Want to Maximize Your Rewards? Compare the Best Offers and Find Your Perfect Credit Card Today
Credit cards can be more than just a convenient payment method—they can help you earn rewards, travel for less, and even save on everyday purchases. However, with so many options available, choosing the right card can feel overwhelming. This guide will help you compare the best credit cards in Canada so you can find the perfect fit for your spending habits and maximize your rewards.
Best Credit Cards in Canada by Category
We’ve selected the top credit cards based on different spending needs to help you narrow down your choices.
Best Overall Rewards Card
American Express Cobalt Card
- Annual Fee: $155.88 ($12.99/month)
- Rewards: 5x points on dining and groceries, 3x on streaming, 2x on travel, 1x on everything else
- Welcome Bonus: Up to 30,000 Membership Rewards points
- Best For: Everyday spending and travel rewards seekers
Best Cashback Credit Card
Scotia Momentum Visa Infinite
- Annual Fee: $120 (waived for the first year)
- Cashback: 4% on groceries and recurring payments, 2% on gas and transit, 1% on everything else
- Welcome Bonus: 10% cashback for the first 3 months (up to $2,000 in purchases)
- Best For: Earning high cashback on essential purchases
Best Travel Credit Card
TD Aeroplan Visa Infinite
- Annual Fee: $139 (first year waived)
- Rewards: Earn Aeroplan points on every dollar spent
- Welcome Bonus: Up to 50,000 Aeroplan points
- Best For: Frequent travelers who want premium travel benefits
Best No Annual Fee Credit Card
Tangerine Money-Back Credit Card
- Annual Fee: $0
- Cashback: 2% on two chosen spending categories, 0.5% on everything else
- Welcome Bonus: 10% cashback on up to $1,000 in the first two months
- Best For: Those looking for rewards without annual fees
Best Business Credit Card
American Express Business Edge
- Annual Fee: $99
- Rewards: 3x points on office supplies, rideshares, gas, and restaurants, 1x on everything else
- Welcome Bonus: Up to 45,000 Membership Rewards points
- Best For: Small business owners maximizing business expenses
How to Choose the Right Credit Card
Before applying for a credit card, consider the following factors:
1. Spending Habits
- If you spend a lot on groceries and dining, a card with higher rewards in these categories makes sense.
- Frequent travelers benefit from a card with points that convert to flights or hotels.
- Cashback lovers should look for high returns on everyday purchases.
2. Annual Fees vs. Benefits
- Higher annual fees often come with premium perks like airport lounge access or travel insurance.
- No-fee cards can still offer solid rewards, making them ideal for budget-conscious users.
3. Welcome Bonuses
- Many cards offer substantial welcome bonuses, but ensure you can meet the spending requirements to earn them.
4. Interest Rates
- If you carry a balance, look for a low-interest card instead of a rewards card.
Final Thoughts
Finding the perfect credit card depends on your lifestyle and financial goals. Whether you want to earn travel rewards, get cashback on daily purchases, or enjoy premium perks, there’s a card that fits your needs. Compare the best offers, consider your spending habits, and choose a card that maximizes your rewards.
Ready to start earning more rewards? Explore your options and find the best credit card for you today!
