1.American Express Cobalt Card
American Express
- 5%Points on eligible eats and drinks
- 3%Points on streaming subscriptions
- 2%Points on transit and gas
- 1%Points on all other purchases
Earn up to 15,000 Membership Rewards points by getting 1,250 points for each monthly billing period in which you spend $750 on your Card.
Earn 5x points on eligible eats and drinks, 3x on streaming, 2x on transit/gas, and 1x on other purchases.
21.99%
21.99%
The American Express Cobalt Card stands out as the top choice because it offers unparalleled rewards on dining and grocery purchases, making it ideal for food enthusiasts. With a robust points structure and flexible redemption options, it provides exceptional value for those who frequently spend in these categories.
Pros:
- High earning rates on food and drinks
- Flexible rewards redemption
Cons:
- High annual fee
- Spending cap on high rewards
2.Neo Financial Mastercard
Neo Financial
- 5%Cash back at partner retailers
- 2%Cash back on groceries and gas
- 1%Cash back on all other purchases
Get a $25 sign-up bonus upon approval.
Earn an average of 5% cash back at partner retailers and a minimum of 1% on all purchases.
19.99%-29.99%
22.99%-31.99%
What sets the Neo Financial Mastercard apart is its impressive cash back rates at partner retailers, making it a strong contender for those who frequently shop at local businesses. With no annual fee and flexible rewards, it caters well to everyday spenders.
Pros:
- No annual fee
- High cash back potential at partners
Cons:
- Variable interest rates
- Limited high reward categories
3.Scotiabank Passport Visa Infinite Card
Scotiabank
- 3%Scene+ points on groceries, dining, and transit
- 1%Scene+ points on all other purchases
Earn up to 60,000 bonus Scene+ points with minimum spend.
Earn 3x Scene+ points on groceries, dining, and transit, and 1x on general purchases.
20.99%
22.99%
The Scotiabank Passport Visa Infinite Card shines for its travel benefits, including no foreign transaction fees and complimentary airport lounge access, making it a top choice for frequent travelers. Its strong rewards structure on everyday spending further enhances its appeal.
Pros:
- No foreign transaction fees
- Complimentary airport lounge access
Cons:
- Annual fee applies
- Minimum income requirement
4.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in chosen categories
- 0.5%Cash back on all other purchases
Earn 10% cash back on up to $1,000 in everyday purchases within the first 2 months.
Earn 2% cash back in up to three customizable categories and 0.5% on all other purchases.
20.95%
22.95%
The Tangerine Money-Back Credit Card is an excellent option for those who want flexibility in their rewards, allowing cardholders to choose their cash back categories. Its no annual fee structure and welcome bonus make it particularly appealing for new users.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back on non-category purchases
- Limited high reward categories
5.TD Aeroplan Visa Infinite Card
TD Canada Trust
- 1.5%Aeroplan points on gas, groceries, and Air Canada purchases
- 1%Aeroplan points on all other purchases
Earn up to 40,000 Aeroplan points in the first year.
Earn 1.5x points on gas, groceries, and Air Canada purchases, and 1x on everything else.
21.99%
22.99%
The TD Aeroplan Visa Infinite Card is tailored for Air Canada travelers, offering enhanced rewards on relevant purchases and valuable travel benefits. Its comprehensive perks make it a standout choice for frequent flyers looking to maximize their Aeroplan points.
Pros:
- Strong rewards for Air Canada loyalists
- Includes travel perks
Cons:
- Annual fee applies
- Minimum income requirement
Final Words
As you consider your credit card options this February, remember that the best choice aligns with your spending habits and financial goals. Take time to compare the features, rewards, and fees of each card to make an informed decision that benefits your lifestyle.
Frequently Asked Questions
Earn up to 15,000 Membership Rewards points by getting 1,250 points for each monthly billing period in which you spend $750 on your Card.
Earn 5x points on eligible eats and drinks, 3x on streaming, 2x on transit/gas, and 1x on other purchases.
The Neo Financial Mastercard comes with an annual fee of CA$0, making it a great choice for those looking for a no-cost credit card.
Earn an average of 5% cash back at partner retailers and a minimum of 1% on all purchases.
You can apply for the Scotiabank Passport Visa Infinite Card online through the Scotiabank website or at a local branch. Make sure to have your personal and financial information ready for a smooth application process.
Earn up to 60,000 bonus Scene+ points with minimum spend.
Consider your spending habits, the type of rewards you want (cash back, travel points, etc.), and any annual fees associated with the card. Compare different cards to see which offers the best benefits for your lifestyle.
Yes, many credit cards in Canada do charge annual fees, but there are also numerous options available with no annual fee. It's important to weigh the benefits and rewards against any fees to determine the best fit for your financial situation.
