Best Credit Cards in Canada - 2024's Best Credit Cards

• Welcome bonus  Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
• No-nonsense rewards Rewards are clear, transparent, easy to earn and easy to redeem. Cash back rewards are paid out annually either as a deposit to eligible chequing or savings account or credited to your credit card statement.
• Enhanced insurance package The improved insurance package is comparable with other more premium cards. It provides comprehensive coverage on travel, including rental car collision loss or damage as well as purchase security and extended warranty protection.
• Additional Perks. Obtain exclusive offers from Scotiabank including concierge service, competitive hotel rates and upgrades, and access to dining and wine country programs.
• Annual Fee. Gain access to all of the above perks at the cost of $120 per year.(Currently,there is No annual fee in the first year, including on supplementary cards)

Excellent credit card with outstanding benefits and full insurance coverage.

The Scotia Momentum Visa Infinite card was the winner of the MoneySense best cashback card in 2021 - and for good reasons! Card holders earn cash back on all purchases at varying rates. There are also other perks of card ownership including access to exclusive Scotiabank events and offers, plus ample insurance coverage.

• Special Welcome Offer. During the first three months of card ownership, earn a whopping 10% cash back on all purchases. This rate is only applicable for the first $2,000 of purchases.
• Tiered Cash Back Rates. Earn 4% cash back for every dollar spent on groceries and recurring bill payments. Earn 2% cash back for every dollar spent on gas and daily transit. Finally, earn 1% cash back for every dollar spent elsewhere.
• Additional Perks. Obtain exclusive offers from Scotiabank including concierge service, competitive hotel rates and upgrades, and access to dining and wine country programs.
• Insurance Coverage. Ample coverage comes with this credit card, such as new mobile device, trip cancellation, trip interruption, purchase protection insurance and much more.
• Annual Fee. Gain access to all of the above perks at the cost of $120 per year.

This card is perfect for any Canadian resident who wants a low-interest rate. zero liability protection, enhanced security, tap & pay, and worldwide acceptance.

The MBNA True Line® Mastercard® is a great credit card that comes with a very good interest rate for purchases. What's best, this card comes with no financial investment on a yearly basis, aka annual fee, and can be taken by any Canadian resident.

With this card, you get a 12.99% interest rate for purchases and balance transfers.

You can use the MBNA True Line® Mastercard® to quickly pay off your debt and save a lot of money on interest on your monthly purchases, due to the low-interest rate of just 12.99%. You can add up to 9 users to this card without paying additional money. This means that you can let your family members and friends leverage the MBNA True Line® Mastercard® to pay off their debt and improve their credit scores.

This card also comes with emergency services, trip assistance, cash advances internationally, and good savings when renting out a car with Avis.

0.99% introductory interest rate on balance transfers for the first 6 months 

The Scotia Value Visa is aimed at individuals looking for a good balance transfer credit that offers decent privileges and a lower interest rate beyond the introductory promo period. Although it comes with a minimal fee, customers who cannot pay their balance in full can take advantage of the low post-promotional rate of 12.99%. Plus, if you regularly rent cars from Avis, then you might get the best value out of this card.

Why We Like It:

• Save on car rentals -Save up to 25% when you use the Scotia Value Visa to book your rental cars with AVIS and other budget rental car locations in Canada.
• Optional insurance coverage - For a small fee, depending on the remaining balance on your credit card, you can receive financial protection from a range of life events such as job loss, disability, critical illness, and loss of life.
• Faster checkout -The payWave feature helps you save time by allowing you to simply wave the card or use the app on your mobile phone to pay for small purchases.
• Free supplementary card - Get an additional supplementary cardholder at no extra charge.

Coming with an annual fee of $29 and a very good interest rate of 12.99% for both purchases and cash advances, the Scotiabank Value® Visa* Card is one of the best credit cards you can find on the market if you're keen on paying a low interest.

This card from Scotiabank comes with an amazing introductory offer of 0.99% for balance transfers. Basically, during the first 6 months, you can consolidate your debt and save hundreds of dollars on interest.

The only requirement to access this card is a minimum income of $12,000 a year, which is quite low. Most Canadians can get this card with ease. Once you get it, you'll be able to capitalize on certain perks.

First, you can pay an interest rate on balance transfers and cash advances of just 0.99% for the first 6 months. This means the rest of the year. This is one of the most attractive offers you can get in 2022. Second, you can get a free supplementary card for one of your family members or close friends.

