Best Travel Reward Credit Cards in Canada

Best Travel Rewards Credit Cards – Our Top Picks. Here’s the synopsis of the highest-rated travel rewards credit cards in Canada complete credit card reviews in this guide.
Best Travel Reward Credit Cards in Canada

Last Updated on March 31, 2021 by offerhub

To determine the best travel rewards credit cards for this year, we need to take a look at what happened in the previous year. The credit card market in Canada witnessed some significant changes last year. Banks and other institutions stopped issuing some of the more sought-after cards, they made changes to rewards programs, and one new card, hailed as a game-changer, entered the market. Most people like the idea of globetrotting at a discount, and so Canadians continue to seek the best travel rewards credit cards. With so many different programs and cards, however, it’s a challenge trying to work out which is the most suitable one for you. To make your search easier, we’re pointing out Canada’s best travel rewards credit cards. How far do you want to go this year with your Canadian travel rewards credit card? We’ve forecast what we believe will be the best travel rewards credit cards to help you soar, whether you’re a snowbird, a bargain hunter, a bonus surfer, or a frequent flyer.

 

Best Travel Rewards Credit Cards – Our Top Picks

Here’s the synopsis of the highest-rated travel rewards credit cards in Canada (complete credit card reviews are below). For more categories besides travel, please see our Best Credit Cards in Canada page.

Card Signup Bonus Rewards
Scotiabank Gold American Express 25000 points 4% cashback
Scotiabank American Express Card No 1 Point Per $1
The American Express® Gold Rewards Card 25000 points 2 Points Per $1
TD® Aeroplan® Visa Infinite Card 30000 miles 1.5 Point Per $1
  • Receive five Scotia Rewards points for each dollar spent at eligible grocery stores, fast food, bars, or restaurants. Additionally, earn five points for each dollar spent on eligible movies, theatres, and ticket purchases.
  • Earn one Scotia Rewards point for each dollar spent on every other purchase.
  • Up to 40,000 welcome bonus points that add up to C$400 in travel money.

Specification: Scotiabank Gold American Express® Card

Annual Fees

$120

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback

Earn 20,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in the first 3 months.1
0

Scotiabank is offering an American Express Card that gives customers plenty of ways to earn and redeem Scotia Rewards points. Points can be earned and spent both at home and abroad. The card also offers peace of mind to the user by making available different insurance protections.

Specification: Scotiabank American Express® Card

Annual Fees

$0

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback, Travel Rewards

0

Receive a 25,000 points Welcome Bonus by spending C$1,500 within the first three months of your account opening. That’s enough for a round-trip Fixed Mileage Flight across North America.

Specification: American Express® Gold Rewards Card

Annual Fees

$150

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

24.99%

Network
Card Type

Cashback, Travel Rewards

0
  • Rewards for every purchase
  • Excellent travel insurance coverage
  • Multiple ways to earn welcome bonus
  • Multiple redemption options
  • Air Canada baggage discounts

Specification: TD® Aeroplan® Visa Infinite* Card

Annual Fees

$139

Interest Rate

19.99%

Cash Advance

22.99%

Network
Minimum Income

$60000

Card Type

Travel Rewards

Welcome offer: Get 35,000 points and the $150 annual fee waived in the first year. That’s a total value of $400!
0

Scotiabank Gold American Express

  • Receive five Scotia Rewards points for each dollar spent at eligible grocery stores, fast food, bars, or restaurants. Additionally, earn five points for each dollar spent on eligible movies, theatres, and ticket purchases.
  • Earn one Scotia Rewards point for each dollar spent on every other purchase.
  • Up to 40,000 welcome bonus points that add up to C$400 in travel money.

