Bank card comparability instrument
Examine your Visa choices with our interactive instrument and filter bank cards based mostly on rewards worth, annual charges, revenue necessities and extra.
Why belief us
MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial group of skilled journalists works intently with main private finance consultants in Canada. That can assist you discover the very best monetary merchandise, we evaluate the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Be taught extra about our promoting and trusted companions.
The most effective Visa playing cards by class
As the biggest bank card firm on the planet, Visa is a strong selection for any Canadian wanting the peace of mind of large card acceptance each at residence and overseas—Visa playing cards are accepted in additional than 200 international locations and territories. However which Visa do you have to select? This information to the very best Visa playing cards in Canada will assist you resolve.
| Greatest playing cards by class | Why we adore it |
|---|---|
| Greatest money again Visa CIBC Dividend Visa Infinite Annual payment: $120 |
Between 2% and 4% money again throughout 5 main spending classes, plus simple redemptions |
| Greatest no-fee money again Visa Simplii Monetary Money Again Visa Annual payment: $0 |
Good for eating out, with 4% money again on restaurant, bar and low store purchases |
| Greatest journey rewards Visa TD First Class Journey Visa Infinite Card Annual payment: $139 |
Robust return on spending when reserving with Expedia for TD, plus an annual $100 journey credit score |
| Greatest airline journey bank card (Aeroplan) TD Aeroplan Visa Infinite Card Annual payment: $139 |
Excessive earn charges on gasoline, groceries and Air Canada purchases, simple redemptions and a $100 Nexus payment rebate each 2 years |
| Greatest low-interest Visa Flexi Visa Annual payment: $0 |
A low 10.90% rate of interest on purchases, with no annual payment |
Greatest money again Visa
At a look: Take the sting out of rising costs with the CIBC Dividend Visa Infinite’s return of 4% money again on gasoline, EV charging and groceries, and a couple of% again on each day transit (together with rideshares and public transit), eating and recurring funds. You’ll additionally get perks like journey medical and rental automotive collision insurance coverage.
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CIBC Dividend Visa Infinite
Annual payment: $120 (rebated first 12 months)
Welcome supply: earn a ten% money again welcome bonus of as much as $250 (first 4 statements). Supply not accessible to QC residents. Phrases and situations apply.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 725 or greater |
Professionals
- Excessive earn charges on 5 classes: Presents spectacular bonus charges of between 2% and 4% money again throughout 5 main spending classes.
- Simple redemption: Get your money again while you need it, utilizing the CIBC app. With many different playing cards, rewards are deposited into your account as soon as per 12 months.
- Gasoline financial savings: Hyperlink your card to Journie Rewards to get deeper reductions on gasoline at collaborating Pioneer, Fas Gasoline, Ultramar and Chevron stations.
- Insurance coverage protection: Comes with journey, automotive rental and new cellular system insurance coverage.
Cons
- Restricted journey insurance coverage: The cardboard’s emergency journey medical insurance coverage covers the primary 10 days of your journey, so that you’ll have to purchase further insurance coverage for longer journeys. Plus, there’s no misplaced and delayed baggage insurance coverage.
- Incomes cap: The caps on bonus earn charges are a bit stricter than these of another playing cards. After reaching $20,000 in purchases throughout the bonus classes or $80,000 in complete spending, any further purchases will solely earn 1% money again. This resets the day after your December assertion is issued.
Honourable point out
At a look: The Scotiabank Momentum Visa Infinite is our runner-up for the very best money again Visa for its sturdy buy and journey safety, in addition to its excessive earn charges—4% on groceries and recurring payments, 2% on gasoline and each day transit (together with public transit, taxis and rideshares), and 1% on all different purchases.
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Scotiabank Momentum Visa Infinite
Annual payment: $120
Welcome supply: earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in complete purchases). No annual payment within the first 12 months, together with on further playing cards. Supply ends October 31, 2024.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 725 or greater |
Greatest no-fee money again Visa
At a look: The no-fee Simplii Monetary Money Again Visa gives 4% money again on purchases at eating places, bars and low retailers, making it a high decide for many who wish to dine out. The 1.5% return on gasoline, groceries and drugstore purchases can also be respectable.
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Simplii Monetary Money Again Visa
Annual payment: $0
Welcome supply: earn a $100 Skip Digital Reward Card† and 10% money again on eligible eating places, meals supply and bar purchases to your first 4 months (as much as $500 spend)†. Phrases and situations apply. Click on “go to website” for full particulars. This supply just isn’t accessible for residents of Quebec.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | $15,000 per 12 months |
| Credit score rating | 660 or greater |
Greatest journey rewards Visa
At a look: When utilized in live performance with the Expedia for TD website, the TD First Class Journey Visa Infinite card may help you rack up main journey factors that may be redeemed simply for a variety of journey rewards. This program retains it easy with no blackout dates, no seat restrictions and no expiry to your factors. As one other strong perk, get a $100 annual journey credit score while you spend greater than $500 on Expedia for TD.
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TD First Class Journey Visa Infinite Card
Annual payment: $139 (waived first 12 months)
Welcome supply: Earn as much as $1,000 in worth, together with as much as 135,000 TD Rewards factors and no annual payment for the primary 12 months. Circumstances apply. Account should be authorized by January 6, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 680 or greater (advisable) |
| Anniversary bonus | Earn an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors). |
| Level worth | 1 TD Rewards level = $0.005 when redeemed for journey by way of Expedia For TD or $0.004 when redeemed by way of different suppliers and web sites. |
Greatest airline journey bank card
For Aeroplan
At a look: If Air Canada is your airline of selection, check out the TD Aeroplan Visa Infinite Card. It offers you entry to quite a few airline perks, and with Aeroplan’s journey rewards chart and most popular pricing coverage, you may get nice worth to your factors—if you understand how to play the factors recreation.
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TD Aeroplan Visa Infinite Card
Annual payment: $139 (waived first 12 months)
Welcome supply: Earn as much as $1,300 in worth, together with as much as 40,000 Aeroplan factors and no annual payment for the primary 12 months. Circumstances apply. Account should be authorized by Jan. 6, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $60,000 or family revenue of $100,000 |
| Credit score rating | 680 or greater (advisable) |
| Level worth | Aeroplan factors are value $0.02 on common. |
Greatest low-interest Visa
At a look: The Flexi Visa from Desjardins credit score union is a brilliant monetary instrument for these seeking to get bank card debt underneath management. It gives a low buy rate of interest of 10.90%, in addition to a low money advance charge of 12.90%. Plus, it has some further perks like journey insurance coverage, choose rental automotive reductions and cellular system insurance coverage—all for no annual payment.
Flexi Visa
Annual payment: $0
Low rates of interest: 10.90% on purchases and 12.90% on money advances
Card particulars
| Rates of interest | 10.90% on purchases and 12.90% on money advances |
| Revenue required | Not specified |
| Credit score rating | Not specified |
How we decide the very best Visa playing cards
Our editors apply their bank card experience and data of Canadians’ monetary objectives to provide you with choice standards that matches the wants of the meant cardholder. To seek out the very best Visa playing cards, we began with our listing of the finest bank cards total—with every class having its personal distinct methodology. When the very best card total just isn’t a Visa card, we pull the highest-ranked Visa different. We do the identical for Mastercard and American Specific. The addition of hyperlinks from affiliate companions has no bearing on the outcomes. Learn extra about our choice course of and about how MoneySense makes cash.
