Canada’s finest Visa bank cards 2022

One of the best Visa bank cards in Canada

Finest total Visa bank card 

BMO eclipse Visa Infinite*

At a look: Maximize the facility of your on a regular basis spending with sturdy earn charges on BMO Rewards factors that you would be able to redeem for merchandise or present playing cards, journey, assertion credit or investments. Good perks—just like the juicy annual $50 “way of life credit score,” earned for merely exceeding that quantity on one among your month-to-month statements, and included cellular gadget and journey insurance coverage—spherical out the bundle. 

• Annual price: $120 (waived for first 12 months)
• Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on stability transfers
• Welcome bonus: Get 60,000 factors ($400 in journey rewards) while you join. Additionally obtain $50 way of life credit score in your account that you simply use for any buy.
• Earn price: 5 instances the BMO Rewards factors for each $1 spent on eating out and in, groceries, and fuel and transit for the primary $50,000 in annual purchases; 1 BMO Rewards level for the whole lot else; earn 10% extra factors while you add a certified consumer
• Our favorite options: $50 way of life credit score yearly
• Extra advantages: Annual way of life credit score value $50; cellular gadget protection; automobile rental collision/loss injury safety; out-of-province/nation emergency medical; Visa Infinite privileges
• Annual earnings requirement: private earnings of $60,000 or family earnings of $100,000

Professionals

• Provides boosted earn charges in prime classes like groceries, fuel and eating.
• Consists of journey insurance coverage and new cellular gadget protection.
• Get 10% extra Rewards factors while you add a certified consumer (for $50 yearly).
• Cardholders get an annual $50 assertion credit score to spend nevertheless they need.

Cons

• There may be an annual cap of $50,000 in purchases for boosted spend classes; after that, you’ll earn at a price of 1 BMO level per $1 spent.
• The minimal earnings necessities put this card out of attain for some.

Finest Visa bank card for money again

Scotia Momentum Visa Infinite*

At a look: The Scotiabank Momentum Visa Infinite is our choose for finest money again Visa for its sturdy buy and journey safety, in addition to its excessive earn price—4% on groceries and recurring payments, 2% on fuel and day by day transit (together with public transit, taxis and rideshares) and 1% on the whole lot else.

• Annual price: $120 (waived for the primary 12 months)
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: Earn 10% money again on all eligible purchases for the primary three months (as much as $2,000). Pay no annual price for the primary 12 months. Provide ends April 30, 2023.
• Earn price: 4% on fuel and recurring payments; 2% on fuel and day by day transit; 1% on the whole lot else
• Extra advantages: Cellular gadget insurance coverage, journey emergency medical and journey accident protection, automobile rental injury/loss waiver, flight interruption and delayed and misplaced baggage insurance coverage; and entry to Visa Infinite experiences
• Annual earnings requirement: $60,000 or a minimal family earnings of $100,000

Professionals

• This card’s earn charges are a number of the highest within the nation in key and broadly outlined spending classes.
• Included new cellular gadget, journey and automobile rental insurance coverage make this an all-around bank card.
• Repay bigger purchases in installments by Scotia SelectPay.

Cons

• You possibly can solely entry your money again as soon as per 12 months, and solely as an announcement credit score.
• When you purchase your groceries at Walmart, you’ll solely get 1% money again because it isn’t thought-about a grocery retailer.
• The minimal earnings requirement could put this card out of attain for some.

Finest Visa bank card for fuel and groceries

CIBC Dividend Visa Infinite

At a look: Take the sting out of rising costs with the CIBC Dividend Visa Infinite’s return of 4% money again on fuel and groceries, and a couple of% again on day by day transit (together with rideshares and public transit), eating, and recurring funds. You’ll additionally get perks like journey medical and rental automobile collision insurance coverage. 

