Ever year at RATESDOTCA, we provide a list of the best credit cards in Canada after a rigorous comparison process. We analyze more than 100 credit cards, Canada’s top rewards programs, perks and benefits to bring you our Best of Finance Award winners.
We put our nominees to the test by comparing interest rates, welcome bonuses, annual fees, rebates and waivers within lifestyle-specific categories — so you don’t have to.
Here are the leading nominees for 2022’s Best of Finance Awards:
Rewards credit cards offer many redemption options to suit any lifestyle.
No-fee credit cards have no annual fees and offer savings and additional benefits like shopping coverage, discounts, and exclusive perks.
No-fee travel cards provide excellent value and allow you to redeem rewards for flights or vacation packages — and many come with travel insurance.
Top travel credit cards offer insurance coverage and travel perks, such as international airport lounge access and free Wi-Fi hotspots worldwide.
Cash back credit cardholders earn cash with every purchase. Depending on the card, deposit cash directly into your bank account or apply it as a statement credit.
Low interest credit cards allow you to pay less interest on your balance and make missing a payment less expensive.
Low interest balance transfer credit cards can help you pay off debt quicker by accruing less interest on your balance.
A secured credit card generally requires a deposit; however, this type of card has high approval rates, allowing cardholders to improve their credit score with every payment.
Young working professionals need a credit card that can offer rewards for dining, entertainment and transportation purchases.
These credit cards allow students to earn cash back or points on everyday purchases.
Earn travel points with these cards that offer redemption flexibility and high reward rates for programs like Aeroplan, AIR MILES, and American Express Membership Rewards®.
Credit cards with no foreign transaction fees can save snowbirds and frequent international travellers time and money.
These credit cards are best for those looking for the highest reward rates for gas and grocery purchases.
This category offers rewards for food delivery, takeout, and subscription purchases.
No-fee, flat-rate rewards credit cards offer excellent cash back rates on all purchases, no matter the spending category.
These top-ranking Mastercard credit cards are among our favourites in Canada.
Visa credit cards are one of the most widely accepted payment networks worldwide. Find a Visa credit card that fits your lifestyle.
The winners of the 2022 Best of Finance Awards will be announced in early February. Stay tuned.
Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated brand’s website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, January 24, 2022. Read our full disclaimer.