Compare Credit Cards for October 2020

Compare rewards, cash back, low interest, balance transfer, secured cards and more.


NameRewardPurchase Interest RateCash Advance RateAnnual Fee
Earn 3 TD Rewards Points per $1 spent on travel booking via ExpediaForTD.com, 2 points when you book via phone, 2 points on grocery dining and bill payments and 1 point on all other spend.

19.99%

22.99%

$0

Details
Annual fee rebate with minimum spend of US$1,000 per year.

19.99%

22.99%

$35

Details
Receive 1% cash back on payments made at gas stations, supermarkets, pharmacies and recurring bill payments.

7.99%

22.99%

$0

Details
Earn 1.5% cash back per $1 spent at Shell stations in Canada and 0.5% on everything else.

19.99%

22.99%

$0

Details
Low interest rates of 12.99% on purchases and cash advances.

12.99%

12.99%

$20

Details
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends January 31, 2020.

19.95%

19.95%

$0

Details
Get 1% cash back on purchases made at gas stations, grocery stores and drug stores, and on recurring bill payments, plus an additional 0.5% cash back on all other spend.

7.99%

22.99%

$0

Details
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.

19.99%

22.99%

$0

Details
Save on interest by consolidating your higher-rate balances and get a low 12.99% purchase interest rate.

12.99%

12.99%

$29

Details
Earn 4% Money-Back Rewards in up to 3 categories of your choice. Offer ends January 31, 2020.

19.95%

19.95%

$0

Details
Earn 1% cash back on all other purchases. No caps, no limit.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and 1 mile per $20 spent for all other purchases.

19.99%

22.99%

$0

Details
Get 5% cash back on travel purchases via Scotia Rewards Travel Service and earn 1 Scotia Rewards point for every $1 spent on daily purchases.

19.99%

22.99%

$110

Details
Get up to 5% in GM Earnings on your initial spend of $5,000 in the first year, and 2% thereafter.

19.99%

22.99%

$0

Details
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.

19.99%

22.99%

$399

Details
Earn 1% cash back on all other purchases. No caps, no limit.

19.99%

22.99%

$0

Details
Earn 1.25 AIR MILES reward miles at Shell stations in Canada and 1 mile per $15 spent for all other purchases.

19.99%

22.99%

$99

Details
Earn 1.5% cash back on all purchases. No cap and no limit.

19.99%

22.99%

$0

Details
Make purchases in U.S. Dollars without credit card foreign currency conversion rates.

19.99%

22.99%

$39

Details
Earn 1 Aeroplan Mile for every $1 spent on eligible grocery, gas and drugstore purchases and 1 mile for every $1.50 spent on other purchases.

19.99%

22.99%

$89

Details
Get 3% cash back per $1 spent at Shells stations, 1.25% cash back on all other spend.

19.99%

22.99%

$79

Details
Save with a low interest rate and no annual fee

16.99%

16.99%

$0

Details
Earn 1 BMO Rewards point for every $1 spent.

19.99%

22.99%

$0

Details
Earn 4% cash back per $1 spent on groceries & recurring bill payments, 2% per $1 spent on gas & public transit and 1% per $1 spent on all other spend.

20.99%

22.99%

$120

Details
Earn 1% in cash back on eligible groceries, gas, and bill payments and 0.5% in cash back on all other purchases.

19.99%

22.99%

$0

Details
Earn 5 Scotia Rewards points per $1 spent on groceries, dining and entertainment, 3 points on gas, transportation and streaming services, and 1 point on every other purchase.

19.99%

22.99%

$120

Details
Earn 2 AIR MILES reward miles per $20 spent at Sobeys, Foodland and eligible AIR MILES partners, and 1 AIR MILE for every $20 spent elsewhere.

19.99%

22.99%

$0

Details
Get up to 5% in GM Earnings upon initial spend of $10,000 in the first year and 2% subsequently.

19.99%

22.99%

$0

Details
Earn 1 SCENE point per $1 spent on all eligible purchases, plus 5 SCENE points for every $1 spent at Cineplex Entertainment theatres or cineplex.com.

