The Best Credit Cards for Insurance – February 2026

Discover the top three credit cards that offer comprehensive insurance benefits, ensuring peace of mind for your purchases and travels. Explore their unique features, coverage options, and how they can enhance your financial security. Make an informed choice for your next credit card.

Here are the three best credit cards for good insurance coverage:

National Bank World Elite Mastercard

With Milesopedia, enjoy an exclusive offer to get up to 50,000 points with the National Bank World Elite Mastercard. This offer is exclusively available through the Milesopedia network and allows you to quickly earn points by following these steps:

  • 10,000 reward points upon enrollment in your credit card payment protection, for a minimum of 3 months of membership.
  • 10,000 points when you make $5,000 in net purchases within the first 3 months.
  • 20,000 points when you reach $20,000 in purchases within the first 12 months.
  • 10,000 points when you combine your credit card with the opening of your first current account within 7 days of your credit card application.

The National Bank World Elite Mastercard is the best Mastercard credit card offered by 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 exclusive welcome offer, you can get up to 115,000 points:

  • 60,000 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

115,000 BMO Rewards points have a value of approximately $770, which you can apply to any travel charged to your card.

And there are no annual fees for the first year for the primary cardholder and additional cardholders! This exclusive offer ends on March 31, 2026.

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.

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.

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