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Simplii Financial: Our Review Of Their Financial Products

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Simplii Financial: Our Review Of Their Financial Products
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Simplii Financial is a Canadian online bank offering financial products to Canadians. These include bank accounts with no monthly fees and a cash-back credit card. In this article, we explore the main financial products offered by Simplii Financial and compared with those of other Canadian banks. Then we share our review so you can make an informed decision.

What is Simplii Financial?

Simplii Financial is a Canadian online bank that was launched in 2017. It’s a division of CIBC, so Simplii customers can deposit and withdraw money at CIBC bank machines across Canada, free of charge. What’s more, this enables it to obtain Canada Deposit Insurance Corporation (CDIC) protections.

Simplii Financial offers free chequing and savings accounts, as well as a Visa credit card. It also offers other financial products, such as investments (TFSAs, RRSPs, GICs, mutual funds), mortgages and other types of loans. Today, Simplii has 2 million customers.

Simplii Financial’s Products

As mentioned earlier, Simplii Financial offers a wide variety of financial products for Canadians. However, this analysis focuses primarily on bank accounts and cash-back credit cards.

Simplii Financial – No Fee Chequing Account

The Simplii Financial No-Fee Chequing Account is, as the name implies, an account with no monthly fees and no minimum balance requirement. You get many free features such as Interac transfers and unlimited debit transactions. Plus, you get free access to all CIBC bank machines across Canada.

Simplii Financial – High Interest Savings Account

The Simplii Financial High Interest Savings Account is a savings account with no monthly fees and no minimum balance. Among other things, you can earn an attractive interest rate on your savings and set up automatic deposits.

Simplii Financial™ Cash Back Visa Card

Other Financial Products from Simplii Financial

Simplii Financial – Investments

Several investment options are available to Simplii Financial customers. First, you can invest in registered (RRSP and TFSA) and non-registered accounts. Next, you can invest in Guaranteed Investment Certificates (GICs), with terms of 1 to 5 years. Finally, you can invest in diversified portfolios of mutual funds chosen according to your investor profile.

Simplii Financial – Mortgages

Simplii Financial offers several mortgage options to suit your financial situation: new and transfer mortgages, fixed and variable rates, and more. In addition, we offer a variety of online calculators, such as the Mortgage Affordability Calculator and the Mortgage Payment Calculator.

Simplii Financial – Other loans

Simplii Financial offers other types of loans:

  • Secured Line of Credit
  • Personal Line of Credit
  • Personal Loan

Comparison with other banks

Chequing Accounts

In our Review, Simplii Financial’s no-fee chequing account is one of the best choices available on the Canadian market. Among other things, it boasts no monthly fees and no minimum balance requirement. But also by the many free features, such as Interac transfers and unlimited debit transactions. However, other online banks also offer attractive chequing accounts.

To compare other chequing accounts, use our bank account comparator.

Savings Accounts

In our Review, Simplii Financial’s High Interest Savings Account is a good choice. However, other financial institutions have tempting offers, mainly from online banks.

To compare other savings accounts, use our bank account comparator.

Credit Cards

In our Review, the Simplii Financial™ Cash Back Visa Card is attractive, especially for the 4% cash back for eligible purchases at restaurants, bars and coffee shops However, other Canadian financial institutions and credit card issuers offer more attractive rewards and welcome bonuses.

SimplyCash® Card from American Express

American ExpressCash Back
Annual fee
$0
Our valuation
$100
Milesopedia first-year estimateFirst-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $100
Apply Now

on American Express's website

Apply with confidence — no impact on your credit scoreApply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).

[vc_row][vc_column][vc_column_text]This credit card is one of the best no-fee cash back credit cards in Canada. For a limited time, you get 2.5% cash back on all your purchases; that's up to a $150 welcome bonus. With this Card, you can earn 1.25% cash back on all your purchases, with no annual limit. Finally, you benefit from insurance on your purchases. Like most American Express Credit Cards, there is no minimum income required to apply for this Card.[/vc_column_text][/vc_column][/vc_row]
Legal

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and up-to-date product information, click the « Apply Now » link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Are you looking for a cash back credit card with no annual fee and an excellent cash back rate for your everyday purchases? Here is an option for you: the SimplyCash® Card from American Express.

