Top 6 BEST Credit Cards In Canada (2024)
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- Опубліковано 7 гру 2022
- CLICK BELOW to check out some of the great cards in this video (these links help the channel! 😁)
BMO Cash Back World Elite Mastercard **
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** American Express Aeroplan Reserve **
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** American Express Platinum **
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** TD Aeroplan Visa Infinite Privilege **
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** BMO Student Cash Back **
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** American Express Cobalt **
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Calculator for rewards and source for a number of b roll in this vid (available on all credit card genius reviews)
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Air Canada Aeroplan Calculator:
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Today I wanted to share the top 6 best credit cards in all of Canada with y'all for 2023. Of course there are other infinite privilege cards and Amex cards that could be on this list but I figured I'd try to give some variety. These top 6 best cards in Canada will provide you with a solid starting point to figuring out which top tier credit card you want for this upcoming year and if it is time for a switch.
I really, really, REALLY hope you guys enjoy this Canadian credit card summary and you get a lot of value out of it. I believe there is a gap in education for credit cards in Canada, so I hope this helps you in some way shape or form!
If you enjoy this video, be sure to check out the Amex Cobalt review, Amex platinum review and subscribe for future credit card reviews reviews and credit card content!
Reach out to me at info@newmoneynate.com
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Quick note - this vid is in no particular order! Just 6 of the best in 🇨🇦
Excellent videos. I notice the introductory rewards are always noted but to me the most important is after that because it is a longer term use.
What screensaver are you using?
You are not providing the whole information. For example why not to mention that for BMO cashback for groceries 5% is only applicable for the first $500 spent on groceries and then it drops to 1%
$500 limit per month for groceries for the 5%
How do you think the Canadian Aeroplan cards compared to the USA Chase Aeroplan card?
Love the tips bro 🔥 definitely picking up the amex Cobalt
you should have timestamps, great channel tho
Thank you man!!
@@newmoneynate Chapters!
@Kohvch Backup based on how much the person watches?
Just got the scotiabank gold american express card definitely underrated card
If i can't get the welcome bonus, is it still worth to apply American Express platinum for travel? thank you.
What do you think about Rbc visa infinite privilege is it worth it?
I’m turning 18 in a few months and looking to get a credit card. Do you have any suggestions on what card I should get?
Just wondering, is there a credit card that offer priority check in, boarding with less fees in canada?
I’ve only had the Amex Cobalt for 14 days and I’ve already collected 4000 points. Looking forward to getting the platinum after 6-12 months.
Thanks Nate, I was just wondering about this a little while ago!
Thanks so much brother I really appreciate all your consistent support!!🥹
@@newmoneynate Of course man, you deserve it!
When you jumped into things FOUR seconds into the video, I knew this was gonna be good
No fluff my friend!!
which one is the best for real estate investor ?
Are there any Flex travel cards like Chase Sapphire in Canada?
I've watched so many of your videos that I forget which is which! Can you kindly remind me which of the Canadian cards is the one that had some perks at YUL airport specifically?!(Montreal Trudeau airport) I believe it involved priority boarding and some other neat advantages.
Doesn’t matter the bank just make sure there is the visa infinite logo written on your card to have the airport perks
Is it me or the Scotiabank Gold American Express Card is the same as the Cobalt but better?
Thanks for making this view Nate :D really great insight and awesome way of explaining
It’s my pleasure my friend!!
I've been curious about these cards, more specifically the Amex cards. I am a marketer that spends quite a lot on advertising, but I have heard the benefits aren't the same since I am in Canada but charging in USD currencies. Any thoughts on this would be greatly appreciated and great video breakdown nonetheless! Cheers!
Thanks so much! I think it depends but I believe you still accrue the multiples on the categories for US eligible purchases - but I may be wrong! Asking Amex is the best bet!
is it of 2023 or 2024 ? looks content is old even the tagline is new
Please make a video on Simplii financial cards
Thankyou
Dope video! thank you so much
It’s my pleasure!!!!
