RateBuddy Your Canadian credit card guide October 2026

Credit cards.
A clearer choice.

  • Fact checked
  • Fees & rewards
  • Spending-based estimates

Compare Canadian credit cards by rewards, fees and the way you spend. Explore welcome offers, understand the conditions and find a card that makes sense for your everyday life.

On this page

RateBuddyOFFERS AT A GLANCE

Featured Credit Card Offers of October 2026

  • Limited Time: Get RateBuddy Cash Rebate Previous rebate $150 Now $200 RateBuddy rebate

    Earn 15% cash back for the first 3 months, get 0% on balance transfers for 12 months, plus get the first-year annual fee waived.*. Welcome offer ends

    Welcome bonus (up to)
    $300
    RateBuddy rebate
    $200

    Get from RateBuddyPrevious rebate $150 Now $200

    Rebate ends

  • Get Ratebuddy Cash Rebate $200 RateBuddy rebate

    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

  • Get Exclusive Ratebuddy Cash Rebate $100 RateBuddy rebate
    Neo World Elite Mastercard credit card
    Neo Financial

    Neo World Elite Mastercard

    Featured

    Get Neo’s $100 welcome bonus + Get Exclusive RateBuddy cash rebate $100! Conditions apply.

    Welcome bonus (up to)
    $100
    RateBuddy rebate
    $100
  • Get Ratebuddy Cash Rebate $200 RateBuddy rebate

    Earn up to $3,000 in value in the first 14 months, including up to 100,000 bonus Scene+ points.*

    Welcome bonus (up to)
    $3,000
    RateBuddy rebate
    $200

    Get from RateBuddy$200

    Rebate ends

  • Get Ratebuddy Cash Rebate $150 RateBuddy rebate

    Earn up to 80,000 bonus Scene+ points in your first 14 months—that’s up to $800 in value.*

    Welcome bonus (up to)
    $800
    RateBuddy rebate
    $150

    Get from RateBuddy$150

    Rebate ends

  • Get Ratebuddy Cash Rebate $75 RateBuddy rebate

    Earn up to 25,000 MileagePlus miles (5,000 miles on card activation and first transaction and 15,000 miles when you spend $3,000 net of refunds within 3 months of application)

    Welcome bonus (up to)
    $375
    RateBuddy rebate
    $75

    Get from RateBuddy$75

    Rebate ends

A clearer way to compare

The best card is personal. The details matter.

A bonus can catch your attention. The everyday value is what deserves a closer look.

  1. Start with your spending

    Look at where your money goes—groceries, gas, bills, dining or travel. Compare the reward categories, earning caps and ways you can use the rewards.

  2. Put the costs beside the perks

    Consider annual fees, interest rates and the benefits you expect to use. Treat spending-based estimates as a comparison tool, then review the card’s terms.

  3. Read the offer requirements

    Check the welcome bonus, required spending, eligibility and expiry. If a RateBuddy rebate is available, review its separate claim instructions too.

A little extra for your wallet

Available RateBuddy cash rebates are separate from the issuer’s welcome offer. We may earn a commission through our links and share part of it through eligible rebate offers. Review the offer and claim terms before applying.

A closer look

Compare cards, category by category

Review the cards below, then open a category for its full selection, spending estimates and filters.

Open the card finder

Travel Rewards Cards

Top Picks
View All Travel Rewards Cards
No credit score requirement. Instant approval and access to virtual card to start using immediately
Ratebuddy Cash Rebate: $50
Secured Neo World Elite Mastercard
Annual fee $149
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Travel Rewards Secured Cards
Secured Neo World Elite Mastercard
Best for Cash Back Travel Rewards Secured Cards
Rewards program Cash Back
Get $50 Ratebuddy Cash Rebate
The Secured Neo World Elite® Mastercard lets you grow your credit history while unlocking premium perks and elevated cashback on your everyday spend.

