does td emerald visa have travel insurance

Does TD Emerald VISA Have Travel Insurance?

Even in the face of adversity, you should feel prepared. If you have a debt on your card or need to finance larger or unexpected purchases, the TD Emerald Flex Rate Visa* Card is a good choice. We’re eager to assist you in making progress.

• Take advantage of the same low interest rates on all of your purchases and cash advances.
• Travel Medical Insurance3 and Trip Cancellation and Trip Interruption Insurance4 are available for purchase.
• Using Apple Pay or Samsung Pay, you can get all of the benefits of your TD Emerald Flex Rate Visa* Card. It’s a simple and safe method to pay5.

Does TD Green Visa have travel insurance?

Common Carrier Travel Accident Insurance 2 provides coverage of up to $200,000 for covered losses while traveling on a common carrier (for example, a bus, ferry, plane, or train).

Does my TD cash back credit card have travel insurance?

Travel Medical Insurance – The last thing you want to be concerned about when you’re on the road is your emergency medical coverage. If you have a TD Cash Back Visa* Card, you can get TD Travel Medical Insurance7.

Does TD Visa Infinite cover trip cancellation?

For the first 21 days, you can get up to $1 million in coverage. You and your spouse are covered for the first four days of your trip if you are 65 or older. There is also the option of purchasing additional top-up coverage.

Up to $1,500 per insured person for trip cancellation, with a maximum of $5,000 for all insured individuals on the same covered trip, and up to $5,000 per insured person for trip interruption, with a maximum of $25,000 for all insured persons on the same covered trip.

Coverage of up to $500,000 for covered losses while traveling on a common carrier (for example, a bus, ferry, plane, train, or auto rental)

Help is only a phone call away. In the event of a personal emergency while traveling, you can call toll-free for assistance.

Does TD Bank Credit Card cover car rental insurance?

The TD Cash Visa Credit Card will be most useful to those who eat out regularly. Whether you’re spending at your favorite Italian restaurant down the block or stopping for a quick coffee at Starbucks, the TD Cash Visa Credit Card will pay you 3% back on your expenditures. Even if you just eat out once in a while, this card offers 2% cash back on grocery store purchases and 1% cash back on all other expenditures.

Prospective cardholders who plan to travel frequently may realize that having a TD Cash Visa Credit Card has several advantages. This card also includes roadside assistance, travel and emergency help, and an auto rental collision damage waiver, as well as no international transaction fees.

For individuals wishing to transfer debt from another card to this one, TD offers a 0% introductory APR for 15 payment cycles.

Does my Visa card include travel insurance?

Yes, the travel insurance offered by Visa credit cards is rather decent. It covers all Visa credit card holders for rental car damage or theft. Some credit cards also cover travel-related accidents, trip cancellation, and lost luggage. Furthermore, Visa credit card travel insurance is always free. To be qualified for any coverage offered by your Visa card, you simply must pay for your vacation with it. However, the amount of coverage you receive, the claims procedures you must follow, and other details are determined by the bank or credit union that issues the card. It also matters if you have a Visa Platinum, Visa Signature, or Visa Infinite card (least coverage to most coverage).

• Trip accident: If you or your dependents die or are permanently disfigured as a result of a travel provider’s negligence, this coverage will reimburse you or your family. The amount of money you can get varies, but with some cards, you may get up to $500,000. However, this feature will not be available on all cards.
• Vacation cancellation/interruption/delay: If your trip is cut short or rescheduled due to circumstances beyond your control (such as death, accident, extreme weather, military orders, and so on), you may be paid for the inconvenience. The coverage may be up to $2,000 per trip, but it is not available on all credit cards.
• It’s difficult to enjoy yourself on a trip if you don’t have any of your possessions with you. Visa may compensate you for the value of your luggage if it is lost or stolen. You could get up to $3,000 per person each trip, but the card you use will determine whether or not you are covered.
• Rental car: Every Visa card, regardless of who issued it, should have this feature. You may be compensated if you rent a car using your Visa card and it is damaged or stolen. However, certain cars (such as luxury cars, RVs, motorcycles, and others) and situations are not eligible (like drunk driving). You may be eligible for up to the full rental vehicle value.

Does TD Visa Infinite travel insurance cover Covid?

Are COVID-19-related claims still covered if I’m already at my destination and a “Avoid all non-essential travel” or “Avoid all travel” warning is issued? Yes, you are eligible for TD Travel Medical Insurance coverage in this situation.

What is trip interruption reimbursement?

If your journey has already begun and you are forced to return home early due to an unexpected event, trip interruption insurance will reimburse you for the unused portion of your trip. When scheduling pricey holidays, this post-departure perk comes in handy.

Does my TD Visa cover rental car insurance?

You may be covered for some travel-related expenses (such as car rentals) and in certain scenarios, depending on the travel perks included with your TD credit card (i.e. medical emergencies).

The amount of time it takes depends on your age, the length of your vacation, and the sort of credit card you use.

In the event of a claim, you should contact our claims administrator to begin the process. It is beneficial to have all of your receipts on hand during this process.

Does TD Aeroplan have travel insurance?

Your baggage is also covered if it is lost by a Common Carrier. To cover the whole cost of the tickets, use your Card and/or Aeroplan miles, and each insured passenger is covered up to a total of $1,000 per trip.

Can I get travel insurance that covers Covid?

COVID-19 is currently covered by a limited number of travel insurers. If you test positive for COVID-19, it will most likely only cover medical, quarantine, and cancellation charges. However, if you are unable to travel due to lockdowns at home or at your intended destination, travel insurance is unlikely to cover cancellation.

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Earn 10% cash back on all purchases for the first 3 months ( up to $2,000 in total purchases ). Plus, no annual fee in the first year , including on supplementary cards. A welcome offer value of $350 .

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After getting the run around, put on hold forever on the two previous phone calls to Visa dealing with a fraudulent purchase on my card, I FINALLY had a very friendly, patient and knowledgeable agent to take my call.

This is a well deserved shout out to the Visa corporate executives —- Hire more people like that!!!!

Ps. She speaks perfect English 😊

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Power of attorney nightmare..

I did everything they asked. Signed up at the bank as Power of Attorney, got an access card for my dad's accounts. They let me cancel the card and they waived the 25 dollar fee on a card that had zero balance and hadn't been used for years. I thought it was over. But my mom is still being billed 31 cents interest on the waived fee. When I called again they said that my access card they made me get was insufficient, but begrudgingly allowed me to speak to them about the card I'd already cancelled. They said there was no 31 cent charge even though it's on the bill from a few days ago. Mom is going to receive another bill saying she owes 0. I'll believe it when I see it.

They STINK!

Crappy customer service, have to wait on hold for over 25 minutes. I guess the bank doesn’t make enough money to hire people to answer the telephones in a timely manner. I had heard that TD Visa was the worst out there for customer service, and they are!

Scotia Momentum Visa Infinite Card

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350. 

Get this card / Apply online

Just a generic credit card with no special features. I use it for daily purchases and pay off regularly to maintain a good credit rating. The interest rates could be better but improving my credit rating first will help my case. Have always been able to sort out issues like once my card was hacked online

Not happy as the company changed the type of credit card on me without speaking to me plus they have raised my limit without talking to me as well.

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Fraud has been dealt with very quickly and easily in the past. My card has very few features and no rewards but it suits my needs for now.

