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Finding the Best Credit Card for Canadian Families: A Comprehensive Guide
- Lina Zussino
- Nov 28, 2023
- 3 min read
Choosing the best credit card for Canadian familes can make a world of difference. With various rewards, benefits, and features tailored to suit family expenses, the best credit card can help you save on everyday purchases, earn cashback, or even fund your next family vacation. In this blog post, we will explore the best credit cards for Canadian families and discuss their unique perks, helping you make an informed decision.
1. Scotiabank Gold American Express Card The Scotiabank Gold American Express Card is an excellent choice for families who frequently dine out or enjoy shopping for groceries.
This card offers: - 5 Scotia Rewards points per dollar spent on eligible grocery, dining, and entertainment purchases - 3 Scotia Rewards points per dollar spent on eligible gas, transit, and select streaming service purchases - 1 Scotia Rewards point per dollar spent on all other purchases - No foreign transaction fees - Comprehensive travel insurance coverage With a great rewards structure and valuable travel perks, the Scotiabank Gold American Express Card makes it easy for families to earn points on everyday expenses and redeem them for travel, merchandise, or gift cards.
2. Tangerine World Mastercard
If you're looking for a no-annual-fee credit card that offers cashback on family expenses, the Tangerine World Mastercard is an excellent option.
This card offers:
- 2% cashback on two categories of your choice (e.g., groceries, gas, recurring bill payments, etc.)
- 0.5% cashback on all other purchases
- No annual fee
- Mobile device insurance and rental car insurance
The Tangerine World Mastercard allows you to tailor your cashback rewards to your family's spending habits, making it a versatile option for budget-conscious families.
3. TD Cash Back Visa Infinite Card
The TD Cash Back Visa Infinite Card is another great cashback card for families, offering generous rewards on everyday purchases.
This card features:
- 3% cashback on eligible gas, grocery, and recurring bill payments
- 1% cashback on all other purchases
- Comprehensive travel insurance coverage
- Annual fee rebate for the first year
With its high cashback rate on family essentials and valuable insurance coverage, the TD Cash Back Visa Infinite Card can help families save on everyday expenses and stay protected while traveling.
4. CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite Card is a top contender for families looking for a credit card with robust cashback rewards.
This card offers:
- 4% cashback on eligible gas and grocery purchases
- 2% cashback on eligible transportation, dining, and recurring bill payments
- 1% cashback on all other purchases
- Comprehensive travel insurance coverage
- Annual fee rebate for the first year
The CIBC Dividend Visa Infinite Card's high cashback rate on gas and groceries, combined with its additional benefits, makes it an attractive option for families looking to maximize their savings.
5. BMO World Elite Mastercard
If your family enjoys traveling, the BMO World Elite Mastercard might be the perfect fit.
This card offers:
- 3 BMO Rewards points per dollar spent on travel, dining, and entertainment purchases
- 2 BMO Rewards points per dollar spent on all other purchases
- Comprehensive travel insurance coverage
- Access to airport lounges through Mastercard Airport Experiences by LoungeKey
- Annual fee rebate for the first year
The BMO World Elite Mastercard's generous rewards structure and travel perks make it an excellent option for families who love exploring new destinations.
When choosing the most suitable credit card for your family, it's essential to take into account your spending patterns and personal preferences. Whether you desire to receive cashback on your regular expenditures, accrue travel incentives, or benefit from premium privileges, there is a specifically designed credit card available to meet your requirements.
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