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HomeMoney SavingThe most effective journey bank cards in Canada for October 2023

The most effective journey bank cards in Canada for October 2023


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Why belief us

MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial workforce of skilled journalists works intently with main private finance consultants in Canada. That can assist you discover the most effective monetary merchandise, we evaluate the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Be taught extra about our promoting and trusted companions.

Canada’s finest journey bank cards

journey bank card could make your journey extra inexpensive, extra comfy and much more safe. There are quite a few playing cards to select from, however you will get the most effective worth by deciding on one which pairs a robust earn price for rewards or money again together with perks like lounge entry, journey credit or rebates, superior insurance coverage protection and the pliability to switch factors between playing cards. In the end, select your card based mostly the way you prefer to journey, your spending and bank card habits and journey perks that suit your way of life. That can assist you decide the proper card, we’ve give you an inventory of Canada’s finest journey bank cards.


Our picks for the 11 finest journey bank cards in Canada


Finest journey rewards bank cards

American Specific Cobalt*

amex-cobalt-review

At a look: American Specific Cobalt gives aggressive earn charges throughout the board, however its most attention-grabbing function is simply how broad its spending classes are. Cardholders can reap the benefits of accelerated charges on extra of their purchases. Robust journey insurance coverage, new cellular system insurance coverage, and accomplice perks like bonuses when reserving with The Lodge Assortment make this a journey card price contemplating.

  • Annual payment: $156
  • Earn price: 5 factors per $1 spent on meals and drinks, 3 factors on streaming providers, 2 factors on journey and transit, and 1 level on all the pieces else. Earn a further level for lodge bookings and automotive leases when utilizing Amex Journey On-line.
  • Level worth: 1 Amex Membership Rewards level = $0.01 when redeemed with the Versatile Factors Journey Program, $0.015 on common with the Mounted Factors Journey Program, and as much as $0.02 with airline factors transfers
  • Welcome supply: You may earn 2,500 factors for every month you spend $500, as much as a most of 30,000 factors.
  • Rates of interest: 20.99% on purchases, 21.99% on money advances
  • Annual revenue necessities: None
  • Journey perks: Journey insurance coverage, together with as much as $5,000,000 in emergency medical bills and $250,000 in journey accident, flight and baggage delay, misplaced or stolen baggage, lodge housebreaking, and automotive rental theft or injury protection; means to switch factors to a number of frequent flyer and different loyalty applications at a price of 1 to at least one; entry to the Amex Mounted Factors Journey program, which helps you to maximize your factors on round-trip flights; advantages like lodge credit and room upgrades whenever you e-book with The Lodge Assortment

Execs:

  • New members can earn as much as 30,000 membership rewards factors within the first 12 months.
  • Excellent 5 factors per $1 earn price on meals and drinks applies to grocery shops, bars and meals supply providers, in addition to eating places.
  • The journey spending class is as expansive and consists of flights, lodges and holidays, in addition to gasoline, public transportation, taxis and rideshare. 
  • Features a strong journey insurance coverage bundle with as much as $5,000,000 in emergency medical bills.

Cons:

  • Journey insurance coverage bundle doesn’t cowl journey cancellation. 
  • Though it’s billed month-to-month somewhat than yearly, this card’s annual payment comes out to $155.88, which is barely increased than different related playing cards.
  • As an American Specific card, this card is much less broadly accepted than Mastercard or Visa.

Additionally take into account: Scotiabank Gold American Specific*

Scotiabank Gold American Express

At a look: Its earn price construction has undergone some main modifications in 2022, because of Scotiabank and Cineplex’s new partnership with Sobeys. That makes this in style journey rewards card much more profitable for Canadians who store at Sobeys and its associated shops. And the addition of cellular system insurance coverage is a welcomed replace. 

