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Best credit card in Canada by category for September 2023

Compare the best credit cards in Canada from low interest offers and travel rewards to premium perks and $0 fees.

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By

Chelsey Hurst

Reviewed by

Scott Birke

Updated

Fact checked

Which is the best credit card in Canada? The reality is that the best credit card for you will depend on your spending habits, the features and rewards you want and your credit rating.

In January 2023, Finder asked more than 1,850 Canadians about their financial plans in 2023 and 14% of these Canadians plan to open new credit card this year. To help you find your best credit card, we researched and analyzed over 150 Canadian credit cards from over 30 credit card issuers in Canada and we’ve chosen a best credit card in Canada pick for each major category.

Quick look: The best credit card in Canada by category

Methodology: How we chose the best credit cards in Canada

We’ve chosen the best credit cards in Canada based on the providers available through Finder. These cards are not representative of the entire market. Our top credit cards generally offer a high value of rewards points, miles or cash back, exclusive perks such as comprehensive travel insurance coverage, a signup bonus and many other benefits.

20 best credit cards in Canada by category

Best credit card welcome 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%
Cash Advance Rate 23.99% (21.99% for Quebec residents)
Balance transfer APR 23.99%
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 credit card for travel:
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
Annual fee
Up to 6x
Points
40,000
Points welcome offer
The Scotiabank Gold American Express Card won a Finder Credit Card Award for Best Travel Credit Card. 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. Enjoy peace of mind with a broad array of travel insurance options.
  • Bonus rewards. Earn up to 40,000 bonus Scene+ points in your first year (that's up to $650 towards travel). Apply by October 31, 2023. To qualify for the 40,000 bonus Scene+ points offer, earn 20,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn a 20,000 Scene+ point bonus when you spend at least $7,500 in purchases in your first year.
  • 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.
  • Earn rewards. Earn 6 Scene+ points for every $1 you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more, 5 Scene+ points per $1 spent on eligible grocery, dining and entertainment purchases, 3 Scene+ points per $1 spent on eligible gas, transportation and select streaming services, and 1 Scene+ point per $1 spent on eligible purchases elsewhere.
  • 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 $120
Purchase APR 20.99%
Cash Advance Rate 22.99%
Balance transfer APR 22.99%
Welcome offer Earn up to 40,000 bonus Scene+ points in your first year (that's up to $650 towards travel). Apply by October 31, 2023. To qualify for the 40,000 bonus Scene+ points offer, earn 20,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn a 20,000 Scene+ point bonus when you spend at least $7,500 in purchases in your first year.
Rewards Earn 6 Scene+ points for every $1 you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more, 5 Scene+ points per $1 spent on eligible grocery, dining and entertainment purchases, 3 Scene+ points per $1 spent on eligible gas, transportation and select streaming services, and 1 Scene+ point per $1 spent on eligible purchases elsewhere.

Best credit card for earning rewards:
American Express Cobalt Card

American Express Cobalt Card logo
Credit recommended (700-)
Apply now
on American Express's secure site
700
Min. credit score
$155.88
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 points for every dollar you spend on dining out plus 2 points for gas and transit purchases 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.
  • Welcome offer Earn up to 30,000 points in your first few months when you spend a certain amount of money.
  • Accelerated rewards Collect a higher return on rewards when you make dining, gas and transit purchases.
  • Comprehensive benefits Take advantage of benefits such as travel medical, flight and baggage delay insurance, car rental coverage and purchase protection.
  • Annual fee You'll have to pay $155.88 per year to maintain this card.
Annual Fee $155.88
Purchase APR 20.99%
Cash Advance Rate 21.99%
Balance transfer APR N/A
Welcome offer Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
Rewards Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery, 3x the points on eligible streaming subscriptions in Canada, 2x points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases, and earn 1 point for every $1 in Card purchases everywhere else.

