Best Visa Credit Cards in Canada for 2024
Sara Skodak
Author10 min read
Looking for your next Visa card? Lucky for you, we’ve gathered all the best Visa credit cards in multiple categories for every type of cardholder.
Whether you’re budget-conscious, constantly catching the travel bug, or looking for the best rewards on everyday essentials – there’s a Visa for you.
Best Overall Visa Credit Card
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros & Cons
Pros & Cons
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Product Details
Product Details
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverage.svg)
Car Rental Damage & Theft
$65K
Travel Accident
$500K
Mobile Device Insurance
$1000 per person, per occurrence
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
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Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
After careful consideration, we've determined that the best overall Visa credit card for a variety of cardholders is the CIBC Dividend Visa Infinite Card. Ultimately, this card comes with good insurance coverage, and since it's a cashback card, it's easier to redeem its rewards.
Speaking of those rewards, you'll get high cashback rates on popular categories like groceries and gas, and solid rates on recurring bills, restaurants, and transportation.
As for benefits, you'll get discounts on gas and car rentals, not to mention a first year annual fee rebate and bonus cashback for your first few statements on net purchases, all contributing to a commendable first year value.
Best Cashback Visa Credit Cards
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%
Why we like it
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
Pros
- Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
- High insurance coverage.
- First year annual fee waived.
Cons
- The base cashback rate (1%) is low for most high spent categories, especially after the first year when the card's annual fee kicks in.
Product Details
Product Details
Rewards*
- 4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
- 2% cashback on gas, daily transit (maximum $500 cashback per year)
- 1% cashback on all other credit card purchases (unlimited).
Insurance*
Coverage*
Mobile Device Insurance
$1,000Travel Accident
$500,000Emergency Out of province Medical
15 days
Trip Interruption
$2,000
Trip Cancellation
$1,500
Flight Delay
$500
Lost or Stolen Baggage
$500Baggage Delay
$500Car Rental Damage & Theft
48 daysPurchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Visa Infinite Exclusive Benefits
Yes
Eligibility*
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
If you’re the type of cardholder that prefers cashback over points, the first card you’ll want to look into is the Scotia Momentum Visa Infinite Card. With this card, you will need to pay an annual fee, but with the highest cashback rates on popular categories, and high insurance coverage, this fee doesn’t feel so bad – especially since it's waived in the first year (contributing to an impressive first year value boosted by a generous welcome bonus).
Keep in mind that these cashback rates do come with caps, and you’ll need a slightly higher income to apply.
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros & Cons
Pros & Cons
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Product Details
Product Details
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverageCar Rental Damage & Theft
$65KTravel Accident
$500KMobile Device Insurance
$1000 per person, per occurrencePurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stationsCar Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
Like the Scotia Momentum Visa Infinite Card, the CIBC Dividend Visa Infinite card also offers high-reward cashback categories, specifically on gas and groceries. Not to mention, its annual fee is also waived in the first year.
Although it has less insurance coverage than the Scotia Momentum Visa Infinite Card, its potential annual rewards and welcome bonus allow for a higher first year value and annual value overall.
So, while travellers might be more tempted by the Scotia Momentum Visa Infinite Card for its extensive travel coverage, everyday spenders who spend less time abroad will be pleased with the CIBC Dividend Visa Infinite Card.
Simplii Financial™ Cash Back Visa* Card
4.4
Finly Rating
Welcome Bonus*
10% cash back† up to $1,000 in spending
Annual Fee*
$0
Interest Rates*
20.99% / 22.99%
Why we like it
Why we like it
If you dine out a lot and don't want to pay an annual fee for your credit card, the Simplii Financial™ Cash Back Visa* Card will undoubtedly be one of your best friends with its 4% cashback. Additionally, the card offers a decent cashback rate (1.5%) for gas, pharmacy, and groceries, making it one of the best no-annual-fee cashback credit cards in Canada. However, there are limits on how much you can earn in these categories. Therefore, you need to be careful not to exceed those limits; otherwise, your cashback rate will drop to 0.5% after those spending limits are reached.
Pros & Cons
Pros & Cons
Pros
- Highest cashback rate on restaurant purchases in Canada!
- Decent cashback rate on high spent categories such as groceries and gas.
- No annual fee for a card with great rewards.
