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.
Credit & Income Info
Income
Personal
N/A
Household
N/A
Net Annual Rewards
Credit Cards (112)
Your rewards based on $2,000 in average spendingFirst 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
Card Type
Points
Institution
American Express
Card Network
Amex Canada
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
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
Emergency Out of province Medical
15 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Benefits
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 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
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
Card Type
Points
Institution
American Express
Card Network
Amex Canada
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
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
Emergency Out of province Medical
15 days
Flight Delay
$500
Baggage Delay
$500
Hotel Burglary Insurance
$500
Lost or Stolen Baggage
$500
Travel Accident
$250,000
Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Benefits
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 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
Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Benefits
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American ExpressĀ® Experiences
Concierge Services
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.

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

$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
Emergency Out of province Medical
$1M, Up to 25 days
Emergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1500/person, $10000/trip
Trip Interruption
$1500/person, $10,000/trip
Lost or Stolen Baggage
$500/person, $1000/trip
Baggage Delay
$500/person, $1,000/trip After 4 hours
Flight Delay
$500/person
Travel Accident
$500K/person, $1M/occurrence
Car Rental Damage & Theft
$65K up to 48 days
Hotel Burglary Insurance
$1000/occurrence
Mobile Device Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
Up to 1 year
Benefits
No Foreign Transaction Fees
Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD
American ExpressĀ® Experiences
Concierge Services
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.

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
Emergency Out of province Medical
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500
Baggage Delay
$1,000
Lost or Stolen Baggage
$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
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 EliteĀ® MastercardĀ®
First Year Value:
$623.18

$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)