Best credit card for no annual fee:
RBC Cash Back Mastercard

RBC Cash Back Mastercard logo
Credit recommended (650-)
Read review
650
Min. credit score
$0
Annual fee
Up to 2%
Cash back
n/a
Welcome offer
The RBC Cash Back Mastercard is a no-fuss card that allows you to earn cash back on everyday purchases. Get up to 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.. This card also lets you earn more rewards at Petro Canada and Rexall, and save at DoorDash.
  • Annual fee. This card has an annual fee of $0.
  • Earn rewards. Get up to 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
  • Earn more. By linking your card to Petro-Canada, you can save 3 cents per litre on fuel and earn 20% more Petro-Points. You will also get 50 Be Well points at Rexall for every $1 you spend and be able to redeem points faster with 25,000 Be Well points for $10. Plus, save at DoorDash with $0 delivery fees for 12 months and get unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card
  • Purchase protection. Purchase Security and Extended Warranty Insurance protects purchases made on your card against loss, theft or damage for up to 90 days, while also doubling the manufacturer's original Canadian warranty for up to 1 extra year..
  • Tiered earning. N/A
  • Currency conversion. This card has a foreign transaction fee of 2.5%.
Annual Fee $0
Purchase APR 20.99%
Cash Advance Rate 22.99%
Balance transfer APR 22.99%
Welcome offer N/A
Rewards Get up to 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
Disclaimer
Please note: All information about RBC Cash Back Mastercard has been collected independently by Finder and this card is not available through this site.

Best credit card 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
0.99% intro transfer APR
Up to 3x
Miles
With the BMO AIR MILES Mastercard is the winner of the 2021 Finder Credit Card Award in the Best Balance Transfer Credit Cards category. This card allows you to earn Air Miles while enjoying a $0 annual fee. Get 3x the Miles for every $25 spent at participating AIR MILES Partners, 2x the Miles for every $25 spent at any eligible grocery store, and 1 AIR MILE for every $25 spent elsewhere. Plus, the BMO AIR MILES Mastercard comes with an appealing balance transfer offer. Get a rate of 0.99% on balance transfers for 9 months. A 2% transfer fee will be charged for each transferred balance.
  • Balance transfer. Get a rate of 0.99% on balance transfers for 9 months. A 2% 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 Miles for every $25 spent at participating AIR MILES Partners, 2x the Miles for every $25 spent at any eligible grocery store, 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. Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations. Get 15% off admission to Cirque du Soleil shows touring Canada48, and 20% off resident shows in Las Vegas.
  • 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 2%.
Annual fee $0
Purchase APR 20.99%
Balance transfer APR 0.99% intro for the first 9 months (then 22.99% )
Balance transfer fee 2%
Rewards Get 3x the Miles for every $25 spent at participating AIR MILES Partners, 2x the Miles for every $25 spent at any eligible grocery store, and 1 AIR MILE for every $25 spent elsewhere.

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

Tangerine Money-Back Credit Card logo
Credit recommended (600-)
Apply now
on Tangerine's secure site
600
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 Tangerine credit card 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 Tangerine credit card 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%
Balance transfer APR 1.95% intro for the first 6 months (then 19.95% )
Balance transfer fee $5 or 3% of the transaction, whichever is greater
Rewards Earn 2% cash back in two Tangerine credit card 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 3 Miles for every $12 spent at participating AIR MILES Reward Partners, 2 Miles for every $12 spent at any eligible grocery store and 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 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. Use less Miles with an exclusive 25% discount on one worldwide AIR MILES flight redemption during the calendar year. Plus, get complimentary membership in Mastercard Travel Pass provided by DragonPass..
  • 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%
Cash Advance Rate 23.99% (21.99% for Quebec residents)
Balance transfer APR 23.99%
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 3 Miles for every $12 spent at participating AIR MILES Reward Partners, 2 Miles for every $12 spent at any eligible grocery store and 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 tops our our list of best Aeroplan credit cards in Canada. It's a premium Aeroplan rewards card that comes with lots of perks and accelerated rewards. Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x points on eligible dining and food delivery purchases in Canada and on eligible purchases with Rocky Mountaineer, and 1.25x points on everything else. Earn up to 90,000 welcome bonus Aeroplan points. That's a first year value of up to $2,700. 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 points on eligible dining and food delivery purchases in Canada and on eligible purchases with Rocky Mountaineer, and 1.25x 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. Plus, you could receive a Complimentary Hotel Room Category Upgrade, on the first and last night, and a Complimentary Upgrade from SilverLeaf to GoldLeaf class of service when you book directly with Rocky Mountaineer using your card.
  • Get bonus points. Earn up to 90,000 welcome bonus Aeroplan points. That's a first year value of up to $2,700.
  • 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 20.99%
Cash Advance Rate 21.99%
Balance transfer APR N/A
Welcome offer Earn up to 90,000 Aeroplan points. Earn 5,000 Aeroplan points for each Additional Aeroplan Reserve Card with an annual fee added to your account at time of application (up to a max. of 2 approved Additional Cards). Plus, earn 7,500 Aeroplan points for each monthly billing period in which you spend $2,000 in purchases for the first 6 months (that could add up to 45,000 points). You can also earn 35,000 Aeroplan points when you spend $6,000 in purchases between 13 and 16 months of cardmembership.
Rewards Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x points on eligible dining and food delivery purchases in Canada and on eligible purchases with Rocky Mountaineer, and 1.25x points on everything else.