Cons
- No insurance and benefits other than the standard purchase protection and extended warranty.
- Cap on the rewards that can be earned on each category.
Product Details
Product Details
Rewards*
- 4% cash back on eligible restaurant, bar, and coffee shop purchases up to $5,000 spent per year†
- 1.5% cash back on gas, groceries, drugstore, and pre-authorized payments up to $15,000 spent per year†
- 0.5% cashback on all other purchases†
Insurance*
Coverage*
Purchase Protection
Up to 90 daysExtended Warranty
Up to 1 year
Eligibility*
Credit Score
Very GoodAnnual Income
$15,000 personal or $15,000 household
Famed for its highest cashback rate on restaurant purchases in Canada, the Simplii Financial Cash Back Card boasts decent cashback rewards on popular categories like groceries and gas.
Unlike the Scotia Momentum Visa Infinite Card, the Simplii Financial Cash Back Visa Card lacks extensive coverage and benefits, but these perks typically come with an annual cost.
As opposed to its competitors in this category, the Simplii Financial Cash Back Visa Card might be easier to obtain, considering it doesn't come with a high income requirement to qualify. That said, it is recommended, however, that you have "very good" credit.
Best Visa Credit Cards For Travel
Scotiabank Passport® Visa Infinite* Card
4.8
Finly Rating
Welcome Bonus*
Up to 35,000 Scene+ points
Annual Fee*
$150
Interest Rates*
20.99% / 22.99%
Why we like it
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
Pros
- High Rewards on Select Purchases: Earn up to 3 points per $1 spent on select categories.
- No Foreign Transaction Fees: Shop abroad without additional charges.
- Comprehensive Insurance: Includes 11 types of insurance coverage.
- Airport Lounge Access: Enjoy up to 6 airport lounge passes per year through the Visa Airport Companion program.
Cons
- High Income Requirements: Requires $60,000 personal or $100,000 household income.
- Lower Overall Rewards: Rewards potential is lower compared to premium credit cards.
- High Annual Fee: Comes with a significant annual fee.
- Average Insurance Coverage: Insurance benefits are standard, not exceptional.
- Mediocre Earnings Potential: The card’s rewards structure might not offer the highest returns for every spender.
Product Details
Product Details
Rewards*
- 3 Points on on every $1 you spend at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
- 2 Points dining and at other eligible grocery stores, entertainment purchases which includes movies, theatre, and ticket agencies and Rides which includes rideshare, buses, taxis, subways and more
- 1 Point on everything else
Insurance*
Coverage*
Emergency Out of province Medical
$2M/insured up to 25 daysEmergency Medical Over 65
$2M/insured up to 3 daysTrip Cancellation
$1,500/person, $10,000/tripTrip Interruption
$2,500/person, $10,000/tripFlight Delay
$500/person after 4 hoursLost or Stolen Baggage
$1000Baggage Delay
$1000Travel Accident
$500,000/insured, $1M combinedCar Rental Damage & Theft
$65,000 up to 48 days
Hotel Burglary Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
No Foreign Transaction Fees
Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada
Airport Lounge - Dragon Pass
6 Free complimentary visits.svg)
Status lift
Avis® Preferred Plus membership.svg)
Concierge Services
Visa Infinite Exclusive Benefits
Eligibility*
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
For a justifiable annual fee, you can earn high reward rates on purchases at places like Sobeys, Safeway, Foodland, and other participating co-ops.
But the real pull is the card's comprehensive travel insurance, with sought-after coverage categories like trip cancellation and interruption insurance, plus emergency medical over 65.
There’s no shortage of benefits either, with the airport lounge Dragon Pass (complete with complimentary visits), access to an Avis Preferred Plus membership, and other Visa Infinite exclusive experiences. Perhaps the most notable bonus though is the card’s no foreign transaction fee policy, a rare and beneficial perk that allows you to shop internationally with ease, without any additional charges.
TD Aeroplan® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to 40,000 Aeroplan® points
Annual Fee
$139
Interest Rates
20.99% / 22.99%
Why we like it
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
Pros
- Earn up to 40,000 Aeroplan points (welcome bonus offer ends January 6, 2025).
- 1.5 points per $1 on gas, groceries, and Air Canada purchases.
- Free checked bags and Preferred Pricing on Air Canada rewards flights.