19.99%

22.99%

$0

Details
2% cash back on eligible gas stations, grocery and drug store purchases including recurring payments. T&C's apply.

19.99%

22.99%

$39

Details
Earn 1 mile per $10 spend in purchases.

19.99%

22.99%

$0

Details
Earn 3 BMO Rewards points per $1 spent on dining, travel and entertainment purchases and 2 points for all other purchases.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners and and 1 miles per $20 spend in credit card purchases.

19.99%

22.99%

$0

Details
Earn 2x the Miles for every $20 spent at eligible AIR MILES partners, and 1 Mile per $20 spent elsewhere.

19.99%

22.99%

$0

Details
Earn 2x AIR MILES reward miles per $20 spent at eligible partners and IGA stores and 1 mile per $20 spent for all other purchases.

19.99%

22.99%

$0

Details
Earn 2 Scotia Rewards points per $1 spent on eligible grocery stores, dining, entertainment purchases, and daily transit. Earn 1 Scotia Rewards points per $1 spent on all other eligible purchases.

19.99%

22.99%

$139

Details
Earn 1.5 miles for every $1 spent on eligible grocery, gas, drugstore and aircanada.com purchases and 1 mile for every $1 spent elsewhere. T&C's apply.

19.99%

22.99%

$120

Details
Earn 5 TD Points per $1 in travel booked online through Expedia for TD, 3/$1 in grocery purchases and regularly recurring bill payments and 2/$1 on all other purchases.

19.99%

22.99%

$89

Details
Get 1.5 miles for every $1 spent on eligible grocery, gas, drugstore and Air Canada purchases and 1.25 miles for every $1 spent elsewhere.

19.99%

22.99%

$399

Details
Get 3% cash back on eligible groceries, gas and bill payments and 1% cash back on all other purchases.

20.99%

22.99%

$0

Details
Earn 9 TD Points per $1 in travel booked online through Expedia for TD, and 3 points/$1 spent elsewhere.

19.99%

22.99%

$120

Details
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.

19.99%

22.99%

$120

Details
Get 2% cashback after the Welcome Rate on all purchases. No cap and no limit.

19.99%

22.99%

$99

Details
1.25% cash back rate on all purchases when your welcome offer ends. No cap.

19.99%

22.99%

$0

Details
Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.

19.99%

22.99%

$299

Details
Other purchases 1% Cash Back Welcome Offer: Get 5% cash back on every purchase in your first 3 months*.

19.99%

22.99%

$0

Details

12.99%

24.99%

$0

Details

16.99%

16.99%

$0

Details

12.99%

12.99%

$20

Details

8.99%

24.99%

$39

Details
Other purchases 0.5% Cash Back Earn 0.5 points per $1 on all of your spending

20.99%

22.99%

$0

Details
Other purchases 1 point per dollar 1 BMO Rewards point for every $1 spent

19.99%

22.99%

$0

Details
Other purchases 2% Cash Back Welcome Offer: Get 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months. Earn 2% cash back on all purchases when your Welcome Rate ends.

19.99%

22.99%

$99

Details
Gas Groceries Pharmacy 0.1 points per dollar Earn 1 reward mile for every $10 in Card purchases Other purchases 0.067 points per dollar Earn 1 reward mile for every $15 in Card purchases

19.99%

22.99%

$120

Details

8.99%

8.99%

$0

Details
Other purchases 0.05 points per dollar Get 2x the Miles for every $20 spent at participating AIR MILES Partners. Get 1 Mile for every $20 spent everywhere else.

19.99%

22.99%

$0

Details

10.9%

12.9%

$35

Details
Gas Groceries Pharmacy Bills 2% Cash Back On the first $25,000 on eligible gas station, grocery store and drug store purchases and on recurring bills per year; earn 1% cash back per dollar thereafter. Other purchases 1% Cash Back

19.99%

21.99%

$39

Details
Other purchases 1.5 points per dollar 1.5 points per $0 to $40,000 in purchases Other purchases 2 points per dollar 2 points per $40,001 to $80,000 in purchases

20.99%

22.99%

$150

Details

12.9%

12.9%

$30

Details

12.99%

12.99%

$29

Details
Other purchases 2% Cash Back in chosen 2% Money-Back Categories. 0.5% on all other purchases.

