Are you looking to find the perfect credit card for your needs? With so many options, it can be hard to know which one is the best. That’s why we’ve done all the research for you and compiled a list of the top five best credit cards in Canada in 2023.
1. TD Cash Back Visa Infinite Card
This card offers up to 8% cash back on eligible grocery store and gas purchases, as well as 1% cash back on all other spendings. You can also get access to exclusive discounts and rewards from TD’s partners, plus travel insurance coverage and emergency medical insurance coverage when traveling outside of Canada.
2. American Express Cobalt Card
This card offers 5x points on eligible dining and food delivery purchases, 2x points on eligible travel purchases, and 1x point on all other spendings. You can also take advantage of bonus rewards points every month, with an additional 2,500 bonus points once you hit $500 in monthly spending. Plus, you get access to exclusive benefits like complimentary hotel stays and flight upgrades.
3. MBNA Rewards Platinum Plus Mastercard
This card offers up to 5x points on eligible gas station and grocery store purchases, 2x points on eligible entertainment purchases (such as movies or concerts), and 1x points on all other spendings. You can also enjoy exclusive discounts at participating merchants nationwide and earn a welcome bonus of 10,000 reward points after you spend $1,000 within the first 90 days of opening your account.
4. Capital One Aspire Cash World Elite Mastercard
This card offers up to 4% cash back on eligible gas station and grocery store purchases, 2% cash back on eligible travel purchases (such as flights or hotels), and 1% cash back on all other spendings. You can also get access to complimentary concierge services for help with restaurant reservations or finding tickets for events like concerts or sporting games—plus free rental car coverage when traveling outside of Canada!
5. BMO CashBack World Elite Mastercard
This card offers up to 6% cash back on eligible grocery store purchases, 3% cash back on eligible gas station purchases, 2% cash back on drugstore purchases (excluding prescriptions), and 1% cash back on all other spending categories — plus a welcome bonus of 15,000 reward points after you spend $3,000 within the first three months of opening your account!
Conclusion
Whether you’re looking for a great rewards program or just need a reliable source of extra funds during unexpected expenses — there’s no shortage of excellent credit cards available in Canada this year! We hope our guide helped narrow down your choices so that you’ll have no trouble selecting the best credit card for your needs in 2023! Good luck!
