Credit Cards and Rewards Points
Credit cards don’t kill savings accounts… people kill savings accounts.
The first rule of credit cards isn’t “Never Use Them”, it’s simply to pay the balance every month. If you’re not paying your balance off every month on your credit card, that absolutely needs to be your first step. In fact, it’s so important, minimize this site and go do it right now!
Ok, now that you’re all squared away on your monthly balance, you are ready to start getting paid to buy stuff you were going to buy anyway, and earning back for each dollar you spend (i.e. “Credit Card Rewards”).
My credit card gives me over $1,500 worth of “free” credit card rewards every year for an annual card fee of $120 – and I’ve never paid a cent of interest. Read on to see our reviews of the best cards on the Canadian market today. We have inspected a diversity of cards – from travel rewards, to cards that give great cash back, cards specific to loyalty programs like the Shoppers Drug Mart Pharmaprix Optimum Program, and even no-fee credit cards. Read a few and find out which Canadian credit card is best for you!
Best Canadian Credit Cards 2017
Below is a list of what I believe are some of the best Canadian credit cards available today. I haven’t covered a whole lot of them, but instead focused on covering the ones I know and think are top-notch. I put a particular focus on things like credit card rewards, overall brand credibility, annual fees, flexibility, and banking integration.
This is why I particularly like one credit card and deem it as the Top Credit Card in Canada – at least in my opinion (and if you don’t want to pay an annual fee for your credit card – which a lot of Canadians don’t).
Additional top rated Canadian credit card reviews below:
- TD Aeroplan Visa Infinite Review
- Shoppers Drug Mart Pharmaprix Optimum Points Card Review
- RBC Visa Infinite Avion Credit Card Review
- CIBC Visa Infinite Aerogold Review
- American Express Aeroplan Gold Card Review
- MBNA World Points Credit Card Review
Best Credit Cards for Specific Purposes
- Canadian Credit Cards That Don’t Have Currency Conversion Fees
- Comparison of No-Free Travel Rewards Credit Cards in Canada
- Comparison of Canadian US Dollar Credit Cards
Best Credit Cards in Canada By Interest Rate
More Canadian credit card guides below:
Sure, “millennials” include everyone from a 32-year-old born in 1985 to a 17-year-old applying to university, but there are still some common factors between them – and that means credit card advice aimed at Baby Boomers isn’t always going to help millennials get the...read more
Yes, I have done it again! Signed up for another credit card. This time, we had careful consideration because we needed a joint credit card. Initially we were thinking of signing up for one of the Scotiabank credit cards that offered the first year free, but it's a...read more
Since our wedding is in the United States, we have been having to pay for a lot of things in US Dollars, or with my Chase Marriott Visa credit card (which does not charge the additional 2.5% of foreign currency exchange fee on top of the purchase), and it got me...read more
If you’re fan of online banking then you’ve no doubt thought about making the job to an entirely online bank such as Tangerine (the former ING). For more on the pros and cons of the bank itself, check out our Tangerine bank review here. While Tangerine has been a...read more
With only the MBNA World Points World MasterCard in my wallet, I felt a little empty. Since I cancelled the TD Aeroplan last year to avoid paying an annual fee, I needed another Visa. Therefore after some deliberation, I decided on the Chase Marriott Rewards Premier...read more
With credit card travel hacking, there's often talk about not applying for too many cards in that it will affect your credit score. If your credit score takes too much of a hit, lenders will have more difficulty lending you money (such as to buy a home, or obtain a...read more
For the first time in a while, I have only one credit card in my wallet, and admittedly it feels kind of weird. I usually have more than one credit card (as evidenced by my credit card travel hacking spree), you know to get cheap airfare. It will probably be only a...read more
I initially had my first experience with the Royal Bank Visa Infinite Avion a few years back (2011 to 2012 to be precise). You can read about my RBC Infinite Avion Visa review here. I was a big fan. It was easy to use, there were no black out dates, I was able to...read more
I have had a bit of a difficult time getting this card, so first off, it is great that I have this card now and I am able to give a review on it. Let's just say my relationship with TD Aeroplan Visa Infinite did not start off with the honeymoon phase... we have had a...read more
I have been on a credit card travel hacking spree for the past year... partially thanks to the book that Steve Zussino wrote, Travel Hacking for Canadians. It stimulated my appetite for travel hacking. You can check out my book review here. Over the past year, I...read more
As most of you know, I have been a fan of collecting Aeroplan points for my ultimate goal of travel hacking with Canadian credit cards. So far I am just under 100,000 Aeroplan points but still need to wait for these points to be credited to my account. So when I...read more
I've sported around the CIBC Aerogold Visa Infinite for a few months (really just less than 2 months I believe) and have been pretty happy so far. I got this Visa primarily because the first year is free (I have this terrible rule where I refuse to pay for a credit...read more
I often hate that sounding like a snake oil salesman is the only way to get someone’s attention, but in today’s ad-filled world you have to really shout to be heard. “Hey look, here’s a FREE $100 for filling out an application,” sounds like a classic case of too good...read more
If you're addicted to traveling like I am, you probably make sure you carry a Visa and a Mastercard where ever you go (you'd be surprised how many places overseas don't accept Mastercard). This might be great especially if you head down to the United States often and...read more
Although my Royal Bank of Canada Visa Infinite Avion credit card is long gone (thanks to my stubborness of being unwilling to succumb to paying an annual fee for a credit card), it still has a special place in my heart, much like the MBNA American Express Starwood...read more
The MBNA World Points World Credit Card replaced the MBNA Travel Rewards Elite Card which replaced the MNBA SPG Rewards Mastercard. As an MBNA mastercard holder since 2006 I'm surprised by the amount of change that MBNA has gone through (and my reward points). The...read more
Most personal finance-types out there have a real vendetta against those people that carry balances on their credit cards. They preach fire and brimstone to anyone that pays “low” credit card interest rates of 9-12% a month, and true eternal torment for those souls...read more
I wrote an emotional eulogy a little more than a year ago when I had to say goodbye the the MBNA Starwood Preferred Guest credit card. It was an amazing card (seriously, it was amazing. So pretty to look at. Since its demise, I've cut it up and even saved it...read more
Here's a guest post article written a few weeks ago by Nickel of Five Cent Nickel, he's been around the PF blogosphere since 2005 (that's... like dinosaur ages in terms of blogging!) and he wanted to show you how to read your new credit card statement. Yes, in case...read more
No, no, this isn't one of those "get rich quick schemes", as you had probably hoped for. There is one way to net an easy 19% to 21% return, and it's probably not what you had in mind. What I'm talking about is to get rid of that balance (if you have one) on your...read more
Yes, that is a public statement that I have succumbed and just signed up for the Starwood Preferred Guest American Express Credit Card. Many of you are familiar with the eulogy I wrote when my beloved MBNA Starwood Preferred Guest credit card came to an end at the end...read more
It has been officially a month (February 28, 2010) since the MBNA Starwood Preferred Guest card has abruptly gone from my life. I would like to say a few words, if I may. The MBNA Starwood Preferred Guest credit card and I met in.. oh, about 2006. When we first met,...read more
As you may know, my amazing joyride with SPG MBNA's Starwood Preferred Guest card has come to an end as of February 28, 2010. It was an amazing ride- I got to stay in Hawaii for $25 to $50 a night, got to use my points to augment my travel to Australia, and got to...read more