Canadian banks, unions, and other providers offer specialty credit cards with travel rewards such as airmiles or rewards points, no foreign transaction fees, exclusive access to events, concierge service, car rental insurance, and other add-ons.
MBNA Rewards World Elite
MBNA offers a travel credit card with a welcome bonus of 10,000 points after the first purchase or transaction. Customers earn 2 points per each $1 they spend for an annual fee of $89. The points you accumulate have no expiration date, and there is no limit on the points you can earn. You can redeem them in different ways, including electronics and featured items and merchandise such as sunglasses, necklaces, pizza sets, flatware, electric shavers, microwaves, cordless gas trimmers, and a lot more. There are added incentives such as travel coverage, including legal and lost luggage assistance and lost ticket and document replacement. Customers with a combined household income of $150,000 qualify (or personal income of $80,000).
- Cash advance rate: 24.99 percent
- Access check and balance transfer rate: 21.99 percent
- Purchase rate: 19.99 percent
RBC Visa Infinite Avion
This Visa card by RBC also offers great travel benefits such as comprehensive insurance coverage, including rental car insurance, hotel, trip, and emergency medical coverage, and trip cancellation. In addition to extensive coverage, customers also benefit from the fact that there are no seat restrictions, whether traveling during low season or peak season. RBC also guarantees that there are no blackouts and features a generous rewards program whereby $1 spent on the card equals 1 bonus point. Travel purchases bring an extra 25 percent. A generous welcome bonus of 15,000 points is an added incentive to start collecting points.
- Cash advances: 21.99 percent
- Purchases: 19.99 percent
- Annual fee: $120
- Annual fee on supplementary cards: $50
This card also has an income requirement of $100,000 (for households) and $60,000 (for your annual personal income). Customers who meet the income requirement can take advantage of add-ons such as dining and hotel benefits, access to exclusive events, and optional coverage. Optional insurance includes identity theft protection, RBC Road Assist, and travel insurance.
Aspire Travel™ World Elite MasterCard
Offered by Capital One, this rewards card also tops the list of travel products with extensive insurance coverage, including trip cancellation, flight delay, and emergency medical coverage. In addition to travel assistance, cardholders are also offered car rental collision and baggage delay insurance. The card also goes with baggage loss and flight delay insurance as well as trip interruption coverage. There are added benefits such as the option to add an authorized user free of charge. Each dollar in purchases earns 2 bonus points. The welcome bonus of 400,000 is offered to customers who charge $1,000 on the card during the first three months. This equals $400 that can go toward travel or other purchases. There are no restrictions or limits on the points you can accumulate. Customers with spotless credit qualify provided that they can show proof of household income of at least $150,000 or personal income of at least $80,000. If you meet the eligibility criteria, you also enjoy concierge services such as tickets for exclusive events, special privileges, dining reservations, and plenty more.
- Annual fee: $150
- Cash advance and balance transfer rate: 19.8 percent
- Purchase rate: 19.8 percent
TD Aeroplan Visa Infinite Card
Offered by Toronto-Dominion, the Aeroplan Visa Infinite Card is a specialty product with travel rewards and complementary benefits. These include access to the Maple Leaf Lounge (Air Canada), priority check-in, first checked bag, and priority boarding. Complementary travel benefits are offered to customers flying onboard under the Air Canada Express as well as flights by Air Canada Rouge and Air Canada. Cardholders are also offered comprehensive travel insurance, including emergency medical travel, auto rental collision, travel medical, and trip delay insurance. The coverage also includes flight delay, lost baggage, and delayed baggage insurance. Emergency travel assistance is offered as well. Customers also benefit from car rental discounts at Budget and Avis Rent-A-Car. When it comes to travel rewards, Toronto-Dominion offers 1 point per $1 on everyday purchases and 1.5 points per $1 on travel purchases at aircanada.com, grocery purchases, as well as drugstore and gas purchases. You earn at a double rate with your Aeroplan Membership Card on purchases at participating retailers. The miles or bonus points you earn can be redeemed in different ways, including travel fees and taxes. You can use them to cover surcharges as well.
