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20 Best Travel Rewards Credit Cards in Canada for May 2023

Canadians love to travel. Whether it be to escape the winter (snowbirds), for a summer vacation abroad, or any travel for that matter, the best travel credit cards in Canada can help you save a ton of money.

These credit cards offer a combination of rewards, including comprehensive travel insurance, free airport lounges, sign-up bonuses, and travel perks that can make your vacations much more enjoyable.

Because the cards on this list are awesome and offer real value, you will also find some of them on my list of best cash back credit cards and best credit cards with no foreign transaction fees in Canada.

Table of Contents Show

Featured Travel Credit Card

Neo Travel Card

Rewards and Perks: Earn up to 5% real cash back on purchases, 2% cash back on foreign currency transactions, 1.5x cash back boost when you book travel, hotel, and car rentals at Neo partners, Priority Pass airport lounge access at over 1,300 locations worldwide, and comprehensive travel insurance coverage.

Welcome offer: 15% cashback on your first purchases, plus a $25 welcome bonus.

Interest rates: 19.99% – 26.99% for purchases.

Annual fee: $4.99 monthly subscription (cancel anytime)

Credit score required: Poor or bad credit score.

Best Travel Credit Cards in Canada for 2023

Many of these two cards are the epitome of everything you want in a great card: high earn rates, easy and flexible redemption, solid sign-up bonuses, multiple perks, and a reasonable annual fee.

Read on to see what each card offers for perks and benefits, their annual fees, income eligibility, and any downsides.

1. Scotiabank Gold American Express Card

Scotiabank Gold American Express Card

Best travel credit card in Canada

Annual fee: $120

Rewards: Earn up to 6x Scene+ points on groceries, 5x pts. on dining, food delivery, & entertainment, 3x pts. on gas, and 1x pts. on everything else.

Welcome offer: Get up to 40,000 bonus Scene+ points in the first 12 months and no annual fee for the first year.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Minimum income requirement: $12,000

Recommended credit score:
660
900

Good

Scotiabank Gold American Express Card

On Scotiabank’s website

  • Zero foreign transaction fees when travelling overseas or shopping abroad.
  • Earn 6x Scene+ points at select grocery stores, including Sobeys and Safeway.
  • Earn 5x points on dining or food delivery at select stores and restaurants as well as select movies, theatres and ticket agencies.
  • Earn 3x points on eligible gas and transit purchases.
  • Earn 1 point for every $1 CAD spent on eligible purchases.
  • Comprehensive travel insurance benefits and extended warranty protection are included.
  • Priority Pass™ membership discount to access VIP lounges.
  • Amex Offers® including deals on shopping, travel and dining.
  • Access to Front Of The Line® presale tickets to concerts, restaurants and events.
  • Minimum annual income of $12,000 required.

Earn up to 6x Scene+ point

Lots of premium perks included

No foreign transaction fees

Low income eligibility at $12,000

Expensive annual fee

$29 fee for each additional card

Scotiabank Gold American Express Card provides a great opportunity to earn Scene+ points on all purchases and extra points on select purchases. Its zero foreign transaction fees and travel insurance coverage make it a good choice for travellers.

The Scotiabank Gold American Express is one of Scotiabank’s best credit cards, with a top-notch earn rate and a variety of redemption options. It offers:

  • $120 annual fee (waived in the first year)
  • Earn 25,000 bonus Scene+ points ($250 value) when you spend $1,000 in the first 3 months plus an extra 20,000 bonus points ($200 value) when you spend at least $7,500 in the first year (total bonus valued at $450)
  • Earn 6 points for every $1 spent at Sobeys, Safeway, FreshCo, Foodland, and other partner stores
  • Earn 5 points for every $1 spent on groceries, dining, and entertainment
  • Earn 3 points for every $1 you spend on gas, daily transit, and streaming services
  • Earn 1 point for every $1 spent elsewhere
  • No foreign transaction fee (a 2.5% savings on foreign currency purchases)
  • Comprehensive travel insurance including travel emergency medical, flight delay, trip cancellation/trip interruption, travel accident, rental car, hotel/motel burglary, delayed and lost baggage insurance.
  • Purchase security and extended warranty
  • Discounted Priority Pass membership (35% off) with access to 600+ VIP airport lounges worldwide
  • Special access to events with American Express Invites
  • Up to 25% discount on AVIS and Budget car rental
  • Complimentary 24/7 concierge services

The 5-6% rewards rate for this card on grocery, dining, and entertainment purchases are great. Add in the $450 bonus offer (45,000 points), and the $120 annual fee is easily paid off.

Personal income eligibility for the Scotiabank Gold Amex is very low at $12,000 per year. You can also read my complete Scotiabank Gold American Express review.

2. American Express Cobalt Card

American Express Cobalt Card

Best for travel rewards and perks

Annual fee: $155.88 (in monthly payments of $12.99)

Rewards: Earn up to 5X points on high-spend categories.

Welcome offer: Earn as many as 30,000 bonus Membership Rewards points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Minimum income requirement: No minimum income or credit limit requirements.

Recommended credit score:
660
900

Good

amex cobalt new card

On Amex’s website

  • Earn 5X points on food and drink purchases, including delivery.
  • Earn 3X points on streaming subscription bills.
  • Earn 2X points on travel and transit purchases.
  • Earn 1X points on all other eligible purchases.
  • Get 1 additional point for every dollar you spend on hotel or rental car bookings through American Express Travel.
  • Redeem points on travel with 1:1 transfers to several frequent flyer programs.
  • Enjoy exclusive access to tickets, virtual events, live performances, and more through American Express Experiences.
  • Access various travel insurance benefits, including emergency medical ($5M), travel accident ($250K), flight delay, baggage delay, hotel burglary, and rental car insurance.
  • No minimum income or credit limit requirements.

Attractive point redemption options

Comprehensive travel coverages

No minimum income requirement

5x points category is limited

High purchase APR at 20.99%

The American Express Cobalt Card offers a competitive points system with attractive point redemption options. With no minimum income requirement, it is an accessible option for those interested in a strong rewards system with comprehensive travel benefits.

