Best of Finance Winners: The Best Credit Cards for 2022

Best Credit Cards in Canada 2023

Each year we carefully compare each card by converting miles and points into cash value to fairly assess each card's ranking. Our team dives into the fine print, considering all interest rates, welcome bonuses, annual fees, rebates and waivers. Apart from a few unique circumstances, the credit cards with the highest first-year value rank at the top of each category.

Starting a new year is all about setting positive resolutions and re-evaluating our habits.

Oftentimes, our financial habits stay the same even as our priorities shift. For 2022, why not resolve to find out whether a different credit card could help you achieve your financial goals sooner?

It is important to consider whether your existing credit cards are providing enough overall value. If your cards’ rewards programs don’t align with your current priorities, it may be worth adding a new one to your arsenal.

Every year, RATESDOTCA evaluates the leading credit cards in Canada to find the products that offer the best value based on spending habits. Our goal is to provide consumers with all the tools necessary to choose the right card for their lifestyle.

The Best of Finance Awards showcase industry-leading credit card rewards programs with the country’s top perks, benefits, and insurance coverage. Using the Best of Finance methodology, we analyze over a hundred credit cards to determine our comprehensive list of winners.

We carefully compare the nominees by converting miles and points into cash value to assess each card’s ranking fairly. Our team dives into the fine print, considering all interest rates, welcome bonuses, annual fees, rebates, and waivers.

Apart from a few unique circumstances, the credit cards with the highest first-year value rank at the top of each category.

Without further ado, here are the 2022 Best of Finance winners:

The Best of Finance Winners for 2022

Click any of the categories below to snap to that section

  Winner First year value* Credit score required  
American Express Cobalt™ Credit Card $1,361 Fair
Tangerine World Mastercard® $459 Fair
MBNA Rewards Platinum Plus® Mastercard® $503 Good
CIBC Aventura® Visa Infinite* Card $1,525 Excellent
BMO CashBack World Elite* Mastercard* $745 Excellent
MBNA True Line® Gold Mastercard® $181 Good
CIBC Select Visa* Card $353 Good
No Fee Home Trust Secured Visa* Card $0 NA
American Express Cobalt™ Credit Card $1,361 Fair
BMO CashBack® Mastercard®* for Students $364 Good
American Express Cobalt™ Credit Card $1,361 Fair
Scotiabank®* Gold American Express® Card $1,024 Good
President’s Choice Financial® World Elite Mastercard® $476 Fair
Scotiabank®* Gold American Express® Card $1,024 Good
SimplyCash™ Card from American Express $468 Good
MBNA Rewards Elite® Mastercard® $924 Good
CIBC Aventura® Visa Infinite™ Card $1,525 Excellent

*The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.

Best Overall Rewards Credit Card

Rewards credit cards continue to adapt to our ever-changing lifestyles, offering added flexibility and new redemption options. With a rewards card, you can rack up rewards quickly and redeem them for almost anything, with travel rewards consistently providing the best value for your points. When selecting our top picks, we also considered travel insurance and other perks, but it was ultimately the value of rewards or cash back that determined the ranking.

Winner – American Express CobaltTM Credit Card

Best Overall Rewards Credit Card for the third year in a row!

The American Express CobaltTM Credit Card has a monthly fee of $12.99, which is cheaper than most streaming services. Plus, if used correctly, this card can help you save money on discretionary purchases (a new 15-step skincare routine or a feast catered by Uber Eats, for example). This credit card stands above the others in this category, offering one of the highest rewards value of any card we have come across, especially regarding ongoing annual rewards. Earn five points for every $1 spent on eligible restaurant and food delivery purchases, three points for every $1 spent on eligible streaming subscriptions, two points for every $1 spent on eligible travel and transit and one point for every $1 spent anywhere else. This card also features travel insurance, mobile device insurance and exclusive offers.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
American Express Cobalt® Credit Card

card image
Welcome bonus
$362
AMEX Rewards points
Annual rewards
$1155
AMEX Rewards points
Annual fees:
$156
Interest rates:
20.99% on purchases • 21.99% on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details
Welcome bonus
$362
Annual rewards
$1155
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
Annual fees:
$156
Interest rates:
20.99% on purchases
21.99 on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details

Best No-Fee Cash Back Credit Card

Many no-fee credit cards offer hundreds of dollars in savings and additional benefits like shopping coverage, discounts and exclusive perks. A no-fee card can be beneficial as either a primary credit card or a secondary card that you use on a particular spending category to complement another card that has an annual fee. Our top picks have the most cash back rewards coupled with no annual fees.