With this no-annual-fee credit card, you earn:

  • 2% cash back on gas purchases
  • 2% cash back on grocery purchases
  • 1.25% cash back on all other purchases

And with this welcome offer, you can earn 5% cash back on all your purchases (up to $2,000 in purchases) during the first 3 months (which is up to $100 in statement credits).

You benefit from several types of insurance : $100,000 travel accident, Purchase Protection, Purchase Security.

Like all American Express Canada Cards, there is no minimum income requirement.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 2xGas & EV
  • 2xGroceries
  • 1.25xAll spending

Value

1st Year Value$528
2nd Year Value$363

Travel insurance

Travel AccidentUp to $100,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years

BMO CashBack® Mastercard®*

BMOCash Back
Annual fee
$0
Our valuation
$125
Milesopedia first-year estimateFirst-year valueWelcome bonus$125Total$125Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $125
Ends Oct 31, 2026
Apply Now

on BMO's website

Terms of the offer

  • Get 5% cash back in your first 3 months*
  • Then get:
    • 3% cash back on grocery purchases,
    • 1% cash back on recurring bill payments
    • 0.5% unlimited cash back on all other purchases
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred*
  • No Annual fee*
  • Receive a discount on car rentals*
  BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information *Terms and conditions apply
Legal

*Conditions apply.

BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.

The BMO CashBack Mastercard is a no-annual-fee, cash-back credit card. With the BMO CashBack Mastercard, you can earn 5% cash back for the first three months. This represents a maximum welcome bonus of $125 :

  • 5% cash back on up to $500 in eligible grocery purchases, for a $25 bonus
  • 5% cash back on up to $500 in eligible recurring bill payments, for a $25 bonus
  • 5% cash back on up to $1,500 in all other eligible purchases, for a $75 bonus

Then you get a cash back rate of:

  • 3% cash back on grocery purchases, including at Walmart Supercenters
  • 1% cash back on recurring bill payments

You can also get a 0.99% welcome interest rate on balance transfers for nine months.

Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 3xGroceries
  • 1xBills & recurring payments
  • 0.5xAll spending

Value

1st Year Value$491
2nd Year Value$258

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years

TD Cash Back Visa* Card

TDCash Back
Annual fee
$0
Welcome offer
No current welcome offer
Apply Now

on TD's website

Terms of the offer

 

Disclaimer

Legal
†Terms and conditions apply.

With the TD Cash Back Visa Card, you can earn cash back dollars on your everyday purchases and use them to reduce your account balance.

This card offers a simple and advantageous structure for your daily spending, including:

  • 1% in cash back dollars on grocery, gas, electric vehicle charging and public transit purchases, as well as on recurring bill payments and streaming, gaming and digital media services†
  • 0.5% in Cash Back Dollars on all other purchases made with your card†
  • Redeem your cash back dollars as soon as you reach a balance of $25 to help pay down your account balance†
  • Your cash back dollars do not expire as long as your account is open and in good standing.
  • Link your eligible Card to earn 50% more Stars at participating Starbucks stores. Conditions Apply.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 1xStreaming
  • 1xGroceries
  • 1xBills & recurring payments
  • 1xGas & EV
  • 1xTransit
  • 0.5xAll spending

Value

1st Year Value$246
2nd Year Value$180

Tangerine Money-Back Credit Card

TangerineCash Back
Annual fee
$0
Our valuation
$100
Milesopedia first-year estimateFirst-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $100
Ends Sep 30, 2026
Apply Now

on Tangerine's website

Terms of the offer

  • No annual fee
  • 2% cashback on your choice of up to 3 categories, 0.5% money back on all other purchases
  • Change your 2% Money-back categories to suit your spending from your choice of 10 categories
  • Personalized categories and unlimited money-back rewards monthly
  • Automatic earning: Money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
  • 1.95% on Balance Transfers for six months

 
Legal

*Conditions apply.

