Best Credit Cards*

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

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Best Credit Cards

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.

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Name Product Reward Purchase Interest Rate Balance Transfer Rate Annual Fee Minimum Income Credit Rating
Save on interest by consolidating your higher-rate balances and get a low 12.99% purchase interest rate.
12.99%
0.99% for the first 6 months (then 12.99%)
$29
$12,000
650+ recommended credit score
Offers a 0.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends March 1, 2020.
Get 2% cashback after the Welcome Rate on all purchases. No cap and no limit.
19.99%
1.99% for the first 6 months (then 22.99%)
$99
N/A
Good, Excellent
Receive 5% cash back (up to $300 cash back) and a 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
1.25% cash back rate on all purchases when your welcome offer ends. No cap.
19.99%
1.99% for the first 6 months (then 22.99%)
$0
N/A
Good, Excellent
Earn 2.5% cash back (up to $150 cash back) in the first three months. Offers 1.99% balance transfer rate in the first 6 months and no balance transfer fee upon application.
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends January 31, 2020.
19.95%
1.95% for the first 6 months (then 19.95%)
$0
$12,000
650+ recommended credit score
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
Low interest rates of 12.99% on purchases and cash advances.
12.99%
3.99% for the first 9 months (then 12.99%)
$20
$15,000
Good
Offers a 3.99% balance transfer intro rate for nine months to new cardmembers.
Save with a low interest rate and no annual fee
16.99%
3.99% for the first 6 months (then 16.99%)
$0
$12,000
650+ recommended credit score
Offers a 3.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends March 1, 2020.
Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
19.99%
1.99% for the first 6 months (then 22.99%)
$299
N/A
Good, Excellent
Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
Earn 1% cash back on all other purchases. No caps, no limit.
19.99%
1.99% for the first 9 months (then 22.99%)
$0
$15,000
Good
Enjoy cash back on your every dollar spent and build a healthy credit history. Get up to 5% cash back with minimum spend of $2,000 in the first three months of card membership. Ends March 31, 2020.
2% cash back on eligible gas stations, grocery and drug store purchases including recurring payments. T&C's apply.
19.99%
2.99% for the first 6 months (then 22.99%)
$39
$12,000
650+ recommended credit score
Offers a 2.99% introductory balance transfer rate for the first 6 months. Ends March 1, 2020.
Earn 1% cash back on all other purchases. No caps, no limit.
19.99%
1.99% for the first 9 months (then 22.99%)
$0
$15,000
Good
Offers a 1.99% balance transfer intro rate for nine months to new cardmembers. Get 5% cash back in the first three months of card membership up to a maximum of $2,000 ($100 cash back) in eligible card purchases (Ends March 31, 2020).

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners.
19.99%
22.99%
$0
$15,000
Earn up to 800 AIR MILES bonus miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Earn 1 mile per $10 spend in purchases.
19.99%
22.99%
$120
$80,000
Get up to 3,000 AIR MILES Bonus Miles with minimum spend of $3,000 in the first three months, plus a first year annual fee waiver. Ends January 15, 2020.
Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
19.99%
22.99%
$299
N/A
Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
Earn 1.25 AIR MILES reward miles at Shell stations in Canada.
19.99%
22.99%
$99
$60,000
Earn 1.25x Miles on card purchases at participating Shell stations in Canada.
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and IGA stores and 1 mile per $20 spent for all other purchases.
19.99%
22.99%
$0
$15,000
Get up to 800 bonus AIR MILES reward miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and 1 mile per $20 spent for all other purchases.
19.99%
22.99%
$0
$15,000
Get up to 800 bonus AIR MILES reward miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 2x AIR MILES reward miles per $20 spent at Sobeys stores and 1 miles for all other purchases.
19.99%
22.99%
$0
$15,000
Get up to 800 bonus AIR MILES reward miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
N/A
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 2 Scotia Rewards points per $1 spent on eligible grocery stores, dining, entertainment purchases, and daily transit. Earn 1 Scotia Rewards points per $1 spent on all other eligible purchases.
19.99%
22.99%
$139
$60,000
$5,000
Earn up to 25,000 bonus Scotia Rewards points in your first year of card membership. Plus, earn an extra 10,000 points with a min. annual spend of $40,000 on your card.
Earn 5 Scotia Rewards points per $1 spent on groceries, dining and entertainment, 3 points on gas, transportation and streaming services, and 1 point on every other purchase.
19.99%
22.99%
$120
$12,000
$5,000
Get up to 30,000 bonus Scotia Rewards points in your first year of card membership (up to $300 in rewards). Ends 30 December 2019.