Winner — Tangerine World Mastercard®

The Tangerine World Mastercard® is a no-fee cash back card that offers you the rare ability to customize accelerated earning categories to maximize your rewards. You can earn 2% cash back in up to three “Money-Back Categories” of your choice, with great options including groceries, gas, parking, and more. The Tangerine World Mastercard® is the clear winner because of the rewards flexibility and the rich welcome bonus it gives cardholders.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$100
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$409
Tangerine World Mastercard®

card image
Welcome bonus
$100
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fees:
$0
Interest rates:
19.95% on purchases • 19.95% on cash advances
2024 Winner – Best No-Fee Cash Back Credit Card
Flexible no-fee card with ability to choose what categories earns you the most cash back
Details at a glance Collapse details
Welcome bonus
$100
Annual rewards
$309
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$100
+ Annual rewards
$309
- Annual fee
$0
Total first year value
$409
Annual fees:
$0
Interest rates:
19.95% on purchases
19.95 on cash advances
2024 Winner – Best No-Fee Cash Back Credit Card
Flexible no-fee card with ability to choose what categories earns you the most cash back
Details at a glance Collapse details

Best No-Fee Travel Credit Card

The top travel rewards programs are not exclusive to cards that charge annual fees. While it may take a little longer to accumulate enough rewards for a flight or vacation package, no-fee cards still provide value. Many no-fee travel cards also come with several travel perks and insurance — not a bad card to have handy if your primary card does not offer these benefits.

Winner — MBNA Rewards Platinum Plus® Mastercard®

The MBNA Rewards Platinum Plus® Mastercard® is a top no-fee reward earner for points and redemption options include travel or statement credits. Cardholders earn two points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases, up to a $10,000 annual cap in each category. Earn one point for every $1 spent on all other eligible purchases. This card also features perks like mobile device insurance and additional support in the form of shopping coverage and car rental discounts.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Cash bonus
$100
+ Welcome bonus
$205
+ Annual rewards
$340
- Annual fee
$0
Total first year value
$645
MBNA Rewards Platinum Plus® Mastercard®

card image
Welcome bonus
$205
MBNA Rewards points
Annual rewards
$340
MBNA Rewards points
Annual fees:
$0
Interest rates:
19.99% on purchases • 24.99% on cash advances
Get a $100 Cash Bonus from RATESDOTCA (Offer ends March 29, 2024)
2024 Winner - Best No-Fee Travel Credit Card
Details at a glance Collapse details
Welcome bonus
$205
Annual rewards
$340
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Cash bonus
$100
+ Welcome bonus
$205
+ Annual rewards
$340
- Annual fee
$0
Total first year value
$645
Annual fees:
$0
Interest rates:
19.99% on purchases
24.99 on cash advances
Get a $100 Cash Bonus from RATESDOTCA (Offer ends March 29, 2024)
2024 Winner - Best No-Fee Travel Credit Card
Details at a glance Collapse details

Best Overall Travel Credit Card

The best travel rewards credit cards offer insurance coverage for peace of mind while out of the province or country. Our top picks have powerful rewards for travel redemption and include additional perks to make planning trips easy and airport visits more luxurious. Cardholders can access airport lounges worldwide, free Wi-Fi hotspots and exclusive offers.

Winner CIBC Aventura® Visa InfiniteTM Card

Best Overall Travel Credit Card for the second year in a row!

The CIBC Aventura® Visa InfiniteTM Card helps cardholders breeze through airport security with a NEXUS application fee rebate every four years when they enroll in the service. This feature is only available on a select number of travel cards. On top of a strong, flexible rewards structure, cardholders also get a complimentary Priority Pass Membership and four free airport lounge visits annually. According to our Best of Finance methodology, you can earn up to $1,536 in rewards value during the first year of using this card. The high rewards value and the generous welcome bonus makes this card our clear winner.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$850
+ Annual rewards
$675
- Annual fee (First Year Rebated)
$0
Total first year value
$1525
CIBC Aventura® Visa Infinite*

card image
Welcome bonus
$850
CIBC Aventura Rewards points
Annual rewards
$675
CIBC Aventura Rewards points
Annual fees:
$139 (First Year Rebated)
Interest rates:
20.99% on purchases • 22.99% on cash advances
This offer is not available for residents of Quebec.
2024 Winner – Best Overall Travel Credit Card and Best Overall Visa Credit Card
Earn points on all purchases and redeem on travel or statement credits
Details at a glance Collapse details
Welcome bonus
$850
Annual rewards
$675
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$850
+ Annual rewards
$675
- Annual fee (First Year Rebated)
$0
Total first year value
$1525
Annual fees:
$139 (First Year Rebated)
Interest rates:
20.99% on purchases
22.99 on cash advances
This offer is not available for residents of Quebec.
2024 Winner – Best Overall Travel Credit Card and Best Overall Visa Credit Card
Earn points on all purchases and redeem on travel or statement credits
Details at a glance Collapse details

