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Some of the best overall credit cards in Canada are travel credit cards…and with good reason. Not only are travel rewards
the most lucrative type of rewards out there, but travel credit cards often come with large sign up bonuses, the best
perks and great insurance as well.
However, to say that travel reward point systems can be complex is an understatement…so, that is where we come in.
Our comparison engine removes the tedious guesswork and reading of the fine print, and takes 50+ features of each credit
card into account to give them a Genius Rating out of 5. This way, you can find the best travel credit card for you,
with the least hassle possible.
If you want the best travel credit cards in Canada, paying an annual fee is pretty much a given. The top 10 range from
$75 to $399 annually – which covers the valuable rewards, best in class insurance coverage and
drool-worthy perks like:
And we’re just scratching the surface.
If you are someone who loves to eat out, go to the bar, or host fancy dinner parties, a card like the
American Express Cobalt Card could be the right card for you. Why? Because this card gives cardholders the
highest earn rate in Canada on groceries, restaurants and bars – a whopping
5 points for every $1 spent.
Plus, you will earn 2 points on all of your travel with this card. So whether you’re jet setting across the country,
taking transit to save money (and the planet) or catching a taxi cab after a night out with friends, this card will
have you raking in the rewards in no time.
It doesn’t stop there though. The Cobalt comes out on top in a whopping 4 of our best credit card categories:
Read our detailed review to find out why:
American Express Gold Rewards Card doesn’t reward you with
Aeroplan miles directly, if you’re willing to convert your American Express Membership Rewards points to Aeroplan
miles (which is a pretty simple process) at a 1:1 ratio – then this card comes out on top as the
best Aeroplan credit card in Canada.
With the ability to earn 2 points for every $1 spent on gas, groceries, at drugstores and on travel purchases, this card
will have you earning miles fast. Plus, the major
sign up bonus of 25,000 points will definitely start you off on the right foot. That’s a free flight anywhere
in Canada and Mainland USA right there.
Add to that the fact that this card has no minimum income requirement and there are 10 types of purchase and travel insurance
and it’s easy to see why it winds up in our #2 spot.
TD Aeroplan Visa Infinite Card seems to be a
favorite among Canadian credit card holders and at a quick glance it is pretty easy to see why.
It starts you off with a solid
15,000 Aeroplan mile welcome bonus – and then allows you to earn 1.5 miles on every dollar spent on gas, groceries,
and drugstore purchases and 1 mile on every other dollar spent.
But where this card really shines is with those “extras”:
Find out more here:
Travel credit cards often come with a higher price tag because of all the amazing perks you get with them, but that doesn’t
no fee travel cards don’t exist. However, our rule of thumb is if you spend more than $1,500 a month on your credit
card, you should be able to reap a net positive rewards return using a card with an annual fee.
So, why not make it the best one?
And now for a quick recap. We included the average return on spending in rewards you can expect to get (assuming a reasonably
optimal redemption), as well as some notable features. Here are the Top 5 travel credit cards in Canada, head to head: