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Best Credit Cards Canada

Best Credit Cards Canada
CompareMyRates is Canada's largest rate & price comparison website - Search, Compare and Save on 1000's of products & services - including Best Mortgage Rates, Credit Cards, GIC Rates, Bank Accounts, Internet Providers, Cell Phone Plans, Home Phone Plans & TV Service Providers.

If you’re intending to benefit from points, miles, and cash rewards, you need the best rewards credit card currently available in Canada. CompareMyRates.ca’s best credit cards for 2018 list will make you jump for joy. This list aims to help consumers plow through the monetary weeds to discover the best credit card. And by the best, we mean one that matches their lifestyle, financial prowess, and spending habits.

IssuerCardType
ScotiabankSCENE VisaRewards
American ExpressSimplyCash Preferred CardCash Back
American ExpressThe Gold Rewards CardTravel Rewards
Canadian Western BankMBNA Rewards MasterCarLow Interest
American ExpressGold Rewards CardBusiness
American ExpressGold Rewards CardNo Annual Fee
BMOSPC Student MastercardStudent
In This Guide show

Best Credit Cards with a Rewards Program

Credit cards aren’t entirely “evil.” Their purpose goes beyond ushering you to spend money and essentially pushing you to be in debt. If you choose the right bank card that fits your lifestyle, you’re able to get rewards. Wouldn’t that be another incentive for you to go shopping?

To take advantage of rewards using a credit card, it’s imperative you choose one that has a clear and beneficial rewards program. Among the available options for those who want to use credit cards for rewards, the best is the Scotiabank SCENE Visa.

The Scotia SCENE is a particularly rewarding bank card for movie lovers. When you use your Scotia SCENE Visa card in Cineplex Odeon cinemas, you earn five points for every dollar spent. In any other cinema, you get one point for every dollar spent. To top it all, you’ll also receive 4000 points as a welcome bonus. That’s the equivalent of four movie tickets for FREE.

Best Credit Cards for Cash Back

A cash back reward program is a bonus for cardholders. It’s an incentive program where a percentage of the total amount spent using the credit card is reimbursed. That’s a pretty neat motivation to use your credit card, right?

There are tons of credit card companies in Canada that offer competitive cash back reward programs. Again, your spending habits play a huge role in determining which program will benefit you the most. One of the best credit cards for cash back purposes is the SimplyCash Preferred Card from AmEx.

When you acquire American Express’s SimplyCash Preferred Card, you’re bound to pay a $99 annual fee. This seems a bit costly, but if you factor in the 2% flat cash back rate on all spending, that’s a pretty good deal. It’s an even better deal if you learn how to maximize your cash back. You can earn back the annual fee easily if you’re able to spend $165 a month throughout the card’s promo period. Afterward, you need to shell out $412.5 a month.

The SimplyCash Preferred Card doesn’t only offer cash back rewards. It also features an array of insurance coverage, which includes car rental, travel, accident, and medical protection. Any purchase paid using the credit card will also instantly double any manufacturer’s warranty period. They are protected against theft as well.

17 Results Updated: August 14, 2019

5.00%

Interest Rate

 

$20.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details

Features

  • Possibility of adding control parameters, like purchasing limits and the ability to block certain types of retailers, for each card holder
  • Online management reports to help you analyze and track expenses
  • An online account management service to allow you to manage your Visa Desjardins Purchasing account on your own
  • Links to major accounting and Enterprise Resource Planning (ERP) solutions.
  • ZERO liability in the event of unauthorized use of your card
  • Liability insurance up to $100,000 per card in the event of card misuse
  • Better security through chip technology
  • PayWave contactless payment technology
  • Optional Business Cheques Service
  • Visa Consumer Authentication Service for your online purchases
  • Visa Account Updater for your recurring transactions

Advantages

  • Better control over business expenses and respect for company purchasing policies
  • Simpler, more accurate purchase accounting for your company
  • Consolidation of information about business purchases
  • Simplification of the process for requests or purchase orders
  • Considerable time and cost savings in your company's procurement process
  • Single payment for all your company purchases: substantial decrease in the number of cheques issued
  • Increased bargaining power with suppliers
  • Decrease in delayed orders

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback

5.00%

Interest Rate

 