Lastly, this card allows you to save 25% on car rentals, get optional protection and pay quickly at the checkout using the Visa app.

The Scotia Value Visa is aimed at individuals looking for a good balance transfer credit that offers decent privileges and a lower interest rate beyond the introductory promo period. Although it comes with a minimal fee, customers who cannot pay their balance in full can take advantage of the low post-promotional rate of 12.99%. Plus, if you regularly rent cars from Avis, then you might get the best value out of this card.

Earn an extra 10% back* for a limited time with a Tangerine Money-Back Credit Card.

1.95% interest on the transferred balance for the first 6 months

Regarded as one of the best credit card in Canada, Tangerine Money-Back Credit Card provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card.

• No annual fee -The no annual fee for both primary and secondary holders means that you are not paying for your cash back.
• Unlimited rewards -Earn as much cash back rewards regardless of the category.
• Automatic monthly cash back redemption -Every month, Tangerine will either apply your cashback dollars against your credit card balance or deposit it directly into your Tangerine Savings Account.
• Flexibility - You can choose 2-3 categories for the 2% cash back and change categories once every 90 days to match your spending pattern.
• Get more cash back rewards -Maximize your credit card rewards by choosing another cash back credit card that has bonus categories and using your Tangerine card to expand and get more bonus categories.

Great credit card for those who would like to maximize the cashback they earn by choosing their spend categories to earn more cashback.

Viewed as one of the best credit cards in Canada, Tangerine Money-Back Credit Card provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card. Earn an extra 10% back* for a limited time with a Tangerine Money-Back Credit Card. 

 The most notable feature is the cash back rewards. Who wouldn't want to earn money while they spend! In order to determine an estimate of how much you'll earn using this card, take your total credit card spending per month and multiply it by 1%. Typically, these card users average out to 1% cash back on purchases between the special 2% categories and 0.5% on all other purchases. If you spend $1,000 a month, you'll earn $10 ($1,000 x 0.01)!


Tangerine's Money Back Credit Card has lower than average fees as well. In addition, they are an excellent bank to work with since they're owned by Scotiabank. More often than not, Tangerine's clients benefit indirectly from Scotiabank's services without paying the big bank fees. That being said, Tangerine's services are so affordable because they don't offer in person services the way traditional banks do. If that's something you value, this card might not be right for you.

Pros of Tangerine Money back Mastercard

• No annual fee -The no annual fee for both primary and secondary holders means that you are not paying for your cash back.You can carry this card at no cost
• Unlimited Cash Back: -Earn as much cash back rewards regardless of the category.
• There is no limit on how much cash back you can earn.
• Insurance coverage: Extended warranty and purchase protection.
• Promotional balance transfer rate: 1.95% interest on the transferred balance for the first 6 months.
• Automatic monthly cash back redemption -Every month, Tangerine will either apply your cashback dollars against your credit card balance or deposit it directly into your Tangerine Savings Account.
• Flexibility - You can choose 2-3 categories for the 2% cash back and change categories once every 90 days to match your spending pattern.

Cons of Tangerine Money back Mastercard

• The only drawback is that you will earn 0.5% for all purchases outside your top 2 or 3 money back categories.

The Tangerine Money Back Credit Card is one of the best credit cards on the market right now. Getting cash back as a reward is essentially the most optimal reward you can get since it can be put towards other expenses. In addition, this card is affordable to use and accessible to nearly every Canadian. 

The Home Trust Secured Visa is designed for individuals who need to rebuild or reestablish their credit. It offers easy approval for anyone and gives you a flexible credit limit, ranging from $500 to $10,000, depending on your security deposit. Of course, it also comes with other benefits such as a 21-day no-interest grace period and no annual fee.

Why We Like It:

• Easy application – Start rebuilding your credit score immediately. Almost everyone is approved for this secured credit card.
• No annual fee – You pay absolutely nothing to get and use this credit card.
• Flexible credit limit – From a minimum deposit of $500, you can get a credit limit scaling at 1:1 all the way up to $10,000. The security deposit will also be reimbursed in full (minus the outstanding balance) should the credit card be cancelled in the future.
• Low minimum payments – If you want to pay the minimum, you can pay whichever is higher: $10 or 3% of the monthly balance.
• Monthly reporting – Home Trust reports your progress to major credit agencies each month – jumpstarting your credit repair.

