Best credit cards by category
Best Membership Rewards Credit cards
With those 3 cards, you get Membership Rewards points, which is certainly the best reward points program in Canada.
Definitely the most acclaimed credit card in the milesopedia community and the best credit card in Canada.
You can get a welcome bonus of 30,000 points (a $300 value) but which can be transformed into a 60,000 points when you spend $500 per month in bonus categories such as groceries, convenience stores, home food deliveries, restaurants and bars, where you get 5 points per dollar (and that’s the best credit card for groceries).
Until September 30, 2020, American Express Cobalt™ Cardmembers can redeem their points at a higher value for all purchases: 1,000 points = $10.
For example, 30,000 membership rewards have a $300 value on all purchases.
American Express® Gold Rewards Card
You can get a welcome bonus of 25,000 Membership Rewards points, a $250 value (or 25,000 Aeroplan miles).
And you earn 2 points per dollar for:
- Grocery stores
- Gas stations
- Drugstores
- Travel
Besides, it provides premium insurances.
American Express Business Edge™ Card
This credit card is a new one in Canada. With only a $99 annual fee, it offers up to 42,000 Membership Rewards points in the first year. It’s a $420 value.
Besides, you can get supplementary cards at no cost.