The Best Credit Cards In Canada For 2020

Last updated on January 19, 2020 | By

Presenting the best credit cards in Canada for 2020. From the largest sign up offers to the best perks and highest rewards for spending in every category, compare our cards below to find the perfect match for you.

Scroll to view the full list, or click a category below to jump to a specific section.

Travel

Best for: Overall best travel card

TD First Class Travel Visa Infinite

TD First Class Travel Visa Infinite

Apply Now

on TD’s website

Welcome Offer: 90,000 TD Points + First year fee waived + 2x TD Points on all purchases in the first 3 months up to a total of 60,000 points.

Earn Rate: 9x points when you book travel online through Expedia For TD. 3x points on everything else.

Annual Fee: $120

Min. Income Required: Personal $60,000 or Household $100,000

Read review

Features:

  • Get a full Annual Fee Rebate and earn up to 90,000 TD Points (worth about $400).
  • Easy travel bookings through ExpediaforTD.
  • Earn 3 TD points per $1 spent on purchases using your card.
  • Redeem 9 TD points per $1 for travel purchases made online through ExpediaforTD.
  • Auto-rental collision and loss damage Insurance coverage available for 48 consecutive days.
  • Save 10% on Avis Rent-A-Car and Budget Rent-A-Car.
  • 24/7 emergency roadside assistance.
  • Travel medical insurance coverage up to $1 million for the first 21 days.
Best for: Airmiles

BMO AIR MILES World Elite Mastercard

BMO® AIR MILES®† World Elite® Mastercard®

Apply Now

on BMO’s website

Welcome Offer: 3,000 AIR MILES Bonus Miles + First Year Fee Waived

Earn Rate: 1 Mile for every $10 in credit card purchases. Earn twice on purchases at AIR MILES partners.

Annual Fee: $120

Min. Income Required $80,000 personal or $150,000 household

Read review

Features:

  • 3,000 AIR MILES bonus offer when you sign up, and annual fee waived for the first year.
  • Earn 1 mile for every $10 in credit card purchases.
  • Earn 15% flight discount on all AIR MILES flights in North America with no blackout periods.
  • Complimentary MasterCard Airport Experiences with access to over 850 VIP lounges.
  • Two annual complementary LoungKey passes.
  • Earn up to a 25% discount at participating National Car Rental and Alamo Car Rental locations.
  • Travel medical insurance coverage up to $2 million for the first 15 days.
Best for: Aeroplan

American Express Gold Rewards

American Express Gold Rewards Card

Apply Now

on American Express’ website

Welcome Offer: 25,000 Points

Earn Rate: 2x points for travel, groceries, gas stations, and drugstores. 1x point on everything else.

Annual Fees: $150

Min. Income Required: $0

Read review

Features:

  • Welcome bonus of up to 25,000 Membership Rewards.
  • Up to $100 USD hotel credit on qualifying hotel amenities charged to the room, such as dining, spa, golf and other hotel facilities.
  • Complimentary room upgrade at check-in.
  • Hertz Car Rental upgrade.
  • Earn 2 points for every $1 spent on most of your everyday purchases.
  • Convert points to Aeroplan Miles at a 1:1 ratio.
  • Travel medical insurance coverage up to $5 million for the first 15 days.
Best for: Airline perks

TD Aeroplan Visa Infinite

TD Aeroplan Infinite Visa Card

Apply Now

on TD’s website

Welcome Offer: 40,000 Aeroplan Miles + First year fee waived + 2x Aeroplan Miles on eligible Purchases in the first 3 months up to a total of 20,000 Aeroplan Miles.

Earn Rate: 1.5 mile for every $1 spent on eligible grocery, gas and drugstores. 1 mile for every $1 spent on all other purchases. 2x miles at participating retailers.

Annual Fee: $120

Min. Income Required: Personal $60,000 or Household $100,000

Features:

  • Welcome bonus up to 25,000 Aeroplan Miles as your welcome bonus, and your first year’s annual fee rebated in full.
  • Earn 1.5 Aeroplan Miles for every $1 you charge to your card on eligible grocery, gas, drugstore and purchases made on aircanada.com.
  • Earn 1 Mile for every $1 you charge to your card on all other purchases made.
  • A slew of Air Canada perks including one complimentary first checked bag, priority check-in and boarding, 1x/year access to Air Canada Maple Leaf Lounge.
  • 24/7 emergency travel assistance and savings at Avis and Budget car rental.
  • Travel medical insurance covered up to $1 million of coverage for the first 21 days.
Best for: No foreign transaction fees

Scotiabank Passport Visa Infinite

scotiabank passport visa infinite

Apply Now

on Scotia Bank’s website

Welcome Offer: 35,000 Scotia Rewards points + Complimentary Priority Pass membership, plus 6 free visits per year.

Earn Rate: 2 Scotia Rewards points for $1 spent on eligible grocery, dining, entertainment, and daily transit. 1 point for all other purchases. No FX Fees.

Annual Fee: $139

Min. Income Required: Personal $60,000 or Household $100,000.

Read review

Features:

  • Welcome bonus up to 35,000 Scotia Rewards points (equivalent to $350 in travel dollars).
  • Earn 2 Scotia Rewards points on every $1 spent on grocery, dining, entertainment, and daily transit.
  • Earn 1 Scotia Rewards point for every $1 spent on everything else.
  • No foreign transaction fees whether you make them online or outside of Canada.
  • Complimentary Priority Pass™ membership, and 6 free visits per year.
  • Travel medical insurance coverage up to $1 million for the first 25 days.

View more travel credit cards.

Rewards

Best for: Food and entertainment spending

American Express Cobalt

american-express-cobalt-cardcard

Apply Now

on American Express’ website

Welcome Offer: 30,000 Points

Earn Rate: 5x rewards on dining, coffee shops, grocery stores. 2x rewards on travel, lodging, transit. 1x point for everything else.

Annual Fees: $10/month

Min. Income Required: $0

Read review

Features:

  • Welcome bonus up to 30,000 Rewards Points.
  • Earn 5x points on food and drink purchases, including groceries, coffee shops, food delivery, bars, and restaurants.
  • Earn 2x rewards for all travel related purchases, including flights, hotels, gas, public transit, and rideshare services such as Uber, Lyft, and Via.
  • Offers flash bonuses that give the opportunity to earn 10x rewards on specific purchases.
  • Deals, coupons, and special offers available only to Cobalt Card Perks members.
  • Early Access invitations for live concerts, promotional events, sports games, and many other experiences through Front of the Line by American Express.
Best for: Cash back earn rate

Scotia Momentum Visa Infinite

Scotia Momentum Visa Infinite

Apply Now

on Scotia Bank’s website

Welcome Offer: First year fee waived.

Earn Rate: 4% cash back on grocery, recurring bills, and subscription purchases. 2% back on gas and daily transit, and 1% back on everything else.

Annual Fee: $99

Min. Income Required: Personal $60,000 or Household $100,000.

Read review

Features:

  • Groceries and recurring bill payments earn 4% cash back (also includes subscription payments like Netflix).
  • Daily transit, drugstore and gas station purchases earn 2% cash back (also includes taxis and Uber.
  • All other eligible purchases earn 1%.
  • Get VIP access: Dining series, concerts (with access to the VIP lounge), wine country experiences, and automatic room upgrades and free wi-fi for eligible hotel stays.
Best for: Travel rewards

TD First Class Travel Visa Infinite

TD First Class Travel Visa Infinite

Apply Now

on TD’s website

Welcome Offer: 90,000 TD Points + First year fee waived + 2x TD Points on all purchases in the first 3 months up to a total of 60,000 points.

Earn Rate: 9x points when you book travel online through Expedia For TD. 3x points on everything else.

Annual Fee: $120

Min. Income Required: Personal $60,000 or Household $100,000

Read review

Features:

  • Get a full annual fee rebate and earn up to 90,000 TD Points welcome bonus (worth about $400).
  • Easy travel bookings through ExpediaforTD.
  • Earn 3 TD points per $1 spent on purchases using your card.
  • Earn 9 TD points per $1 for travel purchases made online through ExpediaforTD.
  • Auto-rental collision and loss damage Insurance coverage available for 48 consecutive days.
  • Save 10% on Avis Rent-A-Car and Budget Rent-A-Car.
  • 24/7 emergency roadside assistance.
  • Travel medical insurance coverage up to $1 million for the first 21 days.
Best for: Flexible spending

American Express Gold Rewards

American Express Gold Rewards Card

Apply Now

on American Express’ website

Welcome Offer: 25,000 Points

Earn Rate: 2x points for travel, groceries, gas stations, and drugstores. 1x point on everything else.

