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CashSurgeCashSurge increases the value of credit cards by introducing an additional cash bonus. We’ll pay you up to $150 every time you are approved for a CashSurge credit card.
Get a $100 Cash Bonus
You could get a 0% promotional annual interest rate ("AIR")† for 12 months on balance transfers✪ completed within 90 days of account opening, with a 3% transfer fee.
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Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
Get up to 60,000 points worth $400 in travel rewards, a $50 anniversary lifestyle credit and the $120 annual fee waived in your first year – that's a $570 value achieved by your first anniversary.
Get 20,000 points when you spend $1,500 in the first 3 months - that's a $133 value!* Plus, earn up to 5,000 bonus points every year.
Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
$60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service.
Earn 5% cash back for your first 3 months (up to $2,500 in spending). Plus, get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
Settling in a new country can be an exciting, but challenging experience. Canada has some of the most lucrative credit card offers for newcomers to the country, who may be on the lookout for deals to save the last dollar. What’s better than finding the right credit card that helps you save while meeting all your needs? Here's our pick for the best credit card for newcomers to Canada in 2025.
| Top Features | Annual Fee | First-Year Value* | ||
|---|---|---|---|---|
|
Winner: |
No annual fee. A generous 5% cash back in the first 3 months. | $0 | $388 | |
|
Runner up: |
20,000 PC Optimum™ points after your first purchase (worth $20). 25 PC Optimum™ points earned for every $1 spent at Shoppers Drugmart and 10 points spent everywhere else. | $0 | $320 | |
|
Runner up: |
5x the BMO Rewards points for every $2 spent on groceries, dining and takeout, and recurring bills. Annual bonus points for responsible credit use. | $0 | $431 |
The BMO CashBack® Mastercard® is the best newcomer card because of a generous welcome offer — 5% cash back in your first 3 months. Newcomers can also get a 0.99% introductory interest rate on balance transfers for 9 months, 2% fee applies to balance amounts transferred. Users also get 3% cash back on grocery purchases, 1% on recurring bill payments, and 0.5% unlimited cash back on all other purchases! There is zero annual fee and newcomers can enjoy the most cash back on groceries in Canada without paying an annual fee. As per our Best of Finance methodology, newcomers get a $388 first-year value.
Annual fee:
$0
Limited time offer:
Offer expiry date: N/A
Rewards:
For instance, if you spend $1000 on the card in the first month, you are eligible to get:
The PC® Mastercard® is a great choice for people who regularly shop at Loblaws-affiliated stores, including Shoppers Drug Mart, Joe Fresh, and Esso/Mobil gas stations. With this card, you’ll earn points that never expire, giving you flexibility to use them whenever you’re ready. You can redeem your points for groceries, items at Joe Fresh, fuel at eligible gas stations, or for products on Shoppers Drug Mart’s online Beauty Boutique, which often has a wider selection of products than in stores. Cardholders also receive special weekly offers, making it easy to maximize the points you earn and get even more value from your everyday spending.
Annual fee:
$0
Special offer:
Enjoy 20,000 PC Optimum™ points on your first purchase with the card (value of $20).
Offer valid until:
Ongoing offer
Rewards:
PC Optimum™ points:
The BMO eclipse rise Visa Card* is a credit card that rewards you not only for spending but also for being financially responsible. You can earn points on fun stuff like dining out and ordering food delivery, but which you then can then use to pay off your credit card bill. The card also offers bonus points if you pay your statement on time every month for a full year. Plus, when you use the card to fill up your tank at Shell gas stations, you’ll save seven cents per litre, another way the card introduces saving into your everyday spending.
Spend $1,500 within the first three months of getting the BMO eclipse rise Visa, and you’ll earn 20,000 BMO Rewards points as a welcome bonus. If you have a balance on another credit card, you can transfer it and pay only 0.99% interest for the first nine months, with a 2% transfer fee, helping you tackle your debt at a lower cost. This offer is only available to first-time holders of the BMO eclipse rise Visa.
The card is relatively easy to qualify for—you just need a fair credit score (660+), be a Canadian citizen or permanent resident, and not have declared bankruptcy in the last seven years.
On top of that, the card offers an installment plan every two years. You can break down a big purchase (up to $1,000) and pay it off over 12 months, making it easier to manage your finances. It’s a card designed to help you build a solid financial foundation in Canada.
Annual fee:
$0
Limited time offer:
Offer valid until:
Ongoing offer
Rewards:
5x the BMO Rewards points for every $2 spent on:
1 BMO Reward for every $2 spent on:
Earn a bonus of up to 5,000 points per year:
Get help with surprise expenses:
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