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From cash back to travel rewards credit cards, Visa has a credit card option for everyone. Plus, they are recognized and accepted not just across Canada, but also around the world. Here are our top picks for the best Visa credit cards in Canada for 2020.

When it comes to credit card processors in Canada, Visa is a top player. Everyone recognizes the name, and for the most part, Visa is widely accepted across Canada and abroad, making it a smart choice for consumers. With everything from no annual fee cards to cash back cards to student cards, Visa has a credit card option to meet your needs. We’re sharing our top picks for the best Visa credit cards in Canada for 2020.

The Best Visa Credit Cards in Canada in 2020

Credit Card

Best For


More Info
TD® Aeroplan® Visa Infinite* CardTravel RewardsRead More
Scotia Momentum® Visa Infinite* cardCash BackRead More
SCENE® Visa* cardStudentsRead More
Scotia Momentum® No-Fee Visa* cardNo Annual FeeRead More 
Scotiabank Value® Visa* cardBalance TransfersRead More

Best Visa Card for Travel: TD® Aeroplan® Visa Infinite* Card

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If you are a frequent traveller, then consider adding the TD® Aeroplan® Visa Infinite* Card to your wallet. If you apply by January 17, 2021, you will earn 10,000 Aeroplan points after making your first purchase. You’ll also get the annual fee ($139) rebated for the first year of card membership for both the primary cardholder and first additional cardholder. A new cool feature of the welcome offer is that new cardholders will also earn an Air Canada Buddy Pass after spending $1,000 in the first 90 days from account opening, which you can use to bring anyone along to anywhere Air Canada flies in North America, including Hawaii and Mexico.

After the promotional period ends, you earn Aeroplan points at a rate of 1.5 points per every $1 spent on eligible gas, grocery, drugstore, and AirCanada.com purchases or 1 point per $1 spent for all other purchases. You can also earn points twice when shopping at the Aeroplan store or participating retailers when you shop with your TD® Aeroplan® Visa Infinite* Card and present your Aeroplan membership card.

Additional perks with the TD® Aeroplan® Visa Infinite* Card include comprehensive travel insurance, a free first checked bag for you and up to 8 travel companions on the same reservation for Air Canada flights, priority check-in and boarding with Air Canada flights, a $100 Nexus fee rebate, and more.

 The Details:

  • Annual Fee: $139 (annual fee rebate for first year if you apply by January 17, 2021)
  • Income Eligibility: $60,000 personal or $100,000 household
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: First year annual fee rebate + earn 10,000 Aeroplan points after your first purchase.  Must apply by January 17, 2021)
  • Additional Perks: Travel insurance, VIP benefits when travelling on Air Canada flights, $100 Nexus fee rebate, Auto Rental Collision/Loss Damage Insurance, and no Aeroplan points expiry for cardholder
  • Interest on Purchases: 19.99%| Interest on Cash Advances: 22.99%
Learn more about the TD® Aeroplan® Visa Infinite* Card.

*This offer is not available for residents of Quebec. For Quebec residents, please click here.


Best Visa Card for Cash Back: Scotia Momentum® Visa Infinite* card

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When it comes to the best Visa card in Canada for cash back, our top pick is the Scotia Momentum® Visa Infinite* card.  Not only is it one of the best Visa credit cards, but it’s also one of the best cash back credit cards in Canada. For starters, cardholders earn 4% cash back for every $1 spent on grocery store purchases and recurring bill payments.  You’ll also get 2% cash back for every $1 spent on gas and daily transit, as well as 1% cash back on everything else with no cash back limit.

The generous welcome bonus is also enticing. New cardholders pay no annual fee in the first year, including on supplementary cards. Additional perks with the Scotia Momentum® Visa Infinite* card include Visa Infinite* privileges, a comprehensive travel insurance package, and new mobile device insurance.

The Details:

  • Annual Fee: $120 (first year waived)
  • Income Eligibility: $60,000 personal income or $100,000 household
  • Credit Score Required: Good to Excellent
  • Welcome Bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards.1 A welcome offer value of $350.†
  • Additional Perks: New mobile device and travel insurance
  • Interest on Purchases: 20.99% | Interest on Cash Advances: 22.99%
Learn more about the Scotia Momentum® Visa Infinite* card.

Best Visa Card for Student: SCENE® Visa* card

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Students looking for a no annual fee credit card with some great perks should consider the SCENE® Visa* card.  This credit card is considered to be one of the best student credit cards in Canada, thanks to how easy it is to collect and redeem points for free movies or discounts at participating restaurants.

