Best Visa credit card in Canada for 2020 award seal

With wide acceptance, excellent perks, and a wide variety of cards featuring everything from cash back to travel rewards to low interest, there’s a Visa credit card for almost everyone.

Here we take a look at some of the very best of the best Visa credit cards available in Canada, revealing our top picks for best travel Visa, best cash back Visa, and our top overall pick for Canada’s best Visa credit card in 2020.

Canada's best Visa credit cards for 2020

And here they are...our picks for the best Visa credit cards for 2020:

Category Credit Card Current Welcome Bonus Offer
Best Visa credit card TD® Aeroplan® Visa Infinite* Card 15,000 miles, annual fee rebated in the first year (terms)
Best cash back Visa credit card Scotia Momentum Visa Infinite First year free (terms)
Best travel Visa with no FX fees Scotiabank Passport Visa Infinite 30,000 points (terms)

Review all 10 top Visa Credit Cards here.

Canada's overall best Visa credit card

The overall best Visa credit card for 2020 also happens to be the best Aeroplan Visa card...the .

With this card you’ll earn Aeroplan miles on all of your day-to-day spending:

  • 1.5 miles for every $1 spent on eligible gas, groceries, drugstores, and at aircanada.com, and
  • 1 mile for every $1 spent on everything else.

But, what separates this card from the crowd are the Air Canada perks you get when flying on an Aeroplan rewards ticket:

  • 1st checked bag free,
  • priority check-in,
  • priority boarding, and
  • Maple leaf lounge access (only once per year).

Plus, with 10 types of travel and purchase protection at your disposal, you'll have that added peace of mind knowing that you'll also be covered while travelling.

Best cash back Visa credit card in Canada

If you prefer a simpler approach to credit card rewards, our top cash back Visa credit card is the .

And it's no surprise this card does so well when you look at the great earn rates it provides:

  • 4% cash back on groceries and recurring bills – the highest available,
  • 2% cash back on gas and daily transit, and
  • 1% cash back on all other purchases.

As for insurance coverage, this card comes with loads. You'll get 11 types of complimentary purchase and travel insurance to give you added protection for any unfortunate or unforeseen events.

And finally, you'll also be able to enjoy Visa Infinite perks, like

  • Visa Infinite Hotel Collection, and
  • Visa Infinite Experiences.

Canada's best travel Visa credit card with no foreign exchange fees

If you love travelling, the may be the perfect Visa for you. Not only is it the clear winner for the travel category, you'll also earn some sweet rewards, and get the added bonus of no foreign exchange fees.

As a travel card, it provides you with:

  • complimentary concierge service,
  • complimentary Priority Pass membership with 6 free passes annually,
  • complimentary AVIS Preferred Plus Membership,
  • 30,000 bonus points to start off your travel rewards bank,
  • 10,000 bonus points when you charge $40,000 on your card annually, as well as
  • 2,000 bonus points for every $10,000 you spend above that.

Not to mention you'll earn:

  • 2 Scotia Rewards points per $1 spent on groceries, restaurants, entertainment, and daily transit, and
  • 1 Scotia Rewards point for every other $1 spent.

With each Scotia Rewards point being worth 1 cent when you redeem for any type of travel, your average return on spending could be 1.3%.

Plus, as we mentioned, this card completely waives the foreign exchange fees, which is a major bonus when spending in a foreign currency. You'll save up to 2.5% of your entire purchases in fees.

Compare Canada's Best Visa Credit Cards

More about Visa credit cards

If you’ve never had a Visa card, you may not understand their popularity. Here’s a quick overview of why we love them, and why we think so many other people love them too.

Visa credit cards are widely accepted

Most retailers accept Visa – aside from Costco, of course – which is one reason why they're often chosen over other networks like American Express.

There’s a Visa card for practically everyone

There’s just a massive variety of Visa credit cards available in Canada, including cash back, travel, flexible rewards, low interest, balance transfer, prepaid, no annual fee, student cards, and so much more.

If you want to find a credit card that’s perfect for you, head over to our creditcardGenius Challenge. Take a quick 3 minute quiz, and see what our algorithm bubbles up for you.

Visa Infinite and Visa Infinite Privilege Perks

Visa Infinite and Visa Infinite Privilege cards offer some fantastic benefits to cardholders in the areas of:

  • travel and hotels,
  • entertainment,
  • sports, and
  • food and wine.

Some of the best Visa credit cards also give you access to Visa Infinite Luxury Hotel Collection. This feature alone bestows the following benefits at select hotels:

  • the best available rate,
  • free wifi,
  • complimentary breakfast,
  • a food and beverage credit,
  • VIP Guest status, and
  • a later 3 PM check out.

And if you’re a foodie, the Visa Infinite Dining Series offers cardholders exclusive access to events at the most highly anticipated restaurants and top chef collaborations.

On top of that, Visa Infinite Privilege also rolls out the red carpet for their cardholders with the following extra perks when travelling:

  • global airport lounge access,
  • dedicated fast track security lanes,
  • dedicated airport parking, and
  • discounts on valet parking.

Luxury hotels, fine dining, and exclusive entertainment events are only the beginning of what these top Visa credit cards have to offer.

How we get our rankings

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

Visa 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 Visa credit cards, we don't give extra weight to any category, as we're interested in the best Visas overall.

Learn more about our Genius Rating methodology.

FAQ

What’s the best Visa credit card in Canada for travellers?

Our overall top pick for best travel Visa credit card in Canada is the TD® Aeroplan® Visa Infinite* Card. This card not only gives you a great earn rate for Aeroplan, you also get some great Air Canada perks, and 10 types of complimentary travel insurance and purchase protection.

If I just want straight up cash back, is there a best Visa credit card for me?

There is! Our favourite cash back Visa credit card is the Scotia Momentum Visa Infinite. This card has some great cash back earn rates, and also has the first year free. To top it off, you’ll also get Visa Infinite perks, and 11 types of complimentary insurance coverage.

I’m not really interested in these cards. How do I find the best credit card for me?

There are so many credit cards in the world that sorting through them all can be a really daunting task. But we’re here to help! If you head on over and take our creditcardGenius challenge, in just a few minutes you’ll get some recommendations, as determined by our unbiased math-based algorithm. There’s even potentially $25 in it for you. Check it out.

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