Unlocking the Best Travel Reward Card in Canada for 2026: Your Ultimate Guide
- YourTrip
- Feb 12
- 15 min read
Finding the best travel reward card in Canada for 2026 can feel like a puzzle. With so many options out there, it's easy to get lost in the details. This guide breaks down some of the top contenders, looking at what makes each one stand out. Whether you're a frequent flyer or just starting to think about using points for your next vacation, we've got you covered. Let's figure out which card fits your wallet and your wanderlust.
Key Takeaways
The American Express Cobalt Card is often cited as a top choice for overall spending, especially on groceries and dining, offering flexible points.
For travelers, the Scotiabank Passport Visa Infinite Card is a strong contender with no foreign transaction fees and airport lounge access.
The CIBC Dividend Visa Infinite Card is a good pick if you're focused on cashback, particularly for everyday expenses like groceries and gas.
Premium cards like The Platinum Card from American Express offer extensive perks and travel benefits, but come with a higher annual fee.
Cards like the TD Aeroplan Visa Infinite or Marriott Bonvoy American Express Card are excellent if you have a preferred airline or hotel loyalty program.
1. American Express Cobalt® Card
Okay, let's talk about the American Express Cobalt® Card. This card has been a real game-changer for a lot of people, especially if you spend a good chunk of your money on food and entertainment. It's hands down one of the best cards out there for earning flexible rewards on everyday purchases.
What really sets the Cobalt apart is its reward structure. You get a whopping 5x points on eligible dining and food delivery purchases in Canada. Think restaurants, cafes, and even groceries – that's a lot of points stacking up quickly! Plus, you get 3x points on eligible streaming services and 2x points on transit, ride shares, and gas. Everything else earns you 1 point per dollar. It's pretty straightforward, but those bonus categories can add up fast.
Here's a quick look at the earning rates:
5x points: Eligible dining and food delivery in Canada (including groceries)
3x points: Eligible streaming subscriptions in Canada
2x points: Eligible ride shares, transit, and gas in Canada
1x point: All other eligible purchases
Redeeming your points is also pretty flexible. You can transfer them 1:1 to popular travel programs like Aeroplan, or use them for statement credits at a decent rate. You can also use them through Amex's own travel portal. It’s nice to have options, right?
Now, it's not all sunshine and rainbows. This card comes with a monthly fee of $12.99, which works out to $155.88 annually. That's a bit higher than some other cards, but for the rewards you get, many people find it worth it. Also, remember that American Express isn't accepted everywhere Visa and Mastercard are, so keep that in mind when you're out and about.
One thing to note is the travel insurance. While it's pretty good, offering up to $5 million in emergency medical coverage for the first 15 days of a trip (for those under 65), it doesn't cover trip cancellation or interruption, and the medical coverage has age limits. So, definitely double-check the details if travel insurance is a big priority for you.
Overall, if you're someone who eats out often, orders delivery, or subscribes to a lot of streaming services, the Amex Cobalt Card is definitely worth a serious look. The points you can earn on those categories are hard to beat.
2. Scotiabank Passport™ Visa Infinite* Card
If you're someone who travels a fair bit and likes to keep your options open when it comes to redeeming rewards, the Scotiabank Passport™ Visa Infinite* Card is definitely worth a look. It's a solid all-around travel card that doesn't tie you down to one specific airline or hotel chain. You can use the Scene+ points you earn for pretty much anything travel-related – flights, hotels, car rentals, you name it.
This card is a great choice because it waives foreign transaction fees, which can really add up when you're spending money in another country. Plus, you get six free passes to airport lounges each year, which is a nice perk for making those travel days a bit more comfortable. The annual fee is $150, which isn't nothing, but considering the benefits, many people find it’s well worth the cost.
Here's a quick rundown of how you can earn points:
3x Scene+ points on eligible purchases at grocery stores like Sobeys, Safeway, and IGA.
2x Scene+ points on groceries at other eligible stores, dining, entertainment, and transit (including rideshares).
1x Scene+ point on all other everyday purchases.
You can also earn extra points on travel booked through Scene+ Travel, powered by Expedia.
Beyond the points, the insurance coverage is pretty robust. You've got travel accident insurance, emergency medical coverage for trips outside your province, trip cancellation and interruption protection, and even coverage for flight and baggage delays. It’s the kind of stuff that gives you peace of mind when you're away from home.
The Scotiabank Passport Visa Infinite Card is designed for Canadians who travel frequently and want flexibility in how they use their rewards. Its no foreign transaction fee policy and airport lounge access are standout features that make it a strong contender in the travel rewards space.
3. CIBC Dividend® Visa Infinite* Card
Alright, let's talk about the CIBC Dividend® Visa Infinite* Card. This card is a pretty solid choice if you're looking to get some decent cash back on your everyday spending, especially on things like groceries and gas. It really shines when it comes to those common household expenses.
One of the big draws is the welcome offer. You can get up to $250 in cash back in your first four statements, plus an extra $50 for setting up a pre-authorized payment. And hey, the first year's annual fee is waived, which is always nice to see. After that, the annual fee is $120.
Here's a quick look at how the cash back breaks down:
4% cash back on eligible gas, EV charging, and grocery purchases.
2% cash back on eligible transportation, dining, and recurring payments.
1% cash back on all other purchases.
It's worth noting that the higher earn rates, like the 4% on groceries and gas, are capped. You'll get that rate on the first $50,000 of spending annually. After that, it drops to the base rate. This is a pretty common feature on many rewards cards, so it's good to keep in mind.
Beyond the cash back, this card also comes with some handy perks. You get a 12-month Skip+ free trial when you link your card, which can save you some money on food delivery. Plus, you can save on gas with Journie Rewards at participating stations. It's also part of the Visa Infinite Program, which can give you access to special dining events and hotel benefits.
While this card offers great cash back on everyday spending, its insurance coverage isn't as robust as some other premium travel cards. If extensive travel insurance is a top priority for you, you might want to compare it with other options.
Redeeming your cash back is pretty straightforward. You can do it anytime through CIBC Online and Mobile Banking as long as you have at least $10 accumulated. This flexibility is a big plus, letting you use your rewards when you need them. If you're looking for a card that rewards you for your regular spending and offers some nice lifestyle perks, the CIBC Dividend® Visa Infinite* Card is definitely worth a look. You can find more details about CIBC Dividend Visa Infinite Card benefits on their site.
4. Scotiabank Platinum American Express® Card
Okay, let's talk about the Scotiabank Platinum American Express Card. This card is definitely aimed at people who travel a fair bit and want some nice perks to go along with it. It's got a pretty good rewards structure, especially if you spend a lot on dining and groceries. The big draw here is probably the lack of foreign transaction fees, which can save you a decent chunk of change when you're spending money outside of Canada.
Here's a quick look at how you earn points:
5 points for every $1 spent on groceries, restaurants, and food delivery.
3 points for every $1 spent on gas and transit.
1 point for every $1 on everything else.
It also comes with some pretty solid travel insurance, including medical coverage for up to 25 days. That's a nice bit of peace of mind when you're heading out of the country.
However, it's not all sunshine and rainbows. American Express cards, in general, aren't accepted everywhere Visa or Mastercard are, so you might run into that issue sometimes. Plus, while the points are easy to understand, they're generally worth one cent each and can't be transferred to airline partners like some other cards allow. You do get a discount on Priority Pass for lounge access, but the actual visits aren't free with the card itself.
The annual fee is $120, which isn't the highest out there, but it's something to consider. You'll need to do the math to see if the rewards and benefits you get from using the card outweigh that cost for your spending habits.
