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Nearly one-in-four Canadians (23%) say they’re planning to vacation this spring, according to the Scotiabank Spring Travel Poll conducted by Maru/Blue in 2023. Among those planning a trip, the majority want to venture internationally (53%).
Our picks for Canada’s best travel credit cards include top cards across numerous categories to help you earn discounts, perks and rewards before your next trip.
- The best travel credit cards in Canada
- Why you should trust us
- Summary of our selections
- How travel credit cards work in Canada
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TD First Class Travel® Visa Infinite* Card
Earn up to 115,000 TD Rewards Points† plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions Apply. Account must be approved by January 3, 2024.
Best Travel Credit Cards in Canada from Our Partners
Credit Card |
Intro Offer |
Rewards Rate |
Annual Fee |
|
---|---|---|---|---|
Best for Expedia bookingTD First Class Travel® Visa Infinite* Card |
Up to 115,000 Points
|
2x-8x Points
|
$139
Waived first year
|
|
Best premium travel cardThe Platinum Card® from American Express |
80,000 Points
|
1x-3x Points
|
$699
|
|
American Express Cobalt® Card |
Up to 30,000 Points
|
1x-5x Points
|
$155.88
|
Best overall
Best travel credit cards in Canada
Best overall travel card
Scotiabank Platinum American Express® Card
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Annual Fee$399
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Interest Rates9.99%9.99% on purchases and cash advances.
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Rewards Rate2x PointsEarn 2X Scene+™ points for every $1 you spend on all your eligible purchases.
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Intro OfferUp to 60,000 PointsTo qualify for the 60,000 bonus Scene+ points: 1. Earn 50,000 bonus Scene+ points by making at least $3,000 in everyday eligible purchases in your first 3 months. 2. Plus, for a limited time, you are eligible to earn a 10,000 Scene+ point bonus when you spend at least $10,000 in everyday eligible purchases in your first 14 months. Offer ends October 31, 2023.
With low rates and a generous rewards program, the Scotiabank Platinum American Express card is a unicorn for frequent travellers seeking luxury perks, premier travel benefits and exceptional interest rates on purchases and cash advances.
Pros
- Low interest rates, no foreign transaction fees, and an impressive insurance package that includes comprehensive travel insurance coverage and newly-added mobile device insurance.
- Luxury travel privileges include 10 free VIP airport lounge visits per year with a complimentary Priority Pass membership.
Cons
- The $399 annual fee is quite a bit higher than other rewards cards, but frequent travellers seeking a low rate on purchases and cash advances can easily make the yearly cost worthwhile.
- Earn up to $2,100* in value in your first 14 months, including up to 60,000* bonus Scene+ points. Offer ends October 31, 2023.
- You will not pay 2.5% foreign transaction fees on any foreign currency purchases, including online shopping and when travelling abroad. Only the exchange rate applies.
- Earn 2X Scene+™ points for every $1 CAD you spend on all your eligible purchases.
- Scene+ points can be redeemed for travel purchase, merchandise and other non-travel rewards such as gift cards and prepaid cards.
- You must redeem a minimum of 5,000 points per travel-related rewards redemption, equivalent to $50 in travel savings. Points must be redeemed within 12 months of the purchase date.
- $399 annual fee.
- Redeem points for any flight, any time through Scene+ Travel, a full-service travel agency. Plus, take advantage of a best price guarantee on airfare.
- Get a Hertz #1 Club Gold membership for special privileges and rental car benefits at over 8,500 locations in 147 countries.
- Enjoy culinary events and experiences, entertainment, luxury fashion, tours, and more through American Express benefits, including American Express Invites, Platinum VIP offers and access to 24/7 premium concierge services for restaurant reservations, show tickets, and gift purchases.
- Lounge access at over 600 VIP airport lounges around the world with a complimentary Priority Pass membership, which includes 10 free visits per year.
- 12 types of insurance provided, including 31-day travel medical benefits — up to $2 million in coverage — for you, your spouse and any dependent children under the age of 65. 10-day coverage available for those over the age of 65.
- Preferred rates: 9.99% for purchases, 9.99% for cash advances.
- To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- Terms and Conditions Apply. Click ‘Apply Now’ for complete details.
Best for: Expedia bookings
TD First Class Travel® Visa Infinite* Card
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Annual Fee$139To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 4, 2024.Waived first year
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash advances.
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Rewards Rate2x-8x PointsEarn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†. Earn 6 TD Rewards Points† for every $1 you spend on Groceries and Restaurants†. Earn 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account†. Earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card†.
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Intro OfferUp to 115,000 PointsEarn up to 115,000 TD Rewards Points†: Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†. Earn 95,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†. Earn a Birthday Bonus of up to 10,000 TD Rewards Points†. Account must be approved by January 3, 2024.
With a large welcome bonus and accelerated earn rate on travel booked through ExpediaForTD.com, the TD First Class Travel® Visa Infinite* Card is perfect for travellers aiming to score free flights and hotel visits.
Pros
- A generous welcome bonus worth up to $1,000 in value.
- Travel expenses eligible for redemption include more than just hotel stays and flights – baggage fees, airport parking, car rentals, cruises, travel attractions, entertainment and more are all fair game.
Cons
- This card doesn’t have as many travel perks as others on the list, but you can quickly earn free flights and hotel stays.
- No free airport lounge access — you only receive an annual discount on a Priority Pass lounge membership.
- Earn up to $1,000 in value†, including up to 115,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 3, 2024.
- To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 4, 2024.
- Get a free 12 month† Uber One membership (that’s $120 in value†).
- Earn 8 TD Rewards Points† for every $1 you spend when you book travel through Expedia® For TD†.
- Earn 6 TD Rewards Points† for every $1 you spend on Groceries and Restaurants†.
- Earn 4 TD Rewards Points† for every $1 you spend on regularly recurring bill payments set up on your Account†.
- Earn 2 TD Rewards Points For every $1 you spend on other Purchases made using your Card† plus earn an annual Birthday Bonus† of up to 10,000 TD Rewards Points.
- No travel blackouts†, no seat restrictions† and no expiry† for your TD Rewards Points as long as your account is open and in good standing.
- Each year, you will receive one $100.00 TD Travel Credit on your first Eligible Travel Credit Purchase of $500.00 or more made with Expedia For TD and posted to the Account in a calendar year.
- Interest Rates: 20.99% on purchases and 22.99% on cash advances.
- Go Places on Points: Your Points are worth more when you redeem through Expedia® For TD: Search over a million flights, hotels, packages and more! When you’re ready to book, you can redeem† your TD Rewards Points towards your travel purchase right away.
- Redeem your TD Rewards Points towards making purchases at Amazon.ca with Amazon Shop with Points. Conditions apply.
- Shop online through TDRewards.com Redeem your TD Rewards Points for great deals on a wide selection of merchandise and gift cards.
- Option to purchase TD Auto Club Membership†: and be covered 24 hours a day for emergency roadside assistance services in case something goes wrong when you are out on the road.
- Travel Medical Insurance†: Up to $2 million of coverage for the first 21 days. If you or your spouse is aged 65 or older, you are covered for the first 4 days of your trip. Additional top-up coverage is available.
- Trip Cancellation/Trip Interruption Insurance†: For Trip Cancellation, up to $1,500 of coverage per insured person, with a maximum of $5,000 for all insured persons, and for Trip Interruption, up to $5,000 of coverage per insured person, with a maximum of $25,000 for all insured persons on the same covered trip.
- To be eligible, $60,000 (individual) or $100,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- †Terms and conditions apply.
- This offer is not available for residents of Quebec.
- The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.
Best for: Airport lounge access
The Platinum Card® from American Express
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Annual Fee$699
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Interest RatesVariesThis card also has a Flexible Payment Option (FPO), which lets you carry a portion of your balance with interest on eligible purchases. Card members must pay all charges not included in their FPO balance in full.
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Rewards Rate1x-3x Points3x on eligible dining in Canada, 2x on eligible travel and 1x on everything else.
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Intro Offer80,000 PointsNew Platinum® Cardmembers, earn 80,000 Welcome Bonus points after you charge $7,500 in net purchases to your Card in your first 3 months of Cardmembership.
This precision-cut and engraved metal Platinum Card boasts a generous intro offer, strong earn rates on rewards, and an impressive array of premium benefits and perks.
Pros
- From special reservations to insider tips, you can enhance your travel experiences with complimentary, personalized service from Platinum Concierge — available 24/7.
- Benefit from a full suite of Platinum-level travel perks, such as worldwide airport lounge access, the Global Dining Collection, and more.
Cons
- Unless you plan to travel a lot, it may be difficult to offset the high $699 annual fee.
- No travel medical coverage for cardmembers over the age of 65.
- Unlock special experiences with the Platinum Card®.
- Earn 80,000 Membership Rewards® points – that’s $800 towards a weekend away.
- New Platinum® Cardmembers, earn 80,000 Welcome Bonus points after you charge $7,500 in net purchases to your Card in your first 3 months of Cardmembership.
- Earn 3 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases.
- You will have access to a $200 CAD Annual Travel Credit to use towards any single travel booking of $200 or more charged to your Platinum Card and made on www.americanexpress.ca/travel or through Platinum Card® Travel Service.
- Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
- Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program.
- Transfer points 1:1 to several frequent flyer and other loyalty programs.
- Enjoy complimentary benefits that offer an average value of $550 USD at over 1,000 extraordinary properties worldwide when you book Fine Hotels + Resorts.
- Platinum Cardmembers can enjoy access to special events and unique opportunities.
- Enjoy premium benefits at the Toronto Pearson Airport such as discount on parking.
- You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group Americas, Hertz and Avis.
- Interest applies in accordance with your Cardmember Agreement, Information Box, and Disclosure statement if the total New Balance is not paid by the Payment Due Date each month. All payments must be received by the Payment Due Date shown on the monthly statement.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
Best for: Aeroplan points
American Express® Aeroplan® Reserve Card
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Annual Fee$599
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Interest Rates20.99% / 21.99%20.99% on purchases, 21.99% on cash advances.
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Rewards Rate1.25x-3x Points3x on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x on eligible Dining and Food Delivery purchases in Canada, and 1.25x on everything else.
