Canada’s finest Visa bank cards 2023

As the biggest bank card firm on the planet, Visa is a strong selection for any Canadian wanting the peace of mind of large acceptance and entry to quite a lot of packages and merchandise. Plus, when you already financial institution with RBC, CIBC, Scotiabank or one other Visa issuer, a Visa card is a technique to preserve your monetary companies “within the household.” No matter your causes for contemplating Visa, this information will aid you discover a bank card that matches your way of life.

Greatest general Visa bank card 

BMO eclipse Visa Infinite*

At a look: Maximize the facility of your on a regular basis spending with sturdy earn charges on BMO Rewards factors that you could redeem for merchandise or reward playing cards, journey, assertion credit or investments. Good perks—just like the juicy annual $50 “way of life credit score,” earned for merely exceeding that quantity on one among your month-to-month statements, and included cell machine and journey insurance coverage—spherical out the package deal. 

• Annual payment: $120
• Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers
• Welcome bonus: You may earn as much as 70,000 factors ($467 worth), 5 instances the factors on fuel, eating, groceries and transit for the primary 12 months, and 10% extra factors if you add a certified person. Additionally, earn a $50 way of life credit score.
• Earn fee: 5 instances the BMO Rewards factors for each $1 spent on eating out and in, groceries, and fuel and transit for the primary $50,000 in annual purchases; 1 BMO Rewards level for the whole lot else; earn 10% extra factors if you add a certified person
• Our favorite options: $50 way of life credit score yearly
• Extra advantages: Annual way of life credit score price $50; cell machine protection; automotive rental collision/loss injury safety; out-of-province/nation emergency medical; Visa Infinite privileges
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• Affords boosted earn charges in prime classes like groceries, fuel and eating.
• Consists of journey insurance coverage and new cell machine protection.
• Get 10% extra Rewards factors if you add a certified person (for $50 yearly).
• Cardholders get an annual $50 assertion credit score to spend nonetheless they want.

Cons

• There may be an annual cap of $50,000 in purchases for boosted spend classes; after that, you’ll earn at a fee of 1 BMO level per $1 spent.
• The minimal earnings necessities put this card out of attain for some.

Greatest Visa bank card for money again

Scotia Momentum Visa Infinite*

At a look: The Scotiabank Momentum Visa Infinite is our choose for finest money again Visa for its sturdy buy and journey safety, in addition to its excessive earn fee—4% on groceries and recurring payments, 2% on fuel and every day transit (together with public transit, taxis and rideshares) and 1% on the whole lot else.

• Annual payment: $120
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual payment within the first 12 months, together with on extra playing cards. Provide ends June 30, 2023.
• Earn fee: 4% on fuel and recurring payments; 2% on fuel and every day transit; 1% on the whole lot else
• Extra advantages: Cell machine insurance coverage, journey emergency medical and journey accident protection, automotive rental injury/loss waiver, flight interruption and delayed and misplaced baggage insurance coverage; and entry to Visa Infinite experiences
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• This card’s earn charges are a number of the highest within the nation in key and broadly outlined spending classes.
• Included new cell machine, journey and automotive rental insurance coverage make this an all-around bank card.
• Repay bigger purchases in installments by Scotia SelectPay.

Cons

• You may solely entry your money again as soon as per 12 months, and solely as an announcement credit score.
• For those who purchase your groceries at Walmart, you’ll solely get 1% money again because it isn’t thought-about a grocery retailer.
• The minimal earnings requirement might put this card out of attain for some.

Greatest Visa bank card for fuel and groceries

CIBC Dividend Visa Infinite

At a look: Take the sting out of rising costs with the CIBC Dividend Visa Infinite’s return of 4% money again on fuel and groceries, and a pair of% again on every day transit (together with rideshares and public transit), eating, and recurring funds. You’ll additionally get perks like journey medical and rental automotive collision insurance coverage. 

