Rewards Canada: Top Bonus Offers
Rewards Canada: Tips and Tricks
Rewards Canada: Blog Features
LinkedInFacebookTwitterPinterestGoogle+YouTubeInstagramBloggerRSS Feed
The Ultimate No Strings Attached Travel Credit Card Portfolio
Last Updated: November 21, 2017

 

Share this feature:

-


In this feature of Rewards Canada's Ultimate Credit Card Portfolios we look at the ultimate one for earning flexible travel points that have no stings attached. That means points that you can earn and then use on any travel, at anytime, that you can book through any provider and even use the points after you purchase the travel. This is the ultimate wallet that most Canadians should have who travel only once or twice per year and don't want to be held back by traditional loyalty programs. We have always recommended that you should carry a Visa, a Mastercard and an American Express card in your wallet. The reason why is that there are benefits, promotions and earning potential unique to each brand of credit card. We won't go into detail here as you can read all about it in our feature on how to Maximize your Miles and Points but here we outline one card from each brand that will help you build up those most flexible travel points faster than ever. Ultimately there are various options that could be utilized for such a portfolio but we look at one card from each issuing family that won't totally break the bank on annual fees but will provide strong travel point earning along with very strong insurance benefits.

What is Rewards Canada's Ultimate No Strings Attached Travel Credit Card Wallet? It is the following three cards

Mastercard - mbna rewards World Elite Mastercard

American Express - American Express Cobalt Card

Visa - TD First Class Travel Visa Infinite Card

The mbna rewards World Elite Mastercard is an obvious choice as it is ranked as one of the better Travel Points cards with an annual fee in Canada by Rewards Canada and it earns a straight 2 points per dollar on all spending (a straight 2% return when you redeem for travel). The American Express Cobalt Card is a super strong card and should be part of this wallet for two reasons, to fulfill the Amex position but more so due to its 5 points per dollar earning at certain merchant categories. The TD First Class Travel Visa Infinite Card rounds out this wallet as it also ranks in our Top 5 Travel Points cards but is really the weakest of the three in the portfolio but as one of the only Visa cards in Canada to provide the no strings attached flexibility of truly being able to book travel how you want with whom you want and redeem points for that charge is why the card rounds out this portfolio. If you don't have any of these cards just signing up for them and meeting any spend requirements will net you $800 worth of travel!!

Related: Canada's Top Travel Rewards Credit Cards for 2017


How to maximize your Travel Points earning with these cards

Let's look at category bonuses first. The main card here is the American Express Cobalt Card card as it earns 5 points per dollar (a 5% return) on Grocery, Dining and Food Delivery purchases. So you'll want to funnel any of that type spending onto this card until you reach that maximum or if a place does not accept American Express then you'll put all your purchases onto the next card. It also earns 2 points per dollar on travel, transit and gas (a 2% return) The rest of your spending outside of those categories as well as any places that do not accept American Express like Costco should go straight onto your mbna rewards World Elite Mastercard and earn 2 miles per dollar for those eligible purchases. The combination of these two cards ensures that you will earn no less than 2% back on all this spending. The third card in the wallet, the TD First Class Travel Visa Infinite Card should only be pulled out for purchases made on Expedia (well ExpediaForTD) as those purchases earn 9 points per dollar (or up to a 4.5% return) and also for retailers that only accept Visa or for those promotions that require you to use a Visa card to take advantage of them.

Now we go on to the fun part. Redeeming! All three of these cards provide the utmost in redemption flexibility. You essentially book your travel with whomever you want and when the charge shows up on your account you redeem points against the charge. All three allow partial redemptions, so you don't need the full amount of points but rather if you paid $1,000 for your hotel and have $500 worth of points, you can redeem those points for what amounts to a $500 discount on your hotel stay. Now, chances are you'll have points spread out across at least two of the cards here, the American Express Cobalt Card and the mbna rewards World Elite Mastercard. So when it comes to booking travel, put your flights onto one card and your hotel or other travel expenses like a car rental on the other so that you can redeem points from both cards towards the eligible charges. That is the beauty of these cards, you are not stuck to one airline or one hotel, you are not at the whim of a loyalty program that may route you through multiple cities to get to your destination nor have any rooms left to redeem hotel points for. Not to mention, these points are good for any travel, all inclusives, ferry rides and even whale watch excursions (read more about that here). Even if booked while on vacation, all three cards give you anywhere from three months to twelve months after the charge posts to your account to redeem points for it. That means you can travel without even having the points and collect afterwards to eventually redeem for it.

Related: Not all Travel Points and Hybrid Credit Cards are created equal

The Ultimate No Strings Attached Travel Credit Card Portfolio:

Card Card Features


mbna rewards World Elite Mastercard

mbna rewards World Elite Mastercard
Get all the features of the MBNA Rewards card with more earning potential
• Earn 2 MBNA Rewards point for every $1 in eligible purchases‡
• Get 10,000 bonus points after your first eligible purchase††
• No limit to the points that can be earned in a year, points don’t expire
• Redeem points for cash back, travel, brand-name merchandise, gift cards from top retailers and charitable donations
• Enjoy price protection** and concierge services**
• $89 annual fee
• Take advantage of a credit card that rewards you for who you are. Apply below for the MBNA Rewards World Elite® Mastercard® credit card

Apply Now


American Express Cobalt Card

American Express Cobalt Card
• In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year.
• Limited Time Offer: Apply by 01/30/18 and you can earn a Welcome Bonus of 10,000 Membership Rewards® points when you spend a total of $3,000 in net purchases in your first 3 months
• Earn 5 points for every $1 spent on Card purchases at eligible restaurants, bars, grocery stores and food delivery in Canada
• Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B
• Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases
• Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies. Plus, more great perks.
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link.
• Conditions Apply

Apply Now


TD Infinite First Class Visa
TD First Class Travel Visa Infinite

TD First Class Travel Visa Infinite
• Receive a Welcome Bonus of 20,000 TD Points after your first Purchase
• up to a 1.5% return on all purchases plus a 4.5% return on travel booked via Expedia for TD Rewards that can be used towards any travel that via any booking method
• An excellent suite of insurance and benefits including out of province medical coverage

Apply Now

Related: mbna Rewards World Elite Mastercard Review / American Express Cobalt Card Review

Other Card Options:

There are quite a few other options to change up this portfolio a little bit. The first option is on the Mastercard side, you can choose to go with the BMO Rewards World Elite Mastercard as it is also 2% back just like mban card but has much higher costs and is more restrictive when it comes to redeeming. On the Visa side, if you don't want to shell out the full annual fee on the TD First Class Travel Visa Infinite card you could choose their lower the TD Platinum or Classic Travel Visas which earn less than the Infinite but ultimately in this wallet the Visa card is the least used card so you may not be losing out at all since you'll be paying a lower annual fee. Finally you could choose to go with the Scotiabank Gold American Express Card card instead of the Cobalt card. The reasons why is maybe you spend a lot on entertainment (movies etc.) so that's where the Scotiabank Amex earns more than the Cobalt card.

Related: Why proprietary credit card reward programs are the best option for most Canadians

Talk to us!

What do you find works best for you for earning the most no strings attached travel points? Do you use these three cards exactly as laid out above or do you use a different combination? Tell us in the comments section below or join the conversation on Facebook and Twitter!

Rewards Canada can be found on the following social media channels:

LinkedIn Facebook Twitter Pinterest Google+ YouTube Instagram Blogger RSS Feed

“The interest rates, fees, rewards details, benefits and other details of the Capital One product(s) described in the article may have changed since the time of publication. Please consult the product information pages on the Capital One website for accurate product details. In the event of any conflict between the product details in this article and the Capital One website, the details on the Capital One website shall prevail.”

LinkedInFacebookTwitterPinterestGoogle+YouTubeInstagramBloggerRSS Feed
About Us  Media  Consulting  Advertise  Contact Us  Book Travel
Terms of Use / Privacy Policy ©2001 - 2017 Rewards Canada. Part of the FFB Group Inc. All rights reserved.