Best Canadian Credit Cards

Are you looking for the best credit card in Canada? With so many options available, it can be overwhelming to choose the right one. But don’t worry, we’ve got you covered! In this article, we will discuss the top credit cards in Canada, providing details on their rewards, welcome offers, annual fees, and additional benefits. Whether you’re looking for travel rewards, cash back, or flexible redemption options, we have a credit card that suits your needs. So let’s dive in and find the best Canadian credit card for you!

American Express Cobalt Card

The American Express Cobalt Card is a popular rewards credit card that offers numerous benefits for cardholders. With a focus on earning Membership Rewards points, this card is a great option for individuals looking to maximize their rewards on everyday purchases.

Earning Membership Rewards Points

One of the key features of the American Express Cobalt Card is the ability to earn Membership Rewards points on various spending categories. Here’s a breakdown of the points earning structure:

• 5 Membership Rewards points per dollar spent on groceries
• 3 points per dollar spent on eligible streaming subscriptions
• 2 points per dollar spent on rideshares, transit, and gas
• 1 point per dollar spent on all other purchases

This tiered structure allows cardholders to earn more points on essential expenses like groceries and transportation, making it an attractive choice for everyday spending.

Welcome Offer and Annual Fee

New cardholders can also take advantage of a generous welcome offer. For each monthly billing period in which $750 is spent, cardholders can earn 1,250 Membership Rewards points, for a total of up to 15,000 points in a year.

When it comes to fees, the American Express Cobalt Card has an annual fee of $155.88, which works out to $12.99 per month. While there is a fee associated with this card, the extensive range of rewards and benefits make it a worthwhile investment for many.

Additional Benefits

In addition to the rewards program, the American Express Cobalt Card offers a range of additional benefits, including:

• Flexible redemption options for Membership Rewards points, such as travel, merchandise, and statement credits
• Extensive travel insurance coverage, including emergency medical, trip interruption, and baggage loss insurance

These additional benefits enhance the overall value of the American Express Cobalt Card, allowing cardholders to make the most of their rewards and enjoy peace of mind while traveling.

CIBC Aventura Gold Visa Card

The CIBC Aventura Gold Visa Card is an excellent choice for travel enthusiasts looking to earn valuable rewards while enjoying a range of additional benefits. With this card, you’ll earn 2 Aventura Points for every dollar spent on travel purchases through the CIBC Travel Rewards Centre. Additionally, you’ll earn 1.5 Aventura Points per dollar spent on eligible gas stations, electronic vehicle charging stations, groceries, and drug stores.

One of the highlights of the CIBC Aventura Gold Visa Card is its generous welcome offer. In the first year, you can earn up to 35,000 Aventura Points, which can be redeemed for flights, hotels, vacation packages, merchandise, and more.

While the CIBC Aventura Gold Visa Card offers exceptional rewards, it also comes with an annual fee of $139. However, CIBC waives the annual fee for the first year, allowing you to experience the benefits of the card without any additional costs.

When it comes to additional perks, the CIBC Aventura Gold Visa Card doesn’t disappoint. Cardholders enjoy access to airport lounges, travel medical insurance coverage, and purchase security and extended warranty protection for added peace of mind.

The CIBC Aventura Gold Visa Card is a top choice for avid travelers who want to earn valuable rewards and enjoy a range of additional benefits. With its generous welcome offer, you can earn up to 35,000 Aventura Points in the first year. Plus, the card provides access to airport lounges and offers travel medical insurance, making it an ideal companion for your next adventure.

CIBC Dividend Visa Infinite Card

The CIBC Dividend Visa Infinite Card is a popular credit card choice for Canadians looking to maximize their cash back rewards. With generous cash back rates and a competitive annual fee, this card offers great value for your spending.

Cash Back Rewards

One of the main highlights of the CIBC Dividend Visa Infinite Card is its cash back rewards program. With this card, you can earn:

• 4% cash back on groceries and gas purchases
• 2% cash back on dining, transportation, and recurring bills
• 1% cash back on all other purchases

Unlike some other cash back cards, there is no limit to the amount of cash back you can earn, allowing you to accumulate rewards quickly and easily.

Welcome Offer

When you sign up for the CIBC Dividend Visa Infinite Card, you’ll also enjoy a generous welcome offer. You can earn 10% cash back on $2,000 in net purchases over the first four statements, giving you a great boost to your cash back earnings right from the start.

Annual Fee

With all the benefits and rewards it offers, the CIBC Dividend Visa Infinite Card comes with a reasonable annual fee of $120.

This fee is easily offset by the cash back rewards you can earn, making it a worthwhile investment for those who spend regularly on groceries, gas, dining, transportation, and recurring bills.

Eligibility

In order to qualify for the CIBC Dividend Visa Infinite Card, you need to have a minimum annual personal income of $60,000 or an annual household income of $100,000.

This ensures that the card is accessible to individuals who have a stable income and are able to manage their credit responsibly.

