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It’s July and summer is here. And although it may not be a typical summer for most people (thanks to COVID-19), thankfully, for most of us, the restrictions are easing, and a new way of normal is presenting itself.

And though our travelling world is still on pause, that doesn’t mean we can’t enjoy our own country, and enjoy what’s around where we live. And if we’re lucky, we may still get to see NHL and NBA playoffs this summer, and watch the Raptors defend their NBA title.

So with this in mind, if your wallet needs some shaking up, here are some top credit card deals to consider. You can earn loads of cash back, get flexible reward points, or save on credit card interest rates. The choice is yours.

Credit Card Credit Card Offer Annual Fee Income Requirements Apply Now
BMO® CashBack® World Elite®* Mastercard®* * 10% cash back on all purchases for the first 3 months, up to $2,000 spent (terms)
* Offer ends October 31, 2020
$120, first year free $80K personal/$150K household Apply Now
Brim World Elite Mastercard * Up to $500 worth of points (terms) $199, first year free $80K personal/$150K household Apply Now
BMO® World Elite™* Mastercard®* * 35,000 bonus points (terms)
* Offer ends October 31, 2020
$150, first year free $80K personal/$150K household Apply Now
Brim Mastercard * Up to $200 worth of points (terms) $0 $15K personal Apply Now
MBNA True Line® Mastercard® * 0% interest for 10 months – best balance transfer offer in Canada (terms) $0 None Apply Now
MBNA Rewards Platinum Plus® Mastercard® * Up to 10,000 welcome bonus points
* 4 points per $1 on gas, groceries, and restaurants in the first 3 months, up to $5,000 spent per category (terms)
$0 None Apply Now
American Express Cobalt * Up to 30,000 welcome bonus points (terms)
* Best credit card in Canada
$120, charged out as $10 per month None Apply Now
HSBC +Rewards Mastercard® * 10,000 bonus points (terms)
* Offer ends August 17, 2020
$25, annual fee rebate for the first year None Apply Now
National Bank World Elite Mastercard * $300 cash back (terms)
* Offer ends August 31, 2020
$150 $80K personal/$150K household Apply Now
BMO® CashBack® Mastercard®* * 5% cash back for 3 months, up to $2,500 spent (terms)
* Offer ends October 31, 2020
$0 $15K personal Apply Now
National Bank ECHO Cashback Mastercard * $100 cash back (terms)
* Offer ends August 31, 2020
$30 None Apply Now
TD Cash Back Visa Infinite** * 10% cash back on all purchases for the first 3 months, up to $2,000 spent (terms)
* Offer ends September 8, 2020
$120, annual fee rebate for the first year free $60K personal/$100K household Apply Now

10% cash back for the first 3 months and the first year free

Premium high flat rate cash back credit cards that are also accepted at Costco are hard to come by, and that describes the precisely.

To start, you’ll earn 10% cash back on every purchase for the first 3 months, up to $2,000 spent.

After that, a straightforward 1.5% earn rate on everything awaits you. No caps or categories to think about.

And it comes with some premium perks as well:

To top it off, the first year is currently free as well.

When you get your cash back: Any time you want, as long as you have $1 accumulated.

Earn up to 2% cash back on every purchase and pay no foreign exchange fees

Shop online frequently? Want to earn a high flat rate on all purchases? The is a credit card that offers both of these, and a whole lot more.

For rewards on all your purchases, you’ll earn a flat 2 points per $1 spent on the first $25,000 in annual spend (1 point per $1 afterwards). With a Brim Rewards points worth 1 cent each, it’s a return of up to 2% on every purchase. And since you can use your points towards any purchase you make with the card, your rewards are basically cash back.

And there’s more. Shop with any of Brim’s 150+ retail partners, and you can earn up to 40% back on your purchases.

But that’s not all. It also has no foreign exchange fees, saving you 2.5% on your purchases not made in Canadian dollars, and a stunning 15 types of insurance, more than any other credit card.

And you can earn up to $500 in first time bonuses when you shop with Brim’s partners.

