Credit Card Fees

From annual fees to currency conversion costs, find out everything you need to know to avoid credit card fees in Canada and overseas.

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Credit cards have a wide range of features and benefits but also come with many different fees and charges. These costs can quickly add up and lead to serious credit card debt when they’re left unpaid.

The good news is that you can avoid most credit card fees if you’re aware of them. Below, we outline the most common credit card fees, how much they cost and what you can do to stop or minimize their impact on your finances.

Annual fees

Some credit cards charge an annual fee, which can cost as little as $39 or as much as $899. The more features and benefits a credit card offers, such as a rewards program, complimentary travel insurance and airport lounge access, the more likely it is to have a higher annual fee. Annual fees usually start when you first activate a card, and are then charged annually for every year you have the card. Some cards also waive this fee in the first year, so be sure to check the ongoing rates and fees before you apply.

How to avoid it: If you take advantage of credit card perks, you could find that the value they offer outweighs the cost of the annual fee. Otherwise, you should consider a card that offers a lower fee, waives the annual fee for the first year, or even charges no annual fee for the life of the card.

How Alex avoided annual fees

Alex currently pays an annual fee of $199 for her platinum rewards credit card. While she earns 1 point per $1 spent on the card, she only spends about $12,000 per year on the card. This is just enough points to get a $100 gift card, which means Alex is paying $99 more for the card than what she gets from the benefits.

By switching to a no annual fee rewards credit card, Alex can save $199 on the annual fee and still get rewards – although the earn rate may not be as high per $1 spent.

Compare no annual fee credit cards

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
Scotiabank SCENE Visa Card
19.99%
22.99%
$0
$12,000
Earn 5 SCENE points per $1 spent at participating Cineplex theatres or cineplex.com, and earn 1 SCENE point per $1 spent on eligible purchases elsewhere.
Earn 2,500 bonus SCENE points when you spend a minimum of $500 on eligible purchases in the first three months. Apply by July 1, 2020.
Scotia Momentum No-Fee Visa Card
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
$12,000
Get 1% cash back on all eligible gas station, grocery store and drug store purchases and recurring bill payments, and get 0.5% cash back on all other eligible purchases.
Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by July 1, 2020.
BMO AIR MILES Mastercard
19.99%
22.99%
$0
$15,000
Get 2 AIR MILES for every $20 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere.
Earn up to 800 AIR MILES Bonus Miles. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
BMO Rewards Mastercard
19.99%
22.99%
$0
$15,000
Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations.
Earn a bonus of up to 20,000 BMO Rewards points. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
Tangerine Money-Back Credit Card
19.95%
19.95%
$0
$12,000
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Interest charges

Credit cards charge interest when you carry a balance from month to month. The amount you pay is based on a percentage of your balance. This percentage is represented by an annual rate, such as 19.99% APR, but is calculated daily and charged monthly. Depending on your card, you could have any – or all – of the following interest rates applied to your balance:

  • Purchase rate. This is the interest rate charged for new purchases made on the card and is usually anywhere from 8.99% APR to 24.99% APR (variable).
  • Cash advance rate. This is the interest rate applied for cash advance transactions, such as ATM withdrawals, gambling transactions and loading gift cards or prepaid cards. It is usually between 19.99% APR and 24.99% APR (variable).
  • Balance transfer rate. This is the interest rate applied to any balance you have moved from an old card to the current card. If you get a balance transfer credit card, you will usually pay a low or 0% promotional rate for the introductory period. Standard balance transfer rates (after the intro period ends) are usually based on the card’s purchase rate or cash advance rate and can be as high as 24.99% APR (variable).
  • Promotional interest rate. This interest rate welcome offer is usually offered to new cardholders for a set period of time, such as the first 6 months of being a cardholder. If you’re looking at getting a card with a promotional interest rate for purchases or balance transfers, make sure you also check the standard interest rate that’s applied once the promotional rate ends.

How to avoid it: If you pay your balance in full by the due date on your statement, you won’t be charged interest. If you do carry a balance, aim to pay more than the minimum each month or choose a card that has a low ongoing interest rate to help you keep costs down – at least in the short term.

Bryan's interest savings

Bryan has a credit card with a $5,000 balance and an interest rate of 19.99% APR (variable). If he only makes minimum payments on this card, he will be charged around $955 in interest for the year.

If Bryan switches to a card that offers a low ongoing interest rate of 12.99% APR, he could save around $354 in interest over the course of the year. He could save even more money by making larger repayments. He would also be able to avoid interest charges completely if he transferred the debt to a 0% balance transfer card and paid it off before the end of the introductory period.