Best Overall Cash Back Credit Card

The best cash back cards are transparent about their earn rates — what you see is what you get. Cardholders for our top picks don’t have to decipher their reward balance; they earn a percentage of each purchase to be applied for as a statement credit or deposited directly into an associated savings account.

Winner — BMO CashBack World Elite* Mastercard*

The BMO CashBack World Elite* Mastercard* offers you a whopping 5% cash back on food and essential purchases, along with 3% cash back on gas and 4% cash back on transit purchases. Best of all, you can earn 1% cash back on all other purchases with no cap at all and 2% cash back on all recurring bill payments. Your annual fee is also waived for the first year.

According to our Best of Finance methodology, you can earn $745 in rewards annually with the BMO CashBack World Elite* Mastercard*. This card also includes travel benefits such as airport lounge access provided by LoungeKey, an unusual feature for a cash back card. The year-over-year annual rewards combined with the added benefits, makes the BMO CashBack World Elite* Mastercard* our top pick.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Cash bonus
$50
+ Welcome bonus
$150
+ Annual rewards
$594
- Annual fee (First Year Waived)
$0
Total first year value
$794
BMO CashBack World Elite* Mastercard*

card image
Welcome bonus
$150
BMO Cash Back Rewards
Annual rewards
$594
BMO Cash Back Rewards
Annual fees:
$120 (First Year Waived)
Interest rates:
20.99% on purchases • 23.99% on cash advances
[[gift]]Get a $50 CashSurge from RATESDOTCA
Generous cash back rewards in a number of key categories
Details at a glance Collapse details
Welcome bonus
$150
Annual rewards
$594
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Cash bonus
$50
+ Welcome bonus
$150
+ Annual rewards
$594
- Annual fee (First Year Waived)
$0
Total first year value
$794
Annual fees:
$120 (First Year Waived)
Interest rates:
20.99% on purchases
23.99 on cash advances
[[gift]]Get a $50 CashSurge from RATESDOTCA
Generous cash back rewards in a number of key categories
Details at a glance Collapse details

Best Low Interest Credit Card

If you carry a balance month-over-month, a low interest credit card can ensure you pay less interest than a standard credit card with a 19.99% interest rate and make payments more manageable. We don’t recommend using a low interest card to borrow money every month. However, this type of card can be helpful to pay off your balance or if you tend to miss a payment here or there. A low interest credit card can give you peace of mind, knowing you are paying far less interest than a standard credit card.

Winner — True Line® Gold Mastercard® credit card

The True Line® Gold Mastercard® credit card has a standard annual interest rate of 8.99% on balance transfers and purchases. That is less than half the rate of a standard rewards credit card, allowing you to quickly pay down your credit card balance.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$220
- Annual fee
$39
Total first year value
$181
MBNA True Line® Gold Mastercard®

card image
Welcome bonus
$0
None
Annual savings
$220
None
Annual fees:
$39
Interest rates:
8.99% on purchases • 24.99% on cash advances
Low annual fee card with some of the lowest interest rates found on purchases
includes complimentary shopping insurance
Details at a glance Collapse details
Welcome bonus
$0
Annual savings
$0
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$220
- Annual fee
$39
Total first year value
$181
Annual fees:
$39
Interest rates:
8.99% on purchases
24.99 on cash advances
Low annual fee card with some of the lowest interest rates found on purchases
includes complimentary shopping insurance
Details at a glance Collapse details

Best Balance Transfer Credit Card

Switching to a low interest balance transfer credit card can help people pay off their debt faster as they work toward being debt-free. An excellent introductory balance transfer promotion can boost those efforts, assisting cardholders in accelerating their payments and paying less interest. We focused on the balance transfer interest rate and the length of the balance transfer offer to choose our winner for this category.

