Canadians love gift cards. The Canadian gift card industry is expected to exceed seven billion dollars in 2022. To determine the best credit card for gift cards you need to see how quickly points accumulate with the spending of each card and also how efficiently those points translate into gift card dollars.

The results of running the same 177,147 spending scenarios through WhatBank’s credit card finder that were used to determine the best cash back card in Canada show that the Scotiabank Gold American Express Card is the best card to get if you love gift cards. The average value of the exact same spending scenarios is 14% more than the next best card, the American Express Cobalt Card.

Crunching through those same 177,147 spending scenarios reveals that the TD First Class Travel Visa Infinite card is the best non-AMEX credit card in Canada if you want gift cards. The average value of the exact same spending scenarios is 42% more than the next best card, the BMO eclipse Visa Infinite card.

These choices are based on running thousands of spending scenarios and seeing what card comes out on top most often. However, the best way to know what card is best for your unique spending you need to try WhatBank’s Credit Card Finder.