† Bank Offer: This offer is provided by Tangerine Bank and is subject to their terms and conditions.

† Bank Offer: This offer is provided by Tangerine Bank and is subject to their terms and conditions.

The Tangerine Money-Back Credit Card has no annual fee and offers cash back.

With this limited-time welcome offer, you can earn an additional 10% cash back (up to $100) when you spend up to $1,000 on everyday purchases during the first 2 months.

You can choose two to three purchase categories that interest you (groceries, gas, home furnishings, renovations, recurring bills, pharmacy, etc.) to earn 2% cash back ! And there’s no annual cash-back limit. It is one of the best credit cards for renovations.

In addition, the Tangerine Mastercard offers several insurance coverages for your purchases :

  • 90 days purchase insurance
  • One year extended warranty

Finally, during the first 30 days you hold the card, transfer credit card balances and pay only 1.95% interest on these balances for the first 6 months.

Save on fuel with Shell

All Tangerine cardholders can get savings and rewards on fuel with Shell and Scene+ when you link your cards to your Shell Go+ account. Get up to 8¢/L in value with a linked Money-Back World Mastercard or Money-Back Credit Card:

  • Instant savings of 3¢ per litre on all grades of Shell fuel.
  • Earn up to 3¢ per litre in cash back with fuel selected as a 2% category.
  • Earn 1¢ per litre in Scene+ points value on all grades of Shell fuel, or 2¢ per litre in Scene+ points value on Shell V-Power® when you link your Scene+ Account to Shell Go+.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$12,000
Household$12,000

Conversion fees

2.5%

Earning rate

  • 2xGas & EV
  • 2xGroceries
  • 0.5xAll spending

Value

1st Year Value$415
2nd Year Value$246

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years

Neo Mastercard®

Neo FinancialCash Back
Annual fee
$0
Our valuation
$25
Milesopedia first-year estimateFirst-year valueWelcome bonus$25Total$25Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
$25
Apply Now

on Neo Financial's website

With the Neo Mastercard, you get $25 cash back as a welcome bonus.

Get unlimited cash back from thousands of partners. Earn up to 15% boosted cash back at thousands of Neo partners across Canada.

Annual fee

Primary card$0
Additional card$10

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 0xAll spending

Value

1st Year Value$25
2nd Year Value$84

Scotia Momentum® No-Fee Visa* Card

ScotiabankCash Back
Annual fee
$0
Our valuation
$100
Milesopedia first-year estimateFirst-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $100
Ends Nov 1, 2026
Apply Now

on Scotiabank's website

Terms of the offer

  • 7.99% introductory interest rate on purchases for the first 6 months◊
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of July 2, 2020. Subject to change.
 
Legal

1 Offer description and terms and conditions: The 5% cash back offer and 0.99% introductory rate on balance transfers (the “Offer”) apply only to new Scotia Momentum Visa Card accounts with no annual fee (the “Accounts”) opened between July 2, 2026 and November 1, 2026 (regardless of when you apply for the Account), subject to the terms and conditions set out below. All other program terms and conditions continue to apply during the Offer period. The Offer may be changed, cancelled or extended at any time, without notice, and cannot be combined with any other offer.

Terms and conditions of the 5% cash back offer: You will receive 5% cash back on the first $2,000 in eligible purchases charged to your new Account during the three months following the date it is opened (the “Promotional Period”). Eligible purchases are purchases, less refunds, returns and any other similar credits, and exclude payments, cash advances (including balance transfers and quasi-cash transactions), interest charges, as well as card fees and other fees. After the Promotional Period, you will earn the regular cash back on your eligible purchases at the regular rate (the “Program Cash Back Rate”) described in the terms and conditions of the Scotia Momentum Visa Card with no annual fee cash back program (the “Program Terms”). The 5% cash back rate for each category is the sum of the regular Program Cash Back Rate (different for each category, as per the Program Terms) and the “Bonus Cash Back Rate” which varies during the regular program cash back rate (the “Cash Back Rate”).

