Best Credit Card Combinations: Pair These Cards to Maximize Your Rewards

Jordann Brown
by Jordann Brown March 27, 2019 / 1 Comment

Do you believe in “the one”? One person, who will mesh with your personality perfectly, and once you meet that person, that’s it?

“The one” is a romantic concept, and it might be true. But when it comes to credit cards, I’m a firm believer that there isn’t one single best credit card out there for everyone. In fact, in some scenarios, having two different credit cards will maximize your rewards. By using multiple credit cards in tandem, you can earn the maximum amount of points or cash back rewards, no matter what the situation.

Here are three winning credit card combinations that will help you maximize your credit card rewards.

Ratehub.ca’s best credit card combinations in Canada


Best combination for travel

American Express Cobalt and Home Trust Preferred Visa

If you travel a lot and value flexibility, the American Express Cobalt is the credit card for you. Featuring a robust rewards system where you earn five points per dollar spent on restaurants and groceries, and two points per dollar spent on travel and transit, this credit card will get you in an airplane seat faster. The American Express Cobalt also allows you to redeem your points flexibly for flights on any airline with no blackout dates.

Lastly, this card offers up to a 30,000 point bonus ($300 value) provided you spend $500 on the card in your first twelve consecutive months.

American Express Cobalt

  • Annual fee: $120 (charged at $10 monthly)
  • Earn 5 points per dollar on “eats and drinks”: restaurants, coffee shops, bars, grocery stores, and food delivery
  • Earn 2 points per dollar on “travel and transit”: gas, taxis, public transportation and travel (air, water, rail, or road transport, plus hotels)
  • Welcome Offer: 2,500 points every month you spend $500 in your 1st year (total value of $300)
  • Earn 1 point per dollar on all other purchases

An excellent companion to this travel credit card is the Home Trust Preferred Visa.

While most credit cards charge a 2.5% foreign transaction fee on purchases made in a non-Canadian currency, the Home Trust Preferred Visa has no foreign transaction fees. So, anytime you travel abroad with this card, you can avoid having to carry around large wads of foreign cash and enjoy the convenience of paying with plastic without the added cost.

Another big perk of this card is that it offers 1% cash back, which means you won’t only save 2.5% in fees but you’ll also earn 1% while abroad. If you were to use another rewards credit card outside of Canada, foreign transaction fees would undercut the value of any points or cash back that it offers.

Home Trust Preferred Visa


  • No annual fee
  • No foreign transaction fee charged on purchases abroad
  • Earn 1% cash back on all purchases, with no limit on the amount you can earn
  • Not available to residents of Quebec

The strategy with this credit card combination is simple: use the American Express Cobalt to earn travel points on your everyday spending in Canada and use the Home Trust Preferred Visa whenever you’re abroad to save on foreign transaction fees.

While the American Express Cobalt has a $120 annual fee, the Home Trust Preferred Visa is a no annual fee card – which is yet another reason these two make such a great pair as you won’t have to deal with the burden of having to pay two annual fees. Plus, the Home Trust Preferred Visa can serve as a back up option to the American Express Cobalt when shopping in Canada in case you’re at a store or restaurant that doesn’t accept American Express as a payment option.

Note: While we recommend the American Express Cobalt, you could combine the Home Trust Preferred with any other of Canada’s best travel credit cards.


Best combination for cash back and families

Scotia Momentum Visa Infinite and SimplyCash from American Express

If you’ve got a big family, you’ll want to capitalize on your household spending. That’s where the Scotia Momentum Visa Infinite comes in. Arguably the best cash back credit card for families, the Scotia Momentum Visa Infinite will earn you 4% cash back on groceries and recurring bills, two of the biggest spending categories for many households. You’ll also get 2% cash back at the gas pump and on public transit.

For a limited-time, you can avoid paying the card’s $120 annual fee for the first year.

