Compare Credit Cards in Canada and Find the Best Credit Card for You

Finly offers the most personalized and advanced solution to What credit card is best for me?

We've implemented extensive features in our tool to help you find your best credit cards.

Compare and Find

We've gathered nearly all credit cards in Canada into one place, complete with their details about benefits, insurance options, rewards, and requirements. You can input specific information about yourself to quickly narrow down the best credit cards.

Rewards Calculator

FinlyWealth's Advanced Calculator tool provides a clear estimate of the cashback or points you can earn with each card. Since rewards are often the most significant differentiating factor for many people when choosing a card, we have focused on making this feature as accurate as possible, whether you are seeking the best points-based or cashback credit card.

Compare Credit Cards

Rewards Calculator Algorithm

You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.

Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.

Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

$

Gas

$

Transportation

$

Entertainment (Movies, Concerts, etc.)

$

Foreign Purchases (Non $CAD)

$

Travel (Flights, Hotels, etc.)

$

Pharmacy

$

Online Shopping

$

Home Improvement (Renovation, Furniture)

$

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

$

Other Purchases Not Specified

$

Linked Credit Cards

Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.


Credit Card Preferences

Cash Back or Points

Annual Fee

Special Rebates


Subscription Bonuses

Select all options which you're currently subscribed to (i.e. account owner). The corresponding card reward values will change based on your selection.

rogers

Primary Rogers, Fido or Shaw service account owner


amazon-prime

Amazon Prime


tangerine

Tangerine Savings Account


Credit & Income Info

Credit Score

Income

Personal

Household



Credit Cards (112)

Your rewards based on $2,000 in average spending

American Express CobaltĀ® Card

American Express CobaltĀ® Card

First Year Value:

$1,255.2

Annual Fee

$155.8

$0

Learn More

First Year Bonus

$315

Modify spending to satisfy bonus requirement

Net Annual Rewards

$940.2

Annual fee deducted

Earn 1,250 Membership RewardsĀ® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

5/5

Our Rating

Card Information


Fees

  • Annual Fee

    $155.8

  • First Year Free

    No

  • Additional Card Fee

    $0


Interest Rates

  • Purchase

    21.99%1

  • Cash Advance

    21.99%1

  • Balance Transfer

    N/A

1 If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

  • Estimated Credit Score

    Good

  • Min Income - Personal

    N/A

  • Min Income - Household

    N/A

How to earn 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

Welcome Bonus

Earn 1,250 Membership RewardsĀ® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    15 days

  • hourglass timer

    Flight Delay

    $500

  • hourglass timer

    Baggage Delay

    $500

  • burglar

    Hotel Burglary Insurance

    $500

  • lost baggage

    Lost or Stolen Baggage

    $500

  • heart lock

    Travel Accident

    $250,000

  • car insurance

    Car Rental Damage & Theft

    yes

  • mobile device insurance

    Mobile Device Insurance

    $1,000

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    Up to 1 year


Benefits

  • Amex logo

    Amex Experiencesā„¢

    Access Front Of The LineĀ® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiencesā„¢

  • travel

    Travel Credit

    Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.

This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, this card has a good benefits coverage, a flexible points redemption program (1:1 transfer to AeroplanĀ® or Avios), making it the best candidate to become the main credit card for the majority of people.

Pros

  • Points can be transferred to Air Canada AeroplanĀ® at a 1:1 ratio, making this card a solid AeroplanĀ® points earner as an alternative to AeroplanĀ® branded credit cards
  • Generous welcome bonus of up to 15,000 points
  • 4+ different ways of redeeming your points for great value
  • 10 different types of insurance, including travel
  • Often referred to as the Best Credit Card in Canada

Cons

  • Less acceptance of American Express at different merchants across Canada
  • Not all types of travel insurance are covered, especially trip cancellation and interruption insurance

American Express CobaltĀ® Card

First Year Value:

$1,255.2

American Express CobaltĀ® Card

5/5

Annual Fee

$155.8

$0

Learn More

First Year Bonus

$315

Modify spending to satisfy bonus requirement

Net Annual Rewards

$940.2

Annual fee deducted

Earn 1,250 Membership RewardsĀ® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year



