Compare Canada's Best Credit Cards | 2022 | Milesopedia

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  • 5 points per dollar at grocery stores and restaurants
  • Up to $150 Annual Credit
  • Premium Insurance
Best Travel Credit Card in 2023

Exclusive Offer: Earn up to 70,000 points and the first-year annual fee is waived for the primary cardholder.

  • Earn up to 5 points per dollar in eligible grocery and restaurant purchases*
  • Earn 2 points per dollar in eligible gas and electric vehicle charging purchases, recurring bill payments and À la carte (TM) travel purchases*
  • Earn 1 point per 1 dollar in other purchases
  • Up to $150 each year in refund for travel expenses on airport parking, seat selection, check-in fees, airline ticket upgrades and access to airport lounges worldwide
  • Your credit card gives you access to a multitude of rewards. Our customers choose from several options to treat themselves with the points they have accumulated:
    • Get your hands on new electronics, kitchen accessories, gift cards and more
    • Make a payment on your credit card with your points
    • Contribute to your RRSP and TFSA
    • Make a donation to one of the participating charities
    • Plan a trip when you can travel again
    • And more!
  • Free and unlimited access along with one (1) guest to the National Bank Lounge at Montréal-Trudeau airport.
  • Enjoy up to 60 days’ coverage with our travel, trip cancellation/interruption, baggage loss and car rental insurance
  • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance
Legal

Duration of the promotion

October 3, 2022, to June 30, 2023

Participating partners

This promotion is valid only through strategic partners.

Card eligible for the promotion

National Bank World Elite® Mastercard® credit card.

Promotional advantages and terms and conditions of the promotion

To benefit from this promotion, sign up for the National Bank World Elite Mastercard credit card no later than June 30, 2023. You must sign up via the hyperlink contained in one of the promotional emails sent by one of our participating partners, via one of the promotional banners on their websites, or via one of their webpages.

  • Save on annual fees the first year:

The primary cardholder will be refunded their annual card fee the first year. The refund will appear as a fee and a credit on their statement no later than 4 months after the account was opened.

  • Bonus Rewards points

You will earn reward points or a combination of points as follows:

    • Welcome points

You will earn 30,000 reward points if you charge a net purchase amount of $5,000 to the credit card within 3 months of opening your account.

Points are earned on net purchases for a period of 3 months from when the account was opened. Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

    • Points when you sign up for credit card payment insurance

You will earn 10,000 reward points if you sign up for credit card payment insurance for a minimum of 3 months. To obtain your reward points, complete the sections related to the Credit Card Payment Protection (CCPP) on the credit card application when you open your account.

Your reward points will be added to your credit card account in a single disbursement and appear on your statement no later than 5 months after the account was opened.

    • Points earned on the 1st anniversary of account opening date

You will earn 30,000 reward points if you charge a net purchase amount of $12,000 to the credit card within 12 months of opening your account.

Points are earned on net purchases for a period of 12 months from when the account was opened. Your reward points will be added to your credit card account in a single disbursement and appear by the 2nd statement following your account anniversary date.

  • Reward points and refund conditions
    • Net purchases: The net purchase volume is the amount of purchases charged to the account minus returned items and refunds. Annual fees, balance transfers, cash advances (including transactions that can be directly converted to cash, such as money orders, bank transfers, travellers cheques and gaming transactions), interest charges and any other fees or adjustments not considered purchases are not included in the calculation of net purchases.
    • Account in good standing: The account must be open and in good standing at the time when annual fees are refunded or reward points are applied.
    • Reward limit: There is a limit of one cashback amount per category (welcome points, points for signing up for credit card payment insurance, and points earned on the 1st anniversary of the account opening date) per credit card account and per client during the promotion, regardless of the number of cards linked to the account.

