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Best credit cards

From rewards and fun perks, to low interest rates and no annual fees, compare the best credit cards in Canada to find the right card for you.

Looking for the best credit card in Canada? The reality is that the “best” will depend on your spending habits and your finances – including your credit score and income. But you can find the right credit card for your needs by identifying the features you want, your spending habits and your financial history. To help you find the best credit card, we’ve narrowed down a few of our top picks below.

Best credit cards

Best low interest rate:
HSBC +Rewards™ Mastercard®

HSBC +Rewards™ Mastercard® logo
Credit recommended (630-)
Apply now
on HSBC's secure site
630
Min. credit score
$25 ongoing
Annual fee
Up to 2x
Points
20,000
Points welcome offer
The HSBC +Rewards™ Mastercard® comes with a low annual fee of $25, a low interest rate of 11.9% and rewards for recreational spending. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases. You'll also get a nice sign up bonus. Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by October 3, 2021.
  • Low interest rate. The HSBC +Rewards™ Mastercard® comes with a standard low interest rate of 11.9%.
  • Earn rewards. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.
  • Signup Bonus. Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by October 3, 2021.
  • Extended warranty. Double the original manufacturer’s warranty for up to one additional year.
  • Complimentary insurance coverage. If you find a lower price within 60 days of your purchase the difference, of up to $500, will be refunded, up to a calendar-year maximum of $1,000 per account. You'll also get 90-day purchase assurance coverage in the event of loss, damage or theft. Conditions apply.
  • Balance transfer fee. You'll have to pay the standard 11.9% interest rate on balance transfers, but unlike other cards, the balance transfer fee is 0%.
  • Optional travel insurance coverage. By paying an additional $69 per year (including taxes), you'll get Emergency Travel Medical insurance as well as Trip Cancellation, Trip Interruption and Baggage Delay/Loss coverage.
  • Annual fee. The annual fee for this card is normally $25, but is $0 in the first year.
  • Additional cardholder. Any additional cards will cost $10.
Annual Fee $0 intro annual fee for the first year ($25 thereafter)
Purchase APR 11.9% fixed
Balance transfer APR 11.9% fixed
Welcome offer Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by October 3, 2021.
Rewards Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.

Best for entertainment:
Scotiabank SCENE Visa Card

Scotiabank SCENE Visa Card logo
Credit recommended (660-)
Apply now
on Scotiabank's secure site
660
Min. credit score
$0
Annual fee
Up to 5x
Points
2,500
Points welcome offer
If you've have no credit history and are looking for a rewards card with a $0 annual fee, the Scotiabank SCENE Visa Card is worth taking a look at – especially if you're a big movie buff. Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere. Redeem your SCENE points for movie tickets or take advantage of discounts at participating restaurants.
  • Annual fee. This card has a $0 annual fee.
  • Rewards points. Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere. Redeem points for free movies and discounts at participating restaurants.
  • Additional cardholders. Pay $0 to add another authorized user to your account, so you can rack up points faster.
  • Earn more. Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by November 21, 2021.
  • Rental cars. Get a discount of up to 25% off at participating Budget and AVIS car rental locations in both Canada and the US..
  • Extra insurance available. Optional insurance is available (for a fee) to help pay down your balance if you become critically ill, disabled or can't work due to job loss, strikes or lockouts. If you pass away or become diagnosed with a Covered Critical Illness, your card balance can be paid off up to $50,000.00. Terms apply.
  • Missed payment fee. You'll be charged a 24.99% rate on any missed payments.
  • Foreign conversion fee. Every time you charge a purchase to your card in a foreign currency, you'll incur a 2.5% fee.
Annual Fee $0
Purchase APR 19.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by November 21, 2021.
Rewards Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere.

