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Top premium credit cards 2019

Earn rewards on your purchases and travel in style with the best* premium credit cards.

Premium credit cards typically have the highest value when used on travel and luxury related purchases, such as flights, hotel stays, dining and gas purchases. You can earn accelerated points with these types of cards and use their many perks, like annual travel credits, concierge services, complimentary lounge access and much more. While these cards can help you travel and dine in style, you’ll have to be prepared to pay a high annual fee.

Compare two luxury credit cards

American Express® AIR MILES® Platinum Credit Card

American Express® AIR MILES® Platinum Credit Card

  • Earn 1 Reward Mile for every $10 you spend at eligible sponsors, stores, drugstores and gas stations and 1 Reward Mile for every $15 you spend anywhere else.
  • Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
  • Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
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Scotiabank Platinum American Express Card

Scotiabank Platinum American Express Card

  • Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
  • Enjoy complimentary membership to global priority pass airport lounges.
  • Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within 2 months of membership. Valid for new accounts opened by June 30, 2019.
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Compare premium credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
Get up to $200 bonus travel credit every year.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within 2 months of membership. Valid for new accounts opened by June 30, 2019.
19.99%
22.99%
$399
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases. Enjoy complimentary membership to global priority pass airport lounges.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for dollar you spend with no limit to the number of points you can accumulate.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

When making our selection of the top premium credit cards, we looked at a variety of benefits a consumer might consider. Some of these could include the types of reward programs, cash back or points per dollar spent, travel or bonus statement credits, annual fee, welcome offer value, balance transfer fees and other luxurious perks found in a premium credit card. The cards below stood above and beyond the competition in one or several categories, earning a spot on our list.

Best ultimate luxury travel card: The Platinum Card® from American Express

With this luxury metal credit card, you’ll get access to some of the best travel experiences a credit card can offer. With concierge services, an annual $200 travel credit, airport lounge access and comprehensive travel insurance, this card is a powerful travel companion. Just watch out for the annual fee of $699.

Best for hotels: Marriott Bonvoy™ American Express® Card

Experience a variety of luxurious hotel chains around the world with your Marriott Bonvoy Amex card. With an annual fee of $120, this credit card can quickly pay itself off – but only if you frequent Marriott Bonvoy hotels and their partners. The signup bonus alone can reward you with a four night stay at a category 2 hotel.

Best for cash back: Scotia Momentum Visa Infinite Card

The Scotia Momentum Visa Infinite gives you 4% cash back on gas and groceries and a generous signup bonus of 10% cash back on all purchases for the first 3 months as a cardholder. This card has an annual fee of $99 – but it’s waived in the first year.

Best for rewards points: Scotiabank Gold American Express Card

The Scotiabank Gold American Express Card earns you accelerated Scotia Rewards points which can be redeemed for flights, merchandise, gift cards and more. This card has an annual fee of $99.

Best for balance transfers: American Express® AIR MILES® Reserve Credit Card

If you’re looking for a powerful travel credit card that allows you to do a balance transfer and earn Air Miles Reward Miles, the American Express AIR MILES Reserve Credit Card has some unbeatable perks. It comes with an annual fee of $299.

Best for dining and travel: American Express Cobalt™ Card

The American Express Cobalt Card earns you Membership Rewards points which can be redeemed for travel, merchandise, gift cards and statement credit. Get 5x the points when you spend at eligible grocery stores across Canada, as well as bonus points, a special introductory APR on purchases, and standard Amex perks like comprehensive insurance coverage, entertainment access and more.

How to compare top premium credit cards

To choose the best elite credit card, ask yourself:

  • Would you rather earn cash back, points or miles? Compare the value of cash back, points and miles to determine which will give you more bang for your buck. Also, consider what you will use more of. If you’re not a big traveller, avoid earning miles and instead consider cash back.
  • Do you want to earn accelerated points? Accelerated points usually come with more expensive credit cards and may limit you to specific spend categories. If you spend a lot on travel, gas or groceries, try to find a card that offers accelerated rewards in the categories you spend most in.
  • Do you want to do a balance transfer? Balance transfer offers vary greatly, from 0% offers to low interest rates, offers lasting for six months and offers lasting up to ten months. Consider how much debt you have and how much you’re looking to transfer.
  • Do you want the ultimate credit card? If you’re willing to pay for it, one of the top credit cards on the market is the Platinum Card from American Express. For an annual fee of $699, this card gives you the ultimate in luxury travel benefits.
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Bottom line

If you’ve got a very good credit score and you’re willing to pay a high annual fee, you can usually get the best premium cards. These types of cards typically come with an annual airline credit, accelerated points on travel purchases, complimentary airport lounge access, concierge services, shopping benefits and more.

However, if you believe there could be a better credit card for you, compare other travel credit cards or rewards cards until you find the perfect match for your spending habits and financial needs.

Frequently asked questions

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