With the proper rewards bank card, you’ll be able to earn factors to place in direction of money again, journey, monetary merchandise, merchandise, present playing cards, and even charitable donations. The important thing to discovering one of the best rewards card is to pick one which matches your spending habits and your reward targets.
Beneath, we spotlight our favorite money again, journey, airline, and resort rewards playing cards that will help you get a leap begin on discovering the best-fitting card for you.
One of the best rewards bank cards in Canada
We’ve chosen prime playing cards throughout the money again and journey rewards classes:
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Gold: Greatest for money again rewards
CIBC Dividend Visa Infinite Card
Earn as much as 5 MR factors per $1 spent and switch them to accomplice loyalty applications.
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Curiosity Charges:
21.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome supply:
$250 worth
Be a part of and earn as much as $400 in worth together with a primary yr annual charge rebate.†
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Gold: Greatest for journey rewards
Scotiabank Gold American Categorical Card
Earn as much as 6 Scene+ factors per $1 spent and entry unimaginable journey perks, together with no overseas transaction charges.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome supply:
$500 worth
Earn as much as $1,050 in welcome provides, first yr rewards and financial savings worth, together with no annual charge in your first yr, and as much as 50,000 bonus Scene+ factors.
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Gold: Greatest for airline rewards
TD Aeroplan Visa Infinite Card
Free checked luggage on Air Canada flights, versatile redemptions and a Nexus charge rebate each 4 years.
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Curiosity Charges:
21.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome supply:
$500 worth
Earn a welcome bonus of 10,000 Aeroplan factors once you make your first Buy along with your new Card. Earn an extra 15,000 Aeroplan factors once you spend $7,500 within the first 180 days. Circumstances apply. Supply efficient as of September 4, 2025
Anniversary bonus:
$400 worth
Greatest for money again rewards: Rogers Pink World Elite Mastercard
There’s plenty of love for the Rogers Pink World Elite Mastercard. With no annual charge, this cashback bank card provides 1.5% money again on all purchases—that’s a serious reward win. And along with a bonus for Rogers, Fido, and Shaw clients, this card comes with 3% money again on transactions in U.S. {dollars}, successfully eliminating the usual 2.5% overseas transaction charge.
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Rogers Pink World Elite Mastercard
Annual charge: $0
Welcome supply: None right now.
Card particulars
| Rates of interest | 25.99% on purchases, 27.99% on money advances, 27.99% on steadiness transfers |
| Revenue required | $80,000 per yr |
| Credit score rating | 725 or greater |
Execs
- Easy rewards construction: With the minimal earn charge of 1.5% money again on all purchases, you don’t have to consider maximizing bonus classes or rewards tiers. The bottom earn charge is greater than every other no-fee card in Canada.
- Offset foreign exchange charges on U.S. purchases: 3% money again on purchases made in U.S. {dollars}, each in-person and on-line, which is sufficient to offset the everyday 2.5% overseas transaction charge.
- Rogers buyer bonus: Rogers, Fido, and Shaw clients earn an extra 0.5% on all purchases (for a complete of two%). Plus, get a 1.5x redemption bonus when making use of again rewards to invoice funds with one of many three firms.
- Versatile redemptions: Money out your rewards when you’ve collected a minimal of $10 money again.
- No annual charge: Most comparable playing cards cost an annual charge of $120, which offsets a few of the money again you earn annually. It is a distinctive no-fee World Elite Mastercard.
- Broad acceptance: You should utilize this card at most shops in Canada, together with all the foremost grocers and even at Costco (actually, it’s a wonderful Costco card).
Cons
- Flat earn charge: Different playing cards supply greater earn charges on choose classes, which may assist you to reap extra rewards, relying in your spending habits.
- Excessive earnings necessities: You’ll want a private earnings of not less than $80,000 private or $150,000 in annual family earnings to qualify.
Greatest for journey rewards: Scotiabank Gold American Categorical
The Scotiabank Gold American Categorical card is our choose for one of the best journey bank card in Canada because of its aggressive earn charges, complete journey insurance coverage package deal, and different beneficial perks, like no overseas transaction charges. It provides one of many highest charges of return on on a regular basis spending, too.
