Best Credit Cards in Canada This November 2025
Canadian consumers face a rapidly evolving credit card landscape with unprecedented opportunities for maximizing financial benefits. According to Clearly Payments, over 72% of Canadians now use multiple credit cards to optimize rewards and cashback. With an array of compelling cash back rewards available, savvy consumers can strategically select cards that align with their spending habits and financial goals. This guide will help you navigate the top credit card offerings, highlighting the most lucrative and consumer-friendly options for November 2025.
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Summary Table for Best Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
American Express Cobalt® Card Travel Rewards |
$155.88 ($12.99/month) | 15,000 Membership Rewards® points | Travel Rewards | Apply |
|
Scotiabank Gold American Express® Card Travel Rewards |
$120 (first year waived) | 50,000 Scene+ points (up to $1,050 value) | Travel Rewards | Apply |
|
SimplyCash® Preferred Card from American Express Cash Back |
$119.88 (varies by province) | 10% cash back for first 3 months (up to $200) | Cash Back | Apply |
|
BMO Eclipse Visa Infinite* Card Travel Rewards |
$120 (first year waived) | Up to 70,000 bonus points | Travel Rewards | Apply |
|
CIBC Aventura® Visa Infinite* Card Travel Rewards |
$139 | 45,000 Aventura Points (up to $900 in travel value) | Travel Rewards | Apply |
|
Tangerine World Mastercard® Cash Back |
$0 | 10% cash back on purchases (up to $100) in first 2 months | Cash Back | Apply |
|
TD® Aeroplan® Visa Infinite* Card Travel Rewards |
$139 | 45,000 Aeroplan points | Travel Rewards | Apply |
|
Scotiabank Momentum® VISA Infinite* Card Cash Back |
$120 | 10% cash back for first 3 months (up to $2,000) | Cash Back | Apply |
|
MBNA Rewards World Elite® Mastercard® Cash Back |
$120 | 30,000 bonus points | Cash Back | Apply |
|
President's Choice Financial® World Elite Mastercard® Premium Rewards |
$120 (first year waived) | 20,000 PC Optimum points | Premium Rewards | Apply |
1. American Express Cobalt® Card
The American Express Cobalt® Card is a premium rewards credit card designed for food and lifestyle enthusiasts, offering exceptional points earning potential on dining, groceries, and streaming services with a flexible monthly fee structure.
American Express Cobalt® Card
- Earn up to 15,000 Membership Rewards® points in first year
- No foreign transaction fees
- Flexible monthly billing option
- Mobile app with real-time transaction tracking
Pros
- High earning rate on dining and food delivery
- Flexible monthly fee structure
- Comprehensive rewards program
- No foreign transaction fees
Cons
- Monthly fee may be less appealing to some
- Requires consistent monthly spending to maximize welcome bonus
- Higher interest rates compared to some competitors
Why is it Our Top Pick?
The Amex Cobalt Card stands out with its exceptional 5x points earning on food and drinks, making it the ultimate card for dining enthusiasts and those who frequently order in. Its flexible monthly fee and generous welcome bonus provide significant value for cardholders who enjoy dining, streaming, and urban transit.
2. Scotiabank Gold American Express® Card
The Scotiabank Gold American Express® Card offers a robust rewards program with Scene+ points, providing exceptional value for grocery shoppers, diners, and entertainment enthusiasts with a competitive welcome offer and versatile earning potential.
Scotiabank Gold American Express® Card
- No foreign transaction fees
- Scene+ rewards program membership
- First-year annual fee waived
- Comprehensive travel insurance
Pros
- Generous grocery store rewards
- No foreign transaction fees
- Comprehensive welcome bonus
- Flexible Scene+ points redemption
Cons
- Higher annual fee after first year
- Specific earning categories may not suit all consumers
- Requires consistent spending to maximize benefits
3. SimplyCash® Preferred Card from American Express
The SimplyCash® Preferred Card from American Express is a top-tier cash back credit card offering exceptional rewards with a simple, straightforward earning structure. With its impressive 10% cash back welcome bonus and ongoing 2-4% cash back on key spending categories, this card provides significant value for Canadian consumers.
- No income requirements
- Additional cards at no annual fee
- Flexible cash back earning structure
- Easy redemption of cash back rewards
Pros
- Generous welcome bonus
- No restrictive spending categories
- No limit on total cash back earnings
- Reasonable annual fee
Cons
- Annual fee required
- Cash back on groceries capped annually
- Limited to Canadian purchases for top rates
- Higher interest rates compared to some competitors
4. BMO Eclipse Visa Infinite* Card
The BMO Eclipse Visa Infinite* Card offers an exceptional rewards program with robust earning potential across multiple spending categories, making it an attractive option for Canadian consumers seeking comprehensive travel and lifestyle benefits. With its generous welcome bonus and flexible point-earning structure, this card provides significant value for active cardholders.
BMO Eclipse Visa Infinite* Card
- Airport lounge access
- Mobile device insurance
- Purchase protection
- Car rental insurance
Pros
- Comprehensive rewards program
- No annual fee in first year
- Multiple insurance protections
- Flexible point redemption
Cons
- Requires minimum income qualification
- Higher interest rates
- Points have limited redemption options
- Annual fee after first year
5. CIBC Aventura® Visa Infinite* Card
The CIBC Aventura® Visa Infinite* Card is a premium travel rewards credit card offering exceptional value for travelers, with a generous welcome bonus of up to 45,000 Aventura Points and flexible reward earning potential across multiple spending categories.
