Best Travel Credit Cards Canada

Find Canada's Best Credit Card With Rate Genie

WRITTEN BY
Priya Correia
Updated September 17, 2020

Best Travel Cards 2020

When deciding which travel reward credit card you want, you’ll first have to figure out which type of travel credit card you need. There are two types of travel reward credit cards: 

  • General Travel Reward Credit Cards – A general travel credit card will allow you to directly use your points to book a flight or hotel or turn your points into credit which you can choose to use for travel or any other purchase. 
  • Co-branded Travel Reward Credit Cards – A co-branded travel credit card is a credit card that is in partnership with a particular airline or hotel. This card would provide you with special discounts and rewards for a specific airline or hotel.

If you have a preference, you may find co-branded credit cards that exclusively provide points with a certain airline such as Westjet or AirCanada. If you prefer having your options open, a general travel credit card will provide flexibility and variety in choice. 

What To Consider When Choosing a Travel Credit Card? 

  • Where is it Accepted?  – If you plan on using your credit card abroad you should find out where it is accepted. While Visa and Mastercard are widely accepted, American Express less so. 
  • Foreign Transaction Fees – If you’re a frequent flyer and plan on using your card when travelling, be sure to understand the foreign transaction fees. Many cards charge between 1.5% to 3% per transaction. 
  • Annual Fee – Another cost you should consider before signing up for a travel credit card is the annual fee. You should always be aware of how much you need to spend in a year to cover the cost of the annual fee. If your spending habits won’t accumulate enough points to cover your fee, you should consider an alternative credit card.
  • Perks – Keep a lookout for travel insurance, travel credit, free flights and lounge access when choosing a travel credit card. Depending on the credit card and provider you may find all or some of these perks
  • Sign-up Bonus – Often credit card companies will offer great welcome bonus points that are worth a couple of hundred dollars. However, to earn them you will usually have to spend a certain amount of money within a certain period of time. It’s essential that you understand the terms and conditions of the offer as it’s easy to forget and lose out on such opportunities. 

5 Best Travel Credit Cards

  • CIBC Aerogold Visa Infinite Privilege
  • MBNA Alaska Airlines World Elite Mastercard
  • RBC British Airways Visa Infinite
  • Scotia Passport Visa
  • RBC WestJet World Elite Mastercard

CIBC Aerogold Visa Infinite Privilege

CIBC Aerogold Visa Infinite Privilege

Annual Fee$399
APR19.99%
Cash Advance Rate22.99%
Welcome Bonus25,000 Aeroplan Miles

CIBC Aerogold Visa Privilege is a credit card that lets you earn Aeroplan Miles. This card offers a great welcome bonus of 25,000 Aeroplan points when you spend 3,000 within the first 4 months of signing up. You can continue earning 1.5 Aeroplan points per dollar spent on eligible purchases. This includes gas, groceries, pharmacies, and travel purchases through Air Canada. All other purchases will earn you 1.25 Aeroplan points on every dollar spent. 

You can use your Aeroplan points to book trips, buy merchandise, pay down your credit card balance, and make contributions to other financial products such as a savings account, RRSP, or mortgage. The value your Aeroplan points give is dependent on what you buy. For example: 

  • 1 Miles = $0.006 for credit  
  • 1 Miles = $0.008 towards any financial product
  • 1 Miles = $0.007 for gift card

Extra Features 

  • Insurance coverage – Access to rental theft and damage insurance, medical insurance, flight delays insurance, baggage theft and damage insurance, mobile device insurance, hotel burglary insurance, and purchase protection. 
  • Annual Travel Credit – Get a $200 travel credit a year when you book through Aventura Travel Assistant.  
  • Nexus – Cross the borders faster with 2 application rebates for Nexus. 