- Extensive insurance coverage with 12 types of insurance.
Cons
- The rewards rate on this card is not that high. There are non-Aeroplan cards with much better reward programs, and their points can later be transferred to this card, making them better options if you are looking to gather Aeroplan points.
- You lose the flexibility to use other airlines if you want to take advantage of the benefits of this card.
Product Details
Product Details
Rewards
- 1.5x Aeroplan points per $1 spent on gas, groceries, Air Canada and Air Canada vacations (maximum 120,000 points annually)
- 1x Aeroplan point per $1 spent on all other eligible purchases
Insurance
Coverage
Emergency Out of province Medical
21 daysEmergency Medical Over 65
4 daysTrip Cancellation
$1,500Trip Interruption
$5,000Flight Delay
$500Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Travel Accident
$500,000Car Rental Damage & Theft
yesHotel Burglary Insurance
$2500Purchase Protection
90 daysExtended Warranty
1 yearMobile Device Insurance
$1,000
Benefits
Details
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Free first checked bag
First checked bag is free for primary cardholder on WestJet flight and up to 8 guests
Nexus Program Rebate
$100 every 4 yearsVisa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks storesExtra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStoreStatus lift
Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $10,000 of net purchasesCar Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
For a slightly lower annual fee, similar income requirements to the Scotiabank Passport Visa Infinite Card, and yet a recommended "very good" credit score instead of a "good" credit score, you can opt for the TD Aeroplan Visa Infinite Card for all your travel endeavours. If you're all about your card's annual value, you'll also find that the TD Aeroplan Visa Infinite Card has over double the potential value in the first year compared to the Scotiabank Passport Visa Infinite Card, not to mention higher value annually overall.
Regarding rewards, the TD Aeroplan Visa Infinite Card card offers Aeroplan points per dollar spent, with solid reward rates on gas, groceries, and Air Canada purchases.
You'll also notice plenty of travel insurance in similar categories to the Scotiabank Passport Visa Infinite Card, plus mobile device insurance, which is always helpful since our smartphones are perhaps our most constant travel companions.
As for travel benefits, you'll find travel perks like a free first checked bag, preferred pricing on Air Canada rewards flights, and a fast-tracked status lift program to help you reach Aeroplan Elite Status sooner.
However, this card limits its cardholders to user Air Canada services to get the most out of their cards, so do keep that in mind.
But, with a first year value as attractive as this one, it might be tempting to opt for this travel card. Plus, you can always pair it with a non-Aeroplan points card to transfer points over for better value.
Honourable Mentions For Travel Visa Credit Cards
While these cards don’t rank as high as the previous two for travel, they’re still worth mentioning in this category.
TD First Class Travel® Visa Infinite* Card
3.9
Finly Rating
Welcome Bonus
Up to 135,000 TD Rewards Points
Annual Fee
$139
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The TD First Class Travel Visa Infinite Card is an excellent option for frequent travelers who book through Expedia For TD and want to maximize rewards on travel purchases. The high welcome bonus and extensive insurance coverage make this card stand out. However, the high income requirements and limited value of TD points may not make it the best fit for everyone.
Pros & Cons
Pros & Cons
Pros
- Generous welcome bonus of up to 135,000 points, which can be worth up to $675 in travel rewards.
- Earn 8 points per $1 spent on travel booked through Expedia For TD, making it a great card for frequent travelers.
- First year annual fee rebate, making it free for the first year.
- Extensive insurance coverage, including trip cancellation, emergency medical, baggage delay, and more.
- Annual $100 travel credit on a purchase of $500 or more through Expedia For TD.
Cons
- High income requirements: You need to earn at least $60,000 personally or $100,000 as a household.
- TD Rewards points are only worth 0.5 cents each, limiting their value compared to some other rewards programs.
- The Expedia For TD platform might not always offer the best prices or availability compared to booking directly with airlines or hotels.
