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Best Credit Card Welcome Bonuses in Canada

Fact checked
Welcome offers
First-year value

RateBuddy Card InsightEditorial reviewed Sep 12, 2026

Welcome bonuses are exciting, but the details matter

A strong welcome bonus can add real first-year value, but it is important to compare the annual fee, spending requirement, reward type, expiry rules, and long-term usefulness of the card. RateBuddy helps organize the offer details so you can focus on bonuses that make sense for how you actually spend.

Before chasing a bonus, compare

Estimated first-year value
Required spending conditions
Annual fee and ongoing value
Reward type and redemption flexibility

RateBuddyOFFERS AT A GLANCE

Best Credit Card Offers — October 2026

Get Ratebuddy Cash Rebate $200 RateBuddy rebate

Scotiabank®

Scotiabank® Gold American Express® Card

Featured

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $950

Estimated rewards from spending Based on $1,500 in monthly spending $0

First-year annual fee Fee charged during the first year $120

Estimated first-year card value Welcome value + spending rewards − first-year fee $830

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	0%	$0
Dining	$300	0%	$0
Gas and transit	$150	0%	$0
Travel	$75	0%	$0
Recurring bills	$75	0%	$0
Other purchases	$450	0%	$0

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$200

Potential first-year value with RateBuddy rebate $1,030

Estimate notes

No usable reward rate is configured, so spending rewards were not estimated.

This is an estimate, not a guaranteed cash return. Actual value depends on spending, eligibility, redemption choices and meeting the provider’s offer terms. Reward rates are treated as estimated cash-equivalent percentages.

Earn up to $950 in welcome offers, first-year rewards and savings value, including up to 50,000 bonus Scene+ points.

Welcome bonus (up to): $950

RateBuddy rebate: $200

Get from RateBuddy$200

Rebate ends Oct 31, 2026

Get this offer View Offer Learn more

Get Ratebuddy Cash Rebate $125 RateBuddy rebate

Scotiabank®

Scotiabank® Passport® Visa Infinite +* Card

Featured

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,250

Estimated rewards from spending Based on $1,500 in monthly spending $0

First-year annual fee Fee charged during the first year $150

Estimated first-year card value Welcome value + spending rewards − first-year fee $1,100

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	0%	$0
Dining	$300	0%	$0
Gas and transit	$150	0%	$0
Travel	$75	0%	$0
Recurring bills	$75	0%	$0
Other purchases	$450	0%	$0

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$125

Potential first-year value with RateBuddy rebate $1,225

Estimate notes

No usable reward rate is configured, so spending rewards were not estimated.

Earn up to $1,250 in first-year welcome offers, rewards and savings,* including up to 35,000 bonus Scene+ points. Welcome offer ends Nov 1, 2026

Details

Open a new account between August 4 and November 1, 2026. Earn 25,000 bonus Scene+ points after at least $2,000 in eligible purchases are posted within the first three months. Plus, earn an annual 10,000-point bonus after at least $40,000 in eligible purchases during the applicable 12-month annual period. Points are generally credited approximately eight weeks after qualification. Eligibility restrictions and conditions apply.*

Welcome bonus (up to): $1,250

RateBuddy rebate: $125

Get from RateBuddy$125

Rebate ends Oct 31, 2026

Get this offer View Offer Learn more

Get Ratebuddy Cash Rebate $100 RateBuddy rebate

Neo Financial

Neo World Elite Mastercard

Featured

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $100

Estimated rewards from spending Based on $1,500 in monthly spending $459

First-year annual fee $149 first-year fee waiver applied ~~$149~~ $0

Estimated first-year card value Welcome value + spending rewards − first-year fee $559

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	5%	$270
Dining	$300	1%	$36
Gas and transit	$150	3%	$54
Travel	$75	1%	$9
Recurring bills	$75	4%	$36
Other purchases	$450	1%	$54

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$100

Potential first-year value with RateBuddy rebate $659

Get Neo’s $100 welcome bonus + your first year’s annual fee waived ($149 value), plus an exclusive $75 RateBuddy cash rebate! Conditions apply. Welcome offer ends Oct 12, 2026

