
-
0.5% applies to the cash back on everything else up to $6,000 but what is impressive is that for all non-grocery spend the cash back rate actually goes up from the 0.5% to 1% on spend over $6,000, rewarding as your spend more instead of diminishing
-
No travel insurance or other perks
-
No welcome bonus
RBC ION Visa
Get 3,500 Avion points on approval
1.5x
Avion points for every $1 spent on groceries, transportation (gas, rideshare, transit, EV charging), and streaming services and subscriptions
1
Avion point for every $1 spent on all other qualifying purchases
1
year extension on manufacturer's warranty
90 days
of purchase security protection
3¢/L
savings at Petro-Canada
50
Be Well points at Rexall for every $1 spent
3
month DashPass subscription to enjoy unlimited deliveries with $0 delivery fees from DoorDash.
Avion points for every $1 spent on groceries, transportation (gas, rideshare, transit, EV charging), and streaming services and subscriptions
1.5x
Avion point for every $1 spent on all other qualifying purchases
1
year extension on manufacturer's warranty
1
of purchase security protection
90 days
savings at Petro-Canada
3¢/L
Be Well points at Rexall for every $1 spent
50
month DashPass subscription to enjoy unlimited deliveries with $0 delivery fees from DoorDash.
3
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee $0 for additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
No annual fee
-
Minimum redemption is only $10
-
DoorDash subscription worth $30
Cons
-
Miserly welcome bonus, valued at less than many cash back bonuses
-
Collects Avion ION points which are worth about half as much as traditional Avion points
-
Pretty “meh” on points collection through daily spending
1.5x
Avion points for every $1 spent on groceries, transportation (gas, rideshare, transit, EV charging), and streaming services and subscriptions
1
Avion point for every $1 spent on all other qualifying purchases
1
year extension on manufacturer's warranty
90 days
of purchase security protection
3¢/L
savings at Petro-Canada
50
Be Well points at Rexall for every $1 spent
3
month DashPass subscription to enjoy unlimited deliveries with $0 delivery fees from DoorDash.
Avion points for every $1 spent on groceries, transportation (gas, rideshare, transit, EV charging), and streaming services and subscriptions
1.5x
Avion point for every $1 spent on all other qualifying purchases
1
year extension on manufacturer's warranty
1
of purchase security protection
90 days
savings at Petro-Canada
3¢/L
Be Well points at Rexall for every $1 spent
50
month DashPass subscription to enjoy unlimited deliveries with $0 delivery fees from DoorDash.
3
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee $0 for additional cards
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
No annual fee
-
Minimum redemption is only $10
-
DoorDash subscription worth $30
Cons
-
Miserly welcome bonus, valued at less than many cash back bonuses
-
Collects Avion ION points which are worth about half as much as traditional Avion points
-
Pretty “meh” on points collection through daily spending
RBC Visa Platinum
Fair
No annual fee
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
$0 annual fee
-
Discounts on fuel and extra Petro-Points
-
Premium vehicle and travel insurance
-
Exclusive discounts from top brands
-
Sizeable credit limit up to $50,000
-
Free additional card
-
Easy setup for exclusive offer notifications
Cons
-
Limited focus on perks and privileges
-
No extensive bonus programs
-
May not suit those seeking complex rewards systems
-
Limited emphasis on extravagant benefits
20.99%
Purchase APR
22.99%
Cash Advance APR
$0
Annual Fee
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$0
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
$0 annual fee
-
Discounts on fuel and extra Petro-Points
-
Premium vehicle and travel insurance
-
Exclusive discounts from top brands
-
Sizeable credit limit up to $50,000
-
Free additional card
-
Easy setup for exclusive offer notifications
Cons
-
Limited focus on perks and privileges
-
No extensive bonus programs
-
May not suit those seeking complex rewards systems
-
Limited emphasis on extravagant benefits
RBC Visa Classic Low Rate Option
Fair
about new welcome offers by email
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$20
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$20
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Low interest rate
-
No minimum income requirement
-
Basic purchase protection and extended warranty
-
Linked benefits with Petro-Points program
-
Holistic evaluation for varied credit histories
Cons
-
$20 annual fee
-
Other cards offer similar rates with no annual fee
-
Optional benefits may be found cheaper elsewhere
-
Not among the best low-interest cards due to competition
-
Balance transfer promotions lacking compared to competitors
12.99%
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
$20
Annual Fee
Purchase APR
12.99%
Balance Transfer Rate
12.99%
Cash Advance APR
12.99%
Annual Fee
$20
Fair
Recommended Credit Score
Recommended Credit Score
Fair
Pros
-
Low interest rate
-
No minimum income requirement
-
Basic purchase protection and extended warranty
-
Linked benefits with Petro-Points program
-
Holistic evaluation for varied credit histories
Cons
-
$20 annual fee
-
Other cards offer similar rates with no annual fee
-
Optional benefits may be found cheaper elsewhere
-
Not among the best low-interest cards due to competition
-
Balance transfer promotions lacking compared to competitors
RBC Cash Back Preferred World Elite Mastercard
Good
about new welcome offers by email
1.5%
Earn up to 1.5% cash back on your spending without limit.
