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The Best Credit Cards in Canada Posted on April 14, 2020
Last Updated: June 2, 2020

 

Rewards Canada is known for starting the top credit card ranking trend in Canada when we launched our first Top Travel Rewards Credit Card rankings in 2009. Since that time we continued with annual travel card rankings and added in cash back rankings. Now we add in one more ranking - the best cards in Canada for different types of categories Unlike our other rankings where we list first to fifth place this feature only displays the top card for each type of credit card category. From best overall to best low interest to best hotel card and many others in between, you'll find the best of each here. With nearly 20 years of research experience in the loyalty and credit card space you can count on Rewards Canada to give you the most un-biased straight forward rankings. Unlike other websites and blogs we don't just cover cards we earn commissions on - we take them all into account as we have done since our inception in 2001. Do some cards earn us a commission? Yes! Do all of them? No. They all get equal consideration.

Note that at time of publishing this we are in the middle of the COVID-19 Pandemic so we list the four most relevant categories first. The first four categories of the Best Overall, the Best Low Interest, the Best No FX fee and the Best Quick Access Cash Back cards are really the ones to look at if you want to help out your cash flow and finances through these difficult times.

The card to get in June 2020

The card to get in June is the HSBC World Elite Mastercard. Why get this card now? The reason why is that come July its welcome bonus may not be as good as it is now. The current welcome bonus offer for the HSBC World Elite® Mastercard® is one of the top 5 best welcome offers in Canada right now. The bonus is up to 60,000 HSBC Rewards Points with no annual fee in the first year which translates to $300 that you can use towards any travel. You even have the option to redeem your points for statement credits to help lower your balance! And that's only the sign up bonus another big feature of the card is no foreign transaction fees which means any online shopping you do from the U.S. will be 2.5% cheaper than most other Canadian credit cards. Add on the option to convert points to British Airways, Cathay Pacific and Singapore Airlines and you can see why this card is keeper! You have to apply by June 29 to get in on this offer!


HSBC World Elite® Mastercard®

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Why is this card the best?

The welcome bonus of 60,000 HSBC Rewards poiunts coupled with no annual fee in the first year provides $300 in travel value

No foreign transaction fees which saves you a typical 2.5% over other credit cards when making purchases in US$ or other currencies

The ability to use points for any travel and the option to transfer to British Airways, Cathay Pacific and Singapore Airlines

Extra benefits like a $100 annual travel credit and strong insurance coverage including 31 day out of province medical insurance.

 


HSBC World Elite® Mastercard®
HSBC World Elite® Mastercard®
Primary Cardholder Annual Fee: A Full Annual Fee Rebate For The Primary Cardholder For The First Year ($149). Terms Apply. Authorized User Annual Fee: $50 Per Card
Annual interest rate: 19.9% on purchases and 22.9% on funds advances
$80,000 personal or $150,000 household annual income

Earn up to 60,000 Points ($300 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year. Must apply by June 29, 2020. Conditions Apply. This offer is only available to residents of Canada other than the province of Quebec
• With the HSBC World Elite Mastercard you earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1)
• No foreign transaction fees. Only the exchange rate will apply
• Enjoy maximum flexibility and redeem your Points on your terms for:

• Travel
• Gift cards and valuable merchandise
• Financial rewards
• Rewards for miles

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The Best Overall Credit Card in Canada

We kick of the Best Credit Cards in Canada with the best Overall Credit Card. That card is the American Express Cobalt Card. For several years now it has been ranked as our number one overall travel rewards card but it is even a great cash back card. That's why we rank it the best overall card in Canada. It broke records when it was launched in 2017 by offering 5x points on eats and drinks - no other card had done that before. And by eats and drinks it means restaurants, fast food, grocery stores, convenience stores, bars and yes food and grocery delivery services. With all this not only is this card the best overall card in Canada but it is the best card to have in our current world with the Covid-19 Pandemic. The reason why is that you earn lots of points on eats and drinks - that is most of what Canadians are only spending money on now and it gives you easy access to redeem those points. For example, say you apply for the card and receive it on a Monday and activate it. Then on Tuesday you order $50 worth of food via Skip the Dishes and on Wednesday you get $150 of groceries delivered from Loblaws (via Instacart since they take Amex even though Loblaws doesn't) for $200 in spending at 5x points. By the next Monday you'll have had 1,000 points post to your account and you can redeem them right away for $7 $10* off any one of those purchases you had already made. a 3.5% cash back return that you don't have to wait to redeem for at the end of the month or the end of the year. It is the ultimate credit card to help preserve your cash flow by allowing to redeem at that cash back rate when you want or need to.
* American Express has launched a limited time promotion as of April 17 where you can redeem 1,000 points for $10 instead of $7!!


American Express Cobalt™ Card

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Why is this card the best?

Provides the utmost in rewards flexibility with a trio of travel redemption options and redeem for any purchase made on the card (ie cash back)

Earns 5x Points per dollar on Eats & Drinks - including food delivery services like Skip the Dishes and Instacart
Hint: Use Instacart to bypass Loblaws, Real Canadian Superstore, and other Loblaw family of stores non-acceptance of American Express

Provides a 1% to 10% or higher rate of return when redeeming for travel

Provides a 0.7% to 3.5% 1% to 5%* rate of return when redeeming for any purchase on the card outside of travel (your cash back option)
* American Express has launched a limited time promotion as of April 17 where you can redeem 1,000 points for $10 instead of $7!!

