Best flexible credit cards in Canada for 2019 award seal

If you want a card that can be used for several different redemption options or lets you use your points like cash, you're going to want a credit card that has flexible rewards.

Whether you want to use them for travel, statement credits, or even charitable donations, flexible rewards cards put you in charge of what you use your hard earned points on.

These flexible rewards credit cards will also give you:

  • nice sign-up bonuses,
  • comprehensive insurance packages,
  • typically higher reward value than cash back, and
  • rewards that can be redeemed for a number of different things.

Something to keep in mind…while flexible rewards give you a few different redemption options, you need to remember that the value of your rewards can often depend on how you choose to redeem them.

The list we have compiled below is based on the best flexible option for redeeming your rewards.

Some of these cards are even cash back credit cards. We won’t exclude cash back cards from the list because we think cash is a pretty flexible reward too, don’t you?

Best flexible rewards credit card for 2019

The not only offers a lot of points, but many ways you can use them as well.

The best value for your points? The American Express Fixed Points Travel Program. For a set number of points, you'll cover the base airfare for a set distance. Your points are worth up to 2 cents when redeemed this way. Even though you'll still have to pay any taxes and fees for your airfare, this is the best redemption option.

If you don't want to use the Fixed Points Travel Program, you can redeem your points towards a flight including the taxes and fees where each point is worth 1 cent.

If you want a cash statement credit, each point is worth 0.7 cents each.

And, if you choose, you can transfer your points to Marriott Bonvoy at a 5:6 ratio.

As for earning points, you'll get a welcome bonus of 2,500 points for every month you charge $500 to your card in the first 12 months.

Then, earn more points on your spending:

  • 5 points per dollar spent on groceries and dining out,
  • 2 points per $1 spent on gas, travel and transit purchases, and
  • 1 point per $1 spent everywhere else.

All for an annual fee of $120, divided into 12 monthly payments of $10.

Compare Flexible Rewards Credit Cards

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

* Conditions apply.

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