Air miles cards are offered by Canadian credit unions, small banks, companies, and big banks such as CIBC, Toronto-Dominion, Royal Bank of Canada, and others. Travel cards are available to existing and new individual customers and businesses.
Customers enjoy premium benefits such as low introductory APR, merchandise and travel rewards, no annual fee, bonus points toward charitable donations, and large spending limits. Canadian banks feature specialty cards with air miles that go toward airfare, electronics, tickets, and more. Financial institutions offer signature services, vacation planning advice, and discounts on luggage shipping, dining, and admission. American express air miles feature sports offers, access to entertainment and events, and discounts. Many issuers also feature unlimited air miles for discounted airfare and free travels, flexible points redemption, and premium rewards such as tours, cruises, packaged holidays, car rentals, and hotels, and others. Rewards cards feature points and miles that can go toward flights to Hong Kong, Dubai, New York, and other top destinations. The Royal Bank of Canada offers promotions, flight deals, and extra points. Cards that offer flexible redemption schedules include RBC Visa Business Avion and Avion Visa Infinite Privilege.
Specialty credit cards offer platinum benefits such as pre-sale tickets, annual fee waivers, membership rewards, and other perks. Air miles cards feature no preset spending limits and perks such as signature events and premium transportation. There is a selection of specialty cards by Visa, American Express, and MasterCard that offer exclusive rewards and miles toward economy round trips and upper class upgrades. There are airmiles cards with discounts on spa and accommodation, golfing supplies, clothing, and other items. Most cards feature variable APR, companion reward flights, and the option to double miles. There are premium cards with points that can be exchanged for Asia Miles and WestJet dollars. Travel cards offer attractive rewards, but some financial institutions charge high returned check and annual fees. Ask about the fees and interest if you only pay the minimum. On the positive side, some issuers offer secured airmiles credit cards to help clients repair their credit. Air miles cards are reserved for high income earners and creditworthy applicants. Financial establishments require that applicants provide their social insurance number to run a credit check. Customers who filed for bankruptcy see their applications declined.