The Best 5 Metal Credit Cards in Canada

Do you want a metal credit card? You do if you like travel rewards and perks. You see, metal credit cards are a status symbol for a reason.

With metal credit cards, you get to benefit from unique features and premiums even though they work just like regular credit cards. So, do you want to upgrade to metal credit cards but are not certain about the best options? Below are our top 5 recommendations in Canada today. 

What is a metal credit card?

If you have no experience using a metal credit card in Canada, let’s start by understanding its meaning to ensure we all are on the same page. As the name shows, a metal credit card is a credit card made of metal with a luxurious feel. The material used in making credit cards includes gold, stainless steel, copper, brass, etc. Note that metal credit cards work just like their plastic counterparts but have super-premium features. The best element about metal credit cards is that users get to enjoy rewards on daily travels and expenses. 

How is a metal credit card different from a regular or premium credit card?

Since it is made with real metal, these cards are heavier than a regular plastic one. They are also classier and durable, and using them indicates that you are in an exclusive club. Another element that makes metal credit cards in Canada different from their regular counterparts is their excellent welcome bonuses and earning rates. Unfortunately, metal credit cards are for individuals with high personal income and high credit scores. You must also be willing to spend at least C$500 on annual fees. 

Where metal credit cards are accepted

Before seeking a metal credit card, it is always advisable to understand how you will benefit from it. In summary, you can use metal credit cards to travel within or outside Canada since they come with excellent travel purchase rewards.

Additionally, the card holders can use it for dining expenses and get a high percentage of cash back and perks depending on the cards they use. Metal credit cards are also excellent when it comes to paying for subscriptions, whether it's your business’s software, digital entertainment, etc. 

Note that metal credit cards are accepted in Canada but also everywhere Visa and Mastercard are accepted. This makes it easier for cardholders to enjoy its services and benefits, especially those who travel frequently.  

Top 5 Metal Credit Cards in Canada for 2022

Finding the best metal credit card in Canada can be daunting, considering that there are plenty of options to choose from. Note that the best metal credit card in Canada is the one suitable for your spending habits. Since every Canadian has their own spending habit, we did the legwork for you by researching the best metal credit cards to ensure you settle for the best. 

That being said, here are the top 5 metal credit cards approved by our financial analysts and researchers. 

American Express Platinum Card

Annual fees: $699
Interest rate: 15.99% to 22.99% annually
Welcome Offer: Up to 80,000 points

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The American Express Platinum Card is one of Canada's best metal credit cards with a low interest rate. To qualify for this metal credit card, you must be a Canadian resident with an excellent credit profile. Additionally, ensure you belong to the majority age group of residents in your region/province. AMEX is ideal for Canadian travellers as it allows you to offset some of the travelling expenses using rewards. 

For instance, you can earn up to 80,000 rewards points welcome bonus and a $200 annual travel credit. There are also membership rewards points of up to 60,000 after charging $6,000 in net purchases within the first three months. Note that AMEX was the first credit card in Canada, and using it also allows you to enjoy unlimited 2-people lounge access. On top of that, there are hotel status upgrades, comprehensive travel insurance, etc. 

Read more about the Platinum Card

American Express Aeroplan Reserve Card

Annual fee: $599
Interest rate: 19.99%
Welcome Offer: Up to 85,000 points

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American Express Aeroplan Reserve Card is another excellent metal credit card in Canada to consider. It has one of the best welcome bonuses and excellent reward points for every purchase. For instance, cardholders get three points for every dollar spent on Air Canada, two points on restaurants, and 1.25 points on other purchases. 

If you are a frequent Air Canada traveller. In this case, you will enjoy plenty of perks, including unlimited Maple Leaf lounges free access, first free checked bag, an annual companion voucher on expenses exceeding $25,000, etc. To qualify for the AMEX Aeroplan Reserve Card, you must be a Canadian resident with an excellent credit file. Also, ensure you are within the age of the majority in your jurisdiction area. 

American Express Gold Rewards Card

Annual fee: $250
Interest rate: 20.99%
Welcome Offer: Up to 50,000 points

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American Express Gold Rewards Card allows you to earn up to 50,000 points as a welcome bonus. Its annual fee is $250, which is relatively lower than what most metal credit card providers charge. The metal credit card comes in the standard gold or rose gold colour to choose from. With it, you get to earn two points for every dollar spent on travels, which include eligible flights, cruises, car rentals, hotels, etc. There are also two points to earn on a dollar spent on purchases in Canada and one point earned on money spent on other eligible items such as dining, subscriptions, etc. 

Getting the AMEX Gold Rewards Card is pretty easy if you are a Canadian resident with an excellent credit file. You must also belong in the age of the majority category within your residential area. It is one of the best metal credit cards to acquire in Canada. 

BMO Eclipse Visa Infinite Privilege Card

Annual fee: $499
Interest rate: 20.99% annually
Welcome Offer: Up to 90,000 points

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The BMO Eclipse Visa Infinite Privilege Card makes your daily purchases more rewarding. For instance, you earn five points for every dollar you spend on groceries, travel, dining, gas, and drugstore purchases. Earn an additional 25% in points on all purchases when you add an eligible user in your account. On top of that, you get a $200 lifestyle credit every year to use however you wish. 

To qualify for this metal credit card in Canada, your annual income must be at least $150,000 for individuals and $200,000 per household. Applicants must also be within the age of the majority within their jurisdiction area. Most importantly, you must not have been declared bankrupt in the last seven years. 

CIBC Aventura Visa Infinite Privilege

Annual fee: $499
Interest rate: 20.99% annually
Welcome Offer: Up to 60,000 points or $1200 in travel value

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CIBC Aventura Visa Infinite Privilege allows its cardholders to earn plenty of points on its flexible travel rewards program. You will earn three points on every dollar spent on travel purchased via the CIBC Rewards Centre. Plus, you gain two additional points for every dollar spent on dining, gas, transportation, entertainment and groceries. Regarding other purchases that do not fall in the above categories, you will earn 1.25 points. 

To apply for this metal credit card, you must earn a minimum of $150,000 annually for individuals and $200,000 for a household. You must also have an excellent credit file and be of the majority age in your area of residence. The application process is straightforward and will take a few minutes to complete. 

The last word about metal credit cards

The above review shows that the best metal credit cards in Canada are costly and specifically tailored for individuals with high income. Therefore, ensure you understand your spending habits and can meet a metal credit card provider’s requirements before applying for one. Overall, metal credit cards are worth it.

Moreover, they come with perks and benefits, including welcome bonuses and access to world-class hotels. However, if you think metal credit cards in Canada do not meet your needs, use Hardbacon's credit card comparison tool to find the best card for you.

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