Past Winners: Best Credit Cards in Canada
Best Credit Cards in Canada Winners 2022
RATESDOTCA’S Best Credit Cards in Canada Award analyzes the top credit cards in Canada every year, using the Best of Finance methodology to find the best credit cards for you.
Here are our top credit card category winners for 2022.
| Category | 2022 Winner |
| Best Overall Rewards Credit Card | American Express Cobalt®Credit Card |
Best No-Fee Cash Back Card | Tangerine World Mastercard® |
Best No-Fee Travel Card | MBNA Rewards Platinum Plus® Mastercard® |
Best Overall Travel Card | CIBC Aventura® Visa Infinite* Card |
Best Overall Cash Back Card | BMO Cash Back World Elite* Mastercard* |
Best Low Interest Card | MBNA True Line Gold Mastercard |
Best Balance Transfer Card | CIBC Select Visa* Card |
Best Card for Building Credit | No Fee Home Trust Secured Visa* Card |
Best Card for Young Professionals | American Express Cobalt® Credit Card
|
Best Card for Students | BMO CashBack® Mastercard®* for Students |
Best Card for Earning Travel Points | American Express Cobalt® Credit Card
|
Best No FX Fees Card for Long Stay Travellers | Scotiabank®*?Gold American Express®?Card |
Best Family Card for Gas and Groceries | President’s Choice Financial®?World Elite Mastercard® |
Best Card for Staying at Home and Ordering In | Scotiabank®*?Gold American Express®?Card |
Best No-Frills Cash Back Card | Simply Cash Card from American Express |
Best Overall Mastercard | MBNA Rewards Elite® Mastercard® |
Best Overall Visa Card | CIBC Aventura® Visa Infinite* Card
|
Best Credit Cards in Canada 2021
Here are our top credit card category winners for 2021.
Category | Winner |
Best Overall Rewards Credit Card | American Express Cobalt™?Credit Card |
Best No-Fee Cash Back Credit Card | BMO CashBack®?Mastercard®* |
Best No-Fee Travel Credit Card | MBNA Rewards Platinum Plus®?Mastercard® |
Best Overall Travel Credit Card | CIBC Aventura®?Visa Infinite™ Card |
Best Overall Cash Back Credit Card | Scotia Momentum®?Visa Infinite* Card |
Best Low Interest Credit Card | True Line®?Gold Mastercard®?Credit Card |
Best Balance Transfer Credit Card | CIBC Select Visa*?Card |
Best Secured Credit Card for Building Credit | No Fee Home Trust Secured Visa* Card |
Best Credit Card for Young Professionals | American Express Cobalt™?Credit Card |
Best Student Credit Card | BMO CashBack®?Mastercard®* for Students |
Best Credit Card for Earning Travel Points | American Express Cobalt™?Credit Card |
Best Credit Card with No Foreign Transaction Fees for Long Stay Travellers | Scotiabank®*?Gold American Express®?Card |
Best Family Credit Card for Gas and Groceries | President’s Choice Financial®?World Elite Mastercard® |
Best Credit Card for Staying at Home and Ordering In | Scotiabank®*?Gold American Express®?Card |
Best No-Frills Cash Back Credit Card | SimplyCash™ Card from American Express |
Best Credit Cards in Canada Winners 2020
Here are our top credit card category winners for 2020.
Category | Winner |
Best Rewards Credit Card | American Express Cobalt™ Card |
Best No Fee Credit Card | MBNA Rewards Platinum Plus® Mastercard® |
Best Cash Back Credit Card | TD Cash Back Visa Infinite* Card |
Best Travel Credit Card | Scotiabank Gold American Express® Card |
Best Premium Perks Credit Card | The Platinum Card® from American Express |
Best Credit Card for Families | President’s Choice Financial® World Elite Mastercard® |
Best Credit Card for Frequent Flyers | Scotiabank Passport™ Visa Infinite* Card |
Best Credit Card for Paying Down Your Balance | HSBC +Rewards™ Mastercard® |
Best Credit Card for Rebuilding Your Credit | Home Trust Secured Visa* |
Best Credit Card for Young Professionals | American Express Cobalt™ Card |
Best Credit Card for Students | BMO® CashBack® Mastercard®* for Students |
Best Credit for Snowbirds or Cross-border Shoppers | Scotiabank Gold American Express® Card |
Best Credit Card for Newcomers to Canada | BMO® CashBack® Mastercard®* |
*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.