Compare promotional purchase rate credit card offers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
Scotia Momentum No-Fee Visa Card
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
$12,000
Get 1% cash back on all eligible gas station, grocery store and drug store purchases and recurring bill payments, and get 0.5% cash back on all other eligible purchases.
Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by July 1, 2020.
Scotia Momentum  Mastercard Credit Card
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
$0
$12,000
Get 1% cash back on all eligible gas station, grocery store and drug store purchases and recurring bill payments, and get 0.5% cash back on all other eligible purchases.
Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by July 1, 2020.
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Balance transfer fees

Some balance transfer credit cards charge a fee for moving your existing debt from a current card to the new account. Referred to as a balance transfer fee, this fee will be charged as soon as you transfer a balance and will usually be added to the principal amount of the debt you transferred. It won’t accrue interest until the introductory period expires. Balance transfer fees are usually between 1% and 3% of the total debt you move, which quickly adds up if you have thousands of dollars of debt.

How to avoid it: Compare balance transfer credit cards and look for options that don’t charge a balance transfer fee at all. The balance transfer fee should be listed in the “Fees” section for any card you consider, as well as in the Product Disclosure Statement, and will also likely be listed on the credit card provider’s website in the footnotes for the specific card.

Move your debt and save like Miranda

Miranda has seen a balance transfer credit card that offers 0% interest for 6 months and charges a 2.5% balance transfer fee. She has $6,000 of debt she wants to move, but would have $150 for the transfer fee added to her balance if she got this new credit card. Instead of applying, Miranda compares a range of balance transfer options and finds a different card that doesn’t charge a balance transfer fee. This means she can transfer her debt, save money on the process and pay off her debt faster.

Compare balance transfer credit cards

Name Product Purchase Interest Rate Balance Transfer Rate Annual Fee Minimum Income Reward Description
BMO Preferred Rate Mastercard
12.99%
3.99% for the first 9 months (then 12.99%)
$20
$15,000
Take advantage of an introductory balance transfer offer, annual fee waiver in the first year, and low purchase and cash advance interest rates.
Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
12.99%
0.99% for the first 6 months (then 12.99%)
$29
$12,000
Save on interest for 6 months by consolidating your higher-rate balances with the balance transfer offer, and get an on-going 12.99% interest rate on purchases, cash advances and balance transfers.
Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by July 1, 2020.
No-Fee Scotiabank Value Visa Card
16.99%
3.99% for the first 6 months (then 16.99%)
$0
$12,000
Save with a low interest rate, no annual fee and a balance transfer offer.
Get a 3.99% introductory interest rate on balance transfers with a 0% balance transfer fee for the first 6 months. Apply by July 1, 2020.
Tangerine World Mastercard
19.95%
1.95% for the first 6 months (then 19.95%)
$0
$60,000
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
Tangerine Money-Back Credit Card
19.95%
1.95% for the first 6 months (then 19.95%)
$0
$12,000
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Foreign transaction fees

Most credit and debit cards apply a foreign transaction fee when you use your card overseas or when you shop online with an international merchant. This charge is typically 2.5% of the total transaction amount.

How to avoid it: Look for a credit card that doesn’t apply a foreign transaction fee. You could also consider using cash, traveller’s cheques, a prepaid travel card, or a combination of all. This can help reduce the fees you pay when you’re overseas or shopping online.

How Jai saved on foreign transaction fees on vacation

Jai has just got back from a trip to Brazil, where he spent $3,000 on his credit card. He checks his statement and sees that a 2.5% foreign transaction fee was applied each time he used the card, adding $75 to his total bill. While Jai has to pay the fees this time, he decides to shop around for a card with no foreign transaction fees so that he saves money on all his future trips.

Compare no foreign transaction fee credit cards

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
HSBC World Elite® Mastercard®
19.9%
22.9%
$0 annual fee for the first year ($149 thereafter)
$80,000
Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
Earn up to 60,000 Points ($300 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
Scotiabank Passport  Visa Infinite Card
19.99%
22.99%
$139
$60,000
Earn 2 Scotia Rewards points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere.
Earn up to a total bonus of 40,000 Scotia Rewards points (up to a $400 travel value) in your first year. Earn 30,000 Bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases within the first three months. Apply by July 1, 2020. Plus, earn 10,000 Bonus Scotia Rewards points each year when you spend at least $40,000 annually on eligible purchases (and earn 2,000 Bonus Scotia Rewards points for every additional $10,000 in purchases thereafter).
BMO U.S. Dollar Mastercard
19.99%
22.99%
$35 USD
$15,000
Receive an annual fee rebate with a minimum yearly spend of US$1,000. Plus, spend in US Dollars with no exchange rate surprises.
When your purchases total US$1,000 or more in a year, the next year's annual fee (US$35) is rebated to your card.
Scotiabank Gold American Express Card
19.99%
22.99%
$120
$12,000
Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.
Earn 20,000 bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases in the first 3 months. Apply by July 1, 2020.
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Currency conversion fees

