Best Rewards Credit Cards

Using a rewards credit card for the majority of your purchases each day, especially if you pay off your balance every month, can enable you to receive some concrete benefits.

Click below to scroll down to each section:

What Are Rewards Credit Cards?

The basic idea behind the best rewards credit cards in 2018 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 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 2018 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.

Canada’s Best Rewards Credit Cards for 2018 - Top 3

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).

American Express Cobalt

One of the best rewards credit cards for Canadian bon vivants and gourmands is the American Express Cobalt. For each dollar you spend when eating out you earn a whopping five points. You also receive points for food delivery, and even on grocery bills.

American Express Cobalt is diverse, in that it also offers two points for each dollar you spend on travel, including gas, hotel stays, and ground transport. For any other purchase, you earn one point per dollar. Another major plus is the welcome bonus of up to 40,000 points. To receive this bonus, you must use the card to make a minimum of $3,000 in purchases during the first three months, and then spend $500 each month for the balance of the first year.

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer: NA

Cash Advance: 22.99%

Sign-up Bonus

Scotiabank SCENE Visa

Genuine movie enthusiasts can benefit significantly from Scotia SCENE. You receive five points for every dollar you spend in Cineplex Odeon theatres. If you opt to view your movies elsewhere, you’ll receive one point for every dollar you spend. The welcome bonus is 4,000 points or the equivalent of getting four movie tickets free.

This rewards configuration is worthwhile because you only need 1,000 points for a free movie ticket. Even if you don’t use your card anywhere else, since movie tickets plus popcorn cost around $17, you’ll be getting tickets free for every 10-12 visits to the cinema. You can also redeem rewards for options such as music, which begins at 1,000 points.

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

5,000 Bonus SCENE Points†

Scotiabank Gold American Express Card

Scotiabank Gold American Express Card offers the most exceptional reward rate in Canada at the moment: four Scotia Rewards points on grocery, gas, entertainment, and dining, and one Scotia Rewards point on anything else. You get an excellent spending bonus of $300 in free travel for every $750 spent.

With this credit card, it's easy to redeem your points to pay for travel expenses. It carries enormous travel insurance benefits, which include trip cancellation, travel medical (and travel emergency medical), lost or delayed luggage, rental car collision, and more. If you travel, these benefits can quickly add up to around $1,000 per year.

You also get fringe benefits such as access to VIP lounges worldwide. Scotiabank Gold Amex card also gives you access to exclusive offers and discounts on airfare, hotels, cruises, vacation packages, and car rentals.

Interest Rate

19.99%

Annual Fee

First Year Free

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Earn 30,000 bonus points worth $300 in travel. Plus, first year annual fee waiver†.

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 traveler, for instance, then 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.




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29 Results

Interest Rate

19.95%

Annual Fee

No Annual Fee

Balance Transfer: 3% of amount transferred**

Cash Advance: 19.95%

Sign-up Bonus

3% Balance Transfer & Earn 2% Money-Back Rewards on purchases

Interest Rate

Charge Card

Annual Fee

$150

Balance Transfer: n/a

Cash Advance: n/a

Sign-up Bonus

Welcome Bonus 25,000 Membership Rewards*


Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 21.99%

Cash Advance: 24.99%

Sign-up Bonus

5,000 bonus MBNA Rewards points

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Receive 15,000 bonus More Rewards points when you make your first purchase in 90 days*

Interest Rate

19.99%

Annual Fee

$89

Balance Transfer: 21.99%

Cash Advance: 24.99%

Sign-up Bonus

Receive 10,000 Bonus Points††

Interest Rate

Charge Card

Annual Fee

$699

Balance Transfer: n/a

Cash Advance: n/a

Sign-up Bonus

Welcome Bonus 50,000 Membership Rewards*

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer: n/a

Cash Advance: 22.99%

Sign-up Bonus

Interest Rate

19.99%

Annual Fee

$65

Balance Transfer: 1.99%

Cash Advance: 22.99%

Sign-up Bonus

Welcome Bonus 2,000 Air Miles & 1.99% Balance Transfer for first 6 months

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 1.99%

Cash Advance: 22.99%

Sign-up Bonus

Welcome Bonus 500 Air Miles & 1.99% Balance Transfer for first 6 months

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

10,000 Blue Sky Points

Interest Rate

19.99%

Annual Fee

$399

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

Earn 30,000 Scotia Rewards bonus points, worth $300 in travel, with your first card purchase within first two months*

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

15,000 Aeroplan Mile

Interest Rate

19.99%

Annual Fee

$39

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

5,000 Aeroplan Miles

Interest Rate

19.99%

Annual Fee

$39

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

5,000 Aventura Points after first purchase

Interest Rate

19.99%

Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Sign-up Bonus

5,000 Bonus SCENE Points†

Interest Rate

19.99%

Annual Fee

$39

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

5,000 Aeroplan Miles

Interest Rate

19.99

Annual Fee

0

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

4,500 Esso Extra points with your first purchase

Interest Rate

19.99%

Annual Fee

No Fee

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

$20 in Tim Cash as a Welcome Bonus when you spend first $200 .

Interest Rate

19.99%

Annual Fee

$150

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

Get $200 in travel rewards.

Interest Rate

19.9%

Annual Fee

$35

Balance Transfer: 19.9%

Cash Advance: 22.99%

Sign-up Bonus

Earn 1% toward travel on all credit card purchases

Interest Rate

25.99%

Annual Fee

No Annual Fee

Balance Transfer: 21.49%

Cash Advance:

Sign-up Bonus

N/A

Interest Rate

19.99%

Annual Fee

No Fee

Balance Transfer: 21.99%

Cash Advance: 21.99%

Sign-up Bonus

$20 Tim Cash

Interest Rate

19.99%

Annual Fee

$0

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

$60 in cash back Bonuses

Interest Rate

19.99%

Annual Fee

$0

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

500 Air Miles Reward

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

15,000 Aventura Point after first purchase

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

15,000 Aventura Point on first purchase

Interest Rate

19.99%

Annual Fee

$39

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

5,000 Aventura Point on first purchase

Interest Rate

19.99%

Annual Fee

$399

Balance Transfer:

Cash Advance: 22.99%

Sign-up Bonus

50,000 Aeroplan Miles

Interest Rate

19.99%

Annual Fee

$120

Balance Transfer: NA

Cash Advance: 22.99%

Sign-up Bonus

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