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Intro OfferUp to 90,000 PointsNew American Express® Aeroplan®* Reserve Cardmembers can earn up to 90,000 Aeroplan points: Earn 5,000 Aeroplan points for each Additional Aeroplan®* Reserve Card with an annual fee added to your account at time of application, up to a maximum of 2 approved Additional Cards. That could add up to 10,000 Aeroplan points. Plus, earn 7,500 Aeroplan points for each monthly billing period in which you spend $2,000 in net purchases on your Card for the first 6 months of Cardmembership. That could add up to 45,000 Aeroplan points. You can also earn 35,000 Aeroplan points when you spend $6,000 in net purchases between 13 and 16 months of Cardmembership. That’s up to $2,700 or more in value when you combine your welcome bonus points and card benefits.
Comprehensive travel insurance, Air Canada benefits, impressive earn rates and unlimited rewards make the American Express Aeroplan Reserve Card a strong choice for frequent travellers.
Pros
- Strong earn rates with unlimited rewards.
- Air Canada airport benefits, like Maple Leaf Lounge access, a free checked bag, Priority Airport Check-In, Priority Boarding for you and up to eight travel companions.
Cons
- A high $599 annual fee.
- The highest earn rate only applies to Air Canada travel purchases, so this card might not be a good fit if you prefer another airline.
- New American Express® Aeroplan®* Reserve Cardmembers can earn up to 90,000 Aeroplan points:
- Earn 5,000 Aeroplan points for each Additional Aeroplan®* Reserve Card with an annual fee added to your account at time of application, up to a maximum of 2 approved Additional Cards. That could add up to 10,000 Aeroplan points
- Plus, earn 7,500 Aeroplan points for each monthly billing period in which you spend $2,000 in net purchases on your Card for the first 6 months of Cardmembership. That could add up to 45,000 Aeroplan points
- You can also earn 35,000 Aeroplan points when you spend $6,000 in net purchases between 13 and 16 months of Cardmembership
- That’s up to $2,700 or more in value when you combine your welcome bonus points and card benefits.
- Receive up to $100 CAD in statement credits every four years when a NEXUS application or renewal fee is charged to your American Express Aeroplan Reserve Card.
- Highest Air Canada earn rate on an Aeroplan payment card in Canada: Earn 3X the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*.
- Standard Earn Rate: Earn 2X the points on eligible Dining and Food Delivery purchases in Canada.
- Earn 2X the points on eligible purchases with Rocky Mountaineer®**. Plus, you could receive a Complimentary Hotel Room Category Upgrade, on the first and last night, and a Complimentary Upgrade from SilverLeaf to GoldLeaf class of service when you book directly with Rocky Mountaineer using your Aeroplan Reserve Card.
- Standard Earn Rate: Earn 1.25X the points on everything else.
- Get through the airport quicker with Air Canada Priority Check-In, Air Canada Priority Boarding and Air Canada Priority Baggage Handling.
- Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date; your Pass entitles you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to a maximum of $599 CAD (plus taxes, fees, charges, and surcharges).
- Enjoy access to select Air Canada Maple Leaf Lounges™* and Air Canada Café™ in North America for you and a guest, with a same day ticket on a departing Air Canada or Star Alliance flight.
- Enjoy your eligible first checked bag free for up to 9 people travelling on the same reservation on Air Canada flights.
- Roll over any unallocated Aeroplan Elite™* Status Qualifying Miles and unused eUpgrade Credits to the following year to enjoy during your travels.
- American Express® Experiences opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more.
- Get more from your travel experience at Toronto Pearson International Airport with:
- Access to Pearson Priority Security Lane.
- Complimentary valet service at the Express Park and Daily Park.
- 15% discount on parking rates at the Express Park and Daily Park.
- 15% discount on Car Care Services.
- Get access to more than 1,200 Priority Pass™ airport lounges and enjoy an oasis of comfort before your flight, regardless of your airline or cabin class.
- Insurance Coverage: whether you’re shopping nearby or travelling abroad, you can feel confident knowing you can be taken care of
- American Express® Aeroplan®* Reserve Card is made from precision cut and engraved 13 g metal – it’s the perfect companion on your next exceptional journey
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
Best for: NEXUS rebates
TD® Aeroplan® Visa Infinite Privilege* Credit Card
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Annual Fee$599
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash advances.
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Rewards Rate1.25x-2x PointsEarn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®). Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases. Earn 1.25 points† for every $1 spent on all other purchases made with your Card.
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Intro OfferUp to 100,000 PointsEarn up to 100,000 Aeroplan points: Earn a welcome bonus of 20,000 Aeroplan points when you make your first purchase with your new card†. Earn an additional 50,000 Aeroplan points when you spend $7,500 within 180 days of Account opening†. Plus, earn an anniversary bonus of 30,000 Aeroplan points when you spend $12,000 within 12 months of Account opening†. Account must be approved by January 3, 2024.
The TD® Aeroplan® Visa Infinite Privilege* Card comes with strong travel insurance and perks, plus healthy earn rates on everyday purchases.
Pros
- Complimentary Visa Airport Companion membership with six airport lounge visits included each year.
- Tons of airport perks, including priority check-ins, boarding, baggage handling, airport upgrades, and airport standby.
Cons
- Substantial annual fee.
- Earn up to $3,200 in value† including up to 100,000 Aeroplan points and additional travel benefits. Conditions Apply. Account must be approved by January 3, 2024.
- Earn a welcome bonus of 20,000 Aeroplan points when you make. your first purchase with your new card†.
- Earn an additional 50,000 Aeroplan points when you spend $7,500 within 180 days of Account opening†.
- Plus, earn an anniversary bonus of 30,000 Aeroplan points when you spend $12,000 within 12 months of Account opening†.
- Enroll for NEXUS and once every 48 months get an application fee rebate†.
- Share first free checked bags with up to 8 travel companions† and get unlimited access to Maple Leaf Lounges† including complementary access for one guest.
- Plus, primary cardholders get 6 complimentary worldwide select airport lounge visits annually through the Visa Airport Companion Program.†
- Earn 2 points† for every $1 spent on eligible purchases made direct through Air Canada® purchases (including Air Canada Vacations®).
- Earn 1.5 points† for every $1 spent on eligible gas, grocery, travel and dining purchases.
- Earn 1.25 points† for every $1 spent on all other purchases made with your Card.
- Earn points twice when you pay with your Card and provide your Aeroplan number at over 150 Aeroplan partner brands and at 170+ online retailers via the Aeroplan eStore.
- Global Airport Lounge Access†: Receive a complimentary membership to the Visa Airport Companion† Program hosted by Dragonpass International Ltd. and take advantage of six lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide. Enroll through the Visa Airport Companion App or through visaairportcompanion.ca
- Travel Medical Insurance†: Up to $5 million of coverage for the first 31 days. If you or your spouse is aged 65 or older, you are covered for the first 4 days of your trip. Additional top-up coverage is available.
- Trip Cancellation/Trip Interruption Insurance†: For Trip Cancellation coverage of up to $2,500 per insured person, with a maximum of $5,000 for all insured persons, and for Trip Interruption coverage of up to $5,000 per insured person, with a maximum of $25,000 for all insured persons on the same covered trip.
- Flight/Trip Delay Insurance†: Up to $1,000 in coverage per insured person if your flight/trip is delayed for over 4 hours.
- Delayed and Lost Baggage Insurance†: For delayed baggage over 4 hours, up to $1,000 of coverage per insured person for the purchase of essentials, such as clothing and toiletries. For lost baggage, up to $2,500 of coverage per insured person.
- Common Carrier Travel Accident Insurance†: Up to $500,000 of coverage for covered losses while travelling on a common carrier (for example, a bus, ferry, plane, train or auto rental).
- To be eligible, $150,000 annual personal income or $200,000 household annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- †Terms and conditions apply.
- This offer is not available for residents of Quebec.
- The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.
Best for: Rewards on travel spending
American Express® Gold Rewards Card
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Annual Fee$250
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Interest Rates20.99% / 21.99%20.99% on purchases, 21.99% on cash advances.
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Rewards Rate1x-2x Points2x points on eligible travel purchases, 2x on eligible purchases at gas stations, grocery stores and drugstores in Canada, and 1x on purchases everywhere else.
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Intro OfferUp to 60,000 PointsNew American Express® Gold Rewards Cardmembers, earn 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card. This could add up to 60,000 points in a year. That’s up to $600 towards your next vacation.
The American Express Gold Rewards Card should get the attention of travellers looking for comfort and flexibility. Points can be used for an impressive array of items and can be transferred to other rewards programs. The new rose gold design is an eye-catcher, too.
Pros
- Travel in comfort: room and rental car upgrades, access to airport lounges and credits for hotel amenities like dining and spa treatments.
- The 60,000-point intro offer is equivalent to $600 for shopping, travel and more.
Cons
- Travellers 65 or older won’t be covered by the card’s emergency medical insurance.
- If you travel often, you could burn through your four complimentary visits to Plaza Premium Lounges fairly quickly.
- Earn up to 60,000 Membership Rewards® points:
- New American Express® Gold Rewards Cardmembers, earn 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card.
- This could add up to 60,000 points in a year. That’s up to $600 towards your next vacation.
- Earn 2 points for every $1 in Card purchases for eligible travel purchases, including flights, hotels, car rentals, cruises, and more.
- Earn 2 points for every $1 in Card purchases at eligible gas stations, grocery stores and drugstores in Canada, and 1 point for every $1 in Card purchases everywhere else.
- The Card is now available in your choice of Gold or Rose Gold metal options.
- Receive a $50 CAD statement credit when a NEXUS application or renewal fee is charged to your American Express Gold Rewards Card.
- You have access to an annual $100 CAD Travel Credit, compliments of your American Express Gold Rewards Card. Use the credit once annually towards any single travel booking of $100 or more charged to your Gold Rewards Card through American Express Travel Online.
- As a Gold Rewards Cardmember, you can receive complimentary membership in Priority PassTM – one of the world’s largest independent airport lounge programs. Escape the chaos of airports and relax in an oasis of calm and simply enjoy the fact that the travel experience has begun before your plane has even left the ground. Enrollment is required and entry fees apply.
- Enjoy four (4) complimentary visits per Calendar year to Plaza Premium Lounges across Canada. Entry fees apply once complimentary visits have been used.
- Charge any eligible purchase to your credit Card then log in to redeem your earned points for a statement credit.
- Transfer points 1:1 to several frequent flyer and other loyalty programs.