A currency conversion fee can apply when you use your credit card with an international merchant. If you’re travelling overseas and a merchant asks whether you’d like to pay in the local currency or in Canadian dollars, selecting Canadian dollars would result in a dynamic currency conversion (DCC). Not only can you be charged a fee, you will also face an unfavourable exchange rate – and possibly a double exchange rate.

How to avoid it: If an overseas merchant asks if you’d like to be charged in the local currency or in Canadian dollars, always choose the local currency. Yes, it’s a simple as that to avoid currency conversion fees.

Compare credit card foreign currency conversion fees

Name Product Foreign Currency Conversion Fee Purchase Interest Rate Annual Fee Reward
HSBC World Elite® Mastercard®
0%
19.9%
$0 annual fee for the first year ($149 thereafter)
Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
Earn up to 60,000 Points ($300 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
Scotiabank Passport  Visa Infinite Card
0%
19.99%
$139
Earn 2 Scotia Rewards points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere.
Earn up to a total bonus of 40,000 Scotia Rewards points (up to a $400 travel value) in your first year. Earn 30,000 Bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases within the first three months. Apply by July 1, 2020. Plus, earn 10,000 Bonus Scotia Rewards points each year when you spend at least $40,000 annually on eligible purchases (and earn 2,000 Bonus Scotia Rewards points for every additional $10,000 in purchases thereafter).
Scotiabank Gold American Express Card
0%
19.99%
$120
Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.
Earn 20,000 bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases in the first 3 months. Apply by July 1, 2020.
American Express Cobalt Card
2.5%
19.99%
$120
Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, and earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases, and earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply
Earn up to 40,000 Membership Rewards points. In the first year, earn 2,500 Membership Rewards points for each billing period when you charge at least $500 in eligible purchases to your card (for a total earn of up to 30,000 Membership Rewards). Plus, earn up to 10,000 Membership Rewards points when you spend a total of $3,000 in purchases in your first three months
BMO World Elite Mastercard
2.5%
19.99%
$0 annual fee for the first year ($150 thereafter)
Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and get 2 BMO Rewards points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend).
Earn a bonus of up to 35,000 BMO Rewards points with a minimum spend of $3,000 on eligible purchases in the first three months of card membership ($250 travel value to be used towards a flight booked through bmorewards.com). Plus, get the $150 annual fee waived in the first year.
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Cash advance fees

This fee is charged for “cash advance” transactions, including when you withdraw money from an ATM, buy foreign currency or pay with plastic whilst gambling. In these instances, you’ll typically be charged around $3.50 to $5 for each transaction. Aside from a cash advance fee, you’ll also be charged the cash advance interest rate from the day the transaction is made – there is typically no interest-free period with a cash advance transaction.

How to avoid it: Don’t use your credit card to withdraw cash from an ATM and avoid using it to buy foreign currency or pay for transactions in a casino. Also, check with your credit card provider about other transactions where this fee applies and steer clear of them. If you need to get cash at any time, use a debit card.

Valentina's cash advance mistake

Valentina has run out of cash at a music festival. She isn’t sure of the balance of her chequings account, so she withdraws $1,000 using her credit card. When she gets her next statement, she sees she has been charged a $3.50 fee plus the cash advance interest rate of 21.99% APR, which has been charged for 20 days, totalling $12. This means Valentina has paid $15.50 for using her credit card to withdraw cash once. In the future, she decides to keep more cash on hand and make sure she has some available in her chequings account so she can use her debit card to avoid these fees.

Compare credit card cash advance rates

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
American Express Cobalt Card
19.99%
22.99%
$120
N/A
Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, and earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases, and earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply
Earn up to 40,000 Membership Rewards points. In the first year, earn 2,500 Membership Rewards points for each billing period when you charge at least $500 in eligible purchases to your card (for a total earn of up to 30,000 Membership Rewards). Plus, earn up to 10,000 Membership Rewards points when you spend a total of $3,000 in purchases in your first three months
BMO World Elite Mastercard
19.99%
22.99%
$0 annual fee for the first year ($150 thereafter)
$80,000
Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and get 2 BMO Rewards points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend).
Earn a bonus of up to 35,000 BMO Rewards points with a minimum spend of $3,000 on eligible purchases in the first three months of card membership ($250 travel value to be used towards a flight booked through bmorewards.com). Plus, get the $150 annual fee waived in the first year.
HSBC +Rewards™ Mastercard®
11.9%
11.9%
$0 annual fee for the first year ($25 thereafter)
N/A
Earn 2 Points for every $1 spent on eligible dining or entertainment purchases.
Earn 10,000 Points ($50 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
Scotiabank Passport  Visa Infinite Card
19.99%
22.99%
$139
$60,000
Earn 2 Scotia Rewards points for every $1 spent on eligible grocery store, dining, entertainment and daily transit purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere.
Earn up to a total bonus of 40,000 Scotia Rewards points (up to a $400 travel value) in your first year. Earn 30,000 Bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases within the first three months. Apply by July 1, 2020. Plus, earn 10,000 Bonus Scotia Rewards points each year when you spend at least $40,000 annually on eligible purchases (and earn 2,000 Bonus Scotia Rewards points for every additional $10,000 in purchases thereafter).
HSBC World Elite® Mastercard®
19.9%
22.9%
$0 annual fee for the first year ($149 thereafter)
$80,000
Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
Earn up to 60,000 Points ($300 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
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*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Late payment fees

If you don’t make a payment on your credit card by the due date on your statement, you could be charged a late payment fee. Sitting around $25 to $35, or an interest rate increase of around 5%, this fee is usually applied straight away, while some providers will not apply a late fee unless they have to contact you to make a payment. Note that even if a late fee is not charged, other penalties could apply and it may affect your credit history.

How to avoid it: Always make payments before the due date on your statement, and make sure you factor in processing times for the payment method you choose. You may even want to set up an automatic payment from your transaction account so that you always meet the deadline. It’s also a good idea to check your credit card Product Disclosure Statement for terms and conditions around late payments so that you know exactly how much you will pay and what else could apply if you accidentally miss a payment.

Overlimit fees

You could be charged an “overlimit fee” if you max out your credit card in a statement period. Not all credit card companies apply this charge, but if they do, it could be anywhere from $25 to $35.

How to avoid it: Regularly check your credit card balance so that you know what your available credit limit is. If you often get close to going over the limit, you may also want to consider requesting a credit limit increase, or make a habit of paying down your balance more than once a month.

Learn more about late and overlimit fees

Rewards program fees

While it’s quite rare, some rewards credit cards may charge an annual fee for their rewards program. For example, if you don’t own a Gold or Platinum American Express card, you’ll need to enrol yearly into the Amex Membership Rewards program for a cost of $50.

How to avoid it: Carefully read the terms and conditions of any rewards program you’re considering. If a fee is charged, make sure the value of the card will outweigh this cost (and the annual fee). You may also want to consider a rewards program that doesn’t charge a fee.

How Antony got the most out of his rewards credit card

Antony has a standard American Express card. He pays an extra $50 per year for the Membership Rewards program, along with an annual fee of $99. He decides to switch to an Amex Gold card, which has an annual fee of $120 and no Membership Rewards fee. This saves him $29 a year, while also giving him the opportunity to earn just as many points and reap more benefits from a more powerful card.

Compare rewards credit cards

Name Product Bonus Points Rewards Program Purchase Interest Rate Cash Advance Rate Annual Fee Rewards with this card Description
American Express Cobalt Card
40,000
Membership Rewards
19.99%
22.99%
$120
Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services. Earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases. Earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply.
Earn up to 40,000 Membership Rewards points. In the first year, earn 2,500 Membership Rewards points for each billing period when you charge at least $500 in eligible purchases to your card (for a total earn of up to 30,000 Membership Rewards). Plus, earn up to 10,000 Membership Rewards points when you spend a total of $3,000 in purchases in your first three months
Scotiabank Gold American Express Card
20,000
Scotia Rewards
19.99%
22.99%
$120
Earn 5 Scotia Rewards points per $1 spent on eligible grocery, dining and entertainment purchases, 3 points per $1 spent on eligible gas, transportation and select streaming services, and 1 point per $1 spent on eligible purchases elsewhere.
Earn 20,000 bonus Scotia Rewards points when you spend at least $1,000 on eligible purchases in the first 3 months. Apply by July 1, 2020.
The Platinum Card from American Express
60,000
Membership Rewards
N/A
N/A
$699