5 best Easy Pass Credit Cards in Canada
Navigating the ever-changing Canadian financial landscape can be daunting when searching for the ideal credit card. However, if you’re seeking expediency, simplicity, and user-friendliness, you’re in the right place. Canadian “Easy Pass” credit cards are designed to streamline your financial transactions, making everyday spending and financial management a cinch.These cards are tailored to individuals who value straight forward rewards, minimal fees, and a hassle-free experience.
In this article, we will explore the top five Easy Pass credit cards available in Canada, each offering a simplified and uncomplicated approach to credit card usage. Whether you’re a budget-conscious consumer or someone who prefers a fuss-free credit card, we’ve compiled a list that caters to your needs. Let’s embark on a journey of effortless financial management and discover the best Easy Pass credit cards in Canada.
Benefits to using an EasyPass credit card to pay for tolls
Convenience
EasyPass is simply the most convenient way to pay tolls. You can drive through toll lanes without having to slow down or stop, which can save you a lot of time and hassle, especially if you commute on a toll road or travel frequently.
Disccounts
Many toll authorities offer discounts to EasyPass users. These discounts can vary depending on the toll authority and the type of EasyPass account you have, but they can be significant. For example, the Port Authority of New York and New Jersey offers a 5% discount on tolls to all EasyPass users.
Rewards
Some EasyPass credit cards offer rewards programs that allow you to earn points or miles for every dollar you spend on tolls. These rewards can be redeemed for travel, merchandise, or other benefits. For example, the E-ZPass Rewards Credit Card from Capital One offers 2 points per dollar spent on tolls.
Overall, there are many benefits to using an EasyPass credit card to pay for tolls. EasyPass is convenient, offers discounts, and can even earn you rewards. If you travel frequently on toll roads, an EasyPass credit card is a great option to consider.
Top 5 EasyPass Credit Cards in Canada
1. Scotiabank Gold American Express Card
Annual Fee: $120
Interest rates: 20.99% on purchases and 22.99% on cash advances
Rewards:
- 6x Scene+ points on every $1 CAD spent at Sobeys, Safeway, FreshCo, Foodland and more.
- 5x Scene+ points on every $1 CAD spent in Canada on dining, food delivery and other eligible grocery stores
- 5x Scene+ points on every 1 CAD spent in Canada eligible entertainment purchases. Includes movies, theatre, and ticket agencies
Other Benefits:
- Concierge Services, 24 hours per 7 days a week.
- Access over 1200 Airport VIP lounges
- Good minimum of credit limit
- Insurance coverage
2. Tangerine Money-Back Credit Card
Annual Fee: $0
Interest rates: 19.95% on purchases and cash advances.
For the first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months
Rewards:
- 2% cash back on 2 categories of your choice (gas, groceries, transit, travel, restaurants, entertainment, home improvement, etc)
- 0,50 Money-Back Rewards on all other everyday purchases
Overall, the Tangerine Money-Back Credit Card is a good option for consumers who want to save money on everyday expenses and have the flexibility to choose their own rewards categories. The card also has no annual fee and offers a welcome bonus, making it a good choice for value-conscious consumers.
If you are considering the Tangerine Money-Back Credit Card, be sure to compare it to other credit cards on the market to make sure it is the best fit for your needs.
3. Rogers Platinum Mastercard
Annual fee: $0
10% of cash back for the first 3 months up to $100
2% of cash back on all eligible purchases if you have 1 qualifying service with Rogers, Fido or Shaw
2% in unlimited cash back on U.S dollar purchases and 1% unlimited cash back on all other eligible purchases
Interest rate: 19.99% on purchases and 22.99% on cash advances
Other benefits:
- Zero liability
- Transaction monitoring and alerts
- Balance protection
4. BMO AIR Miles Mastercard
Annual Fee: $0
Interest rates: 20.99% on purchases and 22.99% on cash advances (21.99% for Quebec residents)
Earn 800 AIR MILES Bonus Miles on $80 purchases with AIR MILES Cash and a 0,99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee
Rewards:
- 3x miles for every $25 spent at participating AIR MILES Partners
- 2x miles for every $25 spent at any eligible grocery store
- BMO & Shell Go+ Double the Miles Offer
5. RBC ION Visa
Annual fee: $0
Additional cards fee: $0
Interest rates: 20.99% on purchases and 22.99% on cash advance rates.
