The best credit card in Canada is the American Express Cobalt Card, which consistently ranks as one of the top overall rewards cards in the country and was named Best Overall Credit Card in Ratehub’s 2026 Credit Card Awards. The Cobalt stands out for its exceptional earning potential, especially in everyday categories like dining and groceries, along with flexible, high-value points and strong travel insurance coverage. It’s a versatile choice for Canadians who want a single card that rewards both daily spending and travel.

The credit card in Canada with one of the best welcome bonuses right now is the TD Aeroplan Visa Infinite, which regularly offers a high-value introductory bonus for new cardholders who meet the spending requirements. Aeroplan cards tend to deliver some of the most competitive welcome offers in Canada, especially for travellers who can make use of flight rewards and travel benefits.

That said, welcome bonuses change often, and the “best” offer can shift throughout the year. To find the strongest current promotions, it’s worth comparing cards based on total bonus value, required spending, and how well the card’s long-term rewards and fees fit your lifestyle. You can see the latest offers on Ratehub’s best credit card promotions page.