Best cards by use

Choose a use to compare cards with the same spending amount and fees already deducted from net value.

Reference amounts for this use

Each level uses an amount suited to the selected use instead of a profile’s full annual budget.

  • Moderate — $4,800 CAD / year
  • Standard — $7,200 CAD / year
  • High — $12,000 CAD / year

The ranking applies the same amount to every card compared within a given level.

For the standard spending level, the reference amount used for groceries is $7,200 CAD per year. Ties are resolved conservatively using minimum value, fees, network acceptance, and data reliability.

#1
Cash Back World Elite Mastercard — Desjardins

Cash Back World Elite Mastercard

Value in the Carte IQ reference scenario$188 CAD

Annualized recurring fee
$100 CAD
Reference annual spending
$7,200 CAD
View card
#2
SimplyCash Preferred Card from American Express — American Express Canada

SimplyCash Preferred Card from American Express

Value in the Carte IQ reference scenario$169 CAD

Annualized recurring fee
$119 CAD
Reference annual spending
$7,200 CAD
View card
#3
American Express Cobalt Card — American Express Canada

American Express Cobalt Card

Value in the Carte IQ reference scenario$168.12 CAD

Annualized recurring fee
$191.88 CAD
Reference annual spending
$7,200 CAD
View card
Reference scenario used

For the standard spending level, Carte IQ uses $7,200 CAD per year as the reference amount for groceries.

  • Groceries $7,200 CAD

The displayed value includes estimated rewards and eligible recurring benefits on that $7,200 CAD. The annualized recurring fee has already been deducted, and welcome offers are excluded.

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