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What Credit Card(s) do you use?
March 30, 2017
7:58 pm
Loonie
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Twotons is not talking about Airmiles, which is a trademark of Loyalty Management Group Corp. They are talking about the points systems of the various airlines, such as Aeroplan. The two are not numerically comparable.
I think this is the source of the confusion.

April 4, 2017
7:11 am
dentgal
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I also prefer the cards with travel rewards. For many years, I was loyal to CIBC Aeroplan, but found that: 1. it was almost impossible to get a flight at a day/time that you want 2. the taxes cost more than a regular ticket. So, I ditched the CIBC and switch to BMO world elite--but not the cashback. I got a bonus when i registered for the card. You can book any airline/anytime but you need to do it through their designated phone number--you can't book online yourself. You also get 2 airport lounge passes per year with the BMO world elite.
I also used to like the TD infinite (you can use the points for anything travel related, including taxes, and simply apply online to apply your points towards cash on your visa card to offset your travel booking) but they devalued the value of the points, so I ditched it for a new TD aeroplan--also getting a welcome 25,000 points, and there was a contest in the branch and i got an additional 25,000 points. Aeroplan has improved so I don't mind having this card as a secondary--and I get it for free from TD since I have a savings account and chequing account with them. I guess it's personal preference--cashback or travel rewards. I feel like this forces me to take vacations, and it's fun to feel like you're travelling for free! And, of coure, I pay for everything on my cards to get as many points as possible!

April 4, 2017
7:30 am
Top It Up
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dentgal said

"Aeroplan has improved so I don't mind having this card as a secondary..."   

REALLY ... I find Aeroplan to be nothing short of PATHETIC, these days.

What's improved since you held a CIBC Aerogold card?

April 19, 2017
5:49 pm
Twotons
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If anyone is looking at a Scotiabank credit card, check out ratesupermarket.ca https://www.ratesupermarket.ca/deals to pick up an additional $50 to $75 bonus.

April 20, 2017
10:14 am
mmlt
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2of3aintbad said
The new PC world elite MC, if you want a no fee card and do a lot of shopping at SDM and No Frills/Loblaws/Valumart family. 3% at those stores, in PC points added within a few days. There are also car rental, extended warranty, and some travel insurance benefits.  

Wife and I have this card. Only glitch we've had is having to preauthorize purchases over a $1000. Not overjoyed the first time a purchase was refused. Don't mind now that we know and its a good safety feature.

We also have CIBC dividend visa. Good solid card. No fuss and no mess. Had it decades.

May 23, 2017
6:45 pm
User230
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I currently use Tangerine MasterCard, AMEX Simple cash back card, and Costco Card mostly. Amazon Visa for fx fee avoidance.

I'm getting the Rogers card soon in the mail.

I might make it my main (1.75% on everything) and have one other card for backup (probably Amex, 1.25% for insurances or if Rogers card doesn't work for some reason). If I really love it.

If I don't. I'll go Tangerine grocery (2%), Canadian Tire (2%) and transit (for tolls, 2%). Costco Master card gas (2%), Restaurants (3%). Amex Simply Cash for anything that needs insurance (1.25%). Rogers for everything else (1.75%) and fx fee avoidance effectively (1.5%).

I don't use travel perks so cards that are full of travel perks aren't interesting. You know the world elite stuff. They give a range between 1 and 4%. But if I was interested in just percent than I'd go with the no annual fee GMC Visa at 5% to a limit and than 2% after.

So, that left me with Rogers. Close to 2% at 1.75% and good for avoiding fx fees. I don't need to worry about hitting a 0.5% category. Don't need to worry about a high yearly fee. If it's got a good website and CS. I'm set 😀

May 23, 2017
9:32 pm
AltaRed
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mmlt said
We also have CIBC dividend visa. Good solid card. No fuss and no mess. Had it decades.  

+1 Since 1973 for me.

May 23, 2017
11:20 pm
moneyhelp
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User230 said
I currently use Tangerine MasterCard, AMEX Simple cash back card, and Costco Card mostly. Amazon Visa for fx fee avoidance.

I'm getting the Rogers card soon in the mail.

I might make it my main (1.75% on everything) and have one other card for backup (probably Amex, 1.25% for insurances or if Rogers card doesn't work for some reason). If I really love it.

If I don't. I'll go Tangerine grocery (2%), Canadian Tire (2%) and transit (for tolls, 2%). Costco Master card gas (2%), Restaurants (3%). Amex Simply Cash for anything that needs insurance (1.25%). Rogers for everything else (1.75%) and fx fee avoidance effectively (1.5%).

I don't use travel perks so cards that are full of travel perks aren't interesting. You know the world elite stuff. They give a range between 1 and 4%. But if I was interested in just percent than I'd go with the no annual fee GMC Visa at 5% to a limit and than 2% after.

So, that left me with Rogers. Close to 2% at 1.75% and good for avoiding fx fees. I don't need to worry about hitting a 0.5% category. Don't need to worry about a high yearly fee. If it's got a good website and CS. I'm set 😀  

Unless you're a Rogers customer, I would rather get the FIDO master card only because there is no annual fee. They both are 4% on Foreign transactions, which gives you a net 1.5% cash back after paying the 2.5% Fx fee. The Rogers offers 1.75% all Canadian purchases, but considering the annual free, unless you're a Rogers customer, I'd rather have the FIDO card instead.

May 24, 2017
3:36 pm
User230
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moneyhelp said

Unless you're a Rogers customer, I would rather get the FIDO master card only because there is no annual fee. They both are 4% on Foreign transactions, which gives you a net 1.5% cash back after paying the 2.5% Fx fee. The Rogers offers 1.75% all Canadian purchases, but considering the annual free, unless you're a Rogers customer, I'd rather have the FIDO card instead.  

True. I just got the Rogers because first year is free (regardless if customer or not). If I find out I spend enough to keep it I will. Otherwise will transform it to a Fido card later on.

May 24, 2017
4:13 pm
djino
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If you are spending at least $11,600 annually (=$966.67/month) then you are still better off with the Rogers card even if you need to pay the $29 annual fee.

If you are under that amount, then you are better off with the Fido card.

Djino

User230 said

True. I just got the Rogers because first year is free (regardless if customer or not). If I find out I spend enough to keep it I will. Otherwise will transform it to a Fido card later on.  

May 24, 2017
6:18 pm
User230
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Yes, I know. Thanks for breaking it down in months though. Below is calculation.

29/.0025 =11,600

I think I might be there. Not sure.

If I go with Fido. I'd likely still cut some of my cards. I'd just keep 3-4 cards and not the 2 I'm hoping to go with.

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