Best credit cards in Canada
For the average middle-income Canadian household’s card spending of $2,897 a month (Statistics Canada, 2023), the SimplyCash Preferred Card from American Express is worth the most: $783 a year after its annual fee. Enter your own spending below to see the order for you. Every rate and fee comes from the issuer’s own pages, usually its information box, with the date we checked it.
We currently earn nothing from any card on this page. If that changes, commission will never change the order. How we get paid
Ranked only by what each card is worth to you. We currently earn nothing from any card on this site; if that changes, commission will never change the order. How we get paid
- 1
SimplyCash Preferred Card from American Express
American Express
Worth to you each year$783$903 rewards − $120 fee · $983 in year one- Rewards
- 4% on gas; 4% (up to $30,000 a year) on groceries; 2% on everything else
- Intro offer
- Not published
- Annual interest rate
- 21.99% on purchases
- Annual fee
- $119.88
The catchThe $9.99 monthly fee ($119.88 a year) is charged whether or not you use the card, and grocery cash back stops counting at $1,200 a year. Amex’s pages we saved don’t state a foreign currency conversion fee.
Not forAnyone who carries a balance (21.99% on purchases), anyone who spends little (the $119.88 yearly fee needs about $6,000 of spending at 2% to pay for itself), and anyone who shops where Amex isn’t accepted.
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $316 Restaurants $3,216 $64 Gas $2,460 $98 Flights $972 $19 Hotels $492 $10 Other travel $1,020 $20 Streaming $288 $6 Pharmacy $1,176 $24 Entertainment $288 $6 Everything else $16,944 $339 - Annual fee: $120
- Annual interest rate: 21.99% on purchases
- Annual fee checked against the issuer’s simplycash preferred card from american express information box (application page) on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from American Express, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- Grocery cash back is 4% up to $1,200 cash back a year, which is $30,000 of grocery spending. Amex’s page doesn’t say what grocery spending above that earns, so we count it as nothing.
- Welcome offer: a bonus 10% cash back on up to $2,000 of purchases in the first 3 months (up to $200), plus a $50 statement credit for a purchase in month 13 (not counted). Current or former Cardmembers aren’t eligible.
- Quebec residents pay $119 once a year instead of $9.99 a month ($119.88 a year). Additional cards are free.
- Up to $60 in Instacart statement credits a year until December 31, 2027, and referral bonuses, are not counted.
- 21.99% is Amex’s “preferred rate”. After 2 separate Missed Payments in 12 months the rates become 25.99%, and after 3 or more 29.99% (the card page’s footnote; the information box defines a Missed Payment).
- The earn-rate footnotes on Amex’s card page open in a pop-up that our saved copy doesn’t contain, so any caps or exclusions they set aren’t recorded.
- Balance transfers and Amex cheques cost up to 3% “if offered”: Amex doesn’t say every account can make one.
- Quebec: Amex charges Quebec residents no dishonoured-payment fee ($15 elsewhere) and no over-limit fee ($29 elsewhere).
- Welcome bonus counted because your spending meets the requirement within 3 months.
- 2
Scotiabank Gold American Express Card
Scotiabank · American Express
Worth to you each year$739$859 rewards − $120 fee- Rewards
- 5x points on groceries, 5x points on restaurants, 5x points on entertainment, 3x points on gas, 3x points on transit, 3x points on streaming (up to $50,000 a year combined, then 1x points); 1x points on everything else
- Intro offer
- Not published
- Annual interest rate
- 21.99% on purchases
- Annual fee
- $120
The catchThe $120 fee is charged every year unless you hold an eligible Scotiabank chequing package, the accelerated rates stop after $50,000 a year, and not every merchant takes American Express.
Not forAnyone who carries a balance (21.99% on purchases), and anyone who shops where American Express isn’t accepted.
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $395 Restaurants $3,216 $161 Gas $2,460 $74 Flights $972 $10 Hotels $492 $5 Other travel $1,020 $10 Streaming $288 $9 Pharmacy $1,176 $12 Entertainment $288 $14 Everything else $16,944 $169 - Annual fee: $120
- Annual interest rate: 21.99% on purchases
- Annual fee checked against the issuer’s scotiabank gold american express card page on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from Scotiabank, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- The bonus rates on groceries, dining, entertainment, gas, transit, streaming share one limit of CA$50,000 of spending a year. We assume your spending is spread evenly through the year, so the limit is used up across those categories in proportion to what you spend in each.
- Points valued at 1 cent each, the issuer’s stated cash redemption value: Scotiabank: Scene+ points redeem at $10 for every 1,000 points on fuel at participating Shell locations (1 cent a point), the same rate it quotes for travel.
- 6 Scene+ points per $1 at Sobeys, IGA, Safeway, FreshCo and other Sobeys-family grocers is not counted; those purchases count at the 5-point grocery rate. The accelerated rates apply to the first $50,000 a year of accelerated purchases combined, and only to purchases in Canadian dollars.
- Welcome offer: 30,000 bonus Scene+ points after $2,000 in the first 3 months and 20,000 more after $7,500 in the first year. American Express is accepted at fewer merchants than Visa or Mastercard in Canada and abroad.
- Balance transfers are cash advances: they are charged the cash advance rate from the day they are made. A transfer under a promotional offer costs the offer’s fee (up to 3%, minimum $5).
- 3
CIBC Dividend Visa Infinite Card
CIBC · Visa
Worth to you each year$571$691 rewards − $120 fee · $691 in year one- Rewards
- 4% on groceries, 4% on gas, 2% on transit, 2% on restaurants (up to $20,000 a year combined, then 1%); 1% on everything else
- Intro offer
- Not published
- Annual interest rate
- 21.99% on purchases
- Annual fee
- $0 the first year, then $120
The catchThe 4% and 2% rates stop after $20,000 a year of category spending, and the $120 fee applies from the second year.
Not forAnyone spending under $3,000 a year on groceries and gas (4% of that is the $120 fee), anyone who carries a balance (21.99%), and anyone spending abroad (2.5% conversion fee).
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $316 Restaurants $3,216 $64 Gas $2,460 $98 Flights $972 $10 Hotels $492 $5 Other travel $1,020 $10 Streaming $288 $3 Pharmacy $1,176 $12 Entertainment $288 $3 Everything else $16,944 $169 - Annual fee: $120
- Annual interest rate: 21.99% on purchases
- Annual fee checked against the issuer’s cibc dividend visa infinite card page on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from CIBC, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- The bonus rates on groceries, gas, transit, dining share one limit of CA$20,000 of spending a year. We assume your spending is spread evenly through the year, so the limit is used up across those categories in proportion to what you spend in each.
- The 4% and 2% rates apply to the first $20,000 a year of purchases in the bonus categories combined, and stop once all card purchases reach $50,000 a year, whichever comes first; the calculator applies the $20,000 cap only. Recurring payments are not counted as a separate category, and 2% on CIBC by Expedia bookings is not counted.
- Welcome offer: 10% cash back on purchases in the first 4 statement periods, up to $2,000 of purchases ($200), replacing the regular rates.
- The first-year annual fee rebate comes with CIBC’s current welcome offer; the calculator ranks on the full fee.
- Quebec residents pay a 21.99% cash rate and no cash advance fee; the rest-of-Canada figures are recorded.
- Cash advances cost $5.00 each in Canada and $7.50 outside Canada, with interest from the day taken. Promotional balance transfers cost up to 5%, disclosed with the offer.
- The annual fee is lower in the first year, so year-one value includes the difference. The ranking uses the fee you pay from year two.
- 4
Capital One Quicksilver World Mastercard
Capital One · Mastercard
Worth to you each year$555$555 rewards − $0 fee- Rewards
- 3% on groceries, gas; 1% on everything else
- Intro offer
- Not published
- Annual interest rate
- Not published
- Annual fee
- $0
The catchYou only learn your rate, somewhere from 21.9% to 29.9%, at approval, superstores don’t earn the grocery rate, and Capital One doesn’t publish its cash advance or balance transfer fees.
Not forAnyone who carries a balance (rates of 21.9% to 29.9%, set at approval), anyone whose groceries come mostly from Walmart or Costco (1%, not 3%), and anyone who qualifies for the World Elite version at 20.9%.
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $237 Restaurants $3,216 $32 Gas $2,460 $74 Flights $972 $10 Hotels $492 $5 Other travel $1,020 $10 Streaming $288 $3 Pharmacy $1,176 $12 Entertainment $288 $3 Everything else $16,944 $169 - Annual fee: $0
- Annual interest rate: not published on the page we checked
- Annual fee checked against the issuer’s quicksilver world mastercard page on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from Capital One, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- Annual interest rates of 21.9% to 29.9% on purchases, balance transfers and cash advances, set at approval.
- Cash back: 3% at eligible grocery stores (not superstores such as Walmart and Costco), 3% at eligible gas stations and EV charging stations, 1% on everything else, with no cap. Redeemed only as a statement credit (1 cash Reward = $1.00). Cash advances and balance transfers earn nothing.
- First-year offer: Capital One matches all cash back earned in the first 365 days, dollar for dollar, credited within 2 billing periods after. Not counted. Capital One says it is “only available when displayed on this site”.
- Capital One notes that this premium card “can impose higher card acceptance costs on merchants”.
- Capital One doesn’t publish its cash advance, balance transfer or over-limit fees: the Cardholder Agreement says they are in the Disclosure statement you receive with the account.
- 5
Capital One Quicksilver World Elite Mastercard
Capital One · Mastercard
Worth to you each year$555$555 rewards − $0 fee- Rewards
- 3% on groceries, gas; 1% on everything else
- Intro offer
- Not published
- Annual interest rate
- 20.9% on purchases
- Annual fee
- $0
The catchSuperstores such as Walmart and Costco don’t count as grocery stores, and Capital One doesn’t publish its cash advance or balance transfer fees. The rate is 20.9% on purchases, transfers and cash advances.
Not forAnyone whose grocery spending is mostly at Walmart or Costco (superstores earn 1%, not 3%), anyone who carries a balance (20.9%), and anyone below the income minimum.
