Best Reward Credit Cards in Canada This November 2025
Canadian travelers are experiencing a credit card rewards renaissance, with strategic options expanding rapidly. According to University of British Columbia Research, 62% of Canadians now prioritize credit cards offering robust travel and cashback benefits. This surge reflects a growing consumer desire to maximize financial flexibility and unlock meaningful rewards. For those seeking top-tier credit card alternatives, understanding the current landscape is crucial to making informed financial decisions.
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Summary Table for Best Reward Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
American Express Cobalt Card Travel Rewards |
$155.88 (non-Quebec residents) | Up to 15,000 Membership Rewards points | Travel Rewards | Apply |
|
Scotiabank Passport Visa Infinite Card Travel Rewards |
$150 | Up to 45,000 Scene+ points | Travel Rewards | Apply |
|
Tangerine Money-Back Credit Card Cash Back |
$0 | 10% cash back for first 2 months (up to $100) | Cash Back | Apply |
|
American Express The Platinum Card Travel Rewards |
$799 | 100,000 Membership Rewards points | Travel Rewards | Apply |
|
CIBC Dividend Visa Infinite Card Cash Back |
$120 (first year waived) | 10% cash back for first 4 months (up to $300) | Cash Back | Apply |
|
PC World Elite Mastercard Premium Rewards |
$0 (first year) | 300,000 PC Optimum points | Premium Rewards | Apply |
|
TD Aeroplan Visa Infinite Card Travel Rewards |
$139 | 45,000 Aeroplan points | Travel Rewards | Apply |
|
BMO Air Miles World Elite Mastercard Travel Rewards |
$120 | 9,000 AIR MILES | Travel Rewards | Apply |
|
Capital One Smart Rewards Credit Card Everyday Spending |
$0 | No welcome bonus | Everyday Spending | Apply |
1. American Express Cobalt Card
The American Express Cobalt Card is a premium rewards credit card designed for food and travel enthusiasts, offering exceptional point earning potential on dining, groceries, and streaming services. With its flexible rewards program and competitive earning rates, it stands out as a top choice for young professionals and foodies.
American Express Cobalt Card
- No foreign transaction fees
- Flexible Membership Rewards points redemption
- Monthly welcome bonus opportunity
- Access to Cobalt Perks and special events
Pros
- High earn rate on food and dining
- Flexible points redemption
- Monthly welcome bonus structure
- No foreign transaction fees
Cons
- Higher annual fee compared to some competitors
- Requires consistent monthly spending for full welcome bonus
- Limited travel insurance compared to some travel cards
Why is it Our Top Pick?
The Amex Cobalt Card offers an unparalleled rewards structure for food and lifestyle spending, with its 5x points on dining and groceries providing exceptional value. Its flexible point system and generous welcome bonus make it an outstanding choice for those who prioritize dining and entertainment expenses.
2. Scotiabank Passport Visa Infinite Card
The Scotiabank Passport Visa Infinite Card is a premier travel credit card that offers comprehensive travel benefits and rewards, including no foreign transaction fees and airport lounge access. It's an ideal choice for frequent travelers seeking enhanced travel experiences and flexible rewards.
Scotiabank Passport Visa Infinite Card
- No foreign transaction fees
- Airport lounge access
- Comprehensive travel insurance
- Scene+ rewards program
Pros
- No foreign transaction fees
- Comprehensive travel insurance
- Flexible Scene+ points redemption
- Airport lounge access
Cons
- Higher annual fee
- Requires significant annual spending for full benefits
- Rewards focused on travel and dining
3. Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card offers a flexible cash back rewards program with no annual fee, allowing cardholders to earn up to 2% cash back in customizable spending categories while enjoying a simple and straightforward rewards structure.
Tangerine Money-Back Credit Card
- No annual fee
- Customizable 2% cash back categories
- 0.5% cash back on all other purchases
- Digital wallet compatibility
Pros
- No annual fee
- Flexible reward categories
- Easy to understand cash back structure
- No complicated points system
Cons
- Limited to 2% cash back in only 3 categories
- Lower base cash back rate of 0.5%
- Requires Tangerine banking relationship for optimal rewards
4. American Express The Platinum Card
The American Express Platinum Card is a premium travel rewards card offering extensive travel benefits, comprehensive insurance, and elite status privileges for frequent travelers who value luxury and comprehensive travel perks.
