Travel Cards Preferred By Canadian Consumers Until Omicron Uncertainties: Best Credit Cards In Canada For 2022

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Jan 05, 2022, 11:45 ET

MONCTON, NB, Jan. 5, 2022 /PRNewswire/ - Today, Maritime startup creditcardGenius revealed its pick of the top credit cards for Canadians in 2022. These math-based results are boosted by as many GeniusCash offers as possible – giving Canadian consumers extra cash back.

Pre-pandemic, travel cards were preferred by creditcardGenius Canadian readers because of their higher value rewards. This trend shifted to cash back cards during the beginning of the pandemic in 2020. Then in the summer of 2021, travel rewards led the pack once more ‒ until Omicron uncertainties loomed in December.

"The last 2 years have been uncertain at the best of times," said Stephen Weyman, Co-Founder of creditcardGenius. "I hope our data-driven and mathematical approach can help Canadians find clarity and confidence in their finances, and benefit from the extra cash back boost."

This year, creditcardGenius added 2 new categories. The Best Newcomers category spotlights cards with low credit score requirements, to help new Canadians build their score and earn rewards. As well, the Best Challenger category compares cards from up-and-coming fintech companies, which often offer unique features, including planting trees and earning bonus rewards at Amazon.

Select preview of the best Canadian credit card winners:

Category	Winner
Best Cash Back	BMO CashBack World Elite Mastercard
Best Travel	Amex Cobalt Card
Best Challenger	Brim World Elite Mastercard
Best Newcomer	Tangerine Money-Back Credit Card
Best Balance Transfer	MBNA True Line Mastercard
Best No Fee	Amex Green Card
Best Flexible	MBNA Rewards World Elite Mastercard
Best Visa	RBC Avion Visa Infinite
Best Mastercard	BMO CashBack World Elite Mastercard
Best Overall	Amex Cobalt Card

The Best Credit Cards in Canada 2022 page lists all 28 categories.

About WeyMedia Inc:

Trusted by over 263,000 Canadian readers every month, WeyMedia is a fintech startup that brings well-researched content and financial tools to the everyday consumer. Built by Canadians for Canadians, creditcardGenius was launched in 2017, providing consumers with the only credit card matchmaker that instantly compares 126+ features of nearly 200 credit cards. Their new cash back rewards program, GeniusCash, offers an extra cash back boost.

SOURCE Weymedia Inc