Top 3 rewards credit cards in Canada
If you value earning points more than low interest rates, a rewards credit card could be a smart choice. Many offer accelerated points on bonus categories, built-in insurance coverage, and travel perks designed to ease the stress of your journey
The best rewards cards provide high earn rates, exclusive benefits and discounts, and luxury travel perks.
Credit cards don’t exist solely to help you spend money. The best rewards credit cards in Canada will let you earn points with regular shopping. The key is to choose a rewards card with the best points-earning potential and a solid and worthwhile rewards program that suits your lifestyle (and yes, the perks and privileges are pretty nice, too).
🏆Gold: PC® Mastercard®
$282
First Year Value
$0
Annual Value
Get this card if you...
- frequently shop at Loblaw stores
- want to accelerate your PC Optimum points
- want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.97%
Cash Advance
22.97%
Balance Transfer
Our Take
The PC® Mastercard® is a no-annual-fee credit card that allows cardholders to earn PC Optimum points on everyday purchases, with accelerated rates at Loblaw-affiliated stores, Shoppers Drug Mart, Esso, and Mobil gas stations. These points can be redeemed for groceries and merchandise at over 2,500 participating locations across Canada.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
- No annual fee, ideal for budget-conscious shoppers
- Earn 10 points per $1 spent everywhere
- Accelerated points at Esso, Shoppers Drug Mart, and PC Travel
- Points redeemable at over 2,500 stores nationwide
- Purchase insurance and extended warranties for added protection
Cons
- Middle-of-the-road rewards compared to other no-fee cards
- Limited redemption options compared to some competitors
- Requires spending at specific stores for maximum benefits
- Point value may seem low initially, despite earning potential
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
22.97%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
10 points
Earn 10 points per $1 spent everywhere
2 cents
Earn 2c per litre in PC Optimum points at Esso and Mobil
30 points
Earn 30 points per $1 when purchasing travel through President’s Choice
25 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
Our Take
The PC® Mastercard® is a no-annual-fee credit card that allows cardholders to earn PC Optimum points on everyday purchases, with accelerated rates at Loblaw-affiliated stores, Shoppers Drug Mart, Esso, and Mobil gas stations. These points can be redeemed for groceries and merchandise at over 2,500 participating locations across Canada.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
- No annual fee, ideal for budget-conscious shoppers
- Earn 10 points per $1 spent everywhere
- Accelerated points at Esso, Shoppers Drug Mart, and PC Travel
- Points redeemable at over 2,500 stores nationwide
- Purchase insurance and extended warranties for added protection
Cons
- Middle-of-the-road rewards compared to other no-fee cards
- Limited redemption options compared to some competitors
- Requires spending at specific stores for maximum benefits
- Point value may seem low initially, despite earning potential
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
22.97%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
10 points
Earn 10 points per $1 spent everywhere
2 cents
Earn 2c per litre in PC Optimum points at Esso and Mobil
30 points
Earn 30 points per $1 when purchasing travel through President’s Choice
25 points
Earn 25 points per $1 at Shoppers Drug Mart and Pharmaprix
The PC® Mastercard® takes the crown as our top rewards credit card for 2026, offering exceptional value for everyday Canadians:
- Popular choice among Canadians: The PC® Mastercard® earned its place as one of the winners in our Most popular credit cards study, demonstrating its widespread appeal and satisfaction among cardholders.
- Unbeatable grocery value: This card scores the highest in our proprietary Grocery Score thanks to its impressive points structure at Loblaws and affiliated stores. With Canadians spending an average of $500 monthly on groceries, this translates to substantial rewards for the typical household.
- No-fee accessibility: Unlike many rewards powerhouses, the PC® Mastercard® charges no annual fee while still delivering competitive rewards, making it accessible to Canadians regardless of income level.
- Tiered options for growth: The World and World Elite versions offer enhanced earning potential for applicants with higher credit scores or incomes, allowing cardholders to scale their rewards as their financial situation improves.
- Versatile redemption options: PC Optimum points can be redeemed at numerous locations beyond just groceries, including Shoppers Drug Mart, Esso stations, and more, offering flexibility that few other rewards programs can match.
🥈 Silver: Canadian Tire Triangle® Mastercard®
$198
First Year Value
$0
Annual Value
Get this card if you...