Scotia Momentum VISA Infinite Card

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350. What else will you get:

• 4% on eligible recurring bill payments and grocery store purchases
• 2% on eligible gas station and daily transit purchases
• 1% cash back on all other eligible everyday purchases
• Complimentary Concierge Services 24/7 Visa Infinite Dining Series Visa Infinite Music Series Wine Country Wonders Luxury Hotel Privileges
• Comprehensive Travel Insurance & New Mobile Device Insurance coverage

I got it because it had the lowest interest rate around

I have had no negative experiences with the insurance on this card. Or any cash back as I do not have either option.

I really enjoy the lower interest rate on the card in lieu of actual rewards. Wish there was no annual fee though.

Scotiabank® Gold American Express® Card

Earn up to 40,000 bonus Scotia Rewards points in your first year (that's up to $400 towards travel). Earn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment 

we started off with a higher interest rate but a few years ago after discussing with our bank

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What is Trip Cancellation and Interruption Insurance and How Does it Work?

The Trip Cancellation and Interruption plan provides coverage for eligible travel expenses in case your trip is interrupted or cancelled. It can be purchased separately or as part of a medical travel insurance plan. Let's dive into understanding the difference between trip cancellation and trip interruption.

What is the difference between trip cancellation and trip interruption insurance?

Sometimes, trip cancellation and trip interruption are used interchangeably but they do cover different aspects of your travel.

A trip cancellation plan provides coverage if your trip is cancelled for a covered reason before you depart for your trip. The benefits could include reimbursing you for the cost of non-refundable travel expenses, like trip deposits and flight change fees, if your trip is cancelled because of a covered cause. 

On the other hand, a trip interruption plan provides coverage after you depart on your trip. The benefits could include paying for your trip home or to your next destination if your trip is interrupted because of a covered cause.

It is good to keep in mind that trip cancellation and interruption plan may not provide coverage for medical expenses you incur on your trip. So, you may want to purchase a travel medical plan if you are looking for travel medical coverage.

The benefits provided under these types of plans vary by insurer. Therefore, it is a good idea to review the plan details before you purchase.

Highlights:

• How does a trip cancellation and interruption insurance plan help?

Why should I purchase a Trip Cancellation and Interruption insurance plan?

What is not covered by trip cancellation and interruption insurance.

• Do I need to get travel medical insurance separately?

Who is eligible for buying trip cancellation and interruption insurance?

• How much does trip cancellation and interruption cost?

Is trip cancellation and interruption insurance worth buying?

Applying for trip cancellation and interruption plan with td insurance, how does a trip cancellation and interruption plan help.

If you've faced any of the covered causes as mentioned in your policy, it would be advisable to report the incident as soon as possible to the insurer. Some policies may require you to report the cancellation or interruption within a specified time, therefore, it is best to review the policy documents to understand the reporting requirements. 

The requirements for a claim are generally to submit the completed claims form along with any required documents and information. If you meet the conditions for a successful claim based on your coverage, you may be refunded or compensated for some of the financial losses you faced. The benefits, limitations and exclusions under a trip cancellation and interruption plan vary by policy and insurer. The best practice is to review the policy

This type of plan can reimburse you if your trip is cancelled or interrupted for a covered reason. Some examples of covered reasons could be:

• Sickness, injury, death, or quarantine of a member of your travel party.
• A delay that causes you to miss or interrupt any part of your covered trip due to weather, mechanical reasons, or travel advisory.
• Loss or damage to your baggage and personal effects due to theft, burglary, fire, or transportation hazards.
• Death or emergency hospitalization of your host at the destination.
• Involuntary loss of permanent employment.

Every insurer has their own list of exclusions and limitations. Also, you should be aware that any benefit paid will be for eligible expenses and only up to the defined limit as per your policy. Here are some of the exclusions you could come across:

• Pre-existing medical conditions
• Self-inflicted injuries
• Getting involved in criminal activities
• Labour disruptions or strikes
• Giving birth to a child during your trip

While these are just a few of the exclusions you may find, it's best to check your insurance policy for a detailed list. Also, you can check with your travel insurance provider if you have questions. 

Do I need to purchase travel medical insurance separately?

As we've discussed above, the trip cancellation and interruption plan doesn't include any benefits for travel medical expenses. A separate travel medical insurance plan can be purchased that could help cover costs for hospitalization or doctor's fees, ambulance services, diagnostic services, prescription drugs or even medical appliances. Several insurers provide a comprehensive bundle such as TD Insurance Multi-Trip All Inclusive Travel Insurance Plan 1 that includes medical and trip cancellation and trip interruption benefits in one plan. 

No matter which insurer you choose, it's always a good idea to check your eligibility before you apply for the plan. Here are some eligibility requirements you may have to meet if you are applying trip cancellation and interruption insurance with TD Insurance:

• You are a Canadian resident
• You are covered by the government health insurance plan of your province or territory of residence during your trip and at the time a claim is incurred.
• Minimum age requirement of 15 days old.
• There are certain medical conditions that could make you ineligible for coverage under a selected plan.

Please read the policy or contact us for more details on eligibility.

How much does trip cancellation and interruption insurance cost?

There are several factors on which the cost of a trip cancellation and trip interruption plan may depend on. A few things that may determine the cost of such a policy are:

• The total cost of your trip. This may include the cost of non-refundable purchases like flights, cruises and hotels or any other prepaid travel arrangement.
• The amount of coverage you wish to purchase
• The number of travelers who will require insurance coverage
• Your age and the condition of your health
• The duration of the trip

Whether you should purchase trip cancellation and interruption insurance depends on your personal circumstances. To determine whether you should purchase this type of insurance, you can consider the following:

• You are travelling internationally or out of your province
• You have multiple layovers as the more connecting flights you have, higher are the chances of facing a cancellation or interruption.
• You are looking to cover the cost to repair or replace your baggage and personal effects due to loss or damage by reason of theft
• You have little to no coverage through your employer provided travel plan or limited benefits with your travel credit card

You can apply for TD Insurance Trip Cancellation and Interruption Plan online 2 . We will let you know of your eligibility provide you with an estimate of how much the coverage might cost based on your response. If you're satisfied with the estimate, you could proceed to purchase.

While experience is a great teacher, it doesn't hurt to get a few tips along the way to help make an informed decision in case of trip cancellations and interruptions. 

FAQs Related to Trip Cancellation and Interruption

Does trip cancellation and interruption insurance only cover the cost of cancelled flights.

The trip cancellation and interruption plan can reimburse you for more than just the cost of flights or other travel arrangements like a cruise. Such plans could also cover the cost of meals, accommodations, taxi transportations if your trip is cancelled or interrupted for a covered reason.  

Different plans could have different benefits, it is important to read the policy carefully before purchasing.

Can I buy trip cancellation and interruption insurance after booking a trip?

Generally, you can purchase trip cancellation and trip interruption insurance after you book your trip. However, you cannot purchase the insurance after you depart for your trip . Please check with your insurer for exact details.

Is it better to purchase an all-inclusive travel insurance package which includes medical insurance, or a trip cancellation and interruption insurance plan?

Whether you get an all-inclusive travel insurance plan, or a Trip cancellation and Trip Interruption plan is up to you. If you do not have travel medical coverage, it could be a good idea to purchase an all-inclusive plan which includes medical and non-medical coverage.  

Is it sufficient if my credit card provides Trip Cancellation and Trip Interruption insurance?

The answer differs based on the type of traveler you are and the coverage that is associated with your credit card. If compared with a trip cancellation and trip interruption insurance policy provided by an insurance company, the one provided by a credit card may or may not fulfill your needs. While planning your next trip you should consider understanding the coverage on your credit card and if it is adequate to cover medical and/or non-medical situations. 