Great video!
Great video about the best cards in the market, happy to see my cobalt on the list :) speaking of credit card rewards, i came across a company (chexy) that allows to pay rent with credit card and have been using it since April. Now contemplating getting a higher end one of this list to hit some sign up bonuses with rent like the amex platinum or aeroplan reserve just can't decide if I want more flexibility for points or not - anyone here can comment on what worked best for them?
Thanks for the tip regarding chexy.. going to look into them
Am not good at finance ,I've a question Do every credit card is owned by specific bank ..or they are available in every bank ..?
There are multiple providers across the country!
Great delivery!
Love your flow and variation 👍🏽😄👍🏽
Honestly I think the Tangerine Mastercard may be better, or neck and neck with the BMO student card
I don’t understand Piority pass? Do you have to buy the card then use one of the (eg American Express cc) for the enter costs??
When you get there, you just hand them your card and they scan it 😁
I have priority pass which is now changed to dragon pass. You get free lounge stay in the airport by just giving them your card and plane tix
great video, thumbnails would help.
Good content but I think you should have mentioned the reduced coverage of AMEX worldwide. So recommending 2 AMEX cards as a combo may be limiting to people traveling south east asia for example
AMEX for southeast Asia travel? How?
@@jondoe2641 AMEX has limited coverage in those areas, card may be declined in places where Visa and Mastercard work
I have the TD cashback infinite card, Amex essential, Amex cobalt and the MBNA rewards mastercard. Wish I had a better MC than the MBNA. But I don’t like applying for cards because of those inquiries.
All these cards you mentioned have an annual fee , isn't it? Are they all worth holding on to altogether?
@@jondoe2641 MBNA and Amex essential don’t have annual fees. Only my VISA and Amex Cobalt. Yes, its worth it.
@@jondoe2641not if you don’t travel, those high annual fee cards don’t make you money, they just help you save money on lifestyle that could otherwise be spent on stuff less fun but actually make you money.
If you want to make money off of the cards go for the lower annual fee or no annual fee cards and then abuse the cash back. Just make sure you pay in full monthly.
Hi! Just wondering why you think having the Cobalt and the Platinum is a smart choice when you’d end up paying ~$800 in annual fees for the both of them? Seems like a pretty hefty fee no?
Totally can seem like that, yes. For some, it makes no sense. It really depends on the person. For me, I’m getting exponentially more value out of these two cards, and I net positive with the value I am getting from. The cobalt for example when you consider the net of the points and the fee is extremely valuable. The platinum is great for me because of how much I travel and I really value the lounge access + I’m getting a $200 travel credit that I will use every year. It is absolutely not worth it for some people and a no brainer for others. It always depends on your personal circumstances! Let me know if you have any other questions.
Don’t get American Express they don’t work well in Canada and you waste your money
@@Relaxplanet93 I think it’s actually quite ubiquitous now. Apart from the small mom n pop shops, nearly everywhere in BC accepts them.
True for AMEX in 1990… not now. It’s accepted pretty much everywhere, like others have said maybe not at a local mom and pop.
@@Relaxplanet93you are suppose to have both Amex and Visa or mastercard. Amex give more benefits and more reward points
What do you recommend for a first card in Canada?
Visa gold Aventura
What about rbc avion
If I travel a lot, is the Amex cobalt still good?
I would say so man!!
@@newmoneynate I’m not sure if I should open the cobalt or cibc dividend. Any advice?
@@AltairxD its totally up to you but I think the Cobalt is a superior card!
@AltairxD cibc looks more attractive to me
@@Volfas same
I thought the AMEX cobalt was the best card in the country (I figured you meant on the point reward system and not the cashback system)! Do you know when AMEX usually upgrade their promotion offer? I’m waiting for a promotion of minimum 100k points before applying for one. 😂 Nonetheless, great video bro!
