FinlyWealth&#x27;s Credit Card and Banking Awards 2027

Exclusive · From FinlyWealth$120 rebate

on Scotiabank's website

Welcome Bonus

Earn up to $1,250 in value, including up to 35,000 bonus Scene+ points

Rewards Rate

1x - 3x

Annual Fee

$150

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 Gold American Express® Card

Our Rating

4.8/5

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.

Awards & Recognition

Best Travel Credit Card

2026

Pros & Cons

Pros

High rewards
No foreign transaction fees
Airport lounge access
Shell Fuel Savings
Comprehensive insurance
Generous intro offer

Cons

High income requirements
High annual fee

Card Details

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

Travel Medical Insurance (64 & under)
$2M/insured up to 25 days
Travel Medical Insurance (65 to 75)
$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
$1,000
Baggage Delay
$1,000
Common Carrier Travel Accident Insurance
$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
Gas Discount²
Get up to 10¢/L in value on fuel purchases at Shell stations
Status lift
Avis® Preferred Plus membership
Concierge Services
Discount^**
Yearly GigSky 1GB/15-Day plan, 20% off future purchases, and 10GB of global data for 15 days with Travel Essentials
Visa Infinite Exclusive Benefits

Eligibility

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

The Scotiabank Passport Visa Infinite + Card dominates other top travel credit cards in Canada. Not only do cardholders pocket several Scene+ points on travel (among other common spend categories), but they can also redeem these points at a high value towards travel purchases. For many Canadians though, the real pull of this card is the perks. On top of comprehensive travel coverage, cardholders can expect benefits like complimentary airport lounge access and no foreign transaction fees.

Bottom line: The Scotiabank Passport Visa Infinite + Card takes first place in this category because it pairs strong Scene+ value and flexibility with notable travel coverage and perks.

Best Travel Points Credit Card: Scotiabank Gold American Express Card

Our choice for: Great rewards, travel benefits and no FX fees

Scotiabank Gold American Express® Card

5.0

Exclusive · From FinlyWealth$150$200 rebate

on Scotiabank's website

Limited offer · ends

Welcome Bonus

Earn up to $950 in welcome offers, first year rewards and savings value, and up to 50,000 bonus Scene+ points.

Rewards Rate

1x - 6x

Annual Fee

$120

Interest Rates

21.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Tangerine Money-Back Mastercard

Our Rating

5/5

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.

Pros & Cons

Pros

No foreign transaction fees
Well-rounded rewards
Shell Fuel Savings
Comprehensive insurance
Flexible redemptions

Cons

Limited acceptance
No lounge access
Annual fee

Card Details

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
Rates, fees and other information are effective as of July 2, 2026. Subject to change.

Insurance

Coverage

Travel Medical Insurance (64 & under)
$1M, Up to 25 days
Travel Medical Insurance (65 to 75)
$1M, Up to 3 days
Trip Cancellation
$1,500/person, $10,000/trip
Trip Interruption
$1,500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1,000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Common Carrier Travel Accident Insurance
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1,000/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
Gas Discount²
Get up to 12¢/L in value on fuel purchases at Shell stations
American Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership

Eligibility

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

The Scotiabank Gold American Express Card reigns over the travel sector due to its high point-potential in popular spend categories such as travel, groceries, dining, and entertainment. While Scene+ points are redeemable at a high value towards multiple categories, redeeming your points towards travel is the most lucrative option. This impressive travel-point-earning program comes with comprehensive coverage and notable perks like no foreign transaction fees.

Bottom line: This travel credit card earns the most Scene+ points on popular spending and pairs this impressive optimization with valuable travel perks and coverage.

Best Starter Cash Back Credit Card: Tangerine Money-Back Mastercard

4.4

Exclusive · From FinlyWealth$75 rebate

on Tangerine's website

Welcome Bonus

10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months

Rewards Rate

0.5% - 2%

Annual Fee

Interest Rates

20.95%* / 22.95%*

RECOMMENDED CREDIT SCORE

300

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Scotia Momentum® Visa Infinite +* Card

Our Rating

4.4/5

While we think Tangerine 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. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.

Awards & Recognition

Best Starter Credit Card

2026

Pros & Cons

Pros

Customizable cashback
Unique categories available
High recurring transaction optimization
High pharmacy purchase optimization
Bonus category available
No annual fee

Cons

Basic insurance
Low base earn rate

Card Details

Rewards

2% Money-Back Rewards on your choice of two categories from the 13 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reccurring Bill Payments, Home Improvement, Public Transportation and Parking and more). Change them up every 90 days to match your spending habits.
Have your Money-Back Rewards deposited into a Tangerine Savings Account and get a third 2% Money-Back Category.
0.5% cashback on all other credit card purchases.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year

Eligibility

Credit Score
Fair
Annual Income
$12,000 personal

Need a card to kickstart your credit journey? The Tangerine Money-Back Mastercard is the perfect fit. This contender has a unique rewards program, allowing cardholders to select two earn categories out of the 13 offered by Tangerine. You can even choose a third rewards category when you deposit your earnings into a Tangerine Savings Account. While it's smart to stick to the basics like gas and groceries, the Tangerine Money-Back Mastercard offers unique earning options like furniture, e-games, and fitness and sports clubs categories, catering to niche expenses. The best part? You can switch your reward categories every 90 days to match shifted spending. Considering its low income requirements and lack of an annual fee, this card is also fit for first-time credit users, like students.

Bottom line: With such a flexible and customizable rewards program, we recognize the Tangerine Money-Back Mastercard as one of the best cash back credit cards in Canada, especially if you're just getting started financially.

Best Recurring Bills Credit Card: Scotia Momentum Visa Infinite + Card

Our choice for: Best value on recurring bills and groceries

Scotia Momentum® Visa Infinite +* Card

4.6

Exclusive · From FinlyWealth$100$200 rebate

on Scotiabank's website

Limited offer · ends

Welcome Bonus

Earn 15% Cash Back on all purchases for the first 3 months, a 0% introductory interest rate on balance transfers, and no annual card fees in the first year

Rewards Rate

1% - 4%

Annual Fee

$120 $0

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 +*

Our Rating

4.6/5

The 4% cashback offered on groceries and recurring purchases is the highest among all other credit cards. With the first year's annual fee waived, and with the right transactions used on this credit card, a high amount of cashback could be earned.