19.95%

19.95%

$0

Details

13.99%

13.99%

$29

Details
Gas Groceries 1.5% Cash Back On gas, groceries and most online purchases Other purchases 1% Cash Back

20.99%

22.99%

$30

Details
Gas Groceries Restaurants Travel Pharmacy Bills Entertainment Other purchases 2.5% Cash Back Earn 2.5% cash back on purchases (up to $150 cash back) for the first 3 months. Earn 1.25% cash back thereafter. Other purchases 1.25% Cash Back

19.99%

22.99%

$0

Details
Other purchases 2 points per dollar Earn up to 2 points per dollar spent on purchases.

20.99%

22.99%

$115

Details
Travel Restaurants Entertainment 3 points per dollar Other purchases 2 points per dollar

19.99%

22.99%

$150

Details
Groceries Entertainment Restaurants 5 points per dollar Earn 5 Scotia Rewards points forevery $1 you spend at eligible grocery stores, dining and entertainment Travel Other purchases 3 points per dollar Earn 3 Scotia Rewards points for every $1 you spend

19.99%

22.99%

$120

Details
Groceries Restaurants Entertainment Travel 2 points per dollar Earn 2 Scotia Rewards points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more). Other pu

19.99%

22.99%

$139

Details
Travel 5 points per dollar Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties Other purchases 2 points per dollar Earn 2 points for every $1 in all other Card purchases

19.99%

22.99%

$120

Details
Other purchases 0.05 points per dollar Get 2x the Miles for every $20 spent at participating AIR MILES Partners. Get 1 Mile for every $20 spent everywhere else.

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar 1 AIR MILE for every $20 in card purchases everywhere else

19.99%

22.99%

$0

Details
Gas Groceries Restaurants 2 points per dollar 2 points‡ for every $1 spent on eligible gas, groceries and restaurant purchases ($5,000 annual cap on each category) Other purchases 1 point per dollar 1 point‡ for every $1 in eligible purchases

19.99%

24.99%

$0

Details
Other purchases 2 points per dollar 2 points‡ for every $1 in eligible purchases

19.99%

24.99%

$120

Details
Other purchases 1 point per dollar 1 BONUSDOLLAR = one Canadian dollar

19.9%

19.9%

$30

Details
Travel 5 points per dollar Earn 55 TD Rewards Points for every $1 when you book travel online through ExpediaForTD.com Groceries Bills 3 points per dollar Earn 3 TD Rewards Points for every $1 in grocery purchases3 and regularly recurring bill payments4 O

19.99%

22.99%

$89

Details
Gas Groceries Pharmacy Travel 1 point per dollar Earn 1 point for every $1 spent at gas stations, grocery stores and drugstores, and on travel purchased through the CIBC Rewards Centre. Other purchases 0.5 points per dollar Earn 1 point for every $2 on al

19.99%

22.99%

$0

Details
Other purchases 1 point per dollar Earn one Scotia Rewards point on all eligible everyday purchases.

19.99%

22.99%

$0

Details
Gas Groceries Travel Pharmacy 1.5 points per dollar Earn 1.5 miles4 for every $1 spent on eligible grocery, gas, drugstore and aircanada.com purchases (excluding Air Canada Vacation packages) Other purchases 1 point per dollar Earn 1 mile5 for every $1 sp

19.99%

22.99%

$120

Details
Other purchases 0.1 points per dollar Earn 1 reward mile for every $10 in credit card purchases*

19.99%

22.99%

$120

Details
Travel 3 points per dollar Earn 3 TD Rewards Points for every $1 when you book travel online through ExpediaForTD.com4 Groceries Restaurants Bills 2 points per dollar Earn 2 TD Rewards Points for every $1 in grocery, restaurant and fast food purchases2, a

