The Best Metal Credit Cards in Canada in 2024

In Canada, there are quite a few different types of metal cards. Each one comes with its own requirements you need to meet for approval. These cards are often considered to be high rewards credit cards as well.  

Top 9 Credit Card Options

Many different banks and large credit card issuers offer metal credit cards. Each of these cards is unique, whether they’re from the same bank or not. Let’s take a look. 

Amex Aeroplan Reserve Card

The American Express Aeroplan Reserve Card is a great option for a travel rewards card. Right now, when you get this card, you can earn 60,00 Aeroplan points when you spend $7,500 on your card in the first 3 months. You can also earn an extra 25,000 points when you spend $2,500 in month 13. 

With this card, the purchase interest rate is 21.99%, the cash advance rate is 21.99%, and there’s an annual fee of $599. There’s an additional fee of $199 for each card. The best part of this card, though, is what it includes. 

You can earn 3X Aeroplan points on eligible Air Canada purchases, including Air Canada vacations, 2X the points on dining and food delivery purchases and 1.25X the points on everything else. You also have access to exclusive travel benefits and exclusive Air Canada benefits, including:

• One Annual Worldwide Companion Pass when you spend $25,000 in one year
• Air Canada Priority check-in, Air Canada priority boarding and priority baggage handling for you and up to 8 people with Air Canada
• Access to Air Canada Maple Leaf Lounges and Air Canada Cafes for you and a guest on Air Canada and Star Alliance flights
• Priority access to standby lists and upgrades
• Free checked bag (first) with Air Canada for you and up to 8 guests
• $100 NEXUS statement credits
• Lounge access with a priority pass
• Pearson priority lane security 
• 15% off express and daily park rates at Toronto Pearson International Airport
• 15% off car care services at Toronto Pearson International Airport
• Complimentary upgrade to AVIS Presidents Club

Besides all of the perks, another thing to consider when choosing a credit card is the insurance that is included. The insurances included with this card are:

• Trip delay insurance
• Trip interruption insurance
• Out-of-province and country emergency medical insurance
• Flight delay insurance
• Baggage delay insurance
• Hotel burglary insurance
• Lost or stolen baggage insurance
• $500,000 travel accident insurance
• Car rental theft and damage insurance
• Travel emergency assistance
• Buyers' assurance protection plan
• Purchase protection plan

With American Express, you also get world-class service, exclusive offers and different borrowing options. 

American Express Aeroplan Business Reserve Card

The American Express Aeroplan Business Reserve Card has the same rate and premium benefits as the American Express Aeroplan Reserve premium credit card. The only difference is the added business benefits. These include:

• Employee card misuse protection
• Special business offers

American Express Platinum Card

Another great option for a metal card is The Platinum Card From American Express. When you sign up for this card now you’ll receive 70,000 points after you spend $10,000 on your card in the first 3 months. You can earn another 30,000 when you make a purchase between the months 14 and 17. There’s no pre set spending limit on the card and an annual fee of $799 is required. 

With this card, you also earn some great rewards. You can earn 2x the points for every dollar spent on dining, food delivery and travel. You can earn 1X the points on everything else. As for benefits, all the same ones as the other standard American Express cards we mention, but with a few additions. The additional benefits are:

• Exclusive American Express Travel Online offers
• Hotel status benefits
• Complimentary fine hotels and resorts benefits
• American Express Global Lounge collection
• $200 annual travel credit
• Platinum concierge
• Global dining collection
• $200 annual dining credit
• $200 or more in member extras

Business Platinum Card From American Express

With the Business Platinum Card From American Express, you can earn up to 80,000 points when you spend $15,000 in net purchases prior to the end of the first 3 months. You can also earn an extra 40.000 points when you make a purchase between months 14 and 17. 

The annual fee for this card is $799, and there’s no preset spending limit. Your purchases are also interest-free for the first 55 days. Most of the other benefits that are included with the Platinum Card From American Express are also included with this card. There are just a few added business benefits, but the points are different. You only earn 1.25X the points for every dollar you spend. 

The business benefits included with this card are:

• Expense management reports
• Business services
• Employee card misuse protection
• Plaza Premium lounge
• Priority pass
• The centurion lounge
• Delta sky club
• Premium airport transfer service
• International airline program discounts
• Platinum card travel service

American Express Gold Rewards Card

If you’re looking for a high-limit metal credit card, the American Express Gold Rewards Card is another great choice. When you sign up now, you can get up to 60,000 reward points. You’ll earn 5,000 points for $1,000 spent each month in the first year you get the card. The rate of this card is 21.99%, and the annual fee is $250. However, you do get 1 free additional gold rewards card as well.

