Metal credit cards are synonymous with luxurious living, impressive VIP perks, and high annual fees.
They are sort of a status symbol in the world of credit cards and a departure from the ‘cheap’ feel you get with a regular plastic credit card.
While the make and weight of a card is one thing, its rewards, fees, and benefits are another.
In this post, I cover the best metal credit cards in Canada from American Express, CIBC, TD, and BMO.
Best Metal Credit Cards in Canada
The top ones are as follows:
- Amex metal credit cards: The Platinum Card from Amex, Amex Aeroplan Reserve Card, and Amex Gold Rewards Card.
- CIBC metal credit card: CIBC Aventura Visa Infinite Privilege Card.
- TD metal credit card: TD Aeroplan Visa Infinite Privilege Card
- BMO metal credit card: BMO eclipse Visa Infinite Privilege Card.
|Metal Credit Card||Welcome Offer||Annual Fee||Income Requirement||Apply|
|The Platinum Card from Amex||100,000 points||$799||None||Apply|
|American Express Aeroplan Reserve||90,000 points||$599||None||Apply|
|American Express Gold Rewards||60,000 points||$250||None||Apply|
|BMO eclipse Visa Infinite Privilege||Up to 90,000 points||$499||$150,000 personal||Apply|
|TD Aeroplan Visa Infinite Privilege||Up to 80,000 points||$599||$150,000 personal||–|
|CIBC Aventura Visa Infinite Privilege||Up to 80,000 points||$499||$150,000 personal||–|
1. The Platinum Card From American Express
The Platinum Card is the top choice for a metal credit card in Canada. If you don’t qualify for the prestigious and secretive black credit card, aka American Express Centurion Card, the Platinum Card offers a solid compromise.
For a $799 annual fee, you enjoy exclusive benefits and perks that are frankly hard to match by any other card on this list. Plus, this usually includes a welcome bonus easily worth $500 to $1,500.
Rewards: Earn 2 points per $1 spent on dining and food delivery, 2 points per $1 spent on travel, and 1 point per dollar on all other purchases.
Cardholders get access to comprehensive travel insurance coverage, an annual $200 travel credit and $200 dining credit, up to $100 in statement credit when you renew your NEXUS Card, VIP perks at Toronto Pearson International Airport, Hotel Status benefits, and more.
Since this is a charge card, there are no pre-set limits.
Metal Card: This stainless steel metal card weighs around 18gms.
Eligibility: You can apply for this card with a 700+ credit score. There is no minimum income requirement.
This Amex Platinum Card review offers more details.
The American Express Platinum Card
Rewards: Earn 2 pts per $1 spent on dining & food delivery; 2pts per $1 spent on travel; 1pt/$1 everywhere else.
Welcome offer: Get up to 100,000 bonus points in the first year.
Interest rates: N/A. Check card details for penalty APRs.
Annual fee: $799
2. American Express Aeroplan Reserve Card
Next on the list of the top custom credit cards in Canada is the American Express Aeroplan Reserve Card. This Amex metal credit card is also great for earning Aeroplan points.
It offers 3 Aeroplan per $1 spent on Air Canada purchases, 2 points per $1 spent on dining and food delivery, and 1.25 points per dollar spent elsewhere.
While you will pay a $599 annual fee to keep this card in your wallet, its premium perks are worth it.
Cardholders enjoy a hefty welcome bonus, comprehensive travel insurance coverage, access to Air Canada Maple Leaf Lounges in North America, free first checked bags, an annual companion pass when they spend $25,000 annually, and more.
Metal card: This card is made from precision cut and engraved 13g metal.
Eligibility: You can apply for this card with a 660+ credit score. It does not have a minimum income requirement. Learn more in this review.
American Express Aeroplan Reserve Card
Rewards: Earn 3x Aeroplan pts on Air Canada purchases; 2x pts dining & food delivery; 1.25x pts everywhere else.
Welcome offer: Get up to 90,000 bonus points in the first year.
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $599
3. American Express Gold Rewards Card
You can get this Amex metal credit card in two colours: Gold and Rose Gold.
The American Express Gold Rewards Card has a $250 annual fee. It offers a significant sign-up bonus and you earn 2 points per $1 spent on travel, gas, grocery, and drugstore purchases; and 1 point per $1 spent on everything else.
Cardholders enjoy access to a comprehensive suite of travel insurance coverages, Priority Pass membership, 4 complimentary visits to Plaza Premium Lounges each year, $50 NEXUX Card rebate, $100 annual travel credit, and more.
Meta card: This card is made with 13g stainless steel.
Eligibility: You can apply with a 660+ credit score. There is no minimum income requirement.
Learn more about the card in this review.
American Express Gold Rewards Card
Rewards: Earn 2x the points on travel, gas, drugstore, and grocery purchases; 1x point everywhere else.
Welcome offer: Get up to 60,000 bonus points in the first year.
