The worst part about summer is how quickly it ends. July has come and gone, and already half of summer is over.

And it will be September before we know it.

And as much as some of us hate to admit it, “back to school” or “back to reality” routines are just around the corner.

With school supplies to buy and healthy lunches to plan, we have a lot on our minds and extra strain on our wallets.

If you’re going to be making purchases, make sure you have a credit card in your wallet that is going to work for you.

Our list here has a mix of cash back and rewards cards. There’s bound to be something here to suit your taste.

Credit Card Credit Card Offer Annual Fee Income Requirements Apply Now
American Express Cobalt * 30,000 bonus points (terms)
* Best credit card in Canada
$120, charged out as $10 per month None Apply Now
Scotiabank Passport Visa Infinite * 25,000 welcome bonus points (terms)
* No foreign exchange fees
$139 60K personal/100K household Apply Now
BMO CashBack Mastercard * 5% cash back in the first 3 months (terms) $0 None Apply Now
Scotiabank Gold American Express * No foreign transaction fees
* Up to 30,000 bonus points (terms)
$120 $12K personal Apply Now
TD Cash Back Visa Infinite* * 10% cash back on all purchases (terms)
* Offer ends September 20, 2019
$120, first year free 60K personal/100K household Apply Now
MBNA True Line® Mastercard® * 0% interest for 10 months – best balance transfer offer in Canada (terms) $0 None Apply Now
BMO AIR MILES World Elite Mastercard * 3,000 bonus miles (terms) $120, first year free $80K personal/150K household Apply Now
TD® Aeroplan® Visa Infinite* * Up to 25,000 bonus miles (terms)
* Air Canada benefits
* Offer ends September 3, 2019.
$120, first year free 60K personal/100K household Apply Now
Home Trust Preferred Visa * No foreign exchange fee, 1% cash back (terms) $0 None Apply Now
MBNA Rewards Platinum Plus® Mastercard® * 10,000 welcome bonus (terms) $0 None Apply Now
Tangerine Money Back Credit Card * Up to 4% cash back on your chosen categories (terms) $0 None Apply Now
TD First Class Travel Visa Infinite * Up to 80,000 welcome bonus points (terms) $120, first year free 60K personal/100K household Apply Now
Rate Your Wallet and find your perfect match.

Best credit card in Canada, up to 30,000 bonus points

The best credit card in Canada, the American Express Cobalt Card, graces our list with its outstanding 30K welcome bonus. All you have to do to receive it is spend at least $500 per month for 12 months, and the full bonus will be yours.

Considering the average family of 4 in Canada will spend around $1,000 per month on groceries alone in 2019, this welcome bonus is as good as earned.

On top of that, you’ll get:

  • 5 points per $1 spent on grocery, bar, and restaurant purchases.
  • 2 points per $1 spent on gas and travel purchases (including daily transit), and
  • 1 point per $1 spent on all other purchases.

All for a super-manageable $10 monthly fee.

And with a multitude of ways to use your Membership Rewards points, you’ll be earning high value, flexible rewards that can be used for almost anything.

Get the full details here:

No foreign exchange fees, great travel perks

For a card that offers great perks, the Scotiabank Passport Visa Infinite will give you a card that offers flexible travel rewards, and much more.

To get you started, you can earn a welcome bonus of 25,000 points after spending $1,000 in the first 3 months. That’s worth $250 in value when redeemed for travel through Scotia Rewards.

On top of that, earn points on your everyday purchases:

  • 2 points per $1 on groceries, restaurants, entertainment, and travel, and
  • 1 point per $1 spent on everything else.

Where this card really shines in rewards is the bonus rewards handed out. Spend 40K per year on this card and you’ll get a 10,000 point bonus. For every 10K you spend above that, get 2,000 bonus points.

But it’s best feature? It charges no foreign transaction fee. Save yourself the usual 2.5% other cards charge. In fact, it’s our #1 rated foreign transaction fee credit card in Canada right now.

