Best Travel Rewards Credit Cards Canada - Calculate Rewards

October 2022
Check out our top picks for the best travel rewards credit cards in Canada and calculate which cards will earn you the most rewards based on spend.
Last Updated 2022-01-26

Travel is a very broad category that covers many subcategories such as airfare, hotels, car rentals, transit, and much more. The best travel credit card should not only offer you the highest return on your spend, but also benefits and perks that fit the way you travel.

Review the best credit cards in Canada for travel and calculate which cards can earn you the most rewards based on your spend and offer the best travel benefits.

Best For Flexible Travel Rewards
American Express Cobalt™ Card
American Express Cobalt™ Card
Annual Fee: $12.99 per month
Rewards Rate
5X
Earn 5X points at restaurants and grocery stores including food delivery
3X
Earn 3X points on streaming subscriptions
2X
Earn 2X points on gas, travel, and transit
1X
Earn 1X points on everything else
Up To 30,000 Points
In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in purchases on your Card. This could add up to 30,000 points in a year.
Best For No Annual Fee
MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Platinum Plus® Mastercard®
Annual Fee: $0
Rewards Rate
2X
Earn 2X points for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually in the applicable category.
1X
Earn 1X points for every $1 spent on other eligible purchases.
Best For No Foreign Transaction Fee
Scotiabank Gold American Express® Card
Scotiabank Gold American Express® Card
Annual Fee: $120
Rewards Rate
5X
Earn 5X Scene+ points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.
5X
Earn 5X Scene+ points for every $1 CAD spent on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.
3X
Earn 3X Scene+ points for every $1 CAD spent on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more.
3X
Earn 3X Scene+ points for every $1 CAD spent on eligible select streaming services.
1X
Earn 1X Scene+ point for every $1 spent on every other purchase.
40,000 bonus Scene+ points
Earn 20,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months from account opening. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.
Best For Heavy Spenders
RBC Avion Visa Infinite
RBC Avion Visa Infinite
Annual Fee: $120
Rewards Rate
1.25X
Earn 1.25X RBC Rewards Points for every dollar you spend on travel
1X
Earn 1X RBC Rewards Points for every dollar you spend on all other purchases
Up To 55,000 Bonus Points
Get 35,000 Welcome Points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months.
Best For Air Canada Benefits
American Express® Aeroplan® Reserve Card
American Express® Aeroplan® Reserve Card
Annual Fee: $599
Rewards Rate
3X
Earn 3X the points on eligible purchases made directly with Air Canada and Air Canada Vacations
2X
Earn 2X the points on eligible Dining and Food Delivery purchases in Canada
1.25X
Earn 1.25X the points on everything else
Best For Luxury Travel & Lounge Access
The Platinum Card®
The Platinum Card®
Annual Fee: $699
Rewards Rate
3X
Earn 3X points on eligible dining and takeout purchases
2X
Earn 2X points on travel including flights, hotels, tours, and more
1X
Earn 1X points on everything else
Up To 80,000 Points
As a new Platinum® Cardmember, earn 60,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership. Plus, earn an additional 20,000 points when you make a purchase between 14 and 17 months of Cardmembership. That's worth a total of $800 in statement credits.

This page details our top picks for the best travel rewards credit cards in Canada. You can use the Rewards Calculator at the bottom of this page to estimate which travel rewards credit cards can earn you the best return on your spend.

The cards on this page are updated periodically. New cards are introduced from time to time and the benefits of current cards could change at any time.

You can also use our Credit Card Finder Tool to search by spend across all credit cards in our database.

Best For Flexible Travel Rewards

American Express Cobalt™ Card
American Express Cobalt™ Card

The American Express Cobalt Card is one of the best credit cards in Canada and is at the top of the list when it comes to earning flexible rewards points.

The card earns 5X Membership Rewards Points on restaurant and grocery store purchases, 2X on gas, travel, and transit, and 1X on everything else.

Points can be redeemed for high value towards airfare purchase through the AMEX Fixed Points Travel program. Points can also be transferred to a handful of partners for a chance at great value including Air Canada Aeroplan, Delta Airlines SkyMiles, Hilton Honors and Marriott Bonvoy.

If you want to use your points towards other travel redemptions made through the American Express Travel Service or use your points to cover charges made to the card, that will also get you some solid value.

Benefits of the Cobalt Card include $100 USD in hotel credit on 2+ night booking for hotels that fall under The Hotel Collection and great travel and purchase insurance.

Best For No Annual Fee

MBNA Rewards Platinum Plus® Mastercard®
MBNA Rewards Platinum Plus® Mastercard®

If you want a card that earns great rewards without the annual fee, the MBNA Rewards Platinum Plus Mastercard is a fantastic option.

The card earns 2X points on restaurant, grocery, digital media, membership, and household utility purchases on up to $10,000 in spend annually in the applicable category. You'll also earn 10% bonus points based on points earned 12 months before your birthday month.

