GreedyRates.ca

GreedyRates.ca

February 17, 2016 08:08 ET

GreedyRates.ca Announces Winners of the Best Canadian Travel Credit Cards in Canada for 2016

MONTREAL, QUEBEC--(Marketwired - Feb. 17, 2016) - GreedyRates.ca today released its Best Travel Credit Card Rankings in Canada for 2016. Winners were selected from over 50 Canadian travel credit cards, and evaluated based on value, perks, costs, fees, flexibility and ease of redemption.

Whether a snow birder, frequent flyer, bonus surfer or bargain hunter, Canadian credit card issuers are creating offers that meet the needs of an increasingly wide range of travelling Canadians.

"We're excited for this year's rankings because it's a great opportunity for Canadians to take advantage of the best products Canadian credit card companies are offering to compete for their wallets," said Marc Felgar, Founder of GreedyRates.ca.

"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."

"Each credit card will offer different consumers different levels of value, depending on how much they spend, where they spend, which benefits they use and how they like to redeem their rewards. The good news is, there are more credit cards designed for different preferences than ever before."

"Consumers are in a great position to try new travel cards that offer them more points, benefits, flexibility and satisfaction than the card they have in their wallet today."

"With many of the Best Travel Credit Card winners having no annual fee in the first year, there's virtually no cost or risk to try a new card. In fact, with some cards offering historically high welcome bonuses, consumers have everything to gain and nothing to lose," concluded Felgar.

To measure the value of each credit card rewards program, GreedyRates.ca 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.

Best Travel Credit Card Rankings for Canada 2016

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: RBC Visa Infinite Avion

Best "Book Anything, Anytime, Anywhere" Travel Credit Card Winner:

Winner: MBNA Rewards World Elite®

Runner-Up: Capital One Aspire Travel World Elite MasterCard®

Best No Foreign Transaction Fee Credit Card Winner:

Winner: Rogers Platinum MasterCard®

Runner-Up: The Marriott Rewards® Premier Visa® Credit Card From Chase

Best Insurance Travel Credit Card Winner:

Winner: Desjardins Visa Odyssey Gold

Runner-Up: National Bank World Elite 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 Best Travel Credit Card Rankings 2016.

About GreedyRates:

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!

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