Premium credit cards
We compare 11 premium credit cards from 6 Canadian issuers. Annual fees range from $399 to $799. Sorted lowest annual fee first.
Updated October 2026
Premium credit cards compared
Premium cards charge annual fees of $399 or more in exchange for richer perks: higher earn rates, travel credits, lounge access and more comprehensive insurance. They’re worth it only if you use enough of those perks to outweigh the fee.
1.25x on all Purchases
- Flat 1.25 points per dollar on all purchases
- Airport lounge access
- No bonus categories to track
4x on Scene+ Travel
- No foreign transaction fee
- 2 Scene+ points per dollar on all purchases
- 10 VIP airport lounge passes
3x on travel via CIBC Rewards Centre (CIBC by Expedia)
- 2x points on groceries, gas, dining and transportation; 1.25x elsewhere
- $200 annual travel credit
- Six lounge visits a year and two NEXUS application fee rebates
American Express Aeroplan Business Reserve Card
See detailsfrom American Express$599 annual feeRates & fees3x on travel
- 3 points per dollar on travel purchases
- 1.25 points per dollar on all other business spending
- Airport lounge access included
3x on Air Canada & Aeroplan
- 3 Aeroplan points per dollar on Air Canada and Aeroplan purchases
- Maple Leaf Lounge access when you fly Air Canada
- Free first checked bag plus priority check-in, boarding and security
5x on travel & Dining & Groceries & Gas & Drugstore
- 5 points per dollar on travel, dining, groceries, gas and drugstores
- Five broad bonus categories cover a big share of household spending
- Airport lounge access
2x on Air Canada
- 2 points per dollar on Air Canada and 1.5 on gas, dining and groceries
- 1.25-point base rate on all other spending
- Lounge access, a free checked bag and a companion pass
Scotiabank Passport Visa Infinite Privilege Card
See detailsfrom Scotiabank$599 annual feeRates & fees6x on Scene Plus Travel Portal
- No foreign transaction fees
- 6x Scene+ points on bookings through the Scene+ travel portal
- Airport lounge access
2x on Air Canada & Aeroplan
- Free first and second checked bags on Air Canada
- Air Canada Maple Leaf Lounge access with passes
- 1.25 points per dollar even outside the bonus categories
3x on dining & food delivery
- Unlimited airport lounge access, including Centurion and Priority Pass lounges
- $200 annual travel credit offsets part of the fee
- Points transfer 1:1 to airline and hotel partners
Business Platinum Card from American Express
See detailsfrom American Express$799 annual feeRates & fees1.25x on all Purchases
- Welcome offer of up to 120,000 Membership Rewards points
- 1.25 points per dollar on all purchases, with no categories to track
- $200 annual travel credit and a NEXUS rebate
Questions
How many premium credit cards does CreditLab compare?
We compare 11 credit cards in this category from 6 issuers, with fees from $399 to $799 a year. Each one links to a full breakdown of its fees, rates and features.
What’s the lowest annual fee in this category?
The lowest fee is $399 a year, on the RBC Avion Visa Infinite Privilege.
More credit cards by category
Fees and rates come from each issuer’s published terms. Always confirm with the issuer before applying. See our methodology.