Here are the best credit card offers in Canada that stand out from the competition this month.
Below is our monthly ranking of Canada’s top 5 credit cards for each major category.
Here are the top 5 Best Credit Card offers in Canada of the month.
Thanks to this enhanced welcome offer for the TD® Aeroplan® Visa Infinite* Card, reserved for those who apply via this Milesopedia link, you can earn 10,000 more Aeroplan points than the current public offer!
With this offer for the TD® Aeroplan® Visa Infinite* Card, you can earn up to 50,000 Aeroplan points† and a first-year annual fee rebate:
It’s the best TD credit card for occasional Air Canada travellers.
With the TD Aeroplan Visa Infinite* Card, you earn 1.5 points† per dollar of eligible purchase for:
Here are the best travel credit card offers of the month.
National Bank World Elite Mastercard is the best Mastercard credit card on NBC. With the current welcome offer exclusive to the Milesopedia Network, receive up to 35,000 bonus points, distributed as follows:
What’s more, you pay no annual fee for the first year.
With this card, you earn up to 5 points per dollar on your purchases:
And since it’s a National Bank Mastercard credit card, you can use it at Costco.
With this card, you have access to a $150 annual travel credit that you can use in any of these categories:
In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo. And unlimited access to the National Bank Lounge at Montreal-Trudeau.
Finally, in 2023 and 2024, Milesopedia voted National Bank World Elite Mastercard as the Best Credit Card for Travel and the Best Credit Card for Insurance.
Here are the best cash back credit card offers in Canada this month.
Here are the 5 Best Aeroplan Credit Card Offers in Canada of the month.
Here are the top 5 Scene+ credit card offers in Canada this month.
Here are the best Canadian AIR MILES credit card offers of the month.
Here are the 5 Best No-Fee Credit Card offers in Canada of the month.
Here are the 5 Best Marriott Bonvoy Credit Card Offers in Canada of the month.
Here are the best Canadian business credit card offers of the month.
For more information on setting up a business in Canada and choosing your credit card, please read our Canadian business’s credit cards page.
Here are the top 5 Best Credit Card Offers For Beginners in Canada of the month.
Here are the top 5 Best Insurance Credit Card Offers in Canada of the month.
Here are the top 5 Best Low-Interest Credit Card offers in Canada of the month.
Here are the top 5 Best Balance Transfer Credit Card offers in Canada of the month.
Here are the best prepaid credit card offers in Canada this month.
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):
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.
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):
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, professionals or small business owners!
There are three types of credit card rewards in Canada:
Credit cards in Canada often come with many benefits such as:
And travel benefits such as free wi-fi access with some Mastercard credit cards or VIP airport lounge passes!
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 insurance coverages offered by the National Bank World Elite Mastercard®, one of the best credit cards in Canada for insurance:
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 a credit card fee. 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!
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:
Each day, we analyze more than 200 credit card offers in Canada. We calculate the value you can get the first year with:
Each rewards program offers points having a different value than the 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.
We update this value regularly: you can find it on each reward program page and the home page of milesopedia.
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!
Here are frequently asked questions in the milesopedia community about credit cards in Canada.
There are more than 200 credit cards in Canada. There is no “one best credit card” in Canada.
Several credit cards can match your needs:
There are more than 30 American Express credit cards in Canada. Check out our best American Express Credit Cards page.
There are more than 90 Mastercard credit cards in Canada. Check out our Best Mastercard Credit Cards page.
There are more than 80 Visa credit cards in Canada. Check out our Best Visa Credit Cards page.
Several credit cards offer travel rewards and good insurance coverage:
Several excellent credit cards offer cash back rewards:
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.
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.
Here are some ways to avoid paying a credit card interest rate:
Here are some ways to avoid paying credit card cash advance fees:
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.
Savings are here: