We present our ranking of the best credit cards in Canada in 2022.
You can find our methodology here.
As we keep saying, the market is divided into two main categories in Canada: “cash back” and “travel rewards”. Thus, we have organized our 2022 Award ranking to take this into account:
- The Best Cash Back Credit Cards in Canada in 2022
- The Best Travel Rewards Credit Cards in Canada in 2022
And we have added a third classification for cards that do not fit into these two broad categories:
Below is a summary of the awards earned by the different credit cards in Canada. And below, find the details of the ranking.
2022 Awards Summary
The top credit card winners across all networks are shown below.
Please note that we have produced the same ranking for each network (American Express, Mastercard and Visa). The winning credit card is listed, by network, for each of these categories.
The Best Cash Back Credit Cards in Canada in 2022:
The Best Travel Rewards Credit Cards in Canada in 2022:
The Best Credit Cards – Other Categories in Canada in 2022:
Cash Back
Here are the Best Cash Back Credit Cards in Canada in 2022.
Best Cash Back Card 2022
All networks

The CIBC Dividend® Visa Infinite* Card is the Best Cash Back Credit Card in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 4% on gas and groceries, 2% on transportation, dining and recurring payments and 1% on everything else
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
American Express

The American Express Cobalt® Card is the Best American Express Cash Back Credit Card in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, food delivery, restaurants and bars, convenience stores, 3% on streaming subscriptions, 2% on gas, transit, travel and 1% on everything else
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
Mastercard

The BMO® CashBack® World Elite®* Mastercard®* is the Best Mastercard Cash Back Credit Card in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, 4% on transit, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases.
- The minimum cash back redemption amount is $1
- Roadside assistance
- Accepted at almost every retailer worldwide
Visa

The CIBC Dividend® Visa Infinite* Card is the Best Visa Cash Back Credit Card in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 4% on gas and groceries, 2% on transportation, dining and recurring payments and 1% on everything else
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
No Annual Fee
All networks

The BMO® CashBack® Mastercard®* is the Best Cash Back Credit Card with No Annual Fee in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 3% on groceries, 1% on recurring bill payments such as streaming services, subscriptions or monthly utilities and 0.5% on all other purchases
- The minimum cash back redemption amount is $1
- Accepted at almost every retailer
American Express

The American Express® Green Card is the Best American Express Cash Back Credit Card with No Annual Fee in 2022 in Canada for these reasons:
- Flexible Rewards
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
Mastercard

The BMO® CashBack® Mastercard®* is the Best Mastercard Cash Back Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 3% on groceries, 1% on recurring bill payments such as streaming services, subscriptions or monthly utilities and 0.5% on all other purchases
- The minimum cash back redemption amount is $1
- Accepted at almost every retailer
Visa

The CIBC Dividend® Visa* Card is the Best Cash Back Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- Cash back earning rate on everyday purchases: 2% on groceries, 1% on gas, transit and dining and 0.5% on all other purchases
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
- No minimum income required
- No annual fee
Small Business
All networks

The American Express Business Edge™ Card is the Best Cash Back Credit Card For Business in 2022 in Canada for these reasons:
- High cash back earning rate on everyday business purchases: 3% on office supplies, electronics purchases, transit, gas, restaurants and bars, and 1% on everything else
- The minimum cash back redemption amount is $10 (1,000 points)
- Low Annual Fee for a Business Card
American Express

The American Express Business Edge™ Card is the Best American Express Cash Back Credit Card For Business in 2022 in Canada for these reasons:
- High cash back earning rate on everyday business purchases: 3% on office supplies, electronics purchases, transit, gas, restaurants and bars, and 1% on everything else
- The minimum cash back redemption amount is $10 (1,000 points)
- Up to 99 free supplementary cards for employees
- Low Annual Fee for a Business Card
Mastercard

The BMO CashBack® Business Mastercard®* is the Best Mastercard Cash Back Credit Card for Business in 2022 in Canada for these reasons:
- High cash back earning rate on everyday business purchases: 1.75% at Shell, 1.5% on gas and office supplies purchases, and recurring cell phone and Internet bill payments
- The minimum cash back redemption amount is $1
- Accepted at almost every retailer worldwide
- No annual fee
Visa

The TD Business Visa* Card is the Best Cash Back Visa Business Credit Card of 2022 in Canada for these reasons:
- 2% cash back on eligible purchases of office supplies, gas, recurring bill payments
- Accepted at almost every retailer
- No annual fee
Grocery
All networks

