Best Credit Cards for Hotel in Canada

Best Credit Cards in Canada for 2024

The best credit cards in Canada don’t necessarily have the highest sign-up bonus or reward potential. Instead, they’re ones that allow you to get the most value out of your spending while avoiding pitfalls such as high annual fees, foreign exchange rates, and other hidden charges.

The credit card market is extremely fragmented, with a dizzying array of different products from numerous competing banks and lenders. The good news is that this means there are many different options to choose from when it comes to finding the perfect one for your individual needs.

The trick is knowing which features are essential to you and which might not be worth sacrificing for higher welcome rates or loyalty points. Keep reading to learn more about our top picks for the best credit cards Canada offers in 2025 and how they stack up against their competitors.

Best Credit Cards in Canada For Businesses

The world of business credit cards in Canada is ever-evolving. New ones are released, benefits change, and reward structures alter almost daily. Plus, starting and running a business costs money. As such, it makes sense to look into getting the best credit card for businesses to help offset some of these expenses. 

These products provide you with a measure of financial security in case something unexpected happens and can also help you get points or rewards that lead to savings down the road. With so many different options out there, though, which are the best credit cards for businesses?

Business Platinum Card® from American Express

The American Express Business Platinum Card is a reward account that can come in handy for small business owners with high expenses. With Business Platinum, you’ll get many useful perks and benefits that will help you manage your company’s finances. Suppose you’re a frequent traveler and spend a lot on business-related expenses. 

In that case, a premium credit card can help you get more value out of your spending without sacrificing your own financial well-being. Business Platinum from American Express is a premium product with an impressive array of benefits, such as a premium business travel experience with accelerated access to over 1,200 airport lounges globally. 

• Annual Fee: $695

• Interest Rates: 16.49%-24.49% variable APR

• Pros: Automatic elite status, transfer partners, the welcome bonus of 120,000 points

• Cons: Requires good/excellent credit, a high annual fee

American Express® Business Gold Rewards Card

American Express business card holders are eligible for several exclusive benefits. These include special Membership Rewards® redemption opportunities, personal concierge services, gift cards, and complimentary subscriptions to business-focused digital media. Each AmEx business product has its own perks and rewards. 

If you’re searching for a way to get more out of your frequent spending on business expenses, consider the American Express® Business Gold Rewards Card. You can use it to pay for office expenses, supplies, or services related to your business. There will also be an annual fee linked to it. However, it has several advantages over a standard bank credit card – especially if you run a limited company.

• Annual Fee: $295

• Interest Rates: 16.49%-24.49% variable APR

• Pros: 70,000 reward points after you spend $10,000 on eligible purchases, 60,000 welcome points

• Cons: No lounge benefits, high APR for overdue payments

American Express® Aeroplan®* Business Reserve Card

American Express’s Aeroplan Business Reserve is an excellent choice for business owners who want to ensure their travel expenses are covered in an emergency. It also offers some premium perks: access to more than 1,200 Priority Pass airport lounges around the globe, Aeroplan points that you can redeem in various ways, and so much more. 

You’ll also score double miles on all eligible purchases made directly with airlines or through American Express Travel. This one could be a good fit for you if you can meet the spending thresholds and don’t mind not receiving rewards for your everyday expenses.

• Annual Fee: $599

• Interest Rates: 16.99%- 21.99% variable APR

• Pros: Excellent rates on eligible Air Canada travel purchases, hotel bookings and rental car, 110,000 welcome points

• Cons: High annual fee, high APR for overdue payments

Marriott Bonvoy™ Business American Express® Card

If you travel a lot for business, the Marriott Bonvoy™ Business American Express® could be a fantastic option for you. As one of the most popular hotel chains in the world, Marriott offers a variety of properties in different locations — and now their guests can earn rates and rewards for staying at them too! 

It comes with many perks that will appeal to business owners or professionals: The annual fee isn’t as high as some of the others on offer. In addition, there are bonus points on purchases and bonus points on staying at any Marriott location. The account holder also receives a priority Marriott Bonvoy Gold Elite Status and 4x points per $1 at gas stations, restaurants, and phone companies. 

