Best Credit Card for Everyday Use

The best card for everyday use should be simple:

• Easy to use everywhere

• Reward your regular spending (groceries, transit, bills)

• Not punish you with surprise fees or high interest if you slip up

KOHO Everything: Everyday Spending Without Debt

If you want rewards and strong day to day value without carrying a traditional credit card balance.

KOHO Everything is a solid everyday option:

• Spend your own money using a prepaid Mastercard®

• Grow your savings with 3.5% interest, one of the highest rates in Canada

• Earn a 2% cash back rate on groceries, eating, drinking, and transportation and 0.5% cash back on everything else

• There are no foreign exchange fees, so you save on international purchases and travel

• You can subscribe to Credit Building for $5/month, it's an affordable way to build your credit history.

• Unlimited transactions and free e-transfers

• No minimum balance required, ever

Other Strong Everyday Cards in Canada

If you’re comfortable with traditional credit (and pay in full every month), here are three credit cards that Canadians use for everyday spending.

1. Tangerine Money-Back Credit Card

A popular no annual fee cash back card:

• Lets you pick custom bonus categories (like groceries, restaurants, recurring bills, etc.)

• Gives a lower base rate on everything else

• Simple, flexible rewards card you can tailor to your lifestyle

2. CIBC Dividend Visa Infinite Card

A premium style cash back card often used everyday:

• Typically offers higher cash back on common categories like groceries and recurring bills, with a base rate on other purchases

• Comes with extra perks and built-in insurances that can be handy for families or frequent shoppers

• Has an annual fee, but it can make sense if your spending is high enough in the right categories

3. PC Financial World Elite Mastercard

Strong if you’re deep in the Loblaw / No Frills / Real Canadian Superstore / Shoppers Drug Mart ecosystem:

• Earns PC Optimum points, with higher earn rates at Loblaw banners and Shoppers Drug Mart

• No annual fee

• Points can be used on groceries and pharmacy purchases

How to Choose the Best Everyday Card for You

Ask yourself:

• Do I ever carry a balance?

  • If yes → a rewards heavy credit card can get expensive; something like KOHO Everything is safer.

  • If no (you always pay in full) → a rewards credit card can work.

• Do I travel or shop in other currencies?

  • KOHO Everything’s no FX fees can save you a lot on small, frequent international purchases.

• Do I want points or simple cash back?

  • KOHO Everything gives cash back and high interest on your own money.

  • Cards like Tangerine, CIBC Dividend, and PC World Elite focus on cash back or points, but you must manage a credit line.