The 7 Best Metal Credit Card Canada You Must Have

Metal credit card Canada is a blend of sophistication and functionality that gives the bearer a sense of privilege in Canada because it isn’t open for all – you have to qualify for it by meeting specific qualifications and standards.

There are a lot of metal credit cards, but in this post, we will focus on the following outline.

• What is a metal credit card?
• Eligibility for metal credit card Canada
• How to get a metal credit card in Canada?
• Who offers metal credit cards in Canada?
• Examples of the best metal credit cards in Canada
• How to dispose of metal credit card Canada

What is a Metal Credit Card?

A metal credit card is a type of credit card that is made of stainless steel or titanium, unlike plastic credit cards, they are harder to destroy. Like traditional credit cards, the metal credit card charges interest on unpaid balances, has credit limits, and offers rewards points and insurance coverage.

The significant difference between metal and traditional credit cards is the glamorous weighted exterior that makes the former appear more sophisticated.

Eligibility for Metal Credit Cards Canada

You must fulfill the following eligibility criteria to qualify for a metal credit card in Canada. 

• A Canadian legal resident with good credit history.
• You must reach the age of majority in your province or territory.
• Your credit score must be at least 660.
• Your annual income must be around $150,000 as an individual or $200,000 as a household (this differs from one metal card insurer to another)

How to Get a Metal Credit Card Canada

There is no specific way to get a metal credit card in Canada. The application process differs from one insurer or provider to another.

Below are the general steps to follow to obtain your metal credit card.

Step 1: Explore Different Card Options

The first step in getting your metal credit card is to explore different card options by comparing card fees, features, rewards and interest rates.

Step 2: Check the Eligibility Criteria

The eligibility criteria required by different insurer or provider differs. So after selecting your preferred choice, the next thing to do is check for the eligibility criteria and whether your credit score qualifies.

Step 3: Complete Your Application Process

Complete your application online or in person if you meet qualify by the insurer’s standards. After completing your application wait for approval, after which you be issued your card upon approval.

Who Offers Metal Credit Cards In Canada?

You can get a metal credit card from a financial institution or a third-party provider in Canada.

Getting a metal credit card from a well-established and recognized financial institution is safer and less risky than sourcing one from a third-party provider.

However, each of their different requirements you must fulfill.

Examples of well-established financial institutions that offer metal credit cards in Canada include the following:

• HSBC
• TD Bank
• American Express
• Bank of Montreal (BMO)
• Canadian Imperial Bank of Commerce (CIBC)

7 Examples of The Best Metal Credit Card Canada

Here are some of the best metal credit cards in Canada that are available through a simple application. Some of the other metal credit cards in Canada may require an invitation or a special client status, which will not be included in today’s post.

1. American Express® Aeroplan® Reserve Card

• You can earn up to three times the points on Air Canada purchases and up to two times the points on other eligible purchases. The minimum points per $1 spent is 1.25x.
• This product is made of metal that has been precisely cut and engraved, and it weighs 13 grams.
• Maple Leaf Lounge access
• Up to eight travellers can each have one free checked bag.
• Priority Airport Services, which includes expedited security lanes,
• Travel and shopping insurance covers a wide range of events.
• Gain early access to tickets by purchasing during the presale or through reservations.
• $599 per annum
• 19.99% interest on purchases and 21.99% on cash advances
• You can get an Aeroplan Reserve Card for an additional fee of $199 per year. However, there is also a no-fee option available.

American Express Aeroplan Reserve Card A metal credit card in Canada is a good choice for people who travel often. It can give you insurance, rewards, and special benefits when flying with Air Canada. You will earn points quickly too.

As a frequent traveller, you can enjoy several benefits such as free Priority Boarding, a complimentary checked bag, access to Maple Leaf Lounge, Priority Airport Check-In, and the ability to travel with up to eight companions.

One great feature of the American Express Reserve Card is the ability to attend exclusive events such as VIP parties, early access to movie screenings, and unique dining experiences.

If you get a new card, you can earn up to $2,600 in the first year. You can also get bonus points worth up to $1,700. Every four years, you could get up to $100 CAD as a credit on your statement when you pay the renewal fee or when you use it for a NEXUS application…

Setback:

• Charges a high annual fee of $599
• Your high earning rate is limited to Air Canada travel purchases, so it isn’t a good option if you prefer another airline.

2. The Platinum Card® from American Express

American Express Platinum card is another favourite recommendation, here are the key features below

• You can spend as much money as you want and then pay it back later.
• Cut exactly and decorated with special words or pictures.
• You can get $200 back each year for travel expenses.
• You can get up to three times as many points for every dollar you spend.
• Extensive travel and shopping insurance is a type of coverage that pays for things you buy on your trips or when you shop.
• and lounge perks are special benefits and advantages that you get when you go to events or visit a lounge.
• A comprehensive travel insurance
• If you have a Platinum card, it costs $175 every year. If you have a Gold card, it costs $50 every year.
• 24/7 Platinum Concierge access means you can get help anytime, day or night.
• This costs $699 every year.
• You don’t need to have a certain amount of money to qualify.

