The Best Credit Cards in Canada for Retirees

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

For a limited time, you can get a $300 cashback after $4,000 spending in the first three months.

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

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

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).

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

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

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.

You earn:

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