Best Rewards Credit Cards in Canada

We have compiled the list below so you can easily compare the various selections offered in Canada (click on the name of each card to quickly go to its separate review).




Top Picks – Canada’s Best Rewards Credit Cards

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Card Type: 

Business, Rewards

Card Rewards

So, what do you get in return for your purchases in terms of points? RBC has kept it simple. For every $1 spent using the card, you’ll get one point. And, while it may not appear to be noteworthy, it is the value of these points that makes the difference.

RBC Rewards are among the most valuable incentives available.

There are a few different ways you can use them for travel. The RBC Avion Air Travel Redemption Schedule is the first. To fly to a specific place, this chart requires a specific number of points.

RBC Rewards points are earned simply by making purchases with your card and can be used to reward yourself, your staff, or to reinvest in your business.

The RBC Avion Visa Business offers the following rewards:

  • You’d receive 20,000 welcome points after enrolment
  • Shopping with your RBC card gives you bonus points
  • You can also redeem rewards by booking a flight on any airline of your choice using the Air Travel Redemption Schedule. You can make this booking at any time. RBC Rewards uses a special online booking tool powered by Orbitz.
  • RBC also offers certifications. With over 100 brands to pick from, you may treat yourself or make someone’s day with your points.
  • You can use your RBC Rewards to reduce the amount of credit card debt you have by paying down your RBC Rewards credit card balance and keeping more in your wallet.
  • Your RBC Rewards points give you access to the most up-to-date merchandise, but that’s just the beginning. You can use your points to contribute to your investments, purchase gift cards, pay bills, and so much more
  • You may use your points to pay for internet, TV, utilities, and other bills, which gives you more convenience and flexibility.

Other travel rewards include hotels, cruises, packaged holidays, and tours. Points can be redeemed online for tech products at Best Buy and Apple. Gift cards, exclusive merchandise items or RBC Financial Rewards can also be redeemed as part of the rewards program.

Benefits for Card

Some of the benefits of the RBC Avion Visa Business card are:

Credit Card Lock

You may temporarily lock your RBC credit card with the touch of a button. Simply log in to the RBC Mobile app, select the card you want to lock, and press “Lock Card”.

Get a great deal on car rentals at Hertz

Earn up to 30% off at Hertz for a limited time and double your RBC Rewards points.

It’s fast, secured, and convenient

Pay for small purchases using Visa payWave. Your tap of the card is all that’s needed to make a purchase.

You can effectively manage your card online

RBC Online Banking for business allows you to pay credit card bills and other accounts, check your transaction details and balances, and more.

You’re eligible for a discounted annual fee if you have multiple cards

When you add another Business Avion or Personal Avion card to your account, you will only have to pay $50 annually.

Optional extras

Optional Travel Insurance provides security when you travel.

Details and Eligibility

RBC Avion Visa Business card offers a premium rewards scheme that helps your business to get the flexibility of redeeming for travels, merchandise, and gifts cards. It also offers a means of payment using points. The following minimum criteria must be met before this card is issued.

  • The principal applicant must be 18 years of age or older and a Canadian resident;
  • The principal applicant must be an owner or sole proprietor of a business and/or an employee of an organization with annual revenues greater than $75,000;
  • The principal applicant may not be self-employed in a business that has annual revenues

Other key details about this Card are listed below.

  • An annual fee of $120
  • An additional card fee of $50
  • Has a purchase rate of 99%
  • Has an interest Free Grace Period of 17 day
  • Cash advance rate of 22.9%

Insurance coverage

The following are the insurance coverage while using RBC Avion Visa Business card.

  1. Extensive insurance protection

This includes trip cancellations, interruptions, retail purchases, and rental cars.

  1. Liability waiver

Protects you and your company from employee fraud and illegal charges.

  1. Purchase Security

For 90 days from the date of purchase, qualified business purchases charged to your RBC Avion Visa Business card are protected against theft, loss, or damage.

  1. Extended Warranty

Increases the original manufacturer’s warranty in Canada by up to one year, to a maximum of five years. All qualified business items purchased with your RBC Avion Visa Business card are protected under this valuable coverage.

  1. Improved Security and Fraud Protection

Your card is safe with RBC’s 24-hour global fraud detection, and Visa’s Zero Liability minimizes your liability for illegal card transactions if you secure your PIN and card. With every purchase, chip and PIN technology add an added layer of security.

Credit card FAQ

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$39

Card Type: 

Rewards, Student

Would you like to earn RBC Rewards in a variety of ways without paying a hefty yearly fee? That is exactly what the Signature RBC Rewards Visa will do. Not only does this card allow you to collect RBC Rewards by making purchases, but it also enables you to get insurance coverage and a few other benefits. Continue reading our review to find out if it is a good fit for your wallet.

Card Rewards

The RBC Rewards Credit Card allows users to gain a wide range of rewards that they can redeem to gain many other benefits. Some of the rewards this card has to offer include:

1. Collect the Welcome Bonus

Those who apply and get approval for this card by 2 May 2022 have a chance of gaining 7000 welcome points.

2. Get Rewards for Purchases

For every $1 you spend, you will automatically earn 1 point with no tiers, caps, or categories to consider. In addition, cardholders who purchase items from select stores receive a different number of extra points or cashback. For instance:

Collect More of Rexall’s Be Well Points with Your RBC Rewards Credit Card

Cardholders can link their RBC Rewards card with their Be Well Card when purchasing their preferred health and wellness products. In turn, they will earn 50 bonus points for every $1 they spend when buying select products at Rexall. Be Well points accrue quicker, allowing you to save more money in-store on qualified items. For instance, $10 equals 25,000 Be Well points.

3. Comprehensive Insurance Coverage

The card also features impressive coverage for purchase security, car rental, travel, and extended warranty.

4. Low annual fees

Students as well as RBC Signature No Limit Banking Clients pay no annual fees for this card. Furthermore, cardholders can opt to add another card to their account at no extra cost when it comes to annual fees.

5. Major Fuel Savings

Cardholders can save up to 3 cents a litre on gas and get 20% extra Petro-Points by connecting your RBC Rewards card to Petro-Canada.

6. Convert your Points

RBC Rewards cardholders who qualify can exchange their earned points for Hudson’s Bay, AAdvantage Miles, American Airlines, Cathay Pacific Asia Miles, British Airways Avios,  or WestJet Dollars Rewards points.

RBC Rewards Visa features an extremely versatile rewards program. Available rewards for your earned RBC points include paying off your account debt, gift cards, travel incentives, brand products, and Exclusive RBC Financial Reward coupons. It is vital to note that cardholders can use the RBC Financial Reward vouchers to buy specific investment products or even pay off their loans. The best part is that you can begin redeeming your earned points from 2,500 points.

Benefits of the Signature RBC Rewards Visa Card

  • Minimal annual charges: students and RBC Signature No Limit Banking clients and students pay no fee. Otherwise, the standard annual fee is $39, which is relatively low compared to other cards. Note that there are no extra annual costs for additional cards linked to the account.
  • Virtually anyone who is above the age of majority can get the card
  • Upon approval, you will receive 7,000 bonus welcome points.
  • Get rewards like those from a premium card. Collect 1 point for each $1 spent on eligible purchases, plus some additional points when you use your card to make purchases at certain merchants. Redeem your points for RBC Financial Rewards vouchers, gift cards, goods, and travel rewards. Starting with as little as 2,500 points, you may earn rewards!
  • Upon linking your Signature card to your DoorDash account, you qualify for $0 delivery costs for up to three months on unlimited orders. You also get a 3-month DoorPass subscription worth $30
  • Save up to $3 on every litre of gas from Petro-Canada when you use your card. Cardholders also gain 20% extra RBC Rewards Points and 20% more Petro-Canada points
  • Great insurance coverage.
  • Exceptional safety and security features. The card uses PIN and chip technology as well as Zero Liability Protection, which protects cardholders from fraudulent buys
  • The card offers a convenient and reliable payment method since you can use your Apple Watch and iPhone to pay with Apple Pay and RBC Mobile app

Cardholders can also opt to take full advantage of their card by subscribing to the optional add-on services to protect your family, your identity, and the balance in your credit card account. Such add-on services include:

  • Identity theft and credit protection
  • RBC Road Assist
  • Add-on Travel Insurance
  • Balance Protector Insurance

Details and Eligibility

The RBC Rewards Card strives to be a card that most Canadians can use; urging even students to enrol. You will need a “Good” credit score ranging from 660 to 724 to qualify for this card. However, there are no card application requirements that specify a minimal average wage limit.

When it comes to its fees and rates, the annual cost of the card is $39, which is relatively low compared to other credit cards. Students (terms and conditions apply) and RBC Signature No Limit Banking clients pay no fee. Note that there are no extra annual costs for additional cards linked to the account. On purchases, the rate of interest is 19.99 %, while balance transfers and cash advances have an interest rate of 22.99 %.

Insurance Coverage

This card also features great insurance benefits for cardholders. They include:

  • Coverage for car rental theft and damage
  • Coverage for travel accidents worth up to $500,000
  • Purchase protection for up to 90 days
  • Extended warranty insurance for up to 12 months

Signature RBC Rewards Visa FAQs

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

  • 1 BMO Rewards point for every $1 spent
  • Get 2x BMO Rewards points and up to 25% off rentals at participating locations

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

  • Enjoy Priority Pas membership and 6 airport lounge visits per year – a value of almost $300 USD
  • Get Priority Security Lane, airport parking and valet service discounts at select Canadian airports
  • Access the Visa Infinite Luxury Hotel Collection with exclusive benefits (like free breakfast)
  • Connect to the Visa Infinite Privilege Concierge – it’s like having a personal assistant on call!

