RateHub.ca's Best Credit Cards in Canada

It’s easy to find the best credit cards in Canada by using RateHub.ca’s credit card comparison chart. By selecting your monthly spending and preferences, we’ll match you with the best credit cards for your needs. Once you’ve picked the card you want, we’ll walk you through the steps to apply for it.

Best cash back

Best travel

Best no fee

Best balance transfer

Best cash back

Image of MBNA Rewards World Elite

Best travel

Image of BMO World Elite MasterCard®

Best no fee

Image of SimplyCash Card from American Express

Best balance transfer

Image of Platinum Plus® MasterCard®

Earn 2% cash back on all your purchases

Receive over $500 in travel bonuses

Earn 5% cash back on select purchases for your first 6 months (up to $250)

0% APR for 12 months on balance transfers

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Rewards cards Interest Rate Annual fee First year rewards
Best cash back credit cards
19.99% bal. trans.: 21.99% cash adv.: 24.99% $89
$460
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19.99% bal. trans.: 21.99% cash adv.: 21.99% $99
$442
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19.75% bal. trans.: 21.99% cash adv.: 21.99% $0
$394
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Best travel credit cards
19.99% bal. trans.: 22.99% cash adv.: 22.99% $99
$722
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30% $150
$526
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19.99% bal. trans.: 22.99% cash adv.: 22.99% $150
$510
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Best store credit cards
% $
$559
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30% $150
$438
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19.99% bal. trans.: 22.99% cash adv.: 22.99% $120
$385
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Balance transfer cards Balance transfer rate Annual fee
22.97% int. rate: 19.97% cash adv.: 22.97% $0 Get details Compare all cards
13.99% int. rate: 13.99% cash adv.: 13.99% $29 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 21.99% $120 Get details Compare all cards
14.99% int. rate: 14.99% cash adv.: 24.99% $0 Get details Compare all cards
11.99% int. rate: 11.99% cash adv.: 11.99% $20 Get details Compare all cards
16.99% int. rate: 16.99% cash adv.: 16.99% $0 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 24.99% $0 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 21.99% $39 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 24.99% $0 Get details Compare all cards
11.99% int. rate: 11.99% cash adv.: 11.99% $29 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 24.99% $0 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 21.99% $0 Get details Compare all cards
21.99% int. rate: 19.75% cash adv.: 21.99% $0 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 21.99% $65 Get details Compare all cards
21.99% int. rate: 19.75% cash adv.: 21.99% $79 Get details Compare all cards
21.99% int. rate: 19.99% cash adv.: 21.99% $99 Get details Compare all cards
12.49% int. rate: 12.49% cash adv.: 12.49% $30 Get details Compare all cards
11.9% int. rate: 11.9% cash adv.: 11.9% $20 Get details Compare all cards
22.97% int. rate: 19.97% cash adv.: 22.97% $0 Get details Compare all cards
14.9% int. rate: 14.9% cash adv.: 19.8% $79 Get details Compare all cards
12.9% int. rate: 12.9% cash adv.: 12.9% $0 Get details Compare all cards
12.9% int. rate: 12.9% cash adv.: 12.9% $0 Get details Compare all cards
% % after months int. rate: cash adv.: Get details Compare all cards

If you need any help comparison shopping, read our frequently asked questions below:

Why should I compare credit cards?

It’s important to compare credit cards so you can find the right card for your specific needs. The best credit card for you may not be the best credit card for someone else; it all depends on how much you make, how much spending you do with your card, and what rewards and features are important to you. For example, if you spend $2,000/month on your card and pay it off each month, you may want to find a great rewards credit card. On the other hand, if you only have a limited income or if there’s a chance you won’t be able to pay off your balance each month, you may want to look at no fee or low interest credit cards, instead. There are many different types of credit cards on RateHub.ca, so input your spending and find the right one for you.


How does credit card interest work?

Credit card interest is charged to your credit account if you do not pay off your full balance each month by the payment due date listed on your credit card statement. If you miss the due date, you will be charged interest on the entire balance of your statement. Even if you pay off $999 of a $1,000 balance, you will be charged interest on the full $1,000 balance – not just on the $1 that’s leftover. The interest rate on a credit card is typically 19.99% for purchases and, if you can’t pay off your full balance, it goes back and begins to accrue on the date you made each transaction. For this reason, it’s important you only use your credit card when you know you can afford to pay it back in full by the payment due date to avoid high interest rates and penalties.


Why do some credit cards have an annual fee?

Annual fees are attached to some credit cards because you have to pay for the privilege of having the card in order to receive its rewards. Most annual fees range from $20 to $120, but they can go as high as $399. Typically, the higher the annual fee for a credit card, the greater the rewards it offers. Popular credit card reward programs offer travel, cash back and gas savings.


Should I get a rewards credit card?

If you pay off the full balance of your credit card (not just the minimum payment) by the payment due date and use your card responsibly, you could maximize the benefits of using your credit card by earning some great rewards. Of course, it’s important to be aware of the annual fee and understand how to value the points in your credit card’s rewards programs. But if you spend enough money, the rewards could far outweigh the credit card’s annual fees. If you don’t plan on using your card very often, don’t value the rewards or will not take advantage of them, a card with an annual fee might not be the best choice for you. In this case, consider a no fee credit card that still offers some rewards.