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The most effective Visa bank cards in Canada for November 2023

The most effective Visa bank cards in Canada for November 2023

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MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial workforce of skilled journalists works intently with main private finance consultants in Canada. That will help you discover one of the best monetary merchandise, we evaluate the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Study extra about our promoting and trusted companions.

The most effective Visa bank cards in Canada for 2023

As the most important bank card firm on the planet, Visa is a strong selection for any Canadian wanting the reassurance of large card acceptance each at residence and overseas—it’s accepted in additional than 200 nations and territories—and entry to quite a lot of packages and merchandise. Many Visa playing cards supply engaging perks and useful rewards, too. Plus, when you financial institution with RBC, CIBC, Scotiabank or one other Visa issuer, getting a Visa card is a technique to preserve your whole monetary companies in a single place. However which one to decide on? This information to one of the best Visa playing cards in Canada will enable you to slender down the sphere and discover a bank card that matches your life-style.


Finest general Visa bank card 

BMO eclipse Visa Infinite*

At a look: Maximize the facility of your on a regular basis spending with robust earn charges on BMO Rewards factors which you could redeem for merchandise or present playing cards, journey, assertion credit or investments. Good perks—just like the juicy annual $50 “life-style credit score,” earned for merely exceeding that quantity on one in all your month-to-month statements, and included cellular machine and journey insurance coverage—spherical out the package deal. 

  • Annual payment: $120
  • Earn charge: 5 occasions the BMO Rewards factors for each $1 spent on eating out and in, groceries, and gasoline and transit for the primary $50,000 in annual purchases; 1 BMO Rewards level for every thing else; earn 10% extra factors once you add a licensed person
  • Welcome bonus: You possibly can earn as much as 70,000 factors price $467 in journey rewards, a $50 life-style credit score and the $120 annual payment waived within the first 12 months.
  • Extra advantages: Annual life-style credit score price $50; cellular machine protection; automobile rental collision/loss harm safety; out-of-province/nation emergency medical; Visa Infinite privileges
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers

Execs

  • Provides boosted earn charges in high classes like groceries, gasoline and eating.
  • Consists of journey insurance coverage and new cellular machine protection.
  • Get 10% extra Rewards factors once you add a licensed person (for $50 yearly).
  • Cardholders get an annual $50 assertion credit score to spend nonetheless they need.

Cons

  • There may be an annual cap of $50,000 in purchases for boosted spend classes; after that, you’ll earn at a charge of 1 BMO level per $1 spent.
  • The minimal earnings necessities put this card out of attain for some.

Finest Visa bank card for money again

Scotia Momentum Visa Infinite*

Scotia Momentum Visa Infinite

At a look: The Scotiabank Momentum Visa Infinite is our decide for finest money again Visa for its sturdy buy and journey safety, in addition to its excessive earn charge—4% on groceries and recurring payments, 2% on gasoline and every day transit (together with public transit, taxis and rideshares) and 1% on every thing else.

  • Annual payment: $120
  • Earn charge: 4% on gasoline and recurring payments; 2% on gasoline and every day transit; 1% on every thing else
  • Welcome bonus: You possibly can earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual payment within the first 12 months, together with on extra playing cards. Provide ends October 31, 2024.
  • Extra advantages: Cell machine insurance coverage, journey emergency medical and journey accident protection, automobile rental harm/loss waiver, flight interruption and delayed and misplaced baggage insurance coverage; and entry to Visa Infinite experiences
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 660 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • This card’s earn charges are a few of the highest within the nation in key and broadly outlined spending classes.
  • Included new cellular machine, journey and automobile rental insurance coverage make this an all-around bank card.
  • Repay bigger purchases in installments via Scotia SelectPay.

Cons

  • You possibly can solely entry your money again as soon as per 12 months, and solely as a press release credit score.
  • Should you purchase your groceries at Walmart, you’ll solely get 1% money again because it isn’t thought of a grocery retailer.
  • The minimal earnings requirement could put this card out of attain for some.

Finest Visa bank card for gasoline and groceries

CIBC Dividend Visa Infinite

At a look: Take the sting out of rising costs with the CIBC Dividend Visa Infinite’s return of 4% money again on gasoline and groceries, and a pair of% again on every day transit (together with rideshares and public transit), eating, and recurring funds. You’ll additionally get perks like journey medical and rental automobile collision insurance coverage. 

