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).

Tangerine Bank Credit Card

My favourite card is issued by the best online bank in Canada: Tangerine Bank (which I have thoroughly reviewed here). The quick and easy review:

1) No Annual Fee – Perfect for people who hate the idea of paying to use a credit card or who don’t spend enough on their credit cards to justify a $120+ annual fee.

2) It’s a cash back card where the cash goes straight to your Tangerine account – super easy. No points to keep track of etc.

3) The flexibility of the card is an excellent feature in that it lets you pick 3 categories to get a full 2% cash back on – thus allowing you to use the card in areas you tend to spend the most.

4) It integrates seamlessly with the whole low-cost Tangerine banking system.

5) As a negative – it only allows for .5% back on purchases other than your 3 chosen categories – so it’s best when paired up with another card and used in tandem.

We rated it 4.3 on our Complete Tangerine Bank Credit Card Review.

Additional top rated Canadian credit card reviews below:

Best Credit Cards for Specific Purposes

 

Best Credit Cards in Canada By Interest Rate


More Canadian credit card guides below:

President’s Choice Financial World Elite MasterCard Review

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...

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A Review of US Dollar Credit Cards

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Review: Tangerine’s New Money-Back Credit Card – Updated 2017

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...

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Chase Marriott Rewards Premier Visa Review

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...

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What Affects Your Credit Score?

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...

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What is Credit Card Churning?

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...

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How to Get Your First Year Free with RBC Visa Infinite Avion

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...

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TD Aeroplan Visa Infinite Review

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...

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Credit Card Travel Hacking Spree

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...

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American Express Gold AeroplanPlus Card Review

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...

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CIBC Infinite Aerogold Visa Review

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...

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Who Else Wants to do Their Christmas Shopping for Free This Year?

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...

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Canadian Credit Cards that Don’t Have Currency Conversion Fees

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...

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RBC Visa Infinite Avion Credit Card Review

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...

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MBNA WorldPoints World Credit Card Review

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...

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Thank You To People With Credit Card Debt

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...

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Credit Card Statement Changes

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...

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Want to Make a Quick 19% Return?

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...

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Okay, I succumbed to the SPG American Express Credit Card

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...

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Dear MBNA Starwood Preferred Guest, I Now Lay You to Rest

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,...

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Comparison of No Fee Travel Reward Credit Cards

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...

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