Best Travel Reward Credit Cards

Get your credit card to pay for your next travel. Travel rewards credit card helps you earn rewards every time you use your card to make purchases. These rewards could be used to pay for your travel expenses such as flights, accommodation, and car rentals. Compare the best travel rewards credit cards in Canada and apply for the card that works best for you.




Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$119

Card Type: 

Travel Rewards

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Card Type: 

Travel Rewards

Interest Rate: 

19.99%

Balance Transfer: 

22.99%

Annual Fee: 

$75

Card Type: 

Business

Welcome offer: Get 800 AIR MILES Bonus Miles

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$0

Card Type: 

Student No Fee Travel Rewards

Get 10,000 points when you spend $1,000 in the first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee

Interest Rate: 

19.99%

Balance Transfer: 

1.99%

Annual Fee: 

$0

Card Type: 

Rewards

Enjoy a reloadable and secure card with the same convenience as a standard credit card.

Interest Rate: 

0

Balance Transfer: 

N/A

Annual Fee: 

$6.95

Card Type: 

Prepaid Credit Card

2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee in the first year

Interest Rate: 

20.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Card Type: 

Travel Rewards

Get 800 AIR MILES Bonus Miles and a 1.99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee

Interest Rate: 

19.99%

Balance Transfer: 

1.99%

Annual Fee: 

$0

Card Type: 

Travel Rewards

Earn up to 100,000 Points PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$149

Card Type: 

Travel Rewards

Earn up to 100,000 Points PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$149

Card Type: 

Travel Rewards

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.

CardSignup BonusRewards
Scotiabank Gold American Express25000 points4% cashback
Scotiabank American Express CardNo1 Point Per $1
The American Express® Gold Rewards Card25000 points2 Points Per $1
TD® Aeroplan® Visa Infinite Card30000 miles1.5 Point Per $1

Earn 5 Scene+TM points on every $1 CAD you spend on eligible purchases

Interest Rate: 

19.99%

Balance Transfer: 

22.99%

Annual Fee: 

$120

Card Type: 

Rewards

Earn 5,000 bonus Scene+™ points with your first $500 in everyday purchases in first 3 months.

Interest Rate: 

19.99%

Balance Transfer: 

22.99%

Annual Fee: 

$0

Network: 

AMEX

Earn 70,000 Welcome Bonus points after you charge $1,500 in net purchases

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Network: 

AMEX

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.

Interest Rate: 

20.99%

Balance Transfer: 

N/A

Annual Fee: 

$250

Network: 

AMEX

Earn up to 25,000 Aeroplan points and a bonus Buddy Pass

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$139

Card Type: 

Travel Rewards

 

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!

CardAnnual FeesRewards
Simply Cash Card from American Express05% cashback
Scotiabank American Express Card01 Point Per $1
American Express AIR MILES Platinum Credit Card$651 Point Per $10

 

 

 

Earn 4% cash back in your first 6 months (up to $200 cash back)

Interest Rate: 

19.99%

Balance Transfer: 

N/A

Annual Fee: 

$0

Network: 

AMEX

Earn 5,000 bonus Scene+™ points with your first $500 in everyday purchases in first 3 months.

Interest Rate: 

19.99%

Balance Transfer: 

22.99%

Annual Fee: 

$0

Network: 

AMEX

Earn a Welcome Bonus of 2,000 AIR MILES® Bonus Miles

Interest Rate: 

20.99%

Balance Transfer: 

N/A

Annual Fee: 

$120

Network: 

AMEX

 

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!

Best Credit Cards with the most travel insurance benefits

When planning for your vacation whether locally or to foreign countries, it is advisable to charge it to your credit card. You need also to ensure that your credit card has an insurance coverage feature to enhance your safety when travelling.

