Best Credit Card for Amazon Canada
Abid Salahi
•4 min read
List of Best Credit Cards for Amazon
Best Amazon card if you have Prime
Amazon.ca Rewards Mastercard®
3.1
Finly Rating
Welcome Bonus
Up to $150
Annual Fee
$0
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
Why we like it
If you are a Prime member and want to maximize your cashback on your Amazon purchases, then this card is the best option for that specific purchase category. However, for other purchases, many other cards offer better benefits and rewards.
Pros & Cons
Pros & Cons
Pros
- If you are a Prime member, the 2.5% cashback offered on Amazon purchases is unbeatable in terms of rewards compared to other credit cards.
- The 2.5% cashback on all foreign currency transactions helps to offset the extra 2.5% fee.
Cons
- It offers very little on non-Amazon and non-Whole Foods purchases, with many other well-rounded credit cards out there that offer much more.
- Very limited benefits.
Product Details
Product Details
Rewards
- 2.5% cashback on Amazon.ca, Whole Foods and foreign currency transactions IF a prime member
- Only 1.5% on Amazon.ca and Whole foods and 1% on foreign currency transactions IF not a prime member
- 1% cashback on everything else
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car
Trip and legal Assistance
Yes
Eligibility
Credit Score
GoodAnnual Income
N/A
Best Amazon Card if you have a Rogers, Fido or Shaw Service
Rogers Red Mastercard®
4.5
Finly Rating
Welcome Bonus
Up to $60 cash back
Annual Fee
$0
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
Why we like it
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 & Cons
Pros & Cons
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.
Product Details
Product Details
Rewards
- 2% cashback on all purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
- 2% cashback on all U.S dollar purchases and 1% on all other eligible purchases if you do not have a qualifying Rogers, Fido or Shaw service
- 1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value
Insurance
Coverage
Balance Protection
Minimum payments
Benefits
Details
No Cost roaming
5 days
Eligibility
Credit Score
Very GoodAnnual Income
N/A
The Best Rogers Alternative for Amazon purchases
SimplyCash™ Preferred Card from American Express
4.5
Finly Rating
Welcome Bonus*
Up to $400
Annual Fee*
$119.88
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
Why we like it
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 & Cons
Pros & Cons
Pros
- Highest cashback rate on groceries and gas in Canada
- Great base cashback rate for all purchases
Cons
- For a card with an annual fee, the insurance coverage could have been higher
- American Express has a lower merchant acceptance compared to Visa or Mastercard
Product Details
Product Details
Rewards*
- 4% cash back on gas
- 4% cash back on groceries (maximum $1,200 annually)
- 2% cash back on all other credit card 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.svg)
Car Rental Damage & Theft
$85K up to 48 days
Mobile Device Insurance
$1000Purchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
American Express Experiences
Eligibility*
Credit Score
Very GoodAnnual Income
N/A
Best Amazon Card for users with high income
Rogers Red World Elite® Mastercard®
5
Finly Rating
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% / 22.99%
RECOMMENDED CREDIT SCORE
Why we like it
Why we like it
This card is one of the best in Canada, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is higher than what almost any other card offers, even those with annual fees! Additionally, for a no-fee card, you gain access to an extensive list of travel benefits, many of which are typically offered only with cards that have annual fees. Therefore, we recommend this card to anyone who meets the income requirements, even if you are not a Rogers customer!
Pros & Cons
Pros & Cons
Pros
- Voted the Best Cash Back Card in Canada for Rogers, Fido and Shaw customers by FinlyWealth.
- Voted the Best No Annual Fee Credit Card in Canada by FinlyWealth.
- There is no annual fee which is a notable benefit for a card with such high rewards. Most cards with slightly lower reward rates typically include yearly fees.
- Many favorable benefits for travelers.
- Many benefits, such as trip cancellation insurance, are only available on credit cards with an annual fee. It is rare to see these benefits on a no-annual-fee card!
- Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing your rewards.
- The roam-like benefit is a benefit unique only to this card.
- It is accepted at nearly all locations as it's a Mastercard.
Cons
- Harder to qualify due to the high credit score and income requirements.
- Out of all possible travel insurances, this card is missing Baggage delay and Hotel Burglary insurance. If these two insurances are essential to someone, this card needs to be paired with another travel card to cover them.
Product Details
Product Details
Rewards
- 3% cashback on all U.S dollar purchases
- 2% cashback on all on Non U.S dollar purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
- 1.5% cashback on everything else if you don't have the qualifying service
Insurance
Coverage
Emergency Out of province Medical
$1M, Up to 10 daysEmergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1000/person, $5000 maximum
Trip Interruption
$1000/person, $5000 maximumCar Rental Damage & Theft
$65000Purchase Protection
90 daysExtended Warranty
1 yearTrip delay
$150 day, up to 3 days
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, Complimentary visits not included!No Cost roaming
5 days
Eligibility
Credit Score
Very GoodAnnual Income
$80,000 personal or $150,000 household
Best Amazon Card with other purchases in mind
American Express Cobalt® Card
5
Finly Rating
Welcome Bonus*
Up to 15,000 points
Annual Fee*
$155.8
Interest Rates*
21.99% / 21.99%
RECOMMENDED CREDIT SCORE*
Why we like it
Why we like it
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, the card has good benefit coverage, making it the best candidate to become the main credit card for the majority of people.
Pros & Cons
Pros & Cons
Pros
- Generous welcome bonus of up to 15,000 points
- 4 different ways of redeeming your points for great value
- 10 different types of insurance, including travel
- Often referred to as the Best Credit Card in Canada
Cons
- Less acceptance of American Express at different merchants across Canada
- Not all types of travel insurance are covered, especially trip cancellation and interruption insurance
Product Details
Product Details
Rewards*
- 5x points per $1 spent in Restaurants, Fast Foods, Coffee Shops, Food delivery and Groceries up to 12500 points monthly
- 3x points per $1 spent on eligible streaming subscriptions in Canada
- 2x points per $1 spent in standalone gasoline stations, Amex Travel online, travel services or local commuter transportation in Canada including ride share services
- 1x point per $1 spent on all other purchases
Insurance*
Coverage*
Emergency Out of province Medical
$5M/insured Person Up to 15 daysFlight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Travel Accident
$250,000Car Rental Damage & Theft
$85K up to 48 daysMobile Device Insurance
$1000Purchase Protection
90 daysExtended Warranty
1 year
Benefits*
Details*
American Express Experiences
Eligibility*
Credit Score
GoodAnnual Income
N/A
How to maximize your Savings
Conclusion
- Amazon.ca Rewards Mastercard
- Rogers Mastercard®
- American Express SimplyCash Preferred
- Rogers World Elite® Mastercard®
- American Express Cobalt®
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