When it comes to managing your finances, speed is key. That’s why instant approval credit cards have become a game-changer for those looking to fast-track their financial goals. These credit cards offer the convenience of quick approval, allowing you to access credit right when you need it. Whether you’re in need of a cash back card, a travel rewards card, or simply a reliable credit option, these top 5 instant approval credit cards in Canada have got you covered.
Key Takeaways
- Instant approval credit cards provide a quick and convenient way to access credit.
- These top 5 credit cards offer a variety of benefits, including cash back and travel rewards.
- Consider factors such as rewards, annual fees, and redemption options when choosing the right card for you.
- Swipe and go with confidence, knowing that you’re making the most of your credit card benefits.
Best No-Fee Credit Cards in Canada
If you’re looking for a credit card that offers impressive benefits without the burden of an annual fee, you’re in luck. NerdWallet Canada has compiled a list of the best no-fee credit cards in Canada, providing you with options that suit your financial needs. Whether you’re interested in cash back rewards, travel perks, or flexible redemption options, these cards have got you covered.
A Comparison of the Best No-Fee Credit Cards in Canada
| Credit Card | Rewards | Annual Fee | Additional Benefits |
|---|---|---|---|
| Simplii Financial™ Cash Back Visa Card | Up to 4% cash back on eligible purchases | No annual fee | – Bonus cash back offers – Access to Visa offers and discounts |
| Neo Secured Credit | 0.5% cash back guarantee Up to 15% cash back with select partners |
No annual fee | – Access to high-interest savings – Build credit history with on-time payments |
| MBNA Rewards Platinum Plus® Mastercard® | Up to 4 points for every $1 spent on eligible purchases | No annual fee | – Bonus rewards on common spending categories – Flexible redemption options |
| American Express® Green Card | Accelerated earn rates on hotel and rental car bookings | No annual fee | – 10,000 Membership Rewards points as a welcome bonus – Additional perks through American Express Experiences |
| BMO AIR MILES®† Mastercard®* | Up to 1 Air Mile per $15 spent | No annual fee | – Welcome offer of up to 500 bonus Miles – Travel perks such as free checked bags on Air Canada flights |
These credit cards provide a range of benefits and features to help you make the most of your spending. Whether you prefer cash back rewards, travel perks, or a combination of both, there’s a card on this list that suits your lifestyle. With no annual fees, these cards offer a cost-effective way to manage your finances and enjoy the perks of credit card rewards. Start maximizing your financial potential today with one of these top no-fee credit cards in Canada.
Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa Card is a top choice among instant approval credit cards in Canada. It offers incredible cash back rewards on a variety of everyday purchases, making it an excellent option for maximizing your savings. With no annual fee and bonus cash back offers, this card is designed to help you make the most of your spending.
Features and Benefits
The Simplii Financial Cash Back Visa Card offers up to 4% cash back on eligible purchases at restaurants, bars, and coffee shops. Additionally, it provides 1.5% cash back on gas, groceries, drugstores, and pre-authorized payments. These cash back rewards are automatically credited to your account, allowing you to effortlessly earn and redeem your savings with every purchase you make.
No Annual Fee and Bonus Offers
One of the biggest advantages of the Simplii Financial Cash Back Visa Card is that it has no annual fee. This means you can enjoy the benefits of cash back rewards without having to worry about any extra costs. Furthermore, the card also offers bonus cash back offers from time to time, giving you an opportunity to earn even more rewards on select purchases.
| Key Features | Details |
|---|---|
| Cash Back on Restaurants, Bars, and Coffee Shops | Up to 4% |
| Cash Back on Gas, Groceries, Drugstores, and Pre-Authorized Payments | 1.5% |
| No Annual Fee | Yes |
| Bonus Cash Back Offers | Yes |
With its generous cash back rewards, no annual fee, and bonus offers, the Simplii Financial Cash Back Visa Card is a fantastic choice for individuals looking for a hassle-free credit card that rewards them for their everyday spending.
Neo Secured Credit
When it comes to building your credit history and enjoying cash back rewards, the Neo Secured Credit card is a top contender. This no-fee card is accessible to consumers of all budgets, requiring a minimum deposit of just $50. With the Neo Secured Credit card, you can earn a guaranteed 0.5% cash back on all purchases, with the opportunity to earn up to 15% cash back with select partners.
One of the standout features of the Neo Secured Credit card is its focus on helping you improve your financial well-being. In addition to cash back rewards, this card provides access to a high-interest savings account, allowing you to grow your savings while you build your credit. Plus, with responsible use and on-time payments, you can establish a positive credit history, which is crucial for future financial endeavors.