Is there any age restriction for applying for trip cancellation insurance?

There is a minimum age that varies with each insurer. Please check with your insurer for details.

Related articles

Domestic Travel Insurance Within Canada

Coverage & exclusions: what you may want to consider

Understanding Travel Insurance Terminology

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The content on this page is for general information purposes only and does not constitute legal, financial or insurance advice. Speak to a licensed insurance professional regarding your specific situation. The information contained herein, is subject to change without notice. 

• TD Insurance Multi-Trip All-Inclusive Plan is an individual plan underwritten by TD Life Insurance Company (medical covered causes) and TD Home and Auto Insurance Company (non-medical covered causes). Coverages and benefits are subject to eligibility conditions, limitations, and exclusions, including pre-existing medical condition exclusions. Please refer to the Sample Policy for full details.
• TD Insurance Trip Cancellation & Interruption Plan is an individual plan underwritten by TD Life Insurance Company (medical covered causes) and TD Home and Auto Insurance Company (non-medical covered causes). Coverages and benefits are subject to eligibility conditions, limitations, and exclusions, including pre-existing medical condition exclusions. Please refer to the Sample Policy for full details.

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TD Bank Credit Cards

Td offers a variety of credit cards that allow you to earn cash back and aeroplan points which can be used towards discounts on travel and merchandise..

In this guide

Types of TD Bank credit cards available

The benefits of banking with td bank, how to apply for a td bank credit card, frequently asked questions about td bank credit cards.

Please note: All information about TD Bank has been collected independently by Finder and products from TD Bank are not available through this site.

• Travel Rewards credit cards
• Aeroplan points credit cards

In addition to earning Aeroplan points with every dollar spent, you can earn more miles on eligible purchases which include gas and groceries. These cards typically come with a high annual fee, however they offer frequent travellers a suite of travel insurance, access to airport lounges and luxury travel experiences, plus thousands of welcome bonus points.

• Cash Back credit cards
• No Annual Fee credit cards

Whether you want to earn cash back dollars or points that you can use toward merchandise, you can reap the benefits you want from a no annual fee credit card. With a $0 annual fee, these cards typically come with complimentary insurance.

• Low Rate credit cards

If you tend to carry a balance from month to month, you may consider a low rate credit card. You can typically choose from cards that offer both low purchase and cash advance interest rates.

• Student credit cards
• Business credit cards

A variety of business credit cards are offered by TD Bank, alongside dedicated business solutions including advice from TD Bank advisors. These cards generally provide discounts, complimentary insurance, as well as protection and security.

• US dollar credit cards

Some of the features you can enjoy when you get a TD Bank credit card include:

TD Bank rewards

Td bank internet and mobile banking.

If you have a TD Bank credit card, you can access your account online through TD Bank Online Banking. You can also download the TD Bank mobile app and access your credit card accounts via your smartphone. This means you can manage your credit card account, pay bills, send money transfers domestically and overseas, request a credit limit increase on your card or apply for another TD Bank product at any time, either online or via the app.

TD Bank credit card complimentary extras

Many TD Bank credit cards come with complimentary extras including Purchase Security and Extended Warranty Protection. Premium cards, such as platinum credit cards, tend to come with additional complimentary extras which may include travel insurance, auto rental and collision insurance, concierge services, airport lounge access, luxury travel benefits and a suite of other extensive insurance coverage.

TD Bank credit cards security

Before you get started on your application, you should make sure that you meet the eligibility requirements for the specific credit card that you are interested in. Furthermore, have the necessary documents on hand so that you can correctly fill out the application form. Eligibility requirements can sometimes vary between credit cards but generally include the following:

Eligibility requirements

• Your age. You should be the age of majority in your province or territory.
• Your residency status. You typically need to be a Canadian resident to apply for a Canadian credit card.
• Your credit history. Check your credit score if you are unsure of your credit history before applying for a credit card. Most credit cards will require you to have good to excellent credit, while some may accept fair to poor credit, depending on the specific credit card.

Information you will need for your application

After checking that you are eligible for the credit card, you will need to gather the following information in order to proceed with the application process:

• Personal information. You’ll need to provide personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s license number or passport number.
• Financial information. You will need information about your current employment, income and assets like shares or property and your employer’s contact details. If you are self-employed, you may need to provide information regarding your expenses, liabilities and your accountant’s contact information.

Related: Compare Canada's big 5 banks

We’ve curated a list of some of the most commonly asked questions about TD Bank credit cards. If you can’t find the answer to your question below, or if you’d like to leave us some feedback, get in touch with us by filling out the form at the bottom of this page.

How do I activate my TD credit card?

You will be sent your new TD Bank credit card in the mail. Once it arrives, call the toll free number on the card to activate it. Once your card has been activated, you can immediately use it.

How do I access my TD Online Banking?

Navigate to the secure TD Bank Online Banking website or use the TD Bank mobile app.

How is interest calculated on my TD credit card?

Interest is calculated daily if you hold a balance on your credit card. You will be charged monthly for the total amount of interest.

How do I check my monthly statement?

You can receive your monthly statement in the mail or check it online via the TD Bank Online Banking app or website.

What easy pay options are available with TD credit cards?

All TD Bankv credit cards allow you to use Apple Pay and “Tap & Go” methods on contactless debit/credit machines. When available, you can use Visa Checkout online to speed up and simplify the checkout process.

How can I increase my credit card limit?

You can increase your credit card limit by contacting TD Bank directly. You can contact TD Bank either online, via the telephone or visit a branch in person. Alternatively, you can also decrease your credit card limit if you wish by contacting TD Bank.

My TD credit card is about to expire. How do I get a new one?

You will automatically be sent a new credit card in the mail.

How do I close my TD credit card account?

To close your TD Bank account, you can navigate to your online banking and close your credit card account. You will need to pay off your balance first. You can also call TD Bank or visit a branch in person to receive help with closing a specific account.

What other products do TD offer?

Emma Balmforth

Emma Balmforth is a producer at Finder. She is passionate about helping people make financial decisions that will benefit them now and in the future. She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. Emma has a degree in Business and Psychology from the University of Waterloo. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog. See full profile

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Earn Aeroplan points for business purchases and enjoy a suite of travel benefits with this premium travel card.

Are you looking for credit card rewards with no annual fee? See what the TD Bank Rewards Visa card has to offer.

Get reward points, travel insurance, airport lounge access and more with the TD Platinum Travel Visa Card.

Get cash back, travel insurance and more with the TD Bank Cash Back Visa Infinite Card.

Earn more Aeroplan points on every dollar with the TD Aeroplan Visa Infinite Privilege Card.

Earn Aeroplan points and other travel benefits with the TD Aeroplan Visa Platinum Card.

Looking for a no-fee card? Save money and get cash back on everyday purchases with the TD Bank Cash Back Visa* Card.

Avoid foreign currency conversion fees when you shop in the US with the TD Bank U.S. Dollar Visa Card.

Get points, travel insurance and more with the TD First Class Travel Visa Infinite card.

Get Aeroplan points, travel benefits and comprehensive insurance with this premium Aeroplan card.

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Review: TD® Aeroplan® Visa Infinite* Card

The TD® Aeroplan® Visa Infinite* Card is our pick for the best Aeroplan credit card for beginners and the best overall TD credit card .

This card offers a consistently high welcome bonus, meaningful Air Canada perks, strong insurance, and the ability to earn valuable Aeroplan points. The benefits that come with the card can easily justify the $139 annual fee.