$20.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details


Features

  • Online management reports to help you track and analyze your expenses
  • An online account management service to manage your Visa Desjardins Corporate account on your own
  • Corporate Insurance Program at no extra cost including complete travel insurance coverage. Find out more about insurance
  • ZERO liability in the event of unauthorized use of your card
  • Liability insurance up to $100,000 in the event of fraudulent card use
  • Better security through chip technology
  • PayWave contactless payment technology
  • Optional Business Cheques Service
  • Visa Consumer Authentication Service for your online purchases
  • Visa Account Updater for your recurring transactions
  • Desjardins Travel Assistance - For worry-free travel
  • Desjardins Business Assistance - Find out about your business destinations

Advantages

  • Better control over business expenses
  • Integration of data to main accounting and resource planning systems
  • Lower costs associated with employee travel
  • Consolidation of information about business expenses
  • Increased bargaining power with suppliers
  • Simpler and more accurate business expense accounting

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback, Travel Rewards

19.40%

Interest Rate

 

$

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details

Features

  • Complete insurance coverage while travelling for business purposes.
  • Zero Liability in the event of unauthorized use of your card.
  • Liability insurance up to $100,000 in the event the card is used after an employee is terminated
  • New payWave contactless payment technology.
  • Use the Desjardins My US Card service to manage your card online.
  • Visa Account Updater for your recurring transactions.
  • Desjardins Travel Assistance - For worry-free travel
  • Desjardins Business Assistance - Find out about your business destinations.

Advantages

The Visa Desjardins US Business card is an effective management tool that allows you to:

  • pay bills from American suppliers in U.S. currency
  • settle entertainment expenses incurred by your employees while in the United States
  • avoid paying currency conversion fees by paying for purchases in U.S. dollars

The Visa Desjardins US Business card is essential for owners of small businesses, self-employed workers and professionals who travel to the United States for business.

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback
Compare All Cash Back Credit Cards

Best Credit Cards for Balance Transfer

If you haven’t paid your credit card fee in full, then it’s likely that you have a high-interest rate on your debt. Some credit card companies charge up to 30% interest rate. This is especially true if you have missed payments before.

For instance, if your balance every month has an average of $10,000 and you need to pay everything in a year, your interest rate will cost you anywhere between $2000 and $3000 annually. That’s an additional payment you must shell out apart from the principle. That’s a lot of money that you can use for other necessities.

As such, it’s important to look for a credit card that has a low interest rate where you can transfer your balance. Most importantly, you need to strive hard to pay off your debt every month. To help you with a low-interest balance transfer, look into MBNA Canada.

One of the best credit cards for a balance transfer is from MBNA Canada. The credit card provider offers Canada’s lowest interest rate for balance transfers: 0% for 12 months. Not a lot of credit card companies offer that double perk. Some provide 0% interest rate, but only for a handful of months. Others offer a year-long low-interest rate, but not as low as 0%. But with MBNA Canada, you get the best of both worlds. Furthermore, the card doesn’t have an annual fee.

16 Results Updated: August 7, 2019

16.99%

Interest Rate

 

Free

Annual Fee

 

16.99%

Balance Transfer

Promotional Balance Transfer: 3.99% for 6 Months

No Minimum

Minimum Income

Min Credit Score: 300

More Details

Great reasons to get this card

  • Save up to hundreds of dollars a year
  • Pay down higher interest rates balances faster
  • Transfer higher rate balances and save even more

Scotiabank No Annual Fee Credit Card with Low-Interest Rate

GET AN INTRODUCTORY 3.99% INTEREST RATE ON BALANCE TRANSFERS FOR THE FIRST SIX MONTHS

Save up to hundreds of dollars a year on interest

Save with the combination of a low-interest rate and no annual fee – it could add up to hundreds a year!

Pay down higher interest rate balances faster

Stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making.

Transfer higher rate balances and save more

Switch balances over from higher-interest-rate credit cards to the No-Fee Scotiabank Value Visa Card. By consolidating your higher rate balances, you’ll save on interest and make paying bills easier.