Other conditions

  • The credit card is issued subject to credit approval by National Bank. Certain conditions apply.
  • You must not have a National Bank Mastercard credit card or have had one in the past 24 months.
  • The promotion may not be combined with another promotion applicable to National Bank credit cards, nor is it retroactive.
  • You must not be employed by us or by an entity in our group.
  • The promotion may be modified or withdrawn without notice.
  • Minimum purchase and insurance product required

*Grocery and Restaurant: The amount of points earned on grocery and restaurant purchases depends on the total gross monthly amount charged to the credit card account, regardless of the purchase category. You will earn 5 points for every dollar in eligible grocery and restaurant purchases The accumulation of 5 points per dollar of purchase is valid until a total of $2,500 in gross monthly purchases is charged to the account. After that, you will earn 2 points per dollar in eligible grocery and restaurant purchases. The total gross monthly amount is calculated based on your monthly billing period. Grocery purchases include any purchase made at a store that primarily sells food, i.e., grocery store, delicatessen, supermarket, greengrocer or specialty food store. Ready-to-eat meal services and meal delivery services are eligible. This definition excludes purchases made at retail stores and big box stores whose core business is the sale of non-food items. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points. Restaurant purchases include purchases at a restaurant, fast food restaurant, bar, nightclub or pub.

Gas and Electric Vehicle Charging: To earn 2 points per dollar in purchases, you will need to purchase gas or an electrical vehicle charge from a service station or from certain big-box stores. Certain merchants may sell products and services that appear identical or similar to those sold by eligible merchants, or may be separate merchants located on the same premises as eligible merchants, but are classified in different categories by Mastercard. For purchases at other merchants, you will only earn regular rewards points.

Recurring Bill: Recurring bill payments are defined as monthly or regular payments automatically charged by a merchant to your National Bank World Elite Mastercard credit card. Not all merchants offer recurring bill payments, and not all recurring payments are considered recurring bill payments. Certain payments therefore may not entitle you to earn more points.

À la Carte Travel: To earn 2 points per dollar in purchases, you must make your eligible purchases via the À la carte TravelTM Agency section of our À la carte RewardsTM site.

Other purchaseFor example, if each month you charge $400 in groceries, $200 in gas, $100 in recurring bill payments and $150 in other purchases to your card, your $850 in purchases will earn you 2,750 points, as follows: 2,000 points for grocery purchases (since the total gross monthly amount is $850, i.e., under $2,500), 400 points for gas purchases, 200 points for recurring bill payments and 150 points for other purchases.

Annual Fee
  • Primary card $150
  • Additional card $50
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Groceries5Points
  • Dining and Food delivery5Points
  • Gas2Points
Value
  • Year 1 $1,853
  • Year 2+ $923
Best For
Transfer Partners
  • BNC Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
60 day(s)
Travel medical insurance up to 64 years old
$5,000,000
31 day(s)
Travel medical insurance 65+
$5,000,000
15 day(s)
Trip Cancellation Insurance
$2,500
Trip Interruption Insurance
$5,000
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • 1.5% cash back on online purchases
  • Purchase Insurance
  • Accepted at Costco
  • Earn up to 1.5% cash back on eligible purchases (gas, groceries and online)
  • Earn unlimited 1% cash back on all other qualifying purchases
  • Earn a minimum of $25 cash back and access your account online to apply it to your credit card statement
  • Purchase insurance against theft or damage
  • Extended warranty
Legal

Credit card is issued subject to credit approval by National Bank. For new holders, certain conditions apply.

