Best credit cards for insurance – November 2025

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

The National Bank World Elite Mastercard is the best Mastercard credit card on NBC. With Milesopedia’s exclusive welcome offer, take advantage of a waiver on the first year’s annual fee (a $150 value) and receive up to 45,000 bonus points distributed as follows:

  • 5,000 points if you sign up for payment insurance at the time of application
  • 10,000 points if you make at least $5,000 in purchases in the first 3 months
  • 10,000 points if you make at least $10,000 in purchases in the first 6 months
  • 20,000 points if you make at least $15,000 in purchases in the first 12 months

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 a Mastercard credit card, 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 voted National Bank World Elite Mastercard the Best Credit Card for Travel and the Best Credit Card for Insurance in 2023, 2024 and 2025 respectively.

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 offer, you can get up to 100,000 bonus points:

  • 55,000 points after $4,500 in Card purchases in the first 3 months
  • 3,750 points per month after $2,500 in monthly purchases from the 4th to the 15th month (up to 45,000 points)

Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.

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 (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

The BMO Ascend World Elite Mastercard also offers:

  • Four annual complimentary passes to airport VIP lounges
  • Excellent Premium insurance for your travels or purchases
  • a premium concierge service

Scotiabank Passport® Visa Infinite* Card

With this welcome offer for the Scotiabank Passport Visa Infinite Card, you’ll receive up to 45,000 Scene+ points in welcome bonus (a $450 value):

  • 35,000 points after $2,000 in purchases in the first three 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 of1,000 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 voted this credit card the Best No FX Fee Credit Card of 2024 and 2025.

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