Best store credit card for 2020 award seal

Store credit cards can often seem like a much better idea when you're in the store, but when you get home you realize the interest is high and the rewards are only valuable when you’re at that specific store.

That doesn’t mean store credit cards don’t make sense for some people. Store cards can earn you points or cash back to use at the retail locations you shop most. AIR MILES, Canadian Tire Money, and Walmart Rewards are just a few of the rewards you can start raking in with these store cards.

But keep an eye out for 2 main things when considering a store card:

  • Is the reward value you get on everyday purchases competitive with other non-store rewards cards on the market?
  • Are the increased store-specific rewards, bonuses, and exclusive offers for store credit cardholders enough to make up for any shortfalls the card may have?

Let's take a look at the best store credit cards on the Canadian market right now that check "Yes!" on both those statements.

Whatever you’re looking for, one of these best store credit cards could be it.

Best store credit cards for 2020

Here are some of the best store credit cards we think you should take a closer look at:

CategoryCredit CardCurrent Welcome Bonus Offer
Best store credit card for rewardsScotiabank GM Visa Infinite First year free (terms)
Best AIR MILES store credit cardBMO® AIR MILES®† World Elite®* Mastercard®*Up to 3,000 miles, first year free (terms)
Best date night store credit cardScotiabank SCENE Visa Card2,500 points (terms)

Review all top 10 store credit cards here.

Best store credit card for rewards

If you're on the market for a new GM vehicle, you absolutely need to consider the to add to your wallet.


Because you'll get:

  • 5% in GM Earnings on the first $10,000 spent annually, and
  • 2% in GM Earnings on everything else after that.

Earn rates as high as 5% is completely unheard of in the Canadian credit card market for cash back or store credit cards.

And with 1 dollar in GM Earnings being worth $1 off the purchase or lease of your new GM vehicle, you'll be seeing yourself behind the wheel sooner than you thought. All for an annual fee of $79.

A good strategy for this card would be to use it for your first $10,000 spent annually to take advantage of the high earn rate, then switch to a different high-earn rate card for the rest of the year. That way, you'll really be maximizing your returns.

Don't qualify for the $60,000 personal or $100,000 household income?

Then there's the as an excellent alternative that comes with no annual fee.

Best AIR MILES store credit card

The best AIR MILES branded credit card is the .

With an amazing welcome bonus of up to 3,000 AIR MILES, and an earn rate of 1 mile per $10 spent, you'll earn lots of AIR MILES on all your purchases.

Looking for a no fee version? Consider the .

You'll get a bonus of 800 AIR MILES and still earn up to 1 mile per $10 spent.

Best date night store credit card

If you're looking for ways to cut costs on your weekly date night with your significant other, or if you simply love being in front of the big screen, the could be just the card for you.

You'll earn:

  • 5 SCENE points for every $1 you spend at Cineplex theatres and, and
  • 1 SCENE point everywhere else.

And, for a limited time, you can enjoy 2,500 SCENE points as a sign-up bonus when you spend $500 in the first 3 months. That's enough for 2 movie tickets.

Compare Store Credit Cards

How we get our rankings

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

Store 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 store credit cards, we give extra weight to the rewards category, as it's the primary feature we're after for cards on this page.

Learn more about our Genius Rating methodology.

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