Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

The 20 Best Credit Cards in Canada

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

Looking for the best credit card in Canada? The reality is that “best” will depend on your spending habits and your credit rating. But you can find the right credit card for you by identifying the features you want, your spending habits and your financial history. To help narrow down your options, we’ve listed the main types of credit cards by category and chosen a “top pick” recommendation for each category. Compare the different types of credit cards in Canada to find the right card for you.

Explore the best credit cards in Canada by category

The 20 best credit cards in Canada

Best for balance transfers:
BMO AIR MILES Mastercard

BMO AIR MILES Mastercard logo
Credit recommended (660-)
Apply now
on BMO's secure site
660
Min. credit score
$0
Annual fee
9 months
1.99% intro transfer APR
Up to 3x
Miles
With the BMO AIR MILES Mastercard, you'll earn Air Miles while enjoying a $0 annual fee. Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere. Plus, this card comes with an appealing balance transfer offer. Get a rate of 1.99% on balance transfers for 9 months. A 1% transfer fee will be charged for each transferred balance.
  • Balance transfer. Get a rate of 1.99% on balance transfers for 9 months. A 1% transfer fee will be charged for each transferred balance.
  • Signup bonus. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
  • Annual fee. This card has a $0 annual fee.
  • Additional cardholders. You can get an additional card for $0.
  • Earn rewards. Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.
  • Earn even more. Get 2X the points by presenting your BMO Air Miles Mastercard and your Air Miles Card at participating Air Miles Partners.
  • Rental car. Get a discount of up to 25% off the base rate of rental vehicles at participating National Car Rental® and Alamo Rent A Car® locations.
  • Foreign currency. You'll face a foreign transaction fee of 2.5% every time you use your card overseas or online with international retailers.
  • Balance transfer fee. Should you take advantage of the balance transfer offer, you'll face a balance transfer fee of 1%.
Annual fee $0
Purchase APR 19.99% fixed
Balance transfer APR 1.99% intro for the first 9 months (then 22.99% fixed)
Balance transfer fee 1%
Rewards Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.

Best for no annual fee:
Tangerine World Mastercard

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

Best low interest rate:
HSBC +Rewards™ Mastercard®

HSBC +Rewards™ Mastercard® logo
Credit recommended (630-)
Apply now
on HSBC's secure site
630
Min. credit score
$25 ongoing
Annual fee
Up to 2x
Points
20,000
Points welcome offer
The HSBC +Rewards™ Mastercard® comes with a low annual fee of $25, a low interest rate of 11.9% and rewards for recreational spending. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases. You'll also get a nice sign up bonus. Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by September 27, 2021.
  • Low interest rate. The HSBC +Rewards™ Mastercard® comes with a standard low interest rate of 11.9%.
  • Earn rewards. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.
  • Signup Bonus. Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by September 27, 2021.
  • Extended warranty. Double the original manufacturer’s warranty for up to one additional year.
  • Complimentary insurance coverage. If you find a lower price within 60 days of your purchase the difference, of up to $500, will be refunded, up to a calendar-year maximum of $1,000 per account. You'll also get 90-day purchase assurance coverage in the event of loss, damage or theft. Conditions apply.
  • Balance transfer fee. You'll have to pay the standard 11.9% interest rate on balance transfers, but unlike other cards, the balance transfer fee is 0%.
  • Optional travel insurance coverage. By paying an additional $69 per year (including taxes), you'll get Emergency Travel Medical insurance as well as Trip Cancellation, Trip Interruption and Baggage Delay/Loss coverage.
  • Annual fee. The annual fee for this card is normally $25, but is $0 in the first year.
  • Additional cardholder. Any additional cards will cost $10.
Annual Fee $0 intro annual fee for the first year ($25 thereafter)
Purchase APR 11.9% fixed
Balance transfer APR 11.9% fixed
Welcome offer Get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($25 value). Apply by September 27, 2021.
Rewards Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.

Best for earning rewards:
Scotiabank Gold American Express Card

Scotiabank Gold American Express Card logo
Credit recommended (700-)
Apply now
on Scotiabank's secure site
700
Min. credit score
$120 ongoing
Annual fee
Up to 5x
Points
50,000
Points welcome offer
The Scotiabank Gold American Express Card is a powerful everyday credit card as well as a strong travel companion. Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere. Book and redeem any flight for any time through Scotia Rewards Travel Service, a full-service travel agency. Plus, take advantage of the Best Price Guarantee on airfare. Plus, enjoy peace of mind with a broad array of travel insurance options.
  • Bonus rewards. Earn up to 50,000 bonus Scotia Rewards points in your first year (that's up to $500 towards travel), plus get the annual fee waived in the first year. Apply by August 31, 2021.
  • Earn rewards. Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.
  • Currency conversion. This card comes with a 0% foreign transaction fee.
  • Travel coverage. Enjoy peace of mind with a broad array of travel insurance options including Emergency Medical, Travel Accident, Trip Cancellation and Interruption, Flight Delay, Delayed or Lost Baggage and Rental Car Collision Loss/Damage.
  • Travel perks. Book and redeem any flight for any time through Scotia Rewards Travel Service, a full-service travel agency. Plus, take advantage of the Best Price Guarantee on airfare.
  • Other perks. American Express rewards including early ticket access, discounts and invites to exclusive events.
  • Annual fee. This card has an annual fee of $120.
  • Minimum income requirement. You'll need to earn a minimum income of $12,000 a year to be eligible for this card.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 19.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn up to 50,000 bonus Scotia Rewards points in your first year (that's up to $500 towards travel), plus get the annual fee waived in the first year. Apply by August 31, 2021.
Rewards Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.

