Compare the Best Credit Cards in Canada

Find the perfect card for your lifestyle with Insurdinary
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Our Top Picks and Featured
Credit Cards for 2022

Learn all about our recommended credit cards, what makes them stand out, and how to get the best rates below.

Scotiabank

Scotiabank offers a wide range of credit card options to suit your needs. From low-interest rates to no annual fee to travel to their cash-back rewards program, Scotiabank offers all of the features a savvy Canadian needs. While some of the high-rewards cards require income minimums to qualify, Scotiabank offers student cards and other products for any income level.

Scotia Momentum No-Fee Visa Card

Interest Rates
19.99% (P) / 22.99% (CA)
Annual Fee
$0.00
Min. Income
$12,000
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Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) plus get 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0) (Offer ends April 30, 2023)
$500 minimum credit limit

Scotia Momentum Mastercard Credit Card

Interest Rates
20.99% (P) / 22.99% (CA)
Annual Fee
$0.00
Min. Income
$12,000
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0.5%-1% cash back on all eligible spending
$500 minimum credit limit

Scotiabank American Express Card

Interest Rates
19.99% (P) / 22.99% (CA)
Annual Fee
$0.00
Min. Income
$12,000
Show more details
Best no-fee low interest credit card
$1,000 minimum credit limit
Earn 3x Scene+ points for each dollar charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op
Earn up to 12,000 bonus Scene+™ points in your first year (that’s up to $120 towards travel) (Offer ends April 30, 2023)

Scotiabank Scene Visa Card

Interest Rates
19.99% (P) / 22.99% (CA)
Annual Fee
$0.00
Min. Income
$12,000
Show more details
Best Credit Card for Students also for Newcomers to Canada 2022 (NerdWallet)
Best Entertainment Credit Card for Students 2022 (Ratehub)
Earn 2x Scene+ points for each dollar charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry, Co-Op, Cineplex™ theatre and cineplex.com
Earn 10,000 bonus Scene+™ points within your first year (Offer ends April 30, 2023)
$500 min. credit limit

Scotiabank Value Visa* Card

Interest Rates
20.99% (P) / 22.99% (CA)
Annual Fee
$29.00
Min. Income
$12,000
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Best Balance Transfer Credit Card 2022 (NerdWallet & GreedyRates)
0% introductory interest rate on cash advances for the first 6 months (12.99% after that; annual fee $29) plus no annual fee for the first year (Offer ends April 30, 2023)
Save up to hundreds of dollars a year on interest

Scotia Momentum Visa Card

Interest Rates
19.99% (P) / 22.99% (CA)
Annual Fee
$39.00
Min. Income
$12,000
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1%-2% cash back on all eligible spending
$500 minimum credit limit
Get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that) (Offer ends January 3, 2023)

Scotiabank Gold American Express Card

Interest Rates
20.99% (P) / 22.99% (CA)
Annual Fee
$120.00
Min. Income
$12,000
Show more details
Best for Bonus Rewards and No ForEx fees Card 2022 (NerdWallet)
Best Travel Credit Card for Accelerated Rewards 2022 (GreedyRates)
Earn 6x Scene+™ points for each $1 CAD charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op
Earn up to $850 in value in the first 12 months, including up to 45,000 bonus Scene+™ points and first year annual fee waived (Offer ends April 30, 2023)

Scotia Momentum Visa Infinite Card

Interest Rates
20.99% (P) / 22.99% (CA)
Annual Fee
$120.00
Min. Income
$60,000
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Best Credit Card for Cash Back Bonus Rewards 2022 (NerdWallet & GreedyRates)
Best used for groceries and bills
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases) and no annual fee in the first year, including on supplementary cards (Offer ends April 30, 2023)
4% cash back on all grocery, bills & subscription fees, 2% on daily transit & 1% on everything else

Scotiabank Passport Visa Infinite Card

Interest Rates
20.99% (P) / 22.99% (CA)
Annual Fee
$150.00
Min. Income
$60,000
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Best Travel Credit Card for Everyday Spending 2022 (Our Pick)
Best Travel Credit Card for Big Sign-Up Bonus 2022 (GreedyRates)
Best No Foreign Exchange Fees Card 2022 (GreedyRates)
Best for lounge access
$5,000 minimum credit limit
Earn 3x Scene+™ points for each dollar charged to your account on all eligible purchases at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op
Earn up to $1300 in value in the first 12 months, including up to 40,000 bonus Scene+™ points and first year annual fee waived (Offer ends April 30, 2023)

