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The New Way to Shop for a Credit Card

Looking for a new credit card? You’ve come to the right place. Whether it’s travel rewards, balance transfers, cash back, or whatever else you want in a card, at LowestRates.ca, you’ll be able to find the perfect piece of plastic in seconds! Our comparison tools let you compare offers from Canada’s leading credit card providers, so you’ll always know you’re getting the right card for your unique needs.

The Best Credit Cards

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Scotiabank Value® VISA

Save hundreds of dollars a year

0.99% interest rate on cash advances and balance transfers for the first six months for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
11.99% after 6 months 11.99% after 6 months
11.99 % 0.99 % 0.99 % $ 29 Good

Benefits:

  • This card is for: Mass market, working adults, who carry balances on cards
  • Low 11.99% interest rate
  • Interest free grace period of at least 21 days on purchases

Added Benefits:

  • Save hundreds of dollars a year
  • Pay down balances faster
  • Simplify your monthly payments
  • 20% AVIS rental car discount

SimplyCash™ Card from American Express®

Earn 5% cash back on all eligible purchases at gas stations, grocery stores and restaurants in Canada (up to $250 cash back) for the first 6 months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.75 % N/A 21.99 % $ 0 Good

Benefits:

  • Earn 1.25% cash back on all other purchases and when your Welcome Rate ends
  • No limit to the amount of cash back you can earn
  • No annual fee for Supplementary Cards
  • Access to memorable experiences with American Express Invites®
  • Insurance coverage and 24/7 Customer Service
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

Get a FREE $75 Gift Card Upon Approval! Apply Now!

Scotia Momentum VISA Infinite

Maximum cash back on everyday spending

$99 annual fee is waived for the first year for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
$99 after the first year
19.99 % 21.99 % 21.99 % $ 0 Excellent

Benefits:

Added Benefits:

  • VISA Infinite Complimentary Concierge Service - available 24/7
  • Access to VISA Infinite Luxury Hotel Collection
  • VISA Infinite Dining Series - Unique dining experiences in some of Canada's top restaurants
  • Special access to unique offers and experiences
  • Rental car collision insurance
  • Purchase security and extended warranty protection

Get a FREE $50 Gift Card Upon Approval! Apply Now!

No-Fee Scotiabank Value® VISA

Save hundreds of dollars a year

3.99% interest rate on cash advances and balance transfers for the first six months for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
16.99% after 6 months 16.99% after 6 months
16.99 % 3.99 % 3.99 % $ 0 Good

Benefits:

  • This card is for: Mass market, working adults, carry balances on cards
  • 16.99% interest rate
  • Interest free grace period of at least 21 days on purchases

Added Benefits:

  • Save hundreds of dollars a year
  • Pay down balances faster
  • Simplify your monthly payments
  • 20% AVIS rental car discount
  • VISA Perks - exclusive VISA card holder discounts available at many popular merchants. Visit visaperks.ca to learn more

Get a FREE $50 Gift Card Upon Approval! Apply Now!

SCENE® VISA

Free movies and more

4,000 bonus SCENE points (equivalent to 4 free movies) for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 0 Good

Benefits:

  • This card is for: Mass market, working adults and students, skews younger, 18-35 yrs, attractive for students
  • 4,000 bonus SCENE points - that's four free movies
  • Earn one SCENE point for every dollar you spend
  • Earn five SCENE points for every dollar you spend at participating Cineplex Entertainment theatre or online at cineplex.com

Added Benefits:

  • Redeem points for free movies at Cineplex Entertainment theatres, music and other entertainment rewards
  • No annual fee
  • 20% AVIS rental car discount
  • VISA Perks - exclusive VISA card holder discounts available at many popular merchants. Visit visaperks.ca to learn more.

Get a FREE $50 Gift Card Upon Approval! Apply Now!

Capital One® Aspire Travel™ World MasterCard®

Get 35,000 bonus reward miles with your first purchase – a value of up to $350.

Earn 2 reward miles for every $1 – on all purchases.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
Prime + 16.8 % Prime + 16.8 % Prime + 16.8 % $ 120 Excellent

Benefits:

  • Earn more reward miles — on everything you buy!
  • Get 10,000 anniversary bonus reward miles every year
  • Please Note: A requirement of this card is a minimum personal income of $60,000 or household income of $100,000
  • Redeem for travel, cash, merchandise and gift cards
  • World MasterCard benefits, including Travel Emergency Medical Insurance and Trip Cancellation Insurance
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • World MasterCard Travel Benefits
    • Travel Emergency Medical
    • Trip Cancellation
    • Trip Interruption
    • Flight Delay
    • Baggage Loss
    • Baggage Delay
    • Travel Accident Insurance
    • MasterAssist™ Travel Assistance
    • Car Rental Collision/Loss Damage Waiver
  • World MasterCard Everyday Benefits
    • Price Protection
    • Extended Warranty
    • Purchase Assurance
    • Concierge Services
  • MasterCard Benefits
    • MasterCard Global Service™
    • Zero Liability

Get a FREE $50 Gift Card Upon Approval! Apply Now!

