Canada’s Best Credit Cards for June 2025

When I think of the Scotiabank Passport Visa Infinite Card, the image of a Swiss Army knife springs to mind. As one of the more well-rounded mid-tier travel cards on the market, it can do a little bit of just about everything you’d want a travel card to do. Accelerated, flexible rewards points? Check. Travel insurance? Check. Free airport lounge access? Check.

Toss in some car rental discounts and waived FX fees, and I can’t find much to criticize. Sure, it costs $150 annually, but for the savvy cardholder, the Scotiabank Passport Visa Infinite Card’s cost is easily outweighed by perks.

Think of the SimplyCash Preferred Card from American Express as a no-nonsense cash-back powerhouse, offering a meaty 4% back on groceries and gas, plus 2% on everything else — the highest base rate among the cards we evaluate. For everyday spenders, this card cuts through the complexity that plagues many rewards programs. There are no points to calculate, no redemption charts to decipher. Just cold, hard cash back in your pocket. Plus, comprehensive travel insurance and mobile device coverage are thrown in for added protection and peace of mind.

The $9.99 monthly fee shakes out to about $120 annually, so cardholders will need to spend strategically to get their money’s worth in cash back and perks. Still, if groceries and gas make up a big chunk of your monthly budget, the SimplyCash Preferred Card from American Express may be worth a look.

Looking for a rewards card that earns big on everyday spending and offers flexible redemption options without the premium price tag? If so, the American Express Cobalt Card is worth a look. Cardholders can earn between 1 and 5 Membership Rewards points on dining, groceries, streaming services, gas and transit. Plus, enjoy perks like mobile device coverage, exclusive hotel benefits and slew of complimentary travel insurances.

Membership Rewards points are highly flexible — transfer them to other loyalty programs like Aeroplan or Avios, or redeem for statement credits, gift cards, merchandise, travel bookings and more.

The top earn rate (5x on eats and drinks) is capped, but at a generous $2,500 monthly limit. And, the card fee ($12.99 per month) is a fairly reasonable trade-off for the perks offered.

The Scotiabank Red American Express Card proves that ‘no annual fee’ doesn’t mean ‘no perks.’ It earns its spot as our best no-fee card by offering up to 3 Scene+ points per $1 spent and an array of valuable benefits, including mobile device protection, American Express Experiences, and car rental discounts.

Sure, you won’t find all the bells and whistles higher-tier cards often boast (think, airport perks and travel coverage), but it still packs in plenty of brag-worthy benefits for budget-conscious rewards seekers.

Those grappling with high-interest credit card debt would be hard-pressed to outdo the deeply discounted rates of the Scotiabank Value Visa. Its 0% introductory rate on balance transfers (with a modest 1% transfer fee) provides 10 months of interest-free runway to gain the debt-repayment momentum needed to lift your balance. Even after the promo period ends, this card’s 13.99% interest rate sits well below the industry standard of 20%.

Just make sure you understand the fine print before boarding: you can’t transfer balances from other Scotiabank accounts, and the promo rate won’t last forever.

For businesses on the move, the CIBC Aeroplan Visa Business Card turns everyday expenses into tangible travel rewards. Businesses can rack up to 2x Aeroplan points per dollar spent while enjoying perks like free checked bags on Air Canada flights, Maple Leaf Lounge passes, complimentary vehicle rental upgrades and more — all with a low interest rate on purchases (12.99%).

I’ll concede that Aeroplan points lack the everyday practicality of cash back, but their impressive redemption value makes this card a smart choice for businesses that travel and want to make their next mid-week trip a little smoother. And, while this mid-tier business card lacks travel medical coverage, it still boasts solid insurance essentials, like trip interruption and car rental protection.

This card’s student-oriented perks start with its rewards structure: up to 2% cash back on everyday purchases, which you can redeem whenever you want. The card also comes with valuable insurance coverage and gas discounts. A 12-month Skip+ trial is available, alongside a free SPC+ membership, which offers substantial discounts on in-store and online shopping.

This card’s highest earn rate of 2% is limited to grocery spending, which could be a buzzkill for those seeking more competitive rates in other spending categories, like transit or entertainment. Still, the CIBC Dividend Visa Card for Students remains a strong competitor among student-oriented cards — especially for those who value practical perks and cash back flexibility.

The Wealthsimple Card is fairly unique as far as prepaid cards are concerned. The card lets you spend directly from your Wealthsimple Cash account — like a debit card — while earning 1% cash back on purchases — like a credit card. Rewards can be received as cash, stocks, or even cryptocurrencies.

The card also waives foreign transaction fees, making it an especially attractive option for international purchases. The downside? Prepaid cards won’t help build your credit history. But those seeking a versatile and fee-friendly Mastercard should keep an eye out for this Wealthsimple offering.