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Canada’s Best Visa Credit Cards 2022

For new cardholders, there is a bonus of up to 100,000 points, which is a travel value of up to $500 when redeemed online at ExpediaforTD.com. In addition to the sign-up bonus, this card gets first choice because of its flexibility. Rewards can be applied to all travel expenses, not just flights.

Annual Fee: $120 (discount for the first year, along with $50 for the first additional cardholder)
Interest rates: purchases 19.99%, cash advances 22.99%, balance transfers 22.99% Welcome Bonus: Earn up to 100,000 TD points (up to $500). First earn 20,000 TD points with your first card purchase, then another 80,000 when you spend $1,500 within the first 90 days of getting the card. Plus, earn a 0% bonus interest on travel purchases for the first six months. Must be applied for before May 29, 2022. For Quebec residents, 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 by phone through Expedia For TD; and 3 TD points per $1 spent on everything else. Additional benefits: emergency medical assistance, travel accidents, car rental, layover, flight interruption, and insurance for delayed and lost luggage; access to Visa Infinite experiences; Save car hire with Avis and Budget
Minimum income requirement: $60,000 or a minimum family income of $100,000 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 (worth $300) within the offer period, which ends May 29, 2022.

Learn more about 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 coming in November 2020, now is a good time to rethink the card in your wallet. Travel rewards are extremely popular and finding the best program can be confusing. However, if Air Canada is your preferred airline, things just got a whole lot easier. That’s because with the TD Aeroplan Visa Infinite, you get a lot of Air Canada benefits, such as preferential prices that can get you a better deal on Air Canada when booking travel with points, and a free first checked bag with Air Canada for you and maximum of eight travel companions. Thanks to the all-new Aeroplan rewards table and generous layover policy, you can get great value for your points when you redeem them for travel on Air Canada and more than two dozen Star Alliance partner airlines.

Annual contribution: $139 (first year discount)
Interest rates: purchases 19.99%, cash advances 22.99%, balance transfers 22.99%
Welcome Bonus: You can earn up to 50,000 Aeroplan points. First earn 10,000 as a welcome bonus when you make your first purchase and another 20,000 when you spend $1,500 in the first 90 days. After that, earn an additional 20,000 Aeroplan points when you spend $7,500 within the first 12 months of opening an account. Must be applicable by September 5, 2022. Quebec residents, click here.
Earning rate: 1.5 Aeroplan points for every $1 spent on eligible purchases of gasoline, groceries, and Air Canada, and 1 point for every $1 spent on everything else
Our favorite features: Comprehensive travel insurance, free checked baggage with Air Canada.
Additional benefits: Burglary insurance hotel motel; car rental collision/loss insurance; new insurance for mobile devices up to $1,000; Nexus application discount of up to $125 every 48 months
Minimum income requirement: $60,000 (or $100,000 household) Additionally, 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 (worth $300) within the offer period, which ends May 29, 2022.

Learn more about the TD Aeroplan Visa Infinite*

Best Visa Card with No Fees for Rewards

Simplii Financial Cash Back Visa

For a free card, this Visa comes with some great rewards. You earn 4% on the first $5,000 you spend in restaurants, bars and coffee shops; 1.5% on the first $15,000 spent on gasoline, groceries, and drug stores; and 0.5% on everything else, with no limit. The welcome offer is very generous, with 10% cashback in restaurants and bars for the first four months (on spends up to $500). However, each of the bonus categories has a cap, which means that earnings exceeding the cap amount will drop to the base rate of 0.5%. Please note that you must currently have a Simplii financial bank account to be eligible for the card.

Annual contribution: $0
Interest rates: purchases 19.99%, cash advances 22.99%
Welcome Bonus: 10% cashback at restaurants and bars for the first 4 months up to a spend of $500
Earning rate: 4% cash back at restaurants, bars and coffee shops (up to $5,000 spending); 1.5% back on gas, groceries, drugstore purchases, and pre-authorized payments (up to $15,000 spending); 0.5% on all other purchases
Additional benefits: Buy security and comprehensive protection insurance
Minimum income requirement: $15,000

Best Visa card with no foreign transaction fees

Home Trust Preferred Visa*

For travelers and cross-border shoppers, a card that doesn’t charge foreign transaction fees is a revelation. Most credit cards charge a 2.5% to 3% foreign transaction fee on top of the currency conversion, increasing your costs for products and services purchased in different currencies. With that fee out of the way, you’re already saving, but the Home Trust Preferred Visa is even better. Allows you to earn 1% cash back on all purchases made in Canada. And the card has no annual fee, so you keep more money in your wallet.

This post Canada’s Best Visa Credit Cards 2022

was original published at “https://www.moneysense.ca/spend/credit-cards/best-visa-credit-cards-in-canada/”

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