The CIBC Dividend® Visa Infinite* Card is the Best Cash Back Credit Card for Groceries in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 4% on gas and groceries, 2% on transportation, dining and recurring payments and 1% on everything else
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
American Express

The American Express Cobalt® Card is the Best American Express Cash Back Credit Card for Groceries in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, food delivery, restaurants and bars, convenience stores, 3% on streaming subscriptions, 2% on gas, transit, travel and 1% on everything else
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
Mastercard

The BMO® CashBack® World Elite®* Mastercard®* is the Best Mastercard Cash Back Credit Card for Groceries in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, 4% on transit, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases.
- The minimum cash back redemption amount is $1
- Roadside assistance
- Accepted at almost every retailer worldwide
Visa

The CIBC Dividend® Visa Infinite* Card is the Best Visa Cash Back Credit Card for Groceries in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 4% on gas and groceries, 2% on transportation, dining and recurring payments and 1% on everything else
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
Gas and Transit
All networks

The BMO® CashBack® World Elite®* Mastercard®* is the Best Cash Back Credit Card for Gas and Transit in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, 4% on transit, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases.
- The minimum cash back redemption amount is $1
- Roadside assistance
- Accepted at almost every retailer worldwide
American Express

The American Express Cobalt® Card is the Best American Express Cash Back Credit Card for Gas and Transit in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, food delivery, restaurants and bars, convenience stores, 3% on streaming subscriptions, 2% on gas, transit, travel and 1% on everything else
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
Mastercard

The BMO® CashBack® World Elite®* Mastercard®* is the Best Mastercard Cash Back Credit Card for Gas and Transit in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 5% on groceries, 4% on transit, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases.
- The minimum cash back redemption amount is $1
- Roadside assistance
- Accepted at almost every retailer worldwide
Visa

The CIBC Dividend® Visa Infinite* Card is the Best Visa Cash Back Credit Card for Gas and Transit in 2022 in Canada for these reasons:
- High cash back earning rate on everyday purchases: 4% on gas and groceries, 2% on transportation, dining and recurring payments and 1% on everything else
- The minimum cash back redemption amount is $25
- Accepted at almost every retailer
Students
All networks

The BMO® CashBack® Mastercard®* for Students is the Best Cash Back Credit Card For Students in Canada for 2022.
- High cash back earning rate on everyday purchases: 3% on groceries, 1% on recurring bill payments such as streaming services, subscriptions or monthly utilities and 0.5% on all other purchases
- The minimum cash back redemption amount is $1
- Accepted at almost every retailer
- No minimum income required
- No annual fee
American Express

The SimplyCash™ from American Express is the Best American Express Cash Back Credit Card For Students in 2022 in Canada for these reasons:
- 1.25% cash back on all purchases
- No minimum income required
- No annual fee
Mastercard

The BMO® CashBack® Mastercard®* for Students is the Best Mastercard Cash Back Credit Card For Students in Canada for 2022.
- High cash back earning rate on everyday purchases: 3% on groceries, 1% on recurring bill payments such as streaming services, subscriptions or monthly utilities and 0.5% on all other purchases
- Accepted at almost every retailer
- No minimum income required
- No annual fee
Visa

The CIBC Dividend® Visa* Card for Students is the Best Visa Cash Back Credit Card for Students in 2022 in Canada for these reasons:
- Cash back earning rate on everyday purchases: 2% on groceries, 1% on gas, transit and dining and 0.5% on all other purchases
- Free registration to the SPC program offering discounts to students
- Accepted at almost every retailer
- No minimum income required
- No annual fee
Dining
All networks

The American Express Cobalt® Card is the Best Cash Back Credit Card For Restaurant and Food Delivery in 2022 in Canada for these reasons:
- 5% cash back on dining and food delivery
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
American Express

The American Express Cobalt® Card is the Best American Express Cash Back Credit Card For Dining and Food Delivery in Canada for 2022 for these reasons:
- 5% cash back on dining and food delivery
- The minimum cash back redemption amount is $10 (1,000 points)
- No minimum income required
Mastercard

The Desjardins Cash Back World Elite® Mastercard® is the Best Mastercard Cash Back Credit Card For Dining in 2022 in Canada for these reasons:
- 3% cash back on dining
- Accepted at almost every retailer worldwide
Visa