Summary

The CIBC Dividend Visa Infinite Card is a top choice for Canadians looking to earn cash back rewards on their everyday purchases. With its attractive cash back rates, welcome offer, and reasonable annual fee, this card offers a great combination of value and benefits. Apply for the CIBC Dividend Visa Infinite Card today and start maximizing your cash back rewards!

CIBC Aeroplan Visa Business Plus

The CIBC Aeroplan Visa Business Plus is a credit card designed specifically for businesses, offering a range of benefits and rewards. With this card, you can earn Aeroplan points on a variety of purchases, making it a valuable tool for businesses that frequently travel.

When using the CIBC Aeroplan Visa Business Plus, you can earn 2 points per dollar on Air Canada purchases, travel purchases, dining, shipping, internet and phone purchases. Additionally, you can earn 1.5 points per dollar on non-Air Canada flights, cruises, rental cars, and tours, as well as transportation and dining.

One of the standout features of this card is the welcome offer. In the first year, you can earn up to 60,000 Aeroplan Points, giving your business a significant boost towards travel rewards. These points can be redeemed for flights, hotels, car rentals, and more, making it easier than ever to save on business travel expenses.

In terms of fees, the CIBC Aeroplan Visa Business Plus has an annual fee of $120. However, the fee is rebated in the first year, meaning you can enjoy the benefits of the card without any upfront cost. This makes it an attractive option for businesses looking to maximize their rewards without breaking the bank.

In addition to the earning potential and welcome offer, the CIBC Aeroplan Visa Business Plus also comes with a range of additional benefits. These include airport lounge access, travel insurance coverage, and a one-time Air Canada Buddy Pass, allowing you to bring a friend or colleague on a flight with you.

Key Features:

• Earn 2 points per dollar on Air Canada purchases, travel purchases, dining, shipping, internet, and phone purchases
• Earn 1.5 points per dollar on non-Air Canada flights, cruises, rental cars, and tours, as well as transportation and dining
• Welcome offer of up to 60,000 Aeroplan Points in the first year
• Annual fee of $120, rebated in the first year
• Airport lounge access, travel insurance, and a one-time Air Canada Buddy Pass

If your business frequently travels and values the flexibility of Aeroplan points, the CIBC Aeroplan Visa Business Plus could be the perfect credit card for you. With its generous rewards and range of additional benefits, it provides an excellent opportunity to earn and redeem points on your business expenses.

BMO CashBack Mastercard for Students

The BMO CashBack Mastercard for Students is an excellent choice for students looking to earn cash back on their everyday purchases. With its attractive welcome offer, generous cash back rates, and no annual fee, this credit card is designed to provide financial flexibility and rewards for students in Canada.

Welcome Offer

With the BMO CashBack Mastercard for Students, you can take advantage of a lucrative welcome offer. Earn 5% cash back on up to $2,500 worth of purchases within the first three months. This is a great opportunity for students to maximize their savings and make the most of their spending.

Cash Back Rewards

One of the key features of the BMO CashBack Mastercard for Students is its cash back rewards program. You’ll earn 3% cash back on groceries, making it an ideal card for students who frequently shop for food. Additionally, you’ll earn 1% cash back on recurring bill payments and all other spending, allowing you to earn rewards on all aspects of your student life.

No Annual Fee

As a student, managing your expenses is crucial. That’s why the BMO CashBack Mastercard for Students has no annual fee. You can enjoy the benefits of cash back rewards without any additional costs, giving you more financial freedom and flexibility.

Additional Benefits

In addition to cash back rewards and no annual fee, the BMO CashBack Mastercard for Students offers additional benefits that enhance your overall experience. You have the option to apply your cash back directly to a BMO chequing, savings, or InvestorLine account, allowing you to easily access your rewards. The card also provides access to spending tracking tools, helping you stay on top of your finances and make informed decisions.

American Express Green Card

The American Express Green Card is an excellent choice for Canadians who want to earn rewards on their everyday purchases. With this card, you can earn 1 Membership Rewards point per dollar on all eligible purchases. Additionally, you’ll earn an extra point when booking hotel stays and car rentals through Amex Travel.

One of the standout features of the American Express Green Card is its welcome offer. If you spend a minimum of $1,000 in the first three months, you’ll receive a generous bonus of 10,000 Membership Rewards points. This is a great way to kickstart your rewards earning journey.

Another benefit of the American Express Green Card is that it has no annual fee. This means you can enjoy the perks and rewards of the card without having to worry about any additional costs.

Furthermore, the American Express Green Card offers a range of additional benefits. With Front Of The Line access, you’ll have the opportunity to secure exclusive event tickets before they become available to the general public. The card also provides 90 days of purchase protection, giving you peace of mind when making eligible purchases. Additionally, you can transfer your Membership Rewards points to various travel loyalty programs, allowing you to maximize their value.

Key Features of the American Express Green Card:

• Earn 1 Membership Rewards point per dollar on all eligible purchases
• Bonus point when booking hotel stays and car rentals through Amex Travel
• Welcome offer: 10,000 bonus Membership Rewards points with a minimum spend of $1,000 in the first three months
• No annual fee

With its rewarding points structure, welcome offer, and no annual fee, the American Express Green Card is a strong contender for Canadians looking for a credit card that offers great value.

