1.Scotiabank Passport Visa Infinite + Card
Scotiabank
- 3%Cash back on eligible travel purchases
- 1%Cash back on all other purchases
Earn up to 60,000 bonus Scene+ points.
Earn Scene+ points with no foreign transaction fees.
The Scotiabank Passport Visa Infinite + Card stands out as the top choice because it offers exceptional travel rewards with no foreign transaction fees, making it ideal for frequent travelers. Its flexible redemption options and substantial welcome bonus further enhance its appeal.
Pros:
- No foreign transaction fees
- Flexible redemption options
Cons:
- High annual fee
- Requires good credit
2.TD Aeroplan Visa Infinite Privilege Card
TD Canada Trust
- 3Aeroplan points for every $1 spent on eligible travel purchases
- 1.5Aeroplan points for every $1 spent on other purchases
Earn up to 45,000 Aeroplan points.
Earn Aeroplan points on eligible purchases.
What sets the TD Aeroplan Visa Infinite Privilege Card apart is its elite travel benefits, including accelerated Aeroplan point earnings and access to airport lounges. This card is particularly appealing for frequent Air Canada flyers looking to maximize their travel rewards.
Pros:
- Extensive travel perks
- High Aeroplan point earnings
Cons:
- High annual fee
- Requires significant spending to maximize rewards
- 4%Cash back on groceries and gas
- 2%Cash back on dining, transportation, and recurring payments
- 1%Cash back on all other eligible purchases
Includes a first-year annual fee rebate.
Earn cash back on everyday purchases.
The CIBC Dividend Visa Infinite Card shines for its tiered cash back rewards structure, offering up to 4% back on groceries and gas. This card is particularly beneficial for households with higher spending on everyday essentials, making it a strong contender in the cash back category.
Pros:
- High cash back rates on essentials
- First-year fee rebate
Cons:
- Annual fee after the first year
- Requires good credit
4.Scotia Momentum Visa Infinite Card
Scotiabank
- 4%Cash back on groceries and recurring bills
- 2%Cash back on gas and transit
- 1%Cash back on all other purchases
Earn 15% cash back on all eligible purchases in the first 3 months.
Earn cash back on everyday purchases.
The Scotia Momentum Visa Infinite Card is a top choice for cash back enthusiasts, particularly due to its high earning potential on groceries and recurring bills. Its generous welcome bonus and straightforward cash back structure make it an attractive option for everyday spending.
Pros:
- High cash back on groceries
- Strong welcome bonus
Cons:
- Annual fee
- Limited to certain categories
- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
Includes a first-year annual fee waiver.
Earn cash back on everyday purchases.
The BMO CashBack World Elite Mastercard is designed for maximum cash back on everyday spending, particularly excelling in grocery rewards. Its tiered cash back structure and substantial welcome bonus make it a compelling choice for high spenders.
Pros:
- High cash back on groceries
- Flexible redemption options
Cons:
- High income requirement
- Annual fee after the first year
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 consider your options for credit cards this June, remember that the best choice aligns with your spending habits and lifestyle needs. Take time to compare different cards and their benefits to make an informed decision that will maximize your rewards and savings.
Frequently Asked Questions
The welcome bonus for the Scotiabank Passport Visa Infinite + Card is to earn up to 60,000 bonus Scene+ points.
With the TD Aeroplan Visa Infinite Privilege Card, you earn Aeroplan points on eligible purchases, specifically 3 Aeroplan points for every $1 spent on eligible travel purchases and 1.5 Aeroplan points for every $1 spent on other purchases.
The CIBC Dividend Visa Infinite Card offers 4% cash back on groceries and gas, 2% cash back on dining, transportation, and recurring payments, and 1% cash back on all other eligible purchases.
Yes, the Scotiabank Passport Visa Infinite + Card has an annual fee of CA$150. It's important to weigh this cost against the benefits and rewards you expect to earn.
When choosing a credit card, consider factors like annual fees, reward structures, interest rates, and any additional perks such as travel insurance or cash back on specific purchases. Evaluate your spending habits to find a card that aligns with your financial goals.
Travel rewards credit cards offer various benefits, including the ability to earn points or miles on travel-related purchases, no foreign transaction fees, and perks like travel insurance or airport lounge access. These benefits can significantly enhance your travel experiences.
To maximize your credit card rewards, focus on using your card for purchases that earn the highest reward rates, pay your balance in full each month to avoid interest charges, and take advantage of any promotional offers or bonuses. Additionally, consider consolidating your spending onto one or two cards to reach rewards thresholds faster.
