Best Credit Cards in Canada for 2024
Compare the best Canadian credit cards by category to find your best credit card.
How do you separate the best credit cards from the rest? For the 2024 Money.ca best credit cards in Canada awards below, we used over 70 data points to analyze more than 120 Canadian credit cards to create our list across 11 categories with gold, silver and bronze awards for each. Read on for the winners and to find the best credit card for you and your lifestyle.
Best credit card in Canada overall: Gold winner
American Express Cobalt® Card
4.9
15,000 pts
Welcome offerFair
Suggested credit scoreEarn up to 15,000 Membership Rewards® points
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
Eligibility
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
5x
Earn 5 times the 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 the 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/month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$155.88
Foreign Transaction Fee
2.5%
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
Eligibility
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
5x
Earn 5 times the 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 the 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/month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$155.88
Foreign Transaction Fee
2.5%
Why we picked it as the best credit card in Canada
The Amex Cobalt is one of the best credit cards for travel rewards in Canada and consistently awarded best Amex in Canada. Compared to other mid-tier travel cards, this option offers better value and versatility. It also offers the following:
- Versatile Rewards: The Amex Cobalt® Card is a top choice in Canada, offering high earn rates on groceries, dining, streaming, and transit.
- Travel Benefits: Access travel partners like Aeroplan and British Airways, earning more rewards compared to similar cards.
- Flexible Redemptions: Redeem points for travel, statement credits, or merchandise, with a generous welcome bonus of 15,000 points.Insurance and Extras: Enjoy comprehensive travel insurance, purchase protection, and exclusive perks like Front of the Line® ticket access.
†Terms and conditions apply.
Overall best credit cards in Canada: Gold, Silver and Bronze compared
American Express Cobalt® Card
Earn up to 15,000 Membership Rewards® points
$155.88 Annual Fee
Fair Recommended Credit Score
$0 Required Annual Personal Income
CIBC Aventura® Gold Visa* Card
Join and get up to $1,300 in value†! And get a one-time annual fee rebate.
$139 Annual Fee
Good Recommended Credit Score
$15,000 Required Annual Personal Income
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*.
$120 Annual Fee
Excellent Recommended Credit Score
$80,000 Required Annual Personal Income
†Terms and conditions apply
The information for the CIBC Aventura® Gold Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer. This offer is not available for residents of Quebec. †Terms and conditions apply
Best credit card for travel: Gold winner
CIBC Aeroplan® Visa Infinite* Card
4.5
up to 40K pts
Welcome offerVery Good
Suggested credit scoreJoin and get up to $1,100 in value in your first year!†
Pros
-
Earn up to 40,000 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
Eligibility
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
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%
Balance Transfer Rate 21.99% for 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).
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
Pros
-
Earn up to 40,000 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
Eligibility
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
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%
Balance Transfer Rate 21.99% for 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).
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
Why we picked it as the best credit card for travel in Canada
Among all the best travel credit cards in Canada, we like the CIBC Aeroplan® Visa Infinite* Card for its exceptional welcome bonus, massive array of Air Canada travel perks and airport lounge access passes. Here's why it's our best credit card for travel.
- Great for Air Canada Flyers: Maximize points on Air Canada purchases and frequent travel categories.
- Generous Welcome Bonus: Get up to 30,000 Aeroplan points in your first year.
- Travel Insurance: Extensive coverage for flight delays, baggage, medical emergencies, trip cancellations, auto rentals, and more.
The information for the CIBC Aeroplan® Visa Infinite* has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
†Terms and Conditions Apply
Best credit cards for travel: Gold, Silver and Bronze compared
CIBC Aeroplan® Visa Infinite* Card
Join and get up to $1,100 in value in your first year!†
$139 Annual Fee
Very Good Recommended Credit Score
$60,000 Required Annual Personal Income
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
$399 Annual Fee
Good Recommended Credit Score
$12,000 Required Annual Personal Income
CIBC Aventura® Gold Visa* Card
Join and get up to $1,300 in value†! And get a one-time annual fee rebate.
$139 Annual Fee
Good Recommended Credit Score
$15,000 Required Annual Personal Income
Read more: Best travel credit cards
Best credit card for cash back: Gold winner
CIBC Dividend® Visa Infinite* Card
4.1
10% back†
Welcome offerGood
Suggested credit scoreGet a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $3,000†.
Pros
-
First-year annual fee rebate
-
10% cash back welcome bonus up to $3,000 spend
-
4% cash back on gas, electric vehicle charging and grocery stores
-
2% cash back on transportation, dining and recurring payments
-
High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
Cons
-
High income requirement
-
Sparse travel insurance offering
Eligibility
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†
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
cash back on eligible gas, EV charging, and grocery purchases.†
4%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
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
Pros
-
First-year annual fee rebate
-
10% cash back welcome bonus up to $3,000 spend
-
4% cash back on gas, electric vehicle charging and grocery stores
-
2% cash back on transportation, dining and recurring payments
-
High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
Cons
-
High income requirement
-
Sparse travel insurance offering
Eligibility
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†
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
cash back on eligible gas, EV charging, and grocery purchases.†
4%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
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
Why we picked it as the best credit card in Canada for cash back
If we could build the ideal premium cash back rewards card, it would pretty much look like this. As far as rewards credit cards go, the CIBC Dividend® Visa Infinite* Card makes earning and redeeming cash back almost effortless. Here's why it's our best cash back credit card:
- High cash back rates on select categories: Earn 4% cash back on eligible gas, EV charging, and grocery purchases†.
- Cash back on everyday spend: Earn 2% cash back on eligible transportation, dining purchases and recurring payments†.
- Comprehensive Insurance: Includes travel and purchase protection, out-of-province medical insurance, and auto rental collision/loss damage coverage.
†Terms and Conditions Apply. This offer is not available for the residents of Quebec.
The information for the CIBC Dividend® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Best credit cards for cash back: Gold, Silver and Bronze compared
CIBC Dividend® Visa Infinite* Card
Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $3,000†.
$120 Annual Fee
Good Recommended Credit Score
$60,000 Required Annual Personal Income
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*.
$120 Annual Fee
Excellent Recommended Credit Score
$80,000 Required Annual Personal Income
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.
$120 Annual Fee
Excellent Recommended Credit Score
$60,000 Required Annual Personal Income
Read more: Best cash back credit cards
Best credit card for students: Gold winner
RBC ION+ Visa
3.2
12,000 pts
Welcome offerGood
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Decent rewards rate in everyday spending categories.
-
Low monthly fee, (rebated for students with the RBC AdvantageTM Banking Account for students).
-
Perks like mobile device insurance and fuel savings at Petro-Canada.
Cons
-
Complex rewards structure with less valuable Avion points in the ION tier.
-
Limited insurance benefits (but you can pay to add-on travel insurance).
Eligibility
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
22.99%
Cash Advance APR 21.99% for residents of Quebec
$48
Annual Fee $4 per month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$48
Foreign Transaction Fee
2.5%
Pros
-
Decent rewards rate in everyday spending categories.
-
Low monthly fee, (rebated for students with the RBC AdvantageTM Banking Account for students).
-
Perks like mobile device insurance and fuel savings at Petro-Canada.
Cons
-
Complex rewards structure with less valuable Avion points in the ION tier.
-
Limited insurance benefits (but you can pay to add-on travel insurance).
Eligibility
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
22.99%
Cash Advance APR 21.99% for residents of Quebec
$48
Annual Fee $4 per month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$48
Foreign Transaction Fee
2.5%
Why we picked it as the best credit card for students in Canada
The RBC ION+ Visa understands what students need.. Here's why it's our best student card.
- Generous welcome offer: Get 12,000 Avion points upon approval^—that’s $80 of value in gift cards! Apply by November 4, 2024
- High earn rate on what matters: Earn 3 Avion Ion points† per $1 on qualifying grocery, dining, food delivery, gas, rideshare, public transit, EV charging, streaming, digital gaming and online subscriptions
Best credit cards for students: Gold, Silver and Bronze compared
RBC ION+ Visa
Get 12,000 Avion points upon approval* - that’s $80 of value in gift cards+! Apply by November 4, 2024.
$48 Annual Fee
Good Recommended Credit Score
BMO CashBack® Mastercard®* for students
Get 5% cash back in your first 3 months.*
$0 Annual Fee
Good Recommended Credit Score
$0 Required Annual Personal Income
Tangerine Money-Back Credit Card
Get 10% cash back on up to $1,000 in everyday purchases made within 2 months. Pay only 1.95% balance transfer interest for the first 6 months.
$0 Annual Fee
Good Recommended Credit Score
$12,000 Required Annual Personal Income
Read more: Best Student credit cards
Best credit card for balance transfers: Gold winner
MBNA True Line Mastercard
3.0
0% intro rate
Welcome offerGood
Suggested credit scoreGet a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening, with a 3% transfer fee.
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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.
100%
This card is made from 100% recycled plastic
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%
This card is made from 100% recycled plastic
100%
12.99%
Purchase APR
17.99%
Balance Transfer Rate You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
24.99%
Cash Advance APR
$0
Annual Fee $0
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
12.99%
Balance Transfer Rate
17.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
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
Eligibility
Good
Recommended Credit Score
Recommended Credit Score
Good
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.
