Vacation rewards: These are the top credit cards with the best travel points

Facts: jet life ain’t cheap. While many of us would like to travel, ticket and accommodation costs are definitely increasing. However, some credit card companies offer rewards programs that bring their customers much closer to their travel goals.

Rewards Canada is an online resource for loyalty rewards and credit card rewards launched in 2001 and they have released the 15th list of Canada’s Best Travel Rewards Credit Cards.

“Now that the world is back to full-blown travel, you may be asking yourself, how can I make my travel cheaper, more luxurious, or even budget for multiple vacations?” read the description on the site. “Part of that answer lies in having the best credit card or cards in your wallet to help fund these trips.”

The site takes into account several factors, including awards and value earned, cost of ownership, ease of use, ease of use depending on the goal, reader feedback, and more. They added two new categories for 2023: Best Credit Card with No International Transaction Fees and Best Small Business Travel Awards Credit Card.

Here are the best travel rewards credit cards in Canada.

American Express Cobalt Card

Best Overall Travel Awards Credit Card

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Best Hybrid Credit Card

American Express

AmEx Cobalt Card has improved significantly since 2021. Customers actually achieve a return of up to 10% if you use Amex’s Fixed Points for Travel program, thanks to “5x points earned on food and beverages.” Make sure you top up your streaming services with three times the points on the card, and use the card regularly for travel, gas, transit and ridesharing apps to get double the points.

That’s not all. You can convert your accumulated points into hotel and airline programs such as Air Canada Aeroplan, Air France KLM Flying Blue, British Airways Executive Club, Marriott Bonvoy.

Scotiabank Gold American Express Card

Best Travel Points Card with Annual Paid

Scotiabank

Swipe at Sobeys, Safeway, IGA and other Empire stores described as “points earning machine” and earn six points for every dollar spent. Even if you don’t shop at these stores, you’ll still get five points per dollar at other grocery stores, restaurants, fast-food restaurants, and other food and eateries. Use it for rideshares, buses, taxis and subways to get three points per dollar.

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“You can earn all these accelerated earnings on annual spend of up to $50,000,” the site says. Not a fan of fees? Don’t worry, the $120 annual fee is lower than its competitors.

American Express Green Card

American Express

Get the most out of the Membership Rewards program at no cost. With flexible travel rewards, you can redeem points for travel or redeem for partners such as Air France, Air Canada, Air France, KLM, British Airways and Marriott to stay within your budget.

So how does it work? It’s simple: you earn one point for every dollar spent.

“This means a 1% return for self-booked travel or up to 2% or more for cash back rewards when you redeem Amex Fixed Points for Travel rewards, or 6% or more when you switch to an airline. . become a partner and use it for a business class flight,” the site says.

TD Aeroplan Visa Infinite Card

Best Airline Credit Card

TD Bank

If you are looking for an Aeroplan card, this is the ideal choice, especially for frequent travelers. It doesn’t matter if you’re traveling economy, business or first class; The program allows you to use points in almost any destination.

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“Add card features like free first checked baggage, discounted rewards flight price, a Nexus credit and it’s hard to compete with that card,” the site says.

HSBC World Elite Mastercard

HSBC

This card is the ultimate travel companion, offering customers zero foreign transaction fees. Other benefits include high earnings rates, any travel rewards at any time, and a $100 travel development loan per year. Customers have the option to exchange these rewards with British Airways, Cathay Pacific and Singapore Airlines.

Platinum Card from American Express

Best Ultra Premium Credit Card

American Express

Travel like a VIP with this credit card that gives customers access to airport lounges, premium hotel status and premium travel discounts.

Not only does it have a great earning rate, the Membership Rewards program lets you redeem points whenever you want – you can even redeem points for Aeroplan and other airlines.

American Express Business Edge Card

American Express

Described as the “business version of the Coveted Cobalt Card,” the Business Edge Card offers small business owners triple points for office supplies, electronics, travel and gasoline, and food and beverage. You can also convert your points to Aeroplan and other airlines.

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