Best Rewards Credit Cards in Canada for 2021

 
Details
Annual Fee: $0
Purchases Interest Rate: 19.95%
Cash Advance Interest Rate: 19.95%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • No annual fee
  • Unlimited rewards
  • Automatic monthly cash back redemption
  • Flexibility
  • Get more rewards
Apply Now Full Review
Why we like it

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.
Credit Card snapshot
Tangerine Money-Back Credit Card Review 2021

Balance transfer offer: During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.

Earn 2% Money-Back Rewards on purchases in up to 3 categories of your choice with the Tangerine Money-Back Credit Card, and 0.50% Money-Back Rewards on all other purchases.

  • 2% Rewards in your chosen categories
  • Get 0.50% money back on all other everyday purchases.

  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

  • No limit on the amount of Money-Back Rewards you can earn.

  • Change your 2% Money-Back Categories to suit your everyday spending.

Optimizing your 2% Money-Back Categories to suit your everyday spending has never been easier. Choose your categories to earn the most money back.

Tangerine Money-Back Credit Card 2% Cash Back Categories:

      • Grocery
      • Furniture
      • Restaurants
      • Hotel-Motel
      • Gas
      • Recurring Bill Payments
      • Drug Store
      • Home Improvement
      • Entertainment
      • Public Transportation and Parking


Tangerine Money-Back Credit Card Fees:

  • Annual: $0
  • Balance transfer: 3% with $5 minimum
  • Cash advance: $3.50 inside Canada, $5 outside Canada, plus 19.95% interest on overdue amounts
  • Foreign transaction: 2.5% per transaction
  • Missed or late payments: increased interest rates to 24.95% on all purchases
  • Over limit: $25 (Tangerine does not allow you to go over your limit unless the transaction was pre-approved)

 

Details
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Generous first-year rewards
  • Redeem anything you want
  • Transferability of points
  • Monthly fee
  • Free supplementary card
Apply Now Full Review
Why we like it

While geared towards young people, the American Express CobaltTM 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.
Credit Card snapshot
American Express Cobalt™ Credit Card review

Welcome Offer:

 In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card.

This could add up to 30,000 points in a year

 30,000 points is enough for:

   • $300 in statement credits redeemed towards travel purchases charged to your Card or

   • $225 in American Express® Prepaid Cards


• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery

• Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That's 2X the points on purchases that get you from point A to B

• Earn 1 point for every $1 in Card purchases everywhere else. We won't tell you where to spend, we'll just reward you on your Card purchases

• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events

• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences.


American Express Cobalt™ Card Income Requirements

Many American Express credit cards have income range requirement to be eligible for the card however the Amex Cobalt Card doesn’t have a specific income requirement which mean that you could be approved for this credit card if you meet the requirements below:

Credit score of 670+

You must be the age of majority.

Canadian resident with a Canadian credit file.


American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Details
Annual Fee: $120
Purchases Interest Rate: 20.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Generous welcome bonus
  • Wide variety of rewards
  • Sufficient travel and shopping insurance
Apply Now Full Review
Why we like it

If you pay all your credit card balance monthly and is good at managing money, it makes perfect sense to get a credit card that rewards you – especially if it means free flights. Delivering the right mix of rewards and a low annual fee, the American Express AIR MILES Platinum Credit Card is a sensible credit card for people with mid to high spending. It gives you a lucrative welcome bonus, a generous rewards and referral program, and a good earn rate for an affordable annual fee.

Good value – For a $120 annual fee, this credit card provides more than enough travel benefits, rewards and insurance coverage.
  • Generous welcome bonus – This credit card comes with a 2,000 MILES sign-up bonus that is worth $200 as cash AIR MILES. This is already enough for a short-haul flight.
  • Wide variety of rewards – With more than 1000 rewards to choose from, you can redeem everything from travel to movie tickets, electronics, and more.
  • Sufficient travel and shopping insurance – You get car rental theft and damage insurance, $100,000 travel accident insurance, purchase protection plan, and buyer’s assurance protection plan.
Credit Card snapshot
American Express® AIR MILES®* Platinum Credit Card Review


Earn AIR MILES®* Reward Miles

 
Turn your everyday purchases into extraordinary rewards
  • Earn 1 Mile for every $5 in Card purchases, up to $30,000 annually, on eligible food & drinks, (such as eligible restaurants, coffee shops and stand-alone grocery stores), and eligible gas & transit (such as local commuter transportation including ridesharing services and taxis) in Canada2
  • Earn 1 Mile for every $10 in Card purchases everywhere else2

  • New American Express® AIR MILES®* Platinum Credit Card Cardmembers, earn a Welcome Bonus of 2,000 AIR MILES®* Bonus Miles when you charge a total of $1,500 in purchases to your Card within your first three months of Cardmembership. That’s enough to redeem for $200 towards your purchases with AIR MILES®* Cash


    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

.
Details
Annual Fee: $150
Purchases Interest Rate: -%
Cash Advance Interest Rate: -%
Recommended Credit Score
Excellent (740-900)
Why we like it?
  • Bonus Offer
  • Earn While You Spend
  • Travel Perks
  • Travel Insurance
Apply Now Full Review
Why we like it

For the avid traveller, this credit card has everything you need, including special travel offers and insurance. The card has an annual fee of $150, but you definitely get your money's worth. Even if you have a period of no travel, you can redeem your points for statement credits or transfer them to another loyalty program for future use. You can also bank them for your next trip!

