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American Express Membership Rewards

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Credit Cards (118)

Your rewards based on $2,000 in average spending

American Express Cobalt® Card

5/5

Credit Score:

Good

First Year Value:

$1,255.2

Annual Fee

$155.8

Learn More

First Year Bonus

$315

Modify spending to satisfy bonus requirement

Net Annual Rewards

$940.2

Annual fee deducted

Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Card Information

Card Type
Points
Institution
American Express
Card Network
Amex Canada

Fees

Annual Fee
$155.8
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn 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

Welcome Bonus

Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Insurance

Coverage

Emergency Out of province Medical
15 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

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™
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.

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

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

American Express Cobalt® Card

First Year Value:

$1,255.2

5/5

Annual Fee

$155.8

Learn More

First Year Bonus

$315

Modify spending to satisfy bonus requirement

Net Annual Rewards

$940.2

Annual fee deducted

Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Card Information

Card Type
Points
Institution
American Express
Card Network
Amex Canada
Loyalty
American Express Membership Rewards

Fees

Annual Fee
$155.8
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn 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

Welcome Bonus

Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Insurance

Coverage

Emergency Out of province Medical
15 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

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™
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.

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

Scotiabank Gold American Express® Card

$150

4.9/5

Scene+

Credit Score:

Good

First Year Value:

$1,244.5

Annual Fee

$120

Learn More

First Year Bonus

$450

Modify spending to satisfy bonus requirement

Net Annual Rewards

$524.5

Annual fee deducted

$75 $150 Cash Rebate From FinlyWealth expiring on

Card Information

Card Type
Points
Institution
Scotiabank
Card Network
Amex Canada

Fees

Annual Fee
$120
First Year Free
Yes
Additional Card Fee
$29

Interest Rates

Purchase
20.99%
Cash Advance
22.99%
Balance Transfer
22.99%

Eligibility

Estimated Credit Score
Good
Min Income - Personal
$12,000
Min Income - Household
$12,000

How to earn rewards

6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
1 Point per $1 spent on all other eligible purchases

Welcome Bonus

Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.

Insurance

Coverage

Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership

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

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

Cons

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

Scotiabank Gold American Express® Card

First Year Value:

$1,244.5

$150

4.9/5

Annual Fee

$120

Learn More

First Year Bonus

$450

Modify spending to satisfy bonus requirement

Net Annual Rewards

$524.5

Annual fee deducted

$75 $150 Cash Rebate From FinlyWealth expiring on + Up to 45,000 Scene+ points ($450 value)

Card Information

Card Type
Points
Institution
Scotiabank
Card Network
Amex Canada
Loyalty
Scene+

Fees

Annual Fee
$120
First Year Free
Yes
Additional Card Fee
$29

Interest Rates

Purchase
20.99%
Cash Advance
22.99%
Balance Transfer
22.99%

Eligibility

Estimated Credit Score
Good
Min Income - Personal
$12,000
Min Income - Household
$12,000

How to earn rewards

6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
1 Point per $1 spent on all other eligible purchases

Welcome Bonus

Insurance

Coverage

Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership

Pros

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

Cons

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

MBNA Rewards World Elite® Mastercard®

4.7/5

MBNA Rewards

Credit Score:

Very Good

First Year Value:

$777.84

Annual Fee

$120

Learn More

First Year Bonus

$300

Modify spending to satisfy bonus requirement

Net Annual Rewards

$477.84

Annual fee deducted

10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening

Card Information

Card Type
Points
Institution
MBNA
Card Network
Mastercard

Fees

Annual Fee
$120
First Year Free
No
Additional Card Fee
$50

Interest Rates

Purchase
19.99%
Cash Advance
24.99%
Balance Transfer
N/A

Eligibility

Estimated Credit Score
Very Good
Min Income - Personal
$80,000
Min Income - Household
$150,000

How to earn rewards

5 points on restaurant, grocery, digital media, membership, and household utility purchases (maximum $50,000 spend annually per category)
1 point for everything else

Welcome Bonus

10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening

Insurance

Coverage

Mobile Device Insurance
$1000
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
31 days
Flight Delay
$500/person after 4 hours
Travel Accident
$1,000,000
Emergency Out of province Medical
$2M for 21 days
Lost or Stolen Baggage
$1000/person
Baggage Delay
$1000/person

Benefits

Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
Concierge Services
Price Protection
$500/item, $1000/account per year

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

Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
Great annual birthday bonus with up to $150 in value.
A solid list of travel insurance and benefits.
Price protection, a rare feature not offered by many other cards.
Good value for many of the card's redemption options.

Cons

Trip cancellation and interruption insurance, two great benefits are missing from this card.
Not the best card for gas purchases.

MBNA Rewards World Elite® Mastercard®

First Year Value:

$777.84

4.7/5

Annual Fee

$120

Learn More

First Year Bonus

$300

Modify spending to satisfy bonus requirement

Net Annual Rewards

$477.84

Annual fee deducted

10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening

American Express Membership Rewards

Card Information

Card Type
Points
Institution
MBNA
Card Network
Mastercard
Loyalty
MBNA Rewards

Fees

Annual Fee
$120
First Year Free
No
Additional Card Fee
$50

Interest Rates

Purchase
19.99%
Cash Advance
24.99%
Balance Transfer
N/A

Eligibility

Estimated Credit Score
Very Good
Min Income - Personal
$80,000
Min Income - Household
$150,000

How to earn rewards

5 points on restaurant, grocery, digital media, membership, and household utility purchases (maximum $50,000 spend annually per category)
1 point for everything else

Welcome Bonus

10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening

Insurance

Coverage

Mobile Device Insurance
$1000
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
31 days
Flight Delay
$500/person after 4 hours
Travel Accident
$1,000,000
Emergency Out of province Medical
$2M for 21 days
Lost or Stolen Baggage
$1000/person
Baggage Delay
$1000/person

Benefits

Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
Concierge Services
Price Protection
$500/item, $1000/account per year

Pros

Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
Great annual birthday bonus with up to $150 in value.
A solid list of travel insurance and benefits.
Price protection, a rare feature not offered by many other cards.
Good value for many of the card's redemption options.

