creditcardGenius Announces the Best Canadian Credit Cards in 16 Categories, Including Overall in 2017

MONCTON, Oct. 16, 2017 /CNW/ - Today, creditcardGenius announced the best credit cards for Canadians in 16 categories. A total of 150+ credit cards were analyzed, comparing over 50 features of each card, and ranked so consumers can find their best credit card matches that correspond to their individual needs.

Built and progressively fine-tuned for over seven years, a math-based comparison engine calculates a score out of five for each card by fully integrating credit card rewards, fees, perks, interest rates and insurance coverage ? in conjunction with the user's preferences in real-time.

"Our comparison engine started as a passion project with the goal to simplify the complex and confusing rewards systems," said Stephen Weyman, Co-Founder of creditcardGenius. "Consumers don't need to settle for a mediocre card. Our scoring system, the Genius Rating, allows consumers to select a card based on what's important to them in real-time and compare cards using one simple number."

In addition to the Best Overall card, top cards are listed in the following categories: Cash Back, No Fee Cash Back, Travel, No Fee Travel, Rewards, Aeroplan, AIR MILES, Low Interest, Balance Transfer, US Dollar, Store, Foreign Exchange, Student, Flexible, and Perks.

"Consumers should shop around and see the full list of what's out there," added Weyman. "We list cards from every major national financial institution, and our comprehensive algorithm solely dictates the results of our rating system."

Best Canadian Credit Card Awards:

Best Travel
American Express Cobalt Card

Best No Fee Travel
CIBC Aventura Visa Card

Best Cash Back
MBNA Rewards World Elite Mastercard

Best No Fee Cash Back
Rogers Fido Mastercard

Best Rewards
American Express Cobalt Card

Best Aeroplan
American Express Gold Rewards Card

Best AIR MILES
BMO AIR MILES World Elite Mastercard

Best Low Interest
Desjardins Odyssey Visa Infinite Privilege

Best Balance Transfer
MBNA Platinum Plus Mastercard

Best US Dollar
RBC U.S. Dollar Visa Gold

Best Store
Scotiabank GM Visa Infinite Card

Best Foreign Exchange
Rogers Platinum Mastercard

Best Student
RBC Visa Platinum Avion

Best Flexible
American Express Cobalt Card

Best Perks
Desjardins Odyssey Visa Infinite Privilege

Best Overall
American Express Cobalt Card

To learn more about all the top ten cards in each category, visit the Best Credit Cards in Canada 2017 page.

About creditcardGenius:

creditcardGenius is the only tool that compares 50+ features of 150+ Canadian credit cards using math-based ratings and rankings that respond to consumer's needs, instantly.

SOURCE creditcardGenius