View the Best Travel Credit Cards - Comparewise

Best Travel Credit Cards

Max your rewards today!

Travel

Special Offer: Upon sign up, new Plastk customers get 5000 Reward...
  • $48
    Annual fee
  • 5,000 pts
    Welcome Bonus
  • 1 pt
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
The National Bank World Elite Mastercard is one of the best reward credit...
  • $150
    Annual fee
  • 20,000 pts
    Welcome Bonus
  • 1.5 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
If there’s one thing that makes the American Express Aeroplan Card stand...
  • $120
    Annual fee
  • 10,000 pts
    Welcome Bonus
  • 1 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
The MBNA Rewards World Elite Mastercard has much to offer, from...
  • $120
    Annual fee
  • 30,000 pts
    Welcome Bonus
  • 5 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
No foreign transaction fees and high rewards on everyday purchases are a...
  • $120
    Annual fee
  • 25,000 pts
    Welcome Bonus
  • 5 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
The Scotiabank Passport Visa Infinite card is a rare credit card that...
  • $139
    Annual fee
  • 25,000 pts
    Welcome Bonus
  • 2 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
Featuring one of the best Air Miles earning rates, the BMO Air Miles World...
  • $120
    Annual fee
  • 2k miles
    Welcome Bonus
  • 1 mile
    Every $12 Spent
  • Min.Credit:
                        
  • Rating: no reviews
The RBC Avion Visa Infinite Business card allows you to capitalize on your...
  • $176
    Annual fee
  • 25,000 pts
    Welcome Bonus
  • 1.25 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews
The RBC Avion Visa Infinite is one of the best travel credit cards,...
  • $120
    Annual fee
  • 35,000 pts
    Welcome Bonus
  • 1 pts
    Every $1 Spent
  • Min.Credit:
                        
  • Rating: no reviews

Browse credit cards by Type

High-interest charges ...

Business credit cards ...

Credit cards are conve...

Most credit cards comb...

Having a credit card c...

With the credit card i...

If you have poor or no...

Getting your first cre...

Making purchases in US...

Travel Credit Cards

Taking a vacation overseas or going on holiday in a nearby province is not possible for everyone. It may take months to save enough for a family trip abroad or a solo adventure. That’s where travel rewards credit cards come in.

What is a Travel Rewards Credit Card?

A travel rewards credit card is the key that unlocks memorable international trips and cultural experiences. These credit cards earn you points or miles every time you use them.

They make travel more affordable, giving you access to premium perks like airport lounge access and baggage delay insurance.

There are two kinds of travel rewards credit cards:

  • General: These travel rewards credit cards allow direct books with airlines and hotels. Alternatively, you can use your points for travel-related purchases.
  • Co-branded: These travel rewards credit cards are linked to partner airlines and hotels. You will typically get discounts and rewards for a specific airline or hotel.

Common Features and Benefits

While every travel rewards credit card brings something unique to the table, their features often overlap. Some of the best travel rewards credit cards in Canada offer travel insurance.

This includes flight delays, trip cancellation, rental car damage, and medical emergency insurance. The condition for coverage is often that you must use your card to complete the purchase.

You can save hundreds of thousands of dollars with such a perk. That’s money you won’t have to pay out of pocket in an emergency.

Some travel rewards credit cards offer rental car discounts, hotel room upgrades, and free flight upgrades. Since benefits vary, it’s best to compare what different travel rewards credit cards offer before settling on one.

Pros and Cons of Travel Rewards Credit Cards

When getting a travel rewards credit card, consider the following benefits and drawbacks.

travel rewards credit cards - comparewise

The Pros of Travel Credit Cards

  • Lucrative welcome bonuses. Travel rewards credit cards have some of the most generous introductory offers.
  • Higher earn rates. Compared to other rewards credit cards, the earn rates for every dollar spent on travel rewards credit cards are higher. This allows you to accumulate points much faster.
  • Travel rewards and perks. You can earn points or travel miles that can be redeemed for your next trip abroad or within Canada. With some travel rewards credit cards, you can also redeem points for non-travel rewards. You may receive hotel room upgrades, dining and entertainment discounts, and rental car discounts.
  • Comprehensive insurance. Several travel rewards credit cards come with various insurance coverage. This is not only for travel but also for your purchases.