Eligibility Requirements

  • You are a Canadian citizen
  • You have reached the age of majority in your province
  • You need a household income of at least 200,000
  • You haven’t declared bankruptcy in the last 7 years

MBNA Alaska Airlines World Elite Mastercard

MBNA Alaska Airlines World Elite Mastercard
Annual Fee$99
APR19.99%
Cash Advance Rate22.99%
Welcome Bonus30,000 Miles

MBNA Alaska Airline World Elite Mastercard is catered to Canadians living in Alberta and British Columbia as you can only board the Alaska Airlines from a few select cities in those provinces.  They are currently offering a welcome bonus of 30,000 miles which you can earn by spending $1,000 within the first 3 months of opening an account. This bonus is easily equivalent to a one-way flight anywhere in Canada, the US, and as far as parts of Asia. You can continue to accumulate 3 miles per dollar spent when you use Alaska Airlines to book trips. All other purchases will earn you 1 Mile per dollar spent. 

Extra Features 

  • Companion Fare – Every year you can book a round trip for $99 USD plus tax anywhere on the Alaska Airline route.     
  • Price Protection – If the ticket you bought reduces in price within 60 days, you can get refunded the difference.

Eligibility Requirements

  • You are a Canadian citizen
  • You have reached the age of majority in your province
  • You need an individual income of at least $80,000 or a household income of at least $150,000  

RBC British Airways Visa Infinite

RBC British Airways Visa Infinite

Annual Fee$165
APR20.50%
Cash Advance Rate22.99%
Welcome Bonus50,000 Avios

RBC has partnered up with British Airways to create the RBC British Airways Visa Infinite credit card. When you’re approved for the RBC British Airways Visa Infinite card you’ll be rewarded with 15,000 Avios points. From there you have the opportunity to earn another 25,000 Avios if you spend $5,000 within the first 3 months of signing up. Another 10,000 Avios can be earned when you renew your card after a year. In general, all purchases will earn you 1 Avios per dollar spent on eligible items, however, you can double those points when you make any British Airways purchases. 

You can use your Avios points for all travel-related expenses. However, the downside with this card is that you can only use your Avios points on British Airways and their airline partners in Oneworld Alliance.

Extra Features 

  • Protection – When travelling you’ll be equipped with purchase, medical, car rental, hotel burglary, and trip cancellation insurance. 
  • Extra Points – Earn 20% more petro points and save 3 cents per litre when you link your card to petro Canada. 
  • eVoucher – Get a companion eVoucher when you spend 30,000 in a year. 

Eligibility Requirements

  • You are a Canadian citizen
  • You have reached the age of majority in your province
  • You need an individual income of at least $60,000 or a household income of at least $100,000

Scotia Passport Visa Infinite

Scotia Passport Visa Infinite
Annual Fee$139
APR19.99%
Cash Advance Rate22.99%
Welcome Bonus30,000 Scotia Reward points

The Scotia Passport Visa offers flexible rewards and a great welcome bonus that has a value of up to $300. You can earn 2 Scotia Reward points per dollar on eligible grocery stores, gas stations, restaurants, transportation, and entertainment purchases. All other eligible purchases will earn you 1 point on every dollar spent. The 30,000 welcome bonus is earned by spending $1,000 on your account within 3 months of signing up.

You can redeem your Scotia Reward points to purchase merchandise, prepaid cards, gift cards, or to pay down your credit card. You can also convert your scotia reward points to SCENE points which you can redeem for movies. Lastly, you can use your points for all your travel expenses no matter who the provider is.

Extra Features 

  • Insurance coverage – Provides classic travel protection such as medical insurance, flight delays insurance, trip cancellation insurance, baggage insurance, and purchase protection.  
  • Lounge Access – 6 free airport lounge visits and access to priority pass membership.
  • Foreign Transaction Fees – No foreign transaction fees. 

