Best Reward 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 to travel rewards and low interest rates, understanding the top choices helps you maximize benefits while matching your spending habits and lifestyle needs.
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Summary Table for Best Reward Credit Cards in Canada This September 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
American Express Cobalt® Card Cash Back |
$155.88 ($12.99/month) | 15,000 pts | Cash Back | Apply |
|
TD® Aeroplan® Visa Infinite Card Travel Rewards |
$139 | 45,000 pts | Travel Rewards | Apply |
|
American Express Aeroplan Reserve Card Travel Rewards |
$599 | 85,000 pts | Travel Rewards | Apply |
|
Scotiabank Momentum® Visa Infinite Card Cash Back |
$120 | 10% cash back | Cash Back | Apply |
|
Tangerine Money-Back Credit Card Cash Back |
$0 | 10% cash back up to $100 in first 2 months | Cash Back | Apply |
|
Rogers World Elite Mastercard® Cash Back |
$0 | None | Cash Back | Apply |
|
Chase Sapphire Preferred® Card (Canada version) Travel Rewards |
Not Available in Canada | Not Available in Canada | Travel Rewards | Apply |
1. American Express Cobalt® Card
The American Express Cobalt Card is one of the most rewarding credit cards in Canada, offering up to 5x points on everyday purchases and an innovative monthly fee structure instead of a traditional annual fee.
#1
American Express Cobalt® Card
Cash Back
Annual Fee $155.88 ($12.99/month)
Purchase Interest Rate 21.99%
Cash Advance Rate 21.99%
Welcome Bonus 15,000 pts
- Monthly welcome bonus of 1,250 points when spending $750 each month
- Points transferable to Aeroplan and other travel partners
- No minimum income requirement
- Flexible redemption options including travel, cash back, and more
5x
Eats & Drinks points per $1 on groceries, restaurants, food delivery
3x
Streaming Services points per $1
2x
Travel & Transit points per $1 on gas, transit, rideshare
Pros
- High earn rate on food and dining purchases
- Flexible monthly fee structure
- No minimum income requirement
- Comprehensive travel insurance coverage
Cons
- Higher annual fee compared to some competitors
- Limited acceptance of American Express in some locations
- Monthly fee structure may not suit all users
Why is it Our Top Pick?
This american express cobalt® card offers excellent value and competitive features that make it stand out in the Canadian market.
Rewards
- 5x points on eligible eats and drinks up to $2,500 per month
- 3x points on streaming services
- 2x points on travel-related purchases
- 1x point on all other purchases
Pros
- High earn rate on food and dining purchases
- Flexible monthly fee structure
- No minimum income requirement
- Comprehensive travel insurance coverage
Cons
- Higher annual fee compared to some competitors
- Limited acceptance of American Express in some locations
- Monthly fee structure may not suit all users
Key Features
- Monthly welcome bonus of 1,250 points when spending $750 each month
- Points transferable to Aeroplan and other travel partners
- No minimum income requirement
- Flexible redemption options including travel, cash back, and more
2. TD® Aeroplan® Visa Infinite Card
The TD Aeroplan Visa Infinite Card is a premium travel rewards card offering extensive Air Canada benefits and a generous welcome bonus of up to 45,000 Aeroplan points for frequent travelers.
