Traveling is one of the most fulfilling experiences anyone can have. It allows you to explore new cultures, learn about different people, and create unforgettable memories. However, traveling can also be expensive. That’s where credit cards come in handy. With the right credit card, you can save money on travel expenses, earn rewards points that you can redeem for flights or hotel stays, and enjoy other travel perks.
Why Use a Travel Credit Card?
Travel credit cards are specifically designed to cater to the needs of travelers. They offer various benefits such as:
- Earn rewards points or miles for every dollar spent on purchases
- Redeem rewards points for flights or hotel stays
- Travel insurance and emergency assistance services
- No foreign transaction fees when using your card abroad
- Airline and hotel status upgrades
- Lounge access
Using a travel credit card is an excellent way to save money on travel expenses while enjoying various perks that make your journey more comfortable and enjoyable.
Top Canadian Credit Cards for Travel
Canadian residents have different credit cards available to them when it comes to traveling. Here are some of the best Canadian credit cards for travel:
Credit Card | Rewards | Annual Fee |
---|---|---|
American Express Cobalt | 5x points on dining and groceries, 2x points on travel and gas, 1x points on everything else | $120 |
Scotiabank Gold American Express | 5x points on groceries, restaurants, and entertainment, 3x points on gas, transit, and select streaming services, 1x points on everything else | $120 |
TD Aeroplan Visa Infinite | 1.5 miles per dollar spent on purchases, 1.5 miles per dollar spent on eligible Air Canada purchases | $139 |
BMO World Elite Mastercard | 3x points on eligible travel purchases, 2x points on dining, entertainment, and gas, 1x points on everything else | $150 |
These credit cards offer excellent rewards, travel perks, and insurance, making them ideal for Canadian travelers.
FAQs
Conclusion
Traveling is an expensive experience, but it doesn’t have to be. By using the right travel credit card, you can save money on travel expenses, earn rewards points or miles, and enjoy various travel perks that make your journey more comfortable and enjoyable. The American Express Cobalt, Scotiabank Gold American Express, TD Aeroplan Visa Infinite, and BMO World Elite Mastercard are some of the best Canadian credit cards for travel, offering excellent rewards, travel perks, and insurance.