Pros & Cons

Pros

High grocery optimization
High recurring payment optimization
High insurance coverage
First-year fee rebate
Car rental discounts

Cons

Low base earn rate
Income requirements

Card Details

Rewards

4% for every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2% for every $1 you spend on gas and daily transit purchases
New 2% Cash Back earn category: You will earn 2% on all eligible purchases of Food Delivery⁴
1% cash back on all other purchases with no cashback limit
New Cash Back Anytime feature: Redeem your cash back that you’ve earned whenever you need it, through the Scotia app or Scotia Online ($25.00 minimum redemption)¹
Rates, fees and other information are effective as of July 2, 2026. Subject to change.

Insurance

Coverage

Mobile Device Insurance
$1,000
Common Carrier Travel Accident Insurance
$500,000
Travel Medical Insurance (64 & under)
15 days
Trip Interruption
$2,000
Trip Cancellation
$1,500
Flight Delay
$500
Lost or Stolen Baggage
$500
Baggage Delay
$500
Car Rental Damage & Theft
48 days
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Discount¹¹
Yearly GigSky 1GB/15-Day plan, 20% off future purchases, and 10GB of global data for 15 days with Travel Essentials
Visa Infinite Exclusive Benefits
Yes
Gas Discount¹²
Get up to 7¢/L in value on fuel purchases at Shell stations

Eligibility

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

The Scotia Momentum Visa Infinite + Card, one of the best recurring transaction credit cards in Canada, earns some of the highest cash back on recurring bills and subscription purchases. Cardholders can also expect admirable cash back rates on gas, transit, and food delivery purchases. On top of comprehensive coverage and a couple of added discounts on rental cars, the first year annual fee is completely rebated, offering Canadians a budget-conscious head start.

Bottom line: For budget-minded Canadians, this card turns fixed monthly costs into steady rewards, and the rebated first-year fee means you can start earning before dipping into your back pocket.

Best Flat-Rate Cash Back Credit Card: Wealthsimple Visa Infinite + Card

4.0

on Wealthsimple's website

Welcome Bonus

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

Rewards Rate

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

Rogers Red World Elite® Mastercard

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

For some, the best cash back credit card is the one that keeps things simple. With this in mind, let's go ahead and introduce this year's best flat-rate cash back contender: the Wealthsimple Visa Infinite + Card. Featured as one of our best cash back credit cards in Canada, this card collects a flat-rate of unlimited cash back on all eligible purchases. This straightforward rewards program is accompanied by strong coverage and impressive perks like no foreign transaction fees. While the annual fee appears quite high, it can be waived completely for clients with Premium or Generation status, or those who direct deposit at least $4,000 per month into their chequing account.

Bottom line: The Wealthsimple Visa Infinite + earns its place by offering simple, uncapped cash back on every eligible purchase, backed by strong coverage and no foreign transaction fees, with an annual fee that can be waived for qualifying clients.

Best Credit Card for Costco: Rogers Red World Elite Mastercard

Our choice for: Flat cash back rate with some travel perks

4.5

on Rogers Bank's website

Welcome Bonus

Welcome Bonus varies

Rewards Rate

1.5% - 3%

Annual Fee

Interest Rates

21.99% - 25.99%* / 22.99% - 27.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Neo World Elite® Mastercard – Shop & Dine

Our Rating

4.5/5

This card is one of the best in Canada, especially if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. With a qualifying service, you can effectively receive up to 2% cashback rate, which competitive against other no-fee contenders. 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!

Awards & Recognition

Best No Fee Cash Back Credit Card

2026

Pros & Cons

Pros

Top no-fee contender
Member earning boosts
USD optimization
Comprehensive coverage
Airport lounge membership
Roam Like Home days

Cons

High income requirements
Annual spending caps

Card Details

Rewards

Earn 2% cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1.5% cash back on eligible non-U.S. dollar purchases.
Plus, earn up to 3% cash back on eligible U.S. dollar purchases.

Insurance

Coverage

Travel Medical Insurance (64 & under)
Up to 10 days
Travel Medical Insurance (65 to 75)
Up to 3 days
Trip Cancellation
$1,000/person, $5,000 maximum
Trip Interruption
$1,000/person, $5,000 maximum
Car Rental Damage & Theft
31 days, $65,000 car MSRP
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Airport Lounge - Dragon Pass
Discounted access to over 1300 airport lounges with Mastercard Travel Pass. Pass only, complimentary visits not included.
Roam Like Home Days
Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.

Eligibility

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

For Canadians who love snagging wholesale deals and buying in bulk, there's Costco. For Canadians who love optimizing Costco purchases, there's the Rogers Red World Elite Mastercard. Recognized as one of the top no-fee credit cards in Canada, the Rogers Red World Elite Mastercard earns solid cash back on all eligible non-U.S. dollar purchases if you have a qualifying service with Rogers, Fido, Shaw, or Comwave. This would be your Costco-optimizing category. For those who like to shop beyond the border, the Rogers Red World Elite Mastercard also earns cash back on eligible U.S. dollar purchases. In addition to a DragonPass membership and Roam Like Home days, cardholders receive comprehensive coverage, including trip interruption and trip cancellation insurance, which is rare for a no-fee credit card.

Bottom line: For Canadians who already pay for Rogers services, this card turns warehouse trips and everyday spending into cash back, plus it adds coverage and perks you’d normally pay an annual fee to receive.

Best Credit Card for Shopping: Neo World Elite Mastercard - Shop & Dine

Our choice for: Customers who spend heavily on dining, takeout, and retail shopping

4.6

Exclusive · From FinlyWealth$100 rebate

on Neo Financial's website

Welcome Bonus

N/A

Rewards Rate

1% - 5%

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

American Express Cobalt® Card

Our Rating

4.6/5

This card offers some of the highest cash back rates in Canada on dining, takeout, and retail shopping. Cardholders can also boost these earn categories and more when shopping at thousands of Neo Partners. These reward opportunities are accompanied by comprehensive travel insurance and benefits, making it a well-balanced premium contender.