  • Annual payment: $120 (waived for the primary 12 months)
  • Earn price: 6 Scene+ factors for every $1 spent at Sobeys accomplice shops; 5 factors for purchases at different grocery shops and on eating and leisure; 3 factors on gasoline, public transit, and choose streaming providers; 1 level on all the pieces else
  • Level worth: 1 Scene+ level = $0.01 when redeemed for journey, retailer purchases and foods and drinks at Cineplex and Scene companions.
  • Welcome supply: You may earn as much as $650 in worth within the first 12 months, together with as much as 40,000 bonus Scene+ factors. Should apply by October 31, 2023.
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $12,000 
  • Journey perks: Features a journey insurance coverage bundle with journey emergency medical, journey cancellation and journey interruption, flight delay, delayed and misplaced baggage, and customary service journey accident safety; plus, rental automotive collision and loss injury, and lodge and motel housebreaking protection; means to e-book with any airline; entry to the Scotia Rewards Journey portal; no overseas foreign money conversion payment

Execs:

  • This card already had a very good accelerated factors program, however with the brand new partnership with Sobeys, cardholders can now earn 6 Scene+ factors for every $1 spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Meals, IGA West, Les Marchés Custom, Rachelle Béry and Co-Op.
  • Cardholders can nonetheless earn huge with an accelerated price of 5X on different groceries, eating places, meals supply bins, and leisure, and 3X on gasoline, transportation and streaming providers like Netflix.
  • As much as $1,000 in new cellular system insurance coverage is now included whenever you purchase your system utilizing the cardboard.
  • Whenever you make a purchase order in a overseas foreign money, together with when procuring on-line and when travelling overseas, you don’t pay the two.5% overseas transaction payment. Solely the trade price applies.

Cons:

  • There’s a cap on the purchases eligible to earn the accelerated 6X, 5X and 3X earn charges. These charges apply to the primary $50,000 in purchases yearly; after that, you earn 1X the factors. 
  • As an American Specific card, this card is much less broadly accepted than Mastercard or Visa.

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Finest no payment card for journey

MBNA Rewards Platinum Plus Mastercard*

At a look: This card allows you to earn MBNA rewards, which you’ll redeem for journey at a price of 100 factors per $1, and can be utilized on any airline. A no-fee card, the MBNA Rewards Platinum Plus Mastercard will attraction to Canadians who don’t wish to pay to earn rewards. However the relative lack in extras like journey insurance coverage means it falls wanting a full-service bank card. A strong welcome supply makes for a tempting supply.

  • Annual payment: $0
  • Earn price: Earn 4 factors on each $1 spent on eating places, grocery, digital media, membership and family utilities through the first 90 days. After that, earn 2 factors for each $1 spent on restaurant, grocery, digital media, membership and family utility purchases, and 1 level on all the pieces else 
  • Level worth: 1 MBNA Rewards level = $0.01 when redeemed for journey.
  • Welcome supply: You may earn 10,000 bonus factors ($50 in money again worth) (Not accessible for residents of Quebec.)
  • Rates of interest: 19.99% on purchases, 24.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: None
  • Journey perks: Redeem 100 factors for $1 in journey; use MBNA factors to e-book journey on any airline; save with Avis and Funds leases.

Execs:

  • Stand up to 10,000 bonus factors (price $50) as a part of the welcome supply.
  • Earn journey rewards with out paying an annual payment.
  • Obtain as much as 10,000 birthday bonus factors yearly.
  • Contains as much as $1,000 in new cellular system protection for loss, theft, unintentional injury or mechanical breakdown.

Cons:

  • Rewards are capped yearly at a most of $5,000 per class. Spends past that earn on the base price of 1 level per $1 spent.
  • Doesn’t embody journey emergency medical insurance coverage.

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Finest Visa bank card for journey

TD First Class Journey Visa Infinite Card*

TD First class Travel Visa Infinite

At a look: When utilized in live performance with the Expedia for TD website, the TD First Class Journey Visa Infinite card can assist you rack up main journey factors that may be redeemed merely and simply for a variety of journey rewards. This program retains it easy with no blackout dates, no seat restrictions and no expiry to your factors.