Throw in great insurance, including travel insurance coverage for anyone over 65, and a priority pass membership with 6 free visits, and you’ll be able to relax and put your mind at ease while your out travelling.

Get the full details here:

5% cash back for the first 3 months, no annual fee

If a basic, no fee cash back card is what you’re looking for, the BMO CashBack Mastercard should be at the top of your list.

For starters, you’ll earn 5% cash back in the first 3 months, on the first $2,000 in spend. That right there will earn you a cool $100.

Then, earn a straightforward 1% cash back on every purchase you make. There’s no cap, tiers or categories to worry about.

And best of all, you decide when you want to redeem your rewards. Once you’ve accumulated $50 in cash back you can either:

  • get a statement credit,
  • deposit into a BMO bank account, or
  • make a contribution to your BMO Investorline account.

For no annual fee, this card is the complete no fee, cash back package.

Get the full details here:

A new no foreign transaction fee credit card with improved rewards

Though this card has already been a fan favourite for its super-flexible rewards and great earn rates, it just got a lot better.

The Scotiabank Gold American Express has joined the exclusive club of cards that charge no foreign exchange fees. That’s right, now this card will save you the usual 2.5% currency conversion charge that other cards charge.

But it’s not the only change that just happened to this card. For most people, you’ll also see an improvement in your total rewards as well:

  • 5 points per $1 on groceries, restaurants, and entertainment,
  • 3 points per $1 on gas, transit, and select streaming services, and
  • 1 point per $1 on everything else.

And finally, it has also seen a great improvement in the welcome bonus. Now, you can earn up to 30,000 points – 25,000 after spending $1,000 in the first 3 months, and another 5,000 after spending 10,000 in the first year.

It’s honestly quite surprising to see the welcome bonus increase so much on the card (it used to be 15,000), and really helps it stand out as part of its relaunch.

And while the annual fee has been increased slightly to $120 (from $99), the no fx fees, increased sign-up bonus, and improved earn rates more than offset this difference.

Get the full card details here:

10% cash back and the first year free

One of the top cash back cards in Canada is also running a great sign-up bonus.

The TD Cash Back Visa Infinite* is offering 10% cash back on absolutely all purchases, up to $2,000 in spending in the first 3 months. That’s a potential $200 in rewards.

Plus, you don’t have to dish any of it out on an annual fee, because you’ll be getting it waived for the first year as well.

After your honeymoon period is over, you’ll be earning 3% cash back on gas, groceries, and recurring bills, capped at $15,000 in spending per year for each category. Afterwards, and on all your other purchases, you’ll get a straightforward 1% back.

One of the best features of this card though is complimentary roadside assistance.

Although winter is finally behind us and you won’t be stranded in the dead cold of a Canadian winter should your car break down…it’s definitely a handy feature to have for summer road trips should you find yourself in a pickle.

Get the full details here:

0% interest on balance transfers for 10 months, best offer in Canada

If you’re still struggling to pay off some of that high-interest Christmas shopping debt, the best balance transfer offer in Canada is here to save the day (and your credit score!)

The MBNA True Line Mastercard is offering a 0% balance transfer promo rate for 10 months.

And unlike many balance transfer offers out there, once the promotional period is over, you can still take advantage of a permanently low 12.99% purchase interest rate rather than have the interest shoot back up to 19.99% or more.

Get the full details here:

3,000 bonus AIR MILES miles + first year free

Right now, the BMO AIR MILES World Elite Mastercard is offering new applicants quite the treat.

You’ll pay a $0 annual fee for the first year, and get a sign-up bonus of 3,000 miles (enough for 2 short-haul flights)..

Even without a great welcome bonus, this card is still, by far, the best AIR MILES credit card in Canada. Here’s why:

  • 1 mile for every $10 spent on all purchases – the best AIR MILES earn rate of any card out there right now,
  • a 15% discount on AIR MILES flights within North America,
  • access to Mastercard Airport Experiences Provided by LoungeKey all over the world, as well as 2 annual passes, and
  • 24/7 Concierge Service.