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Scotiabank Gold American Categorical
Annual charge: $120
Welcome supply: Earn as much as $1,050 in worth within the first 12 months, together with as much as 50,000 bonus Scene+ factors. Supply ends January 1, 2026.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | $12,000 per yr |
| Credit score rating | 725 or greater |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey, retailer purchases and foods and drinks at Cineplex and Scene companions |
Greatest for airline rewards: TD Aeroplan Visa Infinite
If you happen to’re searching for a high-earning charge Aeroplan card with easy redemptions, be aware of our choose for greatest airline bank card. The TD Aeroplan Visa Infinite card comes with perks just like the $100 NEXUS charge rebate and free checked luggage for you and as much as eight travelling companions.
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TD Aeroplan Visa Infinite Card
Annual charge: $139 (waived first yr)
Welcome supply: Earn as much as $1,450 in worth together with as much as 45,000 Aeroplan factors may very well be yours. Plus, take pleasure in no annual charge for the primary yr. Circumstances Apply.
Card particulars
| Rates of interest | 21.99% on purchases, 22.99% on money advances (21.99% in Quebec), 22.99% on steadiness transfers (21.99% in Quebec) |
| Revenue required | Private earnings of $60,000 or family earnings of $100,000 |
| Credit score rating | 680 or greater (really useful) |
| Level worth | Aeroplan factors are value $0.02 on common |
Execs
- Versatile redemptions: Use Aeroplan factors when reserving Air Canada seats with out restrictions or blackout durations. Plus, redeem factors for flights with different airways within the Star Alliance program, together with United Airways and Lufthansa.
- NEXUS charge rebate: Get a $100 rebate in your Nexus customs journey software each 48 months.
- Aggressive insurance coverage package deal: Consists of emergency medical journey protection for 21 days, or 4 days for these 65 and older.
- Double Aeroplan factors: Get double the Aeroplan factors when utilizing this card alongside your Aeroplan card at collaborating retailers, reminiscent of Greatest Purchase, LCBO, and plenty of, many extra.
Cons
- Advanced loyalty program: Aeroplan is a dynamic chart-based program, that means level values fluctuate primarily based on the place and once you’re flying. In order for you easy level redemptions, this will not be this system for you.
- Comparatively excessive annual charge: This card has a barely greater annual charge in comparison with different playing cards on this class, though the charge is waived for the primary yr.
Greatest for resort rewards: Marriott Bonvoy American Categorical
With the flexibility to redeem for every little thing from room upgrades to spa therapies, Marriott Bonvoy factors are beneficial for frequent Canadian travellers. Plus, they’re transferrable to greater than 35 airline frequent flyer applications. Extras like free resort stays and Amex advantages make this a must-pack journey bank card on your subsequent journey.
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Marriott Bonvoy American Categorical
Annual charge: $120
Welcome supply: Earn 50,000 Marriott Bonvoy factors after you cost $1,500 in purchases to your Card in your first three months.
Card particulars
| Rates of interest | 21.99% on purchases, 21.99% on money advances, penalty APR on purchases and money advances (charges are variable) |
| Revenue required | None specified |
| Credit score rating | 725 or greater |
| Factors worth | 1 Marriott Bonvoy level is value $0.0117 on common |
Execs
- Redemption choices: Put factors towards upgrades at a wide range of inns (St. Regis, The Ritz-Carlton, Westin and others), merchandise, and journey experiences. You may as well use them for different journey bills, like automotive leases and flights.
- Annual free night time: Free lodging in a Marriott Bonvoy resort yearly, as much as a most worth of 35,000 factors.
- Silver Elite standing: Complimentary Marriott Bonvoy Silver Elite standing, which may get you unique discounted charges and better factors earn charges once you guide.
- American Categorical perks: Early entry to occasion tickets by means of the Amex Entrance of the Line program, and make the most of curated eating, retail and wellness experiences.
Cons
- Dynamic loyalty program: You’ll must strategize, plan, and take note of the dates and occasions of your bookings if you wish to get essentially the most worth out of your factors.
- Restricted acceptance: Amex is much less broadly accepted than Credit cards and Visas, and you may’t use them at Costco or Loblaws shops.
- Journey insurance coverage limitations: This card doesn’t include journey emergency medical insurance coverage.
Different prime rewards bank cards in Canada
MBNA Rewards World Elite Mastercard
Cardholders who don’t thoughts redeeming factors for journey by means of MBNA’s Rewards platform will most likely need to attain for this World Elite Mastercard. The cardboard earns you 5 factors per $1 spent on restaurant, grocery, digital media, membership, and family utility purchases. Plus, as a World Elite Mastercard, you’ll get advantages like Journey Move lounge entry (no free passes), concierge service, and unique entry to inns and experiences.