- frequently shop at Canadian Tire stores
- want to earn rewards without paying an annual fee
- want to take advantage of the 0% financing option
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Our Take
The Canadian Tire Triangle® Mastercard® is a no-annual-fee credit card that allows cardholders to earn Canadian Tire Money® (CT Money) on everyday purchases, with elevated rates at Canadian Tire and participating stores such as Sport Chek, Party City, and Mark's. It also offers benefits like savings on fuel at Gas+ and Petro-Canada locations, as well as access to promotional financing options for eligible in-store purchases, making it an ideal choice for frequent shoppers of Canadian Tire and its affiliated brands.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee
- Up to 4% cash back on purchases
- 5¢ back per litre of fuel at select gas partners
Cons
- Rewards are geared towards Canadian Tire brands
- Existing customers note lackluster customer service support
- Limited insurance coverage
Annual Interest Rates
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more
1.5%
back in CT Money at grocery stores
0.5%
CT Money everywhere else you shop
5¢
per litre back in Canadian Tire Money every time you fill up at Gas+ and Petro-Canada locations
Our Take
The Canadian Tire Triangle® Mastercard® is a no-annual-fee credit card that allows cardholders to earn Canadian Tire Money® (CT Money) on everyday purchases, with elevated rates at Canadian Tire and participating stores such as Sport Chek, Party City, and Mark's. It also offers benefits like savings on fuel at Gas+ and Petro-Canada locations, as well as access to promotional financing options for eligible in-store purchases, making it an ideal choice for frequent shoppers of Canadian Tire and its affiliated brands.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee
- Up to 4% cash back on purchases
- 5¢ back per litre of fuel at select gas partners
Cons
- Rewards are geared towards Canadian Tire brands
- Existing customers note lackluster customer service support
- Limited insurance coverage
Annual Interest Rates
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more
1.5%
back in CT Money at grocery stores
0.5%
CT Money everywhere else you shop
5¢
per litre back in Canadian Tire Money every time you fill up at Gas+ and Petro-Canada locations
The Canadian Tire Triangle® Mastercard® earns our recognition as the best retail rewards card, delivering exceptional value for Canadian Tire shoppers:
- Zero annual fee commitment: This no annual fee card delivers premium rewards without the premium price tag, enhancing its overall value proposition.
- Proven consumer favorite: Another standout in our Most popular credit cards study, demonstrating strong customer satisfaction and widespread adoption among Canadians.
- Impressive category earn rates: Cardholders enjoy a substantial 4% back on Canadian Tire purchases and 1.5% back on groceries, two significant spending categories for most Canadian households.
- Room for improvement: The 0.5% back on everything else is disappointing compared to competitors, limiting its value as an everyday spending card outside the Canadian Tire ecosystem.
- Unique redemption opportunities: The Triangle Rewards program offers flexible redemption options at Canadian Tire, Sport Chek, Mark’s, and Atmosphere, covering diverse shopping needs from automotive to clothing.
Disclosures:
- Terms & conditions apply
🥉 Bronze: CIBC Costco Mastercard®
$336
First Year Value
$0
Annual Value
Get this card if you...
- are a Costco member, wanting to earn cash back on purchases
- want to avoid paying an annual fee
- want perks like purchase protection and mobile device insurance
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.75%
Purchase
22.49%
Cash Advance
22.49%
Balance Transfer
Our Take
The CIBC Costco Mastercard® is a no-annual-fee credit card tailored for Costco members, offering cash back on various purchase categories, including elevated rates for dining and gas purchases at Costco gas stations. Cardholders benefit from features such as mobile device insurance and the convenience of combining their credit card with their Costco membership card to maximize their cash back.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
- No annual fee
- No fee for additional cards
- Earn up to 3% cash back
- Can double as your Costco membership card (though you’ll still have to pay the Costco membership fee)
- Mobile device insurance
Cons
- Exclusive to Costco members
- Low cash back rate of 1% for purchases at Costco
- High interest rate of 20.75%
- Cash back can only be redeemed at Costco
Annual Interest Rates
20.75%
Purchase
22.49%
Cash Advance
22.49%
Balance Transfer
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
3%
cash back at restaurants and at Costco gas
2%
cash back at other eligible gas stations, electric vehicle charging stations and at Costco.ca
1%
cash back on all other purchases including at Costco
Insurance Benefits
$1,000
Mobile device insurance amount
Our Take
The CIBC Costco Mastercard® is a no-annual-fee credit card tailored for Costco members, offering cash back on various purchase categories, including elevated rates for dining and gas purchases at Costco gas stations. Cardholders benefit from features such as mobile device insurance and the convenience of combining their credit card with their Costco membership card to maximize their cash back.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
- No annual fee
- No fee for additional cards
- Earn up to 3% cash back
- Can double as your Costco membership card (though you’ll still have to pay the Costco membership fee)
- Mobile device insurance
Cons
- Exclusive to Costco members
- Low cash back rate of 1% for purchases at Costco
- High interest rate of 20.75%
- Cash back can only be redeemed at Costco
Annual Interest Rates
20.75%
Purchase
22.49%
Cash Advance
22.49%
Balance Transfer
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
3%
cash back at restaurants and at Costco gas
2%
cash back at other eligible gas stations, electric vehicle charging stations and at Costco.ca
1%
cash back on all other purchases including at Costco
Insurance Benefits
$1,000
Mobile device insurance amount
The CIBC Costco Mastercard is another great pick and offers a compelling package for Costco members:
- No annual fee: This card integrates seamlessly with your existing Costco membership with no additional annual fee, maximizing value for members.
- Dual functionality: The card doubles as your Costco membership card, reducing wallet clutter and streamlining the shopping experience.
- Strong dining and gas rewards: Cardholders earn an impressive 3% back on dining and Costco gas (2% at other gas stations), targeting high-value spending categories for many Canadians.
- Limited market reach: While offering significant value, Costco’s relatively small footprint compared to other major rewards programs means it offers less value to Canadians who don’t live near a warehouse location.
- Cash back simplicity: Unlike points programs with variable redemption values, this card’s straightforward cash back structure ensures transparency in rewards earned.
Disclosures:
- †Terms and Conditions Apply. This offer is not available for residents of Quebec.
- The information for the CIBC Costco Mastercard® has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Best rewards credit card for Scene+
up to 45,000 points†
Welcome Bonus
$1,582
First Year Value
$732
Annual Value
Welcome Bonus: Earn up to $850 in welcome offers, first year rewards and savings value, including up to 45,000 bonus Scene+ points.† Expires Jul 01, 2026
Get this card if you...
- want exclusive travel benefits like no foreign exchange fees
- need comprehensive travel insurance benefits
- want to access exclusive Amex offers
Annual Fee & Annual Interest Rates
$120
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Gold American Express® Card is a rewards credit card that offers accelerated earn rates on categories such as groceries, dining, and entertainment. It also provides benefits like no foreign transaction fees and comprehensive travel insurance, making it suitable for both everyday spending and international use.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
Pros
- Lots of daily spend options to earn multiplied point bonuses
- Swanky Amex perks like Front of the Line presale concert tickets
- Save on foreign transaction fees when abroad
- Fantastic insurance coverage, especially for travel
Cons
- Relatively low-value welcome bonus
- $120 annual fee that chews into your point value substantially
- Scene points redeem poorly for travel
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
0.00%
Foreign Transaction
Rewards Scene+
6x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
Insurance Benefits
$1,000
Mobile device insurance amount
$1,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $850* in value in the first 12 months, including up to 45,000 bonus Scene+ points. Here's how:
$450 in travel rewards (45,000 bonus Scene+ points) for new Scotiabank Gold American Express Card clients who spend $2,000 within the first 3 months (to earn 25,000 points) and who spend $7,500 within the first 12 months (to earn an additional 20,000 points);
$58 in foreign transaction fee savings based on average annual foreign spend per account over the last 24 months (save the 2.5% foreign transaction fee markup typically charged by other card issuers);
$386 in first year point earn potential (38,500 Scene+ points) on everyday purchases based on average annual spend per account over the last 24 months with an average spend of 30% in 6X, 5X and 3X accelerator categories.
Potential First Year Value = up to $894 (rounded down to $850)
To qualify for these offers make sure to apply for and open a new Scotiabank Gold American Express credit card account (“Account”) between January 2, 2026 and July 1, 2026.
*Savings and reward potential in first 12 months includes welcome offer value, first year point earn potential and foreign transaction fee savings as of November 4, 2025.
See terms and conditions for full details.
Rates, fees and other information are effective as of October 31, 2025. Subject to change.
Our Take
The Scotiabank Gold American Express® Card is a rewards credit card that offers accelerated earn rates on categories such as groceries, dining, and entertainment. It also provides benefits like no foreign transaction fees and comprehensive travel insurance, making it suitable for both everyday spending and international use.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
Pros
- Lots of daily spend options to earn multiplied point bonuses
- Swanky Amex perks like Front of the Line presale concert tickets
- Save on foreign transaction fees when abroad
- Fantastic insurance coverage, especially for travel
Cons
- Relatively low-value welcome bonus
- $120 annual fee that chews into your point value substantially
- Scene points redeem poorly for travel
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
0.00%
Foreign Transaction
Rewards Scene+
6x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
5x
Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
5x
Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agencies stores.
3x
Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes rideshares, buses, subway, taxis and more
3x
Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
Insurance Benefits
$1,000
Mobile device insurance amount
$1,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $850* in value in the first 12 months, including up to 45,000 bonus Scene+ points. Here's how:
$450 in travel rewards (45,000 bonus Scene+ points) for new Scotiabank Gold American Express Card clients who spend $2,000 within the first 3 months (to earn 25,000 points) and who spend $7,500 within the first 12 months (to earn an additional 20,000 points);
$58 in foreign transaction fee savings based on average annual foreign spend per account over the last 24 months (save the 2.5% foreign transaction fee markup typically charged by other card issuers);
$386 in first year point earn potential (38,500 Scene+ points) on everyday purchases based on average annual spend per account over the last 24 months with an average spend of 30% in 6X, 5X and 3X accelerator categories.
Potential First Year Value = up to $894 (rounded down to $850)
To qualify for these offers make sure to apply for and open a new Scotiabank Gold American Express credit card account (“Account”) between January 2, 2026 and July 1, 2026.
*Savings and reward potential in first 12 months includes welcome offer value, first year point earn potential and foreign transaction fee savings as of November 4, 2025.
See terms and conditions for full details.
Rates, fees and other information are effective as of October 31, 2025. Subject to change.