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 card with a hefty annual fee of $699– but the benefits can far outweigh the costs. This card is one of the best credit cards in Canada for premium rewards and travel perks. 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 after you charge $7,500 in net purchases to your card in your first 3 months.
  • Rewards points. Earn 3 points for every $1 spent on eligible dining and food delivery in Canada, 2 points for every $1 spent on eligible travel, and 1 point for every $1 spent elsewhere..
  • 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 N/A
Cash Advance Rate N/A
Balance transfer APR N/A
Welcome offer Earn up to 80,000 Membership Rewards points after you charge $7,500 in net purchases to your card in your first 3 months.
Rewards Earn 3 points for every $1 spent on eligible dining and food delivery in Canada, 2 points for every $1 spent on eligible travel, and 1 point for every $1 spent elsewhere.

Best for no foreign transaction fees:
Scotiabank Passport Visa Infinite Card

Scotiabank Passport Visa Infinite Card logo
Credit recommended (750-)
Apply now
on Scotiabank's secure site
750
Min. credit score
$150 ongoing
Annual fee
Up to 3x
Points
35,000
Points welcome offer
In addition to no foreign transactions fees, the Scotiabank Passport Visa Infinite Card offers a sizeable welcome bonus along with a high rewards point earn rate. Earn up to 35,000 bonus Scene+ points and get the first year annual fee waived (that’s up to $1,100 in value in the first 12 months). Apply by October 31, 2023. Earn 25,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in purchases annually. This card also comes with a full suite of travel insurance, and other travel related perks including a complimentary Priority Pass membership plus 6 free visits per year to over 1,000 airport lounges around the world.
  • Rewards points. Earn 3 Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more, 2 Scene+ points points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scene+ point for every $1 spent elsewhere.
  • Bonus. Earn up to 35,000 bonus Scene+ points and get the first year annual fee waived (that’s up to $1,100 in value in the first 12 months). Apply by October 31, 2023.
  • Travel insurance. Get up to $1,000,000 in Emergency Medical Insurance. Plus, get trip cancellation, trip interruption and travel accident insurance for free when you charge at least 75% of your trip costs to your card. Benefits also include coverage for flight delays, rental car collision loss/damage, hotel/motel burglaries and delayed or lost baggage.
  • Car rental perks. Get up to 25% car rental discount + complimentary upgrades for Avis Preferred Plus members at participating Avis locations in Canada and the US. Plus get Rental Car Collision/Loss Damage Insurance coverage (up to $65,000).
  • Travel perks. Receive complimentary membership in the Visa Airport Companion Program plus 6 free visits per year to over 1,200 airport lounges around the world.
  • Annual fee. This card has an annual fee of $150.
  • Minimum income requirement. You'll need a minimum income of at least $60,000, or combined household income of $100,000, to qualify for this card.
Annual Fee $0 intro annual fee for the first year ($150 thereafter)
Purchase APR 20.99%
Cash Advance Rate 22.99%
Balance transfer APR 22.99%
Welcome offer Earn up to 35,000 bonus Scene+ points and get the first year annual fee waived (that’s up to $1,100 in value in the first 12 months). Apply by October 31, 2023. Earn 25,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in purchases annually.
Rewards Earn 3 Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more, 2 Scene+ points points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scene+ point for every $1 spent elsewhere.

