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CardMapr, Unsplash What Are The Best Travel Credit Cards in Canada?
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Byron Mühlberg
Guide
If you frequently travel abroad from Canada or often make payments in foreign currencies, you'll probably know that there are many credit cards out there which cater to your needs. But with so many options at your fingertips, it's not always easy to find out which is the best for you.
Fortunately for you, our team has compared the top credit cards in Canada for annual fees, travel rewards, FX rates, insurance and protections, and much more to select what we believe are undeniably the four best cards on the market. So, no matter whether you're taking your family on vacation to Europe or just making a simple online transaction in US dollars, our carefully-selected options will cater to your every need!
If traveling as cheaply as possible is your goal, then a full-on credit card might not be your best bet. We recommend checking out KOHO's range of debit cards, whose Extra or Everything plans charge no FX fee.
Tangerine also offers the Money-Back Credit Card, which lets you build credit and take advantage of cashback while paying no annual fees.
Tangerine Money-Back Credit Card
Tangerine's Money-Back Credit Card is a credit card without an annual fee focusing on credit building and cash back. At 2.5% per transaction, it's not the cheapest travel credit card, but it can still be a good bet since it doesn't charge an annual fee.
- Annual Fee: $0
- Interest (Purchases): 19.95%
- Interest (Cash Advance): 19.95%
- Foreign Transaction Charge: 2.5%
- Rewards, Insurance, and Protections: Purchase Assurance and Extended Warranty, 2% Money-Back Rewards on everyday purchases
American Express Cobalt® Card
The American Express Cobalt® Card is an excellent choice for travel, offering benefits such as generous rewards, insurance, and no foreign transaction fees, ensuring a rewarding and cost-effective travel experience.
- Annual Fee: $155.88
- Interest (Purchases): 20.99%
- Interest (Cash Advance): 21.99%
- Foreign Transaction Charge: $0
- Rewards, Insurance, and Protections: Amex Membership Reward points, Mobile Device Insurance, travel insurance, etc.
TD® Aeroplan® Visa Infinite Privilege Card
The most premium credit card on this list, TD® Aeroplan® Visa Infinite Privilege Card has a high annual fee but comes packed with perks like comprehensive trip insurance, airport lounge access, travel benefits on Air Canada, and points.
- Annual Fee: $599
- Interest (Purchases): 20.99%
- Interest (Cash Advance): 20.99%
- Foreign Transaction Charge: $0
- Rewards, Insurance, and Protections: Travel Medical Insurance, Trip Cancellation/Interruption Insurance, Flight Delay Insurance, Global Airport Lounge Access, Air Canada travel benefits, etc.
BMO AIR MILES® MasterCard®
Another credit card without annual fees, BMO AIR MILES® MasterCard® is a good choice if you're looking for fair travel benefits without paying high annual fees, which includes rewards, miles, and basic trip insurance.
- Annual Fee: $0
- Interest (Purchases): 20.99%
- Interest (Cash Advance): 22.99%
- Foreign Transaction Charge: $0
- Rewards, Insurance, and Protections: Car rental discounts, Miles accrual, extended warranty and purchase protection, BMO Roadside Assistance, etc.
Take a Look at Our Related Guides
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