Eligible purchases made directly with Air Canada® including Air Canada Vacations®
2 Aeroplan pts/$1
ULTRA LUXURY
Updated Jul 2026
Infinite Privilege
The highest tier of Visa luxury. Airport benefits, concierge, and more.
CREDIT CARD
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Compare Top Privilege 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.
23.99%
BMO Bank of Montreal
Best For
[
Travel Rewards
]
[
Balance Transfer
]
[
Premium
]
Est. 1st Yr Value: $1549
Welcome Bonus: Up to $2,300 including up to 200,000 points and NEXUS Statement Credit
Balance Transfer: 0% Balance Transfer for 12 months (2% transfer fee).
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
•
Car Rental Collision/Loss Damage Waiver
+6 more
Purchase APR
21.99%
Cash Advance APR
23.99%
Annual Fee
$599
Foreign Tx Fee
—
Personal Income
$150,000
Household Income
$200,000
Credit Score
—
Annual Fee
$399
Purchase
20.99%
Cash Adv.
22.99%
RBC Royal Bank
Best For
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $1326
Avion Rewards
Welcome Bonus: Get up to 70,000 Avion points, that's a travel value of up to $1,500.
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
•
Trip Cancellation/Interruption Insurance
+2 more
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$399
Foreign Tx Fee
—
Personal Income
—
Household Income
$200,000
Credit Score
—
Add. Card Fee
$99
Annual Fee
$599
Purchase
21.99%
Cash Adv.
22.99%
CIBC
Best For
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $1260
Aeroplan
Welcome Bonus: Apply and earn up to $3,200 in value, which includes up to 100,000 Aeroplan points!
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
•
Car Rental Collision/Loss Damage Waiver
+6 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
—
Annual Fee
$499
Purchase
21.99%
Cash Adv.
22.99%
CIBC
Best For
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $923
Aventura
Welcome Bonus: Join and earn up to $2,500 in value.
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
•
Car Rental Collision/Loss Damage Waiver
+6 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$499
Foreign Tx Fee
—
Personal Income
$150,000
Household Income
$200,000
Credit Score
—
Annual Fee
$599
Purchase
20.99%
Cash Adv.
22.99%
Scotiabank
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $635
Scene+
Welcome Bonus: Earn up to 100,000 bonus Scene+ points in your first 14 months.
Exp: Apr 30, 2026
Highlights:
No Foreign Transaction Fees
•
Airport Lounge Access
•
Travel Medical Insurance
•
Mobile Device Insurance
+6 more
Purchase APR
20.99%
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
$295
Purchase
11.90%
Cash Adv.
12.90%
Desjardins Group
Best For
[
Travel Rewards
]
[
Low Interest
]
[
Balance Transfer
]
Est. 1st Yr Value: $160
Highlights:
Travel Medical Insurance
•
Introductory 0% APR on Balance Transfers
•
Mobile Device Insurance
•
Car Rental Collision/Loss Damage Waiver
+5 more
Purchase APR
11.90%
Cash Advance APR
12.90%
Annual Fee
$295
Foreign Tx Fee
—
Personal Income
$150,000
Household Income
$200,000
Credit Score
—
Add. Card Fee
$95
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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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Earn money on daily spend.
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SPEC SHEET
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ISSUERS
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KNOWLEDGE BASE
Frequently Asked Questions
Common questions about Compare Top Privilege 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.
A hard inquiry (from a credit application) typically remains on your credit report for up to 36 months, though its impact on your credit score generally diminishes significantly after the first 12 months.
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.
If a transaction pushes you over your limit, the issuer may decline the transaction or, in some cases, accept it and charge an 'Over-Limit Fee' (typically around $29). Exceeding your limit can also negatively impact your credit score. It is best to keep balances well below your limit.
Providing your Social Insurance Number (SIN) is usually optional for credit card applications, though it can help the issuer verify your identity and locate your credit file more accurately. You can generally apply without it, provided you supply other identification details.
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.
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