The travel and rewards space moves fast, and this week delivered a notable mix of premium card launches, shifting value propositions, and strategic opportunities for savvy travellers. Here are the key updates you should know.
1. A New Ultra Premium Player Enters the Market: Bilt Palladium
February opened with a surprise for points enthusiasts, the launch of the Bilt Palladium card. This is not a mass market product, and early reactions have been mixed. The structure is unconventional, and it will not appeal to everyone at first glance.
That said, early adopters digging into the details are finding something interesting. In very specific, high value spend scenarios, the return on spend can be genuinely compelling, particularly for renters and high monthly spenders who already optimise within the Bilt ecosystem.
This card signals something bigger. Premium travel cards are no longer just about lounge access and metal designs. Issuers are clearly experimenting with tighter, more targeted value for a smaller, more sophisticated audience.
2. Capital One Venture X Keeps Its Crown
In an increasingly crowded premium card space, the Capital One Venture X continues to stand out. It was recently named the 2026 Best Travel Card of the Year, largely due to its strong mix of perks, annual value, and simplicity.
Between lounge access, flexible points redemptions, and an annual travel credit that is easy to use, the Venture X remains one of the few premium cards that can realistically pay for itself for frequent travellers.
For anyone considering stepping into the premium card tier for the first time, this remains a benchmark card worth comparing everything else against.
3. Major Travel Disruption: Cuba Power Outages
International travelers should be aware of a significant crisis in Cuba. As of February 6, 2026, widespread power outages and hotel closures have prompted the Canadian government to issue a “High Degree of Caution” advisory. Air Canada has implemented a flexible rebooking policy through February 25, 2026, for passengers traveling to airports including Varadero (VRA) and Cayo Coco (CCC)
4. Loyalty Program Shifts: Aeroplan and Air Miles
Significant changes to Canadian loyalty programs went into effect this year that are now being felt by travelers:
Aeroplan Revenue-Based Earning: As of January 1, 2026, points are earned based on dollars spent (minimum 1 point per $1) rather than distance flown. Elite status now relies on Status Qualifying Credits (SQC).
Air Miles Currency Consolidation: On January 25, 2026, Air Miles moved to a single currency, removing the distinction between “Cash” and “Dream” miles for improved flexibility.
5. European Event Alert: Milano Cortina 2026 Olympics
The Milano Cortina 2026 Olympic Winter Games are currently underway (February 6–22) in northern Italy. Travelers in the region should expect:
- Increased Security: A heavy presence of security forces in event centers.
- Logistical Delays: Major disruptions to traffic, public transportation, and large crowds.
- Identification Requirements: Local authorities may request your passport at any time.