That said, no credit card is perfect, and if you want a credit card with more perks or better earning rates, there are options that are stronger in these areas.

Let’s dive into the many reasons why the TD® Aeroplan® Visa Infinite* Card one of the best Aeroplan co-branded credit cards out there, and also where it doesn’t quite measure up.

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Strong welcome bonus, standard earning rates, flexible redemptions with aeroplan points, comprehensive insurance coverage, what else does the card offer, other cards to consider.

Over the past few years, the welcome bonus on the TD® Aeroplan® Visa Infinite* Card has fluctuated between 40,000 and 70,000 Aeroplan points.

You typically earn a portion of the welcome bonus immediately after making your first purchase, and then the next batch of points are earned after you meet a minimum spending requirement within the first 180 days (usually $6,000).

If you spend enough on your card within the first year, a final one-time anniversary bonus is awarded as part of most welcome bonuses these days, too.

The TD® Aeroplan® Visa Infinite* Card may also come with a one-time annual fee rebate, depending on the offer.

• Earn 10,000 Aeroplan points † upon first purchase †
• Plus, earn 20 ,000 Aeroplan points † upon spending $6,000 in the first 180 days of account opening †
• Plus, earn a one-time anniversary bonus of 20,000 Aeroplan points †  when you spend $10,000 within 12 months of account opening †
• Earn 1.5x Aeroplan points † on eligible gas, groceries, and Air Canada ® purchases, including Air Canada Vacations ® †
• Preferred Aeroplan pricing and free checked bags on Air Canada ® flights †
• Minimum income: $60,000 personal or $100,000 household
• Annual fee: $139
• Application must be approved by June 3, 2024 to receive this offer

We value Aeroplan points at 2.1 cents per point. Using this valuation, at the lower end of the range, we’d value a welcome bonus of 40,000 Aeroplan points at around $840 (all figures in CAD), while an offer at the higher end of the range of 70,000 Aeroplan points can be worth a staggering $1,470.

Of course, depending on how you choose to redeem your points, it could also be worth much more or less.

The best time to apply is when the welcome bonus is at or close to 70,000 Aeroplan points, or any time when there’s an annual fee rebate.

While it’s always a good practice to wait for the highest welcome bonus possible, even with a lower welcome bonus, there’s a lot of value in signing up for the TD® Aeroplan® Visa Infinite* Card.

Every time you use your TD® Aeroplan® Visa Infinite* Card, you’ll earn Aeroplan points.

The number of points you earn depends on where the purchase is made, as the card comes with the following earning rates:

• Earn 1.5 Aeroplan points per dollar spent on eligible gas, groceries, and purchases made directly with Air Canada and Air Canada Vacations†
• Earn 1 Aeroplan point per dollar spent on all other eligible purchases†

The elevated earning rates on gas and grocery purchases are on par with similar credit cards; however, there are other credit cards that offer better earning rates in these (and other) categories.

For example, a number of other credit cards offer elevated earning rates in categories such as dining, food delivery, recurring bill payments, and streaming services.

With the TD® Aeroplan® Visa Infinite* Card, when you spend money dining out or ordering in, you’ll only earn the baseline rate of 1 Aeroplan point per dollar spent.

Depending on how much you spend in certain categories, it may be worth considering putting some of your spending on a credit card other than the TD® Aeroplan® Visa Infinite* Card, and we’ll explore a couple potential options in the final section of this review.

Air Canada’s Aeroplan program is one of the best airline loyalty programs for anyone looking to travel at a fraction of the cost.

Not only can you redeem your Aeroplan points for Air Canada flights, but you can also redeem Aeroplan points for flights with 45+ partner airlines.

Aeroplan points are worth the most when you redeem them for long-haul business class and First Class flights. However, you can still get a lot of value when you redeem Aeroplan points for shorter flights, or even flights in economy.

For example, the welcome bonus that comes with the TD® Aeroplan® Visa Infinite* Card could potentially cover a one-way flight from Vancouver to Tokyo in business class, if you can find ANA business class awards for 55,000 points apiece.

Alternatively, if you want to explore a nearby city or book a positioning flight to a different airport, you could also use Aeroplan points to book short-haul flights. This can be a great option since one-way economy flights within North America that are under 500 miles cost as few as 6,000 points.

For example, a flight from Toronto to New York City is only 342 miles, meaning that you could book a round-trip economy flight between the cities for as few as 12,000 Aeroplan points.

If you’d like to learn more about Aeroplan’s incredible redemption opportunities, check out our guide to Aeroplan .

The TD® Aeroplan® Visa Infinite* Card’s insurance coverage is very strong, and it’s one of the reasons why this card has such a high rating in this review.

To start, ‌the emergency medical insurance of up to $2,000,000 is available on the first 21 days of a trip (or on the first four days of a trip for cardholders aged 65 and up).†

Credit cards with similar annual fees usually only offer emergency medical insurance on the first 15 days of travel.

The card’s additional travel insurance offerings, including trip cancellation/trip interruption insurance, delayed and lost baggage insurance, and flight delay insurance all provide similar or better coverage than other comparable credit cards.

What’s more, most credit cards, even ones with excellent travel insurance, won’t cover you on award bookings, but with your TD® Aeroplan® Visa Infinite* Card, you still enjoy insurance coverage on Aeroplan award bookings when you charge the full taxes and fees of the award ticket to your card.†

Lastly, when you use your card for larger expenses, you receive extra purchase and security insurance, and an extended warranty, including on mobile phone purchases.†

The TD® Aeroplan® Visa Infinite* Card comes with additional benefits that make this card worth keeping for the long-term, especially if you fly with Air Canada.

One notable benefit is that you and up to eight travel companions on the same booking can all check one bag at no cost on Air Canada flights.†

With Air Canada, the first checked bag normally costs around $35 for one-way flights within North America, and $75 for one-way flights to other international destinations. That means that this benefit alone could‌ save you hundreds of dollars, especially if you travel often or as a couple or a family.

Other Air Canada benefits that come with the TD® Aeroplan® Visa Infinite* Card include the following:

• Preferred pricing on Aeroplan redemptions on Air Canada flights†
• Earning Status Qualifying Miles (SQM) and Status Qualifying Segments (SQS) through spending to help earn or maintain Aeroplan Elite Status †
• No expiration for Aeroplan points as long as you remain a cardholder†

Rounding out the card’s benefits is the NEXUS rebate. Every four years, you’ll be eligible to receive a NEXUS application fee rebate of up to $100.†

There’s a lot to love about the TD® Aeroplan® Visa Infinite* Card, but there are also options to consider, depending on your travel goals.

For example, the TD® Aeroplan® Visa Infinite* Card doesn’t come with any airport lounge access.

If you’re looking for stronger airline benefits, including lounge access, then the TD® Aeroplan® Visa Infinite Privilege* Card is worth considering, too.

For a higher annual fee, the TD® Aeroplan® Visa Infinite Privilege* Card will earn you more Aeroplan points on your day-to-day expenses, and give you access to Air Canada Maple Leaf Lounges and airport lounges through the Visa Airport Companion Program .†

With this card, you’ll also enjoy priority boarding and check-in, plus even more Air Canada benefits.†

Alternatively, if you don’t care about travel benefits, and you’d rather earn the highest amount of Aeroplan points possible, the American Express Cobalt Card has the best earning rates in the country.

With the Amex Cobalt Card, you won’t earn Aeroplan points directly, but the Amex Membership Rewards points you earn can be transferred to Aeroplan points at a 1:1 ratio.

