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
Enjoy a full annual fee rebate for the primary cardholder for the first year. Conditions apply. Apply online by March 2, 2020.

N/A

N/A

$25

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
Take advantage of a low annual fee, with no credit check and guaranteed approval once you secure your credit card with some funds.

17.99%

N/A

$12.95

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 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.

19.99%

22.99%

$99

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 1.25 points for every dollar you spend with no limit to the number of points you can accumulate

N/A

N/A

$499

Details
Earn 5 Marriott Bonvoy™ points per dollar spent at participating Marriott Bonvoy™ properties, 3 points on eligible gas, dining and travel and 2 points on all other spend.

19.99%

22.99%

$150

Details
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.

N/A

N/A

$499

Details
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties and 2 points on all other spend.

19.99%

22.99%

$120

Details
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend

N/A

N/A

$699

Details
Earn 5x points on eligible eats and drinks, including groceries and food delivery, 2x points on transit, gas, travel purchases, and 1 point on all other spend.

19.99%

22.99%

$120

Details
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.

N/A

N/A

$120

Details
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

19.99%

22.99%

$0

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
Earn 2 Membership Rewards points for every $1 spent on eligible travel, gas, grocery and drug store purchases and 1 point for every $1 spent elsewhere

N/A

N/A

$150

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 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else

N/A

N/A

$180

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
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.

N/A

N/A

$250

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
Gas Groceries Pharmacy 1 point per dollar Earn 1 reward mile for every $10 in Card purchases at other eligible stand-alone grocery stores, gas stations, and drugstores in Canada Other purchases 1 point per dollar Earn 1 reward mile for every $15 in Card p

19.99%

22.99%

$299

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
Restaurants 3 points per dollar Earn 3 points for every $1 in Card purchases on eligible dining in Canada Travel 2 points per dollar Earn 2 points for every $1 in Card purchases on eligible travel Other purchases 1 point per dollar Earn 1 point for every

30%

22.99%

$699

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 1.25 points per dollar Up to $25,000 per year; earn 1.5 points per dollar on purchases thereafter.

30%

N/A

$499

Details
Restaurants Groceries 5 points per dollar Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery. Travel Gas 2 points per dollar Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and el

19.99%

22.99%

$120

Details
Gas Groceries Travel Pharmacy 2 points per dollar Other purchases 1 point per dollar

30%

N/A

$150

Details
Other purchases 1 point per dollar Earn 1 point for every $1 in purchases charged to the Card.

30%

N/A

$250

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

19.9%

19.9%

$30

Details
Travel 2 points per dollar Earn 2 travel reward points for every $1 of net purchases in foreign currencies Other purchases 1 point per dollar Earn 1 travel reward point for every $1 of net purchases

19.5%

21.99%

$49

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
Other purchases 1% Cash Back Earn 1% cashback on eligible purchases1 in Canada, with no caps on cashback earn

19.99%

19.99%

$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
Other purchases 1 point per dollar 1 AIR MILES reward mile for every $15 in Card purchases everywhere else

30%

N/A

$180

Details
Gas Groceries Pharmacy 1 point per dollar Earn 1 mile3 for every $1 spent on eligible grocery, gas, and drugstore purchases made with the Card (capped annually on the first $80,000 across these categories) Other purchases 1 point per dollar Earn 1 mile4 f

19.99%

22.99%

$89

Details
Other purchases 1.25 points per dollar Earn 1.25 points for virtually every $1 in purchases charged to your Card.

30%

N/A

$499

Details
Other purchases 1 point per dollar Earn 1 reward mile for every $20 in Card purchases everywhere else.

19.99%

22.99%

$0

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
Travel 3 points per dollar Earn 3 points for every $1 of net purchases in foreign currencies Other purchases 1.5 points per dollar Earn 1.5 points for every $1 of net purchases

19.5%

21.99%

$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
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 Other purchases 0.8% Cash Back Earn 0.8%† back in Canadian Tire Money® on all oth

19.99%

22.99%

$0

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
Gas Groceries Pharmacy Bills 1% Cash Back Earn 1% cash back on gas, grocery and pharmacy store purchases and utility bill payments Other purchases 0.5% Cash Back Earn 0.5% cash back on all other eligible purchases

19.5%

21.99%

$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

14.9%

19.8%

$59

Details

Best credit cards in 2020 in Canada

Selecting the best credit card in Canada depends on what you are watching for. Some are looking for travel rewards, while others prefer cash refunds. If you are watching for a hotel credit card or a credit card with no almanac fee, you can acquire details. Once you determine the best credit card, consider adding cardholders so that points can be grouped. To maximize the value of your points, you also need to know the details of your loyalty program.

  1. American Express Personal Platinum
  • $ 699 / year
  • 60,000 sign-up bonus (if you use the referral link)
  • Earn 3 points for every dollar spent on meals
  • Earn 2 points for every dollar spent on travel
  • Earn 1 point for every dollar spent on all other purchases.
  • $ 200 travel credit per year
  • Unlimited access to airport lounge
  • Toronto Pearson special benefits
  • Improve the condition of the hotel.

