Best Credit Cards by Bank

Sara Skodak

Author

Abid Salahi

Editor

10 min read

One look at our best credit card catalogue, and you’ll find plenty of top cards featured by various different financial institutions.

To help you sort through the best credit cards by bank, we implemented all the necessary filters to fabricate this comprehensive blog post.

Whether you’re leaning towards American Express, Scotiabank, TD or BMO, there’s a credit card with your name on it (or at least, the idea is it will have your name on it).

Best Credit Cards from the American Express Financial Institution

The American Express financial institution has some of the best credit cards in Canada.

While many contenders are geared towards travel, there are a few stand-out options in categories like everyday spending, cashback, and premium travel perks. The top three cards in this category represent these three card types perfectly.

Our choice for: Overall Best Credit Card in Canada, great at earning points to be used for travelling

American Express Cobalt® Card

Finly Rating

APPLY NOW

go to American Express' website

Welcome Bonus*

Up to 15,000 points

First Year Value

$1,255.2

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

Annual Fee*

$155.88

$12.99 Paid Monthly

Interest Rates

21.99%* / 21.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

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

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
Fair
Annual Income
N/A

^**Terms and conditions apply. 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%. 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.

It should come as no surprise that the American Express Cobalt Card is considered to be one of the best credit cards you can get (in fact, at FinlyWealth, we consider it to be the best credit card in Canada).

Why is this card so highly regarded? First and foremost, it has an amazing rewards program with high earning potential in popular everyday spend categories like eligible eats and drinks in Canada, groceries, and food delivery services. This high-earn category is followed up by solid rewards on eligible Canadian streaming subscriptions, gas, and transit.

The card also comes with decent insurance coverage, including some travel protections like flight and baggage delay insurance, hotel burglary insurance, and emergency out of province medical insurance. Other valuable coverages like mobile device insurance are also included on the Cobalt Card.

There are only a couple of benefits, but these benefits will please both entertainment-enthusiasts and travellers. Expect to reap the benefits of Amex Experiences – which feature the Front Of The Line Program and Reserved Tickets to the hottest concerts, plus an annual hotel travel credit when you book two or more consecutive nights at participating properties through the Hotel Collection with American Express.

Overall, the American Express Cobalt Card is the most well-balanced card from American Express (not to mention the Canadian credit card market), catering to everyday shoppers and casual travellers alike.

Our choice for: Highest cash back for everyday spending

SimplyCash™ Preferred Card from American Express

4.6

Finly Rating

APPLY NOW

go to American Express' website

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

$9.99 Paid Monthly

Interest Rates

21.99%* / 21.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

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

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

Let’s say you're a cashback kind of earner. In that case, the best credit card from the American Express financial institution is the SimplyCash Preferred Card from American Express.

This card gives you some of the most competitive cashback rewards in Canada, particularly on popular spend categories like gas and groceries. Even when you meet the card’s annual spending caps or you shop outside of these specialized earn categories, the base rate is above-average.

When it comes to coverage, the SimplyCash Preferred Card features the same insurance categories as the Cobalt Card, but certain categories – specifically travel accident insurance – offer a higher coverage value.

The benefits on the SimplyCash Preferred Card are basic, as it only includes standard Amex Experiences (unlike the Cobalt Card that also offers a travel credit).

Still, it’s also worth noting that the SimplyCash Preferred Card is slightly more affordable than the Cobalt Card.

All in all, the SimplyCash Preferred Card from American Express is the best credit card from the American Express financial institution for cashback-enthusiasts, whereas the Cobalt Card the best credit card for point collectors.

Our choice for: Travel Perks, Luxurious Travel, and Unlimited Lounge Access

American Express Platinum Card®

4.5

Finly Rating

APPLY NOW

go to American Express' website

Welcome Bonus*

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

Rewards Rate*

1x - 2x Points

Annual Fee*

$799

Interest Rates

21.99% - 30%* / N/A*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

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

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.

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
Fair
Annual Income
N/A

^**Terms and conditions apply. This Charge Card requires full payment of the Due in Full balance each month, with a 30% interest rate on late payments. The Flexible Payment Option balance has a 21.99% interest rate, which increases to 25.99% after two missed payments and 28.99% after three or more within 12 months. A 21-day interest-free grace period applies to new transactions if the full balance is paid by the due date. 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.

We’ve covered the best American Express financial institution credit cards for both points and cashback, now it’s time to uncover the best American Express financial institution credit card for perks.

The American Express Platinum Card offers more perks than any other credit card in Canada, with a long list of benefits that includes unlimited complimentary access to over 1,400 airport lounges through the American Express Global Lounge Collection, generous annual dining and travel credits, status lifts to Hilton Honors Gold Status and Marriott Bonvoy Gold Elite Status, plus priority travel perks like Priority Security lane, complimentary valet services, and discounts on airport parking.

The coverage is also top-tier, with valuable trip interruption and trip cancellation insurance, flight and baggage delay insurance, and emergency out of province medical insurance.

The rewards program on this card isn’t particularly impressive, but that’s because the focus of this premium travel credit card is the extensive perks.

To compensate for all of these perks, the American Express Platinum Card comes with a particularly high annual price tag. That said, if you make use of all the benefits on this contender, you may be able to offset the yearly fee.

Ultimately, the American Express Platinum Card is the best American Express financial institution credit card for high-earning frequent travellers who crave luxurious perks.

Best Credit Cards from CIBC

In all honesty, CIBC doesn’t have the best catalogue of credit cards compared to other institutions. However, if you’re looking for budget-conscious Aeroplan perks or low-interest rates, there might be a couple of credit cards to consider.

CIBC Aeroplan® Visa* Card

3.7

Finly Rating

APPLY NOW

go to CIBC's website

Welcome Bonus

Up to 10,000 Aeroplan® points

First Year Value

$568.45

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

Annual Fee

Interest Rates

20.99% / 22.99%, for Quebec 21.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The CIBC Aeroplan Visa Card is an excellent no-fee option for Aeroplan members who want to earn miles without an annual fee. Its solid earn rates on essential categories like gas and groceries make it easy to accumulate points quickly. The card also offers Preferred Pricing on Aeroplan redemptions, giving cardholders more value when they book flights with Air Canada. For someone looking for an entry-level Aeroplan card, this is a strong choice, especially with its generous welcome bonus.

Pros

No Annual Fee: Enjoy Aeroplan rewards with no cost to maintain the card.
Solid Rewards on Key Categories: Earn 1 Aeroplan point per $1 on gas, groceries, EV charging, and Air Canada purchases.
Preferred Pricing on Aeroplan Rewards: Get access to better redemption rates on Aeroplan flight rewards.

Cons

Limited Reward Rate: Only earns 1 point per $1.50 on all other purchases, which is less competitive than some other no-fee cards.
Best Value for Air Canada Flyers: Maximum redemption value is through Air Canada flights, which limits flexibility if you don’t frequently fly with Air Canada.

Rewards

1 Aeroplan® point per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 Aeroplan® point per $1.50 spent (0.66 point per $1) on all other purchases

Insurance

Coverage

Travel Accident
$100,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Car Rental Damage & Theft
Up to $65k car MSRP

Benefits

Details

Discount
Primary cardholders can often book flight rewards for even fewer points
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore

Eligibility

Credit Score
Very Good
Annual Income
$15,000 household

Starting with the affordable Aeroplan-branded contender, the CIBC Aeroplan Visa Card allows you to collect miles for no annual fee.

To earn these miles, tap your card on eligible gas, electric vehicle charging, grocery, or Air Canada purchases.

You can also travel with some protection like travel accident and car rental damage and theft insurance.

The benefits on this card include preferred pricing on Air Canada flights – allowing you to make eligible bookings for fewer points, and double the points on purchases made at over 150 Aeroplan partner brands and more than 170 online retailers through the Aeroplan eStore.

At the end of the day, the CIBC Aeroplan Visa Card is a great beginner-friendly Aeroplan-branded credit card with solid rewards on essential categories and enticing benefits like preferred pricing on eligible flights.

CIBC Select Visa* Card

Finly Rating

APPLY NOW

go to CIBC's website

Welcome Bonus

Balance transfer 0% interest for up to 10 months with a 1% transfer fee

Rewards Rate

No Rewards

Annual Fee

$29 $0

Interest Rates

13.99% / 13.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

A nice low rate card for everyday spending.

