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?
More details on the tool
More details on the tool
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.
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Rewards Calculator Algorithm
You can estimate your rewards by inputting your monthly or yearly spending habits.
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.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
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
$
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.
Credit & Income Info
Income
Personal
N/A
Household
N/A
Net Annual Rewards
Credit Cards (115)
Your rewards based on $2,000 in average spendingAmerican Express Cobalt® 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 Rewards® 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
Card Type
PointsInstitution
American ExpressCard Network
Amex Canada
Fees
Annual Fee
$155.8First Year Free
NoAdditional Card Fee
$0
Interest Rates
Purchase
21.99%1Cash Advance
21.99%1Balance Transfer
N/A
Eligibility
Estimated Credit Score
GoodMin Income - Personal
N/AMin 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 Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year
Insurance
Coverage
Emergency Out of province Medical
15 days
Flight Delay
$500Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000.svg)
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Benefits
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™.svg)
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 Aeroplan® 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 Aeroplan® at a 1:1 ratio, making this card a solid Aeroplan® points earner as an alternative to Aeroplan® 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 Cobalt® Card
First Year Value:
$1,255.2
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 Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year
Card Information
Card Type
PointsInstitution
American ExpressCard Network
Amex Canada
Fees
Annual Fee
$155.8First Year Free
NoAdditional Card Fee
$0
Interest Rates
Purchase
21.99%1Cash Advance
21.99%1Balance Transfer
N/A
Eligibility
Estimated Credit Score
GoodMin Income - Personal
N/AMin 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 Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card in the first Year
Insurance
Coverage
Emergency Out of province Medical
15 daysFlight Delay
$500Baggage Delay
$500Hotel Burglary Insurance
$500Lost or Stolen Baggage
$500Travel Accident
$250,000Car Rental Damage & Theft
yesMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits
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™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 Aeroplan® 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 Aeroplan® at a 1:1 ratio, making this card a solid Aeroplan® points earner as an alternative to Aeroplan® 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 Express® Card
First Year Value:
$1,094.5
Annual Fee
$120
$0
Learn More
First Year Bonus
$450
Modify spending to satisfy bonus requirement
Net Annual Rewards
$524.5
Annual fee deducted
Earn 25,000 bonus Scene+ points by making at least $1,000 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.
4.9/5
Our Rating
Card Information
Card Type
PointsInstitution
ScotiabankCard Network
Amex CanadaLoyalty
Fees
Annual Fee
$120First Year Free
YesAdditional Card Fee
$29
Interest Rates
Purchase
20.99%Cash Advance
22.99%Balance Transfer
22.99%
Eligibility
Estimated Credit Score
GoodMin Income - Personal
$12,000Min Income - Household
$12,000
How to earn rewards
- 6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
- 5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
- 3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
- 3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
- 1 Point per $1 spent on all other eligible purchases
Welcome Bonus
Earn 25,000 bonus Scene+ points by making at least $1,000 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
Emergency Out of province Medical
$1M, Up to 25 daysEmergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/tripLost or Stolen Baggage
$500/person, $1000/tripBaggage Delay
$500/person, $1,000/trip After 4 hoursFlight Delay
$500/personTravel Accident
$500K/person, $1M/occurrenceCar Rental Damage & Theft
$65K up to 48 daysHotel Burglary Insurance
$1000/occurrenceMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CADAmerican Express® Experiences
.svg)
Concierge Services
Discount
Discount on PriorityPass Membership
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. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
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 Express® Card
First Year Value:
$1,094.5
4.9/5
Annual Fee
$120
$0
Learn More
First Year Bonus
$450
Modify spending to satisfy bonus requirement
Net Annual Rewards
$524.5
Annual fee deducted
Earn 25,000 bonus Scene+ points by making at least $1,000 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.
Card Information
Card Type
PointsInstitution
ScotiabankCard Network
Amex CanadaLoyalty
Fees
Annual Fee
$120First Year Free
YesAdditional Card Fee
$29
Interest Rates
Purchase
20.99%Cash Advance
22.99%Balance Transfer
22.99%
Eligibility
Estimated Credit Score
GoodMin Income - Personal
$12,000Min Income - Household
$12,000
How to earn rewards
- 6 Points per $1 spent at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
- 5 Points per $1 spent on eligible dining, other grocery stores, entertainment purchases including movies, theatre, and ticket agencies
- 3 Points per $1 spent on rides which includes rideshare, buses, taxis, subways and more
- 3 Points per $1 spent on eligible streaming service payments (Netflix, Spotify, Disney+, Crave and more)
- 1 Point per $1 spent on all other eligible purchases
Welcome Bonus
Earn 25,000 bonus Scene+ points by making at least $1,000 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
Emergency Out of province Medical
$1M, Up to 25 daysEmergency Medical Over 65
$1M, Up to 3 daysTrip Cancellation
$1500/person, $10000/tripTrip Interruption
$1500/person, $10,000/tripLost or Stolen Baggage
$500/person, $1000/tripBaggage Delay
$500/person, $1,000/trip After 4 hoursFlight Delay
$500/personTravel Accident
$500K/person, $1M/occurrenceCar Rental Damage & Theft
$65K up to 48 daysHotel Burglary Insurance
$1000/occurrenceMobile Device Insurance
$1,000Purchase Protection
90 daysExtended Warranty
Up to 1 year
Benefits
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CADAmerican Express® Experiences
Concierge Services
Discount
Discount on PriorityPass Membership
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. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.