The cash back earned under this offer will be credited to your account, provided it is open and in good standing on the date the cash back is paid.
1. Bonus Cash Back Rate: Cash back earned at the Bonus Cash Back Rate may be posted to your account approximately 5 months after the date it is opened or otherwise in accordance with the program terms.
Regular Cash Back Rate: Cash back earned at the regular Program Cash Back Rate can be used as described in the program cash back.
EXAMPLE: If the regular Program Cash Back Rate for grocery purchases and recurring payments is 1%, the Bonus Cash Back Rate will then be 4% for this category of purchases, so that all eligible everyday purchases in this category will qualify for a total cash back of 5% during the promotional period, on the first $2,000 of purchases. If you make eligible everyday grocery purchases and recurring payments totaling $2,000, the cash back credited to your account for this category will be calculated as follows:
(1) a Bonus Cash Back of $80 (4% x $2,000), posted as an adjustment on your statement, and (2) the regular Cash Back of $20 (1% x $2,000), which will appear on your monthly statements as earned cash back.

All other program terms continue to apply during the Offer period.

Description and terms and conditions of the 0.99% introductory rate offer on balance transfers: The 0.99% introductory interest rate offer on balance transfers (the “Rate Offer”) applies only to eligible cash advances (including balance transfers and quasi-cash transactions, collectively referred to as “cash advances”), subject to the terms and conditions below. This introductory rate applies for nine months from that date (the “Promotional Period”). After the Promotional Period, the interest rate on cash advances subject to the 0.99% promotional rate (including any balance of those cash advances that remains unpaid at the end of the Promotional Period) will increase to the preferred interest rate applicable to cash advances (currently 22.99%). A fee equal to 2% of the amount of any cash advance made during the Promotional Period applies (minimum fee of $5.00).

The Offer is subject to any cash advance limit on your Account. This Offer is also based on your approved credit limit on the date of this Offer. This means that if the sum of transferred balances exceeds the approved credit limit, balance transfers may not be processed. This Offer cannot be used to transfer a balance from another Scotiabank account, nor to make a payment or deposit to another Scotiabank account.

Cancellation of Promotional Rate: If we do not receive your minimum payment by its due date indicated on your statement for two consecutive times, you will lose the benefits of this special rate offer and your interest rates will revert to the annual rates normally applicable to your Account (currently 25.99% for purchases and 27.99% for cash advances). All other program terms continue to apply during the Offer period.

Application of Payments: For residents of Quebec: In general, if one or more interest rates apply to your Account, we apply payments according to the interest rate(s) applicable to the transactions posted to your Account (from highest to lowest rate). For residents outside Quebec: In general, if you make a payment greater than the minimum amount shown on your statement, the difference is applied proportionally to the different groups of charges billed to your Account. Charges are grouped based on the interest rate applicable to them. Your payment cannot be applied to the balance of your choice. Consult your credit card agreement for more information on how payments are applied to your Account.

Eligibility and exclusions: You cannot take advantage of the Offer if you are currently a primary or secondary cardholder of a Scotiabank personal credit card or if you have been one in the past two years, including if you transfer your balance from an existing Scotiabank personal credit card account (and subject to the exclusions mentioned, persons holding a Scotiabank business credit card are eligible for this offer). By accepting this Offer, you confirm that you meet all eligibility conditions. We reserve the right to revoke this Offer at any time if we believe you do not meet the eligibility conditions, including after its acceptance or obtaining the Account.

Rates and fees: There is currently no annual fee for the primary card and additional cards (including those issued for joint account holders and additional cardholders).
The preferred annual interest rates currently applicable to the account are as follows: 20.99% on purchases and 22.99% on cash advances. All rates, fees, features and benefits, which are described in the application disclosure, are subject to change.

The Scotiabank Momentum No Annual Fee Visa Card is an excellent cash back credit card in Canada. Right now, you can get 5% cash back on all your purchases for the first three months (up to $2,000 in total purchases).