The Desjardins Odyssey® Visa* Infinite Privilege Card is the Best Visa Cash Back Credit Card For Dining and Food Delivery in 2022 in Canada for these reasons:
- 4% cash back on dining
- Accepted at almost every retailer worldwide
Travel Rewards
Here are the Best Travel Rewards Credit Cards in Canada in 2022.
Best Travel Credit Card 2022
All networks

The American Express Cobalt® Card is the Best Travel Credit Card in Canada for 2022 for these reasons:
- Earning categories
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- Travel insurance
- No minimum income required
American Express

The American Express Cobalt® Card is the Best American Express Travel Credit Card in Canada for 2022 for these reasons:
- Earning categories
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- Travel insurance
- No minimum income required
Mastercard

The HSBC World Elite® Mastercard® is the Best Mastercard Travel Credit Card in 2022 in Canada for these reasons:
- Earning rate on travel purchases (6 points per dollar or 3%)
- No Foreign Transaction Fee
- $100 Annual Travel Credit
- Flexible Rewards
- Accepted at almost every retailer worldwide
Visa

The Scotiabank Passport™ Visa Infinite* Card is the Best Visa Travel Credit Card in 2022 in Canada for these reasons:
- 6 Complimentary airport lounge access
- No Foreign Transaction Fee
- Flexible Rewards
- Full travel insurance
- Accepted at almost every retailer worldwide
Aeroplan
All networks

The TD® Aeroplan® Visa Infinite* Card is the Best Aeroplan Credit Card in 2022 in Canada for these reasons:
- Air Canada Benefits for Cardmembers
- Rewards earned with everyday purchases
- Travel Insurance when redeeming Aeroplan Points
- Accepted at almost every retailer
American Express

The American Express® Aeroplan®* Card is the Best American Express Aeroplan Credit Card in 2022 in Canada for these reasons:
- Air Canada Benefits for Cardmembers
- Rewards earned with everyday purchases
- Travel Insurance when redeeming Aeroplan Points
- No minimum income required
Mastercard
There are no Mastercard Aeroplan credit cards in Canada.
Visa

The TD® Aeroplan® Visa Infinite* Card is the Best Visa Aeroplan Credit Card in 2022 in Canada for these reasons:
- Air Canada Benefits for Cardmembers
- Rewards earned with everyday purchases
- Travel Insurance when redeeming Aeroplan Points
- Accepted at almost every retailer
AIR MILES
All networks

The BMO® AIR MILES® World Elite®* Mastercard®* is the Best AIR MILES Credit Card in 2022 in Canada for these reasons:
- AIR MILES benefits for Cardmembers when booking flight rewards
- Rewards earned with everyday purchases (AIR MILES partners)
- Full travel insurance
- Accepted at almost every retailer
American Express

The American Express® AIR MILES®* Platinum Credit Card is the Best American Express AIR MILES Credit Card in 2022 in Canada for these reasons:
- Rewards earned with everyday purchases
- No minimum income required
Mastercard

The BMO® AIR MILES® World Elite®* Mastercard®* is the Best Mastercard AIR MILES Credit Card in 2022 in Canada for these reasons:
- AIR MILES benefits for Cardmembers when booking flight rewards
- Rewards earned with everyday purchases (AIR MILES partners)
- Full travel insurance
- Accepted at almost every retailer
Visa
There are no Visa AIR MILES credit cards in Canada.
Insurance
All networks

The National Bank World Elite Mastercard® is the Best Credit Card For Travel Insurance in 2022 in Canada for these reasons:
- Generous insurance coverage for travel and everyday purchases
- Award-winning customer service
- Up to $250 in Annual Travel Credits
- Accepted at almost every retailer worldwide
American Express

The Scotiabank Platinum American Express® Card is the Best American Express Credit Card For Travel Insurance in 2022 in Canada for these reasons:
- Excellent travel insurance coverage
- Earning categories
- Flexible Rewards
- 10 Complimentary airport lounge access
- Personal income required: $12,000
Mastercard

The National Bank World Elite Mastercard® is the Best Mastercard Credit Card For Travel Insurance in 2022 in Canada for these reasons:
- Generous insurance coverage for travel and everyday purchases
- Award-winning customer service
- Up to $250 in Annual Travel Credits
- Accepted at almost every retailer worldwide
Visa