Best travel credit card:
American Express Cobalt Card

American Express Cobalt Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$120
Annual fee
Up to 5x
Membership Rewards
30,000
Welcome offer
The American Express Cobalt Card offers a generous return on points for everyday purchases. You can collect 5 points for every dollar you spend on dining out plus 2 points for gas and transit purchases, 2 points on travel and 1 point for everything else. This card also comes with up to a 30,000 points welcome bonus if you spend a certain amount of money each month. You'll also get a full suite of travel insurance and purchase protection when you sign up.
  • Earn rewards. Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.
  • Signup bonus. Earn up to 30,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). 30,000 points is enough for $300 in statement credits redeemed towards any eligible purchases charged to your card or $225 in Amex Prepaid Cards.
  • Earn more. Collect a higher return on rewards on everyday purchases like dining, gas and transit.
  • Protection. Enjoy peace of mind with complimentary protection against fraudulent charges to your card. Additionally, items charged to your card will be covered against theft and accidental physical damage, plus the original manufacturer's warranty will be extended by up to one additional year. Terms and conditions apply.
  • Travel coverage. Get up to $5,000,000 in emergency medical coverage plus coverage for travel accidents, lost or stolen baggage, car rental theft and damage, flight delays and hotel/motel burglary.
  • Car rental. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Annual fee. You'll have to pay $120 per year to maintain this card.
  • Currency conversion. You'll be charged a currency conversion rate of 2.5% when you spend overseas.
  • Missed payment penalty. Missed payments will be charged a penalty interest rate of 23.99% - 26.99% variable.
Annual Fee $120
Purchase APR 19.99% fixed
Balance transfer APR N/A
Welcome offer Earn up to 30,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). 30,000 points is enough for $300 in statement credits redeemed towards any eligible purchases charged to your card or $225 in Amex Prepaid Cards.
Rewards Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.

Best overall cash back card:
SimplyCash Preferred Card from American Express

SimplyCash Preferred Card from American Express logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$99
Annual fee
Up to 2%
Cash back
10%
Welcome offer
The SimplyCash Preferred Card from American Express helps you earn rewards points fast. Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership. The card also offers a suite of travel insurance benefits and exclusive offers on dining and entertainment. Just watch out for the annual fee of $99.
  • Signup bonus. Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership.
  • Earn rewards. Earn 2% cash back on all eligible card purchases.
  • Travel coverage. Get up to $100,000 travel insurance coverage for delayed flights, lost or stolen baggage, car rentals and accidents. Plus, enjoy up to up to $5,000,000 Out-of-Province/Country Emergency Medical Insurance in emergency medical coverage.
  • Car rental. Complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000).
  • Referral bonus. Earn up to a maximum annual referral bonus of $1,500 cash back for approved referrals.
  • Purchase coverage. Charge the full purchase price of eligible items to your card, and get complimentary coverage against accidental physical damage and theft, plus double the original manufacturer's warranty for up to 1 additional year. Terms and conditions apply.
  • Annual fee. This card has an annual fee of $99.
  • Currency conversion. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
Annual Fee $99
Purchase APR 19.99% fixed
Balance transfer APR N/A
Welcome offer Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership.
Rewards Earn 2% cash back on all eligible card purchases.