  • Annual payment: $120
  • Earn charge: 4% money again on gasoline and groceries, 2% on eating, every day transit and recurring payments, and 1% again on every thing else.
  • Welcome bonus: You possibly can earn 10% money again welcome bonus of as much as $200 (first 4 statements). Provide not accessible to QC residents. Phrases and situations apply.
  • Extra advantages: Emergency journey medical; automobile rental collision and loss harm insurance coverage; cellular machine insurance coverage; plus save as much as $0.10 per litre at taking part Chevron, Ultramar and Pioneer gasoline stations once you hyperlink your card with Journie Rewards
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on steadiness transfers

Execs

  • Get your money again on demand, once you need it.
  • Hyperlink your card to Journie Rewards to get deeper reductions on gasoline at taking part Pioneer, Fas Fuel, Ultramar and Chevron stations.
  • Ship cash internationally with CIBC World Cash Switch and pay no switch charges.
  • Comes with included journey, automobile rental and new cellular machine insurance coverage.

Cons

  • The included emergency journey medical insurance coverage covers the primary 15 days of your journey. You’ll have to purchase extra insurance coverage for longer journeys.
  • The minimal earnings requirement could put this card out of attain for some.

Finest Visa bank card for versatile journey rewards

TD First Class Journey Visa Infinite*

At a look: The TD First Class Journey Visa Infinite Card means that you can earn TD factors which you’ll be able to redeem for rewards, together with journey and travel-related purchases. Journey booked along with your TD factors has no blackouts or seat restrictions, and TD factors don’t expire. This card additionally has included journey insurance coverage. 

  • Annual payment: $139 (annual payment rebate—situations apply to qualify)
  • Earn charge: 8 TD factors per $1 spent once you guide journey via Expedia For TD; 6 Factors per $1 on groceries & eating places; 4 factors per $1 spent on recurring payments; 2 factors per $1 spent on every thing else
  • Welcome bonus: You possibly can earn as much as 115,000 TD Rewards factors. Circumstances apply. Account have to be authorised by January 3, 2024. Plus, you get an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors).
  • Extra advantages: Journey emergency medical, journey accident, automobile rental, journey interruption, flight interruption and delayed and misplaced baggage insurance coverage; entry to Visa Infinite experiences; automobile rental financial savings with Avis and Funds
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • This card has a powerful included insurance coverage package deal for journey and automobile rental.
  • Along with journey rewards, you possibly can redeem your factors for on a regular basis perks like money again, present playing cards and extra.

Cons

  • Redeeming TD factors for journey not booked via Expedia For TD is just not computerized. You’ll need to contact the TD Journey Rewards program to make use of your factors.
  • The earn construction is a bit complicated and rewards depend upon the place and the way you guide. 
  • The minimal annual earnings requirement will put this card out of attain for some.

Finest airline Visa bank card

TD Aeroplan Visa Infinite*

At a look: If Air Canada is your airline of selection, check out the TD Aeroplan Visa Infinite. You get quite a few Air Canada perks with this card, like most well-liked pricing and a free first checked bag on Air Canada for you and as much as eight journey companions. The all-new Aeroplan rewards chart and beneficiant stopover coverage means you may get nice worth in your factors when redeeming for journey on Air Canada in addition to over two dozen Star Alliance companion airways. 

  • Annual payment: $139 (annual payment rebate—situations apply to qualify)
  • Earn charge: 1.5 Aeroplan factors for each $1 spent on eligible gasoline, grocery and Air Canada purchases, and 1 level per $1 spent on every thing else
  • Welcome bonus: You possibly can earn as much as 35,000 Aeroplan factors. Circumstances apply. Account have to be authorised by January 3, 2024. Plus, as anniversary bonus, earn 15,000 Aeroplan factors once you spend not less than $7,500 inside 12 months of opening the account.
  • Extra advantages: Resort-motel housebreaking insurance coverage; auto rental collision/loss harm insurance coverage; new cellular machine insurance coverage as much as $1,000; Nexus software rebate of as much as $100 each 48 months
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 660 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • Earn double the factors once you present your card and Aeroplan quantity at greater than 150 Aeroplan companion manufacturers and at 170+ on-line retailers by way of the Aeroplan eStore.
  • Earn 50% extra Aeroplan factors once you store at Starbucks by linking your Starbucks Rewards account to your TD card.
  • Use your Aeroplan factors for each Air Canada seat with out restrictions or blackout durations.
  • Redeem your factors for different journey bills like resort rooms and automobile leases.
  • Get an software payment rebate as soon as each 48 months for the quick-customs journey program NEXUS.
  • Features a complete suite of journey insurance coverage.

