There are many types of credit cards in the market, such as credit-building cards, cash back cards, and travel cards. And when we try to find the best credit card, we need to consider these categories and the cardholder profile. Also, we need to consider the country and many other factors. Moreover, it may be hard to choose the best credit card for you with so many options. In this post, we will give you information about the best credit card in Canada. So, read on!

The American Express Cobalt^® credit card can be the best credit card for those who want to make the best out of rewards points on everyday purchases. Also, there is only a monthly fee of $12.99. Plus, in your first year using the card, you can earn 2,500 MR points for each billing period of the month in which you can spend $500 (about 30,000 points in a year).

This credit card can be great for those with a fair credit score and who want a card with cashback rewards. Also, you can choose your rewards categories to perfectly fit your spending profile. Plus, there is no annual fee and no spending cap on how much you can earn with your rewards.

This Amex card is for those looking for a credit card with a high rewards rate for everyday purchases. You can earn up to 50,000 welcome bonus points as a new cardholder and up to 5x rewards points. Also, there is a 0% intro interest rate fee and no annual fee in the first year!

This credit card offers premium rewards with simple redemption features. Also, this card is for those looking for a card to make everyday purchases and earn special perks. Besides the rewards program and welcome bonus, this card offers special perks, such as a $50 annual lifestyle credit, purchase insurance, 10% more points if you add an authorized user, and more!

This card is for those who travel frequently and need a credit card with good travel perks. You can earn up to $800 in travel value as a welcome bonus in your first year. Also, there is a good rewards rate of up to 2x points on travel. However, the minimum annual income is $60,000 (individual) and $100,000 (household).

For those with low credit scores, one of the best credit cards in Canada could be the Home Trust Secured Visa card. It is a secured card, and it can help you build credit. Plus, you can choose between an annual fee of $59 and 14.90% interest or a $0 annual fee and 19.99% interest. Also, there is a minimum deposit of $500 and no credit score requirement.

This credit card can be great for those who live in Canada and need a card with a high rewards rate. Also, this card does not have an annual fee, and your points do not expire if you maintain your account in good shape.

The MBNA True Line® Gold Mastercard® is a credit card with one of the lowest interest rates on purchases in Canada. Also, this card has a relatively low annual fee of $39. Moreover, you can get purchase coverage on items you purchase with your card for the first 90 days after you make the purchase. In addition, you can get additional security with Mastercard® Zero Liability and Mastercard® Contactless.

This credit card is one of the best cashback cards in Canada. It has a cash back rewards rate of 4% to 1% cashback. Also, you can get access to many other special perks, such as Visa Infinite Hotel Collection, Visa Infinite Concierge Service, and more!

This Amex card has a cashback rewards program of 2% back with no limit amount for purchases. Also, there is a current amazing welcome offer of 10% cashback in your first four months of account opening (up to $400). Plus, you can have additional card users at no cost.

When looking for a new credit card we tend to get a bit overwhelmed with so many options out there in the market. But if we do careful research, we can see that there is a good option that fits every cardholder profile. So, be sure to choose one of the cards above considering your finances.

Before you apply to any of these great credit cards, it can be good to read more about credit cards and how they really work. So, check out our post below about the advantages and disadvantages of using credit cards!