Save up to hundreds of dollars a year

  • Introductory 3.99% interest rate on Balance Transfers for the first six months†.
  • 16.99% after the introductory rate
  • Pay down balances faster
  • Simplify your monthly payments

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: Bad Credit / Establish New Credit, Balance Transfer, No Annual Fee

Special Offers

3.99% introductory interest rate on balance transfers for the first 6 months

30.00%

Interest Rate

 

$699.00

Annual Fee

 

-

Balance Transfer

 

$40K / Year

Minimum Income

Min Credit Score: 720

More Details

  • Unlock special experiences with the newly designed metal Platinum Card
  • New Platinum Card® Cardmembers, earn 50,000 Bonus Membership Rewards® points by spending $3,000 in purchases in the first three months of Cardmembership.
  • Earn 3 points for every $1 in Card purchases on eligible dining in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
  • You will have access to a $200 CAD Annual Travel Credit to use towards any single travel booking of $200 or more charged to your Platinum Card and made on www.americanexpress.ca/travel or through Platinum Card® Travel Service.
  • Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium
  • Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
  • Enjoy complimentary benefits that offer an average value of $550 USD at over 1,000 extraordinary properties worldwide when you book Fine Hotels & Resorts.
  • Platinum Cardmembers can enjoy access to special events and unique opportunities
  • Enjoy premium benefits at the Toronto Pearson Airport including security bypass, complimentary valet car service and discount car care and parking
  • You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts®, Radisson Hotel Group, Hertz® and Avis®.
  • As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges.
  • Foreign Transaction Fee: 2.5%
  • *American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Card details

Network: American Express
Provider: American Express Credit Cards
Card type: Balance Transfer, Travel Rewards

Special Offers

50,000 Bonus Membership Rewards® points by spending $3,000 in purchases in the first three months of Cardmembership

19.99%

Interest Rate

 

Free

Annual Fee

 

22.99%

Balance Transfer

 

Any Amount

Minimum Income

Min Credit Score: 640

More Details

  • New SimplyCash™ Card from American Express Cardmembers can earn 2.5% cash back on purchases (up to $150 cash back) for the first 3 months of Cardmembership
  • Earn 1.25% cash back on purchases when your Welcome Rate ends
  • No limit to the amount of cash back you can earn after your Welcome Rate ends
  • Optional Balance Transfer Offer – Enjoy a 1.99% interest in first 6 months of Cardmembership if you choose to transfer your other credit card balances to this American Express card
  • Balance Transfer option is only available at time of online application. There is no balance transfer fee at time of application
  • Access to memorable experiences with American Express Invites®
  • Insurance coverage and 24/7 Customer Service
  • Foreign Transaction Fee: 2.5%
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply

Card details

Network: American Express
Provider: American Express Credit Cards
Card type: Balance Transfer, No Annual Fee, Travel Rewards

Special Offers

2.5% cash back on purchases (up to $150 cash back) for the first 3 months of Cardmembership

Compare All Balance Transfer Credit Cards

Best Credit Cards with Travel Rewards

If you’re a constant traveller, it’s wise to have a credit card with a solid travel rewards program. Otherwise, you’ll be missing a lot.  One of the best credit cards for travellers is the Gold Rewards Card from American Express.

This travel credit card from AmEx is suitable for all types of travellers. It’s a multi-purpose bank card that enables you to make travel-related purchases. If you’ve earned enough points, you can pay for the goods using your credit card points. The Gold Rewards Card program gives you the freedom to go for the best deals you can find. If you’re a frequent traveller, you may also convert your points into a different frequent flyer program.

55 Results Updated: August 14, 2019

5.00%

Interest Rate

 

$20.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details


Features

  • Online management reports to help you track and analyze your expenses
  • An online account management service to manage your Visa Desjardins Corporate account on your own
  • Corporate Insurance Program at no extra cost including complete travel insurance coverage. Find out more about insurance
  • ZERO liability in the event of unauthorized use of your card
  • Liability insurance up to $100,000 in the event of fraudulent card use
  • Better security through chip technology
  • PayWave contactless payment technology
  • Optional Business Cheques Service
  • Visa Consumer Authentication Service for your online purchases
  • Visa Account Updater for your recurring transactions
  • Desjardins Travel Assistance - For worry-free travel
  • Desjardins Business Assistance - Find out about your business destinations

Advantages

  • Better control over business expenses
  • Integration of data to main accounting and resource planning systems
  • Lower costs associated with employee travel
  • Consolidation of information about business expenses
  • Increased bargaining power with suppliers
  • Simpler and more accurate business expense accounting

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback, Travel Rewards

9.90%

Interest Rate

 

$

Annual Fee

 

-

Balance Transfer

 

$200,000

Minimum Income

Min Credit Score: 640

More Details

Other features

  • Visa payWave contactless technology
  • Verified by Visa
  • Mobile payment solutions
  • Balance transfers

Options

  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Online monthly account statements at no charge.

