Be a Canadian resident. Have no bankruptcy claims within the past seven years. Additional qualifications commonly include credit score and annual income requirements. Generally speaking, cards with splashy perks, like premium travel benefits and robust insurance coverage, require stronger credit scores and...
How do travel credit cards work? Is a travel credit card worth it? What is the best travel credit card in Canada? What’s the best hotel rewards credit card in Canada? What is the best travel credit card for students? What’s the best Canadian Credit Card for lounge access?
These Canadian credit cards require cash deposits before they can be used and can be a practical option for those paying a visit to the Great White North.About the author Shannon Terrell Shannon Terrell is a lead writer and spokesperson for NerdWallet, where she writes about credit cards and ...
most credit cards in Canada charge a 2.5% fee when you make any purchase that’s not in Canadian dollars. That clearly adds up. When using the Wealthsimple Cash Card, you just pay the spot exchange rate. Since this is a no fee prepaid...
Canadian credit cards are available to residents and non-permanent residents. However, most premium credit cards require you to be a Canadian resident. You don't even need a credit history for other card types like prepaid and secured credit cards. At the end of the day, residency requirements...
Good credit history.Most banks only accept applicants who have a good credit history with no evidence of defaults. Residential status.Depending on the card, you might only be able to apply if you’re a Canadian citizen or a permanent resident. Some banks do offer cards to temporary residents...
The Best No Foreign Transaction Fee Credit Cards in Canada for 2025 Having one of the best no foreign transaction fee credit cards in Canada is essential since it’ll significantly reduce your costs when travelling. That’s because most Canadian credit cards charge a foreign transaction fee of…...
Prepaid cards are another option that require a deposit. The main difference between a prepaid card and a secured credit card is that prepaid cards can’t help build up your credit rating because your payment history is not reported to the either Canadian credit bureau. You can think of a ...
Canadian Imperial Bank of Commerce Chase Canada Desjardins Home Trust Company Laurentian Bank Royal Bank of Canada Scotiabank TD Canada Trust Vancouver City Savings Credit Union For reference, here are the five tiers of Visa credit cards. The higher the tier, the higher the benefits you can expect...
Best Canadian Aeroplan Credit Cards – FAQ Are Aeroplan credit cards worth it? What’s the best Aeroplan credit card for perks or member benefits? What’s the best Aeroplan business credit card? What’s the best Aeroplan credit card for students?