Best for no annual fee:
Tangerine World Mastercard

Tangerine World Mastercard logo
Credit recommended (680-)
Apply now
on Tangerine's secure site
680
Min. credit score
$0
Annual fee
6 months
1.95% intro transfer APR
Up to 2%
Cash back
If you're looking for a $0 annual fee credit card with unlimited cash back rewards and a competitive balance transfer offer, then the Tangerine World Mastercard could be right for you. Earn unlimited 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and unlimited 0.5% cash back on everything else. Conditions apply.
  • Annual fee. This card has a $0 annual fee.
  • Additional cardholders. Add up to 5 additional cardholders for $0.
  • Earn rewards. Earn unlimited 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and unlimited 0.5% cash back on everything else. Conditions apply.
  • Earn even more. You can unlock cashback offers while travelling outside of Canada and get rebates which you can apply to your statement with Mastercard Travel Rewards by using your card at select merchants.
  • Balance transfer. Get a 1.95% interest rate on balance transfers for the first six months. To take advantage of this offer, you must complete the Balance Transfer request within 30 days of account approval and activate your card within 45 days of approval. A 1% balance transfer fee will be charged on each transferred amount (the fee is waived by Tangerine if you're a resident of Quebec).
  • Travel perks. You'll get complimentary membership to Mastercard® Airport Experiences Provided by LoungeKey, which comes with exclusive dining, retail and spa offers in over 400 airports around the world and access to over 1,000 lounges at $32 USD per visit. Plus, never be without internet since your card gives you access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi.
  • Rental car. Charge the full cost of a rental vehicle to your card, and get complimentary damage and theft protection for up to 31 consecutive days.
  • Apps and subscription access. As a cardholder, you'll have access to special benefits and offers from on-demand apps and subscription services.
  • Minimum income requirement. You need a minimum personal income of $60,000 or a combined household income of at least $100,000 to apply for this card.
  • Foreign transaction fee. You'll face a foreign transaction fee of 2.5% every time you use your card overseas or online with international retailers.
  • Limited travel benefits. Though this card offers some nice travel perks, it doesn't come with many of the travel benefits offered by more premium credit cards such as complimentary travel insurance, free flight and hotel upgrades and discounted car rentals.
Annual fee $0
Purchase APR 19.95% fixed
Balance transfer APR 1.95% intro for the first 6 months (then 19.95% fixed)
Balance transfer fee $5 or 3% of the transaction, whichever is greater
Rewards Earn unlimited 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and unlimited 0.5% cash back on everything else. Conditions apply.

Best for earning rewards:
Scotiabank Gold American Express Card

Scotiabank Gold American Express Card logo
Credit recommended (700-)
Apply now
on Scotiabank's secure site
700
Min. credit score
$120 ongoing
Annual fee
Up to 5x
Points
50,000
Points welcome offer
The Scotiabank Gold American Express Card is a powerful everyday credit card as well as a strong travel companion. Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere. Book and redeem any flight for any time through Scotia Rewards Travel Service, a full-service travel agency. Plus, take advantage of the Best Price Guarantee on airfare. Plus, enjoy peace of mind with a broad array of travel insurance options.
  • Bonus rewards. Earn up to 50,000 bonus Scotia Rewards points in your first year (that's up to $500 towards travel) and no annual fee in the first year, including supplementary cards. Plus, get a 0.00% introductory interest rate on balance transfers for the first 6 months. Apply by November 21, 2021.
  • Earn rewards. Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.
  • Currency conversion. This card comes with a 0% foreign transaction fee.
  • Travel coverage. Enjoy peace of mind with a broad array of travel insurance options including Emergency Medical, Travel Accident, Trip Cancellation and Interruption, Flight Delay, Delayed or Lost Baggage and Rental Car Collision Loss/Damage.
  • Travel perks. Book and redeem any flight for any time through Scotia Rewards Travel Service, a full-service travel agency. Plus, take advantage of the Best Price Guarantee on airfare.
  • Other perks. American Express rewards including early ticket access, discounts and invites to exclusive events.
  • Annual fee. This card has an annual fee of $120.
  • Minimum income requirement. You'll need to earn a minimum income of $12,000 a year to be eligible for this card.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 19.99% fixed
Balance transfer APR 0% intro for the first 6 months (then 22.99% fixed)
Welcome offer Earn up to 50,000 bonus Scotia Rewards points in your first year (that's up to $500 towards travel) and no annual fee in the first year, including supplementary cards. Plus, get a 0.00% introductory interest rate on balance transfers for the first 6 months. Apply by November 21, 2021.
Rewards Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.