Welcome bonus (up to): $100

RateBuddy rebate: $100

Get from RateBuddy$100

Get this offer View Offer Learn more

Ratebuddy Cash Rebate $50 RateBuddy rebate

Neo Financial

Secured Neo World Elite Mastercard

Featured

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value No current monetary welcome-offer estimate was included $0

Estimated rewards from spending Based on $1,500 in monthly spending $459

First-year annual fee Fee charged during the first year $149

Estimated first-year card value Welcome value + spending rewards − first-year fee $310

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	5%	$270
Dining	$300	1%	$36
Gas and transit	$150	3%	$54
Travel	$75	1%	$9
Recurring bills	$75	4%	$36
Other purchases	$450	1%	$54

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$50

Potential first-year value with RateBuddy rebate $360

Get from RateBuddy$50

Get this offer View Offer Learn more

Ratebuddy Cash Rebate $60 RateBuddy rebate

Scotiabank®

Scotia Momentum® No-Fee Visa* Card

Featured

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $100

Estimated rewards from spending Based on $1,500 in monthly spending $130.50

First-year annual fee No annual fee $0

Estimated first-year card value Welcome value + spending rewards − first-year fee $230.50

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1%	$54
Dining	$300	0.5%	$18
Gas and transit	$150	1%	$18
Travel	$75	0.5%	$4.50
Recurring bills	$75	1%	$9
Other purchases	$450	0.5%	$27

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$60

Potential first-year value with RateBuddy rebate $290.50

Earn 5% cash back for the first 3 months, get a 0.99% balance-transfer rate for 9 months and pay no annual fee.*

Details

Earn 5% cash back on the first $2,000 in eligible purchases during the first three months, for up to $100 in promotional cash back. Plus, get a 0.99% introductory interest rate on balance transfers for the first nine months. A 2% fee per cash advance applies, and the standard 22.99% cash-advance rate applies afterward. The annual fee is $0 for primary and supplementary cards. Eligibility restrictions and conditions apply.*

Welcome bonus (up to): $100

RateBuddy rebate: $60

Get from RateBuddy$60

Rebate ends Oct 31, 2026

Get this offer View Offer Learn more

Exclusive Ratebuddy Rebate $100 RateBuddy rebate

Scotiabank®
Scotiabank® Value® Visa* Card
Featured

Get 0% on balance transfers for 9 months and pay no annual fee in the first year.*

Details

Get a 0% promotional interest rate on eligible balance transfers for the first nine months, subject to a 1% balance-transfer fee. Plus, pay no annual fee during the first year. The standard annual fee is $29, supplementary cards have no annual fee, and the maximum balance-transfer amount is $49,999.99. Eligibility restrictions and conditions apply.*

Get from RateBuddy$100

Rebate ends Oct 31, 2026

Get this offer View Offer Learn more

Compare the Best Welcome Bonus Cards

Comparing cards based on the highest first-year promotional value.

featured

Get Exclusive Ratebuddy Cash Rebate: $100

Annual fee $149$0 First year waived

Purchase APR 19.99%

Cash advance 22.99%

Neo Financial

Best for Cash Back Travel Rewards Premium

Neo World Elite Mastercard

Best for Cash Back Travel Rewards Premium

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $100

Estimated rewards from spending Based on $1,500 in monthly spending $459

First-year annual fee $149 first-year fee waiver applied ~~$149~~ $0

Estimated first-year card value Welcome value + spending rewards − first-year fee $559

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	5%	$270
Dining	$300	1%	$36
Gas and transit	$150	3%	$54
Travel	$75	1%	$9
Recurring bills	$75	4%	$36
Other purchases	$450	1%	$54

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$100

Potential first-year value with RateBuddy rebate $659

Rewards program Cash Back

First year free

Get $100 Ratebuddy Cash Rebate

Get a $100 welcome bonus. Plus, pay no annual fee for the first year—a $149 value. That’s up to $249 in direct first-year value before cashback. Conditions apply. Expires Oct 12, 2026

Card highlights

Everyday Cash Back Airport Lounge Access Travel Medical Insurance First-Year Fee Waived World Elite Mastercard Benefits Car Rental Collision/Loss Damage Waiver

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $0 first year Then $149 annually

Purchase APR 19.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee 3% Foreign-currency purchases

Additional card fee $49 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Very Good

Minimum personal income $80,000

Minimum household income $150,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $150 Primary cardholder