Annual Fees: $150

Min. Income Required: $0

Read review

Features:

  • Welcome bonus of up to 25,000 Membership Rewards.
  • Earn 2 points for every $1 in Card purchases at eligible gas stations, grocery stores and drugstores in Canada.
  • Earn 2 points for every $1 in Card purchases for eligible travel purchases, such as flights, hotels, car rentals, cruises, and amenities.
  • Earn 1 point for every $1 in Card purchases everywhere else.
  • Front Of The Line Advance Access, Reserved Tickets, and E-Updates.
Best for: Premium rewards card

American Express Platinum

Apply Now

on American Express’ website

Welcome Offer: 50,000 Points + $200 annual travel credits

Earn Rate: 2x points for travel, 3x for dining, and 1x for everything else.

Annual Fees: $699

Min. Income Required: $0

Read review

Features:

  • 50,000 bonus rewards points.
  • Eligible to use private lounges in over 1200 airports across the globe.
  • $200 CAD travel credit annually on eligible trips.
  • Bonus points if travel secured through AmEx Travel.
  • Special treatment when flying through Toronto Pearson airport: Priority security lane,and free valet or 15% parking discount.
  • Eligibility for hotel loyalty benefits: Hilton Honors Gold, Shangri-La Golden Jade, Marriott Bonvoy, Radisson Rewards.
  • Hotel perks such as late checkout and free breakfasts at eligible hotels.
  • Front of the line benefits for certain experiences.

View more rewards credit cards.

Cash Back

Best for: groceries and recurring bills

Scotia Momentum Visa Infinite

Scotia Momentum Visa Infinite

Apply Now

on Scotia Bank’s website

Welcome Offer: First year fee waived.

Earn Rate: 4% cash back on grocery, recurring bills, and subscription purchases. 2% back on gas and daily transit, and 1% back on everything else.

Annual Fee: $99

Min. Income Required: Personal $60,000 or Household $100,000.

Read review

Features:

  • Earn 4% for groceries, recurring bill payments, and subscription purchases.
  • Subscription purchases also includes Netflix.
  • Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
  • Daily transit also includes Uber.
  • Earn 1% cash back on all other purchases with no cash back limit.
  • Access to 24/7 concierge service, and Visa Infinite experiences, which includes their hotel collection, and dining and wine country program.
  • Also comes with good travel insurance and rental car insurance.
Best for: Large welcome bonus + gas purchases

TD Cash Back Visa Infinite Card

TD Cash Back Visa Infinite

Apply Now

on TD Bank’s website

Welcome Offer: 10% Cash Back on all purchases for the first 3 months up to a total spend of $2,000 + First year fee waived.

Earn Rate: 3% cash back on eligible grocery, gas, drugstores and recurring bills. 1% back for every $1 spent on all other purchases.

Annual Fee: $120

Min. Income Required: Personal $60,000 or Household $100,000

Read review

Features:

  • For the first 3 months of usage, get 10% cash back in all categories of spending, up to a total spend of $2000.
  • Earn 3% cash back on gas, grocery, and recurring bill payments.
  • Earn 1% in cash back on all other purchases made with your card.
  • Deluxe TD Auto Club Membership and Roadside Assistance.
  • Visa Infinite 24/7 Concierge Service.
  • Also comes with good travel insurance and rental car insurance.
Best for: Travel + foreign purchases

Rogers World Elite Mastercard

rogers world elite mastercard

Apply Now

on Rogers Bank’s website

Welcome Offer: $25 in cash back.

Earn Rate: 1.75% cash back on all your purchases, and 2% back for any purchases on Rogers products or services. 4% on purchases made in foreign currencies.

Annual Fee: $0

Min. Income Required: Personal $80,000 or Household $150,000

Features:

  • Get $25 in cash back when you make your first card purchase within 3 months of receiving your card.
  • Get 4% cash back on all purchases made in foreign currencies (online purchases included). Once you factor in the 2.5% FX fees, that means you’ll earn 1.5% cash back.
  • Earn 1.75% cash back on all your purchases.
  • Earn 2% back for any purchases on Rogers products or services.
Best for: Flat-rate + easy approval

SimplyCash Preferred Card from American Express

Apply Now

on American Express’ website

Welcome Offer: 5% cashback in your first 6 months (up to $300).

