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If you are a frequent traveler, having a travel rewards credit card can be a great way to earn points or miles that can be redeemed for free flights, hotel stays, or other travel-related rewards. But with so many options available, it can be overwhelming to choose the best Canadian credit card for travel rewards. In this article, we will review some of the top travel rewards credit cards available in Canada based on their rewards program, sign-up bonus, annual fees and other benefits.
1. American Express Cobalt Card
The American Express Cobalt Card is one of the best travel rewards credit cards in Canada because it offers a high earn rate of 5 points per dollar spent on dining and groceries and 2 points per dollar spent on travel and transit. The card also has no annual fee for the first year and a sign-up bonus of up to 30,000 points after you spend $500 in the first three months. The points can be redeemed for travel expenses, merchandise, gift cards and more.
2. TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card is a popular travel rewards credit card in Canada that offers a high earn rate of 1.5 miles per dollar spent on gas, groceries, drugstores, and Air Canada purchases and 1 mile per dollar spent on all other eligible purchases. The card has an annual fee of $139, but offers a sign-up bonus of up to 20,000 miles and a range of travel benefits including complimentary first checked bag, priority check-in, and airport lounge access.
3. Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card is another top travel rewards credit card in Canada that allows you to earn 5 points per dollar spent on gas, groceries, dining, and entertainment and 3 points per dollar spent on eligible streaming services, transit, and taxis. The card has an annual fee of $120, but offers a sign-up bonus of up to 25,000 points and various travel benefits such as travel insurance, airport lounge access, and concierge service.
4. BMO World Elite Mastercard
The BMO World Elite Mastercard is a premium travel rewards credit card in Canada that offers a high earn rate of 3 points per dollar spent on travel, dining, and entertainment and 2 points per dollar spent on all other eligible purchases. The card has an annual fee of $150, but offers a sign-up bonus of up to 40,000 points and a range of travel benefits including travel insurance, priority pass membership, and concierge service.
5. CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite Card is another travel rewards credit card in Canada that allows you to earn 1.5 points per dollar spent on gas, groceries, drugstores and travel purchases and 1 point per dollar spent on all other eligible purchases. The card has an annual fee of $139, but offers a sign-up bonus of up to 20,000 points and various travel benefits such as travel insurance, airport lounge access and concierge service.
FAQ
| Which is the best Canadian credit card for travel rewards? | The best Canadian credit card for travel rewards depends on your spending habits and travel goals. Some of the top options include the American Express Cobalt Card, TD Aeroplan Visa Infinite Card, Scotiabank Gold American Express Card, BMO World Elite Mastercard, and CIBC Aventura Visa Infinite Card. |
| What are travel rewards credit cards? | Travel rewards credit cards are credit cards that allow you to earn points, miles or cash back rewards that can be redeemed for travel-related expenses such as flights, hotels, rental cars, and more. |
| How do you earn points or miles with travel rewards credit cards? | You can earn points or miles with travel rewards credit cards by using the card to make eligible purchases. Each card has a different earn rate and some cards may offer bonus points or miles for certain categories of spending. |
| What are the benefits of travel rewards credit cards? | The benefits of travel rewards credit cards include earning points or miles that can be redeemed for travel-related expenses, sign-up bonuses, travel insurance, airport lounge access, and other travel perks. |
| Do travel rewards credit cards have annual fees? | Many travel rewards credit cards have annual fees, but some cards may waive the fee for the first year or offer other incentives to offset the cost. |