The Home Trust secured credit card is an excellent credit card that enables those who do not have a good credit score to rebuild and reestablish it.

Almost everyone is approved(No credit, poor credit, bankruptcy and  consumer proposal).

To be approved for this secured credit card, the applicants need to provide a security deposit of $500 minimum and be of the age of majority in the province of residence.

This credit card does not offer any rewards but provides a 90 purchase protection to insure eligible items against theft or damage for 90 days from the date of purchase.

Each month Home Trust reports to Equifax and Transunion. This will ensure that your payment and credit history related to your Home Trust Secured credit card is updated with the major Canadians credit bureaus accordingly. You will need to make your payments on time each month to rebuild your credit.

Home Trust will give you back your deposit when you close your account.

The Home Trust secured credit card is one of the best cards in the market that can help you build your credit.

While geared towards young people, the American Express Cobalt^® Card  has plenty features and benefits that make it appealing to a wide range of people. It offers 5x more points on eats and drinks from grocery shopping to dining out, and 2x points on travel and transit. Additionally, the ability to transfer points to hotel partners or to the Fixed Points Travel Program makes this the best travel credit card in Canada with a fee. If you spend a lot on food and travel, then this credit card deserves a place in your wallet.

• Generous first-year rewards - You have the ability to earn up to 30,000 bonus points in the first year.
• Redeem anything you want -Reward points can be redeemed for travel, restaurant, movies, and merchandise. Unlike other rewards card, you can use your points for almost anything you want.
• Transferability of points -You can transfer points into the Marriott Bonvoy rewards system which unlocks access to amazing rewards programs like British Airways, Aeroplan, and more than 30 other airline partners. You can also transfer to the Hilton Honors rewards program at 1:1 ratio.
• Monthly fee - Instead of paying for a one-time annual fee, you are charged every month, giving you time to test out the card and cancel it if it's not the right fit for your spending habits.
• Free supplementary card - This usually costs an additional $50 on most rewards card. Get one for an immediate family member and boost your earning potential.

The American Express Cobalt^® Card started out as a credit card designed for millennials and young professionals. Today, it’s one of the most flexible and versatile credit cards out there. In fact, it’s now commonly used by people from all walks of life because of the lucrative benefits.

One reason the American Express Cobalt^® Card is so popular is because of the quick rewards that come with it. Points can be earned on everyday purchases which is what makes the earnings accumulate so rapidly. On food and drinks, such as grocery, restaurant, food delivery, bar and cafe purchases, cardholders earn five points per dollar spent.

On transit and travel, cardholders earn two points per dollar spent. These rewards are not limited to vacation only, cardholders will earn points when they spend on public transit, taxis and Ubers too. All other purchases earn one point per dollar spent. As you can see, no matter what your lifestyle is, you’ll quickly rack up points!

Points can be redeemed to cover the cost of flights and accommodation with 1,000 points being equivalent to $10. Flights don’t have any blackout dates and you can choose any airline you’d like. In addition, the points can be used to cover fees and taxes. If you don’t have an upcoming trip, you can also spend your points on events through Ticketmaster at a rate of 2,000 points to $20. As you probably noticed, the rate of return is the same when you spend on travel and events which is fantastic! For less bang for your buck, you can also use your points for gift cards or merchandise purchases.

Cardholders benefit from travel insurance as well. The insurance covers things like travel accidents, car rental insurance, medical emergencies, flight interruption or delay among others. Last but not least, cardholders gain access to American Express Invites which are limited offer, exclusive events.

All of these benefits sound amazing but there’s a cost for all the wonderful benefits. There’s a monthly fee of $12.99, which works out to be $155.88 per year. The monthly payment makes it easy for most to manage. Also, you need to make between $60,000 and $80,000 per year and have decent credit. The only disadvantage is the cap rate on the bonus points is 30,000. Another downside to this bonus is the points can’t be redeemed in a lump sum. This means there is a delay between when you earn the points and when you can redeem them.

That being said, the American Express Cobalt^® Card is still an excellent option for those who travel a lot and make lots of eligible purchases.

If everything about this card sounds good to you, sign up today and receive an extra 2,500 points each month you spend $500 or more, an achievable spending rate for most! You can earn up to 30,000 Membership Rewards® points.

