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

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

19.99%

22.99%

$399

Details
Earn 1.25 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 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
Earn 1 BMO Rewards point for every $1 spent.

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
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
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
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
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 point per dollar 1 BMO Rewards point for every $1 spent

19.99%

22.99%

$0

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
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 1.5 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
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 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

Know all about travel cards and their benefits

By now, they seem to have become fundamental, especially if you travel often and book stays and planes directly online. They are prepaid Travel cards, these spectacular account cards that combine the characteristics of a current account with traditional payment functions. Easy to obtain and very simple to use, they are also much more flexible than traditional credit cards and allow better management of expenses.

To answer all the characteristics of simplicity, intelligence, flexibility, and reliability, typical of prepaid cards, comes Travel cards, The simple way to Pay. What is a Travelcard? The travel card is a prepaid MasterCard, which helps us to control our expenses, allowing us to spend only the amount loaded into the card. The advantage of Travel cards is that they can be used all over the world, without commissions and currency exchange costs, nor additional costs if we buy online or in stores—the right solution for all travelers.

But let’s see together what are the advantages of the prepaid card:

The rechargeable cards can be purchased at a banking institution or authorized dealers or directly online. In essence, you enter some data, decide the amount to be loaded (the minimum is 10 euros), and within a few minutes, you proceed with the purchase. The cost of issuing the card is only € 4.95.

Once in your pocket, we can top up our card by cash, other cards, or wire transfer. The amounts arrive immediately and can be used immediately. If we are abroad and have problems to top up our card, we can ask for help from a relative at home, or proceed with a transfer of money from another card: the money will arrive in a few minutes.

We can get bills and payments credited to our prepaid card. So if we frequently travel for study or work, we can monitor our expenses and our payments directly from the PC or smartphone. Furthermore, we are not forced to carry too much cash when we are out: extra security

What are the operations that we can carry out with our prepaid card? First of all, we can have an internet banking service, which is free.

With this type of card, halfway between a rechargeable payment card and a real bank account, we can also make bank transfers and online expenses.

But above all, we can also use our card abroad. The advantage of Travel cards is that it can be used all over the world (obviously in all MasterCard enabled places) and has no commissions or currency exchange costs. We also have free services of all kinds, such as SMS alerts, email alerts, weekly notifications, and money transfers from card to card.

With our prepaid card, we can book hotels directly online. We can pay for our dinners during our stays and rent a car to move to the destination country.

Finally, in case of loss or theft, remember that prepaid cards can be blocked like a normal credit card. In the case of Travel cards, the card will be automatically blocked to protect the funds. Also, they boast an assistance service via email and Facebook, very useful, especially if we are traveling.

Why corporate cards?

The need for the simplicity of travelers and travel managers is based on the continuous leadership of corporate cards. For many travelers, the use of corporate cards avoids the need to prepay travel expenses and eliminates onerous reimbursement processes. For corporate travel managers, corporate cards allow better expense tracking and reconciliation, provide transparency about which their travelers use airlines and accommodations, and whether travel policies are followed and adhered to.

Personal cards are not suitable for business travel

A key challenge that organizations face is related to employees’ use of personal credit cards. Forty-eight percent of respondents say personal cards are used within their organizations, probably driven by two factors: first, the organization may not have a formal policy that prohibits them; secondly, travelers are motivated to obtain cash rewards, loyalty card points or other travel benefits such as access to the airport lounge.

The use of personal cards offers little or no transparency in spending, inhibits the ability of travel managers to fulfill their duty of care responsibilities, prevents organizations from imposing reasonable restrictions on the use of cards, and can make it extremely difficult to manage the reimbursement and reconciliation of expenses.

“When employees of organizations use corporate T&E cards, they can acquire enriched data to reconcile expenses, prevent abuse and overspending, and ultimately negotiate better rates with suppliers,” said Jeff Feuerstein, senior vice president, Global Commercial. Product Management at MasterCard. “The cost of employees who use their cards far outweighs the benefits, so having clear business card usage requirements and educating employees on why using business cards works both at the organization level and for them is essential to favor.”

Unmet needs for travelers

While there is a continued preference for corporate cards, the study has shown that there are unmet needs for some travelers and travel managers, particularly in areas of control or limitation of card use. The expense management of those who do not have cards issued by the company, such as consultants, candidates for interviews, or occasional travelers, has also risen to the top. Although not all companies feel that corporate cards are the answer, they still require an alternative solution to personal cards.

The solution may lie in virtual cards, which offer travelers a single or multipurpose account number for corporate travel purchases. These cards offer many of the benefits of corporate cards (for example, the ability to acquire expense data and avoid the use of personal cards) while solving other challenges.

For example, virtual cards allow travel managers to set spending limits that travelers can spend, to the categories in which they can spend, and also at a temporal level by specifying the period in which the funds can be spent on the business trip. Other key benefits of virtual payments include optimized data acquired for each transaction and the absence of physical cards, which reduces the administrative burden of managing credit limits and monitoring the continuous use of traditional cards.

“Virtual cards can be a great tool for organizations to add to their payment tool kit,” said Heather Miller, community manager for NAPCP. ”

Is the travel manager still doubtful?

There are clear advantages to using each of these company-issued card payment options. Still, travel managers also take into account other considerations such as the size of their organization, the centralized or decentralized nature of managing travel plans, the volume of employee travel, the budget limitations, how the organization uses the data and the tools available to them for the management and analysis of travel expenses strongly influence the choices.

However, there is no “right” way to do things in this sector other than to be agile and open to new options and technologies.