• Annual Fee: $125

• Interest Rates: 17.99%-26.99% variable APR

• Pros: No overseas charges, 75,000 bonus points after spending $3,000 within 3 months

• Cons: No premium perks like lounge access, annual fee of $125

BMO AIR MILES®† Business® Mastercard®

Exceptionally low fees and an 800-mile sign-up bonus are what make this one of the best no-fee air miles products on the market. The BMO AIR MILES® Business program offers you and your small business the opportunity to earn exciting loyalty rewards. 

If you lead an organization, are part of a board of directors, or manage another team as part of your job, this could be a perfect fit for you. You’ll earn reward miles for every dollar spent on eligible purchases, allowing you to redeem those miles for travel and experiences with the AIR MILES program and over 200 other partner brands.

• Annual Fee: $0

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: Rental car discounts, no annual fee, fair – good credit score 

• Cons: No premium perks like lounge access

American Express® AIR MILES®* for Business Card

American Express and Air Miles have joined forces to offer a product that lets you get both an American Express and collect Air Miles rewards. If you’re currently using the AMEX Business Gold Rewards Card or have another AMEX business credit card, it might be time to switch over to the new AIR MILES for business.

The combined benefits of these two products will help you save money on everyday purchases to get more out of your business spending without the annual fee. There are lots of opportunities to earn AIR MILES. But those seeking comprehensive insurance coverage or cash back should choose something else.

• Annual Fee: $0

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: No late payment fee, 150 AIR MILES bonus after spending $1,000 in 90 days

• Cons: Over credit fee, foreign fee charges 

Best Credit Cards in Canada With No Foreign Transaction Fees

It’s not uncommon for credit card users to rack up spending on their plastic when traveling abroad. The expenses can add up quickly, whether it’s purchasing souvenirs, booking hotels, or eating meals at restaurants. However, if you plan on traveling abroad soon, it is important to remember that many companies charge a fee for transactions made in foreign currencies. 

If you don’t plan ahead, these extra fees can add up over time. Fortunately, there are several products available in Canada that don’t charge a foreign transaction fee. Here is a list of some of the best ones to help you avoid the dreaded overseas charges. 

HSBC World Elite® Mastercard®

The HSBC World Elite is one of the market’s top travel rewards offers. It’s especially useful for frequent travelers. It has several great perks that can save you money and time when traveling, making it a great product for frequent flyers and globe-trotters.

This luxury credit card has numerous benefits that make traveling easier, cheaper, and more enjoyable. Compared to most high-annual plastics, this one offers a wide range of travel benefits. However, to become a customer, you must already be an HSBC Premier Checking customer and meet strict eligibility requirements.

• Annual Fee: $395

• Interest Rates: 17.24%- 21.24% variable APR

• Pros: Unlimited points that don’t expire, extensive benefits and perks for traveling

• Cons: No intro APR offer, requires a qualifying HSBC Premier account

Scotiabank Gold American Express® Card

The Scotiabank Gold American Express® is a premium card with exceptional perks and bonuses. If you’re a frequent traveler who also loves to golf, this is the one for you. Golfers will get 2 points per dollar spent on golf greens, utilities, and services; 1 point per dollar spent on all other purchases. 

You’ll get these bonus points for the first year you have the card – after that, your points will be worth one point per dollar spent on everything. For those who travel abroad frequently, it shouldn’t be difficult to earn rewards points and save on foreign transaction fees, even with the annual fee of $120.

• Annual Fee: $120

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: No annual fee for the first year, can help build a credit history,  

• Cons: Not many cash back rewards, not suitable for debt consolidation, excellent credit score

Scotiabank Platinum American Express® Card

The Scotiabank Platinum American Express® is one of the most rewarding plastics on the market today. Scotiabank has partnered with American Express to introduce this premium plastic with a $399 annual fee. While that may seem like an up-front cost, you’ll quickly recoup those funds with added benefits and rewards. 

In fact, everything you get from this product stacks in your favor, including a welcome bonus of 25,000 points when you spend $1,000 in your first 3 months, an annual companion flight after your first year; exclusive membership perks at over 1,200 partner locations, and up to twice the points on gas, dining, and hotel stays as well as a 10% discount on cash back redemptions.

