5 Best Cards with a High Limit in Canada
If you’re looking for a credit card in Canada that offers a high credit limit, you’re likely aiming for a card that provides financial flexibility and benefits that match your spending needs.
High-limit credit cards are particularly appealing to those who need to make large purchases or prefer the convenience of not worrying about maxing out their credit line.
In this article, we’ll explore five of the best high-limit credit cards available in Canada, highlighting their features, benefits, and what makes them stand out.
1. Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card is known for its generous credit limits and robust rewards program.
This card is ideal for those who want to maximize their rewards on everyday purchases while enjoying the perks of a high credit limit.
With the Scotiabank Gold American Express, you can earn 5x points on groceries, dining, and entertainment, and 3x points on gas, transit, and streaming services.
The card also offers a welcome bonus of 40,000 points when you spend $1,000 in the first three months, which can be redeemed for travel, merchandise, or statement credits.
In addition to its rewards program, the card provides a comprehensive travel insurance package, including emergency medical coverage, trip cancellation, and rental car insurance.
The absence of foreign transaction fees also makes this card a great choice for travelers.
The credit limit for the Scotiabank Gold American Express can vary based on your credit score and financial situation, but it’s known to offer higher limits than many other cards in its category, making it a strong option for those seeking financial flexibility.
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2. RBC Avion Visa Infinite Card
The RBC Avion Visa Infinite Card is another excellent choice for those seeking a high credit limit in Canada.
This card is tailored for frequent travelers who want to earn flexible rewards points that can be redeemed for a variety of travel options.
The RBC Avion Visa Infinite offers 1.25 RBC Rewards points for every dollar spent, and 1 point per dollar on all other purchases.
Additionally, the card provides a generous sign-up bonus of 25,000 points, which can be redeemed for flights, hotels, car rentals, and more.
One of the standout features of the RBC Avion Visa Infinite is its comprehensive travel insurance, including trip interruption and cancellation, emergency medical, and lost baggage coverage.
Cardholders also have access to Visa Infinite Concierge services, which can assist with travel bookings, event tickets, and restaurant reservations.
In terms of credit limits, the RBC Avion Visa Infinite is known for offering substantial limits to qualified applicants.
The card’s high limit, coupled with its travel benefits and rewards program, makes it a top choice for Canadians who value luxury and convenience.
3. American Express Platinum Card
The American Express Platinum Card is synonymous with luxury and high credit limits. This card is designed for those who want access to exclusive benefits and premium services, along with the flexibility of a high spending limit.
Unlike traditional credit cards, the American Express Platinum Card has no pre-set spending limit. Instead, your limit is dynamic and adjusts based on factors like your spending patterns, payment history, and credit profile.
This feature is particularly appealing to high-net-worth individuals who require significant purchasing power.
In addition to its flexible limit, the American Express Platinum Card offers a host of premium benefits, including access to over 1,300 airport lounges worldwide through the Global Lounge Collection, a $200 annual travel credit, and comprehensive travel insurance.
The rewards program is equally impressive, with 3x points on dining and 2x points on travel.
New cardholders can also take advantage of a welcome bonus of up to 80,000 points, which can be redeemed for flights, hotels, and other travel experiences.
While the annual fee for this card is higher than most, the combination of its high limit and extensive benefits make it a top-tier option for those who want the best in both spending power and luxury perks.
4. TD Aeroplan Visa Infinite Privilege Card
The TD Aeroplan Visa Infinite Privilege Card is an excellent choice for frequent flyers who want a high credit limit and access to exclusive Air Canada benefits.
This card is part of the Aeroplan program, allowing you to earn points that can be redeemed for flights, upgrades, and other travel experiences.
Cardholders earn 1.5 Aeroplan points for every dollar spent on eligible purchases, with bonus points for Air Canada purchases and select categories like groceries and gas.
The card also offers a welcome bonus of up to 50,000 Aeroplan points, depending on your spending within the first three months.
One of the key benefits of the TD Aeroplan Visa Infinite Privilege Card is the extensive travel insurance coverage, including emergency medical, trip cancellation, and flight delay insurance.
Additionally, cardholders receive priority check-in, boarding, and baggage handling when flying with Air Canada, along with complimentary access to Air Canada Maple Leaf Lounges.
The credit limit on this card is typically higher than average, making it a suitable choice for those who require substantial purchasing power along with valuable travel perks.
The card’s high limit and travel benefits make it an ideal option for high-spending travelers who prefer flying with Air Canada.
5. BMO World Elite Mastercard
The BMO World Elite Mastercard is a well-rounded credit card that offers high credit limits, a strong rewards program, and extensive travel benefits.
This card is perfect for those who want to earn points on everyday purchases while enjoying the flexibility of a high credit limit.
Cardholders earn 3 BMO Rewards points for every dollar spent on travel, dining, and entertainment, and 1 point per dollar on all other purchases.
The card also provides a welcome bonus of up to 35,000 points, which can be redeemed for travel, merchandise, or statement credits.
In addition to its rewards program, the BMO World Elite Mastercard offers comprehensive travel insurance, including emergency medical coverage, trip cancellation, and rental car insurance.
Cardholders also have access to Mastercard Airport Experiences, which provides access to over 1,000 airport lounges worldwide.
The credit limit for the BMO World Elite Mastercard is typically high, making it an attractive option for those who want both flexibility and rewards.
The card’s combination of a robust rewards program, travel benefits, and a high credit limit makes it a top choice for Canadians seeking a premium credit card.
Conclusion
Choosing a high-limit credit card in Canada depends on your financial needs, spending habits, and the type of rewards and benefits you value most.
The Scotiabank Gold American Express, RBC Avion Visa Infinite, American Express Platinum, TD Aeroplan Visa Infinite Privilege, and BMO World Elite Mastercard all offer substantial credit limits along with a variety of perks.
Whether you’re a frequent traveler, a luxury seeker, or someone who wants to maximize everyday rewards, one of these cards is sure to meet your needs.
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