For an annual fee of $139, card holders obtain an array of travel benefits including point travel redemption, travel insurance and airport lounge access. Scotiabank boasts about this credit card because it is the only major bank in Canada that offers a credit card with no foreign transaction fees and airport lounge access.

• Amazing Welcome Offer. When you spend $1,000 on the credit card within the first three months of ownership, you’ll earn 30,000 bonus points (worth about $300).
• Bonus Earning Offers. If you spend $40,000 in a year with this credit card, you’ll earn an additional 10,000 points (worth about $100).
• Scotia Rewards Earnings. Earn 2 Scotia points for every dollar you spend on groceries, dining, entertainment and daily transit. Earn 1 Scotia point for every dollar spent on other purchases.
• No Foreign Transaction Fees. While the exchange rate of your foreign purchases will still apply, you’ll save money on foreign transaction fees which would typically be 2.5%.
• Airport Lounge Access. A complimentary Priority Pass membership is provided with this credit card along with six free lounge visits per year.

The Scotiabank Passport™ Visa Infinite*Card offers 2 points for every $1 spent on grocery store, dining, entertainment, and transit purchases, and 1 point per $1 on everything else. That’s hardly best-in-class, so why does the Scotiabank Passport™ Visa Infinite* Card tie for best Scotiabank travel credit card?

Two reasons: a very lucrative bonus point offer and no foreign transaction fees.

Let’s start with the bonus points. You earn 30,000 welcome points when you spend $1,000 in the first 3 months. That’s worth up to $300, is easy to obtain, and is a solid reason to try this card for a year.

But wait, there’s more. Every year you charge $40,000 to your Scotiabank Passport™ Visa Infinite* Card, you’ll get 10,000 bonus points. If you can hit the $40,000 minimum each year, the 10,000 bonus points will nearly cancel out the $139 annual fee.

If that wasn’t enough, the Scotiabank Passport® Visa*doesn’t charge any foreign transaction fees. It comes with a suite of travel insurance benefits, Visa Infinite benefits, and includes six free airport lounge passes.

• No foreign transaction fees
• No annual fee
• Cash back: Enjoy 1% cashback with a Home Trust Preferred Visa and no limits to the amount of cash rewards you can earn

The Home Trust Preferred Visa Card is an excellent credit card for those who would like to save on foreign transactions fees.

This credit card provides 1% cash back rate along with its no foreign transaction fees which is excellent for travelers and online shoppers. In fact, cardholders will be saving 2.5% fees on purchases made outside Canada or in a foreign currency.

The combination of these 2 features make this card a great card to have, especially when there is no annual fee.

One of the most attractive features of the Home Trust Preferred Visa is the cash back rewards. Cash can be earned on all eligible purchases and there is no limit on how much cash you can earn. Your rewards are paid as a credit to your credit card statement annually (every January).

In addition to the lucrative cash back rewards, there is no annual fee for this card. There are also secondary benefits that card holders are eligible for including no foreign exchange fees.

The most notable of this list is the lack of foreign exchange fees. If you’re an avid traveler or do a lot of online shopping in foreign currencies, the Home Trust Preferred Visa is an excellent choice. Foreign transaction fees might seem like nothing, but they add up, especially when you factor in foreign exchange rates. 

There are some drawbacks to using this credit card and working with Home Trust. For one, this card is not accessible in Quebec. You can take advantage of the travel benefits offered by the card without having to pay an annual fee. However, it is crucial to be aware that the card does have a fee for inactivity over 12 months.( $12 )

Overall, the Home Trust Preferred Visa is a phenomenal choice. If you’re an individual who travels a lot, this card is especially beneficial considering how rare no foreign transaction fees are in combination with no annual fee. Home Trust is a small, yet effective, bank that delivers to their customers. 

While geared towards young people, the American Express Cobalt^® Card  has plenty features and benefits that make it appealing to a wide range of people. It offers 5x more points on eats and drinks from grocery shopping to dining out, and 2x points on travel and transit. Additionally, the ability to transfer points to hotel partners or to the Fixed Points Travel Program makes this the best travel credit card in Canada with a fee. If you spend a lot on food and travel, then this credit card deserves a place in your wallet.