• Annual Fee: $399

• Interest Rates: 9.99% variable APR

• Pros: Can help build a credit history, mobile phone insurance, and lounge access 

• Cons: Not many cash back rewards, only travelers will benefit 

Scotiabank Passport™ Visa Infinite* Card

Scotiabank Passport™ Visa Infinite is a premium travel card with an insurance package that rivals that of most other top-end travel products. Along with its attractive welcome bonus and ongoing rewards, this also offers some impressive travel medical insurance benefits. These include trip cancellation, lost baggage, flight delay, secondary travel accidental coverage, plus more. 

To put it simply, the Passport™ Visa Infinite has insane travel insurance coverage. While most other premium products have third-party insurance partnerships for their travel benefits, the Scotiabank Passport™ Visa Infinite* has in-house coverage for all of its travel perks.

• Annual Fee: $139

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: Can help build a credit history, provides lounge access, easy travel booking

• Cons: Not many cash back rewards, only travelers will benefit 

Best Cashback Credit Cards in Canada

Cashback credit cards reward you for spending on specific things like groceries or gas. Cashback rewards can be up to 5% or more of your spending, depending on the lender. In other words, you get money back for spending as usual. It’s a win-win situation! 

They have become increasingly popular in Canada, thanks to increased competition among lenders and a growing market of cashback rewards users who are willing to leave the standard points system behind. Cashback is arguably simpler than coming up with creative ways to earn points that many will never use again (like flying unused airline miles). ‍

SimplyCash™ Preferred Card from American Express

The SimplyCash™ Preferred from American Express offers an impressive 5% cash back on purchases within three different spending categories. But there are other cash-back products that may be a better fit for your personal financial situation. If you manage your money responsibly, this option from American Express might be a good fit for you. 

It offers benefits that are tailored toward frugal consumers who pay their balances in full and on time every month. While the SimplyCash™ Preferred doesn’t have any flashy perks, it offers a high cash rewards rate (10%) on commonplace spending categories like groceries and gas.

• Annual Fee: $99 (increasing to $119.88 on 12th October 2022) 

• Interest Rates: 19.99%- 21.99% variable APR

• Pros: Up to $400 welcome offer, 2% cash back on other spending 

• Cons: Bonus rate is activated after spending $2000, Amex isn’t as widely accepted as others

Scotia Momentum® Visa Infinite* card

The Scotia Momentum® Visa Infinite is designed to be an everyday spending tool. But it gives users even more rewards if they love to travel and go on adventures. And with its unique features, it caters specifically to subscription services and cashback too. 

It offers 4% on gas, grocery stores, Netflix, and drugstores; 3% on gas and travel; and 1% on everything else. Coming from the Bank of Nova Scotia is one of Canada’s leading cashback products. It offers a generous and flexible rewards program and access to airport luxuries. 

Using Membership Rewards points or Momentum® Visa Infinite, you can book flights worldwide. With an annual fee of $120, this one provides plenty of value for frequent travelers looking for healthy cash-back rewards. 

• Annual Fee: $120

• Interest Rates: 20.99%- 22.99% variable APR

• Pros: First-year annual fee waived, extensive travel insurance, concierge service

• Cons: Low rewards if you don’t spend on everyday bills or groceries 

MBNA Smart Cash Platinum Plus® Mastercard®

The MBNA Smart Cash Platinum Plus® is a cash-back product that rewards you with additional points on gas, grocery, and drugstore purchases for the first six months of membership. Then, it provides 0% introductory APR on purchases and revolving credit for the first 21 months. 

A $200 statement credit is also available if you spend $1,000 in the first three months. During the first six months, you will earn 5% cash back on dining, groceries, and gas, followed by 2% after that, plus 0.5% on everything else.

• Annual Fee: $0

• Interest Rates: 19.99%- 24.99% variable APR

• Pros: Sign-up bonus of 5,000 points, no fees

• Cons: Annual caps on certain categories, lacking in benefits

Best Rewards Credit Cards in Canada

Keeping track of reward points from various credit cards, loyalty programs, and other incentives can be tedious. But these types of rewards are essential for frugal consumers who like to get more bang for their buck. 

