The perfect Visa bank cards in Canada for November 2023

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As the biggest bank card firm on this planet, Visa is a strong selection for any Canadian wanting the peace of mind of broad card acceptance each at house and overseas—it’s accepted in additional than 200 nations and territories—and entry to quite a lot of applications and merchandise. Many Visa playing cards provide attractive perks and priceless rewards, too. Plus, in the event you financial institution with RBC, CIBC, Scotiabank or one other Visa issuer, getting a Visa card is a approach to preserve your whole monetary companies in a single place. However which one to decide on? This information to one of the best Visa playing cards in Canada will enable you slender down the sector and discover a bank card that matches your way of life.

Finest total 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 would be able to 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 considered one of your month-to-month statements, and included cell gadget and journey insurance coverage—spherical out the bundle. 

• Annual payment: $120
• Earn price: 5 occasions 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 whenever you add a licensed consumer
• Welcome bonus: You possibly can earn as much as 70,000 factors price $467 in journey rewards, a $50 way of life credit score and the $120 annual payment waived within the first yr.
• Further advantages: Annual way of life credit score price $50; cell gadget protection; automotive rental collision/loss harm safety; out-of-province/nation emergency medical; Visa Infinite privileges
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers

Professionals

• Gives boosted earn charges in high classes like groceries, fuel and eating.
• Consists of journey insurance coverage and new cell gadget protection.
• Get 10% extra Rewards factors whenever you add a licensed consumer (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 price of 1 BMO level per $1 spent.
• The minimal revenue necessities put this card out of attain for some.

Finest Visa bank card for money again

Scotia Momentum Visa Infinite*

At a look: The Scotiabank Momentum Visa Infinite is our choose for greatest money again Visa for its sturdy buy and journey safety, in addition to its excessive earn price—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
• Earn price: 4% on fuel and recurring payments; 2% on fuel and every day transit; 1% on the whole lot else
• Welcome bonus: You possibly can 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 yr, together with on extra playing cards. Provide ends October 31, 2024.
• Further advantages: Cell gadget insurance coverage, journey emergency medical and journey accident protection, automotive rental harm/loss waiver, flight interruption and delayed and misplaced baggage insurance coverage; and entry to Visa Infinite experiences
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 660 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

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

Cons

• You possibly can solely entry your money again as soon as per yr, 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 of a grocery retailer.
• The minimal revenue requirement could put this card out of attain for some.

Finest 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
• Earn price: 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 possibly can earn 10% money again welcome bonus of as much as $200 (first 4 statements). Provide not obtainable to QC residents. Phrases and circumstances apply.
• Further advantages: Emergency journey medical; automotive rental collision and loss harm insurance coverage; cell gadget insurance coverage; plus save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer fuel stations whenever you hyperlink your card with Journie Rewards
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on steadiness transfers

Professionals

• Get your money again on demand, whenever you need it.
• Hyperlink your card to Journie Rewards to get deeper reductions on fuel at taking part Pioneer, Fas Fuel, Ultramar and Chevron stations.
• Ship cash internationally with CIBC International Cash Switch and pay no switch charges.
• Comes with included journey, automotive rental and new cell gadget 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 revenue requirement could put this card out of attain for some.

Finest Visa bank card for versatile journey rewards

TD First Class Journey Visa Infinite*

At a look: The TD First Class Journey Visa Infinite Card means that you can earn TD factors which you’ll redeem for rewards, together with journey and travel-related purchases. Journey booked together 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 (annual payment rebate—circumstances apply to qualify)
• Earn price: 8 TD factors per $1 spent whenever 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
• Welcome bonus: You possibly can earn as much as 115,000 TD Rewards factors. Circumstances apply. Account should be accepted by January 3, 2024. Plus, you get an annual birthday bonus of 10% of your earlier yr’s factors (as much as 10,000 factors).
• Further 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 Finances
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

• This card has a powerful included insurance coverage bundle for journey and automotive rental.
• Along with journey rewards, you possibly can 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 will not be 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 revenue requirement will put this card out of attain for some.

Finest 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 will 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 (annual payment rebate—circumstances apply to qualify)
• Earn price: 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
• Welcome bonus: You possibly can earn as much as 35,000 Aeroplan factors. Circumstances apply. Account should be accepted by January 3, 2024. Plus, as anniversary bonus, earn 15,000 Aeroplan factors whenever you spend not less than $7,500 inside 12 months of opening the account.
• Further advantages: Lodge-motel housebreaking insurance coverage; auto rental collision/loss harm insurance coverage; new cell gadget insurance coverage as much as $1,000; Nexus utility rebate of as much as $100 each 48 months
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 660 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

• Earn double the factors whenever 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 whenever 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 if you’re over 65 years outdated.
• You’re restricted to Air Canada and choose Star Alliance airways.
• The accelerated earnings price is just obtainable in three spending classes.

Finest 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 low outlets, 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
• Earn price: 4% money again at eating places, bars and low outlets (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
• Welcome bonus: As much as 20% money again on eligible fuel, groceries and preauthorized funds throughout the first three months as much as a $500 spend and 9.99% rate of interest on purchases for 3 months
• Further advantages: Buy safety and prolonged safety insurance coverage
• Annual revenue requirement: Private or family revenue of $15,000 
• Really helpful credit score rating for approval: Not specified
• Rates of interest: 19.99% on purchases, 22.99% on money advances

Professionals

• There’s no restrict on how a lot money again you possibly can earn.
• Get $50 for each referral who opens an account utilizing your distinctive hyperlink.
• The low minimal annual revenue 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 best way of extras or perks.

