The 26 Best Credit Cards in Canada for 2024

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    Credit cards can open doors for you. Aside from enhancing your credit score, you’ll benefit from many other features, including airport lounge access, insurance coverage, and even free flights. However, navigating endless possibilities can be overwhelming (and expensive). This is why we created the list of the best credit cards in Canada. This guide was handcrafted and debated by a team of Canadian credit card specialists. Our methodology (explained in detail at the bottom) includes comparing cards based on their rewards potential, fees, and additional benefits. We selected cards that provide outsized value relative to their costs.

    Since there is no “one-size-fits-all” approach to credit cards, we’ve introduced sub-categories. Each sub-category contains a link to another list of top credit cards. This will help you learn more about the best cards for that particular purpose. For example, if travel credit cards are important to you, you can compare options within that category by viewing our sub-page. Furthermore, each card participates in a different rewards program. As such, we’ve linked to pages on these programs where appropriate. This guide is a high-level overview of the best card for each of the sub-categories. Without any further delay, let’s dive in.

    1. Neo Credit – Best Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”60fed96813fd2f260ff90748″]

    When we determined which is Canada’s best credit card, we made a bold choice: Neo Credit. This credit card is unique. It is also free and Neo accepts a range of credit scores. They score big points on the accessibility front!

    On average, you will earn 5% cash back at numerous partners located throughout the country, including Netflix, Avis and Clearly. There is over 10 000 partners! Neo offers a user-friendly mobile app that allows you to check which partners are available near you. The amount of cash back you can earn is unlimited, and you can find deals as good as 25% cash back at certain online and physical stores.

    Neo Financial also offers a bank account called Neo Money. You have the option to deposit your cash back into this account, where it will accrue interest at a rate of 1%. You can also set up your Neo Credit balance to be paid automatically from your Neo Money account. This way, you will never miss a payment!

    Neo Credit is a no annual fee credit card, but you can opt for a subscription to enjoy additional benefits. Whether your interests lie in travel, dining, or maintaining a healthy lifestyle, you can enhance your Neo Credit card with various perks to amplify your enjoyment of these activities. Perks are made to stack easily together. You can add more than one to your Neo Credit card and can replicate the rewards experience of multiple credit cards. Once your plans change, simply modify your selection of perks accordingly.

    For instance, with the Travel perk priced at $4.99 per month, you get 2% cash back on all foreign transactions and a 1.5x cash back boost at all hotel travel partners, as well as a Priority Pass airport lounge access at over 1,300 locations worldwide. Moreover, this perk offers comprehensive travel insurance coverage including emergency travel medical, trip cancellation, car rental protection and flight delay.

    Eligibility requirementsDescription
    Credit score (estimated)Fair (600 or more)
    Minimum incomeNone
    OtherYou are a Canadian resident, have a Canadian photo ID and are the age of majority in the province or territory where you live.

    2. BMO Ascend World Elite Mastercard – Best Travel Credit Card in Canada

    [Offer productType=“CreditCard” api_id=“5f2aceacff76a21b40c68aa7″]

    The BMO Ascend World Elite Mastercard is Canada’s top travel credit card, thanks to its high earnings potential on travel purchases and its premium travel perks. With the ability to earn 5x the points per dollar spent on travel, up to $15,000 annually, this card offers a high return on spending for frequent travellers. Given BMO’s point value of $0.67, this translates to a 3.35% return on travel purchases. BMO also offers flexibility when redeeming points on travel due to a lack of blackout dates and restrictions.

    Aside from a robust rewards program, the BMO Ascend World Elite also includes valuable benefits for frequent travellers. This consists of a DragonPass membership with four free airport lounge visits annually. You’ll also receive a free Boingo hotspot membership for the airport and in-plane Wi-Fi. For insurance, the BMO Ascend World Elite Mastercard is packed with coverage for travel mishaps. You get 21 days of emergency medical coverage, up to $5 million, and typical high-end benefits like concierge service, baggage delay, and trip cancellation/interruption insurance. Rental car collision coverage is also included. This extensive insurance package provides peace of mind when travelling.

    Eligibility requirementsDescription
    Credit score (estimated)Very good or excellent (740-900)
    Minimum income$80,000 (individual) or $150,000 (household) annual income
    OtherYou are a Canadian citizen or permanent resident and are the age of majority in the province or territory where you live.

    3. BMO CashBack Mastercard – Best Cash Back Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”5f298ccf68c746304bee1258″]

    With up to 3% on groceries, the BMO CashBack Mastercard earns a spot as the best cash back credit card in Canada. This card delivers maximum value on common spending categories and includes additional benefits. You’ll receive up to 3% cash back on groceries, 1% on recurring bills and 0.5% on everything else. While these categories have monthly caps, you still earn an unlimited 0.5% base rate after hitting the caps.

    As an added benefit, the BMO CashBack Mastercard offers purchase insurance and extended warranty insurance. Finally, cardholders also have access to exclusive discounts for certain events and shows, of of it with this no-fee credit card.