Many lenders offer incentives and perks as part of their reward programs to entice new customers. These can come from cash back, points towards future purchases, or free things such as flights or hotels. The best rewards credit cards offer great perks and make it easy to track them all. 

So whether you’re looking for a general points card that doubles as your go-to everyday account or an upgrade from an older version with updated benefits, these top picks have something for everyone.

American Express® Green Card

American Express offers a variety of products with unique benefits and rewards programs. The company also partners with specific organizations to offer special branded credit cards for their members. The American Express Green is a special version of the company’s Gold Card that you can apply for if you meet certain eligibility requirements.

Rather than having a standard rewards program, the goal of this product is to encourage responsible spending while also promoting environmental-friendly practices (it’s made from 99% recycled plastic). It offers 1x points on all purchases, membership points with Amazon, travel, gift cards, plus other bonus features.

• Annual Fee: $0

• Interest Rates: 20.99%- 21.99% variable APR

• Pros: No foreign transaction fee, 10,000 points welcome bonus, high rewards rate on dining, travel, and gas

• Cons: No intro APR offer, no balance transfer option

MBNA Rewards Platinum Plus® Mastercard®

The lending market is very competitive, and it’s not uncommon for different companies to offer similar rewards and benefits. However, there are always subtle differences between competing products that can sway your decision one way or the other. The MBNA Rewards Platinum Plus® stands out from similar products because of its unique perks. 

With this no-fee program, you can redeem your points in various ways and reap the benefits of excellent travel rewards value. It’s a great option for people who don’t want to pay an annual fee or worry about meeting a minimum income requirement.

• Annual Fee: $0

• Interest Rates: 19.99%- 24.99% variable APR

• Pros: good selection of perks, 10,000 welcome points, $50 welcome bonus, 

• Cons: Mediocre earn rates, no travel insurance

Amazon.ca Rewards Mastercard®

The Amazon.ca Rewards is a reward card that gives you points for virtually every dollar you spend. Use it to buy groceries or anything else on Amazon.ca, and start earning 2.5% (5% for the first six months) back at Whole Foods Market in Canada and for foreign currency transactions. 

If you’re an avid online shopper and love deals, the Amazon.ca Rewards may be a great deal for you. You’ll receive 1% back on purchases as a rewards program member. Redeem those points for future benefits to save even more money! The Amazon.ca Rewards offers tremendous value, especially if you frequently shop online at Amazon.

• Annual Fee: $0

• Interest Rates: 19.99%- 22.99%variable APR

• Pros: $10 Amazon gift card at sign-up, travel insurance, no annual fee

• Cons: Only Prime members and frequent Amazon shoppers will benefit 

Scotiabank SCENE®* Visa* Card

Scotiabank SCENE® Visa members are in for double points when they see movies from August through October. That’s because it comes loaded with special perks during the annual SCENE Cinema Rewards program. It offers benefits related to popular culture and the arts, including free admission to various locations, special events, and more. 

If you are an avid art enthusiast or love attending concerts and plays and exploring new restaurants, this may be a good fit for you. With double points and special offers like free popcorn and reserved seating, the Scotiabank SCENE® Visa is one of the best movie-going cards out there.

• Annual Fee: $0

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: 7,500 points welcome offer, no annual fee, interest-free grace period on purchases

• Cons: Limited cash back rewards, no insurance, limited perks 

Tangerine Money-Back Mastercard

The Tangerine Money-Back offers a novel way to get value from your everyday spending. This is a great option for you if you spend between $2,000 and $3,000 on your account each year. It offers 5% cash back on your first $3,000 of eligible purchases each year and 1% thereafter. 

Those who prefer cash rewards over points or don’t qualify for premium cards with higher income requirements ($12,000) will enjoy this offer. Plus, it’s possible to select your own bonus categories so that you can maximize your rewards and personalize them to suit your spending habits. 