Best tiered cash back card:
TD Cash Back Visa Infinite Card

TD Cash Back Visa Infinite Card logo
Credit recommended (Good-)
Read review
Good
Min. credit score
$120 ongoing
Annual fee
Up to 3%
Cash back
6%
Welcome offer
With the TD Cash Back Visa Infinite Card you can get cash back on your everyday purchases as well as a welcome bonus and travel insurance. Earn 3% cash back when you make eligible purchases of up to $15,000.00 per year on each of groceries, gas and recurring bill payments on your credit card. Earn 1% for eligible purchases above $15,000.00 and for all other spending.
  • Signup bonus. Earn 6% cash back on all purchases for the first 3 months (up to a total spend of $2,000). Plus, get the first year annual fee waived for the Primary and additional cardholders. Conditions apply. Apply by August 16, 2021.
  • Earn rewards. Earn 3% cash back when you make eligible purchases of up to $15,000.00 per year on each of groceries, gas and recurring bill payments on your credit card. Earn 1% for eligible purchases above $15,000.00 and for all other spending.
  • Flexible redemption. Your cash back never expires so you can choose to redeem it annually or more frequently.
  • Car rental. Get a minimum discount of 10% on qualifying vehicle rentals at participating Avis and Budget locations in Canada and the US and 5% on qualifying rentals internationally. Plus, enjoy free Auto Rental Collision/Loss Damage Insurance on rental vehicles when you pay with your credit card. (Vehicles must have have an MSRP at, or below, $65,000.00 before taxes, and the rental period cannot exceed 48 consecutive days).
  • Travel coverage. Enjoy peace of mind when you're travelling with up to $2,000,000 Travel Medical Insurance per insured person per covered trip for 10 consecutive days. (If you or your spouse is 65+ years old, then you're covered for 4 consecutive days.) Enjoy access to toll-free Emergency Travel Assistance Services while travelling. Plus, get up to $1,000 per covered person per trip for delayed and lost baggage.
  • Annual fee. This card has an annual fee of $120.
  • Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
  • Minimum income requirement. You'll need to earn a personal income of at least $60,000, or a combined household income of at least $100,000 annually.
  • Minimum cash back redemption. You'll need to accrue at least $25 in cash back before you can redeem.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 20.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn 6% cash back on all purchases for the first 3 months (up to a total spend of $2,000). Plus, get the first year annual fee waived for the Primary and additional cardholders. Conditions apply. Apply by August 16, 2021.
Rewards Earn 3% cash back when you make eligible purchases of up to $15,000.00 per year on each of groceries, gas and recurring bill payments on your credit card. Earn 1% for eligible purchases above $15,000.00 and for all other spending.
Please note: All information about TD Cash Back Visa Infinite Card has been collected independently by Finder and this card is not available through this site.

Best no credit check card for bad credit:
Refresh Financial Secured Card

Refresh Financial Secured Card logo
Credit recommended (300-)
Apply now
on Refresh Financial's secure site
300
Min. credit score
$12.95
Annual fee
17.99% fixed
Purchase APR
From $200
Min. deposit
Build up your credit score and control your monthly spending with the Refresh Financial Secured Card. With a monthly fee of $3 and an annual fee of $12.95, you can focus on rebuilding your credit score while getting access to a monthly credit limit between $200 - $10,000. This card also comes with a relatively low purchase interest rate of 17.99%.
  • No credit check. No credit check is required for approval of this secured credit card.
  • Lower interest rate. This secured card offers an interest rate of 17.99%, which is typically lower than most cards offered in Canada.
  • Build your credit score. With a secured card, you're offered the chance to work on improving your credit score. Timely repayments will be reported to the credit bureau, which means you can improve your score over time.
  • Control your credit limit. Your monthly credit limit is determined by the amount of your security deposit, keeping you in control of your card. Credit limits start from a minimum of $200 to a maximum of $10,000.
  • Learn as you spend. You get access to free educational financial training on their online portal called Refresh f.i.t.
  • Penalty rate. If you don't pay your balance in full by the end of the month, you'll be charged a 17.99% interest rate.
  • Inactivity fee. If you don't use your card within the month, you'll be charged a $2 inactivity fee.
  • Fees. The $3 monthly fee combined with the $12.95 yearly fee can really add up.
Annual fee $12.95
Purchase APR 17.99% fixed
Balance transfer APR N/A
Recommended minimum credit score 300

Best student card:
BMO CashBack Mastercard For Students

BMO CashBack Mastercard For Students logo
Credit recommended (660-)
Apply now
on BMO's secure site
660
Min. credit score
$0
Annual fee
Up to 3%
Cash back
5%
Welcome offer
The BMO CashBack Mastercard For Students is cash back credit card designed specifically for students. Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases. You'll earn even more with its sign up bonus. Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). All that comes with a $0 annual fee.
  • Annual fee. This card comes with a $0 annul fee.
  • Earn cashback. Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
  • Signup bonus. Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter).
  • Car rental discount. Get up to 25% off on car rentals with National Car Rental and Alamo Rent A Car.
  • Purchase protection. Eligible items charged to your card are automatically insured against theft and damage. Plus, double the original manufacturer's warranty on eligible items purchased with your card by up to 1 additional year.
  • Low return on other purchases. You'll only receive 0.5% cash back on all other categories of spending.
  • Missed payment fee. You'll have to pay a 24.99% rate on any missed payments.
  • Currency conversion. You'll have to pay a foreign transaction fee of 2.5% on any overseas purchases.
Annual Fee $0
Purchase APR 19.99% fixed
Balance transfer APR 1.99% intro for the first 9 months (then 22.99% fixed)
Welcome offer Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter).
Rewards Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.