Winner — CIBC Select Visa* Card

The CIBC Select Visa* Card offers cardholders a 0% introductory interest rate on balance transfers for up to 10 months with a 1% balance transfer fee. This promotion is the best rate on the market. The annual fee is also waived for the first year.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$0
- Annual fee (First Year Rebated)
$0
Total first year value
$0
CIBC Select Visa*

card image
Welcome bonus
$0
None
Annual rewards
$0
None
Annual fees:
$29 (First Year Rebated)
Interest rates:
13.99% on purchases • 13.99% on cash advances
One of best introductory interest rates on balance transfers out there
Enjoy low interest rate and opportunities to save on gas purchases
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$0
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual rewards
$0
- Annual fee (First Year Rebated)
$0
Total first year value
$0
Annual fees:
$29 (First Year Rebated)
Interest rates:
13.99% on purchases
13.99 on cash advances
One of best introductory interest rates on balance transfers out there
Enjoy low interest rate and opportunities to save on gas purchases
Details at a glance Collapse details

Best Secured Credit Card For Building Credit

A secured credit card can help those who find it challenging to get approved for credit. This type of card is secured with a deposit, set by the cardholder, ranging from around $200 to upwards of $10,000. As the cardholder keeps up with payments, their credit score should improve.

Winner — No Fee Home Trust Secured Visa* Card

The No Fee Home Trust Secured Visa* Card offers cardholders the opportunity to build or rebuild their credit for no annual fee and a minimum-security deposit of $500. Members can pay bills online and use the card anywhere Visa is accepted.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$400
- Annual fee
$0
Total first year value
$400
No Fee Home Trust Secured Visa Card

card image
Welcome bonus
$0
None
Annual savings
$400
None
Annual fees:
$0
Interest rates:
19.99% on purchases • 19.99% on cash advances
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Includes purchase protection insurance
Details at a glance Collapse details
Welcome bonus
$0
Annual savings
$0
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$0
+ Annual savings
$400
- Annual fee
$0
Total first year value
$400
Annual fees:
$0
Interest rates:
19.99% on purchases
19.99 on cash advances
Great stater card for students, newcomers to Canada, or those looking to repair their credit score
Includes purchase protection insurance
Details at a glance Collapse details

Best Credit Card For Young Professionals

Our top picks in this category are tailored to ambitious individuals who need a credit card that rewards them for their busy lifestyles, which meant comparing rewards earned for dining, entertainment and transportation purchases. These cards also feature offers for everyday savings and exclusive experiences.

Winner — American Express CobaltTM Credit Card

Best Credit Card for Young Professionals for the third year in a row!

The American Express CobaltTM Credit Card features American Express® Experiences for front-of-the-line presale tickets, special offers and in-demand events. On top of that, the rewards on this card are second to none, focusing on eating out, nights in the town and frequent city travel. Cardholders get five points for every $1 spent on food and drinks. Earn three points for every $1 spent on eligible streaming subscriptions. Get two points for every $1 spent on eligible transit purchases, including taxis and rideshare services, and one point for every $1 spent on all other purchases.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
American Express Cobalt® Credit Card

card image
Welcome bonus
$362
AMEX Rewards points
Annual rewards
$1155
AMEX Rewards points
Annual fees:
$156
Interest rates:
20.99% on purchases • 21.99% on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details
Welcome bonus
$362
Annual rewards
$1155
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
Annual fees:
$156
Interest rates:
20.99% on purchases
21.99 on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details

Best Student Credit Card

The right student credit card can support young scholars’ financial independence and set them up for success post-graduation. Students can earn cash back or points for making everyday purchases and have more money in their pockets.

Winner — BMO CashBack® Mastercard®* for students

Best Student Credit Card for the third year in a row!

The BMO CashBack® Mastercard®* for Students offers cash back for day-to-day essentials like groceries, recurring bill payments and school supplies. The reward structure is straightforward: earn a percentage of each purchase back, which is ideal for new credit users. By taking advantage of the promotional cash back rate that comes with the welcome bonus, students can easily kickstart their savings.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$76
+ Annual rewards
$288
- Annual fee
$0
Total first year value
$364
BMO CashBack® Mastercard®* for students

card image
Welcome bonus
$76
BMO Cash Back Rewards
Annual rewards
$288
BMO Cash Back Rewards
Annual fees:
$0
Interest rates:
20.99% on purchases • 22.99% on cash advances
No annual fee card that offering an attractive sign-up bonus
Students can enjoy rental car discounts and shopping insurance
Details at a glance Collapse details
Welcome bonus
$76
Annual rewards
$288
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$76
+ Annual rewards
$288
- Annual fee
$0
Total first year value
$364
Annual fees:
$0
Interest rates:
20.99% on purchases
22.99 on cash advances
No annual fee card that offering an attractive sign-up bonus
Students can enjoy rental car discounts and shopping insurance
Details at a glance Collapse details

Best Credit Card For Earning Travel Points

Our top picks for this category focus on the highest reward earn rates for popular rewards programs like Aeroplan, AIR MILES and American Express Membership Rewards®. These programs offer more flexibility than ever before regarding point redemption. Cardholders can cash in their rewards for travel and vacation packages as well as gift cards, merchandise and, in some cases, cash rewards.