  • Annual payment: $139 (first 12 months annual payment rebate, situations apply)
  • Earn price: 8 factors per $1 for flights booked on-line by Expedia For TD and charged to your account; 6 Factors per $1 on groceries & eating places; 4 factors per $1 spent on recurring payments; 2 factors per $1 spent on all the pieces else
  • Level worth: 1 TD Rewards level = $0.005 when redeemed for journey through Expedia For TD or $0.004 when redeemed by different suppliers and web sites.
  • Welcome supply: You may earn as much as 115,000 TD Rewards factors. Circumstances apply. Account should be authorized by January 3, 2024. Plus, get an annual birthday bonus of 10% of your earlier 12 months’s factors (as much as 10,000 factors).
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $60,000 or family revenue of $100,000 
  • Journey perks: Entry to Expedia for TD website; journey insurance coverage together with journey medical, journey cancellation or interruption, journey accident and automotive rental loss or collision; Precedence Move membership low cost; financial savings with Avis and Funds automotive leases

Execs:

  • With the welcome supply, earn as much as 115,000 TD Rewards factors. Circumstances apply. Account should be authorized by January 3, 2024. and get a primary 12 months annual payment rebate.
  • You should utilize the Expedia for TD website to e-book an enormous vary of journey merchandise like flights, lodges, automotive leases and holidays with entry to all the pieces Expedia gives. 
  • No blackout dates or seat restrictions, and factors by no means expire.
  • Contains journey insurance coverage and a reduction on Precedence Move membership.

Cons:

  • The minimal private revenue requirement of $60,000 (or $100,000 for the family) isn’t accessible to everybody.
  • Whereas journey spending is incentivized, different frequent spending classes like groceries and gasoline earn at excessive charges.

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Additionally take into account: BMO eclipse Visa Infinite*

At a look: The BMO eclipse Visa Infinite gives a excessive 5X earn price on eating, groceries and journey which works out to a return of three.5% again in factors in these classes. The annual $50 “way of life credit score” offsets the $120 annual payment.

  • Annual payment: $120 (waived for the primary 12 months)
  • Earn price: 5 BMO Rewards factors per $1 spent on eating, groceries, gasoline and transit; 1 level per on all the pieces else
  • Level worth: 1 BMO Rewards level = $0.0067 when redeemed for journey.
  • Welcome supply: You may earn as much as 70,000 factors ($467 worth), 5 occasions the factors on gasoline, eating, groceries and transit for the primary 12 months, and 10% extra factors whenever you add a licensed consumer. Additionally, earn a $50 way of life credit score.
  • Rates of interest: 20.99% on purchases, 23.99% on money advances (21.99% for Quebec residents), 23.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $60,000 or family revenue of $100,000
  • Journey perks: $500,000 of journey accident insurance coverage; automotive rental theft and injury safety; entry to Visa Infinite perks

Execs:

  • With the welcome supply, you may earn as much as 70,000 factors (price $467 in journey rewards), and the $120 annual payment waived within the first 12 months.
  • Each January, obtain a $50 “way of life credit score” for use as you want.
  • Contains as much as $1,000 in new cellular system insurance coverage. 

Cons:

  • The journey insurance coverage bundle is restricted and doesn’t embody flight cancellation or delay, baggage loss or injury, journey emergency medical or lodge housebreaking safety.
  • The accelerated earn price is simply accessible for a handful of spending classes.

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Finest Mastercard bank card for journey

BMO Ascend World Elite Mastercard*

At a look: With a tempting welcome bonus and robust earn charges on journey, the BMO Ascend World Elite Mastercard gives alternative to these searching for a journey Mastercard. Perks like Mastercard Journey Move and BMO Concierge are good extras.

  • Annual payment: $150 (waived for the primary 12 months)
  • Earn price: 5 factors per $1 on journey, 3 factors per $1 on eating and leisure, 1 level per $1 on all the pieces else
  • Level worth: 1 BMO Rewards level = $0.0067 when redeemed for journey.
  • Welcome supply: You may earn as much as 70,000 factors and the annual payment waived within the first 12 months for each the first cardholder and licensed customers.
  • Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $80,000 or family revenue of $150,000 
  • Journey perks: Contains BMO World Elite journey and medical safety; Mastercard Journey Move supplied by DragonPass, with 4 annual complimentary passes; BMO concierge service

Execs:

  • With the welcome bonus for brand new cardholders, you may earn as much as 70,000 factors and get the annual payment waived within the first 12 months for you and extra customers.
  • Contains journey and medical insurance coverage.
  • Contains 4 complimentary airport lounge passes yearly.

