*NOTE: This post was written in 2010 and may contain outdated information.*
I’ve decided it’s finally time to ditch the Green Visa I signed up for 10 years ago through TD Canada Trust and take advantage of some of the amazing perks that come with travel credit cards in Canada. After reviewing absolutely every travel reward credit card on offer in Canada, and eliminating cards that didn’t stack up, I decided on 5 cards to compare: one from each of the big 5 banks. The first criteria that I decided on was that each card had to have the essential benefits that a card of this type should carry: travel medical insurance, trip cancellation or delay, doubling of the warranty of most items purchased on the card, insurance for new purchases, travel accident insurance and rental car insurance.
After that I wanted to compare the actual value of the sign up bonus I would be receiving from each card. After doing some research (and more math than I had had hoped for), I determined the value of a ‘point’ in each system. Here are the values of the sign up bonus for each card (more…)