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Traveling is a wonderful experience that allows you to explore new places, meet new people, and learn about different cultures. However, it can also be expensive, especially if you’re traveling outside of Canada or the United States. Luckily, there are credit cards that can help you earn rewards and save money on your travels. In this article, we’ll take a look at the best Canadian credit cards for travel rewards.
American Express Gold Rewards Card
The American Express Gold Rewards Card is a popular choice for frequent travelers. It offers a welcome bonus of 25,000 points when you spend $1,500 in the first three months of card membership. You can redeem these points for travel, merchandise, or gift cards. The card also offers a generous earn rate of 2 points per dollar spent on eligible travel, gas, groceries, and dining purchases. Plus, you can transfer your points to a number of airline and hotel loyalty programs, including Aeroplan and Marriott Bonvoy.
Scotiabank Passport Visa Infinite Card
The Scotiabank Passport Visa Infinite Card is another great option for travelers. It offers a welcome bonus of 30,000 points when you spend $1,000 in the first three months of card membership. You can redeem these points for flights, hotels, and other travel purchases. The card also offers no foreign transaction fees, airport lounge access, and comprehensive travel insurance coverage. You’ll earn 2 points per dollar spent on eligible grocery, dining, entertainment, and transit purchases, and 1 point per dollar spent on all other purchases.
BMO World Elite Mastercard
The BMO World Elite Mastercard is a premium credit card that offers great travel rewards. You’ll receive a welcome bonus of 35,000 points when you spend $3,000 in the first three months of card membership. You can redeem these points for travel, merchandise, or statement credits. The card also offers a comprehensive travel insurance package, Priority Pass airport lounge access, and other valuable perks. You’ll earn 3 points per dollar spent on eligible travel, dining, and entertainment purchases, and 2 points per dollar spent on all other purchases.
Tangerine World Mastercard
The Tangerine World Mastercard is a great choice for budget-conscious travelers. It has no annual fee and offers a low interest rate. You’ll earn 2% cash back on up to three categories of your choice, including travel, groceries, gas, and more. You’ll also earn 0.5% cash back on all other purchases. The cash back you earn can be applied to your balance or redeemed for travel or merchandise. Plus, the card offers no foreign transaction fees and comprehensive travel insurance coverage.
Conclusion
If you’re a frequent traveler, getting a travel rewards credit card can help you earn points and save money on your trips. The American Express Gold Rewards Card, Scotiabank Passport Visa Infinite Card, BMO World Elite Mastercard, and Tangerine World Mastercard are some of the best Canadian credit cards for travel rewards. Consider your spending habits, travel preferences, and financial situation when choosing a card that’s right for you. Bon voyage!
| Credit Card | Welcome Bonus | Earn Rate | Annual Fee |
|---|---|---|---|
| American Express Gold Rewards Card | 25,000 points | 2 points per dollar spent on eligible travel, gas, groceries, and dining purchases | $150 |
| Scotiabank Passport Visa Infinite Card | 30,000 points | 2 points per dollar spent on eligible grocery, dining, entertainment, and transit purchases | $139 |
| BMO World Elite Mastercard | 35,000 points | 3 points per dollar spent on eligible travel, dining, and entertainment purchases | $150 |
| Tangerine World Mastercard | N/A | 2% cash back on up to three categories of your choice, 0.5% cash back on all other purchases | $0 |
Frequently Asked Questions
What are travel rewards credit cards?
Travel rewards credit cards are credit cards that allow you to earn rewards points or cash back for your travel purchases. These rewards can be redeemed for flights, hotels, car rentals, and other travel-related expenses.
How do I choose a travel rewards credit card?
When choosing a travel rewards credit card, consider your spending habits and travel preferences. Look for a card with a generous welcome bonus, a competitive earn rate, and valuable perks such as airport lounge access and travel insurance coverage. Also, be aware of any annual fees and foreign transaction fees.
Can I use travel rewards for anything besides travel?
Many travel rewards can be redeemed for merchandise, gift cards, or statement credits. However, the value of these redemptions may be lower than the value of travel redemptions. Check the rewards program’s terms and conditions for more information.