Here
we look at the factors taken into account and some of the reasons why
some rankings changed from last year
Factors
We look at various factors including cost of ownership, rate of return,
the associated loyalty program (co-brand), ease of redemption, card
acceptance, partnerships, issuing bank and benefits. Coupled with nearly 14 years of research, answers to hundreds of email questions from readers
plus the charts and articles that we have written provides us the insight
into the pros and cons of each card.
New Cards added to the Rewards Canada rankings
BMO Rewards Mastercard
BMO SPC AIR MILES Mastercard
Desjardins Visa Prestige Platinum Visa
HSBC Premier World Mastercard
National Bank Of Canada World Elite Mastercard
Reasons for the ranking changes from 2014
Travel Points Credit Cards (with Annual Fee)
The BMO World Elite Mastercard is the new king in this category with its guaranteed 2% return, strong insurance and benefits package plus 4 free lounge access passes along with the annual fee covered in the Priority Pass business class lounge program. All around it is a great travel card!
Travel Points Credit Card (with
no annual fee)
There were no changes in this category from 2014!
Hybrid Travel Rewards Credit Card (with annual fee)
No changes in this category from 2014 as well even though we added the HSBC Premier World Mastercard to the rankings. While an extremely strong card the HSBC Premier World Mastercard is exclusive to a small selection of HSBC customers which will make it difficult for most Canadians to get. We would estimate that more Canadians hold the not-available at the moment Diners Club Club Rewards Mastercard hence that card remaining in the top 5.
Airline Credit Card
After major changes last year with the introduction of the TD suite of Aeroplan cards this category was relatively quiet with no new entrants or changes to cards. The only change is the 5th place position, we move the mbna Alaska Airlines World Elite® Mastercard®into 5th as we further experienced and researched the benefits of the Alaska Airlines Mileage Plan program and how it can benefit Canadians even in those cities that don't get served by Alaska Airlines but with their partners like Delta Airlines, Air France KLM, Emirates and more.
Hotel Credit Card
This category saw some slight changes as the mbna Choice Privileges Mastercard was discontinued so its fourth place position goes to the other mbna hotel card, the mbna Best Western Mastercard. Fifth place in the mean time gets filled by the last remaining hotel card that wasn't in last year's rankings, the IHG® Rewards ClubPlatinum Mastercard® from Capital One®
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