Visa Credit Cards in Canada

by John_S on November 12, 2010

Visa payment cards are accepted in over 150 countries and offer reliable and secure way to pay for purchases all over the world. Canadian visa holders have access to cash at more than one million ATMs around the globe.

Types of Visa Cards

Visa Classic is accepted worldwide by a variety of merchants, including via the Internet. Everyone can apply for Visa Classic: from students and young couples to persons who are trying to establish credit. You can use it to make everyday purchases, buy textbooks, and even secure hotel reservations online. With Visa’s fraud protection, you will get zero liability (protection from unauthorized use and zero liability for unauthorized transactions) and lost or stolen card reporting. Visa Gold is a personal premium card that comes with  a greater purchasing power and higher spending limits. With this option, clients enjoy a variety of benefits such as $5000 minimum credit limit, emergency cash service, emergency card replacement service, zero liability program, collision/ loss damage insurance, cardholder inquiry service, etc. Holders of Visa Platinum enjoy exceptional purchasing power, together with multiple benefits: emergency cash service, worldwide acceptance, emergency card replacement, etc. Finally, Visa Infinite comes with 24/7 concierge service, access to exclusive wine and food offers and events, elite hotel privileges, minimum credit limit of $20,000, and  much more.

Visa Credit Cards in Canada

TD Canada Trust offers Visa Infinite and Platinum cards depending on the client’s annual income. With TD Platinum Travel Visa Card, customers get a TD welcome bonus in the amount of 15,000 TD points. Holders earn 3 points per $1 spent on purchases and double points when booking travels. The annual fee stands at $99, with interest rate at 19.99 percent. TD Gold Elite Card allows customers to earn 1 percent cash rebates on net purchases. Holders enjoy membership in the Deluxe TD Auto, with family coverage and unlimited service calls. Additional benefits include extended warranty protection and purchase security, emergency travel assistance, delayed and lost baggage insurance, no-fee travelers checks with American Express, and common carrier travel accident insurance.

The clients of Canadian Imperial Bank of Commerce can choose from a variety of Visa card options: CIBC Classic, Select, Platinum, Dividend Visa Infinite, Aerogold Visa Infinite, Gold Visa, etc. Customers who go for CIBC Aerogold Infinite receive 15,000 aeroplan miles as a welcome bonus and 1.5 miles for every $1 spent at drug stores, groceries, and gas stations. They also get access to all available seats on Air Canada, a minimum credit limit of $5000 and additional purchasing power. The card goes with an annual fee of $120 and regular interest rate of 19.5 percent. Holders of CIBC Dividend Visa Infinite Card earn up to 2 percent cash backs on purchases, amounting to $735 per year. The credit card comes with a variety of benefits such as Out-of-Province Travel Medical Insurance (up two fifteen days), guaranteed hotel reservations, commission-free travelers checks, and much more. The annual fee is just $79 and the regular interest rate stands at 19.5 percent. Customers can hold up to 3 cards and pay $30 for every additional Dividend Visa Infinite.

Customers of Scotia Bank can apply for a variety of Visa Cards: Scotia Gold Passport Visa, Scotia Momentum Visa, Scotia Hockey, No-Fee Scotia Gold, etc. With Scotia Hockey Visa, clients earn reward points and can redeem them for NHL hockey events. The minimum credit limit stands at $500, with an annual fee of just $49, interest rate of 21.5 percent on cash advances, and interest rate of 19.5 percent on purchases.

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