Earn Rate: Flat rate of 2% back on purchases when your welcome period ends.

Annual Fee: $99

Min. Income Required: $0

Features:

  • Perfect for people who spend in various different categories and want a high flat-rate cash back card.
  • 5% cash back on all spending for the first 6 month of use (up to $300 max received in rewards).
  • Get 2% cash back on all purchases made, making this the best flat rate card for all categories of spending.
  • Comes with a solid package of travel insurance and perks. $5 million coverage for emergency medical insurance (for the first 15 days).
  • No minimum income requirement to apply.
Best for: Flexible cashback

Tangerine Money-Back Credit Card

tangerine credit card

Apply Now

on Tangerine’s website

Welcome Offer: choose up to 3 categories and receive a 4% cash back on those for the first 3 months.

Earn Rate: 2% cash back on your selected categories, and 0.5% on everything else.

Annual Fee: $0

Min. Income Required: Personal $15,000

Features:

  • A unique option to pick and choose what you’d like to get the most cash back on.
  • You can choose up to 3 categories and receive a 4% cash back for the first 3 months.
  • After the welcome bonus period, earn 2% on your selected categories, and 0.5% on everything else.
  • During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months (19.95% after that).

View more cash back credit cards.

Low Interest

Best for: all around best low interest card

American Express Essential Credit Card

American Express Essential

Apply Now

on American Express’ website

Welcome Offer: 1.99% interest in first 6 months if you transfer your other credit card balances to this card.

Interest Rate: 12.99% on purchases and cash advances.

Annual Fee: $0

Min. Income Required: $0

Features:

  • 8.99% regular interest rate on purchases, balance transfers, and cash advances.
  • 1.99% interest rate in first 6 months if you transfer your other credit card balances.
  • Transfer 50% of your assigned credit limit, up to a maximum of $7,500 with no fees.
Best for: low interest + balance transfer

MBNA True Line Gold Mastercard

mbna trueline mastercard

Apply Now

on MBNA’s website

Welcome Offer: 1.99% annual interest rate on balance transfers for the first 10 months, for transfers completed within 90 days of account opening.

Interest Rate: 8.99%

Annual Fee: $39

Min. Income Required: $0

Features:

  • 8.99% regular interest rate on purchases and balance transfers, 24.99% for cash advances.
  • 0% promotional annual interest rate on balance transfers for the first 6 months.
  • Add up to 9 authorized users with no additional annual fee.
Best for: variable rate

National Bank Syncro Mastercard

national bank syncro mastercard

Apply Now

on National Bank’s website

Annual Fee: $35

Interest Rate:
8.9% minimum (or Prime Rate + 4%)
Balance transfers and access cheques: 12.9% (or Prime Rate + 8%)
Cash advances: 12.9% (or Prime Rate + 8%)

Min. Income Required: $0

Features:

  • This is a variable rate card. Interest rates vary based on your credit score, and can be as low as 4%.
  • As a variable rate card, balance transfers and access cheques can be as low as 8%.
  • Cash advances can be as low as 8%.
  • 90-day purchase protection and an extended warranty on most items bought with your card.
Best for: Cash advance welcome offer

Scotiabank Value Visa

Scotiabank value visa

Apply Now

on Scotiabank’s website

Welcome Offer: 0.99% introductory interest rate on balance transfers for the first 6 months.

Interest Rate: 12.99%

Annual Fee: $29

Min. Income Required: Personal $12,000

Features:

  • New cardholders get a 0.99% interest rate on cash advances for the first 6 months.
  • 12.99% interest rate after the promotional period ends in 6 months.
  • Free supplementary card.
  • Convenient way to pay with Visa payWave.
Best for: Balance transfer welcome offer

BMO Preferred Rate Mastercard

bmo preferred rate mastercard

Apply Now

on BMO’s website

Welcome Offer: 3.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.