Best overall promotional offer:
BMO CashBack World Elite Mastercard

BMO CashBack World Elite Mastercard logo
Credit recommended (760-)
Apply now
on BMO's secure site
760
Min. credit score
$120 ongoing
Annual fee
Up to 5%
Cash back
10%
Welcome offer
This card offers a wide range of benefits including an attractive signup bonus and the chance to earn cash back on eligible everyday purchases. Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year. After the promotional period ends, continue to enjoy rewards at the regular rate. Earn 5% cash back on groceries, 4% on transit including ride sharing, taxis and public transportation, 3% on gas and electric vehicle charging, 2% on recurring bill payments and 1% unlimited cash back on all eligible purchases. Plus, cardholders can enjoy a host of travel and entertainment perks.
  • Signup bonus. Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.
  • Earn rewards. Earn 5% cash back on groceries, 4% on transit including ride sharing, taxis and public transportation, 3% on gas and electric vehicle charging, 2% on recurring bill payments and 1% unlimited cash back on all eligible purchases.
  • Rental car. You'll get rental car discounts. Get up to a 25% discount at National Car Rental and Alamo Rent A Car locations with complimentary Collision Damage Waiver benefits (MSRP of up to $65,000).
  • Discounts. Get 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas.
  • Travel coverage. You'll get up to $2 million Out-of-Province/Out-of-Country Emergency Medical benefits.
  • Annual fee. This card has an annual fee of $120.
  • Minimum redemption value. You'll need to accrue at least $50 in cash back before you can redeem.
  • Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
  • Minimum income. You'll need to earn a personal income of at least $80,000, or a combined household income of at least $150,000 annually to apply.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 20.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.
Rewards Earn 5% cash back on groceries, 4% on transit including ride sharing, taxis and public transportation, 3% on gas and electric vehicle charging, 2% on recurring bill payments and 1% unlimited cash back on all eligible purchases.

Best store credit card for entertainment:
Scotiabank SCENE Visa Card

Scotiabank SCENE Visa Card logo
Credit recommended (660-)
Apply now
on Scotiabank's secure site
660
Min. credit score
$0
Annual fee
Up to 5x
Points
2,500
Points welcome offer
If you've have no credit history and are looking for a rewards card with a $0 annual fee, the Scotiabank SCENE Visa Card is worth taking a look at – especially if you're a big movie buff. Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere. Redeem your SCENE points for movie tickets or take advantage of discounts at participating restaurants.
  • Annual fee. This card has a $0 annual fee.
  • Rewards points. Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere. Redeem points for free movies and discounts at participating restaurants.
  • Additional cardholders. Pay $0 to add another authorized user to your account, so you can rack up points faster.
  • Earn more. Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by October 31, 2021.
  • Rental cars. Get a discount of up to 25% off at participating Budget and AVIS car rental locations in both Canada and the US..
  • Extra insurance available. Optional insurance is available (for a fee) to help pay down your balance if you become critically ill, disabled or can't work due to job loss, strikes or lockouts. If you pass away or become diagnosed with a Covered Critical Illness, your card balance can be paid off up to $50,000.00. Terms apply.
  • Missed payment fee. You'll be charged a 24.99% rate on any missed payments.
  • Foreign conversion fee. Every time you charge a purchase to your card in a foreign currency, you'll incur a 2.5% fee.
Annual Fee $0
Purchase APR 19.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months as a new SCENE Visa cardholder. Apply by October 31, 2021.
Rewards Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere.

Best for groceries and gas:
Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card logo
Credit recommended (680-)
Apply now
on Tangerine's secure site
680
Min. credit score
$0
Annual fee
6 months
1.95% intro transfer APR
Up to 2%
Cash back
As a cash back credit card, the Tangerine Money-Back Credit Card helps you earn cash rewards on your everyday purchases, with accelerated rewards where you spend the most. Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else. Categories include groceries, gas, restaurants, hotels, recurring bill payments, drug store, home improvement and entertainment. Plus, get access to a 1.95% interest rate on a balance transfer for the first 6 months.
  • Earn rewards fast. Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
  • Annual fee. This card comes with a $0 annual fee.
  • Balance transfer rate. Get a 1.95% interest rate on balance transfers for the first six months. To take advantage of this offer, you must complete the Balance Transfer request within 30 days of account approval and activate your card within 45 days of approval. A balance transfer fee equaling the greater of 3% or $5 will be charged on each transferred amount (fee is waived by Tangerine if you're a resident of Quebec).
  • Low return on other purchases. Receive only 0.5% cash back on all other categories of spending.
  • Currency conversion. You'll pay a foreign transaction fee of 2.5% on all overseas purchases.
  • Missed payment fee. You'll pay a 24.95% rate on missed payments.
  • Balance trasnfer fee. Pay a balance transfer fee of 3% of the total transferred amount or $5, whichever is greater.
Annual fee $0
Purchase APR 19.95% fixed
Balance transfer APR 1.95% intro for the first 6 months (then 19.95% fixed)
Balance transfer fee $5 or 3% of the transaction, whichever is greater
Rewards Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.

