Best Premium Credit Card Canada

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Our Most Recommended Credit Cards

What we most recommend for your next credit card.

Best No-Fee Rewards – Neo Secured Mastercard

Best for Travel Points – National Bank World Elite Mastercard

Best for Bad Credit – Neo Rewards Card

Premium Credit Cards Canada

Contrary to what you might think, annual credit card fees help you make money, not lose money. They can be lucrative, but reward programs, sign-up bonuses and built-in perks make them worth the price. In addition, if you pay on time, it can help you achieve a higher credit rating (650 + points), enabling you to take out a mortgage or car loan at a reasonable rate with your local financial institution in the future.

Several airlines, sensing the chance to lure younger customers who start with credit and customers who earn miles and prefer elite benefits, have introduced new annual fee credit cards with slimmed-down perks. These cards may not offer the same benefits as their more expensive counterparts, but they are worth considering in some cases. For example, some airline credit cards offer incentives but charge annual fees of $95 and $450.

The card offers a wide range of travel and insurance benefits, introductory transfers, exclusive dining, entertainment and television deals and an annual fee of $120. In addition, earn 10% cash back on purchases up to $2,000 total in the first 3 months, pay no annual fee for the first year and include an additional $350 welcome offer. $6.99 for purchases and balance transfers APR: n Welcome offer earns 80,000 membership points.

The current American Express Platinum Card offer includes a worldwide airport lounge, access to an annual travel credit of $200, platinum hotel membership, travel and health insurance, an elegant metal card and a welcome bonus of 80,000 MR points weighing $1,600 to $2,400. In addition to the $80,000 bonus points that can be earned with this card (you can earn,000 if you spend $6,000 within the first six months and $15,000 or more if you make a purchase every month) and the 14 / 17% card membership, you will also receive a Priority Pass for a Prestige membership worth $429 USD per year. I strongly recommend getting a Platinum card before the current offer disappears.

To maximize Amex Platinum MR points, you should use your $200 annually travelling credit, sign up for hotel elite status and pay your Platinum Card for as much spending as possible to maximize your Amex Platinum points.

With an annual fee of just $699, one of the best credit cards on the market offers the ultimate luxury travel perks. The best Premium Card Premium credit cards offer great value compared to credit cards in the top ranks of the world, such as the Elite Visa Infinite Card. In addition, premium cards offer high earning rates, award miles and cashback, important travel benefits such as airport lounge access, comprehensive travel insurance, dedicated customer service and much more.

Whether or not a premium credit card is worth its annual price tag depends on how you want to use it. Some premium cards have strict income and credit rating requirements and high annual fees, but their overall value as a package makes up for that.

American Express cards require a good or excellent credit rating as defined by FICO. For example, a good score of 670 to 739 is enough for a simple American Express card, but for a strong reward card, you need to count on a score of 740 or more to qualify.

Travel miles are only applicable to travel-related purchases such as airline tickets or car rental, but some credit card companies permit you to use them on your credit balance. As long as you pay the balance in full each month, you don’t have to pay the annual percentage (APR) on unpaid balances.

If you don’t have the kind of cash or special invitation from Amex, there are plenty of other cards within your reach. For example, the Luxury Travel Card offers a travel credit of $200 to $300 that offsets your annual travel expenses. If you have a card with a rotating category, you must activate the bonus category every quarter to receive the extra points.

In Canada, the best cashback cards maximize the percentage you earn on purchases, allow you to redeem your accumulated cash and also offer other perks. You can’t knock back cash straight away, which is the easiest way to get money back and help you save.

Based on this analysis, the best Travel Insurance Luxury Cards are the CIBC Aventura Visa Infinite Privileges Card (CIBC VISA Infinite Privilege Card) and the Scotiabank Platinum American Express Card. Because of their flexibility, we have also added two travel cards (Chase Sapphire Preferred and Capital One Venture) to our list. These cards are great for newcomers and luxury travellers looking to maximize airfare. In addition, they should consider cards like the American Express Platinum Card (r), which offers up to five fares booked through the airline, even though the limit is $500,000 per calendar year.

It is considered the first invitation card of the elite worldwide. We found the cards with the highest incomes on the table based on our average spending on high earners.

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