Best Premium Credit Cards in Canada for 2021

 
Details
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Welcome bonus
  • No-nonsense rewards
  • Enhanced insurance package
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Why we like it

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  The whooping 10% cashback bonus on the first three months is a very delicious offer to refuse.
  • 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.
Credit Card snapshot

Great reasons to get this card for your everyday purchases

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350*.

• 4% on eligible recurring bill payments and grocery store purchases

• 2% on eligible gas station and daily transit purchases

• 1% cash back on all other eligible everyday purchases

• Complimentary Concierge Services 24/7
• Visa Infinite Dining Series
• Visa Infinite Music Series
• Wine Country Wonders
• Luxury Hotel Privileges
• Comprehensive Travel Insurance & New Mobile Device Insurance coverage

Details
Annual Fee: $699
Purchases Interest Rate: -%
Cash Advance Interest Rate: -%
Recommended Credit Score
Excellent (740-900)
Why we like it?
Apply Now Full Review
Why we like it
Credit Card snapshot
PLATINUM CARD® AMERICAN EXPRESS REVIEW

Welcome offer
  • Unlock special experiences with the Platinum® Card
  • Earn up to 150,000 Membership Rewards® points:
  • New Platinum® Cardmembers can earn 70,000 Membership Rewards® points after spending $6,000 in net purchases within the first 6 months of Cardmembership
  • Plus earn a total of 10X the points on eligible eats and drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 50,000 points
  • You can also earn 30,000 points when you make a purchase between 14 to 17 months of Cardmembership
  • Apply by August 3, 2021 to take advantage of this incredible offer
 
 

No Pre-Set Spending Limit on Purchases

Enjoy financial flexibility and the opportunity to maximize your points. Because The Platinum Card® has no pre-set spending limit, it allows you flexibility when spending. Using a Charge Card is a great way to manage your finances as the balance must be paid in full each month.
 

Buyer’s Assurance® Protection Plan

Your coverage can automatically extend the manufacturer’s original warranty up to one additional year when you fully charge eligible items to your Platinum Card.
 

Purchase Protection® Plan

You can be insured for eligible items charged to your Platinum Card for 120 days from the date of purchase in the event of accidental physical damage or theft for up to $1,000 per occurrence (for all purchased items combined).


Please note that this is charge card

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
Details
Annual Fee: $149
Purchases Interest Rate: 19.9%
Cash Advance Interest Rate: 22.9%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?

No foreign transaction fees

$100 annual travel enhancement credit

31-day insurance coverage

Mastercard Airport Experiences 

Get unlimited Wi-Fi through Boingo 

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Why we like it

Earn 3% in travel rewards on all eligible travel purchases(6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1).

This card comes with no foreign transaction fees, 31-day emergency travel medical insurance coverage, a 10% discount on hotel bookings, unlimited Wifi through Boingo, extended warranty, purchase assurance, and $100 travel enhancement credit.

Credit Card snapshot

HSBC World Elite® Mastercard® Review 2021

Welcome Bonus of 20,000 Points (up to $100 value) PLUS apply by September 27th and get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User*, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus*


This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)


Rewards and benefits
  • No foreign transaction fees
    Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges. Only the exchange rate will apply.

  • HSBC World Elite Rewards Program
    Earn 3% in travel rewards on all eligible travel purchases(6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1).

    *Terms and Conditions apply

    ®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to licence

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.