Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
When deciding which travel reward credit card you want, you’ll first have to figure out which type of travel credit card you need. There are two types of travel reward credit cards:
If you have a preference, you may find co-branded credit cards that exclusively provide points with a certain airline such as Westjet or AirCanada. If you prefer having your options open, a general travel credit card will provide flexibility and variety in choice.
Annual Fee | None |
APR | 19.99% – 26.99% |
Cash Advance Rate | 22.99% – 28.99% |
Welcome Bonus | – New customers will receive a $25 welcome bonus. – Earn up to 15% cashback¹ on first-time purchases at 10,000+ participating partners. |
The Neo Card allows users to earn cashback and exclusive offers when they shop. You can earn an average 5%1+ cashback at thousands of participating partners and earn up to 15%1 cashback on first-time purchases with Neo partners. Plus, there is no monthly or annual fee. This makes the Neo Card one of the best everyday credit cards on the market.
Looking to use your Neo Card for travel? Consider adding the Neo Travel perks.
Neo Travel perks cost $4.99 a month and have a value of over $360 a year. Users who travel regularly will benefit from the added perks.
Annual Fee | $599 |
APR | 19.99% |
Cash Advance Rate | 22.99% |
Welcome Bonus | 20,000 Aeroplan points |
The CIBC Aeroplan Visa Infinite Privilege Card is a credit card that lets you earn Aeroplan points. This card offers a great welcome bonus of 20,000 Aeroplan points when you make your first purchase and a one-time bonus Companion Pass/Buddy Pass when you spend $3,000 or more within the first 4 months of opening your account. You can continue earning 1.5 Aeroplan points per dollar spent on eligible purchases. This includes gas, groceries, dining, and travel purchases (2 points if you make travel purchases through Air Canada). All other purchases will earn you 1 Aeroplan point on every dollar spent.
You can use your Aeroplan points to book trips, buy merchandise, pay down your credit card balance, and make contributions to other financial products such as a savings account, RRSP, or mortgage.
Annual Fee | $99 |
APR | 19.99% |
Cash Advance Rate | 22.99% |
Welcome Bonus | 30,000 Miles |
MBNA Alaska Airline World Elite Mastercard is catered to Canadians living in Alberta and British Columbia as you can only board the Alaska Airlines from a few select cities in those provinces. They are currently offering a welcome bonus of 30,000 miles which you can earn by spending $1,000 within the first 3 months of opening an account. This bonus is easily equivalent to a one-way flight anywhere in Canada, the US, and as far as parts of Asia. You can continue to accumulate 3 miles per dollar spent when you use Alaska Airlines to book trips. All other purchases will earn you 1 Mile per dollar spent.
Annual Fee | $165 |
APR | 20.50% |
Cash Advance Rate | 22.99% |
Welcome Bonus | 50,000 Avios |
RBC has partnered up with British Airways to create the RBC British Airways Visa Infinite credit card. When you’re approved for the RBC British Airways Visa Infinite card you’ll be rewarded with 15,000 Avios points. From there you have the opportunity to earn another 25,000 Avios if you spend $5,000 within the first 3 months of signing up. Another 10,000 Avios can be earned when you renew your card after a year. In general, all purchases will earn you 1 Avios per dollar spent on eligible items, however, you can double those points when you make any British Airways purchases.
You can use your Avios points for all travel-related expenses. However, the downside with this card is that you can only use your Avios points on British Airways and their airline partners in Oneworld Alliance.
Annual Fee | $139 |
APR | 19.99% |
Cash Advance Rate | 22.99% |
Welcome Bonus | 30,000 Scotia Reward points |
The Scotia Passport Visa offers flexible rewards and a great welcome bonus that has a value of up to $300. You can earn 2 Scotia Reward points per dollar on eligible grocery stores, gas stations, restaurants, transportation, and entertainment purchases. All other eligible purchases will earn you 1 point on every dollar spent. The 30,000 welcome bonus is earned by spending $1,000 on your account within 3 months of signing up.
You can redeem your Scotia Reward points to purchase merchandise, prepaid cards, gift cards, or to pay down your credit card. You can also convert your scotia reward points to SCENE points which you can redeem for movies. Lastly, you can use your points for all your travel expenses no matter who the provider is.
Annual Fee | $119 |
APR | 19.99% |
Cash Advance Rate | 22.99% |
Welcome Bonus | 350 Westjet Dollars |
RBC WestJet World Elite Mastercard is a co-branded credit card that offers great perks and value for Westjet travellers. The RBC WestJet World Elite Mastercard offers one of the easiest and fastest ways to earn the welcome bonus of 350 Westjet dollars which is equal to $350 Canadian dollars. You can earn 250 Westjet dollars when you are approved for the RBC WestJet World Elite Mastercard and another 100 Westjet dollars when you make your first purchase. You can continue earning 1.5% WestJet dollars on every dollar spent on all eligible purchases. Extra WestJet dollars (2%) can be earned when you book trips using WestJet. You can redeem your Westjet dollars for any ticket, trips or vacation packages through WestJet.
The featured cards all provide great welcome bonuses and perks when you open an account. However, based on your income, spending habits, and needs, some will provide you with more benefits than others. For example, if you value flexibility and variety the Scotia Passport Visa Infinite will be more preferable to the RBC WestJet World Elite Mastercard as you can use it to not only make travel-related purchases but you can use to pay down your credit card, purchase merchandise or convert it to SCENE points. As such, you should always evaluate and compare your options to choose a credit card that best matches your needs.
Card issued by ATB Financial pursuant to license by Mastercard International Inc.
1Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner.
Rating of 5/5 based on 2 votes.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
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