Always considered as one of the top financial alternatives, a credit card is often viewed as the one which allows you to borrow money from a bank to make purchases, whether it's a small or bigger purchase. The thing that matters most is picking the right rewards card that can help earn points or miles from your everyday purchase. Many people have actively shown interest in Canada's best rewards credit card as they stood as a better version to help people save money on different crucial things! Today, many credit cards of Canada have the highest earn rate, cash-back offers and quality programs to understand the process. There is no denying that many of the best rewards credit cards in Canada come with annual fees, perks and bonuses which keep on adding year by year, especially if you’re a frequent spender. For most credit cards, you’ll get your first year’s annual fee rebated back to you in full.
Let's recall some of the top trending credit cards in Canada to earn rewards, bonuses and perks.
If you’re looking for the most significant rewards possible, you’ll want a card that comes with a welcoming offer and waived annual fee for the first year. Different from other credit cards, BMO World Elite Mastercard can be the best option for your overall savings. With this credit card, you can earn 40,000 points as a welcome bonus plus the total $150 annual fee is waived for over three years. There is also complimentary membership for Mastercard Airport Experiences to the value of over $140 per year.
The American Express Gold Rewards Card helps you spend on many categories with a high earning rate. For every $1 spent on groceries, gas, drugstores and travel, earn two reward points. For every $1 spent on all other purchases, earn one reward point.
Along with other perks and benefits (like travel insurance, access to The Hotel Collection from American Express, and benefits from Hertz Gold Plus Rewards loyalty program), the card comes with a massive welcome bonus of 25,000 Membership Rewards points. You’ll receive your welcome bonus in full when you charge $1,500 to your card within the first three months.
If travel points are your thing, the TD First Class Travel Visa Infinite Card is the top travel point’s card today. It comes with one of the most substantial welcome bonuses of 20,000 TD Rewards Points, has one of the most flexible points redemption programs (travel bookings can be made anytime through Expedia for TD), and offers the highest number of points per $1 of spend.
The TD First Class Travel Visa Infinite Card gives you three TD points for every $1 spent on all purchases. When booking travel through Expedia, you’ll earn a whopping nine TD Points for every $1 spent. The waived first year fee combined with the slew of travel benefits (travel insurance, car rental insurance and car rental savings) makes this the #1 card on the market for people looking to collect maximum travel rewards and save on their next trip.
Credit cards are best enjoyed by the disciplined who can remain mindful of their ability to pay the monthly bill on or before the due date. If you already know how to use a credit card responsibly, always check on Canada's best rewards credit card to have a better understanding of what you can save, and with better means!