• Annual payment: $120
• Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on steadiness transfers
• Earn fee: 4% money again on fuel and groceries, 2% on eating, every day transit and recurring payments, and 1% again on the whole lot else.
• Welcome bonus: You may earn 15% money again welcome bonus of as much as $300 (first 4 statements).
• Extra advantages: Emergency journey medical; automotive rental collision and loss injury insurance coverage; cell machine insurance coverage; plus save as much as $0.10 per litre at collaborating Chevron, Ultramar and Pioneer fuel stations if you hyperlink your card with Journie Rewards
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• Get your money again on demand, if you need it.
• Hyperlink your card to Journie Rewards to get deeper reductions on fuel at collaborating Pioneer, Fas Gasoline, Ultramar and Chevron stations.
• Ship cash internationally with CIBC World Cash Switch and pay no switch charges.
• Comes with included journey, automotive rental and new cell machine insurance coverage.

Cons

• The included emergency journey medical insurance coverage covers the primary 15 days of your journey. You’ll have to purchase extra insurance coverage for longer journeys.
• The minimal earnings requirement might put this card out of attain for some.

Greatest Visa bank card for versatile journey rewards

TD First Class Journey Visa Infinite*

At a look: The TD First Class Journey Visa Infinite Card lets you earn TD factors which you’ll be able to redeem for rewards, together with journey and travel-related purchases. Journey booked along with your TD factors has no blackouts or seat restrictions, and TD factors don’t expire. This card additionally has included journey insurance coverage. 

• Annual payment: $139 (rebated for the primary 12 months).
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn as much as 100,000 TD Rewards factors. Circumstances apply. Should apply by September 5, 2023. Plus, you get an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors).
• Earn fee: 8 TD factors per $1 spent if you ebook journey by Expedia For TD; 6 Factors per $1 on groceries & eating places; 4 factors per $1 spent on recurring payments; 2 factors per $1 spent on the whole lot else
• Extra advantages: Journey emergency medical, journey accident, automotive rental, journey interruption, flight interruption and delayed and misplaced baggage insurance coverage; entry to Visa Infinite experiences; automotive rental financial savings with Avis and Funds
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• This card has a powerful included insurance coverage package deal for journey and automotive rental.
• Along with journey rewards, you may redeem your factors for on a regular basis perks like money again, reward playing cards and extra.

Cons

• Redeeming TD factors for journey not booked by Expedia For TD isn’t automated. You’ll need to contact the TD Journey Rewards program to make use of your factors.
• The earn construction is a bit complicated and rewards depend upon the place and the way you ebook. 
• The minimal annual earnings requirement will put this card out of attain for some.

Greatest airline Visa bank card

TD Aeroplan Visa Infinite*

At a look: If Air Canada is your airline of selection, check out the TD Aeroplan Visa Infinite. You get quite a few Air Canada perks with this card, like most popular pricing and a free first checked bag on Air Canada for you and as much as eight journey companions. The all-new Aeroplan rewards chart and beneficiant stopover coverage means you may get nice worth in your factors when redeeming for journey on Air Canada in addition to over two dozen Star Alliance associate airways. 

• Annual payment: $139
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn as much as 50,000 Aeroplan factors. Circumstances apply. Should apply by September 5, 2023. Plus, as anniversary bonus, earn 20,000 Aeroplan factors if you spend a minimum of $7,500 inside 12 months of opening the account.
• Earn fee: 1.5 Aeroplan factors for each $1 spent on eligible fuel, grocery and Air Canada purchases, and 1 level per $1 spent on the whole lot else
• Our favorite options: Complete journey insurance coverage, free checked baggage on Air Canada. 
• Extra advantages: Lodge-motel housebreaking insurance coverage; auto rental collision/loss injury insurance coverage; new cell machine insurance coverage as much as $1,000; Nexus utility rebate of as much as $100 each 48 months
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000.