• Annual Fee: $0

• Interest Rates: 19.95% variable APR

• Pros: Unlimited monthly money-back rewards, fair credit welcome to apply, balance transfer  

• Cons: Not a good fit for shopping at wholesale stores, limited perks 

CIBC Costco® Mastercard®

The CIBC Costco® is a perfect companion for those who are enthusiastic about warehouse clubs. With this one, you can get excellent perks and preferential rates when shopping at your local Costco. Use it if you’re a member of the wholesale retailer and have been looking for a credit card to help accelerate your savings.

And if you’re not yet a member, the CIBC Costco has an added bonus: it comes with a one-year complimentary membership. So, if you’re not a member but want to take advantage of Costco’s benefits, simply use yours to sign up during the application process.

• Annual Fee: $0

• Interest Rates: 19.75% variable APR

• Pros: 3% cash back at restaurants and Costco gas, 2% cash back at other gas stations and at Costco.ca, 1% cash back on all other purchases, including at Costco 

• Cons: Limited perks, not ideal if you want to shop around 

Laurentian Bank Visa Infinite card

The Laurentian Bank Visa Infinite is a fantastic premium credit card that comes with several perks and benefits. It’s also one of the best products for those who enjoy traveling frequently and want to earn rewards for their spending. The only caveat: you must have excellent credit to qualify for this card. 

The Laurentian Bank Visa Infinite offers a welcome bonus of 5,000 points and an annual fee of $130. It has an impressive list of benefits, such as a generous return on your first Uber ride and 3x reward points on certain bills. What’s more, once you become a member, you will also receive exclusive offers from the Bank and additional membership privileges at hotels, resorts, and golf courses worldwide.

• Annual Fee: $130

• Interest Rates: 19.99%- 21.99% variable APR

• Pros: Travel insurance, generous points system 

• Cons: No welcome bonus, only available for residents of Ontario and Quebec

American Express Cobalt® Card

There’s a good reason why the American Express Cobalt is one of Canada’s most popular cards. With this one, you can earn incredible rewards on meals and groceries and use the points however you like. This monthly fee option rewards users with 5x points on restaurants, bars, and cafes, 3x on entertainment subscriptions, 2x on travel and gas, and 1x on all other purchases. 

It also has a few other nice perks, such as lounge access at airports, a free in-flight Wi-Fi account, an annual travel credit of $100 that can be used towards hotel amenities or upgrades, and access to special events at various locations across the country.

• Annual Fee: $12.99 monthly 

• Interest Rates: 20.99%- 21.99% variable APR

• Pros: Special offers throughout the year, pay for multiple things with points

• Cons: Amex isn’t as widely accepted as other lenders 

Scotiabank Gold American Express® Card

The Scotiabank Gold American Express is a premium card with many benefits. Customers receive many perks and privileges, including access to over 700 airports worldwide with their Priority Pass membership and luxurious hotel and spa partners for up to 20% off. 

It’s also the only product that comes with free admission to more than 25 museums across Canada and New York, along with priority access to their members-only events throughout the year. 

This is the perfect card if you love luxury, traveling frequently, and eating out at restaurants. To qualify, you must have an annual personal income of $60,000 or more, be a resident of Canada or have your primary residence in Canada.

• Annual Fee: $120

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: No annual fee for the first year, can help build a credit history,  

• Cons: Not many cash back rewards, not suitable for debt consolidation, excellent credit score

Best Credit Cards in Canada For Balance Transfers

There’s no doubt that getting a balance transfer is an excellent way to save money. After all, who wouldn’t want to pay less for the same amount of debt? A transfer of balances will do just that by shifting your high-interest debt from one account to another. However, not all retransfer cards are created equal. 

When shopping around for the best balance transfer cards, there are several factors you should consider before making your final decision. Reducing your debt by transferring your balance to a zero-interest option is a great way to save money on interest payments and get back on track with your finances.

Read on to learn about the best credit cards in Canada for transferring balances in different categories like lowest interest rates, rewards programs, introductory no-interest periods, and more.

CIBC Select Visa* Card

If you’re looking to transfer an existing balance or a new loan balance from another lender, the CIBC Select Visa is an excellent choice. It comes with a balance transfer promotion that makes transferring your balance even more cost-effective. 