Redeem your points at anytime for virtually any purchase starting at only 1,000 points (or as little as $200 in spending)

Convert points to Marriott Bonvoy which can then be converted to Air Canada Aeroplan, United MileagePlus and over 40 other airlines


American Express Cobalt™ Card

American Express Cobalt™ Card
• In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year
• 30,000 points is enough for: • An eligible short-haul flight using the Fixed Points Travel Program, or
• $300 in statement credits redeemed towards travel purchases charged to your Card or
• $300 worth of tickets on Ticketmaster.ca
• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery
• Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That's 2X the points on purchases that get you from point A to B
• Earn 1 point for every $1 in Card purchases everywhere else. We won't tell you where to spend, we'll just reward you on your Card purchases
• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
• Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Apply Now


Check out our American Express Cobalt Card Resources to learn more about this amazing card


The Best Low Interest Credit Card in Canada

Another major category to pay attention to in our current market situation is if you are needing to run a balance on your credit card(s). If you are and that card is a reward card with high interest rates you may need to look at a lower interest card. This is especially the case if you feel like it will take you more than two or three months to pay off that balance. In these cases the best low interest card in our market is the MBNA True Line Mastercard. It has two low interest components to it - a standard low interest rate that you have all the time with the card of 12.99%, which is 6 to 9% lower than most cards but it also has a promotional 0% interest rate for balance transfers. This is where you can move your balances off your higher interest cards and save on your interest. The 0% rate is good for 10 months on any balances you transfer over in the first 90 days of having the card. They will charge you a 3% fee for the transfer but the savings on interest will more than make up for it.


MBNA True Line® Mastercard® credit card

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Why is this card the best?

Standard annual interest rate of 12.99% on purchases and balance transfers

0% promotional annual interest rate for 10 months on balance transfers

No annual fee


MBNA True Line® Mastercard® credit card

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MBNA True Line® Mastercard® credit card

• Standard Annual Interest Rates of 12.99% on purchases, 12.99% on balance transfers✪and access cheques, and 24.99% on cash advances
• No annual fee
• You could get a 0% promotional annual interest rate (“AIR”)† for 10 months on balance transfers✪ completed within 90 days of account opening, with a fee of 3% of the amount advanced (minimum fee of $7.50).
• Around-the-clock fraud protection
• Access to 24/7 customer service
• Immediate cash access at over 1 million ATMs internationally

This offer is not available for residents of Quebec. For residents of Quebec, please click here.

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Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the Apply Now button.


† Promotional Rates:
Balance Transfers: 0% This Promotional Rate applies to any balance transfers made within 90 days of your account opening (each, an “eligible transaction”) and will remain in effect for 10 Statement Periods from the transaction date of each eligible transaction. The Promotional Rate will increase and the remaining balance of the eligible transaction will become subject to the Standard Rate for balance transfers either: (1) on the first day of the first Statement Period that occurs after the expiry of the Promotional Rate; or (2) on the first day of the second Statement Period following any late Minimum Payment.

Standard Rates:
Purchases: 12.99%
Balance transfers and access cheques: 12.99%
Cash advances: 24.99%

Default Rates:
If your Minimum Payment is late twice within any [12] consecutive Statement Periods (the "change event"), the Standard Rate(s) that apply to your account at that time will increase to the following new Standard Rate(s):
Purchases: 19.99%
Balance transfers and access cheques: 21.99%
Cash advances: 24.99%

The new Standard Rate(s) will apply on the first day of the second Statement Period following the change event. If you then pay each Minimum Payment on time for [12] consecutive Statement Periods ("cure period"), the new Standard Rate(s) will decrease to the Standard Rate(s) that applied on your account at the time of the change event. Such rates will apply on the first day of the first Statement Period that occurs after the cure period.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 3.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.


The Best No Foreign Transaction Fee Credit Card in Canada

Again, with our current market situation the world of online shopping has exploded - not that it hadn't before but with so many more people staying at home they are utilizing more online shops. It those online purchases are from non-Canadian retailers charging you in US$, GBP or any other currency you are more than likely incurring a 2 to 3% foreign transaction fee that is charged by your credit card company. There are a few cards in Canada however that do not charge this No Foreign Transaction fee and the best of the best is the Scotiabank Passport Visa Infinite Card. And then once we are allowed to travel again this card provides some really strong travel rewards and benefits you can make use of.



Scotiabank Passport Visa Infinite Card

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* denotes the card only pays out the cash back once annually

Why is this card the best?

No Foreign Transaction fees on purchases made in any non-Canadian currency

Earn 2 points per dollar spent at grocery stores, dining, entertainment and more

Provides a 1% to 2% rate of return when redeeming for travel

Redeem your points at anytime for virtually any purchase starting at only 3,000 points

Provides a free Priority Pass airport lounge membership with 6 free lounge visits per year (US$291 per year value)


Scotiabank Passport Visa Infinite Card
Scotiabank Passport Visa Infinite card
Annual Fee: $139 Additional Cards: $0 for first card $50 for each additional
Minimum Income $60,000

• Earn up to 40,000 bonus Scotia Rewards points in your first year (that’s up to $400 towards travel )‡
• Earn 2x Scotia Rewards® points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more)
• Enjoy no FX Mark-up
• Enjoy Complimentary Airport Lounge Access, plus 6 free lounge visits per year

• Rates, fees and other information are effective as of May 1, 2020. Subject to change.

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The Best Quick Access Cash Back Credit Card in Canada

Technically speakinng this could be the American Express Cobalt Card however we look at overall cash back value and a card that is not an Amex card. By quick access we mean where you can get your cash back quicker than your traditional cash back cards that only provide your cash back reward once per year. Right now the best Quick Access Cash Back Credit Card is the TD Cash Back Visa Infinite Card. It has a strong welcome offer but more importantly lets you redeem when you reach $25 in cash back rewards. For most Canadians that could be once or twice per month if you spend quite a bit on groceries and recurring bills.


TD Cash Back Visa Infinite* Card

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* denotes the ability to redeem your cash back when you like typically when you reach a small minimum set amount

Why is this card the best?

