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Rewards Credit Cards: Smart Picks for Savvy Spenders
Explore credit cards that maximize rewards without excessive fees
Quick Picks
Best overall: Scotiabank Gold American Express Card.
Best budget: American Express Cobalt Card.
Rewards for Everyday Spenders
If you're the type who enjoys earning points on everyday purchases, these cards might catch your interest. While generic lists often miss the nuances of individual spending habits, we've handpicked options that cater to specific needs.
American Express Cobalt Card
The American Express Cobalt Card shines for those who frequently dine out or shop for groceries. With 5x points on these categories, it's a strong contender for everyday rewards. However, the monthly fee of $15.99 can add up, totaling $191.88 annually. This card is best if you can take full advantage of the 5x points to offset the fee.
While the Cobalt Card maximizes points on dining and groceries, its acceptance is less widespread than Visa or Mastercard. If you prefer a card with broader acceptance and travel perks, the next option may suit you better.
Travel and Entertainment Rewards
For those who want a card that does more than just earn points, these options offer robust travel and entertainment benefits.
Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card stands out for its blend of high rewards and travel perks. Offering up to 6x Scene+ points on groceries, dining, and entertainment, it's geared towards those who travel internationally, thanks to the no foreign transaction fees. The $120 annual fee can be waived with the Ultimate Package chequing, making it a versatile choice.
CIBC Aventura Visa Infinite Card
While the Scotiabank card offers great perks, the CIBC Aventura Visa Infinite provides a competitive alternative for travel rewards, albeit with different benefits. Although specific details weren't available, it's worth exploring for those who prioritize travel flexibility and perks.
Each of these cards offers unique advantages, whether through earning potential or travel benefits. If you're keen on more options tailored specifically for Canadian shoppers this July, don't miss our deep dive into the Best Rewards Credit Cards for Canadian Shoppers in July.