Best Rewards Credit Cards In Canada for 2025

If you use your credit card to make many of your everyday purchases, why not earn rewards at the same time? With a rewards credit card, you can earn rewards just for using your credit card and then redeem them for various perks and benefits. We've curated a list of the best rewards credit cards in Canada for 2025 to help you find your ideal rewards credit card. Check out the helpful information around what a rewards credit card is and the various types of rewards, then scroll down to learn more about Canada's best rewards credit cards.

What is a rewards credit card? 

With a rewards credit card, you can earn points when you use your credit card. Depending on your card, you can redeem your points for perks including travel, goods and services. 

When choosing a rewards credit card, think about your spending habits, the type of rewards that best suit your needs and if you’re willing to pay an annual fee. To make the most of a rewards credit card, ensure you can pay off your balance in full every month. 

Types of credit card rewards

Points-based rewards

With points-based rewards, you earn points when you make purchases with your credit card. Some of the best points credit cards in Canada allow you to earn points on most purchases, while others offer additional points in certain shopping categories such as groceries or dining out. Some cards only reward points when you shop at particular stores. You can redeem your points for shopping items, travel or gift cards.

Travel rewards

Travel rewards cards are a specific type of rewards card that allow you to earn points that you can redeem for flights, hotels and car rentals. Some travel rewards credit cards offer additional benefits like travel insurance or airport lounge access. The amount of points you need to book travel varies between different cards. Check out our dedicated blog post on the best travel credit cards in Canada for 2025!

Gas rewards

If you do a lot of driving, a gas rewards credit card can help you save at the pumps. You earn points when you fill up your tank. Some cards offer additional benefits such as roadside assistance, travel accident insurance or car rental insurance. 

Hotel rewards cards

A hotel rewards card lets you earn points when you stay at a participating hotel. You can use your points to earn free nights or upgrade your hotel room. Other benefits can include late check-out or hotel burglary insurance.

Store / Brand rewards credit cards

A store rewards credit card lets you earn points when you shop at a particular store or company. These cards often offer perks like discounts on certain purchases. There are two types of store credit cards. One is the type that you can only use at a particular store or group of stores, known as a private-label card. Others, known as co-branded cards, are like regular credit cards. You can use them anywhere, although you’ll earn more rewards when you shop at a particular store.

Best Rewards Credit Cards in Canada

Without further ado, here's our list of Canada's best rewards credit cards for 2025! Remember, you can find which credit cards match your credit profile and see your likelihood of approval when you sign up or log in to Borrowell. It only takes a few minutes, and it's free.

American Express Cobalt® Card

Overview

• Annual Fee: $156 ($12.99 per month), $150 for Quebec residents as of July 8, 2025

• Supplementary Card: $0

• Purchase Interest Rate: 21.99%

• Cash Advance Interest Rate: 21.99%

Rewards and Perks

• Earn 5X points on eligible restaurants and food delivery in Canada

• Earn 3X points on streaming subscriptions 

• Earn 2X points on gas, transit and ride-sharing

• Earn 1X points on everything else

• Earn 1 additional point on eligible hotel or car rental bookings

• Enjoy access to Front of the Line presale and reserved tickets for corners, theatre and other special events

• Enjoy the Hotel Collection from American Express Travel that offers special benefits when you stay 2 or more consecutive nights at participating properties 

• Welcome bonus of up to 15,000 Membership Rewards Points ($150 value)

Pros

• Flexible reward redemptions (flights, gift cards, merchandise) 

• Transfer points 1:1 to several frequent flyer and loyalty programs

• Robust travel insurance coverage 

• No fee to add authorized users 

Cons

• American Express is not as widely accepted at retailers as Visa and Mastercard

• Monthly fee of $12.99  

• Travel insurance package doesn’t cover trip cancellation or medical coverage for cardholders over the age of 65

• This card does not provide access to airport lounges

Borrowell’s Take

With a generous sign-up bonus, a high earn rate on restaurants and food delivery and flexible reward redemptions, the American Express Cobalt Card is a great all-around choice. However, this card does come with a monthly fee of $12.99.

Visit the American Express website to apply.