Earn up to 110,000 bonus Membership Rewards® points

Interest Rate: 

30%

Balance Transfer: 

N/A

Annual Fee: 

$199

Network: 

AMEX

  • Earn 1X the points on everything
  • Redeem for travel rewards, statement credits and more
  • Maximize cash flow with up to 55 interest-free days

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

  • 2X POINTS on eligible travel Including flights, hotels, car rentals, cruises, and more
  • 2X POINTS on everyday purchases on eligible gas, grocery & drugstore purchases in Canada
  • 1X POINTS on everything else from dining to takeout, subscriptions, shopping, and more
  • 1 ADDITIONAL POINT on Amex Travel Online on eligible hotel or car rental bookings4

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

Signup/Welcome bonus from HSBC +Reward MasterCard users

When signing up to the +Rewards MasterCard, you will get 30,000 points equal to a $150 travel value when spending $2,000 within the first six months. Moreover, you will get a full annual fee elimination for the first year, having a $25 value when signing up for the program by March 29, 2021.
  • You will be getting 2 points for every dollar purchase on available dining or entertainment
  • Get a point for every dollar on your all everyday shopping
  • Spend $2,000 in the first 180 days to earn 30,000 Points
  • Earn 35,000 Points ($175 travel value). Must apply by January 31, 2022.
  • Get 2 Points for every $1 on eligible dining or entertainment purchases
  • Earn 1 Point for every $1 on all other everyday purchases

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

MBNA offers the option of redeeming points according to the user’s preferences. For instance, you could get the points added to the credit card statement, or withdraw the cash by issuing a cheque. Alternatively, you could deposit the amount into your savings or chequing account or donate to a charitable organization. MBNA offers a travel catalogue that lists the reward points and merchandise you could order. You can redeem 100 points for every $1 for travel and 200 points for $1 for donating to charity. In case you lose the card, you can expect to get a replacement within 7 to 10 days via courier service. MBNA provides facilities like Credit Line Increase Decisions during business hours. If you need cash advances, access them at worldwide banks and ATMs. Any purchases you make using the MBNA card entitles you to an additional one-year warranty. You also get purchase assurance for most items purchased within the first 90 days of opening an account with MBNA. All transactions made using the MBNA are absolutely secure and protected against fraud thanks to the CVC code, chip, and 4-digit Personal Identification Number (PIN).

  • 5,000 bonus points after your first eligible purchase within the first 90 days
  • 5,000 bonus points once enrolled for e-statements within the first 90 days
  • Earn 2 points for every $1 spent on eligible purchases
  • Variety of options to redeem points
  • $0 annual fee
  • Easy-to-get welcome bonuses
  • No eligibility requirements, so anyone can apply
  • Competitive interest rates

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 up to 30,000 points – 25,000 points when you spend $3,000 in the first 3 months
  • Plus earn 5,000 points on your first anniversary, and the $150 annual fee waived in the first year
  • Earn 3 points for every $1 you spend on eligible travel, dining and entertainment
  • Earn 2 points for every $1 spent everywhere else
  • Unlimited trips-per-year travel coverage
  • Get airport lounge access
  • High base earn rate
  • Competitive interest rates
  • Get discounts on admission to Canadian Cirque du Soleil shows and Vegas shows

Get 5x the points on takeout, groceries and more

Interest Rate: 

20.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Card Type: 

Rewards

Signup/Welcome Bonus Offered from BMO Eclipse Visa Infinite

While the first requirement to earn the welcome bonus is a bit hefty, it will definitely pay off. If you can spend $3000 on your card within 90 days of activation, you’ll receive a staggering 25,000 bonus points just for that. On your 1st year anniversary of registering the card, another 15,000 bonus points will be added to your balance to be spent however you wish. On top of the 40,000 points you can earn in the first year, the annual fee will also be waived, so you will not need to spend the $120 dollars until your second year of card ownership.
  • Get up to 40,000 points and the $120 annual fee waived in the first year
  • 5x times the points for every $1 spent on groceries, dining in and out, gas and transit
  • Earn 10% more points on all purchases when you add an authorized user to your account
  • Diverse and inclusive insurance coverage
  • Affordable annual fee
  • High earn rate on frequent purchases
  • High earn rate with meaningful rewards

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

  • 15,000 bonus points after your first eligible purchase within the first 90 days
  • 5,000 bonus points once enrolled for e-statements within the first 90 days
  • Earn 5 points for every $1 spent on eligible purchases
  • Get up to 30,000 points (up to C$300 in travel value) as a welcome bonus within the first 90 days of opening the account.

 

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

  • In your first year, you can earn 2,500 Membership Rewards® points for each monthly billing period
  • Plus, you can earn a Welcome Bonus of 20,000 Membership Rewards points
  • Impressive earn rate for meaningful rewards
  • Includes reliable and comprehensive travel insurance
  • Cardholders receive exclusive invites and offer through AMEX
  • Multiple redemption options

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 5,000 bonus Scene+ points with your first $750 in everyday purchases in the first 3 months
  • Earn 5 Scene+ points for every $1 you spend on credit card purchases at Cineplex™ theatres or at cineplex.com
  • Earn 1 Scene+ point for every $1 you spend on your everyday credit card purchases

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

  • The only major bank that saves you 2.5% on foreign transaction fees
  • Earn up to 40,000 bonus Scene+ points in your first year
  • Plus, no annual fee in the first year
  • Get a 0.00% introductory interest rate on balance transfers for the first 6 months

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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