Product Details
Product Details
Rewards
- 8x points per $1 spent on travel booked online through Expedia for TD
- 6x points per $1 spent on eligible grocery and restaurant purchases
- 4x points per $1 spent on eligible recurring bill payments
- 2x points per $1 spent on all other eligible purchases
Insurance
Coverage
Emergency Out of province Medical
21 daysEmergency Medical Over 65
4 daysTrip Cancellation
$1,500Trip Interruption
$5,000Flight Delay
$500Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Travel Accident
$500,000Car Rental Damage & Theft
yesHotel Burglary Insurance
$2,500Purchase Protection
90 daysExtended Warranty
Up to 1 yearMobile Device Insurance
$1,000
Benefits
Details
Visa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SExtra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Annual Birthday Bonus
Earn a Birthday Bonus of up to 10,000 TD Rewards PointsCar Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car.svg)
Travel Credit
Get an annual TD Travel Credit of $100 when you book at Expedia For TD
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
The TD First Class Travel Visa Infinite Card has the same annual fee as the TD Aeroplan Visa Infinite Card. Except this time, like the Scotiabank Passport Visa Infinite Card, the fee is waived in the first year. While the income requirements between the two TD cards also match, you could score the TD First Class Travel Visa Infinite Card with "good" credit, instead of "very good" credit. But, if you look closely, you'll see that the TD Aeroplan Visa Infinite Card still wins for first year value and overall annual value.
In terms of insurance coverage, the two TD cards offer the same protections, but as for differing benefits, with the TD First Class Travel Visa Infinite Card, enjoy an annual birthday bonus, and a TD travel credit when you book trips through Expedia.
While you’ll find that the TD First Class Travel Visa Infinite Card offers remarkable points per dollar spent in all featured categories, sometimes, its point redemption rates are lower than its competitors.
RBC Avion Visa Infinite
3.8
Finly Rating
Welcome Bonus
Up to 55,000 Avion points
Annual Fee
$120
Interest Rates
20.99% / 22.99% (for Quebec 21.99%)
Why we like it
Why we like it
This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.
Pros & Cons
Pros & Cons
Pros
- Generous welcome bonus of up to 55,000 points.
- High point value when redeemed through the Air Travel Redemption chart, with up to 2.33 cents per point.
- Comprehensive insurance package (12 types), including travel medical and mobile device insurance.
- Access to Petro-Canada savings (save 3 cents per litre on fuel) and earn 20% bonus Petro-Points.
Cons
- Only 1 point per $1 spent on most purchases (travel earns 1.25 points).
- Requires using the Air Travel Redemption chart to get the highest point value; other redemptions yield lower returns.
- High income requirements: $60,000 personal or $100,000 household.
Product Details
Product Details
Rewards
- 1.25x points per $1 spent on eligible travel purchases
- 1x point per $1 spent on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a yearMobile Device Insurance
$1,500Travel Accident
$500,000Emergency Out of province Medical
15 daysEmergency Medical Over 65
3 daysTrip Interruption
$5,000Trip Cancellation
$1,500Hotel Burglary Insurance
$2,500Baggage Delay
$500Lost or Stolen Baggage
$500Flight Delay
$500Car Rental Damage & Theft
yes
Benefits
Details
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada and 20% more Avion points at Petro-CanadaExtra points
50 Be Well points for every $1 spent on eligible products at Rexall
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
The RBC Avion Visa Infinite Card is equipped with a generous welcome bonus, comprehensive travel insurance (including trip interruption and cancellation, plus emergency medical over 65 coverage), and Petro-Canada savings.
While its points volume per dollar spent may seem low at first glance, they come with high value when redeemed through air travel.
To sign up, you must be willing to spare a reasonable annual fee, prove a high income, and it’s recommended that you have “very good” credit.
CIBC Aventura® Visa Infinite* Card
2.8
Finly Rating
Welcome Bonus
Up to 35,000 Aventura points
Annual Fee
$139
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
Why we like it
Why we like it
The CIBC Aventura® Visa Infinite Card* offers significant value for travelers with its high rewards on travel spending and flexible point redemptions, especially when used for flights. However, the high income requirements and limited value outside of travel redemptions may be drawbacks for some users. The extensive insurance coverage and airport lounge access make this card attractive for frequent travelers.
Pros & Cons
Pros & Cons
Pros
- Generous Welcome Bonus: Earn up to 45,000 Aventura points, which can be worth up to $1,031 in travel value.
- High Points on Travel: Earn 2 points per $1 on travel booked through the CIBC Rewards Centre and 1.5 points per $1 on gas, groceries, EV charging, and drugstores.