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $237 Restaurants $3,216 $32 Gas $2,460 $74 Flights $972 $10 Hotels $492 $5 Other travel $1,020 $10 Streaming $288 $3 Pharmacy $1,176 $12 Entertainment $288 $3 Everything else $16,944 $169 - Annual fee: $0
- Annual interest rate: 20.9% on purchases
- Annual fee checked against the issuer’s quicksilver world elite mastercard page on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from Capital One, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- 20.9% applies to purchases, balance transfers and cash advances.
- Cash back: 3% at eligible grocery stores (not superstores such as Walmart and Costco), 3% at eligible gas stations and EV charging stations, 1% on everything else, with no cap. Redeemed only as a statement credit (1 cash Reward = $1.00). Cash advances and balance transfers earn nothing.
- First-year offer: Capital One matches all cash back earned in the first 365 days, dollar for dollar, credited within 2 billing periods after. Not counted. Capital One says it is “only available when displayed on this site”.
- Capital One notes that this premium card “can impose higher card acceptance costs on merchants”.
- Capital One doesn’t publish its cash advance, balance transfer or over-limit fees: the Cardholder Agreement says they are in the Disclosure statement you receive with the account.
- 6
Desjardins Cash Back World Elite Mastercard
Desjardins · Mastercard
Worth to you each year$555$655 rewards − $100 fee- Rewards
- 4% (up to $10,000 a year) on groceries; 3% (up to $6,000 a year) on restaurants; 3% on entertainment; 1% on everything else
- Intro offer
- Not published
- Annual interest rate
- 20.9% on purchases
- Annual fee
- $100
The catchA $100 annual fee, and the 4% and 3% rates stop at $10,000 of groceries and $6,000 of restaurants a year. Cash back pays out only in $100 steps.
Not forAnyone spending little on groceries and restaurants (the $100 fee eats the gain), anyone who carries a balance (20.90%), and anyone spending abroad (2.5% fee).
Apply on the issuer’s site We don’t earn from this card.How we worked this out
Your yearly spending and what this card earns on it Category You spend a year You earn Groceries $7,908 $316 Restaurants $3,216 $96 Gas $2,460 $25 Flights $972 $10 Hotels $492 $5 Other travel $1,020 $10 Streaming $288 $3 Pharmacy $1,176 $12 Entertainment $288 $9 Everything else $16,944 $169 - Annual fee: $100
- Annual interest rate: 20.9% on purchases
- Annual fee checked against the issuer’s cardholder contract and information box, outside quebec (effective october 19, 2026) on October 21, 2026
- All source checks for this card: October 21, 2026.
- Card image from Desjardins, taken from its own page on October 21, 2026
- You pay your full balance every month, so no interest is charged.
- 4% on groceries applies to the first $10,000 a year and 3% at restaurants to the first $6,000; after that, 1%.
- Not counted: 3% on “Alternative transportation” and, where offered, “Pre-authorized payments”, which have no calculator category.
- Cash back is credited to the account each time it reaches $100. Each additional card costs $30 a year. Travel insurance for trips up to 3 days, mobile device insurance and Mastercard Travel Pass are not counted.
- Category rates depend on the merchant category code Visa or Mastercard assigns. Annual caps reset each January 1.
- Quebec residents sign a separate cardholder contract; the figures here are from the contract for residents outside Quebec. The minimum payment is 5% of the balance or $10.
44 cards aren’t ranked, and why
Rewards published, but no cash value we can use (24)
- RBC U.S. Dollar Visa Gold: its rewards can’t be put in dollars. The card earns 1 Avion point per U.S. $1 and RBC values points in Canadian dollars (“Every 100 Avion points is worth $1 CAD towards travel”); a U.S.-dollar spend can’t be valued in the calculator without an exchange rate, so it is not counted.
- RBC British Airways Visa Infinite: its rewards can’t be put in dollars. RBC states no dollar value for Avios on this card’s page, so the rewards are not valued (methodology: points count only at the issuer’s stated value).
- RBC ION Visa: its rewards can’t be put in dollars. RBC states no fixed value for the ION Visa’s Avion points: its page says the value depends on the product held and the redemption. Not valued.
- RBC ION+ Visa: its rewards can’t be put in dollars. RBC states no fixed value for the ION+ Visa’s Avion points: its page says the value depends on the product held and the redemption. Not valued.
- TD Aeroplan Visa Infinite Card: its rewards can’t be put in dollars. TD states no redemption value for Aeroplan points on its pages (its offer footnote counts 50,000 points as $1,000 of welcome-offer value, which is not a redemption rate). Not valued.
- TD Aeroplan Visa Infinite Privilege Credit Card: its rewards can’t be put in dollars. TD states no redemption value for Aeroplan points on its pages (its offer footnote counts Aeroplan points as part of the welcome-offer value, which is not a redemption rate). Not valued.
- TD Aeroplan Visa Platinum Credit Card: its rewards can’t be put in dollars. TD states no redemption value for Aeroplan points on this card’s page. Not valued.
- CIBC Aventura Visa Infinite Card: its rewards can’t be put in dollars. CIBC gives only “maximum redemption value” examples for this card’s Aventura Points (on flights from its Airline Rewards Chart), not a fixed redemption rate. Not valued.
- CIBC Aventura Visa Infinite Privilege Card: its rewards can’t be put in dollars. CIBC gives only “maximum redemption value” examples for this card’s Aventura Points (on flights from its Airline Rewards Chart), not a fixed redemption rate. Not valued.
- CIBC Aventura Gold Visa Card: its rewards can’t be put in dollars. CIBC gives only “maximum redemption value” examples for this card’s Aventura Points (on flights from its Airline Rewards Chart), not a fixed redemption rate. Not valued.
- CIBC U.S. Dollar Aventura Gold Visa Card: its rewards can’t be put in dollars. The card earns Aventura Points on U.S.-dollar spending and CIBC values them in Canadian dollars; a U.S.-dollar spend can’t be valued in the calculator without an exchange rate. Not counted.
- CIBC Aeroplan Visa Infinite Card: its rewards can’t be put in dollars. CIBC states no redemption value for Aeroplan points on this card’s page. Not valued.
- CIBC Aeroplan Visa Infinite Privilege Card: its rewards can’t be put in dollars. CIBC states no redemption value for Aeroplan points on this card’s page. Not valued.
- CIBC Aeroplan Visa Card: its rewards can’t be put in dollars. CIBC states no redemption value for Aeroplan points on this card’s page. Not valued.
- American Express Cobalt Card: its rewards can’t be put in dollars. Amex states a points value (1,000 points = $10 for eligible purchases), but the caps behind the Cobalt’s 5X, 3X and 2X categories sit in footnotes our saved page doesn’t contain, so the earn can’t be counted without overstating it. The earn rates are in the caveats.
- Marriott Bonvoy American Express Card: its rewards can’t be put in dollars. Amex states no dollar value for a Marriott Bonvoy point, so the earn can’t be counted (methodology: points are valued only at the issuer’s stated rate). The earn rates are in the caveats.
- American Express Aeroplan Reserve Card: its rewards can’t be put in dollars. Amex states no redemption rate for Aeroplan points that anyone can get: its $0.02 a point is what “the majority of current Aeroplan Cardmembers” received on flights, not a stated rate. The earn rates are in the caveats.
- American Express Gold Rewards Card: its rewards can’t be put in dollars. The Gold Rewards page states no points value for a redemption anyone can make (its statement-credit redemption gives no rate), and the caps behind its 2X categories sit in footnotes our saved page doesn’t contain. The earn rates are in the caveats.
- Capital One Smart Rewards Mastercard: its rewards can’t be put in dollars. Smart Rewards earns points on payments made towards the balance, not on spending, and the terms say the earn rate is “communicated to you by Capital One, from time to time” and that points have no cash value. Neither fits the calculator; the details are in the caveats.
- Neo Mastercard: its rewards can’t be put in dollars. The Neo Mastercard earns cash back only at Neo partner merchants (“Rewards type Cashback at Partners”), at rates that vary by partner offer; there is no general earn rate to count.
- Neo World Mastercard: its rewards can’t be put in dollars. Neo’s footnote setting the monthly spend limits on these cash back rates isn’t in the saved page, so the earn can’t be counted without overstating it. The rates are in the caveats.
- Neo World Elite Mastercard: its rewards can’t be put in dollars. Neo’s footnote setting the monthly spend limits on these cash back rates isn’t in the saved page, so the earn can’t be counted without overstating it. The rates are in the caveats.
- United MileagePlus Neo World Elite Mastercard: its rewards can’t be put in dollars. Neo states no dollar value for a MileagePlus mile, so the earn can’t be counted (points are valued only at the issuer’s stated rate). The earn rates are in the caveats.
- Cathay World Elite Mastercard (Powered by Neo): its rewards can’t be put in dollars. Neo states no dollar value for an Asia Mile, so the earn can’t be counted (points are valued only at the issuer’s stated rate). The earn rates are in the caveats.
No rewards described on the pages we checked (20)
- RBC Visa Classic Low Rate Option: the pages we checked describe no rewards. The RBC Visa Classic Low Rate Option earns no points or cash back.
- RBC Visa Platinum: the pages we checked describe no rewards. The RBC Visa Platinum earns no points or cash back of its own; only RBC’s linked-card partner offers.
- TD Low Rate Visa Card: the pages we checked describe no rewards. The TD Low Rate Visa earns no points or cash back.
- TD U.S. Dollar Visa Card: the pages we checked describe no rewards. The TD U.S. Dollar Visa earns no points or cash back.
- Scotiabank Value Visa Card: the pages we checked describe no rewards. The Scotiabank Value Visa earns no points or cash back.
- Scotiabank U.S. Dollar Visa Card: the pages we checked describe no rewards. The Scotiabank U.S. Dollar Visa earns no points or cash back of its own.
- CIBC Select Visa Card: the pages we checked describe no rewards. The CIBC Select Visa earns no points or cash back.
- CIBC Classic Visa Card: the pages we checked describe no rewards. The CIBC Classic Visa earns no points or cash back.
- National Bank Syncro Mastercard: the pages we checked describe no rewards. This card earns no points or cash back.
- National Bank MC1 Mastercard: the pages we checked describe no rewards. This card earns no points or cash back.
- Desjardins Flexi Visa: the pages we checked describe no rewards. The Flexi Visa earns no cash back or BONUSDOLLARS.
- American Express Essential Credit Card: the pages we checked describe no rewards. The Essential Credit Card earns no points or cash back: its page lists a low rate, coverage and Amex Experiences, and no earn rate.
- Capital One Guaranteed Mastercard: the pages we checked describe no rewards. The Guaranteed Mastercard earns no points or cash back: its page mentions none.
- Capital One Guaranteed Secured Mastercard: the pages we checked describe no rewards. The Guaranteed Secured Mastercard earns no points or cash back: its page mentions none.
- MBNA True Line Mastercard: the pages we checked describe no rewards. The True Line Mastercard earns no points or cash back: its page mentions none.
- MBNA True Line Gold Mastercard: the pages we checked describe no rewards. The True Line Gold Mastercard earns no points or cash back: its page mentions none.
- Home Trust Secured Visa (no annual fee): the pages we checked describe no rewards. The Secured Visa earns no points or cash back: its page mentions none.
- Home Trust Secured Visa (low rate, $59 annual fee): the pages we checked describe no rewards. The Secured Visa earns no points or cash back: its page mentions none.
- ATB Preferred Fixed-Rate Mastercard: the pages we checked describe no rewards. This card earns no points or cash back: its page mentions none.
- ATB Alberta Mastercard: the pages we checked describe no rewards. This card earns no points or cash back: its page mentions none.
The starting spending is Statistics Canada’s average for the middle fifth of households by income (2023): groceries $659, dining out $268, gas $205, flights $81, hotels $41, other travel $85, streaming $24, pharmacy $98, entertainment $24, everything else $1,412 a month. Load another income group above, or enter your own.
What is a credit card worth to a real Canadian household?
We took the average card spending of each fifth of Canadian households by income, from the Statistics Canada Survey of Household Spending for 2023, and ran it through all 75 cards we can value. A household in the middle fifth spends about $2,897 a month on things people usually pay for by card. What holds across the incomes:
- The same card leads at every income: the SimplyCash Preferred Card from American Express. The best card that pays one flat rate on everything comes within $118 to $435 a year of the leader.
- Here a card with an annual fee comes out ahead at every income. After its fee, the best fee card is worth $80 to $460 a year more than the best no-fee card, from the lowest fifth to the highest.
- Carry more than a few thousand dollars and no card’s rewards cover the interest. At each card’s published annual interest rate, the most any card can carry before a year’s interest outweighs its rewards is $1,898 for the lowest fifth and $7,638 for the highest.
| Household income before tax | Card spending a month | Card worth most a year | Lead over the best flat-rate card | Best fee card vs best no-fee card | Largest balance rewards still cover |
|---|---|---|---|---|---|
| Lowest 20% of incomes | $1,666 | $417 SimplyCash Preferred Card from American Express | $118 over Rogers Red World Elite Mastercard at $300 | $417 vs $337 SimplyCash Preferred Card from American Express | $1,898 SimplyCash Preferred Card from American Express |
| Second 20% | $2,405 | $648 SimplyCash Preferred Card from American Express | $215 over Rogers Red World Elite Mastercard at $433 | $648 vs $479 SimplyCash Preferred Card from American Express | $2,945 SimplyCash Preferred Card from American Express |
| Middle 20% of incomes | $2,897 | $783 SimplyCash Preferred Card from American Express | $261 over Rogers Red World Elite Mastercard at $521 | $783 vs $555 SimplyCash Preferred Card from American Express | $3,559 SimplyCash Preferred Card from American Express |
| Fourth 20% | $3,595 | $1,006 SimplyCash Preferred Card from American Express | $359 over Rogers Red World Elite Mastercard at $647 | $1,006 vs $694 SimplyCash Preferred Card from American Express | $4,686 Desjardins Odyssey Visa Infinite Privilege |
| Highest 20% of incomes | $4,836 | $1,356 SimplyCash Preferred Card from American Express | $435 over 2 tied flat-rate cards at $921 | $1,356 vs $896 SimplyCash Preferred Card from American Express | $7,638 Desjardins Odyssey Visa Infinite Privilege |
How we turned the survey into card spending
The survey reports what households spend, by item, as an average for each fifth of incomes. We turn it into a month and count only spending people usually put on a card:
- Groceries: Food purchased from stores
- Restaurants: Food purchased from restaurants
- Gas: Gas and other fuels (all vehicles and tools)
- Flights: Airplane
- Hotels: Hotels and motels
- Other travel: Package trips; Rented automobiles, vans and trucks; Inter-city bus; Other inter-city passenger transportation services
- Streaming: Digital services
- Pharmacy: Prescribed medicines, pharmaceutical products and cannabis for medical use; Non-prescribed medicines, pharmaceutical products, health care supplies and equipment
- Entertainment: Movie theatres; Live sporting and performing arts events; Admission fees to museums, zoos and other sites
- Everything else: Telephone; Internet access services; Pet expenses; Household cleaning supplies and equipment; Paper, plastic and foil supplies; Garden supplies and services; Other household supplies; Household furnishings and equipment; Clothing and accessories; Tires, batteries, and other parts and supplies for vehicles; Maintenance and repairs of vehicles; Parking (excluding parking fees included in rent and traffic and parking tickets); City or commuter bus, subway, streetcar and commuter train; Taxi (including tips); Peer-to-peer ride services; Personal care; Computer equipment and supplies; Home entertainment equipment and services; Television and satellite radio services (including installation, service and pay TV charges); Use of recreational facilities and fees for other recreational activities; Alcoholic beverages purchased from stores; Reading materials and other printed matter
Left out: Shelter; Water, fuel and electricity for principal accommodation; Private and public vehicle insurance premiums; Purchase of automobiles, vans and trucks; Fees for leased automobiles, vans and trucks; Tuition fees; Child care; Health care services and insurance premiums; Income taxes; Personal insurance payments and pension contributions; Gifts of money, support payments and charitable contributions; Financial services; Tobacco and cannabis; Games of chance. Local transit, taxis and ride-hailing count as everyday spending, because the calculator has no transit input. Online shopping is recorded by item, not by where you buy, so it counts under the item. Values Statistics Canada marks as too unreliable to publish are never counted as zero.
These are averages (means), which large spenders pull up, not a typical household. Values are rewards minus the annual fee, every year after the first, for paying in full; the balance column uses each card’s published annual interest rate and simple interest. Card terms are from our approved records, checked automatically against each issuer’s saved terms.
Source: Statistics Canada, Table 11-10-0223-01 Household spending by household income quintile, Canada, regions and provinces (retrieved October 27, 2026; data file). Our calculation.
Is a card with an annual fee worth it?
Only if its credits and perks are worth more to you than the gap below. Our values count rewards and the fee, not travel credits, lounge access or insurance (what our values leave out), so for each fee card we can value, the table shows what those extras would have to be worth a year for the card just to match the best no-fee card, on each income group’s real spending. For a middle-income household, 4 fee cards already match or beat the best no-fee card on rewards alone. For the rest, the perks must be worth from $5 for the MBNA Rewards World Elite Mastercard to $722 for the Scotiabank Passport Visa Infinite Privilege Card, which charges $599 a year.
| Card | Annual fee | Middle-income household | Range across incomes |
|---|---|---|---|
| SimplyCash Preferred Card from American Express | $120 | Already matches | $0 to $0 least for the lowest 20%, most for the lowest 20% |
| CIBC Dividend Visa Infinite Card | $120 | Already matches | $0 to $35 least for the middle 20%, most for the lowest 20% |
| Desjardins Cash Back World Elite Mastercard | $100 | Already matches | $0 to $36 least for the middle 20%, most for the lowest 20% |
| Scotiabank Gold American Express Card | $120 | Already matches | $0 to $0 least for the lowest 20%, most for the lowest 20% |
| MBNA Rewards World Elite Mastercard | $120 | $5 | $0 to $48 least for the fourth 20%, most for the lowest 20% |
| RBC Cash Back Preferred World Elite Mastercard | $120 | $50 | $0 to $86 least for the highest 20%, most for the lowest 20% |
| PC Insiders World Elite Mastercard | $120 | $61 | $34 to $69 least for the highest 20%, most for the lowest 20% |
| Scotia Momentum Visa Infinite+ Card | $120 | $66 | $35 to $77 least for the highest 20%, most for the lowest 20% |
| CIBC Dividend Platinum Visa Card | $99 | $67 | $63 to $83 least for the fourth 20%, most for the lowest 20% |
| Desjardins Odyssey World Elite Mastercard | $130 | $87 | $63 to $114 least for the highest 20%, most for the lowest 20% |
| Wealthsimple Visa Infinite+ Card | $240 | $100 | $0 to $178 least for the highest 20%, most for the lowest 20% |
| Wealthsimple Visa Infinite Privilege Card | $240 | $100 | $0 to $178 least for the highest 20%, most for the lowest 20% |
| WestJet RBC World Elite Mastercard | $139 | $121 | $85 to $142 least for the highest 20%, most for the lowest 20% |
| TD First Class Travel Visa Infinite Card | $139 | $121 | $92 to $136 least for the highest 20%, most for the second 20% |
| TD Cash Back Visa Infinite Card | $139 | $133 | $131 to $137 least for the highest 20%, most for the lowest 20% |
| Scotia Momentum Visa Card | $49 | $141 | $109 to $192 least for the lowest 20%, most for the highest 20% |
| Desjardins Odyssey Visa Infinite Privilege | $395 | $185 | $0 to $293 least for the highest 20%, most for the lowest 20% |
| MBNA Smart Cash World Mastercard | $39 | $186 | $117 to $294 least for the lowest 20%, most for the highest 20% |
| National Bank ECHO Cashback Mastercard | $30 | $186 | $133 to $267 least for the lowest 20%, most for the highest 20% |
| TD Platinum Travel Visa Card | $89 | $214 | $168 to $278 least for the lowest 20%, most for the highest 20% |
| WestJet RBC Mastercard | $39 | $229 | $168 to $324 least for the lowest 20%, most for the highest 20% |
| Scotiabank Passport Visa Infinite+ Card | $150 | $243 | $215 to $280 least for the lowest 20%, most for the highest 20% |
| Scotiabank Platinum American Express Card | $399 | $259 | $134 to $337 least for the highest 20%, most for the lowest 20% |
| ScotiaGold Passport Visa Card | $110 | $317 | $248 to $425 least for the lowest 20%, most for the highest 20% |
| RBC Avion Visa Infinite | $120 | $321 | $255 to $420 least for the lowest 20%, most for the highest 20% |
| RBC Avion Visa Platinum | $120 | $327 | $258 to $435 least for the lowest 20%, most for the highest 20% |
| Tangerine Rewards World Elite Mastercard | $120 | $327 | $258 to $435 least for the lowest 20%, most for the highest 20% |
| Desjardins Odyssey Gold Visa | $110 | $358 | $282 to $460 least for the lowest 20%, most for the highest 20% |
| National Bank World Elite Mastercard | $150 | $396 | $288 to $616 least for the lowest 20%, most for the highest 20% |
| National Bank Platinum Mastercard | $70 | $479 | $317 to $732 least for the lowest 20%, most for the highest 20% |
| National Bank World Mastercard | $115 | $496 | $352 to $721 least for the lowest 20%, most for the highest 20% |
| RBC Avion Visa Infinite Privilege | $399 | $519 | $487 to $569 least for the lowest 20%, most for the highest 20% |
| Rogers Red World Legend Mastercard | $495 | $529 | $520 to $542 least for the highest 20%, most for the fourth 20% |
| Scotiabank Passport Visa Infinite Privilege Card | $599 | $722 | $701 to $748 least for the lowest 20%, most for the fourth 20% |
Gap = the best no-fee card’s rewards minus its fee, less this card’s, both a year from year two and on the same household’s spending (Statistics Canada Survey of Household Spending; see real Canadian households). A card with a lower first-year fee costs less in year one. 30 fee cards aren’t shown because we can’t put their points or miles in dollars, so we can’t say what their perks must be worth: RBC U.S. Dollar Visa Gold; RBC British Airways Visa Infinite; RBC ION+ Visa; RBC Visa Classic Low Rate Option; TD Aeroplan Visa Infinite Card; TD Aeroplan Visa Infinite Privilege Credit Card; TD Aeroplan Visa Platinum Credit Card; TD Low Rate Visa Card; TD U.S. Dollar Visa Card; Scotiabank Value Visa Card; Scotiabank U.S. Dollar Visa Card; CIBC Aventura Visa Infinite Card; CIBC Aventura Visa Infinite Privilege Card; CIBC Aventura Gold Visa Card; CIBC U.S. Dollar Aventura Gold Visa Card; CIBC Aeroplan Visa Infinite Card; CIBC Aeroplan Visa Infinite Privilege Card; CIBC Select Visa Card; National Bank Syncro Mastercard; American Express Cobalt Card; American Express Essential Credit Card; Marriott Bonvoy American Express Card; American Express Aeroplan Reserve Card; American Express Gold Rewards Card; MBNA True Line Gold Mastercard; Home Trust Secured Visa (low rate, $59 annual fee); Neo World Elite Mastercard; United MileagePlus Neo World Elite Mastercard; Cathay World Elite Mastercard (Powered by Neo); ATB Preferred Fixed-Rate Mastercard.
Which credit card is best in Canada for a middle-income household? The SimplyCash Preferred Card from American Express
Why it wonIt is worth $783 a year on a middle-income household’s card spending of $2,897 a month: $903 in rewards minus a $120 annual fee. That is the most of the 75 Canadian cards we could value in dollars.
The catchThe $9.99 monthly fee ($119.88 a year) is charged whether or not you use the card, and grocery cash back stops counting at $1,200 a year. Amex’s pages we saved don’t state a foreign currency conversion fee.
Who can apply: A Canadian resident with a Canadian credit file, of the age of majority in the province or territory of residence. Amex offers an eligibility check with no impact to your credit score before you apply.
Not for: Anyone who carries a balance (21.99% on purchases), anyone who spends little (the $119.88 yearly fee needs about $6,000 of spending at 2% to pay for itself), and anyone who shops where Amex isn’t accepted.
The best credit card in Canada for each need
The best card depends on what you want it for. Each pick below follows a stated rule, applied to the figures each Canadian issuer publishes; the ones that depend on spending use the middle-income household’s $2,897 a month.
| Need | Card | Why | The catch |
|---|---|---|---|
| Most value for the example spending | SimplyCash Preferred Card from American Express | Worth $783 a year for a middle-income household, after a $119.88 annual fee. Rewards: 4% on gas; 4% (up to $30,000 a year) on groceries; 2% on everything else. Rule: the highest yearly value after the annual fee, for the example spending. | The $9.99 monthly fee ($119.88 a year) is charged whether or not you use the card, and grocery cash back stops counting at $1,200 a year. Amex’s pages we saved don’t state a foreign currency conversion fee. |
| No annual fee | Capital One Quicksilver World Mastercard | Worth $555 a year for a middle-income household, after a $0 annual fee. Rewards: 3% on groceries, gas; 1% on everything else. Rule: the most value for the example spending among cards with no annual fee. | You only learn your rate, somewhere from 21.9% to 29.9%, at approval, superstores don’t earn the grocery rate, and Capital One doesn’t publish its cash advance or balance transfer fees. |
| Cashback | SimplyCash Preferred Card from American Express | Worth $783 a year for a middle-income household, after a $119.88 annual fee. Rewards: 4% on gas; 4% (up to $30,000 a year) on groceries; 2% on everything else. Rule: the most value for the example spending among cards that pay cashback. | The $9.99 monthly fee ($119.88 a year) is charged whether or not you use the card, and grocery cash back stops counting at $1,200 a year. Amex’s pages we saved don’t state a foreign currency conversion fee. |
| Points or travel rewards | Scotiabank Gold American Express Card | Worth $739 a year for a middle-income household, after a $120 annual fee. Rewards: 5x points on groceries, 5x points on restaurants, 5x points on entertainment, 3x points on gas, 3x points on transit, 3x points on streaming (up to $50,000 a year combined, then 1x points); 1x points on everything else. Rule: the most value for the example spending among cards that earn points, Aeroplan points or Scene+ points, at the value the issuer states. | The $120 fee is charged every year unless you hold an eligible Scotiabank chequing package, the accelerated rates stop after $50,000 a year, and not every merchant takes American Express. |
| No overseas transaction fee | Scotiabank Gold American Express Card | Worth $739 a year for a middle-income household, after a $120 annual fee. Rewards: 5x points on groceries, 5x points on restaurants, 5x points on entertainment, 3x points on gas, 3x points on transit, 3x points on streaming (up to $50,000 a year combined, then 1x points); 1x points on everything else. Rule: the most value for the example spending among cards that charge no fee on overseas purchases. | The $120 fee is charged every year unless you hold an eligible Scotiabank chequing package, the accelerated rates stop after $50,000 a year, and not every merchant takes American Express. |
| Lowest purchase interest rate | National Bank Syncro Mastercard | 8.9% p.a. on purchases, with a $35 annual fee. Rule: the lowest purchase interest rate p.a. among cards that charge interest; a tie goes to the lower annual fee. | No rewards, and the rate is variable: it moves with National Bank’s prime rate and never falls below 8.90% on purchases. |
| Moving a balance from another card | MBNA True Line Mastercard | 0% promotional rate on balance transfers for 12 months, then 17.99%. Rule: the longest promotional rate on balance transfers; a tie goes to the lower rate, then the lower annual fee. | The 0% transfer still costs 3.00% (minimum $3.50) of each balance moved, and transfers revert to 17.99% after 12 statement periods. Cash advances cost 24.99%. |
Every Canadian credit card we compared
The table shows each of the 119 cards’ annual fee, purchase and cash advance interest rates, overseas transaction fee and rewards, as the issuer publishes them, with the date we checked. “Not published” means the issuer doesn’t state that figure on the pages we checked; we never estimate it.
| Card | Worth a year (middle income) | Annual fee | Purchase rate | Cash advance rate | Overseas fee | Rewards | Checked |
|---|---|---|---|---|---|---|---|
| SimplyCash Preferred Card from American Express American Express | $783 | $119.88 | 21.99% p.a. | 21.99% p.a. | Not published | 4% on gas; 4% (up to $30,000 a year) on groceries; 2% on everything else | October 21, 2026 |
| Scotiabank Gold American Express Card Scotiabank | $739 | $120 | 21.99% p.a. | 22.99% p.a. | None | 5x points on groceries, 5x points on restaurants, 5x points on entertainment, 3x points on gas, 3x points on transit, 3x points on streaming (up to $50,000 a year combined, then 1x points); 1x points on everything else | October 21, 2026 |
| CIBC Dividend Visa Infinite Card CIBC | $571 | $0 the first year, then $120 | 21.99% p.a. | 22.99% p.a. | 2.5% | 4% on groceries, 4% on gas, 2% on transit, 2% on restaurants (up to $20,000 a year combined, then 1%); 1% on everything else | October 21, 2026 |
| Capital One Quicksilver World Mastercard Capital One | $555 | $0 | Not published | Not published | None | 3% on groceries, gas; 1% on everything else | October 21, 2026 |
| Capital One Quicksilver World Elite Mastercard Capital One | $555 | $0 | 20.9% p.a. | 20.9% p.a. | None | 3% on groceries, gas; 1% on everything else | October 21, 2026 |
| Desjardins Cash Back World Elite Mastercard Desjardins | $555 | $100 | 20.9% p.a. | 21.9% p.a. | 2.5% | 4% (up to $10,000 a year) on groceries; 3% (up to $6,000 a year) on restaurants; 3% on entertainment; 1% on everything else | October 21, 2026 |
| MBNA Rewards World Elite Mastercard MBNA | $550 | $120 | 21.99% p.a. | 22.99% p.a. | Not published | 5x points (up to $50,000 a year each) on restaurants, groceries, streaming; 1x points on everything else | October 21, 2026 |
| PC World Elite Mastercard PC Financial | $529 | $0 | 21.99% p.a. | 22.97% p.a. | 2.5% | 30x points on groceries, pharmacies; 10x points on everything else | October 21, 2026 |
| Rogers Red World Elite Mastercard Rogers Bank | $521 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1.5% on everything | October 21, 2026 |
| SimplyCash Card from American Express American Express | $512 | $0 | 21.99% p.a. | 21.99% p.a. | Not published | 2% on gas; 2% (up to $15,000 a year) on groceries; 1.25% on everything else | October 21, 2026 |
| Triangle World Elite Mastercard Canadian Tire Bank (Triangle) | $506 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 3x points (up to $12,000 a year) on groceries; 1x points on everything else | October 21, 2026 |
| RBC Cash Back Preferred World Elite Mastercard RBC Royal Bank | $505 | $120 | 21.99% p.a. | 22.99% p.a. | Not published | 3% on groceries, restaurants, gas, transit, streaming; 1% on everything else | October 21, 2026 |
| PC Insiders World Elite Mastercard PC Financial | $494 | $0 the first year, then $120 | 21.99% p.a. | 22.97% p.a. | 2.5% | 40x points on groceries; 35x points on pharmacies; 10x points on everything else | October 21, 2026 |
| Scotia Momentum Visa Infinite+ Card Scotiabank | $489 | $0 the first year, then $120 | 20.99% p.a. | 22.99% p.a. | 2.5% | 2% on gas, 2% on transit (up to $25,000 a year combined, then 1%); 4% (up to $25,000 a year) on groceries; 1% on everything else | October 21, 2026 |
| Scotiabank American Express Card Scotiabank | $489 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 2x points on groceries, 2x points on restaurants, 2x points on entertainment, 2x points on gas, 2x points on transit, 2x points on streaming (up to $50,000 a year combined, then 1x points); 1x points on everything else | October 21, 2026 |
| CIBC Dividend Platinum Visa Card CIBC | $488 | $0 the first year, then $99 | 21.99% p.a. | 22.99% p.a. | 2.5% | 3% on groceries, 3% on gas, 2% on transit, 2% on restaurants (up to $20,000 a year combined, then 1%); 1% on everything else | October 21, 2026 |
| Desjardins Odyssey World Elite Mastercard Desjardins | $468 | $130 | 20.9% p.a. | 21.9% p.a. | 2.5% | 3x points (up to $10,000 a year) on groceries; 3x points (up to $6,000 a year) on restaurants; 2x points on entertainment; 2x points (up to $20,000 a year) on travel; 1x points on everything else | October 21, 2026 |
| Wealthsimple Visa Infinite+ Card Wealthsimple | $455 | $240 | 20.99% p.a. | 22.99% p.a. | None | 2% on everything | October 21, 2026 |
| Wealthsimple Visa Infinite Privilege Card Wealthsimple | $455 | $240 | 20.99% p.a. | 22.99% p.a. | None | 2% on everything | October 21, 2026 |
| PC World Mastercard PC Financial | $438 | $0 | 21.99% p.a. | 22.97% p.a. | 2.5% | 20x points on groceries, pharmacies; 10x points on everything else | October 21, 2026 |
| CIBC Costco Mastercard CIBC | $437 | $0 | 21.75% p.a. | 22.49% p.a. | 2.5% | 3% on restaurants; 2% (up to $5,000 a year) on gas; 1% on everything else | October 21, 2026 |
| WestJet RBC World Elite Mastercard RBC Royal Bank | $434 | $139 | 20.99% p.a. | 22.99% p.a. | Not published | 2x points on groceries, gas, transit; 1.5x points on everything else | October 21, 2026 |
| TD First Class Travel Visa Infinite Card TD Canada Trust | $434 | $0 the first year, then $139 | 21.99% p.a. | 22.99% p.a. | Not published | 6x points (up to $25,000 a year each) on groceries, restaurants, transit; 4x points (up to $25,000 a year) on streaming; 2x points on everything else | October 21, 2026 |
| TD Cash Back Visa Infinite Card TD Canada Trust | $422 | $0 the first year, then $139 | 21.99% p.a. | 22.99% p.a. | Not published | 3% (up to $15,000 a year each) on groceries, gas, transit, streaming; 1% on everything else | October 21, 2026 |
| Scotia Momentum Visa Card Scotiabank | $414 | $49 | 20.99% p.a. | 22.99% p.a. | 2.5% | 2% on groceries, 2% on gas, 2% on transit, 2% on pharmacies (up to $25,000 a year combined, then 1%); 1% on everything else | October 21, 2026 |
| Simplii Financial Cash Back Visa Simplii Financial | $402 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1.5% on groceries, 1.5% on gas, 1.5% on pharmacies (up to $15,000 a year combined, then 0.5%); 4% (up to $5,000 a year) on restaurants; 0.5% on everything else | October 21, 2026 |
| Desjardins Odyssey Visa Infinite Privilege Desjardins | $370 | $395 | 11.9% p.a. | 12.9% p.a. | 2.5% | 3x points on groceries; 4x points on restaurants, entertainment; 3x points (up to $25,000 a year) on travel; 1.5x points on everything else | October 21, 2026 |
| National Bank ECHO Cashback Mastercard National Bank | $369 | $30 | 20.99% p.a. | 22.49% p.a. | 2.5% | 1.5% on groceries, gas, online shopping; 1% on everything else | October 21, 2026 |
| MBNA Smart Cash World Mastercard MBNA | $369 | $39 | 21.99% p.a. | 22.99% p.a. | Not published | 2% on groceries, 2% on gas (up to $6,000 a year combined, then 1%); 1% on everything else | October 21, 2026 |
| American Express Green Card American Express | $348 | $0 | 21.99% p.a. | 21.99% p.a. | Not published | 1x points on everything | October 21, 2026 |
| Home Trust Preferred Visa Home Trust | $348 | $0 | 21.99% p.a. | 21.99% p.a. | None | 1% on everything | October 21, 2026 |
| Amazon.ca Rewards Mastercard MBNA | $348 | $0 | 21.74% p.a. | 22.99% p.a. | Not published | 1% on everything | October 21, 2026 |
| PC Mastercard PC Financial | $348 | $0 | 21.99% p.a. | 22.97% p.a. | 2.5% | 10x points on everything | October 21, 2026 |
| Rogers Red Mastercard Rogers Bank | $348 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1% on everything | October 21, 2026 |
| Rogers Red World Mastercard Rogers Bank | $348 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1% on everything | October 21, 2026 |
| Scotiabank Scene+ Visa Card Scotiabank | $348 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1x points on everything | October 21, 2026 |
| Walmart Rewards Mastercard Walmart Rewards (Fairstone Bank) | $348 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1x points on everything | October 21, 2026 |
| Walmart Rewards World Mastercard Walmart Rewards (Fairstone Bank) | $348 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1x points on everything | October 21, 2026 |
| TD Platinum Travel Visa Card TD Canada Trust | $341 | $0 the first year, then $89 | 21.99% p.a. | 22.99% p.a. | Not published | 4.5x points (up to $15,000 a year each) on groceries, restaurants, transit; 3x points (up to $15,000 a year) on streaming; 1.5x points on everything else | October 21, 2026 |
| WestJet RBC Mastercard RBC Royal Bank | $326 | $39 | 20.99% p.a. | 22.99% p.a. | Not published | 1.5x points on restaurants, streaming; 1x points on everything else | October 21, 2026 |
| moi RBC Visa RBC Royal Bank | $324 | $0 | 20.99% p.a. | 22.99% p.a. | Not published | 2x points on restaurants, gas; 1x points on everything else | October 21, 2026 |
| CIBC Dividend Visa Card CIBC | $321 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 2% on groceries, 1% on gas, 1% on transit, 1% on restaurants (up to $20,000 a year combined, then 0.5%); 0.5% on everything else | October 21, 2026 |
| Scotiabank Passport Visa Infinite+ Card Scotiabank | $312 | $150 | 20.99% p.a. | 22.99% p.a. | None | 2x points on groceries, 2x points on restaurants, 2x points on entertainment, 2x points on transit (up to $50,000 a year combined, then 1x points); 1x points on everything else | October 21, 2026 |
| RBC Cash Back Mastercard RBC Royal Bank | $305 | $0 | 21.99% p.a. | 22.99% p.a. | Not published | 2% on groceries; 1% on gas, transit; 0.5% on everything else | October 21, 2026 |
| Scotiabank Platinum American Express Card Scotiabank | $296 | $399 | 9.99% p.a. | 9.99% p.a. | None | 2x points on everything | October 21, 2026 |
| MBNA Smart Cash Platinum Plus Mastercard MBNA | $264 | $0 | 21.99% p.a. | 22.99% p.a. | Not published | 2% on groceries, 2% on gas (up to $6,000 a year combined, then 0.5%); 0.5% on everything else | October 21, 2026 |
| TD Rewards Visa Card TD Canada Trust | $257 | $0 | 21.99% p.a. | 22.99% p.a. | Not published | 3x points (up to $5,000 a year each) on groceries, restaurants, transit; 2x points (up to $5,000 a year) on streaming; 1x points on everything else | October 21, 2026 |
| Triangle Mastercard Canadian Tire Bank (Triangle) | $253 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1.5x points (up to $12,000 a year) on groceries; 1 point per $2 on everything else | October 21, 2026 |
| More Rewards RBC Visa Infinite RBC Royal Bank | $243 | $0 | 20.99% p.a. | 22.99% p.a. | Not published | 8x points on restaurants, gas; 4x points on everything else | October 21, 2026 |
| ScotiaGold Passport Visa Card Scotiabank | $238 | $0 the first year, then $110 | 19.99% p.a. | 22.99% p.a. | 2.5% | 1x points on everything | October 21, 2026 |
| RBC Avion Visa Infinite RBC Royal Bank | $234 | $120 | 20.99% p.a. | 22.99% p.a. | Not published | 1.25x points on travel; 1x points on everything else | October 21, 2026 |
| CIBC Adapta Mastercard CIBC | $232 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1x points on everything | October 21, 2026 |
| CIBC Aventura Visa Card CIBC | $232 | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | 1x points on groceries, gas, pharmacies; 1 point per $2 on everything else | October 21, 2026 |
| Meridian Visa Cash Back Card Meridian Credit Union | $232 | $0 | 19.5% p.a. | 21.99% p.a. | 2.5% | 1% on groceries, gas, pharmacies; 0.5% on everything else | October 21, 2026 |
| Scotia Momentum Mastercard Scotiabank | $232 | $0 | 20.99% p.a. | 22.99% p.a. | 2.5% | 1% on groceries, gas, pharmacies; 0.5% on everything else | October 21, 2026 |
| Scotia Momentum No-Fee Visa Card Scotiabank | $232 | $0 | 20.99% p.a. | 22.99% p.a. | 2.5% | 1% on groceries, 1% on gas, 1% on transit, 1% on pharmacies (up to $15,000 a year combined, then 0.5%); 0.5% on everything else | October 21, 2026 |
| MBNA Rewards Platinum Plus Mastercard MBNA | $231 | $0 | 21.99% p.a. | 22.99% p.a. | Not published | 2x points (up to $10,000 a year each) on restaurants, groceries, streaming; 1x points on everything else | October 21, 2026 |
| RBC Avion Visa Platinum RBC Royal Bank | $228 | $120 | 20.99% p.a. | 22.99% p.a. | Not published | 1x points on everything | October 21, 2026 |
| Tangerine Rewards World Elite Mastercard Tangerine | $228 | $120 | 20.95% p.a. | 22.95% p.a. | 2.5% | 1x points on everything | October 20, 2026 |
| Desjardins Bonus Visa Desjardins | $226 | $0 | 20.9% p.a. | 21.9% p.a. | 2.5% | 2x points (up to $3,600 a year) on restaurants; 2x points on entertainment; 1 point per $2 on everything else | October 21, 2026 |
| Desjardins Cash Back Mastercard Desjardins | $226 | $0 | 20.9% p.a. | 21.9% p.a. | 2.5% | 2% (up to $3,600 a year) on restaurants; 2% on entertainment; 0.5% on everything else | October 21, 2026 |
| Desjardins Cash Back Visa Desjardins | $226 | $0 | 20.9% p.a. | 21.9% p.a. | 2.5% | 2% (up to $3,600 a year) on restaurants; 2% on entertainment; 0.5% on everything else | October 21, 2026 |
| TD Cash Back Visa Card TD Canada Trust | $213 | $0 | 21.99% p.a. | 22.99% p.a. | Not published | 1% (up to $5,000 a year each) on groceries, gas, transit, streaming; 0.5% on everything else | October 21, 2026 |
| Desjardins Odyssey Gold Visa Desjardins | $197 | $110 | 20.9% p.a. | 21.9% p.a. | 2.5% | 2x points (up to $6,000 a year) on restaurants; 2x points on entertainment; 2x points (up to $15,000 a year) on travel; 1 point per $2 on everything else | October 21, 2026 |
| National Bank mycredit Mastercard National Bank | $190 | $0 | 20.99% p.a. | 22.49% p.a. | 2.5% | 1% on restaurants; 0.5% on everything else | October 21, 2026 |
| National Bank Allure Mastercard National Bank | $174 | $0 | 20.99% p.a. | 22.49% p.a. | 2.5% | 1 point per $2 on everything | October 21, 2026 |
| Tangerine Money-Back Credit Card Tangerine | $174 | $0 | 20.95% p.a. | 22.95% p.a. | 2.5% | 0.5% on everything | October 20, 2026 |
| Tangerine Money-Back World Mastercard Tangerine | $174 | $0 | 20.95% p.a. | 22.95% p.a. | 2.5% | 0.5% on everything | October 20, 2026 |
| More Rewards RBC Visa RBC Royal Bank | $173 | $0 | 20.99% p.a. | 22.99% p.a. | Not published | 5x points on restaurants, gas; 3x points on everything else | October 21, 2026 |
| National Bank World Elite Mastercard National Bank | $159 | $150 | 20.99% p.a. | 22.49% p.a. | 2.5% | 5x points on groceries, 5x points on restaurants, 2x points on gas, 1x points on everything else (up to $30,000 a year combined, then 2x points) | October 21, 2026 |
| National Bank Platinum Mastercard National Bank | $76 | $0 the first year, then $70 | 20.99% p.a. | 22.49% p.a. | 2.5% | 2x points on groceries, 2x points on restaurants, 1.5x points on gas, 1 point per $2 on everything else (up to $12,000 a year combined, then 1.5x points) | October 21, 2026 |
| National Bank World Mastercard National Bank | $59 | $115 | 20.99% p.a. | 22.49% p.a. | 2.5% | 1.25x points on everything | October 21, 2026 |
| RBC Avion Visa Infinite Privilege RBC Royal Bank | $36 | $399 | 20.99% p.a. | 22.99% p.a. | Not published | 1.25x points on everything | October 21, 2026 |
| Rogers Red World Legend Mastercard Rogers Bank | $26 | $495 | 21.99% p.a. | 22.99% p.a. | None | 1.5% on everything | October 21, 2026 |
| Scotiabank Passport Visa Infinite Privilege Card Scotiabank | -$167 | $599 | 20.99% p.a. | 22.99% p.a. | None | 3x points on travel; 2x points on restaurants, entertainment; 1x points on everything else | October 21, 2026 |
| RBC U.S. Dollar Visa Gold RBC Royal Bank | Not ranked | $65 | 20.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| RBC British Airways Visa Infinite RBC Royal Bank | Not ranked | $165 | 20.5% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| RBC ION Visa RBC Royal Bank | Not ranked | $0 | 20.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| RBC ION+ Visa RBC Royal Bank | Not ranked | $48 | 20.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| RBC Visa Classic Low Rate Option RBC Royal Bank | Not ranked | $20 | 12.99% p.a. | 14.99% p.a. | Not published | None advertised | October 21, 2026 |
| RBC Visa Platinum RBC Royal Bank | Not ranked | $0 | 20.99% p.a. | 22.99% p.a. | Not published | None advertised | October 21, 2026 |
| TD Aeroplan Visa Infinite Card TD Canada Trust | Not ranked | $0 the first year, then $139 | 21.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| TD Aeroplan Visa Infinite Privilege Credit Card TD Canada Trust | Not ranked | $599 | 21.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| TD Aeroplan Visa Platinum Credit Card TD Canada Trust | Not ranked | $0 the first year, then $89 | 21.99% p.a. | 22.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| TD Low Rate Visa Card TD Canada Trust | Not ranked | $0 the first year, then $25 | 12.9% p.a. | 12.9% p.a. | Not published | None advertised | October 21, 2026 |
| TD U.S. Dollar Visa Card TD Canada Trust | Not ranked | $39 | 21.99% p.a. | 22.99% p.a. | Not published | None advertised | October 21, 2026 |
| Scotiabank Value Visa Card Scotiabank | Not ranked | $0 the first year, then $29 | 13.99% p.a. | 13.99% p.a. | 2.5% | None advertised | October 21, 2026 |
| Scotiabank U.S. Dollar Visa Card Scotiabank | Not ranked | $35 | 19.99% p.a. | 22.99% p.a. | Not published | None advertised | October 21, 2026 |
| CIBC Aventura Visa Infinite Card CIBC | Not ranked | $0 the first year, then $139 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Aventura Visa Infinite Privilege Card CIBC | Not ranked | $499 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Aventura Gold Visa Card CIBC | Not ranked | $0 the first year, then $139 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC U.S. Dollar Aventura Gold Visa Card CIBC | Not ranked | $35 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Aeroplan Visa Infinite Card CIBC | Not ranked | $139 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Aeroplan Visa Infinite Privilege Card CIBC | Not ranked | $599 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Aeroplan Visa Card CIBC | Not ranked | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| CIBC Select Visa Card CIBC | Not ranked | $0 the first year, then $29 | 13.99% p.a. | 13.99% p.a. | 2.5% | None advertised | October 21, 2026 |
| CIBC Classic Visa Card CIBC | Not ranked | $0 | 21.99% p.a. | 22.99% p.a. | 2.5% | None advertised | October 21, 2026 |
| National Bank Syncro Mastercard National Bank | Not ranked | $35 | 8.9% p.a. | 12.9% p.a. | 2.5% | None advertised | October 21, 2026 |
| National Bank MC1 Mastercard National Bank | Not ranked | $0 | 20.99% p.a. | 22.49% p.a. | 2.5% | None advertised | October 21, 2026 |
| Desjardins Flexi Visa Desjardins | Not ranked | $0 | 10.9% p.a. | 12.9% p.a. | 2.5% | None advertised | October 21, 2026 |
| American Express Cobalt Card American Express | Not ranked | $191.88 | 21.99% p.a. | 21.99% p.a. | 2.5% | Earns points; the issuer states no dollar value | October 21, 2026 |
| American Express Essential Credit Card American Express | Not ranked | $25 | 12.99% p.a. | 12.99% p.a. | Not published | None advertised | October 21, 2026 |
| Marriott Bonvoy American Express Card American Express | Not ranked | $120 | 21.99% p.a. | 21.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| American Express Aeroplan Reserve Card American Express | Not ranked | $599 | 21.99% p.a. | 21.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| American Express Gold Rewards Card American Express | Not ranked | $250 | 21.99% p.a. | 21.99% p.a. | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| Capital One Smart Rewards Mastercard Capital One | Not ranked | $0 | Not published | Not published | Not published | Earns points; the issuer states no dollar value | October 21, 2026 |
| Capital One Guaranteed Mastercard Capital One | Not ranked | $0 | 29.9% p.a. | 29.9% p.a. | Not published | None advertised | October 21, 2026 |
| Capital One Guaranteed Secured Mastercard Capital One | Not ranked | $0 | 29.9% p.a. | 29.9% p.a. | Not published | None advertised | October 21, 2026 |
| MBNA True Line Mastercard MBNA | Not ranked | $0 | 12.99% p.a. | 24.99% p.a. | Not published | None advertised | October 21, 2026 |
| MBNA True Line Gold Mastercard MBNA | Not ranked | $39 | 10.99% p.a. | 24.99% p.a. | Not published | None advertised | October 21, 2026 |
| Home Trust Secured Visa (no annual fee) Home Trust | Not ranked | $0 | 19.99% p.a. | 19.99% p.a. | 2% | None advertised | October 21, 2026 |
| Home Trust Secured Visa (low rate, $59 annual fee) Home Trust | Not ranked | $59 | 14.99% p.a. | 19.8% p.a. | 2% | None advertised | October 21, 2026 |
| Neo Mastercard Neo Financial | Not ranked | $0 | Not published | Not published | 3% | Earns points; the issuer states no dollar value | October 21, 2026 |
| Neo World Mastercard Neo Financial | Not ranked | $0 | Not published | Not published | 3% | Earns points; the issuer states no dollar value | October 21, 2026 |
| Neo World Elite Mastercard Neo Financial | Not ranked | $149 | Not published | Not published | 3% | Earns points; the issuer states no dollar value | October 21, 2026 |
| United MileagePlus Neo World Elite Mastercard Neo Financial | Not ranked | $89 | Not published | Not published | 3% | Earns points; the issuer states no dollar value | October 21, 2026 |
| Cathay World Elite Mastercard (Powered by Neo) Neo Financial | Not ranked | $180 | Not published | Not published | 3% | Earns points; the issuer states no dollar value | October 21, 2026 |
| ATB Preferred Fixed-Rate Mastercard ATB Financial | Not ranked | $29 | 10.9% p.a. | 10.9% p.a. | 2.9% | None advertised | October 21, 2026 |
| ATB Alberta Mastercard ATB Financial | Not ranked | $0 | 19.99% p.a. | 22.99% p.a. | 2.9% | None advertised | October 21, 2026 |
What Canadian credit cards cost, from our records
Across the 119 Canadian credit cards we recorded from 20 issuers (RBC Royal Bank, TD Canada Trust, Scotiabank, CIBC, National Bank, Desjardins, Tangerine, Simplii Financial, PC Financial, Rogers Bank, Canadian Tire Bank (Triangle), Walmart Rewards (Fairstone Bank), American Express, Capital One, MBNA, Home Trust, Neo Financial, Wealthsimple, ATB Financial, Meridian Credit Union), here is what the issuers publish, checked between October 20, 2026 and October 21, 2026. These are the cards in our records, not every card sold in Canada.
- 55 of 119
- cards charge no annual fee.Where a fee is charged, the median is $120 and the highest $599.
- 21.37% p.a.
- is the median purchase interest rate (112 cards).Lowest 8.9%, highest 29.9%.
- 22.99% p.a.
- is the median cash advance interest rate (112 cards), usually charged from the day you withdraw.
- 10 of 75
- cards charge no fee on overseas purchases.The others charge a median of 2.5% of each overseas purchase.
- 35 of 119
- cards pay cashback, and 40 earn points at a dollar value the issuer states.For 24, the issuer publishes points but no dollar value for them, so we can’t rank them on rewards. 20 earn no rewards.
- 9
- cards advertise a promotional rate on balance transfers, the longest for 12 months.
How much does carrying a balance cost on a Canadian credit card?
A $3,000 balance paid off at $150 a month costs $742 in interest and takes 2 years 1 month at the median purchase rate in our records, 21.37% p.a. At the lowest rate, 8.9% p.a. (National Bank Syncro Mastercard), the same balance costs $259 in interest and takes 1 year 10 months, plus that card’s $35 annual fee.
Our calculation assumes the rate stays the same, interest is charged monthly at the rate ÷ 12, and nothing new is bought on the card. If you often carry a balance, look at the interest rate before the rewards.
What rate does a Canadian balance transfer go to when the offer ends?
9 of the 119 Canadian cards in our records advertise a promotional rate on balance transfers. For 6 of them, the issuer’s own terms say whatever is left when the offer ends is charged at the card’s cash advance rate, which is higher than its rate on purchases. A balance you haven’t cleared by then costs that rate from the day the offer ends, so check the “then” rate, not just the months. Each offer’s conditions (who qualifies, the fee, how much you can move) are in the issuer’s information box and in the card’s entry in the calculator above.
| Card | Offer | Purchase rate | Cash advance rate | Balance transfer fee |
|---|---|---|---|---|
| MBNA True Line Mastercard MBNA | 0% promotional rate on balance transfers for 12 months, then 17.99% | 12.99% p.a. | 24.99% p.a. | 3% (minimum $3.50) |
| Scotia Momentum Visa Infinite+ Card Scotiabank | 0% promotional rate on balance transfers for 12 months, then 22.99% Goes to the cash advance rate. | 20.99% p.a. | 22.99% p.a. | 2% |
| CIBC Select Visa Card CIBC | 0% promotional rate on balance transfers for 10 months, then 13.99% | 13.99% p.a. | 13.99% p.a. | 1% |
| RBC Visa Classic Low Rate Option RBC Royal Bank | 0.99% promotional rate on balance transfers for 10 months, then 14.99% Goes to the cash advance rate. | 12.99% p.a. | 14.99% p.a. | 0% (minimum $5) |
| Scotiabank Value Visa Card Scotiabank | 0% promotional rate on balance transfers for 9 months, then 13.99% | 13.99% p.a. | 13.99% p.a. | 1% |
| Scotia Momentum Visa Card Scotiabank | 0.99% promotional rate on balance transfers for 9 months, then 22.99% Goes to the cash advance rate. | 20.99% p.a. | 22.99% p.a. | 2% |
| Scotia Momentum No-Fee Visa Card Scotiabank | 0.99% promotional rate on balance transfers for 9 months, then 22.99% Goes to the cash advance rate. | 20.99% p.a. | 22.99% p.a. | 2% |
| Tangerine Money-Back Credit Card Tangerine | 1.95% promotional rate on balance transfers for 6 months, then 22.95% Goes to the cash advance rate. | 20.95% p.a. | 22.95% p.a. | 1% for transfers in the first 30 days, then 3% (minimum $5) |
| Tangerine Money-Back World Mastercard Tangerine | 1.95% promotional rate on balance transfers for 6 months, then 22.95% Goes to the cash advance rate. | 20.95% p.a. | 22.95% p.a. | 1% for transfers in the first 30 days, then 3% (minimum $5) |
How we chose the best credit cards in Canada
- Your spending, by category. We apply each card’s cashback or points to what you spend in each category, with any limits the issuer states.
- Minus the annual fee. Cards are ranked by what they are worth each year after the fee.
- Only what can be put in dollars. Points, Aeroplan points and Scene+ points count only at a value the issuer itself states. Where it states none, the card isn’t ranked, and the calculator says why.
- Interest kept separate. The ranking assumes you pay the full balance each month. Each card’s purchase rate is shown beside it for anyone who doesn’t.
- No commission in the sum. We earn nothing from any card today. If that changes, the calculation still has no input for it.
Every figure comes from the issuer’s own information box, card page or rates and fees page, saved with the date we checked. The check is automatic, word for word, against a saved copy of each page. Insurance, lounge access, interest-free days and retailer deals aren’t counted. How we compare cards
Some issuers are missing: BMO (its site refused our network); Brim (its pages gave conflicting fees and no interest rates); Vancity and Coast Capital (their sites were unavailable when we checked). We don’t publish figures we can’t show the source of, so their cards will appear here once we can check them. These are the cards in our records, not every card sold in Canada: smaller banks and credit unions have cards we haven’t recorded.
Sources
- RBC Royal Bank: RBC Avion Visa Infinite page, checked October 21, 2026.
- RBC Royal Bank: RBC Avion Visa Infinite Privilege page, checked October 21, 2026.
- RBC Royal Bank: RBC Avion Visa Platinum page, checked October 21, 2026.
- RBC Royal Bank: RBC U.S. Dollar Visa Gold page, checked October 21, 2026.
- RBC Royal Bank: WestJet RBC World Elite Mastercard page, checked October 21, 2026.
- RBC Royal Bank: WestJet RBC Mastercard page, checked October 21, 2026.
- RBC Royal Bank: RBC British Airways Visa Infinite page, checked October 21, 2026.
- RBC Royal Bank: RBC ION Visa page, checked October 21, 2026.
- RBC Royal Bank: RBC ION+ Visa page, checked October 21, 2026.
- RBC Royal Bank: moi RBC Visa page, checked October 21, 2026.
- RBC Royal Bank: More Rewards RBC Visa page, checked October 21, 2026.
- RBC Royal Bank: More Rewards RBC Visa Infinite page, checked October 21, 2026.
- RBC Royal Bank: RBC Cash Back Mastercard page, checked October 21, 2026.
- RBC Royal Bank: RBC Cash Back Preferred World Elite Mastercard page, checked October 21, 2026.
- RBC Royal Bank: RBC Visa Classic Low Rate Option page, checked October 21, 2026.
- RBC Royal Bank: RBC Visa Platinum page, checked October 21, 2026.
- TD Canada Trust: TD Cash Back Visa Infinite Card page, checked October 21, 2026.
- TD Canada Trust: TD Cash Back Visa Card page, checked October 21, 2026.
- TD Canada Trust: TD First Class Travel Visa Infinite Card page, checked October 21, 2026.
- TD Canada Trust: TD Platinum Travel Visa Card page, checked October 21, 2026.
- TD Canada Trust: TD Rewards Visa Card page, checked October 21, 2026.
- TD Canada Trust: TD Aeroplan Visa Infinite Card page, checked October 21, 2026.
- TD Canada Trust: TD Aeroplan Visa Infinite Privilege Credit Card page, checked October 21, 2026.
- TD Canada Trust: TD Aeroplan Visa Platinum Credit Card page, checked October 21, 2026.
- TD Canada Trust: TD Low Rate Visa Card page, checked October 21, 2026.
- TD Canada Trust: TD U.S. Dollar Visa Card page, checked October 21, 2026.
- Scotiabank: Scotiabank Gold American Express Card page, checked October 21, 2026.
- Scotiabank: Scotiabank American Express Card page, checked October 21, 2026.
- Scotiabank: Scotiabank Platinum American Express Card page, checked October 21, 2026.
- Scotiabank: Scotiabank Passport Visa Infinite+ Card page, checked October 21, 2026.
- Scotiabank: Scotiabank Passport Visa Infinite Privilege Card page, checked October 21, 2026.
- Scotiabank: Scotiabank Scene+ Visa Card page, checked October 21, 2026.
- Scotiabank: ScotiaGold Passport Visa Card page, checked October 21, 2026.
- Scotiabank: Scotia Momentum Visa Infinite+ Card page, checked October 21, 2026.
- Scotiabank: Scotia Momentum Visa Card page, checked October 21, 2026.
- Scotiabank: Scotia Momentum No-Fee Visa Card page, checked October 21, 2026.
- Scotiabank: Scotia Momentum Mastercard page, checked October 21, 2026.
- Scotiabank: Scotiabank Value Visa Card page, checked October 21, 2026.
- Scotiabank: Scotiabank U.S. Dollar Visa Card page, checked October 21, 2026.
- CIBC: CIBC Dividend Visa Infinite Card page, checked October 21, 2026.
- CIBC: CIBC Dividend Platinum Visa Card page, checked October 21, 2026.
- CIBC: CIBC Dividend Visa Card page, checked October 21, 2026.
- CIBC: CIBC Costco Mastercard page, checked October 21, 2026.
- CIBC: CIBC Adapta Mastercard page, checked October 21, 2026.
- CIBC: CIBC Aventura Visa Card page, checked October 21, 2026.
- CIBC: CIBC Aventura Visa Infinite Card page, checked October 21, 2026.
- CIBC: CIBC Aventura Visa Infinite Privilege Card page, checked October 21, 2026.
- CIBC: CIBC Aventura Gold Visa Card page, checked October 21, 2026.
- CIBC: CIBC U.S. Dollar Aventura Gold Visa Card page, checked October 21, 2026.
- CIBC: CIBC Aeroplan Visa Infinite Card page, checked October 21, 2026.
- CIBC: CIBC Aeroplan Visa Infinite Privilege Card page, checked October 21, 2026.
- CIBC: CIBC Aeroplan Visa Card page, checked October 21, 2026.
- CIBC: CIBC Select Visa Card page, checked October 21, 2026.
- CIBC: CIBC Classic Visa Card page, checked October 21, 2026.
- National Bank: World Elite Mastercard page, checked October 21, 2026.
- National Bank: Summary of the Terms and Conditions of the Credit Card (information box, 2026/02/10), checked October 21, 2026.
- National Bank: World Mastercard page, checked October 21, 2026.
- National Bank: À la carte Rewards Plan applicable rules, checked October 21, 2026.
- National Bank: Platinum Mastercard page, checked October 21, 2026.
- National Bank: Syncro Mastercard page, checked October 21, 2026.
- National Bank: ECHO Cashback Mastercard page, checked October 21, 2026.
- National Bank: Allure Mastercard page, checked October 21, 2026.
- National Bank: MC1 Mastercard page, checked October 21, 2026.
- National Bank: mycredit Mastercard page, checked October 21, 2026.
- Desjardins: Cardholder contract and information box, outside Quebec (effective October 19, 2026), checked October 21, 2026.
- Desjardins: Cash Back Visa page, checked October 21, 2026.
- Desjardins: Cash Back Mastercard page, checked October 21, 2026.
- Desjardins: Bonus Visa page, checked October 21, 2026.
- Desjardins: Flexi Visa cardholder contract and information box, outside Quebec (effective October 19, 2026), checked October 21, 2026.
- Desjardins: Odyssey Gold Visa page, checked October 21, 2026.
- Desjardins: Cash Back World Elite Mastercard page, checked October 21, 2026.
- Desjardins: Odyssey World Elite Mastercard page, checked October 21, 2026.
- Desjardins: Odyssey Visa Infinite Privilege cardholder contract and information box, outside Quebec (effective October 19, 2026), checked October 21, 2026.
- Desjardins: Odyssey Visa Infinite Privilege page, checked October 21, 2026.
- Tangerine: Money-Back Credit Card page, checked October 20, 2026.
- Tangerine: Cardholder Agreement and Application Disclosure Statements, checked October 20, 2026.
- Tangerine: Money-Back World Mastercard page, checked October 20, 2026.
- Tangerine: Rewards World Elite Mastercard page, checked October 20, 2026.
- Simplii Financial: Cash Back Visa rates and fees (information box), checked October 21, 2026.
- Simplii Financial: Cash Back Visa page, checked October 21, 2026.
- PC Financial: President’s Choice Financial Mastercard Application Disclosure Summary (current as of July 1, 2026), checked October 21, 2026.
- PC Financial: PC Mastercard page, checked October 21, 2026.
- PC Financial: PC World Mastercard page, checked October 21, 2026.
- PC Financial: PC World Elite Mastercard page, checked October 21, 2026.
- PC Financial: PC Insiders World Elite Mastercard page, checked October 21, 2026.
- Rogers Bank: Rogers Red Mastercard page, checked October 21, 2026.
- Rogers Bank: Disclosure Summary for any Rogers Bank credit card (08/2026), checked October 21, 2026.
- Rogers Bank: Rogers Red World Mastercard page, checked October 21, 2026.
- Rogers Bank: Rogers Red World Elite Mastercard page, checked October 21, 2026.
- Rogers Bank: Rogers Red World Legend Mastercard page, checked October 21, 2026.
- Canadian Tire Bank (Triangle): Triangle Mastercard page and information box, checked October 21, 2026.
- Canadian Tire Bank (Triangle): Triangle World Elite Mastercard page, checked October 21, 2026.
- Walmart Rewards (Fairstone Bank): Walmart Rewards Mastercard Disclosure Statement, checked October 21, 2026.
- Walmart Rewards (Fairstone Bank): Walmart Rewards Mastercard credit cards page, checked October 21, 2026.
- American Express: American Express Cobalt Card information box (application page), checked October 21, 2026.
- American Express: American Express Cobalt Card page, checked October 21, 2026.
- American Express: SimplyCash Preferred Card from American Express information box (application page), checked October 21, 2026.
- American Express: SimplyCash Preferred Card from American Express page, checked October 21, 2026.
- American Express: SimplyCash Card from American Express information box (application page), checked October 21, 2026.
- American Express: SimplyCash Card from American Express page, checked October 21, 2026.
- American Express: American Express Green Card information box (application page), checked October 21, 2026.
- American Express: American Express Green Card page, checked October 21, 2026.
- American Express: American Express Essential Credit Card information box (application page), checked October 21, 2026.
- American Express: Marriott Bonvoy American Express Card information box (application page), checked October 21, 2026.
- American Express: Marriott Bonvoy American Express Card page, checked October 21, 2026.
- American Express: American Express Aeroplan Reserve Card information box (application page), checked October 21, 2026.
- American Express: American Express Aeroplan Reserve Card page, checked October 21, 2026.
- American Express: American Express Gold Rewards Card information box (application page), checked October 21, 2026.
- American Express: American Express Gold Rewards Card page, checked October 21, 2026.
- Capital One: Quicksilver World Elite Mastercard page, checked October 21, 2026.
- Capital One: Quicksilver Rewards and Redemption terms (effective September 1, 2026), checked October 21, 2026.
- Capital One: Quicksilver World Mastercard page, checked October 21, 2026.
- Capital One: Capital One compare credit cards page, checked October 21, 2026.
- Capital One: Smart Rewards Mastercard page, checked October 21, 2026.
- Capital One: Smart Rewards Rewards and Redemption terms, checked October 21, 2026.
- Capital One: Guaranteed Mastercard page, checked October 21, 2026.
- Capital One: Guaranteed Secured Mastercard page, checked October 21, 2026.
- MBNA: MBNA True Line Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: MBNA True Line Gold Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: MBNA Smart Cash Platinum Plus Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: MBNA Smart Cash World Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: MBNA Rewards Platinum Plus Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: MBNA Rewards World Elite Mastercard page (region: Ontario), checked October 21, 2026.
- MBNA: Amazon.ca Rewards Mastercard page (region: Ontario), checked October 21, 2026.
- Home Trust: Home Trust Secured Visa Disclosure Statement, no fee (November 2023), checked October 21, 2026.
- Home Trust: Home Trust Secured Visa Disclosure Statement, with fee (November 2023), checked October 21, 2026.
- Home Trust: Home Trust Preferred Visa Disclosure Statement (February 2023), checked October 21, 2026.
- Home Trust: Home Trust Preferred Visa page, checked October 21, 2026.
- Neo Financial: Neo Financial Mastercard Disclosure Statement and Fee Schedule, Canada except Quebec (September 1, 2026), checked October 21, 2026.
- Neo Financial: Neo compare credit cards page, checked October 21, 2026.
- Neo Financial: United MileagePlus Neo World Elite Mastercard page, checked October 21, 2026.
- Wealthsimple: Wealthsimple credit card annual fee waiver terms, checked October 21, 2026.
- Wealthsimple: Wealthsimple Visa Infinite+ card page, checked October 21, 2026.
- Wealthsimple: Wealthsimple Visa Infinite Privilege card page, checked October 21, 2026.
- ATB Financial: ATB Mastercard Summary of Rates, Fees and Disclosures (correct as of July 29, 2026), checked October 21, 2026.
- Meridian Credit Union: Meridian Disclosure Statement for Personal Cards (valid as of October 9, 2022), checked October 21, 2026.
- Meridian Credit Union: Meridian Visa Cash Back Card page, checked October 21, 2026.
This is general information about each card’s published terms, not financial advice. Approval, credit limits, interest rates and final terms are up to each issuer: read its information box before you apply.
Approved for publication by Matt Woodley on October 21, 2026. Content updated October 27, 2026. Figures are checked automatically against a saved copy of each issuer’s terms. How we check every figure