The Desjardins Odyssey® Gold Visa* Card is the Best Visa Credit Card For Travel Insurance in 2022 in Canada for these reasons:
- Generous travel insurance coverage
- Accepted at almost every retailer worldwide
- No minimum income required
No Annual Fee
All networks

The American Express® Green Card is the Best Travel Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- Ease of points redemption
- Travel Partners (American Express Membership Rewards program)
- Flexible Rewards
- No minimum income required
American Express

The American Express® Green Card is the Best Travel Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- Ease of points redemption
- Travel Partners (American Express Membership Rewards program)
- Flexible Rewards
- No minimum income required
Mastercard

The MBNA Rewards Platinum Plus® Mastercard® is the Best Mastercard Travel Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- Earning categories for everyday purchases
- Anniversary bonus upon card renewal
- Ease of points redemption
- No minimum income required
Visa

The SCENE Visa Card is the Best Visa Travel Credit Card With No Annual Fee in 2022 in Canada for these reasons:
- Scene+ program (flexible rewards including Travel)
- Earn 1 point per dollar on all purchases (= 1% in travel rewards)
- No minimum income required
No Foreign Transaction Fee
All networks

The HSBC World Elite® Mastercard® is the Best No Foreign Transaction Fee Credit Card in 2022 in Canada for these reasons:
- Earning rate on travel purchases (6 points per dollar or 3%)
- No Foreign Transaction Fee
- $100 Annual Travel Credit
- Flexible Rewards
- Accepted at almost every retailer worldwide
American Express

The Scotiabank Gold American Express® Card is the Best American Express No Foreign Transaction Fee Credit Card in 2022 in Canada for these reasons:
- Earning categories
- Flexible Rewards
- No Foreign Transaction Fee
- Travel insurance
- Minimum income required: $12,000
Mastercard

The HSBC World Elite® Mastercard® is the Best Mastercard No Foreign Transaction Fee Credit Card in 2022 in Canada for these reasons:
- Earning rate on travel purchases (6 points per dollar or 3%)
- No Foreign Transaction Fee
- $100 Annual Travel Credit
- Flexible Rewards
- Accepted at almost every retailer worldwide
Visa

The Scotiabank Passport™ Visa Infinite* Card is the Best Visa No Foreign Transaction Fee Credit Card in 2022 in Canada for these reasons:
- 6 Complimentary airport lounge access
- No Foreign Transaction Fee
- Flexible Rewards
- Full travel insurance
- Accepted at almost every retailer worldwide
Small Business
All networks

The Business Platinum Card® from American Express is the Best Travel Credit Card for Business in 2022 in Canada for these reasons:
- Complimentary access to over 1,300 airport lounges worldwide
- Travel Partners (American Express Membership Rewards program)
- Cardmember benefits at select hotels and restaurants
- Full travel insurance
American Express

The Business Platinum Card® from American Express is the Best American Express Travel Credit Card for Business in 2022 in Canada for these reasons:
- Complimentary access to over 1,300 airport lounges worldwide
- Travel Partners (American Express Membership Rewards program)
- Cardmember benefits at select hotels and restaurants
- Full travel insurance
Mastercard

The BMO Ascend World Elite Mastercard for Business is the Best Corporate Travel Credit Card – Mastercard in 2022 in Canada.
- Earning categories for common business purchases
- 2 Complimentary airport lounge access
- Virtual health care services on demand
- Accepted at almost every retailer worldwide including Costco
Visa

The RBC Avion Visa Infinite Business Card is the Best Visa Travel Credit Card For Business in 2022 in Canada for these reasons:
- Flexible Rewards (RBC Rewards program)
- Fixed Reward Chart for Flights
- Accepted at almost every retailer worldwide
Grocery
All networks

The American Express Cobalt® Card is the Best Travel Credit Card for Groceries in Canada for 2022 for these reasons:
- Earning categories
- 5 points per dollar on groceries (= 5% in travel rewards)
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- No minimum income required
American Express

The American Express Cobalt® Card is the Best American Express Travel Credit Card for Groceries in Canada for 2022 for these reasons:
- Earning categories
- 5 points per dollar on groceries (= 5% in travel rewards)
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- No minimum income required
Mastercard

The Desjardins Odyssey® World Elite® Mastercard is the Best Mastercard Travel Credit Card For Groceries in 2022 in Canada for these reasons:
- 3% per dollar in travel rewards on groceries
- Full travel insurance
- Accepted at almost every retailer
Visa

The BMO eclipse Visa Infinite* Card is the Best Visa Travel Credit Card For Groceries in 2022 in Canada for these reasons:
- 5 points per dollar on groceries (= 3.33% in travel rewards)
- $50 Annual Credit on any purchase
- Accepted at almost every retailer
Gas and Transit
All networks

The BMO eclipse Visa Infinite* Card is the Best Travel Credit Card For Gas and Transit in 2022 in Canada for these reasons:
- 5 points per dollar on gas and transit (= 3.33% in travel rewards)
- $50 Annual Credit on any purchase
- Accepted at almost every retailer
American Express

The Scotiabank Gold American Express® Card is the Best American Express Travel Credit Card For Gas and Transit in 2022 in Canada for these reasons:
- 3 points per dollar on gas and transit (= 3% in travel rewards)
- Flexible Rewards
- No Foreign Transaction Fee
- Travel insurance
- Minimum income required: $12,000
Mastercard

The Desjardins Odyssey® World Elite® Mastercard is the Best Mastercard Travel Credit Card For Gas and Transit in 2022 in Canada for these reasons:
- 2% per dollar on transit and 1.5% on gas
- Full travel insurance
- Accepted at almost every retailer
Visa

The BMO eclipse Visa Infinite* Card is the Best Visa Travel Credit Card For Gas and Transit in 2022 in Canada for these reasons:
- 5 points per dollar on gas and transit (= 3.33% in travel rewards)
- $50 Annual Credit on any purchase
- Accepted at almost every retailer
Students
All networks

The CIBC Aventura Visa* Card for Students is the Best Travel Credit Card For Students in 2022 in Canada for these reasons:
- Earning categories for everyday purchases
- Free registration to the SPC program offering discounts to students
- Insurance coverage
- Accepted at almost every retailer
- No minimum income required
- No annual fee
American Express

The Scotiabank American Express® Card is the Best American Express Travel Credit Card For Students in 2022 in Canada for these reasons:
- Flexible Rewards
- Travel insurance
- No minimum income required
- No annual fee
Mastercard

The BMO® AIR MILES® Mastercard®* For Students is the Best Mastercard Travel Credit Card For Students in 2022 in Canada for these reasons:
- Rewards earned with everyday purchases (AIR MILES partners)
- Accepted at almost every retailer
- No minimum income required
- No annual fee
Visa

The CIBC Aventura Visa* Card for Students is the Best Visa Travel Credit Card For Students in 2022 in Canada for these reasons:
- Earning categories for everyday purchases
- Free registration to the SPC program offering discounts to students
- Insurance coverage
- Accepted at almost every retailer
- No minimum income required
- No annual fee
Premium
All networks

The Platinum Card® from American Express is the Best Premium Travel Card in 2022 in Canada for these reasons:
- Complimentary access to over 1,300 airport lounges worldwide
- Elite Status with several hotel loyalty programs
- Cardmembers benefits at renowned hotels and restaurants
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- Full travel insurance
- No minimum income required
American Express

The Platinum Card® from American Express is the Best American Express Premium Card in 2022 in Canada for these reasons:
- Complimentary access to over 1,300 airport lounges worldwide
- Elite Status with several hotel loyalty programs
- Cardmembers benefits at renowned hotels and restaurants
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- Full travel insurance
- No minimum income required
Mastercard

The National Bank World Elite Mastercard® is the Best Mastercard Premium Credit Card in 2022 in Canada for these reasons:
- Generous insurance coverage for travel and everyday purchases
- Flexible Rewards: flights, vacation packages, car rentals, hotel stays, cruises, condominium and cottage reservations, tours, camping, personal finance, gift cards, and more
- Up to $250 in Annual Travel Credits
- Unlimited access to the National Bank Lounge for the cardholder, one guest and up to 2 children
- Accepted at almost every retailer worldwide
Visa

The Desjardins Odyssey® Visa* Infinite Privilege Card is the Best Visa Premium Credit Card in 2022 in Canada for these reasons:
- 4% BONUSDOLLARS on restaurants, entertainment, centers, public transportation; 3% on groceries and travel and 1.75% on all other purchases
- Full travel insurance
- 6 Complimentary airport lounge access
- Concierge service
- Accepted at almost every retailer worldwide
Hotels
All networks

The Marriott Bonvoy™ American Express® Card is the Best Hotel Credit Card in 2022 in Canada for these reasons:
- Points can be redeemed at over 7,000 hotels worldwide
- Annual Free Night Award at Card renewal
- Marriott Bonvoy Benefits (Elite status and Earning Rate)
- No minimum income required
American Express