$0.03
Link your card and instantly save 3¢/L on fuel and get 20% more Petro-Points
50
Get 50 Be Well points for every $1 spent on eligible products at Rexall
Earn up to 1.5% cash back on your spending without limit.
1.5%
Link your card and instantly save 3¢/L on fuel and get 20% more Petro-Points
$0.03
Get 50 Be Well points for every $1 spent on eligible products at Rexall
50
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$99
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High flat cash back rate
-
No annual fee for additional cardholders
-
No limit to cash back earned²
-
Access to Mastercard World Elite Benefits
-
Save 3₵ per litre on Gas at Petro-Canada and Earn 20% More Petro-Points⁷
-
Redeem Cash Back Anytime Once You Hit $25
-
Complimentary Access to Boingo‡ Public Wi-Fi
-
Auto Rental Collision/Loss Damage⁴, Purchase and Extended Warranty Insurance³
Cons
-
High minimum income requirements
-
$25,000 Cap on 1.5% Cash Back (but earn 1% Cash Back after $25,000)¹
-
No medical, travel or accidental death insurance
-
No welcome bonus or introductory rates
1.5%
Earn up to 1.5% cash back on your spending without limit.
$0.03
Link your card and instantly save 3¢/L on fuel and get 20% more Petro-Points
50
Get 50 Be Well points for every $1 spent on eligible products at Rexall
Earn up to 1.5% cash back on your spending without limit.
1.5%
Link your card and instantly save 3¢/L on fuel and get 20% more Petro-Points
$0.03
Get 50 Be Well points for every $1 spent on eligible products at Rexall
50
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$99
Annual Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$99
Good
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
High flat cash back rate
-
No annual fee for additional cardholders
-
No limit to cash back earned²
-
Access to Mastercard World Elite Benefits
-
Save 3₵ per litre on Gas at Petro-Canada and Earn 20% More Petro-Points⁷
-
Redeem Cash Back Anytime Once You Hit $25
-
Complimentary Access to Boingo‡ Public Wi-Fi
-
Auto Rental Collision/Loss Damage⁴, Purchase and Extended Warranty Insurance³
Cons
-
High minimum income requirements
-
$25,000 Cap on 1.5% Cash Back (but earn 1% Cash Back after $25,000)¹
-
No medical, travel or accidental death insurance
-
No welcome bonus or introductory rates
RBC ION+ Visa
about new welcome offers by email
3
Avion Ion points† per $1 on qualifying grocery, dining, food delivery, gas, rideshare, public transit, EV charging, streaming, digital gaming and online subscriptions
1
Avion Ion point per $1 on all other purchases
Avion Ion points† per $1 on qualifying grocery, dining, food delivery, gas, rideshare, public transit, EV charging, streaming, digital gaming and online subscriptions
3
Avion Ion point per $1 on all other purchases
1
20.99%
Purchase APR
22.99%
Balance Transfer Rate 21.99 for Quebec residents
22.99%
Cash Advance APR 21.99% for residents of Quebec
$48
Annual Fee $4 per month
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$48
Good
Recommended Credit Score
Recommended Credit Score
Good
3
Avion Ion points† per $1 on qualifying grocery, dining, food delivery, gas, rideshare, public transit, EV charging, streaming, digital gaming and online subscriptions
1
Avion Ion point per $1 on all other purchases
Avion Ion points† per $1 on qualifying grocery, dining, food delivery, gas, rideshare, public transit, EV charging, streaming, digital gaming and online subscriptions
3
Avion Ion point per $1 on all other purchases
1
20.99%
Purchase APR
22.99%
Balance Transfer Rate 21.99 for Quebec residents
22.99%
Cash Advance APR 21.99% for residents of Quebec
$48
Annual Fee $4 per month
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$48
Good
Recommended Credit Score
Recommended Credit Score
Good
RBC British Airways Visa Infinite
4
max 60K Avios
Good
Receive up to 60,000 bonus Avios
3 points
Earn 3 Avios for every $1 CAD you spend on British Airways purchases
2 points
Earn 2 Avios for every $1 CAD you spend on dining
1 point
Earn 1 Avios for every $1 CAD you spend on your card
1
Earn 1 annual companion voucher when you spend $30,000 annually (or 50% off a solo ticket).
Earn 3 Avios for every $1 CAD you spend on British Airways purchases
3 points
Earn 2 Avios for every $1 CAD you spend on dining
2 points
Earn 1 Avios for every $1 CAD you spend on your card
1 point
Earn 1 annual companion voucher when you spend $30,000 annually (or 50% off a solo ticket).
