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The best rewards cards for
  • all reward types
  • cash back
  • store credit
  • travel
  • any annual fee
  • no annual fee
CardBest used forAnnual feeRewards

Food & transit


  • 5 pts/$1 for gas, groceries, restaurants
  • 1 pts/$1 for other

Purchase interest: 20.99%  |  Cash advance: 23.99%  |  Balance transfer: 23.99%

Groceries & gas


  • 4% eligible gas, groceries
  • 2% bills, restaurants, Daily transit
  • 1% cash back on all other purchases†.

Purchase interest: 20.99%  |  Cash advance: 22.99%  |  Balance transfer: 22.99%

Everyday spending


  • 1% all everyday purchases
  • 3% eligible airlines
  • 4% select retailers*

Purchase interest: 19.99%  |  Cash advance: 21.50%  |  Balance transfer: 19.99%

Canadian Tire


  • 4% Canadian Tire Spending
  • 1.5% groceries
  • 0.5% everything else

Purchase interest: 19.99%  |  Cash advance: 22.99%  |  Balance transfer: 22.99%

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How to choose the best credit card for you

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Step 1: Check your eligibility

When you apply for a credit card, the card issuer (think companies like banks or credit unions who supply credit cards) will determine whether or not you’ll be approved based on two key factors: your income and credit score.

A card's income requirement (if it has one) is easy to find and usually clearly labelled on its application page or highlighted sometime early during the application process. If a card has no mention of any income requirements, it's safe to assume you won't need to earn a specific amount to get approved.

When it comes to credit scores, however, it gets a lot more ambiguous. That's because card issuers don't reference a specific credit score number as a requirement. It shouldn't come as a surprise though that the higher your credit score, the better your odds are of being approved.

As a rule of thumb, you'll generally need a great (720-799) or good (650-719) credit score to be approved for most credit cards. Meanwhile, if you have a fair credit score (600-649), your card choices may be more limited, and if your score is below 600 or you have a recent history of bankruptcy, you won't be approved for the majority of credit cards and may want to consider a secured credit card instead to help rebuild your creditworthiness.

Since credit scores play such an important part of the application process, it can be a smart move to be proactive and check your credit score before applying. Contrary to popular belief, checking your own score has no impact on your credit rating and you can easily find your three-digit score online safely, securely, and for free on websites like

Proceed to step 2 if you have a credit score of at least 650; otherwise consider checking our list of the best credit cards in Canada for bad credit.


Step 2: Ask yourself - will you pay off your card in full or carry a balance?

There are generally two types of credit cards:

  • Cards that’ll earn you rewards
  • Cards that’ll save you on interest

Rewards credit cards

Rewards credit cards are, for obvious reasons, the most sought after. These credit cards will reward you every time you swipe, tap, or key-in your pin to make a purchase by offering either cash back, points, or miles that you can use to pay off your card statement or redeem for free or discounted flights, hotel stays, or merchandise. Depending on the rewards card, you can even access welcome bonuses that give you a bulk of rewards just for signing up, as well as side perks like travel insurance.

While rewards credit cards offer great value, you’ll only come out in the positive if you regularly pay off your monthly balance in full. If you don’t completely pay off your balance, interest will enter the equation, and, since rewards cards have high annual interest rates (around 19.99%), you could end up owing more in interest than you earn in rewards.

According to the Canadian Bankers Association, 70% of Canadians pay off their balance in full every month - avoiding interest charges.

Low interest credit cards

If you typically carry a balance from month-to-month or rely on credit as a back-up option to tie you over during a cash crunch, a low interest credit card will be a better fit for you.

While the majority of low interest credit cards don't offer rewards and provide few frills, their low interest rates (typically below 15%) will help you come out ahead if you do end up carrying a balance - especially when compared to rewards credit cards.

Paying off your balance in full is the best strategy, but if that’s not always an option, you should equip yourself with a low interest card.

Balance transfer credit cards

If you already owe a large balance on an existing credit card, a balance transfer credit card can be a great (albeit more niche) solution to save on interest. Balance transfer cards offer super-low interest rates for a limited time, letting you consolidate old debts and pay them off faster.

Proceed to step 3 if you pay off your balance in full; otherwise consider checking out our list of the best low interest credit cards in Canada.


Step 3: If you’re looking to earn rewards - decide between cash back vs travel vs store credit cards

If you pay off your balance in full every month and have set your sights on getting a rewards card, the next decision you’ll need to make is what type of rewards you want to accumulate.

