Canadian Banks’ Rewards Programs

Not sure which reward program to choose? Don’t know which bank offers which type of program? Here is a general summary of who is offering what! And remember: just because you’re a customer of one bank doesn’t mean you can’t get a credit card from another bank! This is very useful when you are a fan of Aeroplan or AIR MILES which are offered by several banks!

As you will see, all institutions, without exception, offer a cash back program, or a rewards program (travel, gift cards, in-store items…).

Only some of them are affiliated with Aeroplan (American Express, CIBC and TD) or AIR MILES (American Express, BMO). Finally, others offer unique rewards programs.

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Here are the names of the award programs offered by all these institutions in detail. You can click on the program you are interested in to find out what articles have already been written about the program you are interested in.

American Express Rewards Programs

Through its credit cards, American Express offers access to 5 different rewards programs:

• Membership Rewards Program (Travel)
• The SimpleRebate program (CashBack)
• The Aeroplan Program
• The AIR MILES Program
• The Marriott Bonvoy program

Bank of Montreal (BMO) Rewards Programs

The BMO offers through its credit cards, access to 3 different rewards programs:

• BMO Rewards (Travel) Program
• The AIR MILES Program
• BMO Cash Back Program

Laurentian Bank of Canada (LBC) Rewards Programs

Laurentian Bank offers, through its credit cards, access to 3 different rewards programs:

• The EXPLORE program (Travel)
• The DOLLARS Cash Back Program
• My Reward Program (Miscellaneous Rewards)

National Bank of CanadaNBC NBC) Rewards Programs

The National Bank of Canada offers through its credit cards, access to 3 different rewards programs:

• NBC Travel Rewards Program
• The Cash Back Program
• The Ultramar Cash Back Program

Canadian Imperial Bank of Commerce (CIBC) Rewards Programs

Through its credit cards, CIBC offers access to 6 different rewards programs:

• The Aventura Program (Travel)
• The Aero program (Aeroplan)
• The Dividend (Cash Back) Program
• Petro-Points Program (Petro-Canada)
• The Tandem Program (Tim Hortons)
• The TELUS Rewards program

Capital One Rewards Programs

Capital One offers through its credit cards, access to 3 different rewards programs:

• The VoyagesPlus program (Travel)
• The CashBack program
• The Costco Rebate Program

The Caisses Populaires Desjardins rewards programs

The Desjardins caisses offer access to 2 different reward programs through their credit cards:

• The BONUSDOLLARS program (Travel / Rewards)
• The Cash Back Program

MBNA Rewards Programs

MBNA offers through its credit cards, access to 4 different rewards programs:

• MBNA Rewards Program (Travel / Miscellaneous Rewards)
• The Alaska Airlines Mileage Plan
• The Best Western Rewards Program
• The Dollars-CAA Quebec program

Royal Bank of Canada (RBC) Rewards Programs

Through its credit cards, RBC offers access to 6 different rewards programs:

• The RBC Cash Back Program
• The Shoppers Drug Mart Optimum Program
• The RBC Rewards / Travel Program
• The WestJet Dollars Program
• The British Airways Executive Club program
• Cathay Pacific’s Asia Miles program

Scotiabank Rewards Programs (SNB)

Scotiabank offers through its credit cards, access to 4 different rewards programs:

• Scotia Rewards / Passport (Travel) Program
• The Cash Back Program
• The SCENE program
• The General Motors Program

The Toronto-Dominion Bank (TD) Rewards Programs

Through its credit cards, TD offers access to 3 different rewards programs:

• The TD Travel / Rewards Program
• The Aeroplan Program
• TD Cash Back Program

Bottom Line

As you can see, we have written many, many articles about all of these rewards programs, including Aeroplan, AIR MILES and a few specific programs. In the near future, we will be touring each Bank to present, in detail, the specific “Travel” rewards programs of each of them.