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First of all, the perfect credit card does not exist. You need to have one or two additional cards in your wallet to properly optimize your spending and points earning.
So? Which of the 200 credit cards available in Canada should you choose?
Based on our analysis and personal experiences, Milesopedia readers and our community, the best credit cards for beginners have been chosen according to:
In summary, here are our picks for the best credit cards to start with:
And if you have some experience with points, check out our article dedicated to the intermediate level! If you are an expert and accustomed to points, see the article on the Expert Level and its credit cards.
It’s the perfect credit card for those who hesitate between travel points and cash back.
Here are 8 reasons why you should have the American Express CobaltMD Card in your wallet:
A few months ago, we surveyed to find out the community’s favourite fast-earning credit card (5X).
Out of 247 votes, 236 chose the American Express Cobalt® Card!
Here is an example of using points to pay off your credit card. Every purchase counts!
The myth that American Express credit cards are not accepted in stores is persistent. However, this is not true, and you can check on this site where these cards are accepted. Don’t miss out on significant savings because of an urban legend!
As a complementary credit card, there is this great Mastercard credit card.
Here are 7 reasons why you should subscribe to the National Bank World Elite Mastercard:
Here is how I used my NBC points to make my hotel room at Château Frontenac cost less.
This card requires a minimum individual income of $80,000 or a $150,000 household income.
If you don’t meet this criterion, here’s another great option: the National Bank Platinum Mastercard®.
Here are 6 reasons why you should subscribe to the Scotia Passport Visa Infinite Card:
With 35,000 Scene+ points (a value of $350), you could pay off your hotel bill, a plane ticket, or a TGV reservation as in this example:
This card requires a minimum income of $60,000.
Another great option is available to anyone with a personal income of $12,000 or more for a card with no annual fee: the Scotiabank® Scene+™ Visa* Card.
At first, choosing the best credit cards for your needs can be confusing and disorienting. First of all, it is a good idea to read the Beginner’s Guide. Want to find a credit card to build your credit score instead? Check out our guide to the best cards for building a credit history.
But most importantly, whatever you choose, it is crucial to pay your credit card balances in full every month! Otherwise, all your profits will be wiped out by interest charges.
Also, take screenshots of your application, so you can note the terms of the card offer.
Happy points hunting!
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