Best Amazon Credit Cards in Canada For 2024
Abid Salahi
Author4 min read
You might be someone who regularly purchases from Amazon.
I certainly am!
And knowing which credit card to use when making those purchases is important because, over the course of time, you might lose out on a lot of credit card rewards. Here we would go through the best cards to make your Amazon purchases with so that you could maximize your rewards.
List of Best Credit Cards for Amazon
Best Amazon card if you have Prime
Amazon.ca Rewards Mastercard®
3.1
Finly Rating
Welcome Bonus
Up to $150
Annual Fee
$0
Interest Rates
19.99% / 22.99%
Why we like it
Why we like it
If you are a Prime member and want to maximize your cashback on your Amazon purchases, then this card is the best option for that specific purchase category. However, for other purchases, many other cards offer better benefits and rewards.
Pros & Cons
Pros & Cons
Pros
- If you are a Prime member, the 2.5% cashback offered on Amazon purchases is unbeatable in terms of rewards compared to other credit cards.
- The 2.5% cashback on all foreign currency transactions helps to offset the extra 2.5% fee.
Cons
- It offers very little on non-Amazon and non-Whole Foods purchases, with many other well-rounded credit cards out there that offer much more.
- Very limited benefits.
Product Details
Product Details
Rewards
- 2.5% cashback on Amazon.ca, Whole Foods and foreign currency transactions IF a prime member
- Only 1.5% on Amazon.ca and Whole foods and 1% on foreign currency transactions IF not a prime member
- 1% cashback on everything else
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance
Yes
Eligibility
Credit Score
GoodAnnual Income
N/A
It may come as no surprise that the Amazon.ca card offers the highest rewards on your Amazon purchases at a 2.5% rate, but there's a big catch: you must have Amazon Prime. The rewards provided by this card depend on having Prime; without it, you receive much lower rewards, which makes this card less ideal for your Amazon purchases.
Another notable aspect of this card is that it's not a great all-around option in terms of rewards and benefits. It wouldn't be very useful for other purchases. The cards we will discuss next are generally much more well-rounded, and we recommend considering them instead.
Best Amazon Card if you have a Rogers, Fido or Shaw Service
I currently have or may soon have an eligible Rogers, Fido or Shaw service as the primary or level 1 authorized user
Rogers Red Mastercard®
4.4
Finly Rating
Welcome Bonus
Up to $60 cash back ($90 if redeemed for Rogers, Fido or Shaw purchases)
Annual Fee
$0
Interest Rates
19.99% / 22.99%
Why we like it
Why we like it
This card is one of our top-ranked options in terms of rewards, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is a higher rate than almost any other card offers, even those with annual fees! If you have a high income of $80K or a household income of $150K, you can apply for the World Elite version of this card, which comes with additional insurance and benefits like a lounge pass.
Pros & Cons
Pros & Cons
Pros
- Voted as the Best Cash Back Card in Canada for Rogers, Fido and Shaw Customers by FinlyWealth.
- There is no annual fee, a notable perk for a card with such high reward multipliers. Most cards with slightly lower reward rates typically have annual fees.
- Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing the value of your earned rewards.
- The roam-like benefit is a benefit unique only to this card.
- It is accepted at nearly all locations as it's a Mastercard.
Cons
- No real insurance coverage (only balance protection), not even purchase protection or extended warranty which are pretty standard benefits for almost all credit cards.
- Low rewards multiplier if you don't have an eligible Rogers, Shaw, or Fido service.
Product Details
Product Details
Rewards
- 2% cashback on all purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
- 2% cashback on all U.S dollar purchases and 1% on all other eligible purchases if you do not have a qualifying Rogers, Fido or Shaw service
- 1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value
Insurance
Coverage
Balance Protection
Minimum payments
Benefits
Details
No Cost roaming
5 days
Eligibility
Credit Score
Very GoodAnnual Income
N/A
The second best-recommended card for Amazon purchases is none other than one of the best overall credit cards in Canada and Voted as the Best Cash Back Card in Canada by FinlyWealth for Rogers, Fido and Shaw Customers.
Similar to the Amazon.ca rewards card, the rewards for this card are conditional. The amount of cashback depends on whether you have a qualifying Rogers, Fido, or Shaw service. If not, the rewards would be very little. But if you do, you can get 2% cashback on all your purchases with this card, not just Amazon purchases which is a small portion of your total purchases. If redeemed for one of those services, your cashback rate would be 3%, which would even exceed what you could have earned with the Amazon.ca card.
The Best Rogers Alternative for Amazon purchases
SimplyCash™ Preferred Card from American Express
4.6
Finly Rating
Welcome Bonus*
Up to $250 ($200 in first year)
Annual Fee*
$119.88
Interest Rates*
21.99% / 21.99%
Why we like it
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
Pros
- Highest cashback rate on groceries and gas in Canada
- Great base cashback rate for all purchases
- 10 different insurance types included
Cons
- Cash back is only paid out to you once a year
- American Express has a lower merchant acceptance compared to Visa or Mastercard
Product Details
Product Details
Rewards*
- 4% cash back on eligible gas station purchases in Canada
- 4% cash back on eligible grocery purchases in Canada (up to $1,200 cash back annually)
- 2% cash back on all other eligible purchases
Insurance*
Coverage*
Emergency Out of province Medical
$5M/insured Person
Flight Delay
$500Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$100,000.svg)
Car Rental Damage & Theft
$85K up to 48 days
Mobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™
Eligibility*
Credit Score
GoodAnnual Income
N/A
If you don't have a qualifying Rogers service or don't want to go with Rogers for any other reason, then the SimplyCash Preferred from Amazon is a great alternative. With 4% cashback on gas and groceries and 2% on everything else, which translates to 2% for Amazon purchases, this is a great card for your Amazon purchases. It also comes with more benefits and insurance than the Rogers card. The big catch is that the card has an annual fee that needs to be paid.
Best Amazon Card for users with high 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®
4.8
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% / 22.99%
Why we like it
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
Pros
- Voted the Best Cash Back Card in Canada for Rogers, Fido and Shaw customers by FinlyWealth.
- Voted the Best No Annual Fee Credit Card in Canada by FinlyWealth.
- There is no annual fee which is a notable benefit for a card with such high rewards. Most cards with slightly lower reward rates typically include yearly fees.
- Many favorable benefits for travelers.
- Many benefits, such as trip cancellation insurance, are only available on credit cards with an annual fee. It is rare to see these benefits on a no-annual-fee card!
- Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing your rewards.
- The roam-like benefit is a benefit unique only to this card.
- It is accepted at nearly all locations as it's a Mastercard.
Cons
- Harder to qualify due to the high credit score and income requirements.
- Out of all possible travel insurances, this card is missing Baggage delay and Hotel Burglary insurance. If these two insurances are essential to someone, this card needs to be paired with another travel card to cover them.
Product Details
Product Details
Rewards
- 3% cash back on all U.S dollar purchases
- 2% cash back on all regular purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
- 1.5% cash back on all purchases if you do not have 1 qualifying service
- 1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value
Insurance
Coverage
Emergency Out of province Medical
$1M, Up to 10 daysEmergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1,000/person, $5,000 maximum
Trip Interruption
$1,000/person, $5,000 maximumCar Rental Damage & Theft
$65,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not includedNo Cost roaming
5 days
Eligibility
Credit Score
Very GoodAnnual Income
$80,000 personal or $150,000 household
The Rogers Red World Elite Mastercard is an even better version of the Rogers Red card, but it can only be applied for if you have a high personal or household income. If you don't have any Rogers, Fido, or Shaw service, you can still apply for this card because you earn 1.5% on all purchases (including Amazon), which is a great cashback rate for a card with no annual fee. If you have a service, you will earn the same reward rate as Rogers Red.
The big difference with this card is that, for no annual fee, you will get lots of unique benefits and travel insurances usually available only with cards that have an annual fee. That's why this card is voted the Best No Annual Fee Credit Card in Canada by FinlyWealth.
Best Amazon Card with other purchases in mind
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
Why we like it
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, this card has a good benefits coverage, a flexible points redemption program (1:1 transfer to Aeroplan® or Avios), making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros & Cons
Pros
- Points can be transferred to Air Canada Aeroplan® at a 1:1 ratio, making this card a solid Aeroplan® points earner as an alternative to Aeroplan® branded credit cards
- Generous welcome bonus of up to 15,000 points
- 4+ different ways of redeeming your points for great value
- 10 different types of insurance, including travel
- Often referred to as the Best Credit Card in Canada
Cons
- Less acceptance of American Express at different merchants across Canada
- Not all types of travel insurance are covered, especially trip cancellation and interruption insurance
Product Details
Product Details
Rewards*
- 5x points per $1 spent on eligible eats and drinks in Canada, including groceries and food delivery (up to 12,500 points per month)
- 3x points per $1 spent on eligible streaming subscriptions in Canada
- 2x points per $1 spent on eligible gas, transit & ride share in Canada
- 1x point per $1 spent on all other purchases
Insurance*
Coverage*
Emergency Out of province Medical
15 daysFlight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Travel Accident
$250,000Car Rental Damage & Theft
yesMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits*
Details*
Amex Experiences™
Access Front Of The Line® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiences™.svg)
Travel Credit
Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.
Eligibility*
Credit Score
GoodAnnual Income
N/A
If there is one credit card that we recommend people carry in their pocket, it is the American Express Cobalt card. This card is a points card, and the rewards you can earn with average spending on various day-to-day purchases put it way ahead of every other credit card in Canada. That's why we call it the Best Credit Card in Canada!
You earn great rewards in many of its main categories like restaurants, groceries, and more, and earn the base reward rate of 1 point on Amazon purchases. If redeemed correctly for 2.1¢ per point, this would give you an effective cashback rate of 2.1% on your Amazon purchases.
How to maximize your Savings
Even though these cards give huge cashback or points on Amazon purchases, be careful when redeeming your rewards! It's usually best not to go for Amazon gift cards if you are given the option because it's one of the worst redemptions for your points.
Conclusion
After reviewing the Best Credit cards for Amazon Canada, these were our top picks for your amazon purchases.
- Amazon.ca Rewards Mastercard
- Rogers Mastercard®
- American Express SimplyCash Preferred
- Rogers World Elite® Mastercard®
- American Express Cobalt®
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