Key Features of the Neo Secured Credit Card:
- Minimum deposit of $50
- Guaranteed 0.5% cash back on all purchases
- Up to 15% cash back with select partners
- Access to a high-interest savings account
- Opportunity to build a positive credit history
Whether you’re new to credit or looking to rebuild your credit, the Neo Secured Credit card offers a secure and rewarding solution. With its cash back rewards, low minimum deposit, and focus on financial well-being, this card is a smart choice for Canadians who want to make the most of their credit journey.
MBNA Rewards Platinum Plus® Mastercard®
The MBNA Rewards Platinum Plus Mastercard is a highly sought-after credit card that offers flexible redemption options and bonus rewards on common spending categories. With this card, you can earn up to 4 points for every $1 spent on eligible purchases, making it a great choice for maximizing your rewards.
In addition to its generous rewards program, the MBNA Rewards Platinum Plus Mastercard comes with no annual fee, allowing you to enjoy the benefits without any additional costs. Furthermore, you can earn up to 10,000 Birthday Bonus Points every year, adding even more value to your card.
Whether you’re looking to redeem your points for travel, merchandise, or cash back, this card has you covered. With a variety of redemption options, you can choose the rewards that best suit your needs and preferences. Plus, with the added flexibility of the MBNA Rewards program, you can easily customize your redemption experience.
Highlights of the MBNA Rewards Platinum Plus Mastercard:
- Earn up to 4 points for every $1 spent on eligible purchases
- Enjoy up to 10,000 Birthday Bonus Points every year
- No annual fee
- Flexible redemption options for travel, merchandise, and cash back
With its enticing rewards program, no annual fee, and flexibility in redemption options, the MBNA Rewards Platinum Plus Mastercard is a popular choice among Canadian credit card users. Whether you’re a frequent traveler or simply looking to maximize your everyday spending, this card offers great value and benefits. Apply for the MBNA Rewards Platinum Plus Mastercard today and start enjoying the perks it has to offer!
| Annual Fee | Reward Rate | Birthday Bonus Points | Redemption Options |
|---|---|---|---|
| No annual fee | Up to 4 points for every $1 spent on eligible purchases | Up to 10,000 Birthday Bonus Points every year | Travel, merchandise, and cash back |
American Express Green Card
The American Express Green Card is a versatile credit card that offers an array of benefits and rewards. With its accelerated earn rates on hotel and rental car bookings, this card is a popular choice for frequent travelers. Whether you’re exploring new destinations or renting a car for business purposes, the Green Card provides a seamless experience and value for your spending.
Flexible Rewards Program
One of the key features of the American Express® Green Card is its simple and flexible rewards program. Earn Membership Rewards points on eligible purchases and redeem them for a variety of options that suit your lifestyle. From travel bookings to shopping, dining, and entertainment, you can use your points for a range of experiences and rewards.
Environmentally Conscious
The American Express® Green Card is not only great for your finances but also for the environment. Made from 99% recycled plastic, this card aligns with your values and contributes to a sustainable future. By choosing the Green Card, you’re making a conscious choice to support eco-friendly practices and reduce waste.
| Key Features | Benefits |
|---|---|
| Welcome Bonus | Earn 10,000 Membership Rewards points as a welcome bonus |
| Earn Rates | Accelerated earn rates on hotel and rental car bookings |
| Redemption Options | Flexible redemption options for travel, shopping, dining, and more |
| Environmental Impact | Made from 99% recycled plastic |
| Additional Perks | Access to American Express Experiences |
The American Express® Green Card is an excellent choice for individuals seeking a credit card with simple rewards, travel benefits, and a commitment to sustainability. With its accelerated earn rates and flexible redemption options, this card offers a seamless and rewarding experience for all your travel and everyday spending needs.
BMO AIR MILES Mastercard
The BMO AIR MILES Mastercard is a popular choice among Canadian consumers who want to earn Air Miles rewards while enjoying the benefits of a no-annual-fee credit card. With a rewards rate of up to 1 Air Mile per $15 spent, this card offers excellent value for frequent flyers looking to maximize their rewards.
As a welcome offer, new cardholders can earn up to 500 bonus Miles, giving them a head start on their journey towards exciting travel experiences. Additionally, cardholders can take advantage of travel perks such as free checked bags on Air Canada flights, enhancing their overall travel experience.
With the BMO AIR MILES Mastercard, earning and redeeming Air Miles is simple and convenient. Cardholders can access a wide range of rewards, including flights, merchandise, and experiences, making it easy to turn everyday purchases into memorable moments.
Benefits of the BMO AIR MILES Mastercard:
- Earn up to 1 Air Mile per $15 spent, allowing for quick accumulation of rewards
- Enjoy up to 500 bonus Miles as a welcome offer
- No annual fee, making it a cost-effective choice for budget-conscious consumers
- Travel perks, such as free checked bags on Air Canada flights, enhance the travel experience
- Wide range of redemption options, from flights to merchandise, ensures flexibility and choice
Whether you’re a frequent flyer or looking to start earning Air Miles, the BMO AIR MILES Mastercard is a compelling choice. With its generous rewards program, welcome bonus, and travel perks, this credit card offers a convenient way to make the most of your spending and turn everyday purchases into exciting rewards.
| Card Feature | Details |
|---|---|
| Rewards Rate | Up to 1 Air Mile per $15 spent |
| Welcome Offer | Up to 500 bonus Miles |
| Annual Fee | No annual fee |
| Travel Perks | Free checked bags on Air Canada flights |
| Redemption Options | Flights, merchandise, and experiences |
CIBC Aventura Gold Visa Card
The CIBC Aventura Gold Visa Card is a top-rated instant approval credit card that offers a range of benefits for Canadian consumers. With its flexible rewards program, generous welcome offer, and travel insurance, this card is an excellent choice for those looking to maximize their credit card benefits.
Rewards Program
When you choose the CIBC Aventura Gold Visa Card, you’ll have access to a flexible rewards program that allows you to earn Aventura Points on your everyday purchases. With bonus points available for spending at eligible gas stations, grocery stores, and more, you can quickly accumulate points to redeem for travel, merchandise, or even charitable donations.
Welcome Offer
As a new cardholder, you can take advantage of a generous welcome offer that allows you to earn up to 35,000 Aventura Points in your first year. These points can be redeemed for flights, hotel stays, car rentals, and more, making it easy to turn your everyday spending into valuable rewards.
Travel Insurance and Additional Perks
In addition to its rewards program, the CIBC Aventura Gold Visa Card also offers comprehensive travel insurance coverage. From trip cancellation and interruption insurance to emergency travel medical insurance, you can have peace of mind knowing that you’re protected during your travels. Plus, this card provides airport lounge access and additional travel perks to enhance your overall travel experience.
| Key Features | Details |
|---|---|
| Rewards Program | Earn Aventura Points on every purchase, with bonus points available for spending at eligible gas stations, grocery stores, and more. |
| Welcome Offer | Earn up to 35,000 Aventura Points in your first year as a new cardholder. |
| Travel Insurance | Enjoy comprehensive travel insurance coverage, including trip cancellation and interruption insurance, emergency travel medical insurance, and more. |
| Additional Perks | Access airport lounges and enjoy additional travel perks to enhance your travel experience. |
TD Aeroplan Visa Infinite Card
If you’re looking for a credit card that offers excellent rewards and exclusive experiences, the TD Aeroplan Visa Infinite Card is a top choice. With its generous welcome bonus of up to 50,000 Aeroplan points, you can start earning rewards right away. Plus, enjoy the convenience of complimentary checked bags on Air Canada flights, making your travel experience even more enjoyable.
But the benefits don’t stop there. With the TD Aeroplan Visa Infinite Card, you’ll also have access to exclusive food, golf, and drink experiences, providing you with unforgettable moments wherever you go. Whether you’re a frequent traveler or simply looking for a credit card that offers great rewards, this card has you covered.
Earn Aeroplan Points
With the TD Aeroplan Visa Infinite Card, you can earn Aeroplan points on every purchase you make. Whether you’re shopping for groceries, dining out, or buying gas, you’ll be one step closer to your next reward. Plus, with the welcome bonus, you can earn even more points right from the start.
Enjoy Travel Perks
Traveling is made easier with the TD Aeroplan Visa Infinite Card. Along with the complimentary checked bags, you’ll also have access to priority check-in, priority boarding, and priority airport services, giving you a stress-free travel experience. Take advantage of these perks and make every trip more enjoyable.
| Key Features: | Earn Rate: | Welcome Bonus: | Annual Fee: |
|---|---|---|---|
| Complimentary checked bags on Air Canada flights | 1.5 Aeroplan points per $1 spent on eligible gas, groceries, and Air Canada purchases | Up to 50,000 Aeroplan points | $139 (First-year annual fee rebate) |
| Access to exclusive food, golf, and drink experiences | 1 Aeroplan point per $1 spent on all other purchases |
With its impressive rewards and travel perks, the TD Aeroplan Visa Infinite Card is a great choice for anyone who wants to make the most of their credit card. Apply today and start earning Aeroplan points towards your next adventure.
Conclusion
Instant approval credit cards can provide a fast-track solution for managing your finances. With the top 5 options listed above, you can choose a card that aligns with your spending habits and financial goals. Whether you’re looking for cash back, travel rewards, or other benefits, these cards have something to offer.
When selecting the right card for you, remember to consider factors such as rewards, annual fees, and redemption options. By doing so, you can ensure that you make the most of your credit card benefits and fast-track your finances.
Don’t wait any longer. Swipe and go with confidence, knowing that you have the power to streamline your finances and gain instant access to credit. Take advantage of these instant approval credit cards to fast-track your financial success today!