Pros

Low interest rate
Nice welcome offer for balance transfer

Cons

No rewards
Missing Purchase protection and Extended warranty as benefit almost covered by all other credit cards

Rewards

No rewards earned on this card

Insurance

Coverage

Travel Accident
$100,000

Eligibility

Credit Score
Good
Annual Income
N/A

You can get even more budget-conscious with the CIBC Select Visa Card.

For starters, this card offers a welcome bonus of no interest for nearly a year with an extremely low balance transfer fee. After which, interest rates still remain decently low.

To top off this intro offer, cardholders will also receive a first year annual fee rebate.

The inclusion of this credit card in this category just goes to show that CIBC has some solid contenders for those who carry a balance in addition to those who tend to travel.

Best Credit Cards from RBC

While RBC doesn’t have a ton of top-ranking credit cards in its catalogue, there’s one card in particular that’s worth pointing out – especially if you’re a frequent WestJet flyer.

WestJet RBC World Elite Mastercard

Finly Rating

APPLY NOW

go to RBC's website

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

Get your free credit score

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

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.

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

The WestJet RBC World Elite Mastercard is best known for its travel benefits which include a Dragon Pass membership (complimentary visits not included), free first checked bags for the primary cardholder and up to 8 travel companions, WestJet Rewards tier status lifts when spending milestones are met, and a companion voucher (which can be exchanged for some complimentary airport lounge visits through the Dragon Pass).

To complement these travel perks, the WestJet RBC World Elite Mastercard comes with some good insurance coverage like trip interruption, flight and baggage delay, and emergency medical coverages.

The rewards aren’t necessarily remarkable, but they do earn you decent cashback in WestJet dollars on WestJet flights or WestJet Vacations packages.

The annual fee on this card is reasonable considering the perks, but the income requirements run a bit high.

In conclusion, the best RBC credit card is the WestJet RBC World Elite Mastercard which best suits high-earning frequent WestJet travellers.

Best Credit Cards from Scotiabank

Scotiabank is another top institution with plenty of valuable credit cards that cater to travellers, everyday spenders, and budget-conscious cardholders as well.

Let’s take a look at this financial institution’s top three contenders:

Our choice for: Great rewards and travel benefits

Scotiabank Gold American Express® Card

4.9

Finly Rating

APPLY NOW

go to Scotiabank's website

$100 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 40,000 Scene+ points ($400 value)

First Year Value

$1,024.5

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

Get your free credit score

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.

Rewards*

Earn 6x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
Earn 5x Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
Earn 5x Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services
Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia

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

^*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information. Check here for full details and current product information.

Let’s start with the card that FinlyWealth considers to be the best overall travel credit card: the Scotiabank Gold American Express Card.

This card allows you to rack up tons of Scene+ points at partnered grocers (like Sobeys), plus plenty of points on dining, food delivery services and subscriptions, groceries, entertainment, gas, transit, streaming, and Scene+ Travel purchases. That’s right, with the Scotiabank Gold American Express Card, the earning possibilities are nearly endless.

The coverage on this card is just as comprehensive, with travel-oriented protections like trip interruption and trip cancellation insurance, emergency medical coverages, and flight and baggage delay insurance.

Expect benefits like American Express Experiences, concierge services, a discount on a Priority Pass membership, and most notably, no foreign transaction fees (so you can forgo that typical 2.5% fee that’s usually incurred when shopping outside of Canada).

To get your hands on this card, you’ll need to fund a reasonable annual fee and meet some small income requirements.

Therefore, the Scotiabank Gold American Express Card is not only the best travel credit card offered by the Scotiabank financial institution, it’s also the best travel credit card in all of Canada on account of its generous rewards program, its surplus of travel coverage, and its valuable travel benefits like no foreign transaction fees.

Our choice for: Premium Travel Perks and Lounge Access

Scotiabank Passport® Visa Infinite* Card

4.8

Finly Rating

APPLY NOW

go to Scotiabank's website

$100 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 40,000 Scene+ points

First Year Value

$593.9

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

Get your free credit score

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

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.

Rewards*

Earn 3x Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
Earn 2x Scene+ points for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options(including rideshares, buses, subways taxis and more)
Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
Earn additional benefits + up to 4x Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia

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
Avoid the usual 2.5% forex fees on your purchases when you travel outside of Canada
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

The next best credit card from the Scotiabank financial institution is the Scotiabank Passport Visa Infinite Card – another travel-oriented option.

This contender is a bit more expensive annually when compared to the Scotiabank Gold American Express Card, plus it has some higher income requirements.

While the rewards program isn’t nearly as comprehensive as the Scotiabank Gold American Express Card’s rewards program, the Scotiabank Passport Visa Infinite Card still earns cardholders solid Scene+ points at partnered grocers (like Sobeys), other eligible grocery store purchases, dining, entertainment, transit, and bookings made through Scene+ Travel.

When you compare the two cards’ coverage, you’ll find that the Scotiabank Gold American Express Card is slightly more extensive since it includes mobile device insurance, but the Scotiabank Passport Visa Infinite Card has better coverage in certain categories like emergency out of province medical, emergency medical over 65, and trip interruption insurance.

Both cards boast no foreign transaction fees and concierge services, but the Scotiabank Passport Visa Infinite Card goes on to add Visa Infinite Exclusive Benefits, a handful of complimentary airport lounge visits through the Dragon Pass, and a status lift to an Avis Preferred Plus membership.

At the end of the day, the Scotiabank Passport Visa Infinite Card is superior to the Scotiabank Gold American Express card in terms of premium perks like lounge access, better coverage in certain travel categories, and a higher acceptance rate overall as a method of payment (since the Scotiabank Gold American Express Card is networked by Amex and thus has a lower acceptance rate as a result).

Scotiabank Value® Visa* Card

Scotiabank Value® Visa* Card

Finly Rating

APPLY NOW

go to Scotiabank's website

$60 Cash Rebate From FinlyWealth

Welcome Bonus*

0.99% interest on balance transfers for 9 months + first year fee rebate

Rewards Rate*

Annual Fee*

$29 $0

Interest Rates

13.99%* / 13.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

This is a great card for those who carry a balance every month and want to take advantage of much lower interest rates compared to most other cards. It also comes with a great introductory balance transfer rate for a limited number of months.

Pros

A great low introductory interest rate on balance transfers
Only 13.99% interest rate on purchases, balance transfers, and cash advances.

Cons

No rewards on daily purchases
Limited insurance

Rewards*

This card does not earn rewards on purchases but instead offers much lower interest rates.

Insurance*

Coverage*

Balance Protection
optional

Benefits*

Details*

Car Rental Discount
Avis car rental discount up to 25% worldwide

Eligibility*

Credit Score
Good
Annual Income
N/A

As you’ve probably gathered, Scotiabank is a great credit card financial institution for travellers. What you’re about to find out is that it’s also a top-tier financial institution for low interest. In fact, our next contender, the Scotiabank Value Visa Card, is voted Finly’s best overall low interest credit card.

It’s true, the Scotiabank Value Visa Card lacks a rewards program, but that doesn’t mean it isn’t rewarding in other areas. Take the welcome bonus for example. In the first 9 months of membership, cardholders receive an extremely low introductory interest rate on balance transfers. For the rest of the time, cardholders can expect all-time-low interest rates on purchases and cash advances.

To make the card even more budget-friendly, the annual fee is completely rebated in the first year.

If you were hoping for some more perks, you can opt in to some balance protection insurance, plus you’ll receive car rental discounts with Avis.

So, the Scotiabank Value Visa Card is the best Scotiabank financial institution credit card for budget-conscious cardholders who may carry a balance.

Best Credit Cards from TD

TD doesn’t necessarily have some of the best credit cards overall, but it does have one travel credit card worth noting.

TD First Class Travel® Visa Infinite* Card

3.9

Finly Rating

APPLY NOW

go to TD's website

Welcome Bonus

Up to 135,000 TD Rewards Points

First Year Value

$1,076.23

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

Annual Fee

$139 $0

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The TD First Class Travel Visa Infinite Card is an excellent option for frequent travelers who book through Expedia For TD and want to maximize rewards on travel purchases. The high welcome bonus and extensive insurance coverage make this card stand out. However, the high income requirements and limited value of TD points may not make it the best fit for everyone.

Pros

Generous welcome bonus of up to 135,000 points, which can be worth up to $675 in travel rewards.
Earn 8 points per $1 spent on travel booked through Expedia For TD, making it a great card for frequent travelers.
First year annual fee rebate, making it free for the first year.
Extensive insurance coverage, including trip cancellation, emergency medical, baggage delay, and more.
Annual $100 travel credit on a purchase of $500 or more through Expedia For TD.