1
20.50%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$165
Annual Fee
Purchase APR
20.50%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$165
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Earn a Companion Award eVoucher when you spend $30,000 CAD annually˜
-
Comprehensive Insurances convenient for during travel
-
Generous welcome bonus
-
Can use Avios with British Airways and oneworld partner airlines
Cons
-
Companion award comes with stringent requirements and expensive additional fees
-
Only one accelerated earn category
-
Can’t transfer Avios to other loyalty programs
-
Higher-than-average annual fee
3 points
Earn 3 Avios for every $1 CAD you spend on British Airways purchases
2 points
Earn 2 Avios for every $1 CAD you spend on dining
1 point
Earn 1 Avios for every $1 CAD you spend on your card
1
Earn 1 annual companion voucher when you spend $30,000 annually (or 50% off a solo ticket).
Earn 3 Avios for every $1 CAD you spend on British Airways purchases
3 points
Earn 2 Avios for every $1 CAD you spend on dining
2 points
Earn 1 Avios for every $1 CAD you spend on your card
1 point
Earn 1 annual companion voucher when you spend $30,000 annually (or 50% off a solo ticket).
1
20.50%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$165
Annual Fee
Purchase APR
20.50%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$165
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
Pros
-
Earn a Companion Award eVoucher when you spend $30,000 CAD annually˜
-
Comprehensive Insurances convenient for during travel
-
Generous welcome bonus
-
Can use Avios with British Airways and oneworld partner airlines
Cons
-
Companion award comes with stringent requirements and expensive additional fees
-
Only one accelerated earn category
-
Can’t transfer Avios to other loyalty programs
-
Higher-than-average annual fee
Tangerine Money-Back Credit Card
about new welcome offers by email
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
2%
Get a Tangerine Savings account and add a 3rd 2% cash back category.
3
Earn 0.50% on all your other everyday purchases.
0.5%
19.95%
Purchase APR
1.95%
Balance Transfer Rate 1.95% interest for first 6 months, 19.95% after that.
19.95%
Cash Advance APR $3.50 within Canada, $5.00 outside Canada
$0
Annual Fee $0 for additional cardholders
2.50%
Foreign Transaction Fee
Purchase APR
19.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$12,000
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
2%
Get a Tangerine Savings account and add a 3rd 2% cash back category.
3
Earn 0.50% on all your other everyday purchases.
0.5%
19.95%
Purchase APR
1.95%
Balance Transfer Rate 1.95% interest for first 6 months, 19.95% after that.
19.95%
Cash Advance APR $3.50 within Canada, $5.00 outside Canada
$0
Annual Fee $0 for additional cardholders
2.50%
Foreign Transaction Fee
Purchase APR
19.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Fair
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Fair
Required Annual Personal Income
$12,000
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Rogers™ World Elite Mastercard
$25 Welcome Bonus in cash back rewards upon first card purchase within 3 months of receiving your card2
3%
Earn 3% unlimited cash back on purchases made in U.S. dollars.
1.5%
Earn 1.5% unlimited cash back on everything else.
Earn 3% unlimited cash back on purchases made in U.S. dollars.
3%
Earn 1.5% unlimited cash back on everything else.
1.5%
19.99%
Purchase APR Increasing to 20.99% April 2024
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee To maintain eligibility, you must spend at least $15,000/year.
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Lucrative cash back rates on USD and CAD purchases
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Travel insurance perks and airport lounge access
-
Welcome bonus in cash back rewards
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
3%
Earn 3% unlimited cash back on purchases made in U.S. dollars.
1.5%
Earn 1.5% unlimited cash back on everything else.
Earn 3% unlimited cash back on purchases made in U.S. dollars.
3%
Earn 1.5% unlimited cash back on everything else.
1.5%
19.99%
Purchase APR Increasing to 20.99% April 2024
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee To maintain eligibility, you must spend at least $15,000/year.