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, Low Interest, Travel Rewards

19.90%

Interest Rate

 

$110.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

More benefits

  • Purchase Protection and Extended Warranty
  • Manage your account
  • Accord D financing
  • Mobile payment
  • Cash advances
  • Visa Checkout
  • Zero Liability in the event of fraud
  • Balance transfers

Options

  • Overdraft transfer to cover a cheque, bill payment, or any other transaction that exceeds the balance in your Personal Chequing Account (PCA) or any other eligible account
  • Credit Balance Insurance for a minimal fee
  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Online monthly account statements at no charge

Even more

  • Better security through chip technology
  • 21-day grace period to pay your bill without incurring credit charges
  • No transaction fees
  • Visa payWave contactless technology
  • Verified by Visa

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, Travel Rewards
Compare All Travel Rewards Credit Cards

Best Credit Cards with Low-Interest Rates

From the get-go, cardholders look for low-interest credit cards. And that’s for good reason. For one, you can transfer your balance from one card to another with a lower interest rate. Also, buying something expensive wouldn’t be a big burden if you’re only paying a small interest. Another good reason is convenience. It’s easier to shell out monthly payments if the interest rate wouldn’t break your wallet. Getting a card that has a low-interest rate should always be your top priority. It trumps any rewards program available elsewhere.

One of the best credit cards for 2018 in terms of low-interest rate is The Canadian Western Bank MBNA Rewards MasterCard Credit Card. This particular MBNA credit card is recognized for its all-time low-interest rate. This credit card has no annual fee. It also has a fixed interest rate. That means there’s only one interest rate applied for all your credit card transactions.

10 Results Updated: August 14, 2019

19.40%

Interest Rate

 

$30.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

Additional card features

  • Cash advances - Up to US$2,500 a day, anywhere in the world.
  • Zero Liability in the event of fraud - Against fraudulent transactions made to your card.
  • Additional card at no annual fee - You can apply for an additional U.S. card, free of charge, for your spouse or other family member.
  • Online account statement - Get a monthly account statement at no charge that you can access anywhere, at any time.

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Low Interest

9.90%

Interest Rate

 

$

Annual Fee

 

-

Balance Transfer

 

$200,000

Minimum Income

Min Credit Score: 640

More Details

Other features

  • Visa payWave contactless technology
  • Verified by Visa
  • Mobile payment solutions
  • Balance transfers

Options

  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Online monthly account statements at no charge.

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, Low Interest, Travel Rewards

10.90%

Interest Rate

 

$50.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

Additional card features

  • Accord D financing
  • Zero Liability in the event of fraud
  • Additional card for a family member for only $10
  • Mobile payments so you can tap and pay with your smartphone
  • Make paying online a breeze with Visa Checkout
  • Cash advances up to $5,000 a day
  • Simple account management
  • Purchase Protection and Extended Warranty
  • Transfer your balances to your Desjardins credit card

Options

  • Overdraft transfer to cover a cheque, bill payment, or any other transaction that exceeds the balance in your Personal Chequing Account (PCA) or any other eligible account
  • Online monthly account statements at no charge
  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Credit Balance Insurance for a minimal fee

Other card features

  • Better security through chip technology
  • 21-day grace period to pay your bill without incurring credit charges
  • No transaction fees
  • Visa payWave contactless technology
  • Enhanced online shopping protection

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, Low Interest, Travel Rewards
Compare All Low Interest Credit Cards

Best Credit Cards for Business

Companies big or small need a credit line. Even entrepreneurs and startups do. If you own a business, having a credit card is imperative. Practicality-wise, the card is used to purchase things you need to run a business. And that happens a lot. From a financial standpoint, a credit card used for business helps you build a strong financial reputation. And in many instances, that counts the most.