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 5 Scotia Rewards points per $1 spent on groceries, dining and entertainment, 3 points on gas, transportation and streaming services, and 1 point on every other purchase.
19.99%
22.99%
$120
$12,000
$5,000
Get up to 30,000 bonus Scotia Rewards points in your first year of card membership (up to $300 in rewards). Ends 30 December 2019.
Earn 2 Scotia Rewards points per $1 spent on eligible grocery stores, dining, entertainment purchases, and daily transit. Earn 1 Scotia Rewards points per $1 spent on all other eligible purchases.
19.99%
22.99%
$139
$60,000
$5,000
Earn up to 25,000 bonus Scotia Rewards points in your first year of card membership. Plus, earn an extra 10,000 points with a min. annual spend of $40,000 on your card.
Earn 5x points on eligible eats and drinks, including groceries and food delivery, 2x points on transit, gas, travel purchases, and 1 point on all other spend.
19.99%
22.99%
$120
N/A
Earn 2,500 points with minimum spend of $500 for each billing period. Up to 30,000 bonus points in your first year.
Earn 1 mile per $10 spend in purchases.
19.99%
22.99%
$120
$80,000
Get up to 3,000 AIR MILES Bonus Miles with minimum spend of $3,000 in the first three months, plus a first year annual fee waiver. Ends January 15, 2020.
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
N/A
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
N/A
N/A
$60
N/A
New cardmembers receive 5,000 Bonus Aeroplan Miles when spending $500 in the first three months of membership.
Earn 3 BMO Rewards points per $1 spent on dining, travel and entertainment purchases.
19.99%
22.99%
$150
$80,000
Offers 35,000 BMO Rewards bonus points with a minimum spend of $3,000 in the first three months of card membership. Ends January 15, 2020.
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.
19.99%
22.99%
$0
$12,000
$1,000
Get 5,000 bonus Scotia Rewards points upon min. spend of $500 on eligible purchases within the first 3 months. Ends March 1, 2020.
Get 1.5 miles for every $1 spent on eligible grocery, gas, drugstore and Air Canada purchases and 1.25 miles for every $1 spent elsewhere.
19.99%
22.99%
$399
N/A
$10,000
Get up to 60,000 Aeroplan Miles (equivalent to 2 business class short-haul roundtrip flight rewards) Conditions apply. Ends 1 December 2019.

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
N/A
N/A
$120
N/A
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
Earn 2 Membership Rewards points for every $1 spent on eligible travel, gas, grocery and drug store purchases and 1 point for every $1 spent elsewhere
N/A
N/A
$150
N/A
Receive 25,000 bonus Membership Rewards points when you spend $1,500 within the first three months of membership.
Earn 5 Scotia Rewards points per $1 spent on groceries, dining and entertainment, 3 points on gas, transportation and streaming services, and 1 point on every other purchase.
19.99%
22.99%
$120
$12,000
$5,000
Get up to 30,000 bonus Scotia Rewards points in your first year of card membership (up to $300 in rewards). Ends 30 December 2019.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Get 5% cash back on travel purchases via Scotia Rewards Travel Service and earn 1 Scotia Rewards point for every $1 spent on daily purchases.
19.99%
22.99%
$110
$12,000
$5,000
Receive 5,000 bonus Scotia Rewards points upon first eligible purchase within the first 2 months. Ends March 1, 2020.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
N/A
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership. Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
N/A
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend
N/A
N/A
$699
N/A
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership. Experience worldwide lounge access as well as luxury travel and dining benefits.
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
19.99%
22.99%
$399
$12,000
$10,000
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within the first two months. Ends March 1, 2020.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
N/A
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 5 TD Points per $1 in travel booked online through Expedia for TD, 3/$1 in grocery purchases and regularly recurring bill payments and 2/$1 on all other purchases.
19.99%
22.99%
$89
N/A
$1,000
Apply by December 1, 2019 to get an Annual Fee Rebate for the Primary Cardholder for the first year and earn up to 70,000 TD Rewards Points (a travel value of $350 when you book travel purchases through ExpediaForTD.com).

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Low interest rates of 12.99% on purchases and cash advances.
12.99%
12.99%
$20
$15,000
Offers a 3.99% balance transfer intro rate for nine months to new cardmembers.
Get the same low interest rates on all purchases and cash advances.
TD Prime¹ + 4.5% up to TD Prime + 12.75%
TD Prime¹ + 4.5% up to TD Prime + 12.75%
$25
N/A
$1,000
Get the same low variable interest rates on all purchases and cash advances. Excludes Quebec residents.
Save on interest by consolidating your higher-rate balances and get a low 12.99% purchase interest rate.
12.99%
12.99%
$29
$12,000
$500
Offers a 0.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends March 1, 2020.