Scotia Momentum VISA Infinite


  • Annual fee: $120 (waived for first year)
  • Earn 4% cash back on groceries and recurring bills, 2% cash back on gas and transit, and 1% cash back on all other purchases
  • Receive VISA Infinite benefits
  • Mobile device insurance

In combination with the Scotia Momentum VISA Infinite, you should consider adding the SimplyCash from American Express to your arsenal. This no-fee credit card lets you earn 2.5% cash back for the first three months up to a maximum of $150, after which you’ll earn 1.25% cash back on everything.

The 1.25% cash back rate makes the SimplyCash from American Express a great option for charges that don’t fit into the Scotia Momentum Visa Infinite’s four bonus categories such as clothes or furniture. There is no limit on the cash back you can earn after the promotional period ends, so this credit card should suit you for the long run.

SimplyCash Card from American Express

  • No annual fee
  • Earn 2.5% cash back on purchases for the first 3 months (up to $150 cash back)
  • Earn 1.25% cash back on all other purchases once welcome rate ends

While you’ll be on the hook to pay a $120 annual fee for the Scotia Momentum Visa Infinite after the first year of card membership, the SimplyCash from American Express will always be free to carry – so you won’t have to juggle annual fees on two separate credit cards with this combination.

Note: We recommended the SimplyCash from American Express, however you could consider pairing the Scotia Momentum Visa Infinite with another no fee cash back card such as the Tangerine Money-Back Card (2% in three categories) or the Rogers World Elite MasterCard (1.75% on everything). It’s worth highlighting that the Rogers World Elite MasterCard is made for high-income earners as it has a personal income requirement of $80,000 (or household income requirement of $150,000).


Best combination for no annual fees

Tangerine Money-Back Card and SimplyCash Card from American Express

If you’re looking to avoid paying any annual fees, you can maximize your rewards by using these two cards interchangeably.

First, the Tangerine Money-Back Card is a no-fee credit card that earns you 2% cash back in your choice of three of the following categories: restaurants, gas, groceries, public transit (including taxis and Ubers), drugstore/pharmacy, entertainment, hotels/motels, furniture, monthly bill payments, home improvement, and parking.

Once you pick your top three categories, you’ll earn 2% cash back on them and 0.5% cash back on everything else. There is no limit on the cash back you can earn, and your rewards are deposited monthly into your Tangerine savings account, or you can apply them to the balance of your credit card.

Tangerine Money-Back Credit Card

  • No annual fee
  • Welcome offer: Get 4% cash back on your bonus categories for the first 3 months (ends October 31, 2019)
  • Earn 2% cash back on purchases in up to three categories of your choice, and 0.5% cash back on everything else
  • No limit on how much you can earn back

The SimplyCash Card from American Express lets you earn 2.5% cash back on all purchases for the first three months (up to $150) – a limited-time offer you’ll want to capitalize on for all your purchases.

Once this special welcome rate ends, you’ll earn a flat 1.25% cash back on all your spending. Therefore, you can use the SimplyCash from American Express for any purchase that doesn’t fall under one of your three Tangerine Money-Back categories to earn 1.25% as opposed to 0.5%.

SimplyCash Card from American Express

  • No annual fee
  • Earn 2.5% cash back on purchases for the first 3 months (up to $150 cash back)
  • Earn 1.25% cash back on all other purchases once welcome rate ends

With this pairing of no annual fee credit cards, you can earn 2% cash back on your Tangerine Money-Back Categories and 1.25% on all your other purchases. Since both these cards offer straight-forward cash back, you also won’t have to deal with the complexities of earning travel points from two separate loyalty programs.

Note: While we recommend the SimplyCash from American Express, you could combine the Tangerine Money-Back Card with the Rogers World Elite MasterCard as it’s a no fee card that offers a flat 1.75% cash back. However, it’s important to account for the fact that the Rogers World Elite does have a high income requirement of $80,000 per individual or $150,000 per household.

Do you use multiple credit cards to maximize your rewards? If so, share your credit card combination recommendations in the comments section below.

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