When it comes to the best credit card for travel points in Canada, our pick would be either the American Express Cobalt or the Scotiabank Passport Visa Infinite card.

The American Express Cobalt is the perfect choice for a rewards card that delivers for both everyday spending and travel. The card offers a flexible point redemption system, strong travel insurance policy, and a generous welcome bonus. With its top-notch rewards system, cardholders earn 5 times the points on eligible restaurants and food delivery purchases, 3 times the points on eligible streaming services, and 2 times the points on travel and daily transit in Canada. 

The Scotiabank Passport Visa Infinite card is the ultimate travel rewards credit card, with valuable benefits that set it apart from others. With no foreign transaction fees, its one of the few Canadian credit cards that save you 2.5% on all your foreign purchases. Plus, it comes packed with perks!

The Scotiabank Gold American Express Card is our pick for the best travel credit card for travel insurance. This card includes extensive emergency medical insurance for out-of-province travel, as well as coverage for trip cancellation and interruption, lost or delayed baggage, hotel burglary, and rental car collision damage.

Yes, you can hold multiple travel credit cards at once, and many Canadians do. Having more than one card can help you maximize rewards across different spending categories (for example, one card for groceries and dining, another for gas and travel) or take advantage of different loyalty programs. However, it’s important to manage them responsibly: pay off balances in full, keep track of annual fees, and avoid applying for too many cards in a short period, as that can temporarily lower your credit score.