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If you’re a frequent traveler, it’s essential to have a travel credit card that can help you save money and make your trips more enjoyable. In Canada, there are many great options to choose from, but it can be overwhelming to compare them all. We’ve put together a list of the best Canadian credit cards for travel to help you decide which one is right for you.
American Express Platinum Card
The American Express Platinum Card is one of the best travel credit cards in Canada. It offers a generous welcome bonus, which includes a statement credit and rewards points, as well as perks like airport lounge access, travel insurance, and concierge service. The annual fee is high, but the benefits make it worth it for frequent travelers.
Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card is a great option for travelers who want to earn rewards on all their purchases, not just travel-related expenses. It offers four points per dollar spent on groceries, restaurants, entertainment, and gas, as well as travel insurance and discounts on car rentals. The annual fee is reasonable, and the welcome bonus is also quite attractive.
BMO World Elite Mastercard
The BMO World Elite Mastercard is another travel credit card that offers a great welcome bonus and rewards program. It also includes travel insurance, airport lounge access, and concierge service. Plus, it has no foreign transaction fees, which can save you money when traveling abroad. The annual fee is on the higher side, but the benefits are worth it.
Tangerine World Mastercard
If you’re looking for a travel credit card with no annual fee, the Tangerine World Mastercard is a great option. It offers two percent cashback on up to three categories of your choice, including travel, groceries, and restaurants. Plus, you can use your rewards to pay off your credit card balance or deposit them into a savings account. While it doesn’t offer the same benefits as some of the other cards on this list, it’s a great option for budget-conscious travelers.
Aeroplan Visa Infinite Card
The Aeroplan Visa Infinite Card is a popular choice among frequent flyers. It offers a generous welcome bonus and rewards program that allows you to earn points on all your purchases. It also includes travel insurance, airport lounge access, and concierge service. The annual fee is higher than some other cards, but if you’re committed to earning rewards on your travels, it’s a great option.
Conclusion
Choosing the best Canadian credit card for travel depends on your personal needs and preferences. If you’re a frequent traveler who wants to earn rewards and take advantage of perks like airport lounge access, the American Express Platinum Card, Scotiabank Gold American Express Card, and BMO World Elite Mastercard are great options. If you’re on a budget, the Tangerine World Mastercard is a good choice. And if you’re loyal to a particular airline, the Aeroplan Visa Infinite Card is worth considering. Whatever your travel style, there’s a credit card out there that can help you make the most of your trips.
| Credit Card | Annual Fee | Welcome Bonus | Rewards Program |
|---|---|---|---|
| American Express Platinum Card | $699 | 70,000 points and $200 statement credit | 3 points per dollar on travel and dining |
| Scotiabank Gold American Express Card | $120 | 25,000 points | 4 points per dollar on groceries, restaurants, entertainment, and gas |
| BMO World Elite Mastercard | $150 | 40,000 points | 3 points per dollar on travel, dining, and entertainment |
| Tangerine World Mastercard | $0 | 2% cashback on up to three categories of your choice | 2% cashback on up to three categories of your choice |
| Aeroplan Visa Infinite Card | $139 | 10,000 points and a bonus Buddy Pass | 1.5 points per dollar on all purchases |
What should I look for in a travel credit card?
When choosing a travel credit card, you should look for a card that offers a generous welcome bonus, a rewards program that aligns with your spending habits, and perks like airport lounge access, travel insurance, and concierge service. You should also consider the annual fee and whether the benefits outweigh the cost.
Are travel credit cards worth it?
Travel credit cards can be worth it if you travel frequently and can take advantage of the rewards programs and perks. However, if you don’t travel often, these cards may not be worth the annual fee.
Can I use my travel rewards to book any travel?
It depends on the credit card and its rewards program. Some travel credit cards allow you to book travel through their portal, while others require you to use their partner airlines or hotels.
Do travel credit cards have foreign transaction fees?
Some travel credit cards have foreign transaction fees, which can add up quickly if you travel abroad frequently. However, many cards on this list, like the BMO World Elite Mastercard and Tangerine World Mastercard, have no foreign transaction fees.