1.Scotiabank Gold American Express® Card
Scotiabank
- 5%Scene+ points on groceries & dining
- 3%Scene+ points on gas & transit
- 1%Scene+ points on all other purchases
Earn up to $950 in welcome offers, first year rewards and savings value, including up to 50,000 bonus Scene+ points.
Earn 5x Scene+ points on groceries & dining, 3x on gas & transit, 1x elsewhere.
21.99%
22.99%
The Scotiabank Gold American Express® Card stands out as the top choice because it offers exceptional rewards on everyday spending categories like groceries and dining, making it ideal for those who frequently shop in these areas.
Pros:
- High rewards on groceries and dining
- No foreign transaction fees
Cons:
- Annual fee applies
- Limited to Scene+ points
2.American Express Cobalt Card
American Express
- 5%Membership Rewards points on eats and drinks
- 1%Membership Rewards points on all other purchases
Earn up to 100,000 points with a generous Welcome Bonus that will cover the Fees for the Card.
Earn up to 5x Membership Rewards points on eligible everyday spending categories.
21.99%
21.99%
What sets the American Express Cobalt Card apart is its exceptional earning potential on everyday purchases, particularly in the dining category, making it a favorite among food lovers and frequent diners.
Pros:
- High earn rates on dining and groceries
- Flexible redemption options
Cons:
- High annual fee
- Requires good credit
3.Scotiabank Passport Visa Infinite Card
Scotiabank
- 2%Scene+ points on groceries, dining, entertainment
- 1%Scene+ points on all other purchases
Earn up to 35,000 bonus Scene+ points, part of an overall first-year value of up to $1,250 in welcome offers, rewards, and savings.
Earn 2x Scene+ points on groceries, dining, entertainment, and 1x on all other purchases.
20.99%
22.99%
The standout feature here is the Scotiabank Passport Visa Infinite Card's ability to earn double points on essential spending categories, making it a strong contender for those who travel frequently and want to maximize their rewards.
Pros:
- No foreign transaction fees
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Limited to Scene+ points
4.TD Aeroplan Visa Infinite Card
TD Canada Trust
- 2%Money-Back Rewards on two categories of your choice
- 0.5%Money-Back Rewards on all other purchases
Earn up to 50,000 Aeroplan points and have the first year annual fee rebated on the primary as well as the first additional card.
Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
21.99%
22.99%
This card shines for its robust Aeroplan points earning structure, making it an excellent choice for frequent travelers who want to maximize their rewards on Air Canada flights.
Pros:
- First-year annual fee rebate
- High Aeroplan points earning potential
Cons:
- Annual fee applies
- Requires good credit
5.Simplii Financial Cash Back Visa Card
Simplii Financial
- 4%Cash back on dining & restaurants
- 1.5%Cash back on gas & fuel
- 1.5%Cash back on groceries
New approved cardholders can earn up to $100 in total cash back during their first three months.
Earn 4% on dining & restaurants, 1.50% on gas & fuel, 1.50% on groceries.
20.99%
22.99%
The Simplii Financial Cash Back Visa Card is a standout option for those looking for a no-fee card that offers high cash back rates on dining, making it a great choice for food enthusiasts.
Pros:
- No annual fee
- High cash back on dining
Cons:
- Limited categories for high cash back
- Cash back caps may apply
- 4%Cash back on groceries and gas/electric vehicle charging
- 2%Cash back on transportation, dining, and recurring bills
- 1%Cash back on all other purchases
The CIBC Dividend Visa Infinite Card offers a welcome bonus valued at up to $350 in value, including a first-year annual fee rebate.
Earn 4% back on groceries and gas/electric vehicle charging, 2% back on transportation, dining, and recurring bills, and 1% back on all other purchases.
21.99%
22.99%
The CIBC Dividend Visa Infinite Card is well-suited for high-income individuals looking for significant cash back rewards, particularly on everyday spending categories.
Pros:
- High cash back on groceries
- Flexible cash back categories
Cons:
- Annual fee applies
- Requires good credit
7.Scotia Momentum Visa Infinite Card
Scotiabank
- 4%Cash back on groceries and recurring bills
- 2%Cash back on gas and daily transit
- 1%Cash back on all other purchases
The Scotia Momentum Visa Infinite + Card offers new cardholders 15% cash back on all purchases for the first 3 months, up to $2,000 in total purchases.
Earn 4% cash back on groceries and recurring bills, 2% on gas and daily transit, and 1% on everything else.
20.99%
22.99%
The Scotia Momentum Visa Infinite Card excels with its high cash back rates on essential spending categories, making it a great choice for those who want to maximize their rewards on everyday purchases.
Pros:
- High cash back on groceries
- Flexible cash back categories
Cons:
- Annual fee applies
- Requires good credit
8.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in up to three categories of your choice
- 0.5%Cash back on all other eligible purchases
The Tangerine Money-Back Credit Card offers an extra 10% cash back bonus on up to $1,000 in purchases within your first 2 months, for a maximum total bonus of $100.
Earn unlimited 2% cash back in up to three categories with no annual fee.
20.95%
22.95%
The Tangerine Money-Back Credit Card is a flexible no-annual-fee option that allows cardholders to earn 2% cash back in categories of their choice, making it a versatile choice for those looking to maximize their rewards.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back on non-selected categories
- Limited to three categories
Did you know?
Before you pick from this list, decide your priority: lowest interest rates, fewer fees, or maximum cash back. Check your credit score before applying so you target cards you are likely to qualify for.
Final Words
As you navigate the best credit card options this October, remember that understanding your spending habits and needs is crucial. Take time to compare the various cards available to ensure you choose one that aligns with your financial goals and maximizes your rewards.
Frequently Asked Questions
The Scotiabank Gold American Express® Card offers a welcome bonus of up to $950 in welcome offers, first year rewards and savings value, including up to 50,000 bonus Scene+ points.
With the American Express Cobalt Card, you can earn up to 5x Membership Rewards points on eligible everyday spending categories, making it a great choice for frequent diners and travelers.
The Scotiabank Passport Visa Infinite Card allows you to earn 2x Scene+ points on groceries, dining, entertainment, and 1x on all other purchases, providing excellent rewards for everyday spending.
The annual fee for the American Express Cobalt Card is CA$191.88. This fee is often offset by the generous rewards it offers.
To choose the best credit card, consider factors such as your spending habits, whether you prefer cash back or travel rewards, and the annual fees associated with each card. It's also helpful to compare welcome bonuses and ongoing rewards rates.
One of the benefits of the Scotiabank Gold American Express® Card is that it does not charge foreign transaction fees, making it a great choice for travelers.
With the Scotiabank Passport Visa Infinite Card, you earn 2% Scene+ points on groceries, dining, and entertainment; 1% on all other purchases, maximizing your rewards on everyday spending.
Yes, many credit cards offer rewards on everyday purchases. Look for cards that provide bonus categories such as groceries, dining, and gas to maximize your earning potential.