It’s all for an annual fee of $199, that’s currently waived for the first year.

When you get your cash back: Apply your cash back as a statement credit or towards a purchase anytime you like.

35,000 bonus points, 4 complimentary lounge passes, and first year free

The doesn’t disappoint with its 35,000 bonus points – worth about $249 – and the first year is free. That’s another $150 to get you ahead.

On top of that, you’ll earn 2 BMO Reward points for every $1 spent, which gets increased to 3 points per $1 on dining, entertainment, and travel.

And by having this card in your wallet, not only will you get free lounge membership to the Mastercard Airport Experiences Lounges, but you’ll also have access to 4 annual complimentary passes – more than any other card.

Visits are normally US $32 per person, per visit. That’s a savings of over $170 when converted to CAD.

Where this card truly shines though is insurance. Out of the 17 different types of coverage available through Canadian credit cards, this one gives you 14. “Peace of mind” is this card’s middle name.

Earn bonus rewards for online shopping and pay no foreign exchange fees

For the frequent online shopper, the is worth considering.

On all your purchases, you’ll earn 1 point per $1 spent – which can be directly converted to statement credits (so it’s essentially 1% cash back).

Plus when you shop online, you’ll get access to Brim Rewards, where you’ll be able to earn bonus rewards at over 100 online retailers – up to 40% more, depending on the retailer (just note that if you earn bonus rewards you forgo the regular earn rate).

Plus, the card has no foreign transaction fees and 5 types of insurance coverage.

When you get your cash back: Apply your cash back as a statement credit or towards a purchase anytime you like.

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

If you have some sticky debt hanging around and a good credit score, the best balance transfer offer in Canada could be your ticket to big savings.

The is offering a 0% balance transfer promo rate for 10 months. That’s the lowest rate and longest period of any card on the market rate now.

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.

One thing to be aware of is the 3% fee you’ll be charged when doing the transfer, but that will easily pay for itself if you’re using this to pay off high interest debt.

10,000 bonus points, 2x the points in the first 3 months, and no annual fee

One of our top no fee credit cards, the , is offering a great sign-up bonus.

You can earn up to 10,000 bonus points:

  • 5,000 after you spend at least $500 in the first 3 months, and
  • 5,000 after signing up for e-statements.

And you’ll also earn 4 points per $1 spent on gas, groceries, and restaurant purchases in the first 3 months.

On top of that, you’ll earn MBNA Reward points at these great regular rates:

  • 2 points per $1 on gas, groceries, and restaurants (up to $5,000 spent annually in each category), and
  • 1 point per $1 on all other purchases.

Pretty sweet for a no fee card.

You’ll be able to use your MBNA Rewards for a host of redemptions, including travel, merchandise, gift cards, and statement credits.

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

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

The , is our #1 ranked credit card in Canada.

Why? Not only can you earn tons of points, but each one is also super valuable.

With the welcome bonus, you’ll earn 2,500 bonus points every month you spend $500 in the first year. That’s a total of 30,000 points.

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.

And it’s all for a super manageable $10 monthly fee, instead of a one-time annual fee of $120.

But, what are your points worth?

American Express Membership Rewards can be redeemed for travel and to get the best value, you can use the Fixed Points Travel Program for flight bookings. A point is worth up to 1.75 cents each this way.

The next most valuable option is transferring your points to Marriott Bonvoy. Amex points transfer at a ratio of 5:6, effectively giving you a 20% bonus. With a Bonvoy point worth 0.97 cents each when redeemed for hotel stays, an Amex point is worth 1.16 cents each when transferred over.

Finally, you can also redeem points for any travel booking you can find, from any provider. Each point is worth 1 cent when redeemed this way.

All these different options make for a truly great credit card.

Earn rewards and get low interest rates

Looking for that elusive combination of rewards and low interest rates? The is a rare card that offers both.

For rewards, you’ll earn a welcome bonus of 10,000 points after spending $2,000 in the first 6 months.