The Scotiabank Gold American Express Card is an outstanding option for Scene+ collectors, and in many ways, outperforms even the Scene+ Visa Infinite Card for certain types of spenders. Here's why we recommend it:
- Superior everyday earning potential with 5 Scene+ points per dollar on groceries, restaurants, food delivery, and entertainment (compared to the Visa Infinite's reduced points)
- Travel-focused benefits including 3 Scene+ points per dollar on gas, public transit, and eligible streaming services, plus 3 points per dollar on travel booked through the Scene+ Travel portal
- No foreign transaction fees, saving you the standard 2.5% charged by most Canadian credit cards when making purchases in non-Canadian currency—a huge advantage for travelers
- Comprehensive travel insurance including emergency medical, trip cancellation/interruption, flight delay, lost baggage, and rental car collision coverage
- Flexible redemption options with Scene+ points that can be used for movies, dining, travel, merchandise, and statement credits at a consistent value of 1 point = $0.01
- Special Amex offers that provide exclusive discounts and bonus points opportunities not available on Visa or Mastercard products
The annual fee of $120 is easily offset if you're spending regularly in the top earn categories. For a household spending $500 monthly on groceries, that's 2,500 Scene+ points ($25 value) each month just from grocery purchases alone.
Disclosures:
-
Conditions Apply. Visit here for the Scotiabank Gold American Express® Card to learn more.
*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
Best rewards card for PC Optimum
$438
First Year Value
$0
Annual Value
Get this card if you...
- want to quickly rack up PC Optimum points
- want to avoid paying an annual fee
- want basic insurance benefits
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Our Take
The PC Financial® World Elite Mastercard® is a no-annual-fee credit card designed for frequent shoppers at Loblaw-affiliated stores, offering elevated PC Optimum points on purchases at these retailers, including Shoppers Drug Mart and Joe Fresh. Cardholders benefit from perks such as 24/7 concierge service and travel emergency medical insurance; however, the card has a high income requirement, and its rewards are primarily limited to Loblaw banner stores.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$80,000
Required Annual Personal Income
Pros
- No annual fee
- High earn rates in certain stores
- Easy, straightforward redemptions
- Points don’t expire provided your account stays active and in good standing
- Special events allow you to earn extra points
Cons
- High income requirement to qualify
- Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
- Points can’t be transferred to other loyalty programs
- The included travel insurance is very limited
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
Earn 30 points per litre for gas purchased at Esso™ or Mobil™ stations
30 points
Earn 30 points per $1 spent on PC Travel services
30 points
Earn 30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
10 points
Earn 10 points per $1 spent everywhere else
Insurance Benefits
$65,000
Rental car insurance amount
Our Take
The PC Financial® World Elite Mastercard® is a no-annual-fee credit card designed for frequent shoppers at Loblaw-affiliated stores, offering elevated PC Optimum points on purchases at these retailers, including Shoppers Drug Mart and Joe Fresh. Cardholders benefit from perks such as 24/7 concierge service and travel emergency medical insurance; however, the card has a high income requirement, and its rewards are primarily limited to Loblaw banner stores.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$80,000
Required Annual Personal Income
Pros
- No annual fee
- High earn rates in certain stores
- Easy, straightforward redemptions
- Points don’t expire provided your account stays active and in good standing
- Special events allow you to earn extra points
Cons
- High income requirement to qualify
- Accelerated earn rates are limited to certain partner stores, and points can be redeemed only for purchases within Loblaw banner stores
- Points can’t be transferred to other loyalty programs
- The included travel insurance is very limited
Annual Interest Rates
21.99%
Purchase
22.97%
Cash Advance
5%
Balance Transfer
Fees
$0
Annual Fee
Rewards PC points
45 points
* 45 points per $1 spent at Shoppers Drug Mart/Pharmaprix
30 points
Earn 30 points per litre for gas purchased at Esso™ or Mobil™ stations
30 points
Earn 30 points per $1 spent on PC Travel services
30 points
Earn 30 points per $1 spent at Loblaw Banner Grocery Stores (includes Loblaws, No Frills, Valu-Mart, Independent Grocers, Zehrs, Real Canadian Superstore, Fortinos, etc.)
10 points
Earn 10 points per $1 spent everywhere else
Insurance Benefits
$65,000
Rental car insurance amount
No, it’s not our overall winner, but the PC® World Elite Mastercard® stands out as the premier credit card for PC Optimum members, offering exceptional value that few rewards cards in Canada can match.
- Unmatched grocery earning potential: Earn 30 PC Optimum points per dollar (effectively 3% back) at Loblaws banner stores including Loblaws, No Frills, Real Canadian Superstore, and Fortinos—where Canadians spend a significant portion of their monthly budget
- Industry-leading drugstore rewards: Cardholders also earn 45 PC Optimum points per dollar (4.5% return) at Shoppers Drug Mart, making it one of the highest earn rates for pharmacy purchases in Canada
- Competitive gas rewards: Earn 30 points per dollar (3% return) at Esso and Mobil stations, helping you save on another major household expense
- Base earn rate of 10 PC Optimum points per dollar (1% return) on all other purchases, ensuring you're always collecting points
- No annual fee despite its premium rewards structure, significantly enhancing its overall value compared to similar premium cards that charge $120-150 annually
- Seamless integration with in-store points offers and PC Optimum Insiders subscription for even greater earning potential
While the card does have an income requirement of $80,000 personal annually, the regular PC® Mastercard® offers a an excellent alternative with slightly lower earn rates but the same fee-free structure for those who don't qualify.