Execs

• Earn double the factors if you present your card and Aeroplan quantity at greater than 150 Aeroplan associate manufacturers and at 170+ on-line retailers by way of the Aeroplan eStore.
• Earn 50% extra Aeroplan factors if you store at Starbucks by linking your Starbucks Rewards account to your TD card.
• Use your Aeroplan factors for each Air Canada seat with out restrictions or blackout durations.
• Redeem your factors for different journey bills like lodge rooms and automotive leases.
• Get an utility payment rebate as soon as each 48 months for the quick-customs journey program NEXUS.
• Features a complete suite of journey insurance coverage.

Cons

• The included journey insurance coverage is just for journeys of as much as 21 days, or solely 4 days in case you are over 65 years outdated.
• You’re restricted to Air Canada and choose Star Alliance airways.
• The accelerated earnings fee is just obtainable in three spending classes.

Greatest no payment Visa bank card for rewards

Simplii Monetary Money Again Visa

At a look: The no-fee Simplii Monetary Money Again Visa comes with 4% money again (as much as $5,000 yearly) on spends at eating places, bars and occasional retailers, making this a winner for many who prefer to dine out. The 1.5% return on fuel, groceries and drugstore purchases (as much as $15,000 yearly) can be respectable, and the whole lot else earns 0.5% again, with no restrict. 

• Annual payment: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances
• Welcome bonus: 10% money again at eating places and bars through the first 4 months as much as a $500 spend and 9.99% rate of interest on purchases for 3 months
• Earn fee: 4% money again at eating places, bars and occasional retailers (as much as $5,000 spend); 1.5% again on fuel, groceries, drugstore purchases and pre-authorized funds (as much as $15,000 spend); 0.5% on all different purchases
• Extra advantages: Buy safety and prolonged safety insurance coverage
• Annual earnings requirement: Private or family earnings of $15,000 

Execs

• There’s no restrict on how a lot money again you may earn.
• Get $50 for each referral who opens an account utilizing your distinctive hyperlink.
• The low minimal annual earnings requirement makes this a super-accessible card.

Cons

• There are annual caps on earnings in boosted classes.
• You need to have a Simplii Monetary checking account to get the cardboard.
• This card doesn’t provide a lot in the way in which of extras or perks.

Greatest Visa bank card for no international transaction charges

House Belief Most popular Visa*

At a look: The House Belief Most popular Visa card is without doubt one of the few bank cards in Canada that doesn’t cost international transaction charges on purchases made in a international foreign money. This makes it extremely appropriate for travellers and cross-border consumers trying to save the two.5% to three% surcharge they’d get with most bank cards. Moreover, you’ll earn 1% money again on all purchases made in Canada. And, the cardboard has no annual payment, so you retain extra of your cash in your pockets.

• Annual payment: $0
• Rates of interest: 19.99% on purchases, 19.99% on money advances
• Earn fee: 1% on all purchases in Canada 
• Welcome provide: You may earn 1% cashback on eligible purchases in Canada, with no caps on cashback earn.
• Extra advantages: Automotive rental theft and collision insurance coverage; buy safety
• Annual earnings requirement: None

Execs

• There’s no restrict to the amount of money again you may earn.
• Save the international transaction charges on purchases made in a international foreign money.
• Consists of automotive rental theft and collision insurance coverage.
• There’s no minimal annual earnings requirement so this card could be very accessible.

Cons

• Doesn’t embrace perks or extras.
• The earn fee of 1% isn’t aggressive with different playing cards.
• The money again rewards are paid out yearly in January as an announcement credit score.

Greatest Visa bank card for low curiosity

RBC Visa Basic Low Price Choice

At a look: For individuals who are carrying debt, a decrease curiosity bank card is a superb software. The RBC Visa Basic Low Price Choice is a reasonably no-frills card with a flat 12.99% rate of interest on purchases, money advances and steadiness transfers. It comes with some associate perks, reminiscent of reductions at Petro-Canada fuel and free supply from DoorDash.

