Regardless of how often you travel or your preferred way of traveling, travel credit cards present excellent chances to accumulate rewards. It can redeem points for bookings, and enhance your travel experience through exclusive perks. Explore our top recommendations for the best credit card for travel rewards Canada below!
Why Should You Purchase a Travel Credit Card in Canada?
The best credit card for travel rewards Canada presents an opportunity to save money on travel-related expenses by accumulating and redeeming points or miles. These points earned from everyday purchases can be used to secure discounts on various travel essentials like flights, accommodations, and car rentals.
Moreover, some travel credit cards offer additional advantages, such as access to VIP airport lounges, complimentary checked baggage, and priority boarding. Furthermore, travel credit cards typically provide comprehensive insurance benefits for flight interruption or cancellation, baggage loss or delay, and many more.
5 Best Credit Card For Travel Rewards Canada 2023
We have conducted extensive research on the available cards and programs. The list can now direct you to its selected choices for the best credit card for travel rewards Canada.
1. American Express Cobalt Card
The American Express Cobalt holds the leading position on our list. It excels in the travel category as well. Its remarkable annual earnings, equivalent to nearly $600 worth of points, and a wide range of travel benefits, including seven types of travel insurance, contribute to its success.
Moreover, the card provides additional points on travel purchases at 2 points per dollar and offers flexibility by enabling you to transfer Membership Rewards to various frequent flier and loyalty programs.
Card Details:
- Welcome offer: Earn 2,500 points monthly for spending $500 on the card, totaling 30,000 Membership Rewards points per year ($300 value).
- Earn 5 Membership Rewards per dollar on grocery purchases (up to $30,000 annually).
- Potential to earn $594.52 per year in rewards value based on average Canadian yearly spending, considering the annual fee.
- Travel insurance coverage, including out-of-province/country emergency medical coverage up to $5,000,000 for 15 days. It will also cover travel accidents, flight delays, baggage delays, lost/stolen baggage, and hotel burglary insurance.
- At selected hotels, receive a $100 hotel credit for dining, spa, or leisure activities, and enjoy a complimentary room upgrade.
2. CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite Card boasts an impressive annual value exceeding $600, which considers its annual fee. This credit card provides substantial monetary benefits and presents a comparable package to the CIBC Aventura Gold Visa.
The package entails a comprehensive selection of 12 insurance types and grants access to the exclusive perks and advantages of the prestigious Infinite designation within the Visa network. With this CIBC Aventura Visa Infinite Card, you can enjoy many valuable rewards and benefits throughout the year.
Card Details:
- Earn 35,000 Aventura Points (an $800 value) in the first year.
- Receive a generous reward of 15,000 Aventura Points upon making your initial purchase.
- Receive 20,000 Aventura Points when you spend $1,000 in the first four monthly statement periods.
- Potential to earn $627.32 per year in rewards value based on average Canadian yearly spending, considering the annual fee.
- $5 million coverage for out-of-province emergency medical insurance within 15 days (for travelers under age 65).
3. WestJet RBC World Elite Mastercard
If you’re looking for the best credit card for travel rewards Canada that provides exceptional travel benefits, you can choose WestJet flyers. It offers partnerships with Delta, Qantas, and Air France. You can also redeem rewards for various options beyond flights and make your yearly earnings worth over $300.
Card Details:
- Receive 250 WestJet Dollars upon completing your initial transaction.
- Earn an additional 200 WestJet Dollars for spending $5,000 on purchases and recurring bill payments within the first 3 months of account opening.
- Get 1.5% back in WestJet Dollars on everyday purchases.
- You will receive a 2% reward in WestJet Dollars when booking WestJet flights and vacation packages.
- Potential to earn $311.69 per year in rewards value based on average Canadian yearly spending, considering the annual fee.
4. CIBC Aeroplan Visa Card
The CIBC Aeroplan Visa Card provides a yearly earnings value exceeding $400. Despite having a limited range of insurance options, the card offers flexible rewards and allows you to add authorized users without additional charges.
Card Details:
- Earn 10,000 Aeroplan Points with your first purchase (a $200 value), enough for a short-haul, economy-class flight within North America.
- No annual fee.
- Potential to earn $444 per year in rewards value based on average Canadian yearly spending, considering the annual fee.
- By linking your Journey Rewards card, you can save $0.10 per liter of gas at Fas Gas, Chevron, Ultramar, and Pioneer.
- Double points on orders from over 150 Air Canada retail partners and over 170 online retailers through the Air Canada eStore.
5. WestJet RBC Mastercard
The WestJet RBC Mastercard presents a cost-effective option featuring a modest yearly fee. Beyond the accumulation of rewards, this card offers a range of advantages, including an annual companion voucher.
With this card, you can relish the perks of traveling with a companion. It makes your journeys all the more enjoyable and budget-friendly. In essence, the WestJet RBC Mastercard is designed to fulfill the needs of travelers who seek both affordability and value.
Card Details:
- Receive $100 WestJet Dollars when you spend $1,000 within the first 3 months.
- Earn 50 Be Well points per dollar on eligible products at Rexall.
- Save $0.03 per liter on fuel and earn 20% more Petro-Points at Petro-Canada.
- When utilizing your RBC credit card for payment, DoorDash offers boundless deliveries with no delivery charges for orders totaling $15 or above.
- $500,000 in travel accident insurance.
Purchase The Best Credit Card For Travel Rewards Canada Now!
If you are an avid traveler or even an occasional jet setter, acquiring the best credit card for travel rewards in Canada can be the best choice. With plenty of enticing options, you can carefully consider your spending habits and travel preferences.
Whether it’s earning points for flights, enjoying travel insurance coverage, or accessing exclusive benefits. The right credit card can elevate your travel experiences and unlock many possibilities. Don’t wait any longer; purchase the best credit card for travel rewards Canada today for a rewarding journey of adventures. Happy travels!