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Best Credit Cards for Amazon Purchases

Best Canadian credit cards for Amazon purchases 2024

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Author: Sandra MacGregor

By Sandra MacGregor

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While Amazon’s position as one of Canada’s top online retailers is indisputable, what may not be as obvious is that the right credit card can get you the most bang for your buck. There are a number of great credit cards for online shopping that will help you save on every splurge, but if you’re a frequent Amazon shopper, there are some cards that are simply better than the rest. To help you supercharge your next spending spree, we’ve put together a roundup of some of our favourite credit cards for Amazon purchases.

The best credit cards for Amazon.ca purchases compared

Card Name Amazon Perk Get Started
American Express Cobalt® Card ◦ $155.88 ($12.99 monthly fee) annual fee
◦ Use Membership Rewards® points to shop on Amazon.ca
Apply Now
HSBC Cash Rewards Mastercard® ◦ $0 annual fee
â—¦ 1.5% cash back on all online purchases*
Apply Now
SimplyCash® Card from American Express ◦ No annual fee
â—¦ Base Rewards of 1.25% cash back on all purchases with no limit to the amount of cash back you can earn
Apply Now
TD First Class Travel® Visa Infinite* Card ◦ $139 annual fee
â—¦ Instantly redeem any number of points to pay for Amazon.ca purchases with Amazon Shop with Points. Conditions apply. See more details here.
Apply Now
American Express® Green Card ◦ $0 annual fee
◦ Redeem Membership Rewards® points for purchases on Amazon.ca
Apply Now
Amazon.ca Rewards Mastercard â—¦ No annual fee
â—¦ 5% in points back at Amazon.ca for 6 months; standard earn rate of 1.5% back (2.5% for Prime members) after that. Points go toward Amazon gift cards.
Apply Now

American Express Cobalt® Card

Apply now

5

15,000 pts

Fair

Earn up to 15,000 Membership Rewards points

Apply now

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

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$155.88

Foreign Transaction Fee

2.50%

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

The American Express Cobalt® Card has a generous welcome bonus and includes a special perk for those who shop at Amazon.ca. In your first year as a new Cobalt® Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets. Conditions apply. As part of the Membership Rewards® program, you can redeem your points instantly at checkout on Amazon.ca through the Shop with Points program.

The card also features an incredibly generous earn rate of 5 points for every $1 spent at eligible grocery stores, restaurants, bars, cafes, and on food delivery services in Canada. You’ll also earn 3 points per $1 spent on eligible streaming services and 2 points for every $1 you spend on travel and transit. You get 1 point for every $1 on all other purchases. The annual interest rate is 21.99% on purchases and 21.99% on cash advances.

Key Features

  • Welcome bonus: Earn up to 15,000 Membership Rewards® points in the first year (conditions apply)
  • Earn rate: 5 points for every $1 spent on eats and drinks in Canada, including groceries and food delivery, 3 points per $1 spent on eligible streaming subscriptions in Canada, 2 points for every $1 spent on eligible ride shares, transit & gas in Canada, 1 point for every $1 on all other purchases, and 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
  • Additional perks: Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and 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; exclusive entertainment offerings; transfer points to Aeroplan and Avios at a 1:1 ratio
  • Annual fee: $155.88 ($12.99 monthly fee)

SimplyCash® Card from American Express

Apply now

3.5

up to $100

Good

Earn up to $100 in Statement Credits in your first 10 months as a new cardmember

Apply now

Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually)

2%

Earn 1.25% cash back on all other eligible purchases—the only stuff that won’t get cash back are non-purchases, like cash advances, balance transfers, etc.

1.25%

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$0

Foreign Transaction Fee

2.50%

Recommended Credit Score

Good

Required Annual Personal Income

$0

Pros

  • No annual fee for primary or additional cardholders

  • Big welcome bonus

  • Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases

  • No limit to the amount of cash back you can earn at the base rate

Cons

  • Cash back is only applied as a statement credit once a year

  • Amex cards aren’t accepted by every merchant

The SimplyCash® Card from American Express has neither an Amazon-specific perk to drool over nor enhanced cash back earn rates for certain spending categories; but that’s precisely what makes it so appealing. The card earns 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases with no limits to the amount of total cash back you can earn. So although it technically earns less cash back on Amazon spending than, say, MBNA’s Amazon.ca Rewards Mastercard, it will probably earn more cash back for you on all your combined spending overall at the base rate, and will likely be a more lucrative card for the majority of people. Plus there’s no annual fee.

Key Features

  • Welcome offer: In your first 10 months as a new SimplyCash® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months. Conditions apply.
  • Cash back: Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases
  • Additional features: Bonus cash back for card referrals; travel accident insurance; Buyer’s Assurance and Purchase Protection
  • Annual fee: $0

HSBC Cash Rewards Mastercard®

Apply now

4

Fair

about new welcome offers by email

Apply now

Earn 1.5% cash back for every $1 spent on online purchases.