Points earned with the card can be redeemed for travel at a value of 1 cent each. The card also offers mobile device insurance as well as extended warranty benefits and purchase assurance.

Best For No Foreign Transaction Fee

Scotiabank Gold American Express® Card
Scotiabank Gold American Express® Card

Want to avoid foreign transaction fees on international spending while still earning a superb return on your spend? Then you'll want to check out the Scotiabank Gold American Express Card.

It has no foreign transaction fees meaning you will not have to pay the 2.5% fee on any foreign currency purchases including online shopping and traveling abroad. You'll only have to worry about the exchange rate which is great.

In terms of rewards, the card earns 5X points on grocery, restaurants, and entertainment purchases, 3X points on gas, daily transit, and select streaming service purchases, and 1X on all other purchases. Scotia Rewards Points can be redeemed at a value of 1 cent each towards travel purchases.

The Scotiabank Gold American Express Card also comes with a good list of benefits including Priority Pass membership, access to AMEX Offers which can earn you bonus points and save you money at your favorite retailers, and 8 types of insurance coverage including trip cancellation insurance, trip interruption insurance, flight delay insurance, and rental car collision loss/damage insurance.

Overall, if you want a card that does it all no matter if you're spending domestically or internationally, you'll want to sweep up the Scotiabank Gold American Express Card.

Best For Heavy Spenders

RBC Avion Visa Infinite Card
RBC Avion Visa Infinite Card

If you're a big spender that want travel benefits but don't want to worry about bonus categories, the RBC Avion Visa Infinite Card is a solid option.

The card earns 1X points on all purchases and a bonus 25% points on travel purchases. Points earned with the card can be redeemed for airfare using the RBC Air Travel Redemption Schedule at a minimum of 2 cents per point. They can also be transferred to partners such as American Airlines and British Airways.

You'll also receive a bunch of benefits including access to Visa Infinite benefits, discounts and bonus points with Petro-Canada, and great purchase and travel insurance coverage which includes mobile device insurance, trip cancellation and trip interruption insurance, and emergency medical travel insurance.

Best For Air Canada Benefits

American Express® Aeroplan® Reserve Card
American Express® Aeroplan® Reserve Card

The American Express Aeroplan Reserve Card is the best option if you frequently fly Air Canada and you're looking for top-notch benefits when doing so.

The card offers access to Air Canada Maple Leaf Lounges, priority airport services such as Air Canada priority check-in, boarding, and baggage handling, free checked bags, the ability to roll over Aeroplan Elite Status Qualifying Miles and unused eUpgrade Credits, and much more.

When you spend $25,000 in net purchases across the card prior to the anniversary date, you'll be given a Worldwide Companion Pass which allows you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to $599 CAD (plus taxes/fees) depending on the destination.

In terms of points, you'll earn 3X Aeroplan Points on purchases made directly with Air Canada and Air Canada Vacations, 2X on dining and food delivery purchases in Canada, and 1.25X on everything else.

Best For Luxury Travel & Lounge Access

The Platinum Card®
The Platinum Card

Want access to lounges around the world as well as a slew of elite travel benefits? Turn your attention to The Platinum Card® by American Express.

The card comes with a long list of benefits including $200 CAD in annual travel credit, complimentary hotel elite status with several hotel brands including Marriott and Hilton, special benefits at Toronto Airport, and great travel and purchase insurance coverage.

The most known benefit of The Platinum Card is the American Express Global Lounge Collection. This grants access to Centurion Lounges, Delta SkyClub Lounges (when flying Delta), Plaza Premium Lounges, Airspace Lounges, Escape Lounges, Priority Pass Lounges, Executive Lounges by Swissport, and Québec City’s Jean Lesage International Airport VIP Lounge.

With the Platinum Card, you're effectively getting lounge access, a bunch of travel benefits, and great insurance for $499 CAD (after the $200 annual credit) which is an excellent deal. Pair this card with the American Express Cobalt Card and you'll have yourself a nice 2-card combination that works great for travel.

Best Credit Cards For Travel Summary

Credit Card Annual Fee Best For
American Express Cobalt™ Card $12.99 per month Flexible Travel Rewards
MBNA Rewards Platinum Plus® Mastercard® $0 No Annual Fee
Scotiabank Gold American Express® Card $120 No Foreign Transaction Fee
RBC Avion Visa Infinite Card $120 Heavy Spenders
American Express® Aeroplan® Reserve Card $599 Air Canada Benefits
The Platinum Card® $699 Luxury Travel & Lounge Access

Best Credit Cards By Spend Calculator

Use this calculator to find out which Canada travel rewards credit cards will earn you the most rewards and best return based on your spend.

Results will be sorted by net return. This is calculated by taking the average value of the rewards earned adding the average value of card benefits and subtracting any annual fees the card has.

Results will consist of top-rated credit cards in the market.

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These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only.

All spend entered in the fields above will carry over to every credit card rewards calculator on the site so there's no need to re-enter spend.