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Methodology: Why you can trust our Best Credit Cards Canada list
At Money.ca we understand that there is no one-size-fits-all best credit card in Canada. Our proprietary scoring system used 155 different metrics to analyze over 17,500 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 cards in the most important categories.
For more, watch our video below and check our credit card review methodology. For each category below, the Star Rating (out of 5) for each card is an overall score, not how it performed for that specific category. Some cards won multiple categories. You can also compare cards by reading all of Money.ca's credit card reviews.
Finally, Money.ca's partnerships have no impact on our ratings, which are solely determined by the strengths of each card alone by our team of credit card experts.
Best credit cards in Canada overall

How we picked the gold, silver and bronze overall credit cards
For the best overall credit card in Canada, our on-staff credit card experts compared all of the major details of over 120 credit cards—across all categories. We rewarded high overall scores across every category, as well as high earn rates combined with low annual fees, and overall accessibility.
Card
Welcome Offer
Compared to over 120 cards using over 17,500 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 Welcome Bonus Membership Rewards® points* – that’s up to $150 in value.
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.
Best credit cards for rewards

How we picked the gold, silver and bronze rewards credit cards
We researched all major rewards credit cards in the Canadian market, using our proprietary algorithm to compare them by earn rates and the relative quality of rewards programs. For more rewards cards, read Money.ca's full list of best rewards credit cards.
Card
Welcome Offer
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.
Top credit cards for cash back

How we picked the gold, silver and bronze cash back credit cards
We analyzed all major Canadian cash back credit cards, using our proprietary algorithm to compare them by cash back rates and annual fees. For more cash back cards, read Money.ca's full list of best cash back credit cards.
Card
Welcome Offer
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.
Best credit cards for balance transfers

How we picked our gold, silver and bronze balance transfer credit cards
We used our proprietary algorithm to compare all major Canadian balance transfer credit cards by balance transfer fees, rates and welcome offers. For more balance transfer cards, read Money.ca's full list of best balance transfer credit cards.
Card
Welcome Offer
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% promotional annual interest rate (“AIR”)† 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.
Top credit cards with no annual fee

How we picked our gold, silver and bronze no annual fee credit cards
We used Money.ca's proprietary algorithm to compare all major Canadian no annual fee credit cards by earn rates, welcome offers and any other perks. For more no annual fee cards, read Money.ca's full list of best no annual fee credit cards.
Card
Welcome Offer
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.
Best low interest credit cards

How we picked our gold, silver and bronze low interest credit cards
Our credit card experts used Money.ca's proprietary algorithm to compare all major low interest rate credit cards by annual percentage rate (APR), welcome offer rates and any other perks. For more low APR cards, read Money.ca's full list of best low interest credit cards.
Card
Welcome Offer
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.
Best credit cards for groceries

How we picked our gold, silver and bronze grocery credit cards
Our credit card experts used Money.ca's proprietary algorithm to compare all major grocery credit cards by earn rates, welcome offers and any other perks. For more cards with high earn rates on grocery purchases, read Money.ca's full list of best grocery credit cards.
Card
Welcome Offer
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.
Best credit cards in Canada for gas

How we picked our gold, silver and bronze gas credit cards
We used our proprietary algorithm to compare all major gas credit cards by earn rates, welcome offers and perks like rental car insurance and CAA benefits. For more cards with high earn rates on grocery purchases, read Money.ca's full list of best gas credit cards.
Card
Welcome Offer
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.
Top credit cards for travel

How we picked our gold, silver and bronze travel credit cards
We compared all major travel credit cards by earn rates, insurance offerings, annual fee, welcome offers and any other associated perks. For more travel cards, read Money.ca's full list best travel credit cards.
Card
Welcome Offer
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.
Best credit cards for welcome bonus

How we picked our gold, silver and bronze credit cards for welcome offers
We compared all major credit cards by the quality of their welcome offers in the context of their annual fees. For more on sign-up offers and welcome bonuses, read Money.ca's full list of best credit card offers, updated every month.
Card
Welcome Offer
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.
Best credit cards in Canada for students

How we picked our gold, silver and bronze credit cards for students
We compared all major student credit cards by annual fees, interest rates, welcome offers and perks for students. For more on student credit cards, read Money.ca's full list of best student credit cards.
Card
Welcome Offer
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 14,000 Avion points upon approval - that’s $100 of value in gift cards! Apply by May 7, 2025.
RBC ION+ Visa disclosures:
Refer to RBC page for up to date offer terms and conditions.
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What are the best credit cards networks in Canada by popularity?
The best credit cards by popularity vary depending on the type, such as travel rewards, cash back offers, or low-fee options. Recent insights from YouGov categorize the top cards by their payment networks, including Visa and Mastercard, with an additional analysis by age group to assist you in choosing the most suitable option for those within your age bracket.
Ages 18-24:
- Visa: 33% market share
- Mastercard: 16% market share
Ages 25-35:
- Visa: 41% market share
- Mastercard: 27% market share
Ages 55 and over:
- Mastercard: 37% market share (leads in this group)
- Visa: 33% market share
All age groups combined:
- Visa: 34.4% market share
- Mastercard: 33.44% market share (nearly equal to Visa).
What's the best credit card company for customer service?
Choosing the right credit card isn't just about rewards and fees—it’s also about customer service. This includes how easy it is to get help and the options for contacting support. At Money.ca, we know firsthand how important good customer service and short hold times can be. When we talk to our writers about their best and worst experiences, long wait times often come up as a common frustration.
To shore up our best credit card rankings, we charted J.D. Power’s Canada Credit Card Satisfaction Studies from 2018, 2019, 2020, 2021, 2022, 2023 and 2024. In addition to some credit card issuers consistently performing better than others, like Tangerine, 2023 highlights a declining trend in customer satisfaction across Canadian issuers.
If customer satisfaction was the only determining factor, the best credit card issuers in Canada would continually be Tangerine, Canadian Tire Financial, and PC Financial. Traditional issuers like RBC credit cards and BMO credit cards consistently rank in the middle or the bottom with MBNA bringing up the rear.
Types of credit cards in Canada
How to choose the right credit card category for your needs
Your friends may want a travel credit card to book an upcoming vacation, while you'd rather earn cash back. Not to worry, there are hundreds of Canadian credit cards to serve each unique purpose. Here's what to look for in credit card categories.
Realistically, you probably won’t find one credit card that ranks #1 in every spending category, but you can cover all your bases by reading our guide: How many credit cards should I have?
Compare credit cards by network
In Canada, we have three major credit card networks: Amex, Mastercard, and Visa. Each network has its own requirements from income to credit score and offer a variety of perks to match your dreams and desires.
Compare credit cards by bank
Best credit card in Canada FAQs

Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.

Lisa Jackson is a freelance personal finance and travel journalist, editor, and blogger who contributes to various online and print media outlets in Canada and abroad, including The Globe & Mail, Toronto Star, Islands Magazine, Fodors, BRIDES, Huffington Post Canada, CAA Magazine, The Food Network, West Jet Magazine, NUVO Magazine, and many others. When she's not writing from her home office, she's busy globe-trotting to new destinations in search of her next story.
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The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.
†Terms and Conditions apply.