Visa credit cards are some of the most widely accepted credit cards in Canada and abroad. And given Visa’s vast selection of cards, it’s easy to find one that suits your needs. So, which should you choose? MoneySense’s guide to the best Visa credit cards in Canada will help you decide.
Best Visa credit cards in Canada
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Best cash back Visa card
CIBC Dividend Visa Infinite Card
Earn 2% to 4% cash back in five major spending categories, and redeem rewards at any time via CIBC online or mobile banking.
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Interest Rates:
20.99% purchase, 22.99% cash advance, 22.99% balance transfer
Welcome offer:
$300 value
Earn a 10% cash back welcome bonus of up to $300 (first 4 statements). Offer not available to QC residents. Terms and conditions apply.
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Best travel rewards Visa card
BMO eclipse Visa Infinite Card
Get an annual $50 lifestyle credit and an extra 10% in rewards when adding authorized users to your account.
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Interest Rates:
20.99% purchase, 23.99% cash advance, 23.99% balance transfer
Welcome offer:
$467 value
Earn 70,000 points worth $467 in travel rewards, a $50 lifestyle credit and the $120 annual fee waived in the first year.
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Best secured Visa card
Home Trust Secured Visa Card
Pay $59 per year for a 14.90% purchase interest rate, or pay no annual fee and get 19.99% interest—it’s your choice.
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Interest Rates:
19.99% purchase, 19.99% cash advance, N/A balance transfer
Compare popular Visa credit cards
Compare your options with the Visa cards available in Canada, using our interactive tool. You can filter credit cards based on rewards value, annual fees, income requirements and more. Use the tool below to compare credit card options, or keep scrolling for the top picks from the MoneySense editorial team.
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Check out the pros and cons of our top Visa picks across the cash back, travel, balance transfer and other categories.
Best cash back Visa credit card
At a glance: Take the sting out of inflation on essential items with this card: the CIBC Dividend Visa Infinite. You get 4% cash back on gas, EV charging and groceries, and 2% back on daily transit (including rideshares and public transit), dining and recurring payments. It’s also one of the best cash back credit cards in Canada, and it comes with perks like emergency medical and rental car collision insurance.
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CIBC Dividend Visa Infinite
Annual fee: $120 (rebated first year)
Welcome offer: Earn 10% cash back (up to $300 in cash back on your first four statements), plus a first-year annual fee rebate. Offer not available to Quebec residents.
Card details
| Interest rates | 20.99% on purchases, 22.99% on cash advances, 22.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 725 or higher |
Best travel Visa credit card
At a glance: The BMO Eclipse Visa Infinite is an impressive travel rewards earner with 5 BMO Rewards points per $1 spent on all food or transit-related purchases. It comes with a $50 annual lifestyle credit, which you can spend however you wish. And when you sign up an additional user ($50 per card), you’ll get 10% more points on all purchases.
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BMO eclipse Visa Infinite
Annual fee: $120 (waived first year)
Welcome offer: Earn 70,000 points ($467 value).
Card details
| Interest rates | 20.99% on purchases, 23.99% on cash advances, 23.99% on balance transfers |
| Income required | Personal income of $60,000 or household income of $100,000 |
| Credit score | 725 or higher |
| Point value | 1 BMO Rewards point = $0.0067 when redeemed for travel. |
Best low-interest Visa credit card
At a glance: The Flexi Visa from Desjardins credit union should be considered if you expect to carry a balance on your card. Its low standard interest rates—10.90% on purchases and 12.90% on cash advances—are the lowest in Canada for a no-fee credit card. Plus, it comes with some travel insurance, select rental car discounts and mobile device insurance.
Flexi Visa
Annual fee: $0
Rewards: Does not offer rewards.
Welcome offer: None at this time.
Card details
| Interest rates | 10.90% on purchases and 12.90% on cash advances |
| Income required | Not specified |
| Credit score | Not specified |
Best balance transfer Visa credit cards
Scotiabank Value Visa
At a glance: The Scotiabank Value Visa offers an enticing balance transfer option. The card’s annual fee is a manageable $29 after the first year, and its regular interest rate of 13.99% on purchases, cash advances and balance transfers—among the lowest around in Canada—can help minimize interest charges once the balance transfer promo ends.
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Scotiabank Value Visa
Annual fee: $29 (waived first year)
Balance transfer offer: Receive a 0% interest rate for 10 months on balance transfers.
Card details
| Interest rates | 13.99% on purchases, 13.99% on cash advances, 13.99% on balance transfers |
| Income required | $12,000 per year |
| Credit score | 725 or higher |
CIBC Select Visa
At a glance: For what really matters—the balance transfer promo, balance transfer fee, annual fee and regular interest rates—there’s little to distinguish the CIBC Select Visa from the Scotiabank alternative. The CIBC Select Visa is equally a great choice among balance transfer cards in Canada, offering a handful of perks, such as common carrier accident insurance and discounts on gas.
CIBC Select Visa
Annual fee: $29 (waived first year)
Balance transfer offer: Receive a 0% interest rate for up to 10 months on balance transfers and a two-year annual fee rebate.
Card details
| Interest rates | 13.99% on purchases, 13.99% on cash advances, 13.99% on balance transfers |
| Income required | $15,000 per year |
| Credit score | 660 or higher |
Pros
- Low balance transfer fee: The 1% fee ($10 per $1,000 transferred) is the lowest on this list of best Visa credit cards. The transfer fee savings on large balances here can be worth the annual fee for some Canadians.
- Low interest rates: The regular APR of 13.99% on purchases, cash advances and balance transfers is much lower than industry standards of 19.99%. If you carry a balance, that difference could be huge.
- Travel accident insurance: With this card, you get up to $100,000 in common carrier accident insurance, covering injuries while travelling on planes, cruises or other common carriers—a rare benefit for low-interest cards.
- Gas savings: Link this Visa card with Journie Rewards to save up to $0.10 per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.
Cons
- Balance transfer limit: When you transfer a balance, it cannot exceed 50% of your total approved credit limit, which may be restricting for Canadians looking to move a large balance.
Best secured Visa credit card
At a glance: What’s great about this Home Trust card is that you’re given a choice: If you’re willing to pay a modest annual fee of $59, you’ll save on interest with a 14.90% purchase interest rate. Or if you prefer no fee, you’ll be charged a higher interest rate of 19.99%. We like that this secured Visa card gives you the option to choose what works best for you for fees and interest.
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Home Trust Secured Visa
Annual fee: $0
Rewards: Does not offer rewards.
Welcome offer: None at this time.
Card details
| Interest rates | 19.99% on purchases and 19.99% on cash advances |
| Income required | None specified |
| Credit score | 300 or higher |