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $250
4. BMO eclipse Visa Infinite Privilege Card
Another option is the BMO metal credit card. The BMO eclipse Visa Infinite Privilege Card has a $499 annual fee.
It offers 5 BMO Rewards points per $1 spent on groceries, restaurants, drugstore, gas, and travel purchases. On all other purchases, you earn 1 point per $1 spent.
Cardholders get a $200 annual travel credit, Priority Pass membership with 6 free annual airport lounge visits, and access to several Visa Infinite perks.
Meta card: This card weighs in at about 17g.
Eligibility: A minimum annual personal income of $150,000 (or $200,000 for a household) is required to qualify.
5. TD Aeroplan Visa Infinite Privilege Card
TD is not left out when it comes to metal credit cards.
The TD Aeroplan Visa Infinite Privilege Card has a $599 annual fee and earns 2 Aeroplan points per $1 spent at Air Canada, 1.5 points per $1 spent on gas, groceries, travel, and dining; and 1.25 points per $1 spent everywhere else.
Cardholders enjoy a comprehensive package of travel insurance, access to Maple Leaf Lounges in North America, and Priority Pass Membership with 6 lounge visits each year.
You also get an annual companion voucher if you spend up to $25,000 per year, a NEXUS application fee rebate every 4 years, and more.
Metal card: This TD metal credit card weighs in at about 17g.
Eligibility: You need a minimum personal annual income of $150,000 to qualify or $200,000 for household income.
6. CIBC Aventura Visa Infinite Privilege Card
With a $499 annual fee, this card offers 3 points for every $1 spent on travel purchased through the CIBC Rewards Centre.
Cardholders earn 2 Aventura points per $1 spent on restaurants, entertainment, gas, and groceries; and 1.25 points per $1 spent on everything else.
It includes comprehensive travel insurance, Priority Pass membership with 6 complimentary airport lounge visits each year, a $200 annual travel credit, and more.
Metal card: This metal card weighs in at about 18g.
Eligibility: You will need a $150,000 minimum personal annual income to qualify or $200,000 for a household.
What is a Metal Credit Card?
Metal credit cards are made of metal or a combination of metal and other materials. They stand apart from regular credit cards, which are made of plastic.
Other than the material they are made from, metal credit cards function the same as their plastic counterparts.
Typically, you can expect a metal credit card to have a higher-than-average annual fee and to offer premium perks.
Metal credit cards are designed to look cool and luxurious, and they can be a great addition to your wallet.
Metal Credit Card vs. Black Credit Card
A “black credit card” generally refers to the exclusive Centurion Card from American Express. This card was first introduced in 1999 and it is available by invitation only.
While the specs of the card are a well-hidden secret, rumour has it that cardholders pay an initiation fee, and the annual card fee is $2,500 in Canada.
Also, to get an invitation for an Amex Black Card, you may need to spend around $500,000 per year on an American Express Platinum Card.
To put it simply, a black card is the most premium of metal credit cards.
Benefits of Metal Credit Cards
- Premium Appearance: Metal credit cards have a premium look and feel that sets them apart from traditional plastic cards.
- Durability: Metal cards are generally more durable than their plastic counterparts.
- High Credit Limits: Many metal cards come with higher credit limits compared to standard credit cards.
- VIP Benefits: Metal cardholders often enjoy exclusive perks like access to airport lounges, concierge services, travel insurance, and more.
- Reward Programs: These cards often come with competitive rewards points or cash-back programs, especially on travel and dining expenses.
- Status Symbol: Carrying a metal card can be seen as a status symbol due to its association with high income and excellent credit.
- Customer Service: Card issuers often provide superior customer service to their metal cardholders, including personalized assistance and 24/7 support.
Disadvantages of Metal Credit Cards
- High Annual Fees: Metal credit cards often come with high annual fees compared to regular plastic ones.
- Excellent Credit Required: These cards typically require a high credit score and income level for approval.
- High Interest Rates: Some metal credit cards come with high APRs if you don’t pay off your balance in full, such as charge cards.
- Over-Spending: The high credit limits of metal cards could potentially lead to over-spending.
- Difficult to Dispose: Disposing of a metal card can be more challenging than a plastic card due to its material.
Metal Credit Card FAQs
To apply for a metal credit card, simply visit the website of the financial institutions listed above to apply.
American Express, BMO, TD, and CIBC all offer metal credit cards in Canada.
No. The Wealthsimple Cash Card and KOHO Mastercard offered a limited-edition metal prepaid card that is no longer available.
It does not appear that there are any metal debit cards in Canada.
Unlike plastic credit cards, metal cards can be harder to destroy. You can cut a metal credit card using metal snips or return it by mail to the card issuer for secure disposal.
The heaviest metal credit cards include the JP Morgan Reserve Card, Amex Platinum Card, CIBC Aventura Visa Infinite Privilege Card, and Mastercard Black Card.