Best Credit Cards in Canada

Q: What are the best cash back credit cards?

Several excellent credit cards offer cash back rewards:- CIBC Dividend® Visa Infinite* Card; - Scotia Momentum® VISA Infinite +* Card; - TD Cash Back Visa Infinite* Card; - BMO CashBack® World Elite®* Mastercard®*; - RBC Cash Back Preferred World Elite Mastercard; - Tangerine Money-Back World Mastercard;

The best credit card - July 2026

What’s the best credit card in Canada? There is no single best credit card: the right choice depends on your profile and goals. To earn travel points, choose a travel card; to maximize your everyday savings, a cash back card; to reduce your interest, a balance transfer card; and to keep a card at no cost, a no annual fee card. Compare the best cards of the month in each category below.

Watch out: several of the most generous welcome bonuses only last a few days. See which credit card offers are ending soon before they disappear.

Best credit cards of the month

Here are the best credit cards in Canada this month:

Best Travel Credit Cards

Here are the best travel credit cards in Canada this month.

Best Cash Back Credit Cards

Here are the best cash back credit cards in Canada this month.

Best Aeroplan Credit Cards

Here are the five best Aeroplan credit cards in Canada this month.

Best Scene+ Credit Cards

Here are the top 5 Scene+ credit cards in Canada this month.

Best Balance Transfer Credit Cards

Here are the top 5 balance transfer credit cards in Canada this month.

Best No Annual Fee Credit Cards

Here are the 5 best no-fee credit cards in Canada this month.

Best Marriott Bonvoy Credit Cards

Here are the 5 best Marriott Bonvoy credit cards in Canada this month.

Best Small Business Credit Cards

Here are the best business credit cards in Canada this month.

Feel free to consult our Canada business guide for more information on starting a business and choosing your credit card.

Best Credit Cards for Beginners

Here are the top 5 credit cards for getting started with points in Canada this month.

Best Credit Cards for Insurance

Here are the 5 best credit cards for insurance in Canada this month.

Best Low-Interest Credit Cards

Here are the 5 best low-interest credit cards in Canada this month.

Best Prepaid Credit Cards

Here are the best prepaid credit cards in Canada this month.

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 workers, 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. This category also includes airline programs such as Aeroplan or hotel programs such as 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 the National Bank World Elite Mastercard, one of the best credit cards in Canada for insurance:

Out-of-province hospital insurance
Flight Cancellation
Trip Interruption Insurance
Flight delay
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 an annual fee for a credit card. 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: you have a grace period of 21 to 55 days, depending on the credit card, to pay your balance. If you only pay the minimum payment, the stated interest rate will be calculated from the date of your purchases. Some credit cards offer lower interest rates than others.
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 that have a different value than 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.

This value, updated regularly, can be found on each rewards program page and on the Milesopedia homepage.

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!

Frequently asked questions about the best credit cards in Canada

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

Frequently Asked Questions

How to choose a credit card in Canada?

To choose a credit card in Canada, start by comparing your spending habits (groceries, gas, travel), the type of rewards you want (points or cash back), annual fees, and included insurance. You can browse all the up-to-date offers above, then narrow it down based on your profile with our category picks.

What’s the best credit card in Canada?

There are over 200 credit cards in Canada. There is no “one best credit card” in Canada.

Several credit cards can match your needs:

Which 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’s the best Mastercard credit card in Canada?

There are over 90 Mastercard credit cards in Canada. Check out our Best Mastercard Credit Cards page.

What’s the best Visa credit card in Canada?

There are over 80 Visa credit cards in Canada. Check out our Best Visa Credit Cards page.

What are the best travel credit cards?

Several credit cards offer travel rewards and good insurance coverage:

What are the best cash back credit cards?

Several excellent credit cards offer cash back rewards:

What are the interest rates for credit cards in Canada?

Credit card interest rates in Canada generally range from 19% to 25%. However, some credit cards offer lower interest rates for purchases and balance transfers. It is important to compare the different offers and choose a credit card that suits your needs and your customer profile. Read the terms and conditions and fees associated with each credit card before committing.

What is the credit card conversion fee in Canada?

The credit card conversion fee is an additional charge that may be imposed when you use your credit card abroad or make a purchase in foreign currency. This charge is in addition to the exchange rate applied by your credit card and is usually expressed as a percentage of the purchase amount.

The credit card conversion fee is usually between 1% and 3% of the purchase amount. Some credit cards do not charge a conversion fee, while others may have a higher conversion fee. If you are using your credit card abroad or making purchases in foreign currencies, checking the conversion fees imposed by your card before making the purchase is essential.

There are several ways to reduce or avoid credit card conversion fees. You can use a credit card that does not charge a conversion fee or a debit or travel card to make purchases abroad. You may also want to use a credit card that offers favourable exchange rates, rather than one that charges high conversion fees.

Check out the best credit cards with no conversion fees.

How can I avoid paying a credit card interest rate?

Here are some ways to avoid paying a credit card interest rate:

Pay off your full balance each month: if you pay off your full balance each month, you won’t have to pay interest on your credit card debt.
Use a zero-interest credit card: Some credit cards offer zero-interest rates for a limited time. If you are able to pay off your debt before the end of this period, you will not have to pay any interest rate.
Transfer your debt to a zero-interest credit card: If you have high-interest debt on another credit card, you can transfer it to a zero-interest credit card to avoid paying interest. However, there is usually a balance transfer fee associated with this option.
Negotiate a lower interest rate with your credit card issuer: If you have a good credit history and are a good customer for your credit card issuer, you can try to negotiate a lower interest rate.

How can I avoid paying credit card cash advance fees?

Here are some ways to avoid paying credit card cash advance fees:

Avoid using the cash advance option: if you need cash quickly, it may be tempting to use the cash advance option on your credit card. However, this option usually comes with high fees and interest rates, so it’s best to avoid it if possible.
Use a personal loan or line of credit: If you need cash, you may want to consider taking out a personal loan or opening a line of credit. These options can often offer better interest rates and fees than a cash advance on a credit card.
Use a credit card that does not charge a cash advance fee: Some credit cards do not charge a cash advance fee. If you use such a card, you will not have to pay any additional fees when you use the cash advance option.
Ask a friend or family member for financial help: If you need emergency cash, you can try asking a friend or family member for financial help. This option may be less expensive than advancing funds on a credit card.
Use a savings account: If you have a savings account, you can try to withdraw money from it instead of using the cash advance option on your credit card. This option may be less expensive in the long run, although it may require some planning in the short term.

What is credit card cash back?

Credit card cash back is a reward offered by some credit cards that consists of a percentage of each purchase made with the card that is credited to the cardholder’s account. Cash back can be used to reduce the balance on the credit card or paid into a bank account.

Credit card cash back is typically offered on rewards credit cards, which are cards that offer rewards in the form of points or cash back for each purchase made with the card. Cash back rates generally range from 1% to 5% depending on the card and the type of purchase.

There are several ways to maximize credit card cash back. You can use your credit card to make purchases that offer higher cash back rates, or you can use your credit card to make purchases on which you already have a good price to get an additional reward. You can also try consolidating your purchases on one credit card to maximize the cash back you receive.