    Eligibility requirementsDescription
    Credit score (estimated)Fair (around 600) or higher
    Minimum income (estimated)$15,000
    OtherYou are a Canadian citizen or permanent resident and are the age of majority in the province or territory where you live. Also, you must not have declared bankruptcy in the past seven years. You must provide your name, date of birth, contact info, SIN, address, employment status, income source(s), and rent or mortgage amount.

    4. Scotiabank American Express Card – Best Credit Card in Canada for Rewards

    [Offer productType=”CreditCard” api_id=”62c453858e710d4f783b951d”]

    The Scotiabank American Express Card is a fantastic no-fee rewards credit card, offering impressive earning potential on your daily spendings. When you use this card, you’ll receive 3 points for every dollar spent at Sobey’s, Safeway, Foodland, Freshco, and several other grocery retailers across the country.

    What’s even more exciting about this card is that it doesn’t stop at rewarding you for groceries. You’ll earn a generous 2 Scene+ points for every dollar spent on dining (restaurants and meal delivery services), entertainment (including theaters and ticket agencies), rideshares and public transport, gas, and select streaming services. Then, you will get 1 point per $1 on anything else. Scene+ points are incredibly versatile and valuable, allowing you to redeem them for a wide range of rewards, from travel perks to banking products and statement credits.

    Being a Scotiabank American Express cardholder also brings the perks of the AMEX network. You’ll gain access to American Express Invites, giving you priority access to exciting events and experiences worldwide. Additionally, you’ll enjoy a 25% discount at participating Avis and Budget car rental locations, making your journeys even more affordable.

    Eligibility requirementsDescription
    Credit scoreGood (660 or more)
    Minimum incomeNone
    OtherYou are a Canadian resident and are the age of majority in the province or territory where you live.

    5. TD Aeroplan Visa Infinite – Best Aeroplan Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”631783e23fb86e5793a23a43″ id=”201507″]

    With a massive welcome bonus and earning potential, the TD Aeroplan Visa Infinite is Canada’s top Aeroplan credit card. This card maximizes earnings for travellers loyal to Air Canada. You’ll also receive various travel benefits, such as enhanced travel insurance and a complimentary checked bag. The TD Aeroplan Visa Infinite currently offers an incredible welcome bonus of up to $1,400 in value. This hefty bonus outweighs other Aeroplan cards.

    You’ll earn 1.5x Aeroplan points per dollar on gas, groceries, and Air Canada purchases. All other purchases earn 1 point per dollar spent. However, you’ll enhance the earn rate through Aeroplan partner brand purchases. Although alternatives can provide maximum points, our suggestion provides substantial value given the annual fee.

    As an Aeroplan credit card, you get preferred pricing on Aeroplan flight rewards and a free checked bag on Air Canada flights for you and your travel companions. These perks enhance the value when redeeming points for Air Canada flights. Other Visa Infinite benefits like travel insurance, concierge service, and car rental discounts round out the package. With category bonuses aimed at Aeroplan members, a substantial signup bonus, and Air Canada perks, the TD Aeroplan Visa Infinite offers the best overall value for Aeroplan rewards.

    Eligibility requirementsDescription
    Credit score (estimated)Good/very good (725 or more)
    Minimum income$60,000 personal or $100,000 household
    OtherYou are a Canadian resident and are of the age of majority in your province/territory of residence.

    6. MBNA True Line Mastercard – Best Balance Transfer Credit Cards in Canada

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    With its exceptionally long 0% promotional period and competitive post-promotional interest rate, the MBNA True Line Mastercard stands out as Canada’s best balance transfer card. Balance transfer cards provide significant savings for those with a credit card balance. They let you refinance to a lower interest rate. For example, instead of paying above 20% APR on a premium credit card, you can transfer the balance to the MBNA True Line Mastercard and pay an industry-leading 0% interest for 12 months.

    Once the promotional period ends, the annual interest rate is a very reasonable 12.99% on balance transfers and new purchases. At a time when interest rates are rising, this card stands out for keeping costs low. Furthermore, unlike many competitors, the MBNA True Line Mastercard has no annual fee. There are no extra costs to take advantage of the generous introductory offer or the card’s everyday low interest rate.

    With most other balance transfer cards limited to 6 months of 0% interest and some featuring post-promotional rates above 19%, the MBNA True Line Mastercard provides unmatched value. Its blend of an exceptionally long 0% term and competitive long-term rate creates the ideal environment for consolidating debt at the lowest cost.

    Eligibility requirementsDescription
    Credit score (estimated)Good (660 or more)
    Minimum incomeNone
    OtherYou are a Canadian resident and are of the age of majority in your province/territory of residence.

    7. Student BMO CashBack Mastercard – Best Student Credit Card in Canada

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    The BMO CashBack Mastercard is the best student credit card, thanks to its substantial cash back rewards on essential spending and flexible redemptions. With no annual fee, this card simplifies earning for students on a budget. Students should prioritize cash back credit cards due to flexible rewards redemption. Introductory-level travel cards generally earn insignificant points that take years to redeem on a flight.

