We present Milesopedia’s 2024 Credit Card Awards in Canada.
You can find our methodology here.
For this 2024 edition, we have divided the credit cards into 4 main categories:
Below is a summary of the awards earned by the different credit cards in Canada. After, you will find the details of the ranking.
The Best Credit Cards in 2024 for everyday life:
The Best Credit Cards in 2024 for travel:
The Best Credit Cards in 2024 by customer profile:
The Best Credit Cards in 2024 according to statistics from the Milesopedia network (Milesopedia.com and partners):
In 2023-2024, the economic context has profoundly changed consumer habits. In an inflationary environment, Canadians are looking for products that can help them save money on expenses such as groceries, gas, recurring bills or drugstore purchases.
The credit cards below have all distinguished themselves in 2023 in their respective categories by offering their cardholders more than their competitors. That’s why we’ve selected them as the Best Credit Cards in Canada in 2024 for Everyday Life.
The CIBC Dividend® Visa Infinite* Card is the Best Cash Back Credit Card in 2024 in Canada for these reasons:
Here are 3 more credit card choices in this category:
The Tangerine World Mastercard is the Best No-Fee Cash Back Credit Card in 2024 in Canada for these reasons:
The MBNA Rewards World EliteMD Mastercard® is the Best Credit Card For Everyday Spending in 2024 in Canada for these reasons:
The RBC ION Visa card is the Best No-Fee Credit Card For Everyday Spending in 2024 in Canada for these reasons:
Scotiabank Gold American Express® Card is the Best Credit Card For Groceries in 2024 in Canada for these reasons:
The BMO eclipse Visa Infinite* Card is the Best Credit Card For Gas And Transit in 2024 in Canada for these reasons:
The American Express® Gold Rewards Card is the Best Credit Card For Drugstores in 2024 in Canada for these reasons:
The Scotia Momentum® Visa Infinite* Card is the Best Credit Card For Recurring Payments in 2024 in Canada for these reasons:
The American Express Cobalt® Card is the Best Credit Card For Dining in 2024 in Canada for these reasons:
The CIBC Select Visa* Card is the Best Balance Transfer Credit Card in Canada in 2024:
The Scotiabank Value® Visa* Card is the Best Low-Interest Credit Card in Canada in 2024 for these reasons:
The KOHO Extra Mastercard Prepaid Card is the Best Prepaid Credit Card in 2024 in Canada for these reasons:
Here are two more credit card choices in this category:
Since 2022, after two years of the pandemic, Canadians have been looking forward to getting away from it all: travel has resumed in earnest. But here, too, the context has changed: we have noticed that travellers are looking for more comfort, insurance and savings.
Thus, credit cards offering access to airport lounges, travel credits to improve comfort, insurance to cover all contingencies, or the absence of conversion fees for foreign currency transactions stood out in this ranking.
Since 2022, we have witnessed welcome offers never seen before to equip travellers with payment solutions! Here are the Best Travel Rewards Credit Cards in Canada in 2024.
The National Bank World Elite Mastercard® is the Best Travel Credit Card in 2024 in Canada for these reasons:
The RBC Avion Visa Infinite Card is the Best Flexible Travel Rewards Credit Card in 2024 in Canada for these reasons:
The TD First Class Travel® Visa Infinite* Card is the Best Travel Rewards Credit Card in 2024 in Canada for these reasons:
Scotiabank Passport™ Visa Infinite* Card is the Best No Foreign Transaction Fee Credit Card in 2024 in Canada for these reasons:
The National Bank World Elite Mastercard® is theBest Credit Card For Travel Insurance in 2024 in Canada for these reasons:
The American Express Green Card is the Best No-Fee Travel Credit Card in 2024 in Canada for these reasons:
The Marriott Bonvoy® American Express®* Card is the Best Hotel Credit Card in 2024 in Canada for these reasons:
The Platinum Card® is the Best Premium Credit Card in 2024 in Canada for these reasons:
The American Express® Aeroplan®* Reserve Card is the Best Credit Card For Frequent Flyers in 2024 in Canada for these reasons:
Every consumer profile is different, and this profile evolves from year to year according to new needs.
This year, thanks to the numerous feedback from Milesopedia community members, we have decided to refine our ranking to better fit each type of profile.
For example:
This is also where the best cards for entrepreneurs are listed.
Here are the Best Credit Cards in Canada in 2024 by Customer Profile.
The CIBC Dividend® Visa* Card for Students is the Best Credit Card For Students in 2024 in Canada for these reasons:
The National Bank Platinum Mastercard® is the best credit card for young professionals in 2024 in Canada for these reasons:
The KOHO Mastercard Prepaid Card is the Best Card For Newcomers in 2024 in Canada for these reasons:
The American Express Business Edge™ Card is the Best Credit Card For Startups in 2024 in Canada for these reasons:
The Business Platinum Card® from American Express is the Best Business Credit Card in 2024 in Canada for these reasons:
Milesopedia has significant monthly traffic on its website (Milesopedia.com), and its sub-domains used by our affiliate partners operating our white-label credit card comparison service. Thanks to this highly qualified traffic – since consumers are looking for a financial product – we can determine which credit cards are the most consulted and, in fine, the most applied for on our “Milesopedia network.”
We decided to break this part of the ranking down into the top three rewards programs in Canada and the top three credit card networks.
Here are the rankings of the Best Credit Cards in Canada in 2024, according to the Milesopedia network (Milesopedia.com and affiliated partners).
The TD® Aeroplan® Visa Infinite* Card is the Best Aeroplan Credit Card in 2024 in Canada for these reasons:
The Scotiabank Gold American Express® Card is the Best Scene+ Credit Card in 2024 in Canada for these reasons:
The BMO® AIR MILES® World Elite Mastercard is the Best AIR MILES Credit Card in 2024 in Canada for these reasons:
The American Express Cobalt® Card is the Best American Express Credit Card in 2024 in Canada for these reasons:
The National Bank World Elite Mastercard® is the Best Mastercard Credit Card in 2024 in Canada for these reasons:
The CIBC Aventura® Visa Infinite* Card is the Best Visa Credit Card in 2024 in Canada for these reasons:
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 considered when choosing the Best Credit Card in 2024 in Canada by category, such as:
Savings are here:
