Overall rating
First year value
$0
Get this card if you:
- want to earn cash back on everyday spending
- want comprehensive insurance coverage
- enjoy exclusive travel perks like airport lounge access
At a glance
The ManulifeMONEY+ Visa Infinite* Card is a premium cash back credit card offering elevated earn rates on categories such as groceries and travel-related purchases. Cardholders benefit from a waived annual fee for the first year and a promotional interest rate on balance transfers.
Highlights
1.99% intro rate
Welcome bonus
$139
Annual fee
$50 for each additional cardholder
Interest Rates
20.99%
Purchase APR
22.99%
Balance transfer APR
Balance transfers after six months
22.99%
Cash advance APR
Eligibility
Excellent
Recommended credit score
$60,000
Required annual personal income
$100,000
Required annual household income
Quick overview of the ManulifeMONEY+ Visa Infinite* Card
The ManulifeMONEY+ Visa Infinite* Card is a premium cash back credit card from investment and asset management firm Manulife Bank. The card earns up to 3% cash back on purchases on groceries, up to 2% back on a variety of travel categories and 1% back on everything else for a $120 annual fee, which Manulife waives for the first year.
Who can benefit from the ManulifeMONEY+ Visa Infinite* Card?
The ManulifeMONEY+ Visa Infinite* Card may make sense for a wide range of consumers, not the least of whom is the current Manulife customer. The card offers travel rewards and insurance coverage for frequent travellers, exclusive perks and concierge services and cash back rewards and discounts for savvy shoppers.
Pros and cons
Pros
-
No first year fee: The card's $139 annual fee is waived for the first year
-
Cash back rewards: Generous 3% cash back on groceries with a high $25,000 spending cap
-
Bonus categories: Bonus cash back on travel, including hotels, flights, cruises and more
-
Ideal for Manulife customers: Additional value with Manulife One
Cons
-
Overall value: The $139 annual fee doesn’t match the rewards on offer
-
Exclusivity: High income required for approval
-
Poor access: Only available for applications via phone
ManulifeMONEY+ Visa Infinite* Card welcome bonus
The ManulifeMONEY+ Visa Infinite* credit card does not offer a cash back or points welcome bonus. Instead, it offers two other sign-up bonuses:
- $139 annual fee is waived for the first year
- 1.99% interest on balance transfers for the first six months
Those bonuses may seem underwhelming but the annual fee waiver essentially means you can test out Manulife Bank credit cards and see if the premium option is right for you. If not, just downgrade to the ManulifeMoney+ Visa Platinum* with no annual fee before year two and avoid that $139 charge.
How to earn rewards with the ManulifeMONEY+ Visa Infinite* Card
The ManulifeMONEY+ Visa Infinite* credit card offers enhanced cash back rewards to try and match its $139 annual fee. Cardholders earn the following cash back on eligible purchases:
- 3% cash back at grocery stores
- 2% cash back on travel (flights, hotels, Airbnb and cruises)
- 1% cash back on everything else
The travel category is generous and lets you earn rewards on the usual things you’re likely to spend heavily on when travelling, and the addition of Airbnb is a nice nod to the fast-growing travel trend.
Both the 3% and 2% back categories are capped at $25,000 in annual spending, with cardholders earning the flat-rate 1% back thereafter. A cap might sound frustrating but unless you spend more than $2,500 per month on groceries, you’re unlikely to notice.
How to redeem
Redeeming rewards with the ManulifeMONEY+ Visa Infinite* Card is incredibly simple. In fact, you don't have to do anything at all. Cash back rewards will be automatically posted to your account four times a year: in March, June, September and December. It's important to note that cash back rewards don’t contribute to your minimum payment. Instead, it offsets the total balance and new statement balance periods.
Key benefits of the ManulifeMONEY+ Visa Infinite* Card
- No annual fee for the first year: The ManulifeMoney+ Visa Infinite* Card provides rewards and insurance far beyond the no annual fee version of the card. As a result you can expect an annual fee with the Visa Infinite of $139. But Manulife Bank waives that annual fee for the first year meaning you can enjoy the versatile cash back, enhanced travel insurance protections and find out if the card is right for you without the $139 fee for year one.
- Up to 3% cash back on groceries: The card also provides enhanced cash back versus the no annual fee ManulifeMoney+ Visa Platinum* Card. Cardholders earn 3% back on groceries up to the first $25,000 in annual spending, 2% back on the first $25,000 spent annually on travel (flights, hotels, Airbnb and cruises) and 1% back on all other purchases.
- $5,000 starting credit limit: Manulife credit cards come with at least a $5,000 minimum credit limit. That’s a healthy starting limit for a premium rewards credit card of this type; plus, it’s only the minimum and your credit limit could be even higher to start.
ManulifeMONEY+ Visa Infinite* Card insurance coverage
Manulife credit cards come with robust travel and purchase protections built-in. Beyond the basics of purchase protection and extended warranty Visa Infinite* cardholders can anticipate valuable insurance coverage for everything from bags and flight delay coverage to emergency accident insurance:
- Extended warranty: 1 year
- Purchase protection: 90 days
- Trip interruption: $2,000
- Flight delay: $500
- Baggage delay: $500
- Rental car: $65,000
- Travel accident: $500,000
- Emergency medical term: 15 days (over 65: 3 days)
Optional balance protection
Manulife also provides optional balance protection insurance. This coverage protects you from hardships with paying your credit card bill should illness, injury or unemployment impact your ability to pay on time. This coverage costs $0.99 for every $100 of your monthly total average daily balance.
Extra benefits of the ManulifeMONEY+ Visa Infinite* Card
- Visa Zero-liability in case of fraud on your account
- Visa Infinite benefits including 24/7 personal concierge, access to more than 900 properties through the Visa Global Hotels Collection, exclusive access to once-in-a-lifetime experiences and culinary explorations and more
- Mobile wallet compatibility with Apple Play, Google Pay, Samsung Pay, FitBit Pay and Garmin Pay
- Access to the Manulife mobile app
Additional value with Manulife One
The ManulifeMONEY+ Visa Infinite* Card comes with an exclusive offer towards other Manulife products. Manulife will waive your Manulife One Unlimited Daily Banking fee for the first year you’re an active cardholder. After that, it will waive the fee when you spend $20,000 a year on your card. That’s a savings of around $6,000, should you be interested.
How does the ManulifeMONEY+ Visa Infinite* Card compare?
up to 10%
Welcome Bonus
$950
First Year Value
$690
Annual Value
Welcome Bonus: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary* Expires Jun 01, 2025
Get this card if you...
-
are a high-earner looking to earn cash back
-
want great perks like travel insurance and concierge services
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
$2.5
Foreign Transaction
Rewards cash back
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
$2.5
Foreign Transaction
Rewards cash back
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
The BMO CashBack® World Elite® Mastercard is an extremely impressive cash back credit card (and one of our favourite grocery cards). That’s because it earns 5% cash back up to $500 spent per month, with other bonus categories including transit (4% back on up to $300 spent per month) gas (3% back on up to $300 per month), recurring bills (2% back on up to $500 per month) and unlimited 1% on everything else.
We estimate the BMO CashBack® World Elite® Mastercard provides a first-year value of $950 and an on-going rewards value of $570 per year based on the average Canadians’ spending habits from Statistics Canada. Still, the $120 annual fee (waived for the first year) and strict income and credit eligibility requirements may deter some.
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
†Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.
bonus 10% cash back
Welcome Bonus
$892.12
First Year Value
$642.12
Annual Value
Welcome Bonus: Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases).
Get this card if you...
-
want to earn cash back faster
-
need comprehensive insurance benefits
-
want a generous welcome offer to maximize rewards
Annual Fee & Annual Interest Rates
$119.88
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The SimplyCash® Preferred Card from American Express is a cash back credit card offering elevated earn rates on eligible gas and grocery purchases in Canada, with a standard rate on all other purchases. Cardholders benefit from a welcome bonus, as well as additional perks such as rental car insurance and travel accident coverage; however, the card carries a monthly fee, and cash back is redeemed annually each September.
Eligibility
Excellent (740+)
Recommended Credit Score
Pros
-
Competitive cash back rates: Up to 4% on gas and groceries, and more
-
Refer-a-friend bonus up to $750 annually
-
Extra benefits like rental car insurance and travel accident coverage
-
Manufacturer's warranty doubled on purchases
Cons
-
$9.99/month fee ($119.88 annually)
-
Cash back redeemed annually in September
-
Not all benefits may be relevant to all users
-
Limited to American Express acceptance
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$119.88
Annual Fee
$2.5
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
cash back on eligible gas station purchases in Canada
4%
cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually)
2%
cash back on all other purchases
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$100,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates.
Plus, earn a $50 statement credit* when you make a purchase in month 13.*
This could add up to $250 in bonus value in your first 13 months.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The SimplyCash® Preferred Card from American Express is a cash back credit card offering elevated earn rates on eligible gas and grocery purchases in Canada, with a standard rate on all other purchases. Cardholders benefit from a welcome bonus, as well as additional perks such as rental car insurance and travel accident coverage; however, the card carries a monthly fee, and cash back is redeemed annually each September.
Eligibility
Excellent (740+)
Recommended Credit Score
Pros
-
Competitive cash back rates: Up to 4% on gas and groceries, and more
-
Refer-a-friend bonus up to $750 annually
-
Extra benefits like rental car insurance and travel accident coverage
-
Manufacturer's warranty doubled on purchases
Cons
-
$9.99/month fee ($119.88 annually)
-
Cash back redeemed annually in September
-
Not all benefits may be relevant to all users
-
Limited to American Express acceptance
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$119.88
Annual Fee
$2.5
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
cash back on eligible gas station purchases in Canada
4%
cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually)
2%
cash back on all other purchases
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$100,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates.
Plus, earn a $50 statement credit* when you make a purchase in month 13.*
This could add up to $250 in bonus value in your first 13 months.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
The Simplycash® Preferred Card from American Express is another lucrative gas and grocery credit card worth considering. The card lets you earn 4% cash back on gas and groceries (up to $30,000 in spending per year), and 2% cash back on everything else. The Simplycash Preferred also comes with an expansive suite of travel insurance coverage on things like baggage and trip delay, emergency medical, rental car and other protections for a $119.88 annual fee (billed at $9.99 per month).
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.
Is the ManulifeMONEY+ Visa Infinite* Card worth it?
The ManulifeMONEY+ Visa Infinite* Card isn’t one of the bigger names in the Canadian credit card space, but it provides plenty of value for cardholders in its first year. The $120 annual fee doesn’t really provide a ton of value when you consider the rewards on offer but the first-year annual fee waiver makes this a card you can try to see what you like. Don’t like what you see? Just downgrade to the no annual fee ManulifeMONEY+ Visa Platinum* Card and you’ll be fine.
Eligibility requirements
The ManulifeMONEY+ Visa Infinite* Card has more stringent eligibility requirements than the no annual fee ManulifeMoney+ Card. Here’s what to expect before applying:
- Geographic requirements: Must be a Canadian resident
- Age requirement: Must be of the age of majority in your province or territory
- Income requirements: Personal income of $60,000+ or a household income of $100,000+
- Credit needed: Excellent credit
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.
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†Terms and Conditions apply.