The Marriott Bonvoy™ American Express® Card is the Best American Express Hotel Credit Card in 2022 in Canada for these reasons:
- Points can be redeemed at over 7,000 hotels worldwide
- Annual Free Night Award at Card renewal
- Marriott Bonvoy Benefits (Elite status and Earning Rate)
- No minimum income required
Mastercard

The Best Western Rewards® Mastercard is the Best Mastercard Hotel Credit Card in 2022 in Canada for these reasons:
- Points can be redeemed at over 4,700 hotels worldwide
- No annual fee
- No minimum income required
Visa
There are no Visa hotel credit cards in Canada.
Flexible Rewards
All networks

The American Express Cobalt® Card is the Best Travel Credit Card with Flexible Rewards in Canada for 2022 for these reasons:
- Earning categories
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- No minimum income required
American Express

The American Express Cobalt® Card is the Best American Express Travel Credit Card with Flexible Rewards in Canada for 2022 for these reasons:
- Flexible Rewards: point transfers, flights, vacation packages, car rentals, hotel stays, cruises, condominium and cottage reservations, tours, camping, gift cards, and more
- Earning categories
- Travel Partners (American Express Membership Rewards program)
- Attractive Flight Reward Chart
- No minimum income required
Mastercard

The National Bank World Elite Mastercard® is the Best Mastercard Travel Credit Card With Flexible Rewards in 2022 in Canada for these reasons:
- Flexible Rewards: flights, vacation packages, car rentals, hotel stays, cruises, condominium and cottage reservations, tours, camping, personal finance, gift cards, and more
- Generous insurance coverage for travel and everyday purchases
- Up to $250 in Annual Travel Credits
- Accepted at almost every retailer worldwide
Visa

The RBC Avion Visa Infinite Card is the Best Visa Travel Credit Card With Flexible Rewards in 2022 in Canada for these reasons:
- Flexible Rewards: transfer points to airline partners, flights, vacation packages, car rentals, hotel stays, cruises, personal finance, gift cards, and more
- Attractive Flight Reward Chart
- Accepted at almost every retailer worldwide
Dining
All networks

The American Express Cobalt® Card is the Best Travel Credit Card For Dining and Food Delivery in 2022 in Canada for these reasons:
- Earning categories
- 5 points per dollar on dining and food delivery (= 5% in travel rewards)
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- No minimum income required
American Express

The American Express Cobalt® Card is the Best American Express Travel Credit Card For Dining and Food Delivery in 2022 in Canada for these reasons:
- Earning categories
- 5 points per dollar on dining and food delivery (= 5% in travel rewards)
- Flexible Rewards
- Travel Partners (American Express Membership Rewards program)
- No minimum income required
Mastercard

The BMO Ascend World Elite Mastercard is the Best Travel Credit Card for Restaurants and Food Delivery – Mastercard in 2022 in Canada for these reasons:
- 3 points per dollar on dining (= 2% in travel rewards)
- 4 Complimentary airport lounge access
- Full travel insurance
- Accepted at almost every retailer
Visa

The BMO eclipse Visa Infinite* Card is the Best Visa Travel Credit Card For Dining and Food Delivery in 2022 in Canada for these reasons:
- 5 points per dollar on dining and food delivery (= 3.33% in travel rewards)
- $50 Annual Credit on any purchase
- Accepted at almost every retailer
Frequent Flyers
All networks

The American Express® Aeroplan®* Reserve Card is the Best Credit Card For Frequent Flyers in 2022 in Canada for these reasons:
- Air Canada benefits such as Maple Leaf Lounge access
- Benefits for Aeroplan Elite Status
- Highest point earning rate for Air Canada purchases
- Travel insurance
American Express

The American Express® Aeroplan®* Reserve Card is the Best American Express Frequent Flyer Credit Card in 2022 in Canada for these reasons:
- Air Canada benefits such as Maple Leaf Lounge access
- Benefits for Aeroplan Elite Status
- Highest point earning rate for Air Canada purchases
- Travel insurance
Mastercard

The WestJet RBC World Elite Mastercard is the Best Mastercard Credit Card for Frequent Flyers in 2022 in Canada for these reasons:
- Benefits on WestJet flights
- Benefits for WestJet Rewards Elite status
- Travel insurance
- Accepted at almost every retailer worldwide
Visa

