Are you on the hunt for the best Canadian credit cards that will help you earn travel points faster? Look no further! We have put together a comprehensive guide on the top rewards credit cards in Canada that are perfect for all you travel enthusiasts, and how you can make the most of them.
Best Canadian Credit Cards For Travel Points Table of Contents
1. American Express Cobalt Card
2. TD Aeroplan Visa Infinite Card
3. ScotiaGold Passport Visa Card
1. American Express Cobalt Card
Top Features:
- Earn 5x points on eligible restaurants, grocery stores, and food delivery in Canada
- Earn 2x points on eligible transit, gas, and travel purchases
- Earn 1x point on all other purchases
- Welcome offer of 30,000 points when you spend $3,000 in the first three months
- Access to American Express Invites and travel benefits
2. TD Aeroplan Visa Infinite Card
Top Features:
- Earn 1.5 Aeroplan points for every $1 spent on eligible grocery, gas, and Air Canada purchases
- Earn 1 point for every $1 spent on all other purchases
- Welcome bonus of 20,000 Aeroplan points after your first purchase
- Complimentary first checked bag on Air Canada flights
- Travel insurance coverage
3. ScotiaGold Passport Visa Card
Top Features:
- Earn 1 Scotia point for every $1 spent on all purchases
- Get 25,000 bonus points after your first $1,000 in purchases in the first 3 months
- Comprehensive travel insurance package
- No foreign transaction fees
- Access to Visa Infinite Privilege benefits
4. RBC Avion Visa Infinite Card
Top Features:
- Earn 1 RBC Rewards point for every $1 spent on all purchases
- 25,000 bonus points upon approval
- No blackout periods or seat restrictions on flights
- Travel insurance package
- Access to Visa Infinite benefits
5. BMO World Elite Mastercard
Top Features:
- Earn 3 BMO Rewards points for every $1 spent on eligible travel, dining, and entertainment purchases
- Earn 2 points for every $1 spent on all other purchases
- 35,000-point welcome bonus when you spend $3,000 in the first three months
- Complimentary LoungeKey membership and four annual lounge passes
- Travel insurance package
Best Canadian Credit Cards For Travel Points Example:
Let's say you decide to apply for the American Express Cobalt Card. In the first three months, you spend $3,000 on groceries and dining, earning 15,000 points (5x points for these purchases). You also make $1,000 in other purchases, earning an additional 1,000 points (1x point for other purchases). With the welcome offer, you'll receive 30,000 bonus points, bringing your total to 46,000 points.
Now let's say you want to book a round-trip flight from Toronto to Vancouver. You can redeem these points through American Express's Membership Rewards program, where 1,000 points equal $10. With your 46,000 points, you can save up to $460 on your flight!
Now that you know the ins and outs of the best Canadian credit cards for travel points, you're well on your way to jet setting around the world without breaking the bank. Remember, the key is to find the card that aligns with your spending habits and travel preferences. So why wait? Start planning your next adventure and earn those coveted points faster than ever, all while enjoying the many perks and benefits these credit cards offer.
If you found this guide useful, don't forget to share it with fellow travel enthusiasts and be sure to check out more of our personal finance and investing tips on Flik Eco.
