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Finly offers the most personalized and advanced solution to What credit card is best for me?
More details on the tool
We've implemented extensive features in our tool to help you find your best credit cards.
We've gathered nearly all credit cards in Canada into one place, complete with their details about benefits, insurance options, rewards, and requirements. You can input specific information about yourself to quickly narrow down the best credit cards.
FinlyWealth's Advanced Calculator tool provides a clear estimate of the cashback or points you can earn with each card. Since rewards are often the most significant differentiating factor for many people when choosing a card, we have focused on making this feature as accurate as possible, whether you are seeking the best points-based or cashback credit card.
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Total Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$0
Credit Card Preferences
Cash Back or Points
Annual Fee
Special Rebates
Subscription Bonuses
Select all options which you're currently subscribed to (i.e. account owner). The corresponding card reward values will change based on your selection.
Credit & Income Info
Credit Score
Excellent
Income
Personal
$80,000 - $99,999
Household
$100,000 - $149,999
97 cards
97 cards
Net Annual Rewards
Net Annual Rewards*
$886.02
First Year Bonus
$315
First Year Value*
$1,201.02
Credit Score
Good
Card Type
Points
Annual Fee
$155.8
Purchase Interest
21.99%
Cash Interest
21.99%
Institution
American Express
Loyalty:
AmericanExpress rewards
* Annual fee is deducted
Insurance
Coverage
Emergency Out of province Medical
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits
American Express Experiences
Travel Credit
This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, the card has good benefit coverage, making it the best candidate to become the main credit card for the majority of people.
Pros
Cons
Net Annual Rewards*
$493.54
First Year Bonus
$450
First Year Value*
$1,063.54
$75 Cash Rebate From FinlyWealth
Now $200 until Oct 31, 2024
Credit Score
Excellent
Card Type
Points
Annual Fee
$120
$0
First Year Waived
Purchase Interest
20.99%
Cash Interest
22.99%
Institution
Scotiabank
Loyalty:
Scene rewards
* Annual fee is deducted
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Lost or Stolen Baggage
Baggage Delay
Flight Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits
No Foreign Transaction Fees
American Express Experiences
Concierge Services
Discount
The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
Pros
Cons
Net Annual Rewards*
$467.52
First Year Bonus
$300
First Year Value*
$767.52
Credit Score
Very Good
Card Type
Points
Annual Fee
$120
Purchase Interest
19.99%
Cash Interest
24.99%
Institution
MBNA
Loyalty:
MBNA - World Elite rewards
* Annual fee is deducted
Insurance
Coverage
Mobile Device Insurance
Purchase Protection
Extended Warranty
Car Rental Damage & Theft
Flight Delay
Travel Accident
Emergency Out of province Medical
Lost or Stolen Baggage
Baggage Delay
Benefits
Annual Birthday Bonus
Car Rental Discount
Trip and legal Assistance
Concierge Services
Price Protection
The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.
Pros
Cons
Annual Rewards
$457.03
First Year Bonus
$210
First Year Value
$667.03
Credit Score
Good
Card Type
Points
Annual Fee
$0
Purchase Interest
21.99%
Cash Interest
21.99%
Institution
American Express
Loyalty:
AmericanExpress rewards
Insurance
Coverage
Purchase Protection
Extended Warranty
Benefits
American Express Experiences
Extra points
The American Express® Green Card is a great option for those looking for a no-frills card that earns rewards on all purchases without any annual fee or minimum income requirement. It's an accessible card with no cap on rewards, making it ideal for those who want to earn points without the higher costs and complexities of premium cards. However, it does come with lower rewards earnings across most categories and a modest welcome bonus.
Pros
Cons
Net Annual Rewards*
$405.44
First Year Bonus
$0
First Year Value*
$405.44
Credit Score
Very Good
Card Type
Cash Back
Annual Fee
$100
Purchase Interest
19.90%
Cash Interest
19.90%
Institution
Desjardins
* Annual fee is deducted
Insurance
Coverage
Extended Warranty
Purchase Protection
Mobile Device Insurance
Trip Cancellation
Trip Interruption
Emergency Out of province Medical
Emergency Medical Over 65
Baggage Delay
Lost or Stolen Baggage
Car Rental Damage & Theft
Benefits
Airport Lounge - Dragon Pass
Boingo Wi-Fi hotspot
Car Rental Discount
Car Rental Discount
The Desjardins Cash Back World Elite Mastercard stands out for its high earn rates across essential spending categories, including 4% cash back on groceries and 3% on restaurants, entertainment, and transit. Additionally, it offers a slightly lower annual fee compared to other World Elite Mastercards, making it an attractive option for those looking to maximize their rewards without breaking the bank. With added perks like membership to over 1,300 airport lounges and various insurance coverages, this card provides excellent value, especially for frequent travelers and everyday spenders.
