Are you a traveler looking to save money while enjoying amazing rewards? Cashback credit cards are a fantastic way to earn cashback rebates on your everyday spending while helping you save on flights, hotels, and travel expenses. In this blog, we will highlight the best cashback credit cards in Canada for travel. Let’s explore how you can maximize your cashback rebates and make your travel even more rewarding!
Cashback credit cards offer the flexibility to earn a percentage of your spending back in the form of cash. For travelers, this means you can save money on:
● Flights
● Hotel stays
● Rental cars
● Dining out
The cashback rebates you earn can be redeemed to cover part of your travel expenses or put directly back into your pocket. It’s a win-win for anyone who loves to travel smart.
Here are some of the best cashback credit cards in Canada that will help you maximize your travel savings:
● Cashback Rates: Up to 4% cashback on groceries and recurring payments, 2% on gas and transit, and 1% on everything else.
● Travel Perks: Great for earning rebates on everyday spending to put towards travel expenses.
● Welcome Bonus: Offers a competitive cashback welcome bonus.
● Annual Fee: $120 (waived for the first year).
● Cashback Rates: You can earn 5% cashback on groceries, 4% on transit, 3% on gas, 2% on recurring bills, and 1% on everything else.
● Travel Perks: Includes free roadside assistance and extended travel insurance.
● Welcome Bonus: Earn a generous cashback bonus in the first few months.
● Annual Fee: $120.
● Cashback Rates: You can earn 4% cashback on groceries and gas, 2% on dining and transportation, and 1% on everything else.
● Travel Perks: Access to travel insurance coverage and discounts on car rentals.
● Welcome Bonus: A competitive cashback rebate in the first year.
● Annual Fee: $120 (first-year rebate available).
● Cashback Rates: 2% cashback in up to three categories of your choice and 0.5% on all other purchases.
● Travel Perks: No annual fee, allowing more savings for your trips.
● Welcome Bonus: Often includes a limited-time cashback bonus.
● Annual Fee: $0.
● Cashback Rates: 1.5% cashback on all purchases and 3% cashback on purchases made in U.S. dollars.
● Travel Perks: Includes travel insurance, airport lounge access, and no annual fee.
● Welcome Bonus: Competitive cashback offer for new cardholders.
● Annual Fee: $0.
Here are a few things to consider when choosing the best cashback credit card for your travel needs:
1. Cashback Rates: Look for cards that offer high cashback rebates on categories like dining, gas, and groceries.
2. Annual Fees: Balance the cashback benefits with any annual fees.
3. Travel Perks: Check if the card offers additional benefits such as travel insurance, airport lounge access, or rental car discounts.
4. Welcome Bonuses: Take advantage of cards with generous introductory cashback offers.
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Cashback credit cards are a smart way to save money while earning cashback rebates for your travel adventures. Whether you’re looking for no annual fee options, high cashback rates, or additional travel perks, there is a credit card in Canada perfect for you.
By choosing the right card, you can maximize your spending and enjoy amazing savings on your next trip. Start exploring your options today, and get ready to travel smarter and save more!
Q: What is a cashback credit card?
A cashback credit card gives you a percentage of your spending back as cash rebates.
Q: Which cashback credit card is best for frequent travelers?
The BMO CashBack World Elite® Mastercard® and Scotia Momentum® Visa Infinite Card* are great options due to high cashback rates and travel perks.
Q: Can I use cashback rebates to pay for flights and hotels?
Yes, many cashback credit cards allow you to use rebates as statement credits to cover travel expenses.