The American Express Cobalt is not just a travel card; it is also great for earning rewards on your everyday spending. Here’s what you get:

  • $12.99 monthly fee ($155.88 annual)
  • Earn up to 30,000 in bonus points ($300 value) in your first year
  • Earn 5 points for every $1 spent at grocery stores, restaurants, bars, and cafes
  • Earn 3 points for every $1 spent on streaming subscription services
  • Earn 2 points for every $1 spent on gas, travel, and transit purchases
  • Earn 1 point for every $1 spent on all other purchases
  • Comprehensive travel insurance, including emergency travel (up to $5 million), flight and baggage delay, hotel/motel burglary, lost or stolen baggage, car rental, and travel accident insurance (up to $250,000)
  • Purchase protection plan and extended warranty
  • Access to VIP perks, including Amex Invites with Front Of The Line Access to in-demand events
  • Multiple rewards redemption options
  • Free supplementary cards

In addition to great travel rewards, the Amex Cobalt card also has one of the highest earn rates for grocery and food purchases in Canada.

Its 30,000 bonus points are achievable and only require you to charge at least $500 to the card every month.

American Express offers multiple ways to use your points, including:

  • Flights through their Fixed points Program, e.g. a long-haul flight between the U.S. and Canada requires 40,000 points at a maximum ticket price of $700.
  • Instantly for purchases on almost anything.
  • Ticketmaster.ca, where 2,000 points are equivalent to $20.
  • Amazon.ca, and more.

3. Neo Travel Card

You can turn your Neo Card™ into a premium travel credit card by subscribing to Travel perks for $4.99 per month. This unlocks over $360 in annual value.:

  • 2% cash back on foreign currency transactions
  • Priority Pass airport lounge access at over 1,300 locations worldwide
  • A 1.5x cash back boost when you book travel, hotel, and car rentals at Neo partners
  • Comprehensive travel insurance coverage, including emergency travel medical, trip cancellation, flight delay, and more
  • SmartDelay free airport lounge access when your flights are delayed by more than one hour

These benefits are in addition to standard offers on the Neo Card™, including an average of 5% cash back and up to 15% cash back on first-time purchases at over 10,000 stores across Canada.

Cardholders can use the Neo App to view and explore cash back offers based on their location.

You can subscribe to Travel perks when you need it and cancel at any time. Learn more about Neo perks.

Neo Financial Mastercard
APPLY FOR THE NEO TRAVEL CARD

Best Travel Credit Card for Airport Lounge Access

If you want a travel credit card that’s excellent for airport lounge access and premium perks, The Platinum Card from American Express is a good bet.

4. The Platinum Card from American Express

American Express Platinum Card

Top credit card for VIP perks

Annual fee: $699 (and $175 annual fee for additional cards)

Rewards: Earn 3x Membership Rewards Points on dining and food delivery, 2x pts. on travel and 1x pts. on everything else.

Welcome offer: Earn 80,000 bonus points if you spend $7,500 in the first 3 months.

Interest rates: Variable (charge card)

Minimum income requirement: N/A

Recommended credit score:
760
900

Very Good

American Express Platinum Card

On Amex’s website

  • Earn 3x Membership Rewards Points on food delivery and dining purchases.
  • Earn 2x points on travel purchases.
  • Earn 1x points on other purchases.
  • Use earned points to save on almost any purchase.
  • No preset spending limit.
  • Get a $200 annual travel credit on American Express Travel Online.
  • Get access to over 1,300 airport lounges around the world.
  • Engraved and precision-cut metal card.
  • Comprehensive travel insurance benefits are included.
  • American Express® Experiences, including Front of the Line Presales, Retail, Dining, and Wellness benefits.
  • Shopping coverage protects eligible purchases.

Earn up to 3x Membership Rewards Points

Use points to save on almost anything

Packed with premium perks

Engraved metal card

Very high annual fee

High annual fee for additional cards

The American Express Platinum Card is a premium card packed with benefits. It allows you to earn up to 3x Membership Rewards Points, which can then be used to save money on other purchases. It also comes with many premium perks, like access to airport lounges and comprehensive travel insurance coverage.

Best Prepaid Travel Credit Cards

These prepaid cards are light on your wallet, and you won’t have to worry about interest or hefty annual fees. They offer the convenience of credit cards and help you waive foreign currency transaction fees.

5. KOHO Premium Prepaid Mastercard

KOHO Extra (Premium) Prepaid Mastercard

Best premium prepaid card in Canada

Annual fee: $9/month or $84/year

Rewards: Earn 2% cashback on 3 categories of spending, and earn 0.5% cash back on other purchases. Up to 6% cash back at partner retailers.

Welcome offer: $20 sign-up bonus when you enter our CASHBACK promo code.

Interest rates: 0%

Minimum income requirement: None

Recommended credit score:
N/A

None

koho extra premium card-img

On KOHO’s website

  • Earn up to 6% cash back on purchases at partnered merchants and a higher minimum cash back rate on most purchases.
  • Earn 2% high interest on your balance.
  • No foreign exchange fees.
  • Get priority user support.
  • Get access to a financial coach to answer financial questions.
  • Get one free withdrawal per month at an international ATM.
  • Easily subscribe to credit building and improve your credit score.

Earn up to 5% cashback

No foreign exchange fees

No interest fees

Must pay a monthly or annual fee

Cash back rate is not as high as some cards

The KOHO Premium Prepaid Mastercard offers cashback on all purchases and pays interest on your balance. Waivers for foreign exchange fees and a free international ATM withdrawal make it a suitable option for travellers.

The KOHO premium Mastercard waives the foreign currency transaction fee and pays up to 2% instant cash back on your purchases.

Here are some of the benefits offered by KOHO:

  • No FX fees
  • Automatic savings using the roundup feature
  • Earn 2% interest on your balance
  • Earn cash back on purchases with 2% on three categories of spending and at select merchants
  • Get a $20 welcome bonus after you make your first purchase with the card (CASHBACK promo code is automatically applied via our link)
  • No monthly account fees for the basic account ($9 for KOHO Premium)
  • Price matching
  • Free financial coaching
  • 1x free international ATM withdrawal/month

Read our KOHO Premium review.