Scotiabank Platinum American Express Card

Interest Rates
9.99% (P) / 9.99% (CA)
Annual Fee
$399.00
Min. Income
TBD
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Best Low-Interest Credit Card 2022 (NerdWallet)
Earn up to $2,250 in value in your first 14 months, including up to 70,000 bonus Scene+ points (Offer ends January 3, 2023)
Earn 2x Scene+™ points for every $1 you spend on all your eligible purchases
The only major bank that saves you 2.5% on foreign transaction fees
No foreign transaction fees
$10,000 minimum credit limit

L'earn Visa Card

Interest Rates
19.99% (P) / 22.99% (CA)
Annual Fee
$0.00
Min. Income
$12,000
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Get up to a 1% Moneyback reward
Accelerated Moneyback rewards for students
No credit history needed
$500 minimum credit limit
20% savings when booking with Avis worldwide

Neo

Experience why the Neo Card and Neo Secured card have been voted the best cashback cards in Canada. With over 7000 partnered retailers across the country, earning you an average of 5% cashback, this card is perfect for both big box and local shopping enthusiasts.

Neo Card

Interest Rates
19.99%-26.99% (P) / 22.99%-28.99% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
$25 cashback2 when you sign up for a Neo Card
Earn an average of 5% cashback3 from thousands of local and national Neo partners
No annual or monthly fees and no minimum balance required
Sign up in 3 minutes and start using your digital card instantly while you wait for your physical card to arrive
Purchase rate of 19.99%-25.24% and a cash advance rate of 21.99%-25.24% for Quebec residents

Secured Neo Card

Interest Rates
19.99%-26.99% (P) / 19.99%-26.99% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
$25 cashback2 when you sign up for a Neo Secured Card
Earn an average of 5% cashback3 from thousands of local and national Neo partners
No annual or monthly fees
Fund your card in as little as 30 minutes with only $50
Purchase rate of 19.99%-25.24% and a cash advance rate of 21.99%-25.24% for Quebec residents

Tangerine

Tangerine Bank offers just one credit card, but it’s a unique one. It offers 2% cash back on a variety of categories, including dining, fuel, lodging, pharmacy, and recurring bill payments. Unlike many cash back cards, there is no limit to how much cash back you can earn.

Tangerine also offers a tool to help you track your spending. It analyses purchase categories and helps you see where you’re spending your money and where you could be saving.

Tangerine Money-Back Credit Card

Interest Rates
19.95% (P) / 19.95% (CA)
Annual Fee
$0.00
Min. Income
$12,000
Show more details
Best No-Fee Cash Back Credit Card 2022 (GreedyRates)
Best Balance Transfer Credit Card 2022 (GreedyRates)
Money-Back Rewards are unlimited and paid monthly
Earn 2% Money-Back Rewards on your everyday purchases in up to three eligible categories of your choice and 0.5% Money-Back Rewards on all your other everyday purchases

KOHO

Experience the best account for credit building and cashback opportunities with KOHO. This prepaid Mastercard®, along with its very user-friendly app is fast becoming Canada's favourite spending, budgeting and saving credit card, which also acts like a bank account.

KOHO has partnered with People's Trust, a federally regulated bank to hold the money you load onto the card and is eligible for CDIC insurance.

KOHO Premium Prepaid Mastercard

Interest Rates
0% (P) / 0% (CA)
Annual Fee
$84.00
Min. Income
N/A
Show more details
Free budgeting tools, automatic billing, e-transfer, and direct deposit are available
Sign up within 5 mins and get instant approval - a virtual card will be issued and ready to use right away
No minimum deposit, no credit check, and no annual interest rates
30-day free trial, $9/month or $84/year subscription fee
$0 credit card surcharge fee, foreign exchange fee, ATM fee, or e-Transfer fee
2% instant cash back on Groceries + Bills/Service + Food/Drinks, 0.5% on all other categories - up to 6% extra cash back with partnered merchants
Earn 2% interest with the entire account balance with no minimum deposit required

KOHO Prepaid Mastercard

Interest Rates
0% (P) / 0% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
Sign up within 5 mins and get instant approval - a virtual card will be issued and ready to use right away
No credit card surcharge fee, no monthly fee, no minimum deposit, no credit check, and no annual interest rates.
Up to 5% instant cashback rewards on gas, groceries, travel and so much more
Earn interest with the entire account balance with no minimum deposit required
Optional credit building plan available with a low monthly subscription fee
Free budgeting tools, automatic billing, e-transfer, and direct deposit are available

National Bank

National Bank offers a wide range of credit card options to suit your needs. From low-interest rates to no annual fee to travel to their cash-back rewards program, National Bank offers all of the features a savvy Canadian needs. While some of the high-rewards cards require income minimums to qualify, Scotiabank offers student cards and other products for any income level.