The Cons of Travel Credit Cards

  • Blackout periods. You may not be able to capitalize on certain perks during peak periods like holidays.
  • Foreign currency conversion fees. You can face high foreign currency conversion fees when making purchases that aren’t in Canadian dollars. The typical rate is 2.5%.
  • A lower value for non-travel-related rewards. Most travel rewards credit cards won't offer as much value for non-travel-related redemptions. If you're looking for cashback rewards with a high value, a cash rewards credit card might be better.
  • High-interest charges and annual fees. Travel rewards credit cards can be expensive. So if you don't often travel or plan to at all, the rewards may not outweigh the high-interest charges and annual fees.

Choosing the Right Travel Rewards Credit Card for You

With so many travel rewards credit cards in the market, it may seem impossible to choose one. Consider these pointers when making your decision.

  • Make sure the perks outweigh the annual fee.
  • Determine if the rewards program will make you jump several hurdles.
  • Ensure you’re eligible for the card.
  • Look out for the conditions related to the introductory offer.
  • Check out the credit card provider’s partnerships.

Discover Investment Opportunities

Make your money do more.

12 Results

Advertise disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Get $50 CAD of BTC with promo code: COMPAREWISE
Min Investment
$10
Target Return
4-7%
Trace crypto on Nexo and earn up to 20% APR
Min Investment
$1
Target Return
Up to 12%
Earn Up to 17% on your crypto and borrow USD
Min Investment
$1
Target Return
2-18%
Crypto exchange starting with just $10
Min Investment
$1
Target Return
Varied
Trade 150+ cryptos plus use your crypto for purchases
Min Investment
$1
Target Return
Varied
Buy and sell shares in best-selling paintings
Min Investment
$15,000
Target Return
10-25%
Connect with you fave music & own shares of songs
Min Investment
$1
Target Return
Varied
Get up to $5,000 cashback on Canada's #1 trading platform.
Min Investment
$100
Target Return
Varied
Earn rewards when you buy and sell crypto on BlockFi
Min Investment
$1
Target Return
Up to 8.6%
Make, buy, and sell digital art NFT's using Ethereum
Min Investment
$1
Target Return
Varied
A marketplace for small and local business investment
Min Investment
$100
Target Return
10-15%
Online real estate investment in one platform
Min Investment
$25,000
Target Return
9-24%

comparewise

March 17, 2022
Fact check by

FAQs about
Travel Credit Cards

Who Should Get a Travel Rewards Credit Card?

Frequent travellers and anyone who plans to travel at least once a year might consider a travel rewards credit card. Every dollar you spend on your card can earn you points. So, the more you spend, the more points you can put towards a trip.

Are Travel Rewards Credit Cards Worth It?

Absolutely. Travel enthusiasts will enjoy having a travel rewards credit card. You’ll get a great sign-up bonus for most cards, but you’ll also get insurance coverage. Some travel rewards credit cards also come with exclusive perks that will have you travelling in style.

How Do Travel Rewards Credit Cards Work?

Every dollar you spend earns you points or miles. Say, for instance, a card earns you 2 miles for every dollar you spend on groceries. If you spend $200, then you’ll earn 400 points.

You can then redeem your points for travel-related purchases like hotels and airfare. Some credit card providers even allow you to redeem points for non-travel-related purchases, like statement credits.

Am I Eligible for a Travel Rewards Credit Card?

Each card company has their own requirements. However, some requirements overlap. You will often need a credit score of 660 or higher. You must also be a Canadian resident and the age of majority in your province. Also, some credit card providers set income requirements, either personal or household.

Do Travel Rewards Credit Cards Have Annual Fees?

Most have an annual fee. The reason is, they provide lucrative rewards.

Car loan?
Personal Loan?

Top deals await you just a short
application away!