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Best Visa Credit Card Canada

Visa credit cards are offered by many banks and financial institutions. These cards are offered to a client who doesn’t want to bring cash with them but instead, use the credit that their cards contain in their transaction. These transactions can include either purchasing, getting an airplane ticket or simply for shopping purpose. These cards are categorized based on the features that are bound to it. The categories are as follows: Carry a Balance, Doesn’t Carry a Balance and Excellent to Good or Bad credit. Also, there is an additional category for the clients who spend much with their card and those who spend less but enjoy the benefits that their card offers.

Compare each cards specified below in order to learn what card suits your preference especially on how you care for your finances. And hopefully, you will be able to decide which card to apply for that caters what you need and apparently, enjoy its benefits and privileges.

Good Credit - Excellent Credit

The cards that are offered in this category are for those individuals who have good or excellent credit history. They are entitled to avail for the exclusive benefits that the bank or card company offers. Cards found in this portion have features like low interest rates, cash back guarantees, travel rewards and other amazing rewards. With how you handle your spending habit, you can surely pick one of the cards.

CARRY A BALANCE – REASONABLE INTEREST RATE CREDIT CARDS

In this category, when you receive the credit card you have applied for, it is carrying a balance with it where you can use it to do a transaction with business. You can use it for purchasing goods, items or in any way you prefer, as long as you use what is available credit limit the card has been entitled to. Best Visa Credit Card Canada. with this card is the interest rate which you are responsible to settle when the payment time comes.

CIBC Platinum Visa™ Card

When you are looking for a Visa credit card with extended purchasing power and premium benefit, CIBC Platinum Visa is the perfect card for you. It doesn’t have any annual fee even if the company gave you the best feature it can offer. Having an excellent credit history that you have build would be a great advantage when you apply for this card. More benefits are entailed this card that surely, you would take pleasure in.

Check the added benefits of this card:
• The credit card gives you a high credit limit of up to $50,000 for you to spend with your needs and desires. Credit limit starts at $5000.
• The card is protected with the automatic replacement repair or reimbursement coverage of the bank if the purchases you’ve made is lost, stolen or damaged within a gracious leeway of 90 days.
• The card is guaranteed of bundle no-fee insurances.
• VISA Auto Rental Collision/Loss-Damage Insurance is provided to the user.
• $500, 000 Common Carrier Accident Insurance is also given.
• Best Visa Credit Card Canada
• No worries of lost purchases as the card have Purchase Security and Extended Protection Insurance.
• Free personalized CIBC Convenience cheques for issuing payment.
• AVIS car rental gives 20% discount on their services at participating locations only.
• Cash advances of up to $1000 a day.
• Even hotel reservations are guaranteed by the card company.
• When card is lost or damaged, it is replaced with their Emergency card replacement program.
• VISA cards are accepted worldwide at over 24 million locations now.

CIBC Select Visa™ Card

This credit card lets their card holder enjoy a low interest rate of 11.5%. The card also offers a very least amount of annual fee which is at $29 only. This requires an excellent credit history which means that elite card users belong to this level. The mention card features are just two of the many benefits that the card offers.

Additional card benefits below:
• It instantly gives the card holder $100,000 Common Carrier Accident Insurance that can be used to give a helping hand to the customer when they unfortunately get into an accident.
• When renting a car, AVIS Car rental give the client a whapping 20% discount to all participating locations only.
• In using a cheque, CIBC is offering free personalized Convenience cheques.
• You can get 3 maximum credit cards per account with no extra charge coming from the card issuer.

DOESN’T CARRY A BALANCE – REWARD CARDS

This category belongs to the credit card user who pays off their balances every end of the month. They settle the amount of credit they have used and at the same time, get as much rewards coming from the points they have earned. Best Visa Credit Card Canada. These points are used to redeem rewards such as merchandise, gift certificates and a lot more.

We break these categories out by the kind of spenders: those individuals who spends a lot each month using their cards, or otherwise. (Generally the marker is around $2500 per month.) If you spend less than $2500 then you would consider a different card than if you spend more than $2500 per month.

Spend More Than $2500 / Month – Rewards Cards

Chase Sapphire Card

This credit card gives much bonus points which gives you the freedom to grab the rewards available using the bonus points earned. Travel, gift cards, merchandise, cash back and more are examples of the rewards it offers. Check the other benefits and compare it with other cards.

Chase Sapphire Card offers the following as additional features:
• Earn $100 in rewards which is equivalent of 10, 000 bonus points to use for redemption of surprises.
• Double points gained on flight tickets booked through Ultimate Rewards and single point for purchase made with the company.
• No points expiration and no limitation of how much point earned.
• Premier travel and purchase protection benefits given to the client.
• Dedicated service advisors are on standby 24/7.
• No annual fee charge even if the card company is giving all the card benefits it can offer.

CIBC Aerogold® Visa™ Card

Travel rewards are the most special feature of this card. It gives a lot of benefits for people who loves to travel for leisure or for business purposes. It also offers points that can be redeemed with equivalent rewards based on your points earned. The exclusive benefits are listed below. Best Visa Credit Card Canada.

List of CIBC Aerogold Visa™ Card benefits
• 15, 000 bonus Aeroplan® Miles on the first purchase of the card which is equivalent to one economy class short-haul flight at the ClassicFlight® reward level.
• Earn 1 Aeroplan Mile every time a dollar is spent by the card user.
• 1.5 Aeroplan Miles awarded for purchasing gas, groceries and items from the drugstores.
• Aeroplan participating partners also give additional points when you use the card at their stores or shops.
• Air Canada and Air Canada Jazz including Executive Class/Executive First 1 are given free access for the card users for the available seat only.
• CIBC guarantees the client that points earned will not be lost even being inactive for 12 months.

Capital One Venture Rewards Credit Card

Looking for a card that doubles your points? Capital One VentureSM offers it. It allows client to gain double miles on every purchase using the card. This is just one of the many fascinating benefits the card offers.

Here are the other features of the card:
• Earn 2 miles per dollar spent on your everyday purchases.
• When you have spent $1,000 in the first 3 months, instant 10, 000 bonus miles is awarded on your account.
• Avail the offer of flying free on any airline, anytime of the year with no blackout dates.
• No foreign transaction fee will be charged.
• Standby customer service is always available to help the clients.

Spend Less Than $2500 / Month – Rewards Cards

Chase Freedom Visa $50 Bonus Cash Back

This credit card gives many rewards to the client starting from the cash back of $50 during the first purchase of the card. It has 0% introductory APR and no annual fee being charged for this Chase Freedom Visa to its user. Check out the additional benefits offered for this card.

Chase Freedom Visa offers you more benefits:
• 5% cash back offers is returned to the card holder when purchasing gas, home improvement and department stores.
• Get additional 20% cash back when buying with the specific merchant online using the Chase credit card.
• 1% cash back for all the credit spent – no spending tiers or caps on how much you can earn.
• $50 bonus cash back during the card first purchase.
• No annual fee as well as introductory APR.

Capital One® No Hassle Miles Rewards

This credit card is for card holders who are frequent flyers but don’t want to spend much. They rely on the rewards they get coming from the points they’ve earned.

Here’s what you get for having this Capital One® No Hassle Miles Rewards credit card:
• 0% introductory APR on purchase until May of next year – 2011.
• No annual fee for this credit card.
• 1.25 miles points awarded for every dollar spent on buying merchandises.
• Earning points doesn’t have limits and expiration.
• Rewards offered to client are travel, merchandise, gift cards and other items.
• Mo blackout dates and no seat restriction policy given by the card company.
• Best Visa Credit Card Canada
• Fly to any destination with the airline of choice.
• No foreign transaction charges.

Bad Credit – Fair Credit

The credit cards that are going to be presented here are for client who needs to build their credit history back after experiencing past failure on handling their credit cards as well as their finances. These cards are categorized in three which are Secured credit cards, Carry a Balance and Don’t Carry a Balance. Any of these three choices may help you rebuild a good or excellent credit history. Furthermore, makes improvement of your credit rating. Try to compare each card and indentify what category you fit and the kind of credit card that compromise your needs.

SECURED CREDIT CARDS – REQUIRES MINIMUM SECURITY BALANCE

Credit cards shown in this category only requires minimum deposit which would then be the source of credit you can use to purchase or have transactions. But definitely you can add more soon when you get the chance of earning more money. The usual requirement of these cards is just putting up a security deposit with a certain amount of money.

Home Trust Secured Visa Card

This card company allows their client to build or rebuild their credit history without putting much financial burden. Cards that are discontinued don’t put the card holder at risk of trouble but only required to pay the outstanding balance as the company has served you. In exchange for the payment is that your security balance will be returned.

All the benefits that the cards offers:
• Minimum balance of $500 is all what the company needs for you to get the credit card.
• Interest rate is at 19.99% for cash advances and purchases.
• Annual fee is charged which is at $49.
• With card approval, everyone is considered prospects.
• Client can either make purchases over the phone or through online.
• Card holders access to their cash are available over 1 million Visa or Plus affiliated ATMs all over the world.
• Over 24 million locations worldwide are provided to the card holders to shop and use their credit card
• Easy to plan and book a vacation when using this Home Trust credit card.

RBC Royal Bank Secured Card

This card basically has of the same feature with other secured credit card. But what makes this card unique is that in a security account, the client is the one who will decide on how much he would deposit to the bank account. Best Visa Credit Card Canada. RBC Royal Bank gives the client the freedom how much to deposit to have the secured card.

Here are the secured card benefits enumerated below:
• A co-applicant is also entitled to get a card under one account.
• Spending limit of the card is based on how much the card holder has deposited in the security account.
• The security money is deposited in RBC Guaranteed Investment Certificate (GIC) under the client’s name. This would then gain interest as long as the money there.
• Once the client has established a good credit rating after using the secured card well, the bank will release the GIC security from the clients account.
• 18 month is the minimum requirement to establish a credit rating.

CARRY A BALANCE – GOOD REWARDS AND BENEFITS

The cards under this category are those cards that contain credit that caters client who have fair or bad credit history. Credits that are given are enough for the card holder to use and not to get in trouble again with financial problems. This care will help these clients as they will provide reports to the credit bureaus monthly. Choose the card that is vital for you.

Orchard Bank Platinum Visa®

The Orchard Bank Platinum Visa is an ideal card for building or rebuilding credit. We present the card benefits that allow managing your account easy, such as a payment due date that you have chosen and online account access 24/7. The bank also provides text or email alerts to advise you ahead of time that a payment is due.

Rewards and Benefits of the credit card:
• Reports to 3 major credit bureaus monthly to update the client’s rebuilding of credit history.
• Customer service is ready to assist the card holder for questions or concerns.
• The card is accepted over millions of areas worldwide.
• Website purchases and reservation is available for service.
• The bank offers their client to create a personalized credit card.
• Card holders are given the opportunity to choose what day the bank will set with the due date.
• You can manage your account 24/7 through online service.
• Receive emails and text messages sent by the bank for reminders on due billings.
• Annual fee is at a reasonable cost of $39-$59.

DOESN’T CARRY A BALANCE – REWARDS CARD

Credit card offered here is card that give certain amount of rewards in exchange of points earned either through the bonuses given by the bank or company or from the purchases made. Mostly, the card holders don’t spend much but collect points to get the rewards they want from the available offers. Best Visa Credit Card Canada.

Capital One® Students Rewards Card

This card is for students who are in need of building their credit history back to where it was before. They utilize this card for purchasing and collecting rewards point. Furthermore, make an impression the credit bureau on how they settle their balances which is one factor to consider in rebuilding a credit history as well as credit rating.

Benefits entitle by the company to the card user:
• No annual fee charge is guaranteed.
• 2% cash back on payments made on restaurant, entertainment, cell phone and books bills.
• 1% cash back on all other purchases made using the Student rewards card
• Earning cash back is one way of building again the client credit history.
• The client is given the option on how to redeem the cash back. It may be set-up for hassle-free automatic redemptions.

See Also

Best Credit Cards Canada

Best Balance Transfer Credit Cards Canada

Best Cash Back Credit Cards Canada

Best Capital One Credit Cards Canada

Best MasterCard Credit Cards Canada

Best MBNA Credit Cards Canada

Best Visa Credit Cards Canada

Best Secured Credit Cards Canada

Travel Credit Cards Canada

References

Canadian-Money-Advisor Credit Cards

Canadian Credit Cards

Best Credit Cards in Canada

Cash Back MasterCard Credit Card Canada

Cash Back Visa Credit Card Canada

Rewards Credit Card Canada

External Links

List of Top Visa Credit Cards

Canadian Credit Cards

FCAC - Best Credit Cards in Canada

Best Credit Cards Comparison

MBNA Credit Cards

Credit Card Reviews

BEST VISA CREDIT CARDS CANADA