Cons

Trip cancellation and interruption insurance, two great benefits are missing from this card.
Not the best card for gas purchases.

American Express® Green Card

3.9/5

Credit Score:

Good

First Year Value:

$677.86

Annual Fee

Learn More

First Year Bonus

$210

Modify spending to satisfy bonus requirement

Net Annual Rewards

$467.86

Annual fee deducted

Earn a Welcome Bonus of 10,000 points when you charge $1,000 in purchases to your Card in the first 3 months.

Card Information

Card Type
Points
Institution
American Express
Card Network
Amex Canada

Fees

Annual Fee
$0
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn rewards

1x point per $1 spent on all purchases

Welcome Bonus

Earn a Welcome Bonus of 10,000 points when you charge $1,000 in purchases to your Card in the first 3 months.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Amex Experiences™
With Amex Experiences™ and Front Of The Line® Amex Presale Tickets, American Express Cardmembers get access to amazing events in Canada
Extra points
2 points on Amex Travel Online purchases

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

No Spending Limits: Earn unlimited rewards with no caps.
Flexible Redemption: Transfer points to other loyalty programs for maximum value.
VIP Perks: Access a variety of exclusive benefits through Amex Experiences™.
Eco-Friendly: The card is made from 99% recycled plastic.

Cons

Lower Reward Rates: Earn rates are lower compared to other no-fee cards.
Limited Travel Perks: Lacks some of the travel benefits and insurance options provided by other cards.

American Express® Green Card

First Year Value:

$677.86

3.9/5

Annual Fee

Learn More

First Year Bonus

$210

Modify spending to satisfy bonus requirement

Net Annual Rewards

$467.86

Annual fee deducted

Earn a Welcome Bonus of 10,000 points when you charge $1,000 in purchases to your Card in the first 3 months.

Card Information

Card Type
Points
Institution
American Express
Card Network
Amex Canada
Loyalty
American Express Membership Rewards

Fees

Annual Fee
$0
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn rewards

1x point per $1 spent on all purchases

Welcome Bonus

Earn a Welcome Bonus of 10,000 points when you charge $1,000 in purchases to your Card in the first 3 months.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Amex Experiences™
With Amex Experiences™ and Front Of The Line® Amex Presale Tickets, American Express Cardmembers get access to amazing events in Canada
Extra points
2 points on Amex Travel Online purchases

Pros

No Spending Limits: Earn unlimited rewards with no caps.
Flexible Redemption: Transfer points to other loyalty programs for maximum value.
VIP Perks: Access a variety of exclusive benefits through Amex Experiences™.
Eco-Friendly: The card is made from 99% recycled plastic.

Cons

Lower Reward Rates: Earn rates are lower compared to other no-fee cards.
Limited Travel Perks: Lacks some of the travel benefits and insurance options provided by other cards.

SimplyCash™ Preferred Card from American Express

4.7/5

Cash Back

Credit Score:

Good

First Year Value:

$614.35

Annual Fee

$119.88

Learn More

First Year Bonus

$200

Modify spending to satisfy bonus requirement

Net Annual Rewards

$414.35

Annual fee deducted

Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.

Card Information

Card Type
Cash Back
Institution
American Express
Card Network
Amex Canada

Fees

Annual Fee
$119.88
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn 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

Welcome Bonus

Insurance

Coverage

Emergency Out of province Medical
$5M/insured Person
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$100,000
Car Rental Damage & Theft
$85K up to 48 days
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™

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

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

SimplyCash™ Preferred Card from American Express

First Year Value:

$614.35

4.7/5

Annual Fee

$119.88

Learn More

First Year Bonus

$200

Modify spending to satisfy bonus requirement

Net Annual Rewards

$414.35

Annual fee deducted

Card Information

Card Type
Cash Back
Institution
American Express
Card Network
Amex Canada
Loyalty
Cash Back

Fees

Annual Fee
$119.88
First Year Free
No
Additional Card Fee
$0

Interest Rates

Purchase
21.99%¹
Cash Advance
21.99%¹
Balance Transfer
N/A

¹ If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

Estimated Credit Score
Good
Min Income - Personal
N/A
Min Income - Household
N/A

How to earn 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

Welcome Bonus

Insurance

Coverage

Emergency Out of province Medical
$5M/insured Person
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$100,000
Car Rental Damage & Theft
$85K up to 48 days
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™

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

Best Credit Card in Canada

American Express Cobalt® Card

Finly Rating

Welcome Bonus*

Up to 15,000 points

First Year Value

$1,255.2

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

$155.8

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended 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™
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
Good
Annual Income
N/A

^*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.