Welcome bonus: Earn 3,500 Avion points upon approval, that’s a value of $25 in gift cards
Introductory 0.99% interest rate for the first 10 months on balance transfers and cash advances
Rewards:
- 1,5x Avion points for every $1 spent on groceries, rides, gas, streaming, subscriptions, digital gaming and more
- 1 Avion point for every $1 spent on all other qualifying purchases
Other benefits:
- Purchase security and extended warranty insurance
- Save 3¢/L on fuel and earn 20% more points when you pay with a RBC card
- Mobile app
How to choose the best Easy Pass card for you?
When choosing an Easy Pass credit card, there are a few key factors to consider:
Welcome bonus
Many Easy Pass credit cards offer welcome bonuses, which can be a great way to save money on tolls or other expenses. Consider how much you spend on tolls each month and choose a card with a welcome bonus that is worth at least as much as your monthly toll expenses.
Rewards program
Easy Pass credit cards offer a variety of rewards programs, such as cash back, travel points, and airline miles. Choose a rewards program that aligns with your spending habits and financial goals. For example, if you drive a lot, you may want to choose a card that offers rewards on gas and tolls.
Interest rate
If you carry a balance on your credit card, it is important to choose a card with a low interest rate. This will help you minimize your interest payments.
Annual fee
Some Easy Pass credit cards have annual fees. Choose a card with no annual fee or an annual fee that is offset by the value of the rewards you will earn.
Foreign Exchange fees
If you travel frequently, you may want to choose an Easy Pass credit card that does not charge foreign exchange fees.
Customer service
Choose an Easy Pass credit card with a good reputation for customer service.
Tips for using Easy Pass credit cards responsibly
Pay your bill in full and on time each month. This will help you avoid interest charges and late fees. Only use your Easy Pass credit card for toll payments. Avoid using it for other purchases, such as gas or groceries. This will help you stay on budget and avoid overspending. Monitor your account regularly. Check your statement each month to make sure that all of the charges are accurate. Report any lost or stolen cards immediately. You can report a lost or stolen Easy Pass card to your credit card company.
A list of common mistakes to avoid when using Easy Pass credit cards
Here is a list of common mistakes to avoid when using Easy Pass credit cards:
- Not paying your bill in full and on time. This can result in interest charges and late fees.
- Using your Easy Pass credit card for other purchases besides tolls. This can lead to overspending and make it difficult to stay on budget.
- Not monitoring your bank account regularly. This can lead to inaccurate charges and unauthorized transactions.
- Not reporting a lost or stolen card immediately. This could allow someone else to use your card without your permission.
- Not being aware of the Easy Pass discount structure. This could prevent you from getting the best possible discounts on administrative fees.
By avoiding these common mistakes, you can ensure that you are using your Easy Pass credit card safely and responsibly.
In conclusion, the search for the five best Easy Pass cards in Canada has revealed a variety of options that make travel and commuting easier and more affordable. These cards offer convenience, cost savings, and a seamless experience for both residents and visitors. Whether you need a nationwide pass with comprehensive coverage, a local option with regional flexibility, or a specialty card with tailored features, there is an Easy Pass card to suit your travel needs.
When choosing the right Easy Pass card in Canada, it is important to consider factors such as your travel frequency, routes, and personal preferences. With these top picks, Canadians can embark on their journeys with confidence, knowing that they have chosen a card that streamlines their travel experience and saves them time and money.