• Generous first-year rewards - You have the ability to earn up to 50,000 bonus points in the first year.
• Redeem anything you want -Reward points can be redeemed for travel, restaurant, movies, and merchandise. Unlike other rewards card, you can use your points for almost anything you want.
• Transferability of points -You can transfer points into the Marriott Bonvoy rewards system which unlocks access to amazing rewards programs like British Airways, Aeroplan, and more than 30 other airline partners. You can also transfer to the Hilton Honors rewards program at 1:1 ratio.
• Monthly fee - Instead of paying for a one-time annual fee, you are charged every month, giving you time to test out the card and cancel it if it's not the right fit for your spending habits.
• Free supplementary card - This usually costs an additional $50 on most rewards card. Get one for an immediate family member and boost your earning potential.

The American Express Cobalt^® Card started out as a credit card designed for millennials and young professionals. Today, it’s one of the most flexible and versatile credit cards out there. In fact, it’s now commonly used by people from all walks of life because of the lucrative benefits.

One reason the American Express Cobalt^® Card is so popular is because of the quick rewards that come with it. Points can be earned on everyday purchases which is what makes the earnings accumulate so rapidly. On food and drinks, such as grocery, restaurant, food delivery, bar and cafe purchases, cardholders earn five points per dollar spent.

On transit and travel, cardholders earn two points per dollar spent. These rewards are not limited to vacation only, cardholders will earn points when they spend on public transit, taxis and Ubers too. All other purchases earn one point per dollar spent. As you can see, no matter what your lifestyle is, you’ll quickly rack up points!

Points can be redeemed to cover the cost of flights and accommodation with 1,000 points being equivalent to $10. Flights don’t have any blackout dates and you can choose any airline you’d like. In addition, the points can be used to cover fees and taxes. If you don’t have an upcoming trip, you can also spend your points on events through Ticketmaster at a rate of 2,000 points to $20. As you probably noticed, the rate of return is the same when you spend on travel and events which is fantastic! For less bang for your buck, you can also use your points for gift cards or merchandise purchases.

Cardholders benefit from travel insurance as well. The insurance covers things like travel accidents, car rental insurance, medical emergencies, flight interruption or delay among others. Last but not least, cardholders gain access to American Express Invites which are limited offer, exclusive events.

All of these benefits sound amazing but there’s a cost for all the wonderful benefits. There’s a monthly fee of $12.99, which works out to be $155.88 per year. The monthly payment makes it easy for most to manage. Also, you need to make between $60,000 and $80,000 per year and have decent credit. The only disadvantage is the cap rate on the bonus points is 30,000. Another downside to this bonus is the points can’t be redeemed in a lump sum. This means there is a delay between when you earn the points and when you can redeem them.

That being said, the American Express Cobalt^® Card is still an excellent option for those who travel a lot and make lots of eligible purchases.

If everything about this card sounds good to you, sign up today and receive an extra 2,500 points each month you spend $500 or more, an achievable spending rate for most! You can earn up to 30,000 Membership Rewards® points.

The TD Aeroplan Visa Infinite Card is a versatile credit card that allows you to earn Aeroplan miles, get a comprehensive travel insurance package, and earn rewards at a decent rate. With TD being the official partner of Aeroplan, we consider this one of the best Aeroplan credit card in Canada. It targets members and gives double miles when used together with the Aeroplan membership card.

• Earn Aeroplan points on your everyday Purchases. Whether you use your TD® Aeroplan® Visa Infinite Card for gas, bills or groceries, you’re rewarded with Aeroplan points that can take you across the globe
• Redeem your rewards any time – Every seat, every flight, no restrictions
  Every Air Canada seat available to buy for cash is also available for points – no restrictions, no blackout periods.
• Use Aeroplan points for more than just flights - Redeem your points across your trip, from hotel rooms to car rentals.
• Peace of mind when travelling – With a medical coverage that includes standard protection and up to $2 million coverage during the first 10 days of a trip, this card lets you travel in peace. In addition, it also offers access to emergency travel assistance as well as delayed and lost baggage insurance.
• Assistance on the road – This credit card gives you complimentary membership to the company’s TD Auto Club and makes you eligible for free emergency roadside assistance anytime.

The most obvious feature of this credit card is in the name, it has a connection to Aeroplan. Aeroplan is Canada’s frequent flyer program and the TD Aeroplan Visa Infinite allows card holders to earn Aeroplan points on daily expenditures. In addition, there is a welcoming bonus of 10,000 bonus Aeroplan points with your first purchase. It doesn’t take much to start earning! Earn an additional 15,000 Aeroplan points when you spend $1,000 within 90 days of Account opening1 (value of $500).