• Annual price: $120 (waived for the primary 12 months)
• Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents) and 22.99% on stability transfers
• Earn price: 4% money again on fuel and groceries, 2% on eating, day by day transit and recurring payments, and 1% again on the whole lot else.
• Welcome bonus: Earn 10% money again on all purchases (as much as $250 in worth) for the primary 4 statements (as much as a most of $2,500 in purchases), plus an annual price rebate for the primary 12 months. To be eligible, it’s essential to apply on-line.
• Extra advantages: Emergency journey medical; automobile rental collision and loss injury insurance coverage; cellular gadget insurance coverage; plus save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer fuel stations while you hyperlink your card with Journie Rewards
• Annual earnings requirement: private earnings of $60,000 or family earnings of $100,000

Professionals

• Get your money again on demand, while you need it.
• Hyperlink your card to Journie Rewards to get deeper reductions on fuel at taking part Pioneer, Fas Gasoline, Ultramar and Chevron stations.
• Ship cash internationally with CIBC World Cash Switch and pay no switch charges.
• Comes with included journey, automobile rental and new cellular gadget insurance coverage.

Cons

• The included emergency journey medical insurance coverage covers the primary 15 days of your journey. You’ll have to purchase further insurance coverage for longer journeys.
• The minimal earnings requirement could put this card out of attain for some.

Finest Visa bank card for versatile journey rewards

TD First Class Journey Visa Infinite*

At a look: The TD First Class Journey Visa Infinite Card permits you to earn TD factors which you’ll be able to redeem for rewards, together with journey and travel-related purchases. Journey booked together with your TD factors has no blackouts or seat restrictions, and TD factors don’t expire. This card additionally has included journey insurance coverage. 

• Annual price: $120 (rebated for the primary 12 months, together with $50 price for first further cardholder)
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: Earn as much as 145,000 TD Rewards factors. You’ll earn 20,000 TD factors together with your first card buy, then one other 115,000 while you spend $5,000 on purchases throughout the first 180 days. Earn a birthday bonus of as much as 10,000 rewards factors. Circumstances apply. Should apply earlier than Might 28, 2023. For Quebec residents, please click on right here.
• Earn price: eight TD factors per $1 spent while you e-book journey by Expedia For TD; 6 Factors per $1 on groceries & eating places; Four factors per $1 spent on recurring payments; 2 factors per $1 spent on the whole lot else
• Extra advantages: Journey emergency medical, journey accident, automobile rental, journey interruption, flight interruption and delayed and misplaced baggage insurance coverage; entry to Visa Infinite experiences; automobile rental financial savings with Avis and Funds
• Annual earnings requirement: private earnings of $60,000 or family earnings of $100,000

Professionals

• This card has a powerful included insurance coverage bundle for journey and automobile rental.
• Along with journey rewards, you may redeem your factors for on a regular basis perks like money again, present playing cards and extra.

Cons

• Redeeming TD factors for journey not booked by Expedia For TD shouldn’t be automated. You’ll should contact the TD Journey Rewards program to make use of your factors.
• The earn construction is a bit complicated and rewards rely upon the place and the way you e-book. 
• The minimal annual earnings requirement will put this card out of attain for some.

Finest airline Visa bank card

TD Aeroplan Visa Infinite*

At a look: If Air Canada is your airline of selection, check out the TD Aeroplan Visa Infinite. You get quite a few Air Canada perks with this card, like most well-liked pricing and a free first checked bag on Air Canada for you and as much as eight journey companions. The all-new Aeroplan rewards chart and beneficiant stopover coverage means you will get nice worth in your factors when redeeming for journey on Air Canada in addition to over two dozen Star Alliance accomplice airways. 

• Annual price: $139 (rebated first 12 months)
• Rates of interest: purchases 20.99%, money advances 22.99%, stability transfers 22.99%
• Welcome bonus: You possibly can earn as much as 50,000 Aeroplan factors. First, earn 10,000 as a welcome bonus while you make your first buy and one other 20,000 while you spend $1,500 within the first 90 days. After that earn one other 20,000 Aeroplan factors while you spend $7,500 throughout the first 12 months of opening an account. Should apply by January 3, 2023. Quebec residents, click on right here.
• Earn price: 1.5 Aeroplan factors for each $1 spent on eligible fuel, grocery and Air Canada purchases, and 1 level per $1 spent on the whole lot else
• Our favorite options: Complete journey insurance coverage, free checked baggage on Air Canada. 
• Extra advantages: Resort-motel housebreaking insurance coverage; auto rental collision/loss injury insurance coverage; new cellular gadget insurance coverage as much as $1,000; Nexus utility rebate of as much as $125 each 48 months
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000.

Professionals

• Earn double the factors while you present your card and Aeroplan quantity at greater than 150 Aeroplan accomplice manufacturers and at 170+ on-line retailers through the Aeroplan eStore.
• Earn 50% extra Aeroplan factors while you store at Starbucks by linking your Starbucks Rewards account to your TD card.
• Use your Aeroplan factors for each Air Canada seat with out restrictions or blackout durations.
• Redeem your factors for different journey bills like resort rooms and automobile leases.
• Get an utility price rebate as soon as each 48 months for the quick-customs journey program NEXUS.
• Features a complete suite of journey insurance coverage.

Cons

• The included journey insurance coverage is just for journeys of as much as 21 days, or solely 4 days if you’re over 65 years outdated.
• You’re restricted to Air Canada and choose Star Alliance airways.
• The accelerated earnings price is simply out there in three spending classes.

Finest no price Visa bank card for rewards

Simplii Monetary Money Again Visa

At a look: The no-fee Simplii Monetary Money Again Visa comes with 4% money again (as much as $5,000 yearly) on spends at eating places, bars and low outlets, making this a winner for many who prefer to dine out. The 1.5% return on fuel, groceries and drugstore purchases (as much as $15,000 yearly) can also be respectable, and the whole lot else earns 0.5% again, with no restrict. 

• Annual price: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances
• Welcome bonus: 10% money again at eating places and bars throughout the first Four months as much as a $500 spend and 9.99% rate of interest on purchases for 3 months
• Earn price: 4% money again at eating places, bars and low outlets (as much as $5,000 spend); 1.5% again on fuel, groceries, drugstore purchases and pre-authorized funds (as much as $15,000 spend); 0.5% on all different purchases
• Extra advantages: Buy safety and prolonged safety insurance coverage
• Annual earnings requirement: private or family earnings of $15,000 

Professionals

• There’s no restrict on how a lot money again you may earn.
• Get $50 for each referral who opens an account utilizing your distinctive hyperlink.
• The low minimal annual earnings requirement makes this a super-accessible card.

Cons

• There are annual caps on earnings in boosted classes.
• You must have a Simplii Monetary checking account to get the cardboard.
• This card doesn’t supply a lot in the way in which of extras or perks.

Finest Visa bank card for no international transaction charges

House Belief Most well-liked Visa*

At a look: The House Belief Most well-liked Visa card is likely one of the few bank cards in Canada that doesn’t cost international transaction charges on purchases made in a international foreign money. This makes it extremely appropriate for travellers and cross-border consumers seeking to save the two.5% to three% surcharge they’d get with most bank cards. Moreover, you’ll earn 1% money again on all purchases made in Canada. And, the cardboard has no annual price, so you retain extra of your cash in your pockets.

• Annual price: $0
• Rates of interest: 19.99% on purchases, 19.99% on money advances
• Earn price: 1% on all purchases in Canada 
• Extra advantages: Automotive rental theft and collision insurance coverage; buy safety
• Annual earnings requirement: None

Professionals

• There’s no restrict to the amount of money again you may earn.
• Save the international transaction charges on purchases made in a international foreign money.
• Consists of automobile rental theft and collision insurance coverage.
• There’s no minimal annual earnings requirement so this card could be very accessible.

Cons

• Doesn’t embody perks or extras.
• The earn price of 1% isn’t aggressive with different playing cards.
• The money again rewards are paid out yearly in January as an announcement credit score.

Finest Visa bank card for low curiosity

RBC Visa Traditional Low Fee Possibility

At a look: For many who are carrying debt, a decrease curiosity bank card is a superb instrument. The RBC Visa Traditional Low Fee Possibility is a reasonably no-frills card with a flat 12.99% rate of interest on purchases, money advances and stability transfers. It comes with some accomplice perks, corresponding to reductions at Petro-Canada fuel and free supply from DoorDash.