6. CIBC AC Conversion Prepaid Visa Card

Use this CIBC travel prepaid card to hold 10 currencies. Fund the card to earn 1% cash back on all purchases.

CIBC AC Conversion Visa Card

CIBC AC_Conversion Card Image

Earn 1%* cashback on purchases

Holds 10 currencies at once

No monthly account fees

Enjoy Visa’s Zero Liability

Best Travel Credit Card For Hotel Stays

Premium credit cards come in various flavours. These two cards take the top spot for the best sign-up welcome bonuses.

7. The Marriott Bonvoy® American Express®* Card

Marriott Bonvoy American Express Card

Best for Marriott Bonvoy points and perks

Annual fee: $120

Rewards: Earn up to 5X Marriott Bonvoy points on eligible purchases.

Welcome offer: Earn 65,000 bonus Marriott Bonvoy points when you spend $3,000 on purchases in the first three months. Plus an extra 10,000 points when you spend between 14 and 17 months of Cardmembership.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Minimum income requirement: No minimum income or credit limit requirement.

Recommended credit score:
660
900

Good to Excellent

On Amex’s website

  • Earn 5X Marriott Bonvoy points on every purchase made at participating hotels.
  • Earn 2X Marriott Bonvoy points on all other purchases.
  • Receive complimentary Marriott Bonvoy Silver Elite status, and then get upgraded to Gold Elite status after charging $30,000 to year card each year.
  • Enjoy an Annual Free Night Award after your card anniversary each year.
  • Earn 15 Elite Night Credits per calendar year toward reaching the next level of Elite Marriott Bonvoy status.
  • Access various travel insurance benefits, including travel accident ($100K), baggage, car rental, and flight delay insurance.
  • Enjoy exclusive access to tickets, virtual events, live performances, and more through American Express Experiences.
  • No minimum income or credit limit requirement.

Up to 5X points on hotel purchases

Comprehensive travel benefits and hotel rewards

Competitive 2X points on most purchases

Annual fee is on the higher side at $120

5X points category is limited to hotels

The Marriott Bonvoy American Express Card offers an excellent selection of travel benefits. It’s great for frequent travelers who will make the annual fee worthwhile by maximizing their use of its travel perks.

The Marriott Bonvoy® American Express®* Card offers one of the best rewards for hotel stays for Canadians. It replaces the Starwood Preferred Guest SPG card.

  • $120 annual fee
  • Earn a welcome bonus of up to 50,000 Marriott Bonvoy points when you charge $1,500 to your card in the first 3 months
  • Earn 5 points for every $1 spent at participating Marriott Bonvoy properties
  • Earn 2 points for every $1 spent on all other purchases
  • Redeem points for hotel stays at more than 7,000 hotels, including names like the Ritz-Carlton, St. Regis, Marriott Hotels, Le Meridien, and Sheraton
  • Get one free night every year (worth up to 35,000 points)
  • Complimentary Marriott Bonvoy Silver Elite status
  • Free supplementary cards
  • Free Marriott Bonvoy Gold Elite status when you spend up to $30,000 each year
  • 15 Elite night credits each year
  • Comprehensive travel insurance
  • Access to American Express Invites such as Front of The Line Advance Access
  • Purchase protection and extended warranty

The 50,000 bonus points are earned after you charge $1,500 in purchases to your Card in your first three months.

When you look at the value of the bonus points and add in the 15 Elite night credits and annual free night, this card is worth every penny.

Lastly, you can easily transfer your Marriott Bonvoy points to several other frequent flyer programs in exchange for miles.

Best Travel Card With No Foreign Transaction Fee

When you use your credit cards abroad, the foreign transaction fees add up. At a cost of 2.5% or more, these no-FX fee cards come in handy.

8. Scotiabank Passport Visa Infinite Card

Scotiabank Passport Visa Infinite Card

Best for no FX fees and travel perks

Annual fee: $150

Rewards: Earn 3x Scene+ points on eligible grocery purchases, 2x pts. on dining, entertainment and transit, and 1x pts. on everything else.

Welcome offer: Up to 40,000 bonus Scene+ points and no annual fee for the first year.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Minimum income requirement: $60,000

Recommended credit score:
760
900

Very Good

scotiabank passport visa infinite card

On Scotiabank’s website

  • Earn 3x Scene+ points for shopping at select grocery stores, including Sobeys and Safeway.
  • Earn 2x points on dining, select grocery stores, entertainment venues and eligible transit options.
  • Earn 1 point for all other eligible purchases.
  • No foreign transaction fees on purchases overseas.
  • Includes Avis® Preferred Plus membership.
  • Access to over 1,200 global airport lounges with the Visa Airport Companion Program.
  • Comprehensive travel insurance benefits are included.
  • A minimum annual income of $60,000 or a minimum household income of $100,000 is required.

Earn up to 3x Scene+ points

No foreign transaction fees

Premium perks like travel insurance included

High-income requirement of $60,000

$150 annual fee

The Scotiabank Passport Visa Infinite Card is a great option for anyone who wants to earn Scene+ points on their purchases. Zero foreign exchange fees, comprehensive travel insurance coverage, and Visa Airport Companion Program membership also make it a good option for travelers.

For a combination of zero foreign transaction fees and premium travel perks, the Passport Visa Infinite Card is a top contender.

  • $150 annual fee (waived in the first year)
  • Earn up to 40,000 bonus Scotia Rewards points ($400 value)
  • Earn 3 points per $1 spent at Sobeys, Safeway, IGA, FreshCo, and other partner stores
  • Earn 2 points per $1 spent on grocery, dining, entertainment, and transit purchases
  • Earn 1 point on all other purchases
  • No FX mark-up on foreign currency purchases
  • Complimentary Priority Pass membership with 6 free airport lounge visits per year
  • Comprehensive travel insurance, including travel emergency medical, trip cancellation and interruption, travel accident, flight delay, delayed and lost baggage, rental car collision loss/damage waiver, and more
  • Purchase protection and extended warranty

The Scotiabank Passport Visa Infinite’s 40,000 bonus point is worth $400 in travel costs. Earn 30,000 points when you spend $1,000 in the first 3 months and an additional 10,000 points if your annual card spending is $40,000 or more.