The American Express Platinum card is a travel credit cards in Canada. What’s better than these other cards is unlimited access to the room. Yes, there is an annual fee of $ 699, but you only get $ 200 per year, so you only pay $ 499 per year. For regular travellers, access to the lounge is worth more and does not take into account additional travel benefits such as improving hotel status or travel insurance. 

  1. PC Financial World Elite MasterCard
  • No annual fee
  • Earn 45 PC Optimum Points per Dollar at Shoppers Drag Mart
  • Earn 30 PC Optimum points for every dollar spent on selling PC products and using PC Travel
  • Earn 30 optimal PC points per liter at Esso / Mobil locations
  • Earn 10 PC Optimum points for every dollar spent on all other purchases

PC Master World Elite MasterCard is the best credit card to buy groceries in Canada, but must be purchased at the Loblaw Store. The reason for this is that this credit card earns 30 optimal PC points for every dollar spent at the Lobrow store. If you shop at another grocery store, you only get 10 points for every dollar spent. If purchased at the Shopper Drug Mart, you will earn 45 points for every dollar spent and 30 points per liter for gas purchased at Esso / Mobil locations. 

  1. BMO Air Miles World Elite Mastercard
  • $ 150 annual fee (free for the first year)
  • 35,000 registration points after $ 3,000 purchase (equivalent to $ 250)
  • $ 100 travel credit when used during the first six months of the card membership (until February 28, 2019)
  • Earn 3 BMO reward points for every dollar spent on food, entertainment and travel purchases
  • Earn 2 BMO Rewards points for every dollar spent on all other purchases
  • MasterCard Airport Experiences membership offered by LoungeKey and 4 free annual passes
  • Includes full package of travel insurance

While travel insurance credit cards can sometimes be a bit tricky, BMO World Elite MasterCard makes things easy. To apply for all insurance, travel expenses must be charged to the credit card. This is essential because many other credit cards need that the card be charged 75% or 100% of the trip buying for the insurance to be real. Another advantage of this card is that during the first year there are frequent promotions that do not charge an annual fee and a $ 250 sign-up bonus.

  1. Marriott Bonvoy American Express
  • $ 120 annual fee
  • Welcome bonus of 50,000 Marriott Bonvoy points
  • Earn 5 Marriott Bonvoy points for every $ 1 when you purchase an eligible card at participating Marriott Bonvoy facilities
  • Earn 2 Marriott Bonvoy points per dollar on all other purchases
  • 15 elite night credits per calendar year
  • Marriott Bonvoy Silver Elite Status
  • Marriott Bonvoy Gold Elite status if you spend $ 30,000 on your card each year
  • Free in-room premium Internet access during your stay at the participating Marriott Bonvoy Hotel

For those who want to earn hotel points, there is no better credit card than the Marriott Bonvoy American Express. Earning rates are five Marriott Bonvoy points for every dollar spent at participating facilities and two points for every dollar spent elsewhere. Cardholders can easily earn higher status, starting with 15 elite night credits each year. 

  1. Rogers World Elite MasterCard
  • No annual fee
  • $ 25 cash reward after first purchase
  • Get 4% cashback for foreign currency purchases
  • Get a 2% refund on Rogers’s products and services
  • Get a 1.75% refund for all other purchases made in Canadian dollars
  • Lounge Card Airport Experiences membership offered by LoungeKey (no pass)

Rogers World Elite MasterCard charges a standard 2.5% foreign transaction fee, but receives a 4% refund for all purchases made in one currency. In other words, you get 1.5% cashback on purchases outside of Canadian dollars. This is impressive because this card has no annual fee.

  1. MBNA True Line Gold Master Card
  • $ 39 annual fee
  • 0% (3%) interest rate on balance transfer for the first 6 months
  • 99% interest rate after the end of the promotion period.
  • 99% interest rate on cash advance

When looking at the list of the best credit cards in Canada, the MBNA True Line Gold Mastercard is perfect for those who are looking for low interest rates and excellent balance transfer options. The promotion balance transfer rate is 0% for 12 months, but a 3% fee applies. At the end of the promotion period, the interest rate rises to 8.99%, but that’s still a good rate considering that most credit cards charge more than 19.99%.

  1. Scotiabank Gold American Express

With this Bank of Nova Scotia credit card, users can earn reward points for selected daily purchases. You get 1 point per dollar for regular purchases and 4 points per dollar for entertainment, food, groceries and gas purchases. There are no travel restrictions and points can be used anytime, anywhere. This card also supports a large minimum credit limit of $ 10,000. Users are covered by seven types of insurance, including travel interruptions and cancellations, medical emergencies, baggage loss and delays, and flight delays. Bonus benefits include a premium concierge, VIP passes for exclusive events, and a free lounge. Customers can also take advantage of special events and experiences such as restaurants, theatre shows, movies, music and shopping.

  • Purchase rate: 19.99%
  • Balance transfer / caching: 22.99%
  • Annual membership fee: $ 399.00