BEST TRAVEL CREDIT CARDS CANADA
Travel credit cards are designed for cardholders dreaming of paying for a vacation with their rewards. With an air miles credit card, for example, you’ll earn miles you can use to pay for a free flight. Many travel cards also offer bonus points on both travel purchases and everyday spending.
When comparing travel cards, look for a high rewards rate, ample welcome bonus and substantial point value. If possible, also look at how difficult it is to redeem your travel miles. Some cards make it easier than others to use the points you’ve earned.
American Express Gold Rewards Card
25,000 points if you spend $1500 in the first three months
- AMEX Front of the Line
TD Aeroplan Visa Infinite Card
Up to 30,000 Aeroplan Welcome Bonus
Travel Insurance and Priority boarding and check-in on Air Canada Flights
BMO Air Miles World Elite Mastercard
Up to 3,000 Air Miles welcome bonus
- 15% off Air Miles purchases within North America
Rogers World Elite Mastercard
$25 cashback after you make your first purchase
4% cashback on foreign purchases and 2% cash back on Rogers products
Scotiabank Passport Visa Infinite Card
Up to 30,000 Scotia Rewards Points
- No foreign exchange mark-up fee
AMERICAN EXPRESS GOLD REWARDS
Considered one of the top travel cards on the market, the Gold Rewards Card is the gold standard in Canada. The card has access to the AMEX suite of perks, including Front of the Line and easy to book travel perks.
You also will have the ability to transfer AMEX points to several top hotel and flight programs. As well, you have access to AMEX travel insurance, which is second to none. The card does have a $150 fee but is generally waived in the first year.
As well, AMEX is not accepted everywhere, but its popularity is growing. This card is the real deal and is worth looking into for anyone looking into the best travel cards in Canada.
Finally, the card comes with a 25,000 point bonus with $1500 of purchases in the first three months. With 1:1 transfer to Aeroplan, that is a free trip from Toronto to Vancouver.
TD AEROPLAN VISA INFINITE CARD
For those looking to travel on Air Canada, the TD Aeroplan Visa Infinite Card is a great choice. The card itself comes with a 15,000 point Aeroplan bonus upon sign-up.
As well, if you spend $1000 per month for the next three months, you receive another 15,000 points. Further to this, you will earn 1.5 points per dollar on gas, grocery and drugstores. For everything else, you will enjoy 1 point per dollar.
Finally, the card does have a $120 annual fee, but your first year is on TD. The TD Aeroplan Visa Infinite card is great and is worth a look into, especially if you fly with Air Canada.
BMO AIR MILES WORLD ELITE MASTERCARD
For those of you who collect Air Miles, the premier card in Canada is the BMO Air Miles World Elite Mastercard. The card has a welcome bonus of 1000 Air Miles upon approval.
As well, the card will provide you with another 2000 after spending $3000 in your first three months. Other than that, you will earn 1 Air Mile per $10 spent, one of the highest rates of return in North America. The card also comes with two LoungeKey yearly passes, which makes air travel a little bit better.
Finally, the card also has a fee of $120 per year, but BMO will cover your first year. For those who are looking for an Air Miles option, the BMO Air Miles World Elite Mastercard is worth a look!
ROGERS WORLD ELITE MASTERCARD
One of the surprises on this list, the Rogers World Elite Mastercard is one of the top travel cards for expenses. On all foreign transactions, this card provides you 4% in cashback. Whether you are booking hotels or buying lunch, if it is not in CAD, you are earning 4%.
Plus, the card provides you 2% cashback on all Rogers products and 1.75% for everything else. With no annual fee and Mastercard Airport Experience perks, the card is strong. With the 4% cashback, the Rogers World Elite Mastercard is one of the top travel cards in Canada.
SCOTIABANK PASSPORT VISA INFINITE CARD
If you are looking for a great sign-up bonus, then the Scotiabank Passport Visa Infinite Card is for you. This card has some of the best sign-up perks on this list, especially if you have Scotia Rewards. You will earn 30,000 Scotia Reward points if you spend $1,000 in the first three months.
As well, you will earn 2 points per dollar in groceries, gas and drugstore purchases. On everything else, you will receive 1 point per dollar.
Further to this, the card has no foreign exchange fee and comes with six free lounge passes per year. Not a bad deal, especially if you are looking for a rewards program for more than travel. The Scotiabank Passport Visa is worth looking into for the sign-up bonus alone!
THE BOTTOM LINE
The travel credit card market is one of the most competitive niches in Canada. You have cards that offer you flexible rewards on more than travel. You also have cards that link to your preferred travel point program.
Plus, many of these cards come with top-rated travel insurance included at no extra cost. No matter what you are looking for in your travel credit card, one of these cards will suit your needs.
Best Travel Credit Card (Overall): American Express Gold Rewards Card
Best Travel Credit Card for Aeroplan: TD Aeroplan Visa Infinite Card
Best Travel Credit Card for Air Miles: BMO Air Miles World Elite Mastercard
Best Travel Credit Card for Foreign Transactions: Rogers World Elite Mastercard
Best Travel Credit Card for a Sign-Up Bonus: Scotiabank Passport Visa Infinite Card
Best Travel Credit Card for Point Programs: American Express Gold Rewards Card
Best Travel Credit Card for Travel Insurance: American Express Gold Rewards Card