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Best Credit Cards in Canada

From low interest offers to bonus points and $0 fees, compare the best credit cards in Canada side by side to find the right card for you.

Looking for the best credit card in Canada? With so many different credit cards and spending styles, there isn’t actually one “best” credit card that works for everyone. But you can find the right credit card for you by identifying the features you want, your spending habits and your financial history. Compare the different types of available credit cards with a range of features and find the right card for you.

American Express Cobalt Card

American Express Cobalt Card

19.99 % APR

Purchase interest rate

Eligibility criteria, terms and conditions, fees and charges apply

American Express Cobalt Card

Apply today and earn up to 30,000 Membership Rewards points in your first year.

  • Purchase interest rate: 19.99%
  • Cash advance rate: 21.99%
  • Annual fee: $120
  • Credit rating: 700
Apply now
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What is the best credit card for me?

To choose the right credit card, you need to look at how you plan to use the card, your current financial situation and your future goals. These details allow you to compare benefits and features based on your circumstances so that you can find a credit card that suits your needs.

For example, if you want a credit card that offers rewards and perks, you could look at travel rewards cards or gold and platinum options. Or, if you want a card to help you manage your expenses, you could compare low interest rate or 0% or low purchase or balance transfer cards. You can use this guide to discover the types of cards available, who they’re suited to and learn how to find the right credit card for you.

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0% or low interest balance transfer credit cards

  • What are they? Balance transfer credit cards let you pay off an existing debt from a credit card with low or 0% interest for a set period of time (usually up to 10 months). You might also be able to consolidate other debts with a balance transfer card, such as personal loans.
  • Who are these credit cards suited to? If you have existing credit card debt that’s accumulating high interest, a balance transfer can help you pay off that debt faster.

How can I find the best balance transfer credit card?

1. Compare balance transfer offers. Most balance transfer cards offer an introductory low or 0% interest rate, so you’ll need to look at how many months this rate applies and what interest rate is charged at the end of the introductory period.
2. Check for fees. As well as the annual fee, check to see if a one-off balance transfer fee will apply. A balance transfer fee is usually 1-3% of the amount you’re transferring.

Compare balance transfer credit cards

Name Product Balance Transfer Rate Balance Transfer Fee Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
1.95% for the first 6 months (then 19.95%)
3%
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO CashBack Mastercard
1.99% for the first 9 months (then 22.99%)
1%
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.
BMO Preferred Rate Mastercard
3.99% for the first 9 months (then 12.99%)
1%
12.99%
$20
Min. recommended credit score: 660
Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
0.99% for the first 6 months (then 12.99%)
N/A
12.99%
$29
Min. recommended credit score: 650
Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by July 1, 2021.
Tangerine Money-Back Credit Card
1.95% for the first 6 months (then 19.95%)
3%
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO Rewards Mastercard
1.99% for the first 9 months (then 22.99%)
1%
19.99%
$0
Min. recommended credit score: 725
Get a bonus of 10,000 BMO Rewards points when you spend $1,000 in the first 3 months. Apply by October 31, 2021 . Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
BMO AIR MILES Mastercard
1.99% for the first 9 months (then 22.99%)
1%
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
BMO AIR MILES Mastercard For Students
1.99% for the first 9 months (then 22.99%)
1%
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a 1.99% introductory interest rate on balance transfers for 9 months. A 1% fee applies to balance amounts transferred.
BMO CashBack Mastercard For Students
1.99% for the first 9 months (then 22.99%)
1%
19.99%
$0
Min. recommended credit score: 660
Get up to 5% cash back in the first three months (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers for 9 months (with a 1% transfer fee).
Scotia Momentum Visa Card
2.99% for the first 6 months (then 22.99%)
N/A
19.99%
$39
Min. recommended credit score: 650
Earn 7.5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, get a 2.99% introductory rate on balance transfers and a 0% balance transfer fee for the first 6 months. Apply by August 31, 2021.
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How balance transfer cards work and how best to use them

Frequent Flyer / Travel Rewards Credit Cards

  • What are they? Otherwise known as frequent flyer credit cards, travel rewards credit cards help you earn points or miles on everyday purchases, which can then be used for a variety of different rewards including travel and merchandise.
  • Who should consider travel rewards cards? Anyone who wants to maximize their points or miles to enjoy free flights, hotels and other benefits.

