The 10 Best Metal Credit Cards in Canada (2024)

Are you tired of your plastic credit card feeling flimsy and lacking the wow factor? Do you want to upgrade to a credit card that exudes luxury and sophistication? Look no further than the best metal cards in Canada.

As someone who has always been a fan of unique and exclusive items, I was immediately intrigued when I first heard about metal cards. I mean, who wouldn’t want a card that looks and feels expensive and offers amazing rewards and perks?

In this article, I will share the 10 best metal credit cards in Canada. From the card features, pros and cons, and rewards, you can expect a detailed breakdown of each card to help you make an informed decision.

Get ready to discover the best metal credit cards in Canada that will not only make you stand out but also offer you the best value for your money. 

Overview of The Best Metal Credit Cards in Canada

10 Best Metal Credit Cards in Canada

There’s no single best metal credit card in Canada. This is because different metal credit cards serve different spending habits. So, what are the best metal credit cards in Canada?

Here are the 10 best metal credit cards in Canada that suit different spending habits:

1. American Express Platinum Card

• Annual Interest Rate on Purchase: 15.99% to 22.99%
• Annual Fee: $695
• Rewards: Variable

The American Express Platinum Card is one of Canada’s best metal cards with low-interest rates after the Marriott Bonvoy Brilliant American Express.

This card is ideal for frequent travellers looking to offset some of their expenses with reward points. You will earn up to 100,000 upon spending $6,000 within your initial six months of registration.

Furthermore, you will earn 10 points for eligible purchases in the US or at restaurants worldwide during your initial six months of registration.

Key Features

• You can earn up to 80,000 Membership Reward points
• Offers 60,000 welcome bonus points when you charge up to $6,000 in the first three months of card membership
• Offers 20,000 points when you make any purchase between 14 and 17 months of your card membership
• 3 points for every dollar spent on eligible dining and food delivery, 2 points for every dollar spent on eligible travel, and 1 point for every dollar spent on everything else.
• Access to special experiences, unique opportunities, and special events.

Pros 

• Less than the average interest rate
• Reward points
• Multiple travel benefits

Cons

• High annual fee

2. American Express Centurion Card

• Annual Interest Rate on Purchase: Prime Rate + 12.74%
• Annual Fee: $5,000
• Rewards: 1 point on all $1 purchases

This is the pioneer master credit card in America that extended to Canada in 2009. Formerly known as the American Express Black Card, the American Express Centurion Card is a charge card issued on an invitation to Platinum cardholders that meet certain requirements.

However, you can request an invitation if you’re an American Express cardholder and are interested in holding the American Express Centurion card.

Besides the $5,000 annual membership fee, qualified Platinum cardholders must pay a $10,000 invitation fee.

Key Features

• Offers 1.5 points per dollar on eligible purchases over $5,000 (Up to 1 million additional points per year)
• Offers 1 point on all eligible purchases
• Offers Complimentary elevation to elite status levels at hospitality brands, including IHG Platinum Elite, Marriott Bonvoy Gold, Hilton Honors Diamond, and Relais & Châteaux 5C.
• Access to the Global Lounge Collection and Exclusive retail benefits
• Invitation to the exclusive Hertz Platinum status and Avis President’s Club

Pros 

• Exclusive deals and events
• Low-interest rate
• Reward points
• No foreign transaction fees

Cons

• High annual fee
• Strict requirements
• $10,000 invitation fee.

Request for an invitation

3. American Express Gold Card

• Annual Interest Rate on Purchase: 20.99%
• Annual Fee: $250
• Rewards: Variable

The American Express Gold Card is made of stainless steel metal, offering a luxurious feeling with advanced premiums.

You will earn a 50,000 points welcome bonus upon spending $3,000 within your initial three months of registration.

In addition, when you make purchases within 14 to 17 months of registration, you’ll earn 10,000 points. That is $100 since 1,000 points = $10.

That said, the following is the reward structure of the American Express Gold Card:

• 2 points per all $1 eligible grocery, gas, and drugstore spending.
• 2 points per all $1 eligible travel purchases.
• 1 point per all $1 eligible purchases everywhere else.
• 1 extra point for all $1 spent on American Express Travel Online.

