1.American Express Cobalt® Card
American Express
- 5%Points on eligible eats & drinks including restaurants, bars, cafes, grocery stores, and food delivery.
- 3%Points on eligible streaming subscriptions.
- 2%Points on travel and gas.
- 1%Points on all other purchases.
Earn 1,250 Membership Rewards® points for each monthly billing period in the first year where you spend at least CA$750 on net purchases.
Earn 5x points on dining/groceries, 3x on streaming, 2x on travel/gas, and 1x elsewhere.
The American Express Cobalt Card stands out as the top choice because of its exceptional earning rates on dining and groceries, making it ideal for food lovers. With the ability to earn 5x points on eligible purchases, it offers unparalleled value for those who frequently dine out or shop for groceries.
Pros:
- High rewards on food and groceries
- Flexible points transfer options
Cons:
- High annual fee
- Spending threshold for welcome bonus
- 4%Cash back on groceries, gas, and EV charging.
- 2%Cash back on transportation, dining, and recurring payments.
- 1%Cash back on all other purchases.
Includes a 10% cash back bonus on purchases and a first-year annual fee rebate of CA$120.
Earn 4% cash back on groceries, gas, and EV charging, 2% on transportation, dining, and recurring payments, and 1% on other purchases.
What sets the CIBC Dividend Visa Infinite Card apart is its impressive cash back structure, particularly the 4% return on groceries and gas. This card is tailored for those who prioritize cash rewards on everyday spending, making it a strong contender for cash back enthusiasts.
Pros:
- High cash back rates on essential categories
- First-year annual fee rebate
Cons:
- Income requirement of CA$60,000
- Limited to specific categories for high rewards
3.Scotiabank Passport Visa Infinite Card
Scotiabank
- 6%Points on eligible purchases in specific categories.
Includes 40,000 points after CA$2,000 in spending in the first 3 months.
Earn Scene+ points on groceries, dining, entertainment, and transit.
The Scotiabank Passport Visa Infinite Card shines for its travel benefits, including no foreign transaction fees and complimentary airport lounge access. This card is particularly appealing for frequent travelers looking to maximize their rewards on travel-related expenses.
Pros:
- No foreign transaction fees
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Limited to travel-related rewards
Final Words
As you explore the best credit cards available this April 2026 in Canada, remember to assess your spending habits and goals carefully. Take the time to compare your options, ensuring you make an informed decision that aligns with your financial needs.
Frequently Asked Questions
The American Express Cobalt® Card offers a welcome bonus of 1,250 Membership Rewards® points for each monthly billing period in the first year where you spend at least CA$750 on net purchases.
With the CIBC Dividend Visa Infinite, you can earn 4% cash back on groceries, gas, and EV charging, 2% on transportation, dining, and recurring payments, and 1% on other purchases.
The Scotiabank Passport Visa Infinite Card includes a welcome bonus of 40,000 points after CA$2,000 in spending in the first 3 months and allows you to earn Scene+ points on groceries, dining, entertainment, and transit.
Yes, the American Express Cobalt® Card has an annual fee of CA$191.88, the CIBC Dividend Visa Infinite has an annual fee of CA$120, and the Scotiabank Passport Visa Infinite Card has an annual fee of CA$150. It's important to consider these fees when evaluating the overall value of the card.
To choose the best credit card, assess your spending habits, consider what rewards or benefits are most valuable to you, and compare annual fees. Additionally, look at the welcome bonuses and ongoing rewards rates to find a card that aligns with your financial goals.
The application process typically involves filling out an online form with personal and financial information. After submission, the credit card issuer will review your application, which usually takes a few minutes, and notify you of their decision.
Absolutely! For instance, the American Express Cobalt® Card allows you to earn 5x points on dining and groceries, while the CIBC Dividend Visa Infinite offers 4% cash back on groceries and gas. This makes them great options for maximizing rewards on everyday spending.