Eligibility Requirements

  • You have reached the age of majority in your province
  • You need a personal income of at least 60,000 or a household income of $100,000

RBC WestJet World Elite Mastercard 

RBC WestJet World Elite Mastercard
Annual Fee$119
APR19.99%
Cash Advance Rate22.99%
Welcome Bonus350 Westjet Dollars

RBC WestJet World Elite Mastercard is a co-branded credit card that offers great perks and value for Westjet travellers. The RBC WestJet World Elite Mastercard offers one of the easiest and fastest ways to earn the welcome bonus of 350 Westjet dollars which is equal to $350 Canadian dollars. You can earn 250 Westjet dollars when you are approved for the RBC WestJet World Elite Mastercard and another 100 Westjet dollars when you make your first purchase. You can continue earning 1.5% WestJet dollars on every dollar spent on all eligible purchases. Extra WestJet dollars (2%) can be earned when you book trips using WestJet. You can redeem your Westjet dollars for any ticket, trips or vacation packages through WestJet. 

Extra Features 

  • Insurance coverage – Provides classic travel protection such as flight delays insurance, trip cancellation insurance, baggage insurance, and purchase protection.  
  • Extra Points – Earn 20% more petro points and save 3 cents per litre when you link your card to petro Canada. 
  • Travel Perks – Gain a round trip companion voucher anywhere on Westjet’s route network. 

Eligibility Requirements

  • You are a Canadian citizen
  • You have reached the age of majority in your province
  • You need an individual income of at least $80,000 or a household income of $150,000  

Bottom Line

The featured cards all provide great welcome bonuses and perks when you open an account. However, based on your income, spending habits, and needs, some will provide you with more benefits than others. For example, if you value flexibility and variety the Scotia Passport Visa Infinite will be more preferable to the RBC WestJet World Elite Mastercard as you can use it to not only make travel-related purchases but you can use to pay down your credit card, purchase merchandise or convert it to SCENE points. As such, you should always evaluate and compare your options to choose a credit card that best matches your needs. 

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Sign Up Bonus Annual Fee Purchase APR Cash Advance Interest Rate Regular Balance Transfer Rate Recommended Credit Score
Sign Up Bonus Annual Fee Purchase APR Cash Advance Interest Rate Regular Balance Transfer Rate Recommended Credit Score
Tangerine World Mastercard® logo

Tangerine World Mastercard®

4%
Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard.  (new clients only)
$0
19.95%
19.95%
19.95%
740-850
Apply
Tangerine World Mastercard® logo

Tangerine World Mastercard®

Apply for this card

Annual Fee

$0

Snapshot of card details

Purchase APR
19.95%
Cash Advance Interest Rate
19.95%
Regular Balance Transfer Rate
19.95%
Recommended Credit Score
740-850

Tangerine World Mastercard: 

  • Promotional rate: Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard.  (new clients only)
  • Personalized categories and unlimited money-back rewards monthly
  • Automatic earning:  Money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
  • No annual fee
  • After promotional period, 2% cashback on your choice of up to 3 categories, 0.5% money back on all other purchases
  • Change your 2% Money-back categories to suit your spending from your choice of 10 categories
  • 1.95% on Balance Transfers for six months
  • Zero Liability: As a Mastercard user, you don’t have to worry when using the credit card and you’re not responsible for unauthorized purchases made with your card
  • Extended Warranty: Doubles the original manufacturer’s warranty for up to one year when you pay with your eligible Mastercard
  • Purchase Protection: Provides coverage for most items you purchase with your eligible Mastercard if the item is damaged or stolen within 90 days of the date of purchase
  • Priceless Cities: Mastercard cardholders can enjoy special and unique offers on unforgettable experiences around the world with Priceless Cities
  • Exclusive Experiences and Offers: Cardholders get preferred access to an array or valuable offers, upgrades and experiences 
  • Learn more here.

