Canada's Best Travel Credit Cards 2017 - MoneySense

Canada’s Best Travel Credit Cards 2017

Fly high with the points you rack up with these top travel rewards cards


For our most up-to-date ranking of travel credit cards, go here.

With a good travel credit card, travel suddenly becomes affordable. And it helps if you sign up for the right travel credit card—one that doesn’t just focus on points—but also has perks like companion flights, amazing insurance coverage and flexibility with transferring points between cards.

Winner: BMO World Elite MasterCard*

  • bmo world eliteGenerous cash back: 2% back in travel on all card purchases.
  • Welcome bonus: $200 sign up bonus.
  • Anywhere, anytime travel: Book with no blackout periods. Points can be used to cover all flight charges and taxes.
  • Best in class travel and medical insurance (unlimited trips per year).Personal effects coverage that is good for the entire duration of the trip, not just when traveling on common carriers. No other issuer offers this.Four complimentary airport lounge visits per year worth over $200, and you can bring a guest.
  • Points never expire and there are no limits on what you can earn.

Second place: Scotiabank Gold American Express Card*

  • scotiabank gold american expressOffers one of Canada’s richest reward rates of 4% on gas, grocery, dining and entertainment, 1% back on everywhere else
  • $300 spending bonus
  • Flexible – offers the flexibility to redeem your cash equivalent points for any travel expense
  • Comprehensive travel insurance coverage
  • VIP lounge access with Priority Pass Lounges worldwide
  • Discounts and other special offers on hotels, airfare, car rentals, cruises and vacation packages  

Third place: American Express Gold Rewards Card*

  • american express gold rewards cardFlexibility – transfer points to other reward programs such as Delta, SkyMiles, Asia Miles
  • $250 welcome bonus
  • 2 points per dollar on gas, groceries, travel, pharmacy (one point is valued at $0.01)
  • Book any airline and fly any day

How much would you get in rewards in one year?

Net reward (excluding 1st year sign-up bonus
BMO World Elite MasterCard  $537
Scotiabank Gold American Express Card  $546
American Express Gold Rewards Card  $204

Based on $2,000 of monthly spending

Honorary Mention:  Starwood Preferred Guest Credit Card from American Express

  • Best hotel points credit card
  • 25,000 bonus Starpoints after you charge $1,500 in purchases to your card in your first 3 months
  • Earn 2 Starpoints for every dollar of eligible purchases charged to the card at participating SPG and Marriot Rewards hotels
  • Redeem Starpoints for free nights with no blackout dates at over 1,300 of the world’s most desired hotels in nearly 100 countries
  • Use Starpoints for flights on over 150 airlines with no blackout dates with SPG flights

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