100%
This card is made from 100% recycled plastic
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%
This card is made from 100% recycled plastic
100%
12.99%
Purchase APR
17.99%
Balance Transfer Rate You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
24.99%
Cash Advance APR
$0
Annual Fee $0
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
12.99%
Balance Transfer Rate
17.99%
Cash Advance APR
24.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Why we picked it as the best credit card for balance transfers
You just can't beat a 0% balance transfer offer (even with a 3% fee) because it gives you a whole year, 365 days to pay down that balance. And, there's no annual fee, so it's a credit card that really helps you pay down debt without costing you a big up front payment.
- Balance transfer rate: You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
- Fee: 3% of the balance transferred
Best credit cards for balance transfers: Gold, Silver and Bronze compared
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, with a 3% transfer fee.
$0 Annual Fee
Good Recommended Credit Score
Scotiabank Value® Visa* Card
0% introductory interest rate on balance transfers for the first 10 months (13.99% after that; annual fee $29). Plus no annual fee in the first year
$29 Annual Fee
Fair Recommended Credit Score
$12,000 Required Annual Personal Income
CIBC Select Visa* Card
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†
$29 Annual Fee
Good Recommended Credit Score
Read more: Best balance transfer credit cards
Best credit card for rewards: Gold winner
TD® Aeroplan® Visa Infinite Privilege* Card
4.0
up to 80K pts
Welcome offerExcellent
Suggested credit scoreEarn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025.
Expires
Jan 6, 2025
Pros
-
Welcome bonus up to 80,000 Aeroplan® points† (up to $2,900 in value†) (enough for a round trip to Honolulu†)
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like 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)
-
Up to $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
Eligibility
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
2 points†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
1.5 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.25 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
6
Get 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%
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
$100
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
1st
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
10%
Get 10% savings at Avis and Budget in North America, 5% off internationally†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
2 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.5 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
1.25 points†
Get 6 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
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
50%
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
$100
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
1st
Get 10% 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 Additional Cardholder† $199
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.5%
Pros
-
Welcome bonus up to 80,000 Aeroplan® points† (up to $2,900 in value†) (enough for a round trip to Honolulu†)
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like 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)
-
Up to $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
Eligibility
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
2 points†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
1.5 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.25 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
6
Get 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%
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
$100
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
1st
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
10%
Get 10% savings at Avis and Budget in North America, 5% off internationally†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
2 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.5 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
1.25 points†
Get 6 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
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
50%
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
$100
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
1st
Get 10% 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 Additional Cardholder† $199
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.5%
Why we picked it as the best Canadian credit card for rewards
There are many rewards cards, but the TD® Aeroplan® Visa Infinite Privilege* takes the gold for its perfect balance of a sizeable welcome bonus and lucrative Aeroplan-centric perks. Here are more reasons why it's our best rewards card.
- Generous welcome bonus: Earn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025.
- High earn rates: Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®)
- Luxurious travel benefits: Enroll for NEXUS and once every 48 months get an application fee rebate†, enjoy complimentary Maple Leaf Lounge access, , priority boarding and baggage handling, free checked bags, and a $100 CAD NEXUS credit.
- Extensive insurance coverage: Includes travel medical coverage up to $500,000, trip cancellation and interruption insurance, flight and baggage delay insurance, rental car insurance, and extended warranty and purchase protection.
Best credit cards for rewards: Gold, Silver and Bronze compared
TD® Aeroplan® Visa Infinite Privilege* Card
Earn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025.
$599 Annual Fee
Excellent Recommended Credit Score
$150,000 Required Annual Personal Income
Scotiabank Gold American Express®
Earn up to $950* in value in the first 12 months, including up to 45,000 bonus Scene+ points¹
$120 Annual Fee
Very Good Recommended Credit Score
American Express Cobalt® Card
Earn up to 15,000 Membership Rewards® points
$155.88 Annual Fee
Fair Recommended Credit Score
$0 Required Annual Personal Income
Read more: Best rewards credit cards
Best credit card with no annual fee: Gold winner
BMO CashBack® MasterCard®
3.4
5% cash back
Welcome offerGood
Suggested credit scoreGet 5% cash back in your first 3 months*
Expires
Nov 30, 2024
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
Eligibility
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
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
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
Eligibility
Good
Recommended Credit Score
$15,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$15,000
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
Why we picked it as the best credit card in Canada with no fees
What's better than a credit card with no-annual fee? One that rewards you with an impressive up to 3% (up to a monthly max of $500) cash back on groceries. Here are a few more reasons.
- Generous cash back rates: 3% (up to a monthly max of $500) cash back on groceries
- Welcome offer: Get up to 5% cash back in your first 3 months‡‡ and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.§§
- Balance transfer offer: Get 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.§§
*Terms and conditions apply.
Best credit cards with no annual fee: Gold, Silver and Bronze compared
BMO CashBack® MasterCard®
Get 5% cash back in your first 3 months*
$0 Annual Fee
Good Recommended Credit Score
$15,000 Required Annual Personal Income
MBNA Smart Cash Platinum Plus Mastercard
