Business Marketing Terminals

Exploring Canada’s Favourite Credit Cards In 2021

It’s certainly no secret that Canadian consumers love using credit cards to pay for their purchases. This has become more of a certainty now than ever before with the coronavirus having impacted our lives for a full year. Online shopping has increased dramatically. How do you pay for purchases online? You guessed it, the good old credit card!

It needs to be stated, however, that not all credit cards are created equal. With so many different types of cards available, Canadian consumers have the ability to greatly benefit from their spending. So what are Canada’s favourite credit cards in 2021?

For cash back: the Scotia Momentum Visa Infinite Card.

Who doesn’t enjoy getting a discount? With a cash back credit card, you basically get a discount on everything you buy. According to, the best cash back credit card on the market is the Scotia Momentum Visa Infinite Card. The site notes that this card was the winner of the MoneySense best cash back card with a fee in 2019.

With the Scotia Momentum Visa Infinite Card, cardholders, earn 4% cash back for every dollar spent on groceries and recurring bill payments. They also earn 2% cash back for every dollar spent on gas and daily transit. Finally, users of this card earn 1% cash back for every dollar spent elsewhere. The card also gives cardholders exclusive offers from Scotiabank including concierge service, competitive hotel rates and upgrades and access to dining and wine country programs.

For low interest: the HSBC +Rewards™ Mastercard.

For consumers who are in financial binds, it’s wise to get credit cards with low interest rates. By doing so, you attain the ability to extend payments for purchases over time without having to endure overwhelming charges. cites the HSBC +Rewards™ Mastercard® as the one that “stands out from the crowd” when it comes to its interest rate.

“With HSBC +Rewards® Mastercard®, you can enjoy a low 11.9% interest rate on everything, from purchases to balance transfer and cash advances,” the site informs, “With just an annual fee of $25, this card gives you a multitude of benefits that you can start reaping right away. You can earn 2 points for each $1 spent on eligible entertainment or dining. This card is perfect for any Canadian resident who wants a low-interest rate and coverage.”

For rewards: the American Express Cobalt™ Card.

Rewards points are among the most highly sought-after benefits of credit card use. Similar to cash back cards, cards that offer rewards give shoppers more for the money they spend. As explains, the American Express Cobalt™ Card is popular because points can be earned on everyday purchases. This helps cardholders to accumulate points rapidly.

Cardholders earn five points per dollar spent for purchases of food and drinks, such as grocery, restaurant, food delivery, bar and cafe purchases. As well, on transit and travel, such as public transit, taxis and Ubers, cardholders earn two points per dollar spent. 1,000 points is equivalent to $10.

Do you accept credit cards in your store?

At Unity Payments, we believe that the easiest and most convenient way for merchants to accept credit cards is with the Poynt Smart Terminal. To learn all about it, please don’t hesitate to call us at 1-800-661-3761. You may also email us at