If you watch the whole video bro I saved the best for last! 😁
@@newmoneynate did bro ! When will Amex offer a promotion of 100k points ?
@@koolaidpuc oh God I’m hoping soon!!! Probs next year
But that’s a total guess
@@koolaidpuc Most i’ve seen is 90k for amex gold
Cabo Mexico has a Priority Pass lounge. But says at entry you ‘have to have the Priority Pass card’ to enter. ??
You have that with this certain cards! Just have to hand it to them.
It's changed to dragon pass for me. It's just the app now
Great info, but you have to slow down! Lol!
How about the Amex gold? That would be a worthwhile review. It always comes up as one of the best Canadian Amex cards because of perks and drug store purchases. Is it really that good? Are the perks worth it on the platinum card for $450 more? It’s called the best Canadian Amex work horse card by so many reviewers. Or is it all a sponsor thing and people are giving perks to say that because of change from charge to credit card in Canada?
I was heavily considering putting it in this video - but I think it’s comparable to the cobalt with a few extra perks and a few lounge visits but the cobalt has better multiples and is much cheaper. Could be a good middle card if you’re not down for the plat or the cobalt.
Thanks for the video mate. But please explain why they want $80,000 income i.e. for BMO? If I’m newcomer it’s not possible (but I’m ready to pay $120 fee). It has no sense 😢
I have the first card referenced (BMO world elite). On the application you are allowed to use household income. This means if you have a partner you can claim their income in addition to yours. However, I believe the household income has to be 150k. The loophole is where you have a joint account or have theoretical access to the same account where their full income is deposited. You can claim both your income and their income as your own. This will only work assuming it passes the 80k threshold. Note* the joint account can be with a parent as well.
they never check the household income, hence just beef it up, your personal income they could check but not your household income.
Amex Scotiabank gold card
So the AMEX cobalt is like the AMEX Gold in the US. S/O to Canada.
Definitely similar yes! We also have the Amex gold up here but it’s not quite as good as the US version from what I remember!
@@newmoneynate The gold is one of the best daily driver if not the best card over here. With just a $10 annual fee if ever credit is used. But the Cobalt looks interesting.
Pc master card with optimum points perfect for me
That’s awesome!!
Amex Simply preferred is a heavy hitter aswell man highly underrated card
Yes it is!! Just missed this vid but may cover it in the future!
I have the Amex preferred and was planning on upgrading it to the Cobalt card but now plan to just keep/get both. Great video.
@@MrBlair-ft2li I have both !
@@MrBlair-ft2li but I would rather just have the cobalt cause you can purchase gas gift cards and it still will be 5x
@@MrBlair-ft2li both are fantastic!
I have the Amex cobalt. It is probably the best card in Canada. I absolutely love it. Use it for everything! I have 90k points and only have had it for 5 months. Was thinking about applying for the Amex gold but not sure if it’s worth it since I have the cobalt.
Champei whi tetr
Credit card genius?
Everyone hates flying with air Canada booo
Anyone who recommends Amex is automatically getting a thumbs down for having 0 common sense. Half of the Canadian retailers don't accept it, so good luck building any sort of points 🙄🤦🏻♂️
Thanks for the feedback! So Amex adoption has actually grown exponentially and it’s widely accepted in most stores. I have two Amex cards and only in very small mom and pop have I ever had an issue. I would say usually there’s nothing wrong with having both a Amex and more regular card like a visa. You’re free to do what’s best for you!
Loblaws stores and Costco don't accept Amex, every other big retailer does. Unless you're only shopping at those 2 places, it's probably worth it still. A single Amex point is worth 2 cents when redeemed for travel too, so the cobalt card basically nets you 10% back on food and groceries
@@justnick1566Costco don't accept Visa either, what's your point?? Costco only accepts mastercard
Air canada is so trash tho
More like the best cards for rich people. No thanks.
Cash back cash back 2 hot dog cash back every year hot dog with cash back benefits trips to uk free and three hot dogs
Hencezerthey74