Card essentials

Rates, fees and requirements

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

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 Poor
Minimum personal income $80,000
Minimum household income $150,000

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

Best no annual-fee cashback card in Canada*
Ratebuddy Cash Rebate: $75
Neo World Mastercard
Annual fee $0
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Travel Rewards No Annual Fee
Neo World Mastercard
Best for Cash Back Travel Rewards No Annual Fee
Rewards program Cash Back
Get $75 Ratebuddy Cash Rebate
The Neo World Mastercard® is designed to elevate your everyday spending with the best no annual-fee cashback card in Canada*

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Good
Minimum personal income $50,000
Minimum household income $80,000

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

Rewards Cards

Top Picks
View All Rewards Cards
Get a $100 Welcome Bonus from Neo + Ratebuddy Cash Rebate $100
Get Exclusive Ratebuddy Cash Rebate: $100
Neo World Elite Mastercard
Annual fee $149
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
Rewards program Cash Back
Get $100 Ratebuddy Cash Rebate
Get a $100 welcome bonus + Ratebuddy Cash Rebate $100. Conditions apply.

Card essentials

Rates, fees and requirements

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

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.

Our Choice: Best for Everyday Rewards
Annual fee $144
Purchase APR 0%
KOHO
Best for Cash Back Low Interest Student
KOHO Extra Prepaid Mastercard®
Best for Cash Back Low Interest Student
Rewards program Cash Back

Card essentials

Rates, fees and requirements

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

Purchase APR 0% Regular purchase rate
Cash advance APR — Cash transaction rate
Balance transfer APR — When available
Foreign transaction fee 0% Foreign-currency purchases
Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

Premium / High-End Cards

Top Picks
View All Premium / High-End Cards
Get a $100 Welcome Bonus from Neo + Ratebuddy Cash Rebate $100
Get Exclusive Ratebuddy Cash Rebate: $100
Neo World Elite Mastercard
Annual fee $149
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
Rewards program Cash Back
Get $100 Ratebuddy Cash Rebate
Get a $100 welcome bonus + Ratebuddy Cash Rebate $100. Conditions apply.

Card essentials

Rates, fees and requirements

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

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.

Annual fee $150$0 First year waived
Purchase APR 21.99%
Cash advance 23.99%
BMO Bank of Montreal
Best for Travel Rewards Balance Transfer Premium
BMO Ascend World Elite Mastercard
Best for Travel Rewards Balance Transfer Premium
First year free
Up to $1,600 in value
Balance transfer: 0% Balance Transfer for 12 months (2% transfer fee).

Card essentials

Rates, fees and requirements

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

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 $80,000
Minimum household income $150,000

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

Student Cards

Top Picks
View All Student Cards
Our Choice: Best for Everyday Rewards
Annual fee $144
Purchase APR 0%
KOHO
Best for Cash Back Low Interest Student
KOHO Extra Prepaid Mastercard®
Best for Cash Back Low Interest Student
Rewards program Cash Back

Card essentials

Rates, fees and requirements

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

Purchase APR 0% Regular purchase rate
Cash advance APR — Cash transaction rate
Balance transfer APR — When available
Foreign transaction fee 0% Foreign-currency purchases
Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

No credit score needed to apply. Guaranteed, instant approval*
Ratebuddy Cash Rebate: $50
Secured Neo World Mastercard
Annual fee $120
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Student Secured Cards
Secured Neo World Mastercard
Best for Cash Back Student Secured Cards
Rewards program Cash Back
Get $50 Ratebuddy Cash Rebate
The Secured Neo World Mastercard® is designed to help you grow your credit history and reward you with elevated cashback on every purchase.

Card essentials

Rates, fees and requirements

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

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 — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income $50,000
Minimum household income $80,000

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

No Annual Fee Cards

Top Picks
View All No Annual Fee Cards
Best no annual-fee cashback card in Canada*
Ratebuddy Cash Rebate: $75
Neo World Mastercard
Annual fee $0
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Travel Rewards No Annual Fee
Neo World Mastercard
Best for Cash Back Travel Rewards No Annual Fee
Rewards program Cash Back
Get $75 Ratebuddy Cash Rebate
The Neo World Mastercard® is designed to elevate your everyday spending with the best no annual-fee cashback card in Canada*

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Good
Minimum personal income $50,000
Minimum household income $80,000

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

Guaranteed, instant approvals*. Access to virtual credit card immediately
Ratebuddy Cash Rebate: $25
Neo Mastercard
Annual fee $0
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Low Interest No Annual Fee
Neo Mastercard
Best for Cash Back Low Interest No Annual Fee
Rewards program Cash Back
Get $25 Ratebuddy Cash Rebate
Start today with the Neo Mastercard and get approved instantly. We’ll help you build your credit and borrow better. Canada’s first card designed to grow with you.