If you qualify for this offer and meet the minimum spending requirement, you can enjoy 0% interest on your balance for up to 10 months. The CIBC Select Visa is a no-frills product with no annual fee. If you’re looking for an entry-level card to build your credit and establish financial habits, it’s worth considering. 

• Annual Fee: $0

• Interest Rates: 19.75% variable APR

• Pros: 3% cash back at restaurants and Costco gas, 2% cash back at other gas stations and Costco.ca, 1% cash back on all other purchases, including at Costco 

• Cons: Limited perks, not ideal if you want to shop around 

Tangerine Money-Back Card

The Tangerine Money-Back is a prime example of a transferable credit card. It offers an introductory interest rate of 1.95% for the first six months on balance transfers and then 19.95% on subsequent transfers and new purchases thereafter. 

It also comes with a cashback rewards program where you earn 1% back on everyday purchases, plus get another 1% back as a refund if the balance doesn’t drop to zero at the end of that month. If you’re thinking about transferring balances from other accounts, read on to see why the Tangerine Money-Back could be an ideal choice for you.

• Annual Fee: $0

• Interest Rates: 19.95% variable APR

• Pros: Unlimited monthly money-back rewards, fair credit welcome to apply 

• Cons: Not a good fit for shopping at wholesale stores, limited perks 

BMO AIR MILES®† MasterCard®

BMO AIR MILES® is a rewards credit card that also doubles as a balance transfer. As such, it’s ideal to consolidate your high-interest debt with another lender into one easy monthly payment. The BMO AIR MILES® also comes with an introductory 0.9% APR for nine months, which makes it a great option for anyone looking to pay off their balances quickly. 

MO AIR MILES® offers one of the most competitive account transfer promotions on the market. By transferring your balance to BMO AIR MILES®, you could save big on interest.

• Annual Fee: $0

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: Car rental discounts, no annual fee, fair – good credit score 

• Cons: No premium perks like lounge access

President’s Choice Financial® Mastercard®

President’s Choice Financial offers you the convenience of a credit card and a rewards program’s benefits. Most importantly, it has a balance transfer offer with introductory periods and zero interest for up to 18 months. This means you can save money on interest payments by transferring a balance from one account onto this one and paying it off sooner. 

You can use your PC Financial anywhere the logo appears and get cash from ATMs that display the same logo. Plus, using your PC Financial to pay for something will earn points that you can apply to future purchases. 

• Annual Fee: $0

• Interest Rates: 19.97%- 22.97% variable APR

• Pros: Family members can get cards and join the rewards system, interest-free grace period for new purchases

• Cons: After two missed minimum payments, the interest rate goes up to 25.97% for all purchases and 27.97% for cash advances, foreign transaction fees 

Best Travel Credit Cards in Canada

Thinking about taking a vacation this summer? If so, you’ll want to check out these travel credit cards in Canada. Not only do they come with some hefty sign-up bonuses, but they also offer fantastic ongoing rewards that can help save money on future vacations. 

These products come with many perks, such as rewards points on specific purchases, free checked bags when you fly with a certain airline, or an annual fee that is later refunded as a travel voucher. But which one is right for you? Read on to find out more.

American Express® Aeroplan® Reserve Card

The American Express® Aeroplan® Reserve is a premium product that gives you membership to the Aeroplan loyalty program. It also comes with an annual fee of $599, but there are several benefits and rewards that can make it worth your while ($1,921

first-year value). 

Get 65,000 Aeroplan points upon spending $6,000 in the first six months. You’ll get this additional bonus when you add an authorized user and make your first purchase as an account holder. Plus, as a new customer, you also get 25% more miles on your first supplementary spend of $1,500 or more within your first statement period.

• Annual Fee: $599

• Interest Rates: 19.99%- 21.99% variable APR

• Pros: 115,000 Aeroplan sign-up points, many perks, and benefits

• Cons: High annual fee, no travel insurance for over 65s

TD First Class Travel® Visa Infinite* Card

The TD First Class Travel® Visa Infinite* gives you privileged access to over 900 airline lounges worldwide. You also get several other travel perks, such as primary auto rental collision coverage and secondary extended auto rental collision coverage, primary roadside assistance, and secondary roadside assistance. 