Cash back credit cards

Who they’re right for: Cardholders who don't travel frequently and are looking for a straightforward way to save on everyday purchases.

The Pros 

  • Rewards are cash and can be used to save on your general spending (not just on travel or on select merchandise).
  • Calculating how much your rewards are worth is easy and redemptions are straightforward.

The Cons

  • Typically offer the same selection of bonus categories - like gas and groceries. It’s harder to find cash back cards that offer bonus rewards for every dollar you spend on purchases like flights, dining, or public transit.
  • Usually feature fewer side perks than travel credit cards.

Travel credit cards

Who they’re right for: As you can guess, these cards are geared towards travel savings and those who fly or stay in hotels at least once a year.

The Pros

  • Offer greater value on travel purchases and redemptions (like flights and hotel stays). 
  • Typically provide better side-perks, like more extensive travel insurance benefits with higher potential payouts and longer coverage periods.
  • Often include more lucrative sign-up offers and bonus categories.

The Cons

  • Depending on the points program, calculating exactly how much your rewards are worth can be tricky. 
  • Redeeming rewards isn’t as straightforward compared to cash back credit cards.
  • Travel card sign-up bonuses often have qualification terms (requiring you to spend a certain amount within a three-month time frame).

Store credit cards

A more niche option, store credit cards are offered by only a handful of major retailer brands (i.e. Canadian Tire) that are big enough to issue their own co-branded credit cards.

Who they’re right for: People who are loyal to a certain retail chain and spend big at those stores. 

The Pros 

  • Store credit cards can offer big savings when used at affiliated retailers.
  • Most have no annual fees.
  • Let you earn retail loyalty rewards everywhere you shop.

The Cons

  • Redemption options may be too niche for some, as points can only be redeemed for merchandise from select affiliate stores.
  • Rewards earned on purchases made outside of affiliate stores can often be lacklustre.
  • Typically lack welcome offers for new cardholders.

Proceed to step 4 if you’ve decided to go for a cash back or travel credit card.


Step 4: Identify your spending habits

How much do you spend?

If you use credit for the majority of your day-to-day spending, picking up a rewards credit card with an annual fee can be well worth it. Sure, you’ll have to pay about $120 or so just to carry the card, but in return, you’ll gain access to more rewards, bigger sign-up bonuses, and lucrative perks. Over time, those benefits combined can deliver far greater value than the annual fee.

For instance, the BMO World Elite Mastercard charges a $150 annual fee but offers three times the points on dining, entertainment, and travel purchases, two times the points on all your other spending, a 35,000 point sign-up offer, complimentary travel medical insurance, and access to airport lounges. It’s easy to see how you could come out ahead with this card, even when factoring for the annual fee.

That said, if you’re new to credit cards or just casually use plastic to pay for a few purchases (i.e. less than $500 every month), odds are, you won’t earn enough rewards on a card to offset any annual fee. Additionally, if you don’t value perks like travel insurance, a no fee card will be a better fit and help you avoid paying for perks that you won't be taking advantage of anyway.

What do you spend on the most?

The majority of rewards credit cards offer additional points, miles, or cash back on certain types of purchases - known as bonus categories. Depending on the card, bonus categories can range from the all-to-common gas and groceries to everything from recurring bills, restaurants, cafes, flights, hotel stays, and more.

You’ll want to compare your options and find a rewards card whose bonus categories align with your most common expenditures.

For instance, if you own a car and gas accounts for a big chunk of your monthly spending, you’ll want to consider a credit card that has gas as a bonus category, like the TD CashBack Visa Infinite, which offers three times the cash back (3%) for every dollar you spend at the pump. Meanwhile, if you don’t own a car and rely on public transit and taxis to get around, a card like the Scotiabank Gold American Express (that offers 3 times the points on daily transit) will be better suited to your spending habits. 

If you don’t spend a particularly large amount on specific spending categories and prefer simplicity, you can consider picking up a flat-rate card that offers the same rewards on all purchases with no bonus categories.

Where do you spend the most?

Certain groceries (like No Frills) only accept Mastercard, while others (Sobeys, Wholefoods, and Metro) accept all three major card companies including American Express. Some retailers are affiliated with loyalty programs (like Rexall and Air Miles), while certain airlines and hotel chains offer their own co-branded point programs (like Air Canada and Aeroplan or Marriott and Bonvoy). If you spend a considerable amount at a particular retailer or service provider, you’ll want to factor that into your credit card choice.

Proceed to step 5.