Best Air Miles card:
BMO AIR MILES World Elite Mastercard

BMO AIR MILES World Elite Mastercard logo
Credit recommended (760-)
Apply now
on BMO's secure site
760
Min. credit score
$120 ongoing
Annual fee
Up to 3x
Miles
2,000
Miles welcome offer
Earn accelerated AIR MILES that can be redeemed for travel perks and merchandise. Get 3x the Miles for every $12 spent at participating AIR MILES Reward Partners. Plus, get 1 AIR MILE for every $12 spent on eligible purchases. Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
  • Get bonus Miles. Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
  • Earn Miles. Earn 1 mile per $10 spend in purchases.
  • Travel coverage. Get peace of mind with a wide range of travel insurance benefits including up to $2,000,000 Out-of-Province/Out-of-Country Emergency Medical Protection as well as coverage for delayed flights, trip cancellations, interruptions and delays, rental car collision damage and baggage loss, theft or damage.
  • Car rental. Get up to a 25% discount at National Car Rental and Alamo Rent A Car locations with complimentary Collision Damage Waiver benefits (MSRP of up to $65,000).
  • Airport lounge access. Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access.
  • Annual fee. This card has an annual fee of $0 in the first year and $120 thereafter.
  • Currency conversion. This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
  • Minimum income requirement. You'll need to earn a personal income of at least $80,000, or a combined household income of at least $150,000 annually.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 20.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
Rewards Get 3x the Miles for every $12 spent at participating AIR MILES Reward Partners. Plus, get 1 AIR MILE for every $12 spent on eligible purchases.

Best Aeroplan card:
American Express Aeroplan Reserve Card

American Express Aeroplan Reserve Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$599
Annual fee
Up to 3x
Miles
90,000
Miles welcome offer
The American Express Aeroplan Reserve Card is a premium Aeroplan rewards credit card that comes with tons of perks and accelerated rewards. Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x the points on eligible dining and food delivery purchases in Canada, and 1.25x the points on everything else. Earn up to a total of 90,000 welcome bonus Aeroplan points and a bonus Buddy Pass. New Cardmembers can earn up to $2,900 in value within your first year. Plus, spend at least $10,000 in qualifying net purchases by November 30, 2021 and you’ll earn, step up, or jump start your Aeroplan Elite Status. Apply by October 1, 2021. This card also comes with a host of travel perks and coverage, including travel medical, trip cancellation and interruption, hotel burglary, car rental and common carrier coverage.
  • Earn points. Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x the points on eligible dining and food delivery purchases in Canada, and 1.25x the points on everything else.
  • Reach Aeroplan elite status more easily. Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $5,000 worth of eligible purchases you charge to your card.
  • Get bonus points. Earn up to a total of 90,000 welcome bonus Aeroplan points and a bonus Buddy Pass. New Cardmembers can earn up to $2,900 in value within your first year. Plus, spend at least $10,000 in qualifying net purchases by November 30, 2021 and you’ll earn, step up, or jump start your Aeroplan Elite Status. Apply by October 1, 2021.
  • Travel coverage. Travel insurance coverage includes travel medical, trip cancellation and interruption, hotel burglary, car rental and common carrier coverage
  • Travel perks. Get access to tons of travel perks, including free checked baggage for yourself and up to 8 companions, access to Maple Leaf Lounges in North America and Air Canada Cafés for you and a guest (with same day tickets on departing Air Canada or Star Alliance flights), Priority Airport Check-In, Priority Boarding, and Priority Baggage Handling with Air Canada and priority access to eUpgrades/standby list and worldwide airport lounge access with Priority Pass.
  • Airport perks. If you often travel out of Toronto Pearson International Airport, this card provides you access to the Pearson Priority Security Lane, complimentary valet service, and discounts off parking rates and Car Care Services.
  • Special offers. Get access to special offers for music, dining, entertainment and exclusive events offered by American Express.
  • Metal card. The American Express Aeroplan Reserve Card comes as an exclusive, precision cut and engraved 13g metal card.
  • Annual fee. This card comes with a hefty yearly fee of $599, so you'll need to make sure you plan to use the card enough to earn enough rewards to justify the fee.
  • Additional cardholder. There's an added fee of $199 for every additional card you add to your account.
Annual Fee $599
Purchase APR 19.99% fixed
Balance transfer APR N/A
Welcome offer Earn up to a total of 90,000 welcome bonus Aeroplan points and a bonus Buddy Pass. Earn 30,000 Aeroplan points and a bonus Buddy Pass after spending $3,000 in purchases within the first 3 months of Cardmembership. Plus, earn 5,000 Aeroplan points for each monthly billing period in which you spend $1,000 in purchases on your Card for the first 12 months of Cardmembership (up to a total of 60,000 Aeroplan points).
With a bonus Buddy Pass, you can bring a friend anywhere Air Canada flies in North America. On the second ticket, you only pay the taxes and third-party charges.
New Cardmembers can earn up to $2,900 in value within your first year. Spend applies to bonus point offers valued at up to $1,800.
Plus, spend at least $10,000 in qualifying net purchases by November 30, 2021 and you’ll earn, step up, or jump start your Aeroplan Elite Status. Apply by October 1, 2021.
Rewards Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x the points on eligible dining and food delivery purchases in Canada, and 1.25x the points on everything else.

