In fact, there are many credit cards out there touting various rewards and perks. This leads to the next conundrum: which card offers the best benefits? Well, you’re in luck.
We’ve done the research and found three great rewards cards for consumers with good credit.
Here are the 3 best credit card offers in Canada. Better yet, they come with great sign-up bonuses. Read on to learn more.
American Express Cobalt Credit Card
If you use your credit card for most of your daily spending, why not get rewarded for what you buy? The American Express Cobalt credit card offers up to 2,500 Membership Rewards® points to new members who spend $500 a month. This can mean 30,000 points for the year! What can that get you?
Those points can be redeemed for a flight, $300 in statement credit for eligible travel purchases, or $300 towards tickets using TicketMaster. This redemption flexibility is great for consumers who like to have options.
There are many ways to earn and get rewarded, too. For example, you can earn five points for each dollar spent on eligible food and drink purchases. So, if you like dining out or spend a good chunk of your budget on groceries, you can accrue points quickly.
On top of this, you stand to earn two points for each dollar spent on eligible travel and transit purchases, and one point for every dollar spent on everything else.
The card has a $10 monthly fee and an APR of 19.99 percent. According to the credit card experts at LendingArch, the American Express Cobalt credit card is one of the best credit card deals for consumers who love dining out and travel, and want to get rewarded for all of their everyday spendings.
- Sign Up Bonus: In your first year as a new Card Member, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year.
- Great Added Benefit: Earn 5 points for every $1 spent at eligible restaurants, bars, grocery stores, food delivery. Earn 1 point for every $1 spent everywhere else.
APR Annual Fee Recommended Credit Score
19.99% $120 Good
SimplyCash Preferred Card from American Express
Looking for a great cashback card with a low annual fee of $99? Look no further than the SimplyCash Preferred Card from American Express.
This card offers 2 percent cashback on all purchases and has an APR of 19.99 percent. The best part? There’s no cap on how much you can earn. As a welcome bonus, you can earn 5 percent cashback in your first six months of membership (up to $300).
This card also comes with various perks. For example, the SimplyCash Preferred Card comes with invites to different cultural and entertainment experiences exclusive to American Express members.
When it comes to protections, this card has you covered too. It offers travel accident insurance, purchase protection, flight and baggage delay insurance, car rental theft and damage insurance, and more.
If you’re looking to consolidate your credit card debt and save money on interest, this is one of the best credit card deals for balance transfers.
You can take advantage of a special introductory rate of 1.99 percent on balance transfers for the first six months.
It’s possible to transfer up to 50 percent of your credit limit, with a maximum of $7,500. There’s also no balance transfer fee.
Cardholders can earn a referral fee as well. If you refer friends and they are approved for the card, you can get $200 cashback per referral – up to $3,000 in total. Not a bad way to earn even more cash.
- Sign Up Bonus: New Card Members can earn 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months
- Great Added Benefit: Earn 2% cash back when your welcome bonus ends
APR Annual Fee Recommended Credit Score
19.99% $99 Good
American Express AeroplanPlus Reserve Card
If you’re a jet setter looking for the best credit card offers in Canada geared toward travelers, check out the American Express AeroplanPlus Reserve card. New members can earn 50,000 bonus Aeroplan miles after spending a minimum of $3,000 in the first three months.
The card boasts travel perks like lounge access in eligible locations, $200 in annual travel credit, and Air Canada priority check-in.
On top of that, you can score 2-for-1 flight rewards when redeeming 25,000 Aeroplan miles as part of the Partner Ticket benefit.
You’ll get 1.25 miles for every dollar you spend and two miles for each eligible Air Canada purchase.
Cardholders also get world-class perks and protection like concierge service, exclusive invites, purchase protection, emergency medical insurance, flight delay insurance, lost or stolen bag insurance, car rental theft and damage protection.
This card is chock full of perks but doesn’t come cheap with an annual fee of $899 and an APR of 19.99 percent. But, if you travel frequently, the annual travel credit, lounge access and other benefits make this card one of the best credit card offers in Canada for travelers.
- Sign Up Bonus: New Card Members earn 50,000 bonus Aeroplan miles after you spend $3,000 in your 3 months.(conditions apply.)
- Great Added Benefit: Access to one annual $200 Travel Credit, unlimited access to the Air Canada Maple Leaf Lounge where available, and a complimentary priority pass membership and lounge access
APR Annual Fee Recommended Credit Score
19.99% $899 Good
Bottom line
The cards we’ve listed here have outstanding perks and rewards for cardholders with good credit. Just be sure you can manage any spending minimums in order to take advantage of the bonuses offered.
Also, read the fine print so that you understand the redemption process. Lastly, when deciding upon the best credit card for you, consider the annual fee compared to how much you stand to earn in rewards.