Best travel credit card:
American Express Cobalt Card

American Express Cobalt Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$155.88
Annual fee
Up to 5x
Membership Rewards
50,000
Welcome offer
The American Express Cobalt Card offers a generous return on points for everyday purchases. You can collect points for every dollar you spend on dining out plus 2 points for gas and transit purchases, 2 points on travel and 1 point for everything else. This card also comes with up to a 50,000 points welcome bonus if you spend a certain amount of money each month. You'll also get a full suite of travel insurance and purchase protection when you sign up.
  • Earn rewards. Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery, 3x the points on eligible streaming subscriptions in Canada, 2x points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases, and earn 1 point for every $1 in Card purchases everywhere else.
  • Signup bonus. Earn up to 50,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). 30,000 points is enough for $300 in statement credits redeemed towards purchases charged to your card or $225 in Amex Prepaid Cards. Plus, earn a Welcome Bonus of 20,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership.
  • Earn more. Collect a higher return on rewards on everyday purchases like dining, gas and transit.
  • Protection. Enjoy peace of mind with complimentary protection against fraudulent charges to your card. Additionally, items charged to your card will be covered against theft and accidental physical damage, plus the original manufacturer's warranty will be extended by up to one additional year. Terms and conditions apply.
  • Travel coverage. Get up to $5,000,000 in emergency medical coverage plus coverage for travel accidents, lost or stolen baggage, car rental theft and damage, flight delays and hotel/motel burglary.
  • Car rental. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Annual fee. You'll have to pay $155.88 per year to maintain this card.
  • Currency conversion. You'll be charged a currency conversion rate of 2.5% when you spend overseas.
  • Missed payment penalty. Missed payments will be charged a penalty interest rate of 23.99% - 26.99% variable.
Annual Fee $155.88
Purchase APR 20.99% fixed
Balance transfer APR N/A
Welcome offer Earn up to 50,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). 30,000 points is enough for $300 in statement credits redeemed towards purchases charged to your card or $225 in Amex Prepaid Cards. Plus, earn a Welcome Bonus of 20,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership.
Rewards Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery, 3x the points on eligible streaming subscriptions in Canada, 2x points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases, and earn 1 point for every $1 in Card purchases everywhere else.

How to compare credit cards in Canada

To help you find the right card for you, there are a few factors to consider when you compare credit cards and your various options.

  • Your income. This is one of the biggest factors as credit card providers want to know you’re able to pay back your debt. Generally speaking, the higher your income (not necessarily from employment), the more likely you are to get approved.
  • Your credit score. Your credit score will play a big role in the type of credit cards available to you. The higher your credit score, the better the terms and rates that you’ll get. A score of 650 is often considered the “magic number” to get approved for a standard credit card.
  • Your age. You need to be at least 18 (or the age of majority in your province or territory) to apply for a credit card. If you’re young, you’re likely to have a limited credit history. You could consider student credit cards that will improve your credit score over time and qualify you for better deals.
  • Your personal interests. Some credit cards offer rewards that may compliment your lifestyle and interests. If you travel overseas, an Air Miles, Aeroplan or travel credit card might be a good choice. If you frequently buy gas at a specific gas station, you could take advantage of a credit card that offers discounts.
  • Your financial situation. It’s not ideal to get credit cards just to fill the gap between income and expenses. Debt from credit cards can spiral out of control if the outstanding balance is not paid back regularly. Credit cards should instead be used to help you achieve your financial goals. For example, if you need to make a big purchase that you want to pay off over time, low purchase interest credit cards could help you do this without having to pay extra in interest.

Compare credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
HSBC +Rewards™ Mastercard®
20,000 Points
2x points per $1 spent
11.9%
$0 annual fee for the first year ($25 thereafter)
Min. recommended credit score: 630
Get 20,000 Points (up to $100 in value), plus get a 1st year annual fee waiver. Apply by October 3, 2021.
Neo Financial Credit Card
N/A
Average 4% cash back
19.99% - 24.99%
$0
Min. recommended credit score: 600
Earn an average cash back of 4% at thousands of local and national Neo partners including most major gas and grocery stores, restaurants, gyms, coffee shops and more. Earn a guaranteed 1% cash back on all spend at non-partners.
Scotiabank SCENE Visa Card
2,500 points
Up to 5 points per $1 spent
19.99%
$0
Min. recommended credit score: 660
Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by November 21, 2021.
Scotiabank Value Visa Card
0.99% rate on balance transfers for 6 months
N/A
12.99%
$29
Min. recommended credit score: 660
Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by November 21, 2021.
Scotiabank Gold American Express Card
50,000 points
Up to 5 points per $1 spent
19.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 700
Earn up to 50,000 bonus Scotia Rewards points in your first year (that's up to $500 towards travel) and no annual fee in the first year, including supplementary cards. Plus, get a 0.00% introductory interest rate on balance transfers for the first 6 months (A 1% balance transfer fee applies). Apply by November 21, 2021.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Earn an extra 10% cash back (up to $100) when you spend $1,000 on everyday purchases within the first 2 months. Until October 4, 2021. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
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