Card holders earn 1.5 miles per dollar spent on groceries, pharmacies, gas and Air Canada purchases. One point per dollar spent is earned on all other purchases. A notable benefit of the TD Aeroplan Visa Infinite credit card is you can earn points on everyday expenditures which means it’s not challenging to earn at all.

In addition to the ease of earning points, cardholders gain access to travel insurance. The insurance covers car rental insurance, delayed or lost baggage, trip cancellation or interruption, flight delay, travel accident and medical emergency expenses. However, insurance only applies when you charge the full cost to your TD Aeroplan Visa Infinite which can be inconvenient when you’re abroad. Finally, cardholders have special Air Canada benefits when you redeem your points for Air Canada flights. These include priority check-in, priority boarding, an annual visit to the Air Canada Maple Leaf Lounge and a complimentary first checked bag.

A pitfall of this credit card is the $139 annual fee. TD will waive the fee for the first year if you have an All-Inclusive Account and have $5,000 or more sitting in that account. Another disadvantage is that it's hard to peg the actual value of the points you earn. The amount of points you need for a flight depends on your desired travel class and destination. TD allows card holders to redeem their points on any Air Canada flight or any other Star Alliance partner airline which gives you ample choice. While the travel points aren’t the best on the market, it can be an extremely favourable card for those who like to travel with Air Canada.

All in all, the TD Aeroplan Visa Infinite card has a lot of advantages, but they’re not the best on the market. Also, the disadvantages can off put the advantages making it subpar. However, it is more attainable than other travel based credit cards on the market and is an excellent choice if you already bank with TD and work with Aeroplan.

• BMO AIR MILES World Elite Travel and Medical Protection 
• extended warranty and purchase protection
• Travel benefits and 24/7 concierge access

BMO® AIR MILES®† World Elite®* Mastercard®* offers consumers some of the best travel rewards in Canada. Air Miles is affiliated with numerous retail partners, from gas stations and grocery stores to travel outlets and liquor stores. Frequent travelers and savvy collectors could be hooked by this card, as they can dramatically boost their earning rate. If you also have the BMO premium chequing account, you can even benefit from an annual rebate.

This card comes with purchase protection, travel insurance benefits and airport lounge access. You can waive the annual fee of $120 for the first year while getting 1 Air Mile rewards for every $10 you spend. As a welcome offer, you can get 2,000 bonus miles. One air mile is worth $0.105. The purchase interest rate of this card is $20.99, but the income requirements are $80.000 per individual or $150.000 as a household.

This card is excellent for frequent travelers, air miles collectors and high-income earners. Some of its best features are: access to private lounges, accelerated miles earning, robust travel insurance, together with numerous purchase protection benefits. If you travel frequently to North America, you can also leverage the BMO AIR MILES World Elite Mastercard to gain a 15% discount.

For people who love to eat and drive, the Scotia Momentum VISA Infinite Card is the best rewards credit card with a fee. It provides an unrivaled 4% cash back on food and gas along with 2% on recurring payments and drugstore purchases, and 1% on the rest. On top of that, this card also comes with comprehensive insurance benefits and concierge benefits.

• Welcome bonus  Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
• No-nonsense rewards Rewards are clear, transparent, easy to earn and easy to redeem. Cash back rewards are paid out annually either as a deposit to eligible chequing or savings account or credited to your credit card statement.
• Enhanced insurance package The improved insurance package is comparable with other more premium cards. It provides comprehensive coverage on travel, including rental car collision loss or damage as well as purchase security and extended warranty protection.
• Additional Perks. Obtain exclusive offers from Scotiabank including concierge service, competitive hotel rates and upgrades, and access to dining and wine country programs.
• Annual Fee. Gain access to all of the above perks at the cost of $120 per year.

Excellent credit card with outstanding benefits and full insurance coverage. The Scotia Momentum Visa Infinite card was the winner of the MoneySense best cashback card with a fee in 2021 - and for good reasons! Card holders earn cash back on all purchases at varying rates. There are also other perks of card ownership including access to exclusive Scotiabank events and offers, plus ample insurance coverage. 

Special Welcome Offer. During the first three months of card ownership, earn a whopping 10% cash back on all purchases. This rate is only applicable for the first $2,000 of purchases. Tiered Cash Back Rates. Earn 4% cash back for every dollar spent on groceries and recurring bill payments. Earn 2% cash back for every dollar spent on gas and daily transit. Finally, earn 1% cash back for every dollar spent elsewhere. 

