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Published Aug 31, 2025 2:04 AM UTC • 6 min read
In search of top-of-the-line perks? This post has you covered with a comprehensive list of premium metal credit cards. From travel benefits to business extras and notable welcome bonuses, these cards have it all – for an annual price of course.
Read on for the best metal credit cards in Canada, plus some insight into what makes them so exclusive.
To find your ideal match, you can also check out FinlyWealth's credit card finder tool.
on American Express' website
Welcome Bonus*
Earn up to 60,000 Membership Rewards® points
Rewards Rate*
1x - 2x Points
Annual Fee*
$250
Interest Rates
21.99%* / 21.99%*
The American Express® Gold Rewards Card is an excellent choice for travelers seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options. It’s ideal for those who want to maximize their travel rewards without being tied to a specific airline or compromising on the benefits offered.
Pros
Cons
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits*
Details*
Travel Credit
Nexus Program Rebate
Airport Lounge - Priority Pass
Airport Lounge - Plaza Premium
Complimentary Hotel Benefits
Status lift
American Express® Experiences
Extra points
Eligibility*
Credit Score
Annual Income
The American Express Gold Rewards Card offers tons of flexibility and customization for its cardholders – right down to its colour (choose between a yellow gold or rose gold finish).
You can redeem rewards your way with points per dollar spent flexibly on categories like gas, groceries, and travel. Top that off with a high earning potential, plus travel perks from a generous annual travel credit to extensive insurance coverage.
Like what you hear? The best part about this card is it offers all these benefits for a relatively lower annual fee (compared to the American Express Platinum Card, explored below) and takes first place for this list's first-year value, effectively mixing flexibility, travel perks, and luxury.
Welcome Bonus
Up to 85,000 points (55,000 in 1st year)
Rewards Rate
1.25x - 2x Points
Annual Fee
$599
Interest Rates
20.99% / 22.99%
If you travel a lot throughout the year with Air Canada, the benefits of this card can significantly enhance your experience. It can help you achieve the next status level with Aeroplan and provide a better airport experience, therefore it can be worth the price tag. However, if you don't frequently fly with Air Canada, the benefits may not justify the card's expensive price tag.
Pros
Cons
Rewards
Insurance
Coverage
Emergency Out of province Medical
Emergency Medical Over 65
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Mobile Device Insurance
Benefits
Details
Free first checked bag
Nexus Program Rebate
Visa Infinite Exclusive Benefits
Concierge Services
Golf Benefit
Extra points
Extra points
Status lift
Car Rental Discount
Trip and legal Assistance
Extra points
Status lift
Status lift
Status lift
Status lift
Priority Travel
Priority Travel
Airport Lounge - Dragon Pass
Airport Lounge - Maple Leaf and AirCanada Cafes
Companion Voucher
Eligibility
Credit Score
Annual Income
All the coverage of the American Express Aeroplan Reserve Card (which we'll expand on next), but often at slightly higher values, plus mobile device insurance and emergency medical over 65 coverage – something we didn’t even see from the American Express Gold Rewards Card.
Without the added American Express network, this visa card is also more accepted for spending.
Objectively, the reward rates sit pretty low compared to other premium cards, but at the lowest annual fee from this list for a metal card, it’s still a great card for people that frequently travel with AirCanada.
on American Express' website
Welcome Bonus*
Earn up to 85,000 Aeroplan points
Rewards Rate*
1.25x - 3x Aeroplan® points
Annual Fee*
$599
Interest Rates
21.99%* / 21.99%*
If you are a frequent Air Canada traveler, having an Aeroplan card for perks like free checked bags and priority service can be very beneficial. Many financial institutions offer Aeroplan cards, but I don't believe the American Express version is the best one. Opting for another option might be better. However, the Amex card does have a very large sign-up bonus, making it a great choice for those specifically seeking that.
Pros
Cons
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Benefits*
Details*
Free first checked bag
Nexus Program Rebate
Amex Experiences™
Extra points
Status lift
Status lift
Status lift
Status lift
Priority Travel
Priority Travel
Airport Lounge - Priority Pass
Airport Lounge - Maple Leaf and AirCanada Cafes
Companion Voucher
Free Extra Night at Hotels
Eligibility*
Credit Score
Annual Income
If you’re a frequent Air Canada flyer, looking for a substantial sign-up bonus, annual earnings in Aeroplan points, and extensive travel coverage – then the American Express Aeroplan Reserve Card is for you.
The only downfall is the card’s exclusivity, from being networked with American Express (which isn’t as widely accepted) to having the most value when staying loyal to Air Canada airlines. Not to mention, while any airport lounge access is exciting, this card’s access only extends to Maple Leaf Lounges and Air Canada Cafe lounges which aren’t always covered worldwide.
on CIBC's website
Welcome Bonus
Up to 85,000 Aeroplan® points
Rewards Rate
1.25x - 2x Aeroplan® points
Annual Fee
$599
Interest Rates
20.99% / 22.99%□
The CIBC Aeroplan Visa Infinite Privilege Card is ideal for frequent Air Canada flyers who want to maximize their Aeroplan points and enjoy premium travel perks. With 2 points per $1 spent on Air Canada purchases and free checked baggage on every flight, this card offers significant value for those who travel often. Additionally, the extensive travel insurance and unlimited Maple Leaf lounge access make it a solid choice for high-income individuals looking for convenience and protection during their travels. However, the high annual fee and income requirements mean it's best suited for those who can take full advantage of its Air Canada-specific benefits.
Pros
Cons
Rewards
Insurance
Coverage
Travel Accident
Emergency Out of province Medical
Emergency Medical Over 65
Flight Delay
Baggage Delay
Trip Cancellation
Trip Interruption
Lost or Stolen Baggage
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Car Rental Damage & Theft
Mobile Device Insurance
Benefits
Details
Airport Lounge - Maple Leaf and AirCanada Cafes
Gas Discount
Car Rental Discount
Visa Infinite Exclusive Benefits
Status lift
Status lift
Companion Voucher
Priority Travel
Free first checked bag
Eligibility
Credit Score
Annual Income
The CIBC Aeroplan Visa Infinite Privilege Card pairs perks from both the American Express Aeroplan Reserve Card and the TD Aeroplan Visa Infinite Privilege Credit Card.
While it matches the types of insurance coverage from the TD Aeroplan Visa Infinite Privilege Credit Card, like mobile device insurance and emergency medical coverage for people over 65, the TD Aeroplan Visa Infinite Privilege Credit Card adds a bit more value to most categories like trip cancellation and interruption insurance and lost or stolen baggage.
Like the American Express Aeroplan Reserve Card, it offers free checked baggage, Maple Leaf Lounge access, and runner-up Aeroplan points in popular categories (travel, gas, groceries) when spent in the first $100k transactions of the year, all at the same annual fee.
On its own, the CIBC Aeroplan Visa Infinite Privilege Card requires a larger personal income alongside a very good credit score, so it’s best for higher earners and bigger spenders who lean toward Air Canada travel.
Our choice for: Travel Perks, Luxurious Travel, and Unlimited Lounge Access
on American Express' website
Welcome Bonus*
Earn up to 100,000 Membership Rewards® points
Rewards Rate*
1x - 2x Points
Annual Fee*
$799
Interest Rates
21.99% - 30%* / N/A*
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
Cons
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits*
Details*
Airport Lounge - American Express Global Lounge
Travel Credit
Dining Credit
Nexus Program Rebate
Complimentary Hotel Benefits
Status lift
Status lift
Priority Travel
Concierge Services
Trip and legal Assistance
American Express® Experiences
Extra points
Eligibility*
Credit Score
Annual Income
All the luxury a credit card could ask for, plated in platinum. The American Express Platinum Card offers the most perks out of all other credit cards in Canada – which is fitting since it’s also one of the most expensive cards on this list in terms of annual fees.
Overall, you’re paying for premium benefits, including hundreds of dollars in annual travel and dining credits and a long list of insurance coverage. In terms of accommodations, enjoy its complimentary benefits and programs at tons of hotels and resorts, plus upgrades compatible with stays at the Hilton and Marriot Bonvoy hotels. Additionally, if you liked the idea of lounge access in the last section, you won’t want to miss this card’s impressive unlimited access to over 1,300 airport lounges across the globe.
The biggest con is its cost, which won’t be worth it if you’re not a big enough spender willing to work your way up to all the benefits.
Our choice for: Luxury travel business credit card
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%*
The Business Platinum Card® from American Express is ideal for frequent business travelers who can take full advantage of the premium perks and extensive insurance coverage. Despite the high annual fee, the generous rewards and travel benefits may offset the cost for those who maximize the card's offerings.
Pros
Cons
Rewards*
Insurance*
Coverage*
Travel Accident
Emergency Out of province Medical
Flight Delay
Baggage Delay
Lost or Stolen Baggage
Hotel Burglary Insurance
Trip Cancellation
Trip Interruption
Mobile Device Insurance
Car Rental Damage & Theft
Extended Warranty
Purchase Protection
Benefits*
Details*
Airport Lounge - American Express Global Lounge
Status lift
Free Extra Night at Hotels
Interest on Balance
Nexus Program Rebate
Concierge Services
Discount
American Express® Experiences
Priority Travel
Travel Credit
Wireless Credit
Business Statement Credits
Complimentary Hotel Benefits
Eligibility*
Credit Score
Annual Income
Similar to the American Express Platinum Card, but with a slightly bigger bonus and business-focused benefits. Enjoy perks like added mobile device insurance, business statement credits, and up to 55 interest-free days on your balance.
