With the right rewards credit card, you can earn points to put towards cash back, travel, financial products, merchandise, gift cards, and even charitable donations. The key to finding the best rewards card is to select one that matches your spending habits and your reward goals.
Below, we highlight our favourite cash back, travel, airline, and hotel rewards cards to help you get a jump start on finding the best-fitting card for you.
The best rewards credit cards in Canada
We’ve selected top cards across the cash back and travel rewards categories:
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Gold: Best for cash back rewards
CIBC Dividend Visa Infinite Card
Earn up to 5 MR points per $1 spent and transfer them to partner loyalty programs.
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Annual Fee:
$120
Interest Rates:
21.99% purchase, 22.99% cash advance, 22.99% balance transfer
Welcome offer:
$250 value
Join and earn up to $400 in value including a first year annual fee rebate.†
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Gold: Best for travel rewards
Scotiabank Gold American Express Card
Earn up to 6 Scene+ points per $1 spent and access incredible travel perks, including no foreign transaction fees.
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Annual Fee:
$120
Interest Rates:
20.99% purchase, 22.99% cash advance, 22.99% balance transfer
Welcome offer:
$500 value
Earn up to $1,050 in welcome offers, first year rewards and savings value, including no annual fee in your first year, and up to 50,000 bonus Scene+ points.
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Gold: Best for airline rewards
TD Aeroplan Visa Infinite Card
Free checked bags on Air Canada flights, flexible redemptions and a Nexus fee rebate every four years.
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Annual Fee:
$139
Interest Rates:
21.99% purchase, 22.99% cash advance, 22.99% balance transfer
Welcome offer:
$500 value
Earn a welcome bonus of 10,000 Aeroplan points when you make your first Purchase with your new Card. Earn an additional 15,000 Aeroplan points when you spend $7,500 in the first 180 days. Conditions apply. Offer effective as of September 4, 2025
Anniversary bonus:
$400 value
Best for cash back rewards: Rogers Red World Elite Mastercard
There’s a lot of love for the Rogers Red World Elite Mastercard. With no annual fee, this cashback credit card offers 1.5% cash back on all purchases—that’s a major reward win. And in addition to a bonus for Rogers, Fido, and Shaw customers, this card comes with 3% cash back on transactions in U.S. dollars, effectively eliminating the standard 2.5% foreign transaction fee.
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Rogers Red World Elite Mastercard
Annual fee: $0
Rewards: 1.5% to 3% cash back
- 3% cash back on all U.S. dollar purchases
- 1.5% on all other purchases (2% for Rogers, Fido and Shaw customers)
Welcome offer: None at this time.
Card details
| Interest rates | 25.99% on purchases, 27.99% on cash advances, 27.99% on balance transfers |
| Income required | $80,000 per year |
| Credit score | 725 or higher |
Pros and cons
Pros
- Simple rewards structure: With the minimum earn rate of 1.5% cash back on all purchases, you don’t have to think about maximizing bonus categories or rewards tiers. The base earn rate is higher than any other no-fee card in Canada.
- Offset forex fees on U.S. purchases: 3% cash back on purchases made in U.S. dollars, both in-person and online, which is enough to offset the typical 2.5% foreign transaction fee.
- Rogers customer bonus: Rogers, Fido, and Shaw customers earn an additional 0.5% on all purchases (for a total of 2%). Plus, get a 1.5x redemption bonus when applying back rewards to bill payments with one of the three companies.
- Flexible redemptions: Cash out your rewards once you’ve accumulated a minimum of $10 cash back.
- No annual fee: Most comparable cards charge an annual fee of $120, which offsets some of the cash back you earn each year. This is a unique no-fee World Elite Mastercard.
- Broad acceptance: You can use this card at most stores in Canada, including all the major grocers and even at Costco (in fact, it’s an excellent Costco card).
Cons
- Flat earn rate: Other cards offer higher earn rates on select categories, which could help you reap more rewards, depending on your spending habits.
- High income requirements: You’ll need a personal income of at least $80,000 personal or $150,000 in annual household income to qualify.