Capital One® Aspire Travel™ Platinum MasterCard®

Get 5,000 bonus reward miles with your first purchase.

Earn 1 reward mile for every $1 spent – on all purchases.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
Prime + 16.8 % Prime + 16.8 % Prime + 16.8 % $ 0 Good

Benefits:

  • Earn reward miles – with no annual fee!
  • Get 25% extra reward miles every year
  • Annual interest rate of Prime +16.8%
  • Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • Platinum Travel Benefits
    • Baggage Delay
    • Travel Accident Insurance
    • MasterAssist™ Travel Assistance
    • Car Rental Collision/Loss Damage Waiver
  • Platinum Everyday Benefits
    • Price Protection
    • Extended Warranty
    • Purchase Assurance
  • MasterCard Benefits
    • Zero Liability
    • MasterCard Global Service™

Get a FREE $50 Gift Card Upon Approval! Apply Now!

Capital One® Aspire Cash™ Platinum MasterCard®

No limit to the amount of cash you can earn.

Earn 1% cash rewards on all net purchases.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
Prime + 16.8 % Prime + 16.8 % Prime + 16.8 % $ 0 Good

Benefits:

  • Earn cash rewards and pay no annual fee!
  • Annual interest rate of Prime +16.8%
  • Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • Platinum Travel Benefits
    • Baggage Delay
    • Travel Accident Insurance
    • MasterAssist™ Travel Assistance
    • Car Rental Collision/Loss Damage Waiver
  • Platinum Everyday Benefits
    • Price Protection
    • Extended Warranty
    • Purchase Assurance
  • MasterCard Benefits
    • Zero Liability
    • MasterCard Global Service™

SimplyCash™ Preferred Card from American Express®

Earn 5% cash back on purchases for the first 6 months of Cardmembership (up to $400 cash back)

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.75 % N/A 21.99 % $ 79 Good

Benefits:

  • Earn 1.5% cash back when your Welcome Rate ends (up to $100,000 annually) and 1.25% after
  • No limit to the amount of cash back you can earn
  • No annual fee for Supplementary Cards
  • Access to memorable experiences with American Express Invites®
  • Extensive insurance coverage and 24/7 Customer Service
  • Insurance coverage and 24/7 Customer Service
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice.
  • Conditions apply

American Express® Gold Rewards Card

Earn a Welcome Bonus of 25,000 Membership Rewards® points - our HIGHEST Gold Rewards Card offer - just by making $500 in purchases in the first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
$150 after the first year
30.00 % N/A N/A $ 0 Excellent

Benefits:

  • Earn a Welcome Bonus of 25,000 Membership Rewards® points - our HIGHEST Gold Rewards Card offer - just by making $500 in purchases in the first three months of Cardmembership.
  • That's enough for a round trip flight to almost anywhere in North America
  • Transfer your points to frequent flyer programs, or 1:1 to Aeroplan®* and Avios
  • Earn 2 points for every $1 on eligible travel and everyday purchases
  • Charge any travel to your Card then pay for it with points
  • 1 Free Supplementary Gold Rewards Card (a $50 value*) to help you earn points faster
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • *As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • Conditions apply

Blue Sky® Credit Card

Earn 10,000 Blue Sky® Points after you charge $500 in purchases to your Card in your first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % N/A N/A $ 0 Good

Benefits:

  • Earn 10,000 Blue Sky® Points after you charge $500 in purchases to your Card in your first three months of Cardmembership
  • Earn 1.25 Blue Sky Points for every $1 in purchases charged to the Card
  • You can start redeeming with as little as 10,000 points towards any travel purchase charged to your Card
  • Enjoy the convenience of no blackout dates, no advance purchase requirements, no seat restrictions and no travel restrictions.
  • $100,000 Travel Accident Insurance
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions Apply.

