Compare the best credit cards in Canada

The best credit card in Canada depends on the type of card and benefits you're looking for. Credit cards can offer cash back, travel rewards, low interest rates, no annual fees, balance transfer offers and other features, so the strongest option can vary by category. See Ratehub's best credit cards in Canada to compare our top picks across different categories.

The best way to compare credit cards in Canada is to look at annual fees, interest rates, rewards or cash back, welcome offers, eligibility requirements and additional benefits. Depending on the type of card, you may also want to compare features like travel insurance, foreign transaction fees or balance transfer offers. Ratehub's credit card comparison tool lets you easily compare Canadian credit cards side by side.

To pick the best credit card for you, start with your own spending habits and what you want your credit card to do for you. A frequent traveller, for example, may prioritize travel rewards and insurance, while someone looking to keep costs down may prioritize a no-fee or low-interest card. Ratehub's CardFinder can help you find cards that match your credit profile, spending habits and preferences.

Comparing credit cards does not affect your credit score. You can research and compare different cards, rates, fees and rewards without impacting your credit. However, when you apply for a credit card, the issuer will typically check your credit, which may temporarily affect your credit score.

Visa and Mastercard credit cards are the most widely accepted credit cards in Canada and can be used at most places that accept credit cards. American Express is also widely used, but isn’t accepted by as many merchants. Some retailers may only accept certain card networks; for example, Costco Canada accepts Mastercard but not Visa for in-store credit card purchases. If your primary card is an Amex, it can be useful to carry a Visa or Mastercard as a backup.

The number of credit cards you should have depends on your spending habits, financial needs and ability to manage multiple accounts. For many people, one or two credit cards may be enough, while others may benefit from having additional cards for different rewards, perks or spending categories. Before adding another card, consider how it fits with your existing cards and whether you can comfortably manage your payments. Learn more about how many credit cards you should have.