With the Scotiabank Momentum No Annual Fee Visa Card, you get:

  • 1% cash back on purchases at grocery stores and pharmacies, as well as on meal delivery services and subscriptions to ready-to-cook meal services
  • 1% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and ridesharing trips
  • 1% cash back on eligible recurring bill payments such as utilities and gym memberships
  • 1% cash back on eligible subscriptions such as video streaming or music streaming services
  • 0.5% cash back on all other eligible purchases

It is an excellent no annual fee Visa credit card for cash back. Also note that you can use your cash back at any time (the cash back balance must be at least $25).

In addition, you can benefit from an introductory rate of 0.99% on balance transfers for the first nine months (2% fee per cash advance).

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$12,000
Household$12,000

Conversion fees

2.5%

Earning rate

  • 1xGroceries
  • 1xGas & EV
  • 1xPharmacy
  • 1xTransit
  • 1xBills & recurring payments
  • 1xStreaming
  • 0.5xAll spending

Value

1st Year Value$364
2nd Year Value$180

CIBC Dividend® Visa* Card

CIBCCash Back
Annual fee
$0
Our valuation
$100
Milesopedia first-year estimateFirst-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $100
Apply Now

on CIBC's website

The CIBC Dividend® Visa* Card is one of the best no-fee cash-back Visa credit cards in Canada.

Get 5% cash back on net purchases for the first 4 statements, on up to $2,000 in purchases (up to $100 cash back)†.

Plus, get :

  • 2% cash back on eligible grocery purchases†
  • 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments†
  • 0.5% cash back on all other purchases†

This no-annual-fee CIBC credit card offers certain insurance coverages:

  • Purchase Security and Extended Protection Insurance
Legal

This is a digital-exclusive offer.† To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you. † This offer is reserved for you. Please do not forward it to anyone else.

This offer is reserved for you. Please do not forward it to anyone else. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†

† Terms and conditions apply. Click on Apply Now to learn more.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$15,000
Household$15,000

Conversion fees

2.5%

Earning rate

  • 2xGroceries
  • 1xGas & EV
  • 1xRestaurants
  • 1xTransit
  • 1xBills & recurring payments
  • 0.5xAll spending

Value

1st Year Value$436
2nd Year Value$238

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years

MBNA Smart Cash Platinum Plus® Mastercard®

MBNACash Back
Annual fee
$0
Our valuation
$150
Milesopedia first-year estimateFirst-year valueWelcome bonus$150Total$150Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to $150
Apply Now

on MBNA's website

Terms of the offer

  • This offer is only available to residents of Quebec.  For residents of other provinces/territories please click here
  • Accelerate cash back on common purchases!
  • No annual fee
  • Get 5% Cash Back†† on eligible gas and grocery purchases for the first 6 months (until the total gas and grocery purchases in the applicable month reaches $500)
  • Get 2% Cash Back‡ on eligible gas and grocery purchases thereafter (until the total gas and grocery purchases in the applicable month reaches $500)
  • Get 0.5% Cash Back‡ for all other eligible purchases
  • Standard Annual Interest Rates of 20.99% on purchases, 20.99% on balance transfers✪ and access cheques, and 20.99% on cash advances
  • A suite of comprehensive insurance**
 
Legal

‡, ††, ✪, Terms and Conditions apply.

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information about this MBNA credit card, click on the « Apply Now » button.

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

MBNA Smart Cash Platinum Plus® Mastercard® is one of the best no-annual-fee cash-back credit cards in Canada.

With this card, you can get 2% on:

  • gas purchases
  • grocery purchases

Up to a monthly purchase limit of $500, and 0.5% cash back everywhere else.

For a limited time, you can earn 5% cash back for the first 6 months, a value of $150. It’s the best no-annual-fee MBNA credit card with cash back.

Annual fee

Primary card$0
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 2xGroceries
  • 2xGas & EV
  • 0.5xAll spending

Value

1st Year Value$465
2nd Year Value$246

Travel insurance

Travel AccidentIncluded

Purchase protection

Purchase ProtectionUp to $0 / 90 days
Extended Warranty+1 years
Auto Rental CollisionIncluded

To compare credit cards, use our credit card comparator.