Pros
Cons
Net Annual Rewards*
$398.81
First Year Bonus
$135
First Year Value*
$533.81
Credit Score
Very Good
Card Type
Points
Annual Fee
$150
Purchase Interest
20.99%
Cash Interest
22.49%
Institution
National Bank
Loyalty:
National Bank rewards
* Annual fee is deducted
Insurance
Coverage
Purchase Protection
Extended Warranty
Emergency Out of province Medical
Emergency Medical Over 65
Trip Interruption
Trip Cancellation
Baggage Delay
Flight Delay
Lost or Stolen Baggage
Car Rental Damage & Theft
Mobile Device Insurance
Benefits
Airport Lounge - National Bank
Travel Credit
Extra points
The National Bank World Elite Mastercard is a strong choice for frequent travelers who value rewards and comprehensive insurance coverage. With a generous earn rate on everyday spending categories like groceries and restaurants, it offers substantial value, especially if you redeem points for travel. The $150 annual travel credit effectively offsets the card's $150 annual fee, making this card almost "fee-free" if fully utilized. Additionally, the card’s airport lounge access, superior purchase protection, and extended warranties make it a great companion for those who prioritize convenience and peace of mind during their travels.
Pros
Cons
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, the card has good benefit coverage, making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits*
Details*
American Express Experiences
Travel Credit
Eligibility*
Credit Score
Annual Income
I currently have or may soon have an eligible Rogers, Fido or Shaw service as the primary or level 1 authorized user
Rogers Red World Elite® Mastercard®
5
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
This card is one of the best in Canada, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is higher than what almost any other card offers, even those with annual fees! Additionally, for a no-fee card, you gain access to an extensive list of travel benefits, many of which are typically offered only with cards that have annual fees. Therefore, we recommend this card to anyone who meets the income requirements, even if you are not a Rogers customer!
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Trip delay
Benefits
Details
Airport Lounge - Dragon Pass
No Cost roaming
Eligibility
Credit Score
Annual Income
SimplyCash™ Preferred Card from American Express
4.5
Finly Rating
Welcome Bonus*
Up to $250 ($200 in first year)
Annual Fee*
$119.88
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
The Simply Cash Preferred is one of the best cashback credit cards in Canada. The base cashback rate of 2% is great for all purchases, but the 4% on groceries and gas, which are two of the highest expenses for most people is the cherry on top of their great cashback program.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits*
Details*
American Express Experiences
Eligibility*
Credit Score
Annual Income
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, the card has good benefit coverage, making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits*
Details*
American Express Experiences
Travel Credit
Eligibility*
Credit Score
Annual Income
American Express Gold Rewards Card®
4.25
Finly Rating
Welcome Bonus*
Up to 60,000 points
Annual Fee*
$250
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
The American Express® Gold Rewards Card is an excellent choice for travelers seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options. It’s ideal for those who want to maximize their travel rewards without being tied to a specific airline or compromising on the benefits offered.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits*
Details*
Travel Credit
Nexus Application
Airport Lounge - Priority Pass
Airport Lounge - Plaza Premium
Complimentary Hotel Benefits
Status lift
American Express Experiences
Extra points
Eligibility*
Credit Score
Annual Income
American Express® Green Card
3.8
Finly Rating
Welcome Bonus*
Up to 10,000 points ($210 value)
Annual Fee*
$0
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
The American Express® Green Card is a great option for those looking for a no-frills card that earns rewards on all purchases without any annual fee or minimum income requirement. It's an accessible card with no cap on rewards, making it ideal for those who want to earn points without the higher costs and complexities of premium cards. However, it does come with lower rewards earnings across most categories and a modest welcome bonus.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Purchase Protection
Extended Warranty
Benefits*
Details*
American Express Experiences
Extra points
Eligibility*
Credit Score
Annual Income
Scotiabank Passport® Visa Infinite* Card
4.3
Finly Rating
Welcome Bonus
Up to 35,000 Scene+ points
Annual Fee
$150
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The Scotiabank Passport Visa Infinite is a strong choice for frequent travelers, especially those who value flexibility and premium perks. It stands out with its rare benefit of no foreign transaction fees, making international purchases more cost-effective. Additionally, the card offers a valuable blend of travel perks, including airport lounge access, comprehensive insurance coverage, and flexible rewards, making it an ideal companion for those who frequently travel abroad and want to avoid extra fees while enjoying premium benefits.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Benefits
Details
No Foreign Transaction Fees
Airport Lounge - Dragon Pass
Status lift
Concierge Services
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
Annual Income
American Express Platinum Card®
4
Finly Rating
Welcome Bonus*
Up to 100,000 points (70,000 in 1st year)
Rewards Rate*
1x - 2x Points
Annual Fee*
$799
Interest Rates*
21.99% - 30% / 21.99% - 30%
RECOMMENDED CREDIT SCORE*
Why we like it
If you're a frequent traveler, the Platinum card is an excellent choice. It's highly recommended for its extensive travel benefits, including unlimited lounge access for you and a guest at the American Express Lounge collection, making it the best card for lounge access in Canada. The card also offers unique perks not commonly found with other Canadian cards, such as status upgrades at Marriott Bonvoy and Hilton, dining and travel credits, concierge service, airport benefits, Nexus application reimbursement, and more. These benefits can more than offset the annual fee. However, if you don't travel often or are mainly looking for a card that maximizes rewards, this card may not be the best option for you.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits*
Details*
Travel Credit
Dining Credit
Nexus Application
Airport Lounge - American Express Global Lounge
Complimentary Hotel Benefits
Status lift
Status lift
Airport Benefits
Concierge Services
Trip and legal Assistance
American Express Experiences
Extra points
Eligibility*
Credit Score
Annual Income
Scotiabank Passport® Visa Infinite* Card
4.3
Finly Rating
Welcome Bonus
Up to 35,000 Scene+ points
Annual Fee
$150
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The Scotiabank Passport Visa Infinite is a strong choice for frequent travelers, especially those who value flexibility and premium perks. It stands out with its rare benefit of no foreign transaction fees, making international purchases more cost-effective. Additionally, the card offers a valuable blend of travel perks, including airport lounge access, comprehensive insurance coverage, and flexible rewards, making it an ideal companion for those who frequently travel abroad and want to avoid extra fees while enjoying premium benefits.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Benefits
Details
No Foreign Transaction Fees
Airport Lounge - Dragon Pass
Status lift
Concierge Services
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
Annual Income
I currently have or may soon have a Tangerine Savings account
Tangerine World Mastercard
4
Finly Rating
Welcome Bonus
10% Cash Back up to $100 value
Annual Fee
$0
Interest Rates
19.95% / 19.95%
RECOMMENDED CREDIT SCORE
Why we like it
While we think Tangerine World Mastercard isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. For no annual fees
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Purchase Protection
Extended Warranty
Mobile Device Insurance
Car Rental Damage & Theft
Benefits
Details
Boingo Wi-Fi hotspot
Airport Lounge - Dragon Pass
Eligibility
Credit Score
Annual Income
Scotiabank Gold American Express® Card
4.9
Finly Rating
Welcome Bonus
Up to 45,000 Scene+ points ($450 value)
Annual Fee
$120
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Lost or Stolen Baggage
Baggage Delay
Flight Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits
Details
No Foreign Transaction Fees
American Express Experiences
Concierge Services
Discount
Eligibility
Credit Score
Annual Income
Scotiabank Passport® Visa Infinite* Card
4.3
Finly Rating
Welcome Bonus
Up to 35,000 Scene+ points
Annual Fee
$150
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The Scotiabank Passport Visa Infinite is a strong choice for frequent travelers, especially those who value flexibility and premium perks. It stands out with its rare benefit of no foreign transaction fees, making international purchases more cost-effective. Additionally, the card offers a valuable blend of travel perks, including airport lounge access, comprehensive insurance coverage, and flexible rewards, making it an ideal companion for those who frequently travel abroad and want to avoid extra fees while enjoying premium benefits.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Benefits
Details
No Foreign Transaction Fees
Airport Lounge - Dragon Pass
Status lift
Concierge Services
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
Annual Income
WestJet RBC World Elite Mastercard
4
Finly Rating
Welcome Bonus
Up to $450 WestJet Dollars
Annual Fee
$119
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
