Card Type: Points
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RBC ION Plus Visa Card
Three points a dollar across five everyday categories for $48 a year. At RBC’s own one cent redemption rate that is 3% back, which almost nothing else at this price matches. $48 a year. 20.99% purchase APR.
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National Bank World Elite Mastercard
The only card here that covers travellers over 65 properly, with 15 days of medical cover up to age 75. The earning is crippled by a monthly cap most people will not notice until it bites. $150 a year. 20.99% purchase APR.
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American Express Cobalt Card
Five points a dollar on restaurants, bars, coffee and groceries is the highest food earn rate in Canada, and Membership Rewards transfer to Aeroplan. Worth it if you eat out; not if you do not. $191.88 a year. 21.99% purchase APR.
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American Express Gold Rewards Card
A $250 fee for 2 points a dollar, when the Cobalt charges $192 for 5 on food. Hard to recommend unless you specifically want the travel credit and NEXUS rebate. $250 a year. 21.99% purchase APR.