Cons

High income requirements: You need to earn at least $60,000 personally or $100,000 as a household.
TD Rewards points are only worth 0.5 cents each, limiting their value compared to some other rewards programs.
The Expedia For TD platform might not always offer the best prices or availability compared to booking directly with airlines or hotels.

Rewards

8x points per $1 spent on travel booked online through Expedia for TD
6x points per $1 spent on eligible grocery and restaurant purchases
4x points per $1 spent on eligible recurring bill payments
2x points per $1 spent on all other eligible purchases

Insurance

Coverage

Emergency Out of province Medical
21 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
$2,500
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Mobile Device Insurance
$1,000

Benefits

Details

Visa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Extra points
Earn 50% more Stars and 50% more Aeroplan points at participating Starbucks stores
Annual Birthday Bonus
Earn a Birthday Bonus of up to 10,000 TD Rewards Points
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Travel Credit
Get an annual TD Travel Credit of $100 when you book at Expedia For TD

Eligibility

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

The TD First Class Travel Visa Infinite Card earns cardholders plenty of TD Rewards points on travel booked online through Expedia for TD, eligible grocery and restaurant purchases, plus eligible recurring bill payments. Overall, this rewards program offers a nice balance of everyday and travel expense earning opportunities.

If you plan on applying for this card, expect extensive coverage. The TD First Class Travel Visa Infinite Card comes with 13 different types of insurance, including valuable travel categories like trip interruption and trip cancellation insurance, emergency medical coverages, and car rental damage and theft insurance.

The benefits are notable too, with travel-focused perks like an annual travel credit when you book through Expedia for TD, car rental discounts at Avis Rent A Car and Budget Rent A Car locations, plus concierge services to help you plan your next trip with an expert. On top of all that, the card comes with Troon Rewards Golf benefits, extra Stars and Aeroplan points at participating Starbucks stores, and an annual birthday bonus of extra TD Rewards points.

In summary, the TD First Class Travel Visa is considered to be one of the best TD credit cards because of its admirable rewards program, its extensive coverage, and its valuable travel insurance – all for a reasonable annual fee that’s waived in the first year of membership.

TD Aeroplan® Visa Infinite* Card

3.2

Finly Rating

APPLY NOW

go to TD's website

Welcome Bonus

Up to 40,000 Aeroplan® points

First Year Value

$1,381.37

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

Annual Fee

$139 $0

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

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

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.

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 Aircanada flights 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

Let's say you're more into travelling with Air Canada. If that's the case, the TD Aeroplan Visa Infinite card is actually considered to be the best Aeroplan credit card you can get.

What makes it so great? This co-branded Aeroplan contender is a well balanced option that earns you solid points on popular spend categories like gas and groceries, plus, of course, Air Canada purchases.

The card also includes important travel benefits like free first checked bags, a Nexus Program rebate, and the chance to earn Aeroplan Elite Status sooner.

You'll also be well-covered in terms of insurance, with 13 coverage categories like trip interruption and trip cancellation insurance, and emergency medical over 65 coverage.

All of these perks are available to loyal Air Canada customers for a reasonable annual cost, one that can actually be offset if you take advantage of all the add-ons.

So, if you plan on travelling with Air Canada consistently, and you want a good mix of rewards, coverage, and benefits, the TD Aeroplan Visa Infinite Card isn't just one of the best credit cards from TD, it's also the best Aeroplan credit card overall.

Best Credit Card from BMO

BMO isn’t a bank with the most brag-worthy credit cards, but it does have a cashback contender that’s worth considering.

BMO CashBack® World Elite® Mastercard®

Finly Rating

APPLY NOW

go to BMO's website

$75 Cash Rebate From FinlyWealth

Welcome Bonus*

10% cash back in your first 3 months up to $200

First Year Value

$759.78

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

Annual Fee*

$120 $0

Interest Rates

21.99% / 23.99%□

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

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

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.
Monthly limits on cash back could be higher

Rewards*

5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)
4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)
3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)
2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)
1% cash back on all other eligible 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, $1,000 maximum
Baggage Delay
$500/person, $1,000 maximum After 6 hours
Hotel Burglary Insurance
$1,000
Car Rental Damage & Theft
$65K up to 48 days
Purchase Protection
90 days
Extended Warranty
1 year

Benefits*

Details*

Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.
Roadside Assistance
Including battery boosts, flat-tire change, lockout service and towing – a $69/year value.
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
Global Data Roaming plan
With FlexiRoam, stay connected around the world without a SIM card and get up to 15% off a Global Data Roaming plan plus up to 3GB of data, without any additional charges, if apply.
Gas Discount
Get up to 7 cents off per litre on Shell® fuel, only for BMO cardholders.

Eligibility*

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

^*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.

If you want to collect tons of cashback on groceries and transit, plus solid cashback on gas and recurring payments, you might want to apply for the BMO Cashback World Elite Mastercard.

On top of its competitive rewards program, cardholders will receive 9 insurance categories, including important coverages like hotel burglary insurance, travel accident insurance, and car rental damage and theft insurance.

The benefits don’t disappoint either. Indulge in roadside assistance to save you when you need a battery boost, a flat-tire change, lockout services or towing, not to mention car rental, hotel, and gas discounts, a global data roaming plan with FlexiRoam, and a complimentary Dragon Pass (excluding free visits).

The cost of the BMO Cashback World Elite Mastercard reflects its perks, and on the plus side, this annual fee is waived in your first year of account ownership.

Still, you’ll want to keep in mind that this card comes with relatively high income requirements – making it less accessible to some applicants.

So, if you’re a fan of valuable everyday cashback, helpful coverage, and travel perks to support every road trip, airport visit, and hotel stay, you might want to look into the BMO Cashback World Elite Mastercard.

Best Credit Card from Simplii Financial

Simplii Financial makes it pretty simple to point out its best credit card. That’s because there’s only one credit card worth considering.

Simplii Financial™ Cash Back Visa* Card

4.4

Finly Rating

APPLY NOW

go to Simplii Financial™'s website

$60 Cash Rebate From FinlyWealth

Welcome Bonus*

10% cash back† up to $1,000 in spending

First Year Value

$491.74

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

Get your free credit score

If you dine out a lot and don't want to pay an annual fee for your credit card, the Simplii Financial™ Cash Back Visa* Card will undoubtedly be one of your best friends with its 4% cashback. Additionally, the card offers a decent cashback rate (1.5%) for gas, pharmacy, and groceries, making it one of the best no-annual-fee cashback credit cards in Canada. However, there are limits on how much you can earn in these categories. Therefore, you need to be careful not to exceed those limits; otherwise, your cashback rate will drop to 0.5% after those spending limits are reached.

Pros

Highest cashback rate on restaurant purchases in Canada!
Decent cashback rate on high spent categories such as groceries and gas.
No annual fee for a card with great rewards.

Cons

No insurance and benefits other than the standard purchase protection and extended warranty.
Cap on the rewards that can be earned on each category.

Rewards*

4% cash back on eligible restaurant, bar, and coffee shop purchases up to $5,000 spent per year†
1.5% cash back on gas, groceries, drugstore, and pre-authorized payments up to $15,000 spent per year†
0.5% cashback on all other purchases†

Insurance*

Coverage*

Purchase Protection
Up to 90 days
Extended Warranty
Up to 1 year

Eligibility*

Credit Score
Good
Annual Income
$15,000 personal or $15,000 household

^*This offer is not available for residents of Quebec. Check here for full details and current product information.

The Simplii Financial Cash Back Visa Card is considered to be one of the best no-annual-fee cashback credit cards in Canada.

If you’re a foodie, you’ll love the high cashback rates on eligible restaurant, bar, and coffee shop purchases. There’s also decent cashback potential on gas, groceries, drug store purchases, and pre-authorized payments. Just note that all specialized earn categories come with an annual cap, afterwards, you’ll be subject to a below-average base rate.

As is typically expected with a no-fee credit card, the Simplii Financial Cash Back Visa Card comes with basic coverage like purchase protection and extended warranty insurance.

Therefore, the Simplii Financial Cash Back Visa Card is the best uncomplicated credit card when it comes to optimizing dining purchases for no annual fee.

Best Credit Card from Tangerine

Tangerine comes with a couple of card options that offer cardholders some customization when it comes to earn categories. Coming up, we’ll break down the best card out of the two from this institution.