Best hotel card:
Marriott Bonvoy American Express Card

Marriott Bonvoy American Express Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$120
Annual fee
Up to 5x
Membership Rewards
50,000
Welcome offer
Experience discounts at a variety of luxurious hotel chains around the world with the Marriott Bonvoy American Express Card. Even though this card has an annual fee of $120, the rewards can quickly outpace the cost if you frequently visit Marriott Bonvoy™ hotels and their partners. The signup bonus alone is worth more than the annual fee of the card. Earn 50,000 Marriott Bonvoy points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Redeem points towards 2 nights at a Category 4 hotel. Subject to change at any time.
  • Earn rewards. Earn 5 points per $1 spent at participating Marriott properties and 2 points on all other spend..
  • Signup bonus. Earn 50,000 Marriott Bonvoy points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Redeem points towards 2 nights at a Category 4 hotel. Subject to change at any time.
  • Additional cardholders. Although this card has an annual fee, you can get up to 9 additional cards for $0.
  • Travel coverage. Enjoy peace of mind with up to $500,000 Travel Accident Insurance. Plus, get coverage for travel accidents, lost/stolen/damaged baggage, car rental theft and damage, flight delays and hotel/motel burglaries.
  • Car rental. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Annual fee. This card comes with an annual fee of $120.
  • Penalty rate. Any missed payments will incur a penalty interest rate of 23.99% - 26.99% Variable.
  • Currency conversion. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
Annual Fee $120
Purchase APR 19.99% fixed
Balance transfer APR N/A
Welcome offer Earn 50,000 Marriott Bonvoy points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Redeem points towards 2 nights at a Category 4 hotel. Subject to change at any time.
Rewards Earn 5 points per $1 spent at participating Marriott properties and 2 points on all other spend.

Best premium credit card:
The Platinum Card from American Express

The Platinum Card from American Express logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$699
Annual fee
Up to 3x
Membership Rewards
80,000
Welcome offer
The Platinum Card from American Express is an engraved metal charge card with a hefty annual fee of $699– but the benefits can far outweigh the costs. Note that this is a charge card, not a regular credit card, so you must pay off the balance in full every month or a 30%interest rate will apply. Earn 2 points for every $1 in card purchases on eligible travel. Plus, enjoy complimentary access to airport lounges worldwide.
  • Signup bonus. Earn up to 80,000 Membership Rewards points. Earn 65,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership. Redeem for a roundtrip flight to a destination in Europe using the Fixed Points Travel Program (towards base fares, up to maximum of $900). Plus, earn 15,000 points when you make a purchase between 14 and 17 months of Cardmembership. Redeem for a short-haul roundtrip flight to one of the popular routes using the Fixed Points Travel Program (towards base fares, up to maximum of $300).
  • Rewards points. Earn 3 Membership Rewards points for every $1 spent on eligible dining in Canada, 2 Membership Rewards points for every $1 spent on eligible travel purchases as well as hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases..
  • Travel insurance. Get Travel Accident Insurance, Travel Emergency Assistance and Emergency Medical Insurance, Trip Cancellation and Interruption coverage, Lost and Stolen Baggage Insurance, Flight and Baggage Delay Insurance, Car Rental Theft and Damage coverage and Hotel/Motel Burglary Insurance. You also get access to complimentary concierge services.
  • Travel perks. You'll get complimentary lounge access worldwide, benefits with Fine Hotels + Resorts, personalized concierge service and Hotel Status Benefit to help fast-track points earned towards hotel loyalty programs. You'll also get access to benefits at Toronto Pearson International Airport including valet service, discounts on parking and access to Pearson Priority Security Lane.
  • No late payment fee. A $0 fee applies to late payments (however, a penalty interest rate may apply).
  • Metal Card. This premium credit card comes in precision-cut, engraved metal, which makes it incredibly durable.
  • Annual fee. The annual fee for this card is $699.
  • Supplementary card fees. Additional Platinum Cards cost $175 annually.
  • Foreign transaction fees. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
Annual Fee $699
Purchase APR
Balance transfer APR N/A
Welcome offer Earn up to 80,000 Membership Rewards points. Earn 65,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership. Redeem for a roundtrip flight to a destination in Europe using the Fixed Points Travel Program (towards base fares, up to maximum of $900). Plus, earn 15,000 points when you make a purchase between 14 and 17 months of Cardmembership. Redeem for a short-haul roundtrip flight to one of the popular routes using the Fixed Points Travel Program (towards base fares, up to maximum of $300).
Rewards Earn 3 Membership Rewards points for every $1 spent on eligible dining in Canada, 2 Membership Rewards points for every $1 spent on eligible travel purchases as well as hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases.

Best business card:
American Express Business Gold Rewards Card

American Express Business Gold Rewards Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$250
Annual fee
Up to 2x
Membership Rewards
50,000
Welcome offer
Although the American Express Business Gold Rewards Card has an annual fee of $250, it comes with a range of valuable benefits for business owners including purchase protection, travel benefits, Employee Card Misuse Protection and rewards points on all business purchases. Be aware that this is a charge card not a regular credit card, which means you must repay the balance in full each statement period or a 30% interest rate will apply. Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere.
  • Signup bonus. 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.
  • Earn rewards.Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere.
  • Potentially long interest-free period. Enjoy an interest-free period of up to 55 days. The exact amount of time varies based on the closing date of your statement, the number of days in the calendar month in which the closing date occurs, when charges are posted to your account and whether your account is in good standing.
  • Variety of redemption options. Redeem your points for statement credit, merchandise, gift cards, flights and more. You can also transfer points to other eligible frequent flyer programs.
  • Travel insurance coverage. Receive up to $100,000 Travel Accident Insurance, Car Rental Theft and Damage Insurance, Hotel/Motel Burglary Insurance, Flight Delay, Lost and Stolen Baggage and Baggage Delay Insurance. Travel Emergency Assistance is also provided through round the clock customer service.
  • Additional insurance benefits. This card comes with Employee Card Misuse Protection, which covers you if employees misuse their employee cards for unauthorized charges. Get coverage for accidental physical damage and theft of items charged to your card for up to 90 days after the purchase date. Plus, extend the original manufacturer's warranty on eligible items for up to one additional year. Terms and conditions apply.
  • Car rental perks. Get a one class car upgrade, additional driver fee waiver and up to 10% discount on car rental rates for Hertz Gold Plus Rewards® members at participating Hertz locations (T&C's apply). Plus, get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000).
  • Business tools. Manage your cash flow better with a generous interest-free repayment period, and take advantage of Expense Management Reports that make it simpler to track expenses and prepare your taxes.
  • Charge card not a regular credit card. Because this is a charge card, it's meant to be paid off in full within the interest free repayment period or an interest rate of 30% will apply.
  • Annual fee. This card has an annual fee of $250.
  • Supplementary card fees. Any additional cards will cost $50 annually.
  • Foreign currency conversion fee. Pay 2.5% for transactions conducted in a foreign currency.
Annual Fee $250
Purchase APR
Balance transfer APR N/A
Welcome offer 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.
Rewards Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere

Best Mastercard credit card:
HSBC World Elite® Mastercard®

HSBC World Elite® Mastercard® logo
Credit recommended (650-)
Apply now
on HSBC's secure site
650
Min. credit score
$149 ongoing
Annual fee
Up to 3%
Cash back
70,000
Welcome offer
The HSBC World Elite® Mastercard® is a flexible rewards card that offers a rare $0 currency conversion fee. You'll also be able to build up travel rewards with every purchase. Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent). The HSBC World Elite® Mastercard® also comes with a sizable welcome bonus, travel insurance coverage and purchase insurance.
  • Sign up bonus. Get a Welcome Bonus of 20,000 Points (up to $100 value). Plus, get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus. Apply by September 27, 2021.
  • Rewards points. Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
  • Foreign transaction fee. Unlike many other credit cards, this card comes with a $0.
  • Travel insurance. You'll get Worldwide Emergency Travel Medical insurance, Baggage Delay or Loss insurance, Trip Cancellation, Trip Interruption/Delay insurance and Car Rental insurance.
  • Rental car coverage. Get complimentary car rental insurance when you charge at least 75% of the cost of your rental vehicle to your card and decline the rental agency’s collision or loss damage waiver. This includes Personal Effects and Car Rental Accidental Death and Dismemberment insurance coverage.
  • Purchase coverage. Items charged to your card will be covered against loss, damage or theft for 90 days from the purchase date. Plus, double the original manufacturer’s warranty on eligible items for up to one additional year with Extended Warranty coverage.
  • Annual fee. You'll be charged a $149 annual fee to maintain this card.
  • Minimum income requirement. You'll need to have a personal income of $80,000 or a household income of $150,000 to be eligible for this card.
Annual Fee $0 intro annual fee for the first year ($149 thereafter)
Purchase APR 19.9% fixed
Balance transfer APR 22.9% fixed
Welcome offer Get a Welcome Bonus of 20,000 Points (up to $100 value). Plus, get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening, and get a 1st Year annual fee waiver for the Primary Cardholder ($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus. Apply by September 27, 2021.
Rewards Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).

