Top Canadian Credit Cards for Travel
Traveling is one of life’s great pleasures, and with the right credit card in your wallet, your journey can be even more rewarding. Whether you’re a frequent flyer or an occasional vacationer, having a travel-friendly credit card can offer you perks like travel insurance, rewards points, and no foreign transaction fees. In this blog, we’ll explore the top Canadian credit cards for travel that can help you make the most of your adventures.
Why a Travel Credit Card?
Travel credit cards are designed to enhance your travel experience. They offer benefits like:
- Reward Points: Earn points on every purchase, which can be redeemed for flights, hotels, and more.
- No Foreign Transaction Fees: Save money when spending in other currencies.
- Travel Insurance: Protect yourself with coverage for trip cancellations, lost luggage, and more.
- Airport Lounge Access: Enjoy comfort and convenience before your flight.
Now, let’s dive into the best options available in Canada.
1. American Express Cobalt Card
The American Express Cobalt Card is a popular choice for Canadians who love to travel. It offers 5 points per dollar spent on groceries and dining, 2 points on travel and transportation, and 1 point on everything else. The points can be transferred to various frequent flyer programs, giving you flexibility in how you use them.
- Annual Fee: $12.99 per month
- Welcome Offer: Earn up to 30,000 points in the first year
- Additional Perks: Includes comprehensive travel insurance, and no foreign transaction fees
This card is ideal for those who spend a lot on food and dining and want to maximize their travel rewards.
2. Scotiabank Gold American Express Card
The Scotiabank Gold American Express Card is another excellent option for travelers. It offers 5 points per dollar spent on groceries, dining, and entertainment, 3 points on gas, transit, and streaming services, and 1 point on everything else. Plus, this card has no foreign transaction fees, making it a great choice for international travel.
- Annual Fee: $120
- Welcome Offer: Earn up to 50,000 points in the first year
- Additional Perks: Access to airport lounges through the Priority Pass program
The Scotiabank Gold American Express Card is perfect for those who want to earn points quickly and enjoy exclusive travel perks.
3. TD First Class Travel Visa Infinite Card
The TD First Class Travel Visa Infinite Card is designed for those who love to travel and want a card that offers flexibility. It provides 3 points per dollar spent on travel through ExpediaForTD.com and 1.5 points on all other purchases. Points can be redeemed for travel expenses or merchandise, giving you the freedom to choose.
- Annual Fee: $139 (Waived for the first year)
- Welcome Offer: Earn up to 80,000 points
- Additional Perks: Includes travel medical insurance, trip cancellation, and interruption insurance
This card is great for those who frequently book travel online and want to accumulate points quickly.
4. RBC Avion Visa Infinite Card
The RBC Avion Visa Infinite Card is a favorite among travelers for its flexible rewards program. It offers 1 point per dollar spent on all purchases, and points can be redeemed for flights, merchandise, and more. The Avion program is known for its easy redemption process and lack of blackout dates.
- Annual Fee: $120
- Welcome Offer: Earn up to 55,000 points
- Additional Perks: Complimentary travel insurance and access to over 1,200 airport lounges worldwide
The RBC Avion Visa Infinite Card is ideal for those who want a straightforward rewards program with no hassles.
5. BMO World Elite Mastercard
The BMO World Elite Mastercard is a top-tier travel credit card that offers a range of benefits. It provides 3 points per dollar spent on travel, dining, and entertainment, and 2 points on all other purchases. The card also includes comprehensive travel insurance, and you can redeem points for flights, hotels, and more.
- Annual Fee: $150 (Waived for the first year)
- Welcome Offer: Earn up to 70,000 points
- Additional Perks: Includes Priority Pass membership with 4 free lounge visits per year
The BMO World Elite Mastercard is an excellent choice for frequent travelers who want premium benefits.
Choosing the Right Travel Credit Card
When selecting the best travel credit card for you, consider the following factors:
- Spending Habits: Choose a card that rewards your most frequent purchases.
- Travel Frequency: If you travel often, look for cards with no foreign transaction fees and comprehensive travel insurance.
- Welcome Offers: Take advantage of cards with strong sign-up bonuses.
- Redemption Flexibility: Ensure the card’s rewards program aligns with your travel goals.
Each of the cards mentioned above offers unique benefits that cater to different types of travelers. Whether you’re looking for luxury perks or straightforward rewards, there’s a Canadian travel credit card that’s perfect for you.
Remember, the best credit card in Canada for travel depends on your individual needs and spending habits. Take the time to compare these options and find the one that will help you travel smarter and more affordably.
Conclusion
Traveling is more enjoyable when you have the right credit card in your pocket. With options like the American Express Cobalt Card, Scotiabank Gold American Express Card, TD First Class Travel Visa Infinite Card, RBC Avion Visa Infinite Card, and BMO World Elite Mastercard, you can find the perfect card to suit your travel style. Make the most of your journeys by choosing a card that rewards you every step of the way.