The Platinum card from American Express The Canada credit card is a great choice. It has awesome benefits and rewards, an introductory offer, and you can earn points fast.

Premium perks can give you access to airport lounges, special reservations and tips, personalized service, and even special restaurants. There are lots of great things you can get!

If you are a new Platinum® Cardmember, you can earn 80,000 points after buying $7,500 worth of things with your card within the first 3 months. You will get 3 points for every $1 spent on food delivery and dining in Canada, 2 points for every $1 on travel purchases, and 1 point for every $1 spent on other things.

You can get a $200 travel credit each year with your platinum card. You can use it to book a trip that costs at least $200 by going to www.americanexpress.ca/travel.

Setbacks

• There is no medical coverage for individuals over the age of 65 years
• If you aren’t a frequent traveller, you might be unable to offset a $699 annual fee.

3. American Express® Gold Rewards Card

• This product is made with 13 grams of stainless steel metal. You can get it in gold or rose gold colors.
• You can get double the points when you buy things like gas, groceries, and drugs in Canada. You can also get double the points when you travel.
• You can get $100 each year that you can use for travelling.
• Global airport lounge access is a perk that allows you to go into certain lounges at airports around the world.
• Insurance covers a lot of travel and buying things.
• Presale tickets are special tickets you can buy before the show that lets you get in earlier. Reserved tickets are special seats that will be saved for you at the show.
• You get an extra gold rewards card for free.
• You will have to pay $250 every year.
• No need to prove how much money you have.
• If you buy something, you will pay 20.99% interest. If you get cash, you will pay 21.99% interest.

The American Express Gold Rewards Card is the best metal credit card in Canada if you want comfort and flexibility, it’s a premium credit card. It gives you lots of nice things like upgrades when travelling, access to airport lounges and credits for hotel spa treatments and meals.

The American Express Gold Rewards Card can be used for various purchases, including other rewards programs. Additionally, its rose gold design is visually appealing and enhances its overall elegance.

The welcome bonus is $600 from 60,000 points on eligible travel purchases. You can use it for travel, shopping, and other things. Also, if you have a Gold Rewards Card, you get free access to Priority PassTM which gives you access to airport lounges.

You can get free visits to Plaza Premium Lounges in Canada every year. You get 4 visits.

When you use your card for eligible purchases like travel, groceries, and gas, you’ll earn 2 points for every $1 spent. For all other qualifying purchases, you’ll get 1 point for every $1 spent as a cardholder.

Setbacks

• Emergency medical insurance does not cover travellers aged 65 or older.
• Travelling frequently lets you quickly burn the four complimentary visits to Plaza Premium Lounges.

4. TD® Aeroplan® Visa Infinite Privilege Card

• You can get up to two Aeroplan points for every dollar you spend.
• You can get up to $100 back when you apply for a NEXUS card.
• Priority boarding means you get to board the plane first. Baggage handling means your bags are taken care of for you. Airport upgrades mean nicer things at the airport like better food or faster service.
• You can go into special areas called Maple Leaf and Dragonpass lounges.
• Starbucks has a program where you can earn points for free stuff. Uber also gives its members special discounts.
• Extensive travel insurance is when you have a lot of coverage for things like medical bills, lost luggage, or flight cancellations while travelling.
• Insurance for your mobile device costs $1500.
• Rocky Mountaineer, Avis Rent-A-Car and Budget Rent-A-Car have special deals where you can save money.
• It costs $199 for each extra person to have a card.
• You need to pay $599 every year.
• If you buy something with a credit card, the interest rate is 19.99%. If you take out cash with your card, the interest rate is 22.99%.
• You need a minimum income requirement of $150,000 a year or earn $200,000 a year between you and your family to get these exclusive benefits

If you want a credit card that gives you rewards and travel insurance, the TD® Aeroplan® Visa Infinite Privilege Card is a good choice.

This card has a lot of advantages. One big advantage is that it gives you free access to six airport lounges each year. You can also get special services at the airport like help with your bags, getting on the plane faster, and upgrades..

If you have the TD® Aeroplan® Visa Infinite Privilege Card, you can get seven special benefits when you make a booking through the Visa Infinite Luxury Hotel Collection. This collection has more than 900 hotels across the world!

This card gives you up to $5 million in travel medical insurance for the first 31 days. For spouses over 65, you only get coverage for the first 4 days of your trip.

• Additionally, the card offers the following:
• Trip cancellation and interruption insurance,
• Flight and trip delay insurance
• Delayed and lost bagged insurance
• Carrier Travel Accident Insurance

Setbacks

• This card offer is not accessible to residents of Quebec.
• The annual fee is high.

5. American Express® Aeroplan®* Business Reserve Card

• Annual fee: $599
• Welcome bonus: up to 85,000 points
• Interest rates: 16.99% to 21.99%

Although the annual fee is high, American Express Aeroplan  Business Reserve Card is a trusted metal credit card in Canada. It offers conveniences and comfort, including extensive travel benefits, strong earning rates, and low-interest charges.

The American Express® Aeroplan®* Business Reserve Card gives you bonus points in the first six months. You can earn extra points when you rent cars, book hotels, and buy travel items like plane tickets. The card also includes special benefits like priority upgrades and airport lounge access to make your trips smoother.

The American Express® Aeroplan®* Business Reserve Card lets you go into over 1,200 Priority Pass™ airport lounges all over the world. You can also get access to Air Canada Maple Leaf Lounges™ and Air Canada Café™.

A business reserve card helps you take control of your business. It gives you access to tools that can help you manage your business from anywhere at any time.

Setback

• The annual fee is high
• The purchase increases to 23.99% if you skip or miss a payment
• Not all businesses are eligible to earn the Annual Worldwide Companion Pass

6. Business Platinum Card from American Express

•  Annual fee: $499
• Welcome bonus: 90,000 points
• Interest rates: vary

The Business Platinum Card from American Express Small businesses and card members can get a big welcome bonus and special travel benefits with this card. You can also use your rewards to get your money back.

As a card member, you can manage your money easily. You get 55 days without interest, no limit on how much you spend and you can choose how to pay.

The Business Platinum Card from American Express gives you special rewards and insurance when you travel for your business.

The Business Platinum Card from American Express is different than other credit cards. It gives you bonus points for referring people. You can get up to 225,000 points in one year!

You can use your points to get things like food, gift cards, items for your house, tickets for shows or movies, and even trips away.

When you are a card member, you can go to 1300 airport lounges around the world. These include the Plaza Premium Lounges and the Centurion® Lounge network. This makes your trip more enjoyable.

When you book a trip on an international airline, you can get special prices that are cheaper than normal. Your friends and family can also get these low prices.

Setbacks

• High annual fee 
• Absence of introductory earn rate to maximize rewards efficiently
• All supplier providers and business owners do not accept American Express, which might limit your business functions.

7. BMO Eclipse Visa Infinite Privilege* Card

• You can get up to five times the points for every dollar you spend.
• Every year, you can get $200 to use for trips.
• With Visa Airport Companion, you get to go to the airport lounge for free 6 times each year.
• A Priority Visa airport companion membership gives you special privileges when you travel through the airport. It makes it easier to park your car and get help with your luggage.
• Getting access to special services like someone helping you with tasks or requests.
• Hotel and golfing benefits are special perks you can get from certain places. They may include discounts on hotels or free rounds of golf.
• Insurance you can buy to protect your trips, phones, and shopping.
• If you add someone else to your card, you will get 25% more points.
• If you buy something, the interest rate is 20.99%. If you get money, the interest rate is 23.99%.
• This costs $499 every year.
• You need to make at least $150,000 each year if you are one person, or $200,000 a year if you have a family.

The BMO Eclipse Visa Infinite Privilege Card One of the Canadian Metal Cards is a great card that gives you more rewards when you use it to buy things.

This credit card is great for adults who want to have fun. Every year you get $200 to spend on whatever you want! You will also earn 25% extra points when you purchase things.

With this card, you can earn 5 times the rewards points for groceries, drugstore items, travel, gas and dining. For all other purchases, you will get 1 reward point for every dollar spent. You can also use your card to buy a mobile device up to $1,000.*

Each year, you can visit an airport lounge for free 6 times. This is worth more than $250!

Cons

There is a limit to the accelerated earning rates at $100,000 spending.

How To Dispose of A Metal Card

There have been questions on whether a metal card can be disposed of. Yes, a metal card can be disposed of.

If you do not want to use your metal card, you can quickly destroy it at home or mail it back to your provider or the bank branch where you obtain it. Do not trash it; it can be risky when it falls into the wrong hands.

Frequently Asked Questions

Q1: What are the benefits of the BMO Eclipse Visa Infinite Privilege Card?

This card provides 5 times the points for groceries, drugstore items, travel, gas and dining. It also offers a $200 annual benefit for trips, access to airport lounges 6 times per year and 25% more points when you add someone else to your card.

Q2: Does it cost anything to have a metal credit card in Canada?

Yes, most metal credit cards come with an annual fee. The BMO Eclipse Visa Infinite Privilege Card carries an annual fee of $499.

Q3: Is there a limit on how many reward points can be earned using my Metal credit card?

Yes, the accelerated earning rate on the BMO Eclipse Visa Infinite Privilege Card has a limit of $100,000 per year spending amount.

Q4: How do I dispose of my metal credit card if I don’t want to use it anymore?

You can quickly destroy or mail back your metal credit card to your provider or bank branch where you obtained it from. Avoid trashing it as this can be risky when it falls into the wrong hands.

Q5: Does this card accept American Express?

Yes, this card does accept American Express. This means that your business can easily transact with customers who may prefer to use their AMEX cards for payments.

However, it will come at

Conclusion

Getting a metal card Canada is essential; if you want to access premium benefits that might be expensive, access them directly. Before settling for one, you should compare card rates, fees, terms and conditions.

For a credit card, go for one provided by trusted financial institutions, as they are safer. Getting a credit Canada online from a third-party insurer can be risky.