Cons

  • The included journey insurance coverage is just for journeys of as much as 21 days, or solely 4 days if you’re over 65 years outdated.
  • You’re restricted to Air Canada and choose Star Alliance airways.
  • The accelerated earnings charge is just accessible in three spending classes.

Finest no payment Visa bank card for rewards

Simplii Monetary Money Again Visa

Simplii Financial Cash Back Visa.

At a look: The no-fee Simplii Monetary Money Again Visa comes with 4% money again (as much as $5,000 yearly) on spends at eating places, bars and occasional retailers, making this a winner for individuals who wish to dine out. The 1.5% return on gasoline, groceries and drugstore purchases (as much as $15,000 yearly) can also be respectable, and every thing else earns 0.5% again, with no restrict. 

  • Annual payment: $0
  • Earn charge: 4% money again at eating places, bars and occasional retailers (as much as $5,000 spend); 1.5% again on gasoline, groceries, drugstore purchases and pre-authorized funds (as much as $15,000 spend); 0.5% on all different purchases
  • Welcome bonus: As much as 20% money again on eligible gasoline, groceries and preauthorized funds in the course of the first three months as much as a $500 spend and 9.99% rate of interest on purchases for 3 months
  • Extra advantages: Buy safety and prolonged safety insurance coverage
  • Annual earnings requirement: Private or family earnings of $15,000 
  • Really helpful credit score rating for approval: Not specified
  • Rates of interest: 19.99% on purchases, 22.99% on money advances

Execs

  • There’s no restrict on how a lot money again you possibly can earn.
  • Get $50 for each referral who opens an account utilizing your distinctive hyperlink.
  • The low minimal annual earnings requirement makes this a super-accessible card.

Cons

  • There are annual caps on earnings in boosted classes.
  • You must have a Simplii Monetary checking account to get the cardboard.
  • This card doesn’t supply a lot in the way in which of extras or perks.

Finest Visa bank card for no international transaction charges

Dwelling Belief Most well-liked Visa*

At a look: The Dwelling Belief Most well-liked Visa card is among the few bank cards in Canada that doesn’t cost international transaction charges on purchases made in a international forex. This makes it extremely appropriate for travellers and cross-border buyers trying to save the two.5% to three% surcharge they’d get with most bank cards. Moreover, you’ll earn 1% money again on all purchases made in Canada. And, the cardboard has no annual payment, so you retain extra of your cash in your pockets.

  • Annual payment: $0
  • Earn charge: 1% on all purchases in Canada 
  • Welcome supply: You possibly can earn 1% cashback on eligible purchases in Canada, with no caps on cashback earn.
  • Extra advantages: Automotive rental theft and collision insurance coverage; buy safety
  • Annual earnings requirement: None
  • Really helpful credit score rating for approval: 660 or greater
  • Rates of interest: 21.99% on purchases, 21.99% on money advances

Execs

  • There’s no restrict to the amount of money again you possibly can earn.
  • Save the international transaction charges on purchases made in a international forex.
  • Consists of automobile rental theft and collision insurance coverage.
  • There’s no minimal annual earnings requirement so this card may be very accessible.

Cons

  • Doesn’t embody perks or extras.
  • The earn charge of 1% isn’t aggressive with different playing cards.
  • The money again rewards are paid out yearly in January as a press release credit score.

Finest Visa bank card for low curiosity

RBC Visa Traditional Low Fee Choice

At a look: For many who are carrying debt, a decrease curiosity bank card is a wonderful device. The RBC Visa Traditional Low Fee Choice is a reasonably no-frills card with a flat 12.99% rate of interest on purchases, money advances and steadiness transfers. It comes with some companion perks, resembling reductions at Petro-Canada gasoline and free supply from DoorDash.

