Best Credit Cards in Canada (2026)

Quick Answer: The highest cashback rate here is 5% on groceries with the BMO CashBack World Elite Mastercard. For travel, the TD First Class Travel Visa Infinite leads. The best no-annual-fee card is the PC Financial World Elite Mastercard at 4.5% on loblaws shoppers.

We compare 19 Canadian credit cards across cashback rates, annual fees, welcome bonuses, and perks. Here are the top picks for 2026.

💰 Best Cashback ✅ No Annual Fee ✈️ Best Travel 🎓 Student

Best Cashback Credit Cards Canada

Card details verified October 9, 2026

Card	Annual Fee	Top Earn Rate	Welcome Bonus	Apply
Best Pick BMO CashBack® World Elite® Mastercard® BMO · Mastercard	$120/yr	5%on groceries	$40/month cash back for first 12 months	Apply Now →
American Express Cobalt® Card American Express · Amex	$191.88/yr	5%on food and dining	Up to 15,000 Membership Rewards points	Apply Now →
PC Financial® World Elite Mastercard® PC Financial · Mastercard	No fee	4.5%on loblaws shoppers	—	Apply Now →
Simplii Financial™ Cash Back Visa* Simplii Financial · Visa	No fee	4%on dining	10% cash back on dining for first 3 months	Apply Now →
Rogers World Elite Mastercard® Rogers Bank · Mastercard	No fee	4%on foreign currency	3% cash back on all purchases for the first 3 months	Apply Now →
CIBC Dividend® Visa Infinite* CIBC · Visa	$120/yr	4%on groceries	Up to $250 cash back	Apply Now →
TD Cash Back Visa Infinite* TD Bank · Visa	$139/yr	3%on groceries	Up to $600 total value: 10% cash back in the first 3 months on up to $3,500 spend, plus annual fee rebate for primary + first additional cardholder	Apply Now →
MBNA Rewards Platinum Plus® Mastercard® MBNA · Mastercard	No fee	2%on restaurants	Up to 10,000 bonus points (5,000 on $500 in 90 days + 5,000 for e-statements)	Apply Now →
Tangerine Money-Back Credit Card Tangerine · Mastercard	No fee	2%on 3-categories-of-choice	—	Apply Now →
BMO Student Mastercard* BMO · Mastercard	No fee	1%on everything	—	Apply Now →

* Rates and offers subject to change. Verify with the card issuer before applying. We may earn a commission on approved applications at no cost to you.

Best No-Fee Credit Cards Canada

Card details verified September 28, 2026

Card	Annual Fee	Top Earn Rate	Welcome Bonus	Apply
Best Pick PC Financial® World Elite Mastercard® PC Financial · Mastercard	No fee	4.5%on loblaws shoppers	—	Apply Now →
Simplii Financial™ Cash Back Visa* Simplii Financial · Visa	No fee	4%on dining	10% cash back on dining for first 3 months	Apply Now →
Rogers World Elite Mastercard® Rogers Bank · Mastercard	No fee	4%on foreign currency	3% cash back on all purchases for the first 3 months	Apply Now →
TD Rewards Visa* Card TD Bank · Visa	No fee	4%on travel via expedia	37,880 TD Rewards Points on $1,000 spend within the first 3 months (offer valid for accounts opened 2026-06-30 through 2026-11-02)	Apply Now →
Scotiabank® Scene+™ Visa* for Students Scotiabank · Visa	No fee	4%on scene travel hotels cars	Up to 5,000 Scene+ points (2,500 on $250 in 3 months + 2,500 on $1,000 in 3 months)	Apply Now →
MBNA Rewards Platinum Plus® Mastercard® MBNA · Mastercard	No fee	2%on restaurants	Up to 10,000 bonus points (5,000 on $500 in 90 days + 5,000 for e-statements)	Apply Now →
Tangerine Money-Back Credit Card Tangerine · Mastercard	No fee	2%on 3-categories-of-choice	—	Apply Now →
Scotiabank Scene+™ Visa* Scotiabank · Visa	No fee	2%on scene partners	Up to 5,000 Scene+ points (2,500 on $250 in 3 months + 2,500 on $1,000 in 3 months)	Apply Now →
BMO Student Mastercard* BMO · Mastercard	No fee	1%on everything	—	Apply Now →

* Rates and offers subject to change. Verify with the card issuer before applying. We may earn a commission on approved applications at no cost to you.

Best Travel Credit Cards Canada

Card details verified October 9, 2026

Card	Annual Fee	Top Earn Rate	Welcome Bonus	Apply
Best Pick TD First Class Travel® Visa Infinite* TD Bank · Visa	$139/yr	8%on travel via expedia	160,000 TD points (20,000 on first purchase + 140,000 on $7,500 spend within 180 days)	Apply Now →
Scotiabank Gold American Express® Card Scotiabank · Amex	$120/yr	5%on groceries	Up to 50,000 Scene+ points (30,000 on $2,000 in 3 months + 20,000 on $7,500)	Apply Now →
American Express Cobalt® Card American Express · Amex	$191.88/yr	5%on food and dining	Up to 15,000 Membership Rewards points	Apply Now →
National Bank World Elite Mastercard® National Bank · Mastercard	$150/yr	5%on groceries	Up to 40,000 points	Apply Now →
Rogers World Elite Mastercard® Rogers Bank · Mastercard	No fee	4%on foreign currency	3% cash back on all purchases for the first 3 months	Apply Now →
Scotiabank Passport® Visa Infinite+* Scotiabank · Visa	$150/yr	2%on groceries	Up to 35,000 Scene+ points (25,000 on $2,000 in 3 months + 10,000 annual bonus on $40,000 spend)	Apply Now →
CIBC Aventura® Visa Infinite* CIBC · Visa	$139/yr	2%on travel via cibc rewards	Up to 60,000 Aventura Points (15,000 on first purchase + 30,000 on $3,000 spend + 15,000 on $5,000 net purchases, all within first 4 statements) — up to $1,900 in value incl. fee rebate, lounge access and Skip+ membership	Apply Now →
Scotiabank Scene+™ Visa* Scotiabank · Visa	No fee	2%on scene partners	Up to 5,000 Scene+ points (2,500 on $250 in 3 months + 2,500 on $1,000 in 3 months)	Apply Now →
RBC Avion® Visa Infinite* RBC · Visa	$120/yr	1.25%on travel	Up to 70,000 Avion points (35,000 on approval + 20,000 on $5,000 spend in 6 months + 15,000 one-time anniversary bonus), offer expires 2026-11-25	Apply Now →

* Rates and offers subject to change. Verify with the card issuer before applying. We may earn a commission on approved applications at no cost to you.

Best Student Credit Cards Canada

No annual fee, no income requirement. These cards are designed for students building credit for the first time.

Card details verified September 28, 2026

Card	Annual Fee	Top Earn Rate	Welcome Bonus	Apply
Best Pick TD Rewards Visa* Card TD Bank · Visa	No fee	4%on travel via expedia	37,880 TD Rewards Points on $1,000 spend within the first 3 months (offer valid for accounts opened 2026-06-30 through 2026-11-02)	Apply Now →
Scotiabank® Scene+™ Visa* for Students Scotiabank · Visa	No fee	4%on scene travel hotels cars	Up to 5,000 Scene+ points (2,500 on $250 in 3 months + 2,500 on $1,000 in 3 months)	Apply Now →
BMO Student Mastercard* BMO · Mastercard	No fee	1%on everything	—	Apply Now →

* Rates and offers subject to change. Verify with the card issuer before applying. We may earn a commission on approved applications at no cost to you.

Frequently Asked Questions

What credit score do I need for a premium credit card in Canada?

Most premium cards (like the BMO World Elite or Scotiabank Passport Infinite) require a credit score of 725+, considered 'good' by Canadian bureaus (Equifax/TransUnion). No-fee cards like the Tangerine Money-Back typically require 660+.

Are credit card rewards taxable in Canada?

Generally, no. The CRA treats most credit card cashback and points as a discount on purchases rather than income, so they are not taxable for personal use. Business reward redemptions may be different — consult a tax professional.

What's the best credit card for groceries in Canada?

The TD First Class Travel Visa Infinite earns 6% on groceries — the highest of the 19 cards we compare. If you'd rather not pay an annual fee, the MBNA Rewards Platinum Plus Mastercard earns 2% with no fee.

Which Canadian credit card has no foreign transaction fees?

The Scotiabank Passport Visa Infinite and the Rogers World Elite Mastercard both waive the standard 2.5% foreign transaction fee — essential for frequent travellers.

Can I have multiple credit cards in Canada?

Yes. Many Canadians hold 2–3 cards optimized for different spending categories. For example, a 5% grocery card + a no-fee everyday card + a travel card for flights.

Source: curated card list · 19 cards · verified October 9, 2026 · live sheet not in use (empty)

This is not financial advice. Credit card features, rates, and offers change frequently — always verify with the issuer before applying. We may receive a commission on approved applications, per Canada's Competition Act disclosure requirements.