Why Should I Consider Travel Credit Cards?

It’s not surprising that credit cards have become an important part of the modern society. What’s interesting is that 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? Continue reading to find out more.

1. The American Express® Gold Rewards Card

This card perhaps is 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 jumpstart 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 a 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.

American Express Gold Rewards Card

Charge Card
$150
Welcome Bonus 25,000 Membership Rewards*

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. Last, 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.

2. TD® Aeroplan® Visa Infinite Card

 If you’re looking to start your Aeroplan mile bank, there’s nothing better than getting this credit card. Presently 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 the 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.

TD® Aeroplan® Visa Infinite Privilege* Card

19.99%
$399
Welcome Bonus up to 55,000 Aeroplan Miles*

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.

3. MBNA Rewards World Elite®

The MBNA Rewards World Elite Credit Card is simple and convenient. Every dollar you spend gives you the chance to earn 2% reward on everything. Perhaps the best thing about this credit card reward system is that you can use it to redeem anything you want including travel perks.

If you have a closer look at the card details, you would see that it is easy to earn two points for every dollar you spend on eligible purchases. Yes, there are no questions asked and the earn rate you get with MBNA Rewards World Elite card remains unmatched.

MBNA Rewards World Elite® Mastercard®

19.99%
$89
Receive 10,000 Bonus Points††
Get a $50 gift card from CompareMyRates.ca upon approval

As stated earlier, the reward points you collect with your MBNA Credit card can be used to purchase anything on your credit card at full value. For example, if you collect $200 as a reward by spending $10,000, these 200 bucks can be used to buy anything you want. The other huge advantage of this credit card is that you can ask the bank to directly deposit the $200 in your bank account – isn’t this amazing!

Can you only use MBNA rewards to redeem travel perks included in MBNA’s travel rewards catalog? Of course NOT! You can use your credit card to purchase any travel deal you like and then redeem your MBNA cash equivalent points against the purchase.