Top 12 Flat-Rate Credit Cards in Canada for October 2026

Apply with Confidence — won't impact your credit score

on American Express' website

Welcome Bonus

Up to 10,000 Membership Rewards® points

First Year Rewards

$646

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

Annual Fee

Interest Rates

21.99%* / 21.99%*

RECOMMENDED CREDIT SCORE

300

Poor

693⁎

Fair

743⁎

Good

790⁎

Very Good

833⁎

Excellent

⁎Estimates based on TransUnion scoring

Wealthsimple Visa Infinite +*

Our Rating

2.8/5

The American Express® Green Card is a great option for those looking for a no-frills card that earns rewards on all purchases without any annual fee or minimum income requirement. It's an accessible card with no cap on rewards, making it ideal for those who want to earn points without the higher costs and complexities of premium cards. However, it does come with lower rewards earnings across most categories and a modest welcome bonus.

Pros & Cons

Pros

No spending limits
Flexible redemption options
VIP perks
Eco-friendly plastic
Instant decision. No credit impact.

Cons

Lower reward rates
Limited travel perks
Limited acceptance

Card Details

Rewards

1x point per $1 spent on all purchases

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Details

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

Eligibility

Credit Score
Fair
Annual Income
N/A

Our choice for: Best Cashback

4.0

on Wealthsimple's website

Wealthsimple Premium client, or $4,000+/mo direct deposit?

Either one waives the $240/yr card fee (Premium = $100k+ in assets)

+$240

Welcome Bonus

Get 5% cash back for the first 30 days (1)

First Year Rewards

$300

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

Annual Fee

See Rates

Interest Rates

20.99%* / 22.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Wealthsimple Visa Infinite Privilege*

Our Rating

4/5

The Wealthsimple Cash Back Visa Infinite offers a no-FX-fee spending solution with a conditional no-fee setup that earns 2% cash back on all purchases without any limits! It also lets you grow your rewards—as you can deposit your cashback whenever you want in a high-interest chequing account. Its simplicity and flexibility make it ideal for many Canadians.

Pros & Cons

Pros

Decent cashback
No premium client annual fee
No foreign transaction fees
Solid insurance

Cons

High income requirements
High annual fee

Card Details

Rewards

2% cash back on all eligible purchases, no limits.

Insurance

Coverage

Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Travel Medical Insurance (64 & under)^*
14 days up to $1M (under age 65)
Trip Cancellation^*
$1,000/person ($3,000 per trip)
Trip Interruption^*
$1,000/person ($3,000 per trip)
Baggage Delay^*
$500 ($1,000 combined with Lost or Stolen Baggage coverage)*
Lost or Stolen Baggage^*
$750 ($1,000 combined with Baggage Delay coverage)*

Benefits

Details

No Foreign Transaction Fees
Avoid FX fees when you travel abroad
Visa Infinite Exclusive Benefits

Eligibility

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

Our choice for: Best Premium Cashback

4.4

on Wealthsimple's website

Wealthsimple Premium client, or $4,000+/mo direct deposit?

Either one waives the $240/yr card fee (Premium = $100k+ in assets)

+$240

Welcome Bonus

Get 5% cash back for the first 30 days (1)

First Year Rewards

$300

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

Annual Fee

See Rates

Interest Rates

20.99%* / 22.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Neo World Elite® Mastercard – Everywhere

Our Rating

4.4/5

The Wealthsimple Cash Back Visa Infinite Privilege offers a no-FX-fee spending solution with a conditional no-fee setup that earns 2% cash back on all purchases without any limits! It's currently the ONLY Visa Infinite Privilege card with an annual fee that can be completely waived. It also lets you grow your rewards—as you can deposit your cashback whenever you want in a high-interest chequing account. Its simplicity and flexibility make it ideal for many Canadians.

Pros & Cons

Pros

Decent cashback
No premium client annual fee
No foreign transaction fees
Solid insurance
Airport lounge access

Cons

High annual fee
High income requirements

Card Details

Rewards

2% cash back on all eligible purchases, no limits.

