Are you a Canadian millennial who loves to travel and wants to make the most out of every dollar spent while exploring the world? If so, you're in the right place! From jet-setting across Europe to backpacking through Asia, having the perfect travel rewards credit card can help you save money and unlock endless possibilities. In this article, we at Flik Eco have compiled a list of the best Canadian credit cards for travel rewards, all tailored to suit your budget and lifestyle needs. So grab your passports, and let's dive in!
Best Canadian Credit Cards For Travel Rewards Table of Contents
Flik Eco's Top Picks for Canadian Travel Rewards Credit Cards
Flik Eco's Top Picks for Canadian Travel Rewards Credit Cards
1. American Express Cobalt Card
- 5x points on eligible food and drink purchases
- 2x points on eligible travel and transit purchases
- 1x point on all other purchases
- 30,000 bonus points in your first year
- Monthly fee of $12.99
If dining out and exploring new cities are your jam, then the American Express Cobalt Card was designed with you in mind. With its impressive rewards structure, this card caters to those who love to spend on food, drinks, and travel. Plus, the Cobalt Card's flexible redemption options allow you to exchange your points for travel plans without any blackout dates.
2. Scotiabank Passport Visa Infinite Card
- 2x Scotia Rewards points on eligible grocery, dining, entertainment, and daily transit purchases
- 1x Scotia Rewards point on every $1 spent on all other purchases
- Complimentary Priority Pass Membership and six free airport lounge visits per year
- No foreign transaction fees
- Annual fee of $139
Frequent travelers who crave a touch of luxury will adore the Scotiabank Passport Visa Infinite Card, which comes with priority airport lounge access and no foreign transaction fees. Plus, it offers a well-rounded rewards structure, allowing you to earn points on everyday purchases and redeem them for flights, accommodations, and more!
3. TD Aeroplan Visa Infinite Card
- 1.5 Aeroplan points per $1 on eligible gas, grocery, and direct through Air Canada purchases
- 1 Aeroplan point per $1 spent on all other purchases
- Comprehensive travel insurance coverage
- Annual fee of $139 (rebated for the first year)
The TD Aeroplan Visa Infinite Card is perfect for those looking to maximize their Air Canada loyalty rewards, while also enjoying comprehensive travel insurance and flexible Aeroplan points redemption options. It's an ideal card for those who prefer one airline alliance and want to accumulate points quickly.
4. BMO World Elite Mastercard
- 3 BMO Rewards points per $1 spent on travel, dining, and entertainment purchases
- 2 BMO Rewards points per $1 spent on all other purchases
- 35,000 bonus points after spending $3,000 in the first three months
- Airport lounge access + 4 complimentary passes
- Annual fee of $150
For a credit card that caters to high spenders who want to make every purchase count, the BMO World Elite Mastercard delivers generous reward point rates and valuable travel perks. Enjoy access to airport lounges and earn points that can easily be redeemed for flights, hotels, and other travel experiences!
Best Canadian Credit Cards For Travel Rewards Example:
Imagine this: You have a two-week European vacation planned in six months, and you opt for the American Express Cobalt Card. Between dining out, commuting to work, and making other eligible purchases, you accumulate a total of 40,000 points by the time your trip arrives.
You decide to cash in your points and save a whopping $400 on your round-trip flight to Europe! And it doesn't stop there; throughout your vacation, you continue to earn points on your travel and dining expenses while abroad. With every purchase, you're essentially funding your next adventure. It's a win-win situation!
Now that we've unveiled the best Canadian travel rewards credit cards, you're well-equipped to choose the perfect match for your travel dreams and lifestyle. With every swipe and tap, you'll be one step closer to exploring all that this beautiful world has to offer. If you found our guide helpful, be sure to share it with your fellow wanderlust-stricken friends, and explore more financial tips and insights here at Flik Eco. Safe travels and happy spending!
