The Best Visa Credit Cards in Canada 2022

When it comes to credit card processors in Canada, Visa is a top player. Everyone recognizes the name, and for the most part, Visa is widely accepted across Canada and abroad, making it a smart choice for consumers. With everything from no annual fee cards to cash back cards to student cards, Visa has a credit card option to meet your needs. We’re sharing our top picks for the best Visa credit cards in Canada for 2022.

The Best Visa Credit Cards in Canada in 2022

Best Visa Card for Travel: TD® Aeroplan® Visa Infinite* Card

Online exclusive: Earn up to 50,000 Aeroplan points†. Plus, first year no Annual Fee†. Conditions Apply. Must apply online by January 3, 2023.

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If you are a frequent traveller, then consider adding the TD® Aeroplan® Visa Infinite* Card to your wallet starting with a generous Welcome Offer for New Cardholders.

Earn up to $1,400 in value† including up to 50,000 Aeroplan points, no annual fee for the first year and additional travel benefits. Must apply online by January 3, 2023.

• Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card†

• Earn 20,000 Aeroplan points when you spend $1,500 within 90 days of Account opening†

• Plus, earn an additional 20,000 Aeroplan points when you spend $7,500 within 12 months of Account opening†

• Enroll for NEXUS and once every 48 months get an application fee rebate†, and share free first checked bags†

• Plus, get an annual fee rebate for the first year†.

To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 4, 2023.

Earn 1.5 points† for every $1 spent on eligible gas, grocery and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card. Earn 1 Aeroplan point† for every $1 spent on all other purchases made with your card. You can also earn points twice when shopping at the Aeroplan store or participating retailers when you shop with your TD® Aeroplan® Visa Infinite* Card and present your Aeroplan membership card†.

Additional perks with the TD® Aeroplan® Visa Infinite* Card include comprehensive travel insurance†, a free first checked bag for you and up to 8 travel companions on the same reservation for Air Canada flights†, and more.

The Details:

• Annual Fee: $139 (first-year annual fee rebate)†
• Income Eligibility: $60,000 personal or $100,000 household annual income
• Credit Score Required: Good;Excellent
• Welcome Bonus: Online exclusive: Earn up to 50,000 Aeroplan points†. Plus, first year no Annual Fee†. Conditions Apply. Must apply online by January 3, 2023.
• Additional Perks: Travel insurance†, Nexus fee rebate†, Auto Rental Collision/Loss Damage Insurance†, and no Aeroplan points expiry for cardholder as long as you are in good standing
• Interest on Purchases: 20.99% | Interest on Cash Advances: 22.99%

This offer is not available for residents of Quebec. For Quebec residents, please click here.

†Terms and conditions apply.

Best Visa Card for Cash Back: Scotia Momentum® Visa Infinite* Card

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023.

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When it comes to the best Visa card in Canada for cash back, our top pick is the Scotia Momentum® Visa Infinite* Card. Not only is it one of the best Visa credit cards, but it’s also one of the best cash back credit cards in Canada. Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases. Earn 2% for every $1 you spend on gas purchases and daily transit purchases, and 1% cash back on all other purchases with no cash back limit.

New cardholders pay no annual fee in the first year, including on supplementary cards.¹ Additional perks with the Scotia Momentum® Visa Infinite* Card include Visa Infinite* privileges, a comprehensive travel insurance package, and new mobile device insurance.

The Details:

• Annual Fee: $120 (first year waived)
• Income Eligibility: Meet a minimum annual income of $60,000 or a minimum household income of $100,000 or minimum assets under management of $250,000
• Credit Score Required: Excellent
• Welcome Bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ No annual fee in the first year, including on supplementary cards.¹ Offer ends April 30, 2023.
• Additional Perks: New mobile device and travel insurance
• Interest on Purchases: 20.99% | Interest on Cash Advances: 22.99%

¹ Conditions Apply. Visit here for the Scotia Momentum® Visa Infinite* Card to learn more.

Best Visa Card for Student: Scotiabank® Scene+™ Visa* Card

Earn up to 10,000 bonus Scene+ points within your first year.¹ Earn 5,000 bonus Scene+ points by making at least $750 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 5,000 Scene+ point bonus when you spend at least $5,000 in everyday eligible purchases in your first year. Offer ends April 30, 2023.

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Students looking for a no annual fee credit card with some great perks should consider the Scotiabank® Scene+™ Visa* Card. This credit card is considered to be one of the best student credit cards in Canada, thanks to how easy it is to collect and redeem points for free movies or discounts at participating restaurants.