Cons:

  • Accelerated factors accessible solely in choose classes.
  • Minimal revenue requirement will put this card out of attain for some.

Additionally take into account: Nationwide Financial institution World Elite Mastercard*

Image of National Bank World Elite Mastercard

At a look: The Nationwide Financial institution World Elite Mastercard is most notable for its complete journey and medical insurance coverage that covers most occasions and, not like many plans, extends to travellers over the age of 65. The annual journey refund and limitless entry to the lounge at Montreal’s Trudeau Airport make this a card to contemplate.

  • Annual payment: $150 (waived for the primary 12 months)
  • Earn price: 5 factors per $1 on groceries and eating places; 2 factors on gasoline and electrical automobile charging, recurring funds, and Nationwide Financial institution of Canada’s À la carte Journey program; 1 level on all the pieces else
  • Level worth: 1 Nationwide Financial institution Rewards level = $0.01 when redeemed for journey.
  • Welcome supply: This card doesn’t have a welcome bonus presently.
  • Rates of interest: 20.99% on purchases, 22.49% on money advances, 22.49% on steadiness transfers
  • Annual revenue necessities: Private revenue of $80,000 or family revenue of $150,000 
  • Journey perks: Contains complete journey and medical insurance coverage; as much as a $150 refund yearly in your journey bills like seat choice and airport parking; limitless entry to the Nationwide Financial institution Lounge at Montréal-Trudeau Airport

Execs:

  • Contains a unprecedented journey and medical insurance coverage bundle that covers most travellers, even these over the age of 65
  • Obtain an annual refund of as much as $150 on journey bills
  • Contains as much as $1,000 in new cellular system insurance coverage to cowl for unintentional breaks, loss or theft.

Cons:

  • The highest-tier rewards charges of 5 factors per $1 spent applies solely to groceries and eating places however to not different frequent spending classes.
  • There’s a month-to-month restrict of $2,500 for accelerated charges. So, each extra greenback spent earns the bottom price of 1 level per $1.
  • Minimal revenue necessities will put this card out of attain for some Canadians.

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Finest bank card for Air Canada

TD Aeroplan Visa Infinite*

At a look: Linked to Air Canada’s Aeroplan program, the TD Aeroplan Visa Infinite gives stable journey perks that may attraction to those that journey continuously with the airline together with a robust insurance coverage bundle and reductions. The power to share factors will attraction to households. 

  • Annual payment: $139
  • Earn price: 1.5 Aeroplan factors per $1 spent on gasoline, groceries and direct by Air Canada purchases (together with holidays); 1 Aeroplan level per $1 on all the pieces else
  • Level worth: Aeroplan factors are price $0.02 on common.
  • Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $60,000 or family revenue of $100,000
  • Welcome supply: You may earn as much as 35,000 Aeroplan factors. Circumstances apply. Account should be authorized by January 3, 2024. Plus, as anniversary bonus, earn 15,000 Aeroplan factors whenever you spend not less than $7,500 inside 12 months of opening the account.
  • Journey perks: Journey insurance coverage together with as much as $2 million in journey medical for the primary 21 days of your journey, journey cancellation/interruption, flight/journey delay, misplaced or delayed baggage, frequent service journey accident, and lodge/motel housebreaking safety; auto rental collision/loss injury insurance coverage; as much as $100 rebate on Nexus software payment; free first checked bag for cardholder and travelling companions; financial savings with Funds and Avis; Visa Infinite advantages

Execs:

  • Beneficiant welcome bonus—earn as much as 35,000 Aeroplan factors. Circumstances apply. Account should be authorized by January 3, 2024.
  • Each seat is out there for redemption with no seat restrictions or service surcharges.
  • Free first checked bag for major cardholder and as much as eight journey companions travelling on the identical reservation journey originates on an Air Canada flight.
  • Share your Aeroplan factors with as much as eight members of the family and factors by no means expire.

