What is the most prestigious credit card?

Stand out from the crowd with one of Canada's most powerful credit cards offering exclusive rewards and experiences.

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From concierge services to flight upgrades and companion flights, the most prestigious credit cards in Canada offer exclusive opportunities. While the variety of prestigious cards in Canada isn’t as vast as those offered in other countries, there are still several cards on the market that can provide you with the status, exclusivity and metal design you’re looking for.

HSBC World Elite® Mastercard®

HSBC World Elite® Mastercard®

19.9 % APR

Purchase interest rate

Eligibility criteria, terms and conditions, fees and charges apply

HSBC World Elite® Mastercard®

Apply today and earn a signup bonus of up to 20,000 Points – a value of $100 in travel rewards.

  • Purchase interest rate: 19.9%
  • Cash advance rate: 22.9%
  • Annual fee: $149
  • Credit rating: 680+
  • Minimum age: Age of majority in province/territory of residence
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Compare prestigious credit cards in Canada

We’ve chosen the cards in the table below based on the providers available through Finder. These cards are not representative of the entire market. Our picks for prestigious cards offer a variety of powerful features including concierge services, travel insurance coverage, complimentary companion flights, access to upgrades, experiences, discounts and tickets, shopping protection and much more – and they’re easier to get than the invitation-only American Express Centurion Card.

No single prestigious card will be the best choice for everyone, so compare your options before picking your new card.

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
The Platinum Card from American Express
Earn 3 Membership Rewards points for every $1 spent on eligible dining in Canada, 2 Membership Rewards points for every $1 spent on eligible travel purchases as well as hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
As a new Platinum Cardmember, earn up to 60,000 Membership Rewards points in the fist six months. Earn a Welcome Bonus of 50,000 Membership Rewards points when you spend at least $3,000 on eligible purchases within the first three months. Receive an additional 10,000 Membership Rewards points after six months of cardmembership
HSBC World Elite® Mastercard®
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 a Welcome Bonus of 20,000 Points ($100 in travel rewards).
Scotiabank Platinum American Express Card
Earn 4 Scotia Rewards points per $1 spent at eligible gas stations, grocery stores, and on dining and entertainment purchases, and earn 1 Scotia Rewards point for every $1 spent elsewhere.
Receive a bonus of 30,000 Scotia Rewards points upon first eligible purchase made within the first two months. Apply by July 1, 2020.
American Express AeroplanPlus Platinum Card
Earn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
Business Platinum Card from American Express
Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
Earn a Welcome Bonus of 40,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months

Compare up to 4 providers

*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.

What’s the most prestigious credit card in the world?

The American Express Centurion tops Finder Canada’s list of the ten most exclusive credit cards in the world. The Centurion, also known as the Black Card, is generally considered to be the first, and most prestigious, invitation-only card in the world – and it’s been available in Canada since 2009. Named after the Manhattan credit card brand’s iconic centurion head logo, this card is traditionally made of titanium and issued by invitation-only to the wealthiest American Express Platinum cardholders.

The black card is so exclusive that none of this information is actually published on the company’s website. Rumour has it you have to spend US$250,000 a year (or likely the Canadian equivalent) on your Platinum Amex card before you’ll be eligible to receive an elusive invitation.

Features of prestigious credit cards

Depending on the credit card, the perks of prestigious cards may include the following:

  • Metal design. One of the most well-known features of the Centurion Card is that it’s made of titanium. Titanium or metal cards have become a status symbol in recent years and many of the most prestigious cards in the world offer metal versions. If you’re looking for a metal card but don’t want to wait for an invitation to apply for one of these exclusive cards, the metal Platinum Card from American Express has less stringent eligibility criteria and can be customised and engraved.
  • High spending limit. Since these cards are targeted toward high earners and big spenders, there’s likely going to be an extremely high credit limit. We’re talking $20,000 or higher.
  • Travel benefits. These prestigious cards are usually excellent travel companions, giving you access to premium airport lounges and clubs worldwide, complimentary companion airline tickets on select airlines, flight upgrades and extensive travel insurance coverage.
  • Hotel benefits. Some prestigious cards also offer hotel upgrades and free additional nights at participating hotel chains globally.
  • Rental cars and other driving perks. Limousines and luxury cars may be available for rental with your prestigious card. You can also expect extensive rental car insurance coverage.
  • Shopping benefits. You may have access to advance ticket sales to concerts and exclusive events, as well as VIP access to a range of experiences worldwide.
  • Concierge and valet services. Many prestigious cards offer concierge services, which includes getting you a table at the chicest booked-out restaurants, arranging your last-minute travel itinerary or arranging to have your car parked at a busy downtown restaurant.

What to look out for

  • Invitation-only. Some of the most exclusive credit cards are available by invitation only – which usually means you’ll have to spend a large amount of money each year on your current credit card to even be considered.
  • Annual fee. This fee will vary depending on the specific credit card. Expect to pay anywhere from $350 to $800 or more annually.
  • Strict eligibility criteria. While the eligibility criteria for prestigious cards can be ambiguous, the average household income in 2011 for American Express Centurion cardholders was $1.3 million with assets of $16.3 million. It’s also been rumoured that cardholders required a five-figure monthly spending bill per month to get the black card.

Eligibility requirements for prestigious cards

While it varies between different credit card providers, you can usually expect the following requirements:

  • Age. You will need to be at least 18 years of age or the age of majority in your province or territory.
  • Residency. You’ll need to be a Canadian citizen or a permanent resident with a valid Canadian address.
  • Credit score. Meet any minimum credit score requirements, which will likely mean having a good to excellent credit score of 650 or higher.
  • Income. These types of credit cards usually have minimum income requirements which may mean you’ll need to have an annual salary of $80,000 or higher.
  • Spend requirements. Prestige generally means you’re a big spender, so you may have to meet an annual spend requirement.

Bottom line

Credit cards can represent much more than just a payment option or a line of credit: your credit card can also be a visible symbol of status and distinction. However, for this type of prestige, there is often a hefty price tag in the form of a high annual fee.

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