The annual complimentary Priority Pass membership and 6 free lounge visits are worth around $379, which more than covers the card’s annual fees. Add in your savings from foreign transaction fees, and this card has very little competition.

You need a minimum personal income of $60,000 (or $100,000 household income) to qualify for this card. You can also read my complete Scotiabank Passport Visa Infinite review.

Best Travel Credit Cards for Students

Want to pay low annual fees and earn reasonable rewards or cash back? Consider the RBC ION+ Visa or Tangerine Money-Back Credit Card.

9. Tangerine Money-Back Credit Card

You can apply for this credit card with a credit score of 600+ and an annual income of $12,000 or higher.

Tangerine Money-Back Credit Card

Best no-fee cash back credit card

Annual fee: $0

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.

Welcome offer: Get an extra 10% cash back on up to $1,000 in spending in the first 2 months ($100 value).

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Minimum income requirement: $12,000

Recommended credit score:
600
900

Fair to Good

Tangerine Cash Back Credit Card

On Tangerine’s website

  • No annual fee.
  • Unlimited 2% cash back in two spending categories. Get an extra 2% cash back spending category when you deposit your rewards in a free Tangerine savings account.
  • Unlimited 0.50% cash back on all other purchases.
  • Cash back earned is paid out monthly.
  • 1.95% promotional balance transfer for first 6 months; 3% balance transfer fee applies ($5 minimum).
  • Purchase assurance to cover loss, theft or damage of new items purchased using the card for up to 90 days.
  • Works with Apple Pay, Google Pay, and Samsung Pay.
  • Extended warranty for up to one extra year.

No annual fee

High cash back rates

Low-income requirement

Cash back paid monthly

Low-interest balance transfer

No travel insurance coverage

3% balance transfer fee

The Tangerine Money-Back Credit Card is one of the best cash back credit cards in Canada. It’s great for students and those who have a limited credit history. Cardholders can also enjoy no-fee chequing and a high interest savings account.

Best Travel Credit Card for WestJet Rewards

10. WestJet RBC World Elite Mastercard

The WestJet RBC World Elite card is a great card for maximizing your WestJet Rewards.

  • $119 annual fee
  • Earn 2% back on all WestJet flights and travel packages
  • Earn 1.5% on your general spending and save 3 cents per litre when you buy gas at Petro Canada
  • Free first checked bags on WestJet flights for the primary cardholder and up to 8 guests
  • Annual round-trip companion voucher
  • Comprehensive travel and purchase insurance coverage
  • Complimentary 24/7 concierge service

11. RBC Avion Visa Infinite

Another RBC travel credit card to consider is the RBC Avion Visa Infinite.

RBC Avion Visa Infinite Card

Competitive RBC rewards credit card

Annual fee: $120

Rewards: Earn 25% extra points on travel-related purchases.

Interest rates: 19.99% on purchases and 22.99% on cash advances.

Minimum income requirement: A minimum annual personal income of $60,000 or household income of $100,000.

Recommended credit score:
660
900

Good or better

RBC Avion Visa Infinite Card

On RBC’s website

  • Earn 1 Avion point for every dollar you spend.
  • Get 25% extra points on eligible travel-related purchases.
  • Redeem your points for air travel, with flights as low as 15,000 Avion points, or other merchandise, gift cards, or vouchers.
  • Cash in points toward paying off your credit card balance.
  • Use points to fly with any airline at any time of the year, including during peak travel seasons.
  • A minimum annual personal income of $60,000 or household income of $100,000 is required to apply.

Competitive purchase APR at 19.99%

Attractive point redemption options

 Earn points across spend categories

Limited insurance benefits

Minimum income requirement may be restrictive

The RBC Avion Visa Infinite Card provides attractive point redemption options for frequent flyers. With a manageable annual fee, it’s a good option for those who will maximize its rewards system by spending on travel.

Best Travel Credit Card for Low-Interest

12. HSBC +Rewards Mastercard

The HSBC +Rewards Mastercard will save you on interest costs if you carry a balance from month to month.

HSBC +Rewards Mastercard

Best for low-interest rates

Annual fee: $25

Welcome offer: Earn 35,000 points when you spend $2,000 within 180 days of account opening ($175 travel value).

Rewards: Earn up to 2 points per dollar on eligible purchases.

Interest rates: 11.9% on both purchases and cash advances.

Minimum income requirement: None

Recommended credit score:
720
900

Good

hsbc plus rewards vertical art

On HSBC’s website

  • Earn 2 points per dollar spent on eligible dining or entertainment purchases.
  • Earn 1 point per dollar spent on all other everyday purchases.
  • Pay a low-interest rate on purchases, cash advances and balance transfers.
  • Redeem your points on travel, gift cards, or financial rewards.
  • Receive purchase protection for 90 days from the date of purchase in case of loss, damage, or theft.

Very competitive purchase APR at 11.9%

Low annual fee

Points are unlimited

2X points categories are limited

Limited insurance benefits

Limited travel benefits

The HSBC +Rewards Mastercard is an excellent low-interest credit card with no minimum personal or household income. It offers a robust point system with attractive redemption options and is a solid beginner card.

Best No Fee Travel Credit Cards

If you don’t like the idea of paying annual fees in exchange for travel rewards, these cards charge $0 annual fees, offer travel insurance, flexible rewards, perks, and more.

13. Tangerine World Mastercard

Tangerine World Mastercard

Excellent no-fee cash back card with travel perks

Annual fee: $0

Rewards: Earn up to 2% unlimited cash back in 2-3 spending categories and 0.50% on all other purchases.

Welcome offer: Get an additional 10% cash back valued at $100 in the first 2 months.

