KOHO Prepaid Visa
No-fee · No credit check
1% cashback everywhere
$0/month · $0 annual fee
🎁 $100 signup bonus (code 45ET55JSYA)
$100 bonus
No credit check
Free credit monitoring
Budgeting tools
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Amex Cobalt
Rewards · Groceries + Dining
5x pts on food + drinks
$12.99/month ($155.88/yr)
Up to 30,000 pt welcome bonus
5x restaurants
5x grocery
2x travel/transit
Aeroplan/Marriott transfer
Scotia Passport Visa Infinite
Travel · No FX Fees
3x pts on travel, 2x grocery/dining
$150/year
$150 travel credit + 35,000 pts
No foreign transaction fee
Airport lounge access
$150 travel credit
Tangerine Mastercard
Cashback · No Annual Fee
2% on 3 custom categories
$0 annual fee
Up to 15% cashback in first 3 months
$0 annual fee
2% your choice categories
1% elsewhere
No credit check lite
CIBC Aeroplan Visa Infinite
Travel · Air Canada
1.5x Aeroplan everywhere
$139/year
Up to 50,000 Aeroplan pts
Free bag Air Canada
1.5x on all purchases
50,000 pt bonus
Neo Financial Mastercard
Cashback · No Annual Fee
Up to 5% at Neo partners
$0 annual fee
Welcome bonus at partner merchants
$0 annual fee
5% at 10,000+ partners
Soft credit check only
Scotiabank Gold Amex
Cashback · No FX Fee
6x pts groceries, 5x dining/transit
$120/year
Up to 45,000 Scene+ pts
No FX fees
6x Scene+ at Sobeys
5x dining
BMO CashBack World Elite
Cashback · Groceries focus
5% cashback on groceries
$120/year
10% cashback first 3 months
5% groceries
4% transit/gas
1% everywhere
What is the best credit card in Canada in 2026?
It depends on your spending: For no-fee with signup bonus: KOHO ($100 bonus, no credit check). For dining and groceries: Amex Cobalt (5x). For travel: Scotia Passport Visa Infinite (no FX fees, $150 travel credit). For simple cashback no fee: Tangerine (2% on 3 categories). The "best" card is the one that aligns with your biggest spending categories.
What credit score do you need for a rewards card in Canada?
Premium Visa Infinite / World Elite Mastercard: 700+. Mid-tier cashback cards (Tangerine, Neo): 600–650+. Secured cards to build credit: 580+. KOHO prepaid Visa: no credit check at all. If your score is below 650, focus on building it with a secured card first, then upgrade to a rewards card in 12–18 months.
Should I have more than one credit card in Canada?
Two cards can maximize rewards: a high-earn card for top categories (e.g., Amex Cobalt for dining/groceries) plus a no-FX-fee card for international purchases (e.g., Scotia Passport). Avoid applying for multiple cards in a short period — each application creates a hard inquiry. Space applications 6+ months apart to minimize credit score impact.