Furthermore, it comes with up to $250 in travel credits annually (for lounge membership or TSA PreCheck™ fee reimbursement), automatic Platinum Priority Pass membership renewal, and up to $100 in hotel credit on your anniversary date every year (either an Extended Stay hotel voucher or a Choice hotel voucher). 

• Annual Fee: $120

• Interest Rates: 19.99%- 22.99% variable APR

• Pros: 143,200 sign-up points, many perks and benefits, points don’t expire 

• Cons: No lounge access, foreign transaction fees 

Marriott Bonvoy® American Express®* Card

If you love to travel, the Marriott Bonvoy American Express is an excellent choice of travel rewards credit card. Whether you’re looking for a simple way to accrue points towards future hotel stays or are interested in special perks on your next vacation, it has something for everyone.

You can earn Bonvoy points by purchasing at Marriott locations and other businesses that partner with the company. In addition to redeeming your rewards for free stays at hotels, you can also earn additional points for meeting certain monthly spending targets. These perks make it an attractive choice for frequent travelers who are looking for a simple way to accumulate rewards.

• Annual Fee: $125

• Interest Rates: 17.99%-26.99% variable APR

• Pros: No foreign transaction fee, 75,000 points after spending $3,000 within 3 months

• Cons: No premium perks like lounge access, annual fee of $125

TD® Aeroplan® Visa* Infinite Privilege* Card

The TD Aeroplan Visa Infinite Privilege is a premium travel product that lets you earn more points faster. If you love to travel, it gives you access to perks and privileges that put you in the fast lane. 

As a Visa Infinite Privilege member, you’ll have priority check-in at airports, front-of-the-line access to special events and concerts, and other benefits that make traveling even more enjoyable. It also includes great standard benefits like roadside assistance services and lost luggage reimbursement — great for peace of mind when traveling.

• Annual Fee: $599

• Interest Rates: 19.99% -22.99% variable APR

• Pros: 20,000 welcome Aeroplan points, best for extreme travelers, comprehensive travel insurance 

• Cons: High annual fee, excellent credit score needed

CIBC Aventura® Visa Infinite Privilege* Card

The CIBC Aventura® Visa Infinite Privilege* gives you more rewards and more privileges when traveling. In addition to the standard benefits of the CIBC Aventura®, such as an annual bonus of 10,000 points (equivalent to $200) if you spend $2500 on card purchases in the first 3 months). 

This premium card gives you access to lounges at airports worldwide, travel assistance services, and other exclusive perks, including 6 complimentary lounge visits, points for groceries, gas, entertainment, dining, and many more. 

• Annual Fee: $499

• Interest Rates: 21.99% variable APR

• Pros: Access to business class flights, comprehensive insurance benefits, mobile device insurance

• Cons: High annual fee, excellent credit score needed

Best Low-Rate Credit Cards in Canada

New customers may face high entry barriers due to stringent eligibility criteria, personal risk assessment, and expensive processing fees. Fortunately, there are still some great low-rate credit cards in Canada with reasonable APRs. 

Checking for hidden fees is key if you’re looking for low-rate financial assistance that won’t blast your bank account. So, when selecting a card, the transfer fee and annual fee should be excluded from consideration. Instead, focus on the upfront interest, cash advance, and penalty rates.

Scotiabank Platinum American Express® Card

Scotiabank is one of Canada’s leading banks, and as such, they offer many financial products that are tailored to meet different needs. If you are looking for a card with low-interest rates on net purchases and revolving credit, the Scotiabank Platinum American Express® may be right for you. 

With this one, you can enjoy introductory promotional interest rates on transferred balances and new purchases for the first six months. These promotional rates come at an annual fee, but the low-interest rates and almost excessive rewards make up for it. 

• Annual Fee: $399

• Interest Rates: 9.99% variable APR

• Pros: Can help build a credit history, mobile phone insurance, lounge access 

• Cons: Not many cash back rewards, only travelers will benefit