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If you are a frequent traveler, having a travel rewards credit card can help you save a significant amount of money on your trips. With so many options available in the market, choosing the right one can be overwhelming. We have compiled a list of the best travel rewards cards available in Canada to help you make an informed decision.
1. American Express Cobalt Card
The American Express Cobalt Card is one of the most popular travel rewards cards in Canada. It offers 5x points on eligible eats and drinks, 2x points on travel and transit, and 1x points on all other purchases. The points can be redeemed for travel, merchandise, or statement credit.
2. Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card is another great option for frequent travelers. It offers 5x points on eligible grocery, dining, and entertainment purchases, 3x points on gas, transit, and eligible streaming services, and 1x points on all other purchases. The points can be redeemed for travel or statement credit.
3. TD Aeroplan Visa Infinite Card
The TD Aeroplan Visa Infinite Card is a co-branded card that offers Aeroplan points on every purchase. The card offers 1.5x points on eligible gas, grocery, and drugstore purchases, and 1x points on all other purchases. The points can be redeemed for flights, hotels, car rentals, and merchandise.
4. BMO World Elite Mastercard
The BMO World Elite Mastercard is another great option for frequent flyers. It offers 3x points on eligible travel, dining, and entertainment purchases, and 2x points on all other purchases. The points can be redeemed for travel, merchandise, or statement credit.
5. CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite Card offers Aventura points on every purchase. It offers 2x points on eligible travel, grocery, gas, and dining purchases, and 1x points on all other purchases. The points can be redeemed for travel, merchandise, or statement credit.
FAQs
| What are travel rewards cards? | Travel rewards cards are credit cards that offer points or miles for every purchase made. These points can then be redeemed for travel-related expenses such as flights, hotels, car rentals, and more. |
| How do I choose the best travel rewards card? | You should choose a travel rewards card based on your spending habits and travel preferences. Consider the earning rate, sign-up bonus, redemption options, and annual fees before making a decision. |
| Do travel rewards cards have foreign transaction fees? | Some travel rewards cards do have foreign transaction fees, which can add up to 3% to your purchase. Look for a card that doesn’t charge foreign transaction fees if you frequently travel abroad. |