Business travellers will also enjoy an annual travel credit, access to plenty of airport lounges worldwide, discounted premium seating from participating airlines, and Marriot Bonvoy Gold Elite status.
Like the American Express Platinum Card, there’s a high annual fee, but frequent work travellers should be able to offset the cost by indulging in benefits on every business trip.
on American Express' website
Welcome Bonus*
Earn up to 60,000 Membership Rewards® points
Rewards Rate*
1x - 2x Points
Annual Fee*
$250
Interest Rates
21.99%* / 21.99%*
The American Express® Gold Rewards Card is an excellent choice for travelers seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options. It’s ideal for those who want to maximize their travel rewards without being tied to a specific airline or compromising on the benefits offered.
Pros
Cons
Rewards*
Insurance*
Coverage*
Emergency Out of province Medical
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Lost or Stolen Baggage
Travel Accident
Car Rental Damage & Theft
Purchase Protection
Extended Warranty
Benefits*
Details*
Travel Credit
Nexus Program Rebate
Airport Lounge - Priority Pass
Airport Lounge - Plaza Premium
Complimentary Hotel Benefits
Status lift
American Express® Experiences
Extra points
Eligibility*
Credit Score
Annual Income
Let's talk a little bit more about the American Express Gold Rewards Card. With the best first-year value on this list, it should come as no surprise that this card offers not only the best in welcome bonuses, but also the most attainable bonuses. For example, your spending levels can be much lower than other premium cards (like the American Express Platinum Card) and still earn you those Membership Rewards points in no time.
on CIBC's website
Welcome Bonus
Up to 80,000 Aventura points
Rewards Rate
1x - 3x points
Annual Fee
$499
Interest Rates
20.99% / 22.99%□
The CIBC Aventura Visa Infinite Privilege Card offers a well-rounded suite of travel benefits, making it ideal for frequent travelers. The annual $200 travel credit, complimentary lounge access, and comprehensive insurance package ensure you’re covered for both convenience and protection. Plus, the ability to earn up to 3 points per dollar spent and redeem them at high values for flights makes this card an excellent choice for those who value travel rewards. However, it comes with a high annual fee and income requirements, so it's best suited for those who can fully take advantage of its perks.
Pros
Cons
Rewards
Insurance
Coverage
Travel Accident
Emergency Out of province Medical
Emergency Medical Over 65
Flight Delay
Baggage Delay
Trip Cancellation
Trip Interruption
Lost or Stolen Baggage
Hotel Burglary Insurance
Purchase Protection
Extended Warranty
Car Rental Damage & Theft
Mobile Device Insurance
Benefits
Details
Airport Lounge - Dragon Pass
Gas Discount
Car Rental Discount
Nexus Program Rebate
Visa Infinite Exclusive Benefits
Travel Credit
Eligibility
Credit Score
Annual Income
The CIBC Aventura Visa Infinite Privilege Card is a metal credit card worth mentioning when it comes to travel perks, redemption flexibility, and insurance coverage. Instead of the commonly mentioned Aeroplan points above, this card specializes specifically in Aventura points. As a CIBC Aventura Visa Infinite Privilege cardholder, you can earn high-value points per dollar spent on travel and other popular categories like gas and groceries. Not to mention, an annual travel credit accompanied by complimentary airport lounge passes and discounts on car rentals.
The only drawbacks are the high-income requirements, the necessary "very good" credit score, and the annual fee that falls on the higher end of the spectrum.
American Express, BMO, CIBC, and TD all offer metal credit cards in Canada. You’ll see metal cards from each of these companies included in our list above.
A metal credit card is worth it if you find that you’ll be taking enough advantage of the rewards and benefits to make up for the cost of the annual fee. Luckily, annual fees among metal cards do have some variation, so you can pick the perks and price points that work for you.
Since metal credit cards are considered premium credit cards, you will need at least a “good” credit score to apply. This is a credit score of around 660, depending on the card issuer. Some metal credit cards will require a higher score. For example, from our featured list, the CIBC Aeroplan Visa Infinite Privilege Card calls for a “very good” credit score (which is about 725) and the TD Aeroplan Visa Infinite Privilege Card expects an “excellent” credit score (around 760).
About the author
Sara Skodak
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ... See full bio
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