Credit Cards

Below are the top credit cards in the Canadian marketplace for the purposes of earning points and maximizing rewards.

Compare Credit Cards

1 – 12 of 98 Cards
First-Year Value
First-Year Annual Fee
Required Spend
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Household Income


Scotiabank Passport® Visa Infinite Business* Card
40,000 Scene+ points

$176 first-year value
  • First Year fee waived
  • No foreign transaction fees
  • Six Priority Pass lounge visits per year
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American Express Gold Rewards Card
70,000 MR points

$1,676 first-year value
  • $150 net annual fee
  • Plaza Premium Lounge passes
  • NEXUS credit
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Business Platinum Card from American Express
120,000 MR points

$1,574 first-year value
  • $799 annual fee
  • Unlimited Priority Pass lounge access
  • $200 annual travel credit
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American Express Business Gold Rewards Card
75,000 MR points

$1,561 first-year value
  • $199 annual fee
  • Additional 10,000 MR Quarterly Purchase Bonus
  • Airline & hotel partners
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American Express Business Edge Card
Up to 77,000 MR points

$1,419 first-year value
  • $99 annual fee
  • 3x MR points on office supplies, electronics, rides & gas, and eats & drinks
  • Transfer to hotel partners
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American Express Platinum Card
100,000 MR points

$1,361 first-year value
  • $200 annual travel credit
  • Unlimited Priority Pass lounge access
  • Airline & hotel partners
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American Express Aeroplan Business Reserve Card
95,000 Aeroplan points

$1,147 first-year value
  • $599 annual fee
  • Unlimited Maple Leaf Lounge access in North America
  • 3x points on Air Canada flights and vacations
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RBC® British Airways Visa Infinite†
60,000 Avios†

$899 first-year value
  • $165 annual fee†
  • 3x points on British Airways†
  • Companion award voucher upon $30,000 spend†
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American Express Aeroplan Reserve Card
85,000 Aeroplan points

$858 first-year value
  • $599 annual fee
  • Unlimited Air Canada Maple Leaf Lounge access in North America
  • 3x points on Air Canada flights and vacations
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CIBC Aeroplan® Visa Infinite Privilege* Card
Up to 80,000 Aeroplan points

$845 first-year value
  • Maple Leaf Lounge access within North America†
  • Six complimentary DragonPass visits†
  • Priority check-in & boarding with Air Canada†
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RBC® Avion Visa Infinite Privilege†
Up to 70,000 RBC Avion points†

$821 first-year value
  • $399 annual fee†
  • Six DragonPass lounge visits†
  • Redeem points at 2cpp for premium flights†
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CIBC Aeroplan® Visa Infinite* Card
Up to 50,000 Aeroplan points†

$756 first-year value
  • Up to 50,000 Aeroplan points†
  • 1.5x points on gas and groceries†
  • Free first checked bag on Air Canada†
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CIBC Aeroplan® Visa* Business Card
Up to 60,000 Aeroplan points†

$714 first-year value
  • Up to 60,000 Aeroplan points†
  • 1.5x points on gas and travel†
  • Select perks on Aeroplan rewards on Air Canada†
Learn More

About Our Credit Cards

Credit cards can be intimidating to the uninitiated. There’s a prevailing mythology that credit cards are too complicated, not worth it for the rewards, or bad for your financial well-being.

As a result, a lot of the public discussion on credit cards revolves around how and why not to use them. How you can benefit from credit cards is a mere afterthought.

You may have noticed that we do things a little differently here at Prince of Travel. There are immense gains to be had by leveraging the power of the best credit cards. We’ve identified how to do so, and we’re here to share our approach with you.

We don’t rank credit cards by calculating points earned from your monthly budget for each spending category, because that’s not an efficient way to maximize your rewards quickly. Those amounts are too inconsistent to make a meaningful difference, and you’ll earn way more rewards by focusing on the big picture instead.

We don’t rank credit cards by their interest rates, because you should never be carrying a balance from month to month. Compound interest rates on debt will annihilate your rewards faster than you can earn them. If you can’t pay your balance in full every month, you’d be better off forgoing rewards entirely and using a debit card instead.

We don’t rank credit cards by how easy it is to get approved, because there are so many unknown variables that make up each bank’s individual algorithm. Besides, the credit score you can see isn’t the one that the bank uses – it’s more of a general guide to indicate that you’re on track with a healthy credit file.

Instead, we’ve broken down the best credit cards in Canada and organized them by the features we use to determine if the rewards are worthwhile.

First and foremost, we look at the net value you can expect to earn when you apply for the card. The cards with the most valuable bonuses will help you earn rewards fastest. Our calculation includes the welcome bonus points, their value, the regular points you’ll earn on spending as you satisfy the conditions to meet the welcome bonus, and any annual fees or credits.

We only consider what you’d pay and earn in your first year with the card. This is where the strongest value proposition lies, as the bulk of your rewards will come from the signup bonus more often than not. A year down the road, you can determine if the card is continuing to give you enough value to justify the cost of keeping it.

The only subjective element here is how we value each rewards currency. As actual redemption values may vary, these aren’t an average, but rather a baseline. Based on our experience with each rewards program, we recommend that you always try to redeem your rewards at a “cents per point” rate higher than our valuations, and we consider those rates to be very achievable in the vast majority of situations.

You’ll also notice that some credit cards offer “up to” a certain amount of points. Those cards have a welcome bonus that comes in two or more parts upon meeting different conditions, but we consider part of it to be unrealistic or inadvisable for most people to try to earn. Any mention of “up to” indicates the maximum achievable bonus, but our sorting and filtering options only measure what you’d earn by reaching our recommended spend threshold, which may be lower. You can read more details on each credit card’s page.

If you’re less concerned about speed, and more concerned about keeping your upfront costs down, you can sort and filter by the first-year annual fee. Many good cards have an annual fee waiver for the first year, so you can still earn a solid bonus at no cost. However, even many cards with an annual fee are worth it – our first-year values do incorporate the costs of having the card, and you may be surprised to find that many of the cards with the highest annual fees actually have the highest value for you!

If you’re a low spender, you can sort and filter by the spending requirement. Many good cards have a minimum spending requirement that you must meet in order to earn the welcome bonus. If you won’t be able to reach that threshold, you should instead consider cards with more achievable targets for your cashflow.

We’ve also added options to filter by bank and by rewards program, so that you can tailor the list of credit cards to your goals. You can read more about each loyalty program to see how they might meet your needs.

Because we know that you, like us, are value-hunters and dream-chasers, we strive to always provide the best available offer to you. Our affiliate partnerships have no bearing on our rankings, reviews, and valuations, all of which we update on a regular basis.

If you want to learn more about overall credit card strategy, feel free to browse our Best Credit Cards lists. These aren’t definitive rankings, rather a broad collection of ideas as you consider the finer details that separate one card from another.

Whether you’re looking for travel points or cash back, flights or hotels, domestic economy or round-the-world in First Class, we hope that you’ll find ways to put your credit cards to work to reach your goals faster than you thought possible, and perhaps even set the bar higher than you’d ever imagined!