The points you earn with this card are 2X the points for every dollar you spend on travel and everyday purchases. You get 1X the points on everything else. The benefits included with this card are:

• $100 annual travel credit
• Priority Pass Worldwide Lounge Access
• Plaza Premium Lounge Visits
• $50 NEXUS Card Statement Credit
• The Hotel Collection Benefits
• Hertz Car Rental Benefits
• American Express Travel Online offers
• Trip cancellation insurance
• Trip interruption insurance
• Flight delay insurance
• Baggage delay insurance
• Hotel burglary insurance
• Lost or stolen bag insurance
• $500,000 travel accident insurance
• Car rental theft and damage insurance
• Travel emergency assistance
• American express experiences
• Buyer’s Assurance Protection Plan
• Purchase Protection Plan
• Amex Offers

BMO Eclipse Visa Infinite Privilege Card

The BMO Eclipse Visa Infinite Privilege Card has a purchase interest rate of 20.99%, a cash advance rate of 23.99%, and an annual fee of $499. You must have a minimum annual income of $150,000 or a household income of $200,000. If you qualify, though, you can earn up to 120,000 points as a welcome offer. 

When it comes to BMO rewards points, you can earn 5x the points for purchases at grocery stores and on gas, travel, dining and drugstore purchases. Plus, you earn 1 point for every dollar spent on all other purchases. The Visa Infinite Privileges include:

• Visa airport companion membership and 6 complimentary airport lounge visits
• Priority security line, airport parking, and valet service discounts at certain airports
• Access to the Visa Infinite Luxury Hotel Collection
• Access to the Visa Infinite Privilege Concierge
• Access to the Visa Infinite Dining Series and Visa Infinite Wine Country
• Troon Rewards Golf Benefits

When it comes to benefits that BMO includes with their credit cards, you can get:

• Out-of-province/Country Emergency Medical Insurance
• Common Carrier Insurance
• Collision/Loss Damage Insurance on Car Rentals
• Trip Cancellation Insurance
• Trip Interruption Insurance
• Flight Delay of Baggage Insurance
• Purchase Security Insurance
• Extended Warranty Insurance

TD Aeroplan Visa Infinite Privilege Card

Just like the other metal credit cards that we’ve mentioned, the TD Aeroplan Visa Infinite Privilege Card has a special welcome offer. If your account is approved by September 3, 2024, you could earn up to a $2,700 value back. That said, the rates on this card are 20.99% on purchases, 22.99% on cash advances as well as an annual fee of $599. 

Before you apply for this card, though, it is important to note that you need a personal income of $150,00 or a household income of $200,000. However, if you do get approved, there are some great benefits you need to know about. 

With this card, you can earn some great points. You earn 2 points for every $1 spent on Air Canada, 1.5 points for every dollar spent on everyday purchases, and you can earn points twice when you use your Aeroplan payment card and your Aeroplan number. The other benefits include:

• Maple Leaf Lounge Access
• Annual Worldwide Companion Pass
• Priority check-in 
• Priority boarding
• Priority baggage handling
• Priority airport standby
• Priority airport upgrades
• Avis Presidents Club complimentary upgrades
• Global airport lounge access
• Visa Infinite Concierge
• Travel Medical Insurance (Comprehensive Travel Insurance)
• Trip Cancellation Insurance
• Trip Interruption Insurance
• Flight Delay Insurance
• Delayed and Lost Baggage Insurance
• Nexus
• Common Carrier Travel Accident Insurance
• Auto Rental Insurance
• Hotel Burglary Insurance
• Mobile device insurance
• Purchase security and extended warranty protection

CIBC Aeroplan Visa Infinite Privilege Card

CIBC offers the Aeroplan Visa Infinite Privilege Card. Currently, they have a welcome offer for this card where you can get up to a $2,200 value in your first year. You earn this value by getting up to 20,000 points when you make your first purchase. You can earn another 30,000 points when you spend $7,000 or more during your first 4 months and an additional 1-year, one-time anniversary bonus of 10,000 points if you have at least $15,000 in statement amounts in your first 12 months. There are some other added perks thrown in there as well, including:

• First checked bag free for 2 passengers for each round trip flight if you take one or more round trip Air Canada flights in the first year
• Maple Leaf Lounge unlimited access
• 6 complimentary lounge visits with the Visa Airport Companion program
• NEXUS application fee rebate

The rates for this particular card are similar to those of other metal cards. There’s an annual fee of $599, a purchase interest rate of 20.99% and a cash interest rate of 22.99%. That said, in order to qualify, you do need a minimum annual income of $150,000 or a household income of $200,000. 

Since this is an Aeroplan card, there are plenty of ways to earn points for their flexible points travel program. These include:

• 1.5 points for every $1 spent on eligible travel purchases as well as gas, EV charging, grocery, and dining purchases
• 2 points for every $1 spent with Air Canada
• 1.25 points for every dollar spent on all other purchases
• You can also earn twice the points through the Aeroplan store

Other benefits included are:

• Out-Of-Province Travel Medical Insurance
• Trip Cancellation Insurance
• Trip Inturruption Insurance
• Flight Delay and Baggage Insurance
• Hotel Burglary Insurance
• Common Carrier Accident Insurance
• Mobile Device Insurance
• Purchase Security and Extended Protection Insurance
• Auto Rental Collision and Loss Damage Insurance
• Priority check-in, boarding, and baggage handling for you and 8 companions
• Avis Presidents Club complimentary upgrade

CIBC Aventura Visa Infinite Privilege Card

The CIBC Aventura Visa Infinite Privilege Card is another great option for those looking to earn points with a metal card. CIBC also has a great welcome offer for this card, which allows you to earn over $2,200 in value. These welcome bonus points include:

• 25,000 Aventura points when you spend $3,000 in your first 4 months
• 25,000 Aventura points when you spend $6,000 in your first 4 months
• 1-year anniversary bonus of 30,000 points if you have at least $25,000 in statement amounts in your first 12 months
• 6 complimentary lounge visits with the Visa Airport Companion program
• 2 NEXUS application fee rebates
• $200 annual travel credit

The rates for this card are also similar to other metal credit cards. There’s an annual fee of $499, a purchase interest rate of 20.99% and a cash interest rate of 22.99%. In order to qualify for this card, you need to have an annual income of $150,000 or a household income of $200,000. 

The points earned with this card are:

• 3 points for every $1 spent on travel purchased through the CIBC rewards centre
• 2 points for every $1 spent on dining, entertainment, gas, transportation, groceries and EV charging
• 1.25 points on all other purchases

Other benefits included are:

• VIP luxury hotel benefits
• Out-Of-Province Travel Medical Insurance
• Trip Cancellation Insurance
• Trip Inturruption Insurance
• Flight Delay and Baggage Insurance
• Hotel Burglary Insurance
• Common Carrier Accident Insurance
• Mobile Device Insurance
• Purchase Security and Extended Protection Insurance
• Auto Rental Collision and Loss Damage Insurance

Visa Infinite Privilege Vs Amex Platinum

When we look at the different options for metal credit cards in Canada, we notice that they’re either Amex or Visa Infinite Privilege. While the credit card issuer will make a difference in what the card offers, so will the type of card. Both Visa Infinite Privilege and Amex Platinum are very different. Let’s take a look. 

Visa Infinite Privilege

The thing about Visa Infinite Privilege cards is that they offers the most perks. This is because they’re the highest level of Visa card. While each credit card issuer offers their own perks, many are related to the Visa Infiite Privilege status. These cards have a great rewards system as well. Even though they have high fees, they also have high limits, if any, and can procide some great benefits and savings to those who travel a lot. 

Amex Platinum

Amex Platimum offers the most perks out of all of the Amex credit cards. There’s no specified credit limits and have a higher annual fee than Visa Infinite Privilige cards. That said, the fees can be reduced with the platinum cards if you get the $200 annual travel credit, making the fee comparable. 

If you travel a lot, Amex offers some fantastic perks that rival the ones of Visa Infinte Platimum. However, the one downside to Amex Platimum that Visa has over them, is that Amex isn’t accepted everywhere. Visa Infinite Platinum is more widely accepted. 

Best Metal Credit Cards in Canada With No Annual Fee

Unfortunately, when it comes to metal credit cards, there’s always going to be an annual fee. This is because these credit cards have high limits as well as being metal. They also offer plenty of great rewards. If you’re looking for a high-limit credit card with no annual fee, then an ordinary plastic credit card that offers some great alternatives may be the way to go. However, they still don’t have all of the benefits that only metal credit cards can offer. 

Custom Metal Credit Cards in Canada

If you currently have a plastic credit card but are wanting a metal one, then a great option for you may be to have a custom one made. There are a few different companies in Canada that actually offer this service. 

Once you find a reputable custom metal credit card company, you can start to design your credit card. You can choose to have it made in 24k gold, chrome, silver, stainless steel or a bunch of different other alloys. You can also fully customize the design. However, how much the metal credit card costs and how much the metal credit card is worth is based on which metal you choose. 

Once you’ve designed it, you will send your plastic credit card off. However, you should make sure the card is locked and frozen so it can’t be used while it isn’t in your possession. Once you receive your new custom metal credit card, you can start using it again. However, you do need to take into account that the tap and pay function won’t be usable anymore.