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Fair
Minimum personal income —
Minimum household income —

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

Cash Back Cards

Top Picks
View All Cash Back Cards
Our Choice: Best Prepaid Card
Annual fee $177
Purchase APR 0%
KOHO
Best for Cash Back Low Interest Secured Cards
KOHO Everything Prepaid Mastercard®
Best for Cash Back Low Interest Secured Cards
Rewards program Cash Back

Card essentials

Rates, fees and requirements

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

Purchase APR 0% Regular purchase rate
Cash advance APR — Cash transaction rate
Balance transfer APR — When available
Foreign transaction fee 0% Foreign-currency purchases
Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

Guaranteed, instant approval* with access to your virtual card to start using immediately
Ratebuddy Cash Rebate: $20
Secured Neo Mastercard
Annual fee $120
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Student Secured Cards
Secured Neo Mastercard
Best for Cash Back Student Secured Cards
Rewards program Cash Back
Get $20 Ratebuddy Cash Rebate
Start building with Canada’s first credit card designed to grow with you. Guaranteed, instant approval whether you’re just starting out, or looking to build or rebuild your credit.

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

Low Interest Cards

Top Picks
View All Low Interest Cards
Our Choice: Best Prepaid Card
Annual fee $177
Purchase APR 0%
KOHO
Best for Cash Back Low Interest Secured Cards
KOHO Everything Prepaid Mastercard®
Best for Cash Back Low Interest Secured Cards
Rewards program Cash Back

Card essentials

Rates, fees and requirements

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

Purchase APR 0% Regular purchase rate
Cash advance APR — Cash transaction rate
Balance transfer APR — When available
Foreign transaction fee 0% Foreign-currency purchases
Additional card fee — Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

Guaranteed, instant approvals*. Access to virtual credit card immediately
Ratebuddy Cash Rebate: $25
Neo Mastercard
Annual fee $0
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Low Interest No Annual Fee
Neo Mastercard
Best for Cash Back Low Interest No Annual Fee
Rewards program Cash Back
Get $25 Ratebuddy Cash Rebate
Start today with the Neo Mastercard and get approved instantly. We’ll help you build your credit and borrow better. Canada’s first card designed to grow with you.

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Fair
Minimum personal income —
Minimum household income —

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

US Dollar Cards

Top Picks
View All US Dollar Cards
Annual fee $35$0 First year waived
Purchase APR 21.99%
Cash advance 22.99%
CIBC
Best for Travel Rewards US Dollar Cards
CIBC U.S. Dollar Aventura Gold Visa Card
Best for Travel Rewards US Dollar Cards
Rewards program Aventura
First year free
Earn up to 2,500 Aventura points and get an annual fee rebate for the first year.

Card essentials

Rates, fees and requirements

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

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 —
Minimum household income $15,000

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

Annual fee $39
Purchase APR 21.99%
Cash advance 22.99%
TD Canada Trust
Best for Travel Rewards US Dollar Cards
TD U.S. Dollar Visa Card
Best for Travel Rewards US Dollar Cards

Card essentials

Rates, fees and requirements

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

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 $0 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.

Balance Transfer Cards

Top Picks
View All Balance Transfer Cards
Annual fee $150$0 First year waived
Purchase APR 21.99%
Cash advance 23.99%
BMO Bank of Montreal
Best for Travel Rewards Balance Transfer Premium
BMO Ascend World Elite Mastercard
Best for Travel Rewards Balance Transfer Premium
First year free
Up to $1,600 in value
Balance transfer: 0% Balance Transfer for 12 months (2% transfer fee).

Card essentials

Rates, fees and requirements

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

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 $80,000
Minimum household income $150,000

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

Annual fee $130
Purchase APR 20.90%
Cash advance 21.90%
Desjardins Group
Best for Travel Rewards Balance Transfer
Odyssey® World Elite® Mastercard®
Best for Travel Rewards Balance Transfer

Card essentials

Rates, fees and requirements

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

Purchase APR 20.90% Regular purchase rate
Cash advance APR 21.90% Cash transaction rate
Balance transfer APR — When available
Foreign transaction fee — Foreign-currency purchases
Additional card fee $40 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score —
Minimum personal income $80,000
Minimum household income $150,000

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

Secured Cards

Top Picks
View All Secured Cards
Guaranteed, instant approval* with access to your virtual card to start using immediately
Ratebuddy Cash Rebate: $20
Secured Neo Mastercard
Annual fee $120
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Student Secured Cards
Secured Neo Mastercard
Best for Cash Back Student Secured Cards
Rewards program Cash Back
Get $20 Ratebuddy Cash Rebate
Start building with Canada’s first credit card designed to grow with you. Guaranteed, instant approval whether you’re just starting out, or looking to build or rebuild your credit.

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Poor
Minimum personal income —
Minimum household income —

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

No credit score requirement. Instant approval and access to virtual card to start using immediately
Ratebuddy Cash Rebate: $50
Secured Neo World Elite Mastercard
Annual fee $149
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Travel Rewards Secured Cards
Secured Neo World Elite Mastercard
Best for Cash Back Travel Rewards Secured Cards
Rewards program Cash Back
Get $50 Ratebuddy Cash Rebate
The Secured Neo World Elite® Mastercard lets you grow your credit history while unlocking premium perks and elevated cashback on your everyday spend.

Card essentials

Rates, fees and requirements

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

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 Poor
Minimum personal income $80,000
Minimum household income $150,000

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

Newcomer / New to Canada Cards

Top Picks
View All Newcomer / New to Canada Cards
Guaranteed, instant approvals*. Access to virtual credit card immediately
Ratebuddy Cash Rebate: $25
Neo Mastercard
Annual fee $0
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Low Interest No Annual Fee
Neo Mastercard
Best for Cash Back Low Interest No Annual Fee
Rewards program Cash Back
Get $25 Ratebuddy Cash Rebate
Start today with the Neo Mastercard and get approved instantly. We’ll help you build your credit and borrow better. Canada’s first card designed to grow with you.

Card essentials

Rates, fees and requirements

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

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 $10 Supplementary cardholder

Before you apply

Eligibility snapshot

Recommended credit score Fair
Minimum personal income —
Minimum household income —

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

No credit score requirement. Instant approval and access to virtual card to start using immediately
Ratebuddy Cash Rebate: $50
Secured Neo World Elite Mastercard
Annual fee $149
Purchase APR 19.99%
Cash advance 22.99%
Neo Financial
Best for Cash Back Travel Rewards Secured Cards
Secured Neo World Elite Mastercard
Best for Cash Back Travel Rewards Secured Cards
Rewards program Cash Back
Get $50 Ratebuddy Cash Rebate
The Secured Neo World Elite® Mastercard lets you grow your credit history while unlocking premium perks and elevated cashback on your everyday spend.

Card essentials

Rates, fees and requirements

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

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 Poor
Minimum personal income $80,000
Minimum household income $150,000

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

Business Cards

Top Picks
View All Business Cards
Annual fee $0
Purchase APR 20.75%
Cash advance 22.49%
CIBC
Best for Cash Back No Annual Fee Business
CIBC Costco Business Mastercard
Best for Cash Back No Annual Fee Business
Rewards program Cash Back
$100 Statement Credit Welcome Bonus. Earn a $100 statement credit when you spend $3,000 or more within the first 120 days of account opening.

Card essentials

Rates, fees and requirements

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

Purchase APR 20.75% Regular purchase rate
Cash advance APR 22.49% 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 $15,000
Minimum household income —

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

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
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 essentials

Rates, fees and requirements

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

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.

Your Guide to Smarter Credit

Three expert tips to help you choose the right card and maximize its value.

Know Your Score

Your credit score is the most important factor for approval. Check it for free before you apply to see which cards you're likely to qualify for and avoid unnecessary rejections.

Calculate the Welcome Bonus

Look beyond the headline points offer. A $600 travel value minus a $150 annual fee gives you a true first-year value of $450. Do the math to find the real winner.

Plan for Year Two

A waived first-year fee is tempting, but make sure the card's ongoing benefits (like insurance or reward rates) will outweigh the annual fee when it comes due next year.

Run the numbers

Could a balance transfer lower your costs?

Compare your current interest rate with a promotional rate, its duration and transfer fee to estimate the difference.

Explore calculators

Transfer Details

Enter your numbers to calculate your true savings.

$
%

%
Months
%
Potential 12-Month Savings
$850
Old Card Interest
$1,000
New Offer Cost
$150
Your savings are the difference between your old card's interest and the new offer's total cost (fee + new interest).
Compare 0% Cards

Your Credit Card Clarity Hub

Get clear, professional answers to the top 10 questions about credit cards in Canada.

