Are you a millennial with a passion for travel, looking for the perfect credit card to help you take off on your next adventure? Look no further! At Flik Eco, we've done the research, so you don't have to. We have compiled a list of the best travel credit cards in Canada, so you can earn rewards, save money, and make the most of your trips.
Best Credit Cards Canada For Travel Table of Contents
Top Travel Credit Cards in Canada
We've narrowed down the market to present you with the top travel credit cards in Canada, based on a range of factors including rewards, sign-up bonuses, and travel perks. Take your pick and let your dreams take flight!
1. American Express Cobalt Card
- Rewards: Earn 5 points per dollar on dining & groceries, 2 points on travel & transit, and 1 point on everything else.
- Sign-up Bonus: 30,000-point welcome bonus when you spend $3,000 in the first 3 months.
- Annual Fee: $155.88, charged monthly at $12.99.
- Annual Interest Rate: 20.99% on purchases, 21.99% on cash advances.
- Travel Perks: Travel insurance coverage included.
The American Express Cobalt Card is a top pick for its excellent rewards on dining and groceries and a generous sign-up bonus. The monthly fee structure is also perfect for those who don't want to commit to a hefty annual fee upfront.
2. Scotiabank Gold American Express Card
- Rewards: Earn 5 points per dollar on dining, groceries, and entertainment; 3 points on gas, transit, and select streaming services; and 1 point on everything else.
- Sign-up Bonus: 20,000-point welcome bonus when you spend $1,000 in the first 3 months.
- Annual Fee: $120.
- Annual Interest Rate: 19.99% on purchases, 22.99% on cash advances.
- Travel Perks: Comprehensive travel insurance and airport lounge access.
The Scotiabank Gold American Express Card offers a well-rounded rewards program and competitive sign-up bonus, making it a strong contender for those who want to maximize their spending in various categories.
3. TD Aeroplan Visa Infinite
- Rewards: Earn 1.5 Aeroplan points per dollar on gas, groceries, and Air Canada purchases; and 1 point per dollar on everything else.
- Sign-up Bonus: Up to 25,000 Aeroplan points and a bonus Buddy Pass.
- Annual Fee: $139 (first-year fee rebate).
- Annual Interest Rate: 19.99% on purchases, 22.99% on cash advances.
- Travel Perks: Air Canada travel benefits and extensive travel insurance coverage.
The TD Aeroplan Visa Infinite is an ideal card for frequent Air Canada flyers, with its appealing rewards program, sign-up bonus, and travel perks centered around the airline.
Best Credit Cards Canada For Travel Example:
Let's say you and your partner love dining out and plan to go on a two-week vacation to Europe in the upcoming year. You spend around $1,000 per month on groceries and dining and another $500 on other expenses.
If you choose the American Express Cobalt Card and spend $1,500 per month during your first three months, you could earn a welcome bonus of 30,000 points, plus 7,500 points from your spending. In your first year, you would accumulate around 72,000 points, which can be redeemed for $720 in travel rewards. With the comprehensive travel insurance coverage included, your European vacation is not only more affordable but also better protected.
It's time to hit the road (or the skies) with the perfect travel credit card in hand! At Flik Eco, our mission is to provide you with practical and accessible personal finance advice. Share this article with your friends and family who are also bitten by the travel bug so they can make the most of their expenditures on their dream trips! Don't forget to explore our other articles for even more tips and insights on personal finance.