CIBC Aventura® Visa Infinite* Card
- 4 complimentary airport lounge visits
- NEXUS fee rebate
- Travel insurance coverage
- No foreign transaction fees
Pros
- Comprehensive travel insurance
- No annual fee in first year
- Multiple ways to redeem rewards
- Travel-friendly benefits
Cons
- Higher annual fee after first year
- Rewards best for frequent travelers
- Limited bonus categories compared to some competitors
6. Tangerine World Mastercard®
The Tangerine World Mastercard offers a unique cash back rewards program with no annual fee, allowing cardholders to customize their earning categories and maximize savings on everyday purchases.
Tangerine World Mastercard®
- No annual fee
- Customize cash back categories
- World Mastercard benefits
- Mobile app integration
Pros
- No annual fee
- Customizable rewards
- Easy to understand cash back structure
- No minimum spending requirements
Cons
- Lower cash back rate on non-selected categories
- Requires Tangerine banking relationship for best benefits
- Limited travel insurance compared to premium cards
7. TD® Aeroplan® Visa Infinite* Card
The TD® Aeroplan® Visa Infinite* Card is a premier travel rewards credit card that offers exceptional value for Air Canada travelers, providing robust Aeroplan point earning potential and unique travel benefits like free checked bags and bonus point multipliers.
TD® Aeroplan® Visa Infinite* Card
- Free first checked bag on Air Canada flights
- NEXUS application fee rebate
- Travel insurance coverage
- No foreign transaction fees
Pros
- Competitive Aeroplan point earning rates
- Valuable Air Canada travel benefits
- First year annual fee often waived
- Comprehensive travel insurance
Cons
- Requires $60K individual or $100K household income
- Higher annual fee compared to entry-level cards
- Point value depends on Air Canada redemption
8. Scotiabank Momentum® VISA Infinite* Card
The Scotiabank Momentum® VISA Infinite* Card delivers an attractive cash back rewards program with high earn rates on everyday spending, featuring an impressive introductory offer and comprehensive financial benefits for active consumers.
Scotiabank Momentum® VISA Infinite* Card
- No foreign transaction fees
- Comprehensive travel insurance
- Airport lounge access
- Balance transfer options
Pros
- High cash back rates on essential spending
- First year annual fee waived
- Flexible rewards structure
- Additional travel benefits
Cons
- Requires $60K individual or $100K household income
- Standard cash back after introductory period
- Higher annual fee compared to no-fee cards
9. MBNA Rewards World Elite® Mastercard®
The MBNA Rewards World Elite® Mastercard® is a premium Canadian travel rewards credit card designed for high-income earners seeking exceptional point earnings and comprehensive travel benefits. With its impressive 5x points on multiple spending categories and robust insurance package, it offers significant value for frequent travelers and everyday spenders.
MBNA Rewards World Elite® Mastercard®
- Airport lounge access through Mastercard Travel Pass
- Comprehensive travel medical insurance
- Mobile device insurance
- Birthday bonus points
Pros
- High earning potential in multiple categories
- Comprehensive travel insurance
- Flexible rewards redemption
- Premium travel benefits
Cons
- High income requirement ($80,000 individual/$150,000 household)
- $120 annual fee
- Limited to Canadian residents
10. President's Choice Financial® World Elite Mastercard®
The President's Choice Financial® World Elite Mastercard® offers an exceptional rewards program with no annual fee, providing cardholders with generous PC Optimum points earning potential across multiple spending categories. Its unique value lies in high point multipliers at PC-affiliated stores and comprehensive benefits without the typical premium card cost.
President's Choice Financial® World Elite Mastercard®
- Out-of-province medical insurance
- Concierge service
- Car rental damage insurance
- No annual fee first year
Pros
- No annual fee
- High point-earning rates
- Valuable welcome bonus
- Premium benefits
Cons
- High interest rates
- Limited rewards outside PC ecosystem
- Requires frequent shopping at PC stores
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Credit Cards in Canada This November 2025
What are the top credit cards with the best rewards in Canada this November 2025?
The American Express Cobalt® Card offers the most competitive rewards program with 5x points on dining and grocery spending in 2025.
Which credit card has the lowest annual fees for travel rewards in Canada?
The SimplyCash® Preferred Card from American Express provides excellent cash back with a competitive annual fee of $129 for high-spending Canadians.
How do I choose the best credit card for travel points in Canada this November 2025?
The CIBC Aventura® Visa Infinite* Card offers the most comprehensive travel rewards package with flexible point redemption and comprehensive travel insurance.
Which credit card gives the highest cash back on everyday purchases in Canada?
The Scotiabank Gold American Express® Card provides up to 4% cash back on groceries, dining, and entertainment purchases in 2025.
What are the key requirements for getting a premium credit card in Canada?
The BMO Eclipse Visa Infinite* Card requires a minimum annual income of $60,000 and a credit score of 680 or higher for approval in November 2025.