- Flexible Redemption: Points can be redeemed for flights, travel, gift cards, merchandise, and more, with the best value coming from the Aventura Flight Chart, where points can be worth up to 2.29 cents each.
- Complimentary Airport Lounge Access: Includes 4 free passes to Visa Airport Companion lounges globally.
- Comprehensive Insurance: 12 types of insurance, including trip cancellation, mobile device protection, and emergency medical coverage.
Cons
- High Income Requirements: Requires a personal income of $60,000 or household income of $100,000.
- Poor Rewards Outside Travel: If you redeem points for non-travel rewards, like gift cards or merchandise, the value drops to about 1 cent per point, making other cards better for non-travel rewards.
Product Details
Product Details
Rewards
- 2 points per $1 spent on travel purchased through the CIBC Rewards Centre
- 1.5 points per $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Travel Accident
$500,000Emergency Out of province Medical
15 daysEmergency Medical Over 65
3 daysFlight Delay
$500Baggage Delay
$500Trip Cancellation
$1,500Trip Interruption
$2,000Lost or Stolen Baggage
$500Hotel Burglary Insurance
$2,500Purchase Protection
90 daysExtended Warranty
Up to a yearCar Rental Damage & Theft
up to car value of $65kMobile Device Insurance
$1,000
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stationsCar Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.Airport Lounge - Dragon Pass
Airport lounges Visa Airport Companion Program managed by DragonPass International + 4 Free complimentary visitsNexus Program Rebate
Up to $100 statement credit for Nexus Application fee every 4 yearsVisa Infinite Exclusive Benefits
Exclusive offers
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
You’ll still need the same annual income as the RBC Avion Visa Infinite, but you could get approved for the CIBC Aventura Visa Infinite Card with a “good” credit score rather than a “very good" one.
With this card, you’ll earn the most points when you make travel bookings through the CIBC Rewards Centre. After you gather your points, you’ll get the best redemption rates on Aventura flights.
Add its generous welcome bonus, complimentary airport lounge access, and extensive travel insurance together, and you get a nice first year value (especially since the annual fee is waived in the first year).
Best Visa Credit Cards For Groceries and Gas
RBC ION+ Visa
3
Finly Rating
Welcome Bonus
12,000 points ($120 value)
Annual Fee
$48
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.
Pros & Cons
Pros & Cons
Pros
- Insurance coverage is very little for a card with annual fee. There are cards with no annual fee that offer even better benefits.
- Avion reward points are generally not very flexible and not as valuable if not used for WestJet travel; therefore, if that's not your plan, there are many better cards that can be used.
- The annual fee isn't justifiable based on the reward program this card offers.
Cons
- Bonus saving of 3 cents per liter on gas at Petro-Canada stations.
- 12,000 avion points welcome bonus.
Product Details
Product Details
Rewards
- 3 points for every dollar in Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions Purchases
- 1 point for everything else
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Up to a yearMobile Device Insurance
$1,000
Benefits
Details
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-CanadaExtra points
50 Be Well points for every $1 spent on eligible products at Rexall
Eligibility
Credit Score
GoodAnnual Income
N/A
Our top points card for this category is the RBC ION+ Visa considering it earns some of the best rewards on popular everyday purchases. With this card, collect points per dollar spent on groceries and gas, plus other common expenses like dining, streaming, or rides. As an added benefit, you can also earn more Petro-Points at Petro-Canada.
Out of all the cards in this category, the RBC ION+ Visa offers the least amount of insurance, but that's probably because it comes with a substantially lower annual fee.
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%
Why we like it
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
Pros
- Highest Cashback rates on Groceries and Recurring purchases compared to other cashback credit cards.
- High insurance coverage.
- First year annual fee waived.
Cons
- The base cashback rate (1%) is low for most high spent categories, especially after the first year when the card's annual fee kicks in.
Product Details
Product Details
Rewards*
- 4% cashback on groceries, recurring payments (maximum $1000 cashback per year)
- 2% cashback on gas, daily transit (maximum $500 cashback per year)
- 1% cashback on all other credit card purchases (unlimited).
Insurance*
Coverage*
Mobile Device Insurance
$1,000Travel Accident
$500,000Emergency Out of province Medical
15 daysTrip Interruption
$2,000Trip Cancellation
$1,500Flight Delay
$500Lost or Stolen Baggage
$500Baggage Delay
$500Car Rental Damage & Theft
48 daysPurchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A CarVisa Infinite Exclusive Benefits
Yes
Eligibility*
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
If you’re looking for something less travel-oriented and more geared toward your everyday essentials like groceries, you’ll recognize the leading card in this category. The Scotia Momentum Visa Infinite Card is worth mentioning again on account of its highest cashback rates on groceries and recurring purchases. It even has solid cashback rates for gas and daily transit.
That said, the mentioned categories are capped and the base cashback rate is considered low for most high-spend categories, especially after your first year of membership when the annual fee is no longer free.
But, with benefits like car rental discounts, exclusive Visa Infinite perks, and substantial coverage, this card is still a great contender.
CIBC Dividend® Visa Infinite* Card
3.5
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 22.99%
Why we like it
Why we like it
The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.
Pros & Cons
Pros & Cons
Pros
- High Cash Back Rates: Get 4% cash back on gas, EV charging, and groceries, plus 2% on restaurants, transportation, and recurring bill payments.
- No Limit on Total Cash Back: No maximum limit on the amount of cash back you can earn annually.
- Fuel Savings: Save up to 10 cents per litre at Journie Rewards gas stations like Ultramar, Pioneer, Fas Gas, and Chevron.
Cons
- High Income Requirement: Personal income of $60,000 or household income of $100,000 is required to qualify.
- Annual Fee: The card comes with a $120 annual fee, which might reduce the overall value for some users.
- Lower Insurance Coverage: Compared to similar cards, the insurance offerings are less comprehensive.
Product Details
Product Details
Rewards
- 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
- 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5 Million per person, per trip. 10 day coverageCar Rental Damage & Theft
$65KTravel Accident
$500KMobile Device Insurance
$1000 per person, per occurrencePurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stationsCar Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Eligibility
Credit Score
Very GoodAnnual Income
$60,000 personal or $100,000 household
Even though the income requirements for both the CIBC Dividend Visa Infinite Card and the Scotia Momentum Visa Infinite Card are the same, and they both have same annual fee that’s waived in the first year, the CIBC Dividend Visa Infinite Card might be harder to apply for for some cardholders considering it’s recommended you have a “very good” credit score instead of a “good” credit score. However, the CIBC Dividend Visa Infinite Card has a higher first year value and overall annual value compared to the Scotia Momentum Visa Infinite Card.
What it makes up in value, it lacks in coverage compared to its competitor – offering only 6 types of insurance as opposed to 11.
Regarding rewards, the CIBC Dividend Visa Infinite Card matches the Scotia Momentum Visa Infinite Card's cashback rates on groceries, with a slightly higher cashback rate for gas.
Best Low-Interest Visa Credit Card
Scotiabank Value® Visa* Card
3.9
Finly Rating
Welcome Bonus*
0% interest on balance transfers for the first 10 months (13.99% after that)
Rewards Rate*
0%
Annual Fee*
$29
Interest Rates*
13.99% / 13.99%
Why we like it
Why we like it
This is a great card for those who carry a balance every month and want to take advantage of much lower interest rates compared to most other cards. You also get a 0% introductory rate on balance transfers for 10 months - ends October 31, 2024.
Pros & Cons
Pros & Cons
Pros
- 0% interest on balance transfers for the first 10 months.
- 13.99% interest rate on purchases, balance transfers, and cash advances.
Cons
- No rewards on daily purchases
- Limited insurance
Product Details
Product Details
Rewards*
This card does not earn rewards on purchases but instead offers a much lower interest rate.
Insurance*
Coverage*
Balance Protection
optional
Benefits*
Details*
Car Rental Discount
Avis car rental discount up to 25% worldwide
Eligibility*
Credit Score
GoodAnnual Income
N/A
We’ve covered cashback enthusiasts, travelers, and everyday spenders, so the next two categories are devoted to the budget-conscious. Starting with low-interest Visa credit cards, the Scotiabank Value Visa Card is the best credit card contender for this section.
With a low annual fee, easily met application requirements and recommendations, plus no interest rates on balance transfers in the first several months of membership – this simple card is quite promising.
While you won’t be getting much in terms of benefits or insurance (just car rental discounts and balance protection), you will be subject to a low interest rate on purchases, balance transfers, and cash advances.
Best No-Fee Visa Credit Cards
CIBC Aeroplan® Visa* Card
3.7
Finly Rating
Welcome Bonus
Up to 10,000 Aeroplan® points
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
Why we like it
Why we like it
The CIBC Aeroplan Visa Card is an excellent no-fee option for Aeroplan members who want to earn miles without an annual fee. Its solid earn rates on essential categories like gas and groceries make it easy to accumulate points quickly. The card also offers Preferred Pricing on Aeroplan redemptions, giving cardholders more value when they book flights with Air Canada. For someone looking for an entry-level Aeroplan card, this is a strong choice, especially with its generous welcome bonus.
Pros & Cons
Pros & Cons
Pros
- No Annual Fee: Enjoy Aeroplan rewards with no cost to maintain the card.
- Solid Rewards on Key Categories: Earn 1 Aeroplan point per $1 on gas, groceries, EV charging, and Air Canada purchases.
- Preferred Pricing on Aeroplan Rewards: Get access to better redemption rates on Aeroplan flight rewards.
Cons
- Limited Reward Rate: Only earns 1 point per $1.50 on all other purchases, which is less competitive than some other no-fee cards.
- Best Value for Air Canada Flyers: Maximum redemption value is through Air Canada flights, which limits flexibility if you don’t frequently fly with Air Canada.
Product Details
Product Details
Rewards
- 1 Aeroplan® point per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
- 1 Aeroplan® point per $1.50 spent (0.66 point per $1) on all other purchases
Insurance
Coverage
Travel Accident
$100,000Purchase Protection
90 daysExtended Warranty
Up to 1 yearCar Rental Damage & Theft
Up to $65k car MSRP
Benefits
Details
Discount
Primary cardholders can often book flight rewards for even fewer pointsExtra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Eligibility
Credit Score
Very GoodAnnual Income
$15,000 household
With this Visa card, earn an Aeroplan point on every dollar you spend on eligible gas, groceries, and Air Canada purchases.
Another notable feature is the card's Aeroplan-point welcome bonus on your very first purchase, contributing to a nice first year value especially since you're not paying an annual fee. If that weren't enough, you'll also get better redemption rates on Aeroplan flight rewards.
All things considered, you will be limited to traveling with Air Canada to reap the most benefits, but out all the no-fee cards in this category, you do get the most in terms of travel coverage, specifically car rental damage and theft, and travel accident insurance.
Simplii Financial™ Cash Back Visa* Card
4.4
Finly Rating
Welcome Bonus*
10% cash back† up to $1,000 in spending
Annual Fee*
$0
Interest Rates*
20.99% / 22.99%
Why we like it
Why we like it
If you dine out a lot and don't want to pay an annual fee for your credit card, the Simplii Financial™ Cash Back Visa* Card will undoubtedly be one of your best friends with its 4% cashback. Additionally, the card offers a decent cashback rate (1.5%) for gas, pharmacy, and groceries, making it one of the best no-annual-fee cashback credit cards in Canada. However, there are limits on how much you can earn in these categories. Therefore, you need to be careful not to exceed those limits; otherwise, your cashback rate will drop to 0.5% after those spending limits are reached.
Pros & Cons
Pros & Cons
Pros
- Highest cashback rate on restaurant purchases in Canada!
- Decent cashback rate on high spent categories such as groceries and gas.
- No annual fee for a card with great rewards.
Cons
- No insurance and benefits other than the standard purchase protection and extended warranty.
- Cap on the rewards that can be earned on each category.
Product Details
Product Details
Rewards*
- 4% cash back on eligible restaurant, bar, and coffee shop purchases up to $5,000 spent per year†
- 1.5% cash back on gas, groceries, drugstore, and pre-authorized payments up to $15,000 spent per year†
- 0.5% cashback on all other purchases†
Insurance*
Coverage*
Purchase Protection
Up to 90 daysExtended Warranty
Up to 1 year
Eligibility*
Credit Score
Very GoodAnnual Income
$15,000 personal or $15,000 household
Back for a second time in this blog post, the Simplii Financial Cash Back Visa Card is considered one of the best visa credit cards partly because it comes with no annual fee.