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $30
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Groceries1.5%
  • Gas1.5%
  • Online transactions1.5%
Value
  • Year 1 $252
  • Year 2+ $252
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No minimum income required
  • Purchase Insurance
  • Accepted at Costco
  • Earn up to 2 points per dollar spent on certain purchase categories*.
  • Reassuring protection. Travel with peace of mind thanks to our comprehensive insurance coverage up to 10 days
  • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance
  • Trip Cancellation and Trip Interruption Insurance
  • Flight and baggage delay insurance
  • Car rental insurance
  • Purchase insurance against theft or damage
  • Extended warranty
  • Mobile devices insurance against theft or damages for a period of up to 2 years
Annual Fee
  • Primary card $70
  • Additional card $35
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Groceries2Points
  • Dining and Food delivery2Points
  • Gas1.5Points
Value
  • Year 1 $209
  • Year 2+ $209
Best For
Transfer Partners
  • BNC Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
10 day(s)
Travel medical insurance up to 64 years old
$5,000,000
10 day(s)
Travel medical insurance 65+
$5,000,000
10 day(s)
Trip Cancellation Insurance
$1,000
Trip Interruption Insurance
$1,500
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
  • Earn up to 2 points per dollar spent
  • Benefit from a complete travel insurance
  • Out-of-Province Hospital Medical Insurance, Trip Interruption Insurance, Trip Cancellation Insurance, Flight Delay Insurance, Baggage Delay Insurance, Stolen or Lost Baggage Insurance
  • Medical, general and legal assistance
  • Purchase insurance against theft or damage
  • Extended warranty
Annual Fee
  • Primary card $115
  • Additional card $35
Annual Income Required
  • Individual $60,000
  • Household $100,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • All Spending1.25Points
  • Groceries1.25Points
  • Gas1.25Points
Value
  • Year 1 $155
  • Year 2+ $155
Best For
Transfer Partners
  • BNC Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
60 day(s)
Travel medical insurance up to 64 years old
$5,000,000
31 day(s)
Travel medical insurance 65+
$5,000,000
15 day(s)
Trip Cancellation Insurance
$2,500
Trip Interruption Insurance
$5,000
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
Best credit card for newcomers in 2023
  • 1% cashback on purchases in restaurants and eligible recurring pre-authorized payments
  • 0.5% cashback on other eligible purchases
  • Mobile protection: Get insured against theft or damage for up to 2 years following the purchase of your mobile device
Legal

Description of promotion:

New cardholders will get a 8% cashback on purchases in restaurants and eligible recurring pre-authorized payments charged to their National Bank® mycredit® Mastercard® credit card.

Promotion period:

The client must apply for the mycredit Mastercard between June 1st and August 31, 2021. Eligible purchases must be carried out within 3 months of the date the credit card account is opened.

Promotional cashback limits

New cardholders will get an 8% cashback on purchases in restaurants and eligible recurring pre-authorized payments during the promotion period, up to a maximum of $1,500 in eligible purchases and payments. If this $1,500 maximum is exceeded and after the promotion period, the regular cashback rate of 1% will apply to purchases in restaurants and eligible recurring pre-authorized payments.

Calculating promotional cashbacks

The cashback is calculated on net purchases over a 3-month period, starting on the account opening date. The transaction date used is the date transactions are charged to the account (not the date they are carried out). For example, if the account is opened on June 15, the account holder will have until September 15 to carry out eligible purchases and payments.

Net purchases refer to the amount in purchases and payments charged to the account less returns and refunds. Annual fees, balance transfers, cash advances, cash transactions, interest charges and any other fees and adjustments are not included in the calculation.

How will the cashback be applied to the account?

The cashback earned under this promotion will be applied to the account in two ways, provided the account is in good standing when the cashbacks are awarded:

  • Regular cashback: The cashback earned at the cashback program’s regular rate (1%) will be credited monthly to the credit card account, in accordance with the terms and conditions of the program.
  • Bonus cashback: The cashback earned at the bonus rate (7%) will be credited to the credit card account in a single instalment at the latest at the 5th statement following account opening.

Example:

The cashback program’s regular rate for purchases in restaurants and eligible recurring pre-authorized payments is 1%. Under this promotion, clients will earn a bonus 7% cashback on these purchases and payments, for a total 8% cashback until the end of the promotion period. If you charge a total of $1,500 in eligible purchases and payments to the card, the cashback credited to your account will be calculated as follows:

  • (1) Regular 1% cashback X $1,500 = $15 credited to your account (applied monthly)
  • (2) Bonus 7% cashback X $1,500 = $105 credited to your account in a single instalment at the latest at the 5th statement following account opening

Definitions

Purchases in restaurants: Any purchase made with the eligible card in a food and beverage establishment or on the website of a food and beverage establishment, such as a restaurant, fast food restaurant, bar, nightclub or pub (once they are permitted to be open), whose associated Mastercard merchant code is 5812, 5813 or 5814. Purchases at restaurants made through independent delivery services are eligible, although there may be some exceptions.