Interest Rate:
Purchases: 12.99%
Balance transfers and access cheques: 12.99%
Cash advances: 12.99%

Annual Fee: $20

Min. Income Required Personal $15,000

Features:

  • New cardholders get a 3.99% introductory interest rate welcome offer on balance transfers for 9 months.
  • Get purchase protection with manufacturer’s warranties increased by up to one additional year.
  • An additional safety net of coverage against accidental damage and theft.

View more low interest credit cards.

Balance Transfer

Best for: No-fee balance transfer offer

MBNA True Line Mastercard Credit Card

mbna true line mastercard

Apply Now

on MBNA’s website

Welcome Offer: 0% annual interest rate on balance transfers for the first 10 months, for transfers completed within 90 days of account opening.

Interest Rate: 12.99%

Annual Fee: $0

Min. Income Required: $0

Features:

  • No annual fee.
  • Promotional balance transfer rate of 0% for the first 10 months.
  • Regular balance transfer interest rate of 12.99%.
  • No minimum income requirement.
Best for: flat-rate cash back

SimplyCash Preferred Card from American Express

Apply Now

on American Express’ website

Welcome Offer: 5% cashback in your first 6 months (up to $300).

Earn Rate: Flat rate of 2% back on purchases when your welcome period ends.

Annual Fee: $99

Min. Income Required: $0

Features:

  • 2.5% cashback on purchases (for a maximum of $150) for the first 3 months of account opening.
  • 1.99% balance transfer rate for the first 6 months.
  • Transfer up to 50% of your assigned credit limit up to a maximum of $7500
  • Earn a flat-rate cash back of 1.25% on all purchases.
Best for: best balance transfer welcome offer

Tangerine Money-Back Credit Card

tangerine credit card

Apply Now

on Tangerine’s website

Welcome Offer: choose up to 3 categories and receive a 4% cash back on those for the first 3 months.

Earn Rate: 2% cash back on your selected categories, and 0.5% on everything else.

Annual Fee: $0

Min. Income Required: Personal $15,000

Features:

  • Balance transfer rate of 1.95% for the first 6 months.
  • Cardholders can choose where they earn the most. 2% cash back rewards on any 2 of the 10 available money-back categories of your choice.
  • The balance transfer fee remains the same at 3% of the transferred amount (or $5 minimum).
Best for: long-term low interest rate offer

BMO Preferred Rate Mastercard

bmo preferred rate mastercard

Apply Now

on BMO’s website

Welcome Offer: 3.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.

Interest Rate:
Purchases: 12.99%
Balance transfers and access cheques: 12.99%
Cash advances: 12.99%

Annual Fee: $20

Min. Income Required Personal $15,000

Features:

  • Promotional balance transfer rate of 3.99% for your first 9 months (with a 1% transfer fee).
  • Get a flat-interest fee of 12.99% on purchases, cash advances and balance transfers.
  • If you pay your full balance by the due date, you will receive an interest free grace period of at least 21 days.
Best for: Travel

BMO Air Miles Mastercard

bmo air miles mastercard

Apply Now

on BMO’s website

Welcome Offer: 800 AIR MILES Bonus Miles + 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee

Earn Rate: Get 2x Miles for every $20 spent at participating AIR MILES Partners. Get 1 Mile for every $20 spent everywhere else.

Annual Fee: $0

Min. Income Required: $0

Read review

Features:

  • Comes with a balance transfer rate of 1.99% for 9 full months.
  • Also get a welcome bonus of 800 Air Miles for new cardholders (about $80 in value).
  • No annual fee.
  • Save 3 cents per liter at Shell when you use your card.

View more balance transfer credit cards.

Student

Best for: Cash back

Tangerine Money-Back Credit Card

tangerine credit card

Apply Now

on Tangerine’s website

Welcome Offer: choose up to 3 categories and receive a 4% cash back on those for the first 3 months.

Earn Rate: 2% cash back on your selected categories, and 0.5% on everything else.

Annual Fee: $0

Min. Income Required: Personal $15,000

Features:

  • No annual fee.
  • A rare card that encourages saving.
  • Cardholders can choose where they earn the most. 2% cash back rewards on any 2 of the 10 available money-back categories of your choice.
  • Unlock a 3rd money-back category if instead of withdrawing your earnings and spending it all, you deposit it into a Tangerine Savings Account.
  • Comes with a tracking feature that observes and analyzes your transactions and gives you practical information on how to shop smartly.
Best for: largest welcome bonus from a no annual fee card.

