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Nominees for the 2017 Best of Finance Awards
Rates.ca's Best of Finance awards recognizes the best credit cards and banking products in the Canadian personal finance industry.
From mortgages to credit cards to loans and lines of credit – there are hundreds of banking products on the market, and choosing just one can be overwhelming.
At Rates.ca, we strive to help every Canadian consumer find the credit card, bank account or investment product that best fits their lifestyle and budget. The Best of Finance Awards annually recognizes some of the top products in the personal finance industry, and helps you – the consumer – ultimately find your best match.
In selecting the top nominees for each category, we examined dozens of products and took various factors into consideration, such as points, miles, interest rates, balance transfer rates and annual fees. We then converted all figures into cash to see which products put the most money in your wallet. Each category contains two to three nominees, all of which we found performed exceptionally well for the Canadian consumer.
In addition to the products we highly regard, this year, we wanted to give our consumers a say in which credit cards best perform for them. For the first time, the Best of Finance Awards will feature a “Fan Favourite” award. From now until Oct. 19, 2017, you can vote for your favourite Canadian credit card. And as a thank you, each voter will be entered into a draw to win one (1) of two (2) $100 Amazon.ca gift cards. Each entrant is also eligible to receive an additional entry by telling us why they love that specific card. Is it the features? The travel perks? Or maybe your experience with the card issuer? Let us know for an extra chance to win. a Rafflecopter giveaway
The winners of the Amazon.ca gift cards will be drawn on Oct. 23, 2017.
We are also acknowledging innovation and creativity in the “FinTech” field with another new award – the “Best Rewards App.” The award is designed to recognize mobile applications that work with the sole purpose of rewarding users with savings, coupons, points, cash back, gift cards, etc. for completing certain tasks.
And now, we present the full list of categories and nominees in alphabetical order. The winners will be announced on Oct. 23, 2017.
Credit cards
Best Rewards Card
- American Express CobaltTMCredit Card
- MBNA Rewards World Elite® MasterCard®
- Scotia Momentum® Visa Infinite
Best Rewards Card with No Fee
- RBC® Cash Back MasterCard
- SimplyCash™ Card from American Express
- Tangerine Money-Back Credit Card
Best Card for Carrying a Balance
- Desjardins Gold Modulo Visa
- MBNA TrueLine® MasterCard®
- National Bank Syncro MasterCard®
Best Card for Balance Transfers
- MBNA Platinum Plus® MasterCard®
- President’s Choice Financial® MasterCard®
- Scotiabank Value® VISA* card
Best Card for Building Credit
- Capital One® Guaranteed (& Guaranteed Secured) MasterCard®
- Home Trust Secured Visa Card
- National Bank MC1™ MasterCard®
Best Card for Students
- BMO SPC® CashBack® MasterCard® (DISCONTINUED)
- Scotiabank SCENE® VISA Card
- StudentAwards MBNA Rewards MasterCard® credit card
Best Card with Travel Perks
- American Express® AeroplanPlus® Platinum Card
- CIBC Aventura® Visa Infinite
- Scotiabank®* Gold American Express®Card
Best Card for Groceries
- American Express CobaltTMCredit Card
- Capital One® Platinum MasterCard® (for Costco members)
- President’s Choice Financial® MasterCard®
Best Gas Rewards Card with No Fee
- Canadian Tire Gas Advantage MasterCard
- National Bank Ultramar MasterCard
- Shell AIR MILES®† MasterCard®* from BMO
Banking products
Best Savings Account
- Alterna Bank High Interest eSavings Account
- EQ Bank Savings Plus Account
- Oaken Savings Account
Best Chequings Account
- President’s Choice Financial® No Fee Bank Account
- Scotiabank Momentum Chequing Account
- Tangerine No Fee Daily Chequing Account
Best Non-Cashable GIC
- B2B Trust
- Motive Financial
- Oaken Financial
Best Cashable GIC
- BMO
- Great-West Life
- ICICI Bank Canada
Best Tax-Free Savings Accounts
- Implicitly Financial
- Motive Financial
- Peoples Trust
Applications
Best Rewards App
- Carrot
- Checkout51
- Drop
- Zweet
Rates.ca,
The Rates.ca editorial team are experienced writers focused on sharing stories and bringing you the latest news in insurance and personal finance. Our goal is to provide Canadians with the information and resources they need to make better insurance and financial decisions.
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