How can I find the best travel rewards credit card?

Here are the key points to keep in mind so you can find a frequent flyer credit card that works for you:

  1. Which program is available? Some credit cards are tied directly to a specific airline rewards scheme, such as WestJet. Others allow you to transfer credit card rewards points to partner programs, such as the American Express Membership Rewards program.
  2. Compare the earn rate. The earn rate is the number of points or miles you earn per $1 spent. Also, check whether there’s a cap on how many points or miles you can earn each month or each year.
  3. Other valuable features. What other features do you want from your card? Are there any bonus points on offer, complimentary insurance, airport lounge passes or an annual fee waiver?

Compare travel rewards credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
BMO IGA AIR MILES Mastercard
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
American Express AIR MILES Gold Business Card
150 Miles
1 Mile for every $15 - $20 spent
19.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
BMO AIR MILES Mastercard For Students
800 Miles
1 Mile per $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a 1.99% introductory interest rate on balance transfers for 9 months. A 1% fee applies to balance amounts transferred.
American Express AIR MILES Platinum Credit Card
2,000 Miles
Up to 1 Air Mile per $5 - $10 spent
20.99%
$120
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES within the first three months. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
Shell AIR MILES Mastercard from BMO
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
BMO AIR MILES World Elite Mastercard
2,000 Miles
1 Mile for every $12 spent
20.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 760
Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
BMO AIR MILES Mastercard
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
Shell AIR MILES World Mastercard from BMO
Up to 1.25x Air Miles
1 Mile for every $15 spent
19.99%
$99
Min. recommended credit score: 760
Get 1.25x Miles on card purchases at Shell locations in Canada.
BMO Sobeys AIR MILES Mastercard
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
BMO Air Miles Business Mastercard
3,000 Miles
1 Mile for every $10 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
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Learn more about Air Miles credit cards

No foreign transaction fee credit cards

  • What are they? These credit cards are designed to make it more affordable to spend money overseas or online with international retailers. Unlike most debit and credit cards, they don’t charge a foreign transaction fee every time you use your card to spend in an international currency.
  • Who are these credit cards suited to? If you’re a frequent traveller, have a vacation coming up or regularly use your credit card to shop online with international retailers, a no foreign transaction fee card could be a smart way to avoid extra costs – you’ll usually save yourself 2.5% on every transaction.

How can I find the best credit card with no foreign transaction fees?

Compare these key features:

  1. Annual fee. You may be saving on foreign currency conversion fees, but you’ll want to make sure the annual fee doesn’t offset these savings.
  2. Travel perks. If you’re looking to use your card overseas, see if you can get further savings with complimentary credit card travel insurance. Insurance coverage and eligibility requirements differ across cards, so compare your options to make sure the coverage is right for you. Other travel perks that could come with a no foreign transaction fee card include rewards programs and airport lounge access.
  3. Interest rates and fees. If you plan to use the card regularly, a card with a lower interest rate will reduce the cost of any balance you carry. Also check the rates and fees that may apply when you use your credit card at an overseas ATM.

Compare no foreign transaction fee credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
Brim World Mastercard
Up to $300 worth of bonuses
1.5 points for every $1 spent
19.99%
$99
Min. recommended credit score: 700
Earn up to $300 worth of bonus points when you shop with Brim retailers for the first time through the Brim mobile app. 
HSBC World Elite® Mastercard®
20,000 points
Up to 6 points per $1 spent
19.9%
$149
Min. recommended credit score: 650
Get a Welcome Bonus of 20,000 Points ($100 in travel rewards).
BMO U.S. Dollar Mastercard
N/A
N/A
19.99%
$35 USD
Min. recommended credit score: 725
When your purchases total US$1,000 or more in a year, the next year's annual fee (US$35) is rebated to your card.
Brim World Elite Mastercard
Brim World Elite Mastercard
Up to $500 worth of bonuses
2 points per $1 spent
19.99%
$0 annual fee for the first year ($199 thereafter)
Min. recommended credit score: 700
Collect up to $500 worth of bonus points when you shop with Brim retailers for the first time using your Brim World Elite Mastercard.
Scotiabank Gold American Express Card
40,000 points
Up to 5 points per $1 spent
19.99%
$120
Min. recommended credit score: 700
Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel) Apply by August 31, 2021.
Scotiabank Passport Visa Infinite Card
40,000 points
Up to 2 points per $1 spent
19.99%
$139
Min. recommended credit score: 750
Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel). Apply by July 1, 2021.
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Learn more about foreign transaction fees

Credit cards with rewards and complimentary extras

  • What are they? Rewards credit cards offer reward points based on the amount you spend. You can redeem your points for shopping, travel, gift vouchers and many other rewards.
  • Who are these cards suited to? Frequent credit card users who want to maximize points or miles for everyday spending without being tied to a single airline rewards scheme.

How can I find the best rewards credit card for me?

Think about the following factors to help you choose a rewards credit card that suits your budget and goals:

  1. What kind of rewards do you want to redeem? Reward programs differ greatly in the variety of rewards they offer, from flights to shopping, gift cards, merchandise and experiences. Make sure the rewards available are of interest to you.
  2. Compare point earnings and caps. Check how many points or miles your card offers per $1 spent. Many rewards credit cards also have points caps that only allow you to earn a specified amount of points during a statement period, so check for this limitation too.
  3. Other features of the card. Look for complimentary insurances or balance transfer offers, as well as the rates and fees charged.

Compare rewards credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Cobalt Card
30,000 points
Up to 5 points per $1 spent
19.99%
$120
Min. recommended credit score: 700
Earn up to 30,000 bonus Membership Rewards points in your first year as a new Cobalt Cardmember.
Choice Card from American Express
10,000 points
1 point per $1 spent
19.99%
$0
Min. recommended credit score: 700
Earn 10,000 Bonus Membership Rewards points within the first 3 months as a new Cardmember.
HSBC +Rewards™ Mastercard®
N/A
2x points per $1 spent
11.9%
$25
Min. recommended credit score: 630
Earn 2 Points for every $1 spent on eligible dining or entertainment purchases.
BMO Rewards Mastercard
10,000 points
Up to 2 points per $1 spent
19.99%
$0
Min. recommended credit score: 725
Get a bonus of 10,000 BMO Rewards points when you spend $1,000 in the first 3 months. Apply by October 31, 2021 . Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
BMO World Elite Mastercard
30,000 points
Up to 3 points per $1 spent
20.99%
$0 annual fee for the first year ($150 thereafter)
Min. recommended credit score: 760
Get up to 30,000 points and the $150 annual fee waived in the first year. Apply by October 31, 2021
Brim Mastercard
Up to $200 worth of bonuses
1 point per $1 spent
19.99%
$0
Min. recommended credit score: 700
Earn up to $200 worth of bonus points when you shop with Brim retailers for the first time through the Brim mobile app.
American Express Aeroplan Card
15,000 points
Up to 2x points per $1 spent
30% annual interest rate applies to balances not paid in full each month
$120
Min. recommended credit score: 700
Earn up to 15,000 Welcome Bonus Aeroplan points and a bonus Buddy Pass as a new cardmember.
BMO eclipse Visa Infinite
40,000 points
Up to 5 points per $1 spent
20.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 760
Get up to 40,000 points and the $120 annual fee waived in the first year.
American Express Business Edge Card
57,000 points
Up to 3 points per $1 spent
19.99%
$99
Min. recommended credit score: 700
Earn up to 57,000 Membership Rewards points in your first year.
American Express AIR MILES Platinum Credit Card
2,000 Miles
Up to 1 Air Mile per $5 - $10 spent
20.99%
$120
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES within the first three months. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
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Discover your rewards credit card options


Gold, platinum and black credit cards

  • What are they? Gold and Platinum credit cards provide access to premium features such as complimentary insurance and concierge services. Black cards are considered the highest tier of credit cards and are typically invitation-only in Canada, with the highest earners and biggest spenders in the country swiping them.
  • Who are these cards suited to? These cards are designed for high earners and big spenders who want extra features for paying with plastic.

How can I find the right gold or platinum credit card for me?

Here are the key questions to ask when you’re choosing a gold or platinum credit card:

  1. How much does the card cost? Because of their premium features, these cards typically have higher annual fees than other credit cards. Annual fees can sit around $450 or higher. To maximize the value you get from one of these cards, be sure you’ll regularly use the features it offers.
  2. What are the rates and limits? The purchase rate may not be as competitive on premium cards. But if you want a very high spending limit, this type of card could be suited to your needs.