BMO Cashback Mastercard

bmo cashback mastercard

Apply Now

on BMO’s website

Welcome Offer: 5% cash back in your first 3 months + 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.

Earn Rate: Get 1% cash back on all purchases.

Annual Fee: $0

Min. Income Required: $0

Read review

Features:

  • No annual fee.
  • Cardholders get 5% cash back for the first 3 months (up to a maximum $2000 in purchases).
  • Flat-rate 1% cash back on all purchases made using your card after the promotional period is over.
  • Redeem your earnings once you hit $50 in rewards.
Best for: no annual fee travel card

CIBC Aventura Visa Card

cibc aventura visa

Apply Now

on CIBC’s website

Welcome Offer: 5,000 Aventura Points.

Earn Rate: 1x point for every $1 spent at gas stations, grocery stores and drug stores, and on travel through the CIBC Rewards Centre. 1 point for every $2 spent on all other purchases.

Annual Fee: $0

Min. Income Required: Household $15,000

Read review

Features:

  • No annual fee.
  • Receive up to 7,500 Aventura Points as a welcome offer.
  • Your points can be put towards the payment of any airline, flight, and on any seat.
  • Redeem your earnings once you hit $50 in rewards.
  • Earn 1 point per $1 spent at gas station, grocery stores and drugstores, and on travel purchases made through CIBC rewards center
  • Earn 1 point per $2 spent on all other purchases
  • Aventura points can be used to pay for hotel stays, cruises, vacation packages, gift cards and other travel activities.
Best for: movie lovers

Scotiabank Scene Visa Card

scotia scene visa

Apply Now

on Scotiabank’s website

Welcome Offer: 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months.

Earn Rate: Earn 1 SCENE point for every $1 spent on everyday purchases. 5 SCENE points for every $1 spent at Cineplex theatres or at cineplex.com. Redeem for a FREE movie with just 1,250 points.

Annual Fee: $0

Min. Income Required: $0

Features:

  • No annual fee.
  • 2,500 bonus SCENE points once you make $500 worth of every day purchases within the first 3 months.
  • Redeem your points for free movies, and getting $10 off for every 1000 points at any of their restaurant partners.
  • Redeem your earnings once you hit $50 in rewards.
  • Earn 1 SCENE point for every dollar spent with your card.
  • Earn 5 SCENE points per dollar when you use your card at Cineplex theatres or at Cineplex.com.
  • For every 1,250 points, you can watch 1 movie for free.
Best for: groceries

PC Financial Mastercard

Presidents Choice Financial Mastercard

Apply Now

on PC Financial’s website

Welcome Offer: No welcome offer on this card.

Earn Rate: 25 points at Shoppers Drug Mart. 30 points per litre at Esso. 20 points for PC Travel. All other stores 10 points.

Annual Fee: $0

Min. Income Required: $0

Features:

  • No annual fee.
  • This card rewards your purchases with PC optimum points.
  • Redeem your points for free movies, and getting $10 off for every 1000 points at any of their restaurant partners.
  • Perfect for students who frequently shop at Shoppers Drug Mart and other stores that carry President’s Choice products.
  • Once you hit 10,000 points, you can redeem your rewards and use it to pay future grocery bills. Every 10,000 points is worth $10.

View more student credit cards.

Business

Best for: High earn rate + easy points redemption

American Express Business Gold Rewards Card

Apply Now

on American Express’ website

Welcome Offer: 30,000 points

Earn Rate: 1 point for every $1 spent on your card.

Annual Fee: $250 (may be tax deductible)

Min. Income Required: $0

Features:

  • Earn 1 point for every dollar in purchases.
  • Welcome bonus of 30,000 points when you charge $5,000 in the first 3 months.
  • Maximize your cash flow with up to 55 interest-free days to pay.
  • Purchasing power that adjusts with Card usage.
  • Protection against employee misuse, a disability plan for when you can’t work, comprehensive travel insurance, including $100,000 travel accident insurance, flight delay, lost baggage, and more.
Best for: business travel rewards

TD Aeroplan Visa Infinite

TD Aeroplan Infinite Visa Card

Apply Now

on TD’s website

Welcome Offer: 40,000 Aeroplan Miles + First year fee waived + 2x Aeroplan Miles on eligible Purchases in the first 3 months up to a total of 20,000 Aeroplan Miles.