Platinum Mastercard

Interest Rates
20.99% (P) / 22.49% (CA)
Annual Fee
$70.00
Min. Income
N/A
Show more details
Earn up to 2 points per $1 spent on eligible purchases
Travel insurance for up to 10 days outside your province of residence, including trip cancellation and travel interruption insurance

MC1 Mastercard

Interest Rates
20.99% (P) / 22.49% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
Access funds anywhere in the world
Protect yourself against unauthorized purchases with the MasterCard® Zero Liability program
$500 min. credit limit

mycredit Mastercard

Interest Rates
20.99% (P) / 22.49% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
1% cashback on restaurant transactions and recurring automatic transfers
0.5% cashback on all other eligible purchases
Your new mobile devices, purchased with your card, or phone subscriptions paid for with your card or by automatic transfers from your mycredit account are protected against theft or damages for a period of up to 2 years

Syncro Mastercard

Interest Rates
Prime + 4% (P) / Prime + 8% (CA)
Annual Fee
$35.00
Min. Income
N/A
Show more details
Low interest rates (minimum 9.95% on purchases and 13.95% on cash advances)
Purchase protection in case of theft or damage
Extended warranty

Allure Mastercard

Interest Rates
20.99% (P) / 22.49% (CA)
Annual Fee
$0.00
Min. Income
N/A
Show more details
Earn 1 point for every $2 spent
Receive $10 cashback for each 1,000 points earned
Purchase protection in case of theft or damage
Extended warranty
Allows you to contribute to the Quebec Breast Cancer Foundation

What to Know Before
Choosing a Credit Card

Make sure you know what you’re looking at when you compare credit cards in Canada so there are no surprises. Knowing the fees and processes associated with each card is crucial to making the right choice.
Insurdinary's Credit Card Design image
Here are some tips to get you started!

Interest Rate

Your interest rate varies by card. This interest is charged on the carried balance, and can usually be avoided if you pay the balance in full before the end of the grace period. Interest is often higher on cash advances, compared to card purchases.

Fees

Many cards carry an annual fee. There may also be fees for late payments or one time fees for cash advances. Cash advance fees are in addition to the interest rate charged for the advance.

Sign Up Process

Sign up and approval processes vary by card. Some are extensive, with credit rating, assets, and income are all being considered for approval. Other cards have lower requirements and simple approval processes.

Your Credit Score

Be careful not to apply for too many cards at one time, or for cards that are likely to be denied. Too many inquiries from lenders in a short period can negatively impact your credit rating.

Whether You Are Pre-Approved

You may have received notices about pre-approval for credit cards in the past. Pre-approval is an estimate, since the company has not yet received permission to pull your credit information.

Looking for the BestCredit Card in Canada?

Choosing the right credit card can make a huge difference in the fees and interest you pay and the rewards you earn. It can also be a challenge to find the best card for your financial situation and current credit rating.

While credit card companies often showcase the best features on their websites, you’ll have to spend tons of time reading over the small print to find the rest of the details. This can make it very difficult to compare one card to another.

Fortunately, Insurdinary.ca makes comparing credit cards easy. Insurdinary lets you compare the details of each card, side by side, so you save time and make an informed decision.
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Credit Cards
Frequently Asked Questions (FAQ)

You may have some common questions regarding comparing credit cards in Canada. Hopefully, our answers will make your decision a bit easier.

How can I redeem card rewards points?

One of the biggest differences between rewards cards is the way you can redeem your points. Some can be redeemed as a statement credit toward your balance, while others can be redeemed for airmiles, hotel points, gift cards, or other perks. Some can even be transferred to other rewards programs, like frequent flier or hotel VIP clubs.

Can a credit card help me improve my credit score?

Used responsibly, credit cards can help build your credit. Available credit is a factor in your credit score, and opening a new card can increase that number. Percentage of credit used is another factor, so keeping your balance low will also benefit your credit rating.

Are there cards specifically for those with low or no credit?

Those with little credit history or negative history can use a credit card to help build credit. The most likely cards in this case would be secured or guaranteed cards, since they use your deposit to support your line of credit.

What’s the best way to avoid fees and negative impacts on credit?

Timely payments are the most important factor in avoiding fees and credit damage. Set up automated payments to ensure you never miss a due date. To minimize or eliminate interest, set your auto payment before the end of the grace period each month and set it to cover your balance, not just the minimum due.
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