How do rewards work?

Credit card rewards come in three main types: cash back, points, and travel miles. Cash back is the simplest—you get a percentage of your spending back as a statement credit or direct deposit. Points and miles are earned on every dollar you spend and can be redeemed for flights, hotels, merchandise, or gift cards through the card's reward portal. The key is to pick a card that rewards you most for the things you already buy.

Key Takeaway
Match the card's reward type (cash back, travel, points) to your primary spending habits to maximize value.

Is an annual fee worth it?

An annual fee is only worth it if the value you get from the card's benefits is greater than the fee itself. A premium card might have a $120 fee but offer airport lounge access (worth $50/visit), a free checked bag (worth $30/flight), and excellent travel insurance (worth hundreds). If you use these perks, the fee can be a bargain. If you don't, a no-fee card is a smarter choice.

Key Takeaway
Do the math! If the dollar value of the perks you'll actually use exceeds the annual fee, it's worth it.

What is APR?

APR stands for Annual Percentage Rate. It's the interest you're charged if you carry a balance on your card from one month to the next. If you pay your bill in full and on time every month, the APR doesn't affect you. If you do carry a balance, a card with a lower APR can save you a significant amount of money in interest charges.

Key Takeaway
If you always pay your balance in full, APR doesn't matter. If you don't, a low APR is critical.

How does my credit score matter?

Your credit score is the single most important factor lenders use to decide whether to approve your application. A higher score (typically 680+) signals to banks that you are a reliable borrower, giving you access to the best cards with the best rewards and lowest interest rates. A lower score may limit you to basic or secured cards while you build up your credit history.

Key Takeaway
A higher credit score unlocks better cards and lower interest rates. It's your financial report card.

Visa vs. Mastercard vs. Amex?

Visa and Mastercard are payment networks, not card issuers. They are accepted almost everywhere worldwide. American Express (Amex) is both a network and a card issuer. Amex often provides premium perks and exceptional customer service, but may be accepted at slightly fewer merchants than Visa or Mastercard. For most people, the choice between Visa and Mastercard doesn't matter as much as the features of the specific card itself.

Key Takeaway
Focus on the bank and card features (rewards, fees) first; the payment network (Visa/MC) is less critical for most users.

How many cards should I have?

There's no magic number. Many Canadians benefit from having two or three cards. For example, one Visa or Mastercard for everyday purchases, and a separate Amex to maximize rewards on specific categories like dining or travel. Having more than one card can help you optimize rewards and build a stronger credit file, as long as you manage them responsibly and always pay on time.

Key Takeaway
Using 2-3 different cards strategically can maximize your rewards across different spending categories.

What is a balance transfer?

A balance transfer allows you to move high-interest debt from one credit card to another card with a much lower promotional interest rate (often 0%) for a set period, like 6 or 12 months. It's a powerful tool to pay off debt faster because more of your payment goes towards the principal instead of interest. Just be aware of the one-time transfer fee, which is typically 1-3% of the amount you transfer.

Key Takeaway
It's a debt consolidation tool. Use a 0% promotional period to aggressively pay down principal.

Do I need travel insurance?

Comprehensive travel insurance is a must-have for any trip, and many premium credit cards include it as a built-in perk. This can include emergency medical coverage, trip cancellation, flight delay, and lost baggage insurance. This benefit alone can often be worth more than the card's annual fee, saving you from having to buy a separate policy for every trip.

Key Takeaway
Yes. Using a credit card with built-in, comprehensive travel insurance can save you hundreds per trip.

What are no foreign transaction fees?

Most credit cards charge a fee of 2.5% on all purchases made in a foreign currency. A card with no foreign transaction (FX) fees waives this charge, making it the best choice for international travel or online shopping from foreign websites. This feature can save you $25 for every $1,000 you spend abroad.

Key Takeaway
An essential feature for travellers and international online shoppers to avoid the common 2.5% surcharge.

How can I build credit?

Using a credit card responsibly is one of the best ways to build a strong credit history. Start with a student card or a secured card if you're new to credit. The two most important rules are: 1. Pay your bill on time, every time. 2. Keep your balance low (ideally below 30% of your credit limit). Consistently following these rules will build a positive history and increase your score over time.

Key Takeaway
Always pay on time and keep your credit utilization below 30%. These are the two golden rules.
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