Notably, the American Express Cobalt Card earns 5 Membership Rewards points per dollar spent in select categories, including dining and groceries.

The TD® Aeroplan® Visa Infinite* Card is a great credit card for Air Canada benefits and earning Aeroplan points, and it’s our pick for the best overall TD credit card product.

For a reasonable annual fee, you get a generous welcome bonus,  as well as strong ongoing credit card travel and insurance benefits.

There are other cards worth considering if you don’t mind paying more for better benefits, or if you’re willing to sacrifice Air Canada perks for better earning rates.

That being said, the TD® Aeroplan® Visa Infinite* Card is one of the best Aeroplan credit cards available to Canadians, and one that we recommend as an essential credit card for all Canadian travellers .

† Terms and conditions apply. Please refer to the TD website for the most up-to-date product information.

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Business Platinum Card from American Express

120,000 MR points

American Express Aeroplan Reserve Card

85,000 Aeroplan points

American Express Platinum Card

100,000 MR points

TD® Aeroplan® Visa Infinite Privilege* Card

Up to 85,000 Aeroplan points†

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The best credit cards with auto rental insurance

Charlotte Sinclair

Despite the peace of mind, paying for additional car rental insurance is almost always unnecessary. If you own a car and have insurance, your policy will usually cover you for car rentals. Even if you don’t own a car, there are many cash back credit cards and travel credit cards in Canada that provide you with both collision and damage coverage for rental vehicles. Here are our picks for the best credit cards for car rental insurance in Canada.

How do you use credit card insurance coverage for rental cars?

In order to get your rental car insurance coverage you usually have to charge the full cost of a car rental to a credit card that has rental car insurance included. In rare cases, you could be eligible for coverage if you charge just part of the booking to the card. If you use your credit card points to book the rental car, you may not be eligible for the included rental car coverage. If your credit card provides rental car insurance and your booking is eligible for it, you’ll have to decline rental car insurance offered by the car agency you are renting from when you pick up the car. 

What does credit card car rental insurance cover?

Credit card rental car insurance usually covers theft, loss and damage to your rental car in the case of an accidental collision. The cost of injuries to yourself or other drivers may not be covered by your credit card’s rental car insurance, and the cost of your stolen personal items from the rental car also may not be protected. You’ll want to check the fine print of your credit card’s insurance agreement to confirm.

What credit card should you use for car rentals?

Many travel credit cards offer credit card car rental insurance, as well as discounts on rental cars. Cards like the Scotiabank Passport Visa Infinite Card or the BMO Ascend World Elite card provide great coverage on cars with an MSRP of up to $65,000. If you are going to rent a pricier car, the American Express Cobalt card or the American Express Gold Rewards cards are good choices, because they offer higher than average coverage, applicable to cars with an MSRP (manufacturer’s suggested retail price) of $85,000. 

Is a collision damage waiver the same as credit card rental car insurance?

Collision damage waivers (CDW) offered by rental car companies may differ from the coverage offered by your credit card. Credit cards may offer damage waiver insurance, but to be eligible for coverage you’ll have to decline the CDW from the rental car agency. Even if you use the insurance coverage from your credit card in the case of an accident, the rental car agency may charge you additional administrative fees or charge you for the diminished value of the vehicle after repairs or loss that may not be covered by your card’s insurance.

What credit card rental car insurance does cover

Most credit cards offer excellent collision and damage insurance that will cover you for the cost of the rental car in the event it’s stolen, vandalized, lost or damaged – even if an accident is your fault.

Get in a fender bender? Suddenly find your parking spot is empty because someone broke into your car? In either of those cases, you’d be insured for the rental car (up to its MSRP) by your credit card.

In general, making use of the insurance on your credit card will save you from having to buy the optional collision/damage/loss waiver insurance from the rental agency (typically a cost of $16 to $23 per day) and still provide the coverage you need for the vehicle.

What credit card rental insurance won’t cover

While credit card car rental insurance will provide collision, damage, and loss coverage for the rental car itself, it won’t provide third party or personal injury insurance.

That means your credit card won’t cover you for any damage caused to someone else’s property or medical costs associated with an accident (like physiotherapy or other potential hospital bills). Outside of a few exceptions (like the BMO Ascend World Elite Mastercard ), most credit cards also won’t provide personal effects insurance. Personal effects is just a fancy word for valuables. So, if your rental car is stolen and your expensive laptop along with it, you won’t get any money back for your laptop.

Generally, though, if you own a car and already have an auto insurance policy, you’re probably covered for all the above and won’t need to pay out of pocket. But, if you don’t and you’re just relying on your credit card, you’ll only be covered for the cost of the rental car and you’ll need to purchase liability and personal injury insurance.

How credit card rental insurance works – the fine print

How credit card rental insurance works – the fine print Credit card rental car insurance, just like any insurance policy, has its fair share of fine print, terms, and legalese to decode. Here are some of the most important things to know:

1. Is your credit card eligible?

It might seem obvious, but start by checking if your card actually comes with rental car insurance in the first place, because not all do.

2. Rental insurance terms

If your card does offer coverage, get familiar with its terms. Ttypically, credit cards will cover vehicles with an MSRP of $65,000 or less for a period of between 31 and 48 days. MRSP stands for the Manufacturer’s Suggested Retail Price - so be sure you know what the MSRP is for your chosen rental car before signing off.

3. How to activate credit card rental car insurance

Your credit card’s rental insurance won’t apply automatically, and you’ll need to: 1. pay for the full price of the rental car using your credit card, and 2. explicitly decline the collision/damage/loss waiver insurance from the rental agency for your card’s coverage to apply.

4. Limits to credit card car rental insurance

While credit card coverage usually applies around the world, that might not always be the case; like if you’re visiting a country that has a travel warning. Here are some other limitations: 

• Credit card rental insurance will cover almost all cars, SUVs and minivans, but it won’t cover every vehicle type (for example, exotic cars, motorcycles, trailers, and larger vehicles with over eight seats are exempt).
• Your credit card must be in good standing, otherwise, coverage won’t apply.
• Your credit card insurance won’t cover you in instances when you’re inebriated or carrying illegal goods.
• Coverage is usually intended for rental cars that have been booked for personal use, and won’t apply if you’re using the rental for commercial purposes.
• Credit card rental insurance will typically cover the primary cardholder as well as any driver who’s been given permission to use the vehicle by the primary cardholder.

Generally, if you’re renting a sedan or minivan just to get around or for a road trip out of the city, you’ll be covered through your card. To be extra safe, consider calling up your credit card company before reserving a rental car.

Last but not least, if you’re in the unfortunate situation where you have to make a claim, time will be of the essence as you’ll usually have to report a claim within 24 to 48 hours for it to be valid.

The best credit cards for rental car insurance in Canada

Bmo ascend world elite mastercard.