#2
TD® Aeroplan® Visa Infinite Card
Travel Rewards
Annual Fee $139
Purchase Interest Rate 21.99%
Cash Advance Rate 22.99%
Welcome Bonus 45,000 pts
- First checked bag free on Air Canada flights
- NEXUS fee reimbursement
- Comprehensive travel insurance
- Maple Leaf Lounge access benefits
1.5x
Air Canada & Travel points per $1 on Air Canada purchases
1.5x
Everyday Essentials points per $1 on gas, groceries, EV charging
1x
All Other Purchases points per $1
Pros
- Generous welcome bonus structure
- Strong Air Canada-specific benefits
- Comprehensive travel insurance package
- First-year annual fee often waived
Cons
- High spending requirement for full welcome bonus
- Annual fee of $139 after first year
- Additional cardholder fee of $75
Rewards
- Welcome bonus of up to 45,000 Aeroplan points
- 1.5x points on Air Canada, gas, groceries, and EV charging
- Free first checked bag on Air Canada flights
- Anniversary bonus points opportunity
Pros
- Generous welcome bonus structure
- Strong Air Canada-specific benefits
- Comprehensive travel insurance package
- First-year annual fee often waived
Cons
- High spending requirement for full welcome bonus
- Annual fee of $139 after first year
- Additional cardholder fee of $75
Key Features
- First checked bag free on Air Canada flights
- NEXUS fee reimbursement
- Comprehensive travel insurance
- Maple Leaf Lounge access benefits
3. American Express Aeroplan Reserve Card
The American Express Aeroplan Reserve Card is a premium travel rewards card offering extensive Air Canada benefits including unlimited Maple Leaf Lounge access and priority boarding, making it ideal for frequent Air Canada travelers looking to maximize their travel experience.
#3
American Express Aeroplan Reserve Card
Travel Rewards
Annual Fee $599
Purchase Interest Rate 21.99%
Cash Advance Rate 21.99%
Welcome Bonus 85,000 pts
- Unlimited North American Maple Leaf Lounge access
- Free first checked bag on Air Canada flights
- Priority Pass membership included
- Priority check-in and boarding on Air Canada flights
3x
Air Canada points per $1
2x
Dining & Food Delivery points per $1
1.25x
All Other Purchases points per $1
Pros
- No minimum income requirement
- Comprehensive Air Canada travel benefits
- Strong welcome bonus potential
- Premium travel insurance coverage
Cons
- High annual fee of $599
- High minimum spend requirement for welcome bonus
- Additional cards cost $199 annually
- High interest rates that can increase to 29.99% with missed payments
Rewards
- Earn 60,000 points after spending $7,500 in first 3 months
- Additional 25,000 points for spending $2,500 in month 13
- Free hotel night for every 3 nights booked with points
- 10,000 points per successful referral
Pros
- No minimum income requirement
- Comprehensive Air Canada travel benefits
- Strong welcome bonus potential
- Premium travel insurance coverage
Cons
- High annual fee of $599
- High minimum spend requirement for welcome bonus
- Additional cards cost $199 annually
- High interest rates that can increase to 29.99% with missed payments
Key Features
- Unlimited North American Maple Leaf Lounge access
- Free first checked bag on Air Canada flights
- Priority Pass membership included
- Priority check-in and boarding on Air Canada flights
4. Scotiabank Momentum® Visa Infinite Card
The Scotiabank Momentum Visa Infinite Card stands out as a premium cash back card offering exceptional earning rates on everyday spending categories, particularly strong for grocery and gas purchases with a generous welcome bonus.
#4
Scotiabank Momentum® Visa Infinite Card
Cash Back
Annual Fee $120
Purchase Interest Rate 20.99%
Cash Advance Rate 22.99%
Welcome Bonus 10% cash back
- Save up to 25% off at AVIS and Budget car rentals
- Comprehensive travel insurance package
- Mobile device insurance
- Flexible payment plans for purchases over $100
4%
Groceries, Gas & Transit cash back
2%
Recurring Bills & Subscriptions cash back
1%
All Other Purchases cash back
Pros
- Strong welcome bonus of 10% cash back
- First year annual fee waived
- High earn rate on everyday spending categories
- Comprehensive insurance benefits
Cons
- $60,000 minimum annual income requirement
- $120 annual fee after first year
- Cash back only redeemed annually
- Higher interest rates for cash advances
Rewards
- 10% cash back on all purchases for first 3 months (up to $2,000)
- First-year annual fee waiver
- 4% cash back on groceries and gas ongoing
- 2% cash back on recurring payments
Pros
- Strong welcome bonus of 10% cash back
- First year annual fee waived
- High earn rate on everyday spending categories
- Comprehensive insurance benefits
Cons
- $60,000 minimum annual income requirement
- $120 annual fee after first year
- Cash back only redeemed annually
- Higher interest rates for cash advances
5. Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card stands out with its customizable rewards program and no annual fee, offering up to 2% cash back in categories of your choice and the flexibility to earn rewards on everyday purchases.
