For those who live, work or study in Canada, using a Visa Card Canada is a highly reliable and secure way to make payments worldwide. Canadian visa cards are accepted across 170 countries. Visa Cards Canada also enable users to have instant cash access at more than 1 million ATMs worldwide.
Visa Card Canada: Main Types & Their Features
Canadian Visa Cards are further divided into four types: Visa Classic, Visa Gold, Visa Platinum, and Visa Infinite. Here are some of their attractive features:-
-Visa Classic Card: A Simple, No-Frills Card
- With the Zero Liability Program, cardholders are not liable to pay any penalty for unauthorized card use or fraudulent transactions.
- Cardholders can report lost or stolen cards at 24/7 customer service by dialing 1-800-847-2113 or 1-410-902-8011.
- Hotel reservations are automatically guaranteed by visa card payments.
Other Canadian Visa Cards have all the features of the Visa Classic Card, along with some additional ones like:-
-Visa Gold Card:
- Minimum credit limit: $ 5,000
- Additional emergency cash advances and card replacement service
- Collision/loss damage insurance in case the car rental payment was made by visa card.
-Visa Platinum Card:
- The Visa Platinum Cards and the Visa Gold Cards share similar features. However, there might be variation as per the policies of their issuing institutions.
-Visa Infinite Card:
Unlike other Canada Visa Cards, the Visa Infinite card does not have a pre-set spending limit. Although, there is a default limit of $20,000, the cardholders can exceed it as per their spending appetite.
Visa Cards Canada: Major Issuers
Here is a list of leading financial institutions and their popular visa cards:-
- Canadian Imperial Bank of Commerce: The CIBC Aerogold VISA Card and CIBC Dividend Card are highly popular among globetrotters and cardholders who are particular about reward programs.
- Home Trust Company: The Home Trust Equityline VISA Card and the Home Trust Secured Visa Card are recommended for those Canadian residents who do not have a strong credit background.
- Laurentian Bank: The Laurentian Bank VISA Black Card and the Laurentian Bank Gold Passport are equipped with the famous RewardMe program.
- Le Mouvement Desjardins: Its Odyssey Gold is an omnipotent travel visa card and its Classic Visa Card is very popular among first time cardholders.
- Royal Bank of Canada: The RBC has a huge collection of travel and lifestyle visa cards like the RBC Starbucks Duetto VISA card and the RBC British Airways VISA Platinum.
- Scotiabank: For small business owners, the Scotibank offers the ScotiaLine for business VISA Card, which is highly known for its flexible payment options.
- TD Canada Trust: The TD Business VISA Card has created waves in the fraternity of business owners and the TD Green VISA Card is popular with students.
In addition, Chase Canada, Citizens Bank and Vancouver City Savings Credit Union also offer a vast range of visa cards.