Step 5: Read up on credit card side perks

Beyond just points or cash back, many rewards credit cards come with perks that can offer huge money-saving potential. Depending on the card, that can range from everything from complimentary roadside assistance and airport lounge access, to hotel upgrades and no foreign transaction fees. While your choice of card may not necessarily hinge on these side benefits, they can help you narrow down your selection.


The best Canadian credit cards - by category

Best overall rewards credit card

The American Express Cobalt

Why is it one of the best?

  • Earns a whopping 5X the points on “eats and drinks”, which encompasses a huge range of purchases including restaurants, groceries, food deliveries, bars, and cafes.
  • Earns 2X the points on virtually everything “travel” - from gas, flights, and hotel stays to public transit, taxis, and even rideshares.
  • The card’s $155.88 annual fee is easy to manage as it’s charged at a rate of $12.99 per month.
  • The card comes with a sign-up bonus that adds up to a potential $300 in value in your first year.
  • It won’t cost anything to add authorized users, making the American Express Cobalt a great option if you plan on sharing an account with a partner or family member.
  • You can redeem points flexibly for travel rewards in one of three ways. If you prefer simplicity, you can redeem at a flat rate of 1 point = 1 cent for travel purchases through AMEX’s Fixed Points Program. If you’re a points optimizer who knows your way around more elaborate rewards charts and tables, you can leverage AMEX’s Flexible Points Program to further maximize points values. Or, you can transfer your points to hotel loyalty programs from the likes of Marriott Bonvoy.
  • Comes with comprehensive travel insurance.
  • You won’t need to earn a minimum personal annual income of $60,000 or $80,000 to qualify for the card like other premium rewards credit cards.
  • You can retroactively apply points against travel purchases up to three months after the purchase date. Plus, points never expire.

Any drawbacks?

  • American Express isn’t as universally accepted as Visa or Mastercard (Tip: you’ll want to be prepared and carry a back-up debit card or a no fee credit card from Mastercard or Visa just in case you’re shopping at a merchant that doesn’t accept AMEX). 
  • You can’t transfer the points you collect on the AMEX Cobalt to airline loyalty programs like you can with other American Express credit cards.


Best cash back card for groceries and gas

CIBC Dividend Visa Infinite

Why is it one of the best?

  • You’ll earn quadruple the cash back on both groceries and gas purchases - a combination that can’t be out-earned by any other cash back credit card in the country.
  • Collect 2% cash back on dining (when eating out or ordering in), all modes of daily transit (from public transit to rideshares), and recurring bill payments.
  • Welcome offer: Get a first-year annual fee rebate for you and up to three Authorized Users† and 10% cash back for the first 4 statements on net purchases of up to $2500.†
  • You can redeem your cash back flexibly, at any time, in increments of at least $25.
  • With CIBC’s unique Pace It program, you can pay off larger card purchases in instalments at a lower interest rate in the event you’re not able to pay off your balance in full by the time your next monthly statement arrives.
  • Gain access to insurance perks including travel medical emergency coverage (up to 10 days), mobile device insurance, and auto rental collision/damage/loss coverage.
  • Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to automatically save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†

Any drawbacks?

  • The card doesn’t provide comprehensive travel coverage benefits and lacks features commonly found on comparable rewards cards like trip interruption, flight delay, and lost baggage insurance.


Best flat-rate cash back credit card

The SimplyCash Preferred from American Express

Why is it one of the best?

  • You’ll earn 2% cash back on every purchase - so you won’t have to think about maximizing bonus categories. Plus, the flat 2% earn rate can’t be beaten by any other Canadian cash back credit card.
  • As a new cardholder, you’ll earn an accelerated 10% cash back for your first four months (up to $400).
  • It won’t cost anything to add authorized users, making it a great option if you plan on sharing an account with a partner or family member.
  • Comes with comprehensive travel insurance.
  • You won’t need to earn a minimum personal annual income of $60,000 or $80,000 to qualify for the card like other premium rewards credit cards.
  • Cardholders gain access to American Express Experiences (includes ability to get pre-sale tickets and special offers to live events).

Any drawbacks?

  • American Express isn’t as universally accepted as Visa or Mastercard (Tip: you’ll want to be prepared and carry a backup debit card or fee credit card from Mastercard or Visa just in case you’re a retailer that doesn’t accept AMEX). 


Best no fee cash back cards

For bonus categories: Tangerine Money-Back Card

Why is it one of the best?

  • You’ll earn 2% in up to three bonus categories. No other no fee card offers as much cash back in as many bonus categories.
  • Tangerine is the only card issuer to let you pick your own bonus categories. You have the freedom to choose your own bonus categories from a total of ten options - including everything from gas, groceries, restaurants, and recurring bills, to more niche options like home improvement and furniture.
  • You can change your bonus categories at any time (however, it’ll take at least one statement period for changes to come into effect).
  • New users can earn 10% cash back (up to $100) when you spend up to $1,000 in everyday purchases within your first two months. Offer ends May 31, 2022.
  • If you qualify for the high-tier Tangerine World Mastercard ($60,000 personal annual income required), you’ll get additional perks like mobile device and rental car damage and loss waiver insurance.

Any drawbacks?

  • You’ll earn just 0.5% on all other everyday purchases that aren’t categorized under one of your chosen bonus categories (Tip: since it’s a no fee credit card and you can customize your bonus categories, the Tangerine Money-Back is a great card to use in combination with another to up your earn rate).


For flat earn rate: American Express SimplyCash

Why is it one of the best?

  • You’ll earn an accelerated 1.25% cash back on everything you buy - so you won’t have to think about maximizing bonus categories and can rack up more rewards on otherwise generic purchases like online shopping or consumer electronics.
  • As a new cardholder, you’ll get a boosted 4% cash back rate for your first six months (up to $200).
  • Comes with up to $100,000 in travel accident insurance.
  • Cardholders gain access to American Express Experiences (includes ability to get pre-sale tickets and special offers to live events).

Any drawbacks?

  • American Express isn’t as universally accepted as Visa or Mastercard (Tip: you’ll want to be prepared and carry a backup debit card or fee credit card from Mastercard or Visa just in case you’re a retailer that doesn’t accept AMEX).

Best no FX fees 

Premium card: Scotiabank Passport Visa Infinite

Why is it one of the best?

  • Pay no foreign transaction fees (2.5% savings on all purchases in a non-Canadian currency).
  • Airport lounge benefits included with six free annual passes to over 1,000 Priority Pass Lounges. 
  • Earn up to 2 Scotia points per dollar spent on groceries, dining, entertainment, and daily transit.
  • The Scotia Rewards program is extremely flexible and easy-to-understand. Points can be redeemed in increments of 5,000 points for $50 in travel rewards (1% per point) and can be used to book flights directly from any airline or travel website (cardholders aren’t required to use Scotia’s in-house travel search engine).
  • Get up to 35,000 bonus points as a new Scotiabank cardholder.
  • Add up to one authorized user ($50 value) for free.
  • Comprehensive travel insurance benefits.

Any drawbacks?

  • The card has an annual fee of $139, which is slightly above the average $120 charged by most premium Visa Infinite cards.
  • To be eligible, you’ll need to earn a personal income of at least $60,000 (or $100,000 as a household).

No annual fee card: BRIM Mastercard

Why is it one of the best?

  • Pay no foreign transaction fees (2.5% savings on all purchases in a non-Canadian currency).
  • Earn at least 1 point per dollar on all everyday purchases.
  • BRIM Rewards points effectively act like cash back (100 points is worth $1 in statement credits).
  • Collect bonus points when shopping from over 200 retailers partnered with BRIM, from Apple and Nike to Emirates Airlines, and more.
  • Mobile device insurance and free Boingo Wi-Fi membership included.

Any drawbacks?

  • Lack of travel insurance benefits.


Best no-fee travel credit card

MBNA Rewards Platinum Plus

Why is it one of the best?

  • You’ll earn 2X the points in three different bonus categories - gas, groceries, and restaurants - a lucrative earn rate for a no-fee credit card.
  • You’ll get 1 point per dollar on all your other everyday purchases.
  • MBNA points values are easy-to-understand, with 1 point = 1 cent. Plus, points can be redeemed flexibly on virtually any airline and don’t have an expiry date.
  • The card’s stacked sign-up bonus can add up to over $100. 
  • While primarily a travel rewards card, the MBNA Rewards Platinum Plus also offers great redemption values on gift card rewards.
  • As a Mastercard, the MBNA Rewards Platinum Plus is accepted virtually everywhere.

Any drawbacks?

  • Like many other no-fee cards, the MBNA Platinum Plus doesn’t come with comprehensive built-in travel insurance.
  • Bonus categories have an annual spending cap. You’ll earn 2X the points on gas, groceries, and restaurants up to a maximum of $5,000 in spending per category, after which you’ll earn 1 point per dollar. This cap resets every year.


Best airline credit card

TD Aeroplan Visa Infinite

Why is it one of the best?

  • The card comes with a huge sign-up bonus. As a new cardholder, you can receive: a first-year annual fee rebate and up to 50,000 bonus points. Offer ends September 5, 2022.
  • While Aeroplan is owned by Air Canada, you can also redeem points on over two dozen Star Alliance partner airlines including Lufthansa, United Airlines, and more. 
  • Aeroplan points can deliver great value (up to 2 cents per dollar, or more) depending on your travel routes and the time of year.
  • As an Aeroplan credit card holder, you’ll receive preferred pricing and can often book flights on Air Canada with fewer points.
  • With Aeroplan’s generous stopover policy, you can travel further and visit more locations while stretching the value of your points. (How it works: excluding travel in the US or Canada, you can add a stop-over on each one-way flight for an incremental 5,000 points).
  • When flying on Air Canada, you and up to eight travel companions can check in your first bag for free (estimated $30 savings per traveller when flying economy within most of North America).
  • It offers a slew of side perks including built-in mobile device insurance (up to $1,000) and a NEXUS fee reimbursement every 48 months ($100 value) for smoother cross-border between the US and Canada.
  • Comprehensive travel insurance benefits including hotel-motel burglary insurance and travel medical insurance for trips up to 21 days.
  • Unlike most other credit cards, authorized users will receive access to virtually all the same perks as the primary cardholder.
  • Get Aeroplan perks including access to the Aeroplan e-store and the ability to earn “SQM and SQS” on your everyday spending that goes towards achieving elite Aeroplan status.

Any drawbacks?

  • Since Aeroplan operates according to a redemption chart, point values aren’t consistent and can fluctuate depending on a multitude of factors like your travel destination and whether you’re flying during a high-demand season - adding a degree of complexity to the program.
  • While you have the flexibility to redeem points on Air Canada or over two dozen Star Alliance airlines, choosing the latter will result in an extra $39 booking fee per ticket.
  • Aeroplan points can only be redeemed for flights on Air Canada and Star Alliance members, not any airline.
  • The card’s $139 annual fee is a notch above the standard $120 charged by several comparable credit cards. 


Best no fee cash back card for groceries 

BMO CashBack Mastercard

Why is it one of the best?

  • Earn an impressive 3% cash back on grocery purchases, which can’t be beaten by any other no fee cash back card.
  • You’ll also get 1% on recurring bills.
  • As a new cardholder, you’ll earn 5% cash back for your first three months (up to $100).
  • Get up to 25% off rental cars from eligible National and Alamo Rent a Car agencies
  • The BMO CashBack Mastercard has a low income requirement, and is even accessible to students.

Any drawbacks?

  • Bonus categories have a monthly spending cap. You’ll earn 3% on groceries and 1% on recurring bills up to a maximum of $500 in spending per category every month, after which you’ll earn 0.5% cash back. This cap reset every monthly statement period.
  • You’ll earn just 0.5% on all other everyday purchases.


Best low interest card

MBNA True Line Gold Mastercard

Why is it one of the best?

  • At 8.99%, the MBNA True Line Gold has the lowest fixed interest rates of any credit card in Canada. Its interest rate is over half that of the typical credit card (which usually charge 19.99% APR on carried-over balances).
  • It has a below-average annual fee of $39.

Any drawbacks?

  • The card doesn’t currently offer a balance transfer promotion to help consolidate your debt.

TIP: if you want to save on interest charges but don’t want to pay an annual fee, consider the no fee MBNA True Line Mastercard, which has a fixed interest rate of just 12.99%.


Best balance transfer card

CIBC Select Visa

Why is it one of the best?

  • New cardholders who apply online can get an unbeatable 0.00% on balance transfers for their first 10 months (plus a flat 1% transfer fee). With interest completely out of the equation for a temporary period of time, you can transfer existing debt to the CIBC Select Visa and pay it off faster.
  • The balance transfer offer lasts for ten months, which is above average considering most offers on competing balance transfer cards last for 6 or 9 months.
  • Even after the balance transfer promotion ends, the card will offer a below-average APR of 13.99% on balance transfers as standard.
  • The card’s annual fee of $29 is rebated for the first year.
  • The card has a low minimum annual income requirement of $15,000 per household, making it attainable to most Canadians.
  • Up to $100,000 in common carrier accident insurance is included, a rare perk for a low interest credit card.
  • Link and use your CIBC Select Visa Card with Journie Rewards to automatically save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†

Any drawbacks?