Specification: Scotiabank Gold American Express® Card

Annual Fees

$120

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback

Earn 20,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in the first 3 months.1
0

The Scotiabank Gold American Express again ranks as one of the best travel rewards credit cards in Canada due to benefits such as a 4% earn on groceries, gas, entertainment, and restaurants. If you spend $1,000 on everyday purchases during the first three months, you get a 25,000 bonus valued at $250. You can use this bonus towards any travel (hotels, flights, cruises, car rentals, or vacation packages), in addition to merchandise and gift cards from vendors such as Best Buy and Apple. You can opt to use Scotia Rewards’ full-service travel agency when booking your flights and hotel, or use your card to cover your expenses and redeem your points afterward. You can book anywhere, anytime, and use points to pay for all fees and taxes – there are no limits when using your points towards travel. Scotiabank Gold American Express offers numerous other benefits including concierge service, comprehensive travel insurance, price protection, Priority Pass membership (renewed yearly), and much more.

Scotiabank American Express Card

Scotiabank is offering an American Express Card that gives customers plenty of ways to earn and redeem Scotia Rewards points. Points can be earned and spent both at home and abroad. The card also offers peace of mind to the user by making available different insurance protections.

Specification: Scotiabank American Express® Card

Annual Fees

$0

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback, Travel Rewards

0

The Scotiabank American Express Card does not have annual fees for extras or privileges. It works as both a standalone or as a secondary card for current Scotia Rewards collectors. You receive one Scotia Rewards point for each dollar you spend on the card, valid for travel (hotels, flights, car rentals, cruises, and vacation packages), gift cards, merchandise (including Best Buy and Apple catalogues), or as a credit towards your monthly payment. The insurance coverage is robust for a no-fee card. You get travel accident and travel interruption insurance (if you use your card to pay for at least 75 percent of the cost of your trip). You also get travel emergency medical (with a coverage ceiling of $1 million for a maximum of eight successive days of travel), and collision/loss damage for car rentals (up to forty-eight consecutive days of coverage for vehicles that cost less than $65,000).

Starwood Preferred Guest Credit Card from American Express

Specification: American Express® Air Miles Platinum® Credit Card

Annual Fees

$120

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

24.99%

Network
Card Type

Cashback, Travel Rewards

0

These cards are still an excellent choice, in spite of the fact that Rewards Canada dropped the hotel category from the rankings because only two cards are currently available. In fact, the Starwood Preferred Guest Credit Card from American Express is pretty impressive. It offers excellent value for hotel stays within the Marriott and Starwood brands and lets you convert to more than thirty airline frequent flyer programs.

The American Express® Gold Rewards Card

Receive a 25,000 points Welcome Bonus by spending C$1,500 within the first three months of your account opening. That’s enough for a round-trip Fixed Mileage Flight across North America.

Specification: American Express® Gold Rewards Card

Annual Fees

$150

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

24.99%

Network
Card Type

Cashback, Travel Rewards

0

This card is perhaps one of the best travel credit cards you can ever find. There’s a big sign-up bonus. Yes, you can get 25,000 points to jump start your mileage account if you meet the minimum spending threshold of $1,500 in the first three months. This is wonderful as you can get an instant balance of 25,000 points by doing very little work. The American Express Gold Rewards card is also great card when it comes to flexibility. You can easily make any travel related plans with the help of your credit card. It is simple to earn 2 points for every $1 spent on eligible travel and everyday purchases. That’s right. You don’t just get 1 point, rather 2 points for every dollar spent on grocery, gas and other car rentals, cruises, rail, and air-related travel expenses. The AMEX Credit Card points you earn can be transferred to:

  • Frequent flyer program
  • Aeroplan (1:1 with no additional charges)
  • British Airways Avios (1:1 with no additional charges)

Here’s some friendly advice – you can pair this travel credit card with TD Aeroplan Visa Infinite card mentioned below and enjoy 50,000 bonus points to jumpstart your travel plans. What’s even better is that you don’t have to pay any annual fee. Most AMEX Gold rewards credit card users say that it is way better than Visa Infinite AVION card by RBC for a number of reasons. First, AMEX waives your annual fee for the first year. Second, it offers an exciting sign-up bonus. Third, you can earn double points on travel spending. Lastly, but most importantly, AMEX gold card allows you to redeem Travel expenses at full value, unlike RBC which gives you half a penny per point. Remember that AMEX Gold Rewards card allows you to take advantage of promotions in both the Aeroplan and Avios programs without losing any value.