 

  • Bonus Offer. When you spend $1,500 on this credit card within the first three months of ownership, you’ll obtain 25,000 bonus points.
  • Earn While You Spend. For every dollar spent on eligible travel and everyday purchases, earn 2 points. For every dollar spent elsewhere, earn 1 point.
  • Travel Perks. Gain access to American Express’ hotel collection and special offers from Hertz car rental with this credit card.
  • Travel Insurance. Enjoy your vacation worry free with ample insurance coverage including trip interruption, car rental theft and damage, flight delay and much more.
Credit Card snapshot

WELCOME BONUS OFFER

New American Express Gold Rewards Cardmembers, earn a Welcome Bonus of 25,000 Membership Rewards points when you charge $1,500 in purchases to your Card in your first 3 months of Cardmembership.

Rewards

Travel wherever, whenever, however you want.

Earn 2 points for every $1 in Card purchases on eligible travel and everyday purchases

Earn 1 point for every $1 in Card purchases everywhere else

Earn 1 additional Membership Rewards point for every $1 you charge to your American Express Gold Rewards Card on eligible hotel or car rental bookings made with American Express Travel at americanexpress.ca/travel.

Please note that the American Express® Gold Rewards Card is a 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: $139
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Lucrative welcome offer
  • Upgraded travel experience
  • Premium travel insurance
  • Mobile device protection
Full Review
Why we like it

The CIBC Aventura Visa Infinite Card is jam-packed with benefits with an alluring starting bonus, NEXUS application rebate, travel and mobile device insurance, and perks that make travelling easier and more comfortable. Plus, with the waived annual fee on the first year, there is no reason not to get this great travelers and rewards card.

  • Lucrative welcome offer -With a special offer of up to 35,000 points and $139 credit, this travel credit card will fast track your travel plans.
  • Upgraded travel experience -Free memberships to Priority Pass airport lounges and the NEXUS program will take your airport experience to the next level. This means that you can skip line ups between the US and Canada and gain access to over 1,200 international airport lounges that commonly feature topnotch perks such as showers, free Wi-Fi and more!
  • Premium travel insurance - Get covered with emergency medical insurance, trip cancellation and bag loss insurance, rental car coverage, and hotel burglary insurance.
  • Mobile device protection - This credit card reimburses you up to $1000 for a mobile device that is lost, stolen or accidentally damaged.
Credit Card snapshot
CIBC Aventura Visa Infinite Card review 

Earn up to 35,000 Aventura Points (up to $800 in travel value1). 

Get 20,000 Aventura Points when you make your first purchase.

Also, in your first year, you can earn an additional 1,250 Aventura Points each monthly statement period in which you spend at least $1,000. That’s up to 15,000 points! 

Plus, get a first year annual fee rebate!  


Fly on any airline, every flight, every seat with points that don't expire

Get points with every purchase and redeem them towards trips and merchandise. Multiplying your points is as easy as buying groceries, pumping gas or booking a trip.

1x

1 Aventura Point for every $1 spent using your card

1.5x

1.5 Aventura Points for every $1 spent at gas stations, grocery stores and drug stores

2x

2 Aventura Points for every $1 spent when you purchase your trip through the CIBC Rewards Centre

Details
Annual Fee: $129
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Generous sign-up bonus
  • Flexible redemption options
  • Travel convenience
  • Additional protection
Apply Now Full Review
Why we like it

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.

  • Generous sign-up bonus -The Scotiabank Gold American Express® offers a way for new cardholders to quickly stockpile points. It lets you earn 20,000 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.
Credit Card snapshot

Scotiabank Gold American Express® Card review

Great reasons to get the Scotiabank Gold American Express Card for your everyday purchases.

Earn 20,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in first 3 months†

5x

eat in & eat out

Earn 5x Scotia Rewards points for every $1 CDN spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.

watch & cheer

Earn 5x Scotia Rewards points for every $1 CDN spent on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.


3x

ride & drive

Earn 3x Scotia Rewards points for every $1 CDN spent on eligible gas and daily transit.Includes rideshare, buses, taxis, subway, and more.

listen & stream

Earn 3x Scotia Rewards points for every $1 CDN spent on eligible select streaming services.

1x

everything else

Earn 1xScotia Rewards point for every $1 spent on every other purchase.

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
Apply Now Full Review
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: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Free hotel stays
  • Loyalty rewards
  • Airline conversion
  • Shopping and travel protection
  • No foreign transaction fees
  • Upgraded status
Apply Now Full Review
Why we like it

While geared towards hotel rewards, the Marriott Bonvoy Amex Credit Card is also a great card for travelers with a multitude of redemption options as well as valuable travel and shopping benefits. The free hotel stays are enough to pay for the annual fee. And when combined with the flexible travel points, this credit card is one of the best choices for both hotel and travel benefits.

 

 

  • Free hotel stays – Points can be redeemed for free nights with no blackout dates at more than 7,000 affiliated hotels. Plus, this credit card gives you a Free Night Award every year after your membership anniversary.
  • Loyalty rewards – Earn 6x base points per dollar at Marriott-affiliated properties when you use the card and 11x base points per dollar for being a Marriott member. This gives you 17x points per dollar or more!
  • Airline conversion – Points are transferrable to more than 40 airlines.
  • Shopping and travel protection – Get protected against travel emergencies and accidents, car rental theft and damage, flight and baggage delay, and hotel or motel burglary.
  • No foreign transaction fees – Perfect for online and overseas purchases.
  • Upgraded status – Get complimentary Silver Elite Member Status or a fast track to Gold Elite status by spending $30,000 in a calendar year.
Credit Card snapshot

Review of Marriott BonvoyTM American Express®

WELCOME BONUS OFFER

  • New Marriott Bonvoy™ American Express® Cardmembers earn 60,000 Welcome Bonus points after you charge $3,000 in net purchases to your Card in your first three months of Cardmembership*
  • Plus, get a $120 statement credit when you charge $10,000 in net purchases to your card in your first twelve months of card membership. Offer subject to change at any time*


ANNUAL FREE NIGHT AWARD
Receive an Annual Free Night Award4 after your anniversary each year 

  • Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties

  • Earn 2 points for every $1 in all other Card purchases

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply
Details
Annual Fee: $25
Purchases Interest Rate: 11.9%
Cash Advance Interest Rate: 11.9%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
Low Interest Rate
Insurance Coverage 
Price Protection Service
Apply Now Full Review
Why we like it
This card is perfect for any Canadian resident who wants a low-interest rate and coverage. With it, you can gain access to comprehensive travel insurance, price protection, zero liability protection, enhanced security, tap & pay, and worldwide acceptance.

Low Interest Rate :Reduce your interest on purchases, cash advances and balance transfers.

Insurance Coverage: Shop confidently knowing that your eligible purchases are well-protected when you make them using your card.

Price Protection Service: If you find a lower price within 60 days of your purchase the difference will be refunded – up to $500.
Credit Card snapshot
HSBC +Rewards™ Mastercard® review

Welcome offer

Apply for an HSBC +RewardsTM Mastercard® by September 27th and get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($25 value)

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


HSBC Plus Rewards Program

2x Rewards on eligible dining and entertainment

Earn 1 Point for every $1 on all other everyday purchases*.

Redeem your Points your way – The choice is yours.

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards


*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 license

Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent (670-900)
Why we like it?
  • Potential to earn 10,000 Membership Reward points
  • Points can be redeemed towards eligible purchases to reduce credit card bill
  • Early access to concerts and other events
Apply Now Full Review
Why we like it

American Express - Choice Card

  • Welcome bonus: Earn 10,000 Bonus Membership Rewards® points when you charge $1,000 in purchases to your Card in your first three months of Cardmembership
  • Cardholders earn one Membership Reward point for every $1 spent with the card
  • Points can be redeemed toward eligible card purchases, such as groceries, dining out, and streaming services
  • Front of the Line ticket access for concerts, dining, film, and other experiences with American Express Invites
The American Express Choice Card is a points card that comes with a variety of benefits. Members receive points on every purchase and can redeem them for bill credits, gift cards, travel purchases, and eligible purchases on Amazon.ca. The card also includes special access to concerts, dining, and other experiences. As with all American Express cards, the Choice Card comes with 24/7 access to customer care, fraud protection, and emergency card replacements when needed.
Credit Card snapshot
Choice Card from American Express™ Review

WELCOME BONUS OFFER

New Choice Card from American ExpressTM   Cardmembers, earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership

EARN RATE
Earn 1 point for every $1 in Card purchases.3

Earn Points

Get rewarded on things you love.
  • Earn 1x the points on Card purchases3
 
Redeem Points

With your Choice Card from American ExpressTM, you can redeem your points for great rewards.
  • From groceries, streaming services, eats & drinks to travel – you can redeem your points towards eligible Card purchases

COVER YOUR CARD PURCHASES WITH POINTS

Charge an eligible purchase to your Card and redeem your Membership Rewards points for a statement credit (Eligible travel purchases: 1,000 points = $10 statement credit. All other eligible purchases: 1,000 points = $7 statement credit).5


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

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.