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The Best Canadian Credit Cards

Finding the best credit cards in Canada

It’s no secret – you’re looking for something stable, flexible, reliable and of course, something that supports you and your spending habits. It’s true, finding the best credit card sounds a lot like finding the perfect partner – and every so often, it can be overwhelming.

Similar to dating, finding the best credit card in Canada can take time – especially if you aren’t exactly sure what’s important to you as a consumer. The best credit card for you may not be the first option you see on the market, so take your time, learn about the options and ask yourself what you want out of a potential credit card.

If you’re in the market for a new credit card or just simply want to compare how your current card stacks up to Canada’s top credit cards, check out RateSupermarket.ca’s comparison tool today.

Credit Card Essentials

While no two credit cards offer identical benefits and rates, they do make spending easy.

When you make a purchase with your credit card, you use a portion of your credit limit and when it hits your account it’s referred to as your credit card balance. Once you make a payment toward your balance, more credit is made available to you.

In order to avoid late-payment penalties on your credit card balance, you must pay a minimum payment by a certain date each month. Even though you have the option to pay down your credit card balance in installments, we recommend you pay off your balance in full every month. If you only pay the minimum month-to-month, you may accrue hundreds of dollars in avoidable fees over the course of the year.

Our Best Picks for 2018

Shopping for a new card? See how much you could be earning and saving with RateSupermarket.ca's 2018 Best of Finance picks.

Best Rewards Card Scotia Momentum<sup>®</sup> Visa Infinite* Card Scotia Momentum® Visa Infinite* Card
Best Rewards Card with No Fee MBNA Rewards Platinum Plus<sup>®</sup> Mastercard<sup>®</sup> MBNA Rewards Platinum Plus® Mastercard®
Best Card for Carrying a Balance American Express Essential<sup>™</sup> Credit Card American Express Essential Credit Card
Best Card for Balance Transfers American Express Essential<sup>™</sup> Credit Card American Express Essential Credit Card
Best Card for Building Credit Home Trust Secured Visa Card Home Trust Secured Visa Card
Fan Favourite for Best Credit Card President’s Choice Financial<sup>®</sup> Mastercard<sup>®</sup> President’s Choice Financial® Mastercard®
Best Card for Students SCENE<sup>®*</sup> VISA* Card SCENE®* VISA* Card
Best Card with Travel Perks Scotiabank<sup>®</sup>* Gold American Express<sup>®</sup> Card Scotiabank®* Gold American Express® Card
Best Card for Groceries President’s Choice Financial<sup>®</sup> Mastercard<sup>®</sup> President’s Choice Financial® Mastercard®
Best Gas Rewards Card with No Fee Scotia Momentum<sup>®</sup> Visa Infinite* Card Scotia Momentum® Visa Infinite* Card
Best Store Card President’s Choice Financial<sup>®</sup> World Elite Mastercard<sup>®</sup> President’s Choice Financial® World Elite Mastercard®

Want to learn more about Canada's best finance products? Check out our full list of 2018 Best of Finance winners »

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MoneyWise is the official news magazine of RateSupermarket.ca. Looking to learn about Canadian finances? You've come to the right place.