When someone asks, "What's the best credit card for me?" the Amex Cobalt is usually the first card that comes to mind. It offers a winning combination of high reward rates, valuable perks, a reasonable annual fee, and flexible point redemption options. Plus, it's easy to qualify for, making it accessible to a wide range of users.

For rewards, the Cobalt card takes the crown for 80% of FinlyWealth users. It consistently outperforms other cards, often by a significant margin. Even when using points for cash back—which isn’t the most valuable way to redeem them—the Cobalt still outpaces most traditional cashback cards in overall returns.

This card doesn’t just excel in rewards; it offers all the essential benefits for everyday purchases and goes above and beyond with its impressive travel perks. It’s a well-rounded card that covers every angle.

Therefore, if you don't have a specific benefit you're looking to maximize or aren't focused on optimizing just one reward category, the Amex Cobalt is likely the best choice for you.

Cashback Credit Cards

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®

Finly Rating

$60 Cash Rebate From FinlyWealth

Welcome Bonus

N/A

First Year Value

$420

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

Interest Rates

19.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

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

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

Insurance

Coverage

Emergency Out of province Medical
$1M, Up to 10 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1,000/person, $5,000 maximum
Trip Interruption
$1,000/person, $5,000 maximum
Car Rental Damage & Theft
$65,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
No Cost roaming
5 days

Eligibility

Credit Score
Very Good
Annual Income
$80,000 personal or $150,000 household

Even though the Rogers World Elite card does not have an annual fee, it earns the highest overall cashback rate on all purchases. It also gives tons of benefits which are great for travelers. The big catch is that you have a qualifying Rogers, Shaw or Fido Service and if not then the rewards earned on this card wouldn't be as high. In addition there is an income requirement for this card which not everyone qualifies for. If you have the service but not the income requirement you can go for the Rogers Red Mastercard instead.

SimplyCash™ Preferred Card from American Express

4.7

Finly Rating

Welcome Bonus*

Up to $250 ($200 in first year)

First Year Value

$614.35

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

$119.88

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$100,000
Car Rental Damage & Theft
$85K up to 48 days
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits*

Details*

Amex Experiences™
Access events and special offers curated for Cardmembers with Amex Experiences™

Eligibility*

Credit Score
Good
Annual Income
N/A

With massive cashback on groceries and gas, a very high cashback rate on other purchases, and a good coverage of benefits, the SimplyCash Preferred is another alternative cashback card if the Rogers card is not for you or you don't have any qualifying service.

Best Rewards (Points) and Best Flexible Redemption Credit Card

American Express Cobalt® Card

Finly Rating

Welcome Bonus*

Up to 15,000 points

First Year Value

$1,255.2

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

$155.8

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended 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™
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
Good
Annual Income
N/A

Sometimes, you're unsure how you want to use your rewards—you might want the flexibility to convert them into cash, gift cards, or use them for travel. The American Express points that come with this card offer excellent flexibility in how they can be redeemed. Additionally, with the massive rewards earned by the Cobalt card, it stands out as the best option for both point redemption and overall rewards.

American Express Gold Rewards Card®

4.25

Finly Rating

Welcome Bonus*

Up to 60,000 points

First Year Value

$1,629.03

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

$250

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Flexible Rewards: Enjoy flexible Membership Rewards point conversion with up to 2 points per $1 spent.
Travel Perks: Includes $100 annual travel credit and 4 free passes to Plaza Premium lounges in Canada.
Comprehensive Insurance: Comes with 11 types of insurance coverage.
Multiple Redemption Options: Offers 4 ways to redeem points for maximum value.

Cons

High Annual Fee: The card comes with a $250 annual fee.
Foreign Transaction Fees: A 2.5% fee applies to foreign transactions.
Limited Travel Insurance for Seniors: No travel medical insurance coverage for those over 65.
Lower Acceptance: As an American Express card, it may have lower acceptance compared to Visa or Mastercard.

Product Details

Rewards*

2x points per $1 spent on gas, groceries and drugstore purchases
2x points per $1 spent on travel (eligible flights, hotels, tours and more)
1x point per $1 spent on all other eligible purchases

Insurance*

Coverage*

Emergency Out of province Medical
15 days
Trip Cancellation
$1,500 per person, $3,000 combined
Trip Interruption
$1,500 per person, $6,000 combined
Flight Delay
$500 after 4 hour delay
Baggage Delay
$500 after 6 hour delay
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$500,000
Car Rental Damage & Theft
$85K, up to 48 days
Purchase Protection
90 days, Up to $1,000
Extended Warranty
Up to 1 year

Benefits*

Details*

Travel Credit
$100
Nexus Program Rebate
$50 statement credit every 4 years
Airport Lounge - Priority Pass
Pass only. No Complimentary visits!
Airport Lounge - Plaza Premium
4 Free complimentary visits
Complimentary Hotel Benefits
Hotels booked American Express Travel
Status lift
Hertz Gold Plus Rewards® loyalty program
American Express® Experiences
Extra points
Earn 2 points on Amex Travel Online purchases and extra points on American Express offers

Eligibility*

Credit Score
Good
Annual Income
N/A

The American Express Gold Rewards Card currently offers the best signup bonus among all credit cards. With spending requirements that align with the average budget, this is the top choice if you're seeking significant first-year value.

American Express® Green Card

3.9

Finly Rating

Welcome Bonus*

Up to 10,000 points ($210 value)

First Year Value

$677.86

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

Pros & Cons

Pros

No Spending Limits: Earn unlimited rewards with no caps.
Flexible Redemption: Transfer points to other loyalty programs for maximum value.
VIP Perks: Access a variety of exclusive benefits through Amex Experiences™.
Eco-Friendly: The card is made from 99% recycled plastic.

