Credit cards with travel insurance in Canada provide travelers with comprehensive protection, from emergency medical coverage to rental car coverage and beyond.
Many cards also provide travel insurance benefits that cover baggage delay and hotel burglary coverage; however, to qualify for these perks the entire trip cost must be charged to the card.
1. TD Bank World Elite Mastercard
NerdWallet evaluates credit cards based on their overall consumer value, taking into account factors like annual fees, rewards rates and categories, redemption options and welcome bonuses. TD Bank offers Canadians an impressive variety of credit cards.
TD offers co-branded Aeroplan credit cards, with rewards points that can be redeemed for Air Canada flights, as well as general rewards credit cards that feature strong earning potential on daily spending. Furthermore, there is an array of travel-friendly perks such as airport lounge access and travel insurance available through them.
The TD World Elite Mastercard is a top-tier travel card that gives both you and one guest access to the National Bank lounge at Montreal-Trudeau airport, plus many other benefits – including cellphone protection that reimburses up to $1,000 should your device become damaged or stolen; trip cancellation/interruption coverage; and 10 times greater medical travel insurance than standard coverage amounts.
2. TD Bank Visa Infinite Privilege
The TD Bank Visa Infinite Privilege card is one of Canada’s premier co-branded Aeroplan cards and provides many travel-oriented benefits. Unfortunately, its high annual fee and income requirements make it unavailable to many consumers.
This card provides benefits such as priority check-in and boarding for up to eight companions of its owner as well as airport standby for priority boarding on Air Canada flights; free first checked bag on these flights; concierge service, Purchase Security & Extended Warranty Protection as well as mobile device insurance; along with other additional perks.
The TD Bank Visa Infinite card may have lower Better Business Bureau and Trustpilot scores than expected, reflecting less-than-stellar customer satisfaction. Still, it could be an ideal choice for Aeroplan points earners with good credit who don’t mind incurring an annual fee.
3. RBC Avion Visa Infinite Privilege
RBC Avion Visa Infinite Privilege is an Ultra Premium travel rewards card offering high point values and comprehensive insurance benefits. It comes equipped with a valuable 70,000-point welcome bonus+ and provides extensive travel and purchase protection including trip cancellation/interruption coverage+, baggage delay insurance+, out-of-province emergency medical care insurance+ and mobile device protection+.
This card’s features and benefits include some of the finest lounge access in Canada, concierge service and a $200 dining credit+ to ease its $399 annual fee. Avion points earned can be applied towards travel expenses or converted into multiple frequent flyer programs; additionally it features a 35% transfer bonus on Hertz rentals – another draw.
4. RBC Visa Infinite Card
If your credit score falls between 760-900, and you love travel rewards, the RBC Visa Infinite Card could be perfect. Offering Avion points with every purchase plus discounts when used with Hertz rental cars or Petro-Canada cards; plus it even provides trip cancellation/interruption, emergency medical travel coverage, and hotel burglary protection!
Additional advantages include no foreign transaction fees and six complimentary airport lounge visits each year, with its welcome bonus varying between 35,000 and 55,000 Avion points. It doesn’t require a minimum income requirement either, making the application process more accessible; and you’ll earn 1.5 Avion points for every dollar spent on groceries, rideshares, fuel, EV charging stations, transit, streaming or subscription purchases; with one point earned per dollar spent elsewhere.
5. RBC Visa Signature Card
This card is an ideal travel credit card for Canadians seeking rewards across a range of categories and extensive insurance benefits, while offering competitive annual fees that provide great value.
RBC Ion and Ion+ Visa cards are two new products which have come to replace their predecessors: RBC Avion Visa and Signature Avion Rewards+ Visa cards. Both products offer higher earnings potential in certain categories with reduced fees than their predecessors.
These cards offer a starting credit limit of $5,000 and come equipped with an annual spending summary and warranty manager service that extends manufacturer warranties by two years. In addition, there are no foreign transaction or balance transfer fees associated with them.