Earn 2X+ Scene+ points on every $1 you spend on all eligible purchases¹ at Sobeys, Safeway, Foodland & Participating Co-ops, FreshCo, and more eligible grocers. Earn 2X Scene+ points for every $1 you spend on credit card purchases at Cineplex™ theatres or at cineplex.com, and 1 Scene+ point for every $1 you spend on your everyday credit card purchases. Points can be redeemed at several movie theatres or at partner restaurants. New cardholders can also earn a bonus right now. Earn up to 10,000 bonus Scene+ points within your first year.¹ Offer ends April 30, 2023. Cardholders also receive preferred rates on car rentals with participating AVIS and Budget rent-a-car locations.

The Details:

• Annual Fee: $0
• Income Eligibility: $12,000
• Credit Score Required: Good
• Welcome Bonus: Earn up to 10,000 bonus Scene+ points within your first year.¹ Offer ends April 30, 2023.
• Additional Perks: Car rental discounts at participating AVIS and Budget rent-a-car locations.
• Interest on Purchases: 19.99% | Interest on Cash Advances: 22.99%

¹ Conditions Apply. Visit here for the Scotiabank® Scene+™ Visa* Card to learn more.

Best Visa Card with No Annual Fee: Scotia Momentum® No-Fee Visa* Card

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ Plus get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that, annual fee $0).¹ Offer ends April 30, 2023.

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Don’t feel like paying for the privilege of using a credit card? Don’t worry, we’ve got you covered with the Scotia Momentum® No-Fee Visa* Card. Most no annual fee credit cards offer very limited (if any) perks and benefits but the Scotia Momentum® No-Fee Visa* Card allows cardholders to earn cash back on eligible purchases and comes with a few additional perks.

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ Plus get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that, annual fee $0).¹ Offer ends April 30, 2023.

After the welcome period, users can still accumulate cash back. Earn 1% cash back on all eligible gas stations, grocery stores, drug stores purchases and recurring payments. Earn 0.5% cash back on all other eligible purchases. Another benefit of the Visa card is that cardholders will receive a discount on car rentals at participating AVIS or Budget locations.

The Details:

• Annual Fee: $0
• Income Eligibility: $12,000
• Credit Score Required: Good
• Welcome Bonus: Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).¹ Plus get a 0.00% introductory interest rate on balance transfers for the first 6 months (22.99% after that, annual fee $0).¹ Offer ends April 30, 2023.
• Additional Perks: Cash back; discounts on car rentals at participating AVIS and Budget locations
• Interest on Purchases: 19.99% | Interest on Cash Advances: 22.99%

¹ Conditions Apply. Visit here for the Scotia Momentum® No-Fee Visa* Card to learn more.

Best Visa Card for Balance Transfer: Scotiabank Value® Visa* Card

0% introductory interest rate on Cash Advances, including Balance Transfers, for the first 6 months (12.99% after that; annual fee $29).¹ Plus no annual fee in the first year.¹ Offer ends April 30, 2023.

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If you tend to carry a balance each month, adding the Scotiabank Value® Visa* Card to your wallet is a smooth move. Offering a 12.99% interest rate for purchases, this card also has one of the lowest interest rates on the market, and it could save you oodles in interest charges. For example, if you carried a balance of $3,000 on this credit card, you would pay $32.03 per month in interest charges. If you carried that balance on a credit card charging 19.99% interest, you would pay $49.29 per month. After just two months, that’s enough interest saved to pay for the $29 annual fee.

Plus, get a 0% introductory interest rate on Cash Advances, including Balance Transfers, for the first 6 months (12.99% after that; annual fee $29).¹ Plus no annual fee in the first year.¹ Offer ends April 30, 2023. Cardholders will also save up to 25% off on base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S. when you pay with your card.

The Details:

• Annual Fee: $29
• Minimum Income Eligibility: $12,000
• Credit Score Required: Good
• Welcome Offer: 0% introductory interest rate on Cash Advances, including Balance Transfers, for the first 6 months (12.99% after that; annual fee $29).¹ Plus no annual fee in the first year.¹ Offer ends April 30, 2023.
• Additional Perks: Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
• Interest on Purchases: 12.99% | Interest on Cash Advances: 12.99% | Interest on Balance Transfers: 12.99%

¹ Conditions Apply. Visit here for the Scotiabank Value® Visa* Card to learn more.

Comparing the Best Visa Credit Cards in Canada in 2022

†Terms and conditions apply.

The offer for the TD® Aeroplan® Visa Infinite* Card is not available for residents of Quebec. For Quebec residents, please click here.

Closing Words: How to Choose?

When it comes to choosing a credit card, Visa has plenty of options. Whether you’re looking for a low-interest rate, cash back rewards, or no annual fee, each of these best Visa credit cards in Canada has something to offer. However, if you’re a frequent traveller looking to maximize your travel rewards, then you may want to check out the best travel credit cards in Canada. Or if you want to compare the competition, check out the best Canadian credit cards before making a decision. If you’re chasing a low-interest rate, consider one of the best low-interest rate credit cards in Canada. You’re bound to find something that suits your needs.