- 1 Free Additional Gold Rewards Card (a $50 value) to help you earn points faster.
- Subject to approval. The preferred rate for purchases is 20.99% and funds advances is 21.99%. If you have Missed Payments, the applicable rates for your account will be 25.99% and/or 28.99%. See the information box included with the application for the definition of Missed Payment and which rates apply to charges on your account and other details.
- American Express is not responsible for maintaining of monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
- To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
Best for: Hotel rewards
Marriott Bonvoy® American Express®* Card
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Annual Fee$120
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Interest Rates20.99% / 21.99%20.99% for purchases, 21.99% for cash advances.
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Rewards Rate2x-5x Points5x points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®. 2x points for every $1 in all other Card purchases.*
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Intro Offer50,000 PointsNew Marriott Bonvoy® American Express®* Cardmembers earn 50,000 Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Subject to change at any time
The Marriott Bonvoy® American Express®* Card helps travellers earn free stays and experiences at some of the world’s ritziest hotels, restaurants and spas, while also providing helpful insurance options and flexibility in how Marriott Bonvoy® points can be used.
Pros
- Solid earn rates should help members of the Marriott Bonvoy® program score free hotel stays.
- Marriott Bonvoy® points can be transferred to frequent flyer miles with some airlines, including Air Canada’s Aeroplan.
- Access to American Express® Experiences and several varieties of insurance.
Cons
- You’ll need to be a Marriott Bonvoy® member to take advantage of the card’s most valuable benefits.
- American Express isn’t always as widely accepted as some other credit cards, so using the Marriott Bonvoy® American Express®* — and collecting points — everywhere you go might not always be possible.
- New Marriott Bonvoy® American Express®* Cardmembers earn 50,000 Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Subject to change at any time
- Earn 5 points for every dollar in eligible Card purchases at hotels participating in Marriott Bonvoy®.
- Earn 2 points for every $1 in all other Card purchases.
- Receive an Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary.
- No annual fee on Additional Cards.
- Redeem points for free nights with no blackout dates at over 7,000 of the world’s most desired hotels.
- Automatic Marriott Bonvoy Silver Elite status membership.
- Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program.
- Enjoy an automatic upgrade to Marriott Bonvoy Gold Elite status when you reach $30,000 in purchases on the Card each year or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your card.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.
Best for: British Airways flyers
RBC® British Airways Visa Infinite‡
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Annual Fee$165
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Interest Rates20.50% / 22.99%20.50% on purchases, 22.99% on cash advances.
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Rewards Rate1x-2x MilesCollect 1 Avios for every $1 CAD spent on qualifying net purchases*. Collect double Avios when you shop with British Airways and BA Holidays*.
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Intro OfferUp to 60,000 MilesReceive up to 60,000 Aviosˆ: Receive 15,000 Avios as welcome bonus upon approval. 35,000 bonus Avios when you spend $6,000 CAD in the first 3 months. Another 10,000 bonus Avios after your first yearˆ.
As Canada’s only co-branded British Airways card, the RBC® British Airways Visa Infinite‡ is a smart choice for frequent flyers of the airline.
Pros
- Receive a Companion Award eVoucher by spending $30,000 or more in any calendar year.
- There’s no spending cap on accelerated reward rates.
Cons
- Avios doesn’t transfer to other loyalty programs, so this card is only useful to travellers loyal to British Airways.
- Airport lounge access is not included.
- Intro offer: Get Up to 60,000 Aviosˆ: Receive 15,000 Avios as welcome bonus upon approval. 35,000 bonus Avios when you spend $6,000 CAD in the first 3 months. Another 10,000 bonus Avios after your first yearˆ.
- Collect 1 Avios for every $1 CAD spent on qualifying net purchases*.
- Collect double Avios when you shop with British Airways and BA Holidays*
- Earn a companion voucher when you spend $30,000 CAD annually. You can either take a companion with you or fly solo instead for a 50% Avios discount on the cost of one reward seat ticket. Plus, you’ll have the flexibility to pay a lower, flat fee to cover taxes, fees and carrier charges and a fixed Avios amount when you make a Reward Flight booking.
- Eligible members who spend a minimum of $30,000 CAD on qualifying purchases on their card in a calendar year (“calendar year” refers to the time period starting from January 1 and ending December 31) will receive a maximum of one Companion Voucher for that calendar year. See ba.com/rbc-visa for full terms and conditions.
- 10% off British Airways flights when you book and pay with your card∞.
- Redeem for flights and more – you can spend your Avios on all of the travel things you love, including cabin upgrades with British Airways or reward flights with British Airways and any of the oneworld partner airlines to almost 1,000 destinations worldwide**.
- Comprehensive Insurances including 31–day out of country/province emergency medical insurance¹, flight delay insurance², hotel burglary³ and rental car⁴ insurance. Even eligible purchases you make with the card are protected³.
- Luxury Visa Infinite benefits⁵ such as first in line service for exclusive events and hotel and dining exclusives via www.visainfinite.ca.
- Complimentary 24/7 Concierge Service⁵.
- Link your RBC card with a Petro-Points membership to instantly save 3₵ per litre on fuel at Petro-Canada stations and earn 20% more Petro-Points and 20% more RBC rewards points.
- Get $0 delivery fees for 12 months from DoorDash.
- Link your RBC British Airways Visa Infinite card with a Rexall Be Well account and get 50 Be Well points for every $1 spent on eligible products at Rexall. Redeem Be Well points faster for savings in store on eligible purchases where 25,000 Be Well points = $10
- Eligibility: This card requires a minimum personal income of $60,000 or a minimum household income of $100,000. Must also be a Canadian resident of the age of majority in the province or territory of residence.
- Corresponding legal references and product terms are available on the RBC website, which will be available and agreed upon in the customer onboarding process.
Best for: AIR MILES rewards
BMO AIR MILES®† World Elite®* Mastercard®*
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Annual Fee$120Waived first year
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Interest Rates20.99% / 23.99%20.99% on purchases and 23.99% on cash advances (21.99% for Quebec residents).
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Rewards Rate0.08x-0.25x MilesEarn 3x the Miles for every $12 spent at participating AIR MILES Partners and 2x the Miles for every $12 spent at any eligible grocery store.* Earn 1 reward mile for every $12 in credit card purchases, everywhere you spend.*
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Intro Offer2,000 MilesSpend $3,000 in the first three months to earn 2,000 AIR MILES Bonus Miles. Waive the $120 annual fee in the first year. Applications must be received by July 31, 2023. Terms and conditions apply.
With airport perks, travel benefits, 24/7 concierge access, and an impressive standard earn rate — 1 AIR MILE for every $12 spent — the BMO AIR MILES®† World Elite®* Mastercard®* offers frequent flyers a luxury travel experience at a great value.
Pros
- Airport lounge access with a complimentary membership in Mastercard Airport Experiences provided by LoungeKey.
- Strong insurance policy, including up to $2 million in out-of-province/out-of-country emergency medical insurance.
Cons
- This card doesn’t offer accelerated earn rates on certain spending categories.
- Welcome offer: Get 2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee for the first year.*
- Get 3x the Miles for every $12 spent at participating AIR MILES Partners and 2x the Miles for every $12 spent at any eligible grocery store*.
- Earn 1 reward mile for every $12 in credit card purchases, everywhere you spend.*
- Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services.
- Use your card at Costco.*
- Extended Warranty.
- Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges.*
- Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
- Use less Miles with our exclusive 25% discount on one worldwide AIR MILES flight redemption during the calendar year.*
- BMO AIR MILES World Elite Travel and Medical Protection.*
- BMO Concierge Service.*
- Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada.
- *Terms and conditions apply.
- BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
Best for: Newcomers to Canada
Scotiabank Passport™ Visa Infinite* Card
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Annual Fee$150Offer Ends October 31, 2023.Waived first year
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Interest Rates20.99% / 22.99%20.99% on purchases. 22.99% on cash advances.
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Rewards Rate1x-3x PointsEarn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op. Earn 2 Scene+ points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more). Earn 1 Scene+ point on every $1 you spend on all other eligible purchases.
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Intro OfferUp to 35,000 PointsTo qualify for the 35,000 bonus Scene+ points: 1. Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. 2. Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday net eligible purchases annually. Offer Ends October 31, 2023.
The Scotiabank Passport Visa Infinite Card offers competitive earn rates and easy-to-understand redemption on travel — 1 point equals 1 cent in travel savings.
Pros
- Complimentary Visa Airport Companion Program membership, with six free airport lounge visits included every year, which is more than typically included with a credit card.
- No foreign transaction fees.
Cons
- The accelerated rate on travel purchases only lasts three months — but you can earn up to 42,500 points, worth $425 in travel savings.
- The annual $1,000 bonus requires you to spend $40,000 per year on everyday spending on the card.
- Earn up to $1,100+ in value in the first 12 months, including up to 35,000 bonus Scene+ points and first year annual fee waived on your first supplementary card. NEW OFFER May 1, 2023 – October 31, 2023.
- The only major bank credit card offering you no foreign transaction fees, including for shopping online or abroad.
- Your Award Winning Card For Travel.
- Earn 2 Scene+ points on every $1 you spend on eligible grocery stores, dining, entertainment purchases, and daily transit purchases (including buses, subways, taxis and more).
- Earn 1 Scene+ point on every $1 you spend on all other eligible purchases.
- You’ll earn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op.
- Airport lounge access through complimentary Visa Airport Companion Program membership, plus six complimentary lounge visits per year from the date of enrollment, providing you with access to 1,200+ airport lounges globally, including participating Plaza Premium Lounges.
- Visa Infinite* benefits including Visa Infinite Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and Entertainment & Lifestyle Offers.
- Access to Scotia SelectPay™.
- To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or a minimum assets under management of $250,000. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
- Terms and Conditions Apply. Click ‘Apply Now’ for complete details.
Best for: Cash back
Scotia Momentum® Visa Infinite* Card
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Annual Fee$120Open a new Scotia Momentum® Visa Infinite* credit card account by October 31, 2023 to qualify.Waived first year
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash advances.
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Rewards Rate1%-10%10% intro offer (Ends October 31, 2023), Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases. Earn 2% for every $1 you spend on gas purchases and daily transit purchases. Earn 1% cash back on all other purchases with no cash back limit.
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Intro OfferUp to $200Earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases). Must open a new account by October 31, 2023.
Earn up to $1,000 in cash back on grocery shopping and recurring bill payments with a 4% rewards rate in both categories.
Pros
- It’s rare for a credit card to offer 4% cash back on two major spending categories. It’s even rarer to set a $25,000 annual limit to that 4% — a $1,000 value — before reverting to the healthy 1% base rate.
- You can waive the $120 annual fee every single year by using the Scotiabank Ultimate Package.
Cons
- The cash back earned is hands-off. You have to wait until November, and then it’s only redeemable as a statement credit. If you have a Scotiabank account, that annual payout can be deposited into your bank account.
- The 4% rate won’t mean much to you if you don’t buy a lot of groceries or often buy your food at somewhere that Visa doesn’t classify as a grocery store or supermarket, such as Canadian Tire, FreshCo, London Drugs, Walmart and No Frills.
- SPECIAL OFFER: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on supplementary cards. Offer ends October 31, 2023.
- Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
- Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
- Earn 1% cash back on all other purchases with no cash back limit.
- Redeem cash back as a statement credit in November.
- Visa Infinite benefits, including Visa Infinite* Concierge, Visa Infinite* Luxury Hotel Collection, Visa Infinite* Dining Series, and entertainment and lifestyle offers.
- Save up to 25% off base rates at participating AVIS locations and at participating Budget locations in Canada and the U.S.
- Access to Scotia SelectPay™.
- To be eligible, $60,000 (individual) or $100,000 (household) annual income is required, or $250,000 minimum assets under management. Also, you must have a Canadian credit file and be a Canadian resident that is the age of majority in the province or territory where you live.
- Terms and Conditions Apply. Click ‘Apply Now’ for complete details.
Best for: Students
CIBC Aeroplan® Visa Card for Students
![CIBC Aeroplan® Visa Card for Students](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/01/CIBC-Aeroplan-Visa-Card-for-Students-460x290.jpeg)
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Annual Fee$0
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash advances (21.99% for Quebec residents).
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Rewards Rate0.67x-1x Points1x per $1 spent on gas, electric vehicle charging, groceries and Air Canada travel purchases, and 1x per $1.50 spent on all other purchases.
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Intro Offer10,000 PointsEarn 10,000 Aeroplan points when you make your first purchase at any time with your card. New cardmembers only.
Credit card beginners can use the CIBC Aeroplan Visa Card for Students to accumulate travel rewards thanks to a solid earn rate and a generous welcome bonus.
Pros
- The welcome bonus has no strings attached or hoops to jump through — simply make a purchase a receive 10,000 Aeroplan points.
- Your Aeroplan membership will help you earn points twice as fast at Aeroplan partners and retailers in the Aeroplan eStore when you pay with your Aeroplan credit card.
Cons
- The higher 20.99% interest rate could be a problem for students learning how to use their first credit card.
- To get the best value, you’ll have to be loyal to Air Canada and the Aeroplan rewards program.
- 1x Aeroplan points per dollar on gas, electric vehicle charging, groceries and Air Canada travel purchases, up to $40,000 annual spend.
- 1x Aeroplan points per $1.50 spent on all other purchases, including gas, electric vehicle charging, groceries and Air Canada travel purchases that exceed the $40,000 threshold.
- Earn points twice at over 150 Aeroplan partners and 170+ online retailers through the Aeroplan eStore.
- Aeroplan Points never expire and can be redeemed for a variety of travel, merchandise, gift card, and other rewards offered by Aeroplan’s participating partners and suppliers.
- $0 annual fee.
- Get three free months of Uber Pass for discounts on rides, meals and more. Offer ends September 8, 2022.
- Earn 1 Aeroplan point for every $6 spent on CIBC Global Money Transfer, with no transaction fees or interest as long as you pay your balance on time. Offer ends June 30, 2022.
- Maximize your points by adding up to three additional cards and giving them to your spouse or other family members. Points can be shared with other Aeroplan members in your household.
- Earn points by using your CIBC Aeroplan Visa to automatically make recurring bill payments.
- Receive preferred pricing when paying for flights with your Aeroplan points.
- Save up to 25% on car rentals at participating Budget and Avis locations worldwide when paying with your card.
- Save up to 10 cents per litre at participating Chevron, Ultramar and Pioneer gas stations if you link your card with Journie Rewards.
- Use the CIBC Pace It feature to make installment payments on large purchases.
- Four types of insurance are provided: auto rental collision and loss damage insurance, purchase security, extended protection insurance, and $100,000 in common carrier accident insurance.
- Preferred rates: 20.99% for purchases, 22.99% for cash advances.
- To be eligible, you must have full-time status in a college or university.
Best for: Cathay Pacific flyers
RBC® Cathay Pacific Visa‡ Platinum
![RBC® Cathay Pacific Visa‡ Platinum](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/07/RBC-Cathay-Pacific-Visa-Platinum.jpg)
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Annual Fee$120
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Interest Rates20.50% / 22.99%20.50% on purchases, 22.99% on cash advances.
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Rewards Rate1x-2.5x MilesEarn 1 Asia Mile for every $1 CAD in local spend³. Earn 1.25 Asia Miles for every $1 CAD equivalent of foreign currency you spend⁴ using your card. Earn double Asia Miles⁵ for every $1 CAD spent on eligible Cathay Pacific purchases online and in-flight purchases (minimum net purchase of 500 HKD).
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Intro Offer15,000 MilesReceive 15,000 welcome Asia Miles upon approval¹.
The RBC® Cathay Pacific Visa‡ Platinum offers rewards on foreign currency purchases and is the only credit card in Canada that earns Asia Miles, making it a smart option for frequent Cathay Pacific travelers.
Pros
- The primary cardholder can receive a complimentary first-year Green Tier Membership to Cathay Pacific’s exclusive Marco Polo Club.
- Use the spectacular welcome bonus to book a Cathay Pacific Premium Economy one-way flight to a destination up to 7,500 miles away.
- Asia Miles has many airline partners, including Air Canada, American Airlines, Alaska Airlines, Qatar Airways, and more.
Cons
- You can find better perks and more flexible redemption options on other travel cards that have lower annual fees.
- Airport lounge access is not included.
- The Only Credit Card in Canada that Earns Asia Miles.
- Intro offer: Receive 15,000 welcome Asia Miles upon approval¹.
- Earn 1 Asia Mile for every $1 CAD in local spend³.
- Earn 1.25 Asia Miles for every $1 CAD equivalent of foreign currency you spend⁴ using your card.
- Earn double Asia Miles⁵ for every $1 CAD spent on eligible Cathay Pacific purchases online and in-flight purchases (minimum net purchase of 500 HKD).
- Redeem your Asia Miles towards flights to over 1,000 international destinations⁶, hotel and holiday packages, car rental, merchandise, and much more.
- Your Asia Miles will no longer expire, as long as you make at least one purchase with your RBC Cathay Pacific Visa Platinum card every 18 months.
- With Miles Plus Cash, you can use a mix of Asia Miles and cash payment when spending with us, giving you more ways to spend and earn Asia Miles.
- Get the most out of your trip and save 10% on Asia Miles when you redeem Asia Miles for hotel stays, car rentals and experiences at travel.asiamiles.com with your RBC Cathay Pacific Visa Platinum card.
- Enjoy complimentary first year Green Tier Membership to Cathay Pacific’s exclusive Marco Polo Club for your primary cardholder⁶.
- Get comprehensive travel insurance coverage⁸ including emergency medical insurance¹³, as well as flight delay insurance¹⁴, hotel burglary and rental car¹², insurance. Even eligible purchases you make on this card are protected⁸.
- Instant fuel savings at Petro-Canada: Link your card to your Petro-Points card to instantly save 3¢/L on fuel7 and earn 20% more Petro-Points‡ at Petro-Canada⁸ when you pay with your linked card.
- Get $0 delivery fees for 12 months from DoorDash¹⁰: Add your eligible RBC credit card to your DoorDash account to: Get a 12-month complimentary DashPass subscription¹¹ – a value of almost $120 Enjoy unlimited deliveries with $0 delivery fees on eligible orders of $15 or more when you pay with your eligible RBC credit card.
- Eligibility: Must also be a Canadian resident of the age of majority in the province or territory of residence.
- Corresponding legal references and product terms are available on the RBC website, which will be available and agreed upon in the customer onboarding process.
Best for: Businesses
TD® Aeroplan® Visa* Business Card
![TD® Aeroplan® Visa* Business Card](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/08/TD®-Aeroplan®-Visa_-Business-Card-460x290.jpeg)
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Annual Fee$149Waived first year
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Interest Rates14.99% / 22.99%14.99% on purchases, 22.99% on cash advances.
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Rewards Rate1x-2x Points2x on Air Canada purchases, including Air Canada Vacations. 1.5x on travel, dining and select business categories, such as shipping, internet, cable and phone services. 1x on everything else.
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Intro OfferUp to 65,000 PointsEarn up to 65,000 Points: Earn a welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card. Plus, earn up to 45,000 Aeroplan points when you spend $2,500 in purchases each month for the first 12 months of Account opening. Plus, earn up to 10,000 Aeroplan points by setting up new recurring bill payments (maximum two). Account must be opened by January 3, 2024.
The TD Aeroplan Visa Business Card impresses with its obtainable welcome bonus, low interest rate and increased earn rate on essential business purchases.
Pros
- A 14.99% interest rate on purchases is unusual for a card packing this many benefits, including a healthy earn rate on business purchases like shipping and internet.
- Wide range of insurance provided.
- Travel perks include statement Credits For NEXUS Holders, free checked bags and Maple Leaf Lounge guest pass.
Cons
- Most travel perks require cardholders to hit spending thresholds before they can be claimed.
- Smaller businesses may not spend enough to score the full welcome bonus.
- Earn up to 65,000 Aeroplan points, no Annual Fee in the first year. Conditions Apply. Account must be opened by January 3, 2024.
- Earn 2 Aeroplan points for every dollar spent on eligible purchases made directly with Air Canada, including Air Canada Vacations.
- Earn 1.5 Aeroplan points for every dollar spent on eligible travel, dining and select business categories, such as shipping, internet, cable and phone services.
- Earn 1 Aeroplan point for every dollar spent on all other eligible purchases.