10% cash back on all purchases for the first 3 months along with no annual fees on the primary and 1st additional card in the first year

3% cash back on grocery purchases, gas purchases and recurring bill payments

Redeem whenever you like as long as your cash back rewards balance hits $25

Added benefits like Emergency Road Services and Travel Medical Insurance

 


TD Cash Back Visa Infinite* Card
TD Cash Back Visa Infinite* Card
No Annual Fee for the 1st Year1 during this promotional window then $120 Additional Cards: $0 for subsequent Additional Cardholders then $502
Annual interest rate 20.99% on purchases and 22.99% on funds advances
$60,000 personal or $100,000 household annual income

• Limited Time Offer! Earn 10% Cash Back on all Purchases for the first 3 months1 up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary Cardholder and Additional Cardholders2. Conditions apply. Must apply by September 8, 2020.
This offer is not available for residents of Quebec. For Quebec residents, please click here
• Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases3, and on regularly recurring bill payments4 set up on your Account
• Earn 1% in Cash Back Dollars on all other Purchases made with your Card5
• Redeem your Cash Back Dollars to help pay down your Account balance whenever you please (minimum amount of $25) - the choice is yours!6
• Your Cash Back Dollars never expire as long as your account is open and in good standing.
• Emergency Road Services with the Deluxe TD Auto Club Membership7
• Travel with confidence with Travel Medical Insurance8
• Complimentary Visa Infinite® Concierge service9 available 24/7

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Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this TD credit card, please click on the Apply Now button.

1 Welcome Bonus: Must apply September 8, 2020. Welcome Bonus of 10% in Cash Back Dollars ("Welcome Bonus Rebate") applies to new TD Cash Back Visa Infinite* Accounts ("Account") in the first 3 months of Account opening ("First 3 Months") to a maximum total collective spend of $2000 ("Welcome Bonus Cap") on all purchases charged to your TD Cash Back Credit Card Account ("Account"), and recurring bill payments set up on your Account ("Pre-Authorized Payments"). Rebate of the Annual Fee is only for the first year for the Primary Cardholder and the 1st Additional Cardholder added to the Account. To receive the 1st Additional Cardholder Annual Fee Rebate you must add your first Additional Cardholder by September 9, 2020. Rebate will be applied within 2 monthly statements from the date of the statement with the first Annual Fee charge. The Primary Cardholder is responsible for all charges to the Account, including those made by any Additional Cardholder. Any returned items, refunds, rebates or other similar credits on any Purchases or Pre-Authorized Payment made during the First 3 Months will reduce or cancel the Cash Back Dollars earned at the Welcome Bonus Rebate on the original Purchase or Pre-Authorized Payment, as applicable. Welcome Bonus Cap: Once the Welcome Bonus Cap is reached, any further Purchases and Pre-Authorized Payments made in the First 3 Months will earn Cash Back Dollars at the regular accelerated 3% rebate that applies to each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments as set out in your Cardholder Agreement ("Accelerated Rebate"). Applicability of Welcome Bonus Rebate: Welcome Bonus Rebate is in place of, and not in addition to, the Accelerated Rebate. $15,000 Cap on each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments: After the First 3 Months, the Accelerated Rebate will apply to all Gas Purchases, Grocery Purchases and Pre-Authorized Payments charged to your Account up to a $15,000 maximum net annual spend ("$15,000 Cap") for each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments. Once the $15,000 Cap is reached for any of Gas Purchases, Grocery Purchases or Pre-Authorized Payments, then any further Gas Purchases, Grocery Purchases and Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for each of Gas Purchases, Grocery Purchases and Pre-Authorized Payments will be reduced by the actual corresponding amount of Gas Purchases, Grocery Purchases and Pre-Authorized Payments made in the First 3 Months. For example, if you spend $2,000 in Gas Purchases in the First 3 Months, the $15,000 Cap for Gas Purchases will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Merchant Category Codes: To earn the Welcome Bonus Rebate on Gas Purchases and Grocery Purchases, the Gas Purchase or Grocery Purchase must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Welcome Bonus Rebate. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Welcome Bonus may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated. This offer is not available customers who have activated and/or closed a TD Cash Back Visa Infinite* Account in the last 12 months.
2 Primary Cardholder remains liable for all charges to the Account, including those made by any Additional Cardholder. Maximum of 3 Additional Cardholders on the Account.
3 Earn 3% in Cash Back Dollars ("Gas Rebate") for each $1.00 in Purchases of gas or gas station services or products ("Gas Purchases") charged to your TD Cash Back Credit Card Account ("Account") and earn 3% in Cash Back Dollars ("Grocery Rebate") for each $1.00 in Purchases of groceries or grocery items ("Grocery Purchases") charged to your Account. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Gas Purchase or Grocery Purchase, as applicable. $15,000 Cap: Each of the Gas Rebate and the Grocery Rebate is only available to a $15,000 maximum net annual spend ("$15,000 Cap"). Once the $15,000 Cap has been reached for either Gas Purchases or Grocery Purchases, then any further Gas Purchases and Grocery Purchases made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of Gas Rebate and Grocery Rebate: Each of the Gas Rebate and the Grocery Rebate is in place of, and not in addition to, the Standard Rebate. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for each of Gas Purchases and Grocery Purchases will be reduced by the actual corresponding amount of Gas Purchases and Grocery Purchases made in the first 3 months of Account opening ("First 3 Months") that are subject to the Welcome Bonus in Cash Back Dollars. For example, if you spend $2,000 in Gas Purchases in the First 3 Months, the $15,000 Cap for Gas Purchases will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Merchant Category Codes: To earn the Gas Rebate and/or Grocery Rebate, the Gas Purchases and/or Grocery Purchases must be made at merchants classified through the Visa network with a Merchant Category Code ("MCC") that identifies them in the "gas" or "grocery" category. Some merchants may sell gas or gas station services or products, or groceries or grocery items, or have separate merchants located on their premises that also sell gas or gas station services or products, or groceries or grocery items, but may not be classified with a gas or grocery MCC and such Purchases will not earn the Gas Rebate or Grocery Rebate, as applicable. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.
4 Earn 3% in Cash Back Dollars ("PAP Rebate") on each $1.00 in payments made on a monthly or other regularly recurring basis for merchant bills, including insurance premiums, magazine/newspaper/online streaming subscriptions, membership fees and telecommunication fees, that are set up by the merchant with your consent to be automatically charged to your TD Cash Back Credit Card Account ("Account") and that are classified through the Visa network as "recurring payments" ("Pre-Authorized Payments"). You must confirm with your merchant if they can accept Pre-Authorized Payments. Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Pre-Authorized Payment. $15,000 Cap: The PAP Rebate is only available to a $15,000 maximum net annual spend ("$15,000 Cap"). Once the $15,000 Cap has been reached, then any further Pre-Authorized Payments made on the Account will only earn Cash Back Dollars at the standard rebate of 1% that applies to all other Purchases on the Account as set out in your Cardholder Agreement ("Standard Rebate"). Applicability of PAP Rebate: The PAP Rebate is in place of, and not in addition to, the Standard Rebate. First Year Reduction of $15,000 Cap: During the first year that the Account is open, the $15,000 Cap for Pre-Authorized Payments will be reduced by the actual corresponding amount of Pre-Authorized Payments made in the first 3 months of Account opening ("First 3 Months") that are subject to the Welcome Bonus in Cash Back Dollars. For example, if you set up $2,000 in Pre-Authorized Payments in the First 3 Months, the $15,000 Cap for Pre-Authorized Payments will be reduced by $2,000 to $13,000 for the remaining 9 months of the first year the Account is open. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer.
5 Earn 1% in Cash Back Dollars ("Standard Rebate") on each $1.00 for all other Purchases ("Other Purchases") charged to your TD Cash Back Credit Card Account ("Account"). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Cash Back Dollars earned on the original Other Purchase. Other Conditions: Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer. 6 Account must be open and in good standing to earn and redeem Cash Back Dollars. Redemptions of Cash Back Dollars at any time on request must be for a minimum amount of $25. Where Cash Back Dollars are redeemed on an annual basis, the annual earnings period will start from when the Card is used to make Purchases until the Account’s January billing cycle of the following year, after which time the annual earnings period will continue each year from the Account’s January billing cycle to the January billing cycle of the following year. Cash Back Dollars will continue to accrue until redemption instructions are provided. There is no maximum annual amount of Cash Back Dollars that can be earned. For complete details on how to redeem Cash Back Dollars, please see the “TD Cash Back Program Terms and Conditions” section of the TD Cash Back Visa Infinite Cardholder Agreement available at www.tdcanadatrust.com/products-services/banking/credit-cards/agreements.jsp
7 TD Auto Club is provided by AXA Assistance Canada Inc. The Toronto-Dominion Bank and its affiliates accept no responsibility in respect of these services.
8 Underwritten by TD Life Insurance Company. Medical and claims assistance, claims payment and administrative services are provided by our Administrator. Benefits, features and coverages are subject to conditions, limitations and exclusions, including a pre-existing condition exclusion, that are fully described in the Certificate of Insurance included with your TD Credit Cardholder Agreement. The day of departure from and the day of return to your province or territory of residence each count as one full day. 10-day coverage if you're under 65 and 4-day coverage if you're 65 or older. Note that this insurance offers different benefits, with different terms and conditions, than the optional Travel Medical Insurance that may be medically underwritten and is available to all TD customers, which you may be eligible to top-up with.
9 The goods and services Cardholders request or otherwise choose to obtain through the Visa Infinite Concierge Service are provided by various third-party service providers unrelated to Visa. Visa does not endorse, review or qualify these service providers. Visa makes no representations or warranties (either express or implied) about and assumes, no responsibility or liability for these service providers or the goods and services that may be obtained through the Visa Infinite Concierge. Neither Visa nor the Issuer is responsible for any claims or damages arising from use of any benefits or services provided by a third party. Visa cannot guarantee the successful fulfillment of Cardholders’ requests in all instances. There is no fee for the Concierge’s services; however, Cardholders are responsible for the cost of any goods or services (including any related fees or costs) authorized by the Cardholder and purchased by the Visa Infinite Concierge on the Cardholder’s behalf. All costs will be charged directly to the Cardholder’s Visa Infinite card.
Trademark of Visa International Service Association and used under license. Coin image© 2017 Royal Canadian Mint. All rights reserved.