American Express® AeroplanPlus®* Gold Card

Earn 25,000 Bonus Aeroplan®* Miles after you spend $500 in your first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
30.00 % N/A N/A $ 120 Excellent

Benefits:

  • Earn 1 Aeroplan Mile for every $1 in Card purchases up to $10,000
  • Accelerate your earn rate to 1.25 Aeroplan Miles for every additional $1 in Card purchases over $10,000 annually
  • Earn Aeroplan Miles faster with two free Supplementary Cards – a $100 value ($50 for each additional Supplementary Card*)
  • Travel to more than 1,000 destinations in more than 175 countries worldwide with Air Canada and Star Alliance Member Airlines™**
  • In addition to flights, you can also redeem for hotel stays, car rentals, vacation packages, experiential rewards, merchandise and more
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice.
  • * As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • Conditions apply

American Express® AeroplanPlus®* Platinum Card

Earn 40,000 Bonus Aeroplan®* Miles after you spend $1,000 in your first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
30.00 % N/A N/A $ 499 Excellent

Benefits:

  • Earn 1.25 miles for every dollar in purchases you charge to the Card, up to $25,000
  • Accelerate your earn rate to 1.5 miles for every dollar in purchases over $25,000 annually
  • Enjoy a 2-for-1 short-haul flight reward when you redeem 15,000 Aeroplan Miles, with the Partner Ticket benefit
  • Access to Air Canada Maple Leaf™ Lounges & Arrivals Lounges
  • $199 annually for AeroplanPlus Supplementary Platinum Cards; $50 annually for AeroplanPlus Supplementary Gold cards*
  • Breeze through airports lines with Air Canada Priority Check-in
  • Avoid the line-ups at security by accessing the Pearson Priority Security Lane located at the departure level of Terminal at Toronto Pearson International Airport during peak airport operating hours
  • Let yourself be spoiled with access to the Fairmont President's Platinum Club membership when you enroll and stay any 5 nights in the same calendar year – enjoy one complimentary night, room upgrades and $100 USD in Fairmont dining certificates and more
  • Relax in over 600 lounges worldwide, including Air Canada Maple Leaf™* Lounge access in airports across Canada, in London and in Paris, and around the globe with Complimentary Priority Pass Membership
  • Go confidently with coverage that's as broad as your horizons, including Car Rental Theft and Damage Insurance, Emergency Medical Insurance (out of province/country), and much more.
  • *As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

American Express® AeroplanPlus®* Card

Earn 5,000 Bonus Aeroplan®* Miles after your first use of an approved Card

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
$60 after the first year
30.00 % N/A N/A $ 0 Good

Benefits:

  • Earn 1 Aeroplan Mile for every $1 in Card purchases
  • Earn Aeroplan Miles twice at over 150 Aeroplan Partners
  • Supplementary AeroplanPlus Cards are FREE for the first year, $20 each annually thereafter
  • No annual fee for the first year. A value of $60
  • Travel to more than 1,000 destinations in more than 180 countries worldwide with Air Canada and Star Alliance Member Airlines™**
  • In addition to flights, you can also redeem for hotel stays, car rentals, vacation packages, experiential rewards, merchandise and more
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • * As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • Conditions apply

The American Express® AIR MILES®* Platinum Credit Card

Earn a bonus of 1,500 AIR MILES®* reward miles when you charge a total of $500 in purchases to your Card within your first three months of Cardmembership.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
*provided you make your minimum
monthly payments on time
*provided you make your minimum
monthly payments on time
$65 after the first year
19.99 % 21.99 % * 21.99 % * $ 0 Excellent

Benefits:

  • Enjoy your first year free
  • Earn 1 reward mile for every $10 in Card purchases at AIR MILES®* Sponsors
  • Earn 1 reward mile for every $10 in Card purchases at other eligible grocery stores, gas stations, and drugstores in Canada
  • Plus, earn 1 reward mile for every $15 in Card purchases everywhere else
  • Shop at participating AIR MILES Sponsors across Canada with your Card and show your AIR MILES®* Collector Card, and you can earn reward miles twice
  • More than 1000 rewards to choose from! Redeem for a wide range of rewards - everything from movie tickets to electronics, travel and more
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

The American Express® AIR MILES®* Credit Card

Earn a bonus of 500 AIR MILES®* reward miles the first time you use an approved Card

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99% after first 12 months *provided you make your minimum
monthly payments on time
*provided you make your minimum
monthly payments on time
2.99 % 21.99 % * 21.99 % * $ 0 Good

Benefits:

  • Earn 1 reward mile for every $15 in Card purchases at AIR MILES®* Sponsors
  • Earn 1 reward mile for every $20 in purchases you charge to the Card everywhere else
  • Shop at participating AIR MILES®* Sponsors across Canada with your American Express® AIR MILES®* Credit Card and your AIR MILES®* Collector Card, and you can earn reward miles twice
  • More than 1000 rewards to choose from! Redeem for a wide range of rewards - everything from movie tickets to electronics, travel and more
  • Special interest rate on purchases: 2.99% special interest rate on purchases for the first 12 months of Cardmembership, 19.99% thereafter, 21.99% on funds advances, provided you make your minimum monthly payments on time
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

Get a FREE $75 Gift Card Upon Approval! Apply Now!

