The best Visa card in Canada depends on what you plan on using your Visa credit card for and the type of rewards you like to earn. Cash back and rewards credit cards can give you excellent value, but then there are cards with no foreign transaction fees and prepaid cards that can be beneficial in specific situations. You also need to consider the annual fee and any additional benefits that may interest you. To help you narrow down your choices, here’s my picks for the best Visa card in Canada.

 TypeWelcome bonusAnnual fee
Scotiabank Passport Visa Infinite CardTravel25,000 Points$139
Meridian Visa Infinite Cash Back CardCash backN/A$99 - First year free
TD Aeroplan Visa Infinite CardTravel25,000 Aeroplan Miles$120 - First year free
Home Trust Preferred VisaCash backN/A$0
KOHOCash back1% cash back bonus$0

Scotiabank Passport Visa Infinite Card

  • $139 annual fee
  • No foreign transaction fees
  • 25,000 Scotia Rewards points when you spend $1,000 in the first 3 months
  • Priority Pass standard membership + 6 free visits per year
  • Earn 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases
  • Earn 1 Scotia Rewards point per $1 spent on all other purchases
  • Comprehensive travel insurance package included

Ranked as one of the best travel credit cards in Canada, the Scotiabank Passport Visa Infinite Card has become popular over the years since it has a great sign up bonus, lounge access and no foreign transaction fees. Your Scotia Rewards points are flexible since you can book your travel through the Scotia Rewards portal or apply your points directly to any travel purchases made with your Scotiabank Passport Visa Infinite Card

Apply Now for the Scotiabank Passport Visa Infinite

 

Meridian Visa Infinite Cash Back Card

  • $99 annual fee – first year free
  • Earn 4% cash back on gas and grocery purchases
  • Earn 2% cash back on pharmacy and utility bill payments
  • Earn 1% cash back on all other purchases
  • Mobile device insurance up to $1,000
  • Comprehensive travel insurance package included
  • Price protection

The Meridian Visa Infinite Cash Back Card is arguably the best cash back credit card in Canada now since you get a generous earn rate, but it’s the additional benefits that also make it the best Visa card. It was the first card to introduce mobile device insurance and it has price protection which is not offered by many cards. If you want to protect your purchases, this card is probably your best choice.

Apply Now for the Meridian Visa Infinite Cash Back card

 

TD Aeroplan Visa Infinite Card

  • $120 Annual fee – first year free (Until Sept. 3, 2019)
  • 15,000 Aeroplan miles sign up bonus after your first purchase
  • 10,000 additional miles when you charge $2,000 to your card in the first 90 days of account opening
  • Earn 1.5 Aeroplan miles per $1 spent on grocery, gas, drugstore and aircanada.com purchases
  • Earn 1 Aeroplan mile per $1 spent on all other purchases
  • Comprehensive travel insurance package included

If you’re looking for an Aeroplan credit card, then take a look at the TD Aeroplan Visa Infinite Card since you can get up to 25,000 Aeroplan miles as a welcome bonus. To give you some perspective, 25,000 Aeroplan miles is enough for a round trip flight to anywhere within the continental U.S. and Canada. That flight can easily be worth $500+. The earn rate of 1.5 Aeroplan miles per $1 spent at grocery stores, gas stations, drugstores and aircanada.com is a great way to rack up Aeroplan points fast.

Home Trust Preferred Visa

  • No annual fee
  • No foreign transaction fees
  • 1% cash back on all purchases
  • Roadside assist membership
  • Visa Auto Rental Collision/Loss Damage Insurance

If you’re looking for a Visa credit card without foreign transaction fees and has no annual fee, then the Home Trust Preferred Visa is a popular choice. You only earn 1% cash back on your purchases, but you don’t get this card if you’re looking for rewards. Another card worth looking at is the STACK Mastercard, but if you want a Visa credit card with no forex fees and no annual fee, get the Home Trust Preferred Visa. 

Apply Now for the Home Trust Preferred Visa

 

KOHO

  • No annual fee
  • 1% cash back bonus for 90 days with CASHMONEY referral code  
  • 0.5% cash-back on all purchases
  • Automated savings goals

KOHO is one of the best prepaid credit cards in Canada since it still earns you cash back of .5% on all your purchases. This may not seem like a lot, but it’s rare that a prepaid credit card gives you anything at all so you should consider it a win. If you sign up with my referral code CASHMONEY, you’ll earn an extra 1% cash back for a total of 1.5% for the first 90 days.