19.99%

22.99%

$0

Details
Travel 9 points per dollar Earn 9 TD Points/$17 on travel booked online through Expedia For TD8 Other purchases 3 points per dollar Earn 3 TD Points/$17 on all other net purchases

19.99%

22.99%

$120

Details
Travel 2 points per dollar Earn 2 Aventura points per dollar when you book your trip through the CIBC Aventura Rewards Centre, and 1 point per $1 spent otherwise Gas Groceries Pharmacy 1.5 points per dollar Earn 1.5 Aventura points for every $1 you spend

19.99%

22.99%

$120

Details
Other purchases 1 point per dollar 1 BONUSDOLLAR = one Canadian dollar

19.9%

19.9%

$110

Details
Travel 1 point per dollar Earn 5% cash back on travel purchased through Scotia Rewards Travel Service. Other purchases 1 point per dollar

19.99%

22.99%

$110

Details
Gas 1.25 points per dollar 1.25 AIR MILES on card purchases at Shell locations in Canada Other purchases 1 point per dollar 1 AIR MILE for every $15 spent in card purchases everywhere else

19.99%

22.99%

$99

Details
Other purchases 2 points per dollar $0 to $20,000: 1.5% of purchases in BONUSDOLLARS, Over $20,000: 2% of purchases in BONUSDOLLARS

19.9%

19.99%

$130

Details
Entertainment 3 points per dollar at CIBC bonus reward spas Travel 3 points per dollar at CIBC bonus rewards hotels Restaurants 3 points per dollar at participating CIBC Bonus Rewards restaurants Gas Groceries Pharmacy 1.5 points per dollar up to $80,000

19.99%

22.99%

$120

Details
Other purchases 1 point per dollar Earn 1 AIR MILES Reward Mile for every $20 in credit card purchases* Gas 1.25 points per dollar Earn 1.25x the Miles for every $20 you spend at participating Shell stations.

19.99%

22.99%

$0

Details
Gas Groceries Entertainment Restaurants 4 points per dollar on the first $100,000 spent each year; 1 point thereafter Other purchases 1 point per dollar on all other eligible expenses

19.99%

22.99%

$399

Details
Groceries Gas Bills 1% Cash Back Earn 1% in Cash Back Dollars on eligible grocery Purchases and gas Purchases and on regularly recurring bill payments set up on your Account Other purchases 0.5% Cash Back Earn 0.5% in Cash Back Dollars on all other Purcha

19.99%

22.99%

$0

Details
Bills Groceries 4% Cash Back 4% on eligible recurring bill payments and grocery store purchases Gas Travel Other purchases 2% Cash Back 2% on eligible gas station and daily transit purchases Other purchases 1% Cash Back 1% cash back on all other eligible

20.99%

22.99%

$120

Details
Restaurants Bills 1% Cash Back Earn 1% cashback on restaurants purchases and recurring pre-authorized payments Other purchases 0.5% Cash Back Earn 0.5% cashback on all other purchases.

20.99%

22.99%

$0

Details
Gas 3% Cash Back 3% CashBack for every dollar spent on purchases at Shell locations in Canada Other purchases 1.25% Cash Back 1.25% CashBack for every dollar spent on purchases everywhere else

19.99%

22.99%

$79

Details
Groceries 2% Cash Back Earn 2% cash back on your first $6,000 in net annual grocery purchases Other purchases 0.5% Cash Back 0.5% cash back on first $6,000 in net annual purchases, 1% everything over $6,000

19.99%

22.99%

$0

Details
Gas Groceries Pharmacy Bills 2% Cash Back Earn 2% cash back on gas, grocery and pharmacy store purchases and utility bill payments Other purchases 1% Cash Back Earn 1% cash back on all other eligible purchases

19.5%

21.99%

$49

Details
Gas Groceries 4% Cash Back Other purchases 1% Cash Back 2% cash back on Tim Hortons® and TELUS® purchases. 1% cash back on all other purchases

19.99%

22.99%

$99

Details
Other purchases 1% Cash Back Earn 1 point for every $1 USD of net purchases.