The list of exclusive benefits includes hotel privileges, food and wine experiences offered by Visa Infinite, and concierge service that covers restaurant recommendations, travel assistance and recommendations, etc. To benefit from all this, you must have an annual household or personal income of at least $100,000 or $60,000 respectively. Only applicants who are Canadian residents and are of legal age meet the eligibility criteria.
- Credit limit: $5,000 or higher
- Cash advance rate: 22.99 percent
- Purchase rate: 19.99 percent
- Annual fee for authorized users: $50
- Annual fee: $120
American Express Gold Rewards Card
This rewards card offered by American Express is also worth a quick look when it comes to travel benefits. Amex offers a welcome bonus of 25,000 travel points on the first $1,500 charged during a 3-month period. While it is a charge card, you collect 2 rewards points per each dollar spent on purchases, including travel expenses such as cruise and flight travel, grocery and gas, etc. The annual fee for primary cardholders is $150. Extensive insurance is offered, including lost baggage and trip interruption coverage.
Aerogold Visa Infinite Privilege Card by CIBC
CIBC also has a great specialty card on offer, available to customers with a household income of at least $200,000. The Aerogold Visa Infinite Privilege Card features comprehensive insurance benefits such as trip cancellation and emergency medical coverage for out-of-province travel. Air Canada benefits are also offered, including first checked bag, priority boarding, etc. Each dollar you spend earns a total of 1.25 rewards points on regular purchases and 1.5 points on purchases at aircanada.com as well as drugstore and grocery store purchases and gas. Customers are offered bonus rewards points at select online and other retailers. Cardholders with a diamond, black, and silver status benefit from additional privileges and need fewer points for flight bookings. When you book an Air Canada-operated flight, you are entitled to a discount companion Business Class ticket (50 percent off). What is more, you are free to cancel and book flights at any time and up to 120 minutes before departure. Additional benefits for cardholders include luxury hotel benefits, access to live music events, attractive ski offers, and plenty more. The list of added incentives includes priority access to fast lanes, discounts on valet services and parking, as well as limo and taxi services. Priority Pass allows cardholders to take advantage of lounge visits up to 6 times a year at more than 850 airport lounges around the world.
The Aerogold Visa Infinite Privilege Card also goes with a comprehensive package of insurance benefits such as hotel and motel burglary, common carrier accident, and auto rental collision coverage. Holders are also offered baggage delay coverage, trip interruption insurance, flight delay, trip cancellation, and emergency travel medical coverage.
- Cash rate: 22.99 percent
- Purchase rate: 19.99 percent
- Annual fee on supplementary cards: $99
- Annual fee: $399
RBC Avion Visa Infinite Privilege
A yet another card by the Royal Bank of Canada, Avion Visa Infinite Privilege is a great choice for frequent travelers and comes with a comprehensive insurance package. The coverage includes trip interruption insurance, purchase protection, and trip cancellation and emergency medical coverage. The concierge service is an added benefit to take advantage of travel assistance, restaurant and ticket bookings, and more. In addition to a welcome bonus of 25,000 points, customers earn points at a generous rate of 1.25 bonus points per $1 spent on everyday and regular purchases. The best part is that you can redeem your points in different ways, including tours and travel packages, hotel stays, vacations, etc.
Again, there is an income requirement to meet – at least $200,000 for both households and individual customers. If you qualify, you are offered access to exclusive privileges such as automatic hotel room upgrades, late check-out, and more. There are optional extras to look into, for example, travel insurance, travel assist, and identity theft protection. The Balance Protector package also covers loss of self-employment income, involuntary unemployment, total disability, accidental dismemberment, critical illness, and loss of life.
- Cash advance rate: 21.99 percent
- Purchase rate: 19.99 percent
- Annual fee for additional cards: $99
- Primary holder annual fee: $399
Only customers with no recent bankruptcy records qualify. This card is available to Canadian residents and citizens only.