The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
July 31 Update: The 2% return on travel Envision World Mastercard now on Rewards Canada, hotel occupancy rates in Canada continue to rise slowly and seven new bonus offers
Sometime ago our Facebook follower Jeremy B. introduced us to the Envision World Mastercard and I’m finally getting around to putting the card’s details on the Rewards Canada site and will begin to consider it for any potential rankings, portfolios and so on that I publish. This is credit union card that offers a straight 2 points per dollar spent on the card which translates to a 2% return when you redeem towards travel so it could be considered a replacement for the Capital One Aspire World Elite Mastercard however there are some pros and cons to it. From what I can tell you must have the full amount points in your account to redeem for travel (no partial redemptions) and you have to book via their travel portal. I did a quick one time search for flights on their portal between Toronto and Montreal in late August and the price on Envision’s site for the Air Transat flight was 19,135 points ($191.35) while Air Transat was selling the same flight for only $160. This is something that may need more research as it reminds of the BMO Rewards travel portal where many of readers tell us the pricing found there is typically higher than booking direct with the airline…