TD® Aeroplan® Visa Infinite Card

  • Rewards for every purchase
  • Excellent travel insurance coverage
  • Multiple ways to earn welcome bonus
  • Multiple redemption options
  • Air Canada baggage discounts

Specification: TD® Aeroplan® Visa Infinite* Card

Annual Fees

$139

Interest Rate

19.99%

Cash Advance

22.99%

Network
Minimum Income

$60000

Card Type

Travel Rewards

Welcome offer: Get 35,000 points and the $150 annual fee waived in the first year. That’s a total value of $400!
0

If you’re looking to start your Aeroplan mile bank, there’s nothing better than this credit card. With this Visa, you receive a welcome bonus of up to 30,000 miles and there’s no annual fee for the first year. The good news is that you can earn 15,000 points with your first purchase and if you keep your account in good standing for at least three months, you are eligible to receive an additional 10,000 points. If you are able to collect 25,000 Points, you will be able to fly to any location in North America from Canada. Here’s some more exciting news. If you are able to collect 15,000 points, you can easily fly to any short-haul location in North America. TD Credit Cards Aeroplan mile offers a strong rewards rate even for economy fares. When it comes to other credit card details, you can earn 1.5 points for every $1 spent on gas, grocery & drug stores. If you use your cards at Aeroplan partner locations, you can further boost your collection of travel points. In addition to great travel rewards, this credit card offers other perks such as:

  • Insurance protection
  • Medical insurance
  • Trip cancellation and interruption
  • Car rental
  • Baggage protection
  • Free lounge access
  • Priority check-ins and boarding
  • One free checked bag

The TD Aeroplan Visa Infinite card is certainly a smarter choice than West Jet World Elite MasterCard according to card users. Customers prefer to use Aeroplan card because it offers an amazing welcome bonus. Second, you can redeem your accumulated points to travel to more destinations. Not to forget, there are dozens of more opportunities to earn points with Aeroplan and you can use the points to upgrade your travel ticket to business and first class.

Why Should I Consider Travel Credit Cards?

It’s not surprising that credit cards have become an important part of modern society. Travel credit cards offer you a great opportunity to earn free points that can be redeemed for air tickets, hotel booking, and even cash! And if you haven’t thought about travel credit cards until now, here’s what you need to know about the top 3 Canadian travel credit cards. Yes, whether you are a frequent flyer or a travel bargain hunter, our evaluation of the best travel credit cards in Canada can help you make the most of your vacation. Remember that we measured the value of each reward program in terms of flight cost and hotel deals. We also considered a number of points you require to redeem each reward along with other credit card details such as annual fee, transaction fee, ease of redemption and insurance coverage. Which cards managed to make it to our list? Well first, you need to know that there is no perfect travel card; however, there is only one perfect credit card for you. Each card offers different benefits that fit different people. So what card should you consider?

Best Travel Reward Cashback Credit Cards in Canada

Regardless of whether you travel weekly for business or a few times a year for a family vacation, there are a number of credit cards that offer cash-back for travelling. This might include anything from buying an airline ticket to renting a hotel. You could be well on your way to saving for your next vacation if you plan responsibly and use the right cash-back card!

 

Card Annual Fees Rewards
Simply Cash Card from American Express 0 5% cashback
Scotiabank American Express Card 0 1 Point Per $1
American Express AIR MILES Platinum Credit Card $65 1 Point Per $10
  • $99 Annual Fee
  • 2% Cashback on all of your purchases
  • No limit on the total cashback you can earn
  • Open to residents of Canda

Specification: SimplyCashTM Preferred Card from American Express

Annual Fees

$99

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

21.99%

Network
Card Type

Cashback, Travel Rewards

0

Scotiabank is offering an American Express Card that gives customers plenty of ways to earn and redeem Scotia Rewards points. Points can be earned and spent both at home and abroad. The card also offers peace of mind to the user by making available different insurance protections.

