Best Rewards Credit Cards in Canada

Top Picks – Canada’s Best Rewards Credit Cards

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$120

Card Type

Business, Rewards

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$39

Card Type

Rewards, Student

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$0

Card Type

Rewards, No-Fee

Get 10,000 points when you spend $1,000 in the first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee

Interest Rate

19.99%

Balance Transfer

1.99%

Annual Fee

$0

Card Type

Rewards

Welcome offer: You deserve to be rewarded! Get up to 50,000 points

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$499

Card Type

Rewards

Earn up to 110,000 bonus Membership Rewards® points

Interest Rate

30%

Balance Transfer

N/A

Annual Fee

$199

Network

AMEX

Receive a 25,000 points Welcome Bonus by spending C$1,500 within the first three months of your account opening. That’s enough for a round-trip Fixed Mileage Flight across North America.

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$250

Network

AMEX

Earn 30,000 Points ($150 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate

11.9%

Balance Transfer

11.9%

Annual Fee

$25

Card Type

Rewards

Earn up to 10,000 bonus MBNA Rewards Points for cash back, gift cards and more

Interest Rate

20.99%

Balance Transfer

20.99%

Annual Fee

$0

Card Type

Rewards

Experience a world of extra rewards at home and away with a great earn rate and travel perks.

Interest Rate

20.99%

Balance Transfer

23.99%

Annual Fee

$150

Card Type

Rewards

Get 5x the points on takeout, groceries and more

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$120

Card Type

Rewards

MBNA Rewards World Elite MasterCard Review

Welcome offer: Earn up to 20,000 bonus MBNA Rewards Points for cash back, gift cards and more. Conditions Apply.

Interest Rate

20.99%

Balance Transfer

20.99%

Annual Fee

$120

Card Type

Rewards

Our Top 3 Picks

Earn up to 50,000 Membership Rewards® points

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$12.99 (monthly)

Network

AMEX

Earn Scene+TM points on everyday purchases. Redeem Scene+ points for entertainment rewards like movies, meals and more.

Interest Rate

19.99%

Balance Transfer

22.99%

Annual Fee

$0

Card Type

Rewards

Earn 5 Scene+TM points on every $1 CAD you spend on eligible purchases

Interest Rate

19.99%

Balance Transfer

22.99%

Annual Fee

$120

Card Type

Rewards

Compare More American Express Credit Cards

Compare More Scotiabank Credit Cards

Compare More Scotiabank Credit Cards

What Are Rewards Credit Cards?

The basic idea behind the best rewards credit cards in 2020 is the same, although the programs come in varying formats: you receive a set number of points for each dollar spent.

You can redeem your points for various types of rewards once you’ve earned enough, depending on the specific card. These include:

  • Hotel rewards cards, which allow you to receive free stays at participating hotels
  • Travel rewards cards, where you earn points toward travel expenses, including flights
  • Dining cards, which give you rewards points when you dine out
  • Auto rewards cards, where you get points toward car-related purchases and gas.

How Rewards Credit Cards Work

Each purchase you make with this type of credit card gives you the opportunity to earn points, which you can later redeem for hotel rooms, flights, cash back, and other rewards. Seventy percent of Canadians pay off their balance each month, thus escaping interest charges. If you’re one of them, a quick search for the best rewards credit cards 2020 is an excellent way to benefit from making daily purchases. Credit cards do not exist merely to assist you in spending money. You can receive benefits by just doing your routine shopping if you select the correct one for your lifestyle. The important thing is to pick a credit card that has a useful and robust rewards program that works for you.

How To Choose The Best Rewards Credit Card for You

Think about your spending patterns when trying to decide on the best rewards credit cards for you. Your card should let you earn points when purchasing the things you would be buying anyway. If you’re a frequent business traveller, for inst travellers a credit card with hotel rewards that give you extra points for hotel stays would be a smart choice. Someone who drives a lot would profit from an auto rewards credit card, while a large family would do well with a rewards card that earns points at the supermarket where they shop most frequently.

Conclusion – The Best Rewards Credit Cards Give You Easy Ways to Save

There is indeed a card that suits every shopper; given the many excellent rewards programs from which Canadians can choose. Find the best rewards credit cards for your shopping habits, begin earning points, and redeem those points for dining, travel, gifts, or groceries. Saving has never been easier. Rewards Credit Cards work on a pretty simple principle – spend more to earn more. Offering a variety of perks such as cash back rewards, points and sign-up bonus – rewards credit cards let you earn money each time you spend money. This is a win-win situation for consumers and a great way to save while you spend. With so many options to choose from, we are here to help Canadians choose the best rewards credit card.

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