Tangerine World Mastercard

4.1

Finly Rating

APPLY NOW

go to Tangerine's website

$50 Cash Rebate From FinlyWealth

I currently have or may soon have a Tangerine Savings account

Welcome Bonus

10% Cash Back up to $100 value

First Year Value

$398.79

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

Get your free credit score

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

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.

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

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

The no-fee Tangerine World Mastercard offers you a choice of two earn categories from the 10 options offered by Tangerine. If you happen to have a Tangerine savings account, you can up your selection allowance to 3 earn categories.

Tangerine earn category options include:

Groceries
Restaurant purchases
Gas
Recurring bill payments
Entertainment
Home improvement
Drug store purchases
Public transportation and parking
Furniture purchases
Hotel or motel bookings

Pro tip: if you choose categories like drug store purchases or recurring bill payments, you’ll receive some of the best cashback rates compared to other credit cards on the Canadian market.

To top off this card’s earning potential, cardholders receive standard insurance like purchase protection and extended warranty coverage, plus more sought-after mobile device insurance and car rental damage and theft insurance.

There are also a couple of benefits included on the Tangerine World Mastercard like an airport Lounge Dragon Pass membership (without any complimentary visits) and access to the Boingo Wi-Fi hotspot.

So, if you want the power to choose your own earn categories, the opportunity to earn big on recurring bill payments and drug store purchases (if you choose them for optimization), and decent coverage and benefits for a no-fee credit card, you might want to consider the Tangerine World Mastercard – the institution’s top pick.

Best Credit Cards from MBNA

Moving on to MBNA, we’re pleased to include a top Canadian rewards credit card.

Our choice for: Highest rewards on groceries & dining

MBNA Rewards World Elite® Mastercard®

Finly Rating

APPLY NOW

go to MBNA's website

$120 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 30,000 points ($245 in cash back value or $300 when redeemed for MBNA Travel)††

First Year Value

$957.62

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

Get your free credit score

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 the most 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.

Rewards*

Earn 5 points^‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category.
1 point^‡ for every $1 on all other eligible purchases.
Each year, you will receive Birthday Bonus Points^‡ equal to 10% of the total number of Points the Account earned in the 12 months before the month of the primary cardholder's birthday, to a maximum Birthday Bonus each year of 15,000 Points.

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

^*††, ‡, ✪, ***, ††††, Terms and Conditions apply. This offer is not available for residents of Quebec. Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button. The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank. Check here for full details and current product information.

The MBNA Rewards World Elite Mastercard is known as one of the best rewards credit cards in Canada, that’s because it offers high rewards on popular spend categories like restaurant, grocery, digital media, membership, and household utility purchases – just mind the annual spending cap.

The coverage is solid, with notable inclusions like flight and baggage delay, travel accident, and emergency out of province medical insurance.

You’ll also find useful benefits like car rental discounts at Avis and Budget locations, concierge services, and trip and legal assistance. Still, the best benefits of the bunch are the unique birthday bonus, which earns you extra points based off of your points earned in the 12 months leading up to your birthday month, plus rare price protection, which allows you to receive the price difference on an item that’s cost was lowered after you recently purchased it.

So, when you take its competitive rewards, decent coverage, and valuable benefits into account – it’s clear why the MBNA Rewards World Elite Mastercard is considered the best from MBNA.

Best Credit Cards from National Bank

As a whole, National Bank doesn’t bring the best credit cards to the table compared to other financial institutions. Regardless, there’s one card we’d still like to point out for travellers.

National Bank World Elite® Mastercard®

3.6

Finly Rating

APPLY NOW

go to National Bank's website

Welcome Bonus

Up to 35,000 points

First Year Value

$543.1

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

Annual Fee

$150

Interest Rates

20.99% / 22.49%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The National Bank World Elite Mastercard is a strong choice for frequent travelers who value rewards and comprehensive insurance coverage. With a generous earn rate on everyday spending categories like groceries and restaurants, it offers substantial value, especially if you redeem points for travel. The $150 annual travel credit effectively offsets the card's $150 annual fee, making this card almost "fee-free" if fully utilized. Additionally, the card’s airport lounge access, superior purchase protection, and extended warranties make it a great companion for those who prioritize convenience and peace of mind during their travels.

Pros

High Earn Rates: Earn up to 5 points per $1 spent on groceries and restaurants, and 2 points per $1 on gas, recurring bills, and travel booked through National Bank’s À La Carte Rewards.
Annual $150 Travel Credit: Get reimbursed for common travel expenses such as checked bag fees, airport parking, and seat selection.
Comprehensive Insurance: Includes 10 types of insurance, making it one of the most robust insurance packages for travel and purchase protection.

Cons

High Income Requirements: Requires a personal income of $80,000 or a household income of $150,000, limiting eligibility for some.

Rewards

5x points per $1 spent on eligible grocery and restaurant purchases
2x points per $1 spent on eligible gas, electric vehicle charging, recurring bills, and travel booked through À La Carte Rewards
1x point per $1 spent on all other purchases

Insurance

Coverage

Purchase Protection
180 days
Extended Warranty
Up to 2 years
Emergency Out of province Medical
60 days
Emergency Medical Over 65
15 days
Trip Interruption
$5,000
Trip Cancellation
$2,500
Baggage Delay
$500
Flight Delay
$500
Lost or Stolen Baggage
$1,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000

Benefits

Details

Airport Lounge - National Bank
Unlimited access to the National Bank Lounge at Montréal-Trudeau Airport
Travel Credit
$150 refund per year on travel expenses (seat selection, airport parking, baggage fees, airline ticket upgrades and lounges)
Extra points
2 points on À La Carte Rewards

Eligibility

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

If you’re looking for strong rewards and comprehensive insurance coverage to compliment your next trip, the National Bank World Elite Mastercard might be worth looking into.

Earn the highest points on eligible grocery and restaurant purchases, followed by solid point-potential on eligible gas, electric vehicle charging, recurring bills, and travel booked through À La Carte Rewards.

With 11 types of insurance – most pertaining to travel – you’re sure to journey with peace of mind. Enjoy valuable inclusions like trip interruption and trip cancellation insurance, plus emergency medical coverages to keep you at ease.

If you want to kick-back before takeoff, benefits like unlimited access to the National Bank Lounge at Montréal-Trudeau Airport will certainly appeal to you. Not to mention, a substantial annual travel credit applicable towards seat selection, airport parking, baggage fees, ticket upgrades, and lounge entry that can actually offset the card’s annual cost completely.

Naturally, with great rewards for travel redemptions, helpful travel coverage, and trip-optimizing perks, it’s no wonder the National Bank World Elite Mastercard is the most note-worthy credit card from National Bank.

Best Credit Cards from Neo Financial

While there are plenty of financial institutions with top-contenders in travel and cashback (think American Express) you should never forget about Neo Financial, and we’re about to show you why.

Our choice for: High cash back on groceries & gas

Neo World Elite® Mastercard®

4.6

Finly Rating

APPLY NOW

go to Neo Financial's website

$60 Cash Rebate From FinlyWealth

Welcome Bonus

N/A

First Year Value

$558.18

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

Annual Fee

$125

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers.

Pros

Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
12 different types of insurance coverage
Airport lounge access with DragonPass with $32 USD per visit
Additional cash back earning at over 10,000 Neo partners

Cons

High income requirements of $80,000 personal or $150,000 household
Cash back spend caps can limit your rewards
Having to keep at least $5k in an everyday account to boost your cash back tier

Rewards

5% cash back on grocery purchases up to $1,000 spending per month (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
4% cash back on recurring purchases up to $500 spending per month (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
3% cash back on gas purchases up to $1,000 spending per month (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
1% cash back on all other purchases with no spending caps
5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

Insurance

Coverage

Emergency Out of province Medical
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500
Baggage Delay
$1,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
Car Rental Damage & Theft
Yes
Car Rental Personal Effects
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit

Eligibility

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

First thing’s first, the Neo World Elite Mastercard offers some of the highest cashback rates in Canada both initially and when specialized categories are uniquely “boosted.”

Earn these high rates of cashback on grocery, recurring purchases, and gas. The optimization boost comes in when you save a specific amount of money in a Neo everyday account, bulking up cashback rates by 0.5% to 2% depending on the category.

You can also earn additional cashback on purchases made through Neo Partners.

If these reward opportunities weren’t impressive enough, the Neo World Elite Mastercard also comes with extensive coverage, including trip interruption and trip cancellation insurance, plus car rental accident and car rental personal effects protections.

There’s only one benefit on this card, an airport lounge Dragon Pass membership which travellers might appreciate.

