Top Travel Credit Cards in Canada (2024); Let’s get into it….
A lot of people love to travel but they haven’t hacked the benefits of Travel Credit Cards and boy there are so many juicy benefits! I booked my flight to Bermuda using a combination of Airmiles points and Amex points. I have also recently booked 6 flights across 4 states in the US for less than $500 because I used a combination of my Airmiles points and Amex Points.
What are Travel Credit Cards?
Travel Credit Cards are credit cards from which you get travel rewards and benefits. You get points or miles from your everyday purchases which you can redeem for flight tickets, hotels, car rentals and other travel-related expenses.
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Things to Know Before Choosing a Travel Credit Card
Fees:
Most travel credit cards come with fees so ensure the fees make sense for the rewards and benefits you will receive from the card. Also, please make sure the fees fit into your budget and it makes sense financially.
Understand the Benefits:
All the credit cards say you earn some form of points or miles, but you need to understand if your current lifestyle expenses fit into the profile to get the most points. For instance, with the CIBC Aventura Visa Infinite Card, you get the most points from travel-related purchases while with the AMEX Cobalt, you get the most points from grocery purchases. If my highest expenses are grocery-related it makes sense to get the Cobalt card.
On the other hand, you need to understand what the points mean and what you can redeem with them. For instance, the AMEX points transfer 1:1 to several airlines and are worth about 1.3 cents on average per point. I recently transferred about 21k points to my Aeroplan and booked a return flight to the US for about 19k points. In the same vein, I have bought a return flight to Bermuda for about 3k Airmiles points and a return flight within the US for 2.5k points. The essence of this is it seems that it’s harder to get Airmiles points with the BMO AirMiles World Mastercard and their bonus is so little compared to the rest, but it is because their points are worth more compared to the rest.
Finally, also pick credit cards that give you things that are important to you, I don’t care for lounge access but some people love it so that needs to come into your credit card consideration and choice.
So please do your research!
