If you've been using the same travel rewards credit card for years, odds are you can get better value from another one. A CreditCards.com survey found 21 million people never change credit cards, and 32 million more have been using the same credit card for 10 or more years. In most cases, this is without any thought as to whether other cards may have benefits that better suit their needs.

Credit card companies offer big time incentives to get their card into your hands, offering everything from free flights and hotel nights, to elite status, airport lounge access, companion flight passes, free checked-bags, insurance coverage, waived fees and more.

In the ever-changing world of credit card travel rewards, one of the newer benefits is an annual credit you can apply to any of a number of travel incidental charges to your credit card. If you've been blindly loyal to your current card, it's unlikely that you've assessed whether this flexible benefit could better meet your needs.

Although credit card sign-up bonuses in Canada are not as lucrative as those in the U.S., you can still stockpile more than a dozen round trip flights and a few free hotel nights from the sign-up bonuses offered by the credit cards listed below. As a Canadian, I earn a handful of free trips each year using this strategy alone, and I explain how ridiculously easy it is to do in this video:

Choosing a Card

With so many travel credit cards to choose from, here's an easy way to narrow which cards offer the best bang for your card:

1. Choose 3 travel benefits of most value to you.
2. Use the following grid to find the card with the best combination of those benefits.

These lists focus on cards I feel provide best overall value based on their combined sign up bonus, perks offered, and annual fee. Due to space restrictions, insurance benefits are not in the chart. But you can review any card's insurance benefits by clicking 'APPLY' and reading the insurance benefits on their website:

All cited promotions are accurate as at the time of publication.

FLIGHT REWARDS - CANADIAN RESIDENTS
Credit Card	Annual Fee Waived 1st Year?	Sign Up Bonus Points	Free Checked Bag?	Companion Pass?	Foreign Transaction Fees Waived?	Airport Lounge Access?
TD Aeroplan Infinite	No - $139	50K	Yes	No	No	$100 Nexus credit
AMEX Aeroplan	No $120	To 50K	Yes	No	No	No
BMO ASCEND World Elite	No - $150	90K	No	No	No	DragonPass
BMO Air Miles World Elite	Yes	3000 Air Miles	No	No	No	Dragon Pass
Scotiabank Passport Visa Infinite	No $150	40K	No	No	Yes	No
RBC British Airways Infinite	No - $165	60K Avios	No	Yes must charge 30K/yr	No	No
RBC Westjet World Elite	No - $119	$450	Yes	1x/yr	No	No
TD 1st Class Travel Infinite	Yes	100K	No	No	No	Priority Pass Discount

HOTEL REWARDS - CANADIAN RESIDENTS
Credit Card	Annual Fee Waived 1st Year?	Sign Up Bonus Points	Free Checked Bag?	Companion Pass?	Foreign Transaction Fees Waived?	Airport Lounge Access?
AMEX Marriott BONVoY	No - $120	50K	1 Free ngt/yr	Upgrade if available	No	No

Managing your Cards

Some cards offer point multipliers on purchases made from specific vendors in addition to charges for fuel, restaurants and travel purchases. If you have multiple cards (and I recommend you do, and that you keep them in different places in case you lose one), you should know before you make any purchase which card will yield the most points for that specific purchase.

To fast track your points earnings, charge everything you can to your credit cards to earn points per dollar spend as long as you can afford to pay your credit card balance in full each month. If not, any interest you pay will more than offset the value of any points you earn. You can even double dip by charging purchases to vendors that offer points (like Air Miles) for purchases.

Sign-up Bonuses

To collect a sign-up bonus, you generally have to charge a pre-set amount to your credit card within a certain timeframe. This is called 'minimum spend'. Terms vary by card which require on average $3,000 in charges in the first three months. Business and platinum cards offer bigger sign-up bonuses, and have higher annual fees and minimum spend thresholds. Here are some tips to help you meet your minimum spend requirements:

1..Don't apply for another card until you hit your current card's minimum spend requirement.

2..Charge everything to your card as long as you can pay it off in full each month.

3..A secret way to charge rent, tuition or income tax payments to your credit card is to use Chexy which links to your credit card and then issues payments via e-transfer.

4..If you travel for work, charge all work-related travel expenses to your credit card, and have your employer reimburse you for those expenses to collect points for dollars spent on business travel.

Annual Fees

Most travel credit cards worth having charge an annual fee. Some cards waive this fee for the first year to lure you to sign-up, but a little known way to avoid paying annual fee on subsequent years is to call customer service shortly before your card's anniversary date, and say you want to cancel your card. Agents almost always try to keep you by offering to waive the annual fee or offer free points as an incentive to stay.

Get U.S. Credit Cards with Bigger Bonuses 

U.S. travel rewards credit cards offer significantly higher sign up bonuses than those in Canada, so Canadian credit card points guru Ricky Zhan went to the nth degree to find a way Canadians can get U.S. credit cards, and the mega sized bonuses that come with them. Although it isn't easy, and may entail some 'grey' area tactics, Ricky walks you through his blueprint in this video:

To browse my list of top U.S. travel rewards credit cards cards Click Here.

Once feeling unable to afford to travel, Russell Hannon uses lean principles to travel at a fraction of the going rate. He has been featured on CNBC, FOX,, CBS, America Tonight, CTV, CBC, Around the World Travel TV and nationally broadcast lifestyle and personal finance shows. He also wrote 'Stop Dreaming Start Traveling: The Ultimate Guide to Traveling More and Spending Less'.