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MBNA Rewards World Elite Mastercard
Annual charge: $120
Welcome supply: earn 20,000 bonus factors (roughly $165 in money again worth) after you make $2,000 or extra in eligible purchases throughout the first 90 days. (Not accessible for residents of Quebec.)
Card particulars
| Rates of interest | 21.99% on eligible purchases, 22.99% on steadiness transfers and 22.99% on money advances. |
| Revenue required | $80,000 per yr |
| Credit score rating | 660 or greater |
| Level worth | 1 MBNA Rewards level = $0.01 when redeemed for journey |
American Categorical Aeroplan Reserve Card
Designed for Air Canada loyalists, this premium card unlocks elite journey advantages like complimentary Maple Leaf Lounge entry, airport advantages, companion passes, and a Nexus charge rebate each 4 years. Plus, earn 3 factors on Air Canada purchases, 2 factors on eating and meals supply, and 1.25 factors on every little thing else.
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American Categorical Aeroplan Reserve
Annual charge: $599
Welcome supply: Earn as much as 85,000 Aeroplan factors. Earn 60,000 factors after you spend $7,500 in your first 3 months of card membership. Plus, earn an extra 25,000 factors after you spend $2,500 in your card in month 13.
Card particulars
| Rates of interest | 21.99% on purchases and 21.99% on money advances, penalty APR on purchases and money advances (charges are variable) |
| Revenue required | None specified |
| Credit score rating | 725 or greater |
| Level worth | Aeroplan factors are value $0.02 on common |
Execs:
- Stable earn charge: Earn as much as 3 factors per $1 spent, with the best earn charge reserved for Air Canada purchases.
- Air Canada advantages: Precedence check-in, boarding, and baggage dealing with on Air Canada flights, plus free first checked luggage for cardholder and as much as 8 folks on the identical reservation.
- Complete insurance coverage protection: Emergency medical, journey cancellation/interruption, flight delay, and automotive rental insurance coverage is customary with this card.
- Versatile redemptions: Redeem factors for Air Canada flights, Star Alliance companions, and trip packages, or switch them to different accomplice loyalty applications.
Cons:
- Excessive annual charge: The cardboard fees $599 per yr, which takes a chew out of the rewards you earn.
- No cell gadget protection: This fundamental insurance coverage sort is often included, so it’s shocking that this premium card doesn’t supply it.
BMO Air Miles World Elite Mastercard
With Air Miles, one among Canada’s hottest journey rewards applications, members earn Miles that may be redeemed for flights, merchandise, occasions, and extra. Of the collaborating playing cards, the BMO Air Miles World Elite Mastercard is one among your greatest choices. Cardholders take pleasure in a incredible earn charge of 1 Mile per $12 in bank card purchases (and 3 times that quantity at Air Miles companions). Frequent travellers may even take pleasure in this card’s full lineup of travel-related perks, like journey and medical safety and reductions on eligible flights.
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BMO Air Miles World Elite Mastercard
Annual charge: $120
Welcome supply: Get 7, 000 Air Miles Bonus Miles. Plus, earn an extra 2,000 Bonus Miles once you spend $1,000 at eligible wholesale golf equipment, grocery shops and alcohol retailers. That’s sufficient for $940 in direction of purchases with Air Miles Money.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105 |
American Categorical Platinum
The Amex Platinum is the most premium bank card on our listing, standing out for its perks and advantages. You’ll be handled to an annual $200 eating credit score, $200 journey credit score, beneficiant insurance coverage package deal, and entry to 1,400 airport lounges around the globe.
American Categorical Platinum
Annual charge: $799
Welcome supply: Earn as much as 100,000 Membership Rewards factors ($1,000 worth). New Platinum card members, earn 70,000 factors after you cost $10,000 in internet purchases to your card in your first 3 months of card membership. Plus, earn 30,000 factors once you make a purchase order between 15 and 17 months of card membership.