Recurring pre-authorized payments: Regular payments that are automatically collected from your credit card by a biller. Example: Monthly cell phone payments.

Eligibility and terms and conditions

This promotion is intended for individuals who do not have a National Bank Mastercard credit card and have not held a National Bank credit card within the last 24 months. The promotion does not apply to additional cards. It cannot be combined with any other National Bank promotion. Employees of National Bank and its subsidiaries and entities are not eligible for this promotion. The credit card is issued subject to credit approval by National Bank. The offer may be modified, extended or cancelled, without prior notice, at any time.

All other terms and conditions of the cashback program continue to apply during the promotion period. See terms and conditions

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • Dining and Food delivery1%
  • Recurring Payments1%
  • Telecom/Internet1%
Value
  • Year 1 $148
  • Year 2+ $148
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • Your cause, your card. Designed for women, the Allure card allows you to support the Quebec Breast Cancer Foundation.
  • Easily earn 1 point for every $2 in purchases and receive $10 cash back for every 1,000 points earned.
  • Receive a 10% discount on the purchase of certain gift cards
Legal

CONDITIONS AND ELIGIBILITY CRITERIA – TARGETED DIGITAL OFFERS PROMO

APRIL 1 TO JUNE 30, 2021

Offer valid from April 1 to June 30, 2021 for the National Bank Allure Mastercard credit card. Credit card issued subject to credit approval by National Bank. Certain conditions apply.

You will receive a $150 cashback if $1,500 in net purchases is charged to the credit card account within the first three months following account opening. The cashback will be credited to your account on the fourth or fifth statement after your account is opened and is not payable in cash.

To take advantage of this offer, you must sign up for the National Bank Allure Mastercard credit card before June 30, 2021 and activate it no later than July 15, 2021. This offer is only valid on the websites of our partners who are promoting it. To enroll, you must therefore click the link in the promotional email or on the website announcing the offer.

The net purchases charged to your card are calculated over a period of three months, starting at account opening. For example, if the account is opened April 15, the account holder will have until July 15 to charge $1,500 in net purchases to the account and obtain the $150 cashback.

Net purchases refer to the amount in purchases charged to the account less returns and refunds. Annual fees, balance transfers, cash advances (including transactions that can be converted directly to cash, such as money orders, traveller’s cheques and gambling transactions), interest charges and any other fees and adjustments are not considered purchases and are therefore not included in the calculation.

The account must be in good standing for the cashback to be awarded.

This promotion is intended for individuals who do not have a National Bank Mastercard credit card and have not held a National Bank credit card within the last 24 months.

The offer is not applicable when opening an additional card.

This offer cannot be combined with any other National Bank promotion.

Employees of National Bank and its subsidiaries and entities are not eligible for this promotion.

National Bank reserves the right to modify, extend, or end this promotion at any time without notice.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • All Spending0.5%
  • Groceries0.5%
  • Gas0.5%
Value
  • Year 1 $120
  • Year 2+ $120
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • Take advantage of a simple, efficient and convenient payment solution.
  • Access funds from anywhere in the world.
  • Protect your purchases with a purchase insurance program.
  • Free yourself from liability for unauthorized purchases with the MasterCard® Zero Liability program.
Legal

Credit card is issued subject to credit approval by National Bank. For new holders, certain conditions apply.

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 22.49 %
  • Balance Transfer Rates 22.49 %
Earning Rate
  • All Spending0.00%
  • Groceries0.00%
  • Gas0.00%
Value
  • Year 1
  • Year 2+
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • Purchase protection
  • Extended warranty
Legal

Credit card is issued subject to credit approval by National Bank. For new holders, certain conditions apply.

For credit terms and conditions applicable to the product, click here.

Annual Fee
  • Primary card $35
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 10.70 %
  • Cash Advance Rates 14.70 %
  • Balance Transfer Rates 14.70 %
Value
  • Year 1 $-35
  • Year 2+ $-35
Best For

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
Credit card