    Offering a generous 3% cash back on groceries (up to $500 monthly), the BMO CashBack Mastercard maximizes rewards for significant student expenses. The 1% cash back on recurring bills also covers subscriptions and utilities. All other purchases earn 0.5% unlimited cash back.

    Your cash back is redeemable anytime, with no minimums required. Students can redeem small amounts to cover textbooks, meals, or other pressing costs. The flexibility is invaluable for students. There’s also the benefit of extended warranty and purchase protection at no annual fee cost. For students seeking fuss-free cash back earnings and redemptions, the BMO CashBack Mastercard is the top choice. Its unmatched grocery rewards and flexible access make maximizing value effortless for students on tight budgets.

    Eligibility requirementsDescription
    Credit score (estimated)Fair (around 600) or higher
    Minimum income (estimated)$15,000
    OtherYou are a Canadian citizen or permanent resident and are the age of majority in the province or territory where you live. Also, you must not have declared bankruptcy in the past seven years. You must provide your name, date of birth, contact info, SIN, address, employment status, income source(s), and rent or mortgage amount.

    8. Vault Prepaid Corporate Card – Best Business Credit Card in Canada

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    The Vault Prepaid Mastercard card is issued by Peoples Trust Company. Because it’s a prepaid card, you will avoid paying interests. Being the best card for businesses, it does not require a credit check or personal guarantee. There’s no annual or monthly fee to get 1 free physical card per user. For additional cards, you will pay $10 per card thereafter.

    Vault is a company founded in 2021 but it is registered with FINTRAC, which means it adheres to stringent financial standards and protocols. It offers a suite of features to help your businesses thrive in the digital age. They also offer multi-currency accounts and aims to be a one-stop solution for companies seeking to optimize their financial operations.

    The Vault corporate card earns 1% cash back on eligible purchases across all cards. Each user gets one free physical card, but you can create an unlimited amount of virtual cards for free. With this corporate credit card, you have the ability to establish individualized spending limits for employees or vendors on particular cards. Additionally, you can prevent transactions from specific merchants or within designated purchase categories. Whether you’re traveling or making payments for international services, Vault employs advanced routing technology to match each card transaction with its respective currency account, effectively avoiding costly foreign transaction fees.

    Eligibility requirementsDescription
    Credit score None
    Minimum income None
    OtherBe a Canadian corporation.
    If you have a sole proprietorship, partnership, or non-Canadian corporation, you cannot have this card.
    * This card is not available in Quebec.

    9. BMO AIR MILES World Elite Mastercard – Best AIR MILES Credit Card in Canada

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    The BMO AIR MILES World Elite Mastercard is Canada’s premier AIR MILES credit card, offering a lucrative welcome bonus, flexible redemptions, accelerated earn rates, and valuable perks. From the start, new cardholders can earn 2,000 bonus Miles by spending $3,000 in the first three months. The welcome bonus also includes no annual fees in the first year. Cardholders earn 3x miles for every $12 spent at AIR MILES partners. You’ll also receive 2x miles for every $12 spent at any eligible grocery store, and 1x on other purchases. You can also opt-in to receive double miles at Shell.

    Air Miles rewards can then be redeemed seamlessly for either Cash Rewards to offset purchases or Dream Rewards like flights and merchandise. Uniquely, you’ll receive a 25% discount on points when redeeming flights through this card. For AIR MILES collectors looking to maximize earnings across spending categories, redeem rewards freely, and access VIP perks, the BMO AIR MILES World Elite Mastercard is unmatched. Its tailored benefits and flexibility cement its status as the premier card for Mileage Plan members.

    Eligibility requirementsDescription
    Credit score (estimated)Good to very good (670 or higher)
    Minimum income$80,000 (individual) or $150,000 (household) annual income
    OtherYou are a Canadian citizen or permanent resident and are the age of majority in the province or territory where you live.

    10. TD Aeroplan Visa Infinite Privilege – Best Credit Card for Travel Insurance

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    With its unrivalled coverage, the TD Aeroplan Visa Infinite Privilege is the best Canadian credit card for travel insurance. Not only does this card offer many types of insurance, it provides the most coverage per event. While competing cards offer $1,000 in lost baggage coverage, the TD Aeroplan Visa Infinite Privilege offers $2,500. This enhanced protection applies to most of its insurance protections and costs less than most other travel insurance policies.

    Furthermore, the welcome bonus is designed to benefit new cardholders immediately. You’ll receive 20,000 Aeroplan points with your first purchase, 50,000 with spending $7,500 in 180 days, and another 30,000 by spending $12,000 within 12 months. This is up to 100,000 Aeroplan points in the first year, with a generous portion provided immediately. On an ongoing basis, the card earns Aeroplan points on everyday purchases, including accelerated earnings for Air Canada, gas, groceries, dining, and travel.