Canadian Tire Triangle® Mastercard®

Overview

• Annual Fee: $0

• Supplementary Card: $0 

• Purchase Interest Rate: 21.99%

• Cash Advance Interest Rate: 22.99%, 21.99% for Quebec residents

Rewards and Perks

• Collect 4% back in Canadian Tire Money on most purchases at Canadian Tire and popular stores including Sport Chek, Mark’s, L’Équipeur, Party City and more

• Enjoy 5 cents per litre back in Canadian Tire Money at Gas+ locations

• Earn 1.5% in Canadian Tire Money at grocery stores (on the first $12,000 year, excludes Walmart and Costco)

• Earn 0.5% Canadian Tire Money everywhere else

• No fee, no interest financing on equal monthly payments when you spend $150 or more on qualifying purchases

• Exclusive bonus offers and earn even more when combined with Triangle Bonus Days, Spend-and-Get events and weekly flyer offers.

Pros

• No annual fee 

• 4% back at Canadian Tire and other participating stores

• Access to exclusive bonus offers and discounts  

Cons

• Lower earning rate (0.5%) on everyday purchases 

• No welcome bonus

• Points redemption is restricted to Canadian Tire and participating stores only

Borrowell’s Take

If most of your weekends include a trip to Canadian Tire, you should definitely consider the Canadian Tire Triangle Mastercard. With no annual fee and 4% back in Canadian Tire Money on most purchases, you can quickly rack up rewards. However, you can only redeem your Canadian Tire Money at select stores besides Canadian Tire.

Visit the Canadian Tire website to apply.

PC® Mastercard®

Overview

• Annual Fee: $0

• Supplementary Card: $0

• Purchase Interest Rate: 21.99%

• Cash Advance Interest Rate: 22.97% standard rate, 21.97% in Quebec

Rewards and Perks

• Earn 1% back in points at Loblaw banner stores

• Earn at least 3 cents per litre in points at Esso and Mobil stations

• Earn 2.5% back in points at Shoppers Drug Mart

• Earn 1% back in points at Joe Fresh stores

• Earn 1% back in points on dining, transit and everywhere else

• Purchase assurance and extended warranty 

• Access to emergency assistance with Mastercard Global Service

• Unlimited points earning and points do not expire

• Welcome offer of 20,000 points

Pros

• No annual fee

• Points never expire 

• No minimum income requirements 

• No limit to how many points you can earn

Cons

• Can only redeem points in increments of $10 (10,000 points)

• No travel insurance

Borrowell’s Take

If you're a frequent shopper at Loblaws stores, including Loblaws, No Frills or Shoppers Drug Mart, then this card is likely a good fit. There's no annual fee, no minimum income requirements and it's easy to earn rewards. However, your redemption options are limited compared to other cards.

Visit the PC Financial website to apply.

MBNA Platinum Plus® Mastercard®

Overview

• Annual Fee: $0

• Supplementary Card: $0 

• Purchase Interest Rate: 19.99%

• Cash Advance Interest Rate: 24.99% (20.99% for Quebec residents)

Rewards and Perks

• Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days

• Earn 2 points per $1 after the first 90 days, up to $10,000 annual spend per category

• Earn 1 point per $1 on all other eligible purchases

• Annual Birthday Bonus Points of 10% of the points earned 12 months before your birthday month (up to 10,000 bonus points per year)

• Up to $1,000 in mobile device coverage

• Extended warranty benefits

• Purchase assurance 

• Save on Avis and Budget Rent a Car

• Welcome offer of 5,000 bonus points ($25 cashback value)

Pros

• No annual fee

• Points never expire

• 10% annual bonus points on your birthday 

Cons

• Bonus categories have annual caps of $10,000

• Limited insurance benefits

Borrowell’s Take

If you spend a lot of money on groceries, eating out or memberships, you can earn a high rate of rewards with this no-fee credit card. However, the card’s high earnings are capped at 90 days and there are annual spend caps for higher earning categories.

Visit the MBNA website to apply.

The Bottom Line 

Rewards credit cards are ideal for those who want to earn points on everyday purchases that can be redeemed for a range of perks. Our top rewards credit cards highlight some of the best options in Canada, with choices for every type of shopper. Whether you want to earn rewards on groceries, dining out, gas or your weekend trip to Canadian Tire, there’s a rewards card for you.

Editorial Note: Our editors’ opinions are their own and content is accurate to the best of our knowledge when it is posted. Borrowell does receive compensation from third-party advertisers, but it does not affect our editors’ opinions.

The credit card companies featured in this article are not responsible for maintaining the content on this site. Please click on the application links above for the most up-to-date information.