Comparing three different credit cards reveals distinct features and benefits. The Scotiabank Value Visa Card has a low annual fee of $29 and a minimum credit limit of $500, offering a 12.
To sign up with Scotiabank's Value Visa Card, you must currently or have previously owned an account with Scotiabank
To sign up with the American Express Platinum Card, you must be a Canadian resident, have a credit file, and be the age majority in your Province/Territory
To sign up with RBC's Cashback Mastercard, you must already have a debit or credit card with RBC
Rewards
With Scotiabank's Value Visa card, you can save up to 25% on rental cards at participating locations
With an American Express Platinum Card, you are able to earn points that go towards paying for dining, groceries, flights, etc...
RBC's Cashback Mastercard allows you to collect points with Rexall, save more at Petro Canada, as well as 0$ delivery fee with Doordash for 3 months
Credit Limit
The minimum credit limit with Scotiabank's Value Visa Card is $500
There are no pre-set spending limits with the American Express Platinum Card
There are no pre-spending limits and you are able to earn money back with RBC's Cashback Mastercard
APR
The APR with Scotiabank's Value Visa Card is 12.99%
The APR with an American Express Platinum Card is 20.99%
The APR with RBC's Cashback Mastercard is 20.99%
Annual Fees
Scotiabank Value
Visa Card
With Scotiabank's Value Visa card, the annual fees are $29
Amex Platinum Card
With an American Express Platinum Card, the annual fee is $799
RBC Cashback Mastercard
With RBC's Cashback Mastercard, there are no anual fees