Cons:

  • The earn price may very well be stronger in additional spending classes.
  • It may be difficult to determine the purpose values. You’ll must seek the advice of Aeroplan’s dynamic redemption chart, because the variety of factors required for a free flight is dependent upon dates and vacation spot.

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Finest bank card for WestJet

WestJet RBC World Elite Mastercard 

At a look: When you journey usually with WestJet, this card is unquestionably one to contemplate. You’ll earn WestJet {dollars} with each buy, which might be redeemed for WestJet flights or trip packages. Plus have entry to beneficial perks like free checked baggage, airport lounge entry and a companion voucher yearly.

  • Annual payment: $119
  • Earn price: 2% again in WestJet {dollars} on WestJet flights and holidays packages and 1.5% again on all different purchases
  • Level worth: 11 WestJet Greenback = $1 CAD when redeemed for eligible flights or trip packages.
  • Welcome supply: You may earn as much as 450 welcome WestJet {dollars} (a price of as much as $450 CAD) whenever you spend a minimal of $5,000 within the first 3 months in your card.
  • Rates of interest: 20.99% on purchases, 22.99% on money advances
  • Annual revenue necessities: Private revenue of $80,000 or family revenue of $150,000
  • Journey perks: Journey insurance coverage together with out-of-province/out-of-country journey medical, journey interruption, flight delay, journey accident, and lodge/motel housebreaking safety; auto rental collision/loss injury protection; annual companion voucher accessible; free checked baggage for major cardholder and as much as eight journey companions; Dragonpass airport lounge entry; free Boingo Wi-Fi; gas financial savings with Petro Canada

Execs:

  • With the welcome bonus, rise up to 450 WestJet {dollars}. 
  • Helpful annual companion voucher begins at $119—or, commerce it in for 4 lounge vouchers.
  • Take pleasure in free checked baggage for the first cardholder and as much as eight journey companions.

Cons:

  • The minimal revenue necessities will put this card out of attain for some.
  • You’re restricted to WestJet flights and holidays for redemptions. If you’re an avid shopper or spend extra in different classes moreover journey, this might not be the only option for you.

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Finest bank card with no overseas transaction charges

Scotiabank Passport Visa Infinite*

Scotia Passport Visa Infinite

At a look: The Scotiabank Passport Visa Infinite card comes with beneficial journey advantages like journey insurance coverage, airport lounge entry with six free visits yearly, and the power to redeem Scene+ factors for journey. You’ll additionally save 2.5% on purchases in a overseas foreign money as a result of the cardboard doesn’t cost overseas trade charges.

  • Annual payment: $150
  • Earn price: 3 Scene+ factors on each $1 spent at Sobeys shops; 2 Scene+ factors per $1 spent on grocery shops, eating, leisure and transit purchases; 1 Scene+ level on all different purchases
  • Level worth: 1 Scene+ level = $0.01 when redeemed for journey, retailer purchases and foods and drinks at Cineplex and Scene companions.
  • Welcome supply: You may earn as much as $1,100+ in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. Provide ends 31 October 2023.
  • Rates of interest: 20.99% on purchases, 22.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $60,000 or family revenue of $100,000
  • Journey perks: Journey emergency medical insurance coverage (beneath age 65 for as much as 25 consecutive days, and for eligible individuals age 65 and older for as much as 10 days); protection for journey cancellation/journey interruption, flight delay, delayed and misplaced baggage, journey accident, rental automotive collision loss/injury protection and lodge/motel housebreaking insurance coverage; airport lounge entry with six free lounge passes yearly; no overseas transaction charges

Execs:

  • Comes with a beneficiant welcome supply of as much as 35,000 Scene+ factors. First, earn 25,000 factors whenever you spend $1,000 in on a regular basis purchases within the first 3 months. Then, get one other 10,000 factors whenever you spend $40,000 on on a regular basis purchases within the first 12 months. 
  • By way of a brand new partnership with Sobeys shops, cardmembers will earn 3 Scene+ factors per $1 spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Meals, IGA West, Les Marchés TradItIon, Rachelle Béry and Co-Op.
  • As this card fees no overseas trade charges, it’s a wonderful choice for purchases in one other foreign money.

