The Best Rewards Credit Cards in Canada for 2025

Your money deserves rewards for everything it lets you do. Sure, you can earn interest in an investment, but as human beings, we crave experiences. That's why the best reward credit cards in Canada are popular even during inflation. Your money gets a reward in forms of points that you, a person, gets to enjoy. It all happens because the money you spend on one of the best rewards credit cards in Canadaearns points that you can redeem for experiences, products, services, or something very real.

But how do you know which cards are really the best rewards credit cards in Canada? To know which one is best for you, you can consult our comparison tool and compare the different programs. You can also read this list to find out which of the best rewards credit cards in Canada has the best deal for you. 

HSBC World Elite Mastercard

Annual fee: $149, waived the first year

Welcome Offer: between 100,000 and 110,000 points (depends on your province)

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The HSBC World Elite Mastercard is very attractive, especially for those who like to travel. In fact, it gives 6 points per $1 CAN spent on travel. That includes expenses for:

• Airlines
• Car rentals
• Hotels
• Cruises
• Trains
• Tour operators
• Timeshares
• Travel agencies in the Mastercard network

For all other purchases, cardholders receive 3 points for every dollar spent.

When you've accumulated enough points, you can treat yourself and redeem them for travel, gift cards, valuable items, financial rewards, or mileage programs. You can view the multitude of products available on this website.

You can get up to $650 in travel benefit in the first year. The amount depends on your province of residence. You need to apply before October 31, 2022. Your membership in the LoungeKey Mastercard Airport Experiences Program is free, giving you access to 850 airport lounges at a cost of US $32 per person. What else? Treat yoourself to a 10% discount on hotel reservations made through the Expedia or Agoda websites.

Plus, you don’t have to pay a foreign currency conversion fee when using the HSBC World Elite Mastercard.

• It provides the following insurance coverages:
• Coverage for medical emergencies outside the country
• Insurance when your luggage is lost or delayed
• Insurance against trip cancellations due to illness or injury
• Insurance when you rent a vehicle while traveling

For added security, the card provides purchase protection and extended warranty, which covers you for theft or damage to your purchases during the first 90 days. The manufacturer's warranty is doubled for a maximum of 1 year.The annual fee for this card is $149, and $50 for each additional card. An annual income of $80,000 per person or $150,000 per household is required in order to be eligible.

American Express Cobalt™ Card

Monthly fee: $12.99

Welcome Offer: up to 30,000 rewards points.

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The American Express Cobalt™ Card earns 5 privilege points for every dollar spent in the following categories:

• Restaurants
• Bars
• Cafés
• Food delivery in Canada

It also gives 2 privilege points for every dollar spent on travel, transportation or fuel in Canada. One privilege point is awarded for other purchases.

For a limited time, this card comes with a welcome bonus of 30,000 privilege points. If you want to earn more points, you can recommend a friend. The maximum for referrals is 75,000 privilege points.

You can redeem your points in a number of ways, including for purchases charged to the American Express Cobalt Card such as streaming services and movie tickets. The card also provides several other ways to redeem your privilege points:

• Purchases on amazon.ca
• Gift cards
• Travel
• Events or concerts on ticketmaster.ca 

Thanks to the American Express Invites program, you have access to: exclusive pre-sales to premieres, tickets reserved for premieres, special offers and unique experiences for all cardholders. You also get a $100 USD resort credit and the option to upgrade your hotel room.

Here are all the insurance coverages that are included with this card:

• Out-of-province or out-of-country emergency medical insurance (for people under 65)
• Flight delay insurance
• Insurance if your baggage is delayed, lost or stolen
• Hotel burglary insurance
• Rental car damage or theft insurance
• Insurance of up to $250,000 for all types of travel accidents

It also offers purchase protection and an extended warranty, with the same coverage as the previous card. No minimum income is required to be eligible for the American Express Cobalt Card.

Scotiabank American Express Platinum Card

Annual fee: $399

Welcome Offer: up to 30,000 rewards points

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The Scotiabank American Express Platinum Card earns 4 Scotia Rewards points per dollar for all fuel station, grocery, and entertainment expenses. Other expenses earn 1 point for every dollar.

You’ll receive 30,000 Scotia Rewards bonus points as a welcome gift when you make your first purchase.You can redeem your points for travel with the Scotia Rewards Travel Service. You can redeem your points directly in the Apple and Best Buy catalogues on the Scotia Rewards website. The site has a personalized catalogue with over 450 awards. You can also redeem your Scotia Rewards Points for SCENE points, and vice versa.

This American Express card offers the same coverages and insurance as the previous card. You can attend unique international events with your VIP pass using the Scotiabank American Express Platinum Card. You get access to a 24/7 international concierge service. This service can help you find tickets for a show, a birthday present or a restaurant reservation. You have free access to 600 Priority Pass VIP lounges at airports so you can relax in exclusive lounges.

This card comes with an annual fee of $399 for the primary card. A first additional card costs $99 and others are $50. In order to be eligible, your minimum annual income must be $ 2,000 and your minimum credit limit must be $10,000.

TD First Class Travel® Visa Infinite* Card

Annual fee: $120

Welcome Offer: 100,000 TD Points. Offer expries October 29, 2022†

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The TD First Class Travel® Visa Infinite* Card is a fantastic card for travellers. It gives you 9 points per dollar spent on travel booked through Expedia for TD and 3 points per dollar spent on all other purchases. From now until October 29, 2022, you can get 100,000 TD Points when you sign up for the card.

With the Amazon.ca Shop with Points program, you can redeem your points directly on Amazon.ca. You also earn 50% TD Points when you use your card at Starbucks. You can use your TD Points to pay down your credit card statement or redeem your Points for merchandise or gift cards through TDRewards.com.

In addition to travel medical insurance, you get travel cancellation and interruption insurance due to illness or injury. The annual fee for this card is $120 per year, but this is refunded in the first year. The first additional card has an annual fee of $50 and subsequent ones are free. To be eligible, you must have an annual income of $60,000 per person or $100,000 per household. The minimum credit limit is $5000. †Check out TD's website for all disclaimers as well as terms and conditions.

BMO Rewards Mastercard

Annual fee: $0

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The BMO Rewards Mastercard is a great card if you want flexibility. You earn 1 BMO Rewards point. You can redeem them for travel, merchandise or financial rewards. The financial rewards option is what makes this card interesting. You can choose to repay a transaction on your card with your points. However, you can also exchange your points for deposits in an eligible BMO savings account or an eligible BMO investment account.

Cardholders also getup to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations. Also, your points can get you free travel. Unlike other travel reward redemptions, your BMO Reward spoints cover all the travel costs: flight fees a well as taxes. Plus there are no blackout periods. If you want to exchange your points for merchandise, you can do it with the BMO Rewards catalogue. It has jewelry, gift cards, and more.

Scotiabank Gold American Express Card

Annual fee: $120

Welcome Offer: Up to 45,000 Scene+ points in the first year

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The Scotiabank Gold American Express Card offers 5 Scotia Rewards per dollar spent in restaurants and on entertainment. You also get 3 Scotia Rewards for fuel and public transit and 1 point for any other purchase.

As a Welcome Offer, you can receive up to 25,000 Scotia Rewards Points for the first $1,000 spent in the first 3 months. You can redeem your points to pay your credit card statement or purchase items or travel.

This card also provides the following perks:

• Points can be redeemed for flights
• A free concierge service
• Access to VIP airport lounges for Amex card holders

It stands out because of its wide variety of coverage. In fact, it also provides travel medical insurance, which covers the costs of prescription drugs, hospitalization and ambulance services.

There is insurance on travel cancellations for medical reasons, provided you used the card to pay for at least 75% of the cost of your trip. You are covered for the loss and delay of your baggage and your flight. You, your spouse and your children are also covered up to $1,000,000 per trip in the event of death or dismemberment. This card provides insurance against theft or damage to rental cars. Lastly, you are protected against theft in a hotel. This card has an annual fee of $120, and it is $29 for all additional cards. In order to qualify, your annual income must be $12,000, with a minimum credit limit of $5000.

Triangle World Elite Mastercard

Annual fee: $0

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The Triangle World Elite Mastercard provides 7¢ in Canadian Tire money per liter of Super gasoline purchased at participating Essence+, Gas+ and Husky service stations. For other grades of fuel, it provides 5¢ of Canadian Tire money per liter. A 4% rebate in Canadian Tire money is offered at the following establishments:

• Canadian Tire
• Sport Chek
• Atmosphere
• Sports Rousseau
• Hockey Experts
• The Hockey Warehouse
• L’Équipeur
• Mark's stores
• Participating Sports Experts

Additional Canadian Tire cash back is offered on the first $12,000 in grocery purchases in a year, except at Costco and Walmart. You can receive personalized offers and access your electronic statements through the Triangle app. You get the Gold Roadside Assistance Program, which provides protection against collisions or damage to rental vehicles. The card also includes an extended warranty and purchase protection.

Lastly, this card offers a concierge service available at all times that puts your call in priority when you contact the Triangle World Elite Mastercard customer service line. This card has no annual fee. An annual income of at least $80,000 per year is required in order to be eligible.

TD Platinum Travel Visa* Card

Annual fee: $89, waived the first year

†Welcome Offer: apply by October 29, 2022 and earn up to 50,000 TD Points

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The TD Platinum Travel Visa* Card offers 5 TD Rewards points for every dollar spent on travel through Expedia for TD; 3 TD Rewards points for every dollar spent on groceries or recurring bill payments; 2 TD Rewards points for every dollar spent on other purchases. †Plus, if you apply by October 29, 2022, you can earn up to 50,000 TD Points in your first year and the annual fee is waived.

With the Amazon “Shop with Points” program, you can redeem your points directly on amazon.ca. You also have the option of paying your credit card statement or redeeming your points for products on TDRewards.com.

Here are the coverage benefits offered by the card:

• Insurance in case of flight or travel delay
• Insurance for your delayed or lost luggage
• Insurance for accidents while traveling on a public carrier
• Insurance on rental vehicles in the event of an accident
• Purchase protection and extended warranty
• 10% discount on car rentals with Avis and Budget in Canada and the United States (5% internationally).

This card costs $89 annually. The first additional card costs $35 and the following ones are free. The minimum limit is $1,000 and no annual income is required. †Check out TD's website for all disclaimers as well as terms and conditions.

President's Choice Financial World Elite Mastercard

Annual fee: $0

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The PC Financial World Elite Mastercard provides several points for different categories. You can earn PC Optimum points in many ways. Here are a few options:

• 45 PC Optimum points for every dollar spent at Pharmaprix
• 30 PC Optimum points per liter of fuel at Esso Mobil
• 30 PC Optimum points for every dollar spent at Wholesale club, Maxi, Provigo and PC Travel locations
• 10 PC Optimum points for every dollar spent anywhere else.

Once you've accumulated 10,000 points, you can redeem them for $10 worth of products or groceries.

This card provides several benefits, such as concierge services. These services help PC Financial World Mastercard holders arrange recreation, entertainment and medical assistance. The 24/7 medical assistance service can help you with:

• Appointment and admission preparations with a medical provider
• Arrangements for emergency medical transport
• Prescription replacements
• Arrangements for emergency medical visits
• It can also provide emergency money transfers and emergency translation services.

This card has no annual fee and requires a minimum annual income of $80,000 per person or $150,000 per household.

Laurentian Bank Visa Infinite

Annual fee:

The Laurentian Bank Visa Infinite card earns 8 points per dollar spent for all fuel, groceries, transportation and travel expenses during the first 3 months. The maximum eligible purchases amount is $2,000. Subsequently, you will earn 2 points per dollar spent for fuel, groceries, transportation and travel expenses. You will earn 3 points per dollar on pre-authorized payments, and you will earn 1 point for all other purchases. Your points never expire, and you can earn an unlimited amount. You have the option to convert your points into cash back rewards. For this you need to accumulate 10,000 points, equivalent to a $100 cash back which will be  directly applied to your credit card balance.

You have the choice to redeem your points for gift cards at more than 80 merchants starting at 1600 points. Another option is to convert your points into financial products. For example, 10,000 points equals $100 that you can deposit into a term deposit or guaranteed investment certificate (GIC). You can also use the points to pay the primary cardholder’s annual fee, which is around 13,000 points for $130, or that of any secondary cardholders. The points to pay for the secondary cardholder's annual fee is 5000 points for $50.

Otherwise, you can convert them into a gift certificate for a free banking account package with unlimited transactions for one year. Compare Laurentian Bank chequing accounts on the Hardbacon comparison tool. As a last option, you can redeem your points for more than 350 products or trips found on Laurentian Bank’s online Visa Reward Zone.

How would you like to earn hundreds of dollars in rewards?

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