- Earn points twice when paying with a TD Aeroplan Visa Business Card and providing an Aeroplan number at over 150 Aeroplan partner brands and more than 170 online retailers via the Aeroplan eStore.
- Points can be redeemed for flights, hotels, merchandise, gift cards and more. They can also be used to pay down the card’s balance.
- Linked cards earn 50% more Aeroplan points and Stars at participating Starbucks stores.
- $149 annual fee — rebated in the first year.
- Free first checked bag for up to 9 people travelling on the same reservation on Air Canada flights.
- One free one-time guest pass to Maple Leaf Lounges for every $10,000 in net purchases. Maximum of 4 passes a year.
- Reach Aeroplan Elite Status more quickly by earning 1,000 Status Qualifying Miles and one Status Qualifying Segment for every $5,000 in net purchases.
- Access online reporting, review business expenses, managing existing credit limits and apply spend controls through the TD Card Management Tool.
- Visa SavingsEdge program: save up to 25% on eligible business purchases.
- Travel benefits: travel medical insurance (up to $2 million in coverage for the first 15 days for those under 65; coverage lasts for 4 days for those 65 and older); common carrier travel accident insurance (up to $500,000 for covered losses), trip cancellation insurance (up to $1,500 per insured person; maximum of $5,000), trip interruption insurance (up to $5,000 per insured person; maximum of $25,000), flight/trip delay insurance (up to $500 if a flight or trip is delayed for longer than 4 hours), delayed and lost baggage insurance (up to $1,000 of overall coverage per insured person), auto rental collision/loss damage insurance (covers the full cost of a car rental for up to 48 days), hotel/motel burglary insurance (up to $2,500), mobile device insurance (up to $1,000 in coverage).
- Toll-free emergency travel assistance services.
- Receive a rebate of up to $100 on NEXUS enrolment application/renewal fee costs once every 48 months.
- Save a minimum of 10% on the lowest available base rates in Canada and the U.S., and a minimum of 5% on the lowest base rates internationally on qualifying car rentals at participating Avis and Budget locations.
- Visa Zero Liability protection, Verified by Visa and instant alerts to prevent fraudulent card use.
- Purchase security and extended warranty protection.
- Minimum credit limit of $1,000.
- Interest rates: 14.99% on purchases, 22.99% on cash advances.
Best for: Aventura points
CIBC Aventura® Visa* Card
![CIBC Aventura® Visa* Card](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2023/02/CIBC-Aventura-Visa.png)
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Annual Fee$0
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash transactions (21.99% in Quebec).
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Rewards Rate0.5x-1x PointsEarn 1 point for every $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores, as well as on travel purchased through the CIBC Rewards Centre. Earn 1 point for every $2 spent on all other purchases.
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Intro OfferUp to 2,500 PointsGet 500 Aventura Points within 60 days of your CIBC Aventura Visa card account approval by completing specific activities. Conditions apply. See more details on the issuer's website.
Flexible travel rewards and easy-to-understand rewards categories makes this no-fee Aventura card is a great starter travel rewards credit card.\
Pros
- Flexible travel rewards that allow you to fly any airline with points that don’t expire.
- No annual fee.
Cons
- Limited insurance and extra perks.
- $0 annual fee.
- Get 500 Aventura Points within 60 days of your CIBC Aventura Visa card account approval by completing specific activities. Conditions apply. See more details on the issuer’s website.
- Earn 1 point for every $1 spent at eligible gas stations, electric vehicle charging stations, grocery stores and drug stores, up to $6,000 annual spend.
- Earn 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre.
- Earn 1 point for every $2 spent on all other purchases.
- Accelerate your savings with up to 10 cents off per litre on gas by linking your Journie Rewards account.
- Redeem Aventura Points to cover full airfare including taxes and fees.
- Visit the CIBC Rewards Centre to redeem your points for hotel stays, vacation packages, cruises, merchandise, gift cards and one-of-a-kind activities.
- Use your Aventura Points to help pay down your credit card balance or contribute them to select financial products.
- Earn 1 Aventura point for every $8.00 spent on a CIBC Global Money Transfer™.
- Card protections include fraud alerts, Visa’s Zero Liability Policy, and a Digital Disputes Platform.
- Insurance included: Auto Rental Collision and Loss Damage Insurance, $100,000 Common Carrier Accident Insurance, and Purchase Security and Extended Protection Insurance.
- Preferred rates: 20.99% on purchases, 22.99% on cash transactions (21.99% in Quebec).
- $15,000 minimum annual household income required.
Best for: USD purchases
Rogers™ Mastercard®
![Rogers™ Mastercard®](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2023/06/Rogers-Mastercard-1-183x290.png)
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Annual Fee$0
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Interest Rates19.99% / 22.99%19.99% on purchases, 22.99% on cash advances and balance transfers.
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Rewards Rate1%-2%For Rogers customers with at least two qualifying Rogers services, get 2% unlimited cash back on all eligible purchases. Otherwise, earn 2% unlimited cash back on US dollar purchases, 1% unlimited cash back on everything else, and a 30% cash-back bonus when redeemed for Rogers’ services.
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Intro OfferUp to $100Earn 10% cash back on eligible purchases for the first three months, up to $1,000 spend.
Rogers customers can find generous rewards with the Rogers Mastercard, which earns qualifying Rogers customers unlimited cash back at an impressive 2% flat rate — all with no annual fee.
Pros
- No annual fee.
- Earn cash back on eligible US dollar purchases.
- Five free roaming days for Rogers customers in up to 185 international destinations.
Cons
- Only Rogers customers can benefit from the full slate of rewards.
- Cash back can only be used toward credit card bill, Rogers bill, Fido bill or chatr bill.
- No annual fee.
- 10% cashback on eligible purchases for the first three months, up to $1,000 spend.
- For Rogers customers with two qualifying Rogers services, earn 2% unlimited cash back on al eligible purchases. Cardholders must have at least one wireless and one home service (internet, TV, home phone, or home monitoring) to qualify.
- For cardholders who don’t have at least two qualifying Rogers services, earn 2% unlimited cash back on US dollar purchases and 1% unlimited cash back on everything else.
- Redeem your cash back for Rogers’ services and earn a 30% cash back bonus.
- Get five free Roam Like Home days in 185 destinations for talk, text and data.
- Pay your bill using your mobile phone device.
- Transaction monitoring and fraud alerts.
- Balance protection insurance helps pay your minimum payment in the event of illness, disability or job loss.
- To apply, you must be the age of majority, be a resident of Canada, and have not filed for bankruptcy in the last seven years or have worked with a trustee under a formal Consumer Proposal.
Best prepaid card
AC™ Conversion Visa* Prepaid Card
![AC™ Conversion Visa* Prepaid Card](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/06/cibc-ac-conversion-visa-prepaid-card-768x484-1-460x290.jpeg)
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Annual Fee$0
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Rewards Rate1%Earn 1% cash back on all of your purchases, less returns and credits in the currency in which the purchase was made, through October 31, 2023.
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Min. Deposit$0No minimum load required.
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Maximum Deposit$20,000The maximum the card can hold is the equivalent of $20,000 CAD in your choice of currencies.
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Intro Offer1% cash backEarn 1% cash back on all of your purchases, less returns and credits in the currency in which the purchase was made, through October 31, 2023.
The AC® Conversion Prepaid Visa Card can carry and spend up to 10 foreign currencies at a time, allowing international students, frequent travellers, and newcomers to Canada to skip the extra conversion fee. As a bonus, cardholders can earn 1% cash back in the foreign currencies they use. Foreign currencies must be purchased in Canadian dollars and are subject to CIBC’s exchange rates.
Pros
- Load up to 10 foreign currencies from 45 countries and skip conversion fees when you make a purchase. Currencies include CAD Canadian dollars, USD U.S. dollars, EUR Euros, GBP British pounds, AUD Australian dollars, JPY Japanese yen, HKD Hong Kong dollars, TRY Turkish lira, CHF Swiss francs, and MXN Mexican pesos.
- You won’t be charged foreign transaction fees, which are typically around 2.5%-3.5%. This means you can save as much as $35 CAD in fees for every $1,000 CAD spent in a preloaded foreign currency.
Cons
- You can’t use this card to transfer money to friends or family.
- General fees and features: There’s no fee to order the card, no fee to load it, and no annual fee.
- Purchases: No fees for CAD purchases and no conversion fees when you make a purchase in one of 10 supported foreign currencies. There’s a 2.5% foreign conversion fee for transactions made in a currency other than the 10 supported currencies. The daily (24-hour) maximum point-of-sale purchase limit is $2,999.99 CAD equivalent.
- Reload methods: To load funds onto your card, use your mobile app or sign onto your account at acconversion.cibc.com. The website also works on your phone or tablet on the go. The maximum load amount for a single transaction is $2,999.99 CAD equivalent.
- Rewards: Earn 1% cash back on all of your purchases, less returns and credits in the currency in which the purchase was made, through October 31, 2023.
- Lock in a great exchange rate each time you load. That means you don’t have to worry about exchange rate fluctuations. Plus, there’s no extra conversion fee.
- Shop with foreign currency on global e-commerce sites.
- Manage your funds from the palm of your hand with the AC conversion App. Reload as you go so you never run out of currency on your trip. Check your balance, keep track of your spending, transfer money from one currency to another, and retrieve your PIN.
- Protected by advanced chip and PIN technology to minimize fraud and theft. It also comes with Emergency Card Replacement Service, Emergency Cash Service and Protection from unauthorized use of cards or account information.
- Sign up for your card online or at a CIBC Banking Centre in Pearson Airport. You don’t need to be a CIBC client to order a card. No credit check is required.
Best for: Flat-rate rewards
CWB World Elite® Mastercard®
![CWB World Elite® Mastercard®](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2023/06/cwb-world-elite.jpeg)
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Annual Fee$120No annual fee for the first year, then $120.Waived first year
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Interest Rates19.99% / 21.50%19.99% on purchases, 21.50% on cash transactions
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Rewards Rate2x-30x PointsEarn 2 reward points on every $1 spent, plus earn up to 30 rewards points on every $1 spent with CWB Rewards partners.
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Intro OfferN/A
The CWB World Elite Mastercard comes with perks travellers will appreciate, like airport lounge access, comprehensive travel insurance and free global Wi-Fi. But steep annual income criteria means not everyone will qualify.
Pros
- Free global Wi-Fi and airport lounge access.