Cons:

  • In October 2022, the annual payment elevated from $139 to $150, or from $69 to $75 for individuals who have the Scotia Whole Fairness Plan (STEP). 
  • The minimal revenue requirement places this card out of attain for some.

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Finest lodge bank card for journey

Marriott Bonvoy American Specific*

At a look: Travellers who e-book services within the Marriott Bonvoy household ought to take into account this card, which rewards their loyalty lavishly. Along with a hefty 5 factors per $1 spent at Marriott properties, this card will get you 15 Elite Night time credit yearly, plus an annual night time lodge keep free of charge. The factors are versatile and might be transferred to greater than 40 airline applications, together with Aeroplan.

  • Annual payment: $120
  • Earn price: Earn 5 factors for each $1 spent at Marriott properties and a couple of factors per $1 in every single place else
  • Level worth: 1 Marriott Bonvoy level = $0.0117 on common when redeemed for eligible flights or lodge stays.
  • Welcome supply: You may Earn 50,000 Marriott Bonvoy factors after you cost $1,500 in purchases to your Card in your first three months of Cardmembership.
  • Rates of interest: 20.99% on purchases, 21.99% on money advances
  • Annual revenue necessities: None
  • Journey perks: Contains $500,000 in journey accident protection; flight and baggage delay safety; automotive rental theft and injury safety; lodge/motel housebreaking insurance coverage; cardholders have the power to switch factors to over 40 airways; one free lodge keep per 12 months; 15 Elite Night time credit every year to make use of in the direction of attaining the following degree of Elite standing

Execs:

  • Versatile factors might be redeemed free of charge lodge stays at greater than 7,000 lodges worldwide, together with at Marriott, Delta, Ritz-Carlton, Courtyard properties and extra.
  • Cardholders can switch their factors to greater than 40 airline applications, together with Aeroplan. 
  • Cardholders get a free annual lodge keep.

Cons:

  • The included journey insurance coverage lacks journey medical protection.
  • As an American Specific card, it’s not as broadly accepted as Visa or Mastercard.

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Finest bank card for journey insurance coverage

Nationwide Financial institution World Elite Mastercard*

At a look: The Nationwide Financial institution World Elite Mastercard has among the finest suites of included journey insurance coverage round, particularly for the hard-to-insure older traveller. Different journey advantages like VIP lounge entry at Montréal-Trudeau Worldwide Airport, and as much as $150 in journey rebate yearly makes this a stand-out.

  • Annual payment: $150
  • Earn price: Earn as much as 5 factors per $1 on grocery and restaurant purchases;
    2 factors on gasoline, electrical automobile fees and recurring payments; 1 level on all the pieces else.
  • Level worth: 1 Nationwide Financial institution Rewards level = $0.01 when redeemed for journey.
  • Welcome supply: This card doesn’t have a welcome bonus presently.
  • Rates of interest: 20.99% on purchases, 22.49% on money advances, 22.49% on steadiness transfers
  • Annual revenue necessities: Private revenue of $80,000 or family revenue of $150,000 
  • Journey perks: Contains complete journey insurance coverage protection for as much as 60 days; out-of-province-of-residence medical/hospital insurance coverage, departure flight delay insurance coverage, baggage insurance coverage in case of delay, theft or loss; and automobile rental insurance coverage; VIP entry on the Nationwide Financial institution Lounge at Montréal-Trudeau Airport; as much as $150 every year in refund for journey bills on airport parking, seat choice, check-in charges, airline ticket upgrades and entry to airport lounges worldwide

Execs:

  • Wonderful journey insurance coverage protection, notably for travellers between the ages of 65 and 75. 
  • Contains as much as $1,000 in new cellular system insurance coverage that protects in opposition to unintentional breakage, loss or theft.
  • Get a refund of as much as $150 yearly for journey bills like airport parking and check-in charges. 

Cons:

  • There’s a month-to-month cap of $2,500 in spending for bonus factors. Purchases above this threshold earn at a price of two factors per $1 spent. 
  • The revenue necessities could put this card out of attain for some.