    Cardholders receive additional benefits such as Maple Leaf Lounge access, priority airport services, and a NEXUS rebate. Further advantages, such as Starbucks rewards boost and a companion pass, provide well-rounded value. For travellers and Aeroplan members seeking robust insurance and rewards, the TD Aeroplan Visa Infinite Privilege has no equal. Its unparalleled coverage and Air Canada perks give cardholders complete travel protection and enjoyment.

    Eligibility requirementsDescription
    Credit score (estimated)Good to very good (660 or higher)
    Minimum income$150,000 of personal income or $200,000 of household income
    OtherYou are a Canadian citizen or permanent resident and are the age of majority in the province or territory where you live.

    11. KOHO Prepaid Mastercard – Best Card to Build Credit

    [Offer productType=”CreditCard” api_id=”637cf8206bbb7962c19ae225″ id=”144191″]

    With its low-cost credit-building program, cash back rewards, and digital-first approach, the KOHO Prepaid Mastercard stands out as a top pick for the best credit card to build credit. For an extra $5 to $10 monthly, KOHO offers a structured credit-building feature that helps users improve their scores. Remarkably, KOHO users see their credit score increase by 22 points on average within three months of using the credit building service.

    You can get 1% cash back on select purchases, with options for higher rates on premium plans. KOHO is fully transparent with its fee structure, so no hidden costs exist. Users can maximize value through boosted cash back with partners and up to 5% interest on balances. For those seeking to build or rebuild credit affordably while still earning cash back rewards, the KOHO Prepaid Mastercard is a top contender. Its credit-building program and digital convenience provide a clear path to stronger credit.

    Eligibility requirementsDescription
    Credit score (estimated)None
    Minimum incomeNone
    OtherBe a permanent resident or Canadian citizen and have reached the age of majority in your province or territory of residence.

    12. Tangerine World Mastercard – Best Free Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”5f344d1b92ec22115033b303″ id=”176549″]

    With its lucrative welcome bonus, customizable cash back categories, universal acceptance, and extensive perks, the Tangerine World Mastercard stands out as Canada’s best free credit card. From the start, new cardholders can earn 10% cash back on up to $1,000 in spending within the first three months.

    A key feature is the ability to choose two categories to earn 2% cash back, plus a third category if rewards are deposited into a Tangerine Savings Account. This allows users to tailor earnings to their habits and rotate categories as necessary. As a Mastercard, the card is widely accepted around the world. Several travel benefits add value, like Boingo WiFi access worldwide, Mastercard Travel Rewards, and DragonPass airport lounge visits for $32 USD. The card is now eco-friendly, made from 100% recycled plastic. You’ll also receive purchase protection, extended warranty, rental car, and mobile device insurance.

    With no annual fee, the Tangerine World Mastercard provides unmatched value from a free card. Its unique mix of a lucrative welcome bonus, customizable rewards, global acceptance, travel perks, and environmental consciousness make it a standout choice for savvy Canadians seeking everyday value.

    Eligibility requirementsDescription
    Credit score (estimated)Good (660 or higher)
    Minimum income$60,000 in personal income or $100,000 for the household or total balances of $250,000 or more in Tangerine accounts
    OtherBe a resident of Canada and have reached the age of majority in your province or territory of residence. Be clear of bankruptcies over the past 7 years.

    13. MBNA True Line Mastercard – Best Low Interest Credit Card Canada

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    The MBNA True Line Mastercard offers a standout interest rate for a card with no annual fee, cementing itself as Canada’s best low interest credit card. New cardholders also enjoy 0% interest on balance transfers for 12 full months when completed within the first 90 days – one of the most generous offers in Canada. This allows substantial interest savings when consolidating debt.

    Eligibility is straightforward – be of age in your province and a Canadian resident. Features like Apple Pay, fund transfers, authorized user cards, and installment plans boost convenience and flexibility. As a Mastercard, the card is widely accepted worldwide and comes with standard Mastercard protections. MBNA emphasizes top-notch security and privacy as well.

    With an exceptionally long 12-month 0% term and ongoing 12.99% interest rate, the MBNA True Line Mastercard provides unmatched value for Canadians focused on minimizing interest expenses. Its balance transfer and purchase rates make it a clear winner for affordability.

    Eligibility requirementsDescription
    Credit score (estimated)Good (660 or more)
    Minimum incomeNone
    OtherYou are a Canadian resident and are of the age of majority in your province/territory of residence.

    14. KOHO Prepaid Mastercard – Best Prepaid Credit Card Canada

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    The KOHO Prepaid Mastercard stands out for its generous cash back rewards, high interest earnings, and digital convenience. This makes it a top prepaid credit card. Unlike most boring prepaid cards, users can earn up to 2% cash back on everyday purchases like groceries, dining, transportation, and more. KOHO also offers boosted 6% cash back when shopping with partner brands online and in-store.

    Furthermore, KOHO pays high interest, up to 4.5% on account balances. This allows users to grow their savings while earning cash back on spending. You’ll also receive no foreign exchange fees and discounted credit-building options depending on your plan. The prepaid card function ensures users only spend preloaded amounts, supporting responsible habits.

