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Paying on plastic can be a convenient way to make purchases online, but if you’re wondering which credit card is best for online shopping, we’ve done the research to find the best store credit cards for online shopping in Canada. Depending on how you shop online, you should make sure your credit card protects you against any potentially fraudulent transactions, doesn’t charge extra fees for overseas purchases or cuts down on interest charges.
| Annual Fee | $119.88 |
|---|---|
| Purchase APR | 20.99% |
| Cash Advance Rate | 21.99% |
| Balance transfer APR | N/A |
| Welcome offer | In your first 10 months, earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases. This could add up to $400 in statement credits in the first 10 months. |
| Rewards | Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually), and 2% cash back on all other purchases. |
| Annual fee | $0 |
|---|---|
| Purchase APR | 19.95% |
| Balance transfer APR | 1.95% intro for the first 6 months (then 19.95% ) |
| Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
| Rewards | Earn 2% cash back in two Tangerine credit card categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else. |
| Annual Fee | $0 intro annual fee for the first year ($120 thereafter) |
|---|---|
| Purchase APR | 20.99% |
| Cash Advance Rate | 22.99% |
| Balance transfer APR | 22.99% |
| Welcome offer | Earn up to 40,000 bonus Scene+ points in your first year (that's up to $650 towards travel) and get the first year annual fee waived. Apply by October 31, 2023. To qualify for the 40,000 bonus Scene+ points offer, earn 20,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn a 20,000 Scene+ point bonus when you spend at least $7,500 in purchases in your first year. |
| Rewards | Earn 6 Scene+ points for every $1 you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more, 5 Scene+ points per $1 spent on eligible grocery, dining and entertainment purchases, 3 Scene+ points per $1 spent on eligible gas, transportation and select streaming services, and 1 Scene+ point per $1 spent on eligible purchases elsewhere. |
| Annual Fee | $0 intro annual fee for the first year ($25 thereafter) |
|---|---|
| Purchase APR | 11.9% |
| Cash Advance Rate | 11.9% |
| Balance transfer APR | 11.9% |
| Welcome offer | Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Terms apply. Apply by August 31, 2023. |
| 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. |
| Annual Fee | $0 |
|---|---|
| Purchase APR | 19.99% |
| Cash Advance Rate | 22.99% |
| Balance transfer APR | 22.99% |
| Welcome offer | Earn 5,000 Scene+ points when you spend $750 in the first 3 months. Apply by October 31, 2023. |
| Rewards | Earn 2 Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more. Plus, earn 2 Scene+ points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 Scene+ point per $1 spent on eligible purchases elsewhere. |
| Annual fee | $0 |
|---|---|
| Purchase APR | 20.97% |
| Balance transfer APR | 0.97% intro for the first 6 months (then 22.97% ) |
| Balance transfer fee | |
| Rewards | You’ll earn 25 points per $1 spent at Shoppers Drug Mart, 20 points per $1 spent on PC Travel, 30 points per litre when you fuel up at Esso and Mobil gas stations, and 10 points per $1 spent everywhere else. |
When you’re comparing credit cards for online shopping, make sure to consider these factors to help you get the most out of your card:
How to make large purchases using a credit card
Aside from being charged foreign transaction fees, another type of fee you can incur online when shopping with an overseas retailer are currency conversion fees. This fee is only charged should you choose to pay in your home currency. This essentially means the overseas retailer must convert your Canadian dollars into their local currency. Also known as a Dynamic Currency Conversion, or DCC, you can avoid these by paying in their local currency if possible.
The ease of online shopping can make it harder than ever to manage your credit card balance. Whether it’s one big purchase for yourself, a Black Friday shopping spree or a host of Christmas gifts for your family and friends, learning to manage your shopping credit card debt can be tough. It’s also important to take advantage of the features that come with your store credit card. Here are some tips to help you stay on top of your spending and keep well within your budget.
If you’re looking to pay off your shopping credit card debt and better manage your money, consider getting a balance transfer card.
These cards are designed to help you consolidate your existing debt by offering an introductory low or 0% APR — typically for 6 to 12 months — on balances you transfer to that new card. At the end of the introductory period, your card reverts to a higher ongoing interest rate that applies to any debt you haven’t yet paid off, so your goal should be to focus on paying down your debt during the intro period and refrain from making any new purchases.
If you don’t want to rack up credit card debt, but want a secure way to make purchases online, consider a prepaid card. You can load a prepaid card with funds and use them to make purchases.
Prepaid cards are also good for:
Learn more about prepaid cards
You have a variety of credit card options to choose for your online shopping spree, including rewards credit cards, 0% intro APR credit cards and store credit cards. Whichever card you choose, make sure you can pay off your balance on time to avoid accruing interest, but enjoy all the rewards and benefits that come with your spending.
If you still haven’t found the right card for you, compare your credit card options until you do.
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