Also, you can use your business credit card to acquire bonuses through your business expenses. To take advantage of these perks, you need to pay your balance in full all the time.

On our CompareMyRates site, you’ll find a list of credit cards that are suitable for business use. Most offer generous rewards and bonuses. Some don’t even have a fixed spending limit. But at the top of the list of the best credit cards for business is the Gold Rewards Card from AmEx.

This business credit card presents an outstanding 25,000 points just for a welcome bonus. You can get the points if you use your card for a total purchase of at least $1,500 in the first three months. That amount may look like a lot in print. However, if you run a business, that’s a pretty easy challenge to beat.  That welcome bonus amounts to $300. The points can be used to pay out the same amount that produced the points to begin with.

13 Results Updated: August 14, 2019

5.00%

Interest Rate

 

$20.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details

Features

  • Possibility of adding control parameters, like purchasing limits and the ability to block certain types of retailers, for each card holder
  • Online management reports to help you analyze and track expenses
  • An online account management service to allow you to manage your Visa Desjardins Purchasing account on your own
  • Links to major accounting and Enterprise Resource Planning (ERP) solutions.
  • ZERO liability in the event of unauthorized use of your card
  • Liability insurance up to $100,000 per card in the event of card misuse
  • Better security through chip technology
  • PayWave contactless payment technology
  • Optional Business Cheques Service
  • Visa Consumer Authentication Service for your online purchases
  • Visa Account Updater for your recurring transactions

Advantages

  • Better control over business expenses and respect for company purchasing policies
  • Simpler, more accurate purchase accounting for your company
  • Consolidation of information about business purchases
  • Simplification of the process for requests or purchase orders
  • Considerable time and cost savings in your company's procurement process
  • Single payment for all your company purchases: substantial decrease in the number of cheques issued
  • Increased bargaining power with suppliers
  • Decrease in delayed orders

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback

5.00%

Interest Rate

 

$20.00

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details


Features

  • Online management reports to help you track and analyze your expenses
  • An online account management service to manage your Visa Desjardins Corporate account on your own
  • Corporate Insurance Program at no extra cost including complete travel insurance coverage. Find out more about insurance
  • ZERO liability in the event of unauthorized use of your card
  • Liability insurance up to $100,000 in the event of fraudulent card use
  • Better security through chip technology
  • PayWave contactless payment technology
  • Optional Business Cheques Service
  • Visa Consumer Authentication Service for your online purchases
  • Visa Account Updater for your recurring transactions
  • Desjardins Travel Assistance - For worry-free travel
  • Desjardins Business Assistance - Find out about your business destinations

Advantages

  • Better control over business expenses
  • Integration of data to main accounting and resource planning systems
  • Lower costs associated with employee travel
  • Consolidation of information about business expenses
  • Increased bargaining power with suppliers
  • Simpler and more accurate business expense accounting

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback, Travel Rewards

19.40%

Interest Rate

 

$

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 720

More Details

Features

  • Complete insurance coverage while travelling for business purposes.
  • Zero Liability in the event of unauthorized use of your card.
  • Liability insurance up to $100,000 in the event the card is used after an employee is terminated
  • New payWave contactless payment technology.
  • Use the Desjardins My US Card service to manage your card online.
  • Visa Account Updater for your recurring transactions.
  • Desjardins Travel Assistance - For worry-free travel
  • Desjardins Business Assistance - Find out about your business destinations.

Advantages

The Visa Desjardins US Business card is an effective management tool that allows you to:

  • pay bills from American suppliers in U.S. currency
  • settle entertainment expenses incurred by your employees while in the United States
  • avoid paying currency conversion fees by paying for purchases in U.S. dollars

The Visa Desjardins US Business card is essential for owners of small businesses, self-employed workers and professionals who travel to the United States for business.

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Business, Cashback
Compare All Business Credit Cards

Best Credit Cards with No Annual Fees

Paying an annual fee on a credit card is a debatable subject. It’s an issue not just in Canada, but in several parts of the globe. It’s hard to find a valid reason to have to spend at least $100 a year just to earn rewards. Sure, $100 isn’t as heavy on the budget as, say, $1000. And most of the time, cardholders spend that amount (or even more) in just a month. What bugs users the most is the necessity to spend the money just to earn points.