The Best Long Term Cash Back Credit Card in Canada

This category looks at credit cards that only award your cash back once per year but the trade off is that you can usually earn a slightly higher cash back rate and generally get a better welcome bonus. The card that provides this is also ranked the number one cash back card in Canada in our Cash Back rankings and that card is the SimplyCash Preferred Cash Back card. It has an amazing welcome bonus offer and the best standard cash back earn rate in the country.


SimplyCash™ Preferred Card from American Express


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* denotes tthat your cash back reward is only awarded once per year

Why is this card the best?

5% cash back on all purchases for the first 6 months (up to $300 cash back)

2% cash back on all purchases

Strong insurance package and additional American Express benefits

 


SimplyCash™ Preferred Card from American Express
SimplyCash™ Preferred Card from American Express
Card Type: Credit   
Annual Fee: $99 Additional Card Fee: $0
Annual interest rate 19.99% on purchases and 21.99% on funds advances; Missed payment applicable rates, 23.99% and/or 26.99%

• New SimplyCash™ Preferred Card from American Express Cardmembers can earn 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months of Cardmembership
• Earn 2.0% cash back when your Welcome Rate ends
• No limit to the amount of cash back you can earn after your Welcome Rate ends
• Access to memorable experiences with American Express Invites®
• Extensive insurance coverage and 24/7 Customer Service
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply

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The Best No Annual Fee Card in Canada

The Canadian credit card market has no shortage of no annual fee cards and most provide a very similar level of rewards and benefits. The best of them in our mind is the MBNA Rewards Platinum Plus Mastercard as it provides a nice welcome bonus along with a really good points earning structure for a no fee card. The points can be redeemed for travel at a rate of 100 points for $1 (a 1% to 4% return depending on your spending) or 200 points for $1 as cash back (a 0.5% to 2% return depending on your spending)


MBNA Rewards Platinum Plus® Mastercard®


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Why is this card the best?

Up to 10,000 points as your welcome bonus

Up to a 4% return on your spending

 


MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Platinum Plus® Mastercard®

• 4 points†† for every $1 spent on eligible gas, groceries and restaurant purchases during the first 90 days, and 2 points‡ for every $1 spent on eligible gas, groceries and restaurant purchases thereafter ($5,000 annual cap on each category). 1 point‡ for every $1 spent on all other eligible purchases
• 5,000 bonus points†† after you make $500 or more in eligible purchases within the first 90 days of your account opening
• 5,000 bonus points†† once enrolled for paperless e-statements within the first 90 days of account opening
• Redeem points‡ for travel, cash back, brand-name merchandise, gift cards from participating retailers, and charitable donations
• Standard Annual Interest Rates of 19.99% on purchases, 22.99% on balance transfers✪ and access cheques, and 24.99% on cash advances
• No annual fee
• This offer is not available for residents of Quebec.  For residents of Quebec, please click here.


Apply Now

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the Apply Now button.


‡ These are highlights of the credit card rewards program (the " Program ") associated with this credit card account. Points will be awarded on eligible transactions charged to your account as set out in the Program terms and conditions. You will earn two (2) points per dollar spent on eligible gas, grocery and restaurant purchases to a maximum annual amount of $5,000 in each category. Eligible purchases that are not eligible gas, grocery and restaurant purchases will earn a Base Earn Rate of one (1) point per dollar. The redemption rate for Points earned may differ depending on the redemption option chosen. Complete terms and conditions describing Program eligibility, accrual, earn limits, and redemption of Points, and other important conditions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt.

†† To qualify for this offer, an applicant must be approved for the specific credit card account described in the offer. Welcome bonus of 5,000 points will be awarded if $500 in eligible Purchases are made on your Account within the first 90 days of account opening that are not subsequently rescinded, the subject of a charge back request(s) or otherwise disputed. In order to obtain a "Paperless Bonus" of 5,000 bonus points, you must enroll in online banking at www.mbna.ca and consent to Paperless Statements for the account within the first 90 days of account opening, and not subsequently rescind such enrollment throughout this period. For the double the points on gas, grocery and restaurant Purchases offer, for the first 90 days after account opening you will earn an additional 2 points/$1 spent on eligible gas, grocery and restaurant purchases (on top of the regular earn rate of 2 points/$1 spent on such purchases as indicated in the Program terms and conditions), subject to a maximum annual cap of $5,000 in each category. Please allow 8-10 weeks for the applicable bonus points to be posted to your points account. Limit one-time bonus point offer (no cash value) per new account for each bonus point offer. This offer is not available to residents of Quebec. This promotion is offered by MBNA and may be amended or cancelled at any time without notice.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00 % OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.


The Best Small Business Card in Canada

Storming onto the market in late 2019 the American Express Business Edge Card quickly took the honours of the best small business card in Canada. A strong sign up bonus and mid-level annual fee on the primary card only (up to 99 supplementary cards are free) are just the start of why this card is so good. Now add in the earn rate of 3 points per dollar on eats & drinks, office supplies & electronics and rides & transit and the card just gets better. Then you have have the power of the Membership Rewards program on the redemption side where 1,000 points = $10 towards any purchase or you can utilize Amex' Fixed Points travel program to score huge value when travelling and the list goes on!


American Express Business Edge™ Card 


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Why is this card the best?

The welcome bonus of 30,000 points coupled with mid level annual fee is a huge benefit to this card

The earn rate of 3 points per dolla on eats & drinks, office supplies & electronics and rides & transit

1,000 bonus points for each month you spend $3,000 or more on the card - for the life of the card!

Valuable redemption options via the Membership Rewards Select program including the ability to convert to Marriott Bonvoy

 


American Express Business Edge™ Card 
American Express Business Edge™ Card 
• Earn up to 42,000 Membership Rewards® bonus points in your first year of Cardmembership
• Earn 30,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership
• You can earn an extra 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card. This could add up to 12,000 extra points in a year
• You can earn 3 times the points for Card purchases on eligible business essentials including office supplies & electronics, rides & gas, eats & drinks. Caps and other conditions may apply.
• You can earn 1 times the points on all other purchases charged to the Card
• Get choice and flexibility by using points for purchases or redeeming them for a wide range of travel, dining, entertainment and retail rewards options
• Make the most of a suite of business management tools that give you more control over your business anytime and anywhere
• Leverage your cash flow with the option of carrying a balance or paying in full each month
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply


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The Best Mastercard to use at Costco Canada

You would think Capital One's Mastercard that is exclusively for Costco members would be the best Mastercard for Costco purchases that's not the case! That card only earns 1% cash back at Costco where other cards can earn more. Your best bet is the Rogers World Elite Mastercard as it provides a 1.5% return, great benefits and costs you nothing as it has no annual fee. Note that we are basing this on the upcoming changes coming to the card on June 2, 2020. Until then the card actually earns more!


Rogers World Elite Mastercard

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* denotes the ability to redeem your cash back when you like typically when you reach a small minimum set amount

Why is this card the best?

$25 cash back welcome bonus after your first purchase

1.5% cash back return on all purchases

Strong World Elite Mastercard benefits

Redeem your cash back for any purchase as soon as your rewards balance hits $20

 


Rogers World Elite Mastercard
Rogers World Elite Mastercard
· Earn $25 Cash Back Reward when you make your first purchase on this card
· Annual Fee: $0
· Earn 4% in on all eligible foreign currency purchases, 2% on Rogers purchases and 1.75% on all other eligible purchases
· Extended Warranty and Purchase Protection, Rental Car Collision/Damage, Out-of-Province/Out-of-Country Emergency Medical, Trip Interruption and Trip Cancellation.
· Complimentary membership in Mastercard Airport Experiences provided by LoungeKey
· Interest Rate: Purchases 19.9% Cash Advances 21.5%
· Minimum Income: $80,000 Personal or $150,000 Household

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The Best AIR MILES Credit Card in Canada

One of Canada's largest and most popular loyalty programs AIR MILES has quite a few credit cards to choose from. The best one of the bunch is the American Express® AIR MILES* Platinum Credit Card as it has amazing earning potential. It is the only card in the market that earns 1 AIR MILES Reward Mile for every $5 spend in the select categories of food and drinks as well as gas and transit. All other spending earns 1 AIR MILES Reward Miles for every $10 spent - that's the rate earned on the next best AIR MILES card the BMO AIR MILES World Elite Mastercard. Add in a welcome bonus of 2,000 miles, an annual travel redemption benefit that saves you 25% on an AIR MILES award flight (up to 750 miles in total discount) and you see why this card is the best AIR MILES credit card in Canada.


American Express® AIR MILES* Platinum Credit Card


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Why is this card the best?

A strong welcome bonus of 2,000 AIR MILES which is worth more than $200

The best earn rate of any AIR MILES credit card with 1 mile earned for every $5 on eligible food & drinks and gas & transit

Annual travel redemption benefit that gives you back 25% of the miles used for a flight as a bonus - up to a max of 750 bonus miles

 


American Express® AIR MILES®* Platinum Credit Card
American Express®  AIR MILES* Platinum Credit Card
Card Type: Credit   
Annual Fee: $120 Additional Card Fee: $50
Annual interest rate 20.99% on purchases and 21.99% on funds advances; Missed payment applicable rates, 23.99% and/or 26.99%

• New American Express® AIR MILES®* Platinum Credit Card Cardmembers, earn a Welcome Bonus of 2,000 AIR MILES®* Reward Miles when you charge a total of $1,500 in purchases to your Card within your first three months of Cardmembership. That's enough for a select flight.
• Earn 1 Mile for every $5 in Card purchases, up to $30,000 annually, on eligible food & drinks, (such as eligible restaurants, coffee shops and stand-alone grocery stores), and eligible gas & transit (such as local commuter transportation including ridesharing services and taxi) in Canada.
• Earn 1 Mile for every $10 in Card purchases everywhere else.
• American Express® AIR MILES®* Platinum Credit Card Cardmembers can take advantage of the Annual Travel Redemption Benefit. Once per calendar year, when an eligible Cardmember uses Dream Miles with the AIR MILES Reward Program to book their first single flight or package vacation through airmiles.ca or vacations.airmiles.ca, they can get Bonus Miles equivalent to 25% of the net number of Miles used (up to a maximum of 750 Bonus Miles).
• Shop at participating AIR MILES®* Partners®* across Canada with your Card and show your AIR MILES®* Card, and you can earn Miles twice
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply

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The Best Hotel Card in Canada

Several years ago we had upwards of six credit card choices for hotel loyalty programs but that has now dwindled down to two. Unfortunately most Canadians haven't caught on to hotel programs and the value they can provide. The best hotel credit card in Canada is the Marriott Bonvoy American Express card and it can provide huge value. Marriott Bonvoy points have a minimum redemption value of about a penny each and with this card earning no less than 2 points per dollar that translates to a 2% return - at a minimum. There are many cases where the value is much higher depending on which hotel you redeem for. Another good thing about a hotel credit card is that if there 2 or 3 or 4 of travelling you only need to earn enough points for one redemption - ie one hotel room - compare this to trying to earn enough points to redeem for 2 to 4 flights. Hotel programs, especially Marriott Bonvoy is hidden gem in the travel world.


Marriott Bonvoy™ American Express® Card


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Why is this card the best?

The welcome bonus of 50,000 Marriott Bonvoy points is one of the highest in terms of value in Canada

You earn a free night award each year on your card's anniversary date

Automatic Marriott Bonvoy Silver Elite status and 15 night credit towards status

You can convert Marriott Bonvoy points to over 40 airline programs including Air Canada Aeroplan

The card has one of the best everday best earn rates of 2 points per dollar which we value as a 2% return at a minimum

 


Marriott Bonvoy™ American Express® Card
Marriott Bonvoy™ American Express® Card
Card Type: Credit   
Annual Fee: $120 Additional Card Fee: $0
Annual interest rate 19.99% on purchases and 21.99% on funds advances; Missed payment applicable rates, 23.99% and/or 26.99%

• New Marriott Bonvoy™* American Express® Cardmembers earn 50,000 Marriott Bonvoy™ points enough for 3 free nights at a Category 2 hotel after you charge $1,500 in purchases to your Card in your first three months of Cardmembership.* subject to change at any time
• Earn 5 points for every dollar in eligible Card purchases at participating Marriott Bonvoy™* properties
• Earn 2 points for every $1 in all other Card purchases
• Receive an Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary
• No annual fee on Additional Cards
• Redeem points for free nights with no blackout dates at over 7,000 of the world’s most desired hotels
• Automatic Marriott Bonvoy Silver Elite status membership
• Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy™ American Express&reg Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program
• Enjoy an automatic upgrade to Marriott Bonvoy Gold Elite status when you reach $30,000 in purchases on the Card each year
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply

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The Best Air Canada Aeroplan Card in Canada

One of Canada's oldest, largest and best known loyalty programs has a lot of credit cards partnered with it. The question is which one is the best Air Canada Aeroplan card at this point in time. Right now that's the TD Aeroplan Visa Infinite Card thanks to its sign up bonus and first year annual fee rebates. If it didn't have that it wouldn't be in this spot, the American Express Gold Rewards card would be as it actually earns more miles per dollar spent but has a lower sign up bonus and an annual fee attached to it.


TD® Aeroplan® Visa Infinite* Card

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Why is this card the best?

The welcome bonus of 15,000 Aeroplan Miles coupled with no annual fee in the first year provides huge value

Aeroplan Miles are very valuable when redeeming for business class and first class flights

A strong earn rate is offered on this card of 1 to 1.5 Aeroplan Miles per dollar spent

Extra benefits like lounge access and priority check in/boarding are offered on Aeroplan award tickets

 


TD® Aeroplan® Visa Infinite* Card

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TD® Aeroplan® Visa Infinite* Card
Annual Fee $120 Additional Cards: $502
Annual interest rate 19.99% on purchases and 22.99% on funds advances
$60,000 personal or $100,000 household annual income

• Limited time offer! Earn 15,000 Bonus Aeroplan Miles (equivalent to 1 economy short-haul roundtrip flight reward)1 when you make your first purchase with your card. Plus, first year no Annual Fee for the Primary Cardholder and 1st Additional Cardholder1. Conditions Apply. Must apply by September 8, 2020.
This offer is not available for residents of Quebec. For Quebec residents, please click here.

• Earn Aeroplan Miles with every Purchase made on your Card and arrive at your dream destination sooner
• Enjoy Air Canada® benefits while travelling3

When travelling on Aeroplan flight rewards operated by Air Canada:
• One annual One-Time Guest Pass to the Maple Leaf Lounge3
• First checked bag free3
• Priority Check-in3
• Priority Boarding3

• Take advantage of an extensive suite of travel insurance

• Earn 1.5 miles4 for every $1 spent on eligible grocery, gas, drugstore and aircanada.com purchases (excluding Air Canada Vacation packages) made with the Card (capped annually on the first $80,000 across these categories)
• Earn 1 mile5 for every $1 spent on all other purchases made with the Card
• Earn miles twice6 when you pay with your Card and present your Aeroplan Membership Number at participating partner brands and online retailers via the Aeroplan eStore
• Your Aeroplan Miles don’t expire as long as you’re a TD Aeroplan Credit Cardholder

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Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this TD credit card, please click on the Apply Now button.

The Aeroplan Program is a coalition loyalty marketing program owned and operated by Aeroplan Inc. Visit aeroplan.com for complete terms and conditions of the Aeroplan Program.
The Toronto-Dominion Bank and its affiliates are not responsible for the Aeroplan Program.
1 Must apply by September 8, 2020. Welcome Bonus of 15,000 Aeroplan Miles will be awarded to the Aeroplan Member account associated with the TD Aeroplan Visa Infinite* Card Account only after the first Purchase is made on the Account. Rebate of the Annual Fee is only for the first year for the Primary Cardholder and the 1st Additional Cardholder added to the Account. To receive the 1st Additional Cardholder Annual Fee Rebate you must add your first Additional Cardholder by September 9, 2020. Annual Fee Rebate will be applied within 2 monthly statements from the date of the statement with the first Annual Fee charge. The Annual Fee for any subsequent Additional Cardholders added to the Account continues to apply. The Primary Cardholder is responsible for all charges to the Account, including those made by any Additional Cardholder. Other conditions apply. If you have opened an Account in the last 6 months, you will not be eligible for this offer. We reserve the right to limit the number of Accounts opened by and the number of miles awarded to any one person. Offers may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise specified. Your Account must be in good standing at the time the Welcome Bonus Aeroplan Miles are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the Welcome Bonus Aeroplan Miles to be credited to your Aeroplan Member account. The number of Aeroplan Miles required for the destination is accurate as of June 1, 2020 and is subject to change at any time by Aeroplan Inc. According to Aeroplan's current reward chart, destinations reflect one short-haul Fixed Mileage Flight Reward® in Economy Class departing from within Canada or the continental US (plus applicable fees and taxes). Fixed Mileage Flight Reward availability is capacity controlled and is subject to availability at time of booking as well as seasonality of demand. Aeroplan Flight Rewards are subject to taxes, landing and departure fees, and other charges and surcharges may apply. Aeroplan Partners, rules and regulations are subject to change without notice. For full details on Aeroplan's current reward chart, please visit aeroplan.com.
2 Primary Cardholder remains liable for all charges to the Account, including those made by any Additional Cardholder.
3 All Air Canada benefits are fulfilled in whole or in part by Air Canada, or its designated affiliates or other third parties, and are subject to change at any time. The Toronto-Dominion Bank and its affiliates are not responsible for fulfilling these benefits. For more details about these benefits, please contact Air Canada directly. Air Canada Benefit Eligibility – Priority Travel Services: With the TD Aeroplan Visa Infinite Card, Air Canada benefits (the complimentary first checked bag, priority check-in and priority boarding) apply whenever the Primary Cardholder travels using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access these benefits, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards® or Market Fare Flight Rewards®) with miles from their Aeroplan account. To access these benefits, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. Where zonal boarding is available, the priority boarding status will be recognized by a Zone 2 descriptor for the Primary Cardholder and companions travelling on the same reservation checking-in at the same time, which will be displayed on the Air Canada issued boarding pass. Priority check-in may also be extended to companions travelling on the same reservation checking-in at the same time as the Primary Cardholder. To access priority check-in and priority boarding, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite Card to the Air Canada agent. Please allow two weeks from receiving your Card for these Air Canada benefits to be activated. The complimentary first checked bag, up to 23kg (50 lb), applies whenever the Primary Cardholder travels using an Aeroplan flight reward, only, on a flight operated by Air Canada, Air Canada Rouge or under the Air Canada Express banner. Flights operated by other airlines are not eligible. To access this benefit, the Primary Cardholder must redeem their Aeroplan flight reward (defined as Fixed Mileage Flight Rewards or Market Fare Flight Rewards) with miles from their Aeroplan account. To access this benefit, the Primary Cardholder must also ensure that the name on the Air Canada flight booking is identical to the name on the Aeroplan account profile of the traveler. The complimentary first checked bag applies solely to the Primary Cardholder, and service charges for additional/oversized/overweight baggage may apply. Applicable on flights that do not already offer a complimentary first checked bag. To access this benefit, the Primary Cardholder may be required to show their TD Aeroplan Visa Infinite * Card to the Air Canada agent. Please allow two (2) weeks from receiving your Card for these Air Canada benefits to be activated.
4 1.5 Bonus Aeroplan Miles (“Bonus Rate") are earned on each $1.00 in Purchases of eligible gas, groceries, drugstore, and aircanada.com products and services (excluding Air Canada Vacations packages, car rentals, hotel bookings, and other third party partner products and services that can be purchased through aircanada.com) charged to your TD Aeroplan Visa Infinite Card Account (“Account”). Any returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned on the original Purchase. To earn this Bonus Rate, Purchases of gas, groceries, drugstore and aircanada.com products and services must be made at merchants classified through the Visa network with a Merchant Category Code (“MCC”) that identifies them in the "gas", "grocery" or "drugstore" category and on aircanada.com. Some merchants may sell gas, groceries or drugstore products/services, or have separate merchants located on their premises that also sell gas, groceries or drugstore products/services, but may not be classified with a gas, grocery or drugstore MCC and such Purchases will not earn this Bonus Rate. If you have questions about the MCC that applies to a Purchase, contact TD at 1-800-983-8472. Bonus Rate is only available on the first $80,000 in net annual Purchases of gas, groceries, drugstore products/services and on aircanada.com made from January 1 to December 31 each year on your Account. Once the maximum net annual amount has been reached, Purchases of gas, groceries or drugstore products/services on the Account will not earn the Bonus Rate but will only earn Aeroplan Miles at the standard rate that applies to all other Purchases on the Account. This Bonus Rate offer is in place of and not in addition to the standard rate earned on all other Purchases made on your Account. Offer may be changed, withdrawn or extended at any time and cannot be combined with any other offer
5 1 Aeroplan Mile is earned on each $1.00 in Purchases charged to your TD Aeroplan Credit Card Account (“Account”). Credit for returned items, refunds, rebates or other similar credits will reduce or cancel the Aeroplan Miles earned by the amount originally charged to your Account. Fees, Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa* Cheques), interest charges, optional services, refunds, rebates or other similar credits do not earn Aeroplan Miles. Please see the Aeroplan Terms for Your TD Credit Card section of the Cardholder Agreement for complete details on Aeroplan Miles earned on Purchases (a copy of your Cardholder Agreement is available at http://www.tdcanadatrust.com/tdvisa/agreements ).
6 This feature is available at over 150 Aeroplan Partner brands and 100 online retailers through Aeroplan’s eStore. The Toronto-Dominion Bank is not responsible for any Aeroplan Miles under this “earn miles twice” feature of the Aeroplan Program when the Aeroplan Membership Card is presented. See your Aeroplan Program for full details. Feature may be changed, withdrawn or extended at any time and cannot be combined with any other offer