As you can see, it’s obvious why the Neo World Elite Mastercard is considered to be the best from its bank (and across all banks) based on its high cashback rate opportunities alone.

Our choice for: Travels to Asia

Neo Cathay World Elite® Mastercard®

4.2

Finly Rating

APPLY NOW

go to Neo Financial's website

$100 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 40,000 Asia Miles (20,000 upon sign-up)

First Year Value

$1,284.33

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

Annual Fee*

$180

Interest Rates

19.99% - 26.99%* / 22.99% - 28.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The Cathay World Elite Mastercard is a top choice for frequent travelers to Asia, offering up to 40,000 bonus Asia Miles, high earn rates at Neo retail partners, and exclusive Cathay Pacific benefits like priority check-in and lounge access. With 12 types of insurance coverage, airport lounge access through DragonPass, and the ability to earn up to 15 miles per dollar spent at select partners, this card provides substantial value for those who regularly fly with Cathay Pacific and its partners. However, the card does require a higher income and comes with a $180 annual fee.

Pros

Generous Bonus: Earn up to 40,000 bonus Asia Miles.
Discount on flights: Up to 15% discount on flights to Asia and beyond with code CXNEO15OFF (valid until Dec 31, 2025).
High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent (first time purchases) at Neo retail partners.
Cathay Pacific Perks: Enjoy several exclusive benefits with Cathay Pacific.
Comprehensive Insurance: Comes with 12 types of insurance coverage.
Airport Lounge Access: Gain entry to airport lounges with a Mastercard Travel Pass membership.

Cons

High Income Requirement: Requires a minimum personal income of $80,000 or $150,000 household income.
Annual Fee: The card comes with a high annual fee of $180.
Limited Redemption: Asia Miles cannot be redeemed for flights within Canada.

Rewards*

Earn 2x Asia Miles per $1 spent on Cathay Pacific flights and on purchases made in foreign currencies
Earn 1x Asia Miles per $1 spent in Canada
Earn an average of 5x the Asia Miles when you spend at thousands of Neo partners nationwide
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)

Insurance*

Coverage*

Car Rental Personal Effects
$1,000/person, $2,000 combined
Car Rental Accident
$100K for Cardholder, $10K spouse and child
Car Rental Damage & Theft
48 days
Baggage Delay
$1,000 after 4 hours
Lost or Stolen Baggage
$1,000
Trip Cancellation
$5,000
Trip Interruption
$5,000
Emergency Out of province Medical
14 days
Flight Delay
$250/day, $500 Maximum
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits*

Details*

Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!
Priority Travel
Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption access
Priority Travel
Airport Security Fast Track with and professional and punctual airport with Mastercard benefits
Boingo Wi-Fi hotspot
Discount
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)

Eligibility*

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

^*The Cathay World Elite® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated. Mastercard, World Elite® and the circles design are registered trademarks of Mastercard International Incorporated. The Cathay World Elite® Mastercard is not available in Quebec. Check here for full details and current product information.

If you tend to travel to Asia, the Neo Cathay World Elite Mastercard earns said travellers solid Asia Miles points on Cathay Pacific flights and on purchases made in foreign currencies, plus amazing Asia Miles points on average when you make purchases through thousands of Neo partners across the globe.

The Neo Cathay World Elite Mastercard also comes with almost as many insurance categories as the Neo World Elite Mastercard, except it’s missing trip interruption and trip cancellation insurance which is a bit disappointing.

To make up for it, this travel Neo card offers a few more perks on top of an airport lounge Dragon Pass, adding benefits like a discount code on flights paid for by your Neo Cathay World Elite Mastercard, Boingo Wi-Fi hotspot access, and priority travel perks like priority check-in, a bonus baggage redemption for Cathay Pacific, lounge redemption access for Cathay Pacific Business class, plus Airport Security Fast Track eligibility.

So, if you’re browsing Neo for your next travel credit card and you happen to travel primarily to Asia, the best option is the Neo Cathay World Elite Mastercard.

Best Credit Cards from Rogers

Rogers only issues out two credit cards, but these two contenders are some of the best in cashback, especially if you are a Rogers, Fido, or Shaw customer.

Our choice for: Travels to Asia

Neo Cathay World Elite® Mastercard®

4.2

Finly Rating

APPLY NOW

go to Neo Financial's website

$100 Cash Rebate From FinlyWealth

Welcome Bonus*

Up to 40,000 Asia Miles (20,000 upon sign-up)

First Year Value

$1,284.33

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

Annual Fee*

$180

Interest Rates

19.99% - 26.99%* / 22.99% - 28.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Pros

Generous Bonus: Earn up to 40,000 bonus Asia Miles.
Discount on flights: Up to 15% discount on flights to Asia and beyond with code CXNEO15OFF (valid until Dec 31, 2025).
High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent (first time purchases) at Neo retail partners.
Cathay Pacific Perks: Enjoy several exclusive benefits with Cathay Pacific.
Comprehensive Insurance: Comes with 12 types of insurance coverage.
Airport Lounge Access: Gain entry to airport lounges with a Mastercard Travel Pass membership.

Cons

High Income Requirement: Requires a minimum personal income of $80,000 or $150,000 household income.
Annual Fee: The card comes with a high annual fee of $180.
Limited Redemption: Asia Miles cannot be redeemed for flights within Canada.

Rewards*

Earn 2x Asia Miles per $1 spent on Cathay Pacific flights and on purchases made in foreign currencies
Earn 1x Asia Miles per $1 spent in Canada
Earn an average of 5x the Asia Miles when you spend at thousands of Neo partners nationwide
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)

Insurance*

Coverage*

Car Rental Personal Effects
$1,000/person, $2,000 combined
Car Rental Accident
$100K for Cardholder, $10K spouse and child
Car Rental Damage & Theft
48 days
Baggage Delay
$1,000 after 4 hours
Lost or Stolen Baggage
$1,000
Trip Cancellation
$5,000
Trip Interruption
$5,000
Emergency Out of province Medical
14 days
Flight Delay
$250/day, $500 Maximum
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits*

Details*

Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!
Priority Travel
Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption access
Priority Travel
Airport Security Fast Track with and professional and punctual airport with Mastercard benefits
Boingo Wi-Fi hotspot
Discount
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)

Eligibility*

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

Starting with the Rogers Red World Elite Mastercard, this card will earn you commendable cashback on all U.S. dollar purchases, plus solid cashback on all regular purchases if you have a qualifying Rogers, Fido, or Shaw service. You can also earn a redemption bonus on your earned cashback value when used on Rogers, Fido, and Shaw purchases – boosting your cashback to some of the highest rates in Canada – especially for a no-fee credit card.

For no annual fee, you’ll also get valuable travel insurance like trip interruption and trip cancellation insurance, plus emergency medical coverages – these are coverage categories that are most common on paid credit cards!

Benefits include no cost roaming and an airport lounge Dragon Pass membership (excluding complimentary visits).

Therefore, the Rogers Red World Elite Mastercard is the best Rogers credit card (and arguably one of the best credit cards in Canada) because of its potential high cashback rates and sought-after coverage for no annual fee.

Rogers Red Mastercard®

Rogers Red Mastercard®

4.4

Finly Rating

APPLY NOW

go to Rogers Bank's website

$50 Cash Rebate From FinlyWealth

I currently have or may soon have an eligible Rogers, Fido or Shaw service as the primary or level 1 authorized user

Welcome Bonus*

Up to $60 cash back ($90 if redeemed for Rogers, Fido or Shaw purchases)^

First Year Value

$350

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

Annual Fee*

Interest Rates

20.99% - 25.99%* / 22.99% - 27.99%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

This card is one of our top-ranked options in terms of rewards, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is a higher rate than almost any other card offers, even those with annual fees! If you have a high income of $80K or a household income of $150K, you can apply for the World Elite version of this card, which comes with additional insurance and benefits like a lounge pass.

Pros

Voted as the Best Cash Back Card in Canada for Rogers, Fido and Shaw Customers by FinlyWealth.
There is no annual fee, a notable perk for a card with such high reward multipliers. Most cards with slightly lower reward rates typically have annual fees.
Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing the value of your earned rewards.
The roam-like benefit is a benefit unique only to this card.
It is accepted at nearly all locations as it's a Mastercard.

Cons

No real insurance coverage (only balance protection), not even purchase protection or extended warranty which are pretty standard benefits for almost all credit cards.
Low rewards multiplier if you don't have an eligible Rogers, Shaw, or Fido service.

