Best perks credit card in Canada for 2020 award seal

When it comes to credit cards, rewards are not always the best indicator of how good they are.

In fact, for some people, rewards may not even be something they look at.

What gets them excited? It’s all the "other stuff" that gives the card an overall feeling of prestige.

Things like:

  • concierge service,
  • roadside assistance,
  • large sign-up bonuses,
  • travel and purchase insurance,
  • lounge access,
  • annual travel credits,
  • free or discounted companion flights, and
  • much more.

That's exactly why we wanted to have a page dedicated to the cards that have the absolute best perks.

Luckily, these top perks credit cards not only give their cardholders premium comfort and convenience, but many of them have some of the best rewards earn rates as well.

Keeping in mind, these cards are all premium cards and tend to come with a hefty annual fee. And of course, you’ll need to meet their income requirements as well, if they have any.

So, as long as you're willing to pay the fee, if you’ve got an eye for the "other stuff," there could be a card here for you:

Best perks credit card

The is leaps and bounds above other cards when it comes to perks.

It starts with the welcome bonus. Get 25,000 points by making $2,000 in purchases in the first 3 months. Transfer those to Aeroplan at a 1:1 ratio, and you're looking at a bonus worth up to $625.

What's more, every year you own the card, you get a $200 annual travel credit. Simply book any single travel booking of $200 or more through the Platinum Card Travel Service and get $200 off your purchase.

With this card, you'll also get access to the International Airline Program, giving you discounted fares on first, business, and premium economy flights.

Want even more perks while travelling? Here's some of what you get:

  • free lounge access at over 1,200 airports around the world with the American Express Global Lounge Collection,
  • if you travel through Toronto-Pearson airport, get complimentary valet service, 15% discount on parking, and get access to priority security screening,
  • American Express fine hotels and resorts, a collection of over 1,000 hotels where you can enjoy special benefits,
  • automatic Gold Elite status with Marriott Bonvoy, Gold status in Radisson Rewards, and Hilton Honors Gold,
  • automatic Hertz Gold Plus Rewards 5 tier membership and Avis Preferred membership, and
  • access to the Platinum Card travel service, for assistance with travel plans and reservations.

You'll earn 1 Membership Rewards points for every $1 you spend, plus 2 points on travel purchases and 3 on restaurants.

Plus, travel with peace of mind with 11 types of travel and purchase insurance.

It's all for an annual fee of $699. While steep, the value this card brings to the table definitely compensates for its annual fee.

Major bonus: this card has no minimum income requirements, making it available to anyone as long as you have good credit.

If you want red carpet treatment wherever you go, this is the card for you.

Compare Credit Cards With The Best Perks

How we get our rankings

How do we decide what are the best perks cards? We take into account over 126 features of each credit card, broken down into 7 main categories.

Perks page genius rating scoring

We then take those features and put them through our algorithm, which calculates a score out of 5. And since we're talking about credit cards with the best perks, we give extra weight to the perks category, as it's the primary feature we're after with cards on this page.

Learn more about our Genius Rating methodology.

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