    As an app-based prepaid card, KOHO enables users to track spending and rewards via mobile notifications efficiently. Quick account setup, virtual cards, and extensive security features provide added convenience. With over one million Canadian users, KOHO has a proven track record of rewarding consumers. For prepaid card users focused on maximizing cash back earnings, the KOHO Prepaid Mastercard delivers. Its stellar cash back program and digital experience make it a top choice.

    Eligibility requirementsDescription
    Credit score (estimated)None
    Minimum incomeNone
    OtherBe a permanent resident or Canadian citizen and have reached the age of majority in your province or territory of residence.

    15. NEO Secured Credit Card – Best Secured Credit Card Canada

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    With guaranteed approval, minimal deposit, and generous cash back rewards, the Neo Secured Credit Card stands out as the best secured card for Canadians. Applicants are guaranteed acceptance regardless of credit history, with no hard credit check needed. The required security deposit starts at just $50, making the card highly accessible. Users can earn up to 15% cash back through participating partners, with a 5% average. If overall cash back falls below 0.5%, Neo tops you up.

    The Neo Secured Credit Card sets itself apart by having no annual fee, over-limit fees, or hidden costs. Credit limits flexibly match deposited funds, giving users control. An intuitive app provides spending insights to aid financial management. Auto-pay capabilities help avoid missed payments and build credit responsibly. Security funds are also fully refundable upon account closing, provided the balance is paid.

    With transparent policies, easy applications, and testimonials from happy members, Neo addresses common questions and concerns head-on. For Canadians seeking an affordable way to build credit with rewards, the Neo Secured Credit Card is hard to beat.

    Eligibility requirementsDescription
    Credit score (estimated)None
    Minimum incomeNone
    OtherBe a permanent resident or Canadian citizen and have reached the age of majority in your province or territory of residence.

    16. Simplii Financial Cashback Visa – Best Credit Card for Young Adults in Canada

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    With strong cash back and no annual fee, the Simplii Cashback Visa is the best credit card for young adults in Canada. Its elevated earn rates on essential spending make maximizing rewards easy. The Simplii Cashback Visa offers 4% cash back on restaurants, bars and cafes, 1.5% on groceries, gas, bills, and drugstores, and 0.5% on everything else. These categories align well with young adult spending.

    There are caps on the bonus categories, but they provide ample room to earn accelerated rewards. After reaching the caps, your cash back rates drop to the 0.5% baseline. The cash back accumulates and is redeemed on the final day of your December statement. You can think of it as lump-sum savings to offset your holiday spending. With no annual fee, the Simplii Cashback Visa is an affordable option for young adults. For young adults seeking straightforward cash back earnings, the Simplii Cashback Visa is the ideal choice. Its intuitive bonus categories and fee-free design make maximizing value effortless.

    Eligibility requirementsDescription
    Credit score (estimated)Good (660 or more)
    Minimum income$15,000 for the household
    OtherBe a Canadian resident (excluding Quebec), have reached the age of majority in your province or territory, and haven’t declared bankruptcy in the last 7 years.

    17. Scotiabank Passport Visa Infinite – Best Credit Card for Lounge Access

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    The Scotiabank Passport Visa Infinite is a distinguished credit card for frequent travellers. Its standout feature includes six complimentary Visa Airport Companion lounge visits annually, positioning it as the best credit card for lounge access. Beyond the lounge, international travellers and online shoppers will appreciate the absence of foreign transaction fees, ensuring cost-effective purchases in foreign currencies.

    The rewards structure is equally compelling. Cardholders can accumulate up to 3 Scene+ points on select grocery, dining, and entertainment expenses. Specifically, you’ll earn 3 points per dollar at partner grocery chains like Sobeys and Safeway, 2 points on dining, entertainment, and daily transit, and 1 point on other eligible everyday expenditures. A special introductory offer further sweetens the deal, allowing you to garner up to $1,100 in value, including 35,000 bonus Scene+ points, during the first year. You must make $1,000 in purchases for the first three months to qualify. The offer also includes 10,000 points for spending at least $40,000 within 12 months.

    Although the card carries a modest annual fee, it compensates with many insurance coverages, from travel emergency medical to rental car collision loss/damage Insurance. The first supplementary card is complimentary, making it easier for families to share the benefits. Additional perks elevate the experience, such as the Visa Infinite Hotel Collection, concierge service, and a complimentary Avis Preferred Plus membership.

    The Scotiabank Passport Visa Infinite is a top choice for discerning Canadians. With its lounge access, generous rewards, and comprehensive insurance offerings, it stands out as the ultimate credit card for lounge access.

    Eligibility requirementsDescription
    Credit score (estimated)Good/very good (700 or more)
    Minimum income$60,000 of personal income, a minimum household income of $100,000 or assets under management of $250,000 or more
    OtherBe a Canadian resident and be the age of majority in your province or territory.

