Best credit cards by category
The best credit cards offers of the month
In October 2020, several offers stand out from the competition by:
- offering more points, miles or cash back
- or a simple bonus you can get after the first purchase
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
HSBC World Elite® Mastercard®
The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.
For a limited time, you can get:
- Quebec: up to 130,000 points (or $650) with no minimum spend requirement
- Outside Quebec: up to 100,000 points ($550) after $5,000 in Card purchases in 6 months and a First-Year Annual Fee Rebate
Finally, with the HSBC World Elite® Mastercard® you get:
- $100 annual travel credit (for airport lounges, for example)
- Unlimited access to Boingo WiFi hotspots around the world
- 10% discount for hotel bookings on Expedia or Agoda
- Premium insurance for your travels and purchases
Finally, the HSBC World Elite® Mastercard® does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.
And it’s one of the best credit cards for Costco, earning 3 points per dollar there.
- 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
- 3 points per dollar for all other purchases
But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.
American Express Cobalt™ Card
The American Express Cobalt™ Card is the best American Express Credit Card.
You can get up to 30,000 Membership Rewards Points as a Welcome Bonus, that’s a $300 value. You can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card.
If you spend $500 in the 5x categories each month, you could get up to 60,000 points or $600 during the first year!
You can redeem your points in statement credits towards travel purchases or even on your everyday purchases. Or you can transfer your points to Marriott Bonvoy or Hilton Honors.
With the American Express Cobalt™ Card, you earn between 1 and 5 points per dollar:
|Category||Points per dollar|
|Restaurants and bars||5|
Besides, this Card provides premium insurance: Car Rental Theft and Damage Insurance, Baggage delay, Lost or Stolen Baggage, Flight delay, $250,000 Travel Accident, Hotel or motel burglary, Buyer’s Assurance® Protection Plan, Purchase Protection Guarantee.
American Express Business Edge™ Card
The American Express Business Edge™ Card is a small business credit card in Canada. The annual fee is only $99 and this credit card offers up to 42,000 Membership Rewards points in the first year, a $420 value.
You can earn 3 times the points on:
- Office supplies (Staples, etc.)
- electronic (Apple, Dell, etc.)
- Eats & Drinks
Besides, you can add up to 99 supplementary cards at no cost.
TD® Aeroplan® Visa Infinite* Card
With the TD® Aeroplan® Visa Infinite* Card, you earn 1.5 miles for every $1 spent on purchases for:
With the TD® Aeroplan® Visa Infinite* Card, you can earn up to 25,000 Aeroplan Miles:
- 15,000 Aeroplan Miles when you make your first Purchase with your Card
- 10,000 additional Aeroplan Miles (different rules depending on your province of residence)
- Plus, an Annual Fee Rebate for the Primary Cardholder (instead of $120)
- An Annual Fee Rebate for the 1st Additional Cardholder (instead of $50)
Apply by November 7, 2020 to get an Annual Fee Rebate for the Primary and 1st Additional Cardholder for the first year!
For Quebec Residents only: To receive the additional 10,000 Aeroplan Miles, you must keep your Account open, active and in good standing for 90 days after Account opening. Learn more and apply here.
For Residents outside of Quebec: To receive the additional 10,000 Aeroplan Miles, you must make $1,500 in Purchases on your Account, including your first Purchase, within 90 days of Account opening. Learn more and apply here.
Marriott Bonvoy™ American Express® Card
The Marriott Bonvoy™ American Express® Card is the best credit card for free hotel nights.
You can earn 50,000 Welcome Bonus points, enough for several free hotel nights at one of the 7,000 Marriott Bonvoy properties around the world. And you can earn 2 points per dollar on all your purchases.
Besides, you will receive an Annual Free Night Award after your anniversary each year (35,000 points value) and 15 Elite Night Credits each calendar year, counting for your Marriott Bonvoy status.
Finally, this Card has reliable insurance: Baggage delay, Lost or Stolen Baggage, $500,000 Travel Accident, Flight delay, Hotel or motel burglary, Car Rental Theft and Damage, Buyer’s Assurance® Protection Plan, Purchase Protection Guarantee.
BMO® AIR MILES® Business Mastercard®*
The BMO® AIR MILES® Business Mastercard®* is particularly attractive for AIR MILES collectors who want to split personal and business expenses.
You can get a welcome bonus of 3,000 AIR MILES Bonus Miles after $5,000 in card purchases ($310 value). In addition, the $120 annual fee is waived in the first year!
You earn 1 AIR MILES Reward Mile on every $10 you spend, Costco included. And 1.25X the Miles at Shell.
SimplyCash™ Preferred from American Express
SimplyCash™ Preferred from American Express is one of the only credit cards in Canada to earn a 2% cashback on all purchases. And there’s no limit to how much cash back you can earn!
Besides, with this welcome offer, you earn 10% cashback in your first 4 months (up to $400 cash back).
This Card stands out for its premium insurance: Car Rental Theft and Damage, $100,000 travel accident, Emergency medical insurance (outside the province or country), Lost or Stolen Baggage, Flight delay insurance and misdirected baggage, Hotel or motel burglary, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.
American Express® AIR MILES®* Platinum Credit Card
With the American Express® AIR MILES®* Platinum Credit Card, you can earn a Welcome Bonus of 3,000 AIR MILES Bonus Miles. That’s enough to redeem for $310 towards your purchases with AIR MILES Cash!
With this credit card, you can earn 1 Mile for every $5 in Card purchases in:
- Grocery stores
- Gas stations
- restaurants and bars
Besides, you get an annual travel credit.
Best Western Rewards Mastercard
If you’re looking for a credit card with no annual fee but with a welcome bonus, the Best Western Rewards® Mastercard is the card for you!
You earn 20,000 Best Western points after your first purchase! It can get you at least one free hotel night.
With this card you earn:
- 5 points per dollar at Best Western properties
- 1 point per dollar anywhere else, including Costco
BMO® AIR MILES® MasterCard®
With the BMO® AIR MILES® Mastercard®*, you get 950 Bonus Miles after $1,000 in Card purchases, which has a $110 value, including minimum expenses.
Besides, it’s a no-annual-fee credit card.
With the BMO® AIR MILES® Mastercard®*, you get 1 mile for every $20 you spend, Costco included.
And until December 31, 2020, you get 5x the Miles at Shell!
Scotiabank Gold American Express® Card
Scotiabank Gold American Express® Card only requires a $12,000 minimum income and is therefore accessible to as many people as possible.
For a limited time, you can get 25,000 points after $1,000 in credit card purchases, which is a $250 value for travels including Airbnb rentals.
With the Scotiabank Gold American Express® Card,you earn 5 points per dollar for:
- Grocery stores
You can redeem your points on travel purchases (flights, hotels, all-inclusive and even Airbnb).
Scotiabank’s American Express Gold Card also offers no foreign currency transactions fee, Premium insurance for your travels or purchases, Concierge services, Exclusive Benefits American Express (Front of the Line Program).