1.American Express Cobalt® Card
American Express
- 5%Membership Rewards points on eligible eats & drinks including grocery stores, restaurants, and food delivery
- 3%Membership Rewards points on eligible streaming subscriptions
Earn 1,250 bonus points for each of the first 12 months you spend $750 on the card, totaling 15,000 points.
Earn up to 5x Membership Rewards points on eligible purchases like groceries, restaurants, and food delivery.
21.99%
21.99%
The American Express Cobalt Card stands out as the top choice because it offers exceptional rewards on everyday spending categories like food and dining, making it ideal for those who frequently spend in these areas. Its flexible rewards structure allows cardholders to earn significant points, especially with its high earning potential on eligible purchases.
Pros:
- High rewards on everyday spending
- Flexible rewards structure
Cons:
- Monthly fee applies
- Maximizing value requires understanding point redemption
- 5%Points on dining, groceries, digital media, memberships, and utilities
- 1%Points on all other purchases
Earn up to 30,000 bonus MBNA Rewards Points for cash back, gift cards, and more by spending $2,000 in the first 90 days.
Earn 5x points on dining, groceries, digital media, memberships, and utilities up to $50,000/year.
21.99%
22.99%
What sets the MBNA Rewards World Elite Mastercard apart is its robust earning potential on everyday purchases, particularly in categories like dining and groceries. This card not only offers a generous welcome bonus but also includes valuable insurance perks, making it a strong contender for those looking to maximize their rewards.
Pros:
- Strong points earning on everyday spending
- Comprehensive insurance benefits
Cons:
- Annual fee applies
- Higher income requirement for approval
3.Scotiabank Passport Visa Infinite Card
Scotiabank
- 3%Scene+ points on travel and groceries
- 2%Scene+ points on dining and entertainment
- 1%Scene+ points on all other purchases
Earn up to 60,000 bonus Scene+ points with specific spending tiers.
Earn 3x Scene+ points on travel and groceries, 2x on dining and entertainment, and 1x on everything else.
20.99%
22.99%
The Scotiabank Passport Visa Infinite Card shines for its travel-focused benefits, including no foreign transaction fees and complimentary airport lounge access. This card is particularly advantageous for frequent travelers, allowing them to earn valuable Scene+ points on their everyday spending while enjoying premium travel perks.
Pros:
- No foreign transaction fees
- Airport lounge access
Cons:
- Higher income requirement for approval
- Annual fee applies
Final Words
As you consider the best rewards credit cards this January 2026, remember that choosing the right card can significantly enhance your spending power and benefits. Take time to compare your options, evaluate your spending habits, and make informed decisions to maximize your rewards potential.
Frequently Asked Questions
The American Express Cobalt® Card offers a welcome bonus of 1,250 bonus points for each of the first 12 months you spend $750 on the card, totaling 15,000 points.
With the MBNA Rewards World Elite Mastercard, you can earn up to 30,000 bonus MBNA Rewards Points for cash back, gift cards, and more by spending $2,000 in the first 90 days. Additionally, you earn 5x points on dining, groceries, digital media, memberships, and utilities up to $50,000/year.
The Scotiabank Passport Visa Infinite Card allows you to earn 3x Scene+ points on travel and groceries, 2x on dining and entertainment, and 1x on everything else. This card also has a welcome bonus of up to 60,000 bonus Scene+ points with specific spending tiers.
When selecting a rewards credit card, consider your spending habits, such as where you spend the most money (e.g., groceries, dining, travel). Additionally, evaluate the card's annual fee, welcome bonus, and the flexibility of redeeming rewards.
Yes, many rewards credit cards in Canada charge annual fees, which can vary significantly. It's important to weigh the benefits of the rewards against the fee to determine if the card is worth it for your spending patterns.
To maximize rewards on your credit card, use it for purchases in categories that offer higher points, such as groceries or dining. Additionally, take advantage of promotional offers and bonuses, and pay off your balance in full each month to avoid interest charges.
Typically, the application process for a rewards credit card involves filling out an online form with your personal and financial information. After submission, expect a decision within minutes, though some applications may require further review.