Card particulars
| Rates of interest | N/A (as a cost card, you’re required to repay your steadiness in full each month) |
| Revenue required | None |
| Credit score rating | 760 or greater |
| Anniversary bonus | $200 annual eating credit score to make use of at a curated listing of Canada’s prime eating places. Plus, $200 annual journey credit score when reserving by means of American Categorical Journey On-line. |
| Level worth | 1 Amex Membership Rewards level = $0.01 when redeemed with the Versatile Factors Journey Program, $0.015 on common with the Fastened Factors Journey Program, and as much as $0.02 with airline factors transfers |
Capital One Good Rewards Mastercard
The Capital One Good Rewards Mastercard flips the everyday rewards mannequin on its head. As a substitute of incomes factors once you spend, you earn 5 factors for each greenback you pay towards your steadiness, rewarding constant, accountable cost habits reasonably than purchases. It’s a sensible choice for these targeted on constructing credit score and sustaining good monetary habits.
Capital One Good Rewards Mastercard
Annual charge: $0
Rewards: Earn 5 factors per $1 paid in direction of your steadiness.
Welcome supply: None right now.
Examine all rewards bank cards
Why belief us
MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial staff of skilled journalists works intently with main private finance consultants in Canada. That can assist you discover one of the best monetary merchandise, we examine the choices of main establishments, together with banks, credit score unions and card issuers. Study extra about our promoting and trusted companions.
How a lot are rewards factors value?
With constant rewards applications, the factors are value a set quantity and this doesn’t change. Listed here are the values of factors with constant rewards applications in Canada.
| Rewards program | Worth vary | Highest-value redemption | Different redemption choices |
|---|---|---|---|
| MBNA Rewards | $0.005 – $0.01 | Journey purchases | Merchandise, present playing cards, money again, charitable donations |
| Scene+ Factors | As much as $0.01 | Journey, purchases at affiliated grocery, liquor and drug shops, and foods and drinks at Cineplex and Scene companions | Film tickets, present playing cards, merchandise, assertion credit |
| American Categorical Membership Rewards factors | $0.007 – $0.07 | Assertion credit score | Journey, switch to different rewards applications, present playing cards, merchandise |
| TD Rewards | $0.04 – $0.05 | Journey rewards booked through Expedia For TD | Merchandise, assertion credit, present playing cards, journey by means of different web sites |
| BMO Rewards | $0.005 – $0.0067 | Journey | Merchandise, present playing cards, switch to different journey applications, BMO investments |
| PC Optimum | $0.075 – $0.015 | Automobile wash at Esso and Mobil fuel stations. | Loblaw-banner grocery shops, Consumers Drug Mart |
| Aeroplan | x | Flights on Air Canada | Journey (automotive leases, inns, trip packages), merchandise, present playing cards |
| Air Miles | X – money milesX – dream miles | Air Miles journey | Dream Miles: journey (cruises, packages, automotive leases, inns, flights)Money Miles: e-Vouchers, retailer reductions |
| RBC Avion Rewards | x | Avion Air Journey redemption | Switch factors to different journey applications, charity, merchandise, present playing cards, RBC monetary rewards, pay with factors |
| CIBC Aventura | x | Aventura Journey | Purchasing with factors, charity, monetary merchandise, merchandise, present playing cards, pay with factors |
Execs and cons of rewards bank cards
Earlier than making use of for a bank card with excessive rewards, contemplate the next professionals and cons of utilizing rewards applications:
Execs
- Earn rewards on on a regular basis purchases: Earn money again or loyalty factors which you can redeem for journey, merchandise, and present playing cards. Many playing cards supply accelerated earnings on particular classes, reminiscent of groceries, eating, or journey, permitting you to strategically maximize your earnings.
- Helpful sign-up bonuses: Many rewards playing cards supply profitable bonuses and earn charges for assembly preliminary spending thresholds. These rewards may be value a whole bunch of {dollars}.
- Further perks: Premium rewards playing cards usually embrace perks, like journey insurance coverage, airport lounge entry, concierge companies, and unique offers.
- Number of redemption choices: The higher the reward program, the extra choices you might have for redeeming your factors. You would possibly money in factors for journey, money again, merchandise, charitable donations, or monetary merchandise.
Cons
- Annual charges: Many rewards playing cards cost modest to vital annual charges, decreasing the general worth for low spenders.
- Increased rates of interest: Rewards playing cards usually have greater annual proportion charges (APRs), making them much less beneficial for many who carry a steadiness.
- Advanced redemption guidelines: When redeeming for journey buy, you would possibly encounter blackout dates, restrictions, or fluctuating level values, making it tougher to redeem your factors at peak worth.
- Temptation to overspend: If you happen to’re not disciplined, the thought of incomes rewards would possibly encourage you to spend past your means.