Purchase APR
19.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
Pros
-
Lucrative cash back rates on USD and CAD purchases
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Travel insurance perks and airport lounge access
-
Welcome bonus in cash back rewards
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Walmart Rewards™ Mastercard®
3
Good
about new welcome offers by email
1.25%
back in Walmart Rewards on all purchases made in-store or online at Walmart
1%
back in Walmart Rewards at any gas station
1%
everywhere else
back in Walmart Rewards on all purchases made in-store or online at Walmart
1.25%
back in Walmart Rewards at any gas station
1%
everywhere else
1%
20.89% - 26.99%
Variable APR 20.89 for Quebec residents
22.97% - 27.99%
Cash Advance APR 21.97% for Quebec residents
$0
Annual Fee
2.50%
Foreign Transaction Fee
Variable APR
20.89% - 26.99%
Cash Advance APR
22.97% - 27.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
Pros
-
No annual fee
-
Exclusive offers for cardholders
-
Earn up to 1.25% Walmart Reward Dollars™ on everyday spending
-
Installment plan option when you spend $199.99 or more, in-store or at Walmart.ca - spread your payment over six installments
Cons
-
Rewards can only be redeemed at Walmart
-
Higher APR than other low-rate cards on the market
-
Installment plant option has a 4% fee and other terms & conditions apply.°
1.25%
back in Walmart Rewards on all purchases made in-store or online at Walmart
1%
back in Walmart Rewards at any gas station
1%
everywhere else
back in Walmart Rewards on all purchases made in-store or online at Walmart
1.25%
back in Walmart Rewards at any gas station
1%
everywhere else
1%
20.89% - 26.99%
Variable APR 20.89 for Quebec residents
22.97% - 27.99%
Cash Advance APR 21.97% for Quebec residents
$0
Annual Fee
2.50%
Foreign Transaction Fee
Variable APR
20.89% - 26.99%
Cash Advance APR
22.97% - 27.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
Pros
-
No annual fee
-
Exclusive offers for cardholders
-
Earn up to 1.25% Walmart Reward Dollars™ on everyday spending
-
Installment plan option when you spend $199.99 or more, in-store or at Walmart.ca - spread your payment over six installments
Cons
-
Rewards can only be redeemed at Walmart
-
Higher APR than other low-rate cards on the market
-
Installment plant option has a 4% fee and other terms & conditions apply.°
Walmart Rewards™ World Mastercard®
3.5
Good
about new welcome offers by email
3%
back in Walmart Rewards on all purchases from Walmart.ca
1.25%
back in Walmart Rewards on all purchases made in-store at Walmart
1.25%
back in Walmart Rewards at any gas station
1%
everywhere else
back in Walmart Rewards on all purchases from Walmart.ca
3%
back in Walmart Rewards on all purchases made in-store at Walmart
1.25%
back in Walmart Rewards at any gas station
1.25%
everywhere else
1%
20.89% - 26.99%
Variable APR 20.89% for Quebec residents
22.97% - 27.99%
Cash Advance APR 21.97% for Quebec residents
$0
Annual Fee None
2.50%
Foreign Transaction Fee
Variable APR
20.89% - 26.99%
Cash Advance APR
22.97% - 27.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$100,000
Pros
-
No annual fee
-
Perk: Extended warranty and purchase protection on eligible product purchases
-
Earn accelerated Walmart Reward Dollars™ on Apple products** at Walmart
-
$45 bonus offer†††
-
Best for: High-income frequent shoppers at Walmart or Walmart.ca seeking redeemable Walmart dollars
Cons
-
Rewards can only be redeemed at Walmart
-
Higher APR than other low-rate cards on the market
-
Installment plant option has a 4% fee and other terms & conditions apply.°
3%
back in Walmart Rewards on all purchases from Walmart.ca
1.25%
back in Walmart Rewards on all purchases made in-store at Walmart
1.25%
back in Walmart Rewards at any gas station
1%
everywhere else
back in Walmart Rewards on all purchases from Walmart.ca
3%
back in Walmart Rewards on all purchases made in-store at Walmart
1.25%
back in Walmart Rewards at any gas station
1.25%
everywhere else
1%
20.89% - 26.99%
Variable APR 20.89% for Quebec residents
22.97% - 27.99%
Cash Advance APR 21.97% for Quebec residents
$0
Annual Fee None
2.50%
Foreign Transaction Fee
Variable APR
20.89% - 26.99%
Cash Advance APR
22.97% - 27.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Good
Recommended Credit Score
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$100,000
Pros
-
No annual fee
-
Perk: Extended warranty and purchase protection on eligible product purchases
-
Earn accelerated Walmart Reward Dollars™ on Apple products** at Walmart
-
$45 bonus offer†††
-
Best for: High-income frequent shoppers at Walmart or Walmart.ca seeking redeemable Walmart dollars
Cons
-
Rewards can only be redeemed at Walmart
-
Higher APR than other low-rate cards on the market
-
Installment plant option has a 4% fee and other terms & conditions apply.°
There are no results matching your criteria.