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 Elite® Mastercard®
First Year Value:
$592.21
Annual Fee
$125
$0
Learn More
First Year Bonus
$0
Modify spending to satisfy bonus requirement
Net Annual Rewards
$492.21
Annual fee deducted
4.6/5
Our Rating
Card Information
Card Type
Cash BackInstitution
Neo FinancialCard Network
MastercardLoyalty
Cash Back
Fees
Annual Fee
$125First Year Free
NoAdditional 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
GoodMin Income - Personal
$80,000Min Income - Household
$150,000
How to earn rewards
- 5% cash back on grocery purchases up to $12,000 spending per year (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 $6,000 spending per year (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 $12,000 spending per year (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 up to $40,000 spending per year
- 5% average cash back at Neo Partners
Welcome Bonus
N/A
Insurance
Coverage
Emergency Out of province Medical
Up to $1,000,000Trip Cancellation
$1,000Trip Interruption
$1,000Flight Delay
$500Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent ChildCar Rental Damage & Theft
Yes.svg)
Car Rental Personal Effects
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
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 Elite® Mastercard®
First Year Value:
$592.21
$100
4.6/5
Annual Fee
$125
$0
Learn More
First Year Bonus
$0
Modify spending to satisfy bonus requirement
Net Annual Rewards
$492.21
Annual fee deducted
Card Information
Card Type
Cash BackInstitution
Neo FinancialCard Network
MastercardLoyalty
Cash Back
Fees
Annual Fee
$125First Year Free
NoAdditional 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
GoodMin Income - Personal
$80,000Min Income - Household
$150,000
How to earn rewards
- 5% cash back on grocery purchases up to $12,000 spending per year (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 $6,000 spending per year (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 $12,000 spending per year (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 up to $40,000 spending per year
- 5% average cash back at Neo Partners
Welcome Bonus
N/A
Insurance
Coverage
Emergency Out of province Medical
Up to $1,000,000Trip Cancellation
$1,000Trip Interruption
$1,000Flight Delay
$500Baggage Delay
$1,000Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$1,000Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent ChildCar Rental Damage & Theft
YesCar Rental Personal Effects
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
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
MBNA Rewards World Elite® Mastercard®
First Year Value:
$777.84
Annual Fee
$120
$0
Learn More
First Year Bonus
$300
Modify spending to satisfy bonus requirement
Net Annual Rewards
$477.84
Annual fee deducted
10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening
4.7/5
Our Rating
Card Information
Card Type
PointsInstitution
MBNACard Network
MastercardLoyalty
Fees
Annual Fee
$120First Year Free
NoAdditional Card Fee
$50
Interest Rates
Purchase
19.99%Cash Advance
24.99%Balance Transfer
N/A
Eligibility
Estimated Credit Score
Very GoodMin Income - Personal
$80,000Min Income - Household
$150,000
How to earn rewards
- 5 points on restaurant, grocery, digital media, membership, and household utility purchases (maximum $50,000 spend annually per category)
- 1 point for everything else
Welcome Bonus
10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening
Insurance
Coverage
Mobile Device Insurance
$1000Purchase Protection
Up to 90 daysExtended Warranty
Up to a yearCar Rental Damage & Theft
31 daysFlight Delay
$500/person after 4 hoursTravel Accident
$1,000,000Emergency Out of province Medical
$2M for 21 daysLost or Stolen Baggage
$1000/personBaggage Delay
$1000/person
Benefits
Annual Birthday Bonus
10% of the Points earned the 12 months prior to the primary cardholder's birthday month (up to a max 15,000 bonus points per year)
Car Rental Discount
10% off base rate of Avis Rent A Car and Budget Rent A Car in Canada and US and 5% internationally
Trip and legal Assistance
Concierge Services
Price Protection
$500/item, $1000/account per year
The MBNA Rewards World Elite® Mastercard® is one of the best reward credit cards in Canada, offering high rewards on frequently spent categories such as groceries and restaurant purchases. The annual birthday bonus, unique to this card, also provides a significant boost to your yearly earnings. Additionally, the card features a comprehensive list of benefits, including price protection—a rare and valuable perk not found with many other cards in Canada. These factors make this card one of the best to have in Canada.
Pros
- Both restaurants and groceries, two of the most commonly spent categories, earn decent rewards.
- Great annual birthday bonus with up to $150 in value.
- A solid list of travel insurance and benefits.
- Price protection, a rare feature not offered by many other cards.
- Good value for many of the card's redemption options.
Cons
- Trip cancellation and interruption insurance, two great benefits are missing from this card.
- Not the best card for gas purchases.
MBNA Rewards World Elite® Mastercard®
First Year Value:
$777.84
4.7/5
Annual Fee
$120
$0
Learn More
First Year Bonus
$300
Modify spending to satisfy bonus requirement
Net Annual Rewards
$477.84
Annual fee deducted
10,000 points for going Paperless. 20,000 points after spending $2,000 after 90 days of account opening
Card Information
Card Type
PointsInstitution
MBNACard Network
MastercardLoyalty
Fees
Annual Fee
$120