Card Information


Fees

  • Annual Fee

    $155.8

  • First Year Free

    No

  • Additional Card Fee

    $0


Interest Rates

  • Purchase

    21.99%1

  • Cash Advance

    21.99%1

  • Balance Transfer

    N/A

1 If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

Eligibility

  • Estimated Credit Score

    Good

  • Min Income - Personal

    N/A

  • Min Income - Household

    N/A

How to earn 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

Welcome Bonus

Earn 1,250 Membership RewardsĀ® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    15 days

  • hourglass timer

    Flight Delay

    $500

  • hourglass timer

    Baggage Delay

    $500

  • burglar

    Hotel Burglary Insurance

    $500

  • lost baggage

    Lost or Stolen Baggage

    $500

  • heart lock

    Travel Accident

    $250,000

  • car insurance

    Car Rental Damage & Theft

    yes

  • mobile device insurance

    Mobile Device Insurance

    $1,000

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    Up to 1 year


Benefits

  • Amex logo

    Amex Experiencesā„¢

    Access Front Of The LineĀ® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex Experiencesā„¢

  • travel

    Travel Credit

    Book two or more consecutive nights at participating properties through The Hotel Collection with American Express Travel to receive a $100 credit for amenities or a complimentary room upgrade, if available.

This card was voted the Best Credit Card in Canada by FinlyWealth. The rewards earned on this card for a person with average spending exceed those of other credit cards in Canada by a huge margin! In addition, this card has a good benefits coverage, a flexible points redemption program (1:1 transfer to AeroplanĀ® or Avios), making it the best candidate to become the main credit card for the majority of people.

Pros

  • Points can be transferred to Air Canada AeroplanĀ® at a 1:1 ratio, making this card a solid AeroplanĀ® points earner as an alternative to AeroplanĀ® branded credit cards
  • Generous welcome bonus of up to 15,000 points
  • 4+ different ways of redeeming your points for great value
  • 10 different types of insurance, including travel
  • Often referred to as the Best Credit Card in Canada

Cons

  • Less acceptance of American Express at different merchants across Canada
  • Not all types of travel insurance are covered, especially trip cancellation and interruption insurance

Scotiabank Gold American ExpressĀ® Card

First Year Value:

$1,024.5

Annual Fee

$120

$0

Learn More

First Year Bonus

$400

Modify spending to satisfy bonus requirement

Net Annual Rewards

$524.5

Annual fee deducted

4.9/5

Our Rating

Card Information

  • Card Type

    Points

  • Institution

    Scotiabank

  • Card Network

    Amex Canada

  • Loyalty


Fees

  • Annual Fee

    $120

  • First Year Free

    No

  • Additional Card Fee

    $29


Interest Rates

  • Purchase

    20.99%

  • Cash Advance

    22.99%

  • Balance Transfer

    22.99%


Eligibility

  • Estimated Credit Score

    Good

  • Min Income - Personal

    $12,000

  • Min Income - Household

    $12,000

How to earn 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

Welcome Bonus

Earn 20,000 bonus Scene+ points by making at least $2,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    $1M, Up to 25 days

  • travel accident medical

    Emergency Medical Over 65

    $1M, Up to 3 days

  • cancel airplane

    Trip Cancellation

    $1500/person, $10000/trip

  • pause

    Trip Interruption

    $1500/person, $10,000/trip

  • lost baggage

    Lost or Stolen Baggage

    $500/person, $1000/trip

  • hourglass timer

    Baggage Delay

    $500/person, $1,000/trip After 4 hours

  • hourglass timer

    Flight Delay

    $500/person

  • heart lock

    Travel Accident

    $500K/person, $1M/occurrence

  • car insurance

    Car Rental Damage & Theft

    $65K up to 48 days

  • burglar

    Hotel Burglary Insurance

    $1000/occurrence

  • mobile device insurance

    Mobile Device Insurance

    $1,000

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    Up to 1 year


Benefits

  • exchange money

    No Foreign Transaction Fees

    Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD

  • Amex logo

    American ExpressĀ® Experiences

  • concierge

    Concierge Services

  • discount

    Discount

    Discount on PriorityPass Membership

The Scotiabank Gold American ExpressĀ® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.

Best Overall Travel Credit Card in 2024

Pros

  • No foreign transaction fee saves you 2.5% on all non-CAD purchases.
  • Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
  • Comprehensive coverage of all travel insurance.

