Choosing credit cards in Canada can often create analysis paralysis because there are so many options out there. From cash back credit cards, to low interest rates, travel rewards, etc. It can be overwhelming to try and pick the perfect card for you. Not to worry, we combed through the credit cards offered in Canada to find you the crème de la crème of credit cards and ensure you get the best bang for your buck
Category | Card |
|---|---|
Best Travel Rewards Card | TD® First Class Travel® Visa Infinite Card |
Best CashBack Card | Tangerine Money-Back Card |
Best Rewards for Everyday Spending | American Express Cobalt Card |
Best Rewards for Students | ScotiaBank Scene Visa Card |
Best Travel Rewards Card
TD® First Class Travel® Visa Infinite Card
Best Travel Rewards Card-
Credit score: Good to Excellent
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Minimum personal income: $60000
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Annual Fees: $120 (First year free)
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Interest Rate: 19.99% on purchases
Details
In the market for travel rewards card, the TD® First Class Travel® Visa Infinite Card is a clear winner. Users earn 9 TD Points per $1 on travel booked online through the ExpediaforTD website and 3 TD Points per $1 on everyday purchases. It comes with discounts ranging from 5-10% on Avis and Budget rentals, concierge services. In addition to this it comes with travel insurance benefits, from medical to travel accident insurance.
Why we love it: Rewards can be applied to any travel expense, not just flights
Best CashBack Card
Tangerine
Money-Back Card
Best CashBack Card
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Credit score: Fair to Good
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Minimum personal income: $12000
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No Annual Fees
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Interest Rate: 19..95%
Details
Card holders earn 2% Money-Back Rewards on everyday purchases in two 2% Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other everyday purchases. The cash back rewards are paid monthly and can be added to your account or used to pay off your balance. Being a MasterCard, users also have all the MasterCard perks such as use all over the world.
Why we love it: Card holders get to choose the categories they want to earn 2% cash back in.
Best Rewards for Everyday Spending
American Express Cobalt™ Card
Best Rewards for Everyday Spending-
Credit score: Fair to Good
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Minimum personal income: $60000
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Annual Fees: $120 (First year free)
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Interest Rate: 19.99% on purchases
This post first appeared on 8 Stepping Stones: Personal Finance Tips Of All Time, please read the originial post: here
