MONTREAL, QUEBEC--(Marketwired - Feb 18, 2015) - GreedyRates.ca today released its Best Travel Credit Card Rankings in Canada for 2015. Winners were selected from over 80 Canadian travel cards, and evaluated based on value, flexibility, perks, costs and fees.
Whether a bargain hunter, bag-checker, loyalty flyer or bonus surfer, Canadian issuers are creating credit card offers that meet the needs of an increasingly wide range of travelling Canadians.
"Canadians are among the world's largest users of travel rewards. They love using rewards to help them meet their travel goals and credit cards are a big driver of that behaviour," said Marc Felgar, Founder of GreedyRates.ca. "However, finding the right travel credit card can often be an overwhelming experience."
With 25,000 point sign-up bonuses, annual fee waivers, free checked bags, complimentary lounge access, and no foreign exchange fees starting to become permanent fixtures to some credit card offers, Canadian travel cards are richer than ever.
"Consumers are in a great position to try new travel cards that earn them more points, provide more benefits and better flexibility than the card they have in their wallet today," said Felgar.
In fact, GreedyRates.ca users have shown additional rewards earnings as high as $709 per year when using an optimal travel credit card over the one in their wallet, as demonstrated by using GreedyRates.ca's credit card comparison tool.
Increasingly, issuers are also creating more flexible loyalty programs that provide cardholders with opportunities to book travel however, and whenever they want, taking advantage of the best airfare and travel deals available.
To measure the value of each credit card rewards program, we checked how many points were required to fly on 15 different flights for each credit card and compared it to the lowest cash cost of the flight available. We did a similar exercise for hotels.
Best Canadian Travel Credit Card Winners
Best Airline Travel Credit Card Winner:
Winner: TD® Aeroplan® Visa Infinite Card
Runner-Up: WestJet World Elite MasterCard
Best Flexible Travel Credit Card Winner:
Winner: The American Express® Gold Rewards Card
Runner-Up: ScotiaBank Gold American Express Card
Best Captive Travel Credit Card Winner:
Winner: BMO® World Elite™ MasterCard
Runner-Up: MBNA Rewards World Elite® MasterCard®
Best Hotel Travel Credit Card Winner:
Winner: Marriott Rewards® Visa® Credit Card
Runner-Up: Starwood Preferred Guest Card
Best No Annual Fee Travel Credit Card Winner:
Winner: The American Express Blue Sky® Credit Card
Runner-Up: BMO AirMiles MasterCard
To read the definition of each travel credit card category and the full review of each of the winning Canadian travel credit cards, please visit the rankings here.
"We're excited for this list because it's a great opportunity for Canadians to take advantage of the best products credit card companies are offering to compete for their credit card spend," said Felgar.
GreedyRates.ca is one of Canada's leading credit card comparison sites. In addition to providing credit card reviews and comparison tools, GreedyRates has also converted all of Canada's credit card rewards points into their dollar equivalent value. Canadians can now compare rewards credit cards apples to apples and see how much each card can earn them, and the dollar value of those earnings, based on their personalized results!