Compare gold and platinum credit card offers

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Gold Rewards Card
25,000 points
Up to 2 points per $1 spent
30% annual interest rate applies to balances not paid in full each month
$150
Min. recommended credit score: 700
Earn a Welcome Bonus of 25,000 Membership Rewards points when you spend at least $1,500 on eligible purchases within the first three months.
American Express Business Gold Rewards Card
50,000 points
Up to 2 points per $1 spent
N/A
$250
Min. recommended credit score: 700
Earn a Welcome Bonus of 50,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months.
American Express AIR MILES Gold Business Card
150 Miles
1 Mile for every $15 - $20 spent
19.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
Scotiabank Gold American Express Card
40,000 points
Up to 5 points per $1 spent
19.99%
$120
Min. recommended credit score: 700
Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel) Apply by August 31, 2021.
ScotiaGold Passport Visa Card
5,000 points
1 point per $1 spent
19.99%
$110
Min. recommended credit score: 650
Receive 5,000 bonus Scotia Rewards points when you make your first eligible purchase. Eligible purchase must be posted to your account within 2 months of account opening. Apply by July 1, 2021.
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Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express AIR MILES Platinum Credit Card
2,000 Miles
Up to 1 Air Mile per $5 - $10 spent
20.99%
$120
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES within the first three months. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
The Platinum Card from American Express
50,000 points
Up to 3 points per $1 spent
N/A
$699
Min. recommended credit score: 700
Earn 50,000 Welcome Bonus points when you charge $3,000 to your card in the first 3 months.

Business Platinum Card from American Express
75,000 points
1.25 points per $1 spent
N/A
$499
Min. recommended credit score: 700
Earn a Welcome Bonus of 75,000 Membership Rewards points in your first three months of Cardmembership.
Scotiabank Platinum American Express Card
30,000 points
Up to 4 points per $1 spent
19.99%
$399
Min. recommended credit score: 750
Receive a bonus of 30,000 Scotia Rewards points upon first eligible purchase made within the first two months. Apply by July 1, 2021.
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How to qualify for a gold or platinum card


Cards with low or 0% purchase rates

  • What are they? These credit cards offer a lower ongoing, variable interest rate on purchases when compared to other cards.
  • Who are these credit cards suited to? If you plan on paying off purchases over time and want to keep your interest charges to a minimum, a low rate credit card could be a good option.

How can I find the best low rate credit card for me?

Compare the following major factors to help you find a low rate credit card that suits your needs:

  1. Compare interest rates. If you’re going to carry a balance from month to month, then the lower the purchase interest rate, the better. Compare the introductory and ongoing balance transfer rates, purchase rates and cash advance rates to make sure the deal is right for you.
  2. Fees. Check what other fees apply, including annual fees, balance transfer fees and joining/ongoing membership fees for rewards programs. These can significantly increase the cost of the card.

Compare low rate credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
BMO Preferred Rate Mastercard
Balance transfer offer
N/A
12.99%
$20
Min. recommended credit score: 660
Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
Balance transfer offer
N/A
12.99%
$29
Min. recommended credit score: 650
Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by July 1, 2021.
HSBC +Rewards™ Mastercard®
N/A
2x points per $1 spent
11.9%
$25
Min. recommended credit score: 630
Earn 2 Points for every $1 spent on eligible dining or entertainment purchases.
BMO Rewards Business Mastercard
35,000 points
Up to 3 points per $1 spent
14.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 650
Get 35,000 points and the $120 annual fee waived in the first year (a total value of $295 when you pay with points).
Business Platinum Card from American Express
75,000 points
1.25 points per $1 spent
N/A
$499
Min. recommended credit score: 700
Earn a Welcome Bonus of 75,000 Membership Rewards points in your first three months of Cardmembership.
American Express Business Gold Rewards Card
50,000 points
Up to 2 points per $1 spent
N/A
$250
Min. recommended credit score: 700
Earn a Welcome Bonus of 50,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months.
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How to make the most of low rate cards


Low and no annual fee credit cards

  • What are they? Low and no annual fee credit cards have low or no fees, often $0 to $39 annually. This gives you the convenience of a credit card without high costs.
  • Who are these credit cards suited to? If you regularly pay off your balance each month, a low fee card will be your cheapest option. This type of card is also practical if you rarely pay with plastic.

How can I find the right low or no annual fee credit card?

These key factors can help you find a low or no annual fee credit card that works for you:

  1. Compare fees and interest rates. The lower the fee, the better. Check whether the low fee applies throughout the life of the card or just for the first year. Also check the interest rate and ensure that interest charges won’t outweigh the low fee benefit.
  2. Combine with a balance transfer for more savings. If you have existing credit card debt, a balance transfer credit card can help you repay your debt with 0% or low interest. Remember you’ll still need to pay off the debt before the 0% or low interest period expires.

Compare no annual fee credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
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.
SimplyCash Card from American Express
1.25% cash back
Up to 2.5% cash back
19.99%
$0
Min. recommended credit score: 700
Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back).
Choice Card from American Express
10,000 points
1 point per $1 spent
19.99%
$0
Min. recommended credit score: 700
Earn 10,000 Bonus Membership Rewards points within the first 3 months as a new Cardmember.
Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO Rewards Mastercard
10,000 points
Up to 2 points per $1 spent
19.99%
$0
Min. recommended credit score: 725
Get a bonus of 10,000 BMO Rewards points when you spend $1,000 in the first 3 months. Apply by October 31, 2021 . Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
Home Trust Secured Visa
N/A
N/A
14.90% - 19.99%
$0
Min. recommended credit score: Any score
Choose from three card options: No Annual Fee ($0 annual fee, 19.99% purchase rate), Low Interest Rate ($59 annual fee, 14.90% purchase rate) or a Low Monthly Fee ($5 monthly fee, 14.90% purchase rate).
Brim Mastercard
Up to $200 worth of bonuses
1 point per $1 spent
19.99%
$0
Min. recommended credit score: 700
Earn up to $200 worth of bonus points when you shop with Brim retailers for the first time through the Brim mobile app.
Shell AIR MILES Mastercard from BMO
800 Miles
Up to 3x Air Miles for every $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Shell CashBack Mastercard from BMO
$50 in cash back + 1% cash back
Up to 1.5% cash back
19.99%
$0
Min. recommended credit score: 660
Get $50 in cash back bonuses once you charge your first eligible purchase to your card. Plus, earn 1% cash back for the first 6 months on all eligible purchases.
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Choosing low and no annual fee cards

Student credit cards

  • What are they? Low cost credit card options that are available to students who need a convenient line of credit.
  • Who are these cards suited to? Students who are looking for affordable credit card options, and who may not qualify for other cards. They’re a good way to build credit history and understand the responsibilities of debt.

Which student credit card is right for me?

While there isn’t one “best” student credit card for everyone, thinking about these factors will help you find one that works for your lifestyle and spending habits:

  1. Are you eligible? Even though they’re called “student credit cards”, some of these products still have minimum income, employment and residency criteria you must fulfill in order to be eligible. For example, most cards have a minimum income requirement of $12,000 or you will need a guarantor – such as a parent – to share the financial responsibilities of the card. You may also have to be under a certain age or prove that you’re in college or university.
  2. Compare key features. Check what interest rate will apply to your purchases and whether or not you’ll be charged an annual fee. Also consider low foreign transaction fees if you plan to use the card overseas during a study abroad year or a vacation.

Compare student credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
BMO AIR MILES Mastercard For Students
800 Miles
1 Mile per $25 spent
19.99%
$0
Min. recommended credit score: 660
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a 1.99% introductory interest rate on balance transfers for 9 months. A 1% fee applies to balance amounts transferred.
Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
Scotiabank SCENE Visa Card
2,500 points
Up to 5 points per $1 spent
19.99%
$0
Min. recommended credit score: 650
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 July 1, 2021.
BMO CashBack Mastercard For Students
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Get up to 5% cash back in the first three months (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers for 9 months (with a 1% transfer fee).
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How to choose the best student card

Business credit cards

  • What are they? Business credit cards give your business access to a convenient line of credit to help you manage fluctuations in your cash flow. Additional cards and spending caps also mean you can manage your employees’ spending.
  • Who are these cards suited to? There are business credit cards for individuals, small businesses and corporations that provide access to credit to help manage finances.

How can I find the best credit card for my business?

These simple steps will help you compare a range of business credit cards and choose one that works for your company’s needs:

  1. Consider the card features. You can opt for a card that earns rewards points or miles, offers complimentary insurances or helps you keep costs down with a low interest rate or annual fee. Some business credit cards also offer integration with accounting software and include additional cards for employees. These extras may cost a small fee but may end up saving you money and time in the long run.
  2. Assess the costs. If cash flow issues mean you won’t always be able to pay off the card immediately, then seek a card with a low purchase rate. If your key requirement is being able to track and centralize business spending, look at other features such as complimentary business tools.

Compare business credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Business Edge Card
57,000 points
Up to 3 points per $1 spent
19.99%
$99
Min. recommended credit score: 700
Earn up to 57,000 Membership Rewards points in your first year.
American Express Aeroplan Business Reserve Card
65,000 points
Up to 3 points per $1 spent
16.99%
$599
Min. recommended credit score: 700
Earn up to 65,000 Welcome Bonus Aeroplan points and a $100 Statement Credit as a new cardmember.
BMO Rewards Business Mastercard
35,000 points
Up to 3 points per $1 spent
14.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 650
Get 35,000 points and the $120 annual fee waived in the first year (a total value of $295 when you pay with points).
BMO Air Miles Business Mastercard
3,000 Miles
1 Mile for every $10 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
BMO Cashback Business Mastercard
10% cash back
Up to 1.75% cash back
19.99%
$0
Min. recommended credit score: 650
Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months.
BMO Air Miles No-Fee Business Mastercard
1,000 Miles
1 Mile per $20 spent
19.99%
$0
Min. recommended credit score: 650
Get 1,000 AIR MILES Bonus Miles (over $100 towards your purchases with AIR MILES Cash).
American Express AIR MILES for Business Card
2,000 Miles
1 Mile for every $10 - $15 spent
N/A
$180
Min. recommended credit score: 700
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months.
Business Platinum Card from American Express
75,000 points
1.25 points per $1 spent
N/A
$499
Min. recommended credit score: 700
Earn a Welcome Bonus of 75,000 Membership Rewards points in your first three months of Cardmembership.
Marriott Bonvoy Business American Express Card
60,000 points
Up to 5 points per $1 spent
19.99%
$150
Min. recommended credit score: 700
Earn 60,000 Welcome Bonus Marriott Bonvoy points after you charge $5,000 in your first 3 months. Plus, earn a $150 Statement Credit after spending $15,000 in your first year.
American Express Business Gold Rewards Card
50,000 points
Up to 2 points per $1 spent
N/A
$250
Min. recommended credit score: 700
Earn a Welcome Bonus of 50,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months.
American Express AIR MILES Gold Business Card
150 Miles
1 Mile for every $15 - $20 spent
19.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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Explore your business credit card options


Credit cards with contactless payments

  • What are they? Most credit cards now offer tap-and-go payments at checkout. A growing number of options also link with Apple Pay and Android Pay so you can make payments from a compatible mobile phone or device.
  • Who are these cards suited to? iPhone and Android users who want to cut their time at the checkout and increase the convenience of credit card payments.

Apple Payapple pay logo

Weigh up the following factors when choosing one of these cards:

  1. Provider. Apple Pay works with most of the big banks in Canada including RBC, BMO, TD, ScotiaBank, CIBC, Tangerine and others. If your preferred bank hasn’t launched Apple Pay yet, it might be wiser to wait for it to adopt the technology rather than applying for the card now.
  2. Eligible devices. Apple Pay is only available on Apple devices. It’s supported on newer model iPhones, iPads, the Apple Watch and Mac. If you’re on an older iPhone device which an older iOS variant, you’ll have to update if you want to access Apple Pay.

Android Pay

Android-pay-coming-to-Australia-img-8-may-2017

  1. Which mobile phones are compatible with Android Pay? Almost all Android smartphones with NFC (Near Field Communication) can take advantage of Android Pay. This includes the Samsung Galaxy S7, LG G5, Sony Xperia Z5, Nexus 6P or Samsung Galaxy S6, S7. If you’re still unsure check whether your current smartphone accepts Android Pay.
  2. Which banks support Android Pay? Of the big five banks, CIBC, BMO and ScotiaBank currently offer Android Pay (as of November 2018). It is compatible with other financial institutions in Canada including National Bank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services.

Contactless payment options on smartphones


What’s next?

Get more value from a credit card by comparing the latest offers and applying now. Or, learn more about credit cards in our guide here.

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