Compare Canadian credit cards by category
Your friends may want a travel credit card, while you'd rather earn cash back. Not to worry, there are hundreds of credit cards to serve each unique purpose.
| Credit card category | Description |
|---|---|
| Best overall credit cards | A curated list of the best credit cards for each category, by type, by rewards and more. |
| Cash back credit cards | Feel the sting of every purchase? Switch to a cash back card. Every swipe earns you money back—simple savings, no strings attached. |
| Best travel credit cards | Love to travel but hate the costs? A travel credit card reduces expenses with free miles, upgrades, and lounge access—travel smarter. |
| No annual fee credit cards | Tired of fees eating your savings? Opt for a no annual fee card. Keep more of your money while enjoying essential credit benefits. |
| Balance transfer credit cards | Drowning in high-interest debt? A balance transfer card offers low or no interest, giving you the breathing room to pay down balances faster. |
| No foreign exchange fee credit cards | Upset by foreign transaction fees? With a no foreign exchange fee card, shop globally without the extra costs—save on every international purchase. |
| Low interest credit cards | Stressed by high interest rates? A low interest credit card eases the burden, offering significantly lower rates to help manage your finances better. |
| Student credit cards | Struggling with student budgeting? A student credit card helps build credit early and offers rewards tailored to student life—manage money smarter. |
| Grocery credit cards | Fed up with rising grocery bills? Earn cash back or points on every supermarket spend with a grocery-focused credit card. Save as you shop. |
| Gas credit cards | Feeling the pinch at the pump? A gas credit card rewards you with cash back or points on fuel—drive more, save more. |
| Restaurant credit cards | Dine out often? Make every meal rewarding with a restaurant credit card, offering cash back or points on your culinary adventures. |
| Travel insurance credit cards | Concerned about travel uncertainties? A card with comprehensive travel insurance brings peace of mind, covering delays, losses, and emergencies. |
| Lounge access credit cards | Airport waits dragging you down? Elevate your travel with a card offering complimentary airport lounge access. Relax or work in comfort before you fly. |
| Aeroplan credit cards | Flying frequently but not reaping the rewards? An Aeroplan credit card accumulates miles for every dollar spent, fast-tracking your next flight. |
| Air Miles credit cards | Want your purchases to take you places? An Air Miles credit card earns you miles for every spend, bringing your dream destinations closer. |
| Purchase protection and extended warranty credit cards | Worried about your purchases? Get a credit card that extends warranties and protects against damage or theft. Shop with confidence and security. |
| Store credit cards | Shop your favourite stores often? Store credit cards maximize rewards on everyday purchases, from groceries to gadgets, enhancing your shopping experience. |
| Rewards credit cards | Crave more from your spending? Perks and rewards cards offer exclusive benefits, from cash back to luxury travel perks—turn spending into earning. |
| Prepaid credit cards | Need control over your spending? A prepaid credit card lets you load funds in advance, ensuring you only spend what you plan—perfect for budgeting. |
| Secured credit cards | Building or repairing credit? A secured credit card requires a deposit that sets your limit, helping establish a positive credit history safely. |
| Newcomer credit cards | New to Canada and building credit? Opt for a newcomer credit card designed to help immigrants establish credit quickly without prior history. |
Compare credit card networks in Canada
In Canada, we have 3 major credit card networks: Amex, Mastercard, and Visa. Each network has its own requirements from income to credit score and offer a variety of perks to match your dreams and desires.
Compare credit cards by bank
For some, they like to keep their credit card with their bank of choice. However, know that you don't have to and sometimes you're limiting yourself. For those that want the freedom to choose, we help our lists help you find the credit card that suits you best.
| Bank (sorted alphabetically) |
|---|
| BMO credit cards |
| CIBC credit cards |
| KOHO credit cards |
| MBNA credit cards |
| PC credit cards |
| RBC credit cards |
| Scotiabank credit cards |
| TD credit cards |
How to choose a credit card
Choosing a credit card is a little like dating – it’s all about finding a perfect match.
The Canadian market is saturated with credit cards, each offering great deals and incentives for cardholders. Ultimately, you want to find “The One” that’s compatible with your lifestyle.
How can you be sure you’re choosing the right credit card? Before committing, here are our guidelines for finding the best credit card for you.
With a solid income (above $80,000 personal, $160,000 household) and high credit score (760+), you can apply and likely be approved for the most luxurious credit cards on offer (if you're ok with paying the higher annual fees).
But, some credit cards are there to help pay off debt (e.g. balance transfers), build credit (e.g. secured credit cards), or to get the most cash back from your purchases.
Here are 5 quick tips to help you choose a credit card
1. Check your credit score
Before you start comparing credit cards start by checking your credit score. Why? Because your number determines your eligibility to apply for certain credit cards. If you don’t meet the minimum credit score requirement, strike a prospective card from your list.
Generally speaking, credit scores in Canada vary from 300 to 900 and are calculated based on a range of factors. The higher your number, the more appealing your credit application. Here’s a quick overview of the credit scoring in Canada and how it could impact your credit card application:
- Excellent (741-900): The world is your oyster! Expect quick approval for your application, the lowest interest rates, high credit limits, and access to the best credit cards in Canada.
- Good (690-740): You’re still in the good books. You won’t have much trouble getting approved, and credit cards with low-interest rates, rewards, and excellent benefits are within reach.
- Fair/Average (660-689): You’ve got choices, but some premium credit cards offering rewards or other perks are likely off-limits until you improve your score. Look at the best credit cards for a fair credit score.