Cardholders earn 1 SCENE point for every $1 spent on your card purchases. That rate will be accelerated to 5 SCENE points for every $1 spent at Cineplex theatres of Cineplex.com. Points can be redeemed at several movie theatres (1,250 SCENE points is equal to 1 free movie) or at partner restaurants (1,000 SCENE points is $10 off your bill).  Right now, new cardholders can earn an extra 2,500 bonus SCENE points (equal to 2 free movies) with after spending $500 in card purchases in the first 3 months. Cardholders also receive preferred rates on car rentals with participating AVIS and Budget rent-a-car locations.

The Details:

  • Annual Fee: $0
  • Income Eligibility: $12,000
  • Credit Score Required: Fair to Good
  • Welcome Bonus: Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in the first 3 months.
  • Additional Perks: Car rental discounts at participating AVIS and Budget rent-a-car locations.
  • Interest on Purchases: 19.99%| Interest on Cash Advances: 22.99%
Learn more about the SCENE® Visa* card.

Best Visa Card with No Annual Fee: Scotia Momentum® No-Fee Visa* card

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Don’t feel like paying for the privilege of using a credit card? Don’t worry, we’ve got you covered with the Scotia Momentum® No-Fee Visa* card. Most no annual fee credit cards offer very limited (if any, perks and benefits) but the Scotia Momentum® No-Fee Visa* card allows cardholders to earn cash back on eligible purchases and comes with a few additional perks.

Cardholders earn 1% cash back at eligible gas stations, grocery stores, drug stores, and recurring bill payments. For all other eligible purchases, you will earn 0.5% cash back. Plus, for the first 6 months, new cardholders get a low 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that). Another benefit with the Visa card is that cardholders will receive a discount on car rentals at participating AVIS or Budget rent-a-car locations.

The Details:

  • Annual Fee: $0
  • Income Eligibility: $12,000
  • Credit Score Required: Fair to Good
  • Welcome Bonus: 7.99% introductory interest rate on everyday purchases for the first 6 months (19.99% after that)
  • Additional Perks: Cash back; discounts on car rentals at participating AVIS and Budget rent-a-car locations
  • Interest on Purchases: 19.99% | Interest on Cash Advances: 22.99%
Learn more about the Scotia Momentum® No-Fee Visa* card.

Best Visa Card for Balance Transfer: Scotiabank Value® VISA* Card

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If you tend to carry a balance each month, adding the Scotiabank Value® Visa* card to your wallet is a smooth move. Offering a 12.99% interest rate for purchases and cash advances, this card also has one of the lowest interest rates on the market, and it could save you oodles in interest charges. For example, if you carried a balance of $3,000 on this credit card, you would pay $32.03 per month in interest charges. If you carried that balance on a credit card charging 19.99% interest, you would pay $49.29 per month. After just two months, that’s enough interest saved to pay for the $29 annual fee.

Plus, if you transfer a balance onto this credit card, you’ll only pay 0.99% interest for the first 6 months. After that, the remaining balance will be subject to the 12.99% interest rate on balance transfers. Cardholders will also save up to 25% off on base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.

The Details:

  • Annual Fee: $29
  • Minimum Income Eligibility: $12,000
  • Credit Score Required: Fair to Good
  • Welcome Offer: 0.99% introductory interest rate on balance transfers for the first 6 months
  • Additional Perks: Up to 25% discount when renting cars from Avis in Canada or the USA
  • Interest on Purchases: 12.99% | Interest on Cash Advances: 12.99% | Interest on Balance Transfers: 12.99%
Learn more about Scotiabank Value® Visa* card

Comparing the Best Visa Credit Cards in Canada in 2020

Credit CardAnnual FeeStand-Out FeatureMore information
TD® Aeroplan® Visa Infinite* Card$139 (Annual fee rebate for first year if you apply by January 17, 2021)*Welcome bonus of 10,000 Aeroplan points after making your first purchase.Visit Site
Scotia Momentum® Visa Infinite* Card$120 (first year free)Welcome offer of 10% cash back for the first 3 months (up to $2,000 in purchases)*Visit Site
Scotiabank SCENE®* Visa* Card$0Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in 3 monthsVisit Site
Scotia Momentum® No-Fee Visa* Card

 
$0Cash back on all eligible purchasesVisit Site
Scotiabank Value® VISA* Card$290.99% introductory interest rate on balance transfers for the first 6 monthsVisit Site
*Conditions apply

Closing Words: How to Choose?

When it comes to choosing a credit card, Visa has plenty of options. Whether you’re looking for a low interest rate, cash back rewards, or no annual fee, each of these best Visa credit cards in Canada has something to offer. However, if you’re a frequent traveller looking to maximize your travel rewards, then you may want to check out the best travel credit cards in Canada. Or if you want to compare the competition, check out the best Canadian credit cards before making a decision. If you’re chasing a low interest rate, consider one of the best low interest rate credit cards in Canada. You’re bound to find something that suits your needs.

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