The Best Canadian Credit Cards of 2015's Annual Credit Card Ranking Gets Straight to the Point

TORONTO, Oct. 21, 2015 /CNW/ - What offers the best value: a mile, a point, or cash back? Are annual fees worth it? How can a promotional interest rate help pay off a lingering balance?

These are some of the most common questions posed by Canadian credit card shoppers - but when it comes to choosing a card, it's not always clear which are top performers., Canada's comprehensive financial rates comparison site, has taken the guesswork out of picking your plastic with the 2015 Best of Finance Awards, a ranking of the hardest-working credit cards and banking products in Canada.

"It can be tricky to assess whether a credit card will help or harm your bottom line over the long run," says Penelope Graham, Editor at "Plush signup bonuses and promised freebies may appear to provide great value, but it's important to choose a card with features that practically fit your personal spending habits."

To determine and compare the true value proposition of each card, converted rewards - from points and miles to interest promotions - to cash earned over a 24-month period, based on the average Canadian household expenditure*. To find their own perfect credit card fit, consumers can use's Credit Card Rewards Calculator. The Awards also ranked the top Canadian banking and investment options. The full list of winners and selection methodology can be viewed here.

And without further ado... The 2015 Credit Card Winners Are...

The Best Credit Cards in Canada

Cash Back

WINNER: Scotia Momentum® VISA Infinite* Card

2nd Place: MBNA Smart Cash MasterCard® Credit Card

3rd Place: SimplyCash Card from American Express

Travel Rewards - With Fee
WINNER: Scotiabank®* Gold American Express® Card

2nd Place: BMO® World Elite™ MasterCard®*

3rd Place: RBC Royal Bank® Visa Infinite‡ Avion®

Travel Rewards - No Fee
WINNER: Blue Sky Credit Card

2nd Place: Capital One® Aspire Travel™ Platinum MasterCard®

3rd Place: Shell AIR MILES®† MasterCard®* from BMO

Travel Rewards Loyalty Program

WINNER: TD® Aeroplan® Visa Infinite* Card

Grocery Rewards

WINNER: President's Choice Financial® MasterCard®

Gas Rewards

WINNER: MBNA Smart Cash MasterCard® Credit Card

2nd Place: Shell AIR MILES®† MasterCard®* from BMO

3rd Place: Shell CashBack MasterCard®* from BMO

Low Interest

WINNER: MBNA TrueLine® MasterCard Credit Card

2nd Place: National Bank Syncro MasterCard®

3rd Place: Desjardins Visa Gold Modulo

Low Balance Transfer

WINNER: Platinum Plus® MasterCard® credit card

2nd Place: President's Choice Financial® MasterCard®

3rd Place: Scotiabank Value® VISA* card

Building Credit

WINNER: National Bank MC1 MasterCard®

2nd Place: Home Trust Secured Visa Card

3rd Place: Capital One® Guaranteed MasterCard® (both secured and unsecured)


WINNER: TIE - Scotiabank L'earn® VISA* card

WINNER: TIE - StudentAwards MBNA Rewards MasterCard® credit card

2nd Place: BMO® SPC®‡ CashBack MasterCard®*

Special Mention: Scotiabank SCENE® VISA* card


About (

Over 7 Million Canadians have found their best rate for personal finance products on Launched in 2008, is Canada's most comprehensive rate comparison site, offering visitors transparent access to the best mortgage rates as well as credit cards, bank accounts, insurance quotes and GIC rates.


For further information: Tara Bolger, Blue Sky Communications, 416.929.2052,


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