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

Earn 5% every time you dine out or order in, and 3% on retail shopping — the card built for how you actually enjoy spending.

Expect:

5% cash back on food & drink up to $1000 spending per month
3% cash back on shopping up to $1000 spending per month
1% cash back on everything else
Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates

Eligible Cash Back Categories Explained:

Food & drink: Fast food, restaurants, bars, cocktail lounges, nightclubs, caterers
Shopping: Apparel, footwear, electronics, hardware, home & garden, sporting goods, cosmetics, pets, jewellery, and more
Amazon and wholesale purchases are not eligible for the shopping cashback rate

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
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.

Eligibility

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

Calling all foodies and shopaholics alike. The Neo World Elite Mastercard — Shop & Dine is truly the first of its kind. Alongside dining, this card optimizes shopping, which is unheard of among Canadian credit cards. Like most Neo credit cards, reward categories can be boosted when you purchase from Neo partners. In addition to cash back, cardholders enjoy comprehensive coverage and valuable perks like a DragonPass membership and no foreign transaction fees. The annual fee is also waived for the first year.

Bottom line: Before the Neo World Elite Mastercard — Shop & Dine, Canadian credit cards didn't explicitly optimize shopping, which is why this card takes first place in this category, satisfying appetites and those who constantly click "add to cart."

Best Dining Credit Card: American Express Cobalt Card

Our choice for: Best travel points earning credit card in Canada

4.9

Exclusive · From FinlyWealth$75 rebate

Apply with Confidence — won't impact your credit score

on American Express' website

Welcome Bonus

Up to 15,000 Membership Rewards® points

Rewards Rate

1x - 5x

Annual Fee

$191.88⁕

$15.99 Paid Monthly

⁕ For Quebec, $191.88/year

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

Simplii Financial™ Cash Back Visa* Card

Our Rating

4.9/5

This card was voted one of 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 amex cobalt bonus 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.

Awards & Recognition

Best Travel Rewards Credit Card

2026

Pros & Cons

Pros

Impressive optimization
1:1 Aeroplan point transfer
Generous welcome bonus
Flexible high value redemptions
Comprehensive coverage
Highly ranked
Instant decision. No credit impact.

Cons

Limited acceptance
Lacks valuable coverage categories

Card Details

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

Travel Medical Insurance (64 & under)
15 days, up to $5M (if under age 65)
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Common Carrier Travel Accident Insurance
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
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™

Eligibility

Credit Score
Good
Annual Income
N/A

Fees aside, the best dining credit card in Canada is the American Express Cobalt Card. This card racks up tons of American Express Membership Rewards points on eligible eats and drinks in Canada, including groceries and food delivery. The points you earn on each meal can be redeemed towards multiple high-value categories; the best of the bunch being travel.

Bottom line: The American Express Cobalt Card turns food purchases into future trips, benefitting both your stomach and your bucket list.

Best No-Fee Dining Credit Card: Simplii Financial Cash Back Visa Card

4.3

Exclusive · From FinlyWealth$50 rebate

on Simplii Financial™'s website

Welcome Bonus

20% cashback† up to $500 in spending

Rewards Rate

0.5% - 4%

Annual Fee

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

Exclusive · From FinlyWealth$150 rebate

Our Rating

4.3/5

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.

Awards & Recognition

Best Dining Cash Back Credit Card

2026

Pros & Cons

Pros

High restaurant optimization
Decent cashback rates
No annual fee

Cons

Basic insurance
No benefits
Capped rewards

Card Details

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 household

Want to avoid annual fees while you feast? Check out the Simplii Financial Cash Back Visa Card, another one of the top dining credit cards in Canada. This card earns plenty of cash back on eligible restaurant, bar, and coffee shop purchases, plus some cash back on gas, groceries, drugstore, and pre-authorized payments.

Bottom line: This card earns top place for affordable dining because it handsomely credits the cravings of budget-conscious foodies.

Best Luxury Travel Credit Card: American Express Platinum Card

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

4.6

Apply with Confidence — won't impact your credit score

on American Express' website

Welcome Bonus

Earn up to 100,000 Membership Rewards® points

Rewards Rate

1x - 2x

Annual Fee

$799

Interest Rates

21.99% - 30%* / N/A*

RECOMMENDED CREDIT SCORE

300

Poor

693

Fair

743⁎

Good

790⁎

Very Good

833⁎

Excellent

⁎Estimates based on TransUnion scoring

TD Aeroplan® Visa Infinite* Card

Our Rating

4.6/5

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.

Awards & Recognition

Best Lounge Access Credit Card

2026

Pros & Cons

Pros

Most premium perks
Dining and travel credits
Unlimited airport lounge access
Multiple redemption options
Comprehensive coverage
Luxurious metal card
Instant decision. No credit impact.

Cons

High annual fee
Limited acceptance
Benefit limitations

Card Details

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

Travel Medical Insurance (64 & under)
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
Common Carrier Travel Accident Insurance
$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 CollectionTM 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. Terms and Conditions apply
Travel Credit
$200
Dining Credit
$200 at Select Restaurants
Nexus Program Rebate
$100 statement credit every 4 years
Complimentary Hotel Benefits
Enjoy complimentary benefits that offer an average value of $550 USD at over 1,600 extraordinary properties worldwide when you book Fine Hotels + Resorts
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
Good
Annual Income
N/A

The American Express Platinum Card is the most premium travel contender. While cardholders collect decent American Express Membership Rewards points on dining and travel purchases, the card's biggest selling point is its perks. Travellers can expect multiple benefits like unlimited complimentary airport lounge access, travel and dining credits, hotel upgrades, and priority travel advantages. With all these exclusive add-ons, it's no wonder this card is considered to be one of the best perks credit cards in Canada and top lounge credit cards in Canada.

Bottom line: This card isn’t about the points, it’s about the experience. Lounge access, travel and dining credits, and hotel upgrades are what make the Amex Platinum worth carrying and what earns it a place in our 2027 ranking.

Best Aeroplan Credit Card: TD Aeroplan Visa Infinite Card

4.5

on TD's website

Welcome Bonus

Up to $1,550 in value† including up to 50,000 Aeroplan points† and a first-year Annual Fee rebate.

Rewards Rate

1x - 1.5x

Annual Fee

$139 $0

Interest Rates

21.99% / 22.99%□

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

American Express® Aeroplan®* Reserve Card

Our Rating

4.5/5

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 rebate, 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.

Awards & Recognition

Best Aeroplan Credit Card

2026

Pros & Cons

Pros

Decent rewards
First-year fee rebate
Comprehensive insurance
Impressive travel perks

Cons

Relatively lower reward rates
Limited airline loyalty
Annual fee
Income requirements

Card Details

Rewards

Earn 1.5 points^†for every $1 spent on eligible gas, electric vehicle charging, grocery and direct through Air Canada^®purchases (including Air Canada Vacations^®) made with your Card.
Earn 1 point^†for every $1 spent on all other Purchases made with your Card
Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 200+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore).
Your Aeroplan Points do not expire as long as you are a TD^® Aeroplan^® Visa Infinite* Cardholder in good standing.
Earn more at Starbucks: Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.

Insurance

Coverage

Travel Medical Insurance (64 & under)^†
21 days
Travel Medical Insurance (65 to 75)^†
4 days
Trip Cancellation^†
$1,500
Trip Interruption^†
$5,000
Flight Delay^†
$500
Baggage Delay^†
$1,000
Lost or Stolen Baggage^†
$1,000
Common Carrier Travel Accident Insurance^†
$500,000
Car Rental Damage & Theft^†
yes
Hotel Burglary Insurance^†
$2,500
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^†
Link your eligible Card to earn more Starbucks Stars at participating Starbucks stores. Conditions apply.  
Extra points^†
Earn points twice at over 150 Aeroplan partner brands and over 200 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
Good
Annual Income
$60,000 personal or $100,000 household

The TD Aeroplan Visa Infinite Card is the best overall choice for frequent Air Canada travel among leading Aeroplan credit cards in Canada. This card combines decent point optimization with extensive coverage and perks, including free first checked bags, a Nexus program rebate, and preferred pricing. Cardholders also receive a first-year annual fee waiver.

Bottom line: The TD Aeroplan Visa Infinite Card is a valuable yet relatively affordable Aeroplan option, making it the most well-rounded card in this category.

Best Premium Aeroplan Credit Card: American Express Aeroplan Reserve Card

Our choice for: Best premium card for Air Canada frequent travellers

4.7

Exclusive · From FinlyWealth$150 rebate

Apply with Confidence — won't impact your credit score

on American Express' website

Welcome Bonus

Earn up to 85,000 Aeroplan points.

Rewards Rate

1.25x - 3x

Annual Fee

See Rates

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

BMO VIPorter World Elite®* Mastercard®*

Our Rating

4.7/5

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 we 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

Pros

Generous rewards rate
Free checked bags
Preferred flight pricing
Unlimited airport lounge access
Extensive coverage
Instant decision. No credit impact.

Cons

Limited acceptance
Limited loyalty rewards
High annual fee
Limited lounge brand access

Card Details

Rewards

3x Aeroplan^® points per $1 spent on eligible Air Canada^® and Air Canada Vacations^® purchases
2x Aeroplan^® points per $1 spent on eligible dining & food delivery purchases
1.25x Aeroplan^® points per $1 spent on all other purchases

Insurance

Coverage

Travel Medical Insurance (64 & under)
15 days
Trip Cancellation
$1,500/person, $3,000/trip
Trip Interruption
$1,500/person, $6,000/trip
Flight Delay
$1,000/person after 4 hours
Baggage Delay
$1,000/person after 6 hours
Lost or Stolen Baggage
$1,000
Common Carrier Travel Accident Insurance
$500,000
Car Rental Damage & Theft
48 days
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

Free first checked bag
First checked bag is free for primary cardholder on Air Canada branded flight and up to 8 guests
Nexus Program Rebate
$100 every 4 years
Amex Experiences™
Amex Experiences™ opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more
Extra points
Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
Status lift
Complimentary upgrade to Avis® President's Club
Status lift
Get a 10% Head Start. Starting in 2027, eligible Basic Cardmembers with Aeroplan EliteTM* Status will receive a 10% head start toward qualification, based on Status Qualifying Credits (SQC) accumulated the year before. Roll over any unallocated unused eUpgrade Credits to the following year to enjoy during your travels
Status lift
Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.
Priority Travel
At Toronto Pearson airport get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking and car care.
Priority Travel
Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)
Airport Lounge - Priority Pass
Pass only. No Complimentary visits!
Airport Lounge - Maple Leaf and AirCanada Cafes
Unlimited Access for you and one guest
Companion Voucher
Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card
Free Extra Night at Hotels
Cardmembers can now get an extra night free for every 3 hotel nights redeemed with Aeroplan points. Enjoy even more at over 300,000 hotel properties worldwide

Eligibility

Credit Score
Good
Annual Income
N/A

The most upscale Aeroplan credit card in Canada is none other than the American Express Aeroplan Reserve Card. In addition to solid Aeroplan points earned on Air Canada purchases and dining, this competitor provides cardholders with comprehensive coverage and extensive travel perks. Perks include free first checked bags, a Nexus program rebate, an annual companion voucher, and unlimited access to Maple Leaf lounges and AirCanada Cafes.

Bottom line: For upper-tier Aeroplan advantages and the ultimate pampering, this card is the top pick.

Best Airline Loyalty Credit Card: BMO VIPorter World Elite Mastercard

Our choice for: Premium card for frequent Porter airline travelers

4.5

Exclusive · From FinlyWealth$125$200 rebate

on BMO's website

Limited offer · ends

Welcome Bonus

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

Rewards Rate

1x - 3x

Annual Fee

$199 $0

Interest Rates

21.99% / 23.99%□

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Our Rating

4.5/5

This is easily the best credit card in Canada for frequent Porter airline (and its partners) travelers. Earning 2x VIPorter points on common everyday purchases like groceries, dining and transportation is a massive benefit, allowing you to rack up points really fast and enjoy travel via Porter and it's airline partners. The premium benefits of this card make your travels smooth as you get priority security screening, early boarding and priority re-accommodation for flight delays, one complimentary checked bag, a carry-on bag with every fare type (including Basic), and complimentary PorterClassic seat selection.

Awards & Recognition

Best Airline Loyalty Credit Card

2026

Pros & Cons

Pros

First-year fee rebate
Generous welcome bonus
Solid everyday earning opportunities
Impressive Porter redemptions
Comprehensive coverage
Valuable travel perks

Cons

Higher annual fee
Companion pass spending requirement
Limited redemption opportunities
Spending caps
High income requirements

Card Details

Rewards

Earn 3 VIPorter points for every $1 spent on eligible Porter purchases via flyporter.com (up to $20,000 in spending annually)
Earn 2 VIPorter point for every $1 spent on eligible gas and transportation purchases (up to $5,000 in spending annually combined)
Earn 2 VIPorter point for every $1 spent on eligible groceries and dining purchases (up to $10,000 in spending annually combined)
Earn 2 VIPorter point for every $1 spent on eligible hotel accommodation purchases (up to $5,000 in spending annually)
Earn 1 VIPorter point for every $1 spent everywhere else
Primary cardholders will receive an annual companion pass after spending a minimum of $50,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first 365 days after the account open date. On the anniversary date of your card, the calculation of the purchases will reset to zero and primary cardholders must qualify again for the new annual period.

Insurance

Coverage

Extended Warranty
1 year
Purchase Protection
90 days
Travel Medical Insurance (64 & under)
Up to $5M per insured person, per trip, for 21 days per trip
Common Carrier Travel Accident Insurance
Up to $500,000 per insured person
Trip Cancellation
Up to $1,500 per insured person, per trip (maximum of $5,000 per trip for all insured persons combined)
Trip Interruption
$2,000 per insured person
Flight Delay
Up to a maximum of $500 per trip for all insured persons combined
Baggage Delay
Up to $500 per insured person, to a maximum of $1,000 per trip for all insured persons combined, for the purchase of essential items
Lost or Stolen Baggage
Up to $500 per insured person to a maximum of $1,000 per trip for all insured persons combined
Hotel Burglary Insurance
Up to $1,000 per occurrence for all insured persons combined
Car Rental Damage & Theft
Rental period up to 48 days, with a Manufacturer’s Suggested Retail Price (MSRP) of up to $65,000

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.*
Free first checked bag
1 complimentary checked bag as well as 1 complimentary carry-on bag on all Porter fare types up to 8 companions travelling on the same booking
Companion Voucher
A round-trip companion pass per year
Priority Travel
Priority check-in, security, and early boarding for up to 8 companions travelling on the same booking
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*
Mastercard On-Demand and Subscription Services
Discount
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

Eligibility

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

Besides Aeroplan, there are other airline loyalty credit cards worth considering. In this case, we're crowning the BMO VIPorter World Elite Mastercard our top airline loyalty contender. This card pulls in strong VIPorter points on Porter purchases, gas, transportation, groceries, dining, and hotel accommodations. These points can later be redeemed at a high value towards Porter airline and partner flights. The card's comprehensive insurance coverage is accompanied by valuable perks like complimentary airport lounge access, free first checked bags, an annual companion voucher, and priority airport advantages. To entice applicants even further, the annual fee is waived for the first year.

Bottom line: The BMO VIPorter World Elite Mastercard offers the most notable redemption value and perk repertoire across competing airline loyalty credit cards in Canada.

Best Fixed-Points Travel Credit Card: RBC Avion Visa Infinite Card

Our choice for: Best RBC travel credit card

RBC Avion Visa Infinite

4.4

on RBC's website

Welcome Bonus

Get up to 70,000 Avion points(1)

Rewards Rate

1x - 1.25x

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

National Bank World Elite® Mastercard®

Our Rating

4.4/5

The RBC Avion Visa Infinite is ideal for frequent travelers who want flexibility and value. It comes with a strong welcome bonus, earns 1–1.25 points per dollar on all purchases, and lets you redeem with no blackout dates on any airline or transfer to partners like British Airways Avios for outsized value. Add in comprehensive travel insurance, everyday perks like Petro-Canada and DoorDash savings, and you’ve got a well-rounded card that delivers consistent rewards and protection for a competitive annual fee.

Pros & Cons

Pros

Potential high point value
Comprehensive coverage
Petro Canada perks
Car rental discounts
Concierge services
DoorDash deals

Cons

Low base earn rate
Limited high redemptions
High income requirement
Annual fee

Card Details

Rewards

Earn 1.25 Avion points on travel related purchases including flights, hotels, car rentals, and more¹²
Earn 1 Avion point on your everyday purchases²

Insurance

Coverage

Purchase Protection⁷
90 days
Extended Warranty⁷
1 year
Mobile Device Insurance⁷
$1,500
Common Carrier Travel Accident Insurance⁷
$500,000
Travel Medical Insurance (64 & under)⁷
15 days
Travel Medical Insurance (65 to 75)⁷
3 days
Trip Interruption⁷
$5,000
Trip Cancellation⁷
$1,500
Hotel Burglary Insurance⁷
$2,500
Baggage Delay⁷
$500
Lost or Stolen Baggage⁷
$500
Flight Delay⁷
$500
Car Rental Damage & Theft⁷
yes

Benefits

Details

Gas Discount
save 3¢/L on fuel(4) and earn 20% more Petro-Points(5) and Avion points(6) at Petro-Canada
Car Rental Discount
Get up to 20% off at Hertz(10)
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall(13)
Concierge Services
Discount
Add your credit card to your DoorDash account and get a free 12-month DashPass subscription(16)

Eligibility

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

The RBC Avion Visa Infinite Card earns Avion points on travel-oriented purchases such as flights, hotels, and car rentals. Once you accumulate enough points, you can redeem them towards Avion's fixed point travel program at an impressive cent-per-point value. If the rewards program wasn't enough, cardholders can also expect extensive coverage and discounts on gas, rental cars, and DoorDash.

