The Best Credit Cards for Travel Insurance – February 2026

National Bank World Elite Mastercard

The National Bank World Elite Mastercard is the best Mastercard credit card on NBC.

With this card, you earn up to 5 points per dollar on your purchases:

• 5 points per dollar for groceries and restaurants
• 2 points per dollar on gas and electric recharge purchases
• 2 points per dollar on recurring bills
• 2 points per dollar on À la carte Travel
• 1 point per dollar for all other purchases

And since it’s an NBC mycredit Mastercard, you can use it at Costco.

With this card, you have access to a $150 annual travel credit that you can use in any of these categories:

• Airport parking
• Baggage fees
• Seat selection
• Access to Airport Lounges
• Flight upgrades

What’s more, you can enjoy access to DragonPass airport lounges and unlimited access to the National Bank Lounge at Montreal-Trudeau.

Finally, Milesopedia has named the National Bank World Elite Mastercard as the Best Travel Credit Card in 2023, 2024, 2025, and 2026.

BMO Ascend™ World Elite^®* Mastercard^®*

The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard credit cards with travel points in Canada. With our offer, you can get a welcome bonus of up to 100,000 points:

• 45,000 points after $5,000 in purchases within the first 110 days of account opening
• 20,000 points after $10,000 in purchases within the first 180 days of account opening
• 35,000 points after $20,000 in purchases within the first 365 days of account opening

100,000 BMO Rewards points have an approximate value of $670, which you can apply to any travel charged to your card.

And there are no annual fee for the first year for the primary cardholder and additional cardholders!

Plus, enjoy a 0% welcome interest rate on balance transfers for 12 months, as well as a 2% balance transfer fee.

With the BMO Ascend World Elite Mastercard, a premium credit card from BMO, you get:

• 5 points per dollar on travel purchases
• 3 points per dollar on dining purchases
• 3 points per dollar for entertainment purchases
• 3 points per dollar on recurring bill payments

And 1 point for every $1 spent everywhere else, including at Costco. You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (plane tickets, hotels, rental cars, all-inclusive packages, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

The BMO Ascend World Elite Mastercard also offers:

• 4 complimentary visits to airport VIP lounges
• Excellent premium insurance for your travels or purchases
• Premium concierge service

Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.

TD^® Aeroplan^® Visa Infinite Privilege* Credit Card

With TD® Aeroplan® Visa Infinite Privilege* Credit Card, you can earn up to 85,000 Aeroplan points^†:

• 20,000 Aeroplan points when you make your first purchase with your new card^†
• 35,000 additional Aeroplan points when you spend $12,000 within 180 days of account opening^†
• Plus, earn a one-time anniversary bonus of 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening^†
• Apply for the NEXUS program membership and once every 48 months get an application fee rebate (up to $100 CAD)^†
• Access to Air Canada Maple Leaf lounges^†
• 6 annual visits to airport lounge members of the Visa Airport Companion^† Program hosted by Dragonpass International Ltd.
• Up to eight passengers travelling on the same reservation will all enjoy their first checked bag free (up to 23kg/50lb) when your travel originates on an Air Canada flight^†

It’s the best TD credit card for Air Canada frequent flyers.

With the TD® Aeroplan® Visa Infinite Privilege* Credit Card, you earn 1.5 points^† per eligible dollar spent on:

• Grocery stores and restaurants
• Gas station, including fuel and EV charging
• Travel and public transit

And 2 points^† per dollar for Air Canada, including Air Canada Vacations. Everywhere else, you’ll get 1.25 points^† per dollar.

TD First Class Travel^® Visa Infinite* Card

With the TD First Class Travel® Visa Infinite* Card, you can get up to 165,000 TD Rewards points^† and a rebate on the annual fee for the first year:

• 20,000 TD Rewards points for the first purchase made with your Card^†
• 145,000 TD Rewards points if you spend $7,500 within 180 days of opening^†
• A birthday bonus of up to 10,000 TD Rewards points^†

Plus, get an Annual Fee Rebate for the first year.^† This is the highest offer we have ever seen!

With the TD First Class Travel® Visa Infinite* Card, you earn:

• 8 TD Rewards Points^† for every $1 you spend when you book travel through Expedia® For TD^†
• 6 TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit^†
• 4 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media^†
• 2 TD Rewards Points for every $1 you spend on other Purchases made using your Card^†

This TD credit card is one of the best TD travel rewards cards. As of April 30, 2025, it now offers access to airport lounges with 4 free visits per year.

RBC Avion Visa Infinite Card

With this offer for the RBC Avion Visa Infinite Card, you can earn up to 55,000 Avion points as a welcome bonus. Receive 35,000 welcome points upon approval and earn an additional 20,000 points when you spend $5,000 on the card within the first six months of approval.

You can use your Avion points for travel or convert them to other loyalty programs such as:

• American Airlines AAdvantage
• The British Airways Club (and Qatar Airways Privilege Club)
• Cathay Pacific Asia Miles
• WestJet Rewards

The current welcome offer lets you earn the equivalent of up to 55,000 British Airways Avios or 55,000 WestJet dollars.

With the RBC Avion Visa Infinite Card, you earn 1 point per dollar and 1.25 points for travel purchases.

What’s more, you’ll benefit from a wide range of insurances: trip cancellation and interruption insurance, out-of-province or out-of-country emergency medical care insurance, collision and damage insurance for rental vehicles, and mobile device insurance.

Scotiabank Passport^® Visa Infinite* Card

With this welcome offer for the Scotiabank Passport Visa Infinite Card, you get up to 60,000 bonus Scene+ points (a $600 value):

• 40,000 points after $2,000 in purchases within the first three months
• 10,000 points after $10,000 in purchases within the first six months
• 10,000 points after $40,000 in purchases in the first year

Then, each year, if you make at least $40,000 in purchases on the card, you’ll earn an annual bonus of at least 10,000 points, a value of $100.

With the Scotiabank Passport Visa Infinite Card, you earn 3 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.

You’ll also earn 2 points for every dollar you spend, including on foreign purchases, in the following categories:

• Grocery shopping
• Restaurants
• Entertainment centers
• Transit

The Scotiabank Visa Infinite Passport is an excellent Visa credit card for this type of purchase.

These points can be used against any travel purchase at the rate of 1,000 points = $10 (flights, hotels, all-inclusives and even Airbnb). You can also redeem your points for cash back at Scene+, for example, at your local grocery store checkout at the same rate of 1,000 points = $10.

The Scotiabank Visa Infinite Passport also offers :

• No fees for foreign currency transactions
• 6 access to VIP airport lounges
• Excellent insurance for your travels and purchases
• Concierge service

We have named this credit card the Best Credit Card with No Foreign Transaction Fees in 2024, 2025, and 2026.