Scotiabank®* Gold American Express® Card

Earn travel rewards up to 4x faster

30,000 Scotia Rewards bonus points with first purchase - worth $300 in travel. For accounts opened by October 31, 2014.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 99 Excellent

Benefits:

  • Earn 4x Scotia Rewards points for every $1 you spend at gas stations, grocery stores, on dining and entertainment
  • Earn one point on all other eligible purchases
  • Supplementary card holder fee = $30

Added Benefits:

  • Extraordinary travel benefits
  • Flexible Point Redemption
  • Comprehensive travel insurance
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase
  • Receive discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages.
  • Complimentary Concierge Services
  • Low price airfare alerts
  • Access to Priority Pass Lounges worldwide
  • Receive up to 25% off qualifying car rentals
  • Travel emergency medical coverage is automatically provided for eligible persons for up to 25 consecutive days
  • Redeem points for merchandise and other rewards

Get a FREE $50 Gift Card Upon Approval! Apply Now!

Scotia Momentum No-Fee VISA

Cash back on everyday spending

7.99% introductory rate on purchases for the first 6 months for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99% after 6 months
7.99 % 21.99 % 21.99 % $ 0 Good

Benefits:

  • This card is for: Mass market, working adults
  • 1% on eligible gas station, grocery store and drug store purchases and recurring bills
  • 0.5% cash back on all other eligible purchases

Added Benefits:

  • 20% AVIS rental car discount

The Platinum Card ®

Earn 50,000 Bonus Membership Rewards® points by spending $1,000 in purchases in the first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
30.00 % N/A N/A $ 699 Excellent

Benefits:

  • Earn 50,000 Bonus Membership Rewards® points by spending $1,000 in purchases in the first three months of Cardmembership
  • Platinum members are automatically enrolled in the Membership Rewards First™ Tier and earn 1.25 points for every dollar in purchases charged to the Card
  • The Platinum Card gives you access to exceptional lounge benefits such as the Canadian Platinum Lounge Benefit, Airport Club Program and access to the Cathay Pacific Business Class lounges and oneworld® alliance airlines Business Class lounges.
  • You will also have access to elevated status with many Hotel & Car Rental loyalty programs, $200 Annual Travel Credit for Travel Bookings through Platinum Card Travel Service, lodging benefits at a collection of over 700 Fine Hotels & Resorts around the world, access to special events and unique opportunities and a dedicated concierge team
  • *As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

American Express® Business Gold Rewards Card

Earn a Welcome Bonus of 30,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership. That's enough to redeem for a $300 TripFlex™ rewards statement credit to use towards eligible travel purchases charged to your Card.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
$250 after the first year, which
may be a tax deductible expense
30.00 % N/A N/A $ 0 Excellent

Benefits:

  • Earn 1 Membership Rewards point for every dollar in eligible purchases charged to the Card
  • Earn 1 extra point for every dollar in eligible purchases made with merchants you pick from a select group of American Express merchants in Canada. You can earn up to a maximum of 250,000 extra points in each calendar year
  • Redeem points for statement credits on eligible business purchases charged to your Card at certain American Express merchants in Canada. These merchants provide goods and services in business categories such as equipment, technology, advertising and everyday business expenses
  • Enjoy the freedom of being able to transfer your points, at no charge, to many frequent flyer and other loyalty programs including 1:1 to Aeroplan®* and Avios.
  • Go online to access the paperless Expense Management Reports delivered quarterly and annually, for flexible tracking and simple tax preparation
  • Maximize your cash flow with up to 55 interest free days, so that money can come in before it goes out.
  • *As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

The Starwood Preferred Guest®* Credit Card from American Express

Earn 10,000 bonus Starpoints® after you charge $500 in purchases to your Card in your first three months of Cardmembership

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
*provided you make your minimum
monthly payments on time
*provided you make your minimum
monthly payments on time
19.99 % 21.99 % * 21.99 % * $ 120 Excellent