Best Visa credit card:
Scotia Momentum Visa Infinite Card

Scotia Momentum Visa Infinite Card logo
Credit recommended (750-)
Apply now
on Scotiabank's secure site
750
Min. credit score
$120 ongoing
Annual fee
Up to 4%
Cash back
10%
Welcome offer
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and pay no annual fee in the first year, including on supplementary cards (A welcome offer value of $350). Apply by August 31, 2021. The card also offers a great suite of travel insurance benefits, an introductory balance transfer rate and exclusive offers on dining and entertainment – just watch out for the annual fee of $120.
  • Rewards points. Earn 4% cash back for every $1 spent on eligible grocery purchases & recurring bill payments, 2% per $1 spent on eligible gas purchases & public transit, and 1% per $1 spent on all other eligible purchases.
  • Earn more. Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and pay no annual fee in the first year, including on supplementary cards (A welcome offer value of $350). Apply by August 31, 2021.
  • Trip coverage. Pay for your flight with your card and get complimentary insurance for emergency medical situations up to $1,000,000, trip interruptions and cancellations, flight delays, lost and delayed baggage.
  • Purchase coverage. You won't be held liable for fraudulent charges on your account with Zero Liability coverage.
  • Annual fee. This card has an annual fee of $120.
  • Currency conversion. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
  • Minimum income requirement. In order to qualify for this card you must have a personal income of at least $60,000 or a household income of $100,000 or higher.
Annual Fee $0 intro annual fee for the first year ($120 thereafter)
Purchase APR 20.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and pay no annual fee in the first year, including on supplementary cards (A welcome offer value of $350). Apply by August 31, 2021.
Rewards Earn 4% cash back for every $1 spent on eligible grocery purchases & recurring bill payments, 2% per $1 spent on eligible gas purchases & public transit, and 1% per $1 spent on all other eligible purchases.

Best Amex credit card:
American Express Cobalt Card

American Express Cobalt Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$120
Annual fee
Up to 5x
Membership Rewards
30,000
Welcome offer
Yes, the American Express Cobalt Card shows up on our list of the best credit cards in Canada twice. Not only is this our pick for the best overall travel card, the American Express Cobalt Card also tops our list of best Amex cards overall. This card gives you a good value on rewards you can earn everywhere – 5 points per dollar spent at restaurants, 2 points per dollar spent on gas and transit, 2 points per dollar spent on travel and 1 point per dollar spent everywhere else. This card also comes with a welcome bonus of up to 30,000 points, a host of travel benefits and purchase protection.
  • Earn rewards. Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.
  • Earn more. You'll be able to earn more rewards on certain common purchases like at restaurants or gas stations.
  • Signup bonus. Earn up to 30,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). 30,000 points is enough for $300 in statement credits redeemed towards any eligible purchases charged to your card or $225 in Amex Prepaid Cards.
  • Protection. Enjoy peace of mind with complimentary protection against fraudulent charges to your card. Additionally, items charged to your card will be covered against theft and accidental physical damage, plus the original manufacturer's warranty will be extended by up to one additional year. Terms and conditions apply.
  • Travel coverage. Get up to $5,000,000 in emergency medical coverage plus coverage for travel accidents, lost or stolen baggage, car rental theft and damage, flight delays and hotel/motel burglary.
  • Car rental. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Annual fee. The American Express Cobalt Card comes with a $120 annual fee.
  • Currency conversion. Any overseas transactions will be charged a currency conversion rate of 2.5%.
  • Missed payment penalty. You'll have to pay a penalty interest rate of 23.99% - 26.99% variable on any missed payments.
Annual Fee $120
Purchase APR 19.99% fixed
Balance transfer APR N/A
Welcome offer Earn up to 30,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). 30,000 points is enough for $300 in statement credits redeemed towards any eligible purchases charged to your card or $225 in Amex Prepaid Cards.
Rewards Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, 2 points per $1 spent at eligible gas stations, and on transit and travel purchases, and 1 point per $1 spent elsewhere.

What is the best credit card for me?

To choose the best 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 the best credit card to suit your needs. For example, if you want a credit card that offers rewards and perks, you could look at travel rewards cards or cash back options. Or, if you want a card to help you manage your expenses, you could look into a low interest option or balance transfer card. Learn more about some of the most popular types of credit cards below.

Find the right credit card

Balance transfer credit cards

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. If you have existing credit card debt that’s accumulating high interest, a balance transfer can help you pay off that debt faster.

Travel rewards credit cards

Travel rewards credit cards, otherwise known as frequent flyer 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. Anyone who wants to maximize their points or miles to enjoy free flights, hotels and other benefits.

Rewards credit cards

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. Frequent credit card users who want to maximize points or miles for everyday spending without being tied to a single airline rewards scheme.

Premium credit cards

Premium credit cards provide access to luxury 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. Still, there are plenty of premium credit cards that come with a host of perks that you can apply for.

Low interest rate cards

These credit cards offer a lower ongoing, variable interest rate on purchases when compared to other cards. 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.

No annual fee credit cards

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. 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.

Business credit cards

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. There are business credit cards for individuals, small businesses and corporations that provide access to credit to help manage finances.

Your questions about the best credit cards answered

What features and perks should I look for in the best credit card?

The best credit cards in Canada tend to come with a suite of perks. You can generally slot these perks into one of three categories – travel, shopping or entertainment. The best credit card for you will be one that offers perks that match your spending habits and lifestyle. For example, if you travel a lot, you should consider getting a travel card that offers features like travel insurance or airport lounge access. If you tend to do a lot of online shopping, then think about getting a card that offers fraud protection.

To help give you an idea of what features to look out for, we’ve made a list of popular perks below. Click on any of the links to learn more about that specific type of credit card perk.

Entertainment credit card perks

  • Ticket presale
  • Preferred tickets
  • VIP packages

      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 comprehensive guide here.

      More guides on Finder

      Go to site