Finding the Best Credit Cards in Canada
Best Credit Cards in Canada
For many consumers, the best credit cards in Canada are provided by organizations that provide benefits such as airline miles, bonus points, cash back and purchases at select merchants. These types of rewards are great for those who travel often, have a stable job and an income. However, some individuals and families may prefer other options. That is why the credit card comparisons that follow are examined below.
One of the most popular options is the Welcome Bonus offered by Canadian banks like Scotiabank and TD Canadians. The welcome bonus can be applied when you make eligible purchases using your card. This includes everyday purchases like gas, groceries, snacks, clothes, movies and more. The amount of welcome bonus that you receive will depend on the terms of your contract.
Other options include the gasoline rebate, which works similarly to the American Express Blue Cash scheme. You receive five percent off your fuel purchases for the first year. In addition to the gasoline rebate, you also receive one percent off all other grocery items in the first year and five percent off everything in the second year. With so much to choose from, this option is another great way to save money.
Finding the Best Credit Cards in Canada
Air Canada Gold American Express is another great choice. This credit card allows you to earn air miles and cash rebates for every air flight that you book with them. You also earn five percent on everything in the third and fourth years with a contract with this card. Unlike other air credit cards, you do not have to pay an annual fee when you use this card to book your travel rewards. It is important to note, however, that you must be a resident of Canada to qualify for this card.
The last of the best credit cards in Canada are offered by Scotiabank. The Discover More card and the Citibank Gold credit card are both offered at zero percent introductory rates once you make your initial application. Both of these credit cards also come with a fifteen year agreement that requires you to pay full interest throughout the agreement.
As you can see, there are a number of good options for you to choose from if you are looking for a credit card in Canada. As with anything else, you need to carefully review all of your options before you decide which one to apply for. Keep in mind that some cards have annual fees while others only have a low-interest rate after a certain period of time. As well, keep in mind the interest rates that may be offered to you in the United States. If you don’t see any of these options that meet your financial needs, it may be time to start looking elsewhere.
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