Best for
Low Rate
![Scotiabank Value Visa Card image](https://www.finder.com/niche-builder/5bd67b8466b2b.jpg)
Best for
Low Rate
Best for
Rewards
Best for
No Annual Fee
Best for
Balance Transfer
Looking for the best credit card in Canada? The reality is that the “best” will depend on your spending habits and your finances – including your credit score and income. But you can find the right credit card for your needs by identifying the features you want, your spending habits and your financial history. To help you find the best credit card, we’ve narrowed down a few of our top picks below.
Best credit card for low interest rate:
Scotiabank Value Visa Card
Min. credit score
Annual fee
N/A
Welcome offer
Annual Fee
$0 intro annual fee for the first year ($29 thereafter)
Purchase APR
12.99%
Cash Advance Rate
12.99%
Balance transfer APR
0% intro for the first 6 months (then 12.99% )
Welcome offer
Get a 0% introductory interest rate on balance transfers for the first 6 months. Plus, pay no annual fee in the first year. Apply by October 31, 2024.
Rewards
Get an on-going low interest rate of 12.99% on eligible purchases.
Best credit card for entertainment:
Scotiabank SCENE+ Visa Card
Min. credit score
Annual fee
Points
Points welcome offer
Annual Fee
$0
Purchase APR
20.99%
Cash Advance Rate
22.99%
Balance transfer APR
22.99%
Welcome offer
Earn up to 5,000 Scene+ points in the first 3 months. Apply by October 31, 2024.
Rewards
Earn 2 Scene+ points on every $1 you spend at Cineplex theatres, cineplex.com, Home Hardware and participating grocery stores like Sobeys, Safeway, FreshCo and Foodland & Participating Co-ops. Earn 1 Scene+ point per $1 spent on all other eligible purchases.
Best credit card for no annual fee:
Tangerine World Mastercard
Min. credit score
Annual fee
1.95% intro transfer APR
Cash back
Annual fee
$0
Purchase APR
19.95%
Balance transfer APR
1.95% intro for the first 6 months (then 19.95% )
Balance transfer fee
$5 or 3% of the transaction, whichever is greater
Rewards
Earn unlimited 2% cash back in two Tangerine credit card categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and unlimited 0.5% cash back on everything else. Conditions apply.
Best credit card for earning rewards:
Scotiabank Gold American Express Card
Min. credit score
Annual fee
Points
Points welcome offer
Annual Fee
$0 intro annual fee for the first year ($120 thereafter)
Purchase APR
20.99%
Cash Advance Rate
22.99%
Balance transfer APR
22.99%
Welcome offer
Earn up to 45,000 bonus Scene+ points and get the first annual fee waived (that's up to $950 towards travel). Apply by October 31, 2024. To qualify for the 40,000 bonus Scene+ points offer, earn 25,000 bonus Scene+ points by making at least $1,000 in purchases in your first 3 months. Plus, earn a 20,000 Scene+ point bonus when you spend at least $7,500 in purchases in your first year.
Rewards
Earn 6 Scene+ points for every $1 you spend in Canada at Sobeys, Safeway, FreshCo, Foodland and more, 5 Scene+ points per $1 spent on eligible grocery, dining and entertainment purchases, 3 Scene+ points per $1 spent on eligible gas, transportation and select streaming services, and 1 Scene+ point per $1 spent on eligible purchases elsewhere.
Best travel credit card:
American Express Cobalt Card
Min. credit score
Annual fee
Membership Rewards
Welcome offer
Annual Fee
$155.88
Purchase APR
21.99%
Cash Advance Rate
21.99%
Balance transfer APR
N/A
Welcome offer
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
Rewards
Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery (spend cap applies), 3x the points on eligible streaming subscriptions in Canada, 2x points on eligible ride shares, transit & gas in Canada, 1 additional point on eligible hotel and car rental bookings via American Express Travel Online, and 1x point for every $1 in purchases everywhere else.
To help you find the best credit card for you, there are a few factors to consider when you compare credit cards and your various options.
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