Best overall cash back card:
BMO CashBack Mastercard

BMO CashBack Mastercard logo
Credit recommended (660-)
Apply now
on BMO's secure site
660
Min. credit score
$0
Annual fee
Up to 3%
Cash back
5% cash back
Welcome offer
The BMO CashBack Mastercard helps you earn rewards points fast, which is why it won the 2021 Finder Credit Card Award for Best Cash Back Credit Card. Earn cash back at a standard rate of 3% on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases. Get 5% cash back on all eligible purchases in the first three months (up to a maximum spend of $2,500).
All of these perks are available for a $0 annual fee.
  • Signup bonus. Get 5% cash back on all eligible purchases in the first three months (up to a maximum spend of $2,500).
  • Earn rewards. Earn cash back at a standard rate of 3% on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
  • Annual fee. This card has a $0 annual fee.
  • Car rental. Get up to a 25% discount at participating National Car Rental® and Alamo Rent A Car® locations..
  • Travel perks. Get 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas.
  • Purchase coverage. This card comes with extended warranty and purchase protection.
  • Currency conversion. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
  • No travel insurance. The BMO CashBack Mastercard doesn't come with travel insurance coverage like some of its competitors do.
Annual Fee $0
Purchase APR 20.99%
Cash Advance Rate 22.99%
Balance transfer APR 0.99% intro for the first 9 months (then 22.99% )
Welcome offer Get 5% cash back on all eligible purchases in the first three months (up to a maximum spend of $2,500).
Rewards Earn cash back at a standard rate of 3% on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.

Best for low interest:
HSBC +Rewards Mastercard

HSBC +Rewards Mastercard logo
Credit recommended (630-)
Read review
630
Min. credit score
$25 ongoing
Annual fee
Up to 2x
Points
35,000
Points welcome offer
The HSBC +Rewards Mastercard is the 2021 Finder Credit Card Award winner for Best Low Rate Credit Card. This is one of the few low interest credit cards in Canada that also comes with a rewards program. 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. Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Conditions apply. Apply by September 29, 2023.
  • Rewards points. 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.
  • Earn more. Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Conditions apply. Apply by September 29, 2023.
  • Complimentary insurance coverage. Price Protection Service: Find a lower price within 60 days of your purchase and the difference will be refunded (up to $500 per eligible item). Extended Warranty Insurance: The original manufacturer’s warranty on eligible items can be doubled by up to one additional year. Purchase Assurance: Get coverage for up to 90 days
    should items charged to your card get lost, damaged or stolen.
  • Low interest rate. The HSBC +Rewards Mastercard comes with a standard low interest rate of 11.9%.
  • Extended warranty. Double the original manufacturer’s warranty for up to one additional year.
  • 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%
Cash Advance Rate 11.9%
Balance transfer APR 11.9%
Welcome offer Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Conditions apply. Apply by September 29, 2023.
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 no credit check card for bad credit:
Neo Secured Mastercard

Neo Secured Mastercard logo
Credit recommended (600-)
Apply now
on Neo Financial's secure site
600
Min. credit score
$0
Annual fee

Purchase APR
From $50
Min. deposit
Build up your credit score and control your monthly spending with the Neo Secured Mastercard. With no annual fee, you can focus on rebuilding your credit score while getting access to a monthly credit limit between . This card also comes with a standard interest rate of .
  • No credit check. No credit check is required for approval of this secured credit card.
  • No annual fee. This secured card has no annual fee.
  • 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 $50 to a maximum of $10,000.
  • Penalty rate. If you don't pay your balance in full by the end of the month, you'll be charged a interest rate.
Annual fee $0
Purchase APR
Balance transfer APR N/A
Recommended minimum credit score 600

Best 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 2x
Points
5,000
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 2 Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more. Plus, earn 2 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 2 Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more. Plus, earn 2 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 5,000 Scene+ points when you spend $750 in the first 3 months. Apply by October 31, 2023.
  • 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%
Cash Advance Rate 22.99%
Balance transfer APR 22.99%
Welcome offer Earn 5,000 Scene+ points when you spend $750 in the first 3 months. Apply by October 31, 2023.
Rewards Earn 2 Scene+ points on every $1 you spend at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo and more. Plus, earn 2 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 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
Points
50,000
Points 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 Welcome Bonus points. Charge $1,500 in purchases to your card in your first three months.
  • Earn rewards. Earn 5 points per $1 spent at hotels participating in Marriott Bonvoy, and 2 points per $1 spent elsewhere..
  • Signup bonus. Earn 50,000 Welcome Bonus points. Charge $1,500 in purchases to your card in your first three months.
  • 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 24.99% - 26.99% Variable.
  • Currency conversion. When you spend overseas, you'll face a foreign transaction fee of 2.5%.
Annual Fee $120
Purchase APR 20.99%
Cash Advance Rate 21.99%
Balance transfer APR N/A
Welcome offer Earn 50,000 Welcome Bonus points. Charge $1,500 in purchases to your card in your first three months.
Rewards Earn 5 points per $1 spent at hotels participating in Marriott Bonvoy, and 2 points per $1 spent elsewhere.

Best student credit 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 $2,500, 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 $2,500, 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 20.99%
Cash Advance Rate 22.99% (21.99% for Quebec residents)
Balance transfer APR 22.99%
Welcome offer Get up to 5% cash back in the first three months (up to a maximum spend of $2,500, 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 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
$199
Annual fee
Up to 1x
Membership Rewards
110,000
Welcome offer
Although the American Express Business Gold Rewards Card has an annual fee of $199, 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. Earn 1 Membership Rewards point for every $1 spent on purchases.
  • Signup bonus. Earn up to 110,000 Membership Rewards points. Earn a Welcome Bonus of 70,000 points after spending $5,000 in purchases within the first 3 months. Plus, earn 10,000 bonus points when you charge $20,000 in net purchases to your card each calendar quarter (that's a total of 40,000 points a year).
  • Earn rewards.Earn 1 Membership Rewards point for every $1 spent on purchases..
  • 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. Access Travel Emergency Assistance, and up to $100,000 Travel Accident Insurance, Lost or Stolen Baggage Insurance, Flight Delay Insurance and Baggage Delay Insurance when you fully charge your tickets to your card. Plus, save money when travelling with complimentary Car Rental Theft and Damage Insurance.
  • Additional insurance benefits. Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection Plan. Plus, double the manufacturer’s original warranty up to 1 additional year with the Buyer’s Assurance Protection Plan.
  • 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.
  • Annual fee. This card has an annual fee of $199.
  • 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 $199
Purchase APR N/A
Cash Advance Rate N/A
Balance transfer APR N/A
Welcome offer Earn up to 110,000 Membership Rewards points. Earn a Welcome Bonus of 70,000 points after spending $5,000 in purchases within the first 3 months. Plus, earn 10,000 bonus points when you charge $20,000 in net purchases to your card each calendar quarter (that's a total of 40,000 points a year).
Rewards Earn 1 Membership Rewards point for every $1 spent on purchases.

Best Mastercard:
Tangerine World Mastercard

Tangerine World Mastercard logo
Credit recommended (600-)
Apply now
on Tangerine's secure site
600
Min. credit score
$0
Annual fee
Up to 2%
Cash back
10% cash back
Welcome offer
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 Tangerine credit card 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 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2023.
  • 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 Tangerine credit card 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 a Mastercard Travel Pass Provided by DragonPass. This complimentary membership gives you exclusive dining, retail and spa offers in over 650 airports worldwide, along with access to over 1,300 airport 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%
Cash Advance Rate 19.95%
Balance transfer APR 1.95% intro for the first 6 months (then 19.95% )
Welcome offer Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until October 31, 2023.
Rewards Earn unlimited 2% cash back in two Tangerine credit card 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 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 10%
Cash back
Fee rebate
Welcome offer
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2023. As one of the best credit cards in Canada, the Scotia Momentum Visa Infinite 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 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2023.
  • 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%
Cash Advance Rate 22.99%
Balance transfer APR 22.99%
Welcome offer Earn 10% cash back on all purchases for the first 3 months (up to $2,000 spend). Plus, pay no annual fee in the first year. Apply by October 31, 2023.
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 American Express 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
$155.88
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 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 5x the points on eligible eats and drinks in Canada, including groceries and food delivery, 3x the points on eligible streaming subscriptions in Canada, 2x points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases, and earn 1 point for every $1 in Card purchases everywhere else.
  • Signup bonus. Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
  • 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 $155.88 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 $155.88
Purchase APR 20.99%
Cash Advance Rate 21.99%
Balance transfer APR N/A
Welcome offer Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
Rewards Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery, 3x the points on eligible streaming subscriptions in Canada, 2x points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases, and earn 1 point for every $1 in Card purchases everywhere else.

