Best Credit Cards For Purchase Protection In Canada For January 2025

In addition to having standard purchase protection for up to 90 days on eligible purchases, the CIBC Dividend Visa Infinite has one of the best cash-back rates in Canada. Additionally, the card comes with tons of other insurance coverage including rental car insurance, mobile device insurance, out-of-province medical coverage and more.

Learn more: Read our CIBC Dividend Visa Infinite Card Review

• Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $250 (first 4 statements)!†
• After that, get 4% cash back on eligible gas, EV charging, and grocery purchases.†
• 2% cash back on eligible transportation, dining purchases and recurring payments†
• 1% cash back on all other purchases†
• Get cash back on demand – redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†
• Save on gas with CIBC and Journie Rewards
  • Link and use your CIBC Dividend® Visa Infinite* Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
• This is a digital-exclusive offer.†
• To be eligible for this offer:
  • 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and
  • 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.†
  • This offer is reserved for you. Please do not forward it to anyone else.
  • CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†
• This offer is not available for residents of Quebec.
• †Terms and conditions apply. Select “Apply Now” to learn more

With purchase protection for 90 days up to an annual limit of $50,000 in liability, RBC’s ION+ Visa has some of the highest purchase protection annual limits in the market. The card comes with a host of additional perks if you also have an RBC account, such as saving 20% on fuel at Petro-Canada.

• Get 3,500 Welcome Points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.^
  Apply by January 29th, 2025.
• Earn 3X Avion points for every $1 spent on:
  • Grocery, Dining & Food Delivery – Satisfy your taste buds by earning points on groceries, dining out, food delivery
  • Rides, Gas & EV Charging – Enjoy earning points on gas, rideshare, daily public transit, electric vehicle charging
  • Streaming, Digital Gaming & Subscriptions– Stay entertained while earning points on streaming, gaming, eligible digital subscriptions, eligible digital downloads, and in-game purchases
• Earn 1 Avion point for every $1 spent on all other qualifying purchases
• Annual Fee $48 ($4 charged monthly)
• Pay With Points
  • Redeem your Avion points to pay bills, your credit card balance or even send money to friends with Interac e-Transfer. Minimum redemption is only $10, so you can use your points where you need them most
• Exclusive savings and rewards
  • Automatically become an Avion Rewards Premium member when you get the RBC ION+ Visa. Download the Avion Rewards app to access points, cash back deals, and savings all in one program. Plus, download the Avion Rewards ShopPlus browser extension to save with cash back deals right where you shop online from 1,900+ retailers
• Save at Petro-Canada
  • Save 3¢/L on fuel and earn 20% more points when you pay with a linked RBC card.
• Earn more Be Well points at Rexall
  • Earn 50 Be Well points for every $1 spent on eligible purchases at Rexall when you pay with your linked RBC card and scan your Be Well card
• Save Big on Delivery with DoorDash
  • Get a 3-month complimentary DashPass subscription – a value of almost $30
  • Enjoy unlimited deliveries with $0 delivery fees on qualifying orders of $15 or more when you pay with your eligible RBC credit card. See how to save with DoorDash
  • Enjoy a Monthly Fee Rebate
  • Get a $4 rebate each month ($48/year) on the monthly fee of your credit card when you have an RBC Signature No Limit Banking or RBC Advantage Banking for students account
• Mobile Device Insurance Included
  • Get 2 years of coverage up to $1,000 in the event your mobile device such as your cell phone is lost, stolen, accidentally damaged or experiences mechanical failure when you purchase your mobile device with this credit card
• Purchase Security and Extended Warranty Insurance
  • Automatically protects eligible card purchases against loss, theft or damage within 90 days of purchase, and doubles the manufacturer’s original Canadian warranty by up to one additional year, to a maximum of five years
• *, ^, Terms and conditions apply

The MBNA Rewards Platinum Plus comes with a 90-day  purchase protection plan but no annual fee. Cardholders can also earn around $400 in MBNA Rewards points per year based on the annual credit card spend of the average Canadian, according to our research, and have access to insurance coverage that is normally only seen on premium cards, like mobile device insurance.

Learn more: Read our MBNA Rewards Platinum Plus Mastercard Review

• Earn 4 points†† for every $1 spent on eligible restaurant, grocery, digital media, membership and household utility purchases during the first 90 days, and 2 points‡ for every $1 spent on eligible purchases in those categories thereafter – in both cases, these earn rates apply until $10,000 is spent annually in the applicable category. 1 point‡ for every $1 spent on all other eligible purchases
• 5,000 bonus points†† ($25 in cash back value) after you make $500 or more in eligible purchases within the first 90 days of your account opening
• 5,000 bonus points††($25 in cash back value) once enrolled for paperless e-statements within the first 90 days of account opening
• Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 10,000 Points
• Redeem points‡ for cash back, brand-name merchandise, gift cards from participating retailers, charitable donations, and travel.
• Standard Annual Interest Rates of 19.99% on purchases, 22.99% on balance transfers✪ and 24.99% on cash advances
• Mobile Device Insurance***
  With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown
• No annual fee
• This offer is not available to residents of Quebec
• ‡, ††, ✪, ***, Terms and Conditions apply

Standard 90-day purchase protection is one of the many perks BMO’s CashBack World Elite Mastercard offers. It also has one of the highest cash-back rates on grocery purchases (5%) and includes practical benefits like roadside assistance and additional fuel savings at Shell gas stations across Canada.

Learn more: BMO CashBack World Elite Mastercard Review

• Welcome offer: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*
• Earn more cash back on the categories that mean the most:
  – 5% on groceries*
  – 4% on transit including ride sharing, taxis and public transportation*
  – 3% on gas and electric vehicle charging*
  – 2% on recurring bill payments like your monthly phone bill or favourite streaming service*
  – 1% unlimited cashback on all other purchases*
• Get the highest cash back earn rate on groceries in Canada.*
• Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
• Extended Warranty Plus*
• Purchase Protection Plus*
• Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*
• Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
• Complimentary Roadside Assistance Program*
• BMO CashBack World Elite Travel and Medical Protection*
• Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
• 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
• *Terms and conditions apply
  †Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of January 4, 2023.

No annual fee, no supplementary card fee, purchase protection and doubling your Aeroplan points with Aeroplan eStore purchase are some of the perks that put CIBC’s Aeroplan Visa on this list. When booking hotel stays with Aeroplan points, cardholders get an extra booking for free after redeeming points for three stays.

• Earn up to 10,000 Aeroplan Points (a $200 travel value) in the first year.
  • 2,500 Aeroplan points after making the first purchase
  • 2,500 Aeroplan points after spending $3,000 or more during the first 4 monthly statement periods
  • 5,000 Aeroplan points as an additional anniversary bonus when you have at least $10,000 in net purchases posted to the account within the first 12 monthly statement periods
• 1 point per dollar spent on gas, electric vehicle charging, groceries and Air Canada purchases, including Air Canada Vacations.
• 1 point per $1.50 spent on all other purchases, including CIBC Global Money Transfer with no transaction fees.
• Earn double the points when you make purchases at over 150 retail and 170 online eStore Aeroplan partners.
• Based on average Canadian spending, Forbes Advisor estimates this no-annual-fee card could earn $444 in rewards value per year.
• Includes one year extended warranty insurance.
• Includes 90 days purchase protection insurance.
• $100,000 in common carrier travel accident insurance.
• Auto rental collision/loss damage insurance.
• Add extra cardholders at no additional charge.
• Access to CIBC PaceIt to help you pay for purchases in installments at a lower interest rate.

American Express’ Cobalt card has purchase protection coverage for 90 days at $1,000 per occurrence. The card also has a very flexible redemption program, allowing cardholders to redeem their Membership Rewards points for streaming services, statement credits, retail purchases and more.

Learn more: Read our American Express Cobalt Review

• In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
• Earn 3X the points on eligible streaming subscriptions in Canada
• Earn 2X the points on eligible ride shares, transit & gas in Canada
• Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
• Earn 1X point for every $1 in Card purchases everywhere else
• Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
• Transfer points 1:1 to several frequent flyer and other loyalty programs
• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
• 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. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

Scotiabank’s Gold American Express is ideal for international shoppers: it comes with purchase protection and has no foreign transaction fees—unlike most other cards. The card earns Scene+ points, too, earning six points per dollar at various grocery locations in Canada and five points per dollar on dining purchases.

Learn more: Read our Scotiabank Gold American Express Card Review

• Earn up to $780* in value in the first 12 months, including up to 40,000 bonus Scene+ points.
• Earn 6x Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more
• Earn 5x Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.
• Earn 5x Scene+ points for every $1 you spend in Canada eligible entertainment purposes.Includes movies, theatre and ticket agencies stores.
• Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options.Includes rideshares, buses, subway, taxis and more
• Earn 3x Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services
• Plus earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases
• Earn additional benefits + up to 4X Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
• No Foreign Transaction Fee
• Comprehensive Travel Insurance coverage
• AMEX Offers®
• AMEX Front of the Line®
• American Express Invites®
• Complimentary Concierge Services
• Rates, fees and other information are effective as of January 3, 2025. Subject to change.

The Scotia Momentum Visa Infinite Card offers cardholders an annual earnings potential of nearly $500 (taking into account the annual fee). Add in a generous welcome bonus and you can expect to earn quite a bit of cash in the first year.

Learn more: Read our Scotia Momentum Visa Infinite Card Review

• Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)
• No annual fee in the first year, including on additional cards.
• 4% for every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
• 2% for every $1 you spend on gas and daily transit purchases
• 1% cash back on all other purchases with no cashback limit
• Visa Infinite* Concierge Services
• Visa Infinite* Hotel Collection
• Visa Infinite* Dining and Wine Country program
• Comprehensive Travel Insurance & New Mobile Device Insurance coverage

Earning 4% on grocery and gas purchases adds up quickly, with the SimplyCash® Preferred Card earning approximately $458.03 in rewards annually. The card not only comes with purchase protection but also no annual fees for additional cards on the account and a maximum referral bonus of $750 for referring friends to American Express.

Learn more: Read our SimplyCash Preferred Card from American Express Review

• Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.
• Earn accelerated earn rates on eligible gas and grocery purchases
• Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases
• Access events and special offers curated for Cardmembers with Amex ExperiencesTM
• Extensive insurance coverage and 24/7 Customer Service
• 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. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

Equipped with purchase protection, mobile device insurance, travel coverage and roadside assistance, TD’s Cash Back Visa Infinite has many perks to choose from. The card also has moderate earnings, bringing in around $425.15 per year based on annual Canadian spending data.

Learn more: Read our TD Cash Back Visa Infinite Review

• Earn up to $600 in value†, including 10% in Cash Back Dollars in the first 3 months on Bonus Eligible Purchases up to a total spend of $3,500†. Conditions apply. Offer effective as of January 7, 2025.
• Bonus Eligible Purchases are Gas Purchases, Grocery Purchases & Pre-authorized payments, until a total collective spend of $3,500 of such purchases have been made†.
• 24/7 Emergency Roadside Assistance with Deluxe TD Auto Club membership, included at no additional cost.
• Get an annual fee rebate for the first year†.
• To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the first Additional Cardholder first-year annual fee rebate, you must add your first Additional Cardholder while the offer is in effect.
• Starbucks Bonus Offer for New Linked Members†: Link your TD Cashback Visa Infinite to earn 600 Starbucks Stars and redeem them for free Starbucks treats. Limited time only. Conditions and restrictions apply.
• This offer is not available to residents of Quebec.
• † Terms and conditions apply.