• Rental car coverage: Damage or theft of your rental car plus any valid towing charges, lost or stolen personal effects, and accidental death and dismemberment
• Coverage amount: A rental car with an MSRP of up to $65,000, and $500,000 for accidental death and dismemberment
• Covered period : Up to 48 consecutive days
• Conditions : You must use your card to pay for the full or partial cost of the rental vehicle and decline the rental agency’s damage waiver; claims must be made within 48 hours of an incident

BMO Ascend™ World Elite®* Mastercard®*

Best for travel perks.

based on spending $2,200/mo after $150 annual fee

1pt – 5pts / dollar earn rate

100,000 bonus points (a $667 value)

• Welcome offer: Get up to 100,000 points and the annual fee waived in your first anniversary for both the primary cardholder and authorized users.*
• 5x the points for every $1 spent on eligible travel purchases,* 3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments,* 1 point for every $1 spent everywhere else.*
• Now get the highest rewards points for travel of any premium flexible travel card in Canada! †
• Complimentary membership in Mastercard Travel Pass provided by DragonPass,* with four annual complimentary passes.
• Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
• Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
• Points you can use to cover all flight charges & taxes*
• Fly on any airline, with no blackout dates*
• Best-in-class travel and medical insurance (unlimited trips per year)*
• Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
• *Terms and conditions apply
• † Statement based on a comparison of the redeemable value of the non-promotional travel rewards points earned on premium flexible Canadian credit cards as of May 3, 2022. “Flexible” is defined as points earned when you purchase travel anywhere and “premium” refers to cards with an annual fee of ≤ $150 or has an income requirement of ≤ $150,000 annual individual income.

Ratehub’s take

The BMO Ascend World Elite Mastercard  is a top choice among seasoned travellers, particularly those who prefer a Mastercard, and who like to frequently fly and dine out. This card offers a suite of perks that cater to travel enthusiasts.

• Earn points: Earn three points per $1 spent on restaurant, entertainment purchases, and recurring bills, and one point per $1 spent on everything else
• Comprehensive insurance package: Recognized for one of the best insurance packages in the market, including $5 million in out-of-country insurance, exceeding the standard $1 million in coverage offered by most other cards
• 24/7 concierge services: Enjoy around-the-clock concierge services for your travel needs
• Airport lounge access: Receive complimentary membership in Mastercard Travel Pass, including four annual complimentary passes
• Redemption flexibility: Enhanced flexibility to redeem points for flights on virtually any airline with no blackout dates (points can be used to cover taxes and fees as well)
• Income requirements: The card’s minimum personal income of $80,000 may limit accessibility for some users
• Lower point value: While BMO points are flexible, they are worth less than other travel rewards programs (usually around 1 cent per point) at 67 cents per point

Eligibility requirements

Minimum credit score: 760

Minimum income: $80,000/yr

Interest rates

Purchase interest: 20.99%

Cash advance: 23.99%

Balance transfer: 23.99%

In-depth: BMO Ascend World Elite Mastercard Travel Insurance

The BMO Ascend World Elite Mastercard offers coverage for up to $65,000 in damages. The insurance also provides accidental death and dismemberment benefits of up to $500,000 while occupying a rental car for one accident. This is quite extensive coverage compared to other cards.

Coverage extends to cars, sports utility vehicles, and vans as long as they’re for private use, seat no more than eight occupants, don’t exceed at “¾ ton” rating, and aren’t designed for recreational use.

American Express Cobalt

• Rental car coverage: Damage, loss or theft of your rental car
• Coverage amount: A rental car with an MSRP of up to $85,000
• Coverage period: Rentals of 48 consecutive days or less
• Conditions: You must use your card to pay the full cost of the rental vehicle and decline the rental agency’s damage waiver; claims must be made within 48 hours of an incident

American Express Cobalt® Card

Best for groceries & dining.

based on spending $2,200/mo after $156 annual fee

15,000 bonus points (a $150 value)

• Ratehub.ca’s 2023 Award Winner – Best Rewards Credit Card
• In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
• Earn 3X the points on eligible streaming subscriptions in Canada
• Earn 2X the points on eligible ride shares, transit & gas in Canada
• Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
• Earn 1X point for every $1 in Card purchases everywhere else
• Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
• Transfer points 1:1 to several frequent flyer and other loyalty programs
• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
• American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

The American Express Cobalt is one of Canada’s best travel credit cards. If you’re looking for a versatile credit card that rewards both everyday spending and travel, the American Express Cobalt is an ideal choice. Cardholders can enjoy strong travel insurance, a generous welcome offer, and flexible point redemption options.

• Exceptional point earning: 5x the points on eligible restaurant and food delivery, 3x the points on eligible streaming services, 2x the points on travel and daily transit. The earning potential for restaurants and takeout is significantly higher than most other cards
• Flexible point redemption: Travelers can choose from three ways to use their points: points 1:1 to several valuable loyalty programs including Aeroplan, use the Fixed Points Program to simplify redemptions regardless of travel dates, or use points for statement credits at a rate of 1 point = 1 cent. Or, redeem Membership Rewards for travel, gift cards, merchandise, or purchases
• Exclusive access: Enjoy privileges such as Front of the Line Presale and Reserved tickets to concerts, theatre performances, movie screenings, culinary events, and other special offers
• Comprehensive travel insurance: Benefit from a strong travel insurance package, including up to $5,000,000 in travel emergency medical 
• No additional fee for authorized users: Add authorized users for no extra cost (an average fee of $30-50 on other comparable cards) 
• Monthly fee: A monthly fee of $12.99 (totalling an annual fee of $156, which is higher than most other rewards cards)
• Limited acceptance: American Express isn’t as widely accepted in Canada compared to Visa and Mastercard
• Travel insurance age limitations: The travel insurance package does not cover trip cancellation or medical coverage for cardholders over the age of 65
• Lack of airport lounge access: Frequent travellers may be disappointed as this card does not offer access to airport lounges

Minimum credit score: 725

Minimum income: N/A

Purchase interest: 21.99%

Cash advance: 21.99%

Balance transfer: N/A

The American Express Cobalt made our list of the best credit cards in Canada under the overall rewards cards category, but it also has some impressive travel benefits. Car Rental Theft and Damage Insurance is included as long as you fully charge your rental to your American Express Cobalt Card. You’re covered for damage or theft of your rental car with an MSRP of up to $85,000. 

Scotiabank Gold American Express

• Rental Car Coverage: Covered up to the vehicle’s actual cash value plus any valid loss of use charges, towing charges, and administrative charges resulting from damage or theft
• Coverage amount: Rental car with an MSRP of up to $65,000
• Coverage period: Up to 48 consecutive days
• Conditions: You must use your card to pay the full cost of the rental vehicle and decline the rental agency’s damage waiver

Scotiabank®* Gold American Express® Card

based on spending $2,200/mo after $120 annual fee

40,000 bonus points (a $400 value)

• Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points.
• You will not pay 2.5% foreign transaction fees on any foreign currency purchases, including online shopping and when travelling abroad. Only the exchange rate applies
• Earn 5X Scene+ points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions
• Earn 3X Scene+ points for every $1 CAD spent on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more
• Earn 1X Scene+ point for every $1 spent on every other purchase

The Scotiabank Gold American Express Card earns an honourable mention as one of the best overall travel credit cards for the outstanding benefits it offers to cardholders. This card stands out as a top choice, thanks to its exceptional return on spending and a variety of travel-related perks. This card is particularly useful for those who dine out often, travel, and enjoy entertainment.

• No foreign exchange fee: Save on foreign currency purchases while travelling abroad or shopping online, as this card doesn’t charge the typical 2.5% foreign transaction fee
• Extensive insurance coverage: Enjoy comprehensive travel insurance, including the $1 million travel medical insurance, which lasts for 25 days and is one of the longer coverage periods available on the market
• High return on spending: Earn five points per $1 spent on groceries, restaurants, food delivery, and entertainment – one of the best in class multipliers in the market. Earn three points per $1 spent on gas and transit expenses 
• Annual Fee: This card carries an annual fee of $120
• Fixed point values: Although earn rates are high, travel points are always worth one cent per point and you can’t transfer your points to other airline rewards programs like you can with other cards
• Airport lounge access is not free:  Although you’ll get a discount on a Priority Pass membership for airport lounge access, lounge visits aren’t included with the card

Minimum income: $12,000/yr

Cash advance: 22.99%

Balance transfer: 22.99%

In-depth: American Express Gold Rewards Travel Insurance

What’s great about the Scotiabank Gold American Express card is that it offers coverage up to the vehicle’s actual cash value plus loss of use charges, reasonable towing charges, and administrative charges that could result from damage or theft. The coverage extends to cars, sport utility vehicles, and minivans provided they seat no more than eight occupants including the driver, and they are used for private use only.

Scotiabank Passport Visa Infinite

Scotiabank passport™ visa infinite* card.

1pt – 3pts / dollar earn rate

30,000 bonus points (a $300 value)

$150 $0 first year waived

• Ratehub.ca’s 2024 Credit Card Award Winner
• Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points and first year annual fee waived¹
• Earn 3x Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
• Earn 2x Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligble entertainment puchases and eligible daily trasit options(including rideshares, buses, subways taxis and more)
• No Foreign Transaction Fee
• 6 Complimentary Airport Lounge Access
• Comprehensive Travel Insurance coverage
• Visa Infinite* Concierge Services
• Visa Infinite* Hotel Collection
• Visa Infinite* Dining and Wine Country program
• Rates, fees and other information are effective as of Jan.4, 2024. Subject to change

The Scotiabank Passport Visa Infinite card makes a great vacation companion, designed for Canadians who travel abroad and explore the world. It is one of the few cards that covers foreign transaction fees, and also includes valuable travel benefits like airport lounge access.

• No foreign transaction fee: Save 2.5% on all non-Canadian currency purchases 
• Scene+ points: Earn three Scene+ points per $1 spent at participating grocery stores (e.g., Sobey’s, IGA, and FreshCo) and two Scene+ points per $1 spent on eligible grocery, dining, entertainment, and daily transit purchases
• Flexible redemption: Enjoy flexible point redemption options including for travel, groceries, statement credits, gift cards, and movie tickets
• Airport lounge access: Access airport lounges with six free visits per year to over 1,200 lounges worldwide
• Visa Infinite benefits: Benefit from the Visa Infinite Luxury Hotel Collection, Visa Infinite Dining series, and complimentary Avis Preferred Plus membership
• Comprehensive travel insurance: Enjoy coverage for emergency medical, trip cancellation/interruption, flight delays, and more
• Annual fee: The annual fee of $150 is higher than some comparable cards
• Low point return: The earn rate for certain spending categories like dining and entertainment is lower compared to other cards
• Consistent point values: Travel points are always worth one cent per point and you can’t transfer your points to other airline rewards programs like you can with some Amex cards

Minimum income: $60,000/yr

The Scotiabank Passport Visa Infinite offers the same rental car insurance policy and coverage terms as the aforementioned Scotiabank Gold American Express Card for vehicles with an MSRP of $65,000. This card’s rental insurance policy extends to almost all car types – from four seater sedans to minivans – and covers up to the vehicle’s actual cash value plus loss of use charges, reasonable towing charges, and administrative charges that could result from damage or theft. It’s also worth highlighting that the Scotiabank Passport Visa Infinite offers 25% off the base rate on rental car bookings at eligible AVIS locations and charges no foreign transaction fees (which can help you save further if you’re embarking on a road trip outside of Canada).

American Express Gold Rewards Card

• Rental Car Insurance: Covers up to the vehicle’s actual cash value plus any valid loss of use charges resulting from damage or theft

American Express® Gold Rewards Card

Best for groceries & gas.

based on spending $2,200/mo after $250 annual fee

1pt – 2pts / dollar earn rate

60,000 bonus points (a $600 value)

• Earn up to 60,000 Membership Rewards® points:
• New American Express® Gold Rewards Cardmembers, earn 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card
• This could add up to 60,000 points in a year. That’s up to $600 towards your next vacation
• Earn 2 points for every $1 in Card purchases for eligible travel purchases, including flights, hotels, car rentals, cruises, and more
• Earn 2 points for every $1 in Card purchases at eligible gas stations, grocery stores and drugstores in Canada, and 1 point for every $1 in Card purchases everywhere else
• The Card is now available in your choice of Gold or Rose Gold metal options
• Receive a $50 CAD statement credit when a NEXUS application or renewal fee is charged to your American Express Gold Rewards Card
• You have access to an annual $100 CAD Travel Credit, compliments of your American Express Gold Rewards Card. Use the credit once annually towards any single travel booking of $100 or more charged to your Gold Rewards Card through American Express Travel Online
• As a Gold Rewards Cardmember, you can receive complimentary membership in Priority PassTM – one of the world’s largest independent airport lounge programs. Escape the chaos of airports and relax in an oasis of calm and simply enjoy the fact that the travel experience has begun before your plane has even left the ground. Enrollment is required and entry fees apply
• Enjoy four (4) complimentary visits per Calendar year to Plaza Premium Lounges across Canada. Entry fees apply once complimentary visits have been used
• Charge any eligible purchase to your credit Card then log in to redeem your earned points for a statement credit
• 1 Free Additional Gold Rewards Card (a $50 value) to help you earn points faster
• Subject to approval. The preferred rate for purchases is 21.99% and funds advances is 21.99%. If you have Missed Payments, the applicable rates for your account will be 25.99% and/or 28.99%. See the information box included with the application for the definition of Missed Payment and which rates apply to charges on your account and other details
• American Express is not responsible for maintaining of monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

The American Express Gold Rewards card is one of the most flexible travel credit cards in Canada , and this has led it also to be one of the most popular – particularly among savvy travellers and points optimizers.

The American Express Gold Rewards card offers similar coverage as the Scotiabank Gold American Express card in that they both offer full coverage up to the vehicle’s actual cash value plus any valid loss of use charges resulting from damage or theft. This card covers vehicles with a manufacturer’s suggested retail price of under $85,000 in its model year. This includes cars, sport utility vehicles, and minivans, provided they have a maximum gross vehicle weight of 2,680 kg (5,966 lbs.), seat no more than eight occupants, and are for private use only.

TD Cash Back Visa Infinite

• Rental Car Coverage: Covers up to the vehicle’s actual cash value plus any valid loss of use charges resulting from damage or theft

TD Cash Back Visa Infinite* Card

Best for household spending.

based on spending $2,200/mo after $139 annual fee

1% – 3% earn rate

$139 $0 first year waived

• Bonus Eligible Purchases are Gas Purchases, Grocery Purchases & Pre-authorized payments, until a total collective spend of $3,500 of such purchases have been made†.
• Get an Annual Fee Rebate for the first year†.
• To receive the first-year annual fee rebate, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by June 4, 2024.
• Earn Cash Back Dollars on every eligible purchase.
• Emergency Road Services with Deluxe TD Auto Club Membership†
• Complimentary Visa Infinite* Concierge service† available 24/7
• Mobile Device Insurance†
• Earn 3% in Cash Back Dollars on eligible grocery Purchases and gas Purchases†, and on regularly recurring bill payments† set up on your account
• Earn 1% Cash Back Dollars on all other Purchases made with your Card†
• Redeem your Cash Back Dollars to help pay down your Account balance whenever you please – the choice is yours!†
• Your Cash Back Dollars never expire as long as your account is open and in good standing
• †Terms and conditions apply.
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The TD Cash Back Visa Infinite offers a strong earn rate on rewards and the option to redeem your cash back at any time (minimum $25). Plus, the card packs a punch with added benefits like travel insurance coverage – which is rare for a cash back card.

• High earn rate: Strong earn rate of 3% cash back on gas, groceries and recurring bills and 1% on all other purchases
• Additional perks: Complimentary roadside assistance through Deluxe TD Auto Club membership, discounts at Avis and Budget Rent-A-Car locations
• Travel insurance: This card includes travel medical and delayed/lost baggage insurance, which is quite uncommon for non-travel cards. Additional insurance includes purchase security and extended warranty protection.
• Cap on key spending categories: $15,000 yearly spending cap for gas, groceries and recurring bills – after which the rate drops to 1%. Big spenders in these categories may want to consider partnering this card with one that offers non-capped rates
• Income requirements: $60,000 minimum personal income requirement may pose a hurdle for some users

Along with offering 48 days of collision damage and loss insurance, the TD Cash Back Visa Infinite stands out for its strong earn rate of 3% cash back on gas. So, not only will you save on rental car insurance but at the pump too. Plus, you can knock an additional 5% to 10% off the base price when reserving a car from eligible Avis and Budget agency locations.

Honourable Mentions

While all our top choices highlighted above provide credit card rental coverage for up to 48 consecutive days, our list of honourable mentions below didn’t quite make the list because they offer coverage for 31 days. But, we thought they deserved a shoutout nonetheless because they’re great no fee credit cards that offer coverage despite the fact they’re free to carry.

Tangerine World Mastercard

• Coverage period: Up to 31 consecutive days

Tangerine World Mastercard®

Best for flexible spending.

based on spending $2,200/mo after $0 annual fee

2% – 10% earn rate

• Take on the world, get an extra 10% back* on everyday purchases.
• Apply for a Tangerine World Mastercard® by October 31, 2024 and earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.
• Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
• Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
• No limit on the amount of Money-Back Rewards you can earn. Change your 2% Money-Back Categories to suit your spending.

The Tangerine World Mastercard is a well-rounded credit card offering thorough insurance coverage, including mobile device coverage, exclusive World Mastercard benefits, and airport lounge access through the Mastercard Travel Pass. This card makes a fantastic travel companion while providing great cash back value.

• Customizable bonus categories: Pick up to three bonus categories to earn 2% cash back on (out of a total of 10 options), which is in sharp contrast to most other cards, where you have fixed bonus categories that you have no control over. Users are also given the freedom to change the bonus categories at any time (changes will take up to 90 days to come into effect)
• Balance Transfer Option: Take advantage of a 1.95% balance transfer promotion for the first 6 months, providing potential savings on interest charges to help you pay off your credit card debt. (Balance transfer fee of 3%)
• Comprehensive Insurance Coverage: Surprisingly robust insurance coverage, particularly mobile device insurance, which is uncommon for a no-fee card.
• Exclusive World Mastercard Benefits: Access Mastercard Priceless Cities and Mastercard World Experiences for unique global experiences and valuable offers.
• Airport Lounge Access: Enjoy access to over 1,000 airport lounges worldwide through Mastercard Travel Pass, enhancing your travel experience (at a cost of $32 USD per visit)
• High Income Requirements: The card comes with a high annual income requirement of $60,000. However, if these are not met, the Tangerine Money-Back Credit Card is a viable alternative with few sacrifices.
• Low Earn Rate: You only earn 0.5% on all purchases outside of bonus categories. 

Purchase interest: 19.95%

Cash advance: 19.95%

Balance transfer: 1.95% for the first 6 months. 19.95% after promo.

PC Financial World Elite

Pc financial® world elite mastercard®.

10pts – 45pts / dollar earn rate

• Ratehub.ca’s 2023 Award Winner – Best Store Credit Card
• Get 30 PC Optimum™ points per $1 on all the stuff you need: groceries, beauty, household products and more at participating stores.
• Earn at least 30 PC Optimum™ points per litre of fuel at Esso™ and Mobil™ stations in Canada.
• Earn 10 PC Optimum™ points per $1 everywhere else.
• Unlock great benefits, like free extended warranty and purchase assurance.
• Mastercard Global ServiceTM: Replaces your card or offers a cash advance in case of emergency. Conditions apply.
• Free Purchase Assurance: In the event of theft, loss or damage in the first 90 days when you pay in full with your PC® Mastercard® credit card.
• Free Extended Warranty: Doubles the manufacturer’s regular warranty for up to an additional year on items purchased with your PC® Mastercard® credit card.
• Concierge Services 24/7 concierge service to make dinner reservations, reserve event tickets, deliver gifts and more.
• Travel Emergency Medical Insurance: For trips up to 10 days from date of departure, for those under age 65.
• Car Rental Collision/Loss Damage Waiver Insurance: Collision damage and theft protection for your car rental needs.
• Identity Theft Assistance Service: To help you avoid identity theft or restore your identity.
• Fraud Detection: PC® Mastercard® uses best-in-class fraud detection tools right from the start of your application. Provide fraud monitoring to customers on their transactions and have a dedicated team of fraud specialists to support customers.
• Proactive monitoring PC® Mastercard® also offers optional products that can help you proactively monitor, manage and protect your valuable credit and personal information.PC Financial® Mastercard® is provided by President’s Choice Bank. President’s Choice Bank is not responsible for maintaining or monitoring the accuracy of the content on this website. To the extent of any inconsistency with information at the provider’s site, the terms at the provider’s site shall prevail. For full details and current product information click on the “Apply now” button.Please note: Credit approval and eligibility is subject to a number of factors in addition to credit score.Terms and conditions apply; visit card provider’s site for more information including additional interest rates and fees. All information is subject to change.The PC Optimum™ program is provided by President’s Choice Services Inc.

If you are looking for a credit card that will help you save money on groceries, the PC Financial World Elite Mastercard is a great choice, especially for those who frequently shop at Loblaws-owned stores and Shoppers Drug Mart. 

• Accessible to all: No annual fee and no income requirements, making it accessible to a wider range of customers
• Abundant earning opportunities: Loblaw is one of Canada’s largest retailers, so there’s no shortage of opportunities to earn and redeem points
• Points stacking: Stack your points by showing your PC Optimum card at Loblaw-affiliated stores and paying with your PC Financial World Elite Mastercard
• Competitive earn rates: Earn rates are high compared to other no-fee credit cards
• Added travel insurance: Offers travel insurance benefits adding value to cardholders
• Limited rewards outside of Loblaws: While PC Financial Mastercards offer excellent rewards at Loblaw stores, they do not provide great benefits when shopping anywhere else
• Restrictive redemption rules: Points can only be redeemed in increments of 10,000 (10,000 = $10). Points cannot be used to pay for purchases at non-Loblaws retailers or redeemed against a statement balance. Plenty of other rewards cards on the market offering more flexibility

Minimum credit score: 560

Cash advance: 22.97%

Balance transfer: 22.97%

The bottom line:

Regardless of which credit card you have, you can maximize your benefit from the car rental insurance provided. Before renting a vehicle, make sure that the rental agency will allow you to decline the collision damage waiver without making a deposit. Also check the rental car thoroughly for any scratches, dents, or damages before taking possession of the car. This will ensure you aren’t blamed for any damages prior to you taking possession of the vehicle.

• The Best Credit Cards for Travel Insurance
• Rental Car Insurance: The Ultimate Guide
• Best No Fee Credit Cards in Canada

*This blog is for educational purposes only and isn’t legal advice. Check your credit card policy and rental car agency terms for details.