1.Scotiabank Passport Visa Infinite Card
Scotiabank
- 2%Points on groceries, dining, entertainment, and transit
- 1%Points on general purchases
Earn up to $1,500 in value in the first year, including a 60,000 bonus Scene+ point offer with minimum spend.
Earn 2x points on groceries, dining, entertainment, and transit, and 1x on general purchases.
20.99%
22.99%
The Scotiabank Passport Visa Infinite Card stands out as the top choice because it offers a robust rewards structure with 2x points on essential spending categories like groceries and dining, making it ideal for frequent travelers who want to maximize their rewards.
Pros:
- No foreign transaction fees
- Complimentary airport lounge access
Cons:
- Annual fee applies
- Minimum income requirement
2.American Express Cobalt Card
American Express
- 5%Points on eligible eats and drinks
- 3%Points on streaming services
- 2%Points on transit and gas
- 1%Points on all other purchases
Earn up to 15,000 Membership Rewards points by spending at least $750 in net purchases each month for the first 12 months.
Earn 5x points on eats/drinks, 3x on streaming, 2x on transit/gas, and 1x on other purchases.
21.99%
21.99%
What sets the American Express Cobalt Card apart is its exceptional earning potential, particularly for food and drink purchases, allowing cardholders to accumulate rewards quickly while enjoying a flexible redemption process.
Pros:
- High earning rates on food and drinks
- Flexible rewards program
Cons:
- Monthly fee applies
- Limited to Canadian residents
3.TD Aeroplan Visa Infinite Card
TD Canada Trust
- 1.5%Points on gas, groceries, EV charging, and Air Canada purchases
- 1%Points on all other purchases
Earn up to 40,000 Aeroplan points in the first year: 10,000 points on first purchase, 15,000 after spending $7,500 in the first 180 days, and 15,000 as an anniversary bonus.
Earn 1.5x points on gas, groceries, EV charging, and Air Canada purchases, and 1x on everything else.
21.99%
22.99%
The TD Aeroplan Visa Infinite Card is designed for Air Canada loyalists, offering a compelling rewards structure that maximizes points on essential purchases while providing valuable travel perks that enhance the overall travel experience.
Pros:
- Free first checked bag on Air Canada flights
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Minimum income requirement
4.Scotiabank Gold American Express Card
Scotiabank
- 6%Points at select grocers
- 5%Points on dining and entertainment
- 3%Points on gas, transit, and streaming
Earn $450 in travel rewards (45,000 bonus Scene+ points) for spending CA$2,000 within the first 3 months.
Earn 6x points at select grocers, 5x on dining/entertainment, and 3x on gas/transit/streaming.
20.99%
22.99%
The Scotiabank Gold American Express Card shines for its high-value rewards structure, particularly for grocery and dining purchases, making it an excellent choice for those who want to maximize their rewards while enjoying no foreign transaction fees.
Pros:
- High rewards on grocery spending
- No foreign transaction fees
Cons:
- Annual fee applies
- Limited acceptance compared to Visa
5.American Express Aeroplan Reserve Card
American Express
- 3%Points on Air Canada purchases
- 2%Points on dining
- 1.25%Points on all other purchases
Earn up to 85,000 Aeroplan points: 60,000 points after spending $7,500 in the first 3 months, plus 25,000 points after spending $2,500 in month 13.
Earn 3x points on Air Canada, 2x on dining, and 1.25x on other purchases.
21.99%
21.99%
The American Express Aeroplan Reserve Card is tailored for frequent Air Canada flyers, offering unparalleled travel benefits and a lucrative points earning structure that can significantly enhance the travel experience for those who fly often.
Pros:
- Unlimited Maple Leaf Lounge access
- Annual Worldwide Companion Pass
Cons:
- High annual fee
- Requires significant spending to maximize benefits
Final Words
As you consider the best travel credit cards this February, remember that the right choice depends on your unique spending habits and travel preferences. Take time to compare the options available, assess the rewards and benefits, and make an informed decision that aligns with your travel goals.
Frequently Asked Questions
The Scotiabank Passport Visa Infinite Card offers a welcome bonus of up to $1,500 in value in the first year, including a 60,000 bonus Scene+ point offer with minimum spend. Additionally, you can earn 2x points on groceries, dining, entertainment, and transit, and 1x on general purchases.
With the American Express Cobalt Card, you earn a welcome bonus of up to 15,000 Membership Rewards points by spending at least $750 in net purchases each month for the first 12 months. The card also offers 5x points on eats/drinks, 3x on streaming, 2x on transit/gas, and 1x on other purchases.
The TD Aeroplan Visa Infinite Card offers a welcome bonus of up to 40,000 Aeroplan points in the first year: 10,000 points on the first purchase, 15,000 after spending $7,500 in the first 180 days, and 15,000 as an anniversary bonus. This card is ideal for those who frequently fly with Air Canada.
Yes, most travel credit cards in Canada come with annual fees, which can range from moderate to high depending on the benefits offered. It's essential to weigh the card's rewards and benefits against its annual fee to determine if it fits your spending habits.
To choose the best travel credit card, consider your travel habits, preferred airlines, and spending categories. Look for cards that offer high rewards rates in those areas, as well as valuable perks like travel insurance, lounge access, and flexible redemption options.
When applying for a travel credit card, ensure you meet the eligibility requirements, including minimum income and credit score. It's also wise to check your credit report beforehand and understand the terms of the welcome bonus and ongoing rewards structure.
Yes, many travel credit cards allow you to earn rewards on everyday purchases, which can help you accumulate points or miles faster. However, it's crucial to compare the rewards rates on everyday spending with dedicated cashback or rewards cards to ensure you're getting the best value.