Earn Rate: 1.5 mile for every $1 spent on eligible grocery, gas and drugstores. 1 mile for every $1 spent on all other purchases. 2x miles at participating retailers.

Annual Fee: $120

Min. Income Required: Personal $60,000 or Household $100,000

Features:

  • Earn 1.5 miles for grocery, gas and drugstore purchases.
  • Earn 1 mile for every $1 spent on all other purchases made with your card.
  • Welcome bonus up to 40,000 Aeroplan Miles as your welcome bonus, and your first year’s annual fee rebated in full
  • Earn miles twice when you pay and present your Aeroplan Membership Card.
  • Transfer your miles from other cards to your Aeroplan Visa Infinite Card.
  • When you fly Air Canada, get free checked bags, priority check-in and boarding, and even free access to the Air Canada Maple Leaf Lounge once per year.
  • Visa Infinite Luxury Hotel Collection and Complimentary Visa Infinite Concierge.
Best for: hotel rewards

Marriott Bonvoy American Express Card

Apply Now

on American Express’ website

Welcome Offer: 50,000 Marriott Bonvoy points + Free night stay each year you are a cardholder.

Earn Rate: 5 points for every $1 spent at participating Marriott Bonvoy properties. Earn 2 points for every $1 on all other purchases.

Annual Fees: $120

Min. Income Required $0

Features:

  • Welcome bonus of 50,000 Marriott Bonvoy points.
  • Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties.
  • 2 points for every $1 in all other Card purchases.
  • Insurance including flight and baggage delays, and $500,000 in travel life insurance.
  • For large purchases, extend the manufacturer’s original warranty up to one additional year.
  • Redeem your points for free nights at over 6,700 hotels and resorts in 130 countries at twenty-nine distinct hotel brands.
  • Option to transfer your points to frequent flyer miles with a wide selection of airlines.
Best for: no foreign exchange fee

Scotiabank Passport Visa Infinite

scotiabank passport visa infinite

Apply Now

on Scotia Bank’s website

Welcome Offer: 35,000 Scotia Rewards points + Complimentary Priority Pass membership, plus 6 free visits per year.

Earn Rate: 2 Scotia Rewards points for $1 spent on eligible grocery, dining, entertainment, and daily transit. 1 point for all other purchases. No FX Fees.

Annual Fee: $139

Min. Income Required: Personal $60,000 or Household $100,000.

Read review

Features:

  • Welcome bonus up to 35,000 Scotia Rewards points (equivalent to $350 in travel dollars).
  • Earn 2 Scotia Rewards points on every $1 spent on grocery, dining, entertainment, and daily transit.
  • Earn 1 Scotia Rewards point for every $1 spent on everything else.
  • No foreign transaction fees whether you make them online or outside of Canada.
  • Complimentary Priority Pass™ membership, and 6 free visits per year.
  • Travel medical insurance coverage up to $1 million for the first 25 days.
Best for: company gas/transit, food, entertainment spending

Scotiabank Gold American Express

scotiabank gold american express

Apply Now

on Scotiabank’s website

Welcome Offer: 30,000 Scotia Rewards points.

Earn Rate: 5x points for every $1 spent on eligible grocery, restaurants, fast food, drinking establishments, entertainment. 3x points for every $1 spent on gas, transit, and streaming services. 1x point for everything else.

Annual Fee: $120

Min. Income Required: Personal – $12,000

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Features:

  • Welcome bonus up to 30,000 bonus Scotia Rewards points in your first year (equivalent to $300).
  • Earn 5 points for every dollar spent on grocery, restaurant & entertainment.
  • Food spending includes delivery services like Skip The Dishes and Foodora. Entertainment spending includes movies, theatre, and ticket agencies.
  • Earn 1 point for every $1 spent on all other eligible purchases.
  • Earn 3x Scotia Rewards points for gas and daily transit. Transit includes Uber.
Best for: flat-rate cash back rewards

SimplyCash Preferred Card from American Express

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on American Express’ website

Welcome Offer: 5% cashback in your first 6 months (up to $300).