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Finest no payment card for journey insurance coverage 

Rogers World Elite Mastercard

At a look: For individuals who need stable journey insurance coverage with out having to fork out an annual payment, the Rogers World Elite Mastercard is a wonderful selection. Different travel-related perks embody airport lounge entry, free Boingo Wi-Fi, and money again rewards. This card may also attraction to those that desire money again over level reward applications.

  • Annual payment: None
  • Earn price: 1.5% money again on all purchases; 3% money again on all U.S.-dollar purchases
  • Welcome supply: Earn $25 money again whenever you make your first buy inside three months of getting the cardboard.
  • Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: Credit score approval, plus private revenue of $80,000 or family revenue of $150,000
  • Journey perks: Contains out-of-province/out-of-country emergency medical insurance coverage; journey cancellation/interruption safety; rental automotive collision/injury protection; entry to over 1,300 airport lounges with Mastercard Journey Move from DragonPass

Execs:

  • Though not a card with out overseas trade charges, you’ll get 3% again on purchases made in American {dollars}, which can greater than offset foreign-exchange charges (sometimes 2.5% on purchases).
  • New members get a $25 bonus utilized to their account on making their first buy with the cardboard.

Cons:

  • To keep up eligibility, you will need to have an annual spend of $15,000 every year.
  • The minimal revenue necessities and want for credit score approval put this card out of attain for some.

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Finest bank card for incomes Air Miles

BMO Air Miles World Elite Mastercard*

At a look: The BMO Air Miles World Elite Mastercard is a beneficial instrument for the Air Miles collector, providing a minimal of 1 Mile per $1 spent and the power to “double dip” at sponsor areas, which can assist increase your steadiness shortly. Cardholders can e-book one Air Miles flight yearly utilizing 25% fewer Miles, and get Onyx collector standing, which helps you to use fewer Miles for flights and merchandise. For these travelling continuously with Air Miles, this card is an efficient selection.

  • Annual payment: $120 (waived for the primary 12 months)
  • Earn price: Get 3 Miles for each $12 spent at taking part companions, 2 Miles for each $12 spent at any eligible grocery retailer, and 1 Mile for each $12 spent in every single place else
  • Level worth: 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105
  • Welcome supply: You may earn 3,000 AIR MILES Bonus Miles and we’ll waive the $120 annual payment for the primary 12 months.
  • Rates of interest: 20.99% on purchases, 23.99% on money advances, 22.99% on steadiness transfers
  • Annual revenue necessities: Private revenue of $80,000 or family revenue of $150,000
  • Journey perks: World Elite journey and medical safety that features journey cancellation, 15 days of out-of-province/out-of-country emergency medical advantages as much as $5 million, and collision injury waiver advantages on rental vehicles; complimentary membership in Mastercard Journey Move supplied by DragonPass.

Execs:

  • Comes with a stable welcome supply of three,000 Air Miles (a price of $310 in Air Miles money) and the waiving of the annual payment for the primary 12 months (a price of $120).
  • Use fewer Miles with an unique 25% low cost on one worldwide flight redemption per calendar 12 months.
  • You may “double dip” Miles whenever you make purchases at sponsor areas.

Cons:

  • You’re restricted to the Air Miles program. 
  • Earnings necessities put this card out of attain for some.

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Our methodology: How we decide the most effective playing cards

The MoneySense editorial workforce selects the most effective bank cards by assessing the worth they supply to Canadians throughout varied classes. Our greatest journey bank cards rating relies on an intensive record of card particulars and options—with a deal with what issues to travellers—together with annual charges, rates of interest, welcome gives, rewards earn charges and redemption choices, annual revenue necessities, and journey perks resembling insurance coverage protection, reductions and airport lounge entry. We have now additionally thought-about the professionals and cons of every card that will help you decide which of them finest fit your monetary wants. Our rankings are an unbiased supply of knowledge for Canadians. The addition of hyperlinks from affiliate companions has no bearing on the outcomes. Learn extra about how MoneySense makes cash.

