Best Credit Cards*

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

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

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 0% purchase, balance transfer or low rate cards. You can use this guide to discover the types of cards available, who they’re suited to and how to find the ideal one for you.

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0% balance transfer credit cards

  • What are they? Balance transfer credit cards let you pay off an existing debt from a credit, store or charge card with low or 0% interest for a set period. You can also consolidate other debts with some balance transfer cards, such as personal loans.
  • Who are these credit cards suited to? If you have an existing credit card debt that’s accumulating interest, a balance transfer deal 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 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.

Compare balance transfer credit cards

Name Product Welcome Offer Purchase Interest Rate Balance Transfer Rate Annual Fee Credit Rating
Offers a 0.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends 30 June 2019.
12.99%
0.99% for the first 6 months (then 12.99%)
$29
650+ recommended credit score
Save on interest by consolidating your higher-rate balances and enjoy a low 12.99% purchase interest rate.
Receive 5% cashback (up to $300 cashback) in the first six months.
19.99%
1.99% for the first 6 months (then 22.99%)
$99
Good, Excellent
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
1.99% for the first 6 months (then 22.99%)
$0
Good, Excellent
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get 2,500 bonus SCENE points with min. spend of $500 in the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
650+ recommended credit score
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases.
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
19.95%
1.95% for the first 6 months (then 19.95%)
$0
650+ recommended credit score
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends 31 July 2019.
Offers a 3.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends June 30, 2019.
16.99%
3.99% for the first 6 months (then 16.99%)
$0
650+ recommended credit score
Save with a low interest rate and no annual fee.
No available introductory offer.
17.99%
17.99%
$0
650+ recommended credit score
Get up to 5% in GM Earnings on your initial spend of $5,000 in the first year.
Get 10% cash back on purchases with min. spend of $2,000 in the first three months. Ends 30 June 2019.

19.99%
22.99%
$0 annual fee for the first year ($99 thereafter)
750+ recommended credit score
Save with no annual fee for the first year.
Get 30,000 bonus Scotia Rewards points with min. spend of $1,000 in the first 3 months. Ends June 30, 2019.
19.99%
22.99%
$139
750+ recommended credit score
Earn 2 Scotia Rewards points per $1 spent on eligible purchases. Plus, an extra 10,000 points with a min. annual spend of $40,000 on your card.
Receive a 7.99% introductory interest rate on all spend for the first six months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
650+ recommended credit score
Get 1% cash back on payments made at gas stations, grocery stores and pharmacies, including recurring payments.
Offers a 2.99% introductory balance transfer rate for the first 6 months. Ends 30 June 2019.
19.99%
2.99% for the first 6 months (then 22.99%)
$39
650+ recommended credit score
2% cash back on eligible gas stations, grocery and drug store purchases including recurring payments. T&C's apply.
Receive 5,000 bonus Scotia Rewards points upon first eligible purchase within the first 2 months. Ends 30 June 2019.
19.99%
22.99%
$110
650+ recommended credit score
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.
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within the first two months. Ends 30 June 2019.
19.99%
22.99%
$399
750+ recommended credit score
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
Get 5,000 bonus Scotia Rewards points with min. spend of $500 on eligible purchases within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
650+ recommended credit score
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.
Waived annual fee for the first year of membership. Ends 30 June 2019.
19.99%
22.99%
$0 annual fee for the first year ($79 thereafter)
650+ recommended credit score
Get up to 5% in GM Earnings upon initial spend of $10,000 in the first year and 2% subsequently.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
1.99% for the first 6 months (then 22.99%)
$65
Good, Excellent
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers a 7.99% introductory interest rate on all spend for the first 6 months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
650+ recommended credit score
Receive 1% cash back on payments made at petrol stations, supermarkets, pharmacies and recurring bill payments.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
1.99% for the first 6 months (then 22.99%)
$299
Good, Excellent
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get 15,000 bonus Scotia Rewards points with min. spend of $1,000 within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$99
650+ recommended credit score
Earn 4 Scotia Rewards points per $1 on the first $50,000 annual spend on eligible purchases.

Compare up to 4 providers

How balance transfer cards work and how best to use them

Air Miles Credit Cards

  • What are they? Otherwise known as frequent flyer credit cards, air miles credit cards help you earn frequent flyer points on everyday purchases, either directly or by transferring card reward points to your chosen airline loyalty program.
  • Who should consider air miles cards? Anyone who wants to maximize their frequent flyer points to enjoy free flights and other benefits.

How can I find the best air miles 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 frequent flyer program is available? Some credit cards are tied directly to a specific airline rewards scheme, such as West Jet. Others allow you to transfer credit card reward points to partner frequent flyer programs, such as the Star Alliance, which includes Air Canada for example.
  2. Compare the earn rate. The earn rate is the number of points you earn per $1 spent. Also, check whether there’s a cap on how many points 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 frequent flyer credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
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.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

How to maximise your frequent flyer points with your credit card

0% 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 holiday coming up or regularly use your credit card for shopping with international stores online, a no foreign transaction fee card could be a smart way to avoid extra costs.

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. Currently, the annual fees for these cards sit between $0 and $150.
  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. The insurance covers and eligibility requirements differ across cards, so comparing options will help you 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 ATM overseas.

Compare no foreign transaction fee credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Get 30,000 bonus Scotia Rewards points with min. spend of $1,000 in the first 3 months. Ends June 30, 2019.
19.99%
22.99%
$139
Earn 2 Scotia Rewards points per $1 spent on eligible purchases. Plus, an extra 10,000 points with a min. annual spend of $40,000 on your card.

Compare up to 4 providers

Choosing frequent flyer credit cards with no 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 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 and experiences. Make sure the rewards available are of interest to you.
  2. Compare point earnings and caps. Check how many points 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. Check the other features of the card, such as complimentary insurances or balance transfer offers, as well as rates and fees.

Compare rewards credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Get 15,000 bonus Scotia Rewards points with min. spend of $1,000 within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$99
Earn 4 Scotia Rewards points per $1 on the first $50,000 annual spend on eligible purchases.
Earn 2,500 points with minimum spend of $500 for each billing period. Up to 30,000 bonus points in your first year.
19.99%
22.99%
$120
Earn 5x points per $1 spent on eligible dining transactions, 2x points on travel and 1 point on all other spend.
Get 30,000 bonus Scotia Rewards points with min. spend of $1,000 in the first 3 months. Ends June 30, 2019.
19.99%
22.99%
$139
Earn 2 Scotia Rewards points per $1 spent on eligible purchases. Plus, an extra 10,000 points with a min. annual spend of $40,000 on your card.
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Get 5,000 bonus Scotia Rewards points with min. spend of $500 on eligible purchases within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.
Receive 5% cashback (up to $300 cashback) in the first six months.
19.99%
22.99%
$99
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Get 10% cash back on purchases with min. spend of $2,000 in the first three months. Ends 30 June 2019.

