Best Credit Cards in Canada This September 2025
Choosing the right credit card can significantly impact your financial well-being and rewards potential. With numerous options available to Canadians this September, from cash back rewards to travel rewards and low interest rates, it's crucial to understand which cards align best with your spending habits and lifestyle needs.
Jump to
Summary Table for Best Credit Cards in Canada This September 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
MBNA Rewards World Elite Mastercard Cash Back |
$120 | 30,000 points | Cash Back | Apply |
|
Tangerine Money-Back Credit Card Cash Back |
$0 | 10% cash back for 2 months (up to $100) | Cash Back | Apply |
|
Scotiabank Momentum Visa Infinite Card Cash Back |
$120 (first year waived) | 10% cash back for first 3 months (up to $2,000 spend) | Cash Back | Apply |
|
TD Aeroplan Visa Infinite Card Travel Rewards |
$139 | 45,000 Aeroplan points total | Travel Rewards | Apply |
|
American Express Cobalt Card Travel Rewards |
$155.88 ($12.99/month for non-Quebec, $150/year for Quebec) | Up to 15,000 points ($750 monthly spend requirement) | Travel Rewards | Apply |
1. MBNA Rewards World Elite Mastercard
The MBNA Rewards World Elite Mastercard offers premium earning rates on everyday purchases with up to 5 points per dollar in select categories, along with a generous welcome bonus of 30,000 points and comprehensive insurance coverage.
MBNA Rewards World Elite Mastercard
- Up to 30,000 bonus points welcome offer
- Comprehensive travel insurance coverage
- Points can be redeemed for cash back, travel, or gift cards
- Additional card fee of $50 for authorized users
Pros
- High earn rate in popular spending categories
- Flexible redemption options
- Strong welcome bonus
- Comprehensive insurance package
Cons
- $120 annual fee
- High minimum income requirement
- Additional card fee for authorized users
- Spending caps on bonus categories
Why is it Our Top Pick?
This mbna rewards world elite mastercard offers excellent value and competitive features that make it stand out in the Canadian market.
2. Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card stands out with its customizable rewards program offering 2% cash back in up to three categories of your choice, with no annual fee and an attractive welcome bonus.
Tangerine Money-Back Credit Card
- No annual fee
- Choose up to 3 categories for 2% cash back
- Automatic monthly rewards deposits
- Third 2% category when depositing to Tangerine Savings
Pros
- No annual fee
- Customizable reward categories
- Automatic monthly rewards
- Welcome bonus of 10% cash back
Cons
- Lower base earn rate (0.50%)
- Higher interest rates
- Limited insurance coverage
- Must choose categories in advance
3. Scotiabank Momentum Visa Infinite Card
The Scotiabank Momentum Visa Infinite Card is a premium cash back card offering high earning rates on everyday spending categories, with an impressive 4% return on groceries and recurring bills, making it an excellent choice for families and regular household spenders.
Scotiabank Momentum Visa Infinite Card
- Comprehensive insurance coverage
- Visa Infinite benefits and privileges
- 24/7 customer support
- Car rental discounts
Pros
- Strong cash back rates on everyday categories
- First-year annual fee waiver
- Comprehensive insurance package
- No limit on total cash back earned
Cons
- High minimum income requirement ($60,000 personal or $100,000 household)
- High annual fee after first year
- High interest rates on purchases and cash advances
4. TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card is a premium travel rewards card that offers extensive Air Canada benefits and accelerated Aeroplan points earning, making it an ideal choice for frequent Air Canada travelers looking to maximize their travel rewards.
TD Aeroplan Visa Infinite Card
- Free first checked bag on Air Canada flights
- NEXUS fee rebate
- Comprehensive travel insurance
- Visa Infinite benefits
Pros
- Generous welcome bonus structure
- Strong Air Canada travel benefits
- Comprehensive insurance package
- NEXUS fee rebate
Cons
- High annual fee
- Additional cardholder fee of $75
- High minimum income requirement
- Points value dependent on Air Canada availability
5. American Express Cobalt Card
The American Express Cobalt Card is one of Canada's most rewarding credit cards, offering an impressive 5x points multiplier on food and dining purchases while delivering flexible redemption options through the Membership Rewards program.
American Express Cobalt Card
- Monthly welcome bonus structure offering flexibility
- No minimum income requirement
- Additional point on Amex Travel Online bookings
- Comprehensive travel and purchase protection benefits
Pros
- High earn rate on food and dining purchases
- No minimum income requirement
- Flexible points redemption options
- Strong welcome bonus potential
Cons
- Higher annual fee compared to similar cards
- Monthly fee structure (except Quebec)
- Limited merchant acceptance compared to Visa/Mastercard
- Monthly cap on 5x points category
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.
Frequently Asked Questions: Best Credit Cards in Canada This September 2025
What are the best travel rewards credit cards in Canada September 2025?
The TD Aeroplan Visa Infinite Card and American Express Cobalt Card offer the highest travel point multipliers at 5x points on travel purchases.
Which credit card has the lowest annual fee in Canada 2025?
The Tangerine Money-Back Credit Card has $0 annual fee while offering up to 2% cashback in three spending categories.
What credit score do I need for top tier Canadian credit cards in 2025?
Most premium cards like the MBNA Rewards World Elite Mastercard require a minimum credit score of 725 and minimum annual income of $80,000.
Which cash back credit card gives the highest rewards in Canada September 2025?
The Scotiabank Momentum Visa Infinite offers the highest flat-rate cashback at 4% on grocery and recurring bills, 2% on gas/transit, and 1% on everything else.