Are Canadians getting new credit cards in 2023?

In our January 2023, survey Finder asked more than 1,850 Canadians about their financial plans in 2023 and the types of financial products they were planning to open this year. Around 1 in 7 Canadians (14%) said they planned to open a new credit card account, while 3% plan to open a prepaid credit card account. While men and women were equal in their intent to open a credit card account (14% and 14%, respectively), men were more interested in opening a prepaid credit card account (5%), compared to women (2%). Here are the other financial product accounts Canadians say they’re considering opening in 2023.

What is the best credit card in Canada for me?

To choose the best credit card in Canada for you, 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.

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. Check out our pick of the best credit card in Canada for balance transfers above.

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. You can see our pick of the best credit card in Canada for travel above.

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. See our top low interest rate card pick above in our list of the best credit cards in Canada.

Rewards credit cards

Rewards credit cards offer reward points (or rewards miles) 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. See our pick above for best credit card in Canada for earning rewards.

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. Check out our pick above for best credit card in Canada for premium benefits.

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. You can see our top no annual fee card pick in our list of the best credit cards in Canada above.

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. Check out our top pick above for the best credit card in Canada for for business.

When choosing the best credit card in Canada for your needs it can help to compare offerings from some of the most popular credit card providers in Canada. For a full list, here’s our of A-Z list of credit card providers in Canada.

Popular card provider
American Express logoAmerican ExpressAmerican Express has cards for all types of customers, including some of the best credit cards in Canada. It also offers its exclusive Experiences rewards program.Best Amex cards
BMO logoAs one of Canada’s Big Five banks, BMO has some of the best balance transfer and low rate credit card options, as well as a range of travel, cash back and rewards cards.Best BMO credit cards
Tangerine logoTangerine Bank is a subsidiary of Scotiabank offering popular cash back credit cards that typically come with sign-up bonuses and insurance coverage.Best Tangerine credit cards
CIBC logoOne of the Big Five banks, CIBC has a wide variety of credit card products, with rewards, cash back, student and business cards.Best CIBC credit cards
Scotiabank logoScotiabank is a Big Five bank that offers a suite of credit cards including travel, rewards, cash back, balance transfer and low rate cards.Best Scotiabnk credit cards
HSBC logoOne of the world’s largest banks, HSBC has an extensive credit card product range, with 24/7 customer service and global reward systems.Best HSBC credit cards
MBNA logoA subsidiary of TD, MBNA offers a wide range of credit cards including co-branded cards, rewards, travel, low rate, balance transfer and cash back cards.MBNA credit cards
PC Financial logoPresident’s Choice Bank powers the President’s Choice Financial Mastercard. Earn and redeem PC Optimum points at 4,500 locations across Canada including Shoppers Drug Mart and Loblaws.PC Financial credit cards
RBC logoRBC is the largest of the Big Five banks in Canada by market capitalization. RBC offers a range of credit cards including rewards, travel, cash back, balance transfer, no annual fee, business and low rate cards.Best RBC credit cards
TD logoTD Canada Trust is a Big Five bank offering a range of credit cards including travel, rewards, cash back, low rate and balance transfer cards.Best TD credit cards
Capital One logoCapital One offers competitive rewards cards and credit-builder cards for those looking to improve their credit score.Capital One cards

Best credit card in Canada FAQ

What features and perks should I consider when comparing the best credit cards in Canada?

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. To learn more about your rights as a credit card holder, consult this Federal Government of Canada “know your rights” guide.

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, and read more about our annual Finder Credit Card Awards here.

      1. Government of Canada – Choosing a credit card October 6 2022

      2. Government of Canada – Getting a credit card: know your rights Jan 4 2023

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