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Hunting for new credit card!
January 5, 2017
5:19 pm
Yas
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January 3, 2013
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I started hunting for 1 or 2 new credit cards to take benefit of the bonus and maybe good points. I am mostly concentrating on Travel Credit Card. So far have below in my radar. Anyone can recommend one over the other? They all seam appealing. Good Welcome Bonus. High Points. Good benefit. Maybe I only consider the ones with 1st year fee waiver.

Scotiabank®* Gold American Express® Card (Reward 4%, Annual Fee $99)
Earn 20,000 Scotia Rewards bonus points, worth $200 in travel, with $750 in net purchases in first three months. Plus, first year $99 annual fee waiver.
Earn 4x Scotia Rewards points for every $1 you spend at gas stations, grocery stores, on dining and entertainment
https://www.ratesupermarket.ca/credit_cards/scotiabank/scotiabank_gold_american_express_card

TD Platinum Travel Visa (3%, Annual Fee $99)
15,000 TD Points upon approval, 3 TD points earned for every $1 spent on card.
https://www.ratesupermarket.ca/credit_cards/td_canada_trust/td_platinum_travel_visa

CIBC Aventura® Visa InfiniteTM (1 - 1.5%, Annual Fee $120)
15,000 Bonus Aventura Points on first use of card.
Earn 1 Aventura Point for every $1 spent.
Earn 1.5 Aventura Points at gas stations, grocery & drug stores.
https://www.ratesupermarket.ca/credit_cards/cibc/cibc_aventura_visa_infinite

Capital One® Aspire Travel™ World Elite MasterCard® (2%, Annual Fee $150)
Earn 2 reward miles for every $1 – on all purchases
Get 40,000 bonus reward miles when you spend $1,000 on net purchases in the first 3 months after account opening – a value of $400 in travel
https://www.ratesupermarket.ca/credit_cards/capital_one/capital_one_aspire_travel_world_elite_mastercard

American Express Gold Rewards Card (1%, Annual Fee $150)
New American Express® Gold Rewards* Cardmembers can earn a Welcome Bonus of 25,000 Membership Rewards® points just by making $1,500 in purchases in the first three months of Cardmembership.
No Annual Fee for the first year; $150 Annual Fee thereafter*
That's enough to redeem for a round-trip Fixed Mileage Flight Reward TM* to almost anywhere in North America.
** This is a charge card and need to be paid in full every month.

Note: I never had American Express credit card.

Thank you

January 5, 2017
5:31 pm
Top It Up
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"Note: I never had American Express credit card."

As a frequent traveller to Europe AMEX cards are one of the least accepted credit cards, if they're accepted at all.

January 5, 2017
5:42 pm
Yas
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Top It Up said

"Note: I never had American Express credit card."

As a frequent traveller to Europe AMEX cards are one of the least accepted credit cards, if they're accepted at all.

Thanks for your feedback. I don't have intention to actually use it abroad. My Amazon Visa is the one I always use to avoid the exchange fee. I am mostly interested in the bonus. My round trip flight to Mexico was $355 in Dec 2016. Maybe I could get a free flight or use the point to redeem instead of paying the full price! Just dreaming for now!

January 5, 2017
5:45 pm
Yas
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From all other credit cards, I just found good value on Scotia Momentum® VISA* Infinite Card for their 4% cash back and waived fee for the 1st year.

I also wonder, when do people usually cancel their credit cards? I currently have 3 card but only use 2 of them. Adding another 2 would be a headache which means I might cancel my RBC MasterCard which I only use once a year! I haven't canceled it only because they gave me a crazy high balance which might come handy at one pointsf-cool.

January 6, 2017
12:06 am
Loonie
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October 21, 2013
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I can't comment on your short list, but, yes, you should consider cancelling one or more of your credit cards. Whatever credit limit you have on them counts against your credit possibilities and affects your credit rating. However, that said, I would want to make sure I always had the amount of credit available that I thought I might need for an unlikely but possible eventuality.. So, I would aim to eventually get rid of the RBC, once you have enough credit on other cards to cover you. Or perhaps RBC could transfer you to a more desirable card and retain your credit limit with them. You may be able to voluntarily reduce your credit limit with RBC whenever you get a bit more credit elsewhere, and eventually get rid of it that way.

January 6, 2017
6:31 am
Koogie
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Yas said
From all other credit cards, I just found good value on Scotia Momentum® VISA* Infinite Card for their 4% cash back and waived fee for the 1st year.

+1 That is the card we use for all groceries/gas.
Also have the Amazon Chase card for travelling and for buying stuff on Amazon. The last card is the MBNA Smart Cash.

Between the three of them, we are averaging between 800 and 1000$ total cashback a year.
Give me that any day over all the phoney baloney "points" systems.

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