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Minimum income requirement: $12,000

Recommended credit score:
660
900

Fair to Good

Tangerine Cash Back Credit Card

On Tangerine’s website

  • No annual fee.
  • Unlimited 2% cash back in two spending categories. Get an extra 2% cash back category when you deposit cash back earned in a free Tangerine savings account.
  • Unlimited 0.50% cash back on all other purchases.
  • Cash back earned is paid out monthly.
  • Complimentary Mastercard® Travel Pass Provided By DragonPass membership with access to over 1,300 airport lounges at $32 USD per visit.
  • Rental car and mobile device insurance are included.
  • Access to over 1 million Wi-Fi hotspots worldwide through Boingo Wi-Fi
  • 1.95% promotional balance transfer for first 6 months; 3% balance transfer fee applies ($5 minimum).
  • Purchase assurance to cover loss, theft or damage of new items purchased using the card for up to 90 days.
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.
  • Extended warranty for up to one extra year.

No annual fee

Easy access to airport VIP lounges

Car rental and mobile device coverage

High cash back rates with unlimited earning potential

Lacks comprehensive travel benefits

The Tangerine World Mastercard offers premium perks without charging an annual fee. Its competitive cash back earn rate makes it worthwhile for any wallet, and the mobile device and car rental coverage are solid benefits to have up your sleeve.

The Tangerine World Mastercard offers up to 2% cash back on purchases, and cardholders enjoy access to insurance and a complimentary airport lounge access membership.

  • No annual fee
  • Rental car collision/loss damage insurance
  • Mobile device insurance
  • Mastercard Airport Experiences Provided by Loungekey
  • Purchase protection and extended warranty
  • Access to Boingo Wi-Fi for Mastercard

14. MBNA Rewards Platinum Plus Mastercard

MBNA Rewards Platinum Plus Mastercard

Good no-annual-fee cash back card

Annual fee: $0

Rewards: Earn 2 points per $1 spent on groceries, restaurants, and bill payments. Earn 1 point per $1 spent on all other purchases.

Interest rates: Purchases 19.99%, cash advances 24.99%.

Minimum income requirement: No minimum income is advertised.

Recommended credit score:
725
900

Very Good

MBNA Rewards Platinum Plus Mastercard

On MBNA’s website

  • Earn 2 points per $1 spent on groceries, restaurants, digital media, and household utility bills.
  • Earn 1 point per $1 spent on all other purchases.
  • Annual birthday bonus equivalent to 10% of points earned in the previous 12 months.
  • Redeem for merchandise, travel, gift cards, statement balances, or charitable donations.
  • Mobile Device insurance of up to $1,000.
  • Extended warranty and purchase assurance on items purchased through the credit card.

No annual fee

Wide variety of redemption options

Good insurance options for a no-fee card

Earn rates on the categories are capped annually at $10,000

Point redemption values are higher on other cards

Cash redemption rates are poor (200 points per $1)

This card works well as an entry-level cash back credit card without annual fees. Points earned can be easily redeemed for various rewards.

The MBNA Rewards Platinum Plus takes top-tier status in the no-fee cash back and travel rewards categories.

  • No annual fee
  • Earn 2 points per $1 spent on gas, groceries, and restaurant purchases
  • Earn 1 point per $1 on all other purchases
  • Flexible rewards redemption, including travel, cash back, and merchandise
  • Comprehensive travel insurance
  • Purchase protection and extended warranty

This card has a cap of $10,000 on each purchase category eligible for the 2% earn rate. Learn more in this review.

15. Rogers World Elite Mastercard

Rogers World Elite Mastercard

Best credit card for USD cash back

Annual fee: $0

Rewards: 3% unlimited cash back in U.S. dollars, 1.5% unlimited cashback on other purchases.

Welcome offer: $25 in cashback on the first purchase made within three months.

Interest rates: 19.99% for purchases, and 22.99% for cash advances

Minimum income requirement: $80,000 minimum income or $150,000 household income.

Recommended credit score:
760
900

Very Good

Rogers World Elite Mastercard

On Rogers’s website

  • Earn 3% cashback for all your spending in U.S. dollars with no limit.
  • Earn 1.5% cash back on all other eligible purchases with no limit.
  • $80,000 minimum income or $150,000 household income requirement.
  • Includes Mastercard Travel Pass membership with access to over 1,300 airport lounges globally.
  • Trip interruption and trip cancellation insurance are included.
  • Extended warranty and purchase protection included.
  • Cover for rental car collision/damage included.
  • Must spend $15,000 each year to remain eligible.

Earn up to 3% cashback

Several travel benefits included

Includes travel insurance coverage

No annual fee

Must spend $15,000 a year to remain eligible

High minimum income requirement

The Rogers World Elite Mastercard offers a lot of benefits with no annual fee. The option to earn 3% cash back on U.S. dollar purchases could make it a great option for anyone who travels to the United States frequently, and the unlimited 1.5% cash back for other shopping makes it a tempting proposition.

The Rogers World Elite Mastercard often features among the best cards with no foreign transaction fees; however, its reward offerings were recently downgraded.

  • No annual fee
  • Earn 3% unlimited cash back on USD purchases
  • Earn 1.50% cash back on all other purchases
  • Comprehensive travel insurance, including car rental collision/damage, emergency medical, trip cancellation/trip interruption insurance
  • Purchase protection and extended warranty
  • Redeem your cash back rewards as a statement credit at any time (minimum $20), against your phone bill, for Toronto Blue Jays tickets, and more

The minimum personal income to apply for this card is $80,000 per year. Also, you need to spend at least $15,000 annually to remain eligible for the card.

Best Air Miles Travel Credit Card in Canada

Check out these cards for accelerated travel rewards.

16. BMO AIR MILES World Elite Mastercard

BMO Air Miles World Elite Mastercard

Best for earning Air Miles rewards

Annual fee: $120

Rewards: Get 3X Miles on purchases made at Air Miles partners.

Interest rates: 20.99% on purchases and 23.99% on cash advances.