Earn Rate: Flat rate of 2% back on purchases when your welcome period ends.

Annual Fee: $99

Min. Income Required: $0

Features:

  • Earn 5% cashback in your first 6 months (up to $300), then earn 2% cash back when your welcome rate ends
  • Get 2% cash back on all purchases with no maximum on how much you can earn.
  • Extensive insurance coverage for things like flight delays, medical emergencies, car rental loss or damage, and more.
  • Transfer 50% of your assigned credit limit, up to a maximum of $7,500, whichever is less, and pay no balance transfer fee.
Best for: no-annual fee business credit card

BMO Rewards Business Mastercard

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on BMO’s website

Welcome Offer: Get 35,000 points after you spend $5,000 in the first 3 months

Earn Rate: 3 BMO Rewards Points for every $1 you spend on gas, office supplies and cell phone/internet bill payments. 1.5 points on everything else.

Annual Fee: $120

Requirements: Be an owner of a for-profit business that operates in Canada. No bankruptcy in the last 7 years. Be the age of majority in your Province or Territory.

Features:

  • Get 35,000 points after you spend $5,000 in the first 3 months
  • Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments.
  • Extensive insurance coverage for things like flight delays, medical emergencies, car rental loss or damage, and more.
  • Cash advances at over 1 million ATMs worldwide.
Best for: balance transfer

MBNA True Line Gold Mastercard

mbna trueline mastercard

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on MBNA’s website

Welcome Offer: 1.99% annual interest rate on balance transfers for the first 10 months, for transfers completed within 90 days of account opening.

Interest Rate: 8.99%

Annual Fee: $39

Min. Income Required: $0

Features:

  • 0% balance transfer fee for the first 90 days, and will remain in effect for 6 months.
  • 8.99% standard interest rate on balance transfers, purchase interest. 24.99% for cash advances.
  • No minimum income requirement.

View more business credit cards.

Bad And Low Credit

Best for: Top overall card for building credit

BMO Preferred Rate Mastercard

bmo preferred rate mastercard

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on BMO’s website

Welcome Offer: 3.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.

Interest Rate:
Purchases: 12.99%
Balance transfers and access cheques: 12.99%
Cash advances: 12.99%

Annual Fee: $20

Min. Income Required Personal $15,000

Features:

  • Welcome offer of 3.99% introductory balance transfer interest rate for nine months with a 1% transfer fee.
  • Regular balance transfer rate, purchase interest rate, and cash advance interest rate of 12.99%.
  • Extended Warranty coverage, doubling the original manufacturer’s warranty period up to a maximum of one additional year.
  • 15% off admission to Cirque du Soleil shows touring Canada, and 20% off resident shows in Las Vegas
Best for: unsecured card with no annual fee

No-Fee Scotiabank Value Visa

scotiabank no fee value visa

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on Scotiabank’s website

Annual Fee: $0

Interest Rate
Purchase: 16.99%;
Cash Advance: 16.99%

Min. Income Required: $12,000

Features:

  • Welcome offer balance transfer rate of 3.99% for the first 6 months.
  • Regular balance transfer rate, purchase interest rate, and cash advance interest rate of 16.99%.
  • Up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
Best for: secured card with no annual fee

HomeTrust Secured Visa Card

home trust secured visa

Apply Now

on Home Trust’s website

Welcome Offer: No welcome offer on this card. This is a secured credit card.

Annual Fee: $0

Min. Income Required: $0

Features:

  • Credit card limit of anywhere from $500 to $10,000 depending on what amount you place as your deposit.
  • Credit limit scales with your deposit on a 1-to-1 ratio.
  • 21-day no-interest grace period to pay off your card.
Best for: guaranteed approval

Capital One Guaranteed Secured Mastercard

capital one guaranteed secured mastercard

Apply Now

on Capital One’s website

Annual Fee:$59

Interest Rate: 19.80%

Min. Income Required: $0

Features:

  • Guaranteed approval.
  • Capital One will report your credit card activity to credit bureaus on a monthly basis. If you consistently pay your full balance, your credit will improve over time.
  • Credit limit of $300-$2,500.
  • Zero Liability protection coverage for unauthorized use of your card.

View more credit cards for bad credit.


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