- Robust travel insurance.
Cons
- High annual income and card spending requirements.
- Rewards that are limited by annual spending caps.
- Reward yourself faster by earning 2 points for every $1 spent on your purchases, up to a $25,000 annual spending limit. After that, earn 1 point per $1 spent.
- Earn more with CWB Rewards partners by earning up to 30 rewards points on every $1 spent.
- Redeem CWB Rewards powered by Brim as cash back or to pay for purchases.
- Free Global Wi-Fi access to over 1 million Boingo Wi-Fi hotspots.
- Lounge access, exclusive restaurant offers, airport transfers and security fast track with Mastercard Travel Pass.
- Feel fully protected with 15 types of insurance coverage, including mobile device insurance.
- To be eligible, an $80,000 annual income or $150,000 household income is required.
Best for: Premium travel perks
CIBC Aeroplan® Visa Infinite Privilege Card
![CIBC Aeroplan® Visa Infinite Privilege Card](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/04/CIBC-Aeroplan-Visa-Infinite-Privilege-Card--460x290.jpeg)
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Annual Fee$599Enjoy an annual fee rebate every year for the primary cardholder of up to $139 if you have a CIBC Smart Plus™ Account.Annual fee rebate available
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Interest Rates20.99% / 22.99%20.99% on purchases, 22.99% on cash advances.
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Rewards Rate1.25x-2x Points2x on Air Canada purchases, 1.5x on gas, electric vehicle charging, grocery, travel and dining, and 1.25x on other purchases.
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Intro OfferUp to 90,000 PointsYou’ll receive 20,000 Aeroplan points when you make your first purchase, another 40,000 points if you spend $3,000 or more during your first four monthly statement periods, and 30,000 more points as an additional anniversary bonus. This offer only applies to newly approved card accounts.
The CIBC Aeroplan Visa Infinite Privilege card is loaded with enough attractive features — solid travel perks, an annual Companion Pass, low interest rates on major purchases — to make the high cost of entry worth it for some consumers.
Pros
- A generous introductory offer.
- Lounge access and priority status for you and your fellow travellers can bring comfort and enhanced convenience to a long day of travel.
Cons
- A high annual fee and steep income requirements.
- Qualifying for the annual Companion Pass requires a level of spending some cardholders may not be on board with.
- Intro offer details: You’ll receive 20,000 Aeroplan points when you make your first purchase, another 40,000 points if you spend $3,000 or more during your first four monthly statement periods, and 30,000 more points as an additional anniversary bonus. This offer only applies to newly approved card accounts.
- 2x Aeroplan points on Air Canada purchases, including Air Canada Travel Vacations.
- 1.5x Aeroplan points on gas, electric vehicle charging, groceries, travel and dining, up to annual $100,000 spend.
- 1.25x Aeroplan points on other purchases.
- Earn points twice by providing your Aeroplan number at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore.
- Points can be redeemed for flights, car rentals and hotel stays, as well as complete vacation packages like cruises and all-inclusive resort visits. Points can also be redeemed for gift cards and merchandise sold through the Aeroplan eStore.
- $599 annual fee, which can be reduced by up to $139 each year if you have a CIBC Smart Plus account.
- An annual Worldwide Companion Pass, worth up to $599, to any destination in the world that Air Canada flies when you spend $25,000 on your card.
- Exclusive access to Visa Infinite Luxury Hotel Program, Visa Infinite Dining Series and the Visa Infinite Wine Country Program.
- Reach Aeroplan Elite status sooner by earning 1,000 Status Qualifying miles and one Status Qualifying segment for every $5,000 you spend on eligible purchases.
- Save up to 25% on car rentals at participating Avis and Budget locations.
- Authorized users can access travel benefits when travelling without you by linking their Aeroplan number.
- Access to CIBC Pace It, an installment plan designed to help you pay off large or unexpected purchases over time at a lower interest rate.
- 13 types of insurance provided, including 31-day travel medical benefits (10 days if you’re 65 or older on your departure date) — worth up to $5 million in coverage per insured person.
- Preferred rates: 20.99% for purchases, 22.99% for cash advances.
- To be eligible, $150,000 (individual) or $200,000 (household) annual income is required. You must be a Canadian resident who has reached the age of majority in your province or territory and who hasn’t made a bankruptcy claim in the last seven years.
Best for: WestJet flyers
WestJet RBC World Elite Mastercard
![WestJet RBC World Elite Mastercard](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/07/RBC-West-Jet-World-Elite.jpeg)
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Annual Fee$119
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Interest Rates19.99% / 22.99%19.99% on purchases (20.99% on May 1st), 22.99% on cash advances.
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Rewards Rate1.5%-2%Earn 1.5% back in WestJet dollars for everyday purchases you make on your card⁸. Earn 2% back in WestJet dollars on WestJet flights or WestJet Vacations packages using your card⁸.
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Intro OfferUp to $450Get up to 450 welcome WestJet dollars¹ (a value of up to $450 CAD) when you spend a minimum of $5,000 in the first 3 months on your card¹.
The WestJet RBC World Elite Mastercard provides frequent WestJet flyers with free checked bags, Status Lift benefits, an annual companion voucher, and the ability to earn rewards on travel and everyday purchases.
Pros
- Enjoy an annual World Elite round-trip companion voucher that can be used anywhere WestJet flies.
- Free checked bags for the cardholder and up to eight guests when flying WestJet.
- Status Lift benefits make it easier to get closer to tier status with WestJet.
Cons
- No free airport lounge access, but cardholders will receive a complimentary membership to DragonPass Airport Lounges Program and can access select lounges for US$32 per person, per visit.
- Partner airlines are limited to Delta, Air France, KLM Royal Dutch Airlines and Qantas Airways.
- Intro offer: Get up to 450 welcome WestJet dollars¹ (a value of up to $450 CAD) when you spend a minimum of $5,000 in the first 3 months on your card¹.
- Buy One, Bring One! Get an annual round-trip companion voucher starting from $119 CAD³ (plus taxes, fees and charges) with the WestJet RBC World Elite Mastercard.
- Reach higher with WestJet Rewards Status Lift. Now everyday purchases on the WestJet RBC World Elite Mastercard can bring you closer to achieving status with WestJet5.
- First free checked bags for the primary cardholder on WestJet flights4 and up to 8 guests on the same reservation.
- Earn 1.5% back in WestJet dollars for everyday purchases you make on your card⁸.
- Earn 2% back in WestJet dollars on WestJet flights or WestJet Vacations packages using your card⁸.
- Redeem your WestJet dollars toward all or part of a WestJet flight or WestJet Vacations packages⁹ — no blackout periods and your WestJet dollars don’t expire¹⁰ — to destinations across North America, Central America, the Caribbean and Europe.
- Travel coverage including emergency medical insurance²⁰ as well as trip interruption insurance²¹, hotel burglary¹⁸ and rental car insurance¹⁸. Even eligible purchases you make on the card are protected.
- Link your RBC card with a Petro-Points membership to and instantly save 3₵ per litre on fuel¹² and always earn 20% more Petro-Points¹³ at Petro-Canada.
- Free Boingo Wifi for Mastercard holders¹¹ at over 1 million hot spots.
- Get $0 delivery fees for 12 months from DoorDash^. Add your eligible RBC credit card to your DoorDash account to: Get a 12-month complimentary DashPass subscription± – a value of almost $120. Enjoy unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.
- Eligibility: This card requires a minimum personal income of $80,000 or a minimum household income of $150,000. Must also be a Canadian resident of the age of majority in the province or territory of residence.
- Corresponding legal references and product terms are available on the RBC website, which will be available and agreed upon in the customer onboarding process.
Honourable mention: Business travel card
TD Business Travel Visa* Card
![TD Business Travel Visa* Card](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/08/TD-Business-Travel-Visa.jpg)
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Annual Fee$149Waived first year
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Interest Rates19.99% / 22.99%19.99% on purchases, 22.99% on cash advances.
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Rewards Rate2x-9x Points9x when booking travel online through ExpediaForTD.com, 6x on foreign currency purchases, restaurant purchases and regularly recurring bill payments, and 2x on other eligible business purchases.
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Intro OfferUp to 175,000 PointsEarn up to 175,000 Points: A Welcome Bonus of 30,000 TD Rewards Points when you make your first Purchase. Earn up to 120,000 TD Rewards points when you spend $2,500 in Purchases each month for the first 12 months of Account opening. Plus, earn up to 25,000 TD Rewards points by setting up new regularly recurring bill payments (maximum two). Account must be opened by January 3, 2024.
With its huge welcome offer, high earn rates on travel and foreign currency, and hearty selection of perks and benefits, the TD Business Travel Card is a strong option for businesses of any size.
Pros
- Large intro offer that many established businesses will be able to earn.
- Wide range of travel perks, including a broad selection of insurance, rewards on foreign currency and travel booking, and more.
- Very strong earn rates in certain purchase categories.
Cons
- Smaller businesses may not spend enough to score the full welcome bonus of 150,000 TD Rewards points.
- Lack of flexibility with travel booking, which must be done through ExpediaForTD.com to earn rewards.
- Earn up to 175,000 TD Rewards Points and no Annual Fee in the first year (a value of up to $1, 240). Conditions Apply. Account must be opened by January 3, 2024.
- Earn 9 TD Rewards Points when you book travel online through ExpediaForTD.com using your Card.
- Earn 6 points for every dollar spent on foreign currency purchases, restaurant purchases and regularly recurring bill payments up to a maximum annual spend of $80,000. Earn rate becomes 2 TD Rewards Points per dollar spent after that.
- Earn 2 TD Rewards Points per dollar spent on all other purchases.
- Points can be redeemed for flights, hotels, retail business merchandise, gift cards, while making business purchases at Amazon.ca with Amazon Shop, and more. They can also be used to pay down the card’s balance.
- No travel blackouts, no seat restrictions and no expiry for TD Rewards Points.
- Annual fee: $149 — rebated in the first year.
- Annual fee on additional cards: $49 — rebated for up to three cards in the first year.
- Interest rates: 19.99% on purchases, 22.99% on cash advances.
- Access online reporting, review business expenses, managing existing credit limits and apply spend controls through the TD Card Management Tool.
- Visa SavingsEdge program: save up to 25% on eligible business purchases.