How to decide on a rewards card
If you happen to’re purchasing round for a brand new rewards bank card, it’s possible you’ll discover most boil down to 2 varieties: factors or money again. It could be tempting to choose the cardboard that offers you one of the best return, nevertheless it’s not at all times that easy to seek out one of the best bank card for one of the best rewards in Canada.
First, contemplate your personal spending habits and finances. Take into consideration the place you spend most of your cash in a given month so yow will discover a card that provides excessive rewards for that class. Then, to slender down your choices, resolve if you happen to’d reasonably get money again or factors which you can redeem in a lot of methods.
The case for money again rewards
If you happen to desire simplicity, cash-back playing cards are the way in which to go. The greatest money again bank cards provide the highest return primarily based in your on a regular basis spending habits. They could even rank as the best rewards bank cards in Canada. Right here’s what to contemplate:
- Payouts: Relying on the bank card, money again could also be paid out month-to-month, quarterly or yearly and refunded within the type of an announcement credit score, direct deposit to your checking account or a cheque within the mail.
- Share earned: Money again bank cards supply a set proportion on rewards primarily based on how a lot you spend. Typically talking, money again playing cards with an annual charge will earn you the next base proportion, so you want to issue that in if you happen to’re evaluating them to a no-fee bank card.
- Multipliers: Some money again playing cards supply multipliers, that means you get the next proportion of money again in sure spending classes, reminiscent of grocery shops, fuel stations, drugstores and automatic funds for recurring payments.
The case for factors
As a substitute of incomes money, journey rewards bank cards internet factors that can be utilized to say journey (flights, inns), present playing cards, or merchandise. Rewards playing cards may be fairly profitable when you understand how to earn and redeem factors successfully, however there are a number of options to contemplate.
- Sort of rewards earned: Rewards bank cards are both linked to a particular model (like a journey airline or resort) or they offer you flexibility to journey on any provider. If you happen to’re loyal to a particular retailer, it is sensible to choose a co-branded card. If you happen to desire flexibility, then choose a card that offers you essentially the most choices.
- Signal-up bonus: Most rewards playing cards supply an enormous signup or welcome bonus to entice Canadians to use. Assuming you’ll be able to meet the minimal spending necessities, that bonus may very well be value a number of hundred {dollars} (which may offset the primary yr’s annual charge).
- Ease of redemption: Rewards are ineffective if you happen to don’t use them. Search for loyalty applications with out blackout dates. One other no-deal: too many restrictions. Make sure you’ll be able to redeem your factors at any time when it’s handy for you.
- Worth of factors: Know what your rewards (particularly factors or branded {dollars}) are literally value. For instance, if you happen to earn 1 level for each $1 spent, and it takes 100 factors so that you can declare $1 in rewards, your factors are value 1%. When you have a co-branded flight or resort bank card, decide what number of factors it takes to get your free seats or resort stays.
- Further advantages: Many rewards playing cards supply the next customary advantages: complete journey insurance coverage package deal, auto rental insurance coverage and value safety. Extra premium playing cards additionally embrace advantages like roadside help or customized reductions.
Featured bank cards
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Greatest for journey card
Scotiabank Passport™ Visa Infinite Card
Earn factors on each buy, pay no FX charges, and obtain complimentary airport lounge entry (with 6 annual passes).
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% steadiness switch
Welcome supply:
$350 worth
Earn $350 in journey rewards (35,000 bonus Scene+ factors) for brand new Scotiabank Passport Visa Infinite Card purchasers who spend $2,000 throughout the first 3 months
Anniversary bonus:
$100 worth
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Greatest for money again
SimplyCash Most well-liked Card from American Categorical
Earn 4% money again on groceries and fuel. Plus get a flat 2% on all different on a regular basis purchases.
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Curiosity Charges:
21.99% buy, 21.99% money advance, N/A steadiness switch
Welcome supply:
$250 worth
Earn a bonus 10% money again on all purchases on your first 3 months (as much as $2,000 in purchases). Plus, earn a $50 assertion credit score once you make a purchase order in month 13. This might add as much as $250 in bonus worth in your first 13 months.
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Greatest low APR card
MBNA True Line Mastercard bank card
A really perfect choice for cardholders trying to handle debt, the cardboard’s low 12.99% APR is nearly half the standard rate of interest discovered on most playing cards.
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Curiosity Charges:
12.99% buy, 24.99% money advance, 17.99% steadiness switch
