Best credit cards by category
The Best No FX Fees Credit cards
These 3 credit cards are the only ones in Canada that do not charge any conversion fees for foreign currency transactions. You save 2.5% for each transaction!
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
Scotiabank Passport™ Visa Infinite* Card
With the Scotiabank Passport™ Visa Infinite* Card, you get 20,000 points after only $1,000 in card purchases ($200 value).
And every year, if you charge at least $40,000 in purchases to your card, you’ll get a 10,000 annual bonus ($100 value).
With the Scotiabank Passport™ Visa Infinite* Card,you get 2 points per dollar you spend on:
- Grocery stores
- Restaurants
- Entertainment
- Transportation
You can redeem your points for any travel purchases (flights, hotels, all-inclusive and even Airbnb).
The Scotiabank Passport™ Visa Infinite* Card also offers:
- no foreign currency transactions fee
- 6 complimentary passes to airport VIP lounges
- Premium insurance for your travels or purchases
- Concierge services
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
- Restaurants
- Entertainment
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).
HSBC World Elite® Mastercard®
The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.
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.
You earn:
- 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
- 3 points per dollar for all other purchases
You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.).
But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.
Frequent Asked Questions about credit cards
Here are frequently asked questions in the milesopedia community about credit cards in Canada.
What is the best credit card in Canada?
There are more than 200 credit cards in Canada. There is no “one best credit card” in Canada.
Several credit cards can match your needs:
What is the best American Express credit card in Canada?
There are more than 30 American Express credit cards in Canada. Check out our best American Express Credit Cards page.
What is the best Mastercard credit card in Canada?
There are more than 90 Mastercard credit cards in Canada. Check out our Best Mastercard Credit Cards page.
What is the best Visa credit card in Canada?
There are more than 80 Visa credit cards in Canada. Check out our Best Visa Credit Cards page.