Travel Points – For Canadians


Points cards and reward cards, these are all the same.  As you use the card’s services, you collect points that ultimately help you one step closer in travelling for free. There are so many types of rewards cards out there and the majority of them have focused on the credit card points.  Some cards have double or 3x the points for every dollar spent which will not only help you get to your travel destination faster but get free hotel nights, discounts on car rentals!

MBNA Rewards Platinum Plus

No Annual Fee

  • Annual fee: FREE!
  • Welcome offer: Get up to 10,000 bonus points
  • Income required: Not really
  • Insurance Package:
    • Carrier accident coverage, car rental collision/loss damage waiver benefits, and trip cancellation insurance in instances
    • Out of province travel emergency medical insurance is not covered.
  • Points:
    • Earn 2 points per $1 on gas, groceries and restaurant purchases ($5,000 annual cap on each category)
    • For the first 90 days, earn 4 points per $1 spent on the three bonus categories mentioned above
    • Earn 1 point per $1 spent on all other purchases
    • Points can be used to book flights on most airlines (including taxes and fees) without blackout dates.
    • 1 MBNA point equals $0.01 (1%)

 

 

American Express Cobalt

Best overall

  • Annual fee: $120
  • Welcome Offer: up to 45,000 bonus points
  • Income required: No specific amount
  • Additional perks:
    • Access to special offers including ticket pre-sales and reserved seats for concerts, movies and culinary events and 24/7 concierge services.
  • Points:
    • Earn 5 points per $1 on dining and groceries
    • Earn 2 points per $1 on gas, taxis, public transit and travel (air, water, rail, or hotels)
    • Earn 1 point per $1 on all other purchases
  • Insurance Package:
    • Travel emergency medical ($5,000,000 for 15 days) and travel accident insurance ($250,000), flight delay ($500) and baggage loss/delay ($500 per trip).
    • Car rental insurance covers collision, loss and damage for vehicles with an MSRP of up to $85,000.

 

 

TD Aeroplan Visa Infinite

Best for Air Canada Flight

  • Annual fee: $139 (rebated for the first year)
  • Points:
    • Earn 1.5 Aeroplan points per $1 on eligible gas, groceries, and Air Canada purchases
    • Earn 1 point per $1 on everything else
  • Income required: $60,000
  • Welcome Offer: Apply by May 30, 2021 and earn a welcome bonus of 20,000 points and earn an Air Canada Buddy Pass where you can bring anyone along to anywhere Air Canada fly within North America
  • Travel Insurance perks:
    • $1,000 in mobile device insurance
    • $100 credit for Nexus fee every 48 months
    • Travel insurance including emergency medical coverage (max 21 days)
    • Hotel/motel burglary insurance
  • Additional perks:
    • Discounted pricing and use less points when flying Air Canada
    • All flights have 1 (one) free check-in bags for you and up to 8 of your travel buddies
    • Book any flights within North America and your 2nd ticket will be free (plus taxes and other fees)
    • Nominate anyone as your Buddy. Buddy pass is valid for one (1) year. Use it for long North American trips!

 

 

BMO eclipse Visa Infinite

Best for Dining and Transit Spending

  • Annual fee: Free for first year then $120 annually
  • Points:
    • Earn 5 BMO points/dollar on gas, groceries, restaurants, and daily transit 
    • Earn 1 BMO point on all other purchases
    • Redeem points with almost any airline without blackout dates or seat restrictions
  • Income required: $60,000
  • Welcome offer:
    • Get up to 40,000 bonus points in your first year. If you spend $3000 within the first 3 months and receive 25,000 points plus 15,000 bonus points after your first year anniversary.
    • Receive a $50 annual lifestyle credit every January
    • First year annual fee is free!
    • If you add authorized users, you receive an additional 10% on your points per dollar spent
  • Travel Insurance Package:
    • Mobile device insurance
    • Out-of-province/country travel medical emergency coverage
    • Car rental collision/loss damage insurance. 
    • No trip cancellation or lost baggage insurance

 

 

The following are for those who frequently travel for business and have the luxury to use your own credit cards.

TD First Class Travel Visa Infinite

Best for Frequent Flyers

  • Annual fee: $120 (Discount for 1st year)
  • Points:
    • 9 points per $1 on bookings through Expedia through TD
    • 3 points per $1 all other purchases
  • Welcome offer: 60,000 points ($300 value)
  • Income required: $60,000
  • Travel Insurance Package:
    • Travel medical insurance of $1 million (up to 21 days)
    • Trip cancellation coverage of $1500 per person
    • Up to $1000 for lost luggage
    • For rental cars, you get auto collision and loss damage waiver
  • Additional perks:
    • 10% off car rentals at Avis and Budget
    • Annual discounts for Priority Pass Membership