American Express The Platinum Card
- Airport lounge access
- Hotel elite status
- Comprehensive travel insurance
- Membership Rewards points program
Pros
- Extensive travel benefits
- Premium airport lounge access
- Comprehensive travel insurance
- Flexible Membership Rewards points
Cons
- High annual fee of $799
- Requires full balance payment monthly
- Complex rewards structure
- Benefits may be underutilized by some cardholders
5. CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite Card offers a robust cash back rewards program with impressive earning potential across multiple spending categories. Designed for everyday spenders, this card provides generous cash back rates on essential purchases like gas, groceries, and dining.
CIBC Dividend Visa Infinite Card
- No annual fee in the first year
- Welcome bonus of up to $450 in value
- Exclusive Skip+ and Journie Rewards benefits
- Flexible cash back earning structure
Pros
- High cash back rates on essential categories
- First-year annual fee rebate
- Attractive welcome bonus
- No foreign transaction fees
Cons
- $120 annual fee after first year
- Requires minimum personal income of $60,000
- Cash advance rates are relatively high
- Limited travel insurance compared to some competitors
6. PC World Elite Mastercard
The PC World Elite Mastercard stands out as Canada's first no-annual-fee World Elite Mastercard, offering exceptional value for PC Optimum point collectors. With generous point-earning rates at Loblaws banner stores and Shoppers Drug Mart, this card is ideal for frequent grocery and pharmacy shoppers.
PC World Elite Mastercard
- No annual fee
- PC Express™ Pass complimentary
- World Elite Mastercard benefits
- High point-earning potential
Pros
- No annual fee
- Exceptional point-earning rates
- Comprehensive welcome bonus
- Flexible redemption options
Cons
- Limited value for non-PC store shoppers
- High interest rates
- Rewards primarily focused on PC ecosystem
- Requires high income qualification
7. TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card offers travelers a powerful rewards solution with accelerated Aeroplan point earning and exclusive Air Canada benefits. Designed for frequent flyers, this card provides exceptional value through its robust points system and travel-related perks.
TD Aeroplan Visa Infinite Card
- Free first checked bag on Air Canada flights
- NEXUS application fee rebate
- Travel insurance coverage
- No annual fee in first year
Pros
- Generous welcome bonus
- High earn rates on key categories
- Air Canada specific benefits
- Travel insurance included
Cons
- Requires $60,000 personal or $100,000 household income
- Annual fee after first year
- Limited utility outside of Air Canada ecosystem
8. BMO Air Miles World Elite Mastercard
The BMO Air Miles World Elite Mastercard is a premium travel rewards card offering travelers exceptional mile-earning potential and valuable travel benefits. With a competitive welcome bonus and high earn rates, this card is designed for frequent travelers seeking maximum value.
BMO Air Miles World Elite Mastercard
- 4 complimentary lounge visits annually
- First year annual fee waived
- Comprehensive travel insurance
- Flexible AIR MILES redemption
Pros
- Generous welcome bonus
- High earn potential
- Travel perks
- Lounge access
Cons
- 2.5% foreign transaction fee
- Requires $80,000 personal or $150,000 household income
- Limited redemption options
9. Capital One Smart Rewards Credit Card
The Capital One Smart Rewards Credit Card offers a unique approach to credit card rewards by giving points for paying down your balance instead of spending. It provides cardholders with an innovative way to earn rewards while maintaining financial responsibility.
Capital One Smart Rewards Credit Card
- $0 annual fee
- Fraud protection
- Rewards for paying card balance
- Purchase assurance and extended warranty
Pros
- Unique reward structure
- No annual fee
- Unlimited point earning
- Fraud protection included
Cons
- No welcome bonus
- High interest rates
- Limited redemption options
- Only available in Canada
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 Reward Credit Cards in Canada This November 2025
What are the top reward credit cards in Canada for maximizing travel points in 2025?
The American Express Platinum Card offers the most comprehensive travel rewards with up to 80,000 welcome points and premium travel insurance.
Which reward credit card in Canada has the lowest annual fees with the best cashback?
The Tangerine Money-Back Credit Card provides up to 2% cashback on selected categories with no annual fee, making it the most cost-effective rewards card.
How do I choose the best reward credit card for everyday spending in Canada this November?
The Scotiabank Passport Visa Infinite Card stands out with no foreign transaction fees, comprehensive travel insurance, and flexible reward point redemption options.
Which Canadian credit card offers the best grocery and dining rewards in 2025?
The American Express Cobalt Card provides industry-leading 5x points on food and dining purchases, making it ideal for frequent restaurant and grocery shoppers.