Credit cards may have different insurance coverage which includes:

  • Travel Medical Insurance – To cover you in an event where medical care is needed.
  • Trip Cancellation Cover – To cover you in the event you need to cancel your trip.
  • Delayed Baggage Insurance – In the event of delayed arrival for your luggage.
  • Lost Luggage Insurance – To cover you when you have lost your belongings.
  • Flight Delay Insurance – To cover you in event of a delayed flight.

 

Credit Card Travel Insurance

Travel Insurance refers to the coverage for the cardholder, their spouse, and any dependent child travelling with you. This type of coverage considers accidents taking place while using common carriers like planes, trains, or buses at any stage of your journey from the airport/station/terminal to the end of your trip. The maximum amount that the card will cover varies with different credit cards. The credit card travel accident insurance covers;

  • Loss of life.
  • Loss of speech, hearing or sight.
  • Permanent disability.
  • Loss of limbs.

However, there are a few cases in which this insurance will not cover you. Such include;

  • Intentional self-inflicted injuries including suicide.
  • Pregnancy complications.
  • Body malfunctioning.
  • Disease/ Illness.

Delayed Baggage Insurance

Delayed baggage insurance covers you in the event when your travel baggage is delivered in time. This may include a maximum reimbursement amount. Imagine how stressful it could be if your essentials delayed for a day or two. You will be required to incur more costs in buying clothes and other essentials to last you for a day or two. This cost can be too much depending on the delay period, but with a credit card, baggage insurance will come in handy. Delayed baggage insurance mostly covers only essential items like basic toiletries and clothing or anything in that form.

Exceptions under Delayed Baggage Insurance

Like any other insurance, delayed baggage insurance has some limitations that your policy may exclude:

  • Losses incurred when returning to your residence.
  • Expenses incurred after your luggage arrival.
  • Expenses incurred after 96 hours of arrival.
  • Luggage not checked.
  • Quarantine or detained luggage.
  • Money, securities, tickets or other documents.
  • Losses resulting from any criminal act.

You may be reimbursed to the maximum amount for all expenses incurred on essentials due to delayed baggage.

Credit Card Lost Luggage Insurance

Credit card lost luggage insurance covers your missing luggage while in transit with a common carrier. You may be reimbursed up to a certain amount for any of your checked lost belongings. Losing your belongings during travel can turn out to be very costly, but you can be well covered with travel rewards credit card. Most credit card lost luggage offer coverage up to a given amount per person. This extends to your luggage, your spouse’s and your dependent children’s luggage travelling with you. The reimbursement can be limited to a fixed amount per lost item.

Exclusions for A Lost Luggage Insurance Coverage

Exceptions from lost luggage insurance coverage differ from one credit card to the other. You need to consider your credit card and its exceptions. Below are some common exceptions;

  • Lost animals.
  • Hearing aids and other wearables.
  • Contact lenses and prescription glasses.
  • Money, credit cards, and other negotiable instruments.
  • Tickets and other documents.
  • Perishables and consumable goods.
  • Loss of jewelry, watches, or gems.

Credit Card Flight Delay Insurance

Flight delays is a common occurrence and in most cases, delays take a few extra minutes or just an hour as a result of poor weather or busy air traffic. For many travellers, flight delays are not a big issue and they never bother about it rather they patiently wait for a short time. However, if delays prolong to some hours or even a day, it becomes costly and even tiring. In some extreme delays, you may be forced to spend more on unplanned meals or accommodations. To protect you from the costs of such an occurrence, you need to have flight delay insurance on your reward credit card. In the case of any flight delays, a credit card flight delay insurance will help you to cover the unplanned additional expenses. It may cover up to a fixed amount of expenses mostly on meals and accommodation. Flight delay insurance will only cover you when delays go beyond a given period of time. You will be reimbursed only for reasonable expenses in the form of meals, accommodation, and refreshments. The policy may consider certain causes of delays which include;

  • Extreme weather conditions.
  • Job actions or strikes from the carrier employees.
  • Equipment failure.
  • No alternative means provided within a given period of delay.