• Annual payment: $20
• Rates of interest: 11.99% on purchases, 11.99% on money advances, 11.99% on steadiness transfers
• Earn fee: N/A
• Extra advantages: Free extra card; save $0.03 per litre on gas at Petro-Canada fuel stations if you hyperlink your bank card to your Petro-Factors account; choice to save lots of at choose retailers, reminiscent of Roots, Indigo and The Keg eating places, by RBC Affords 
• Annual earnings requirement: None

Execs

• The low annual payment and no minimal earnings requirement means this card is accessible to most Canadians.
• Extra playing cards are free.
• Acquire entry to RBC Affords, which prevent cash.
• Earn Petro Factors and save on gas at Petro-Canada.
• Get 3 months of free supply plus free supply on orders of over $15 if you add this card to your DoorDash account.

Cons

• This card doesn’t include journey insurance coverage or roadside help.
• There’s no steadiness switch promotion to maneuver debt from a higher-interest card.

Greatest Visa bank card for lounge entry

Scotiabank Passport Visa Infinite Card*

At a look: The Scotiabank Passport Visa Infinite is a premium bank card with a concentrate on perks. With this card you’ll not solely have wonderful included journey insurance coverage, but in addition Precedence Go membership with six free annual lounge passes and free Avis Most popular Plus membership. And also you gained’t pay international transaction charges on purchases made in a international foreign money.

• Annual payment: $150
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn as much as $1,100+ in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. Provide ends 31 October 2023.
• Earn fee: Thrice the Scene+ factors on each $1 spent at Sobeys banner shops; two instances the factors per $1 on groceries at different shops, eating, leisure, and transit expenses; and Scene+ level per $1 on different purchases 
• Extra advantages: No international transaction charges; journey insurance coverage together with journey emergency medical, journey cancellation and interruption, journey accident; flight and baggage delay, misplaced baggage, automotive rental theft and injury, lodge/motel housebreaking protection; Precedence Go membership and 6 complimentary airport lounge visits; financial savings and upgrades on Avis automotive leases; Visa Infinite privileges
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• Comes with a complete journey insurance coverage package deal.
• You gained’t pay international alternate charges with this card.
• Consists of six complimentary airport lounge passes.
• Earn boosted Scene+ factors if you store at Sobeys banner shops.
• You may have entry to Scene+ Journey and you may redeem Scene+ factors for journey regardless of the place you ebook.
• Get particular entry and extras to lodge, eating and leisure experiences by the Visa Infinite program.

Cons

• The earn fee may very well be higher for such a premium card.
• There’s no new cell machine insurance coverage.
• The annual payment of $150 is on the excessive finish for related playing cards.
• The minimal annual requirement will put this card out of attain for some.

Greatest Visa bank card for journey insurance coverage

Meridian Visa Infinite Journey Rewards

At a look: The Meridian Visa Infinite Journey Rewards card has one of the best journey insurance coverage round, particularly for Canadians between 65 and 75 years outdated, who will obtain as much as 15 days protection. Whereas most playing cards provide round $1 million in journey emergency medical, this card comes with $5 million per particular person for journeys of as much as 48 days for these 59 and youthful, and 23 days for these 60 to 64 years outdated. 

• Annual payment: $99
• Rates of interest: 19.5% on purchases, 21.99% on money advances
• Welcome bonus: None
• Earn fee: 3 factors per $2 spent on all Canadian-dollar purchases and 6 factors per $2 on international purchases
• Extra advantages: Journey insurance coverage together with as much as $5 million in journey emergency medical, as much as $2,000 journey cancellation/interruption/delay, baggage delay, misplaced or broken baggage, as much as $1 million in widespread service journey accident, as much as 48 consecutive days of automotive rental collision/loss injury protection; as much as $1,000 in new cell machine insurance coverage; entry to Visa Infinite advantages together with 24/7 concierge companies and lodge keep upgrades at eligible areas
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• This card gives extra protection with larger limits than different bank cards in Canada and it offers protection for these as much as 75 years outdated.
• Consists of $1,000 in new cell machine insurance coverage in cose your telephone is misplaced or broken.
• This card has a decrease than regular annual payment of $99.