Key Features

• Offers up to 50,000 Membership Reward points
• Offers 40,000 welcome bonus points when you spend $3,000 within the first three months on card membership
• Offers 10,000 points for purchases you make between 14 and 17 months of card membership
• Available in Gold or Rose Gold metal options
• Lucrative reward rates
• Access to special experiences and unique events.

Pros

• High reward opportunities
• Up to five free additional card users
• Points transfer

Cons

• Good credit score requirements
• Charges annual fee

4. American Express Aeroplan Reserve

• Annual Interest Rate on Purchase: 19.99%
• Annual Fee: $599
• Rewards: Variable

The American Express Aeroplan Reserve is another best metal credit cards in Canada. This card offers up to 90,000 Aeroplan points and a bonus Buddy Pass as a welcome bonus.

Furthermore, this card offers 30,000 Aeroplan points plus a bonus Buddy Pass upon spending $3,000 during your initial three months of membership.

Look at the reward structure of the American Express Aeroplan Reserve:

• 5,000 Aeroplan points upon spending $1,00 worth of monthly billing during your initial year of registration.
• 3 points for all eligible Air Canada Vacations and Air Canada spending.
• 2 points for all eligible dining and food delivery purchases in Canada.
• 1.25 points for all other purchases.

Key Features

• Offer 85,000 welcome bonus Aeroplan points
• Offers 55,000 Aeroplan points when you spend $6,000 within the first six months of card membership
• Lucrative reward rates
• Access to more than 1,200 Priority Pass airport lounges
• Access to Air Canada Maple Leaf Lounges
• Accepted across 170 Aeroplan partner brands and 120 online retailers

Pros

• Average interest rate
• Reward points
• Competitive welcome bonus
• Free checked bags
• Maple Leaf Lounge access

Cons

• Reward points can only be used for Aeroplan
• High annual fee

5. BMO Eclipse Visa Infinite Privilege

• Annual Interest Rate on Purchase: 20.99%
• Annual Fee: $499
• Rewards: Variable

The BMO Eclipse Visa Infinite Privilege is a metal credit card with luxurious feelings and advanced premiums.

This card offers 5 points for every $1 spent on dining, gas, groceries, travel, and drugstore and 1 point on everything else. With the addition of an authorised user, you will earn 25% more points for all purchases.

However, to qualify, you must have a $150,000 personal annual income or a $200,000 family annual income.

Key Features

• Lucrative reward rates
• You can pay or redeem points with points on travel, experiences, cash, merchandise, etc.
• Access to a Visa Airport Companion membership
• Offers Visa Infinite Privilege benefits, like Visa Luxury Hotel Collection, Visa Infinite Wine Country, etc.
• Offers robust insurance packages, like mobile device insurance and travel insurance

Pros

• Advanced premiums
• Luxury perks
• Reward points
• Competitive welcome bonus

Cons

• Above-average interest rates
• High annual fee
• High-income requirements 

6. CIBC Aventura Visa Infinite Privilege

• Annual Interest Rate on Purchase: 20.99%
• Annual Fee: $499
• Rewards: Variable

The CIBC Aventura Visa Infinite Privilege Card is a popular mental credit card in Canada, offering valuable insurance and variable rewards upon purchases.

You earn 3 points for every eligible $1 spent on travel, 2 points for every $1 spent on eligible gas, groceries, dining, and transportation, and 1.25 points on every other purchase. Each $2,000 monthly spendings attract you 2,500 points within your first year of registration.

Furthermore, you will earn 30,000 points upon spending $3,000+ within your initial four months of membership.

Overall, you will earn up to 60,000 points within your first year of registration. This is worth $1,200 in travel value.

Key Features

• Offers 60,000 Aventura Points as a welcome bonus
• Offers six complimentary visits at 1,200 lounges globally via the Visa Airport Companion Program
• Lets you redeem points for merchandise, gift cards, airline tickets, and more.
• No transaction fees
• Access to unique experiences and special events

Pros

• Reward points
• Travel and rental car  insurance
• First-year annual fee rebate
• Free Priority Pass airport lounge access

Cons

• Above-average interest rates
• High annual fee

7. RBC Avion Visa Infinite Privilege for Private Banking

• Annual Interest Rate on Purchase: N/A
• Annual Fee: N/A
• Rewards: 1.25 points for every $1 spent

The RBC Avion Visa Infinite Privilege for Private Banking is a metal credit card designed exclusively for private banking clients. This card offers 1.25 points for every $1 spent, redeemable for gift cards, merchandise, travel or flights, etc.

Furthermore, the RBC Avion Visa Infinite Privilege for Private Banking offers valuable insurance, purchase security, and an extended warranty.

However, you must have an average of $1,000,000 or $3,000,000 net worth of investable assets to quality.

Pros

• Competitive welcome bonus
• Flexible reward points
• Travel Insurance 
• Purchase Security and Extended Warranty.

Cons

• High-income requirements

8. HSBC Jade World Elite MasterCard

• Annual Interest Rate on Purchase: 19.90%
• Annual Fee: $299
• Rewards: Variable

The HSBC Jade World Elite MasterCard is another best metal card in Canada and is worthy of consideration.

This card offers 6 points on all $1 eligible travel spending and 3 points for all $1 eligible purchases and travel rewards.

In addition to 31-day travel insurance coverage, the HSBC Jade World Elite Mastercard rewards international shopping with its zero foreign currency conversion fee.

However, you must be an HSBC Jade client and have an average of $1,000,000 in your account or investable assets to qualify.

Key Features

• No foreign exchange fees
• Free supplementary cards
• Offers 3% in travel perks, that is, six points per $1 spent
• Offers lounge access with the Complimentary Dragonpass membership
• $200 annual travel enhancement credit

Pros

• Average interest rates
• Reward points
• 31-day travel insurance
• Free foreign currency conversion

Cons

• High-income requirements
• High annual fee

9. Marriott Bonvoy Brilliant American Express

• Annual Interest Rate on Purchase: 15.74% to 24.74%
• Annual Fee: $450
• Rewards: Variable

The Marriott Bonvoy Brilliant American Express is our overall best metal credit card in Canada, with low-rate annual interest purchases and spending.

Besides high fees, most metal cards have higher annual interest rates on purchases and spending than non-plastic cards.

That said, you will earn up to 75,000 points upon using this card to make purchases during your initial three months of registration.

The following is the breakdown of the Marriott Bonvoy Brilliant American Express’ reward structure:

• 6 points for all eligible purchases at partner hotels.
• 3 points for direct flight booking with airlines.
• 3 points for dining at U.S. restaurants.
• 2 points for every eligible $1 purchase.

Key Features

• Offers 150,000 Marriott Bonvoy® bonus points when you spend 5,000 within the first 3 months.
• When you renew your card, you get up to $300 in statement credits for eligible purchases at restaurants worldwide.
• Lucrative reward rates for travels
• Offers access to Marriott Brilliant Free Night Award
• You get to select an Earned Choice Award benefit after spending $60,000 on eligible purchases yearly

Pros

• Low-interest rates
• Reward points
• Free annual Night Award for accumulating 50,000 points
• 15 elite night credits each year

Cons

• High annual fee
• No promotional interest rate

10. Chase Sapphire Reserve

• Annual Interest Rate on Purchase: 16.99%–23.99%
• Annual Fee: $550
• Rewards: Variable

The Chase Sapphire Reserve is one of Canada’s best metal cards with low interest rates.

In addition to the low interest rate, this card offers 50,000 bonus points upon spending $4,000 during your initial three months of registration.

Moreso, the Chase Sapphire Reserve rewards you with a 50% redemption value upon redeeming your points for travel via the Chase Ultimate Rewards.

Key Features

• Offers 80,000 bonus points when you spend $4,000 within the first 3 months
• Offers $300 Annual Travel Credit as reimbursement for travel purchases
• Offers 5 points on flights and 10 points on hotels and car rentals when you use the card to purchase travel immediately after the first $300 is spent on travel purchases annually.
• Offers 3 points on other travel and dining and 1 point per $1 spent on all other purchases
• Access to 1,300+ airport lounges worldwide 
• Get 50% more value whenever you redeem your points for travel
• Solid insurance packages, including Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more

Pros

• Low-interest rates
• Luxury perks
• Competitive reward points
• Transfer partners
• Travel and rental car coverage

Cons

• High annual fee
• Excellent credit requirements

How I Reviewed the Best Metal Credit Cards in Canada

After a critical evaluation, we compiled this list of Canada’s best metal credit cards. We used the following criteria to select Canada’s best metal credit cards.  

• Interest Rate: Most metal credit cards have without corresponding benefits. The above metal credits offer perks and rewards to offset a portfolio of interest rates.    
• Competitive Rewards: The above metal credit cards offer competitive rewards compared to other cards. This helps you offset a significant portion of your purchases. 
• Perks: From exclusive deals, travel benefits, purchase assurance, and extended warranty in addition to other benefits, the above cards stand out from the competition.
• Luxury Feelings: You can’t make the wrong choice with any of the above metal credit cards if you’re looking for a credit card with a luxurious feeling.

What is a Metal Credit Card?

A metal credit card is a form of credit card made of metal. This card performs the same function as other non-metal credit cards, the only difference being a luxurious feeling and superior premium.

In addition to luxurious banking benefits, metal credit cards usually offer rewards on everyday expenses and travel. While metal credit cards are heavier than plastic cards, they offer fewer additional benefits.

Thus, credit cards made of metal may not always be superior to plastic ones. However, metal credit cards offer a special feeling and advanced premiums.

Is a Metal Credit Card Worth It?

While metal credit cards are more suitable for high-income earners and investors, they are available for all.

However, a metal credit card is worth it for anyone looking for a credit card with a luxurious appearance and superior premiums. Besides, it gets noticed easily once you put it on the counter.

The major differences between metal credit cards and non-metal cards are luxury feelings and superior premiums.

Metal credit cards are the most prestigious and exclusive credit cards in Canada. However, they are heavier than plastic cards and have fewer additional benefits.

That said, don’t base your consideration on the material when evaluating the best credit cards. Choose a credit card that aligns with your spending habits and offers maximum benefits.

How to Choose the Best Metal Credit Card in Canada

While only a few metal credit cards are in the market, narrowing your selection amidst competing options can be challenging.

Besides, different metal cards suit different spending habits. Thus, the best metal card for MR. A could be the “not-so-good” for MR. B.

So how do you determine the best metal credit card for your spending habits in Canada? Here are five factors to consider when deciding which metal credit card is perfect for you:

1. Annual Interest and Fees: Metal credit cards have different annual interest rates and fees. While some compensate for the high interest rates and fees with superior premiums and perks, others offer no additional benefits.
2. Rewards: The higher the reward, the better. The best metal card rewards you according to your spending habits.
3. Perks: The overall value of a metal card can be determined by its perks. The higher the perks, the higher the value.
4. Valuable Insurance: Credit card insurance covers you against unexpected expenses due to an emergency or travel. The best metal credit card offers valuable insurance.
5. Income Requirements: Most mental credit cards have higher income requirements than non-mental credit cards. So, the best metal credit for you should fit your income.

RECOMMENDED READINGS

• Best MasterCard in Canada

Final Thoughts on Metal Credit Cards in Canada

Choosing the best metal credit card for you depends on your preferences and financial situation. So, whether you’re a frequent traveller or enjoy dining out and shopping, there’s a metal credit card out there for you. 

Take the time to review each card’s features, rewards, and benefits, and choose the one that suits you best.

Remember, when selecting a credit card, you must consider your spending habits and lifestyle to ensure you get the best value for your money. 

So what are you waiting for? It’s time to upgrade your wallet and experience the luxury of a metal credit card. Apply for the best metal credit card in Canada today and enjoy the perks that come with it!