Winner — American Express CobaltTM Credit Card

Best Credit Card for Earning Travel Points for the second year in a row!

This winner should come as no surprise after also winning our award for the top rewards card. The American Express CobaltTM Credit Card rewards cardholders at an extraordinary rate for everyday purchases and offers an almost unlimited array of redemption options. Plus, this card features shopping, mobile device and travel insurance coverages.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
American Express Cobalt® Credit Card

card image
Welcome bonus
$362
AMEX Rewards points
Annual rewards
$1155
AMEX Rewards points
Annual fees:
$156
Interest rates:
20.99% on purchases • 21.99% on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details
Welcome bonus
$362
Annual rewards
$1155
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$362
+ Annual rewards
$1155
- Annual fee
$156
Total first year value
$1361
Annual fees:
$156
Interest rates:
20.99% on purchases
21.99 on cash advances
2024 Winner – Best Overall Rewards Credit Card, Best Credit Card for Young Professionals, and Best Credit Card for Earning Travel Points and Best American Express Credit Card.
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details

Best Credit Card With No foreign Transaction Fees for Long Stay Travellers

If you are a snowbird or spend a considerable time out of the country for work or play, your credit card can be a great tool to simplify travel. Credit cards that offer no foreign transaction fees can save cardholders around 2% to 3% on foreign currency purchases made abroad and online. The exchange rate still applies, but you can skip trips to pesky foreign banks or currency exchange booths.

Winner — Scotiabank®* Gold American Express® Card

Best Credit Card with No Foreign Transaction Fees for Long Stay Travellers for the second year in a row!

The Scotiabank®* Gold American Express® Card has a lot to offer travellers. Get the Best Price Guarantee on airfare through the Scene+ Travel Service, access a comprehensive list of travel insurance coverage and pay no foreign transaction fees. This card also features excellent earn rates on flexible rewards points that can be used for travel purchases or converted into cash back. Best of all, you don’t pay any foreign transaction fees on any purchases made in foreign currency in person and online. Just another way the Scotiabank®* Gold American Express® Card helps you save money effortlessly.

The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$400
+ Annual rewards
$744
- Annual fee
$120
Total first year value
$1024
Scotiabank®* Gold American Express® Card

card image
Welcome bonus
$400
Scotia Scene+ Points
Annual rewards
$744
Scotia Scene+ Points
Annual fees:
$120
Interest rates:
20.99% on purchases • 22.99% on cash advances
2024 Winner – Best No Foreign Transaction Fees Credit Card for Long Stay Travellers and Best Credit Card for Subscriptions
Earn valuable rewards points on a wide variety of categories that you can redeem for travel, cash back and more
Details at a glance Collapse details
Welcome bonus
$400
Annual rewards
$744
The estimated dollar amount of benefits you’ll accumulate based on your monthly spending and rewards preference
+ Welcome bonus
$400
+ Annual rewards
$744
- Annual fee
$120
Total first year value
$1024
Annual fees:
$120
Interest rates:
20.99% on purchases
22.99 on cash advances
2024 Winner – Best No Foreign Transaction Fees Credit Card for Long Stay Travellers and Best Credit Card for Subscriptions
Earn valuable rewards points on a wide variety of categories that you can redeem for travel, cash back and more
Details at a glance Collapse details

Best Family Credit Card for Gas and Groceries

Running a household is a lot of work, especially during a pandemic. Families are always rushing to get important work and errands done while saving money on day-to-day essentials. This category focuses on the credit cards that have the best rewards structure for gas and grocery purchases.

Winner — President’s Choice Financial® World Elite Mastercard®

Best Family Credit Card for Gas and Groceries for the second year in a row!

The President’s Choice Financial® World Elite Mastercard® allows cardholders from the same household to combine points, meaning families can earn and redeem rewards together. Earn points for groceries, gas and drugstore purchases, and cash them in once you’ve earned 1,000 points for a $10 value. You can earn and redeem PC Optimum points on eligible purchases made at stores such as Loblaws, Shoppers and Esso.

Plus, if you are already a PC Optimum member, you can leave the loyalty card at home and use your credit card to earn points instead. Get even more rewards with personalized offers through the PC Optimum app.