The TD® Aeroplan® Visa Infinite Privilege* Card is the Best Visa Credit Card for Frequent Flyers in 2022 in Canada for these reasons:
- Air Canada benefits such as Maple Leaf Lounge access
- Benefits for Aeroplan Elite Status
- 6 Complimentary airport lounge access
- Travel insurance
- Accepted at almost every retailer worldwide
Other categories
The following credit cards offer cash back or travel rewards.
But their main benefit is why they are among the Best Other Categories Credit Cards in Canada in 2022.
Low Interest

The HSBC +Rewards™ Mastercard® is the Best Low Interest Credit Card in 2022 in Canada for these reasons:
- Low annual interest rate on purchases, cash advances and balance transfers of 11.9%
- 1 to 2 points per dollar of purchases (= 0.5 to 1% in travel rewards)
- Accepted at almost every retailer worldwide
Newcomers

The National Bank mycredit Mastercard is the Best Credit Card For Newcomers in 2022 in Canada for these reasons:
- Specific approval criteria of the National Bank of Canada for Newcomers and its free 12-month accompaniment service on various subjects: daily life, legal, housing, personal finances and immigration
- 1% cash back on dining and recurring pre-authorized payments and 0.5% on all other purchases
- Accepted at almost every retailer worldwide
- No annual fee
Prepaid

The KOHO Premium Visa Prepaid Card is the Best Prepaid Card in 2022 in Canada for these reasons:
- Cash back on everyday purchases: 2% on transit, groceries and dining
- No Foreign Transaction Fee
- No credit check
- No minimum income required
Balance Transfer

The CIBC Select Visa* Card is the Best Balance Transfer Credit Card in 2022 in Canada:
- Recurring offer for 0% interest on balance transfers for up to 10 months, subject to a 1% transfer fee.
Methodology
Since 2015, on Milesopedia, we have analyzed nearly 200 credit cards offered to Canadians. You can find them in our credit card comparison tool. This comparison tool has been taken over by Protégez-Vous, confirming the credibility of our data.
In addition to our studies, we are also credit card users: we have – or have had – most of these credit cards in our wallets. This allows us to confirm or deny theoretical information through practice. Finally, we analyze the various feedbacks of tens of thousands of credit cardholders who share their experiences within the Milesopedia community about each of these products.
Each month, we update our rankings of the best credit card offers so that Canadians can find the best credit card offer today that fits their needs.
A credit card offer may be excellent at certain times of the year but not at others. That’s why it’s essential to keep up to date on current offers – primarily via our weekly newsletter.
On this page, we will not talk about offers but rather an evaluation based on the overall characteristics of each credit card. Several factors are thus considered to choose the Best Credit Card in 2022 in Canada by category like:
- Rewards earned on purchases (points, miles or cash back)
- Benefits offered (VIP lounge access, concierge, annual credit, etc.)
- Insurance coverage (travel, purchases, etc.)
- Annual fee
- Travel Partners
- Card acceptance in Canada and worldwide
- Income requirements
- the feedbacks of thousands of readers and cardholders who share their experiences with us in the milesopedia community
Distribution of the ranking
The credit card market can be divided into 3 main categories: cash back cards, travel rewards cards and cards for other situations.
Thus, we have decided to divide this annual ranking into 3 main categories:
- Cash back
- Travel Rewards
- Other categories
Then subdivide each, where possible, into 3 subcategories, representing the 3 main credit card networks offered in Canada:
- American Express
- Mastercard
- Visa
Because many readers regularly ask us for a credit card based on a network. We understand that this is an essential element in choosing a credit card.
American Express often stands out regarding the cash back or rewards earning rates offered. Also, most American Express credit cards do not require a minimum income. A major factor considering that on the Mastercard and Visa side, the most rewarding cards require a minimum individual or family income. However, this credit cards network is less accepted at retailers across the country – although this is changing.
Mastercard and Visa are the two main credit card networks in the country. However, there are some situations where one or the other of these networks must be favored.
Consumers will want to get a Mastercard credit card to pay for their purchases at Costco or to get World and World Elite Mastercard benefits (Wi-Fi access, LoungeKey airport lounges, etc.)
Other consumers may prefer to use a Visa credit card to get Visa Infinite and Visa Infinite Privilege Benefits (Visa Infinite Hotel Collection, Visa Infinite Privilege benefits at airports, hotels, etc.).