Finest Visa bank card for no overseas transaction charges

House Belief Most well-liked Visa*

At a look: The House Belief Most well-liked Visa card is likely one of the few bank cards in Canada that doesn’t cost overseas transaction charges on purchases made in a overseas foreign money. This makes it extremely appropriate for travellers and cross-border buyers seeking 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
• Earn price: 1% on all purchases in Canada 
• Welcome provide: You possibly can earn 1% cashback on eligible purchases in Canada, with no caps on cashback earn.
• Further advantages: Automobile rental theft and collision insurance coverage; buy safety
• Annual revenue requirement: None
• Really helpful credit score rating for approval: 660 or larger
• Rates of interest: 21.99% on purchases, 21.99% on money advances

Professionals

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

Cons

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

Finest Visa bank card for low curiosity

RBC Visa Traditional Low Fee Possibility

At a look: For individuals who are carrying debt, a decrease curiosity bank card is a superb instrument. The RBC Visa Traditional Low Fee Possibility 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, corresponding to reductions at Petro-Canada fuel and free supply from DoorDash.

• Annual payment: $20
• Earn price: N/A
• Welcome provide: You possibly can earn a 0.99% introductory rate of interest for the primary 10 months on money advances and steadiness transfers and no annual payment for the primary yr. Apply by December 6, 2023.
• Further advantages: Free extra card; save $0.03 per litre on gasoline at Petro-Canada fuel stations whenever you hyperlink your bank card to your Petro-Factors account; possibility to save lots of at choose retailers, corresponding to Roots, Indigo and The Keg eating places, by RBC Gives 
• Annual revenue requirement: None
• Rates of interest: 12.99% on purchases, 12.99% on money advances, 12.99% on steadiness transfers

Professionals

• The low annual payment and no minimal revenue requirement means this card is accessible to most Canadians.
• Further playing cards are free.
• Achieve entry to RBC Gives, which prevent cash.
• Earn Petro Factors and save on gasoline at Petro-Canada.
• Get 3 months of free supply plus free supply on orders of over $15 whenever 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.

Finest 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 give attention to perks. With this card you’ll not solely have wonderful included journey insurance coverage, but additionally Precedence Move membership with six free annual lounge passes and free Avis Most well-liked Plus membership. And also you received’t pay overseas transaction charges on purchases made in a overseas foreign money.

• Annual payment: $150
• Earn price: Thrice the Scene+ factors on each $1 spent at Sobeys banner shops; two occasions the factors per $1 on groceries at different shops, eating, leisure, and transit expenses; and Scene+ level per $1 on different purchases 
• Welcome bonus: You possibly can 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 January 3, 2024.
• Further advantages: No overseas 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 harm, lodge/motel housebreaking protection; Precedence Move membership and 6 complimentary airport lounge visits; financial savings and upgrades on Avis automotive leases; Visa Infinite privileges
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 660 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

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

Cons

• The earn price could possibly be higher for such a premium card.
• There’s no new cell gadget insurance coverage.
• The annual payment of $150 is on the excessive finish for comparable playing cards.
• The minimal annual requirement will put this card out of attain for some.

Finest 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: $
• Earn price: 3 factors per $2 spent on all Canadian-dollar purchases and 6 factors per $2 on overseas purchases
• Welcome bonus: None
• Further 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 harm protection; as much as $1,000 in new cell gadget insurance coverage; entry to Visa Infinite advantages together with 24/7 concierge companies and lodge keep upgrades at eligible places
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: % on purchases, % on money advances

Professionals

• This card presents 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 gadget insurance coverage in cose your telephone is misplaced or broken.
• This card has a decrease than standard 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.

Finest 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 bundle, you’re entitled to towing, winching, lock-out assist, gasoline supply and emergency service calls of as much as 200 kilometres. Even higher, you’re coated 24/7, irrespective of which automobile you’re driving, wherever in Canada or the U.S. 

• Annual payment: $139 (rebated for the primary yr.)
• Earn price: 3% money again on fuel, grocery and recurring invoice funds; 1% on all different purchases
• Welcome bonus: You possibly can earn as much as $500 in worth, together with 10% in Money Again {Dollars} within the first 3 months on Bonus Eligible Purchases as much as a complete spend of $3,500. Circumstances apply. Account should be accepted by March 4, 2024.
• Further advantages: Deluxe TD Auto Membership membership; automotive rental collision loss harm waiver; some medical insurance coverage; cell gadget insurance coverage; financial savings with Avis and Finances automotive leases; Visa Infinite advantages
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

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

Cons

• The included journey insurance coverage bundle is incomplete. For instance, there is no such thing as 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.

Finest Visa bank card for college kids

Scotiabank Scene+ Visa card*

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

• Annual payment: $0
• Earn price: 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
• Welcome bonus: You possibly can earn 5,000 bonus Scene+ factors inside your first yr. Should apply by February 29, 2024.
• Further advantages: $10 off taking part eating places whenever you redeem 1,000 factors; 25% off base charges at taking part Avis and Finances automotive rental places 
• Minimal revenue requirement: $12,000
• Really helpful credit score rating for approval: 725 or larger
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

• You possibly can 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 might be tough to succeed in.

Honourable point out

Scotiabank Momentum No-Charge Visa

At a look: With the Scotiabank Momentum No-Charge 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
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• Earn price: 1% money again at fuel stations, grocery shops, drug shops and for recurring payments; 0.5% on the whole lot else
• Welcome bonus: You possibly can 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Professionals

• You possibly can earn money again with out paying an annual payment.
• With no annual payment and no minimal revenue 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 greatest bank cards: