Did you know that there are no annual fee Canadian travel credit cards available right now that you can sign up for to earn you tons of points and miles? In this article, you will learn what those four credit cards are. I’ll also talk about my personal experience applying for some of them to give you an idea of how to go about getting approved for these awesome credit cards.
VIDEO – 4 No Annual Fee Canadian Travel Credit Cards That Can Earn You 35,000+ Points and Miles
You can potentially earn 150,000 points and miles with these four Canadian travel credit cards
This card typically has an annual fee of $180 but it’s waived for the first year. CIBC will give you 20,000 Aeroplan miles after your first purchase. An additional 15,000 Aeroplan miles will be awarded to you after spending $3,000 within your first 4 statement periods.
Another bonus perk is getting a $120 Air Canada eGift card.
Do you need to have a business to get these credit cards?
You do need a business number to get this card. I personally got a business number back in 2014 when I started a personal training business where I go to people’s homes to train them. Happily, I shut down the business back in 2015 when I decided I hated going to people’s houses to train them and just got a job in the community centres instead. I completely forgot I had this business number but when I checked recently just for fun, turns out it is still valid.
A lot of people recently signed up with Ownr (referral link) to get a business number. I’ve personally never used them before but I know many Canadians who wanted to get these business credit cards were able to get a business number through them quickly. This might be a good investment if you plan on signing up for business credit cards moving forward since banks are getting more strict with allowing people to sign up for business credit cards without a business number.
This card typically has a $149 annual fee but until June 1, 2020, they’ll waive it for the first year. Upon your first purchase, TD will award you 20,000 Aeroplan miles. They will also give you 5,000 Aeroplan miles if you register for e-statements within your first 3 months of getting this card.
You’ll also earn the additional 20,000 Aeroplan miles after spending $5000 within the first 3 months of getting this card.
I personally just signed up for this card just a week before writing this article. You can’t apply for this card online so I had to go in-branch to make an appointment. Basically, I had to create a business profile first with TD before I can apply for this card. Then, I sent in my proof of having a business number by email.
The final step required me to go in-branch to complete the application and I was approved on the spot. Because of COVID-19, they told me that I need to wait 2-4 weeks before I will receive this card in the mail.
This card typically has a $120 annual fee but for now, they’ll waive it for the first year. Upon your first purchase, CIBC will award you 20,000 Aeroplan miles.
You’ll also earn the additional 15,000 Aeroplan miles after spending $10,000 within the first 1 year of getting this card.
I personally applied for this card online and was approved a week later. If you don’t meet the personal annual income requirements, you can try entering your income under household income. They don’t seem to be strict with the household income amount so you can try that route to see if it would work for you.
This card typically has a $120 annual fee but for now, they’ll waive it for the first year. Upon your first purchase, CIBC will award you 20,000 Aventura points.
You’ll also earn the additional 15,000 Aventura points after spending $10,000 within the first 1 year of getting this card.
CIBC claims that 35,000 Aventura Points are worth $800. And because you have one year to hit the minimum spend requirements, it’s quite realistic for a lot of people.
I personally got this card back in February and I’m still chipping away at the minimum spend requirements. It might be a good card to use for places where you can’t book your Aeroplan or Avios miles.
If you’re wondering which order you should apply for these no annual fee Canadian travel credit cards, here is my opinion:
I think the TD Business Aeroplan Visa should be the first card you should get. This is because this promotion has a hard end date of June 1, 2020. And this card also gives you the most amount of miles with no annual fee. 45,000 Aeroplan miles is a lot!
Second, I think the CIBC Aerogold Infinite Visa is a solid second choice. This is because I don’t see this card go on promotion often. Therefore, luck is on your side right now. Because who knows when you can get this card again at this no annual fee for the first year promotion.
Third, the CIBC Aerogold Business Visa is a good one just because of the 35,000 Aeroplan miles and $120 Air Canada eGift card.
I’d put the CIBC Aventura Gold as 4th because Aventura is just not as good as Aeroplan. Despite being a rare no annual fee and extra welcome bonus points for a CIBC Aventura Gold card, I still put it in 4th place.
Regardless of your choice, I think all four of these cards are solid options and you definitely don’t want to miss out on them.