1.5%

Earn 1% cash back for every $1 spent on gas, grocery, and drug store purchases.

1%

Earn 0.5% cash back for every $1 on all other purchases.

0.5%

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Recommended Credit Score

Fair

Required Annual Personal Income

$0

Required Annual Household Income

$0

Pros

  • No annual fee

  • Generous welcome bonus

  • Special earn rate for online purchases

  • Mobile device insurance

Cons

  • Online purchase rate drops after spending $6,000 per year

  • Low base cash back rate

  • Charges foreign transaction fees

The HSBC Cash Rewards Mastercard® is unusual among Canadian credit cards, in that it specifically rewards cardholders for making online purchases via sites like Amazon.ca. Cardholders get 1.5% cash back on up to $6,000 of online spending each year*. Grocery, gas, and drug store spending earns 1% back*, and all other eligible purchases earn 0.5% back*.

You can get an extra 12.5% cash back on up to $1,000 in purchases made during your first 180 days with the card. Conditions apply. Quebecers are eligible for a different welcome offer in which they earn a flat $125 in cash back*, provided they simply keep the account open for 180 days. The HSBC Cash Rewards Mastercard® is also noteworthy because it comes with $1,000 worth of insurance if a mobile device you purchased with the card is lost, stolen, accidentally damaged, or has a mechanical failure. That’s a rare and high-value benefit for a card without an annual fee.

Key Features:

  • Annual fee: $0
  • Welcome offer: Earn an additional 12.5% cash back* on all purchases for the first 180 days (up to $1,000 in total purchases). Must apply by May 31, 2023. Conditions apply.
  • Regular cash back: 1.5% back on online purchases*; 1% back on gas, groceries, and drug store purchases*; 0.5% back on all other purchases*
  • Additional perks: Mobile device insurance; extended warranty insurance; purchase assurance

*Terms and conditions apply.

®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

TD First Class Travel® Visa Infinite* Card

Apply now

4

max 100K pts

Good

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

Apply now

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

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$139

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

The TD First Class Travel® Visa Infinite* also makes bargain hunting on Amazon a breeze because it participates in the Amazon.ca Shop with Points program as well. With this program, you can instantly redeem your TD Points on eligible purchases on Amazon.ca with Amazon Shop with Points. Conditions apply. See more details here. There’s a great welcome bonus.

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.

  • Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
  • Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
  • Earn a Birthday Bonus of up to 10,000 TD Rewards Points†.
  • Get an annual TD Travel Credit† of $100 when you book at Expedia® For TD.
  • Get an Annual Fee Rebate for the first year†.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening.

To receive the first Additional Cardholder first-year annual fee rebate, you must add your first Additional Cardholder by June 4, 2024.

Travel lovers will appreciate the wow-worthy earnings when you book travel through Expedia® For TD†: Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD† (4% return rate).

Additionally, earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants†, earn 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account†, and earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card†. The annual interest rate is 20.99% on purchases and 22.99% on cash advances.

Key features

  • Welcome bonus: Earn up to $800 in value†, including up to 100,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.
  • Earn rate: Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†; earn 6 TD Rewards Points† for every $1 you spend on Groceries and Restaurants†; earn 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account†; and earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card†
  • Additional perks: Good suite of insurance including Travel Medical Insurance†, rental car discounts†
  • Annual fee: $139 (annual fee rebated)†

This offer is not available for residents of Quebec. For Quebec residents, please click here.

†Terms and conditions apply.

American Express® Green Card

Apply now

4.5

10,000 pts

Good

Earn 10,000 Membership Rewards® points1*

Apply now

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

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$0

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.

This no-fee American Express® Green Card lets you redeem your Membership Rewards® points to make eligible purchases on Amazon.ca. As a new American Express® Green Cardmember, you can earn a welcome bonus of 10,000 Membership Rewards® points when you charge $1,000 in purchases to your card in the first three months of cardmembership. That’s $100 towards groceries or concert tickets. Conditions apply. The standard earn rate is a basic 1 Membership Rewards® point per $1 that you spend on all purchases. This card is ideal if you’re a student or you have a limited credit history (or none at all).