- Below Average (575-659): Your options are limited. You likely won’t be approved for credit cards with premium perks or lucrative rewards.
- Poor (0-574): If you fall into this category, most credit cards will be off-limits. Get back on track by applying for a secured or unsecured credit card for bad credit and paying your bill regularly and on-time.
Once you know your number, it will either shrink or widen the pool of credit cards that are available to you. If your score is poor or below average, consider it a wake-up call: apply for one of the best credit cards for bad credit in Canada and prioritize re-building your credit history.
2. Consider the amount of debt you're carrying
If you’re dealing with debt, a balance transfer credit card may be the best credit card for you. Because the introductory interest rate on balance transfers is so low, it buys you more time to pay down the principal and save a bundle on interest charges. A balance transfer credit card may be your best bet if:
- You’re carrying a balance on one or more credit cards;
- The interest rate on your current credit card is 18% or higher
- You’re not able to pay off your outstanding balance immediately
- You want to aggressively tackle your debt within the near future
There are plenty of excellent balance transfer credit cards in the Canadian market, but ideally, find one that offers both a low introductory interest rate (0% to 12.99%) and a long promotional period (9 months or more). It’s even better if the card has no annual fee and a low-interest rate after the promo expires just in case you’re still carrying a balance.
| Comparing Canadian credit card to a great balance transfer offer | Current card | MBNA True Line Mastercard (in promo period) |
|---|---|---|
| Outstanding balance | $5,000 | $5,000 |
| Interest rate | 19.99% | 0% for 12 months |
| Annual fee | $120 | $0 |
| Fixed payment to pay off card in 12 months | $463.15 | $416.67 |
| 1-year interest paid | $557.78 | $0 |
| Total cost to pay off balance (including annual fee) | $5,677.78 | $5,000 |
3. Examine your payment practices
Take a peek at your payment practices to help find a credit card that suits your budget. For instance, if you regularly pay your balance in full every month, a high-interest rate may be acceptable. But one of the best low-interest rate credit cards might be your best bet if:
- You tend to carry a balance
- You need flexibility on payments
- You plan on making a large purchase and want to spread your payments over several months
- You are motivated to pay off debt and minimize interest charges
If the above applies, seek a low-interest credit card offering a rock-bottom rate (below 18% APR) on new purchases, rather than the typical APR of 18% or higher. There are many options for a low-interest credit card: some cards offer ultra-low interest rates for a limited time (e.g. 6 months) but with no annual fee. Others might have an annual fee but boast a regular low-interest rate. There are even credit cards with variable interest rates tied to Canada’s prime rate. So how do you choose a low-interest credit card?
Comparison of the total cost of current credit card vs. low-interest rate card over 12 months
| Credit card comparisons - average card vs. low interest rate | Current card | MBNA True Line Gold Low interest card at 8.99% |
|---|---|---|
| Outstanding balance | $5,000 | $5,000 |
| Interest rate (% and $ monthly) | 19.99% | 8.99% |
| Annual fee | $0 | $39 |
| Average monthly payment (to clear balance in 12 months) | $463.15 | $437.23 |
| 1-year interest paid | $557.78 | $246.61 |
| Total cost to pay off balance (including annual fee) | $5,557.78 | $5,285.81 |
This table depicts how much a low-interest credit card can save you overall on interest. Although the “current card” doesn’t have an annual fee, the low-interest card saves you almost half the interest paid over the year, despite its annual fee (which is quite low considering.)
Use our credit card interest calculator below to better understand how a low-interest card can help you save. Put in the current balance you owe, the interest you’re paying on the balance and how you’d like to calculate your interest (by monthly payment or period of time). When you’ve finished, click “calculate” and see how much time or how much interest you’ll be paying (in cash).
4. Scrutinize your spending
Choosing the best Canadian credit card can be confusing, but studying your spending habits can help nail down what card will benefit you the most. Do you make frequent purchases at one particular retailer (like Costco, Loblaws, or Canadian Tire)? Is your credit card statement filled with flight, hotel, and other travel-related expenses? Or are the bucks going towards groceries and gas? There are credit cards that reward specific spending categories, so if you understand where your money is going, you could save (or even earn!) a bundle by putting the right card in your pocket.
Realistically, you probably won’t find one credit card that ranks #1 in every spending category, but you can cover all your bases by having more than one credit card in your wallet.
5. Consider the card’s value
If you’re struggling to choose between credit cards, take a step back and assess the card’s overall value. Here are some questions to ask:
What is the welcome bonus worth? Sign-up incentives – like bonus points, additional cash back, or a first-year annual fee waiver – certainly sweeten the pot. But it must be an incentive that you can actually use for it to have value. For instance, an Aeroplan credit card with bonus points is worthless if you’re not an Aeroplan member (or at least flying with Air Canada).