This means you can indulge in the highest cashback rate on restaurant purchases in Canada, and admirable cashback rates on high-spend categories, all at no additional cost.
Scotiabank® Scene+ Visa Card
3.3
Finly Rating
Welcome Bonus*
Up to 5,000 Scene+ points
Annual Fee*
$0
Interest Rates*
20.99% / 22.99%
Why we like it
Why we like it
We like this card because it offers solid rewards with no annual fee, including the opportunity to earn up to 5,000 bonus Scene+ points within the first 3 months. With 2x Scene+ points on purchases at popular grocery stores, home improvement retailers, and Cineplex, plus 1x points on all other purchases, it's a great option for maximizing everyday spending.
Pros & Cons
Pros & Cons
Pros
- No Annual Fee: Enjoy all the benefits without any yearly cost.
- Universal Rewards: Earn rewards on every purchase, no matter where you shop.
- Flexible Redemption: Redeem your rewards with a variety of options tailored to your needs.
Cons
- Limited Accelerated Categories: Fewer opportunities to earn bonus points in specific categories.
- Specific Grocery Partners: Rewards at grocery stores are limited to select partners.
- Lacks Travel Insurance: Missing some of the common travel insurance coverages offered by other cards.
Product Details
Product Details
Rewards*
- 2 Points on on every $1 you spend at Cineplex, Sobeys, Safeway, IGA, Foodland & Participating Co-ops
- 1 Point on everything else
Benefits*
Details*
Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Eligibility*
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
Great for flexibility, the no-fee Scotiabank Scene+ Visa Card offers points per dollar spent at places like Cineplex, Sobeys, Safeway, and Foodland, with multiple options for redemption, like entertainment, travel, and restaurants.
There’s no insurance coverage, but the card does come with car rental discounts as a benefit.
It’s a pretty standard card, without many extras, but certain cardholders might enjoy its simplicity. Just keep in mind that you’ll need a higher income to apply.
No-Fee Visa Credit Card Honourable Mention
Home Trust Preferred Visa
3.5
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
21.99% / 21.99%"
Why we like it
Why we like it
The Home Trust Visa card is the only no-annual-fee credit card in Canada that offers no foreign transaction fees, which is a significant benefit for frequent travelers. The big catch is that you don't earn any rewards on foreign purchases, so if you have a credit card that gives you a cashback rate close to 2.5%, it might not be worth the hassle to get this card. Other than this benefit, there are no compelling reasons to use this card as your primary credit card.
Pros & Cons
Pros & Cons
Pros
- The only No Annual fee Credit Card in Canada that offers No Foreign Transaction Fees
Cons
- Rewards are very average
- No Extended Warranty benefit on this card
Product Details
Product Details
Rewards
- 1% cashback on all eligible purchases.
- Foreign transactions don't receive cashback!
Insurance
Coverage
Purchase Protection
Up to 90 days
Benefits
Details
No Foreign Transaction Fees
Eligibility
Credit Score
GoodAnnual Income
N/A
We just had to give a shoutout to the Home Trust Preferred Visa, primarily because it's the only other credit card besides certain Scotiabank cards, that comes with no foreign transaction fees (particularly at no annual fee).
Other than that, the card's rewards are pretty basic, but if you typically have a lot of international expenses, it's a good contender.
Frequently Asked Questions
Which Visa credit card is the best?
Deciphering which Visa credit card is the best, all depends on your spending habits and the type of cardholder you are. That’s why we highlighted multiple categories in this post to account for various user profiles.
Based on our ranking system, the highest rated visa card on this list is the CIBC Dividend Visa Infinite Card. However, if you’d rather not spend an annual fee, or you don’t travel much, some of our other cards might be more enticing.
Is it better to get a Visa card or a Mastercard?
Both Visa and Mastercard credit cards are widely accepted and offer varying benefits to their cardholders. One notable difference between Visa and Mastercard is that only Mastercards are accepted at Costco, and for reward purposes, Walmart is considered a grocery store on Mastercards but only a department store (and not a grocery store) on Visa cards.
What is the highest level of a Visa credit card?
The highest level of Visa credit cards are Visa Infinite Privilege credit cards. This level of Visa typically offers more extensive insurance policies, premium travel benefits, exclusive rewards, and priority services. However, these cards do require a higher level of income, and come with steep annual fees.