Our review of Simplii Financial products

In our Review, the financial products offered by Simplii Financial are attractive. Bank accounts such as the Simplii Financial No-Fee Chequing Account and the Simplii Financial High Interest Savings Account have no monthly fees or minimum balance requirements. What’s more, the chequing account includes many free features such as Interac transfers and unlimited debit transactions.

Simplii Financial’s Visa credit card is particularly attractive for cash back on eligible purchases at restaurants, bars and coffee shops.

However, Simplii Financial‘s financial products are not available in Quebec. What’s more, their website is not available in French, even though it is an official language in Canada. So they’re missing out on an important market…

Competition among Canadian financial institutions is fierce. Virtually all traditional and online banks make their products and services available to all Canadians. Simplii Financial must therefore continue to develop financial products that meet the needs of Canadians, but also make them available from coast to coast.

Our featured card

Featured

Marriott Bonvoy® American Express®* Card

American ExpressMarriott Bonvoy
Annual fee
$120
Our valuation
$990
Milesopedia first-year estimateFirst-year valueWelcome bonus$990Total$990Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
Welcome offer
Up to 110,000 points
Ends Sep 22, 2026
Apply Now

on American Express's website

Apply with confidence — no impact on your credit scoreApply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).

The Marriott Bonvoy® American Express®* Card is the best credit card in Canada for free hotel nights.

New Cardmembers can earn up to 110,000 Marriott Bonvoy® points with the current offer:

  • Earn 80,000 points after you spend $6,000 on your Card in your first 6 months of Cardmembership.
  • Plus, earn 30,000 points by making a purchase during your 15th month of Cardmembership.

This offer ends on September 22, 2026. The annual fee is $120, and there is no annual fee on Additional Cards, so you can add a partner or a family member at no extra cost.

Every year after your first Card anniversary, you receive an Annual Free Night Award good for a redemption of up to 35,000 points at eligible hotels and resorts worldwide. At a valuation of 0.9 cents per Marriott Bonvoy point, that certificate is worth roughly $315, which on its own more than covers the $120 annual fee. That is the main reason to keep this Card year after year instead of cancelling it.

To get the most out of the certificate, aim it at a night that would otherwise price close to the 35,000 point ceiling.

The Card also gives you 15 Elite Night Credits each calendar year and automatic Marriott Bonvoy Silver Elite status. Those credits count toward the next Elite tier, so you begin every year 15 nights ahead of where you would otherwise start.

You move up to Gold Elite status automatically when you reach $30,000 in purchases on the Card in a year, or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your Card.

Marriott Bonvoy points are generally valued at 0.9 cents each. On that basis, the 110,000 point welcome offer is worth about $990, and an Annual Free Night Award used at its full 35,000 point ceiling is worth about $315.

Marriott Bonvoy points pull their weight on free nights rather than on gift cards or merchandise, which is why this Card should be judged on the hotel stays it produces.

You earn 5 points per dollar on eligible purchases at participating Marriott Bonvoy hotels and 2 points per dollar on all other purchases. Points can be redeemed for free nights with no blackout dates at more than 7,000 hotels around the world.

The Card carries a solid package of coverages: $500,000 travel accident insurance, flight delay, baggage delay, lost or stolen baggage and hotel or motel burglary at $500 each, car rental theft and damage up to $85,000 for rentals of up to 48 days, Purchase Protection for 90 days and a one year Extended Warranty.

Two things to plan around: the 2.5% foreign transaction fee on purchases made in a foreign currency, and the 21.99% purchase interest rate, which makes this a Card to pay in full every month. Like all American Express Canada Cards, no minimum income is published for this Card, and you can see whether you would be approved before you apply, with no impact on your credit score.

Legal

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Annual fee

Primary card$120
Additional card$0

Annual income required

Individual$0
Household$0

Conversion fees

2.5%

Earning rate

  • 5xMarriott Bonvoy hotels
  • 2xAll spending

Value

1st Year Value$1,437
2nd Year Value$312

Travel insurance

Delayed BaggageUp to $500
Lost BaggageUp to $500
Flight DelayUp to $500
Hotel BurglaryUp to $500
Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded
Extended Warranty+1 years
Auto Rental Collision (primary)Up to $85,000 / 48 days

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