Cons

Lower Reward Rates: Earn rates are lower compared to other no-fee cards.
Limited Travel Perks: Lacks some of the travel benefits and insurance options provided by other cards.

Product Details

Rewards*

1x point per $1 spent on all purchases

Insurance*

Coverage*

Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits*

Details*

Amex Experiences™
With Amex Experiences™ and Front Of The Line® Amex Presale Tickets, American Express Cardmembers get access to amazing events in Canada
Extra points
2 points on Amex Travel Online purchases

Eligibility*

Credit Score
Good
Annual Income
N/A

If you're looking to avoid fees but still want a substantial signup bonus, the Green card is the perfect choice for this situation.

Best Travel Credit Cards

Best Overall Travel Card

Scotiabank Passport® Visa Infinite* Card

4.3

Finly Rating

$100 Cash Rebate From FinlyWealth

Welcome Bonus

Up to 35,000 Scene+ points

First Year Value

$543.9

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$150

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

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

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 days
Emergency Medical Over 65
$2M/insured up to 3 days
Trip Cancellation
$1,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/trip
Flight Delay
$500/person after 4 hours
Lost or Stolen Baggage
$1000
Baggage Delay
$1000
Travel Accident
$500,000/insured, $1M combined
Car Rental Damage & Theft
$65,000 up to 48 days
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

No Foreign Transaction Fees
Airport Lounge - Dragon Pass
6 Free complimentary visits
Status lift
Avis® Preferred Plus membership
Concierge Services
Visa Infinite Exclusive Benefits

Eligibility

Credit Score
Good
Annual Income
$60,000 personal or $100,000 household

If you're looking for a card with strong insurance coverage and travel-related benefits, the Scotia Passport card is the best option that offers all of these!

Best Lounge Access Credit Cards

For Unlimited Lounge Access

American Express Platinum Card®

4.5

Finly Rating

Welcome Bonus*

Up to 140,000 Membership Rewards® points (100,000 in 1st year)

Rewards Rate*

1x - 2x Points

Annual Fee*

$799

Interest Rates*

21.99% - 30% / 21.99% - 30%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Offers more perks than any other credit card in Canada, catering to premium users who value extensive benefits.
Enjoy $400 in annual travel and dining credits, which can offset some of the card's cost.
Gain unlimited access to over 1,400 airport lounges worldwide, enhancing your travel experience.
Multiple options for redeeming points for high value, giving you flexibility in how you use your rewards.
Includes 11 types of insurance coverage, offering comprehensive protection for cardholders.

Cons

As with other American Express cards, it may have lower acceptance in some locations compared to other networks.
The high annual fee of $799 may be a barrier for some users, especially those who do not fully utilize the card's benefits.
Some benefits are limited to specific airports and hotels.

Product Details

Rewards*

2x points per $1 spent on eligible dining & food delivery purchases (restaurant, fast food, coffee shop, food delivery)
2x points per $1 spent on eligible travel purchases (flights, hotels, tours and more)
1x point per $1 spent for all other purchases

Insurance*

Coverage*

Emergency Out of province Medical
15 days
Trip Cancellation
$2,500
Trip Interruption
$2,500
Flight Delay
$1,000
Baggage Delay
$1,000
Hotel Burglary Insurance
$1000
Lost or Stolen Baggage
$1,000
Travel Accident
$500,000
Car Rental Damage & Theft
Yes
Purchase Protection
120 days
Extended Warranty
1 year

Benefits*

Details*

Airport Lounge - American Express Global Lounge
Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1,400 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
Travel Credit
$200
Dining Credit
$200 at Select Restaurants
Nexus Program Rebate
$100 statement credit every 4 years
Complimentary Hotel Benefits
Hotels booked American Express Travel
Status lift
Upgrade to Hilton Honors Gold Status
Status lift
Upgrade to Marriott BonvoyTM Gold Elite status
Priority Travel
At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park
Concierge Services
Trip and legal Assistance
American Express® Experiences
Extra points
Earn 2 points on Amex Travel Online purchases and extra points on American Express offers

Eligibility*

Credit Score
Good
Annual Income
N/A

If you are a frequent traveler and go to lounges a lot, the best credit card for you would be the Platinum Card. There is only one credit card in Canada that offers unlimited lounge access, which is the Aeroplan Reserve card. However, that card only covers unlimited lounge access to Maple Leaf Lounges and Air Canada Cafés, which aren't very useful worldwide. On the other hand, the American Express Platinum has much wider coverage, with over 1,400 airports offering lounges that cardholders can use! In addition, you can bring one person in without fee, making it an even better deal for couples!

For Lounge Access with a few complimentary visits

Sometimes you are not willing to spend a huge amount on annual fees and only want to access lounges a few times a year. In these cases here are a few of the best options:

Scotiabank Passport® Visa Infinite* Card

4.3

Finly Rating

$100 Cash Rebate From FinlyWealth

Welcome Bonus

Up to 35,000 Scene+ points

First Year Value

$543.9

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$150

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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 days
Emergency Medical Over 65
$2M/insured up to 3 days
Trip Cancellation
$1,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/trip
Flight Delay
$500/person after 4 hours
Lost or Stolen Baggage
$1000
Baggage Delay
$1000
Travel Accident
$500,000/insured, $1M combined
Car Rental Damage & Theft
$65,000 up to 48 days
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

No Foreign Transaction Fees
Airport Lounge - Dragon Pass
6 Free complimentary visits
Status lift
Avis® Preferred Plus membership
Concierge Services
Visa Infinite Exclusive Benefits

Eligibility

Credit Score
Good
Annual Income
$60,000 personal or $100,000 household

With the many travel perks Scotia Passport offers, one of the best is the generous lounge access benefit, which includes six free visits!

For Lounge Pass

Having a Lounge pass allows you to access lounges for a small fee. Without the pass, you would need to pay for a membership before being able to purchase individual visits.

I currently have or may soon have a Tangerine Savings account

Tangerine World Mastercard

4.1

Finly Rating

$120 Cash Rebate From FinlyWealth

Welcome Bonus

10% Cash Back up to $100 value

First Year Value

$468.79

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

Interest Rates

20.95% / 22.95%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.

Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.
A few benefits such as free DragonPass for lounge access, Boingo Wi-Fi, and insurances like mobile insurance and car rental theft and damage insurance.

Cons

With these income and credit score requirements, there are cards with no annual fees that offer much higher rewards and benefits.
Very low cashback rate on the other categories not selected.

Product Details

Rewards

2% on the choice of two categories chosen from the 10 offered by Tangerine (3 if you have Tangerine's Savings account)
0.5% cashback on all other credit card purchases.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year
Mobile Device Insurance
$1000
Car Rental Damage & Theft
31 days

Benefits

Details

Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!
Boingo Wi-Fi hotspot

Eligibility

Credit Score
Good
Annual Income
$60,000 personal or $100,000 household

^* Check here for full details and current product information.

The Tangerine World Mastercard offers a free lounge pass with no annual fee, a benefit typically reserved for cards that do have an annual fee.

Best No Foreign Transaction Fee Cards

Scotiabank Gold American Express® Card

4.9

Finly Rating

$75 $150 Cash Rebate From FinlyWealth expiring on

Welcome Bonus

Up to 45,000 Scene+ points ($450 value)

First Year Value

$1,244.5

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

Pros & Cons

Pros

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

Cons

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

Product Details

Rewards

6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
1 Point per $1 spent on all other eligible purchases

Insurance

Coverage

Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year

Benefits

Details

No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership

Eligibility

Credit Score
Good
Annual Income
$12,000 personal or $12,000 household

The Scotiabank Gold American Express card is a very well-rounded card. With a comprehensive list of travel benefits that work alongside your no foreign transaction fee benefit and a great reward program, this card is recommended for everyone, but especially for travelers!

Scotiabank Passport® Visa Infinite* Card

4.3

Finly Rating

$100 Cash Rebate From FinlyWealth

Welcome Bonus

Up to 35,000 Scene+ points

First Year Value

$543.9

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$150

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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 days
Emergency Medical Over 65
$2M/insured up to 3 days
Trip Cancellation
$1,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/trip
Flight Delay
$500/person after 4 hours
Lost or Stolen Baggage
$1000
Baggage Delay
$1000
Travel Accident
$500,000/insured, $1M combined
Car Rental Damage & Theft
$65,000 up to 48 days
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

No Foreign Transaction Fees
Airport Lounge - Dragon Pass
6 Free complimentary visits
Status lift
Avis® Preferred Plus membership
Concierge Services
Visa Infinite Exclusive Benefits

Eligibility

Credit Score
Good
Annual Income
$60,000 personal or $100,000 household

One small note about the Scotiabank Gold card is that because it's American Express, it may not be as widely accepted as Visa, especially in some European countries. In these cases, the Scotiabank Passport card can be a really great alternative to go for.

For Airlines

WestJet RBC World Elite Mastercard

Finly Rating

Welcome Bonus

Up to $450 WestJet Dollars

First Year Value

$691.6

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$119

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

A no-brainer if you are a frequent WestJet traveler. The first free checked bag, annual companion pass, and status lift benefits alone make up more than the amount paid for the annual fee.
A very good list of travel insurance in addition to WestJet-specific benefits.

Cons

Not the best card for rewards accumulation, so it's better if paired with another card that offers higher rewards on non-WestJet purchases.
Rewards can only be used on WestJet, making them less flexible.

Product Details

Rewards

2% back in WestJet dollars on WestJet flights or WestJet Vacations packages
1.5% back in WestJet dollars on other purchases

Insurance

Coverage

Emergency Out of province Medical
15 days
Emergency Medical Over 65
3 days
Travel Accident
$500K
Car Rental Damage & Theft
$65K up to 48 days
Trip Interruption
$5K/person, $25K/trip
Flight Delay
$250/person, $500/occurrence
Baggage Delay
$500/person, $2500/occurrence
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Airport Lounge - Dragon Pass
Pass only, complimentary visits not included! Companion Voucher can be exchanged for 4 visits.
Companion Voucher
Travel within Canada or to the continental U.S. (excluding Hawaii), from $119 CAD, Travel to Hawaii or Mexico from $399 CAD, Travel to the rest of the WestJet network from $399 CAD
Status lift
Eern $500 in tier qualifying spend which applies towards achieving the next WestJet Rewards tier for every $15,000 CAD in Eligible Purchases on your WestJet RBC World Elite Mastercard (up to a maximum of $1,500 in tier qualifying spend in a qualifying year)
Free first checked bag
First checked bag is free for primary cardholder on WestJet flight and up to 8 guests
Discount
Member Exclusive fares: Exclusive discounts when you pay the full base fare with WestJet dollars
Boingo Wi-Fi hotspot
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall

Eligibility

Credit Score
Good
Annual Income
$80,000 personal or $150,000 household

If you travel with WestJet often, this card is the best for this Airline. It offers free checked bags for you and 8 people travelling with you and many other benefits

TD Aeroplan® Visa Infinite* Card

3.5

Finly Rating

Welcome Bonus

Up to 40,000 Aeroplan® points

First Year Value

$1,137.37

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$139

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

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

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 days
Emergency Medical Over 65
4 days
Trip Cancellation
$1,500
Trip Interruption
$5,000
Flight Delay
$500
Baggage Delay
$1,000
Lost or Stolen Baggage
$1,000
Travel Accident
$500,000
Car Rental Damage & Theft
yes
Hotel Burglary Insurance
$2500
Purchase Protection
90 days
Extended Warranty
1 year
Mobile Device Insurance
$1,000

Benefits

Details

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 years
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.S
Extra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Status 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 purchases
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance

Eligibility

Credit Score
Very Good
Annual Income
$60,000 personal or $100,000 household

And if you travel with AirCanada often this card would be a great choice for the many benefits it provides.

For Luxurious Travel

TD® Aeroplan® Visa Infinite Privilege*

3.2

Finly Rating

Welcome Bonus

Up to 100,000 points (70,000 in 1st year)

First Year Value

$1,472.85

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$599

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Premium experience for Elite Air Canada travelers with many benefits and status upgrades.
High coverage limit on insurance.
Numerous luxury benefits and statuses available for use.

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.
The high price tag makes this card a poor choice if you don't frequently travel with Air Canada.
The unlimited lounge access is limited to Maple Leaf Lounges and Air Canada Cafe lounges which don't have a great worldwide coverage.

Product Details

Rewards

2 points on Air Canada and Air Canada Vacations if they are in the first $100k transactions of the year
1.5 points on Gas, Groceries, Travel and Dining if they are in the first $100k transactions of the year
1.25 Point on everything else

Insurance

Coverage

Emergency Out of province Medical
$5M/insured up to 31 days
Emergency Medical Over 65
$5M/insured up to 4 days
Trip Cancellation
$2.5K/person, $5K/trip
Trip Interruption
$5K/person, $25K/trip
Flight Delay
$1,000/person after 4 hours
Baggage Delay
$1K/person after 4 hours
Lost or Stolen Baggage
$2.5K/person
Travel Accident
$500,000
Car Rental Damage & Theft
Up to 48 consecutive rental days
Hotel Burglary Insurance
$2500
Purchase Protection
120 days
Extended Warranty
2 years
Mobile Device Insurance
$1,500

Benefits

Details

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 years
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.S
Extra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Status lift
Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance
Extra points
Earn 2 Aeroplan points for every $1 you spend on eligible purchases with Rocky Mountaineer, Plus, cardholders could receive a GoldLeaf Upgrade, and a hotel room upgrade
Status lift
Complimentary upgrade to Avis® President's Club
Status lift
Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.
Status lift
Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.
Status lift
Diamond Status with Visa RSVP Rewards™ Benefit. Benefits at 60+ participating Sandman, Sandman Signature and Sutton Place Hotels from coast-to-coast in Canada and beyond.
Priority Travel
At Toronto, Vancouver, Ottawa and Montreal airports get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking.
Priority Travel
Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)
Airport Lounge - Dragon Pass
6 Free complimentary visits
Airport Lounge - Maple Leaf and AirCanada Cafes
Unlimited Access for you and one guest
Companion Voucher
Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card

Eligibility

Credit Score
Excellent
Annual Income
$150,000 personal or $200,000 household

If you like priority service at the airport, this card will give you faster security check-in, priority service, and many more benefits, making you feel special throughout your travel.

Best Insurance Credit Card

BMO CashBack® World Elite® Mastercard®

4.2

Finly Rating

Welcome Bonus

Up to $200

First Year Value

$690.78

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

20.99% / 23.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
Includes roadside assistance, a rare but valuable benefit for people on the road.
Provides a comprehensive list of insurance coverage and benefits.
High first-year value.

Cons

Does not include restaurant purchases as a reward category, which is one of the most important spending categories.

Product Details

Rewards

5% cashback on groceries (maximum $25 per statement)
4% cashback on daily transit (maximum $12 per statement)
3% cashback on gas (maximum $9 per statement)
2% cashback on recurring payments (maximum $10 per statement)
1% cashback on all other credit card purchases.

Insurance

Coverage

Emergency Out of province Medical
$5M up to 8 days per covered person
Travel Accident
$500,000
Flight Delay
$500 After 4 hours delay
Lost or Stolen Baggage
$500/person, $1000 maximum
Baggage Delay
$500/person, $1000 maximum After 6 hours
Hotel Burglary Insurance
$1000
Car Rental Damage & Theft
$65,000 up to 48 days
Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Details

Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
Roadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towing
Car Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a Car
Gas Discount
Get up to seven cents off per litre on Shell® fuel
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings
Boingo Wi-Fi hotspot

Eligibility

Credit Score
Good
Annual Income
$80,000 personal or $150,000 household

The BMO Cashback World Elite offers one of the most comprehensive lists of insurance coverage and a strong rewards program, securing its position as the top choice in this category.