5. The Platinum Card® from American Express
Okay, let's talk about The Platinum Card® from American Express. This card is definitely aimed at the serious traveler, and honestly, that $799 annual fee is no joke. But if you fly a lot and really value premium perks, it might just be worth it. The biggest draw here is the incredible airport lounge access. We're talking about the American Express Global Lounge Collection, which opens doors to over 1,400 lounges worldwide. That includes The Centurion Lounge network, Plaza Premium, and others. It’s a pretty sweet deal if you spend a lot of time in airports.
Beyond the lounges, you get a $200 annual travel credit and another $200 annual dining credit, which can help offset that hefty fee. Plus, there are member extras that can add up to more value, like statement credits with specific brands. You also get some pretty solid travel insurance, covering things like trip cancellation and interruption, flight delays, and even car rentals. It's a lot of coverage, which is reassuring when you're on the go.
Here’s a quick look at some of the key benefits:
Airport Lounge Access: Unlimited access to over 1,400 lounges globally.
Travel Credits: $200 annual travel credit and $200 annual dining credit.
Travel Insurance: Comprehensive coverage including trip cancellation, interruption, and flight delay.
Hotel Program Perks: Enjoy benefits like upgrades and credits when booking through Fine Hotels + Resorts.
Point Earning: Earn 2 points per dollar on eligible dining and travel, and 1 point per dollar on everything else.
One thing to keep in mind is that this is a charge card. That means you need to pay your balance in full each month. If you don't, you'll face some pretty high interest rates. Also, while Amex is widely accepted, it's not quite as common as Visa or Mastercard in some places, so that's something to consider if you travel extensively within Canada.
While the annual fee is high, the value proposition for frequent travelers who can maximize the lounge access, travel credits, and insurance benefits is substantial. It's designed for those who want a premium travel experience and are willing to pay for it.
If you're looking for a card that truly spoils you on your travels and you can make use of the extensive perks, The Platinum Card® from American Express is a strong contender. Just make sure you'll actually use those benefits to get your money's worth. You can find more details on American Express Canada rewards programs.
6. Scotiabank®* Gold American Express® Card
Alright, let's talk about the Scotiabank Gold American Express Card. This card is a pretty solid choice if you spend a good chunk of your money on groceries and dining out. It really shines when it comes to earning points in those categories. You get a sweet five points for every dollar spent on groceries, restaurants, and food delivery, plus entertainment. That's a lot of points stacking up quickly.
Beyond the grocery store and your favorite restaurant, you'll also earn three points per dollar on gas and transit. For everything else, it's one point per dollar. The annual fee is $120, which isn't nothing, but the perks can make it worthwhile.
One of the biggest advantages is that this card doesn't charge foreign transaction fees. So, if you're traveling or shopping online from a different country, you won't get hit with that extra 2.5% charge. That can add up!
Here's a look at some of the insurance coverage you get:
Travel Emergency Medical: Up to $1,000,000 for 25 days (if you're under 65). This is pretty good for those longer trips outside your home province.
Trip Cancellation/Interruption: Up to $1,500 per person (max $10,000 per trip). This can save you a lot if plans go sideways before or during your travels.
Car Rental Insurance: Covers rental cars up to $65,000 MSRP for 48 days. Handy if you rent cars often.
Baggage Loss/Delay: Up to $1,000 coverage. It's nice to have a bit of a safety net if your luggage goes missing.
While this card offers great earning potential and good travel insurance, remember that American Express isn't accepted everywhere. You might still need a Visa or Mastercard for some places.
It's worth noting that while the points are valuable, they generally have a fixed value and can't be transferred to airline partners like some other cards. So, you're looking at redeeming them for travel through Scotiabank's program. It's a straightforward system, but if you're a big points-transfer person, that's something to consider.
7. CIBC Aventura® Visa Infinite* Card
If you're someone who likes to travel and also values getting through airport security a bit faster, the CIBC Aventura® Visa Infinite* Card might be worth a look. It offers a rebate on NEXUS applications, which is a pretty neat perk if you cross the border often or fly internationally.
This card earns Aventura points, which can be redeemed for travel. You get a decent rate on travel booked through CIBC, and there are other redemption options too, though they might not always give you the best bang for your buck. It's good to know you have choices, though.
Here's a quick rundown of what you can expect:
NEXUS Rebate: Get up to a $160 rebate every four years for your NEXUS application fee. This is a standout feature for frequent border crossers.
Aventura Points Earning: You'll earn points on your spending, with bonus rates on travel booked through CIBC.
Travel Insurance: Like many travel cards, it comes with a suite of travel insurance benefits to give you some peace of mind on your trips.
Visa Infinite Perks: Access to Visa Infinite benefits, which can include things like concierge services and special offers.
While the NEXUS rebate is a big draw, it's always a good idea to compare the overall value and redemption options against other travel cards. Sometimes, the points you earn might be more flexible or valuable elsewhere, depending on your travel habits. Make sure the card fits your spending style and travel goals.
When considering this card, think about how often you travel and if the NEXUS benefit aligns with your routine. You can find more details about the CIBC Aventura® Visa Infinite* Card and its specific features on their website.
8. TD® Aeroplan® Visa Infinite* Card
If you're all about Aeroplan points and flying with Air Canada, the TD® Aeroplan® Visa Infinite* Card is a solid choice to consider. It's designed to help you rack up those Aeroplan miles, which can be pretty handy for booking flights on Air Canada and its Star Alliance partners. This card is particularly good for those who fly Air Canada frequently and want to take advantage of perks like a free checked bag.
Here's a quick look at what you can expect:
Earning Aeroplan Points: You'll earn points on your everyday spending, with bonus points often available at participating retailers when you use your card. It's a decent way to build up your Aeroplan balance without feeling like you're going out of your way.
Air Canada Perks: Cardholders often get benefits like a first checked bag free for the primary cardholder and companions on Air Canada flights within Canada and the U.S. This can add up to some nice savings.
Travel Insurance: The card comes with a pretty good travel insurance package. This includes things like out-of-province medical coverage, trip cancellation and interruption insurance, flight delay coverage, and baggage loss or delay insurance. It's good to have that peace of mind when you're traveling.
Nexus Reimbursement: You can get up to $100 back every 48 months for a Nexus membership, which can speed up your trips through security when crossing the border.
There's an annual fee of $139, and while it's a bit more than some other cards, the Aeroplan earning potential and the included perks can make it worthwhile if you're a regular Air Canada flyer. Just remember that Aeroplan points are best redeemed through the Aeroplan program itself, so it's not the most flexible if you want to book with any airline under the sun.
9. Marriott Bonvoy® American Express®* Card
If you're someone who loves staying at Marriott properties, this card is pretty much a no-brainer. It's designed specifically for racking up points that you can use at over 7,000 hotels worldwide. You'll earn a solid 5 points for every dollar spent at Marriott Bonvoy hotels, and 2 points on everything else. That's a good rate, especially if you're a frequent guest.
Every year, after your first anniversary, you get a free night award. It's good for up to 35,000 points, which can get you a nice stay at many hotels. Plus, you automatically get Marriott Bonvoy Silver Elite status, and you can even get Gold Elite status if you spend enough or combine your elite night credits with qualifying stays. That means better perks and potentially room upgrades.
Here's a quick look at what you get:
Welcome Bonus: Up to 110,000 bonus Marriott Bonvoy points (earn 80,000 after spending $6,000 in the first 6 months, and another 30,000 after your 15th month with a purchase).
Annual Free Night: A free night award (up to 35,000 points) each year after your first anniversary.
Elite Status: Automatic Silver Elite status, with a path to Gold Elite.
Elite Night Credits: 15 Elite Night Credits annually to help you reach higher status.
While this card is fantastic for hotel stays, it's worth noting that its travel insurance benefits aren't as robust as some other premium cards. Also, if you're thinking of transferring points to airline partners, the value might not be as good as using them directly for Marriott stays.
The annual fee is $120, which seems reasonable considering the free night award and the points you can earn. It's a solid choice if Marriott is your go-to hotel chain.
10. TD First Class Travel® Visa Infinite* Card
Alright, let's talk about the TD First Class Travel® Visa Infinite* Card. This card is pretty much designed for folks who want to turn their everyday spending into actual trips, you know, flights, hotels, the whole deal. It's a solid option if you're not tied to one specific airline or hotel chain and just want some flexibility with your rewards.
The big draw here is the potential to earn a lot of TD Rewards Points, especially with their welcome offers. They often have deals where you can rack up a significant number of points, which can translate into some serious travel value. Plus, you get an annual fee rebate for the first year, which is always a nice way to start.
Here’s a quick look at what you can expect:
Earning Potential: You'll earn points on all your purchases, with bonus points often available on travel bookings made through TD's own portal. It's not the highest earning rate out there for every category, but it's consistent.
Redemption Flexibility: This is where the card shines. You can use your TD Points for almost any flight, hotel, car rental, or even vacation package. It’s not limited to specific partners, giving you a lot of freedom.
Travel Insurance: Like most Visa Infinite cards, it comes with a decent suite of travel insurance. This includes things like trip cancellation, trip interruption, and travel medical insurance, which are super important when you're heading out of town.
While the card offers a good amount of flexibility and a decent welcome bonus, it's worth comparing the point value you get when redeeming through the TD portal versus booking directly. Sometimes, you might find a better deal elsewhere, but the convenience factor is definitely high with this card.
It’s a good all-around card for general travel rewards, especially if you appreciate the ease of booking through a unified platform and want to avoid being locked into a single loyalty program.
So, What's the Takeaway?
Alright, so we've gone through a bunch of credit card options for 2026, and it's clear there isn't just one 'best' card for everyone. It really comes down to what you do with your money. If you're always on the go, maybe a travel card like the Scotiabank Passport™ Visa Infinite* or the American Express Cobalt® Card makes sense with all those perks and points. For those who love getting cash back on everyday stuff, the CIBC Dividend® Visa Infinite* seems like a solid choice. And if you're just starting out or trying to get your credit back on track, the Secured Neo Mastercard® is there for you. Don't forget to check your credit score and see what you actually qualify for before you get your heart set on a card. Happy spending, and may your points balance always be in your favor!
Frequently Asked Questions
What's the best travel rewards card in Canada for 2026?
The American Express Cobalt Card is often called the best overall rewards card in Canada. It's great for everyday shopping like groceries and dining, and its points are super flexible for travel. It also has good travel insurance, making it a solid choice for many Canadians.
How do I know if I can get a travel rewards card?
Most travel rewards cards need you to have a good credit score. You can check your credit report or use online tools to see if you might qualify before you apply. Some cards are easier to get than others, especially if you're just starting to build credit.
What are 'foreign transaction fees' and why should I care?
Foreign transaction fees are extra charges you might see on your credit card bill when you buy something in a different country or in a foreign currency online. Cards like the Scotiabank Passport Visa Infinite don't charge these fees, which can save you money when traveling abroad.
What's a 'welcome bonus' and how does it work?
A welcome bonus is a special offer you get when you first sign up for a new credit card. It might be a bunch of points or cash back after you spend a certain amount in the first few months. These bonuses can be a great way to get a lot of value right away.
Can I use my travel points for anything besides flights?
Yes, most travel rewards cards let you use your points for more than just flights. You can often use them for hotels, car rentals, vacation packages, and sometimes even gift cards or other merchandise. It really depends on the card's rewards program.
How often should I apply for new credit cards?
It's usually best to wait a few months between applying for credit cards. Each time you apply, it can slightly lower your credit score for a short time. Applying too often might make it harder to get approved for new cards, especially the premium ones.
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