Continuously requested questions

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Several types of journey bank cards 

Generic journey rewards bank cards

Some bank cards give you the power to earn rewards on on a regular basis purchases and different buy classes, which might be redeemed in the direction of all kinds of issues, together with journey. This implies you aren’t essentially restricted to reserving by sure airways when redeeming your factors on flights. You may additionally have the ability to switch your bank card factors to an airline rewards program, resembling with the American Specific Cobalt.

Airline rewards bank cards

Some journey bank cards supply rewards with particular airways the place your factors’ redemption values could fluctuate, such because the TD Aeroplan Visa Infinite card. Whenever you accumulate sufficient factors, you may e-book a flight or trip bundle with affiliated airways like WestJet or Air Canada. Take into accout although that the worth of your factors can rely on the date of your flight and your vacation spot. 

Lodge rewards bank cards

Lodge rewards bank cards give you the power to redeem your factors in the direction of a lodge keep, and to earn factors whenever you e-book at affiliated lodges like Marriott or Delta, or earn perks resembling room upgrades or free breakfasts whenever you e-book eligible lodge stays. When you continuously e-book lodges for work or journey, take into account a lodge rewards bank card just like the Marriott Bonvoy American Specific.

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Journey bank card options 

Some necessary options to look out for in journey bank cards, moreover factors worth and your reserving redemption choices (flights, lodges, vehicles), embody: 

Whether or not the cardboard fees you overseas transaction charges when you are overseas, on prime of normal trade charges. These charges might be as excessive as an added 2.5% on each buy.

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What journey factors program is finest?

Not all journey reward applications are created equal. So how do you select the best one for you? 

First, it’s necessary to know that journey rewards applications might be damaged down into two fundamental varieties: Constant and chart-based. Learn extra about these beneath “continuously requested questions” above. 

It’s price noting that in uncommon instances, just like the American Specific Membership Rewards Program, you would possibly get to decide on to redeem factors for journey based mostly on both a constant system or as a chart-based system.

Lots of the huge banks supply constant factors journey reward applications. They’re geared toward individuals who wish to function inside a easy program that has an easy-to-understand redemption course of; individuals who dislike difficult applications will admire these. Chart-based applications might be significantly extra difficult—but in addition probably extra beneficial. Because the variety of factors wanted to redeem for a flight isn’t constant, utilizing the rewards chart strategically can assist you stretch the worth of your factors and internet a better return when flying on sure routes, and even when reserving premium seats or enterprise class. These applications are extra in style with private finance fans and left-brain thinkers.

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How a lot are your bank card journey factors price?

Constant factors applications

  • MBNA Rewards: 1 level is price $0.01 in journey rewards
  • American Specific Versatile Factors Program: 1 level is price $0.01 in journey rewards
  • Scotia Rewards: 1 level is price $0.01 in journey rewards
  • TD Rewards: 1 level is price 0.5 of a cent in journey rewards booked through Expedia For TD
  • BMO Rewards: 1 level is price 0.7 of a cent in journey rewards
  • WestJet {Dollars}: 1% in WestJet {Dollars} is price $0.01 in journey rewards
  • Nationwide Financial institution: 1 level is price $0.01 in journey rewards
  • RBC Rewards: 1 level is price $0.01 in journey rewards

Chart-based applications

For chart applications, you’ll have to seek the advice of the respective rewards web site when redeeming to actually perceive the worth of your rewards.

  • American Specific Mounted Factors program
  • Aeroplan
  • Marriott Bonvoy
  • RBC Avion – Air Journey Redemption Schedule

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Do journey bank card factors expire? 

Some journey rewards factors expire after a sure interval of inactivity, whereas others don’t. For instance, Aeroplan factors expire after 18 months of inactivity, and Marriott Bonvoy factors expire after 24 months, whereas WestJet {dollars} typically don’t expire, until they have been earned throughout sure promotions or different circumstances. To keep away from having your factors expire, you may e-book lodges along with your factors, purchase merchandise by the loyalty program’s retailer, switch factors from one other program or to a member of the family, in some instances, and extra.

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Video: Promotional charges: What to search for within the nice print

Extra of Canada’s finest bank cards:

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