Your guide to choosing a credit card rewards program

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The views and opinions expressed in this article represent the views and opinions of the personal finance review website milesopedia.com which sponsored this article. Milesopedia.com may be compensated by companies for promoting, reviewing or recommending their products or services. Services are ranked by popularity and features as determined by milesopedia.com

**This announcement does not target residents of Quebec

With so many credit cards on the market, it can be difficult for some to choose. Do you opt for the one offered by your bank? What’s better for your life – cashback rewards? Kilometers traveled? Lower annual fees? With so many choices, it’s important to have a knowledgeable resource to point you in the right direction.

This is where Milesopedia comes in. Milesopedia is a bilingual reference media that is a trusted authority on travel and credit card programs. Originally founded in 2015, the site has grown to encompass a team of 11 experts and 15 authors and contributors.

The site offers a series of tools that can help you navigate the variety of options available to you, including a credit card comparison tool, a weekly newsletter and one of the largest Facebook communities. companies in Canada on loyalty programs and credit cards.

Milesopedia also offers readers an analysis of the best credit card offers of the month.

For this month, Milesopedia has determined the five best credit card offers for the travel and cashback categories.

For cashback rewards, Milesopedia lists the top five as follows:

  1. BMO CashBack® World Elite®* Mastercard®* – offering up to 10% cash back in the first three months, with $120 annual fee waived in the first year;
  2. CIBC Dividend Visa Infinite* Card – offering annual fee rebate in the first year for you and up to three authorized users, plus 10% cash back for the first four statements on net purchases up to 2 $500;
  3. Scotia Momentum® VISA Infinite* card – this card has a special offer that allows you to earn 10% cash back on all purchases for the first three months (up to $2,000 in total purchases).
  4. American Express Cobalt® Card – you can earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card.
  5. TD Cash Back Visa Infinite* Card – online applicants before May 28, 2023 can earn 10% cash back on all purchases for the first three months up to a total of $2,000 .

In the travel category, Milesopedia lists the top five cards as follows:

  1. TD® Aeroplan® Visa Infinite* Card – get up to $1,400 in value, including up to 50,000 Aeroplan points.
  2. CIBC Aventura Visa Infinite* Card – as part of its welcome offer, you can get a value of over $1,250, including a first-year annual fee discount. This includes a total of up to 40,000 Aventura Points.
  3. Scotiabank Passport Visa Infinite* Card – get up to 35,000 bonus Scene points in the first year and you can earn two Scene points for every dollar spent on eligible groceries, restaurants, entertainment and transit.
  4. HSBC World Elite® Mastercard® – earn up to 110,000 points ($550 travel value) PLUS receive a $100 annual travel enhancement credit.
  5. RBC Avion Visa Infinite Card – Earn up to 55,000 Avion Rewards points, including 35,000 points upon approval (no minimum spend) and an additional 20,000 points when you spend $5,000 in the first six months.

Each of these offers have terms, conditions, durations and eligibility considerations that apply to each of their offers, so to get all the details – and to learn more not just about credit card options available to you, as well as tips, tricks and advice for getting the most out of your rewards programs – please visit milesopedia.com.

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