Traveling can be expensive but with the right credit card, you can turn your everyday purchases into rewards that can be redeemed for travel-related expenses. But with so many credit cards available in Canada, it can be tough to determine which one offers the best rewards for your needs. In this article, we take a closer look at the best credit cards for travel rewards in Canada.
1. TD First Class Travel Visa Infinite Card
The TD First Class Travel Visa Infinite Card is one of the best travel rewards credit cards in Canada. It offers a signup bonus of up to 60,000 TD points and 9 TD points per $1 spent on travel purchases. You can redeem your points for travel purchases, including flights, hotels, and car rentals. Plus, the card offers a range of travel benefits, such as travel insurance, airport lounge access, and priority boarding.
2. American Express Gold Rewards Card
The American Express Gold Rewards Card is another great option for travel rewards in Canada. The card offers a signup bonus of up to 25,000 Membership Rewards points and 2 points per $1 spent on travel purchases. You can redeem your points for flights, hotels, car rentals, and more. The card also provides travel insurance, such as emergency medical coverage and trip interruption insurance.
3. BMO World Elite Mastercard
The BMO World Elite Mastercard offers a signup bonus of up to 35,000 BMO Rewards points and 3 points per $1 spent on travel, dining, and entertainment purchases. You can redeem your points for flights, hotels, car rentals, and more. The card also offers travel insurance, such as emergency medical coverage and trip cancellation insurance.
4. Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card offers a signup bonus of up to 50,000 Scotia Rewards points and 5 points per $1 spent on groceries, dining, and entertainment purchases. You can redeem your points for travel-related expenses, such as flights, hotels, and car rentals. Plus, the card provides travel insurance, such as emergency medical coverage and trip cancellation insurance.
5. CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite Card offers a signup bonus of up to 20,000 Aventura points and 2 points per $1 spent on travel purchases. You can redeem your points for flights, hotels, car rentals, and more. The card also comes with travel insurance, such as emergency medical coverage and trip cancellation insurance.
FAQs
What is a travel rewards credit card? | A travel rewards credit card is a credit card that offers rewards for travel-related expenses, such as flights, hotels, car rentals, and more. You earn rewards by using the card for your everyday purchases which can be redeemed for travel-related expenses. |
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How do I choose the best travel rewards credit card for me? | You should consider your travel habits and the types of rewards you want when choosing a travel rewards credit card. For example, if you frequently fly with a particular airline, you may want to choose a credit card that rewards you for using that airline. You may also want to consider the card’s signup bonus, annual fee, and travel benefits. |
What are some of the travel benefits offered by travel rewards credit cards? | Travel benefits can include travel insurance, such as medical coverage and trip cancellation insurance, airport lounge access, priority boarding, and more. Be sure to check the specific benefits offered by each card before making a decision. |
Are there any downsides to using a travel rewards credit card? | Some travel rewards credit cards may have high annual fees and interest rates. Additionally, some cards may have blackout dates or restrictions on redeeming rewards. Be sure to read the terms and conditions carefully to understand any potential downsides. |