Discover the Best Credit Cards in Canada for 2026

As Canadians prepare for the upcoming year, many are considering switching their credit cards. On March 1, 2026, Ratehub announced its findings for the best credit cards in Canada, providing a comprehensive overview of options tailored for various needs. The report emphasizes standout selections across several categories, assisting consumers in making informed choices based on their financial lifestyles.

The top honors go to the **American Express Cobalt Card**, named the best overall rewards credit card for the sixth consecutive year. The card recently increased its monthly fee in November, yet it remains a popular choice among users seeking flexibility in rewards. According to Ratehub, “The American Express Cobalt continues to be a top choice for cardholders who want a flexible rewards program that fits both everyday spending and travel.” This card offers a generous welcome bonus and the ability to earn five times the points on eligible dining and grocery purchases, along with two times the points on ride shares, transit, and gas.

For frequent travelers, the **Scotiabank Gold American Express Card** has been recognized as the best travel credit card. Ratehub highlights its impressive earn rates and comprehensive travel insurance as major factors in its selection. “It’s an especially rewarding option for those who spend on dining, entertainment, and travel, offering consistent value and protection for frequent flyers and casual travellers alike,” the report states. Users can earn up to six times the Scene+ points at various grocery stores, in addition to enjoying access to VIP airport lounges. This card also secured awards for best groceries, best restaurants, and best travel insurance.

Those focused on cash back will find the **CIBC Dividend Visa Infinite** card to be the best option in that category. Ratehub notes that it features one of the highest earn rates on groceries and gas, along with flexible redemption options. “With premium Visa Infinite benefits and the flexibility to redeem cash back whenever you want, this card continues to be a reliable choice for maximizing savings on daily spending,” the report outlines. It also received recognition as the best credit card for gas.

Here is the complete list of award winners as identified by Ratehub for 2026:

– **Best overall rewards credit card & People’s Choice Award**: American Express Cobalt Card
– **Best travel credit card**: Scotiabank Gold American Express Card
– **Best cash back credit card**: CIBC Dividend Visa Infinite
– **Best no-fee cash back credit card**: Simplii Cash Back Visa
– **Best balance transfer credit card**: CIBC Select Visa Card
– **Best low-interest credit card**: MBNA True Line Mastercard
– **Best student credit card**: PC Mastercard
– **Best newcomer credit card**: BMO CashBack Mastercard
– **Best premium credit card**: American Express Aeroplan Reserve Card
– **Best business credit card**: Marriott Bonvoy Business American Express Card
– **Best credit card for credit building**: Secured Neo Mastercard
– **Best credit card for gas**: CIBC Dividend Visa Infinite
– **Best credit card for groceries, restaurants, and travel insurance**: Scotiabank Gold American Express Card

For further details on each credit card, individuals can refer to Ratehub’s full report, which provides insights into features, benefits, and eligibility criteria tailored to diverse consumer needs. As Canadians navigate their financial options, these awards serve as a valuable resource for finding the right credit card to suit their lifestyle in 2026.