Eligible purchases made directly with Air Canada® including Air Canada Vacations®
2 Aeroplan pts/$1
PREMIUM METAL
Updated Jul 2026
Metal Cards
Heavy, durable, and stylish cards that make a statement.
CREDIT CARD
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Compare Top Metal Cards
Comparing results based on your preferences.
Auto-updates
Annual Fee
$599
Purchase
21.99%
Cash Adv.
22.99%
TD Canada Trust
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $2660
Aeroplan
Welcome Bonus: Earn up to 85,000 Aeroplan points ($3,000 estimated value).
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Free Checked bag
•
Mobile Device Insurance
+5 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Tx Fee
—
Personal Income
$150,000
Household Income
$200,000
Credit Score
—
Add. Card Fee
$199
Annual Fee
$599
Purchase
21.99%
Cash Adv.
21.99%
American Express(Canada)
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $1369
Aeroplan
Welcome Bonus: Up to 85,000 Welcome Bonus Aeroplan points
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Free Checked bag
•
Car Rental Collision/Loss Damage Waiver
+5 more
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$599
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$250
Purchase
21.99%
Cash Adv.
21.99%
American Express(Canada)
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $611
Membership Rewards
Welcome Bonus: Up to 60,000 Membership Rewards points
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Car Rental Collision/Loss Damage Waiver
•
Trip Cancellation/Interruption Insurance
+5 more
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$250
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$0
Purchase
21.99%
Cash Adv.
21.99%
American Express(Canada)
Best For
[
No Annual Fee
]
[
Rewards
]
Est. 1st Yr Value: $330
Membership Rewards
Welcome Bonus: 15,000 Membership Rewards points
Highlights:
No Annual Fee
•
Extended Warranty Insurance
•
Purchase Security Insurance
•
Special Event Access (e.g., Front Of The Line)
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$20
Purchase
19.99%
Cash Adv.
22.99%
CIBC
Best For
[
Business
]
Est. 1st Yr Value: $160
Welcome Bonus: Effectively manage your business expenses.
Highlights:
Bad Credit & Rebuilding
Purchase APR
19.99%
Cash Advance APR
22.99%
Annual Fee
$20
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$20
Annual Fee
$495
Purchase
21.99%
Cash Adv.
22.99%
Rogers Bank
Best For
[
Cash Back
]
[
Travel Rewards
]
[
Premium
]
Cash Back
Welcome Bonus: Contest Entry: Apply and get approved by May 29, 2026, for a chance to win a Priceless Experience at the McLaren Technology Centre in England.
Exp: May 29, 2026
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Car Rental Collision/Loss Damage Waiver
+5 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$495
Foreign Tx Fee
0%
Personal Income
$150,000
Household Income
$200,000
Balance Transfer
22.99%
Add. Card Fee
$95
Premium Experience
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Why Choose a Credit Card?
Beyond simple convenience, the right credit card offers a layer of consumer protection, financial leverage, and rewards that debit cards or cash simply cannot match.
Zero Liability Protection
Canadian credit cards come with robust federal protections against unauthorized transactions. Unlike cash, which is gone forever if lost, or debit cards which are directly linked to your bank funds, a credit card offers a buffer. If your card is used fraudulently, you are generally not held liable for those charges once reported. This keeps your actual bank account safe and liquid while the bank investigates the issue. It provides peace of mind in an era of increasing digital fraud.
Value-Added Rewards
Every purchase you make is an opportunity to earn a return on your spending. Whether you prefer travel points, merchandise, or cash back, using a credit card allows you to get value back on expenses you were going to pay anyway. Over the course of a year, a standard 1-2% reward rate can accumulate into hundreds of dollars in free groceries or flights. It is effectively a discount on your entire lifestyle, provided you pay your balance in full. Why pay full price with cash when you can earn a rebate with credit?
Building Credit History
Your credit score is your financial passport in Canada, dictating your ability to rent apartments, get a mortgage, or finance a car. Responsible credit card use is one of the most effective and fastest ways to establish this history. By using a card and paying it off on time every month, you demonstrate reliability to future lenders. A long, positive history with a credit card accounts for a significant portion of your credit score calculation. Without this history, obtaining major loans later in life can be difficult or much more expensive.
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Credit Cards is great, but sometimes a different card fits your lifestyle better. Use our Smart Finder to see what else you qualify for.
Cash Back
Earn money on daily spend.
Travel Rewards
Best for frequent flyers.
SPEC SHEET
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ISSUERS
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LOYALTY PROGRAMS
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PAYMENT NETWORKS
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CARD LEVELS
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KNOWLEDGE BASE
Frequently Asked Questions
Common questions about Compare Top Metal Cards Cards and financial strategy.
Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.
It can be, depending on your usage. Premium cards with annual fees often come with higher reward earn rates, comprehensive insurance, and perks like lounge access. If the value of the rewards and benefits you utilize exceeds the cost of the fee, the card may offer a positive net value.
You should contact your card issuer immediately to lock or cancel the card. Many issuers also offer a 'Lock Card' feature in their mobile app which can prevent new transactions instantly. Once reported, the issuer will typically send a replacement card with a new number.
Yes, many major banks offer specific programs for newcomers that do not require a Canadian credit history. You may need to visit a branch in person and provide immigration documents (such as a Permanent Resident card or Work Permit) to be approved.
It might. Cancelling an older card reduces your 'Average Age of Accounts,' which is a factor in your credit score. It also reduces your total available credit, which could increase your utilization ratio. If the card has no annual fee, it is often better to keep it open and use it occasionally to keep the history active.
Credit card networks (Visa/Mastercard) set their own daily exchange rates, which are generally very close to the market rate. However, unless you have a No-FX fee card, the issuer adds a surcharge (usually 2.5%) on top of this rate, which is why the total cost is higher than the spot market rate.
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