  • Annual payment: $20
  • Earn charge: N/A
  • Welcome supply: You possibly can earn a 0.99% introductory rate of interest for the primary 10 months on money advances and steadiness transfers and no annual payment for the primary 12 months. Apply by December 6, 2023.
  • Extra advantages: Free extra card; save $0.03 per litre on gas at Petro-Canada gasoline stations once you hyperlink your bank card to your Petro-Factors account; possibility to avoid wasting at choose retailers, resembling Roots, Indigo and The Keg eating places, via RBC Provides 
  • Annual earnings requirement: None
  • Rates of interest: 12.99% on purchases, 12.99% on money advances, 12.99% on steadiness transfers

Execs

  • The low annual payment and no minimal earnings requirement means this card is accessible to most Canadians.
  • Extra playing cards are free.
  • Achieve entry to RBC Provides, which prevent cash.
  • Earn Petro Factors and save on gas at Petro-Canada.
  • Get 3 months of free supply plus free supply on orders of over $15 once you add this card to your DoorDash account.

Cons

  • This card doesn’t include journey insurance coverage or roadside help.
  • There’s no steadiness switch promotion to maneuver debt from a higher-interest card.

Finest Visa bank card for lounge entry

Scotiabank Passport Visa Infinite Card*

Scotia Passport Visa Infinite

At a look: The Scotiabank Passport Visa Infinite is a premium bank card with a give attention to perks. With this card you’ll not solely have glorious included journey insurance coverage, but additionally Precedence Cross membership with six free annual lounge passes and free Avis Most well-liked Plus membership. And also you gained’t pay international transaction charges on purchases made in a international forex.

  • Annual payment: $150
  • Earn charge: Thrice the Scene+ factors on each $1 spent at Sobeys banner shops; two occasions the factors per $1 on groceries at different shops, eating, leisure, and transit prices; and Scene+ level per $1 on different purchases 
  • Welcome bonus: You possibly can earn as much as $1,100+ in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. Provide ends January 3, 2024.
  • Extra advantages: No international transaction charges; journey insurance coverage together with journey emergency medical, journey cancellation and interruption, journey accident; flight and baggage delay, misplaced baggage, automobile rental theft and harm, resort/motel housebreaking protection; Precedence Cross membership and 6 complimentary airport lounge visits; financial savings and upgrades on Avis automobile leases; Visa Infinite privileges
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 660 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • Comes with a complete journey insurance coverage package deal.
  • You gained’t pay international change charges with this card.
  • Consists of six complimentary airport lounge passes.
  • Earn boosted Scene+ factors once you store at Sobeys banner shops.
  • You will have entry to Scene+ Journey and you’ll redeem Scene+ factors for journey regardless of the place you guide.
  • Get particular entry and extras to resort, eating and leisure experiences via the Visa Infinite program.

Cons

  • The earn charge might be higher for such a premium card.
  • There’s no new cellular machine insurance coverage.
  • The annual payment of $150 is on the excessive finish for comparable playing cards.
  • The minimal annual requirement will put this card out of attain for some.

Finest Visa bank card for journey insurance coverage

Meridian Visa Infinite Journey Rewards

Meridian Visa Infinite Travel Rewards Card

At a look: The Meridian Visa Infinite Journey Rewards card has one of the best journey insurance coverage round, particularly for Canadians between 65 and 75 years outdated, who will obtain as much as 15 days protection. Whereas most playing cards supply round $1 million in journey emergency medical, this card comes with $5 million per particular person for journeys of as much as 48 days for these 59 and youthful, and 23 days for these 60 to 64 years outdated. 

  • Annual payment: $
  • Earn charge: 3 factors per $2 spent on all Canadian-dollar purchases and 6 factors per $2 on international purchases
  • Welcome bonus: None
  • Extra advantages: Journey insurance coverage together with as much as $5 million in journey emergency medical, as much as $2,000 journey cancellation/interruption/delay, baggage delay, misplaced or broken baggage, as much as $1 million in frequent provider journey accident, as much as 48 consecutive days of automobile rental collision/loss harm protection; as much as $1,000 in new cellular machine insurance coverage; entry to Visa Infinite advantages together with 24/7 concierge companies and resort keep upgrades at eligible areas
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: % on purchases, % on money advances

Execs

  • This card presents extra protection with greater limits than different bank cards in Canada and it offers protection for these as much as 75 years outdated.
  • Consists of $1,000 in new cellular machine insurance coverage in cose your cellphone is misplaced or broken.
  • This card has a decrease than traditional annual payment of $99.

Cons

  • You must log into the third-party website ScoreCard to redeem your factors.
  • There aren’t methods to speed up your rewards factors earnings.