And on your purchases you’ll get:

  • 2 points per $1 on restaurants and entertainment, and
  • 1 point per $1 on all other purchases.

On the interest side of things, you’ll see a low permanent interest rate of 11.9% on purchases, cash advances, and balance transfers.

Only 4 credit cards that we track in Canada offer both rewards and low interest rates. This is one of the best of them considering the low $25 annual fee, which is also rebated for the first year.

$300 cash back, get flexible rewards, and receive a $250 annual travel credit

If you want a card that gives you a different way of saving money while travelling, the , fits the bill.

It’s currently offering a top notch sign-up bonus. Until August 31, you can earn $300 cash back when you spend $6,500 in the first 4 months.

On top of that, you still earn great travel rewards. It has an earn rate of 1.5 points per $1 spent on the first $40,000 in annual spend. Then, for your next $40,000 worth of purchases, you’ll earn 2 points per $1.

When redeemed through National Bank A La Carte Rewards, each point is worth 1 cent, giving you a 1.5% to 2% return.

But, where the card really stands out is with its annual Savvy Traveller Reimbursements.

What can you get reimbursed?

  • $100 for airport parking,
  • $100 for checked baggage, and
  • $50 for seat selection.

Say goodbye to some of those pesky fees no one likes paying for.

Plus, it comes with great insurance coverage, including triple extended warranty (up to 2 years), and 15 days of emergency medical coverage for people over 65.

Add that all up, and National Bank has a great offer for your travel needs.

If you don’t meet the income requirements, these 2 National Bank cards are also offering the same $300 cash back bonus offer:

5% cash back on all purchases for first 3 months and no annual fee

Want some cash back rewards, but want to skip on the annual fee? The has just been revamped, providing the same great welcome bonus, and a new earnings structure.

The welcome bonus is great for a no fee card. You’ll earn 5% cash back on all purchases for the first 3 months, until you’ve earned $100 cash back.

The rewards structure has also been revamped. It used to earn 1% cash back on everything, but now earns:

  • 3% cash back on groceries (up to $500 per month in spend),
  • 1% cash back on recurring bill payments (up to $500 per month in spend), and
  • 0.5% on all other purchases.

No other no fee cash back card is offering 3% on grocery purchases.

And if that 0.5% earn rate on all other purchases bums you out, simply pair it with another top no fee cash back card to boost that earn rate.

And, with this card, you can now redeem your cash back whenever you want, with no minimum redemption requirement.

If you’re a student, there’s an identical version of this card just for you.

When you get your cash back: Anytime you want, with a minimum redemption of $1.

Earn a $100 cash back bonus and up to 1.5% on all purchases

Want to earn a great cash back bonus, while also earning up to 1.5% cash back on all your purchases? The is running a great deal right now.

As part of signing up, you can earn a $100 cash back bonus when you spend $2,500 in the first 4 months. It’s a limited time offer, and ends August 31, 2020.

And that’s on top of the rewards you’ll earn on your purchases:

  • 1.5% cash back on online purchases, gas, and groceries, and
  • 1% cash back on all other purchases.

It’s the only cash back card that offers a special bonus to all online shopping (excluding online travel purchases).

And it’s for a low annual fee of $30.

When you get your cash back: Anytime you like, as long as you have $10 accumulated.

Like the welcome bonus but not sure if you want this card? National Bank is offering the same cash back promotion with these other credit cards:

10% cash back and an annual fee rebate for the first year

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

The is offering 10% cash back on absolutely all your purchases in the first 3 months, up to $2,000 in spend. That’s a potential $200 in rewards.

Plus, you don’t have to dish any of it out on an annual fee, because it’s rebated for the first year.

After your welcome bonus has been used up, 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? Complimentary roadside assistance. And while you may not be driving much right now, it’s one less thing you’ll have to pay if something happens to your car.

When you get your cash back: Anytime you like, as long as you have $25 accumulated.

We want to hear from you

What deal will you take advantage of this month?

Is there one we haven’t mentioned?

Let us know in the comments below.