Bottom line: The RBC Avion Visa Infinite Card's redemption value for its fixed point travel program is above average, earning this contender its 2027 title.

Best Travel Credit Card for Quebec: National Bank World Elite Mastercard

4.6

Exclusive · From FinlyWealth$100 rebate

on National Bank's website

Welcome Bonus

N/A

Rewards Rate

1x - 5x

Annual Fee

$150

Interest Rates

20.99% / 22.49%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Scotiabank® Scene+ Visa Card for Students

Our Rating

4.6/5

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 & Cons

Pros

High earn rates
Annual travel credit
Comprehensive insurance
Unlimited airport lounge access

Cons

High income requirements
Annual fee

Card Details

Rewards

Earn up to 5 points per dollar in eligible grocery and restaurant purchases*
2 points per dollar in eligible gas and electric vehicle charging purchases, recurring bill payments and À la carte^TM travel purchases*
1 point per 1 dollar in other purchases

Insurance

Coverage

Purchase Protection^*
180 days
Extended Warranty^*
Up to 2 years
Travel Medical Insurance (54 & under)
60 days
Travel Medical Insurance (55 to 64)
31 days
Travel Medical Insurance (65 to 75)
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)

Eligibility

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

The National Bank World Elite Mastercard earns significant points per dollar spent on eligible grocery and restaurant purchases, plus decent points on eligible gas, electric vehicle charging, recurring bills, and À la carte travel purchases. Cardholders also receive notable travel coverage, like travel medical insurance for seniors. The card is especially valuable for those who fly out of Montréal-Trudeau Airport, as it offers unlimited access to the National Bank Lounge. The best part about this contender, however, is the fact that it comes with an annual travel credit that effectively offsets the card's yearly cost.

Bottom line: The National Bank World Elite Mastercard tops this category because of its optimization and particular value when flying out of Montréal-Trudeau Airport.

Best Student Points Credit Card: Scotiabank Scene+ Visa Card for Students

4.7

on Scotiabank's website

Welcome Bonus

Earn up to 5,000 bonus Scene+ points within your first 3 months.

Rewards Rate

1x - 2x

Annual Fee

Interest Rates

21.99%* / 22.99%*

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Students – BMO CashBack® Mastercard®*

Our Rating

4.7/5

This card allows students to pocket plenty of Scene+ points on everyday spending, especially within the first few months. With earning opportunities on grocery, home improvement, Cineplex, and travel purchases, this contender covers nearly all the bases. Basically, it's a great contender to get students excited about building credit.

Pros & Cons

Pros

No annual fee
Rewarding starter card
Shell fuel savings
Flexible redemptions

Cons

Limited bonus categories
Limited partner grocer rewards
Lacks travel insurance

Card Details

Rewards

Earn 2x Scene+ points on every $1 you spend at Sobeys, Safeway, IGA, Foodland, participating Co-ops, Freshco and more
Earn 2x Scene+ points for every $1 you spend on Home Hardware, Home Building Center, Home Furniture locations in Canada and online at homehardware.ca
Earn 2x Scene+ points for every $1 you spend at Cineplex theatres or online at cineplex.com
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
Rates, fees and other information are effective as of July 2, 2026. Subject to change.

Benefits

Details

Car Rental Discount
25% off base rate of Avis Rent A Car and Budget Rent A Car
Gas Discount²
Get up to 10¢/L in value on fuel purchases at Shell stations

Eligibility

Credit Score
Poor
Annual Income
N/A

This year, the best student credit card for collecting points is the Scotiabank Scene+ Visa Card for Students. This no-fee contender earns flexible Scene+ points on groceries, home improvement, entertainment, and travel — covering nearly all the bases for student spending. For students with a set of wheels, the card also comes with gas discounts at Shell stations, and if you don't own a car but plan on taking a spring break road trip, expect car rental discounts at Avis and Budget locations.

Bottom line: The Scotiabank Scene+ Visa Card for Students extracts the best point value and perks for those still in school.

Best Students Cash Back Credit Card: Students - BMO CashBack Mastercard

Our choice for: Highest cashback for students

4.8

on BMO's website

Welcome Bonus

5% cash back for the first 3 months, up to $2,500 in spend

Rewards Rate

0.5% - 3%

Annual Fee

Interest Rates

21.99% / 23.99%□

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Scotia Momentum® for business Visa* Card

Our Rating

4.8/5

We consider this card to be the best student credit card in Canada for it's competitive cashback rewards (3% on groceries, 1% on recurring bills), no annual fee and a generous welcome bonus. Plus, cashback redemption is flexible so no need to wait a year each time you want to get your cashback paid out.

Pros & Cons

Pros

No annual fee
Solid cashback optimization
Shell fuel discounts
Hotel booking discounts
Entertainment discounts

Cons

Low base earn rate
Limited insurance

Card Details

Rewards

3% cash back on grocery purchases (maximum $15 per statement)
1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
0.5% cash back on all other purchases

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
1 year

Benefits

Details

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.
Discount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
Discount
Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card. Terms apply.

Eligibility

Credit Score
Poor
Annual Income
N/A

The best student credit card in Canada for collecting cash back is the Students - BMO CashBack Mastercard, blending popular optimization with helpful benefits and coverage. This no-fee card boasts impressive cash back on grocery purchases, plus a bit of cash back on recurring purchases. Alongside purchase protection and extended warranty insurance, students can also expect a handful of perks like discounts on rental cars, Cirque du Soleil performances, hotels or property rentals booked through Booking.com, and Instacart.

Bottom line: The Students - BMO CashBack Mastercard is the best option for students who prefer cash back over points.