Best for travel rewards: Scotiabank Gold American Express
The Scotiabank Gold American Express card is our pick for the best travel credit card in Canada thanks to its competitive earn rates, comprehensive travel insurance package, and other valuable perks, like no foreign transaction fees. It offers one of the highest rates of return on everyday spending, too.
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Scotiabank Gold American Express
Annual fee: $120
Rewards: 1 – 6 Points per dollar
- 6 points per $1 at Sobeys-affiliated stores
- 5 points per $1 on dining, entertainment and groceries
- 3 points per $1 on gas, transit and streaming
- 1 point per $1 on everything else
- Pay no FX fees on foreign purchases
Welcome offer: Earn up to $1,050 in value in the first 12 months, including up to 50,000 bonus Scene+ points. Offer ends January 1, 2026.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | $12,000 per year |
| Credit score | 725 or higher |
| Point value | 1 Scene+ point = $0.01 when redeemed for travel, store purchases and food and drink at Cineplex and Scene partners |
Pros and cons
Pros
- High earn rate: Earn up to 6 points per $1 on groceries and 5 points per $1 on dining, food delivery, and entertainment spending. This is among the best reward rates for these categories in Canada. You’ll also earn 3 points per $1 on gas and transit purchases.
- Redemption window: Through the “apply points to travel” option, you can redeem your points retroactively for up to 12 months after you make a travel purchase.
- Comprehensive insurance benefits: The card offers robust travel insurance coverage, including $1 million in medical travel insurance for up to 25 days—one of the longest coverage periods available.
- No foreign transaction fees: Enjoy savings on foreign currency transactions while travelling or shopping online, as this card waives the usual 2.5% foreign transaction fee.
Cons
- Fixed point redemption value: While the earn rates are high with this card, its points are always valued at $0.01 and cannot be transferred to airline frequent flyer programs, unlike some other travel cards.
- No free lounge passes: This credit card doesn’t include free airport lounge access but offers discount on Priority Pass memberships with discounted lounge access.
- Limited acceptance: American Express is not as widely accepted in Canada as Visa and Mastercard, and you can’t use it at Costco and Loblaw-owned stores.
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Best for airline rewards: TD Aeroplan Visa Infinite
If you’re looking for a high-earning rate Aeroplan card with simple redemptions, take note of our pick for best airline credit card. The TD Aeroplan Visa Infinite card comes with perks like the $100 NEXUS fee rebate and free checked bags for you and up to eight travelling companions.
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TD Aeroplan Visa Infinite Card
Annual fee: $139 (waived first year)
Rewards: 1 – 1.5 Points per dollar
- 1.5 Aeroplan points per $1 on gas, EV charging, groceries and purchases
- 1.5 Aeroplan points per $1 on purchases made directly through Air Canada (including vacation packages)
- 1 point per $1 on all other purchases
Welcome offer: Earn up to $1,450 in value including up to 45,000 Aeroplan points could be yours. Plus, enjoy no annual fee for the first year. Conditions Apply.
Card details
| Interest rates | 21.99% on purchases, 22.99% on cash advances (21.99% in Quebec), 22.99% on balance transfers (21.99% in Quebec) |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 680 or higher (recommended) |
| Point value | Aeroplan points are worth $0.02 on average |
Pros and cons
Pros
- Flexible redemptions: Use Aeroplan points when booking Air Canada seats without restrictions or blackout periods. Plus, redeem points for flights with other airlines in the Star Alliance program, including United Airlines and Lufthansa.
- NEXUS fee rebate: Get a $100 rebate on your Nexus customs travel application every 48 months.
- Competitive insurance package: Includes emergency medical travel coverage for 21 days, or 4 days for those 65 and older.
- Double Aeroplan points: Get double the Aeroplan points when using this card alongside your Aeroplan card at participating retailers, such as Best Buy, LCBO, and many, many more.
Cons
- Complex loyalty program: Aeroplan is a dynamic chart-based program, meaning point values fluctuate based on where and when you’re flying. If you want simple point redemptions, this may not be the program for you.
- Relatively high annual fee: This card has a slightly higher annual fee compared to other cards in this category, although the fee is waived for the first year.
Best for hotel rewards: Marriott Bonvoy American Express
With the ability to redeem for everything from room upgrades to spa trea