🇨🇦 Credit Card Requirements in Canada

In Canada the comparison often hinges on foreign-transaction fees and which travel program a card feeds, since the big five banks (TD, RBC, Scotiabank, CIBC, BMO) and Amex dominate with similar core products. Approval uses a credit score from 300 to 900 (around 660+ is generally considered good as of 2026), and minimum-income requirements gate the premium tiers. The standard 2.5% FX fee on most cards adds up fast abroad, so a no-FX card can save real money if you travel; if you don't, it's not worth chasing. Verify welcome-bonus terms and any income requirement with the issuer.

The score that matters

Banks in Canada lean heavily on your Credit Score (it runs 300–900). Clear 660+ and the premium cards open up; sit below it and you'll still find secured and starter cards built for thinner files.

What you'll usually need

• To be old enough — 18+, sometimes 21+ on certain cards
• ID that checks out (passport, national ID or the local equivalent)
• Something that proves where you live
• Evidence you earn — payslips, bank statements or tax records
• A Credit Score in the qualifying range
• Residency, or a visa/work permit that allows it

Tilting the odds your way in Canada

• Pull your Credit Score first — most bureaus let you see it free.
• Apply only for cards that match your score band; scattershot applications mean needless rejections.
• Keep balances low and never miss a due date.
• No history yet? Begin with a secured or entry-level card and build from there.

Regulator: FCAC. Every issuer sets its own bar — confirm on the official application page before you apply.