  • You can only transfer up to 50% of your assigned credit limit (e.g. if you’re approved for the CIBC Select Visa with a $5,000 limit, you can only transfer a debt of up to $2,500). Depending on the size of your balance you want to transfer and the credit limit you’re approved for, you may not be able to address large debts.
  • You’re only eligible to request a balance transfer at the time you’re submitting an application online and no later.


Best store credit card

PC Financial World Elite Mastercard 

Why is it one of the best?

  • PC Financial’s credit cards are associated with some of Canada’s largest retail brands - including Loblaws (the country’s largest grocery chain with over 2,400 locations), Esso/Mobil (over 1,700 gas stations across Canada), Shoppers Drug Mart (1,300 pharmacy locations).
  • Earn large point multipliers on everyday essentials and get the equivalent of: 4.5% in PC points at Shoppers Drug Mart and 3% on both gas purchases from Esso/Mobil and groceries from Loblaws banner grocery stores. Earn a minimum of 1% on all other everyday purchases.
  • The PC points program is extremely easy to understand. When redeemed at eligible partner locations, 10,000 points is worth the equivalent of $10, or 10 points is worth 1 cent.
  • None of PC’s card charge annual fees.
  • Holders of the premium World Elite Mastercard are eligible for comprehensive insurance perks including: travel emergency medical (up to 10 days) and rental car collision/loss/damage. Unique perks for a no fee, store credit card.
  • New cardholders are eligible for a limited-time balance transfer offer of 0.97% for their first 6 months.

Any drawbacks?

  • To be eligible for the most premium World Elite Card, you’ll need to earn a personal income of at least $80,000 (or $150,000 as a household). The silver lining: if you don’t meet those steep income requirements, you can still be approved for either PC Financial’s mid-tier “PC World Mastercard” or the entry-level “PC Mastercard” (though they do offer fewer points and perks).
  • PC points can only be redeemed for discounts at eligible retail locations associated with PC Financial (namely, Loblaws banner grocery stores and Shoppers Drug Mart). That said, this isn't much of a compromise if you frequently shop from those stores.


Best rewards credit card for shopping at Costco

MBNA Rewards World Elite Mastercard

Why it’s one of the best?

  • When optimizing your credit card rewards for shopping at Costco, you’ll have to factor for two things: 1. Costco only accepts Mastercard credit cards and 2. Costco isn’t considered a grocery store. Luckily, the fact the MBNA Rewards World Elite is a Mastercard and earns double the points on all your spending makes it the highest-earning rewards card to use at Costco.
  • MBNA points are extremely flexible and redeemed for travel from any virtual airline at a rate of 1 cent for 1 point. Plus, points don’t have an expiration date so you can keep them for travel plans well into the future.
  • MBNA points can also be redeemed for e-gift cards at a great value (around 0.85 - 0.95 cents per points). Those are extremely great redemption rates for non-travel redemptions.
  • Authorized users are free to add, so you can share the credit card with a loved one without having to shell out an extra $30 or $50 in supplementary card fees every year.

Any drawbacks?

  • You’ll need to earn a minimum annual income of $80,000 or $150,000 to qualify for the card.
  • While the card does offer some insurance coverage including rental car collision/damage coverage and common carrier accident insurance, it does lack comprehensive coverage and emergency travel insurance offered by many comparable rewards cards.


Best credit card for rebuilding credit

Home Trust Secured Visa

Why it’s one of the best?

  • You’re virtually guaranteed to get approved for the card, even if you have bad, no credit, or a recent history of bankruptcy.
  • All your card activity is reported to the credit bureaus, which means it can help rebuild your payment history and credit score when used responsibly.
  • Unlike most other secured cards, the Home Trust Secured Visa has no annual fees or monthly maintenance fees.
  • Typical for a secured credit card, you must provide a deposit. However, Home Trust lets you open an account with a minimum deposit amount of just $500.

Any drawbacks?

  • The card has an inactivity fee. If you don’t use the card to make at least purchase over a consecutive 365 day period, you will owe an extra $10 inactivity fee. Luckily, this is easily avoidable. Just charge at least one purchase to the card every year and ensure it never goes completely unused.
  • The Home Trust Secured isn’t available in Quebec (note, the Refresh Secured Visa is a great alternative for residents of Quebec).

Cards summary (+/-)


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When it comes to mortgages, is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place. has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

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Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

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