Finest Visa bank card for roadside help

TD Money Again Visa Infinite Card*

TD Cash back Visa Infinite

At a look: Should you carry the TD Money Again Visa Infinite, you’re a Deluxe member of the TD Auto Membership, so assist is just a name away. With this package deal, you’re entitled to towing, winching, lock-out assist, gas supply and emergency service calls of as much as 200 kilometres. Even higher, you’re coated 24/7, regardless of which car you’re driving, wherever in Canada or the U.S. 

  • Annual payment: $139 (rebated for the primary 12 months.)
  • Earn charge: 3% money again on gasoline, grocery and recurring invoice funds; 1% on all different purchases
  • Welcome bonus: You possibly can earn as much as $500 in worth, together with 10% in Money Again {Dollars} within the first 3 months on Bonus Eligible Purchases as much as a complete spend of $3,500. Circumstances apply. Account have to be authorised by March 4, 2024.
  • Extra advantages: Deluxe TD Auto Membership membership; automobile rental collision loss harm waiver; some medical insurance coverage; cellular machine insurance coverage; financial savings with Avis and Funds automobile leases; Visa Infinite advantages
  • Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • Redeem your money again any time and your money again {dollars} by no means expire.
  • Consists of cellular machine insurance coverage.
  • Earn 50% extra Stars at taking part Starbucks shops by linking your card. 

Cons

  • The included journey insurance coverage package deal is incomplete. For instance, there is no such thing as a journey delay, cancellation or interruption safety.
  • The boosted earn charges on groceries and gasoline aren’t as robust as another playing cards on this class.
  • The annual payment of $139 is on the excessive finish for playing cards on this class.

Finest Visa bank card for college students

Scotiabank Scene+ Visa card*

scotiabank scene visa card for students

At a look: The no-annual-fee Scotiabank Scene+ Visa is a good way for low earnings earners to entry the Scene+ program the place they’ll redeem factors for groceries, leisure, eating, and extra. The modest $12,000 annual earnings requirement retains this card extraordinarily accessible.

  • Annual payment: $0
  • Earn charge: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent in every single place else
  • Welcome bonus: You possibly can earn 5,000 bonus Scene+ factors inside your first 12 months. Should apply by February 29, 2024.
  • Extra advantages: $10 off taking part eating places once you redeem 1,000 factors; 25% off base charges at taking part Avis and Funds automobile rental areas 
  • Minimal earnings requirement: $12,000
  • Really helpful credit score rating for approval: 725 or greater
  • Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • You possibly can earn and redeem factors on groceries, leisure, eating, journey and extra. 
  • Repay purchases of $100 or extra in interest-free installments with Scotia SelectPay.
  • There’s a low redemption threshold of only one,000 factors.
  • Factors by no means expire.

Cons

  • There’s no included insurance coverage in any respect.
  • With these earn charges, higher-ticket rewards like journey can be troublesome to achieve.

Honourable point out

Scotiabank Momentum No-Charge Visa

At a look: With the Scotiabank Momentum No-Charge Visa card, not solely do members pay no annual payment, however they’re additionally given the chance to earn 0.5% to 1% money again on their purchases.

  • Annual payment: $0
  • part=”descriptions” key=”badge_bonus”]
  • Earn charge: 1% money again at gasoline stations, grocery shops, drug shops and for recurring payments; 0.5% on every thing else
  • Welcome bonus: You possibly can 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers

Execs

  • You possibly can earn money again with out paying an annual payment.
  • With no annual payment and no minimal earnings requirement, it is a extremely accessible card.

Cons

  • The earn charges of 0.5% to 1% are decrease than many different playing cards on this class.
  • This card doesn’t include any insurance coverage.

Our methodology: How we decide one of the best playing cards

The MoneySense editorial workforce selects one of the best bank cards by assessing the worth they supply to Canadians throughout varied classes. Our greatest Visa bank cards rating is predicated on an in depth record of card particulars and options, together with annual charges, rates of interest, welcome presents, rewards earn charges, annual earnings necessities, and perks resembling insurance coverage protection, buy safety, roadside help, rebates, reductions and airport lounge entry. We’ve got additionally thought of the professionals and cons of every card that will help you decide which of them finest fit your monetary wants. Our rankings are an unbiased supply of knowledge for Canadians. The addition of hyperlinks from affiliate companions has no bearing on the outcomes. Learn extra about how MoneySense makes cash.

Extra of Canada’s finest bank cards:

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