For rewards enthusiasts, paying an annual fee is becoming more common. Here are the top 5 highest annual fee credit cards available in Canada. "You're probably asking yourself, "why would anyone want a high fee card?". Well, for those who travel every week or businesses that spend hundreds of thousands every month, the benefits of the credit card far outweigh the annual fee. Depending on how you use your card, and what rewards you're seeking, a credit card with an annual fee might actually be a better option!
$180 - American Express Business Gold Rewards
For business or pleasure, earn Membership Rewards points to book virtually any trip, anytime through Amex Travel Services. Get 25,000 bonus points; enough for a ticket almost anywhere in North America.
$165 - British Airways Visa Platinum
The only credit card in Canada that allows you to earn BA Miles towards international reward travel with every purchase you make. 10,000 bonus British Airways Miles upon enrollment.
$150 - Cathay Pacific Visa Platinum
For those that fly to Asia frequently, the Cathay Pacific card allows you to earn Asia Miles towards international flights to over 900 destinations, upgrades, and more. 5,000 Bonus Asia Miles upon enrollment.
$120 - Delta SkyMiles® World MasterCard
The Delta SkyMiles rewards program is one of the longest running reward programs in the travel industry. Get 25,000 bonus Delta miles with first purchase which will put you well on your way to a free flight.
$120 - Aspire™ World MasterCard®
You’ll earn 2 reward miles for every $1 – on everything you buy, with this reward miles credit card. Get 35,000 bonus reward miles on your first purchase and 10,000 anniversary bonus reward miles every year.
Know of any other high annual fee credit cards? Post them in the comments!
I think you forgot the mother of all annual fees with the Amex Centurion black card. I’ve heard the annual fee is around $5000!
$2,500 CDN a year, according to the Wikipedia entry. The Amex Centurion card is available by invitation only, and the T&Cs are not available online so I can’t verify. I’d love to hear from a cardholder though!