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Compare the Best Credit Cards in Canada

Find the perfect card for your lifestyle with Insurdinary
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Learn all about our recommended credit cards, what makes them stand out, and how to get the best rates below.

Our Top Picks and Featured
Credit Cards for 2023

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 ImageAPPLY NOW

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 ImageAPPLY NOW

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 Mastercard Creditcard HorizontalAPPLY NOW

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 MastercardAPPLY NOW

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 MastercardAPPLY NOW

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.
National Bank Platinum MastercardAPPLY NOW

Platinum Mastercard

Interest Rates
20.99% (P) / 22.49% (CA)
Annual Fee
$70.00
Min. Income
N/A
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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
National Bank MC1 MastercardAPPLY NOW

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
National Bank mycredit MastercardAPPLY NOW

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
National Bank Syncro MastercardAPPLY NOW

Syncro Mastercard

Interest Rates
Prime + 4% (P) / Prime + 8% (CA)
Annual Fee
$35.00
Min. Income
N/A
Show more details
Low interest rates (10.7% on purchases and 14.7% on cash advances and balance transfers)
Purchase protection in case of theft or damage
Extended warranty
National Bank Allure MastercardAPPLY NOW

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.
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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.

Compare More Credit Cards

Still didn’t find the right card for you? Click here for the complete credit card selection in Canada.

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