Is the annual fee justifiable? Rewards credit cards frequently charge an annual fee, typically ranging from $120 to as high as $699 (!). However, look for value: What’s the point-earning potential? Does the card include travel, new mobile device, or car rental insurance? Is there an annual fee rebate in the first year? These extras may cancel out the cost of an annual fee.
Are the perks worth it? Some premium cards come with high annual fees, but are the extra perks really worth the price? These little luxuries may include complimentary airline lounge access, enhanced hotel experiences, priority treatment on certain airlines, or access to exclusive entertainment events. These can add great value if you use them frequently, but if these perks don’t matter to you, you might want to consider getting a card with a lower annual fee.
So just make sure you do the math. Add up the actual cost of what a card is offering. For instance, what would travel medical insurance cost per year? What’s the running rate for mobile phone repairs? How much is an airline lounge membership? What’s a first-year annual fee waiver worth? Then, compare the value of the top credit cards you’re considering. The numbers don’t lie and can help you decide whether (and which) credit card is worth it.
How to compare credit cards by category
Look before you leap! Get to know popular credit card categories in Canada:
Low-interest credit cards
A low-interest credit card offers a very low standard interest rate on new purchases (typically between 8.49% and 12.99%). The rate is not promotional and doesn’t expire. If you tend to carry a balance or need to spread out your payments over several months, a low-interest credit card is a smart way to minimize the amount of interest you’ll pay.
0% APR credit cards
These cards take low interest to another level. The 0% APR typically is not a permanent feature. Like many other credit card bonus offers, this is given for an introductory period, which could be anywhere from 3 to 12 months.
No-fee cards
It’s sometimes worth paying an annual fee for a credit card if the combined value of the card’s rewards and features outweigh the annual fee level. But no-annual-fee cards are an excellent option for those looking to keep expenses down any way they can. Though there are many attractive free rewards or cashback credit cards out there, they have lower earning power and less attractive features than their premium counterparts, however, the minimum credit score and income requirements are often correspondingly lower as well.
Balance transfer credit cards
Balance transfer credit cards let you transfer (usually for a small fee) some or all of your high-interest debt to a new card and enjoy a temporarily low interest rate on the transferred amount – typically between 0% to 12.99% for a span of 6 to 12 months. How it works: simply move your existing balance from a higher interest credit card to the new credit card with a lower interest rate.
Although a balance transfer can potentially save you a massive amount in interest payments, it’s not always a financially shrewd step in every circumstance, and you should weigh a number of important considerations before determining if a balance transfer is the right move for you.
Lifestyle rewards credit cards
A rewards credit card allows you to earn incentives for eligible purchases charged onto the card. Some cards are tied to one loyalty program (e.g. AIR MILES, Aeroplan, PC Optimum Points, Scotia Rewards, etc.), while others offer cash back, flight rewards, merchandise discounts, statement credits, free hotel stays, or other benefits. Some are even designed to remunerate specific spending categories – like groceries, gas, dining out, or travel. The pay-off is plenty!
Travel credit cards
Popular among frequent fliers, travel credit cards offer points or miles that can be redeemed for travel-related rewards like free flights, upgrades and hotel stays. They often feature perks that would especially appeal to globetrotters, such as premium travel insurance packages, airport lounge access and discounts on rental cars. The amount of the rewards generated by the card (the ‘earn rate’) can be a flat rate based on your overall spending or can vary depending on specific spending categories. For more, check out our best travel rewards programs guide.
Cash back credit cards
A cash back credit card is a type of rewards credit card that offers cash incentives. How it works: whenever you make an eligible purchase on your credit card, you earn a percentage back on the total purchase price – usually between 0.5% to 4%. Redemption is straightforward: cash back rewards are usually credited to your credit card statement on an annual or monthly basis. But some may allow you to deposit your cash back into your bank account. The best cash back credit cards also have lucrative welcome bonuses, offering limited time “cash back top-ups” as high as 10% for new cardholders.
No foreign transaction fee credit cards
Most Canadian credit card companies charge a 2.5% to 3% foreign transaction fee to purchases made outside the country. But some credit cards waive or offset foreign transaction fees – otherwise known as “no foreign transaction fee credit cards.” If you travel or make purchases abroad, a no foreign transaction fee credit card could save you money.
Student credit cards
A wonderful way to establish a credit score, student credit cards are designed specifically for university/college students who have no credit history and no regular income. They tend to have a low credit limit, less (but still attractive) reward-earning potential, an easy application process and no annual fee.
Business credit cards
Business credit cards focus on the specific needs of cardholders who run a company. Rather than offering rewards for spending on things like groceries or ride-share programs, they typically feature perks and up the earn rate of categories business owners can really use, like travel expenses, group cell phone plans, office supplies and internet use. Many have nice extras like zero-liability employee cards, longer interest-free grace periods and generous insurance packages.
Credit cards for bad credit
There are secured or unsecured credit cards that can help establish, re-establish, or repair your credit histories and/or scores. It’s usually easy to get approved, as the credit score required is usually quite low (0 to 659). While lacking all the frills of a premium card, you’ll get the convenience and security of using a credit card. Unlike regular credit cards (a.k.a unsecured cards), secured credit cards require that cardholders provide a cash deposit—of an equal or greater amount than their credit limit—to guarantee repayment of their balance. They are an ideal way for people with a poor credit score or no credit history to repair a record of heavy debt and credit mismanagement. For more, read our best credit cards for fair credit guide.
Prepaid cards
Prepaid cards are best when you don’t want to risk going into debt. You preload the card with the amount you wish to spend. The drawback is that a prepaid card does not have any impact on your credit score.
Secured cards
Secured cards are often issued to people with poor credit histories or have no credit whatsoever. Secured credit cards are backed by a cash deposit from the cardholder. But just like the regular credit cards, you have a monthly minimum payment and once you pay, your viable credit goes up again.
How to compare credit card offers
Credit cards come in different colours, interest rates and limits. There is the “Elite,” “Infinite,” “Platinum,” or “Black.” So how to choose? Here’s how to decide what should be in your wallet and how to choose the best credit card in Canada for your financial needs.
Define your needs
First, you need to think about how you’ll use the card, and see where you stand. Do you need cash advances? Do you need to simply reduce the cost of your high-interest debt? Do the annual fees make up for the credit card's other key features?
Understand your credit card interest rates
For example, a secured credit card is pointless for someone with a high credit score, but it can be the perfect solution to build a good credit history.
Whenever you have a balance on your credit card, you will pay interest. For credit cards, you are charged the annual percentage rate (APR), which is the same as the interest rate when it comes to credit card debt. The lower the APR, the less interest you’ll pay on your balance.
APR typically ranges from 19.99% to 25.99%. The rate itself is dependent on market conditions, inflation, costs of long-term deposits, competition for funds, and Bank of Canada policy.
The APR rate won’t matter to you if you’re confident that you’ll pay off your balance in full every month. But if you expect to carry a balance regularly, it may be the number one thing you look at.
For example, if you have a $2,000 balance on a card with a 20% APR, you’d pay $400 in interest every year. On a card with a 16% APR, you’d pay $320.
Another note, you can find the APR range that credit cards can charge through the terms and conditions agreements on the carrier’s website, and you don’t need to apply for the card to see the terms.
You won’t know your individual APR until you complete a full application and get approved, as your credit rating plays a factor in the rate you qualify for.
Watch for fees
It isn’t only the APR that you have to worry about when getting a credit card. There are other fees that you need to be fully aware of.
There are many fees, including but not limited to:
Annual fee: Some cards come with a fee you pay every year for the pleasure of owning and using the card. The annual fee can be worth it, if benefits like cash-back, balance it out.
Late fee: Depending on the lender, you may be charged a late fee, or charges for not making at least the minimum payment on time. Others charge this as a percentage of the amount you owe or just as a flat fee.
Balance transfer fee: Some cards will charge you this if you move your balance from one card to the other.
Foreign transaction fee: While you can use most credit cards overseas, some will charge you this fee for any transactions across the border.
Cash advance fee: Taking a cash advance (withdrawing cash from your credit limit) can sometimes charge a much higher fee than a regular transaction.
What are the most popular cards?
The most popular credit cards will be different based on the category of the card, such as travel, cashback, low fees, etc. However, recent data from YouGov breaks down the most popular cards by payment network such as Visa and Mastercard. We’ve further split this data by age to help you make the best decision based on the popular fit for similar shoppers in your cohort.
In younger cohorts, like 18-24 and 25-35, it’s no surprise that Visa is the preferred card with 33% and 41% of the market share respectively, compared to Mastercard with 16% and 27% of the market for the same age groups. Oppositely, for older generations (55+), Mastercard owns more of the market with 37% over Visa with 33%. Overall across all ages, the two payment networks own similar shares of the market with Mastercard owning 33.44% and Visa owning 34.4%.
Dina Al-Shibeeb is an award-winning journalist with hyperlocal and international experience in various news formats. She began her reporting career covering the Arab Spring and its aftermath for a Dubai-based news station. She has since worked in Canadian media, covering municipal affairs in Vaughan, Ont., for Metroland Media. Her work has also appeared at the Toronto Star.
Lisa Jackson is a freelance personal finance and travel journalist, editor, and blogger who contributes to various online and print media outlets in Canada and abroad, including The Globe & Mail, Toronto Star, Islands Magazine, Fodors, BRIDES, Huffington Post Canada, CAA Magazine, The Food Network, West Jet Magazine, NUVO Magazine, and many others. When she's not writing from her home office, she's busy globe-trotting to new destinations in search of her next story.
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