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The Best Travel Credit cards

The Best Travel Credit cards

You can get travel points or benefits with those 3 credit cards.

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

National Bank World Elite Mastercard®

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. And no annual fee the first year (a $150 saving)!

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

TD® Aeroplan® Visa Infinite* Card

With the TD® Aeroplan® Visa Infinite* Card, you earn1.5 points for every $1 spent on:

  • grocery
  • gas
  • Air Canada purchases, including Air Canada Vacations

With the TD® Aeroplan® Visa Infinite* Card, you can get:

  • A welcome bonus of 10,000 Aeroplan points when you make your first purchase with your new card
  • Earn 10,000 Aeroplan points and a bonus Buddy Pass (different rules depending on your province of residence)
  • An annual fee rebate for the primary cardholder (instead of $139)
  • Annual fee rebate for the first year for up to 3 additional cardholders (instead of $75 per additional card )
  • $100 NEXUS fee rebate
  • 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.

For Quebec Residents only: To receive the additional bonus 10,000 Aeroplan points and the bonus Buddy Pass, you must keep your Account open, active and in good standing for 90 days after Account opening. More Info here.

For Residents outside of Quebec: To receive the additional bonus 10,000 Aeroplan points and the bonus Buddy Pass, you must make $1,000 in net Purchases (less any returns and credits) on your Account, including your first Purchase, within 90 days of Account opening. More Info here.

American Express® Aeroplan®* Card

With the American Express® Aeroplan®* Card, you earn 2x the points on purchases made directly with Air Canada and Air Canada Vacations.

And 1.5x the points on Dining and Food Delivery purchases in Canada. Anywhere else, you will earn 1x the points.

With the American Express® Aeroplan®* Card, you can earn up to 15,000 Welcome Bonus Aeroplan points and a Bonus Air Canada Buddy Pass.

Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights.

American Express®* Aeroplan® Reserve Card

With the American Express® Aeroplan®* Reserve Card, you get 3x the points on purchases made directly with Air Canada and Air Canada Vacations.

And 2x the points on Dining and Food Delivery purchases in Canada. Anywhere else, you will earn 1x the points.

With the American Express® Aeroplan®* Reserve Card, you can earn up to 65,000 Welcome Bonus Aeroplan points and $100 statement credit.

With this Card, you’ll enjoy Air Canada Travel benefits like access to Air Canada Maple Leaf Lounges, priority check-in, priority boarding and priority baggage handling.

Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights.

American Express Cobalt™ Card

The American Express Cobalt™ Card is the best American Express Credit Card.

You can get a welcome bonus of up to 45,000 Membership Rewards points, that’s a $450 value:

  • 2,500 points per month for the first 12 months, when you charge $500 to your Card each month
  • 15,000 additional points when you charge $3,000 to your Card within the first 3 months

Considering the minimum spend requirement in the first 12 months, this is a $705 value in the first year! Read this post for more details.

You can redeem your points in statement credits towards travel purchases or even on your everyday purchases. Or you can transfer your points to Marriott Bonvoy or Hilton Honors.

With the American Express Cobalt™ Card, you earn between 1 and 5 points per dollar:

Category Points per dollar
Grocery 5
Food delivery 5
Restaurants and bars 5
Convenience stores 5
Gas station 2
Gas & Transit 2
Travel 2
Other 1

Besides, this Card provides premium insurance: Car Rental Theft and Damage Insurance, Baggage delay, Lost or Stolen Baggage, Flight delay, $250,000 Travel Accident, Hotel or motel burglary, Buyer’s Assurance® Protection Plan, Purchase Protection Guarantee.

American Express Business Edge™ Card

The American Express Business Edge™ Card is a small business credit card in Canada. The annual fee is only $99 and this credit card offers up to 42,000 Membership Rewards points in the first year, a $420 value.

You can earn 3 times the points on:

  • Office supplies (Staples, etc.)
  • electronic (Apple, Dell, etc.)
  • Rides
  • Gas
  • Eats & Drinks

Besides, you can add up to 99 supplementary cards at no cost.

BMO® World Elite®* Mastercard®*

The BMO® World Elite®* Mastercard®* is one of the best Mastercard credit cards with travel points in Canada.

You can get a welcome bonus of 40,000 points (285$ travel value):

  • 30,000 points after you spend a minimum of $3,000 within the first 3 months
  • an additional 10,000 BMO Rewards points anniversary bonus, 12 months after the Credit Card account open date

In addition, the $120 annual fee is waived in the first year!

With the BMO World Elite Mastercard, you get 3 points for every dollar spent on:

  • Travel
  • Dining
  • Entertainment

And 2 points for every dollar you spend, Costco included!

You can redeem your BMO Rewards points on travel booked on the BMO Rewards website (flights, hotels, rental cars, all-inclusive).

The BMO® World Elite®* Mastercard®* also offers:

  • 4 complimentary passes to airport VIP lounges
  • Premium insurance for your travels or purchases
  • Concierge services

Finally, you can combine the points you get with the two other BMO Rewards cards to save even more on your travels!

HSBC World Elite® Mastercard®

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.

Other great offers

Frequent Asked Questions about credit cards

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