Thankfully, there are tons of credit card providers in Canada that offer $0 annual fee. They also still enable the cardholders to earn bonuses and enjoy some perks. At the very top of the list is the SimplyCash Card from American Express.

This type of credit card is AmEx’s newest lure to attract potential cardholders. And what a catch it is! The card features a low-interest rate. If you need to take out a cash advance, you may do so. Because it has no annual fee, its fixed interest rate of 22.99% is not that hard to deal with at all.

29 Results Updated: August 14, 2019

19.90%

Interest Rate

 

Free

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

Additional card features
Accord D financing
Quick and flexible financing for projects that are important to you.

Mobile payments
Tap and pay with your smartphone. It’s easy, free and secure.

Zero Liability in the event of fraud
Against fraudulent transactions made to your card.


Additional card at no annual fee
You can get an additional card for your spouse or other family member free of charge.


Manage your account
On your computer, smartphone or tablet


Cash advances
Up to $2,500 a day, anywhere in the world.


Hertz discount
Up to 15% at participating Hertz locations worldwide.


Balance transfers
Transfer the outstanding balances of your credit cards from other financial institutions to your Desjardins credit card account.


Other features

  • 21-day grace period to pay your bill without incurring credit charges
  • No transaction fees
  • Contactless payment technology
  • Online shopping protection
  • Visa Checkout (available on Visa cards only)
  • Masterpass

Options

  • Overdraft transfer to cover a cheque, bill payment, or any other transaction that exceeds the balance in your Personal Chequing Account (PCA) or any other eligible account
  • Credit Balance Insurance for a minimal fee
  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Online monthly account statements at no charge

Card details

Network: Mastercard
Provider: Desjardins Credit Cards
Card type: Cashback, No Annual Fee

19.90%

Interest Rate

 

Free

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

Additional card features
Accord D financing
Quick and flexible financing for projects that are important to you.

Mobile payments
Tap and pay with your smartphone. It’s easy, free and secure.

Zero Liability in the event of fraud
Against fraudulent transactions made to your card.


Additional card at no annual fee
You can get an additional card for your spouse or other family member free of charge.


Manage your account
On your computer, smartphone or tablet


Cash advances
Up to $2,500 a day, anywhere in the world.


Hertz discount
Up to 15% at participating Hertz locations worldwide.


Balance transfers
Transfer the outstanding balances of your credit cards from other financial institutions to your Desjardins credit card account.


Other features

  • 21-day grace period to pay your bill without incurring credit charges
  • No transaction fees
  • Contactless payment technology
  • Online shopping protection
  • Visa Checkout (available on Visa cards only)
  • Masterpass

Options

  • Overdraft transfer to cover a cheque, bill payment, or any other transaction that exceeds the balance in your Personal Chequing Account (PCA) or any other eligible account
  • Credit Balance Insurance for a minimal fee
  • Automatic payment of your card balance at no charge with our Authorized Payment Service
  • Online monthly account statements at no charge

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, No Annual Fee

19.90%

Interest Rate

 

Free

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

You also get

  • Purchase Protection and Extended Warranty
  • Easy account management
  • Accord D financing: fast and flexible
  • Mobile payment: pay with your smartphone
  • Cash advances: up to $2,500 per day
  • An easier way to pay online with Visa Checkout
  • Zero Liability in the event of fraud
  • Option to transfer your balances to your Desjardins credit card

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, No Annual Fee, Student
Compare All No Annual Fee Credit Cards

Best Credit Cards for Students

Acquiring a credit card if you’re still a student can be a challenge. This is particularly true if it’s your first time to apply for a credit card. Some banks require students to hold at least a part-time job to get a bank card. A proof of income needs to be submitted as well. Other financial institutions even require a minimal annual fee.

Fortunately, not all credit card companies are bad for students. There are other companies that create credit card programs specifically for students. One of the best credit cards for students is the BMO SPC Student Mastercard.

This student-friendly bank card has zero annual fees and has no income required. Moreover, it features two awesome rewards programs. Once you have a BMO SPC Student card, you’ll be a member of the SPC Card student program. That means you get to save $10 on the membership fee annually (as long as you’re in school). Also, you can enjoy 10 to 15% discount at numerous retailers across Canada, thanks to SPC.

