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Best Credit Card Offers in Canada and Quebec in April 2021

The best credit cards offers of the month

In April 2021, there are some great credit card offers available!

Below you will find the top 5 credit card offers per category for this month:

If you would like more information about credit cards in Canada and to know how we choose the offers, click here.

Best Credit Cards of the Month

Here are the top 5 Best Credit Card offers in Canada of the month.

Best No-Fee Credit Cards

Here are the 5 Best No-Fee Credit Card offers in Canada of the month.

Best Cash Back Credit Cards

Here are the 5 Best Cash Back Credit Card offers in Canada of the month.

Best Credit Cards For Beginners

Here are the top 5 Best Credit Card Offers For Beginners in Canada of the month.

Best Travel Credit Cards

Here are the top 5 Best Travel Credit Card Offers in Canada of the month.

Best Insurance Credit Cards

Here are the top 5 Best Insurance Credit Card Offers in Canada of the month.

Best AIR MILES Credit Cards

Here are the 5 Best AIR MILES Credit Card Offers in Canada of the month.

Best Aeroplan Credit Cards

Here are the 5 Best Aeroplan Credit Card Offers in Canada of the month.

Best Marriott Bonvoy Credit Cards

Here are the 5 Best Marriott Bonvoy Credit Card Offers in Canada of the month.

Best Small Business Credit Cards

Here are the 5 Best Small Business Credit Card Offers in Canada of the month.

Best Low-Interest Credit Cards

Here are the top 5 Best Low-Interest Credit Card offers in Canada of the month.

Best Balance Transfer Credit Cards

Here are the top 5 Best Balance Transfer Credit Card offers in Canada of the month.

Rankings By Category

By Reward Program

By Public

Travel

Specific needs

By Issuer

What you need to know about credit cards

How to choose a credit card in Canada

To choose a credit card in Canada, you need to know what you are looking for (and what you can get depending on your situation):

  • What is your income?
  • Rewards?
  • Benefits?
  • Insurance?
  • No-fee?
  • Low-interest?

You will then be able to choose the right credit card for you. To help you go through this, we compare more than 200 credit cards in Canada and rank them into nearly 30 categories.

Income required by credit cards in Canada

In Canada, credit card issuers generally require a minimum income to apply for a credit card.

It is a request from networks(American Express, Mastercard, Visa):

  • American Express: no minimum income – $12,000
  • Mastercard: $15,000 – $60,000 – $80,000
  • Visa: $15,000 – $60,000 – $200,000

As you can see, if your income is not high, your best chances to get a credit card is through the American Express network (American Express Canada or Scotiabank).

And if you are a student, there are student credit cards adapted to your situation.

This information can be found on every credit card page on milesopedia.

Also, if you are not an employee, you may qualify for one of the many credit card offers for self-employed, professionals or small business owners!

Credit cards rewards in Canada

There are three types of credit card rewards in Canada:

  • Cash back: the simplest way to go with a monthly/yearly credit to your credit card bill
  • Travel: all issuers offer travel reward cards. Also included in this category are some airline programs such as Aeroplan or hotels like Marriott Bonvoy. And some credit cards even allow you to use your points for Airbnb rentals.
  • Flexible: with some credit cards, you can redeem your points for cash back, travel rewards, or you can transfer them to other airline or hotel programs.

Credit card benefits in Canada

Credit cards in Canada often come with many benefits such as:

  • Zero liability guarantee in case of fraud
  • Pending transactions for car rentals, hotel bookings, etc.
  • Access to funds anywhere in the around the world
  • Contactless transactions
  • And more!

And travel benefits such as free wi-fi access with some Mastercard credit cards or VIP airport lounge passes!

Credit cards insurance in Canada

Most credit cards offer insurance for your purchases or travel. Generally, the higher the annual fee, the better the insurance.

For example, here are the insurances offered by National Bank’s World Elite Mastercard®, one of the best credit cards in Canada for insurance:

  • Out-of-province hospital insurance
  • Trip Cancellation Insurance
  • Trip Interruption Insurance
  • Departure flight delay insurance
  • Baggage insurance in case of delay
  • Lost or Stolen Baggage Insurance
  • Vehicle rental insurance
  • Theft of Personal Effects
  • Insurance against theft or breakage
  • Possibility of tripling the manufacturer’s warranty

Credit card annual fees in Canada

We generally advise you to start with a no-fee credit card. And to keep it as long as possible to help improve your credit score.

But you’ll soon realize that for rewards and benefits, it’s worth paying a credit card fee. You’ll earn more points as a welcome bonus, and for every purchase you charge to your card.

Take advantage of some credit card welcome offers waiving the first-year annual fee!

Credit card interest rates in Canada

Before earning rewards, it’s best to pay no interest on your credit card. For your information, here are the three types of credit card interest rates to be aware of:

  • Purchase interest rate: to pay your credit card balance, you have a grace period of 21 to 55 days, depending on the credit cards. If you pay only the minimum amount required, the interest rate shown will be calculated from the date of your purchases. Some issuers offer low-interest credit cards.
  • Cash Advance Interest Rate: This is the interest rate applied to ATM withdrawals made with your credit card.
  • Balance Transfer Interest Rate: This is the interest rate applied if you choose to transfer your credit balance from another institution to your credit card . Some credit cards have promotional balance transfer interest rates.

How we choose the credit card offers in our rankings

Each day, we analyze more than 200 credit card offers in Canada. We calculate the value you can get the first year with:

  • the welcome offer in points or cash rewards
  • the benefits coming with the credit card (statement credit, VIP airport lounge passes, etc)

Each rewards program offers points having a different value than the others. So, to simplify your search for a credit card in Canada, we evaluate each program to indicate a fair value, in Canadian dollars, for each type of point.

We update this value regularly: you can find it on each reward program page and the home page of milesopedia.

On this page, you’ll find the best credit card offers in Canada at the moment, by category, ranked according to the value of the offer.

For more suggestions, you can browse through each category or compare credit card offers with our search engine. This credit card search engine has many filters (network, issuer, reward type, loyalty program, annual fee, income, value, audience) to help you find the best credit card for your needs!

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.