Best Business Cash Back Credit Card: Scotia Momentum for Business Visa Card

4.6

on Scotiabank's website

Welcome Bonus

5% cash back on up to $6,500 in purchases in the first 3 months.(1)

Rewards Rate

1% - 3%

Annual Fee

$79

Interest Rates

19.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Scotiabank Passport® Visa Infinite Business* Card

Our Rating

4.6/5

One of the strongest cashback cards for businesses that spend heavily on gas, dining, office supplies, and recurring payments — 3% back in those categories with a generous $50,000 annual cap. At just $79/year, it doesn’t take much spending to come out well ahead. The 1% base rate on everything else is decent too. It comes with a very strong cash back welcome bonus, and the promotional 2.99% balance transfer rate can be useful if you’re consolidating business debt. Skip this if you want travel perks or lounge access — it’s purely a cashback play, and a good one.

Pros & Cons

Pros

Strong cashback
High annual spending cap
Reasonable annual fee
Promotional balance transfer rate
Interest-free grace period
Low-fee employee cards
Visa SavingsEdge discounts
Extensive travel medical insurance

Cons

Foreign transaction fees
Limited travel perks
Annual redemption
Basic insurance

Card Details

Rewards

3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments²
2% Cash Back on Shipping and Accounting and Bookkeeping Services²
1% cash back on all other everyday purchases for your business²
25-day interest-free grace period on new purchases³

Insurance

Coverage

Extended Warranty
1 year
Purchase Protection
90 days
Travel Medical Insurance (64 & under)
Up to 8 days
Travel Medical Insurance (65 to 75)
Up to 3 days
Car Rental Damage & Theft
Yes

Eligibility

Credit Score
Good
Annual Income
N/A

This contender collects strong cash back on gas, dining, and office supplies, plus shipping, accountings, and bookkeeping services, effectively optimizing business road trips, client dinners, and office finances. Clients also receive a 25-day interest-free grace period on new purchases alongside notable coverage like travel medical and car rental damage and theft insurance. The card is also extremely affordable, with a relatively low annual fee.

Bottom line: The Scotia Momentum for Business Visa Card is the best business credit card in Canada because of its affordable and valuable everyday and office-oriented optimization.

Best Business Travel Credit Card: Scotiabank Passport Visa Infinite Business Card

Our choice for: Premium Travel Perks and No FX Fees

5.0

on Scotiabank's website

Welcome Bonus

Earn up to 40,000 bonus Scene+ points [1]

Rewards Rate

1.5x

Annual Fee

$199

Interest Rates

19.99% / 22.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

CIBC Dividend® Visa Infinite* Card

Our Rating

5/5

The standout feature is simple: no foreign transaction fees. For any business that regularly pays suppliers abroad, books international travel, or has USD expenses, this saves 2.5% on every foreign purchase — savings that add up fast. On top of that, you earn a flat 1.5 Scene+ points per dollar on everything with no caps or categories. The $199 fee is higher than average, but you get six airport lounge visits per year, solid travel insurance, and a 40,000-point welcome bonus. If your business spending is mostly domestic and you don’t travel, the fee is hard to justify. But for internationally active businesses, this is one of the best options in Canada.

Awards & Recognition

Best Business Credit Card

2026

Pros & Cons

Pros

No foreign transaction fees
Strong rewards
Generous welcome bonus
Airport lounge access
Shell Fuel Savings
Comprehensive travel coverage
Flexible redemptions
First additional card free
Visa Infinite benefits

Cons

Higher annual fee
Welcome bonus spending requirements
High income requirement
Additional card fees

Card Details

Rewards

Earn 1.5X the Scene+^TM‡ points for every $1 spent² on purchases for your business
Enjoy no Foreign Transaction Fees³ whether you make purchases online or outside of Canada

Insurance

Coverage

Travel Medical Insurance (64 & under)
$2M/insured up to 25 days
Travel Medical Insurance (65 to 75)
$2M/insured up to 10 days
Trip Cancellation
$2,500/person, $10,000/trip
Trip Interruption
$2,500/person, $10,000/trip
Flight Delay
$500/person after 4 hours
Lost or Stolen Baggage
$1,000
Baggage Delay
$1,000
Common Carrier Travel Accident Insurance
$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
Gas Discount⁴
Get up to 10¢/L in value with Shell Go+
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

If you're constantly taking business trips, the best business travel credit card in Canada is the Scotiabank Passport Visa Infinite Business Card. This card earns some Scene+ points on every business purchase. That said, the card primarily stands out for its extensive travel insurance, like trip interruption, trip cancellation, and travel medical insurance, plus its valuable perks like no-foreign transaction fees, complimentary airport lounge access, and an Avis Preferred Plus membership.

Bottom line: The Scotiabank Passport Visa Infinite Business Card earns the best business travel credit card award on account of its opulent travel coverage and perks.

Best Gas Credit Card: CIBC Dividend Visa Infinite Card

3.4

on CIBC's website

Welcome Bonus

Earn up to $350 in value†

Rewards Rate

1% - 4%

Annual Fee

$120 $0

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

RBC Visa Classic Low Rate Option

Our Rating

3.4/5

The CIBC Dividend® Visa Infinite Card* is an excellent choice for those who spend heavily on gas, EV charging, and groceries, offering one of the best cash back rates in those categories. The 10% cash back welcome offer sweetens the deal for new cardholders, though the high income requirements and annual fee may not make it the best fit for everyone. If you can meet the spending and income criteria, it provides solid value, especially with no limits on the total amount of cash back you can earn.

Pros & Cons

Pros

First-year fee rebate
High cashback rates
Unlimited cashback earnings
Fuel savings
Car rental discounts

Cons

High income requirements
Annual fee
Lower insurance coverage

Card Details

Rewards

4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
1% cashback on all other credit card purchases.

Insurance

Coverage

Travel Medical Insurance (64 & under)
$5 Million per person, per trip. 10 day coverage
Car Rental Damage & Theft
$65K
Common Carrier Travel Accident Insurance
$500K
Mobile Device Insurance
$1000 per person, per occurrence
Purchase Protection
90 days
Extended Warranty
Up to a year

Benefits

Details

Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.

