July 28, 2022

Sarah Jones

The best credit cards for Canadians

When it comes to your finances, it’s important to make the best decisions for you and your family. That’s why choosing the best credit card is so important. Not all credit cards are created equal, so it’s important to do your research and find the one that’s right for you. If you’re looking for the best credit cards in Canada, you’ve come to the right place. In this article, we’ll compare the best credit cards Canada offers and help you choose the right one for your needs. Keep reading to learn more.

Rewards Credit Cards for the Travelers

There is no doubt that Canadian rewards credit cards are among the best in the world for travelers. With so many excellent options to choose from, it can be hard to know which card is the best for you. Here are some of the top cards for travelers: The Scotiabank Passport Visa Infinite card is one of the best options for travelers. It offers a sign-up bonus of 30,000 points after you spend $1,000 in the first three months, and you can earn 2 Scotia Rewards points for every $1 you spend on eligible purchases. You also get a free first checked bag and priority boarding on Air Canada flights, as well as a Priority Pass membership with six free visits per year.

The BMO World Elite Mastercard is also a great option for travelers. It offers a sign-up bonus of 35,000 points after you spend $3,000 in the first three months, and you can earn 3 BMO Rewards points for every $1 you spend on eligible purchases. You also get a free first checked bag and priority boarding on Air Canada flights, as well as a Priority Pass membership with six free visits per year.

The RBC Visa Infinite Avion card is another great option for travelers. It offers a sign-up bonus of 15,000 points after you spend $1,000 in the first three months, and you can earn 1.5 RBC Rewards points for every $1 you spend on eligible purchases. You also get a free first checked bag and priority boarding on Air Canada flights, as well as a Priority Pass membership with six free visits per year.

Cash Back Credit Cards for the Splurgers

There is no definitive answer when it comes to the best Canadian cash-back credit card for splurgers. This is because everyone’s spending habits vary, and what may be the best card for one person may not be the best for another. However, there are a few cards that stand out as being especially rewarding for those who like to spend money.

The Scotia Momentum Visa Infinite card, for example, offers 4% cash back on gas and grocery purchases, and 2% cash back on all other purchases. This card also comes with a host of other perks, such as travel insurance and a $100 annual travel credit. Another great option is the MBNA World Elite Mastercard. This card offers 2% cash back on all purchases, with no limits on how much you can earn. It also comes with a host of other benefits, such as travel insurance and a concierge service. If you’re looking for a card that offers a high cash-back rate on a specific type of purchase, the TD Cash Back Visa card may be a good option. This card offers 3% cash back on grocery and restaurant purchases, and 1% cash back on all other purchases.

Balance Transfer Credit Cards for the Savers

There are a few things to consider when looking for the best Canadian balance transfer credit card. The first is the interest rate. Many of the best cards have rates as low as 0%. This can save you a lot of money in interest payments over time. The second thing to look for is a card with a long balance transfer period. This is the amount of time you have to pay off your transferred balance without being charged interest. A typical period is 12 or 18 months, but some cards offer 24 or even 36 months. This gives you plenty of time to pay off your debt without worrying about interest charges. Finally, you should look for a card that has no annual fee. This will save you money in the long run. Some of the best Canadian balance transfer credit cards include the MBNA True Line Mastercard, the Scotiabank Momentum Visa Infinite, and the CIBC Aventura Visa Card.

Overall, the best credit cards for Canadians are those that offer benefits and rewards. These cards can offer a variety of benefits, such as cash back, travel rewards, and points. By choosing the right card, Canadians can save money and earn rewards on their everyday purchases.