Key features

  • Welcome bonus: 10,000 Membership Rewards® points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership (conditions apply)
  • Earn rate: 1 Membership Rewards® point per $1 on all purchases
  • Additional perks: Transfer points to other popular travel rewards programs, like Aeroplan and Avios, at a 1:1 ratio
  • Annual fee: $0

Amazon.ca Rewards Mastercard

Apply now

2.5

$65 gift card

Fair

Get up to a $65 Amazon.ca Gift Card instantly upon approval

Apply now

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%

Purchase APR

19.99%

Cash Advance APR

22.99%

Annual Fee

$0

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

If you spend a lot of money shopping on Amazon, this Amazon-affiliated Mastercard will rev up your rewards like no other. The current welcome offer gets you 5% back at Amazon.ca, Whole Foods Market stores, grocery stores, and restaurants for your first six months (capped at $3,000 in spending, which is a $150 value). The standard earn rate is 1.5% points back (2.5% for Prime members) on eligible Amazon.ca and Whole Foods Market store purchases. For every 2,000 points you earn, a $20 Amazon.ca Gift Card will be added directly to your Amazon account. Cardholders get 1% back on all other purchases. The annual interest rate is 19.99% on purchases and 22.99% on cash advances.

Key features

  • Welcome bonus: 5% back at Amazon.ca, Whole Foods Market stores, grocery stores and restaurants for six months.
  • Earn rate: 5% points back (2.5% for Prime members) on eligible Amazon.ca and Whole Foods Market store purchases. Get 1% back on all other purchases.
  • Additional perks: Get 1% back (2.5% for Prime members) on eligible foreign currency transactions, purchase protection and extended warranty, discount on select rental cards.
  • Annual fee: $0

How do these credit cards help you save on Amazon.ca?

There are four ways you can use credit cards to save money on Amazon.ca, each of which is suited to a different lifestyle.

  1. 1.

    High Amazon.ca cash back rate. Some credit cards offer a high cash back rate specifically for Amazon.ca, or for online purchases in general. This type of card is a good fit if Amazon.ca/general online spending takes up a large chunk of your total expenses; it’s less suitable if your biggest expenses lie elsewhere.

  2. 2.

    High base cash back rate. Other credit cards offer a solid cash back rate on all purchases; this is ideal if you prefer a simple, one-size-fits-all solution rather than taking out multiple credit cards to be used at different merchants.

  3. 3.

    Shop with points. Some Amex and TD credit cards allow cardholders to redeem their rewards points directly on Amazon.ca via Shop with Points. This works well for those who might split the points they earn between an Amazon redemption and a redemption for, say, travel. Keep in mind that Amex Membership Rewards and TD Rewards have different values when redeemed via Shop with Points—each Amex point redeemed this way is worth $0.007; each TD point is worth a comparatively low $0.0033.

  4. 4.

    Amazon gift cards. Some credit cards allow you to redeem rewards points for Amazon gift cards, but the value you’ll get for each point may be low. Before redeeming points for an Amazon.ca gift card check to make sure you’re getting a decent deal by dividing the gift card’s dollar value by the number of points required to redeem. If the value per point is less than $0.005 consider saving your points for another, more valuable redemption path.

Final word

Shopping for your day to day needs on Amazon Canada is super convenient and hard to avoid at times when you immediately need something; it’s good to know there are ways to boost your buying power on Amazon.ca with credit card rewards. In a sea of credit card choices, a bit of research can help ensure you find the best Amazon shopping companion so you get the most out of the experience.

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

  • Does Amazon have a credit card in Canada?

    +

    In short, yes. When you apply for the Amazon.ca Rewards Mastercard in Canada, MBNA, a division of The Toronto-Dominion Bank, oversees the approval process. MBNA's underwriting criteria governs all applications for an Amazon.ca Rewards Mastercard.

  • Is the Amazon.ca credit card worth it?

    +

    Yes, it can be worthwhile, especially with no annual fee besides the Amazon Prime membership cost. You'll earn cash back on Amazon.ca purchases. However, if you're not a Prime member, other no-annual-fee cash-back options may offer better benefits.

  • Does Amazon in Canada take Visa?

    +

    At Amazon.ca in Canada, you can pay with various methods, including credit and debit cards. Visa is among the accepted payment options for your purchases.

  • Is it hard to get an Amazon Credit Card in Canada?

    +

    Getting an Amazon Credit Card in Canada isn't difficult. To apply for the MBNA Amazon.ca Rewards Mastercard, you simply need to be a Canadian resident who has reached the age of majority in your province or territory. Plus, there's no minimum income requirement for this card.

  • Does Amazon Canada accept prepaid Visa cards?

    +

    At Amazon.ca in Canada, you can utilize prepaid cards for most purchases, though there are some limitations. Prepaid Visa, MasterCard, and American Express cards cannot be combined with credit cards for a single order.

  • Is Amazon CA in Canadian Dollars or USD?

    +

    At Amazon CA, transactions default to your local currency when eligible for Amazon Currency Converter. If you prefer to pay in Canadian Dollars, you can select 'CAD' at Checkout. This ensures transactions are processed in Canadian Dollars, the website's default currency.

Sandra MacGregor Freelance Contributor

Sandra MacGregor has been writing about finance and travel for nearly a decade. Her work has appeared in a variety of publications like the New York Times, the UK Telegraph, the Washington Post, Forbes.com and the Toronto Star.

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