Benefits:

  • Earn 10,000 bonus Starpoints® after you charge $500 in purchases to your Card in your first three months of Cardmembership
  • Earn 1 Starpoint for every $1 in purchases charged to the Card
  • Enjoy a Free Weekend Night Award when you reach $40,000 in purchases each year
  • Experience Starwood Gold Preferred Guest status when you reach $30,000 in purchases each year
  • Redeem Starpoints for Free Nights with no blackout dates at over 1,100 of the world's most desired hotels in nearly 100 countries
  • Use Starpoints for flights on over 350 airlines with no blackout dates with SPG Flights
  • Experience once-in-a-lifetime events with SPG Moments
  • Get Front Of The Line®* access to tickets for some of the most popular concerts, theatre and special events
  • Annual interest rate 19.99% on purchases and 21.99% on funds advances
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.
  • Conditions apply

Get a FREE $75 Gift Card Upon Approval! Apply Now!

ScotiaHockey™ NHL® VISA

Choose your favourite team card

3,000 bonus ScotiaHockey Rewards points for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 29 Good

Benefits:

  • This card is for: Hockey enthusiasts, skews a little younger, 18-40yrs
  • 3,000 bonus ScotiaHockey Rewards points
  • Earn one ScotiaHockey Rewards point for every dollar you spend on the card
  • Earn five points for every dollar you spend at SportChek and sportchek.ca
  • Supplementary card holder fee = $15

Added Benefits:

  • Redeem points for high end NHL or brand name merchandise, NHL game tickets, VIP NHL event experiences and more
  • Save 20% off purchases at the NHL's official online store shop.canada.NHL.com
  • 20% AVIS rental car discount
  • VISA Perks - exclusive VISA card holder discounts available at many popular merchants. Visit visaperks.ca to learn more

Get a FREE $75 Gift Card Upon Approval! Apply Now!

Scotia Momentum VISA

Cash back on everyday spending

1.99% interest rate on cash advances and balance transfers for the first six months for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
21.99% after 6 months 21.99% after 6 months
19.99 % 1.99 % 1.99 % $ 39 Good

Benefits:

  • This card is for: Mass market, working adults
  • 2% on eligible gas station, grocery store and drug store purchases and recurring bills
  • 1% cash back on all other eligible purchases
  • Supplementary card holder fee = $15

Added Benefits:

  • Purchase security and extended warranty protection
  • 20% AVIS rental car discount

Get a FREE $50 Gift Card Upon Approval! Apply Now!

L’earn® VISA

Accelerated Moneyback reward program designed with students in mind

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 0 Good

Benefits:

  • This card is for: Students only, 18-25yrs
  • Earn up to 1% Moneyback every year on the purchases you've made with your card

Added Benefits:

  • 20% discount rates at Avis Car Rental
  • VISA Perks - exclusive VISA card holder discounts available at many popular merchants. Visit visaperks.ca to learn more

Get a FREE $75 Gift Card Upon Approval! Apply Now!

ScotiaGold Passport® VISA

Travel anywhere, at any time of the year with no restrictions

5,000 bonus Scotia Rewards points with first purchase for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 110 Good

Benefits:

  • This card is for: More affluent, established, skews older 45yrs+
  • Earn one Scotia Rewards 1 point for every $1 you spend
  • 5% cash back on travel purchased through Scotia Rewards
  • Supplementary card holder fee = $30

Added Benefits:

  • Travel anywhere, at any time of the year with no restrictions
  • Comprehensive travel protection and insurance
  • Book online or by phone
  • Concierge Service
  • Merchandise, gift card and other rewards available

Get a FREE $75 Gift Card Upon Approval! Apply Now!

Scotiabank®* American Express® Card

Earn travel rewards up to 2x faster

5,000 Scotia Rewards bonus points with first purchase. Worth $50 in travel for accounts opened by October 31, 2014

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 39 Good

Benefits:

  • Earn 2x Scotia Rewards points for every $1 you spend at gas stations, grocery stores, on dining and entertainment
  • Earn one point on all other eligible purchases
  • Supplementary card holder fee = $15

Added Benefits:

  • Extraordinary travel benefits
  • Flexible Point Redemption
  • Comprehensive travel insurance
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase.
  • Receive discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages.
  • Receive up to 25% off qualifying car rentals
  • Travel emergency medical coverage is automatically provided for eligible persons for up to 8 consecutive days
  • Redeem points for merchandise and other rewards

Capital One® Low Rate Guaranteed MasterCard®

May help you strengthen your credit history.

Low annual interest rate of 14.9% on purchases and balance transfers.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
14.9 % 14.9 % 19.8 % $ 79 Credit Needs Improvement

Benefits:

  • Annual interest rate for cash advances is 19.8%
  • Security funds may be required
  • Valuable MasterCard benefits, including Zero Liability
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • Standard MasterCard Benefits
    • Zero Liability
    • MasterCard Global Service™

Capital One® Guaranteed MasterCard®

May help you strengthen your credit history.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.8 % 19.8 % 19.8 % $ 59 Credit Needs Improvement

Benefits:

  • 24/7 customer service online or by phone
  • Security funds may be required
  • Valuable MasterCard benefits, including Zero Liability
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • Standard MasterCard Benefits
    • Zero Liability
    • MasterCard Global Service™

Capital One® Guaranteed Secured MasterCard®

Guaranteed access to credit.

May help you establish or re-establish your credit history.

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.8 % 19.8 % 19.8 % $ 59 No Credit History

Benefits:

  • Security funds required
  • MasterCard benefits, including Zero Liability
  • Add an authorized user for $0
  • MasterCard PayPass

Added Benefits:

  • Standard MasterCard Benefits
    • Zero Liability
    • MasterCard Global Service™

Home Trust Secured No-Fee VISA

Your credit limit is set at the amount of the deposit. Put down as little as $500, or as much as $10,000

No annual fee required. Simply put down a deposit and start using your card!

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % N/A 19.99 % $ 0 No Credit History

Benefits:

  • Excellent opportunity to establish your credit rating
  • Your credit limit is set at the amount of your security deposit
  • Great for those who pay their bills on time and in full

Added Benefits:

  • Get all the benefits of VISA while re-building your credit:
    • Make purchases over the phone or online
    • Plan and book a vacation
    • Access cash anytime anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo
    • Shop at over 24 million locations worldwide

Get a FREE $50 Gift Card Upon Approval! Apply Now!

Scotiabank® Rewards VISA

Earn travel rewards with no annual fee

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 0 Good

Benefits:

  • Earn 1 Scotia Rewards points for every $2 you spend

Added Benefits:

  • Extraordinary travel benefits
  • Flexible Point Redemption
  • Use your points to purchase travel online or over the phone through our full-service travel agency. Or book your own travel using your card and go online to redeem points for the purchase.
  • Receive discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages.
  • Receive up to 25% off qualifying car rentals
  • Redeem points for merchandise and other rewards

Home Trust Secured VISA

Your credit limit is set at the amount of the deposit. Put down as little as $500, or as much as $10,000

Simply put down a deposit and start using your card!

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
or $5/month
14.90 % N/A 19.80 % $ 59 No Credit History

Benefits:

  • Excellent opportunity to establish your credit rating
  • Your credit limit is set at the amount of your security deposit

Added Benefits:

  • Get all the benefits of VISA while re-building your credit:
    • Make purchases over the phone or online
    • Plan and book a vacation
    • Access cash anytime anywhere from over 1 million ATMs around the world displaying the Visa or Plus logo
    • Shop at over 24 million locations worldwide

Get a FREE $50 Gift Card Upon Approval! Apply Now!

No-Fee ScotiaGold® VISA

Essential travel benefits with no annual fee

Interest Rate Balance Transfer Rate Cash Advance Rate Annual Fee Credit Needed
19.99 % 21.99 % 21.99 % $ 0 Good

Benefits:

  • This card is for: Mass market

Added Benefits:

  • Rental Car Collision Insurance
  • 20% Avis rental car discount
  • Commission-free Travellers Cheques
  • VISA Perks - exclusive VISA card holder discounts available at many popular merchants. Visit visaperks.ca to learn more

Sorry, no cards matched your search criteria! Please adjust your search and try again. Please contact us at info@lowestrates.com and we can help you find a credit card for your unique needs.

How does a Credit Card work?

When you open up a credit card account, your credit card provider extends a line of credit to you so that you can make purchases with your new card. Every time you buy something using the card, you’ll effectively be spending money borrowed from your credit card provider.

As the cardholder, you in-turn agree to repay those funds within a set amount of time, and to abide by the terms and conditions set out in your card’s contract, which include items like the amount of interest you’ll pay, late fees and surcharges, cash-advance limits, etc.

Once a month, your credit card company will send you a bill outlining all of the accumulated purchases you’ve made with your credit card, the minimum amount you have to pay, and the due date for your payment. You can opt to pay a portion of the bill or the full amount. As long as you pay the bill in full by the due date, you won’t be charged interest on the balance. Any balance that you carry over into the next billing period will be subject to interest charges.

One of the great things about owning a credit card is that the activity on your account will be reported to the various credit bureaus in Canada, which can boost your credit score over time if you use your card responsibly.

Who Should Get a Credit Card?

As more and more commerce moves online or goes high tech, credit cards are becoming a necessity rather than a convenience. Whether it’s booking an airline ticket, paying for parking or shopping on your favourite store’s website, credit cards are often the only way to complete a transaction. That means most working adults should have at least one credit card – provided they are able to use it responsibly.

Despite the conveniences credit cards offer, they are still not for everyone. If you have trouble controlling your spending or keeping track of your bills, then a credit card could quickly ruin your finances. Too many Canadians find themselves mired in high interest rate credit card debt because they didn’t use their card responsibly.

Where can I find the right Credit Card?

When it comes to credit cards, online comparison websites like LowestRates.ca really do serve consumers best. That’s because they offer powerful comparison tools that allow you to search cards by the criteria that matter to you most, whether it’s rewards, annual fees, interest rates, or even the credit score you’ll need to be approved.

And, unlike bank websites, comparison sites let you compare offers from all of the major credit card providers in Canada rather than just one company. You’ll be able to see how the best cards from retail banking giants like Scotiabank compare to the offerings from specialized providers like American Express, Capital One and MBNA.

With a high quality comparison website, you can view all of the best offerings in whatever credit card category you’re interested in, side by side, head to head! Once you’ve decided which card you want, simply click the “get card” or “apply now” button and the site will direct you to a secure application page.

What are the key benefits of a Credit Card?

Using a credit card brings a variety of great benefits, including:

Convenience. What’s easier than swiping plastic? The days of carrying around wads of cash or a crinkly old check book are long gone – credit cards are accepted by millions of vendors worldwide and are often the only way to make a transaction online.

Cash Flow Management. Because credit cards allow you to borrow money, you can use them to pay bills or make purchases even if you don’t have the cash immediately on hand.

Fraud Protection. Credit card providers act as a middleman between the cardholder and the merchant. That means charges on your card can be reversed or put on hold if someone tries to defraud you or provides faulty goods.

Cool Features, Perks and Rewards Benefits. Many credit cards offer perks and rewards just for using them, whether it’s around the clock fraud protection, travel points, cash back, or special access to concerts and sporting events – it just depends on the type of card you choose!

Credit Building. Responsible credit card use helps establish and improve your credit score over time.

Expense Monitoring. Credit cards offer a great way to keep track of your monthly expenses and monitor your spending. Many cards itemize your purchases by category so that you can see exactly where your money goes each month.

Cheap to Use (in the right hands) As long as you pay your credit card bills on time and in full, you won’t be charged interest or late fees, making credit cards very inexpensive to use.

How Do I Decide What Type of Credit Card To Get?

Finding the right type of credit card really depends on how you’ll use it and what kind of consumer you are.

At LowestRates.ca, you can choose from a variety of different types of credit cards, including:

Secured and Guaranteed Credit Cards: These cards are aimed at consumers who wish to rebuild or establish their credit history. Depending on your credit score, you may be required to post a security deposit before you begin using these types of cards.

No-Fee Credit Cards: These cards don’t charge an annual fee, so if you pay your balance off every month, they are effectively free to use!

Low Interest Credit Cards: These cards charge low interest rates, which is a huge benefit to consumers who carry a balance from month to month.

Balance Transfer Credit Cards: These cards allow you transfer balances from other credit cards so that you can save money on interest.

Rewards Credit Cards: Hugely popular among affluent consumers, these cards allow you to earn points, cash back, or other types of rewards as you spend.

Student Credit Cards: Designed with students in mind, these cards offer low fees, easy approval, and rewards that students love.

Business Credit Cards: Business cards offer benefits and rewards tailored to the needs and wants of small business owners, including expense management tools, insurance plans and the ability to support multiple cardholders.

You can browse the table below to get a sense of what each credit card category has to offer. We’ve listed a sample card from our site that’s a fairly typical offering in the category.