Rewards*

Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw.^{^}
Otherwise earn 1% unlimited cash back on eligible non-U.S. dollar purchases.^{^}
Earn 2% unlimited cash back on all eligible purchases made in U.S. dollars.^{^}
Get 1.5 times more cash back every time you redeem for Rogers, Fido or Shaw purchases.^{^}
5 Roam Like Home days at no cost with an eligible Rogers mobile plan every year (up to $80 value).^{^}

Insurance*

Coverage*

Balance Protection
Minimum payments

Benefits*

Details*

No Cost roaming
5 days

Eligibility*

Credit Score
Good
Annual Income
N/A

^**, ^, Terms and conditions apply. Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information, visit Rogersbank.com. Standard rate on Purchases and Fees: 20.99%. Standard rate on Cash Advances, Cash-like Transactions and Balance Transfers: 22.99%. If you are not approved for an Account at the above rates and you reside outside Quebec, we (Rogers Bank) may still issue you an Account at our alternate interest rates, as follows: Standard Rate for Purchases and Fees: 25.99%, Standard Rate for Cash Advances, Cash-like Transactions and Balance Transfers: 27.99%. ®/TM Mastercard and World Elite are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. Used under license. TM Rogers and Mobius Design, Rogers Bank and related marks, logos and brand names are trademarks of Rogers Communications Inc., or an affiliate, used under license. © 2025 Rogers Bank. Rogers Bank is the issuer of this credit card. Check here for full details and current product information.

There are a few differences between the Rogers Red World Elite Mastercard and the Rogers Red Mastercard.

First, the Rogers Red Mastercard offers a lower earn category for U.S. dollar purchases, and while the cashback rate on all purchases if you have a qualifying Rogers, Fido, or Shaw service is the same as the Rogers Red World Elite Mastercard, the rate on all purchases without a qualifying service falls a bit short by comparison. Still, there’s that same potential to earn a redemption bonus on your earned cashback value when used on Rogers, Fido, and Shaw purchases – which can really up those rates to a competitive cashback position.

When it comes to coverage, the Rogers Red Mastercard only offers balance protection on minimum payments, which is pretty minimal compared to the Rogers Red World Elite Mastercard’s 7 insurance categories.

As for benefits, cardholders of the Rogers Red Mastercard will only receive no cost roaming for five days and no Dragon Pass membership (like the Rogers Red World Elite Mastercard).

While both Rogers cards have no annual fee, to compensate for higher rewards and extra coverage and benefits, the Rogers Red World Elite Mastercard comes with some high income requirements, whereas the Rogers Red Mastercard doesn’t have any income requirements.

So, the Rogers Red Mastercard is Rogers' second best credit card, but it’s particularly better for average earners who don’t need extra coverage or benefits (and of course those with a qualifying Rogers, Fido, or Shaw account).

Best Credit Cards from Desjardins

There are two top contenders from Desjardins. One for rewards collectors on everyday categories and one for the budget-friendly.

Desjardins Cash Back World Elite® Mastercard®

2.9

Finly Rating

APPLY NOW

go to Desjardins' website

Welcome Bonus

N/A

First Year Value

$413.18

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

Annual Fee

$100

Interest Rates

20.90% / 21.90%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The Desjardins Cash Back World Elite Mastercard stands out for its high earn rates across essential spending categories, including 4% cash back on groceries and 3% on restaurants, entertainment, and transit. Additionally, it offers a slightly lower annual fee compared to other World Elite Mastercards, making it an attractive option for those looking to maximize their rewards without breaking the bank. With added perks like membership to over 1,300 airport lounges and various insurance coverages, this card provides excellent value, especially for frequent travelers and everyday spenders.

Pros

High earn rates make it a strong option for those looking to maximize rewards on their spending.
Slightly lower annual fee compared to other cards in its category, providing good value for its benefits.
Comes with attractive perks from being a World Elite Mastercard, such as travel and purchase protection benefits. Membership to 1,300 airport lounges across the globe through DragonPass (no free passes)

Cons

Limited physical branch access, with branches only in Quebec and Ontario, which may be inconvenient for those living elsewhere.
Lacks a welcome bonus, which may be a drawback compared to other cards offering substantial introductory offers.

Rewards

4% cash back on grocery purchases (up to $400 cash back annually)
3% cash back on restaurant purchases (up to $180 cash back annually)
3% cash back on entertainment and alternative transportation purchases
1% cash back on all other purchases

Insurance

Coverage

Extended Warranty
1 year
Purchase Protection
90 days
Mobile Device Insurance
$1,000
Trip Cancellation
$500 for trips up to 3 days
Trip Interruption
$1,000 for trips up to 3 days
Emergency Out of province Medical
$5M for trips up to 3 days
Emergency Medical Over 65
$5M for trips up to 3 days
Baggage Delay
$500 for trips up to 3 days
Lost or Stolen Baggage
$500 for trips up to 3 days
Car Rental Damage & Theft
Yes

Benefits

Details

Airport Lounge - Dragon Pass
Pass only
Boingo Wi-Fi hotspot
over 1 million Boingo Wifi hotspots worldwide
Car Rental Discount
25% off base rate off Hertz car rental
Car Rental Discount
10% off base rate off Thrifty or Dollar rental

Eligibility

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

With the Desjardins Cash Back World Elite Mastercard, you can earn some significant cashback on grocery, restaurant, entertainment, and transportation purchases.

The card also tacks on some important coverage categories like trip interruption and trip cancellation insurance, plus emergency medical coverages.

You’ll also receive a fair amount of benefits as a cardholder, with perks like an airport lounge Dragon Pass membership, access to over 1 billion Boingo Wi-Fi hotspots worldwide, and car rental discounts at Herts, Thrifty, and Dollar rental locations.

Compared to other World Elite credit cards, this top contender from Desjardins is also more affordable annually.

Thus, the Desjardins Cash Back World Elite Mastercard earns its place as the best Desjardins credit card for its generous cashback rewards program, its valuable coverage, admirable benefits, and overall annual affordability as a World Elite Mastercard.

Desjardins Flexi Visa

Finly Rating

APPLY NOW

go to Desjardins' website

Welcome Bonus

N/A

Rewards Rate

No Rewards

Annual Fee

Interest Rates

10.9% - 19.9 / 12.9%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

If you plan to carry a balance on your credit card, this is one of the best no-fee, low-interest-rate credit cards in Canada. However, outside of this specific use case, the card doesn't offer many additional benefits.

Pros

This is one of the best no-annual-fee, low-interest-rate credit cards in Canada, making it a great option for carrying a credit card balance.

Cons

No rewards earned on purchases.
The travel insurance is limited to just 3 days, which is too short to be useful for most trips.

Rewards

No rewards earned on this card

Insurance

Coverage

Emergency Out of province Medical
$5M/insured up to 3 days, under 75 years old
Trip Cancellation
$500 per person for trips up to 3 days
Trip Interruption
$1,000 per person for trips up to 3 days
Baggage Delay
$500 per person after 6 hours delay for trips up to 3 days
Lost or Stolen Baggage
$500 per person for trips up to 3 days
Travel Accident
$10,000 per person for trips up to 3 days
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Doubled up to 1 year

Eligibility

Credit Score
Good
Annual Income
N/A

Speaking of affordability, let’s turn to the Desjardins Flexi Visa Card – a Desjardins contender that’s strictly beneficial for those who tend to carry a balance rather than those looking to collect rewards (as they would with the Desjardins Cash Back World Elite Mastercard).

This card keeps your purchase and cash advance interest at an all-time low so you can catch up on your credit card bills without incurring too many extra costs.

The remarkable thing about this low-interest credit card is that it offers some solid coverage especially considering it’s also a no-fee card. You can expect insurance categories like trip interruption and trip cancellation insurance, plus emergency out of province medical insurance.

As you can see, the Desjardins Flexi Visa Card earns its place in this category on account of its budget-conscious perks, particularly its low-interest rates and solid coverage – all for no annual fee.

Best Credit Cards from PC

PC credit cards are best for those who frequently shop at retailers like Loblaws affiliated stores and those partake in the PC Optimum program. There's one card in particular that earns top place from this institution.

