Finding Fabulous Credit Card Rewards Programs in Canada (MBNA Rewards vs BMO World Elite MasterCard vs Scotiabank Gold Amex vs TD Cards)
Canadians face a tricky little problem. They absorb American advertisements and, as a result, are exposed to American consumer, entertainment, and financial products.
However, in a lot of cases, unless they go south of the border or engage in some pricey cross-border shopping, they cannot get those products in Canada.
Fortunately, Canadian companies are working hard to develop the same kinds of attractive offers and products found in the United States, and the world of rewards credit cards is no exception. With products like the BMO World Elite Card or the TD Travel credit card, Canadians searching for travel rewards cards, cashback cards, business cards or a card with all of those features tied together can find them in the “true North strong and free.”
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The team at AdvisoryHQ has rounded up four rewards credit cards offered in Canada. Customers looking for options and a side-by-side comparison of interest rates, annual fees, and rewards programs can check out our comparison of the BMO® World Elite™ MasterCard®, MBNA Rewards World Elite MasterCard, Scotiabank® Gold American Express® Card, and TD Business Travel Visa® Card.
The cards on this list come with the kind of features consumers want from any rewards cards. Business owners or individual consumers looking for any rewards credit card should ensure they are getting their money’s worth since most good rewards cards come with an annual fee.
If you choose a travel rewards card, like the BMO World Elite Rewards card, make sure you are choosing a card whose points don’t expire and that allows you to redeem your points towards bookings on any airline.
Furthermore, when choosing a travel rewards cards, like the Scotiabank Gold Amex, check to see that there are decent support services that come with the rewards card, like medical insurance, accident coverage, and concierge services to help you out while you’re abroad. A good travel rewards card should be worth its weight in gold – or at least worth the annual fee – so make sure if you are opting for a pricey travel rewards card that you are choosing one that will have your back while in a foreign country.
See Also: Top Best Interest-Free Credit Cards | Ranking | Best Zero Interest Credit Cards (Reviews)
Comparison Review List
The list below is sorted alphabetically (click any of the names below to go directly to the detailed review section):
- BMO® World Elite™ MasterCard®
- MBNA Rewards World Elite MasterCard®
- Scotiabank® Gold American Express® Card
- TD Business Travel Visa® Card
High-Level Comparison Table
Card | Purchase APR | Annual Fee |
| BMO® World Elite™ MasterCard® | 19.99% | $150 |
| MBNA Rewards World Elite MasterCard® | 19.99% | $89 |
| Scotiabank® Gold American Express® Card | 19.99% | $99 |
| TD Business Travel Visa® Card | $149 |
Table: The above list is sorted alphabetically
BMO® World Elite MasterCard® Review
The BMO World Elite is a rewards card option from BMO Bank of Montreal. The BMO World Elite Rewards card is a travel rewards card that is ideal for those who want their BMO MasterCard World Elite purchases to go towards future trips.
The World Elite MasterCard from BMO has raised the bar for travel rewards cards