Best Credit Cards based on Spending Categories

For Food Purchases

American Express Cobalt® Card

Finly Rating

Welcome Bonus*

Up to 15,000 points

First Year Value

$1,255.2

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee*

$155.8

Interest Rates*

21.99% / 21.99%

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

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

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 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended 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™
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
Good
Annual Income
N/A

One of the reasons the Cobalt card is considered one of the best overall cards in Canada is its massive rewards on food purchases. Since food is one of the top spending categories for most people, it makes sense to optimize your rewards in this area.

For Grocery Purchases

BMO CashBack® World Elite® Mastercard®

4.2

Finly Rating

Welcome Bonus

Up to $200

First Year Value

$690.78

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

20.99% / 23.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

Pros & Cons

Pros

Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
Includes roadside assistance, a rare but valuable benefit for people on the road.
Provides a comprehensive list of insurance coverage and benefits.
High first-year value.

Cons

Does not include restaurant purchases as a reward category, which is one of the most important spending categories.

Product Details

Rewards

5% cashback on groceries (maximum $25 per statement)
4% cashback on daily transit (maximum $12 per statement)
3% cashback on gas (maximum $9 per statement)
2% cashback on recurring payments (maximum $10 per statement)
1% cashback on all other credit card purchases.

Insurance

Coverage

Emergency Out of province Medical
$5M up to 8 days per covered person
Travel Accident
$500,000
Flight Delay
$500 After 4 hours delay
Lost or Stolen Baggage
$500/person, $1000 maximum
Baggage Delay
$500/person, $1000 maximum After 6 hours
Hotel Burglary Insurance
$1000
Car Rental Damage & Theft
$65,000 up to 48 days
Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Details

Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
Roadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towing
Car Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a Car
Gas Discount
Get up to seven cents off per litre on Shell® fuel
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings
Boingo Wi-Fi hotspot

Eligibility

Credit Score
Good
Annual Income
$80,000 personal or $150,000 household

There are many different grocery chains, such as Costco, Loblaws, and Walmart. It's important to note that Costco only accepts Mastercard, and some of these chains are not classified as grocery stores by Visa and American Express. Therefore, having a Mastercard is crucial for maximizing your cashback on grocery purchases. The BMO Cashback Mastercard is an excellent fit for this category, as it offers one of the highest cashback rates among credit cards.

For recurring purchases and Subscriptions

Scotia Momentum® Visa Infinite* Card

Finly Rating

$100 Cash Rebate From FinlyWealth

Welcome Bonus

10% Cash Back (up to $200 value)

First Year Value

$707.15

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

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

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
$1,000
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Trip Interruption
$2,000
Trip Cancellation
$1,500
Flight Delay
$500
Lost or Stolen Baggage
$500
Baggage Delay
$500
Car Rental Damage & Theft
48 days
Purchase Protection
90 days
Extended 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
Good
Annual Income
$60,000 personal or $100,000 household

When it comes to recurring purchases, no other credit card can match the high cashback you can earn with this card on those purchases. With a massive 4 percent cashback, this card is the best to use for these types of transactions.

Best Credit Cards with Rare perks and benefits

For Roadside Assistance

Triangle World Elite Mastercard

3.5

Finly Rating

Welcome Bonus

First Year Value

$340.5

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

Interest Rates

21.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

The only credit card in Canada that offers the highly valuable benefit of roadside assistance!

Cons

This card has a very low acceptance rate based on prior user applications. It's not a great option to have as your primary credit card, either in terms of rewards or benefits. However, it's a good card to complement your other credit cards.

Product Details

Rewards

4% back in CanadianTire dollars on almost everything at Canadian Tire, Sport Chek, Mark’s, L’Équipeur, Party City, Pro Hockey Life, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores
3% back in CanadianTire dollars on Groceries (Max 360) Except Costco and Walmart
1% back in CanadianTire on all other purchases

Insurance

Coverage

Purchase Protection
Up to 90 days
Car Rental Damage & Theft
31 days

Benefits

Details

Gas Discount
Save 7¢/L on premium fuel and 5¢/L on all other fuel types at Gas+ and Petro-Canada locations on gas
Concierge Services
Roadside Assistance
Roadside Assistance Gold Plan: With the Triangle World Elite Mastercard Roadside Assistance Gold Plan, you get towing distance of up to 250 km per service call to the destination of your choice (within Canada or the US)

Eligibility

Credit Score
Excellent
Annual Income
$80,000 personal or $150,000 household

No one likes getting stuck on the road and paying a hefty fee for roadside assistance. With the Triangle World Elite Mastercard, you can enjoy free roadside assistance with a no-fee credit card!

For Price Protection

MBNA Rewards World Elite® Mastercard®

4.7

Finly Rating

Welcome Bonus

Up to 30,000 points ($300 value)

First Year Value

$777.84

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$120

Interest Rates

19.99% / 24.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Why we like it

Pros & Cons

Pros

Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
Great annual birthday bonus with up to $150 in value.
A solid list of travel insurance and benefits.
Price protection, a rare feature not offered by many other cards.
Good value for many of the card's redemption options.

Cons

Trip cancellation and interruption insurance, two great benefits are missing from this card.
Not the best card for gas purchases.

Product Details

Rewards

5 points on restaurant, grocery, digital media, membership, and household utility purchases (maximum $50,000 spend annually per category)
1 point for everything else

Insurance

Coverage

Mobile Device Insurance
$1000
Purchase Protection
Up to 90 days
Extended Warranty
Up to a year
Car Rental Damage & Theft
31 days
Flight Delay
$500/person after 4 hours
Travel Accident
$1,000,000
Emergency Out of province Medical
$2M for 21 days
Lost or Stolen Baggage
$1000/person
Baggage Delay
$1000/person

Benefits

Details

Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
Concierge Services
Price Protection
$500/item, $1000/account per year

Eligibility

Credit Score
Very Good
Annual Income
$80,000 personal or $150,000 household

Have you ever purchased something, only to see a big discount the very next day? With price protection, you can safeguard yourself against these fluctuations and get reimbursed for the price difference when this happens.

Best Student Credit Card

RBC ION Visa

2.7

Finly Rating

Welcome Bonus

6,000 points ($60 value)

First Year Value

$293.39

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Good savings on gas if you are a regular petro-Canada gas customer.

Cons

Insurance coverage is the most basic.
Reward categories are not the best.
Avion reward points are generally less valuable.
Many other cards with no annual fee are available that are all-around better cards than ION Visa.

Product Details

Rewards

1.5 points for every dollar in grocery, rides, gas, electric vehicle charging, streaming, digital gaming, subscriptions and more
1 point for all other purchases

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Details

Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall

Eligibility

Credit Score
Good
Annual Income
N/A

For students, the aim is to get a card with easy approval and decent benefits, and the RBC ION card is one of the best cards to fulfill that purpose.

Best Secured Credit Card

Neo Secured Credit Card

4.7

Finly Rating

$45 Cash Rebate From FinlyWealth

Welcome Bonus

N/A

First Year Value

$333

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$60

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Best Secured Credit Card in Canada voted by FinlyWealth.
Only Secured Card that you can earn rewards with!
Option to add additional benefits with a monthly fee.
Some benefits provided are exclusive to Neo Card holders.
Deposit of only $50 required to get started

Cons

Only reports credit activity to TransUnion® and not Equifax®

Product Details

Rewards

Average of 5% cashback at Neo Partners
Up to 15% cashback on first purchases at Neo partners
1% cashback on gas and grocery
0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

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
Poor
Annual Income
N/A

The Neo Secured Card is the only secured credit card that offers rewards comparable to its unsecured counterpart, along with numerous benefits. This is something that almost no other secured card even comes close to offering!

Best Low Interest Credit Card

Scotiabank Platinum American Express® Card

3.5

Finly Rating

$200 Cash Rebate From FinlyWealth

Welcome Bonus

Up to 60,000 Scene+ points ($600 value)

First Year Value

$846.58

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$399

Interest Rates

9.99% / 9.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Low Interest Rate: Offers a competitive interest rate of 9.99%.
Strong Rewards: Earn 2x Scene+ points on all purchases.
Airport Lounge Access: Enjoy 10 complimentary lounge visits, including Plaza Premium Lounges, through Priority Pass (membership required).
Comprehensive Travel Insurance: Includes extensive coverage for travel-related needs.
Flexible Travel Rewards: Points can be redeemed for travel bookings with any provider.
No Foreign Transaction Fees: Shop internationally without extra charges.

Cons

High Annual Fee: The annual fee is steep compared to similar cards offering similar perks.
Limited Premium Perks: Lacks top-tier travel benefits like free checked baggage and priority boarding.

Product Details

Rewards

2 points on all eligible purchases

Insurance

Coverage

Emergency Out of province Medical
$2M, Up to 31 days
Emergency Medical Over 65
$2M, Up to 10 days
Trip Cancellation
$2500/person, $10000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Trip Interruption
$5000/person, $25000/trip
Baggage Delay
$1000 After 4 hours
Flight Delay
$1000/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1000
Purchase Protection
120 days
Extended Warranty
Up to a year

Benefits

Details

No Foreign Transaction Fees
Airport Lounge - Plaza Premium
10 visits, 4 visits for secondary card (combined with the Priority pass)
Airport Lounge - Priority Pass
10 visits, 4 visits for secondary card (combined with the Plaza Premium)
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership
Status lift
Hertz #1 Club Gold Member
Extra points
Extra 3 Scene+ points per Canadian dollar spent on hotel and car rental bookings made through Scene+ Travel using your Scotiabank Platinum American Express Card

Eligibility

Credit Score
Excellent
Annual Income
$12,000 personal

The Scotia Platinum card offers an interest rate lower than that of some lines of credit. Additionally, it provides many premium rewards and benefits, making it our top choice in this category.

Best Balance Transfer Credit Card

MBNA True Line® Mastercard®

Finly Rating

Welcome Bonus

12 months 0% promotional interest rate

Rewards Rate

Annual Fee

Interest Rates

12.99% / 24.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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

Great to reduce monthly interest payments during the promotional period.
Low purchase interest rate for people planning to put some balance on their credit card.

Cons

A flat fee has to be paid on the balance to make the transfer happen.
Not a good card other for purposes other than balance transfer.

Product Details

Rewards

No Rewards on This Card

Eligibility

Credit Score
Good
Annual Income
N/A

^* Check here for full details and current product information.

With the promotional welcome offer on this card, you'll be able to significantly reduce your monthly interest rate payments. Be sure to take advantage of it while the offer lasts!

Best Prepaid Card

EQ Bank Card

3.7

Finly Rating

Welcome Bonus

N/A

Rewards Rate

0.5% cash back on every purchase

Annual Fee

Interest Rates

N/A / N/A

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent