It’s best to consider things like your personal spending habits, interest rates, incentives, fees and penalties before you commit to anything, but with so many choices, it can be hard to pick the right credit card. We’ve found the perfect cards for four different individuals: the traveler, the student, the one who’s looking to build credit and the business owner. Take a peek at them below and if you don’t fit into any of the categories, don’t fret! Ratehub.ca has a “compare credit cards” feature that will help pick the right credit card for you.

The Traveler

1. Scotiabank Gold American Express

• Earn 4 points per dollar on everyday purchases (gas, groceries, entertainment and dining out)

• 20,000 bonus points after first $1000 in card purchases (worth $200)

• Extensive purchase and travel insurance

• Annual fee: $99

• Interest rate: 19.99%

2. BMO World Elite

• Earn 2 points per dollar on ALL purchases with no restrictions

• Earn 30,000 bonus points after first purchase (value of $300)

• Extensive travel insurance

• Annual fee: $150

• Interest rate: 20.50%

3. TD First Class Visa Infinite

• Earn up to 9 points per dollar on travel purchases via Expedia

• 20,000 bonus points (value of $100)

• Additional 20,000 bonus points after first $1000 in card purchases (value of $100)

• Annual fee: $120

• Interest rate: 19.99%

The Student

1. Scotia SCENE Visa

• Earn 1 Scene point per dollar on all purchases (up to 5 Scene points per dollar on Cineplex purchases)

• Receive 4,000 SCENE points after first purchase (4 FREE movies)

• No annual fee

• Interest rate: 19.99%

2. BMO SPC CashBack

• Earn 1% back on all purchases – no restrictions

• Get $50 in CashBack after first purchase

• Receive 15-20% off on hundreds of retailers participating in the SPC program

• No annual fee

• Interest rate: 19.99%

3. StudentAwards MBNA Rewards MasterCard

• Earn 1 point per dollar on all purchases

• 1,000 bonus points after first purchase (value of $10)

• 1,000 bonus points on the anniversary of your card (value of $10)

• No annual fee

• Interest rate: 19.99%

The One Looking to Build Credit

1. Home Trust Secured Visa

• Great card to help you build or re-build credit

• Requires a security deposit – $500 to $10,000

• Credit limit is set at the amount of the deposit

• Interest rate: 19.99%

2. Home Trust Secured Annual Fee Visa Card

• Great card to help you build or re-build credit

• Requires a security deposit – $500 to $10,000

• Credit limit is set at the amount of the deposit

• Annual fee: $59

• Interest rate: 14.90%

The Business Owner

1. Starwood Preferred Guest Business Credit Card from American Express

• Earn 1 Starpoint per dollar on all purchases

• Receive 20,000 bonus Starpoints after $1,000 in purchases within the first three months (value of up to 5 free nights)

• Annual fee: $150 (may be tax deductible)

• Interest rate: 19.99%

Visit Ratehub.ca for more tips on how to pick the right credit card

RateHub.ca is a website that compares mortgage rates, credit cards and deposit rates with the goal to empower Canadians to search smarter and save money.

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