3 Results Updated: August 14, 2019

19.90%

Interest Rate

 

Free

Annual Fee

 

-

Balance Transfer

 

Minimum Income

Min Credit Score: 640

More Details

You also get

  • Purchase Protection and Extended Warranty
  • Easy account management
  • Accord D financing: fast and flexible
  • Mobile payment: pay with your smartphone
  • Cash advances: up to $2,500 per day
  • An easier way to pay online with Visa Checkout
  • Zero Liability in the event of fraud
  • Option to transfer your balances to your Desjardins credit card

Card details

Network: Visa
Provider: Desjardins Credit Cards
Card type: Cashback, No Annual Fee, Student

19.99%

Interest Rate

 

Free

Annual Fee

 

22.99%

Balance Transfer

 

$12K / Year

Minimum Income

Min Credit Score: 640

More Details

  • Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months
  • Redeem points for free movies at Cineplex Entertainment theatres, music and other entertainment rewards
  • Earn 5 Scene points for every $1 you spend on participating Cineplex Entertainment theatres or online at cineplex.com
  • Earn 1 point per dollar on everyday purchases
  • No annual fee
  • Interest Rate/Purchase Rate: 19.99%
  • Interest Rate/Cash Advance: 22.99%
  • Estimated first year rewards on credit card account following approval and if all requirements for rewards are met

Earn points on each dollar you spend on:

Entertainment - 5 points per dollar
Earn 5 SCENE points for every dollar you spend at participating Cineplex Entertainment theatre or online at cineplex.com.

Other purchases - 1 point per dollar

 

Card details

Network: Visa
Provider: Scotiabank Credit Cards
Card type: No Annual Fee, Student, Travel Rewards

Special Offers

Earn 2,500 bonus SCENE points with your first $500 in everyday purchases in first 3 months

19.99%

Interest Rate

 

Free

Annual Fee

 

-

Balance Transfer

 

Any Amount

Minimum Income

Min Credit Score: 640

More Details

  • Welcome offer: Get 5% cash back in your first 3 months*
  • Earn 1% cash cack on ALL card purchases* without restrictions!*
  • No annual fee
  • SPC discounts (Student Price Card Ltd.) of 10% to 15% at hundreds of your favourite stores*
  • Exclusive deals and access to concerts, movie premiers, sports events and more with BMO Extra Deals
  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
  • *Terms and conditions apply

Card details

Network: Mastercard
Provider: BMO Bank of Montreal Credit Cards
Card type: No Annual Fee, Student, Travel Rewards

Special Offers

Get 5% cash back in your first 3 months

Compare All Student Credit Cards

Careful Considerations in Choosing the Best Credit Card

There’s no shortage of credit card providers. Even those with a poor credit rating can still apply for a credit card. It’s up to you to figure out:

  • what type of credit card works best for your lifestyle
  • what rewards program fits your spending habits
  • how to use your credit card wisely
  • how to have discipline in using your credit card.

In choosing the best credit card, it’s important to take these factors into careful consideration:

They say that the way you use your credit can make or break your credit rating. And that’s true. Your credit card helps you build a solid credit standing. This is particularly useful when you want to apply for a loan. As such, it’s important that you understand the ins and outs of your chosen credit card. It’s also vital to realize how to maximize its benefits without ruining your credit score.

Your discipline in using your credit card makes all the difference in the world. It doesn’t matter if your card has the lowest interest rate. It won’t help even if you have the coolest rewards and perks. If you don’t know how to stop swiping your card, you’ll be in debt for a long, long time.

As mentioned above, lean towards the rewards program that will benefit your lifestyle the most. If you constantly go in and out of the country, look for a rewards program designed for travellers. If you love shopping, search for a card that rewards shopping extravaganzas. And the list goes on. If you’re going to have a credit card debt, might as well get perks and bonuses from it.

Conclusion

Much like clothes, credit cards are not one-size-fits-all. The “best credit card” is subjective. It truly depends on a variety of factors, like the way you spend and manage your money. But in general, the best credit card for 2018 is one that helps you create value. That worth can come in various ways, like competitive interest rates, reward points, and travel miles. Special loots like redeemable points, gift certificates, and paid activities are also part of a credit card’s value.