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The Best Credit Cards for Retirees in Canada – October 2021

The Best Credit cards For Retirees

These 3 credit cards offer premium insurance suitable for young retirees.

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

NBC World Elite Mastercard

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

Take advantage of this welcome offer to :

  • Earn 15,000 Reward Points after a net purchase of $3,000 or more in the first three months
  • get a first-year annual fee rebate

You can earn up to 2 points per dollar in card purchases, including at Costco.

Besides, you get up to $250 in travel credits per calendar year:

  • Airport parking: $100
  • Baggage fees: $100
  • Seat selection: $50

Besides, you can enjoy access to the LoungeKey airport lounges as well as free Wi-Fi with Boingo.

The National Bank’s World Elite Mastercard® is a credit card to keep, year after year, for several reasons:

  • it has one of the best travel and purchases credit card insurance on the market
  • up to $250 travel credit per year
  • Unlimited access to the National Bank Lounge at Montreal-Trudeau airport

Scotiabank Passport™ Visa Infinite* Card

With the Scotiabank Passport™ Visa Infinite* Card, you get 30,000 points after only $1,000 in card purchases ($300 value).

And every year, if you charge at least $40,000 in purchases to your card, you’ll get a 10,000 annual bonus ($100 value).

Besides, the first year is free for the primary and additional cardholders.

With the Scotiabank Passport™ Visa Infinite* Card, you get 2 points per dollar you spend on:

  • grocery stores
  • Restaurants
  • Entertainment
  • Transportation

You can redeem your points for any travel purchases (flights, hotels, all-inclusive and even Airbnb).

The Scotiabank Passport™ Visa Infinite* Card also offers:

  • no foreign transaction fee
  • 6 complimentary passes to airport VIP lounges
  • Premium insurance for your travels or purchases
  • Concierge services

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.

For a limited time, you can get:

  • Up to 130,000 points (a $650 value in travel rewards) if you live in Quebec and with no minimum purchase!
  • Up to 100,000 points (a $500 value in travel rewards) and a first year annual fee waiver if you live outside Quebec

With the HSBC World Elite® Mastercard®,you earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
  • 3 points per dollar for all other purchases including Costco

It’s a 1% to 3% value depending on your purchases!

You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.). But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

Finally, with the HSBC World Elite® Mastercard® you get:

  • $100 annual travel credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • 10% discount for hotel bookings on Expedia or Agoda
  • Premium insurance for your travels and purchases

Finally, the HSBC World Elite® Mastercard® does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.

And it’s one of the best credit cards for Costco, earning 3 points per dollar there.

Other great offers

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.