PC Insiders™ World Elite® Mastercard®

2.9

Finly Rating

APPLY NOW

go to PC Financial's website

Welcome Bonus

Up to 150,000 PC Optimum™ points ($150 value)

First Year Value

$432.95

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

Annual Fee

$120 $0

Interest Rates

21.99% - 26.99% (not for Quebec) / 22.97% - 27.97% (not for Quebec)

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The PC Insiders™ World Elite® Mastercard® is a great card for individuals who frequently shop at Loblaw banner stores, Shoppers Drug Mart®, and Joe Fresh®, and want to maximize their rewards through the PC Optimum™ program. With high point-earning rates and premium perks, it offers great value, especially in the first year when the annual fee is waived. However, the card’s benefits may not justify the $120 annual fee for those who do not regularly shop at these stores.

Pros

Generous points system: High points earned at Loblaw banner stores, Shoppers Drug Mart®, Joe Fresh®, and Esso™/Mobil™ stations, making it ideal for frequent shoppers at these stores.
PC Express™ Pass: Unlimited $0 online grocery delivery and pickup, valued at $99.99 per year for eligible orders.
Additional perks: 24/7 concierge services, Mastercard Global Service™, car rental insurance, and identity theft assistance.
Travel emergency medical insurance: Covers trips up to 10 days for individuals under 65 years of age.
Extended warranty and purchase assurance: Free purchase assurance covers theft, loss, or damage for 90 days, and extended warranty doubles the manufacturer's warranty for up to an additional year.

Cons

Annual fee: After the first year, the $120 annual fee applies, which may be high for some users, especially those who don’t maximize their spending at PC-affiliated stores.
Lower earn rate for general purchases: The card offers only 10 points per $1 on purchases outside of Loblaw banner stores, Shoppers Drug Mart®, and other affiliated partners.
Income requirements: There may be income requirements to qualify for this World Elite card, making it less accessible for some applicants.

Rewards

Up to 70 points per litre (7¢ / litre in points)* at Esso™ and Mobil™ stations in Canada (50 points / litre + 20 points / litre extra when you fill up over 150 litres in one calendar month)
50 points per $1 dollar spent at Shoppers Drug Mart® stores
40 points per $1 dollar spent at Loblaw® banner grocery stores (e.g. Loblaws®, Atlantic Superstore, Extra Foods, Fortinos, Loblaws, Maxi, Maxi® & cie, no frills®, Provigo, Real Canadian Superstore®, SaveEasy, SuperValu, valu-mart, Your Independent Grocer, Zehrs) 40 points per $1 spent Joe Fresh® stores
20 points per $1 spent in PC travel
10 points per $1 dollar spent on all other purchases
Unlimited $0 grocery delivery and pickup on eligible orders of $35 or more with a complimentary PC Express™ Pass (valued at $99.99 per year)

Insurance

Coverage

Emergency Out of province Medical
$1M/person, up to 10 days
Car Rental Damage & Theft
Vehicle MSRP under $65,000 and up to 31 consecutive days
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Concierge Services
24/7 concierge service
Identity Theft Assistance
avoid identity theft or restore identity

Eligibility

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

The PC Insiders World Elite Mastercard is perfect for those who shop at Loblaws associated stores and Shoppers Drug Mart. With this card, you'll earn plenty of PC Financial points on gas (Esso and Mobil), Shoppers Drug Mart purchases, Loblaw banner grocery stores (think Loblaws, No Frills, Real Canadian Superstore), and PC travel. You'll also get unlimited grocery pickup and delivery on eligible orders with a complimentary PC Express Pass.

The rewards are complemented by some good insurance coverage, specifically emergency out of province medical and car rental damage and theft insurance. Not to mention, respectable benefits like concierge services and identity theft assistance.

It's importantly to note, however, that the PC Insiders World Elite Mastercard comes with high income requirements and an annual fee, although the annual fee is waived in the first year of membership.

With this helpful blend of high point-earning rates and premium perks, it's no wonder the PC Insiders World Elite Mastercard is PC's most impressive option and perfect for those who meet the application requirements.

Best Credit Cards from Canadian Tire

There’s really only one stand-out credit card from Canadian Tire, let’s take a look at that contender now:

Triangle World Elite Mastercard

3.5

Finly Rating

APPLY NOW

go to Canadian Tire's website

Welcome Bonus

N/A

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

Get your free credit score

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

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.

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

For no annual fee, the Triangle World Elite Mastercard earns cardholders cashback in the form of Canadian tire dollars on nearly 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. You can also receive solid cashback in Canadian Tire dollars on groceries.

For coverage, expect classic purchase protection insurance and useful car rental damage and theft insurance.

The benefits on this card cater those who are frequently on the road, with gas discounts on premium and all other fuel types at Gas+ and Petro-Canada locations, plus rare roadside assistance in case you ever run into a flat tire or need a towing service. Even if you just need a personal assistant to help secure bookings, concert tickets, or travel plans, the Triangle World Elite Mastercard also comes with concierge services.

So, if you’re looking for an affordable credit card that supports your Canadian Tire and associated store purchases and your grocery errands plus you find yourself on plenty of road trips, then this card is a top contender. It also earns a high ranking within the Canadian Tire institution for particularly being a no-fee card with roadside assistance – a rare but extremely important benefit for travellers.

Best Credit Cards from Home Trust

One of the lesser talked about credit card issuers is Home Trust. Nevertheless, we’re here to draw your attention to their top contender.

Home Trust Preferred Visa

3.5

Finly Rating

APPLY NOW

go to Home Trust's website

Welcome Bonus

N/A

First Year Value

$230.53

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

Get your free credit score

The Home Trust Visa card is the only no-annual-fee credit card in Canada that offers no foreign transaction fees, which is a significant benefit for frequent travelers. The big catch is that you don't earn any rewards on foreign purchases, so if you have a credit card that gives you a cashback rate close to 2.5%, it might not be worth the hassle to get this card. Other than this benefit, there are no compelling reasons to use this card as your primary credit card.

Pros

The only No Annual fee Credit Card in Canada that offers No Foreign Transaction Fees

Cons

Rewards are very average
No Extended Warranty benefit on this card

Rewards

1% cashback on all eligible purchases.
Foreign transactions don't receive cashback!

Insurance

Coverage

Purchase Protection
Up to 90 days

Benefits

Details

No Foreign Transaction Fees

Eligibility

Credit Score
Fair
Annual Income
N/A

Straight to the point, the Home Trust Preferred Visa allows you to receive a flat rate of cashback on all eligible purchases.

To keep things simple in other contexts, this card only comes with purchase protection insurance for coverage.

One notable aspect of this Visa Card is the fact that it has no annual fee and no foreign transaction fees. That means you can shop internationally without incurring a typical fee of 2.5%. Unfortunately though, any foreign transactions do not receive cashback.

All in all, what makes this card from Home Trust stand out beyond its institution is actually the fact that it has no foreign transaction fees for no annual cost.

Best Credit Cards from Walmart

While Walmart might not be the first credit card issuer you run to, frequent shoppers might appreciate its top credit card contender.

Walmart Rewards™ World Mastercard®

Finly Rating

APPLY NOW

go to Walmart's website

Welcome Bonus

$45 on Approval

First Year Value

$295.13

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

Annual Fee

Interest Rates

20.89% - 26.99% / 22.97% - 27.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The Walmart Rewards World Elite Mastercard is ideal for frequent Walmart shoppers who want to spread out payments on larger purchases without paying much interest. It's especially beneficial for those who frequently shop at Walmart's online store. However, it offers a rather average reward rate for other types of purchases, making many other cards a better choice for non-Walmart spending categories.

Pros

Installment Payments: Allows you to pay for Walmart purchases in installments over six months.

Cons

Limited Redemption: Rewards can only be redeemed at Walmart and Walmart.ca.
Lower Rewards: Offers lower rewards compared to other store and cashback credit cards.
Minimal Benefits: No additional benefits or insurance coverage aside from purchase assurance and extended warranty.

Rewards

3% cashback on Walmart.ca purchases
1.25% cashback on Walmart store and gas purchases
1% cashback on all credit card purchases.

Insurance

Coverage

Purchase Protection
90 days

Eligibility

Credit Score
Good
Annual Income
$100,000 household

The Walmart Rewards World Mastercard earns you the most cashback on Walmart.ca purchases, in other words, you can get paid to shop online. Additionally, cardholders earn some cashback on Walmart store and gas purchases to complement a portion of their weekly errands.

As you can see, this card isn’t very complex, nor does it come with an annual fee, so it makes sense that the only perks included are purchase protection insurance and some spending money upon approval.

Ideally, this card is best for loyal Walmart customers, particularly those who shop online at Walmart.ca. Otherwise, this card isn’t very remarkable outside of its institution.

Best Credit Cards from ATB

Another under-the-radar credit card institution is ATB. If you live in Alberta, take a look at their top offer.

ATB World Elite Mastercard®

3.1

Finly Rating

APPLY NOW

go to ATB's website

Welcome Bonus

40,000 points

First Year Value

$255

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

Annual Fee

$120 $0

Interest Rates

20.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The ATB World Elite Mastercard offers impressive rewards and insurance coverage, making it ideal for high-income Alberta residents seeking premium travel perks. However, the low point value and high income requirements might limit its appeal for some users.

Pros

High rewards: Earn up to 8 points per $1 spent on travel, 6 points on groceries, gas, digital streaming, and entertainment, and 2 points on all other purchases.
Extensive insurance coverage: Comes with 15 types of insurance, providing broad protection.
Airport lounge access: Includes 2 free passes to Mastercard Travel Pass lounges.
First-year annual fee waived: Save $120 in the first year.

Cons

Low point value: Points are only worth 0.5 cents each, reducing overall rewards value.
Limited to Alberta residents: Only available to those living in Alberta.
High income requirement: Requires $80,000 personal income or $150,000 household income.

Rewards

8 points per $1 spent on airlines, hotels, motels and car rental companies
6 points per $1 spent on groceries, gas, digital streaming services, and entertainment
2 points per $1 spent on all other eligible purchases

The accelerated earn rate applies to the first $50,000 in annual purchases on the account, at merchants qualifying for the accelerated earn rate, per calendar year based on your statement cycle date. The annual spend cap for the accelerated earn rate resets every January. Once the combined cardholder spend exceeds this threshold in these categories, they will continue earning points at the regular earn rate of 2 points per $1 spent in purchases.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
1 year
Car Rental Accident
$225,000
Car Rental Damage & Theft
yes
Car Rental Personal Effects
$1,000
Emergency Out of province Medical
22 days
Travel Accident
$300,000
Flight Delay
$500
Baggage Delay
$500
Trip Cancellation
$1,000
Trip Interruption
$1,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$1,000
Personal Effects
$1,000
Price Protection
$100 per item, $500 per account annually

Benefits

Details

Airport Lounge - Dragon Pass
MasterCard DragonPass + 2 complimentary visits per year
Car Rental Discount
25% off base rate of participating Avis and Budget locations
Boingo Wi-Fi hotspot
over 1 million wifi hotspots worldwide

Eligibility

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

The ATB World Elite Mastercard grants cardholders plenty of ATB Rewards points on every dollar spent on airlines, hotels, motels, and car rental companies, plus tons of points per dollar spent on groceries, gas, digital streaming services, and entertainment. These accelerated earn rates apply to specific annual spending caps that reset every January.

Perhaps one of the most impressive aspects of this card is the fact that it has a whopping 15 insurance categories, everything from trip interruption and trip cancellation insurance to car rental accident and price protection insurance.

The benefits on this card include an airport lounge Dragon Pass complete with a couple of annual complimentary visits, car rental discounts at Avis and Budget locations, plus worldwide access to Boingo Wi-Fi hotspots.

On top of an annual fee (one that’s rebated in the first year), this card also has high income requirements.

Ultimately, the ATB World Elite Mastercard features notable rewards and impressive insurance coverage for high-earning Alberta residents who like to travel.

Best Credit Cards from Brim Financial

Brim might not be the best of the best when it comes to credit card issuers, but we’re still going to highlight its top contender as well.

BRIM World Elite Mastercard

1.9

Finly Rating

APPLY NOW

go to Brim Financial's website

Welcome Bonus

N/A

Rewards Rate

Annual Fee

$89

Interest Rates

19.99% / 21.50%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

The Brim World Elite Mastercard offers solid insurance coverage, foreign transaction savings, and partner bonuses, but its 1% cash back rate may not justify the $89 annual fee, especially considering the negative customer service feedback. If you shop frequently with Brim’s retail partners or travel internationally, the waived foreign exchange fee and Wi-Fi perks could make it worth considering.

Pros

Redeem points towards any purchase made to the card.
1.5% foreign exchange fee, which is lower than most other cards.
Strong insurance package, covering 13 types of insurance including mobile device coverage, trip cancellation, and rental car insurance.
Global Boingo Wi-Fi access.
Advanced card security features, including card locking and instant transaction notifications.

Cons

Only 1% cash back, which is low for a World Elite Mastercard.
High income requirements ($80,000 personal or $150,000 household).
Poor customer service reviews.

Rewards

1x point per $1 spent on all eligible purchases, where each point equals to $0.01, equivalent to a 1% cash back

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
1 year
Event Ticket Cancellation
$1,000
Mobile Device Insurance
$1,500
Travel Accident
$500,000
Emergency Out of province Medical
15 days
Emergency Medical Over 65
3 days
Trip Interruption
$5,000
Trip Cancellation
$2,000
Flight Delay
$500
Baggage Delay
$500
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$2,500
Car Rental Damage & Theft
yes

Benefits

Details

Boingo Wi-Fi hotspot
over 1 million Boingo Wifi hotspot worldwide
Low Foreign Transaction Fees
Foreign transaction fee of only 1.5% compared to 2.5% with most other credit cards

Eligibility

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

For those who love a simple rewards program, the Brim World Elite Mastercard offers a flat rate of a point per dollar spent on all eligible purchases (each point equating to $0.01).

Most impressively, this card offers 14 different types of insurance, including valuable coverages like event ticket cancellation, trip interruption and trip cancellation insurance, and emergency medical coverages.

For benefits, cardholders can expect worldwide access to Boingo Wi-Fi hotspots and low foreign transaction fees (fees of 1.5% instead of the typical 2.5%).

Even with its low cashback rates, the card still calls for a small annual fee – which may be worth it if you’re prioritizing extensive coverage.

So, the Brim World Elite Mastercard is the best credit card from Brim Financial if you want a low-fee credit card card with plenty of insurance categories and some helpful perks for travellers like low foreign exchange fees and wide-range Wi-Fi access.

Best Credit Cards from Tims Financial

When you think of Tim Hortons, naturally you’ll think of coffee, roll-up-the-rim, and glazed Timbits, but did you know that Tims also has a credit card?

Tims® Mastercard

Tims® Mastercard

2.4

Finly Rating

APPLY NOW

go to Tims Financial's website

Welcome Bonus*

Get a $20 digital gift card upon first purchase with a new Tims Mastercard.

First Year Value

$205.37

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

Annual Fee*

Interest Rates

20.99% - 26.99%□ / 22.99% - 27.99%□

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

If you have a low credit score, you might have a higher chance of getting approved for this card. This is a great card for loyal Tim Hortons customers and Canadian newcomers as it will help you build your score over time, even though the rewards might not be very high. You also have the option of getting the secured version which is even easier for approval.

Pros

Easier approval requirement compared to many other cards.
Good credit card for building credit history.

Cons

Insurance coverage is the most basic, with only Purchase protection and an Extended warranty, and even those cover a very small ($1000) compared to other credit card insurance.

Rewards*

15x points per $1 when you scan for Tims Rewards
5x points per $1 on groceries (excluding Walmart and Costco), gas & EV charging, transit, taxi's & rideshares up to 100,000 points per year
0.5x point per $1 dollar on everywhere else

Insurance*

Coverage*

Purchase Protection
90 days
Extended Warranty
1 year

Eligibility*

Credit Score
Good
Annual Income
N/A

^*Conditions Apply. The Tims® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated. Mastercard and the circles design is a trademark of Mastercard International Inc. Tims Financial is a registered trademark of Tim Hortons Canada. Check here for full details and current product information.

The Tims Mastercard earns cardholders plenty of Tims Rewards points each time they scan for Tims Rewards or tap for groceries (excluding Walmart and Costco), gas, electric vehicle charging, transit, taxis, and rideshare programs.

Since the focus of this card is primarily the Tims Rewards program, you only pocket purchase protection and extended warranty insurance as added perks.

Overall, this card is best for loyal Tim Hortons customers who want to earn rewards on their daily coffee runs and day-to-day errands.

Trending Offers

BMO VIPorter World Elite Mastercard®∗

Get up to 70,000 VIPorter points and a round-trip companion pass.* Plus receive $1,000 in Qualifying Spend.*

Expires: May 31, 2025

$75 $125 Finly Rebate

BMO VIPorter Mastercard®∗

Get up to 40,000 VIPorter points and a 35% off flight voucher.*

Expires: May 31, 2025

$50 $100 Finly Rebate

Neo High-Interest Savings Account

Expires: May 21, 2025

$15 $50 Finly Rebate

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