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171 Canadian Credit Cards Ranked For 2021 By The creditcardGenius Algorithm
Friday, January 8, 2021
MONCTON, NB, Jan. 5, 2021 /PRNewswire/ - Today, the best credit cards in Canada for 2021 have been announced by creditcardGenius. Covering 26 categories, over 126 features of 171 Canadian credit cards were analyzed by a math-based comparison engine.
Built by Atlantic Canadians, creditcardGenius is a free resource for people looking to optimize their rewards and maximize their savings. Steadily fine-tuned for over a decade, an objective scoring system fills the gap for an apples-to-apples credit card comparison based on rewards, fees, interest rates, insurance coverage, real-time user preferences, and more.
"When I started developing the card comparison algorithm a decade ago, there was nothing on the market that could take into account all the different factors you need to consider," said Stephen Weyman, Co-Founder of creditcardGenius. "We've been consistently improving it, and now we analyze over 126 data points per credit card to compute that one single score - our Genius Rating."
Since the pandemic, consumer preferences have shifted towards cash back rewards, low fees, and cards with easy approval. The demand for low interest cards remains steady. Canadians can fine-tune their search to find the card that best meets their needs, no matter the preference.
Select preview of the best Canadian credit card winners:
Category
Best For
Winner
---
Best
Cash
Back Hassle-free cash rewards
Scotia Momentum Visa Infinite
---
Best
Low
Interest Savings on interest fees
HSBC +Rewards Mastercard
---
Best
Balance
Transfer Savings on existing debt
BMO CashBack Mastercard
---
Best
No
Fee Earning rewards for free
Brim Mastercard
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Best
Student Building credit score early
BMO CashBack Mastercard for students
---
Best
Mastercard High merchant acceptance
BMO Air Miles World Elite Mastercard
---
Best
Visa
Premium travel perks
TD Aeroplan Visa Infinite Card
---
Best
American
Express
High-value rewards
American Express Cobalt Card
---
Best
Overall
All-around value
American Express Cobalt Card
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You can see all 26 categories on their Best Credit Cards in Canada 2021 page.
About WeyMedia Inc:
Trusted by over 351,000 readers and subscribers every month, WeyMedia is a leading Canadian personal finance company that brings well-researched content and financial tools to the everyday consumer. Starting with HowToSaveMoney in 2010, WeyMedia began helping Canadians learn how to make every dollar count. Then creditcardGenius was launched in 2017, providing Canadians with the only credit card matchmaker that instantly compares 126+ features of more than 300 Canadian and American credit cards.
View original content to download multimedia:http://www.prnewswire.com/news-releases/171-canadian-credit-cards-ranked-for-2021-by-the-creditcardgenius-algorithm-301201214.html
SOURCE Weymedia Inc
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