Best Credit Cards for Canadians with Good Credit Scores
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Best Credit Cards for Good Credit Score

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Last updated on March 14, 2023

Having a good credit score is critically important in Canada, because it indicates your creditworthiness to lenders if you’re ever looking to secure additional credit. Not only does a good credit score make you more likely to be approved when you apply for a credit card, but it may also mean that the credit cards that you’re qualified to apply for will offer premium perks and benefits.

What are the best credit cards for Canadians with good credit scores? Below are six of our top suggestions.

Best Credit Cards for People with Good Credit

Credit CardAnnual FeeCard TypeKey Features 
CIBC Dividend Platinum® Visa CardSee terms belowCash Back After the Welcome Offer ends 3% cash back on gas and groceriesApply Now
TD® Aeroplan® Visa Infinite* Card$139 (first year rebated)Travel/Aeroplan1.5 points per $1 spent on eligible gas, groceries, and and direct through Air Canada® purchases (including Air Canada Vacations®) made with your cardApply Now
American Express Cobalt® Card$155.88 ($12.99 monthly fee)Rewards5 points per $1 spent on groceries, restaurants, and food delivery in CanadaApply Now
BMO Ascend™ World Elite®* Mastercard®*$150Travel5x the points for every $1 spent on eligible travel purchases*
Apply Now
The PC Financial® World Elite Mastercard®$0Grocery Rewards30 points per $1 spent in Loblaw network grocery storesApply Now
BMO CashBack® Business Mastercard®*$0Business1.5% cash back on gas, office supplies, and recurring cell phone/internet bills*Apply Now

Terms and conditions apply.

#1 CIBC Dividend Platinum® Visa Card

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Who’s Eligible?
– Minimum Credit Score: Excellent
– Minimum Income: $15,000
– Age: Age of majority in province
– Residency: Canadian resident
– Other: No bankruptcy for the past 7 years


The CIBC Dividend Platinum® Visa Card is a great option for those who want to bump up their everyday cash back rates, as it gives 3% cash back in two common spending categories: gas and groceries after the Welcome Offer ends.† New cardholders can also take advantage of the CIBC Dividend Platinum’s welcome offer: Get a first-year annual fee rebate for you and up to three Authorized Users and earn 15% cash back welcome bonus for the first 4 statements of up to $300!

Though the card has a $99 annual fee, this is rebated for the first year, and you can easily earn enough cash back in a given year to make up for the fee and then some. The interest rates are: 20.99% Purchase Annual Interest Rate, 22.99% (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99% (for non-Quebec residents only) Balance Transfer Annual Interest Rate.. We recommend the card to anyone who expects to spend at least $300 on gas and groceries each month, which will yield $108 in cash back over the course of a year. The card’s overall value is even more notable given its low minimum income requirement: applicants need to make only $15K or more annually.

This is a digital-exclusive offer. To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.

Conditions apply

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Click here to apply or learn more by reading our complete CIBC Dividend Platinum® Visa Card review.

#2 TD® Aeroplan® Visa Infinite* Card

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Eligibility Criteria:
– Standard Purchase APR: 20.99%
– Balance Transfer APR: 22.99%
– Cash Advance APR: 22.99%
– Current Promotion Expires: May 28, 2023
– Credit score required: Good-Excellent
– Min personal income required: $60,000
– Annual fees: $139 (Annual Fee Rebate the first year)

If you’re looking for a credit card with a generous sign-up bonus, then the TD® Aeroplan® Visa Infinite* Card is the first option you should consider. Special Offer: Earn up to 55,000 Aeroplan points. Plus, first year no Annual Fee. Conditions Apply. Must apply by May 28, 2023.

You’ll earn 1.5 Aeroplan points per $1 spent at participating gas, grocery, and direct through Air Canada® purchases (including Air Canada Vacations®) made with your card, and 1 Aeroplan point† for every $1 spent on all other purchases made with your card. Additional perks include travel insurance, and discounts at participating Avis and Budget Rent-A-Car locations.

Click here to apply or learn more by reading our complete TD® Aeroplan® Visa Infinite* Card review.

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

Terms and conditions apply.

#3 American Express Cobalt® Card

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The American Express Cobalt® Card has become one of the most popular cards in Canada recently, particularly among millennials. New applicants can take advantage of an introductory offer: In your first year as a new Cobalt® Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in purchases on your Card. This could add up to 30,000 points in a year. That’s up to $300 towards a weekend getaway or concert tickets. Conditions apply.

The fee to have the card is $155.88 ($12.99 monthly fee), which is more of a subscription model and appeals to those who don’t like paying their annual fee in one lump sum. What really makes the card shine though is that it earns 5 points per $1 spent on eligible eats and drinks, including groceries and food deliveries. The travel category earns 2 points per $1 spent, which is also notable since public transportation and rideshare charges count as part of the category. You also earn 3 points for every $1 spent on eligible streaming services. All other purchases nab 1 point per dollar spent. American Express Membership Rewards Points can be redeemed toward the card’s statement balance, on gift cards, and for merchandise, but cardholders will get maximum value when redeeming points on travel.

Click here to apply or learn more by reading our complete American Express Cobalt® Review

#4 BMO Ascend™ World Elite®* Mastercard®*

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Eligibility Criteria:
– Credit score required: Excellent
– Min personal income required: $80,000
– Annual fees: $150

Those looking for a solid all-around travel credit card should consider the BMO Ascend™ World Elite®* Mastercard®*. New cardholders get up to 60,000 points and the annual fee waived in the first year for both the primary cardholder and authorized users.* Cardmembers also receive complimentary membership in Mastercard Travel Pass provided by DragonPass,* with four annual complimentary passes.

Additionally, cardholders will be covered with comprehensive travel insurance*. As for the earn rate, you’ll get 5x the points for every $1 spent on eligible travel purchases,* 3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments,* 1 point for every $1 spent everywhere else.* Points can be redeemed toward travel through the BMO Rewards website, with one of the major benefits being that there are no blackout periods.

Apply here or learn more by reading our complete BMO Ascend™ World Elite®* Mastercard®*.

*Terms and conditions apply

#5 The PC Financial® World Elite Mastercard®

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Eligibility Criteria:
– Credit score required: Fair-Good
– Min personal income required: $80000
– Annual fees: $0

A favourite on the market right now is the PC Financial® World Elite Mastercard®, a great no annual fee card for Canadians who shop at Loblaws and Shoppers Drug Mart, since it rapidly earns PC Optimum points. Cardholders earn 45 PC Optimum points for every dollar spent at Shoppers Drug Mart or Pharmaprix. Purchases made at PC Travel and anywhere else President’s Choice products are sold earn 30 points per $1 spent. Additionally, the PC Financial® World Elite Mastercard® comes with 10 days of free travel insurance. Points are easy to redeem, as cardholders need 10,000 points to claim $10 in groceries or merchandise—just present your card to the cashier when you are making a purchase and ask to redeem them.

Click here to apply or learn more by reading our complete PC Financial® World Elite Mastercard® review.

#6 BMO CashBack® Business Mastercard®*

Apply Now

Eligibility Criteria:
– Credit score required: N/A
– Min personal income required: N/A
– Annual fee: $0

The BMO CashBack® Business Mastercard®* is the perfect companion to make sure you’re getting the most from your business’ everyday dealings. With a strong promotional offer of 10% cash back on gas, office supplies, and cell phone or internet recurring payments for your first 3 months*, you can get back quite a bit on the expenses you currently have. After those first 3 billing cycles, your earn rate will reduce to 1.75% at Shell stations*, 1.5% on eligible gas station, office supplies and recurring cell phone/internet bills*, and finally, 0.75% on all other purchases*. Plus, there’s a 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*

If you’re a business owner, this card offers optional employee cards and liability protection* in case any of your employees start feeling a little too “generous”. Best of all, with a $0 annual fee, all that’s left is to start earning!

Click here to apply for the BMO CashBack® Business Mastercard®*.

*Terms and conditions apply

Recommended Read: Visa Infinite vs. World Elite Mastercard.

This article is intended for Canadian consumers with credit scores 700; 710; 720; 730; 740; 750; 760; 770; 780; and 790. If your credit score is below this range, please read our articles about the best credit cards for average/fair credit scores and the best credit cards for poor credit scores. This post was not sponsored. The views and opinions expressed in this review are purely my own.

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Author Bio

Hannah Logan
Hannah Logan is a freelance finance and travel writer/blogger based in Ottawa. Her stories have appeared on Fodor’s Travel, Livestrong, World Nomads, Intrepid Travel, and more. You can keep up with her at or follow her on Twitter and Instagram: hannahlogan21.

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