Insurance

Coverage

Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Travel Medical Insurance (64 & under)^*
14 days up to $2M (under age 65)
Trip Cancellation^*
$1,500/person ($5,000 per trip)
Trip Interruption^*
$1,500/person ($5,000 per trip)
Baggage Delay^*
$1,000 ($1,250 combined with Lost or Stolen Baggage coverage)*
Lost or Stolen Baggage^*
$1,000 ($1,250 combined with Baggage Delay coverage)
Car Rental Damage & Theft^*
31 days, $65K car MSRP

Benefits

Details

No Foreign Transaction Fees^*
Avoid FX fees when you travel abroad
Visa Infinite Exclusive Benefits^*
Airport Lounge - Dragon Pass^*
6 complimentary visits

Eligibility

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

Our choice for: Best Boosted Cashback

4.6

Exclusive · From FinlyWealth$100 rebate

on Neo Financial's website

Finly Special Offer

Welcome Bonus

$0 First-Year Annual Fee and $100 Welcome Bonus

First Year Rewards

$680

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

Annual Fee

$149 $0

Interest Rates

19.99% - 26.99%□ / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Neo World Mastercard® – Everywhere

Our Rating

4.6/5

This card was designed for spenders who value reward simplicity alongside comprehensive travel coverage and premium perks. If you ever want to up your earnings, you can also purchase from thousands of partners to receive up to 15% in cash back.

Pros & Cons

Pros

High cashback rates
Premium insurance coverage
Airport lounge membership
Boosted partner cashback
Instant approval and access

Cons

High income requirements
Annual fee

Card Details

Rewards

2% cash back up to $4000 spending per month then 1% (unlimited) on everything else
Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates

Insurance

Coverage

Travel Medical Insurance (64 & under)
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500
Baggage Delay
$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
Lost or Stolen Baggage
$1,000
Mastercard Zero Liability Protection
Yes

Benefits

Details

Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
No Foreign Transaction Fees¹
You can get all FX fees rebated up to $10K spending per month with a Neo Grow membership ($12.99/month cost or $0 with $20K across your Neo accounts)
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.

Eligibility

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

Our choice for: Best No-Fee Boosted Cashback

3.5

Exclusive · From FinlyWealth$50 rebate

on Neo Financial's website

Welcome Bonus

N/A

First Year Rewards

$290

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

Annual Fee

Interest Rates

19.99% - 29.99%□ / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

RBC Avion Visa Infinite Privilege

Our Rating

3.5/5

This card offers a solid flat-rate of cash back on all purchases, plus partner boosted cash back opportunities. There's a secured version of this card too, which would be beneficial for those wanting to build credit and earn cash back at the same time at only $7.99/month.

Pros & Cons

Pros

No annual fee
Boosted partner cashback
Instant approval and access

Cons

Basic insurance coverage
Income requirements

Card Details

Rewards

1% unlimited cash back on everything
Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

No Foreign Transaction Fees¹
You can get all FX fees rebated up to $10K spending per month with a Neo Grow membership ($12.99/month cost or $0 with $20K across your Neo accounts)
Mastercard Zero Liability Protection
Yes
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.

Eligibility

Credit Score
Fair
Annual Income
$50,000 personal or $80,000 household

Our choice for: Best Premium Avion

4.4

on RBC's website

Welcome Bonus

Get up to 100,000 Avion points(1)

First Year Rewards

$2,201

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

Annual Fee

$399

Interest Rates

20.99% / 22.99%□

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Our Rating

4.4/5

The RBC Avion Visa Infinite Privilege is an excellent choice for frequent travelers who want premium travel perks and high-value rewards. The welcome bonus, insurance coverage, and airport benefits offer significant value for those who qualify. However, the high annual fee and income requirements may limit its accessibility, and the reward rate outside of the travel chart is less competitive.

Pros & Cons

Pros

High value travel points
Extensive Coverage
Airport perks
Flexible rewards
Airport lounge access

Cons

Higher annual fee
High income requirements
Relatively lower rewards
Limited redemption options

Card Details

Rewards

1.25x Avion points per $1 spent on all eligible purchases

Insurance

Coverage

Purchase Protection¹²
120 days
Extended Warranty¹²
Up to 2 years
Mobile Device Insurance¹²
$1,500
Common Carrier Travel Accident Insurance¹²
$500,000
Travel Medical Insurance (64 & under)¹²
31 days
Travel Medical Insurance (65 to 75)¹²
7 days
Trip Interruption¹²
$5,000
Trip Cancellation¹²
$2,500
Hotel Burglary Insurance¹²
$3,000
Baggage Delay¹²
$750
Lost or Stolen Baggage¹²
$2,500
Flight Delay¹²
$1,000
Car Rental Damage & Theft¹²
yes

Benefits

Details

Airport Lounge - Dragon Pass
6 complimentary airport lounge visits per year(2)
Gas Discount
save 3¢/L on fuel(8) and always earn 20% more Petro-Points(9) at Petro-Canada and 20% more Avion points(10)
Extra points
50 Be Well™ points on every $1 spent on eligible purchases at Rexall(14)
Concierge Services
Connect to the Visa Infinite Privilege Concierge like having a personal assistant on call!
Priority Travel
Enjoy global airport lounge access, airport security fast track lanes, and dedicated airport parking at select Canadian airports
Visa Infinite Exclusive Benefits
Dining series and Visa Infinite Luxury Hotel Collection offers with benefits like late check out and upgrades
Discount
Add your credit card to your DoorDash account and get a 12-month complimentary DashPass subscription(18)

Eligibility

Credit Score
Good
Annual Income
$200,000 personal or $200,000 household

Our choice for: Best Alternative Avion

RBC Avion Visa Platinum

2.7

on RBC's website

Welcome Bonus

Get up to 70,000 Avion points(1) - a travel value of up to $1,500!†

First Year Rewards

$1,760

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

⁎Estimates based on Equifax scoring

Scotiabank Platinum American Express® Card

Our Rating

2.7/5

The RBC Visa Platinum Avion is a solid option for those who prefer flexible travel rewards without the high-income requirements of other premium cards. The welcome bonus, extensive insurance, and travel rewards flexibility offer good value for frequent travelers. However, the 1 point per $1 earn rate may be less appealing for those looking for higher rewards on everyday purchases.

Pros & Cons

Pros

Comprehensive insurance
Petro Canada perks
No income requirements

Cons

Annual fee
Low optimization
Low non-travel value

Card Details

Rewards

Earn 1 Avion point on all eligible purchases². Plus, Avion points never expire¹⁴.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to 1 year
Common Carrier Travel Accident Insurance
$500,000
Trip Interruption
$2,500
Trip Cancellation
$1,000
Hotel Burglary Insurance
$2,500
Baggage Delay
$500
Lost or Stolen Baggage
$500
Flight Delay
$1,000
Car Rental Damage & Theft
yes

Benefits

Details

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

Eligibility

Credit Score
Good
Annual Income
N/A

Our choice for: Best Flexible Points

3.8

Exclusive · From FinlyWealth$175$225 rebate

on Scotiabank's website

Limited offer · ends

Welcome Bonus

Earn up to $3,000* in value in the first 14 months, including up to 100,0001 bonus Scene+ points.

First Year Rewards

$1,106

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

Annual Fee

$399

Interest Rates

9.99% / 9.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Business Platinum Card® from American Express

Our Rating

3.8/5

The Scotiabank Platinum American Express is the perfect choice for those seeking a super premium credit card without steep income requirements. With a high flat rate of rewards on all purchases, extensive insurance coverage, and flexible travel redemption options, it offers full-featured perks that cater to frequent travelers and savvy spenders alike.

Pros & Cons

Pros

Low interest rates
Strong rewards
Airport lounge access
Comprehensive travel insurance
Shell Fuel Savings
Flexible travel rewards
No foreign transaction fees
Instant decision. No credit impact.

Cons

Higher annual fee
Limited premium perks

Card Details

Rewards

Earn 2x Scene+ points for every $1 spent on all other eligible 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
Rates, fees and other information are effective as of July 2, 2026. Subject to change.

Insurance

Coverage

Travel Medical Insurance (64 & under)
$2M, Up to 31 days
Travel Medical Insurance (65 to 75)
$2M, Up to 10 days
Trip Cancellation
$2500/person, $10000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Trip Interruption
$5000/person, $25000/trip
Baggage Delay
$1000 After 4 hours
Flight Delay
$1000/person
Common Carrier Travel Accident Insurance
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1000
Purchase Protection
120 days
Extended Warranty
Up to a year

Benefits

Details

No Foreign Transaction Fees
Airport Lounge - Plaza Premium
10 visits, 4 visits for secondary card (combined with the Priority pass)
Airport Lounge - Priority Pass
10 visits, 4 visits for secondary card (combined with the Plaza Premium)
Gas Discount²
Get up to 11¢/L in value on fuel purchases at Shell stations
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership
Status lift
Hertz #1 Club Gold Member
Extra points
Extra 4 Scene+ points per Canadian dollar spent on hotel and car rental bookings made through Scene+ Travel using your Scotiabank Platinum American Express Card

Eligibility

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

Our choice for: Best Business

Business Platinum Card® from American Express

4.6

Exclusive · From FinlyWealth$175 rebate

on American Express' website

Welcome Bonus

Earn up to 120,000 bonus Membership Rewards® points

Rewards Rate

1.25x

Points

Annual Fee

$799

Interest Rates

21.99% - 30%* / 21.99% - 30%*

RECOMMENDED CREDIT SCORE

300

Poor

693

Fair

743⁎

Good

790⁎

Very Good

833⁎

Excellent

⁎Estimates based on TransUnion scoring

Our Rating

4.6/5

The most premium business card in Canada, and priced accordingly at $799/year. You get 1.25x Membership Rewards points on everything, a massive welcome bonus of up to 120,000 points, and a deep roster of perks: airport lounge access, hotel elite status, statement credits, and comprehensive insurance. The value proposition only works if you travel frequently and use the perks — the earn rate alone doesn’t justify the fee. But for businesses that fly often, entertain clients, and want best-in-class coverage, the benefits can far exceed the cost. Amex acceptance gaps in Canada remain a consideration.

Pros & Cons

Pros

Optimize all purchases
Premium travel perks
Comprehensive insurance
Interest grace period
Business statement credits

Cons

High annual fee
Limited acceptance

Card Details

Rewards

1.25x points per $1 spent on all purchases

Insurance

Coverage

Common Carrier Travel Accident Insurance
$500,000
Travel Medical Insurance (64 & under)
15 days
Flight Delay
$1,000
Baggage Delay
$1,000
Lost or Stolen Baggage
$1,000
Hotel Burglary Insurance
$1,000
Trip Cancellation
$1,500
Trip Interruption
$1,500
Mobile Device Insurance
$1,500
Car Rental Damage & Theft
Yes
Extended Warranty
1 year
Purchase Protection
90 days

Benefits

Details

Airport Lounge - American Express Global Lounge
Take full advantage of the American Express Global Lounge CollectionTM which unlocks access to over 1400 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. Terms and Conditions apply.
Status lift
Earn Marriott Bonvoy Gold Elite status by spending $30,000 or staying 10 nights combined with 15 Elite Night Credits. Status retention depends on Marriott Bonvoy terms.
Free Extra Night at Hotels
Each year, 8-10 weeks after your anniversary, receive a Free Night Award for a Marriott Bonvoy room up to 35,000 points, valid for 1 year. Resort fees excluded.
Interest on Balance
Up to 55 interest-free days
Nexus Program Rebate
Access a $100 credit for NEXUS with your Cardmembership
Concierge Services
Personalized concierge at your service
Discount
Your Business Platinum Card gets you savings on the seats you really want and lower fares on premium tickets with participating airlines
American Express® Experiences
Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts, theatre shows, and special offers with American Express® Experiences
Priority Travel
At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park
Travel Credit
Access a $200 Annual Travel Credit each year of your Cardmembership
Wireless Credit
Up to $120 in statement credits each year. Spend $10 each month with eligible wireless providers month and get a $10 credit.
Business Statement Credits
Up to $500 in business statement credits. Enroll and earn statement credits on eligible purchases with $200 Dell statement credit, $300 Indeed statement credit.
Complimentary Hotel Benefits
Enjoy Fine Hotels + Resorts benefits at over 1,600 properties worldwide like guaranteed late check-out, complimentary breakfast for two, and more with Business Platinum.

Eligibility

Credit Score
Good
Annual Income
N/A

Our choice for: Best Prepaid

EQ Bank Card

4.4

on EQ Bank's website

Welcome Bonus

N/A

Rewards Rate

0.5%

Cash Back

Annual Fee

Interest Rates

0% / 0%

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Capital One Smart Rewards™ Mastercard®

Our Rating

4.4/5

The EQ bank card is not a credit card; it's a prepaid card, so you will not be able to get the same level of rewards as when using a credit card and it will not build credit. But if getting a prepaid card is your goal, then this card is, without a doubt, the best choice. Voted the best "Prepaid Card" in Canada, this card offers rewards and benefits that are mostly not offered by other prepaid cards. Earning interest on balance, rewards on purchases, no foreign transaction fee, and especially the unique no ATM fee that no other card provides, makes this card the best among prepaid cards.

Pros & Cons

Pros

Best prepaid card
No ATM fees
Interest earned on balance
No foreign transaction fee
Some purchase cashback

Cons

No insurance

Card Details

Rewards

0.5% cash back on every purchase

Benefits

Details

No Foreign Transaction Fees
Pay no extra FX fees when making purchases outside of Canada
Free ATM withdrawal
ATM fee reimbursement for Canada only
Interest on Balance
Base rate of 1.00%*, or 2.75%** bonus rate

Eligibility

Credit Score
N/A
Annual Income
N/A

Our choice for: Best Financial Discipline

3.9

on Capital One's website

Welcome Bonus

N/A

First Year Rewards

$300

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

Annual Fee

Interest Rates

29.9%□ / 29.9%□

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Home Trust Preferred Visa

Our Rating

3.9/5

The Capital One Smart Rewards™ Mastercard® takes a completely unique approach to credit card rewards by rewarding payment behavior rather than spending. This Canadian card earns 5 points per dollar paid toward your balance instead of rewarding purchases, which encourages responsible financial habits and consistent payment behavior. At a 1.25% return on payments (with points worth 0.25 cents each), the rewards value is actually quite competitive for a no-annual-fee card, making it both a financial discipline tool and a legitimate rewards earner. This card is particularly appealing to those who want to avoid spending-based reward temptations while still earning meaningful returns, though it requires a different mindset than traditional rewards cards.

Pros & Cons

Pros

Solid balance payment return
Unique rewards structure
No annual fee
Encourages consistent payment behaviour
Some travel coverage
Enhanced insurance coverage

Cons

Lower earning potential
No purchase optimization
No welcome offer
Confusing rewards program
Limited redemption options

Card Details

Rewards

5 points per $1 paid towards your balance

Insurance

Coverage

Common Carrier Travel Accident Insurance
$250,000
Baggage Delay
$100/day up to 3 days
Car Rental Damage & Theft
Up to 31 days
Purchase Protection
120 days
Extended Warranty
double up to 2 years

Benefits

Details

Price Protection
60 days, Up to $100 per item, $500 per year

Eligibility

Credit Score
Poor
Annual Income
N/A

Our choice for: Best No-Fee No Foreign Transaction Fees

3.5

on Home Trust's website

Welcome Bonus

N/A

First Year Rewards

$233.11

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

⁎Estimates based on Equifax scoring