Additional Perks. Obtain exclusive offers from Scotiabank including concierge service, competitive hotel rates and upgrades, and access to dining and wine country programs. Insurance Coverage. Ample coverage comes with this credit card, such as new mobile device, trip cancellation, trip interruption, purchase protection insurance and much more. Annual Fee. Gain access to all of the above perks at the cost of $120 per year.

Generous sign-up bonus 
Flexible redemption options 
Travel convenience 
Additional protection

Welcome bonus:

Earn up to 40,000 bonus Scene+ points in your first year (that’s up to $400 towards travel).  Plus, no annual fee in the first year, including on supplementary cards1 and get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $120) (1% balance transfer fee)


With a generous rewards rate of 5 points per dollar on gas, groceries, restaurants and entertainment, the Scotiabank Gold American Express Card will help make your travel plans a reality. Plus, with a flexible points program, you can book you flights on your own schedule.Excellent credit card with 7 types of travel coverage and great reward earn rates. Generous sign-up bonus -The Scotiabank Gold American Express offers a way for new cardholders to quickly stockpile points. 

It lets you earn up to 40,000 bonus points in your first year. Flexible redemption options - With the Scotia Rewards Program, you can book your travel with any airline or hotel through its full-service travel agency. You can use your points to cover the whole cost of the trip, including taxes and fees, or combine your points and a charge to your card. Points can also be used to book hotels and rental cars. Travel convenience - Added features such as rental car discounts and hotel room upgrades are designed to make travel as convenient and comfortable as possible. Additional protection - This Amex credit card provides has one of the most comprehensive travel protection benefits with insurance against flight delays and lost baggage even insurance against burglaries.

Up to 80,000-Membership Rewards® points bonus 
No credit limit 
Premium airport lounge access 
Premium insurance

This card is the most exclusive credit card in the market however it comes with a $699 annual fee which is one the highest for a Canadian credit cards. The Platinum Card® is perfect for those who are looking for a luxury credit card with outstanding benefits, rewards, insurances, and platinum experiences. 

The annual fee is high however a frequent traveler will enjoy every single benefit on this card. 
Platinum Card's rewards earn rate: Earn 2 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
Pros: New Platinum^® Cardmembers, earn 70,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first three months of Cardmembership.
credit limit: There is no preset credit limit with this credit card 

Premium airport lounge access: Complimentary access to over 1,200 airport lounges across 130 countries. 

Premium insurance: The Platinum Card® offers different types of insurance like below: $500,000 Travel Accident Travel Emergency Assistance Trip Cancellation /Trip Interruption Car Rental Theft/Damage Lost or Stolen Baggage Flight Delay Baggage Delay Cons High annual fees: The Platinum Card has an annual fee of $699. Each additional card is $175.

Purchase Protection Plan 
Car Rental Theft and Damage Insurance 
Employee Card Misuse Protection 
Buyer’s Assurance Protection Plan

As the name of this credit card implies, this card is designed for the unique, modern needs of business owners. Card holders earn three times the points for purchases made on essential business expenditures, such as office supplies, electronics, food, drinks, transportation and gas. For all other purchases, regular points are earned. As you can see, this card ensures that business owners easily earn points where ever it is they spend. 

When you get this credit card, AMEX will greet you with up to 57,000 bonus points when you spend $5,000 or more on the credit card within the first three months of card membership. All of these perks are fantastic and the cost is a reasonable $99 per year. Additional cards come with no annual fee which means that your coworkers can obtain a card free of charge while contributing to your points balance and paying for necessary business expenses. Card holders also benefit from being able to pay off their balance at any time, insurance, Front of the Line access and custom business tools. After you've earned a healthy points balance, you can redeem them for travel, dining, entertainment, retail and merchandise purchases, among many others. 

The only disadvantage to this credit card is that it is not as widely accepted as Visa or Mastercard. However, this usually is not a huge disadvantage to most businesses since they typically have more than one credit card available for use on top of other payment methods.? All in all, the American Express Business Edge credit card is an excellent choice for small business owners and entrepreneurs. Points can be earned and redeemed on a wide array of things which gives you the best of both worlds. 

Finally, this credit card is an optimal choice if your business is new to credit cards and you don't want to make a big commitment just yet!