Minimum income requirement: A minimum annual individual income of $80,000 or household income of $150,000.

Recommended credit score:
660
900

Good or better

BMO Air Miles World Elite Mastercard

On BMO’s website

  • Earn 3 Miles for every $12 you spend on everyday purchases made at participating Air Miles partners.
  • Earn 2 Miles for every $12 you spend on eligible grocery purchases.
  • Earn 1 Mile for every $12 you spend on all other purchases using your card.
  • Save with a 25% discount on one flight per calendar year.
  • Enjoy discounted access to airport lounges worldwide.
  • Get a 25% discount on rental cars at participating National Car Rental and Alamo Rent a Car locations.
  • Access various travel insurance benefits, including emergency medical, rental car insurance, and more.
  • A minimum annual individual income of $80,000 or household income of $150,000 is required.

Comprehensive travel benefits

Up to 3X Miles on select purchases

Competitive savings on flights

High purchase APR at 20.99%

3X Miles category is fairly restricted

Minimum income requirement may be restrictive

The BMO Air Miles World Elite Mastercard has a strong travel rewards program in the form of Air Miles without a hefty annual fee. Frequent flyers and travelers are best suited to take advantage of all that this card offers.

The BMO AIR MILES World Elite Mastercard has one of the best earn rates of any AIR MILES credit card in Canada. Here’s how it stacks up:

  • $120 annual fee
  • Earn 1 reward mile for every $12 spent anywhere
  • Earn 2 rewards miles for every $12 spent at any eligible grocery store
  • Earn 3 rewards miles for every $12 spent on purchases at participating AIR MILES partners
  • 25% discount on one worldwide AIR MILES flight redemption during the year
  • Complimentary membership in Mastercard Travel Pass with access to VIP airport lounges for a fee of $32 USD
  • Up to 25% discount at National Car Rental and Alamo Rent-a-Car
  • Comprehensive travel insurance
  • Extended warranty and purchase protection

The $120 annual fee for the BMO AIR MILES World Elite is waived in year one. Since there is no limit to how many miles you can earn with the card, you could easily accumulate several free flights each year.

Like other World Elite cards, you need a minimum personal income of $80,000 to qualify. An alternative card without the income requirement is the BMO AIR MILES Mastercard.

More Travel Rewards Cards For Canadians

There are a few other travel credit cards that are worth checking out if you plan to travel frequently within and outside of Canada.

17. TD First Class Travel Visa Infinite Card

The TD First Class Travel Visa Infinite comes loaded with bonus TD Points and a full annual fee rebate for the first year.

  • $139 annual fee
  • Earn 9 TD Points for every $1 spent on travel through Expedia for TD (4.5% reward rate)
  • Earn 3 points for every $1 spent on everything else (1.5% reward rate)
  • Comprehensive travel insurance
  • Discounted Priority Pass membership
  • Up to 10% off car rentals at participating Avis and Budget locations

Note that a personal income of $60,000 or $100,000 household income is required to be eligible for this card.

18. Home Trust Preferred Visa

The Home Trust Preferred Visa is the second card I recommend if you want a travel credit card with zero foreign transaction fees.

  • No annual fee
  • No foreign currency conversion fees
  • Earn 1% unlimited cash back on all purchases
  • Purchase security insurance

While the Home Trust Preferred has no sign-up bonus, its no annual fee, 1% flat rewards rate, and savings on foreign currency purchases are noteworthy.

Some downsides to this card include its unavailability to Quebec residents and a limit of 10 transactions per day.

19. STACK Prepaid Mastercard

This prepaid Mastercard comes with many of the benefits you want when you are travelling abroad, and more importantly, there are no monthly or annual fees. You can read my detailed STACK review for more information.

  • $0 to $7.99 monthly fee
  • No foreign currency exchange fees (when you spend $350+ per month using your card)
  • No ATM withdrawal fees
  • $5 sign-up bonus (when you load $300+ to your new account)
  • Earn cash back rewards on your spending
  • Automated savings plan and free budgeting tool
  • Get rewarded for every friend you refer

20. CIBC Aventura Visa Infinite Card

The CIBC Aventura Visa Infinite Card offers a noteworthy set of travel benefits and rewards.

  • $139 annual fee
  • Complimentary Priority Pass membership with four free VIP airport lounge passes
  • Earn 2 points per $1 spent on trips purchased through the CIBC rewards centre
  • Earn 1.5 points per $1 spent on gas, grocery, and drugstore purchases
  • Earn 1 point per $1 for everything else
  • Comprehensive travel and purchase insurance
  • Nexus card application fee rebate every fourth year (worth $50)
  • Mobile device insurance (up to $1,000)

Methodology:

We have considered many factors to determine the best travel credit cards in Canada. These include the benefits from loyalty programs, credit card earn rates, the flexibility of redeeming points, annual fees, premium perks like travel insurance and airport lounge access, and more.

Best Travel Credit Cards in Canada Compared

Can’t be bothered to read through the full post? I have highlighted the best cards (in my opinion) in each category below:

Credit CardBest ForRewardsAnnual Fee
Scotiabank Gold American Express CardTop travel credit card1-5 Amex points per $1 spent$120
American Express Cobalt CardBest travel card for everyday purchases1-5 Amex points per $1 spent$155.88
Neo Travel CardTravel perks and cash back on FX purchasesAverage 5% cash back$59.88 ($4.99 monthly)
Platinum Card from AmexBest for airport lounge access and premium perks1-3x Amex Membership Rewards points$699
KOHO Premium Prepaid MastercardBest no-fee prepaid travel rewards cardUp to 5% cash back$9 monthly or $84/year
CIBC AC Conversion Visa CardBest for holding multiple currencies1% cash backNo monthly fee
The Marriott Bonvoy® American Express®* CardBest travel card for hotels2-5 Marriott Bonvoy points for every $1 spent$120
Scotiabank Passport Visa Infinite CardBest travel card with no FX fees1-3 Scotia Rewards points per $1 spent$150
Tangerine Money-Back Credit CardBest no-fee travel credit card for studentsUp to 2% cash back$0
WestJet RBC World Elite CardBest for maximizing your WestJet Rewards1.5%-2% back in WestJet dollars$119
RBC Avion Visa InfiniteExcellent RBC travel credit card1 Avion point per $1; 25% more points for travel purchases$120
HSBC +Rewards MastercardBest for low interest2 points per $1$25
Tangerine World MastercardBest for no-fee premium rewardsUp to 2% cash back$0
BMO AIR MILES World Elite MastercardBest Air Miles credit card1-3 reward miles for every $12 spent$120
Home Trust Preferred VisaBest no-fee card for no FX fees1% unlimited cash back$0
TD First Class Travel Visa Infinite CardBest for earning TD Points3-9 TD Points for every $1 spent$139
MBNA Rewards Platinum Plus MastercardBest for no fee and travel rewards1-2 points for every $1 spent$0
Rogers World Elite MastercardNo FX fees with cash back1.5%-3% cash back$0
STACK Prepaid MastercardBest for no-fee travel benefitsInstant cash back$0
CIBC Aventura Visa Infinite CardBest for VIP airport lounge access1-2 points for every $1 spent$139

What is a Travel Credit Card?

Travel credit cards are popular in Canada, and there are two main types: those specific to an airline or hotel and those that offer general travel rewards you can use in more ways.

Some allow you to earn points that you can put towards flights and other travel-related discounts. With others, you earn miles directly.

The value of your rewards can be fixed or variable. For example, if you redeem your rewards for flights, your destination, date of travel, class, etc., can all impact the value of the points.

Many also come with travel-related perks like free access to airline lounges and travel insurance coverage.

Types of Travel Credit Cards in Canada

There are several types of travel credit cards to choose from in Canada.

General Rewards

You can redeem these rewards for different types of travel, not just flights. For example, you may be able to redeem them for stays in hotels, cruises and vacation packages.

These credit cards are more flexible, which is why they are so popular, and you are not restricted to using one airline or staying in one hotel chain.

Hotel Rewards

With these cards, you can redeem your points to stay in hotels for discounts or even get free stays. They are linked to specific chains, and you may get extra bonuses like being able to stay free for your birthday.

You may also get other perks like discounts at the restaurant and free Wifi.

Airline Rewards

With airline rewards cards, you can redeem your points for flights on a specific airline or group of airlines.

You can often transfer your points to another airline in a group. For example, Aeroplan is Air Canada’s loyalty program, but you can use your points for any airline in the Star Alliance network.

You may be able to use your points on vacation packages provided by the airline as well as merchandise. In addition, these credit cards often come with additional perks like priority boarding.

How to Choose a Travel Credit Card in Canada

When choosing a travel credit card in Canada, there are several key areas to consider.

Rewards

Start by looking at the rewards offered. There are different types of rewards, as explained above. For example, you may prefer a specific airline or hotel chain, and you will want to earn points to redeem on an airline or hotel you will use.

How can you redeem the points? Are they just for travel, or can they be used more generally? For example, you might be able to redeem points for gift cards or merchandise.

Earn Rate

How many points can you earn? Naturally, you want as many points as possible. For example, there may be several Aeroplan credit cards, but some may make earning more points easier.

Many cards provide different ways to earn additional points. For example, you could earn more points by spending on specific categories or in specific places.

Annual Fee

You may be tempted by the rewards, but make sure the cost is worth it. Many of the best travel credit cards have an annual fee, and some cost hundreds of dollars.

Make sure you can take full advantage of your card to make the fee worthwhile.

Welcome Bonuses

Look out for welcome bonuses. These change all the time, but they can be excellent and can be especially useful if you are planning a trip.

You may receive many points or miles just to open the account. Or you may have to spend a certain amount on your card to claim them.

Travel Perks

Travel credit cards often come with additional perks, so check whether any are included.

For example, travel insurance is one of the major perks. You may not need to spend extra on travel insurance for your trip because you are already covered by your credit card, saving you hundreds of dollars.

Other perks include:

  • Free checked bags for your flight.
  • Free access to airport lounges.
  • No fees on foreign currency transactions.
  • Concierge service to help with booking trips, events, etc.
  • Seat upgrades on flights.
  • Room upgrades in hotels.
  • Discounts on car rentals

Types of Credit Card Travel Insurance in Canada and How Each One Works

Travel insurance coverage is one of the perks offered by many travel credit cards in Canada. But there are several types of travel insurance.

Some cards may include all of these, while others may only include a few.

With all of these, you should find out about limitations. For example, people with pre-existing medical conditions may not be covered.

Out-of-Province Travel Emergency Medical Insurance

This is the most important type of travel insurance. If you have a medical emergency outside of your home province, it could cost tens or hundreds of thousands of dollars.

This insurance covers the costs, and the maximum amount is usually high.

Travel Accident Insurance

This insurance covers your medical costs if you have an accident while on transportation.

Sometimes it is limited to travelling by plane. But it may include other types of transport like trains.

This insurance will cover your expenses, but limits are usually lower than those for emergency medical insurance.

Travel Interruption/Cancellation Insurance

If you have to cancel your trip or go home early, you may have lots of expenses to cover, including travel costs. This insurance helps to cover these.

However, check the limitations. You can’t often cancel your trip just because you want to. For example, you may only be able to use this insurance if you fall ill or due to the death of a close relative.

Lost/Delayed Baggage Insurance

If your baggage is lost or delayed during your trip, you can get covered up to the maximum amount stated in the policy.

For example, you may face additional expenses while waiting for your baggage to arrive.

Flight Delay Insurance

Flight delays can be very frustrating. But you may be able to get your expenses covered for things like meals and accommodation, often after a set amount of time has passed.

Hotel/Motel Burglary Insurance

This insurance covers the costs if your items are stolen from your hotel or motel room. But there may be restrictions like the types of items covered and the maximum cost per item.

Rental Car Collision/Loss Damage Insurance

You could get this insurance coverage if you rent a car and are involved in a collision or if it’s stolen.