Eligibility

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

To optimize trips to the pump, we recommend the CIBC Dividend Visa Infinite Card, one of the best gas credit cards in Canada. Not only does this card earn commendable cash back on gas, it also provides cardholders with savings on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations. The card also optimizes groceries, transportation, dining, and recurring payments and includes decent coverage and car rental discounts.

Bottom line: The CIBC Dividend Visa Infinite earns its spot by pairing strong cash back on gas with extra per-litre savings at participating gas stations.

Best Low-Interest Credit Card: RBC Visa Classic Low Rate Option

4.8

on RBC's website

Welcome Bonus

Enjoy a 0.99% introductory interest rate for the first 10 months on balance transfers^ and no annual fee for the first year*. Apply by November 4 2026.

Rewards Rate

N/A

Annual Fee

$20 $0

Interest Rates

12.99% / 14.99%

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

BMO Preferred Rate Mastercard®*

Our Rating

4.8/5

A low-interest credit card in case you want to carry a balance every month. This card provides no rewards on purchases, however comes with a relatively lower interest rate compared to many other credit cards, so if you're unable to pay your balance in full every month, this card will save you a lot of money in interest payments.

Awards & Recognition

Best Low Interest Credit Card

2026

Pros & Cons

Pros

Low annual fee
Lower interest rates
Low interest welcome bonus
first-year fee rebate

Cons

No rewards

Card Details

Rewards

Get a low, fixed annual interest rate of 12.99% on purchases and 14.99% on cash advances including balance transfers¹.
Your RBC Visa Classic Low Rate Option card includes purchase security and extended warranty insurance coverage⁴.
Get special partner offers from brands like Petro Canada, Rexall and DoorDash.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Doubled Up to 1 year

Benefits

Details

Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
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
Discount
Get a 6-month complimentary DashPass subscription — a value of almost $60. Plus, enjoy unlimited deliveries when $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.

Eligibility

Credit Score
Good
Annual Income
N/A

Maybe your focus is less on luxury and more on low-interest. If so, the RBC Visa Classic Low Rate Option is best low-interest credit card in Canada. This competitor comes with an ultra-low introductory interest rate for the first several months on balance transfers, plus no first-year annual fee. Beyond the promotional period, interest rates on balance transfers remain relatively low, alongside purchases and cash advances. The value of this card is bulked up by benefits like extra Be Well points on Rexall purchases, gas discounts, and bonus Petro and Avion points at Petro-Canada, not to mention a discount on a DashPass subscription.

Bottom line: The RBC Visa Classic Low Rate Option prevails over other top low-interest credit cards in Canada because it offers a low balance transfer promotional rate, all-time low interest rates, and decent benefits and coverage — all for no annual fee.

Best Balance Transfer Credit Card: BMO Preferred Rate Mastercard

Our choice for: Low interest

4.5

on BMO's website

Welcome Bonus

Get a 0% introductory interest rate on Balance Transfers for 18 months with a 3% transfer fee and a $29 first-year annual fee rebate.*

Rewards Rate

No Rewards

Annual Fee

$29 $0

Interest Rates

13.99%* / 15.99%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Our Rating

4.5/5

If you plan to carry a balance on your credit card, this card offers a very low interest rate. However, there are other cards with no annual fee and slightly lower interest rates that you might want to consider as well.

Pros & Cons

Pros

Low interest rates
Balance transfer welcome bonus

Cons

Annual fee
Lacks significant benefits

Card Details

Rewards

No rewards earned on this card

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Doubled up to 1 year

Benefits

Details

Discount
Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

Eligibility

Credit Score
Good
Annual Income
N/A

If balance transfers are your top concern, the BMO Preferred Rate Mastercard stands out among the best balance transfer credit cards in Canada. This competitor offers a zero-interest promotional period on balance transfers for over a year, combined with a first-year annual fee rebate. After the promotional period expires, interest rates remain low. For some added value, cardholders also receive purchase protection and extended warranty insurance, plus an Instacart discount.

Bottom line: The BMO Preferred Rate Mastercard is the best balance transfer credit card in Canada because it provides the longest zero-interest promotional period alongside low interest rates overall.

Best Secured Credit Card: Neo Secured Mastercard

Our choice for: Guaranteed approval and earning cashback

Neo Secured Mastercard®

Neo Secured Mastercard®

4.5

Exclusive · From FinlyWealth$50 rebate

on Neo Financial's website

Welcome Bonus

$25 bonus upon approval for new clients

Rewards Rate

0% - 1%

Annual Fee

$119.88

$9.99 Paid Monthly

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

KOHO Everything Mastercard

Our Rating

4.5/5

If you have a poor credit score and are looking to rebuild it with a secured card, then the Neo Financial Secured Credit Card is the best card to go for. This card offers so much more compared to other secured credit cards on the market, including a low deposit amount needed to get started, and it is the only credit card that offers some rewards on your purchases!

Awards & Recognition

Best Secured Credit Card

2026

Pros & Cons

Pros

Low minimum deposit
High partner cashback rates
Instant approval
Credit-building tools
No income requirements
No credit score requirements

Cons

Potentially high interest rates
Monthly fee

Card Details

Rewards

Up to 15% cash back at thousands of partners across Canada

Eligibility

Credit Score
Poor
Annual Income
N/A

If you're looking to build credit by putting down an upfront deposit, then a secured credit card is the way to go. For those looking for the best secured credit card in Canada, this award goes to the Neo Secured Mastercard. All you need is a small deposit to get started and no annual income requirements. Unlike other secured credit cards, you'll also earn cash back at thousands of Neo partners across Canada.

Bottom line: The Neo Secured Mastercard is crowned the best secured credit card in Canada because of its accessibility and partner cash back opportunities.

Best Prepaid Credit Card: KOHO Everything Mastercard

4.6

Exclusive · From FinlyWealth$75 rebate

on KOHO's website

Finly Special Offer

Welcome Bonus

New clients can earn 10% cash back* using promo code FW10C26

Rewards Rate

0.5% - 6.5%

Annual Fee

$177

Interest Rates

N/A / N/A

RECOMMENDED CREDIT SCORE

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring