Compare eight of the best credit cards in Canada side by side. Every card’s rates were verified against the issuer’s own page on November 8, 2026. The Wealthsimple card’s button is a referral link — if you apply through it, we may receive a referral bonus. The other buttons take you straight to each issuer’s own website, and we receive nothing if you apply.
Every card carries a Loonie Score — how we rate.
Find your card
Showing 8 of 8 cards.
American Express Cobalt Card
American Express
Loonie Score 4.4 / 5
Best for: eating out & groceries
Top earn rates:
- 5 pts/$1 on eats & drinks (cap $2,500/mo of category spend)
- 3 pts/$1 on streaming
- 2 pts/$1 on gas & transit
- 1 pt/$1 on everything else
National Bank World Elite Mastercard
National Bank of Canada
Loonie Score 4.2 / 5
Best for: warranty & premium perks
Top earn rates:
- 5 pts/$1 on groceries & restaurants while your groceries-and-restaurants spend on this card is $2,500 a month or less (2 pts above)
- 2 pts/$1 on gas, recurring bills & travel
- 1 pt/$1 on everything else
Scotiabank Passport Visa Infinite Card
Scotiabank
Loonie Score 4.1 / 5
Best for: travellers (no FX fee + lounge access)
Top earn rates:
- 3 pts/$1 at Sobeys-banner grocery stores
- 2 pts/$1 on other groceries, dining, entertainment & transit
- 1 pt/$1 on everything else (bonus caps $50,000/yr)
Wealthsimple Visa Infinite Privilege
Wealthsimple
Loonie Score 4.6 / 5
Best for: flat 2% + no FX fee, fee waived for Wealthsimple clients
Top earn rates:
- 2% cash back on everything
You can earn a 5% cash back boost for 30 days when you join with our code wealthsimple.com/invite/6WWDIQ and get approved for the 2% Wealthsimple credit card. T&Cs apply.
CIBC Costco Mastercard
CIBC
Loonie Score 3.7 / 5
Best for: Costco members
Top earn rates:
- 3% on restaurants & Costco gas
- 2% on other gas & EV charging (gas tiers capped at $5,000/yr) and on Costco.ca (capped at $8,000/yr)
- 1% on everything else, including in-warehouse purchases
Rogers Red World Elite Mastercard
Rogers Bank
Loonie Score 4.3 / 5
Best for: Rogers/Fido/Shaw customers wanting flat cash back
Top earn rates:
- 2% on everything with a Rogers, Fido or Shaw service (1.5% without)
- 3% on USD purchases
Terms change November 18, 2026 – redemption bonus ends and some travel insurance is removed
Scotiabank Momentum Visa Infinite Card
Scotiabank
Loonie Score 4.0 / 5
Best for: groceries & recurring bills
Top earn rates:
- 4% on groceries & recurring bills (combined cap $25,000/yr)
- 2% on gas, transit & delivery (cap $25,000/yr)
- 1% on everything else
TD First Class Travel Visa Infinite Card
TD
Loonie Score 3.6 / 5
Best for: Expedia for TD bookers
Top earn rates (points worth 0.5 cents on Expedia for TD):
- ~4% on travel booked via Expedia for TD
- ~3% on groceries, dining & transit
- ~2% on recurring bills & streaming
- ~1% on everything else (category caps $25,000/yr)
How we compare
Use the filters above to narrow the list by what matters to you: cash back or travel points, no foreign-transaction fee, no annual fee, or the best grocery earn. Points are valued at 1 cent unless a card says otherwise – TD Rewards points are worth 0.5 cents when redeemed for travel through Expedia for TD, so that card’s earn rates are shown as approximate cash-back equivalents. Annual fees and income requirements are the figures published by each issuer; where a figure is not published, we say so. Category caps are noted on each card, and welcome bonuses are not included in the earn rates.
Rates verified November 8, 2026. Card terms change – check the issuer’s own page before you apply. This page is not financial advice.