Credit Card Categories and Sample Cards
Category Sample Card Annual Fee Interest Rate Credit Score Required Key Benefits
Low Interest Scotiabank Value® VISA $29 11.99% Good
  • Low interest rate of 11.99%, plus 0.99 % interest rate on balance transfers and cash advances for the first 6 months of cardmembership
No Fee No-Fee Scotiabank Value® VISA $0 16.99% Good
  • No annual fee
  • Low 3.99 % interest rate on balance transfers and cash advances for the first 6 months of cardmembership
Low Balance Transfer Platinum Plus® MasterCard® - 0 for 12 $0 19.99% Good
  • No annual fee
  • 0% interest on balance transfers and deposits for the first 12 months of cardmembership
Rewards The American Express® Gold Credit Card with Cash Back $99 19.99% Excellent
  • Excellent cash back earning potential – get up to 2% cash back on annual purchases up to $100,000!
  • Earn 1% cash back for any amount over $100,000
Secured Home Trust Secured VISA $59 or $5/month 14.90% None required
  • Establish or re-build your credit – no credit history required!
Guaranteed Capital One® Guaranteed MasterCard® $59 19.8% Needs improvement
  • May help you strengthen your credit history
Student L’earn® VISA $0 19.99% Good credit required
  • No annual fee
  • Cash back reward program tailored to students.
Business American Express® Business Gold Rewards Card $250 30.00% Excellent credit required
  • Excellent cash back earning potential - get 1 reward point for every dollar in eligible purchases
  • Ability to support mulitiple cardholders
  • Expense management tools
  • 55 day grace period for superior cashflow management

How many Credit Cards should I have?

While there is really no perfect number, most consumers should avoid having more than two or three credit cards at one time. The more credit cards you have, the harder it is to keep track of your monthly bills and make your payments on time.

Many middle to upper income credit card users have a premium, or “cadillac” credit card offering lots of great perks and rewards, and a regular card that serves as a backup.

What do I need to know about my Credit Card’s terms and conditions?

Firstly, you should understand that once you sign your credit card agreement, the terms are legally binding. Keep in mind too that your credit card issuer can change these terms at any time, as long as they provide written notice. That’s why it’s always a good idea to open the mail you receive from your credit card company and read it carefully for any changes or updates to your account.

Below are some key terms that all credit card users should know before signing on the dotted line:

Credit Limit: This is the maximum credit balance that can be outstanding on your card, including interest and fees.

Annual Percentage Rate (APR): The APR is the interest rate your card charges on balances carried over from one month to the next. It can also refer to the interest rate charged on balance transfers and cash advances.

Fixed or Variable APRs: The interest rate on your card can either be fixed, where it stays the same, or variable, where it increases or decreases based on whatever index it follows.

Grace Period: This is the amount of time a cardholder has to pay for the charges on her card before interest begins accruing. It can be 10, 15 – even 30 days in some cases.

Minimum Payment: This is the minimum amount of money you are required to pay on your credit card bill each month. Needless to say, it’s a very important number – if you fail to make the minimum payment you will be charged a late fee, and the delinquency could be reported to your credit bureau.

For a full rundown of the credit card terms you might encounter, you can browse our glossary here.

What are the drawbacks of a Credit Card?

The main drawback at play with any credit card is that it allows you to spend money you may not have. Cardholders without good financial judgment can quickly find themselves facing lots of high interest debt that they have no way of paying back. In fact, studies show that credit card debt is a major factor in consumer bankruptcies in both Canada and the United States.

At LowestRates.ca, we recommend that credit card users never take on more debt than they can reasonably pay back within a few months.

What should I watch out for with a Credit Card?

You should always keep an eye on the interest rate (known as APR) terms on your card. Credit card APRs are subject to change and many cards offer low introductory rates that reset much higher after a few months.

It’s also a good idea to be mindful of how your APR is calculated. Most credit cards take your average daily account balance for the month and charge interest on that figure; others subtract the previous month’s balance from the current month’s balance and charge interest on the remaining amount.

Some credit cards calculate APR using a “two-cycle” method, where the average of the last two months’ worth of balances is used. The two-cycle method often results in higher interest charges, so you should think twice before taking a card that uses it.

Credit card users also need to be mindful of ATM fees. Most cards charge anywhere from $2 to $5 to withdraw money from an ATM.

Compare Credit Cards Today!

Credit cards are not just a convenience, they’re a necessity – and at LowestRates.ca finding the right card for your unique needs has never been easier. Use our fantastic comparison tools to compare all the best credit cards today!

Disclaimer: The interest rates, fees, rewards details, benefits and other details of the Capital One product(s) described in the article may have changed since the time of publication. Please consult the product information pages on the Capital One website for accurate product details. In the event of any conflict between the product details in this article and the Capital One website, the details on the Capital One website shall prevail.

Last Updated: July 14, 2014