Credit Cards By Income Level

Here are the top credit cards in Canada for low, middle, and high income earners.

When selecting the right credit card, it’s vital to not only consider appealing features but also assess your eligibility for the card. In Canada, credit card income requirements are categorized into three annual earning brackets: $0-$59,999, $60,000-$79,999, and $80,000+.

Here are our top credit card recommendations tailored to each income level:

Income Bracket: $0-$59,999

• Consider cards with modest annual fees or no annual fees.
• Look for cards offering cashback rewards or basic travel perks.
• Examples: No-fee cashback cards, entry-level travel rewards cards.

Income Bracket: $60,000-$79,999

• Explore cards with moderate annual fees offering enhanced rewards and benefits.
• Look for cards with higher cashback rates, travel rewards, or premium insurance coverage.
• Examples: Mid-tier cashback cards, travel rewards cards with moderate annual fees.

Income Bracket: $80,000+

• Opt for premium cards with robust rewards and extensive benefits.
• Consider cards offering exclusive travel perks, airport lounge access, and concierge services.
• Examples: Premium travel rewards cards, elite cashback cards with elevated benefits.

By aligning your credit card choice with your income bracket, you can maximize the benefits while ensuring affordability and suitability for your financial situation.