Cons

  • The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
  • Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

Scotiabank Gold American ExpressĀ® Card

First Year Value:

$1,024.5

Scotiabank Gold American ExpressĀ® Card

$100

4.9/5

Annual Fee

$120

$0

Learn More

First Year Bonus

$400

Modify spending to satisfy bonus requirement

Net Annual Rewards

$524.5

Annual fee deducted



Card Information

  • Card Type

    Points

  • Institution

    Scotiabank

  • Card Network

    Amex Canada

  • Loyalty


Fees

  • Annual Fee

    $120

  • First Year Free

    No

  • Additional Card Fee

    $29


Interest Rates

  • Purchase

    20.99%

  • Cash Advance

    22.99%

  • Balance Transfer

    22.99%


Eligibility

  • Estimated Credit Score

    Good

  • Min Income - Personal

    $12,000

  • Min Income - Household

    $12,000

How to earn 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

Welcome Bonus

Earn 20,000 bonus Scene+ points by making at least $2,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    $1M, Up to 25 days

  • travel accident medical

    Emergency Medical Over 65

    $1M, Up to 3 days

  • cancel airplane

    Trip Cancellation

    $1500/person, $10000/trip

  • pause

    Trip Interruption

    $1500/person, $10,000/trip

  • lost baggage

    Lost or Stolen Baggage

    $500/person, $1000/trip

  • hourglass timer

    Baggage Delay

    $500/person, $1,000/trip After 4 hours

  • hourglass timer

    Flight Delay

    $500/person

  • heart lock

    Travel Accident

    $500K/person, $1M/occurrence

  • car insurance

    Car Rental Damage & Theft

    $65K up to 48 days

  • burglar

    Hotel Burglary Insurance

    $1000/occurrence

  • mobile device insurance

    Mobile Device Insurance

    $1,000

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    Up to 1 year


Benefits

  • exchange money

    No Foreign Transaction Fees

    Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD

  • Amex logo

    American ExpressĀ® Experiences

  • concierge

    Concierge Services

  • discount

    Discount

    Discount on PriorityPass Membership

The Scotiabank Gold American ExpressĀ® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.

Best Overall Travel Credit Card in 2024

Pros

  • No foreign transaction fee saves you 2.5% on all non-CAD purchases.
  • Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
  • Comprehensive coverage of all travel insurance.

Cons

  • The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
  • Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.

Neo World EliteĀ® MastercardĀ®

First Year Value:

$623.18

Annual Fee

$125

$0

Learn More

First Year Bonus

$0

Modify spending to satisfy bonus requirement

Net Annual Rewards

$498.18

Annual fee deducted

4.6/5

Our Rating

Card Information

  • Card Type

    Cash Back

  • Institution

    Neo Financial

  • Card Network

    Mastercard

  • Loyalty

    Cash Back


Fees

  • Annual Fee

    $125

  • First Year Free

    No

  • Additional Card Fee

    N/A


Interest Rates

  • Purchase

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

  • Cash Advance

    22.99% - 28.99%

  • Balance Transfer

    N/A


Eligibility

  • Estimated Credit Score

    Good

  • Min Income - Personal

    $80,000

  • Min Income - Household

    $150,000

How to earn rewards

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

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


Welcome Bonus

N/A

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    Up to $1,000,000

  • cancel airplane

    Trip Cancellation

    $1,000

  • pause

    Trip Interruption

    $1,000

  • hourglass timer

    Flight Delay

    $500

  • hourglass timer

    Baggage Delay

    $1,000

  • lost baggage

    Lost or Stolen Baggage

    $1,000

  • burglar

    Hotel Burglary Insurance

    $1,000

  • car accident

    Car Rental Accident

    $100,000 for cardholder, up to $10,000 per Spouse or Dependent Child

  • car insurance

    Car Rental Damage & Theft

    Yes

  • luggage insurance

    Car Rental Personal Effects

    $1,000

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    1 year


Benefits

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only - pay $32 USD per visit

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

Pros

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

Cons

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

Neo World EliteĀ® MastercardĀ®

First Year Value:

$623.18

Neo World EliteĀ® MastercardĀ®

$125

4.6/5

Annual Fee

$125

$0

Learn More

First Year Bonus

$0

Modify spending to satisfy bonus requirement

Net Annual Rewards

$498.18

Annual fee deducted



Card Information

  • Card Type

    Cash Back

  • Institution

    Neo Financial

  • Card Network

    Mastercard

  • Loyalty

    Cash Back


Fees

  • Annual Fee

    $125

  • First Year Free

    No

  • Additional Card Fee

    N/A


Interest Rates

  • Purchase

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