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The Best Credit Cards in Canada Posted on April 14, 2020
Last Updated: May 12, 2021

 

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 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.

Quick jump to each of the categories on this page:

The Card to get right now

The Best Quick Access Cash Back Credit Card in Canada

The Best AIR MILES Credit Card in Canada

The Best Overall Credit Card in Canada

The Best Long Term Cash Back Credit Card in Canada

The Best Hotel Card in Canada

The Best Low Interest Credit Card in Canada

The Best No Annual Fee Card in Canada

The Best Air Canada Aeroplan Card in Canada

The Best No Foreign Transaction Fee Credit Card in Canada

The Best Small Business Card in Canada

The Best High End Credit Card in Canada

 

The Best Mastercard to use at Costco Canada

 

 

The card to get right now

The card to get right now is the Marriott Bonvoy™ American Express® Card . Why get this card now? It has a new limited time welcome bonus of 65,000 Marriott Bonvoy Points when you spend $3,000 on the card in the first six months of having it. Those 60,000 points are worth no less than $600 in our books! But the value doesn't end there you will also earn a total of 5X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 25,000 points. You can also earn 15,000 points when you make a purchase between 14 to 17 months of Cardmembership for a total of up to 105,000 bonus points! Once you have the card for a year you'll receive an anniversary free night award that you can use at any hotel with a value of up to 35,000 points. You get this benefit each and evey year you have the card so that in itself pays for the annual fee and more each year. There are more than 7,000 hotels around the world that you can redeem your points for and many are where dreams are made of! This is a card that can help you travel more luxuriously! We could go on with more of the benefits but you'll see them listed below. We also recommmend reading the following articles of ours about this card:

Also check out our Clash of the Credit Cards! Marriott Bonvoy American Express Card vs. MBNA Best Western Rewards Mastercard to see how this card is the best hotel card in Canada.

Marriott Bonvoy American Express Card
Marriott Bonvoy™ American Express® Card


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Why is this the card to get right now?

The welcome bonus of up to 105,000 Marriott Bonvoy points is the best ever bonus seen on this card!

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%

• Earn up to 105,000 Marriott Bonvoy™ points:
• New Marriott Bonvoy™ American Express® Cardmembers, earn 65,000 welcome bonus points after you charge $3,000 in net purchases to your Card in your first 6 months of Cardmembership
• Plus, earn a total of 5X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 25,000 points
• You can also earn 15,000 points when you make a purchase between 14 to 17 months of Cardmembership
• Apply by August 3, 2021 to take advantage of this incredible offer

• 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® 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

Apply Now

Top Travel Credit Card Welcome Offers
Card & Sign Up Offer Mininum
Travel Value
American Express® Aeroplan®* Reserve Card
Earn up to 100,000 points plus earn a total of 10X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 50,000 points. Apply by August 3, 21
$901
American Express® Aeroplan®* Card
Earn up to 50,000 points plus earn a total of 5X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 25,000 points. Apply by August 3, 21
$630
TD® Aeroplan® Visa Infinite* Card
Up to 20,000 points plus earn a bonus Buddy Pass to bring anyone along to anywhere Air Canada flies in North America, incl Hawaii and Mexico. First year annual fee rebate. Conditions Apply. Must apply by August 16, 21
$600
CIBC Aeroplan® Visa Infinite* Card
20,000 points plus earn an Air Canada Buddy Pass to bring anyone along to anywhere Air Canada flies in North America, incl Hawaii and Mexico. ​First year no Annual Fee Conditions Apply.
$600
WestJet RBC World Elite Mastercard
Get 350 welcome WestJet dollars on your first purchase with the card. Plus receive a $0 companion vouchers for travel in Canada, the U.S., Mexico & Caribbean. Must apply by August 16, 21
$531

 

The Best Overall Credit Card in Canada

The best overall card in Canada is the American Express Cobalt Card and it has been since it was launched late in 2017. Since that time 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 right 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 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.

Also check out our new Rewards Canada Clash - Clash of the Reward Charts! American Express vs. RBC and see how the Cobalt Card destroys the RBC Avion card.


American Express Cobalt™ Card

Apply Now

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 Costco, 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 1% to 5% rate of return when redeeming for any purchase on the card outside of travel (your cash back option)

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
2021 Overall Top Travel Rewards Card | 2021 Top Hybrid Rewards Card | 2021 Top Cash Back Card
This is the best overall credit card in Canada!

• 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: 
            • $300 in statement credits redeemed towards any eligible purchases charged to your Card or
            • $225 in Amex Prepaid Cards
• 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
• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
• 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

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

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Recommended reading:

The New Air Canada Aeroplan Program All the resources you need

Presented by HigherEdPoints
Redeem Aeroplan points for education. Pay for tuition or repay student loans through www.HigherEdPoints.com



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 a great standard low interest rate of 12.99%, which is 6 to 9% lower than most cards.


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

No annual fee


MBNA True Line® Mastercard® credit card

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MBNA True Line® Mastercard® credit card

You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening

• No annual fee
• Standard Annual Interest Rates of 12.99% on eligible purchases, 12.99% on balance transfers✪, and 24.99% on cash advances
• You could get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening
• Around-the-clock fraud protection
• Use available credit on your credit card to transfer funds right to your chequing account.
Apply for the MBNA True Line® Mastercard® credit card today
• This offer is not available for residents of Quebec.


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.

✪ 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).

† Promotional Rates: Balance Transfers: 0.00% This Promotional Rate applies to any balance transfers made within 90 day(s) of your account opening (each, an "eligible transaction") and will remain in effect for 12 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. Other conditions apply. Offer may be changed, extended or withdrawn at any time, without notice. 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.

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 given the situation of the pandemic we've changed the best card from the Scotia Passport Visa Infinte Card (it's still one of the top cards) to the HSBC World Elite Mastercard because of its really good earn rates and rewards options


HSBC World Elite® Mastercard®

Apply Now

Why is this card the best No Foreign Transaction Fee card?

The card has no foreign transaction fees - that means you can save the typical 2.5% on online purchases made outside of Canada or any purchases when you travel outside of Canada

You can convert points to British Airways Executive Club, Cathay Pacific AsiaMiles and Singapore Airlines KrisFlyer

Free global Boingo WiFi and airport lounge access

Strong insurance benefits and annual $100 travel enhancements credit

 


HSBC World Elite® Mastercard®
HSBC World Elite® Mastercard®
Earn up to 70,000 Points. PLUS a full annual fee rebate for the Primary Cardholder for the first year

Primary Cardholder Annual Fee: $149 (1st year annual fee waiver)
Authorized User Annual Fee: $50 Per Card
Annual interest rate: 19.9% on purchases and 22.9% on funds advances and balance transfers.
$80,000 personal or $150,000 household annual income

Welcome Bonus of 20,000 Points (up to $100 value) PLUS apply by September 27th and get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User*, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus*
• 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

Apply Now

*Terms and Conditions apply
®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to licence

This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)


Top Cash Back Credit Card Welcome Offers
Card & Sign Up Offer Min. Cash Back Value
SimplyCash™ Preferred Card from American Express
New SimplyCash™ Preferred Card from American Express Cardmembers can earn 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 months of Cardmembership 
$301
CIBC Dividend® Visa Infinite* Card
Welcome Offer: Get a first-year annual fee rebate! Plus, get 10% cash back for the first 4 statements on total purchases of up to $2,000
$200
Scotia Momentum® VISA* Infinite card
10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards.
$200
BMO CashBack® World Elite®* MasterCard®*
Earn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000 and the $120 annual fee waived in the first year*
$200
SimplyCash™ Card from American Express
New SimplyCash™ Card from American Express Cardmembers can earn 4% cash back on purchases (up to $200 cash back) for the first 6 months of Cardmembership. This card has no annual fee! Ever!
$200

The Best Quick Access Cash Back Credit Card in Canada

Technically speaking this could be the American Express Cobalt Card however here 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 CIBC Dividend® Visa Infinite* Card. It has a strong earn rates but more importantly as of February 1st, 2021 it lets you redeem at anytime 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.


CIBC Dividend® 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?

4% cash back on gas and grocery purchases

2% cash back on transportation, dining purchases and recurring 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

 


CIBC Dividend® Visa Infinite* Card

CIBC Dividend® Visa Infinite* Card

Annual Fee $120 Additional Cards (Up to 3): $30
Annual interest rate 19.99%† on purchases and 22.99%† on cash advances and 22.99% † on balance transfers
$60,000 personal or $100,000 household annual income †

Get a first-year annual fee rebate for you and up to three Authorized Users † and 10% cash back for the first 4 statements on total purchases of up to $2,000†.
After that, get cash back on eligible gas and grocery purchases.†

Save on gas with CIBC and Journie Rewards
Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to automatically save up to 10 cents per litre† at participating Chevron, Ultramar and Pioneer gas stations.†

• 4% cash back on eligible gas and grocery purchases†
• 2% cash back on eligible transportation, dining purchases and recurring payments†
• 1% cash back on all other purchases†
• Get cash back on demand - redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†

Apply Now

†Conditions Apply


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 as one of the best cash back cards 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?

10% cash back on all purchases for the first 4 months (up to $400 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 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 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

Apply Now


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®

• Earn 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days, and 2 points‡ for every $1 spent on eligible purchases in those categories thereafter – in both cases, these earn rates apply until $10,000 is spent annually in the applicable category. 1 point for every $1 spent on all other eligible purchases.
• 5,000 bonus points†† ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening.
• 5,000 bonus points†† ($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening.
• Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points.
• Redeem points for cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel.
• Standard Annual Interest Rates of 19.99% on purchases, 22.99% on balance transfers and 24.99% on cash advances.
• Mobile Device Insurance***
With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown.
• 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. The account will earn two (2) points per dollar spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until you spend $10,000 annually (per calendar year) in the applicable category. Other eligible purchases will earn a Base Earn Rate of one (1) point per dollar. Each year, the account will receive Birthday Bonus Points equal to 10% of the total number of Points the account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 10,000 Points. The Birthday Bonus Points will be added to the account before the end of the primary cardholder's birthday month. 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 restaurant, grocery, digital media, membership, and household utility Purchases offer, for the first 90 days after account opening you will earn an additional 2 points/$1 spent on eligible restaurant, grocery, digital media, membership, and household utility 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 $10,000 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).

***Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC) under Group Policy MBNA-0620. To be eligible for Mobile Device Insurance you must use your Account to pay all of your monthly mobile bill payments and any upfront costs or pay at least 75% of the purchase price with your Account when paying the full cost of your mobile device up front. Benefits, features and coverages are subject to conditions, limitations and exclusions that are fully described in the Certificates of Insurance included with your Guide to Coverage. ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc.

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 


Apply Now

Why is this card the best?

The welcome bonus of 45,000 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 57,000 Membership Rewards® bonus points in your first year of Cardmembership
• Earn 45,000 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


Apply Now

 


The Best Mastercard to use at Costco Canada

This will be updated

TO BE UPDATED

 

Why is this card the best?

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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 3,000 AIR MILES which is worth more than $300

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®* Bonus Miles when you charge a total of $1,500 in purchases to your Card within your first three months of Cardmembership. That’s enough to redeem for $200 towards your purchases with AIR MILES®* Cash 
• 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 up to 105,000 Marriott Bonvoy points is the best ever bonus seen on this card!

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%

• Earn up to 105,000 Marriott Bonvoy™ points:
• New Marriott Bonvoy™ American Express® Cardmembers, earn 65,000 welcome bonus points after you charge $3,000 in net purchases to your Card in your first 6 months of Cardmembership
• Plus, earn a total of 5X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 25,000 points
• You can also earn 15,000 points when you make a purchase between 14 to 17 months of Cardmembership
• Apply by August 3, 2021 to take advantage of this incredible offer

• 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® 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 20,000 Aeroplan Points and a Buddy Pass coupled with no annual fee in the first year provides huge value of at least $540! - Learn more about the Buddy Pass here.

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 preferred pricing on Aeroplan award flights, first checked bag free on Air Canada flights & more!


TD® Aeroplan® Visa Infinite* Card

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TD® Aeroplan® Visa Infinite* Card

Annual Fee $139 Additional Cards: $75 †
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

Apply by August 16, 2021 and, if you are approved, earn up to 20,000 † Aeroplan points – plus earn a bonus Buddy Pass to bring anyone along to anywhere Air Canada flies in North America, including Hawaii and Mexico.

• Bring along a friend! As a new Cardholder, your bonus Buddy Pass can score you a second ticket when you book an economy ticket. On the second ticket, you only pay the taxes and third-party charges. You’ll receive the one-time use pass when you spend $1,000 within 90 days of Account opening, and you have a whole year to use it. †
• Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card. †
• Earn 10,000 Aeroplan points when you spend $1,000 within 90 days of Account opening, up to a total of 20,000 points.
• Plus, get an annual fee rebate for the first year. To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by August 17, 2021.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by August 17, 2021.

Earn Aeroplan points on your everyday Purchases. Whether you use your TD® Aeroplan® Visa Infinite Card for gas, bills or groceries, you’re rewarded with Aeroplan points that can take you across the globe. Your Card also allows you to enjoy:
• Travelling lightly through the airport and saving on baggage fees. † Primary Cardholders, Additional Cardholders, and travel companions (up to eight) travelling on the same reservation will all enjoy their first checked bag free (up to 23kg/50lb) when your travel originates on an Air Canada flight.
• Enroll for NEXUS and once every 48 months get an application fee rebate (up to $100 CAD). † Additional Cardholders can also take advantage of this NEXUS fee rebate.
• For a limited time, earn 1.5 bonus Aeroplan points for each $1 spent on eligible purchases at participating Starbucks® locations. † Conditions Apply. Offer ends November 7, 2021.
• All Additional Cardholders must link their Aeroplan number in order to receive access eligible Air Canada travel benefits.
• Earn 1.5 points † for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card.
• Earn 1 point † for every $1 spent on all other Purchases made with your Card
• Earn points twice † when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore
• Your Aeroplan points will not expire as long as you are a TD® Aeroplan® Visa Infinite Primary Cardholder in good standing.

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

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 and current information on any TD product, please click the Apply Now button.

† Terms and Conditions apply.


The Best Ultra Premium High End Credit Card in Canada

Don't be swayed by the $699 annual fee - 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.


The Platinum Card®

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Why is this card the best?

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

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 Platinum Card
• Earn up to 150,000 Membership Rewards® points:
• New Platinum® Cardmembers can earn 70,000 Membership Rewards® points after spending $6,000 in net purchases within the first 6 months of Cardmembership
• Plus earn a total of 10X the points on eligible eats and drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 50,000 points
• You can also earn 30,000 points when you make a purchase between 14 to 17 months of Cardmembership
• Apply by August 3, 2021 to take advantage of this incredible offer

• 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 CollectionTM  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 such as discount on 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, 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


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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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