Canada’s Best Visa Credit Cards 2022

The best Visa credit cards in Canada

^{These are credit cards offered by Ratehub partners. You can find information about additional product options below.}

Plus, when TD credit card holders refer friends and family for an eligible TD credit card, they can earn a $100 e-gift card when their application is approved. You can earn up to 3 e-gift cards (a $300 value) within the offer period, which ends March 6, 2022.

• Annual fee: $120 (rebated for the first year, along with $50 fee for first additional cardholder)
• Welcome bonus: Earn 80,000 TD points ($400 value). First, earn 20,000 TD points with your purchase, then another 60,000 when you spend $1,000 within the first 90 days of having the card. And earn a bonus interest rate of 0% on travel purchases for the first six months. Apply before March 6, 2022. For Quebec residents, please click here.
• Earn rate: 9 TD Points per $1 on travel booked online through Expedia For TD; 6 TD Points per $1 for travel booked on the phone through Expedia For TD; and 3 TD Points per $1 spent on everything else
• Additional benefits: Travel emergency medical, travel accident, car rental, trip interruption, flight interruption and delayed and lost baggage insurance; access to Visa Infinite experiences; car rental savings with Avis and Budget
• Minimum income requirement: $60,000 or a minimum household income of $100,000

Get more details on the TD First Class Travel Visa Infinite*

Best airline Visa card

TD Aeroplan Visa Infinite*

Aeroplan is one of the largest travel rewards programs in Canada. And with a recent refresh in November 2020, now is a great time to reconsider the card in your wallet. Travel rewards are hugely popular and finding the best program can be confusing. However, if Air Canada is your airline of choice, things just got a whole lot easier. That’s because with the TD Aeroplan Visa Infinite, you’ll get a bunch of Air Canada perks like preferred pricing that can get you a better deal on Air Canada when booking travel with points, and a free first checked bag on Air Canada for you and up to eight travel companions. New cardholders can take advantage of a massive welcome bonus that includes the ability to score a bonus Buddy Pass. The all-new Aeroplan rewards chart and generous stopover policy means you can get great value on your points when redeeming for travel on Air Canada as well as over two dozen Star Alliance partner airlines. 

• Annual fee: $139 (rebated first year)
• Welcome bonus: Earn up to 25,000 Aeroplan points ($1,250 value). Get 10,000 points for having the card and another 15,000 when you spend $1,000 in the first 90 days. Apply by March 6, 2022.  Quebec residents, click here.
• Earn rate: 1.5 Aeroplan points for every $1 spent on eligible gas, grocery and Air Canada purchases, and 1 point per $1 spent on everything else
• Our favourite features: Comprehensive travel insurance, free checked bags on Air Canada, and ability to earn a Buddy Pass make this a very attractive card
• Additional benefits: Hotel-motel burglary insurance; auto rental collision/loss damage insurance; new mobile device insurance up to $1,000; Nexus application rebate of up to $125 every 48 months
• Minimum income requirement: $60,000 (or $100,000 household)

Get more details on the TD Aeroplan Visa Infinite*

Best no fee Visa card for rewards

Simplii Financial Cash Back Visa

For a no fee card, this Visa comes with some great rewards. You’ll earn 4% on the first $5,000 you spend at restaurants, bars and coffee shops; 1.5% on the first $15,000 spent on gas, groceries and at drugstores; and 0.5% on everything else, with no limit. The welcome offer is very generous, with 10% cash back at restaurants and bars for the first four months (on spends up to $500). However, each of the bonus categories has a cap, meaning that earns exceeding the cap amount drop down to the base 0.5% rate. Note that you must currently hold a Simplii financial bank account to qualify for the card. 

• Annual fee: $0
• Welcome bonus: 10% cash back at restaurants and bars during the first 4 months up to a $500 spend
• Earn rate: 4% cash back at restaurants, bars and coffee shops (up to $5,000 spend); 1.5% back on gas, groceries, drugstore purchases and pre-authorized payments (up to $15,000 spend); 0.5% on all other purchases
• Additional benefits: Purchase security and extended protection insurance
• Minimum income requirement: $15,000 

Best Visa card for no foreign transaction fees

Home Trust Preferred Visa*

For travellers and cross-border shoppers, a card that doesn’t charge foreign transaction fees is a revelation. Most credit cards apply a surcharge of 2.5% to 3% in foreign transaction fees on top of the currency exchange, bumping up your cost for products and services purchased in different currencies. With that surcharge out of the way, you’re already saving—but the Home Trust Preferred Visa goes one better. It lets you earn 1% cash back on all purchases in Canada. And the card has no annual fee, so you keep more of your money in your wallet.

• Annual fee: $0
• Earn rate: 1% on all purchases in Canada 
• Additional benefits: Car rental collision insurance; purchase security
• Minimum income requirement: $15,000

Get more details on the Home Trust Preferred Visa*

Best Visa card for low interest

RBC Visa Classic Low Rate Option

For students or those carrying debt, rewards and perks may be less important than having a credit card with low interest. RBC offers the Visa Classic Low Rate Option credit card. For the very affordable annual fee of $20, cardholders receive an interest rate of 11.99% on purchases and cash advances. Though basic, this card provides purchase protection and extended warranty protection, as well as zero liability protection against fraud, meaning if someone hacks your card, you’re not on the hook.

• Annual fee: $20
• Earn rate: N/A
• Interest rate: 11.99%
• Additional benefits: Free additional card; save 3¢ per litre on fuel at Petro-Canada gas stations when you link your credit card to your Petro-Points account; option to save at select retailers, such as Roots, Indigo and The Keg restaurants, through RBC Offers 
• Minimum income requirement: None specified

Best Visa card for lounge access

Scotiabank Passport Visa Infinite Card*

Travel rewards cards aren’t just about collecting points and getting insurance coverage; many give you access to airport lounges all over the world. And while some get you a few free lounge visits, the Scotiabank Passport Visa Infinite card gets you a Priority Pass membership and six free visits per year to your choice of more than 1,300 lounges, no matter your airline or class of service. That’s more free visits than most credit cards with an annual fee of $150 or less. Plus, you can use those free visits for your travel companions we well. Instead of waiting at the gate, you can enjoy comfy chairs, WiFi, bar beverages and soft drinks; some lounges offer spa services at extra charge, as well as shower facilities and nap rooms. Travellers will also appreciate that there are no transaction fees on foreign currency purchases they make with this card. 

• Annual fee: $139
• Welcome bonus: Earn up to 30,000 Scene and travel points. First earn 20,000 points when you spend $1,000 in everyday purchases in the first 3 months. Then, get another 10,000 points when you spend $40,000 on everyday purchases in the first year. Apply by February 28, 2022.
• Earn rate: 2 Scotia Rewards points per $1 on groceries, dining, entertainment and transit charges; 1 Scotia Rewards point on other purchases 
• Additional benefits: No foreign transaction fees; 6 complimentary airport lounge visits
• Minimum income requirement: $60,000 or a minimum household income of $100,000

Get more details about the Scotiabank Passport Visa Infinite*

Best Visa card for travel insurance

Meridian Visa Infinite Travel Rewards

Most credit cards come with some type of travel insurance, but our pick for the most comprehensive coverage is the Meridian Visa Infinite Travel Rewards Card. Typically, cards come with $1 million in medical emergency coverage for a few weeks of travel, with little to no coverage for seniors; however, this card comes with up to $5 million per person for trips of up to 48 days if you’re 59 and under (23 days for ages 60 to 64). Even seniors up to the age of 75 will receive complimentary coverage for up to 15 days. It also includes solid trip cancellation and trip interruption insurance, flight delay insurance, baggage insurance and vehicle rental insurance. To top it all off: The card comes with up to $1,000 in mobile device insurance that’ll cover your cell phone if it’s lost, stolen or damaged.

• Annual fee: $99 (waived for first year)
• Welcome bonus: None
• Earn rate: 1.5 points per $1 spent on all Canadian purchases and 3 points per $1 on foreign purchases
• Additional benefits: Access to Visa Infinite benefits including 24/7 concierge services and hotel stay upgrades at eligible locations
• Minimum income requirement: $60,000 or a minimum household income of $100,000

Best Visa card for roadside assistance

TD Cash Back Visa Infinite Card*

Roadside assistance is one of those perks that most folks don’t think about–until they’re stranded on the side of the road out of gas or with a flat tire. If you carry the TD Cash Back Visa Infinite, you’re a Deluxe member of the TD Auto Club so your fuel or service is only a call away. With this package, you’re entitled to towing, winching, lock-out help, fuel delivery, and emergency service calls of up to 200 KMs. Even better, you’re covered 24/7, no matter which vehicle you’re driving, anywhere in Canada or the U.S. For commuters and road trippers, the TD Auto Club Deluxe membership is a valuable perk worth peace of mind and more when you travel by car.

• Annual fee: $120 (waived for first year)
• Welcome bonus: Earn 6% cash back on all purchases for the first 3 months (up to $2,000). Then continue to earn 6% cash back on gas and grocery purchases, and pre-authorized payments up to a total spend of $3,500 for the first three months. (Then, the rate returns to 3%.). Apply by May 29, 2022.
• Earn rate: 3% cash back on gas, grocery and recurring bill payments; 1% on all other purchases
• Additional benefits: Deluxe TD Auto Club membership; some medical insurance
• Minimum income requirement: $60,000, or $100,000 as a household

Get more details about the TD Cash Back Visa Infinite Card*

Best Visa card for students

Scotiabank Scene Visa card

If you’re a student who wants to build up your credit history, earn rewards and not pay an annual fee, then consider the Scotiabank Scene Card. The big perk is that you can earn points on everyday purchases towards free movies, which require 1,250 Scene Points each. Plus you’ll get discounts at restaurants, and up to 25% off car rentals at participating Avis and Budget locations as well. It’s also an easy card to qualify for, as it requires a modest annual income of $12,000.

• Annual fee: $0
• Welcome bonus: Earn 5,000 Scene points when you spend $750 in the first 3 months of having the card. Apply before February 28 2022.
• Earn rate: 1 Scene Point for every $1 spent; 5 Scene Points for every $1 spent at Cineplex theatres or cineplex.com
• Additional benefits: $10 off participating restaurants when you redeem 1,000 points; 25% off base rates at participating Avis and Budget car rental locations 
• Minimum income requirement: $12,000

Best first-time Visa

Koho Visa*

For students or people just starting out, we recommend Koho, a prepaid Visa card that allows you to earn cash back rewards for your everyday spending without worrying about blowing your budget. With Koho, you load money into your account and then use your card to make purchases (and earn 0.5% cash back). Because your Visa is pre-paid, there’s no interest charged and no chance of spending more than you’ve loaded. There’re also financial literacy tools and features like RoundUp that will help you save more of your money. Koho is free, with unlimited transactions, but for those who want to leverage the product with features like more cash back, no foreign exchange, and financial coaching, there’s the Koho Premium account for $84 annually or $9 monthly.

• Annual fee: $0
• Welcome bonus: None
• Earn rate: 0.5% cash back with the Koho account; 2% cash back on transportation, groceries, and restaurants with the Koho Premium account; up to 5% back on purchases at partner stores
• Additional benefits: Up to 5% cash back when purchasing at select partners (and an additional 2% for Premium Koho subscribers); credit building for an additional fee; access $100 from government cheques early; financial coaching
• Minimum income requirement: None
  
  Get more details about the Koho Visa*

Honourable mention

Scotiabank Momentum No-Fee Visa

While perks and rewards are great, you often have to pay an annual fee in order to get them. With the Scotiabank Momentum No-Fee Visa card, not only do members not pay an annual fee, they’re also given the opportunity to earn cash back. And with an introductory interest rate of 7.99% for the first six months, you can take advantage of transferring balances from higher-interest cards.

• Annual fee: $0
• Welcome bonus: Earn 5% cash back for the first 3 months (up to $2,000 in total purchases), and get a 2.99% introductory interest rate on balance transfer for the first 6 months (22.99% after).
• Earn rate: 1% cash back at gas stations, grocery stores, drug stores and for recurring bills; 0.5% on everything else
• Additional benefits: Free additional cards; up to 25% off on car rentals at Avis 
• Minimum income requirement: None specified

Overview: Canada’s best Visa credit cards

MORE ON CANADA’S BEST CREDIT CARDS:

• Best Mastercard credit cards in Canada
• Visa vs Mastercard: What are the differences?
• Best American Express Cards in Canada
• Best credit cards in Canada
• Best travel credit cards
• Best cash back credit cards
• Best no foreign transaction fee cards

Our methodology

For the best Visa credit cards 2022 ranking, we categorized credit cards based on the best feature of each. Our rankings also took into account the annual fee; rewards earn rate, if applicable; and additional benefits, such as purchase protection, automobile roadside assistance and bonus opportunities to earn rewards.

‡MoneySense.ca and Ratehub.ca are both owned by parent company Ratehub Inc. We may be partnered with some financial institutions, but this does not influence the “Canada’s Best Credit Card” rankings. You can read more about this in our Editorial Code of Conduct.