Your rental car company may offer you a collision damage waiver, but you can use your credit card cover instead.

Primary cover means it will become the primary insurance instead of your personal insurance policy, while secondary means it covers anything your personal insurance does not cover.

How Do Travel Credit Card Points Rewards Work?

To get the most out of your travel rewards, you need to understand how they work.

Earn Rate

The earn rate is the number of points or miles you earn per every dollar spent. The more points you can earn, the better.

Some travel credit cards have a flat rate, while others provide more points for purchases in different categories. Some may have a larger earn rate, and you may earn more when you purchase with a partner, like Air Canada for Aeroplan cards.

Points Value

The value of points can change depending on where you travel to, the time of year you travel, and other factors.

You can work out the value of your points depending on the offer. For example, if a flight costs $500 and you can use 20,000 Aeroplan points to buy it, the value of each point is 500/20,000 ($0.025 per point).

You could compare this with another discount and work out which gives you the most value for your points.

Expiration

Points usually remain active while your account is open, but sometimes they may expire if you don’t use them for a year or 18 months.

But as long as you earn at least one point in that time, you should keep the points.

How to Redeem Travel Credit Card Rewards

Depending on the loyalty program, there are different ways to redeem your miles or points.

You will usually be able to redeem points via the credit card issuer’s website. However, if the rewards are offered by an airline or hotel, you can usually redeem them via the website or app when you book your flight or hotel stay.

Consistent Points

These are where points have the same value whatever you redeem them for, and they are the easiest to use.

Fluctuating Points

These are the most common type of reward points, and the value of the points changes based on how you use them.

For example, the value may depend on your destination, travel date, etc. Your points may also be worth less during peak season.

Point Transfers

This is where you can transfer your points to other loyalty programs. For example, when you earn Amex Membership Rewards, you can often transfer these points to several other loyalty programs at a 1:1 ratio.

With other point transfers, your points may be worth less after making the transfer.

How to Maximize Travel Credit Card Rewards

You’ll want to get the most out of your credit card rewards, and there are several things you can do:

  • Get your welcome bonus by meeting any minimum spending requirements.
  • Make purchases in categories where you can earn more points, like groceries, to increase your earn rate.
  • Always calculate how much your points are worth before you redeem them.
  • Research different rewards programs and choose the one that allows you to get the most benefits based on your spending habits.
  • Always pay off your balance, so you don’t have to pay any interest.

How to Apply for a Travel Credit Card in Canada

Applying for a travel credit card is straightforward. First, you need to choose the right card for your situation.

This is the step you want to spend the most time on because you want to ensure you find the best card for your needs.

Check the requirements of the card. For example, there may be a minimum personal or family income requirement, and your credit score will usually need to be good.

You can normally apply via the website. Simply provide your details, and your application may be accepted or rejected immediately, or it may take longer.

Then just wait for your card to arrive, activate it and start using it.

Benefits of Travel Credit Card

  • Save on flights, hotels and other travel-related expenses.
  • Enjoy premium perks like free access to airport lounges.
  • You may get travel insurance coverage included.
  • Earn points for your everyday spending.
  • Transfer your points to other loyalty programs.

Downsides of Travel Credit Card

  • Some cards have expensive annual fees.
  • There may be restrictions when it comes to travel insurance and other perks.
  • Sometimes redeeming points can be complicated when the point values change.

Frequently Asked Questions

What is the best travel credit card in Canada?

There are many excellent travel credit cards in Canada, but we recommend the Scotiabank Gold American Express Card as the best overall travel credit card.

Do I need a good credit score to apply for a travel credit card?

You will usually need a score of 660 or over to apply for a travel credit card. You may want to apply for a prepaid travel card if you have a lower score.

What should I consider when choosing a travel credit card?

There are several factors to consider, including the rewards, earn rate, premium perks, travel insurance coverage, ease of redeeming points, annual fee, and any application requirements like a minimum personal income amount.

Conclusion

Check out this list for some of the best travel credit cards available in Canada. The cards vary in many ways, including annual fees, types of rewards and earn rates, income eligibility, travel insurance coverage, and more.

Depending on what your travel preferences and needs are, one or two of these cards should be able to satisfy your wanderlust requirements and save you money while you are at it!

Related: Best Aeroplan Credit Cards in Canada.

Best Credit Offers in May 2023

Get up to 5% cashback and grow your savings ($20 bonus)

Best free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Increase your credit score with an optional credit building add-on.

Earn up to 2.00% interest on your entire balance.*

Get the best no-fee cash back credit card in Canada ($100 bonus)

Earn 2% unlimited cash back in up to 3 spending categories.

Get a $100 welcome bonus after spending $1,000 in the first two months.

1.95% low-rate balance transfer and purchase protection insurance.

No annual fees to use the card; cashback is paid out monthly.

Earn up to 5% cash back at over 10,000 retail locations ($25 Bonus)

Get a $25 bonus when you are approved for the Card.

No annual account fees.

Earn up to 5% unlimited cash back at 10,000+ participating stores.

Guaranteed instant approval credit card.

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in Forbes, The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

3 thoughts on “20 Best Travel Rewards Credit Cards in Canada for May 2023”

  1. Gravatar for Daniel Skorzewski

    Which card has the best travel reward rate for everyday spending? I travel once or twice a year to Mexico and sometimes to Europe/Asia. I spend around 25000$ a month on my card most of which is everyday spending.

    • Gravatar for Enoch Omololu

      @Daniel: Right now the Scotia Gold AMEX is looking very good. Depending on your tastes for reward type, you could also take a look at the AMEX Cobalt, TD Aeroplan Visa Infinite (for Aeroplan miles) and BMO AIR MILES World Elite Mastercard (Air Miles).

      You can read more about the Scotiabank Gold American Express here: https://www.savvynewcanadians.com/scotiabank-gold-american-express-card-review/

  2. Gravatar for Deborah

    I have no Out of Province insurance. Which credit card will give me the best travel medical and cancellation insurance coverage. I may take 2 trips to Florida and one European trip annually. I am currently 68 and good health.
    Thank you.

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