Disclosures:
-
Sponsored advertising. President’s Choice Financial® Mastercard® is provided by President’s Choice Bank. The PC Optimum™ program is provided by President's Choice Services Inc. President’s Choice Bank is not responsible for the contents of this site, including any editorials or reviews that may appear on this site. For complete information regarding the PC® Mastercard®, PC® World Mastercard®, or PC® World Elite Mastercard®, please click on the “Apply Now” or other applicable button.
Best rewards card for Moi
up to 5,000 points^
Welcome Bonus
$309
First Year Value
$269
Annual Value
Welcome Bonus: Get up to 5,000 bonus Moi points (a value of $40^) with the moi RBC Visa credit card. Offer ends January 20, 2027. Expires Jan 20, 2027
Get this card if you...
- frequently shop at Metro stores
- want to earn rewards without paying an annual fee
- value a generous welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%
Purchase
22.99% - 27.99%
Cash Advance
Our Take
The moi RBC® Visa‡ is a no-annual-fee credit card tailored for frequent shoppers at Metro, Jean Coutu, Brunet, and Première Moisson stores, offering accelerated earn rates on purchases at these retailers, as well as on dining, gas, and electric vehicle charging. Cardholders benefit from a welcome bonus, mobile device insurance, and the ability to link with Petro-Canada accounts for additional savings.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
- No yearly fee
- Decent welcome bonus for a free card
- No minimum income required
- Ability to save on gas at Petro Canada when you link it to a Petro Points account
Cons
- Low points earning rate when used anywhere but Metro or its affiliates
- Only available in Ontario, Quebec and New Brunswick
Annual Interest Rates
20.99%
Purchase
22.99% - 27.99%
Cash Advance
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$5
Cash Advance
Rewards moi
2X Moi Points
when you pay with your moi RBC Visa‡ credit card and swipe your Moi program card at participating Metro, Jean Coutu, Brunet and Première Moisson stores*
2X Moi Points
for every $1 spent on dining purchases*
2X Moi Points
for every $1 spent on gas and EV charging purchases*
1X Moi Points
for every $1 spent on all your purchases, everywhere else you shop, including at participating Super C stores*
Insurance Benefits
$1,000
Mobile device insurance amount
Get up to 5,000 bonus Moi points (a value of $40^) with the moi RBC Visa credit card. Here's the breakdown:
Earn 3,000 bonus points on your first purchase
Get 2,000 bonus Moi points when you spend $500 in the first three months on your card
^Terms and Conditions apply. See RBC site for details. Offer ends January 20, 2027.
Our Take
The moi RBC® Visa‡ is a no-annual-fee credit card tailored for frequent shoppers at Metro, Jean Coutu, Brunet, and Première Moisson stores, offering accelerated earn rates on purchases at these retailers, as well as on dining, gas, and electric vehicle charging. Cardholders benefit from a welcome bonus, mobile device insurance, and the ability to link with Petro-Canada accounts for additional savings.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
- No yearly fee
- Decent welcome bonus for a free card
- No minimum income required
- Ability to save on gas at Petro Canada when you link it to a Petro Points account
Cons
- Low points earning rate when used anywhere but Metro or its affiliates
- Only available in Ontario, Quebec and New Brunswick
Annual Interest Rates
20.99%
Purchase
22.99% - 27.99%
Cash Advance
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$5
Cash Advance
Rewards moi
2X Moi Points
when you pay with your moi RBC Visa‡ credit card and swipe your Moi program card at participating Metro, Jean Coutu, Brunet and Première Moisson stores*
2X Moi Points
for every $1 spent on dining purchases*
2X Moi Points
for every $1 spent on gas and EV charging purchases*
1X Moi Points
for every $1 spent on all your purchases, everywhere else you shop, including at participating Super C stores*
Insurance Benefits
$1,000
Mobile device insurance amount
Get up to 5,000 bonus Moi points (a value of $40^) with the moi RBC Visa credit card. Here's the breakdown:
Earn 3,000 bonus points on your first purchase
Get 2,000 bonus Moi points when you spend $500 in the first three months on your card
^Terms and Conditions apply. See RBC site for details. Offer ends January 20, 2027.
- Accelerated everyday earning: Earn 2 Moi points at participating Metro, Jean Coutu, Brunet and Première Moisson stores when you pay with your moi RBC Visa credit card and swipe your Moi program card.
- Enhanced dining rewards: Earn 2 Moi points per dollar on all restaurant and dining purchases, allowing you to double your points when eating out or ordering takeout.
- Competitive gas benefits: Earn 2 Moi points per dollar on all gas and EV charging purchases, helping you save on transportation costs.
- Seamless program integration: Direct linking with the Moi Rewards program, creating a frictionless experience when shopping at participating retailers.
- Additional bonus opportunities: Special promotions when you link your card to your Moi Rewards account and meet minimum purchase requirements at participating stores.
- Petro-Canada partnership: Save 3¢/L instantly on gas and earn 20% more Petro-Points when you link your moi RBC Visa to your Petro-Points card.
- Simons discount benefit: 10% statement credit (up to $30) when shopping at Simons and paying with your moi RBC Visa.
Disclosures:
-
Refer to RBC page for up to date offer terms and conditions.
This post contains affiliate links. Please read disclaimer for more info.Disclaimer: Money.ca may engage in affiliate marketing, which is done by embedding tracking links into Money.ca. If you click on a link for an affiliate partnership, a cookie will be placed on your browser to track any sales for purposes of commissions.
Best rewards credit card for More Rewards
3.8
More Rewards RBC Visa Infinite
3.8
up to 50,000 pts
Welcome Bonus
$241
First Year Value
$166
Annual Value
Get this card if you...
- frequently shop at any of the 700+ partner locations.
- do not want to pay an annual fee but still want to earn rewards for your purchases.
- value insurance coverage for your purchases, including mobile devices.
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
Our Take
The More Rewards RBC Visa Infinite card is a new co-branded credit card launched by RBC in partnership with Pattison Food Group (PFG). Geared toward customers in Western Canada, the no-annual-fee credit card enables cardholders to earn More Rewards points at more than 700 partner stores, including Save-On-Foods and Buy-Low Foods.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- No annual fee (a rarity for a Visa Infinite card)
- Purchase protection and extended warranty
- Mobile Device Insurance
- Earn as much as 3.4% toward travel rewards
- Gasoline discounts at Petro-Canada
Cons
- High minimum income requirement
- No complimentary travel insurance coverage
- Hold little value if you don’t shop at More Rewards partner locations
- Partner stores are only located in Western Canada
- Not available to residents of Quebec
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards
8
points for every $1 spent at over 700 partner locations.
8
points for every $1 spent on gas, EV charging and dining.
4
points for every $1 spent on all other purchases.
Insurance Benefits
$1,000
Mobile device insurance amount
Enjoy up to 50,000 bonus More Rewards points. That’s a value of $75 in groceries!
Earn 30,000 welcome More Rewards points upon your first purchase. Plus, 20,000 bonus More Rewards points when you spend $500 in qualifying purchases in the first 3 months.
Our Take
The More Rewards RBC Visa Infinite card is a new co-branded credit card launched by RBC in partnership with Pattison Food Group (PFG). Geared toward customers in Western Canada, the no-annual-fee credit card enables cardholders to earn More Rewards points at more than 700 partner stores, including Save-On-Foods and Buy-Low Foods.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
- No annual fee (a rarity for a Visa Infinite card)
- Purchase protection and extended warranty
- Mobile Device Insurance
- Earn as much as 3.4% toward travel rewards
- Gasoline discounts at Petro-Canada
Cons
- High minimum income requirement
- No complimentary travel insurance coverage
- Hold little value if you don’t shop at More Rewards partner locations
- Partner stores are only located in Western Canada
- Not available to residents of Quebec
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards
8
points for every $1 spent at over 700 partner locations.
8
points for every $1 spent on gas, EV charging and dining.
4
points for every $1 spent on all other purchases.
Insurance Benefits
$1,000
Mobile device insurance amount
Enjoy up to 50,000 bonus More Rewards points. That’s a value of $75 in groceries!
Earn 30,000 welcome More Rewards points upon your first purchase. Plus, 20,000 bonus More Rewards points when you spend $500 in qualifying purchases in the first 3 months.
- Accelerated earning structure: Earn up to 8 points per $1 spent at over 700 partner locations
- Expanded bonus categories: Earn 8 points per $1 spent on gas, EV charging, and dining, allowing you to rapidly accumulate points no matter where you shop..
- Premium insurance coverage: Comprehensive travel insurance including emergency medical, trip cancellation/interruption, flight delay, and rental car collision coverage—benefits not available on the regular More Rewards card.
- RBC Rewards flexibility: The ability to convert your RBC Rewards points to More Rewards points at an enhanced ratio, effectively giving you two ways to earn within the same program.
- Special program access: Exclusive More Rewards offers and bonus point opportunities only available to Infinite cardholders.
Disclosures:
- Terms & conditions apply
Best rewards card for Tim Hortons
$20 Tims gift card
Welcome Bonus
$290
First Year Value
$270
Annual Value
Get this card if you...
- frequently dine at Tim Hortons
- want to earn rewards on everyday purchases
- want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99% - 26.99%
Purchase
22.99% - 27.99%
Cash Advance
Our Take
The Tims® Mastercard® is a no-annual-fee credit card offered by Tim Hortons in partnership with Neo Financial, designed to reward frequent Tim Hortons customers. Cardholders earn Tims® Rewards Points on everyday purchases, with elevated rates for spending at Tim Hortons locations, groceries, gas, and transit. This card is geared towards Tim Hortons fans looking to earn rewards on routine expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee: No fee for being a card member
- Up to 15x points: Earn 15x points per $1 spent at Tim Hortons and up to 5x elsewhere
- Welcome bonus: Simple, easy to reach $20 value welcome bonus for new accounts
Cons
- Low base earn rate: 0.5x points per $1 spent is a very low base rate
- Limited insurance: The card provides only basic insurance protections
Annual Interest Rates
20.99% - 26.99%
Purchase
22.99% - 27.99%
Cash Advance
Fees
$0
Annual Fee
Rewards Tims Rewards
5
Tims® Rewards Points per CAD $1 spent when you shop for groceries, gas, and transit
1
Tims® Rewards Points per CAD $2 spent when you shop everywhere else
15
Tims® Rewards Points per CAD $1 spent when when you scan for Tims® Rewards
$45
With the Tims Mastercard you can redeem points for up to $45 in statement credit every week.
Get a $20 digital gift card upon first purchase with a new Tims Mastercard.† Offer valid through June 30, 2025.
From May 13, 2025, up to and including June 30, 2025, new customers who apply and are approved for the Tims Mastercard are eligible to receive a $20 CAD Tims Gift Card via email upon their first purchase with their new Tims Mastercard, (the “Welcome Offer”). To receive the Welcome Offer, your first purchase must be made within 30 days of your Tims Mastercard account activation. It can take up to 24 hours from the time of first purchase for the Welcome Offer to be processed and emailed. There is a limit of one Welcome Offer per person, per account, and it cannot be combined with any other offers. This Welcome Offer is subject to the Tims Rewards Terms and Conditions and the Tims Rewards – Tims Mastercard Offer Terms and Conditions.
Our Take
The Tims® Mastercard® is a no-annual-fee credit card offered by Tim Hortons in partnership with Neo Financial, designed to reward frequent Tim Hortons customers. Cardholders earn Tims® Rewards Points on everyday purchases, with elevated rates for spending at Tim Hortons locations, groceries, gas, and transit. This card is geared towards Tim Hortons fans looking to earn rewards on routine expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
- No annual fee: No fee for being a card member
- Up to 15x points: Earn 15x points per $1 spent at Tim Hortons and up to 5x elsewhere
- Welcome bonus: Simple, easy to reach $20 value welcome bonus for new accounts
Cons
- Low base earn rate: 0.5x points per $1 spent is a very low base rate
- Limited insurance: The card provides only basic insurance protections
Annual Interest Rates
20.99% - 26.99%
Purchase
22.99% - 27.99%
Cash Advance
Fees
$0
Annual Fee
Rewards Tims Rewards
5
Tims® Rewards Points per CAD $1 spent when you shop for groceries, gas, and transit
1
Tims® Rewards Points per CAD $2 spent when you shop everywhere else
15
Tims® Rewards Points per CAD $1 spent when when you scan for Tims® Rewards
$45
With the Tims Mastercard you can redeem points for up to $45 in statement credit every week.
Get a $20 digital gift card upon first purchase with a new Tims Mastercard.† Offer valid through June 30, 2025.
From May 13, 2025, up to and including June 30, 2025, new customers who apply and are approved for the Tims Mastercard are eligible to receive a $20 CAD Tims Gift Card via email upon their first purchase with their new Tims Mastercard, (the “Welcome Offer”). To receive the Welcome Offer, your first purchase must be made within 30 days of your Tims Mastercard account activation. It can take up to 24 hours from the time of first purchase for the Welcome Offer to be processed and emailed. There is a limit of one Welcome Offer per person, per account, and it cannot be combined with any other offers. This Welcome Offer is subject to the Tims Rewards Terms and Conditions and the Tims Rewards – Tims Mastercard Offer Terms and Conditions.
- Accelerated Tims Rewards earning: Earn 15 points per $1 at Tim Hortons® restaurants when you scan for Tims® Rewards.
- Automatic Tims status boost: Cardholders receive automatic Tims Rewards Gold Status, unlocking premium benefits like larger sizes on every 7th visit, no expiry on rewards, and exclusive offers.
- Everyday rewards beyond coffee: Earn 5 Tims Rewards points per $1 spent on gas, grocery, and public transit purchases, turning your essential shopping into future coffee and donuts.
- No annual fee: Enjoy all these benefits with no annual fee, maximizing the value of every point earned without any offsetting costs.
- Seamless digital integration: Link directly with the Tim Hortons app for a frictionless ordering experience, allowing you to track points, redeem rewards, and pay all in one place.
- Contactless convenience: Tap-to-pay technology for quick transactions when you're in a hurry for that morning coffee rush.
- Special member promotions: Access to exclusive offers and point multiplier events only available to Tims® Mastercard holders.
Disclosures:
-
Conditions Apply
The Tims® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated. Mastercard and the circles design is a trademark of Mastercard International Inc. Tims Financial is a registered trademark of Tim Hortons Canada.
How do rewards credit cards work?
A rewards credit card is a type of credit card that allows you to earn cash back, travel rewards, or store rewards. The type of rewards you earn depends on the card. In addition, how many rewards you can get depends on the earning rate of the card. Some cards provide you with an increased earning rate on some categories, while others give you a flat rate regardless of where you shop.
Whenever you make an eligible purchase with a rewards credit card, you’ll earn points, miles, or cash back. Typically, non-purchases where you still use your credit card, such as cash advances, gambling sites, casinos, and lottery tickets, wouldn’t earn you any rewards. If you ever need to make a refund, the rewards you earned will be deducted from your account.
Pros and cons of rewards cards
Pros
- Welcome bonuses: Many cards offer substantial sign-up bonuses, giving you a head start on rewards
- Perks: Some cards may come with premium travel perks like lounge access, free bags on flights, insurance or more
- Insurance: Rewards cards may provide ravel insurance coverage (e.g., trip cancellation, medical emergency), purchase protection, mobile device coverage and more
Cons
- Annual fees: Many rewards cards charge annual fees, sometimes $100+ for the very best offers
- Interest rates: Reward credit cards feature higher interest rates vs. non-reward cards, meaning you'll pay more if you carry a balance
- Complexity: Some rewards programs have complicated earning and redemption structures
How do Canada's leading reward programs compare?
Program
Geographic reach
Main benefit
Limitation
National (strongest in ON/QC)
Everyday essentials at excellent value
Limited to Loblaws ecosystem
National
Great for home improvement & outdoor gear
Limited everyday redemption options
More Rewards
Western Canada
Strong grocery value
Limited geographic footprint
- PC Optimum: 0.1¢ per point, minimum 10,000 points ($10) to redeem
- Scene+: 1.0¢ per point, minimum 1,000 points ($10) to redeem
- Triangle Rewards: 0.4¢ per CT Money, can redeem from just 1¢ in CT Money
- More Rewards: 0.4-0.7¢ per point, minimum 2,500 points to redeem
- Moi Rewards: 0.5-1.0¢ per point, minimum 500 points to redeem
How to choose the best rewards credit card for your needs
When trying to choose choose the right card for you, consider your spending patterns. Your card should allow you to earn points when buying the items you would be purchasing anyway. For example, if you are a frequent traveller, then a hotel rewards card that earns extra points on hotel stays would be a smart choice. A large family would do best with a rewards card that earns points at the grocery store they shop at most frequently, while anyone who covers a lot of miles would benefit from a card that gives good rewards on gas.
| Consideration | Explenation |
|---|---|
| Assess Your Spending Habits |
• Track your monthly expenses across categories (e.g., groceries, gas, dining)
• Identify where you spend the most to maximize potential rewards • Consider seasonal spending patterns (e.g., holiday shopping, summer travel) |
| Define Your Rewards Goals |
• Determine if you prefer cash back, travel points, or merchandise rewards
• For travel rewards, decide between flexible points or airline/hotel specific programs • Consider if you want to focus on everyday rewards or save for big redemptions |
| Evaluate the Earn Rate |
• Look for cards offering higher earn rates in your top spending categories
• Compare base earn rates for non-bonus category spending • Consider cards with multipliers or accelerators for specific merchants |
| Analyze the Annual Fee |
• Weigh the annual fee against potential rewards and benefits
• Calculate if your spending and rewards will offset the fee • Consider no-fee options for lower spenders or as secondary cards |
| Assess the Welcome Bonus |
• Compare sign-up bonuses across different cards
• Ensure you can meet the minimum spend requirement within the timeframe • Calculate the value of the bonus relative to your regular spending |
| Consider Additional Perks |
• Look for travel insurance coverage (e.g., trip cancellation, medical)
• Evaluate purchase protection and extended warranty benefits • Consider lifestyle perks like airport lounge access or concierge services |
| Check Redemption Flexibility |
• Understand the redemption options available (e.g., statement credits, travel bookings)
• Look for cards with no blackout dates or seat restrictions for travel redemptions • Consider if points can be transferred to other loyalty programs |
| Evaluate Point Values |
• Research the average value per point across different redemption options
• Consider cards with points that maintain consistent value regardless of redemption choice • Look for opportunities to maximize point values through promotions or transfers |
| Consider Your Credit Score |
• Check if you meet the card’s credit score requirements
• Look for pre-approval options to avoid hard credit checks • Consider secured or entry-level rewards cards if building credit |
| Review Foreign Transaction Fees |
• For frequent travelers, prioritize cards with no foreign transaction fees
• Calculate potential savings on international purchases • Consider pairing a no-FX fee card with a high-earning domestic card |
| Assess Ease of Use |
• Look for user-friendly online interfaces and mobile apps
• Consider if the card integrates with your preferred budgeting tools • Evaluate customer service options and reputation |
Should you get a rewards credit card?
If you always pay your bills on time and in full, then rewards credit cards are always worth it. You’re essentially being rewarded for spending. Plus, many rewards credit cards come with additional benefits, such as travel insurance, airport lounge access, and extended warranty, that could help you save.
When comparing rewards cards, make sure to consider how much value it will really deliver to your budget. Where and how you spend your money is the biggest determining factor, not flashy welcome bonuses or premium perks that sound impressive but don't match your lifestyle.
Rewards credit card FAQs
Sources
Cory Santos
Senior Reporter
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, BlogTO, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk. He's also the creator and author of the annual Money.ca Credit Card Awards.
Barry Choi
Contributor
Barry Choi is a Toronto-based personal finance and travel expert who makes frequent media appearances. When he's not educating people on how to be smarter with money, he's earning and burning miles and points for luxury travel.
Best credit cards
Credit card reviews
Latest Articles
Disclaimer
The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.
†Terms and Conditions apply.