    18. RBC Avion Visa Infinite – Best Visa Credit Card Canada

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    The RBC Avion Visa Infinite stands out among the best Visa credit cards due to its strong earning potential and comprehensive insurance coverage. One of its key highlights is the generous welcome bonus of up to 35,000 bonus Avion points. This translates up to $1,100 in airfare or can be transferred to various partners such as Avios, Asia Miles, or American Advantage.

    Aside from an industry-leading welcome bonus, the RBC Avion Visa Infinite has a well-balanced point structure. You’ll receive 1 Avion point per dollar, with a 25% bonus on eligible travel expenditures. The redemption flexibility through Avion Rewards is valuble, eliminating the constraints of blackout periods or seat restrictions. If there’s a seat available, it’s yours for the taking.

    A comprehensive suite of competitive insurance coverages, including a notable $1,500 mobile device insurance, ensures cardholders travel and shop with an added layer of security. Additional perks, such as the DoorDash, Rexall, and Petro-Canada rewards programs, amplify the card’s value proposition. Optional services like RBC Road Assist and Identity Theft & Credit Protection are available for those seeking further enhancements. In conclusion, the RBC Avion Visa Infinite goes beyond the ordinary credit card experience, offering a staggering welcome bonus, balanced earning potential, and comprehensive insurance coverage.

    Eligibility requirementsDescription
    Credit score (estimated)Good/very good (700 or more)
    Minimum income$60,000 of personal income or a minimum household income of $100,000
    OtherBe a Canadian resident and be the age of majority in your province or territory.

    19. CIBC Dividend Visa Infinite – Best Credit Card for Gas

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    The CIBC Dividend Visa Infinite Card is an excellent choice for Canadians looking for the best credit card for gas. With an impressive 4% cash back on gas and charging, it outperforms competitors like TD, currently only offering a temporary 6% cash back for three months. Furthermore, CIBC’s exclusive partnership with Journie Rewards enhances the cards appeal. This lets you save up to $0.10 per litre at selected pumps. This winning combination of cash back and direct savings makes every refuel or charge cost-effective.

    The CIBC Dividend Visa Infinite is widely recognized as a top-tier cash back option, particularly for gas and grocery purchases. For example, aside from gas and charging, the card also earns 4% on groceries. This is trailed by 2% on transportation, dining, and recurring payments and a 1% return on all other expenses. In addition to cash-back benefits, the card offers a comprehensive insurance package that includes mobile device and out-of-province emergency travel medical insurance, providing users with high security and protection. The Visa Infinite program enhances the card’s status, providing cardholders exclusive hotel privileges, curated dining experiences, and concierge services.

    With a modest annual fee waived for the first year and exceptional cash back on gas and groceries, the CIBC Dividend Visa Infinite stands as the leading credit card for gas in Canada.

    Eligibility requirementsDescription
    Credit score (estimated)Good/very good (700 or more)
    Minimum income$60,000 of personal income or a minimum household income of $100,000
    OtherBe a Canadian resident and be the age of majority in your province or territory.

    20. Scotiabank Gold American Express – Best Credit Card for Groceries

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    The Scotiabank Gold American Express credit card is the best card for grocery purchases. It earns 6 Scene+ points per $1 spent at participating stores like Sobeys, Safeway and more. That’s a 6% cash back. Then, you earn 5 points per $1 at other eligible grocery stores. Don’t hesitate to use these savings to travel more. Once abroad, this card waives FX fees, meaning you won’t have to pay a 2.5% to 3% mark-up on foreign transactions.

    The Scotiabank Gold American Express also earns 5 Scene+ points for every $1 you spend on dining and in eligible entertainment such as movies, theatre, and ticket agencies. Next, you get 3 points for every $1 spent on gas and transport (rideshare, buses, taxis, subway, etc.) as well as streaming services. Then, you earn 1 point for every $1 spent on all other eligible purchases.

    Redeeming your Scene+ points on Cineplex movie tickets will get you the best return on your grocery purchases. If you prefer travelling, you can also get a good redemption value on purchases like flights and hotels booked through the Scene+ Travel portal.

    Eligibility requirementsDescription
    Credit score (estimated)Good (700 or more)
    Minimum incomeNone
    OtherYou are a Canadian resident and are the age of majority in the province or territory where you live.
    Minimum credit limit of $5,000.

    21. BMO U.S Dollar Mastercard – Best USD Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”5f74ef62b5805d7b849e6b8a” id=”276922″]

    The BMO U.S. Dollar Mastercard is a standout choice for those who frequently transact in U.S. dollars or travel across the border regularly. It sets itself as the best USD credit card in Canada with a unique annual fee structure that essentially makes the card free with consistent use; once a yearly spend of U.S. $1,000 is reached, the subsequent year’s fee is waived.

    The BMO U.S. Dollar Mastercard doesn’t just offer convenience; it also provides protection. Every purchase made with the card comes with extended warranty and purchase protection. As a Mastercard, it also ensures smooth and hassle-free transactions at over 30 million locations worldwide, adding to its global appeal. For families, adding a cardholder at no extra cost extends the advantages to multiple members. When it comes time to settle the U.S. dollar bill, several convenient ways exist. This includes transfers from a BMO U.S. dollar bank account or pre-authorized debits from any U.S. dollar account in Canada.

    In conclusion, the BMO U.S. Dollar Mastercard is expertly designed for individuals who regularly transact in U.S. currency. Its fee rebates and additional benefits establish it as one of Canada’s leading USD credit cards. Whether you’re a frequent traveller to the U.S., a regular shopper on U.S. online platforms, or someone who deals in U.S. dollars regularly, this card offers a streamlined experience.

    Eligibility requirementsDescription
    Credit score (estimated)Fair (around 600 or higher)
    Minimum incomeNone
    OtherBe a Canadian resident and be the age of majority in the province or territory where you live.

    22. TD Aeroplan Visa Infinite Card – Best Airline Credit Card Canada

    [Offer productType=”CreditCard” api_id=”631783e23fb86e5793a23a43″]

    The TD Aeroplan Visa Infinite is a great travel credit card, especially for flights if you’re a loyal Air Canada customer. As the best airline card, it really helps you to accumulate those Aeroplan points! First, the TD Aeroplan Visa Infinite credit card usually offers a generous welcome bonus. Then, you earn 1.5 Aeroplan points for every $1 spent on gas, groceries and with Air Canada, and 1 point for every dollar spent on all other purchases. You get the best value when you redeem them for Air Canada flights, but you can also use your points to make hotel reservations, car rentals and get merchandise or gift cards. Every Air Canada seat available can be bought with points.

    There are several travel benefits that come with the TD Aeroplan Visa Infinite card. If you ever need help making a reservation, it includes complimentary concierge service. You’re also entitled to savings on checked baggage fees. Plus, the card offers a range of travel insurance, including travel medical insurance, trip cancellation or interruption insurance and flight delay insurance.

    Eligibility requirementsDescription
    Credit score (estimated)Good (660 or more)
    Minimum income$60,000 personal or $100,000 household income
    OtherYou are a Canadian resident and are the age of majority in the province or territory where you live.

    23. TD First Class Travel Visa Infinite Card – Best Hotel Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”5f35480892ec22115033b309″]

    The TD First Class Travel Visa Infinite credit card gives you access to the Visa Infinite Luxury Hotel Collection featuring over 900 properties. Interested in a room upgrade, VIP guest status or late check-out? This card might be what you are looking for. After all, it is the best hotel credit card! This card offers an annual birthday bonus of up to 10,000 TD Rewards points and comprehensive travel insurance. Moreover, every year, you will get a $100 travel credit to cover for a hotel or other accomodation purchase of $500 or more made with Expedia For TD.

    The TD First Class Travel Visa Infinite card earns 8 TD Rewards points per dollar spent when you book with Expedia for TD. You also get 6 points at grocery stores and restaurants, 4 points on recurring bill payments set up in your account and 2 points on all other purchases you make with the card. You can choose to redeem your TD Points in many ways: paying down your credit card balance, travel bookings or shopping on TD rewards.

    EligibilityDescription
    Credit score (estimated)660
    Annual income$60,000 personal or
    $100,000 household
    OtherBe a Canadien resident.
    Have reached the age of majority in your province or territory.

    24. BMO eclipse Visa Infinite Privilege Card – Best Premium Credit Card Canada

    [Offer productType=”CreditCard” api_id=”5ff3cef15b6ac16a9cdc8c6a”]

    The BMO eclipse Visa Infinite Privilege card is a symbol of luxury. Its perks are unique, numerous and you can only get them with the best premium cards. To start, you’ll enjoy an annual $200 credit that partly offsets the card’s annual fees. It’s a great card for couples because you’ll boost your points by a cool 25% as soon as you add an authorized user to your account.

    If you are looking for a premium card, you probably travel a lot. Cardholders have access to participating lounges within the Visa Airport Companion Program. Membership includes 6 free lounge visits per membership year. You can use them for yourself as well as for your accompanying guests.

    The BMO eclipse Visa Infinite Privilege card earns 5 points per $1 spent on travel-related purchases. You’ll also get a stellar 5 BMO Rewards points per $1 spent on groceries, gas, drugstore purchases, restaurants, and meal delivery. For all other expenses, you’ll still get 1 point per dollar.

    If you charge $2,000 in monthly expenditures to this card, you could buy a trip from Vancouver to Rio de Janeiro with your points and still have some left to buy a premium blender. Indeed, at this rate, you will amass approximately 180,000 points within a year.

    Eligibility requirementsDescription
    Credit score (estimated)Very good/Excellent (760 or more)
    Minimum income$150,000 personal or $200,000 household income
    OtherYou are a Canadian resident and are the age of majority in the province or territory where you live.

    25. Rogers World Elite Mastercard – Best Free Travel Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”5f9043f69499f16c55a7c5c0″]

    The Rogers World Elite Mastercard credit card offers a 3% cash back rate on all eligible USD purchases, and 1.5% on everything else you buy. That is why this no-fee card is amazing for those of you who love travelling, especially to the United States. You are always protected against unauthorized purchases at home and abroad. You also get a welcome bonus of $25 in cash back if you make a first purchase within three months of receiving the card.