Metal Debit Card Canada

Just like with metal credit cards, you can get custom metal debit cards. These aren’t issued at all by banks, but you can have one made. However, you won’t have access to the tap feature either. 

Does RBC Offer Metal Credit Cards?

In fact, RBC does offer a metal credit card. This is the RBC Avion Visa Infinite Privilege for Private Banking. This card is exclusive to their private banking clients and does have a high-income requirement. That said, the perks of this card are similar to those of other Visa Infinite Privilege cards. They have exclusive deals, travel perks and more. 

However, now that RBC owns HSBC, another card that technically falls under them is the HSBC World Elite Mastercard. 

HSBC World Elite Mastercard

The HSBC World Elite Mastercard offers the ability to earn points as well as use exclusive benefits. You get premium lounge access to over 750 airport lounges around the world, and you can earn 2 points for every dollar spent in certain countries, whether overseas or online. You can then redeem these points for vouchers with top retailers or even travel. 

Some travel benefits that are included are:

• 10% off select hotels through Expedia
• 10% off certain hotels booked through Agoda

Scotiabank Metal Credit Cards

Scotiabank offers a metal credit card called the Scotiabank Platinum American Express card. This card has a minimum credit limit of $10,000, an interest rate of 9.99% and an annual for of $399. The perks included with this card are:

• No foreign transaction fees
• Mobile device insurance
• 10 complimentary airport lounge access passes
• American express experiences
• Premium concierge services
• Amex offers
• Premium lifestyle experiences
• Jertz #1 Club Gold Member
• Scene points with every purchase

You can also get the Scotiabank Gold American Express Card that has an annual fee of $120, and rates of 20.99% on purchases and 22.99% on cash advances. 

How to Get A Metal Credit Card

There are two different ways you can get a metal credit card. You can have one custom-made from your current plastic credit card, or you can apply for one. However, there are some things to consider when considering both options. 

If you choose to apply for a metal credit card, it’s important to note that 90% of these cards have a high-income requirement. This is due to the fact that they’re high-limit, high-reward credit cards. They also require you to have a good credit score and low debt-to-income ratio. For this reason, it can be difficult to get an approval. 

The Most High-End Credit Card in Canada

In Canada, there are plenty of metal credit cards and different cards available to those who have a high income. These are considered to be more prestigious credit cards. This means that they include things like:

• Travel benefits
• High-quality rewards programs
• Concierge services
• Luxury perks
• Premium customer service
• High or no credit limits

Because this, these credit cards are often difficult to get approved for. And, some credit cards are more prestigious than others. These are the cards that millionaires and others who have a lot of money tend to choose. That said, there is one that sits above the rest which is the American Express Centurian Black Card. 

American Express Centurian Black Card

The thing about the American Express Centurian Black Card is that it’s very exclusive, and Amex doesn’t reveal what it takes to get this card. However, there are plenty of suspicions. It is believed that a $10,000 initiation fee is required and a $5,000 annual fee. However, the card is notoriously known for being limitless. Essentially, you don’t apply for this credit card, if you qualify, then you will get one. It’s usually the top 1% of income earners in Canada who might get an invite. 

The perks included with this card are:

• 1 point per dollar on all eligible purchases
• Complimentary elite status with leading hotel brands
• Automatic access to elite status with Delta Airlines
• Access to the Global Lounge Collection
• Invitation to Hertz Platinum Status and Avis President’s Club
• VIP Airport Arrival Services
• Fee Equinox Gym Membership
• 24/7 Concierge Services

The unique thing about the American Express Black Card is that it’s different from your typical credit card. This is because it’s actually a charge card, meaning you cannot leave a balance, and it has to be paid every monthly billing period. It’s often used for high-value purchases such as cars or planes, and it saves the trouble of carrying cash or having to have the funds wired. To even be considered for this card, you already have to have a high spending record on some of their other elite cards. Plus, you need a very good credit score. 

Final Thoughts

When it comes to getting a metal credit card in Canada, there are plenty of options available to you. These include making your own metal credit card. That said, a custom metal credit card won’t have the same capabilities as a card that is given to you by the credit card issuer. 

When it comes to getting a metal card issued to you, there are two main providers, which are American Express and Visa Infinite Privilige. However, Mastercard does have a few metal credit card options as well. The types of metal credit card you do get will be based on your annual income, your credit score and other financial factors. 

When you’re applying for these credit cards, it’s important you consider what’s important to you. Each card will offer it’s own benefits and some of those may not be what you’re looking for. These cards also can be difficult to get an approval so don’t be discouraged it you can’t get approved. There are plenty of plastic credit cards out there that have some amazing features.