All trade-marks are the property of their respective owners.
* Trademark of Visa Int., used under license.
TM Air Canada Maple Leaf Lounge is a trademark of Air Canada, used under license.
® Air Canada, Air Canada Express, Air Canada Rouge and the Air Canada Maple Leaf logo are registered trademarks of Air Canada, used under license
® Air Canada is a registered trademark of Air Canada, used under license.
® Fixed Mileage Flight Rewards and Market Fare Flight Rewards are registered trademarks of Aimia Canada Inc.
Aeroplan® and the Aeroplan logo are registered trademarks of Aeroplan Inc.


The Best High End Credit Card in Canada

An amazing move by American Express was made on April 21 for their high end Platinum Card. That move makes it the best card to get or have until late July 2020. What American Express did is give all Canadian Platinum cardmembers (new or existing) double the points and double the redemption value until July 20, 2020. What this means is that the card now earns 2 to 6 Membership Rewards points per dollar spent. On the redemption side it now offers $20 for every 1,000 points redeemed towards ANY purchase on the card. What this translates to is a 4% to 12% cash back return!! This is huge and unmatched in our market! It is the card to get right now. And don't be swayed by the $699 annual fee - as we said this is a high end card with an annual fee to match. The card comes with a 25,000 point welcome bonus when you spend $2,000 on the card and with a $20 per 1,000 points redemption rate the welcome bonus is worth $500 alone. This isn't even taking into consideration all the other benefits that this card affords and there are a lot. An annual $200 travel credit, hotel elite status, lounge access and more. Sure we're not travelling now but those will come in handy in the future.

Read more about the current offer here: Wow this is an amazing deal! Platinum Card from American Express will earn Double Points on top of the doubling of Use Points for Purchases


The Platinum Card®

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Why is this card the best?

With the current offer for double points and double redemption IT IS the best cash back card in Canada

Earns 3x Points per dollar on dining - including restaurants, fast food, coffee shops and more.

Provides a 4% to 12% rate of return when redeeming for ANY purchase made on the card until July 20, 2020

Redeem your points at anytime for virtually any purchase starting at only 1,000 points (or as little as $167 in spending)

Convert points directly to Air Canada Aeroplan or British Airways Executive Club on a 1:1 basis

Amazing travel benefits lik an annual $200 travel credit, airport business class lounge access benefits, hotel elite status and more


The Platinum Card®
The Platinum Card®
Card Type: Charge
Annual Fee: $699 Additional Card Fee: $175 for Platinum, $50 for Gold

• Unlock special experiences with the newly designed metal Platinum Card
• New Platinum® Cardmembers, earn 25,000 Welcome Bonus Membership Rewards® points when you charge $2,000 in purchases to your Card in the first three months of Cardmembership
• Earn 3 points for every $1 in Card purchases on eligible dining in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
• You will have access to a $200 CAD Annual Travel Credit to use towards any single travel booking of $200 or more charged to your Platinum Card and made on www.americanexpress.ca/travel or through Platinum Card® Travel Service
• Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
• Enjoy complimentary benefits that offer an average value of $550 USD at over 1,000 extraordinary properties worldwide when you book Fine Hotels & Resorts
• Platinum Cardmembers can enjoy access to special events and unique opportunities
• Enjoy premium benefits at the Toronto Pearson Airport including security bypass, complimentary valet car service and discount car care and parking
• You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts®, Radisson Hotel Group Shangri-La Hotels and Resorts and Hertz® and Avis®
• As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply

Apply Now

Recommended reading: How to maximize the elite status benefits from The Platinum Card from American Express


There you have it! The best cards to get in various categories in Canada! Be sure to book mark this page as we will be adding more categories and as new cards or offers come along the best cards in each category may change!

Feel free to explore our site for many more articles, tips and tricks for credit cards and loyalty programs in Canada!

 



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Our goal at RewardsCanada.ca is to present readers with reliable financial advice and product choices that will help you achieve your financial goals.
Rewards Canada receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site.
Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation. For full details and current product information click the Apply now link / learn more link.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this TD credit card, please click on the Apply Now button.



 

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