Credit Card Travel Medical Insurance

Everyone wants to have a holiday vacation that’s free from any worries. However, there is something that can always go wrong, from losing your baggage and illness abroad to having a cancelled trip. That explains why having travel insurance is crucial to protect yourself and anyone else on board from the devastating effects of emergency situations.

Like most Canadians, you could be having insurance protection yet you don’t know. Most of the reward credit cards offer travel insurance as one of the benefits. It’s not just about making purchases. These cards offer comprehensive travel insurance which includes trip cancellation insurance, trip interruption insurance, motel burglary insurance, travel medical insurance and more. Credit card travel insurance is one of the things you may need while on vacation. It’s, therefore, important that you understand how it works and every other thing involved.

 

Who is covered by Travel Medical Insurance?

Of course, the first person covered by travel medical insurance is the primary cardholder. Others who are covered include your spouse and your dependent children. However, it’s important to note that travel medical insurance coverage can only be valid if your account, as the authorized cardholder, is not only open but also in good standing with the credit card company.

If you’ve used travel medical insurance coverage before, you’ll agree that your age determines the duration of coverage. If you’re 65 years and over, you’ll only be covered for about four days. However, those that are 65 years and under will be covered up to fifteen days. Well, you could be under 65, and your trip is supposed to stay longer than the fifteen days. That doesn’t mean you can be covered for as long as your trip lasts. You can always purchase additional coverage for to cover the entire period.

What’s covered?

Here’s what you’ll find in a Travel Medical Insurance Plan:

  • Reimbursement for any unexpected medical expenses as a result of emergency medical care
  • Reimbursement for diagnostic services, land and air ambulance fees
  • Reimbursement for unexpected dental expenses for any injury suffered during the trip. Doesn’t include dentures
  • Reimbursement for private nursing services, prescriptions required and medical appliances
  • Vehicle return benefit and Bedside companion benefit
  • Costs incurred in returning of the deceased.
  • Transport to bedside. Covers a round-trip flight for a family member to visit a person in hospital in another country or province.

What’s not covered?

Like any other type of insurance, there are circumstances under which travel medical insurance won’t apply. Some of them include:

  • Any circumstance that doesn’t qualify as an emergency. If there’s any medical treatment that can wait until the cardholder returns home, the travel medical insurance won’t apply.
  • When the insured person doesn’t report the medical emergency to the insurer on time.
  • Suicide or any self-inflicted injury
  • Pre-existing medical conditions. If the medical emergency is related to a medical condition the insured person may have been experiencing its symptoms before the trip, he will not be covered by the travel medical
  • A declared or undeclared war
  • Travel to a destination where the government authorities have issued a travel advisory
  • Any medical expenses arising from negligence by the cardholder including when he doesn’t take prescribed drugs.
  • Any medical costs as a result of alcohol and drug abuse.
  • Medical costs as a result of involvement in dangerous activities like drag racing and scuba diving.

What happens when you’re forced to either cancel your vacation or cut it short because of severe weather, sickness or any other reason? We are always faced with different emergency situations that cause us to cancel our trip. However, you can be assured of financial protection when your travel plans are either interrupted or cancelled with a reward credit card that comes with insurance. Most of the reward credit cards available today come with insurance to offer protection in case of an emergency.

It’s important that you find out if your credit card offers trip cancellation and trip interruption insurance. As mentioned, you can be forced to delay your return home or cancel your travel plans due to sickness or any other unexpected event.   Imagine losing the amount of money you paid for your travel arrangements and planning for extra transportation and hotel costs. Trip cancellation and trip interruption insurance are, therefore, important when planning for a vacation.

 

Trip Cancellation and Trip Interruption Insurance: What you Need to Know?

Well, the first thing you need to understand is that these are two different policies though related. They are both offered by select credit card companies to help with the investment you make with all your travel arrangements. You’ll agree to the fact that the costs of disrupting your trip to get back home prematurely can be more severe. Your airline will charge you cancellation penalties not to mention the significant loss you’ll have in making all those arrangements.

Trip cancellation and trip interruption insurance provide coverage for all your eligible non-refundable, prepaid expenses in case your trip is cancelled outright or disrupted while still in progress. The difference between the two is that trip cancellation insurance take care of any cancellation charges or deposits before departure while trip interruption insurance covers for after departure costs.

Trip cancellation insurance only applies from the moment you book your trip to the time you’re scheduled to leave for the trip. It provides cover for all the trip cancellation penalties you may be charged. Trip interruption insurance, on the other hand, provides cover for the expenses you’d incur if you return from your trip later or earlier than you’d have stayed.

What does each of the two policies cover?

Of course, you’re aware and well informed of how insurance policies work. The trip cancellation and trip interruption insurance work the same way. The credit card companies or any other insurance provider won’t reimburse your travel expenses when you cancel your trip simply because you’re busy with your personal responsibilities. Similarly, you won’t qualify for reimbursement if you return home earlier than planned because the vacation seems boring. If you don’t have a valid reason, you have no business making any claim.

The Trip Cancellation Insurance Covers:

  • Accidental bodily injury
  • Severe weather that leads to the cancellation of a covered trip before it starts
  • Loss of life by the Cardholder/insured
  • Sickness experienced by the insured
  • A formal notice by the government authorities advising Canadian citizens not to travel to a destination the insured is supposed to go for his trip
  • Sickness experienced by an immediate family member or travelling companion of the insured person.
  • A car accident that forces the cardholder/insured to miss their flight
  • Jury duty that can’t be waived or postponed.

The Trip Interruption Insurance Covers

  • Hijacking or terrorist action forcing the cardholder to discontinue the trip.
  • A formal notice by the government authorities advising Canadian citizens not to travel to a destination the insured is supposed to go for his trip
  • Loss of life of the insured person while on the trip
  • Sickness experienced by the insured person, his travelling companion or immediate family member
  • A car accident that forces the cardholder/insured to miss their connecting flight
  • Severe weather or road closure affects the trip and causes the cardholder to miss a connecting flight
  • The death of an immediate family member to the cardholder forcing them to return home earlier than planned.

What’s not covered by the Travel Cancellation and Trip Interruption Insurance?

  • Loss due to a pre-existing medical condition
  • Any self-inflicted injury
  • A declared or undeclared war
  • Change in travel plans
  • Drug abuse cases
  • Body injuries arising from dangerous activities
  • Choosing to travel against the advice of a physician
  • Involvement in criminal activities by the cardholder/insured individual
  • Terrorism
  • Mental complications by the cardholder/insured person

How to find the Best Travel Credit Card?

With all the choices available these days, it can be tricky to choose the right credit card for your needs. If you like to travel a lot, it would make sense to get a credit card that helps you pay towards your travel expenses. Some card issuers even have dedicated websites from where you can book flights directly using the points you have earned. While some card issuers are flexible with where the travel is booked.

Each reward credit card has different terms, point values and redeeming methods – so you should make sure you understand the card agreement for each card you’re considering to apply for. Offerhub.ca has your back, so take advantage of our comparison charts and find the best travel credit card in Canada.

Conclusion

For frequent travellers, cards focused on providing their customers with the best deals on hotels, access to airline lounges, no blackout dates, no foreign transaction fees and other travel-related amenities are a must.

Travel Rewards Credit Cards usually provide the same perks to their members such as no annual fees – usually applied to the first year as an introductory rate upon signing up – and big bonus points for certain amounts of purchases made on their credit cards. Discounted rates and cashback rewards are oftentimes also included in the mix.

But for travellers, the biggest perks are the additional incentives thrown in by the Travel Rewards Credit Card providers which enable them to enjoy travel-related benefits. The most popular incentive is being able to earn mileage points. The members can take advantage of flying for free to their chosen destinations depending on a number of points earned and even earn free lodging accommodations in the hotels of their choice.

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