Cons

• You need to log into the third-party website ScoreCard to redeem your factors.
• There aren’t methods to speed up your rewards factors earnings.

Greatest Visa bank card for roadside help

TD Money Again Visa Infinite Card*

At a look: For those who carry the TD Money Again Visa Infinite, you’re a Deluxe member of the TD Auto Membership, so assist is just a name away. With this package deal, you’re entitled to towing, winching, lock-out assist, gas supply and emergency service calls of as much as 200 kilometres. Even higher, you’re coated 24/7, regardless of which automobile you’re driving, anyplace in Canada or the U.S. 

• Annual payment: $139 (rebated for the primary 12 months.)
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn 10% Money Again on all Purchases for the primary 3 months as much as a complete spend of $2,000. Plus, no Annual Price for the primary 12 months. Circumstances apply. Should apply on-line by September 5, 2023.
• Earn fee: 3% money again on fuel, grocery and recurring invoice funds; 1% on all different purchases
• Extra advantages: Deluxe TD Auto Membership membership; automotive rental collision loss injury waiver; some medical insurance coverage; cell machine insurance coverage; financial savings with Avis and Funds automotive leases; Visa Infinite advantages
• Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000

Execs

• Redeem your money again any time and your money again {dollars} by no means expire.
• Consists of cell machine insurance coverage.
• Earn 50% extra Stars at collaborating Starbucks shops by linking your card. 

Cons

• The included journey insurance coverage package deal is incomplete. For instance, there isn’t a journey delay, cancellation or interruption safety.
• The boosted earn charges on groceries and fuel aren’t as sturdy as another playing cards on this class.
• The annual payment of $139 is on the excessive finish for playing cards on this class.

Greatest Visa bank card for college students

Scotiabank Scene+ Visa card*

At a look: The no-annual-fee Scotiabank Scene+ Visa is a good way for low earnings earners to entry the Scene+ program the place they will redeem factors for groceries, leisure, eating, and extra. The modest $12,000 annual earnings requirement retains this card extraordinarily accessible.

• Annual payment: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn 5,000 bonus Scene+ factors inside your first 12 months. Should apply by October 31, 2023.
• Earn fee: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent in every single place else
• Extra advantages: $10 off collaborating eating places if you redeem 1,000 factors; 25% off base charges at collaborating Avis and Funds automotive rental areas 
• Minimal earnings requirement: $12,000

Execs

• You may earn and redeem factors on groceries, leisure, eating, journey and extra. 
• Repay purchases of $100 or extra in interest-free installments with Scotia SelectPay.
• There’s a low redemption threshold of just one,000 factors.
• Factors by no means expire.

Cons

• There’s no included insurance coverage in any respect.
• With these earn charges, higher-ticket rewards like journey will probably be troublesome to succeed in.

Honourable point out

Scotiabank Momentum No-Price Visa

At a look: With the Scotiabank Momentum No-Price Visa card, not solely do members pay no annual payment, however they’re additionally given the chance to earn 0.5% to 1% money again on their purchases.

• Annual payment: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
• Welcome bonus: You may earn 5% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). Provide ends 30 June 2023.
• Earn fee: 1% money again at fuel stations, grocery shops, drug shops and for recurring payments; 0.5% on the whole lot else
• Extra advantages: Free extra playing cards; as much as 25% off on automotive leases at Avis 
• Annual earnings requirement: None

Execs

• You may earn money again with out paying an annual payment.
• With no annual payment and no minimal earnings requirement, this can be a extremely accessible card.

Cons

• The earn charges of 0.5% to 1% are decrease than many different playing cards on this class.
• This card doesn’t include any insurance coverage.

Extra of Canada’s finest bank cards: