Canada’s Best Visa Credit Cards 2022

Best Visa Card for Roadside Assistance

TD Cash Back Visa Infinite Card*

Roadside assistance is one of those perks that most people don’t think about – until they’re stranded on the side of the road with no gas or a flat tire. Carrying the TD Cash Back Visa Infinite makes you a Deluxe member of the TD Auto Club, so your fuel or service is just a phone call away. With this package you are entitled to towing, winching, lockout assistance, fuel delivery and emergency calls up to 200 KM. In fact, you’re covered 24/7 no matter what vehicle you drive, anywhere in Canada or the US. traveling by car.

Annual contribution: $120 (waived for the first year)
Interest rates: purchases 20.99%, cash advances 22.99% Welcome Bonus: Earn 10% cash back on all purchases during the first 3 months (up to a total spend of $2,000) when you apply for the card online. After that, continue to earn 6% cash back on gas and grocery purchases, and pre-authorized payments for the first three months (up to a total spend of $3,500). Must be applied for before September 5, 2022.
Earn rate: 3% cash back on gas, groceries and recurring bills; 1% on all other purchases Additional benefits: Deluxe TD Auto Club membership; a medical insurance
Minimum income requirement: $60,000, or $100,000 for a household. 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.

More information about the TD Cash Back Visa Infinite Card*

Best Visa Card for Students

Scotiabank Scene Visa Card

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

Annual contribution: $0
Interest rates: purchases 19.99%, cash advances 22.99%, balance transfers 22.99%
Welcome Bonus: Earn 5,000 Scene Points when you spend $750 in the first 3 months you have the card. Must be applied for before May 1, 2022.
Earning rate: 1 scene point for every $1 spent; 5 Scene Points for every $1 spent at Cineplex theaters 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 visa

Koho Visa*

For students or those just starting out, we recommend Koho, a prepaid Visa card that allows you to earn cash back on your daily expenses without worrying about 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 prepaid, there is no interest charged and there is no chance of spending more than you have loaded. There are also financial literacy tools and features like RoundUp that can help you save more money. Koho is free, with unlimited transactions, but for those who want to use the product with features like more cash back, no foreign exchange, and financial coaching, there is the Koho Premium account for $84 per year or $9 per month.

Annual contribution: $0
Interest rates: N/A
Welcome Bonus: No
Earning rate: 0.5% money 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% cashback on purchases from select partners (and an additional 2% for Premium Koho subscribers); credit building for an additional fee; get $100 early on from government checks; financial coaching
Minimum income requirement: No

More information about the Koho visa*

Honorable Mention

Scotiabank Momentum No Fee Visa

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

Annual Fee: $0
Interest rates: purchases 19.99%, cash advances 22.99%, balance transfers 22.99%
Welcome Bonus: Earn 5% cash back on all purchases during the first 3 months (up to $2,000), and receive a 2.99% introductory interest on balance transfer for the first 6 months (22.99% thereafter). Must be applicable before May 1, 2022. Earning rate: 1% cashback at gas stations, supermarkets, drugstores and for recurring bills; 0.5% on everything else Extra benefits: Free extra cards; up to 25% off car hire with Avis
Minimum income requirement: Nothing specified