Compare up to 4 providers

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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 SCENE point per $1 spent on all purchases, plus 5 SCENE points for every $1 spent at Cineplex Entertainment theatres or cineplex.com.
19.99%
22.99%
$0
$12,000
$500
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases. Get 2,500 bonus SCENE points with min. spend of $500 in the first three months. Ends March 1, 2020.
Receive 1% cash back on payments made at gas stations, supermarkets, pharmacies and recurring bill payments.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
$12,000
$500
Offers a 7.99% introductory interest rate on all spend for the first 6 months. Ends March 1, 2020.
Earn 3 TD Rewards Points per $1 spent on travel booking via ExpediaForTD.com, 2 points when you book via phone, 2 points on grocery dining and bill payments and 1 point on all other spend.
19.99%
22.99%
$0
N/A
$500
Get 2x TD Rewards Points on all purchases up to a total of 10,000 TD Rewards Points when your account is active and in good standing for 90 days after account opening (excluding Quebec residents). Ends 1 December 2019.
Earn 1% in cash back on eligible groceries, gas, and bill payments and 0.5% in cash back on all other purchases.
19.99%
22.99%
$0
N/A
$500
Earn 1% in cash back on eligible groceries, gas, and bill payments and 0.5% in cash back on all other purchases.
Get 1% cash back on payments made at gas stations, grocery stores and pharmacies, including recurring payments, plus an additional 0.5% cash back on all other spend.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
$12,000
$500
Get 1% cash back on payments made at gas stations, grocery stores and pharmacies, including recurring payments. Receive a 7.99% introductory interest rate on all spend for the first six months. Ends March 1, 2020.
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and 1 mile per $20 spent for all other purchases.
19.99%
22.99%
$0
$15,000
Get up to 800 bonus AIR MILES reward miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners.
19.99%
22.99%
$0
$15,000
Enjoy AIR MILES on your every dollar spent and build a healthy credit history. Earn up to 800 AIR MILES bonus miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and IGA stores and 1 mile per $20 spent for all other purchases.
19.99%
22.99%
$0
$15,000
Get up to 800 bonus AIR MILES reward miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Save with a low interest rate and no annual fee
16.99%
16.99%
$0
$12,000
$500
Offers a 3.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends March 1, 2020.
Earn 1% cash back on all other purchases. No caps, no limit.
19.99%
22.99%
$0
$15,000
Offers a 1.99% balance transfer intro rate for nine months to new cardmembers. Get 5% cash back in the first three months of card membership up to a maximum of $2,000 ($100 cash back) in eligible card purchases (Ends March 31, 2020).

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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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners.
19.99%
22.99%
$0
$15,000
Enjoy AIR MILES on your every dollar spent and build a healthy credit history. Earn up to 800 AIR MILES bonus miles with minimum spend of $1,000 in the first three months. Ends January 15, 2020.
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends January 31, 2020.
19.95%
19.95%
$0
$12,000
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
Earn 3 TD Rewards Points per $1 spent on travel booking via ExpediaForTD.com, 2 points when you book via phone, 2 points on grocery dining and bill payments and 1 point on all other spend.
19.99%
22.99%
$0
N/A
$500
Get 2x TD Rewards Points on all purchases up to a total of 10,000 TD Rewards Points when your account is active and in good standing for 90 days after account opening (excluding Quebec residents). Ends 1 December 2019.
Earn 1 SCENE point per $1 spent on all purchases, plus 5 SCENE points for every $1 spent at Cineplex Entertainment theatres or cineplex.com.
19.99%
22.99%
$0
$12,000
$500
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases. Get 2,500 bonus SCENE points with min. spend of $500 in the first three months. Ends March 1, 2020.
Earn 1% cash back on all other purchases. No caps, no limit.
19.99%
22.99%
$0
$15,000
Enjoy cash back on your every dollar spent and build a healthy credit history. Get up to 5% cash back with minimum spend of $2,000 in the first three months of card membership. Ends March 31, 2020.

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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

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
19.99%
22.99%
$99
N/A
Earn up to 42,000 Membership Rewards® points in the first year of card approval. Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
N/A
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
N/A
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 5 Marriott Bonvoy™ points per dollar spent at participating Marriott Bonvoy™ properties, 3 points on eligible gas, dining and travel and 2 points on all other spend.
19.99%
22.99%
$150
N/A
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
N/A
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership. Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.

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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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