Tangerine World Mastercard Benefits:

  • Rental Car Collision/Loss Damage Insurance**: Damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card.
  • Mobile Device Insurance**: Protection on new cell phones, smartphones or tablets when you charge the full cost to your Card, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure. Mastercard® Airport Experiences Provided by LoungeKey***: Make the most of your travel with Mastercard® Airport Experiences Provided by LoungeKey. Your complimentary membership gives you exclusive dining, retail and spa offers in over 400 airports worldwide, along with access to over 1000 lounges at $32 USD per visit. Learn more at airport.mastercard.com.
  • For more information on insurance details, please see this link.
BMO® U.S. Dollar MasterCard® logo

BMO® U.S. Dollar MasterCard®

0
$35
19.99%
22.99%
22.99%
740-850
Apply
BMO® U.S. Dollar MasterCard® logo

BMO® U.S. Dollar MasterCard®

Apply for this card

Sign Up Bonus

0

Annual Fee

$35

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • The ideal way to travel and shop – or buy online – from U.S. retailers
  • Shop with no exchange rate surprises.
  • Fee Rebate offer: Spend just $1,000 USD in one year on your card, and the annual fee for the following year is on us
  • Extended Warranty
  • Purchase Protection
BMO® World Elite® MasterCard® logo

BMO® World Elite® MasterCard®

40,000
$150 annual fee waived
$150
First year free
19.99%
22.99%
22.99%
740-850
Apply
BMO® World Elite® MasterCard® logo

BMO® World Elite® MasterCard®

Apply for this card

Sign Up Bonus

40,000

Annual Fee

$150

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • Get up to $575 in value in your first year
  • Welcome offer: Get 40,000 points and the $150 annual fee waived in the first year ($285 travel value booked on bmorewards.com + $150 Value*)
  • Get 3 BMO Rewards points for every $1 spent on travel, dining and entertainment purchases
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes* ($140 Value/Year).
  • Get 2 points for every $1 spent everywhere else
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges
  • Points you can use to cover all flight charges & taxes
  • Fly on any airline, with no blackout dates
  • Best-in-class travel and medical insurance (unlimited trips per year)
  • BMO Concierge Service
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
BMO® AIR MILES® World Elite® MasterCard® logo

BMO® AIR MILES® World Elite® MasterCard®

2,000
Minimum spend of $3,000 in the first 3 months
$120
First year free
19.99%
22.99%
22.99%
740-850
Apply
BMO® AIR MILES® World Elite® MasterCard® logo

BMO® AIR MILES® World Elite® MasterCard®

Apply for this card

Sign Up Bonus

2,000

Annual Fee

$120

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • Welcome offer: Get 2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee for the first year*.
  • Earn 1 reward mile for every $10 in credit card purchases, everywhere you spend
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Use your card at Costco*
  • Extended Warranty
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus two annual complimentary passes*
  • Exclusive 15% Flight Discount on all AIR MILES flights in North America with no blackout periods*
  • BMO AIR MILES World Elite Travel and Medical Protection*
  • BMO Concierge Service*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Scotiabank® Passport™ Visa Infinite Card logo

Scotiabank® Passport™ Visa Infinite Card

35,000
Earn up to 35,000 bonus Scotia Rewards points in your first year (that’s up to $350 towards travel)
$139
19.99%
22.99%
22.99%
740-850
Apply
Scotiabank® Passport™ Visa Infinite Card logo

Scotiabank® Passport™ Visa Infinite Card

Apply for this card

Sign Up Bonus

35,000

Annual Fee

$139

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • Earn up to 35,000 bonus Scotia Rewards points in your first year (that’s up to $350 towards travel)
  • Earn 2x Scotia Rewards® points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more)
  • Enjoy no FX Mark-up
  • Enjoy Complimentary Airport Lounge Access, plus 6 free lounge visits per year
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change
Tangerine World Mastercard® logo

Tangerine World Mastercard®

Snapshot of card details

Purchase APR
19.95%
Cash Advance Interest Rate
19.95%
Regular Balance Transfer Rate
19.95%
Recommended Credit Score
740-850

4%

Sign Up Bonus Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard.  (new clients only)

Tangerine World Mastercard: 

  • Promotional rate: Earn 4% Money-Back Rewards in up to 3 Categories for 3 Months* with the new Tangerine World Mastercard.  (new clients only)
  • Personalized categories and unlimited money-back rewards monthly
  • Automatic earning:  Money-Back Rewards are earned automatically on everyday purchases and paid monthly. These can be applied to your Credit Card balance or redeemed into your Savings Account.
  • No annual fee
  • After promotional period, 2% cashback on your choice of up to 3 categories, 0.5% money back on all other purchases
  • Change your 2% Money-back categories to suit your spending from your choice of 10 categories
  • 1.95% on Balance Transfers for six months
  • Zero Liability: As a Mastercard user, you don’t have to worry when using the credit card and you’re not responsible for unauthorized purchases made with your card
  • Extended Warranty: Doubles the original manufacturer’s warranty for up to one year when you pay with your eligible Mastercard
  • Purchase Protection: Provides coverage for most items you purchase with your eligible Mastercard if the item is damaged or stolen within 90 days of the date of purchase
  • Priceless Cities: Mastercard cardholders can enjoy special and unique offers on unforgettable experiences around the world with Priceless Cities
  • Exclusive Experiences and Offers: Cardholders get preferred access to an array or valuable offers, upgrades and experiences 
  • Learn more here.

Tangerine World Mastercard Benefits:

  • Rental Car Collision/Loss Damage Insurance**: Damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card.
  • Mobile Device Insurance**: Protection on new cell phones, smartphones or tablets when you charge the full cost to your Card, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure. Mastercard® Airport Experiences Provided by LoungeKey***: Make the most of your travel with Mastercard® Airport Experiences Provided by LoungeKey. Your complimentary membership gives you exclusive dining, retail and spa offers in over 400 airports worldwide, along with access to over 1000 lounges at $32 USD per visit. Learn more at airport.mastercard.com.
  • For more information on insurance details, please see this link.
BMO® U.S. Dollar MasterCard® logo

BMO® U.S. Dollar MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

0

Sign Up Bonus
  • The ideal way to travel and shop – or buy online – from U.S. retailers
  • Shop with no exchange rate surprises.
  • Fee Rebate offer: Spend just $1,000 USD in one year on your card, and the annual fee for the following year is on us
  • Extended Warranty
  • Purchase Protection
BMO® World Elite® MasterCard® logo

BMO® World Elite® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

40,000

Sign Up Bonus $150 annual fee waived
  • Get up to $575 in value in your first year
  • Welcome offer: Get 40,000 points and the $150 annual fee waived in the first year ($285 travel value booked on bmorewards.com + $150 Value*)
  • Get 3 BMO Rewards points for every $1 spent on travel, dining and entertainment purchases
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus four annual complimentary passes* ($140 Value/Year).
  • Get 2 points for every $1 spent everywhere else
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges
  • Points you can use to cover all flight charges & taxes
  • Fly on any airline, with no blackout dates
  • Best-in-class travel and medical insurance (unlimited trips per year)
  • BMO Concierge Service
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
BMO® AIR MILES® World Elite® MasterCard® logo

BMO® AIR MILES® World Elite® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

2,000

Sign Up Bonus Minimum spend of $3,000 in the first 3 months
  • Welcome offer: Get 2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee for the first year*.
  • Earn 1 reward mile for every $10 in credit card purchases, everywhere you spend
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Use your card at Costco*
  • Extended Warranty
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges*
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus two annual complimentary passes*
  • Exclusive 15% Flight Discount on all AIR MILES flights in North America with no blackout periods*
  • BMO AIR MILES World Elite Travel and Medical Protection*
  • BMO Concierge Service*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Scotiabank® Passport™ Visa Infinite Card logo

Scotiabank® Passport™ Visa Infinite Card

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

35,000

Sign Up Bonus Earn up to 35,000 bonus Scotia Rewards points in your first year (that’s up to $350 towards travel)
  • Earn up to 35,000 bonus Scotia Rewards points in your first year (that’s up to $350 towards travel)
  • Earn 2x Scotia Rewards® points on every $1 you spend on eligible grocery stores, dining, entertainment purchases and daily transit purchases (including buses, subways, taxis and more)
  • Enjoy no FX Mark-up
  • Enjoy Complimentary Airport Lounge Access, plus 6 free lounge visits per year
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change