Which Credit Cards Have Annual Credits?


Generally, the most profitable credit cards have high annual fees. If the value is there, it’s worth shelling out for premium cards.  But given the choice, we’d always prefer to reduce those costs whenever possible.

American Express Platinum Card: $200 Travel Credit

The big kahuna of the Canadian credit card scene, the American Express Platinum Card, has some of the best benefits in the business.

Members get 3 points per dollar spent on dining, a complimentary Priority Pass membership with unlimited visits to airport lounges for you and one guest, automatic hotel status including Marriott Bonvoy Gold Elite and Hilton Honors Gold.

American Express Gold Rewards Card: $100 Annual Travel Credit

With an annual fee of $250, the Gold Rewards Card is a bit more bearable to anyone who might balk at the $499 net annual fee on the Platinum Card.

Throw in a $100 annual travel credit and some other perks, and $150 is well within most people’s realm of comfort. The annual travel credit can be used in essentially the same way as the Platinum’s.

Big 5 Banks: Travel & Lifestyle Credits

Let’s take a look at the travel credits, or lack thereof, offered by Canada’s Big 5.

In a similar vein to the Amex Platinum Card, the CIBC Aventura Visa Infinite Privilege also has a $200 annual travel credit, bringing the card’s annual fee down from $499 to a net cost of $299.


Bank of Montreal

Likewise, BMO has annual credits on their BMO eclipse Visa Infinite and BMO eclipse Visa Infinite Privilege products. Instead of a travel credit, they’re calling these a “lifestyle credit”. 

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