#5
Tangerine Money-Back Credit Card
Cash Back
Annual Fee $0
Purchase Interest Rate 20.95%
Cash Advance Rate 22.95%
Welcome Bonus 10% cash back up to $100 in first 2 months
- No annual fee
- Customizable reward categories
- Additional 2% category with Tangerine Savings Account
- Monthly cash back rewards deposits
2%
Two Categories of Choice cash back
2%
Third Category (with Savings Account) cash back
0.50%
All Other Purchases cash back
Pros
- No annual fee
- Flexible category selection
- Automatic monthly reward deposits
- Option for third 2% category
Cons
- Low base earn rate (0.50%)
- Requires Savings Account for third category
- Limited time welcome bonus
- Foreign transaction fees apply
Rewards
- 10% cash back welcome bonus (up to $100) in first 2 months
- 2% cash back in up to 3 chosen categories
- 0.50% cash back on all other purchases
Pros
- No annual fee
- Flexible category selection
- Automatic monthly reward deposits
- Option for third 2% category
Cons
- Low base earn rate (0.50%)
- Requires Savings Account for third category
- Limited time welcome bonus
- Foreign transaction fees apply
6. Rogers World Elite Mastercard®
The Rogers World Elite Mastercard® excels at foreign currency purchases with enhanced cash back on USD transactions, while offering competitive rewards for Rogers customers with no annual fee.
#6
Rogers World Elite Mastercard®
Cash Back
Annual Fee $0
Purchase Interest Rate 20.99% - 25.99%
Cash Advance Rate 22.99% - 27.99%
Welcome Bonus None
- No annual fee
- Enhanced USD purchase rewards
- 5 annual Roam Like Home days
- Airport lounge access discounts
3%
USD Purchases cash back
2%
All Other Purchases cash back with Rogers service
1.5x
Rogers/Fido/Shaw Purchases redemption bonus
Pros
- No annual fee
- Strong USD purchase rewards
- Free additional cards
- Rogers service integration
Cons
- No welcome bonus
- Limited travel insurance coverage
- Requires Rogers service for best rewards
- High minimum income requirement
Rewards
- 3% cash back on USD purchases
- 2% cash back on all purchases with Rogers service
- 1.5x redemption bonus on Rogers/Fido/Shaw purchases
Pros
- No annual fee
- Strong USD purchase rewards
- Free additional cards
- Rogers service integration
Cons
- No welcome bonus
- Limited travel insurance coverage
- Requires Rogers service for best rewards
- High minimum income requirement
7. Chase Sapphire Preferred® Card (Canada version)
The Chase Sapphire Preferred® Card is not available to Canadian residents, as Chase does not issue consumer credit cards in Canada. While the US version offers attractive travel rewards, Canadians must seek alternatives from Canadian banks.
#7
Chase Sapphire Preferred® Card (Canada version)
Travel Rewards
Annual Fee Not Available in Canada
Purchase Interest Rate Not Available in Canada
Cash Advance Rate Not Available in Canada
Welcome Bonus Not Available in Canada
- Card is not available to Canadian residents
- Chase only operates merchant payment solutions in Canada
- No consumer credit cards offered by Chase in Canada
- Canadians must seek alternatives from Canadian banks
N/A
N/A Not Available in Canada
N/A
N/A Not Available in Canada
N/A
N/A Not Available in Canada
Pros
- No foreign transaction fees (US version)
- $50 annual hotel credit (US version)
- Strong travel and dining rewards (US version)
Cons
- Not available to Canadian residents
- Chase exited Canadian consumer credit card market
- No equivalent Chase product available in Canada
Rewards
- No rewards available as card cannot be obtained in Canada
- US version offers 5x points on Chase Travel
- US version offers 3x points on dining
Pros
- No foreign transaction fees (US version)
- $50 annual hotel credit (US version)
- Strong travel and dining rewards (US version)
Cons
- Not available to Canadian residents
- Chase exited Canadian consumer credit card market
- No equivalent Chase product 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.
