Every year, RATESDOTCA carefully analyzes the Canadian credit card and banking industry and awards the best products at its Best of Finance Awards.
There will come various points in every person’s life when they’ll be required to make a financial choice. But when there are hundreds of banking products on the market, applying for a mortgage, a line of credit, a loan or even a credit card can be overwhelming. What features should you look for? Which product will help you save or earn more?
At RATESDOTCA, we strive to help every Canadian consumer find the credit card, bank account or investment product that best fits their lifestyle and budget. That's why we annually recognize some of the top products in the personal finance industry at our Best of Finance Awards, helping you – the consumer – ultimately find your best match.
In selecting the top nominees in 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 three to four nominees, all of which we found performed exceptionally well for the Canadian consumer.
While we choose our top contenders of the year, once again, we wanted to give our shoppers a say in which credit cards best perform for them. So from now until Oct. 10, 2018, go to the RATESDOTCA Facebook page and tell us which Canadian credit card you believe deserves the #RSMFanFavourite award. As a thank you, each voter will be entered into a draw to win one (1) of two (2) $100 Amazon.ca gift cards. The winners of the Amazon.ca gift cards will also be chosen on Oct. 10, 2018.
2018-2019 Best of Finance Awards Nominees
And now, we present the 2018-2019 Best of Finance nominees in alphabetical order.
Credit Card Categories
Best Rewards Credit Card
- Meridian™ Visa Infinite* Cash Back Card
- President’s Choice Financial® World Elite Mastercard®
- Scotia Momentum® Visa Infinite* Card
- Scotiabank®* Gold American Express® Card
Best Rewards Credit Card with No Annual Fee
- MBNA Rewards Platinum Plus® Mastercard®
- President’s Choice Financial® World Mastercard®
- Tangerine Money-Back Credit Card
Best Credit Card for Carrying a Balance
Best Credit Card for Balance Transfers
Best Credit Card for Building Credit
- Capital One® Guaranteed (& Guaranteed Secured) Mastercard®
- Home Trust Secured Visa Card
- National Bank MC1™ Mastercard®
Best Credit Card for Students
Best Credit Card with Travel Perks
- American Express CobaltTM Credit Card
- Scotiabank®* Gold American Express® Card
- Scotiabank Passport® Visa Infinite* Card
Best Credit Card for Groceries
- American Express CobaltTM Credit Card
- Capital One® MasterCard® (for Costco members)
- President’s Choice Financial® Mastercard®
Best Credit Card for Gas Rewards
- National Bank Ultramar™ Mastercard®
- Scotia Momentum® Visa Infinite* Card **
- Shell CashBack Mastercard® from BMO
- Triangle™ Mastercard®
Best Store Credit Card
- Capital One® MasterCard® (for Costco members)
- President’s Choice Financial® World Elite Mastercard®
- Triangle™ World Elite Mastercard®
Banking Product Categories
Best Savings Account
- Alterna Bank High Interest eSavings Account
- EQ Bank Savings Plus Account
- Meridian Credit Union
Best Chequings Account
Best GIC
The winners in each category will be announced on Oct. 25, 2018. ** The Scotia Momentum® Visa Infinite* Card was a late addition to the list of nominees for the Best Credit Card for Gas Rewards award, affective October 12, 2018.