- Travel benefits: travel medical insurance (up to $2 million in coverage for the first 15 days for those under 65; coverage lasts for 4 days for those 65 and older); common carrier travel accident insurance (up to $500,000 for covered losses), trip cancellation insurance (up to $1,500 per insured person; maximum of $5,000), trip interruption insurance (up to $5,000 per insured person; maximum of $25,000), flight/trip delay insurance (up to $500 if a flight or trip is delayed for longer than 4 hours), delayed and lost baggage insurance (up to $1,000 of overall coverage per insured person), auto rental collision/loss damage insurance (covers the full cost of a car rental).
- Toll-free emergency travel assistance services.
- Save a minimum of 10% on the lowest available base rates in Canada and the U.S., and a minimum of 5% on the lowest base rates internationally on qualifying car rentals at participating Avis and Budget locations.
- Visa Zero Liability protection, Verified by Visa and instant alerts to prevent fraudulent card use.
- Access to $5,000 emergency cash advances.
- Linked cards can earn 50% more TD Rewards Points and 50% more Stars at participating Starbucks stores.
- Minimum credit limit of $1,000.
![Ad Icon](https://www.nerdwallet.com/ca/wp-content/uploads/sites/2/2022/01/TD-First-Class-Travel-Visa-Infinite-e1667145706354-768x488-1.jpeg)
TD First Class Travel® Visa Infinite* Card
Earn up to 115,000 TD Rewards Points† plus, first year no Annual Fee for the Primary and Additional Cardholders†. Conditions Apply. Account must be approved by January 3, 2024.
Methodology to choose the best travel credit cards
NerdWallet Canada selects the best travel rewards credit cards based on overall consumer value as well as their suitability for specific kinds of travellers. Factors in our evaluation methodology include each card’s annual fee, foreign transaction fees, rewards earning rates, ease of use, redemption options, domestic and international acceptance, promotional APR period, bonus offers, insurance offers, and cardholder perks such as automatic statement credits and airport lounge access.
Summary of the best travel credit cards
CATEGORY | CARD NAME | ANNUAL FEE | INTRO OFFER |
---|---|---|---|
Best overall travel card. | Scotiabank Platinum American Express® Card | $399 | Up to 60,000 Points |
Best for: Airport lounge access. | The Platinum Card® from American Express | $699 | 80,000 Points |
Best for: Businesses. | TD Aeroplan Visa Business Card | $149 | Up to 65,000 Points |
Best for: Aventura points. | CIBC Aventura® Visa* Card | $0 | Up to 2,500 Points |
Best for: Aeroplan points. | American Express® Aeroplan®* Reserve Card | $599 | Up to 90,000 Points |
Best for: Expedia bookings. | TD First Class Travel® Visa Infinite* Card | $139 | Up to 115,000 Points |
Best for: AIR MILES rewards. | BMO AIR MILES® World Elite® Mastercard® | $120 | 2,000 Miles |
Best for: British Airways flyers. | RBC® British Airways Visa Infinite‡ | $165 | Up to 60,000 Miles |
Best for: Cathay Pacific flyers. | RBC® Cathay Pacific Visa‡ Platinum | $120 | 15,000 Miles |
Best for: WestJet flyers. | WestJet RBC World Elite Mastercard | $119 | Up to $450 |
Best for: NEXUS rebates. | TD® Aeroplan® Visa* Infinite Privilege* Card | $599 | Up to 100,000 Points |
Best for: Hotel rewards. | Marriott Bonvoy™ American Express® Card | $120 | 50,000 Points |
Best prepaid card. | Air Canada AC® Conversion Prepaid Visa Card | $0 | 1% cash back |
Best for: Cash back. | Scotia Momentum Visa Infinite card | $120 | Up to $200 |
Best for: Students. | CIBC Aeroplan Visa Card for Students | $0 | 10,000 Points |
Best for: USD purchases. | Rogers Mastercard | $0 | Up to $100 |
Best for: Flat-rate rewards. | CWB World Elite Mastercard | $120 | N/A |
Best for: Premium travel perks. | CIBC Aeroplan Visa Infinite Privilege Card | $599 | Up to 90,000 Points |
Best for: Rewards on travel spending. | American Express Gold Rewards Card | $250 | Up to 60,000 Points |
Best for: Newcomers to Canada. | Scotiabank Passport Visa Infinite Card | $150 | Up to 35,000 Points |
Honourable mention: Business travel card. | TD Business Travel Visa* Card | $149 | Up to 175,000 Points |
How travel credit cards work in Canada
By Barry Choi and Shannon Terrell
Travel rewards credit cards earn points or miles as a reward for making eligible purchases. The type and rate of rewards you earn depends on the travel credit card you have. Additionally, how you can use those rewards may depend on the loyalty program associated with your card.
Why get a travel credit card?
Travel rewards credit cards account for 22% of credit cards in Canada, according to a 2021 report by Payments Canada. Outside reduced travel costs, travel cards can offer travel insurance, airport lounge access, baggage fee discounts, no foreign transaction fees and more. The right travel credit card can help you plan trips and access upgraded services that may have once been out of reach.
Types of travel credit cards in Canada
Generally speaking, there are three different categories of travel rewards credit cards. Knowing how they differ will help you determine what card is best for you.
General travel rewards credit cards
If you’re not loyal to one specific airline or hotel chain, then a general travel rewards program is something that will interest you. The points you earn can typically be used for any type of travel redemption, such as airfare, hotels, car rentals, cruises, and even vacation packages. Since your points don’t belong to one specific program, you have more options.
Some general travel rewards credit cards only allow you to use your points when booking travel through their online portal, while others let you use your points for any travel purchases you charge to your card.
Airline rewards credit cards
Airline credit cards allow you to earn points or miles for a specific airline. What’s interesting about airline credit cards is that the points you earn can usually be used on any airline that’s part of their network.
For example, Aeroplan is the loyalty program for Air Canada. Even if you don’t have one of the best Aeroplan credit cards, you can redeem your points for a flight on any carrier that’s part of the Star Alliance network. There are also some general travel rewards programs, such as Air Miles, that also earn miles and can offer some additional value.
Depending on the tier of your airline rewards credit card, you may get additional perks such as free checked bags, priority boarding and increased status. Having an airline credit card is highly lucrative if you frequently fly with one airline or network.
Hotel rewards credit cards
While some people love the idea of free flights, getting a luxury stay at a nice hotel appeals to other people. Some would argue that hotel rewards are better than airline rewards since some hotel chains have a greater reach. For example, Marriott has over 7,000 properties in 130+ countries, so no matter where you’re travelling, it won’t be hard to find a room where you can use your points.
Hotel rewards credit cards will also typically include benefits that will make your stay more comfortable. For instance, you could get early check-in and late check-out. You could also get free high speed WiFi or enhanced status.
Additional rewards to look for in a travel card
Besides the main rewards categories that come with travel credit cards, consider the additional perks that are included. These extra perks can often be the thing that helps you choose one card over another.
Consider the following benefits that often come with travel rewards credit cards:
- Free checked bags. Airlines charge anywhere from $30-$60 per checked bag, each way, so getting free checked bags can save you a fair amount of money.
- Airport lounge access. Some credit cards include airport lounge access, plus free annual lounge passes. These benefits could easily have a value of over $300, so it can offset any annual fee you might pay.
- Travel insurance. An extensive travel insurance package is included on some credit cards. This could cover things such as medical expenses, trip cancellation, lost luggage, and more.
- No foreign transaction fees. Many credit cards charge a 2.5% fee when you make a purchase in any currency that’s not Canadian dollars. You simply pay the straight exchange rate if your card has no foreign transaction fees.
- Extended warranty. Many credit cards will lengthen your warranty up to one additional year as long as you charge the full cost of the purchase to your card.
- Price protection. If you find a lower price after making a purchase, some credit cards will give you back the difference if it falls within a specific period.
- Concierge service. A credit card concierge can help you with basic tasks such as booking travel, ordering fits and securing event tickets.
As you can see, the list of additional benefits you can get with your travel rewards credit cards can be pretty extensive. Some of the best travel credit cards in Canada will have many of the above benefits, but not all of them. Always prioritize the perks that are important to you when applying for a credit card.
Travel credit card pros and cons
Pros
- Earn points or miles to reduce travel costs, like discounted flights and hotel stays.
- Get additional perks, like travel insurance, discounted baggage fees, airport lounge access and more.
- Earn introductory bonus points when you sign up for certain travel credit cards.
- Some cards let you transfer points to airline and hotel loyalty programs.
Cons
- Many travel credit cards carry annual fees.
- Blackout periods may restrict when you can redeem your points.
- Introductory bonus offers may require you to spend a large sum of money in a short period of time.
- Some travel rewards points expire if you don’t use them quickly enough.
Using travel rewards
Understanding travel credit card earn rates
The earn rate on a travel credit card is the number of rewards points or miles you earn on each dollar spent.
Some cards offer a flat rate, meaning you earn the same rewards on every purchase. For example, you may earn 2 points for every $1 you spend with your card.
Most rewards credit cards have a tiered rewards structure when making purchases. The type of structure can vary quite a bit between cards. For example, you may have an accelerated earn rate on purchases made in certain categories, such as travel, groceries, gas and drugstores. All other purchases will use the lower base earn rate.
Ideally, you want to choose a credit card with an accelerated earn rate that is aligned with your spending habits.
“You have to make sure the loyalty program is going to let you do what you want,” says Laura Scheck, vice president of credit cards at Scotiabank. “Or else you’ll end up with points that you can’t necessarily use. And no one wants to be in that situation. Points are fun!”
Additionally, travel credit cards may deliver additional points or miles when you make purchases with their main partner, if they have one. For example, an Aeroplan credit card gives you an accelerated earn rate on Air Canada purchases. Some loyalty programs even have a network of partners where you can earn additional points or miles.
How to calculate the value of travel credit card points
Knowing how to calculate the value of your points or miles is essential since not every redemption value is the same. By establishing a baseline value for your points, you can decide if specific redemptions are worth it — even if you’re not getting the maximum value.
The formula used to determine the value of one point is as follows:
Cash value of the redemption x 100 / number of points required = Cost per point
Let’s say you want to fly from Vancouver to Toronto, and it’s going to cost $585 in cash, or 25,000 Aeroplan points, plus $75 in taxes. You would use the following formula. Note that since you have to pay $75 in taxes, you’d have to subtract that amount from the cash value for an accurate assessment.