If you travel frequently with WestJet, you must get this card because you are missing out on many benefits, even if you don't use this card for rewards. The round-trip companion voucher, status lift, and free checked bag benefits alone more than make up for the annual fee. For WestJet purchases, this card is great for earning rewards, but for all other categories, we recommend pairing it with another card.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Travel Accident
Car Rental Damage & Theft
Trip Interruption
Flight Delay
Baggage Delay
Purchase Protection
Extended Warranty
Benefits
Details
Companion Voucher
Status lift
Free first checked bag
Airport Lounge - Dragon Pass
Discount
Boingo Wi-Fi hotspot
Gas Discount
Extra points
Eligibility
Credit Score
Annual Income
TD Aeroplan® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to 40,000 points
Annual Fee
$139
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The TD® Aeroplan® Visa Infinite Card* is an excellent choice for frequent Air Canada travelers looking to maximize their rewards with Aeroplan points. With perks like free checked bags, Preferred Pricing, and a first-year fee waiver, it’s ideal for users who value Air Canada-specific benefits. However, the card’s high income requirement and limited non-Air Canada redemption options may not appeal to everyone.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Mobile Device Insurance
Benefits
Details
Free first checked bag
Nexus Application
Visa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Extra points
Extra points
Status lift
Car Rental Discount
Trip and legal Assistance
Eligibility
Credit Score
Annual Income
TD® Aeroplan® Visa Infinite Privilege*
3.2
Finly Rating
Welcome Bonus
Up to 100,000 points (70,000 in 1st year)
Rewards Rate
1.25x - 2x Points
Annual Fee
$599
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
If you travel a lot throughout the year with Air Canada, the benefits of this card can significantly enhance your experience. It can help you achieve the next status level with Aeroplan and provide a better airport experience, therefore it can be worth the price tag. However, if you don't frequently fly with Air Canada, the benefits may not justify the card's expensive price tag.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Mobile Device Insurance
Benefits
Details
Free first checked bag
Nexus Application
Visa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Extra points
Extra points
Status lift
Car Rental Discount
Trip and legal Assistance
Extra points
Status lift
Status lift
Status lift
Status lift
Airport Benefits
Airport Benefits
Airport Lounge - Dragon Pass
Airport Lounge - Maple Leaf and AirCanada Cafes
Companion Voucher
Eligibility
Credit Score
Annual Income
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
RECOMMENDED CREDIT SCORE
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Travel Accident
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Hotel Burglary Insurance
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits
Details
Airport Lounge - Dragon Pass
Roadside Assistance
Car Rental Discount
Gas Discount
Hotel Booking Discount
Boingo Wi-Fi hotspot
Eligibility
Credit Score
Annual Income
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, the card has good benefit coverage, making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros
Cons
Product Details
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits*
Details*
American Express Experiences
Travel Credit
Eligibility*
Credit Score
Annual Income
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
RECOMMENDED CREDIT SCORE
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Travel Accident
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Hotel Burglary Insurance
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits
Details
Airport Lounge - Dragon Pass
Roadside Assistance
Car Rental Discount
Gas Discount
Hotel Booking Discount
Boingo Wi-Fi hotspot
Eligibility
Credit Score
Annual Income
Scotia Momentum® Visa Infinite* Card
4
Finly Rating
Welcome Bonus
10% Cash Back (up to $200 value)
Annual Fee
$120
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Mobile Device Insurance
Travel Accident
Emergency Out of province Medical
Trip Interruption
Trip Cancellation
Flight Delay
Lost or Stolen Baggage
Baggage Delay
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits
Details
Car Rental Discount
Visa Infinite Exclusive Benefits
Eligibility
Credit Score
Annual Income
Triangle World Elite Mastercard
3.5
Finly Rating
Welcome Bonus
Annual Fee
$0
Interest Rates
21.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
This card is the only one with no annual fee that provides a roadside assistance benefit, which can be a lifesaver for people who travel on the road a lot. The main reason to apply for this card is to have free access to this benefit, given that the rewards are not great in most categories (except for Canadian Tire and grocery purchases).
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Purchase Protection
Car Rental Damage & Theft
Benefits
Details
Gas Discount
Concierge Services
Roadside Assistance
Eligibility
Credit Score
Annual Income
MBNA Rewards World Elite® Mastercard®
4.7
Finly Rating
Welcome Bonus
Up to 30,000 points ($300 value)
Annual Fee
$120
Interest Rates
19.99% / 24.99%
RECOMMENDED CREDIT SCORE
Why we like it
The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Mobile Device Insurance
Purchase Protection
Extended Warranty
Car Rental Damage & Theft
Flight Delay
Travel Accident
Emergency Out of province Medical
Lost or Stolen Baggage
Baggage Delay
Benefits
Details
Annual Birthday Bonus
Car Rental Discount
Trip and legal Assistance
Concierge Services
Price Protection
Eligibility
Credit Score
Annual Income
RBC ION Visa
2.7
Finly Rating
Welcome Bonus
6,000 points ($60 value)
Annual Fee
$0
Interest Rates
20.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
We actually don't like this card. It neither offers great benefits nor rewards, even for a free card. It's a very average card with many better and worse alternatives, both paid and free.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Purchase Protection
Extended Warranty
Benefits
Details
Gas Discount
Extra points
Eligibility
Credit Score
Annual Income
Neo Secured Credit Card
4.7
Finly Rating
Welcome Bonus
N/A
Annual Fee
$60
Interest Rates
19.99% - 29.99% / 22.99% - 31.99%
RECOMMENDED CREDIT SCORE
Why we like it
If you have a poor credit score and are looking to rebuild it with a secured card, then the Neo Financial Secured Credit Card is the best card to go for. This card offers so much more compared to other secured credit cards on the market, including no monthly fees, a low deposit amount needed to get started, and it is the only credit card that offers some rewards on your purchases!
Pros & Cons
Pros
Cons
Product Details
Rewards
Benefits
Details
Neo Premium ($4.99/month)
Neo Travel Benefits ($4.99/month)
Neo Food Cashback boost ($1.99/month)
Neo Mind and Body Perks ($9.99/month)
Eligibility
Credit Score
Annual Income
Scotiabank Platinum American Express® Card
3.5
Finly Rating
Welcome Bonus
Up to 60,000 Scene+ points ($600 value)
Annual Fee
$399
Interest Rates
9.99% / 9.99%
RECOMMENDED CREDIT SCORE
Why we like it
The Scotiabank Platinum American Express is the perfect choice for those seeking a super premium credit card without steep income requirements. With a high flat rate of rewards on all purchases, extensive insurance coverage, and flexible travel redemption options, it offers full-featured perks that cater to frequent travelers and savvy spenders alike.
Pros & Cons
Pros
Cons
Product Details
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Lost or Stolen Baggage
Trip Interruption
Baggage Delay
Flight Delay
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Mobile Device Insurance
Purchase Protection
Extended Warranty
Benefits
Details
No Foreign Transaction Fees
Airport Lounge - Plaza Premium
Airport Lounge - Priority Pass
American Express Experiences
Concierge Services
Discount
Status lift
Extra points
Eligibility
Credit Score
Annual Income
MBNA True Line® Mastercard®
5
Finly Rating
Welcome Bonus
12 months 0% promotional interest rate
Rewards Rate
0%
Annual Fee
$0
Interest Rates
12.99% / 24.99%
RECOMMENDED CREDIT SCORE
Why we like it
Even though this card offers no benefits or rewards, the amount you can save on interest is substantial, making it an excellent option for reducing your monthly payments.
Pros & Cons
Pros
Cons
Product Details
Rewards
Eligibility
Credit Score
Annual Income
EQ Bank Card
3.7
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
N/A / N/A
RECOMMENDED CREDIT SCORE
Why we like it
The EQ bank card is not a credit card; it's a prepaid card, so you will not be able to get the same level of rewards as when using a credit card and it will not build credit. But if getting a prepaid card is your goal, then this card is, without a doubt, the best choice. Voted the best "Prepaid Card" in Canada, this card offers rewards and benefits that are mostly not offered by other prepaid cards. Earning interest on balance, rewards on purchases, no foreign transaction fee, and especially the unique no ATM fee that no other card provides, makes this card the best among prepaid cards.
Pros & Cons
Pros
Cons
Product Details
Rewards
Benefits
Details
No Foreign Transaction Fees
Free ATM withdrawal
Interest on Balance
Eligibility
Credit Score
Annual Income