Best credit cards in Canada

At Money.ca we want to give you the full picture when it comes to credit cards. We understand that there is no one-size-fits-all credit card, so we want to help you find the best card for your specific needs.

Our proprietary scoring system analyzes more than 100 data points covering all aspects of a credit card— from welcome bonuses and rewards to travel insurance, airport perks to interest rates and hidden fees— to identify the very best credit card offers across over 150 cards and 11 categories.

Also, our partnerships have no impact on our ratings, which are solely determined by the strengths of each card alone by our team of credit card industry experts. To learn more about how we researched and ranked these cards, check out our full credit card review methodology. For each category below, the gold, silver and bronze winners are displayed left to right in order. The Star Rating (out of 5) for each card is a overall score,  not how it performed for that specific category.

Compared to 125 cards using over 12,500 metrics, Money.ca's proprietary system scores the Amex Cobalt for:

• Well-above-average scores on most metrics
• Good points earn rates in a variety of categories
• High versatility of points

The Amex Cobalt is perfect for those with varied spending habits; in other words, most people. Here’s how the Amex Cobalt card breaks down across key credit card components: The Cobalt offers a very achievable welcome bonus for new accounts:

• Earn up to 15,000 Membership Rewards® points* by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card in your first year as a new Cardmember. This could add up to 15,000 points in a year.*

^{Amex Cobalt disclosures:}

• Contact American Express for the most up-to-date referral bonus figures.

  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, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

The TD® Aeroplan® Visa Infinite Privilege* wins the best rewards card overall thanks to its impressive Aeroplan bonus categories on purchases, luxurious Air Canada perks and robust travel and purchase protection insurance benefits. Add a massive welcome bonus to that, and you have the makings of an exceptional rewards credit card. Read more in our TD Aeroplan Visa Infinite Privilege review.

^{TD® Aeroplan® Visa Infinite Privilege* disclosures:}

• This offer is not available for residents of Quebec. For Quebec residents, please click here.
  
  The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
  
  †Terms and conditions apply.

If we could build the ideal premium cash back rewards card, it would pretty much look like this. As far as rewards credit cards go, the CIBC Dividend® Visa Infinite* Card makes earning and redeeming cash back almost effortless. Here's why it's our best cash back credit card:

• High earn rate: Earn 4% cash back on eligible gas, EV charging, and grocery purchases†
• Cash back on everyday spend: Earn 2% cash back on eligible transportation, dining purchases and recurring payments†
• Comprehensive Insurance:  Includes travel and purchase protection, out-of-province medical insurance, and auto rental collision/loss damage coverage

^{CIBC Dividend Visa Infinite* disclosures:}

• †Terms and Conditions Apply. This offer is not available for the residents of Quebec.
• The information for the CIBC Dividend® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.

You just can't beat a 0% balance transfer offer (even with a 3% fee) because it gives you a whole year, 365 days to pay down that balance. And there's no annual fee, so it's a credit card that really helps you pay down debt without costing you a big upfront payment. If you're looking for a new balance transfer card, the MBNA True Line is a great bet with its:

• No annual fee
• 0% APR for 12 months on transfers

^{MBNA True Line Mastercard disclosures:}

• †, ✪, Terms and Conditions apply.

  This offer is not available for residents of Quebec. For residents of Quebec, please click here.

  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 on this MBNA credit card, please 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 and other-trademarks are the property of The Toronto-Dominion Bank.

What's better than a credit card with no annual fee? One that rewards you with an impressive up to 3% (up to a monthly max of $500) cash back on groceries. Here are a few more reasons we like the BMO CashBack® MasterCard®*.

• Generous cash back
• Lucrative welcome bonus
• Balance transfer offer
• No annual fee

^{BMO CashBack Mastercard disclosures:}

• *Terms and conditions apply.
• 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.

Well, if you're looking for a low interest rate credit card in Canada, it's not subjective, it's fact. So, if you're in credit card debt now, you can snap up the balance transfer offer with the MBNA True Line to pay off the debt and use the MBNA True Line Gold as your go-to card for new expenses.  The MBNA annual percentage rate (APR) is a low 12.99% for purchases. 

^{MBNA True Line Gold Mastercard disclosures:}

• †, ✪, Terms and Conditions apply.

  This offer is not available for residents of Quebec. For residents of Quebec, please click here.

  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 on this MBNA credit card, please 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 and other-trademarks are the property of The Toronto-Dominion Bank.

While you might expect the PC World Elite Mastercard (great for Loblaws, No Frills, Shoppers Drug Mart) or the Scotiabank Scene+ Visa card with rewards at FreshCo and Sobeys, the fact is, it's hard to beat the right 5% cash back on groceries with the premium BMO CashBack® World Elite®* Mastercard®* .

• High cash back rates on groceries: Earn 5% cash back on groceries
• Lucrative sign-up bonus: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*

^{BMO CashBack® World Elite®* Mastercard®* disclosures:}

• *Terms and conditions apply.
• 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.

Again?! Yup, the BMO CashBack World Elite credit card is our top pick for gas and EV charging rewards, too. Ok, so the CIBC Dividend® Visa Infinite* Card or Amex Simply Cash Preferred credit cards have a higher cash back rate on gas compared to BMO card. However, if you're on the road enough where you value gas, you can save even more with roadside assistance with a free membership in the Dominion Automobile Association (DAA).

^{BMO CashBack® World Elite®* Mastercard®* disclosures:}

• *Terms and conditions apply.
• 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.

Among all the best travel credit cards in Canada, we like the CIBC Aeroplan® Visa Infinite* Card for its exceptional welcome bonus, massive array of Air Canada travel perks and airport lounge access passes. Here's why it's our best credit card for travel.

• Great for Air Canada flyers: Maximize points on Air Canada purchases and frequent travel categories.
• Generous welcome bonus: Get up to 40,000 Aeroplan points in your first year.
• Travel insurance: Extensive coverage for flight delays, baggage, medical emergencies, trip cancellations, auto rentals, and more.

^{CIBC Aeroplan® Visa Infinite* Card disclosures:}

• The information for the CIBC Aeroplan® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
• †Terms and Conditions Apply. This offer is not available for residents of Quebec.

It's the welcome bonus: Earn up to $3,000 in value† including up to 85,000 Aeroplan points†. Conditions Apply. Offer effective as of January 7, 2025. and how the  TD® Aeroplan® Visa Infinite Privilege* earns its points: 

• Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®)
• Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases
• Earn 1.25 points† for every $1 spent on all other purchases made with your Card
• Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore (www.aeroplan.com/estore)

^{TD® Aeroplan® Visa Infinite Privilege* disclosures:}

• This offer is not available for residents of Quebec. For Quebec residents, please click here.
  
  The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
  
  †Terms and conditions apply.

The RBC ION+ Visa understands what students need. Here's why it's our best student card:

• Generous welcome offer
• High earn rate where it matters for students
• Annual fee waiver with an RBC Advantage Banking account for students

The welcome bonus is particularly generous and easy to reach for most Canadians: Get 3,500 Welcome Points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months. Apply by January 29th, 2025.

^{RBC ION+ Visa disclosures:}

• Refer to RBC page for up to date offer terms and conditions.
  
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