Purchase APR 20.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR 22.99% When available

Foreign transaction fee 0% Foreign-currency purchases

Additional card fee $0 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $60,000

Minimum household income $100,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Get Ratebuddy Cash Rebate: $200

Scotiabank® Platinum American Express® Card

Annual fee $399

Purchase APR 9.99%

Cash advance 9.99%

Scotiabank®

Best for Travel Rewards Low Interest Premium

Scotiabank® Platinum American Express® Card

Best for Travel Rewards Low Interest Premium

RateBuddy 4.80

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $3,000

Estimated rewards from spending Based on $1,500 in monthly spending $0

First-year annual fee Fee charged during the first year $399

Estimated first-year card value Welcome value + spending rewards − first-year fee $2,601

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	0%	$0
Dining	$300	0%	$0
Gas and transit	$150	0%	$0
Travel	$75	0%	$0
Recurring bills	$75	0%	$0
Other purchases	$450	0%	$0

RateBuddy cash rebate This separate rebate is not included in the card value or ranking above. +$200

Potential first-year value with RateBuddy rebate $2,801

Estimate notes

No usable reward rate is configured, so spending rewards were not estimated.

Rewards program Scene+

Get $200 Ratebuddy Cash rebate Offer expires Oct 31, 2026

Earn up to $3,000 in value in the first 14 months, including up to 100,000 bonus Scene+ points.* Earn up to $3,000 in value during the first 14 months, including up to 100,000 bonus Scene+ points. Reaching the maximum advertised value and bonus-point amount is subject to applicable offer requirements, eligibility restrictions and conditions.*

View Offer Get $200 Rebate & Apply

Secure. Apply on Scotiabank®’s site.

Learn More

Card highlights

No Foreign Transaction Fees Airport Lounge Access Travel Medical Insurance Mobile Device Insurance Trip Cancellation/Interruption Insurance Extended Warranty Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $399 Primary cardholder

Purchase APR 9.99% Regular purchase rate

Cash advance APR 9.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee 0% Foreign-currency purchases

Additional card fee $99 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $12,000

Minimum household income —

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

TD Aeroplan Visa Infinite Privilege Credit Card

Annual fee $599

Purchase APR 21.99%

Cash advance 22.99%

TD Canada Trust

Best for Travel Rewards Premium Rewards

TD Aeroplan Visa Infinite Privilege Credit Card

Best for Travel Rewards Premium Rewards

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $3,000

Estimated rewards from spending Based on $1,500 in monthly spending $258.75

First-year annual fee Fee charged during the first year $599

Estimated first-year card value Welcome value + spending rewards − first-year fee $2,659.75

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1.5%	$81
Dining	$300	1.5%	$54
Gas and transit	$150	1.5%	$27
Travel	$75	2%	$18
Recurring bills	$75	1.25%	$11.25
Other purchases	$450	1.25%	$67.50

Rewards program Aeroplan

Metal card

Earn up to 85,000 Aeroplan points ($3,000 estimated value). Earn up to $3,000 in value, including up to 85,000 points. Get 20,000 points on first purchase. Earn an additional 35,000 points after spending $12,000 within 180 days. Earn an anniversary bonus of 30,000 points after spending $24,000 within 12 months.

Card highlights

Airport Lounge Access Travel Medical Insurance Free Checked bag Mobile Device Insurance Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $599 Primary cardholder

Purchase APR 21.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee $199 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $150,000

Minimum household income $200,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Scotiabank Passport® Visa Infinite Business* Card

Annual fee $199

Purchase APR 20.99%

Cash advance 22.99%

Scotiabank®

Best for Travel Rewards Business Premium

Scotiabank Passport® Visa Infinite Business* Card

Best for Travel Rewards Business Premium

RateBuddy 4.50

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $2,600

Estimated rewards from spending Based on $1,500 in monthly spending $0

First-year annual fee Fee charged during the first year $199

Estimated first-year card value Welcome value + spending rewards − first-year fee $2,401

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	0%	$0
Dining	$300	0%	$0
Gas and transit	$150	0%	$0
Travel	$75	0%	$0
Recurring bills	$75	0%	$0
Other purchases	$450	0%	$0

Estimate notes

No usable reward rate is configured, so spending rewards were not estimated.

Rewards program Scene+

Earn up to 40,000 bonus Scene+ points with qualifying spending, included in up to $2,600 in advertised first-year savings and reward value. Conditions apply. Open an eligible new account from May 1 to October 31, 2026. Earn 30,000 bonus Scene+ points after $5,000 in eligible purchases posts within three months, plus 10,000 after $60,000 posts within 12 months. Bonuses generally arrive within approximately eight weeks after qualification; the account must remain open and in good standing. Current Scotiabank business cardholders and those who held a primary or secondary business card within the previous two years are excluded. Terms and conditions apply. Expires Oct 31, 2026

Card highlights

No Foreign Transaction Fees Airport Lounge Access Travel Medical Insurance Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance Extended Warranty Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $199 Primary cardholder

Purchase APR 20.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR 22.99% When available

Foreign transaction fee 0% Foreign-currency purchases

Additional card fee $50 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $60,000

Minimum household income $100,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Annual fee $149$0 First year waived

Purchase APR 14.99%

Cash advance 22.99%

TD Canada Trust

Best for Travel Rewards Business Rewards

TD Aeroplan Visa Business Card

Best for Travel Rewards Business Rewards

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,900

Estimated rewards from spending Based on $1,500 in monthly spending $211.50

First-year annual fee $149 first-year fee waiver applied ~~$149~~ $0

Estimated first-year card value Welcome value + spending rewards − first-year fee $2,111.50

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1%	$54
Dining	$300	1.5%	$54
Gas and transit	$150	1%	$18
Travel	$75	2%	$18
Recurring bills	$75	1.5%	$13.50
Other purchases	$450	1%	$54

Rewards program Aeroplan

First year free

Earn up to 60,000 Aeroplan points + First-year fee waived for you and 2 employees. Earn up to $1,900 in value. 10,000 pts on first purchase; 30,000 pts after spending $15k in 180 days; 20,000 pts after spending $25k in 365 days. Plus, a first-year annual fee rebate for the Primary Business Cardholder and first two Additional Cardholders.

Card highlights

Travel Medical Insurance First-Year Fee Waived Free Checked bag Mobile Device Insurance Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $0 first year Then $149 annually

Purchase APR 14.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee $49 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income —

Minimum household income —

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Annual fee $599

Purchase APR 21.99%

Cash advance 21.99%

American Express(Canada)

Best for Travel Rewards Premium Rewards

American Express Aeroplan Reserve Card

Best for Travel Rewards Premium Rewards

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,700

Estimated rewards from spending Based on $1,500 in monthly spending $267.75

First-year annual fee Fee charged during the first year $599

Estimated first-year card value Welcome value + spending rewards − first-year fee $1,368.75

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1.25%	$67.50
Dining	$300	2%	$72
Gas and transit	$150	1.25%	$22.50
Travel	$75	3%	$27
Recurring bills	$75	1.25%	$11.25
Other purchases	$450	1.25%	$67.50

Rewards program Aeroplan

Metal card

Up to 85,000 Welcome Bonus Aeroplan points Enjoy Maple Leaf Lounge access, Annual Worldwide Companion Pass, and Priority Airport Services.

Card highlights

Airport Lounge Access Travel Medical Insurance Free Checked bag Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance Extended Warranty Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $599 Primary cardholder

Purchase APR 21.99% Regular purchase rate

Cash advance APR 21.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income —

Minimum household income —

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

CIBC Aeroplan Visa Infinite Privilege Card

Annual fee $599

Purchase APR 21.99%

Cash advance 22.99%

CIBC

Best for Travel Rewards Premium

CIBC Aeroplan Visa Infinite Privilege Card

Best for Travel Rewards Premium

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,600

Estimated rewards from spending Based on $1,500 in monthly spending $258.75

First-year annual fee Fee charged during the first year $599

Estimated first-year card value Welcome value + spending rewards − first-year fee $1,259.75

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1.5%	$81
Dining	$300	1.5%	$54
Gas and transit	$150	1.5%	$27
Travel	$75	2%	$18
Recurring bills	$75	1.25%	$11.25
Other purchases	$450	1.25%	$67.50

Rewards program Aeroplan

Apply and earn up to $3,200 in value, which includes up to 100,000 Aeroplan points!