MBNA True Line Mastercard

The MBNA True Line Mastercard is an excellent choice for those looking to consolidate their credit card debt. With a promotional interest rate of 0% on balance transfers for 12 months, this card allows you to save money by avoiding high interest charges. To take advantage of this offer, simply transfer your balance within 90 days of opening your account.

One of the biggest advantages of the MBNA True Line Mastercard is its no annual fee policy. This means you won’t have to worry about paying any extra fees just for having the card in your wallet.

Another key feature of this card is its standard interest rate of 12.99% for both purchases and balance transfers. This rate is lower than the average credit card interest rate, making it a cost-effective option for everyday spending.

In addition to these benefits, the MBNA True Line Mastercard offers fraud protection, ensuring that your transactions are secure. You’ll also have the option to transfer available credit to your chequing account, providing you with greater flexibility and control over your finances.

• Lower than average standard interest rate
• Fraud protection
• Option to transfer available credit to chequing account

MBNA Rewards Platinum Plus

The MBNA Rewards Platinum Plus credit card is an excellent choice for those looking to earn rewards without having to pay an annual fee. With this card, you can earn points on various purchases and take advantage of a generous welcome offer.

Points and Rewards

When you first get the MBNA Rewards Platinum Plus card, you’ll earn 4 points per dollar spent on restaurant, grocery, digital media, membership, and utility purchases in the first 90 days. After that period, you’ll earn 2 points per dollar in these categories. Additionally, you’ll earn 1 point per dollar on all other purchases.

These points can be redeemed for a wide range of rewards, including travel, merchandise, gift cards, and more. With the MBNA Rewards program, you have the flexibility to choose the rewards that suit your lifestyle and preferences.

Welcome Offer

As a new cardholder, you’ll also enjoy a welcome offer of 10,000 MBNA Rewards points when you spend $500 on eligible purchases and switch to e-statements. This is a great way to kickstart your rewards and maximize the benefits of the card right from the beginning.

No Annual Fee and Additional Benefits

One of the standout features of the MBNA Rewards Platinum Plus card is that it comes with no annual fee. This means you can enjoy the rewards and benefits of the card without having to pay an annual fee.

In addition to the welcome offer and no annual fee, the MBNA Rewards Platinum Plus card also offers additional benefits such as a birthday bonus, mobile device insurance, and customer protection insurance. These perks can add even more value to your card and enhance your overall experience.

KOHO Prepaid Mastercard

The KOHO Prepaid Mastercard is a convenient and flexible payment solution that offers cash-back rewards to cardholders. With this card, you can earn 0.5% cash back on all purchases, allowing you to save money on your everyday expenses. Additionally, the KOHO Prepaid Mastercard gives you the opportunity to earn 2% cash back on three major purchase categories of your choice, tailored to your specific spending habits and preferences.

What makes the KOHO Prepaid Mastercard even more appealing is its partnership with selected KOHO partners, which allows you to enjoy additional cash back when shopping at their establishments. This means that you can maximize your savings and get even more value out of your purchases.

When it comes to fees, the basic plan of the KOHO Prepaid Mastercard does not have an annual fee, making it an attractive option for those who want to minimize costs while still enjoying the benefits of a cash-back rewards card. However, if you’re looking for additional perks and rewards, you can opt for a premium account that comes with a monthly fee. The premium account offers extra benefits, such as enhanced cash-back rates or exclusive offers, that can further enhance your cardholder experience.

In addition to its cash-back rewards and flexible account options, the KOHO Prepaid Mastercard offers wide acceptance as a Mastercard, allowing you to make purchases anywhere that accepts Mastercard. This ensures that you can use your card conveniently and without limitations.

To help you manage your finances effectively, the KOHO Prepaid Mastercard also provides access to BMO Financial Insights, allowing you to track your spending and budget more efficiently. This feature can empower you to make informed financial decisions and stay on top of your financial goals.

Furthermore, the KOHO Prepaid Mastercard includes credit-building features that can help you establish and improve your credit history. By using the card responsibly and making timely payments, you can strengthen your credit profile, which can be beneficial for future financial endeavors.

Overall, the KOHO Prepaid Mastercard offers an attractive package of cash-back rewards, flexible account options, and additional benefits that can enhance your financial journey. Whether you’re looking to save money on everyday expenses or build your credit, this card can be a valuable tool in achieving your financial goals.

Conclusion

In conclusion, this article has provided valuable information on the best credit cards in Canada. By evaluating their rewards, welcome offers, annual fees, and additional benefits, you can choose the best credit card that suits your lifestyle and financial needs. When making a decision, it’s important to consider your spending habits and priorities.

Whether you prefer cash back, travel rewards, or points, there is a credit card option for you. Take advantage of the rewards and benefits that align with your everyday expenses. Remember that responsible credit card usage is crucial in order to build a good credit history and avoid unnecessary debt.

By using the information in this article, you can confidently navigate the vast array of credit cards available in Canada and make an informed decision. Choose the card that offers the most value for your specific circumstances, and enjoy the benefits and convenience that come with it. Happy card shopping!