19.5%

21.99%

$65

Details
Gas Groceries Pharmacy Bills 1% Cash Back Other purchases 0.5% Cash Back

19.99%

21.99%

$0

Details
Gas Groceries 2% Cash Back Welcome Offer: Get 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500). Earn 2%‡ thereafter. Other purchases 0.5% Cash Back

19.99%

24.99%

$0

Details
Gas Groceries Pharmacy Bills 1% Cash Back 1% cash back on eligible gas station, grocery store and drug store purchases, and recurring bill payments Other purchases 0.5% Cash Back 0.5% cash back on all other eligible everyday purchases

19.99%

22.99%

$0

Details
Gas 1.5% Cash Back 1.5% CashBack for every dollar you spend on purchases at Shell locations in Canada Other purchases 0.5% Cash Back 0.5% CashBack on every dollar you spend on purchases everywhere else

19.99%

22.99%

$0

Details
Other purchases 1% Cash Back Welcome Offer: Get 5% cash back on every purchase in your first 3 months*.

19.99%

22.99%

$0

Details
Gas Groceries 4% Cash Back on your grocery store and gas station purchases up to $20,000 in net annual purchases for each Other purchases 1% Cash Back

19.99%

22.99%

$99

Details
Other purchases 0.5% Cash Back Earn 1% cash back on contactless and preathorized payments, 0.5% cash back on all purchases

19.9%

19.9%

$0

Details
Other purchases 10% Cash Back Earn 10% on all eligible purchases for the first 3 months1 up to a total spend of $2,000. Groceries Gas Bills 3% Cash Back Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases3, and on regularly recurr

20.99%

22.99%

$120

Details
Other purchases 0.5% Cash Back Earn 1% cash back on contactless and preauthorized payments, 0.5% cash back on all other purchases.

19.9%

19.99%

$0

Details
Other purchases 1% Cash Back

19.8%

19.8%

$75

Details
Gas Groceries 2% Cash Back Welcome Offer: Get 5% cash back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500). Earn 2%‡ thereafter. Other purchases 1% Cash Back G

19.99%

24.99%

$39

Details
Other purchases 4% Cash Back Earn 4%† back in Canadian Tire Money® when you shop at Canadian Tire, Sport Chek®, and participating Marks®/L’Équipeur and Atmosphere® locations Groceries 3% Cash Back Earn 3% (1) back in Canadian Tire Money® when you shop at

19.99%

22.99%

$0

Details
Gas Groceries 4% Cash Back Earn 4% cash back on gas and grocery store purchases. Pharmacy Bills 2% Cash Back Earn 2% cash back on pharmacy purchases and utility bill payments Other purchases 1% Cash Back 1% on all other eligible purchases

19.5%

21.99%

$99

Details
Other purchases 1.5% Cash Back Welcome Offer: Get 5% cash back on every purchase in your first 3 months. *

19.99%

22.99%

$120

Details
Other purchases 1.25% Cash Back Earn 1.25% in Walmart Reward Dollars on your purchases at Walmart stores in Canada or at Walmart.ca Other purchases 1% Cash Back Earn 1% everywhere else Mastercard is accepted.

19.89%

21.49%

$0

Details
Travel 3% Cash Back 3% unlimited cash back rewards on all eligible purchases made in a foreign currency Other purchases 2% Cash Back 2% unlimited cash back rewards on Rogers™ products and services charged to your card Other purchases 1.25% Cash Back 1.25%

19.99%

21.5%

$0

Details

How to choose a balance transfer credit card

There are different types of balance transfer credit cards. How can I find which one is good for me? A balanced transmission can save your money if you have high-interest rate credit card debt. Once you find a decent balance transfer card, you can transfer your current debt to a new card. This charges a much lesser interest rate. You can repay debt faster at the lowest rate, save money, and get rid of a debt at a much faster rate. However, not all balance transmission credit cards are good credit cards that can diminish the debt facility.