Card highlights

Airport Lounge Access Travel Medical Insurance Mobile Device Insurance Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance Extended Warranty Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $599 Primary cardholder

Purchase APR 21.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $150,000

Minimum household income $200,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

Annual fee $399

Purchase APR 20.99%

Cash advance 22.99%

RBC Royal Bank

Best for Travel Rewards Premium

RBC Avion Visa Infinite Privilege

Best for Travel Rewards Premium

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,500

Estimated rewards from spending Based on $1,500 in monthly spending $225

First-year annual fee Fee charged during the first year $399

Estimated first-year card value Welcome value + spending rewards − first-year fee $1,326

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	1.25%	$67.50
Dining	$300	1.25%	$45
Gas and transit	$150	1.25%	$22.50
Travel	$75	1.25%	$11.25
Recurring bills	$75	1.25%	$11.25
Other purchases	$450	1.25%	$67.50

Rewards program Avion Rewards

Get up to 70,000 Avion points, that's a travel value of up to $1,500.

Card highlights

Airport Lounge Access Travel Medical Insurance Mobile Device Insurance Trip Cancellation/Interruption Insurance NEXUS Application Fee Rebate Baggage Delay/Loss Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $399 Primary cardholder

Purchase APR 20.99% Regular purchase rate

Cash advance APR 22.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee $99 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income —

Minimum household income $200,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

BMO eclipse Visa Infinite Privilege Card

Annual fee $599

Purchase APR 21.99%

Cash advance 23.99%

BMO Bank of Montreal

Best for Travel Rewards Balance Transfer Premium

BMO eclipse Visa Infinite Privilege Card

Best for Travel Rewards Balance Transfer Premium

How RateBuddy estimates this value A transparent first-year snapshot

Welcome-offer value Advertised value estimate, subject to eligibility and provider requirements $1,500

Estimated rewards from spending Based on $1,500 in monthly spending $648

First-year annual fee Fee charged during the first year $599

Estimated first-year card value Welcome value + spending rewards − first-year fee $1,549

View spending and reward-rate details

Spending category	Monthly spend	Rate	Annual value
Groceries	$450	5%	$270
Dining	$300	5%	$180
Gas and transit	$150	5%	$90
Travel	$75	5%	$45
Recurring bills	$75	1%	$9
Other purchases	$450	1%	$54

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).

Card highlights

Airport Lounge Access Travel Medical Insurance Mobile Device Insurance Car Rental Collision/Loss Damage Waiver Trip Cancellation/Interruption Insurance Extended Warranty Insurance

Card essentials

Rates, fees and requirements

The important numbers, organized so they are easy to scan and compare.

Annual fee $599 Primary cardholder

Purchase APR 21.99% Regular purchase rate

Cash advance APR 23.99% Cash transaction rate

Balance transfer APR — When available

Foreign transaction fee — Foreign-currency purchases

Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —

Minimum personal income $150,000

Minimum household income $200,000

Approval, rates and credit limits are determined by the card provider.

View Terms & Conditions

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Wallet Optimization

Maximize Your Potential

Why use a generic card? Choosing a card that aligns with your spending habits could help you earn more value over time.

Daily Spending

Cash Back on Essentials

Many cards offer higher earn rates on daily categories like groceries and gas. Maximize your return on money you already spend.

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Travel & Points

Turn your purchases into flights or hotels. Look for cards with flexible redemption options or airline-specific benefits.

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Budget Friendly

No Annual Fee Rewards

You don’t always need to pay a fee to earn points. Discover cards that offer rewards value with $0 annual cost.

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Intro Offers

Welcome Bonuses

Many issuers offer introductory bonuses for new applicants. Check the terms to see if you qualify for extra points.

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RateBuddy

Math. Not Marketing.

We calculate the true value to save you every penny.

Data-Driven Logic

Rankings based on hard numbers (fees vs rewards), not advertising budgets.

100% Unbiased

We highlight the "gotchas" and fees just as clearly as the perks.

Direct & Secure

No data harvesting. We send you straight to the bank's secure official site.

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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Frequently Asked Questions

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Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.

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.

In Canada, you will often see AIR (Annual Interest Rate) used. It represents the yearly cost of borrowing on the card. Standard cards typically have purchase interest rates around 20.99%, while Low Interest cards can be significantly lower. Cash advances often carry higher interest rates than purchases.

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.

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.

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