19.99%
22.99%
$0 annual fee for the first year ($99 thereafter)
Save with no annual fee for the first year.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 50,000 bonus Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$120
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 2 points per dollar on other spend.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$150
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 3 points for every dollar spent on eligible gas, dining and travel.
Receive 25,000 bonus Membership Rewards points when you spend $1,500 within the first three months of membership.
N/A
N/A
$150
Earn 2 points for every dollar you spend on eligible travel and purchases and 1 point for every dollar you spend elsewhere.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
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.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Offers a 7.99% introductory interest rate on all spend for the first 6 months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
Receive 1% cash back on payments made at petrol stations, supermarkets, pharmacies and recurring bill payments.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Waived annual fee for the first year of membership. Ends 30 June 2019.
19.99%
22.99%
$0 annual fee for the first year ($79 thereafter)
Get up to 5% in GM Earnings upon initial spend of $10,000 in the first year and 2% subsequently.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Get 2,500 bonus SCENE points with min. spend of $500 in the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases.
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within the first two months. Ends 30 June 2019.
19.99%
22.99%
$399
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
Receive 5,000 bonus Scotia Rewards points upon first eligible purchase within the first 2 months. Ends 30 June 2019.
19.99%
22.99%
$110
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.
Offers a 2.99% introductory balance transfer rate for the first 6 months. Ends 30 June 2019.
19.99%
22.99%
$39
2% cash back on eligible gas stations, grocery and drug store purchases including recurring payments. T&C's apply.
Receive a 7.99% introductory interest rate on all spend for the first six months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
Get 1% cash back on payments made at gas stations, grocery stores and pharmacies, including recurring payments.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
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.
No available introductory offer.
17.99%
17.99%
$0
Get up to 5% in GM Earnings on your initial spend of $5,000 in the first year.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
19.95%
19.95%
$0
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends 31 July 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 something extra 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 be as high as $450 or sometimes higher. To maximize the value you get from one of these cards, make sure you will regularly use the features it offers.
  2. What are the rates and limits? The purchase rate may not be as competitive on these premium cards. But if you want a very high spending limit, this type of card could be suited to your needs.

Compare gold, platinum and black credit card offers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Get 15,000 bonus Scotia Rewards points with min. spend of $1,000 within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$99
Earn 4 Scotia Rewards points per $1 on the first $50,000 annual spend on eligible purchases.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 25,000 bonus Membership Rewards points when you spend $1,500 within the first three months of membership.
N/A
N/A
$150
Earn 2 points for every dollar you spend on eligible travel and purchases and 1 point for every dollar you spend elsewhere.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
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.
Receive 5,000 bonus Scotia Rewards points upon first eligible purchase within the first 2 months. Ends 30 June 2019.
19.99%
22.99%
$110
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.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
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.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within the first two months. Ends 30 June 2019.
19.99%
22.99%
$399
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.

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 the interest rates. The lower 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/membership fees for rewards programs. These can significantly increase the cost of the card.

Compare low rate credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers a 0.99% introductory interest rate on balance transfers with 0% transfer fee for the first 6 months. Ends 30 June 2019.
12.99%
12.99%
$29
Save on interest by consolidating your higher-rate balances and enjoy a low 12.99% purchase interest rate.

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 a low annual fee, often $0. That 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 make sure to check the interest rate and ensure that interest costs won’t outweigh the low-fee benefit.
  2. Combine with a balance transfer for more savings. If you have an existing credit card debt a balance transfer credit card can help you repay your debt with 0% interest. Remember you’ll still need to pay off the debt before the 0% interest period expires.

Compare low and no annual fee cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

Compare up to 4 providers

Choosing low and no annual fee cards

Student credit cards

  • What are they? Low-cost credit card options that are available for 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”, 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 are in college or university.
  2. Compare key features. Check what interest rate will apply to your purchases and whether or not you will be charged an annual fee. Also consider low foreign transaction fees if you plan to use the card overseas.

Compare student credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Get 2,500 bonus SCENE points with min. spend of $500 in the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases.
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
19.95%
19.95%
$0
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends 31 July 2019.

Compare up to 4 providers

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 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 sole traders, small-to-medium businesses and corporate entities 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 your business rewards points, offers complimentary insurances or one that helps you save on your business purchases. 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 annual fees.

Compare business credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$150
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 3 points for every dollar spent on eligible gas, dining and travel.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.

Compare up to 4 providers

Explore your business credit card options

Credit cards with contactless mobile payments

  • What are they? Most credit cards now offer tap-and-go payments at the 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 their 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. See the complete list of participating financial institutions here. 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 is 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. 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 cards and smartphones


What’s next?

Get more value from a credit card by comparing the latest offers and applying now. Or leave a question for us below if you want to know more!

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