    This credit card should definitely pique the interest of globetrotters. Indeed, the Rogers World Elite Mastercard offers a range of travel insurance, such as out-of-province and out-of-country emergency medical care, as well as trip interruption and cancellation. With this card, you get a complimentary membership to Mastercard Travel Pass provided by DragonPass, granting you access to over 1,300 airport lounges at the cost of $32 USD per person per visit. For getaways closer to home, this card also offers collision and damage insurance for car rentals.

    Eligibility requirementsDescription
    Credit score (estimated)Very good (725 or more)
    Minimum income$80,000 personal or $150,000 household income
    OtherMust be a Canadian resident, have reached the age of majority in the province or territory of residence, and spend a minimum of $15,000 per year on the credit card.

    26. Tims Credit Card – Best Restaurant Credit Card in Canada

    [Offer productType=”CreditCard” api_id=”64dd008b7271d033a068311b”]

    Tim Hortons recently launched the Tims Credit Card which allows you to earn Tim Rewards points. You receive 5 points per dollar spent on gas, electric vehicle charging, groceries and public transit. The rewards rate make it one of the best store credit cards in Canada. But shopping at Tim Hortons is where you get the most points. The 15 points that the Tim credit card allows you to accumulate for each dollar spent at a Tim Hortons equals a 7.5% discount! For any other purchases, you get 1 point per $2.

    For example, a person who spends $50 per month at Tim Hortons, $200 in grocery stores, $100 on gas and $100 on public transit would collect 2,750 points. That’s more than required to get a full free meal based on Tim’s rewards levels. You could exchange 1,100 points for their popular morning sandwich, 400 points for a coffee, and the rest for sweets of your choice.

    The Tims Credit Card has a welcome offer of 10,000 points if you sign up before December 31, 2023. To get it, you must make a purchase within 30 days of opening your account. This will give you the first 4,000 points. Then, spend $200 or more per month, during the second, third and fourth months to add 2,000 bonus points each month. If you use streaming services, you could also get 3 months of free subscription to Crave (offer valid from September 19 to November 19, 2023).

    Eligibility requirementsDescription
    Credit score (estimated)Good (600 or more) but there is a secured version of the Tims Credit Card if your score is lower
    Minimum incomeNone
    OtherBe a Canadian resident and have a Canadian residential address, have reached the age of majority in your province or territory, provide identification and an email address.

    Rating Methodology

    The credit card rankings were determined by evaluating each card’s rewards, fees, introductory offers, and additional benefits. Cards that provided more rewards and benefits in contrast to fees earned higher rankings. As such, we selected the cards that give the most value for their cost.

    The rankings aim to provide readers with the top credit card in each category based on an unbiased assessment of the monetary value, perks, and overall utility each card can offer most consumers. The goal is to synthesize critical criteria into a straightforward scoring system that surfaces the strongest credit cards in each niche for Hardbacon readers.

    FAQs About the Best Credit Cards in Canada

    What is the best credit card in Canada?

    The best credit card in Canada is Neo Credit. This is because of its strong potential to earn and redeem rewards for a no-fee card.

    What credit card is best for me in Canada?

    The best credit card varies with purchasing habits, budget, and interest in additional features. However, Canada’s best overall credit card is Neo Credit. This card balances a solid potential to earn cash back, and affordable perks to customize your rewards.

    Which credit card am I eligible for?

    The credit card issuer determines eligibility for Canadian credit cards. Typically, this is based on your credit score and income. Generally, applicants with higher incomes and good to excellent credit scores have a greater chance of approval. Check your credit score before applying for any credit card to ensure you meet the requirements. 

    Does applying for a credit card affect my credit score?

    Applying for a credit card can affect your credit score. When you apply, the lender will likely do a hard check of your credit, which could slightly lower your score. Other lenders may perform a soft check which has a negligible effect on your credit score. Once approved, however, having a good-standing credit card can help your score by proving that you are responsible for the debt. Building up an established payment history over time is an effective way to improve your score. 

    What minimum credit score is required to get a credit card in Canada?

    The minimum credit score for a Canadian credit card varies with the issuer and type of card. Most lenders require at least 600 to be approved for basic cards. However, you can still qualify for secured credit cards if your score is lower. You’ll likely need a score of 650 or more for higher-tier cards, such as travel rewards cards. 

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    Daniel is an expert on travel, finance, and SEO. He received an Honours BBA (Finance) from Wilfrid Laurier University, then started his career with WOWA. Here, he learned various SEO tactics that were instrumental in quadrupling monthly traffic to one million views. Now the founder of Croton Content, Daniel helps financial companies scale through evergreen content. Aside from Hardbacon, notable clients include Forbes Advisor, WealthRocket, and Hellosafe. Daniel loves to travel when not working. Although based out of Lisbon, Portugal, some of his most adventurous destinations include Rio, Cairo, and Istanbul.