Best Canadian Credit Card
It’s that time of year again – the holiday season is upon us! With all the spending on dinners, gifts, and travel, it’s the perfect opportunity to make the most of your credit card rewards. In this blog post, we will be discussing the top three Canadian credit cards that offer the best rewards for the holiday season.
The American Express Cobalt Card
The first credit card we recommend is the American Express Cobalt Card. With an annual fee of $155, this card is perfect for those who enjoy dining out and shopping during the holidays. The Cobalt Card offers five times the points for food and drinks at restaurants and bars, making it a great choice for holiday gatherings. Additionally, you earn two times the points for travel expenses and one point for all other purchases.
During the holiday season, dining expenses can add up quickly. Imagine going to a family dinner where the bill easily reaches $200. With the Cobalt Card, you would earn 1,000 points just from that one meal. If you’re the one who volunteers to pay for the entire bill, you can rack up even more points. These points can be transferred to other loyalty programs, such as Aeroplan or Marriott, allowing you to redeem them for flights or hotel stays.
The RBC Avion Visa Infinite Card
Our second recommendation is the RBC Avion Visa Infinite Card. With an annual fee of $120, this card offers flexibility in terms of rewards. The Avion points earned can be transferred to various airlines, such as British Airways and Cathay Pacific, making it a great choice for those interested in flying to Europe or Asia.
Currently, the RBC Avion Visa Infinite Card offers a bonus of 55,000 points with a minimum spend of $5,000 in the first six months. This bonus can be easily achieved during the holiday season, as many people tend to spend more during this time. The one-to-one earning ratio of points to dollars spent makes it easy to calculate how many points you can earn with your purchases.
The TD Aeroplan Visa Infinite Card
The third credit card on our list is the TD Aeroplan Visa Infinite Card. With an annual fee of $139, this card offers a first-year fee waiver, which is a great perk. The TD Aeroplan Visa Infinite Card also provides a total of 55,000 points, with a front-loaded bonus of 35,000 points for spending $5,000 within the first 180 days.
These points can be redeemed for short-haul round-trip flights or even one-way flights to Asia. The spending requirements can be easily met during the holiday season, especially if you’re purchasing gifts or volunteering to pay for dinners with friends and family.
Conclusion
If you’re looking to make the most of your holiday spending, applying for a rewards credit card is a smart move. The American Express Cobalt Card, RBC Avion Visa Infinite Card, and TD Aeroplan Visa Infinite Card are our top three recommendations for the holiday season. Each card offers unique benefits and rewards, allowing you to maximize your points and enjoy the perks. So why not take advantage of this opportunity to earn some rewards for your loved ones and yourself in 2024? Apply for one of these credit cards today!