Specification: Scotiabank American Express® Card

Annual Fees

$0

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback, Travel Rewards

0

Specification: American Express® Air Miles Platinum® Credit Card

Annual Fees

$120

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

24.99%

Network
Card Type

Cashback, Travel Rewards

0

Simply Cash Card from American Express

  • $99 Annual Fee
  • 2% Cashback on all of your purchases
  • No limit on the total cashback you can earn
  • Open to residents of Canda

Specification: SimplyCashTM Preferred Card from American Express

Annual Fees

$99

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

21.99%

Network
Card Type

Cashback, Travel Rewards

0

If you are looking for a travel rewards card with no annual fee, consider the Simply Cash Car from American Express. In addition to no annual fee, you can transfer balances for a low rate of 1.99% for a limited period of time (currently six months). You will also be rewarded with 5% cashback. You must have an excellent credit score in order to obtain this card. As a frequent traveller, you can choose the American Express Simply Cash Card. Here are some of the benefits:

  • No annual fees applicable
  • Permits the transfer of balances for a low rate of interest at 1.99% for a fixed time interval that is 6 months as of now
  • Cashback rewards of 5%
  • The requirement of an impressive credit score to qualify for the card

Scotiabank American Express Card

Scotiabank is offering an American Express Card that gives customers plenty of ways to earn and redeem Scotia Rewards points. Points can be earned and spent both at home and abroad. The card also offers peace of mind to the user by making available different insurance protections.

Specification: Scotiabank American Express® Card

Annual Fees

$0

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

22.99%

Network
Card Type

Cashback, Travel Rewards

0

The Scotiabank American Express Card does not have annual fees for extras or privileges. It works as both a standalone or as a secondary card for current Scotia Rewards collectors. You receive one Scotia Rewards point for each dollar you spend on the card, valid for travel (hotels, flights, car rentals, cruises, and vacation packages), gift cards, merchandise (including Best Buy and Apple catalogues), or as a credit towards your monthly payment.

American Express AIR MILES Platinum Credit Card

Specification: American Express® Air Miles Platinum® Credit Card

Annual Fees

$120

Interest Rate

19.99%

Balance Transfer

22.99%

Cash Advance

24.99%

Network
Card Type

Cashback, Travel Rewards

0

Another great option is the American Express AIR MILES Platinum Credit Card. This card has a $65 annual fee and, like the last card reviewed, you can transfer balances for a low-interest rate of 1.99% for six months. With this card, you earn one reward mile for every $10 spent are certain locations, such as gas stations, drugstores, grocery stores, and AIR MILES partners. Other purchases will score you one point for every $15 spent.

  • Applicable annual fees of $65
  • Permits the transfer of balances at low-interest rates of 1.99% for 6 months
  • Each time users spend $10 at specific grocery stores, drugstores, gas stations or other partnering AIR MILES businesses, they can earn one reward mile.
  • Purchases of every $15 at any other store earns 1 point

What are the benefits of Cashback Credit Cards?

You have most likely been solicited to join a rewards program through specific airlines, hotels, or travel agencies. Depending on the frequency with which you travel, you might prefer to continue using these cards to maximize your points and earn free flights, vacations, or hotel stays. However, cash-back travel cards do present another option for you. This type of card may be a better choice for you if you want to use the rewards to travel without blackout periods or on your own timeline, without worrying about using points before they expire. There is no need to spend your hard-earned points on stuff you do not want or need. Rather, you will receive cash-back to use as you please!

How to make the most of your CashBack Credit Card?

Many consumers have become frustrated with the point reward system for a variety of reasons. Perhaps they are forced to spend points of magazines they do not like. Or maybe their points expired before they could use them. Maybe they just felt they were not being rewarded enough for the amount they spent. These are the many reasons why cash-backs cards have increased in popularity. Many consumers like knowing that they will be rewarded with cash, which they can use however they please. Some of the cards come with added benefits, like travel insurance. It is important to note that some of these cards have annual fees. These fees tend to range from about $65 – $99 per year. Make sure you are able to earn enough rewards to offset the annual fee. Additionally, make sure you are aware of the interest rate, which can be easily compared using the website.

Conclusion on Travel Rewards Credit Cards

Having a good cash-back credit card for any travel plans can help you save a significant amount of money. In addition, many of these cards can also be used for daily expenses, which will help you save more quickly for your next vacation, big-ticket item, or whatever you want to reward yourself with!

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