With more than 70 travel reward credit card options in Canada, it’s difficult to know which card is best. Rewards Canada’s 11th annual Travel Rewards Credit Card Ranking removes the guesswork by helping Canadians make informed decisions based on individual needs.
The Rewards Canada judging process organizes credit cards into 6 categories: Travel Points (with annual fee), No Fee Travel Rewards, Hybrid (flexible currency), Airline, Coalition Program, and Best Overall Card. The credit cards are evaluated by key factors including cost, co-brand partnerships, rate-of-return, benefits and redemption options.
And the winners are:
Top Overall Travel Rewards Credit Card
American Express Cobalt Card
Top Travel Points Credit Card (with annual fee)
Scotiabank Passport Visa Infinite Card
Top No Fee Travel Rewards Credit Card
Scotiabank More Rewards Visa Card
Top Hybrid (Flexible Points) Credit/Charge Card
Top Airline Credit/Charge Card
WestJet RBC World Elite Mastercard
Top Coalition Program Credit Card
TD Aeroplan Visa Infinite Card
“The American Express Colbalt card remains this year’s top ranked card based on its superior earning potential and redemption options”, says Patrick Sojka, founder of RewardsCanada.ca. “This card may have been introduced as a ‘Millennial’ themed product but it should be the go-to-card of choice for any family.”
Other highlights include the emergence of the Scotiabank Passport Visa Infinite Card. This well-rounded card knocks its brethren, the Scotiabank Gold American Express card, from the top spot in the Travel Points (with annual fee) category with the introduction of a ‘no foreign transaction fee’. The card also features Priority Pass lounge access with 6 lounge visits plus the first additional card at no charge.
“One trend I hope more credit card companies embrace is doing away with foreign transaction fees. The foreign exchange is tough enough but adding an additional fee of up to 3% to process the transaction is a double whammy for many consumers.”
The Top Travel Rewards Card feature, with complete rankings and background, can be found online at: http://www.rewardscanada.ca/topcc2019/