In a year that saw a major shakeup in the travel rewards credit industry, RewardsCanada.ca (www.rewardscanada.ca) is pleased to announce the results of its 6th annual ‘Canada’s Top Travel Rewards Credit Card’ feature.
With more than 80 travel rewards credit cards to choose from, Canadians have become increasingly overwhelmed when it comes to picking the right card.
RewardsCanada.ca helps by ranking credit cards in each of the five major categories: Travel Points (with annual fee), Travel Points (with no annual fee), Hybrid (flexible currency), Airline and Hotel. The credit cards are judged by looking at such factors as cost, co-brand partnerships, rate of return, benefits and redemption options. The feature, with complete rankings and background, can be found online at www.rewardscanada.ca/topcc2014
And the Winners Are:
- Travel Points (with annual fee): Capital One Aspire Travel World MasterCard
- Travel Points (with no annual fee): American Express Blue Sky Credit Card
- Hybrid: American Express Gold Rewards Card
- Airline: TD Aeroplan Visa Infinite Card
- Hotel: The Starwood Preferred Guest Credit Card from American Express
“When TD announced its new partnership with Aeroplan, it created a feeding frenzy among credit card issuers — all hoping to scoop up disgruntled CIBC Aeroplan customers, ” said Patrick Sojka of RewardsCanada.ca “What followed was one of the most competitive and and aggressive marketing battles in n recent memory. And when the dust settled, TD had overthrown CIBC in the Airline Credit Card category with its new Aeroplan Visa Infinite credit card — a position CIBC held for the last 5 years.”
In honour of Rewards Canada's sixth year of ranking Canada's top travel reward cards, here are five tips consumers should consider when picking the right travel rewards card:
1. Check under the hood -- make sure you understand how the earning and redemption mechanics of the card work including expiring policies for programs that issue miles or points
2. Set a travel goal -- knowing when and where you want travel will go along way in helping you narrow down the appropriate card
3. Hey Big Spender -- Do the math and have a realistic idea of how much spending you'll put through your card each year
4. Pick a card and stick to it -- once you identified you card it's critical you put all your spending through the card -- splitting you spend among several cards only delays your time to redemption
5. Fee or Free -- Most annual fees card pay for themselves with a one week car rental when you decline the rental car company's insurance and use the coverage from your credit card
This feature is a continuation of RewardsCanada.ca’s “Guide to Choosing a Travel Rewards Credit Card” which is aimed at helping the Canadian consumer choose the right travel rewards credit card for them.
About RewardsCanada.ca
Launched in 2001, RewardsCanada.ca is regularly featured in the Canadian media and is considered to be Canada’s premier frequent flyer and travel rewards resource. Updated on a daily basis, the website features news, articles, program information and bonus offers for over 80 travel reward programs.
Contact:
Patrick Sojka
CEO/Founder
www.rewardscanada.ca
403-607-3538,
psojka@rewardscanada.ca