$510 x 100 / 25,000 = 2.04 cents per point
This formula can be applied to any redemption regardless of the loyalty program. For example, let’s say you want to redeem 13,400 points for a $100 gift card. Your formula would be the following:
$100 x 100 / 13,400 = .75 cents per point
The flight is a better bang for your points if these redemption options are available with the same program.
Do travel rewards points ever expire?
It doesn’t matter how long you’ve been a loyalty program member or how many points you’ve accumulated; you can lose everything if you’re not paying attention.
Generally speaking, most loyalty programs that belong to an airline or hotel have a defined expiry date of 12 – 18 months. However, that only applies if there’s been no account activity in your account during that time. If you earn or redeem just one point during that time, your clock would reset. Even if you’re not travelling anytime soon, you could make a small redemption or donate some points to ensure you don’t lose the rest of your points.
When it comes to bank credit card rewards programs, it’s unlikely your points will expire as long as your credit card account is in good standing. Your account would only fall out of good standing if it becomes delinquent or your credit card is used for fraudulent activity.
How to redeem travel credit card rewards
Some credit card rewards programs only let you redeem points or miles through their rewards portals. Others allow point redemption for any eligible purchase you make with your credit card.
Rewards programs offered through banks typically have their own website where you can make redemptions. They often have separate tabs where you can choose from travel, gift cards, merchandise, and financial rewards. While this can be handy, you’re typically limited to their offerings — what you see is what you get.
Airline and hotel loyalty programs will almost always allow you to redeem your points or miles directly on their website or mobile app. When searching for flights or hotels, you’ll likely see a box that says “use points.” The prices displayed will be in points, so you’ll know exactly how much you’ll need to make a redemption.
Knowing where to go to redeem your points is important, but you may also want to familiarize yourself with the different point redemption systems.
Travel reward point redemption options
Not all rewards programs are created equal, especially when it comes time to cash in your travel points. These three redemption models tend to be the most popular among travel credit cards:
Consistent points
Consistent points hold a constant value, regardless of season or travel destination. This point redemption model is the most transparent and user-friendly of the three.
Fluctuating points
The value of fluctuating points can be impacted by several factors, including travel destination and time of year. A point may carry less value when travelling during peak season instead of in the off-season. This model can make it challenging to determine the value of your points when trip planning. Look for any provider-issued charts or tables that outline what factors impact the value of your points.
Point transfers
Point transfers let you transfer points to affiliated rewards programs. This model may be useful for those trying to take advantage of multiple rewards programs. The catch? The value of your points may be different once they’ve been transferred, which means you’ll need to figure out the transfer ratio before you make a decision.
What to know about credit card travel insurance
For many, travel insurance is essential — especially when venturing outside Canada. While it’s likely the last thing you want to worry about when on vacation, medical emergencies happen. And your federal, provincial and territorial health plans may not cover the medical expenses you incur while travelling. That’s where travel insurance comes in.
Not only does travel insurance help cover medical expenses, it can also offer trip cancellation coverage, vehicle damage insurance, flight delay insurance and more.
You can get travel insurance from a third party, like a travel agent or insurance provider, but many travel credit cards offer it, too — and at no added cost to the cardholder.
Out-of-province travel emergency medical insurance
Travel medical insurance isn’t only for those travelling outside Canada; it can also provide coverage for those exploring another province or territory. Your provincial plan may not extend to emergency medical expenses incurred out of province. Out-of-province medical insurance can provide coverage for a range of medical needs and services, from prescription medication to emergency evacuations and hospital stays.
If your travel card offers out-of-province medical insurance, ask your provider about coverage limitations. Your medical expenses may not be covered if they’re the result of a pre-existing medical condition or high-risk activity, like bungee jumping or motorized racing.
Travel accident insurance
This type of insurance can be useful in the event of accidental injury or death while travelling on public or ticketed transportation, sometimes referred to as a common carrier. Some policies only cover accidents that happen on airplanes while others encompass a wider range of common transports, like trains, ships and buses.
Travel interruption/cancellation insurance
Trip cancellation coverage reimburses non-refundable travel expenses if your trip gets cancelled. Eligible cancellation circumstances may include dangerous weather conditions, pregnancy complications or the death of an immediate family member.
Trip interruption coverage activates once you’ve departed and reimburses non-refundable travel expenses if your trip is cut short. Again, not every circumstance will qualify for trip interruption coverage. Covered reasons for heading home ahead of schedule are often similar to those that qualify for cancellation coverage.
Flight delay insurance
Flight delays are frustrating, but they happen. If your flight is postponed and you need to book a place to stay or grab a bite to eat while you wait, flight delay insurance may reimburse those costs.
Lost/delayed baggage insurance
If your bags are delayed, this type of insurance will cover the cost of essential items you may need to purchase — like clothes or toiletries — while you wait for your bags to arrive. And if your bags are lost outright, you may be covered up to a predetermined amount for your lost property.
Rental car collision/loss damage insurance
If you plan to rent a car on your next trip, collision and damage insurance may come in handy. This insurance covers costs associated with theft or damage to your rental car. But it doesn’t replace liability insurance — the insurance that provides coverage if you injure someone or damage another vehicle on the road.
Your personal auto insurance policy may come with liability insurance that extends to rental vehicles, but contact your insurance provider to confirm you’re covered before you hit the road.
To take advantage of your credit card’s collision and damage insurance, you’ll need to decline coverage offered by your car rental company.
Hotel/motel burglary insurance
If your hotel or motel room is broken into while on the road, this coverage will reimburse you for the loss of stolen goods up to a set amount. Not all stolen items may be eligible for reimbursement.
How to choose the right travel credit card
Every credit card is good for at least one thing, so deciding on which card is best for you can be difficult. Here are some important criteria you can use to compare different travel credit card options.
Welcome bonus
If you’re trying to decide between several travel cards with similar rewards, the tiebreaker can often be the sign up bonus. Some credit cards offer a generous welcome offer that covers the annual fee or jumpstarts your rewards collection with thousands of free points or miles.
Earn rate
Every credit card has a base earn rate, but many of the best travel credit cards in Canada have an increased earn rate for specific bonus categories — like the TD First Class Travel Visa Infinite Card, which offers up to 8x the points per dollar spent on travel through its online Expedia portal.
If you have a general travel credit card, you could earn extra points on categories such as groceries, gas, pharmacies and more, like the Scotiabank Passport Visa Infinite Card, which offers 2x the points on food, drink and groceries. The earn rate is essential since choosing a card that lines up with your spending habits can quickly increase the number of points or miles you earn.
Annual fee
If you’re firmly against paying an annual fee for your credit card, you’ll instantly narrow down your choices. That said, there are some instances where an annual fee is worth the cost. Travel credit cards with a yearly fee typically have more benefits than their fee-free counterparts.
Reward flexibility
Having a lot of points is meaningless if it’s hard to redeem them. Look for a loyalty or rewards program where you know you’ll be able to use your points without much trouble. You’re looking for programs with no blackout dates and multiple redemption options, like the TD Business Travel Visa Card. This card lets you redeem points across various spending categories, including airline tickets, hotel stays and gift cards.
You’ll also want to consider whether the program has any transfer partners, as that’s another way to use your points. Additionally, knowing if and when your points expire is key to ensuring you don’t lose your hard-earned rewards.
Perks and benefits
Besides the type of rewards, welcome bonus and earn rate, additional perks may sweeten the deal and sway your decision.
“Lounge access is always very important,” says Scheck. “It’s nice to have as you’re catching your flight. It’s a little bit quieter — a bit of an oasis from the rest of the airport.”
Another make-or-break consideration? Foreign transaction fees. Scheck says they can really add up, especially if you’re making a lot of transactions while travelling. A card with no transaction fees, like the Scotiabank Gold American Express Card, can help you save in the long run.
Scout for travel card perks when comparing your options:
- Seat upgrades.
- Room upgrades.
- Premium lounge passes.
- Entertainment ticket presale access.
- Car rental discounts.
- Priority check-in and boarding.
- Various types of credit card insurance.
How to apply for a travel rewards credit card in Canada
Make sure you’re eligible
Different travel credit cards have different eligibility criteria, so check whether you meet a card’s requirements before you begin the sign-up process. Here are some general eligibility criteria you may encounter when applying for a travel credit card:
- Canadian resident with a Canadian credit file.
- Age of majority in the province or territory where you live.
- Minimum annual income thresholds.
Fill out the application
When you apply for a credit card, you’re typically able to follow an online application process that can be completed from the card issuer’s website. Here’s a general rundown of the application process:
- Review the card’s details, terms and conditions.
- Enter your personal information, including your full name, date of birth, residential address and mobile phone number.
- Enter your Social Insurance Number.
- Enter your financial information, including your annual income and monthly expenses.
- Verify your identity by submitting photos of your original government-issued ID, like your passport or Driver’s Licence.
- Review the information you’ve supplied and submit your application.
Keep in mind that applying for a credit card may impact your credit score.
Tips to maximize your travel credit card rewards
If you’ve decided that a travel credit card is for you, follow these few tips to ensure you get the most out of your credit card rewards.
- Pay your bills in full and on time, so you don’t pay any interest.
- Make sure you meet the minimum spending requirement to get your welcome bonus.
- Pay attention to your earn rate and use your rewards card on purchases that earn extra points.
- Research your rewards program so you know what you can do with your points or miles.
- Calculate the value of your points before making a redemption.
- See if your loyalty program has a partner network where you can earn additional points.
Although choosing a travel credit card may require you to do some research, the value you get is often worth it. Getting free stuff on points feels great, especially if it’s something you’ve been saving a long time for.
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FAQs for Canada’s Travel Reward Credit Cards
Yes, travel credit card rewards can expire. Most loyalty programs that belong to an airline or hotel have a defined expiry date of 12 – 18 months. However, that only applies if there’s been no account activity in your account during that time. If you earn or redeem just one point during that time, your clock would reset.
When it comes to bank rewards programs, your points may never expire as long as your credit card account is in good standing. Of course, your account would only fall out of good standing if it becomes delinquent or you use your credit card for fraudulent activity.
In most cases, a good credit score — generally 660 to 724 — is required to get the best travel credit cards. However, some secured credit cards and prepaid options offer rewards, and are more suitable for people with lower credit scores.
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