What is the Balance Transfer credit card?

When performing a balance transfer or transfer the existing debt to a new credit card, this credit card charges 0% for a certain period. Balance transfer credit cards usually offer a 0% APR for 12, 15 or 18-month period. The purpose is to pay the debt before the end of the period, without accruing interest. That generally means avoiding extra purchases with the card in the meantime.

Some balance transmission cards offer benefits such as cashback on buying, access to free credit score checking, and mobile phone insurance to cover robbery and damage if you pay with the card. Also, within a few months after opening an account, you can use a certain amount to find a card that offers a sign-up bonus. However, benefits such as sign-up bonuses are not always worth the potential growth of the balance, as the balance transfer card, are best used to pay off debt and do not accumulate any more.

How to choose the best balance transfer credit card 

You want to make sure you find the right card for you. Here are a few tips to help you to choose a balance transfer that makes sense for you. Keep these important things in mind when choosing a card.

The introductory balance transfer rate and period

Many balance transfer credit cards have low overview rates or zero percent for balance transfers. The introductory interest rate reduces or eliminates the monthly financial costs of a balance transfer over a period of time. The absence of financial fees makes it easier to pay your credit card balance. 0% is ideal, but low rates, such as 2.99%, are also suitable.

Normal balance transfer APR

At the end of the implementation period, you will pay interest at the normal balance transfer rate (which may be the same as the purchase rate). This is especially true if you do not want to pay high-interest rates after the end of the promotion period, especially if the promotion period is not long enough to pay the full balance transfer.

Transfer APR of acquisition with credit card

Many credit cards proposal the same preliminary rate for consumptions and balance transmissions, making the offer even more beneficial. However, the purchase rate for beginners may be against you. If the card has been charged due to a promotional charge, we do not make an effort to remit the balance.

Balance transfer fee

The balance payment fee is naturally 3% to 5% of the balance to be submitted, or a minimum of $ 5. The more money you spend, the higher the commission. It is important to note that the balance transfer fee does not invalidate the interest savings you receive by transferring your balance. If you find a credit card that does not charge a balance transfer fee, study intensely. 

If you are qualified

Don’t expect it to be approved, as you get an offer at a 0% rate. Credit card issuers send large, unapproved proposals to consumers who meet certain basic criteria. Upon application, the card issuer will further analyze credit history, income, and other factors to determine eligibility. Eventually, you may not be eligible for a low-interest rate balance remittance

Transmission time

Some balance transmission credit cards necessitate you to transmission your balance within a certain period. The promotion fee will be applied after opening the account for 60 days. If, for some reason, you are not ready to transfer your balance immediately, wait for a card application or choose a credit card that does not need to be transferred in advance.

Compare the standard APR of the card

If you still borrow money after the 0% rate expires, you will need to pay interest on the remaining balance. It is essential to know the standard fee to be charged. And a card with a higher standard APR than now is probably not needed unless you are 100% sure to pay the balance before it becomes active.

Even if you have a plan to pay what you owe while still having a 0% rate, things can go wrong. Therefore, it is essential to study interest rates, even if you do not care. If the two cards are alike, and one has a lower standard rate, it makes sense to select it in case the balance leftovers.

Let’s look at some of the benefits of receiving a transfer offer. Transferring your balance to a lower interest rate credit card allows you to further reduce your credit card balance. The majority of monthly payments are used to reduce credit card balance, not interest rates, as interest rates may be lower, and financial costs may be eliminated. 

You can pay the full amount before the end of the promotion period. You can transmission your balance to a superior credit card. If your current credit card has bad conditions such as high fees and short grace periods, you can transfer your balance to a better credit card and permanently close your old credit card account. Consolidate credit card debt to reduce monthly credit card payments. Moving multiple credit card balances to one credit card (because of a sufficient credit limit) can save you from having to make multiple payments with multiple credit cards. It is easier to pay your credit card balance than to pay multiple credit cards.