The 5 Best Credit Cards Of 2022 (Jan 2022)

November 30, 2021
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There are quite a few good credit cards out there, but some stand out above the rest for their impressive welcome bonuses and excellent rewards. 

We recommend the American Express Cobalt Card as the #1 credit card of 2022 due to its low monthly fee and great earn rates. If you’re looking for a more premium card, go with our #2 pick—the American Express Platinum Card—which offers a welcome bonus of up to 100,000 points, a $200 annual travel credit, and worldwide airport lounge access.

What Are The Best Credit Cards Of 2022?

#1 American Express Cobalt Card

The American Express Cobalt Card has generated a lot of buzz since its fall 2017 debut, and for good reason. $12.99 per month for a card that gives you 5X points on food and beverage purchases and 2X points on travel transactions anywhere across the world is an outstanding offer.

Of course, as is typical with American Express through its other incentives—such as the Platinum Card and the Business Platinum Card—there’s much more to the Cobalt than meets the eye.

The American Express Cobalt Card is targeted toward millennials and near-millennials, so if you fall into one of these categories, we suggest that you consider it. With a 50,000 MR point welcome bonus, a 5X earn rate on eligible eats & drinks (including spending on groceries, food delivery, restaurants), it’s a great value.

#2 American Express Platinum Card

The redesigned American Express Platinum Card now has an enticing new October offer with worldwide airport lounge access, a $200 yearly travel credit, platinum hotel memberships, travel medical insurance, a sleek metal card, and a welcome bonus of up to 100,000 MR points.

There are four special benefits to mention about the American Express Platinum Card:

#1: Platinum Lounge Benefit (Priority Pass)

In addition to the 100,000 Membership Rewards points you can earn with your Amex Platinum Card (80,000 if you spend $6,000 in the first 6 months and 20,000 more when you make a purchase between months 14-17 of Cardmembership), you’ll also get a Priority Pass Prestige membership, which is worth $429 USD per year.

#2: $200 Annual Travel Credit

This is what it sounds like: you get $200 every year to spend on travel. In the last three years, I used my $200 travel credit on a flight to Asia, South America, and Europe.

#3: Hotel Elite Statuses

Amex Platinum also improves your hotel status with a few chains. This means you’ll enjoy special perks like early check-in and late check-out, complimentary breakfasts, and so on.

#4: American Express Front Of The Line

Front of the Line is a program that gives American Express Cardmembers early access to tickets and reserved seating at concerts, musicals, sports events, and much more. The Front of the Line name says it all: you get access to tickets to the biggest shows (think Justin Bieber and Beyoncé) before anybody else.

#3 American Express Marriott Bonvoy Card

The Marriott Bonvoy™ American Express Card is the finest travel credit card. It comes with a fantastic 70,000-point welcome bonus (needed spend of $1,500), an additional free hotel night each year after the first year, and comprehensive travel insurance.

Even for modest travelers, the Marriott Bonvoy Card has an affordable annual fee of $120 and pays for itself many times over. Even if you intend to stay in a hotel just once a year, the Marriott Bonvoy Card delivers outstanding value every year.

The 70,000-point welcome bonus is impressive. On top of that, the Marriott Bonvoy program is one of the most adaptable travel rewards systems available, right up there with American Express’s own Membership Rewards system.

The card, on the other hand, is not just for hotels—it also has numerous advantages for travelers. Whether you’re using your points to book a flight or getting covered by the card’s travel insurance, there’s a lot to appreciate about the Marriott Bonvoy Card.

#4 American Express Gold Rewards Card

The American Express Gold Rewards Card is once again available in Canada, with a sign-up bonus of up to 60,000 MR points, four annual visits to the Plaza Premium Lounge, and trip cancellation insurance.

The American Express Gold Rewards Card’s annual fee has climbed from $150 to $250 as part of this makeover.

The Gold Rewards Card justifies its $100 annual fee hike with a new feature: a $100 annual travel credit, similar to the Platinum Card’s $200 yearly travel credit.

The new Gold Rewards Card will be a metal card with the same iconic hue as previous versions. If their present card’s expiration date passes or if they lose their current card, existing cardholders will get a new metal card.

When the Gold Rewards Card reopens, new users will have the option of choosing a new Rose Gold color as well as the standard Gold finish.

#5 American Express Black Card

If you’re looking for the ultimate signal of wealth and prestige, you’ll want to get yourself an Amex Black Card. It comes with everything the Platinum Card has and then some, plus additional benefits and bonuses that aren’t publicly known.

However, you can’t just apply for the Black Card on your own: you need to be invited to it by American Express. Rumor has it that you need a minimum annual income of $1,000,000 to be invited, plus a minimum annual spend on your Amex of $250,000.

On top of that, the Black Card carries a $5,000 annual fee, so it’s not to be taken lightly.

There are quite a few good credit cards in Canada, but some stand out above the rest for their impressive welcome bonuses and excellent rewards. 

We recommend the American Express Cobalt Card as the #1 credit card in Canada due to its low monthly fee and great earn rates. If you’re looking for a more premium card, go with our #2 pick—the American Express Platinum Card—which offers a welcome bonus of up to 100,000 points, a $200 annual travel credit, and worldwide airport lounge access.

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