Plus, it comes with 14 different types of purchase and travel insurance which is just the frosting on top.

And since it’s a Mastercard, you don’t need to worry about acceptance – as long as where you’re shopping takes credit cards. This makes it the best travel credit card for all those trips to Costco.

Read our detailed review right here:

Related: Top 3 BMO Rewards Credit Cards Head-to-Head

25,000 Aeroplan miles and the first year free

One of our top Aeroplan credit cards, the TD Aeroplan Visa Infinite*, has a truly outstanding deal right now to get you flying for free sooner..

As part of signing up, you’ll earn up to 25,000 Aeroplan miles – 15,000 after your first purchase, and another 10,000 after spending $2,000 in the first 3 months. That’s worth 1 round trip flight within Canada and the Continental U.S.

On top of that, you’ll earn miles on all of your day-to-day purchases:

  • 1.5 miles per $1 spent on gas, groceries, drugstores, and aircanada.com purchases, and
  • 1 mile per $1 spent on everything else.

And when you redeem your miles for flights, you’ll get great benefits on Air Canada operated flights like priority check-in and first free checked bag.

Add it all up, and you’ve got a card that will earn you tons of Aeroplan miles and make your rewards flights more enjoyable.

The cherry on top? The annual fee is waived for the first year.

Get the full details here:

No foreign exchange fees, 1% cash back, and no annual fee

Tired of paying those pesky foreign exchange fees? The Home Trust Preferred Visa has no annual fee and also waives all foreign transaction fees.

That means every time you pay in a foreign currency, you save yourself 2.5%. And, since this card earns 1% on all purchases, you’re looking at an earn rate of 3.5% on your foreign currency purchases.

Throw in complimentary roadside assistance, and you’ve got yourself a good no fee cash back card.

Get the full details here:

$100 bonus in travel rewards for no annual fee

Another MBNA Rewards card to grace our list, the MBNA Rewards Platinum Plus® Mastercard® is also getting a doubled welcome bonus for a limited time.

You’ll get 10,000 points instead of 5,000:

  • 5,000 after your first purchase and
  • 5,000 after signing up for e-statements.

Pretty sweet for a no fee card.

And what’s more, this card has no income requirements, making it available to more Canadians.

Get all the details here:

4% cash back on the categories you want

For a limited time, the Tangerine Money-Back Credit Card is offering you 4% cash back on the two categories you choose for 3 months after opening your account.

You can also choose a 3rd category when you have your Money-Back Rewards deposited into your Tangerine Savings account, and the other categories will earn you the standard 2% cash back.

The categories you can choose from are:

  • grocery,
  • recurring bill payments,
  • furniture,
  • drug store,
  • restaurants,
  • home improvement,
  • hotel/motel,
  • entertainment,
  • gas, and
  • public transit and parking.

On top of having no annual fee and earning 0.5% cash back on all other purchases, there’s also a low promotional balance transfer interest rate of 1.95% and a 1% balance transfer fee.

If you were thinking of switching to Tangerine, now might be the time to try it out, relatively risk free.

Up to $400 in travel rewards, first year free

For a large sign-up bonus you can use for any type of travel, the TD First Class Travel Visa Infinite* will let you scratch your travel itch.

You can earn a welcome bonus of up to 80,000 points:

  • 20,000 points after making your first purchase,
  • 40,000 points after spending $2,000 in the first 3 months, and
  • 20,000 points and keep your account open, active and in good standing for 12 months after account opening.

When redeemed at Expedia For TD, that’s a value of up to $400, as each point is worth 0.5 cents.

And you’ll also get a high earn rate on any purchase:

  • 9 points per $1 spent at Expedia For TD, and
  • 3 points per $1 spent everywhere else.

That’s a 4.5% return on your travel purchases, one of the best out there for travel. And you still get a return of 1.5% on all other purchases.

Throw in the first year free, and TD is giving you every reason to take this card for a test drive.

For lots of points you can earn on any travel purchase, TD has a great candidate for you.

Get the full details here: