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Email this1:32 pm
June 10, 2020
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Never mind. I just did some research via the internet. Apparently it was an email on May 1. I found it in my email. I guess I ignored it before.
Thanks, Briguy, for making me aware of it.
5:00 pm
November 8, 2021
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Doug said
All other cards offered by the other four Big Banks + HSBC Canada and Manulife Bank are sheer garbage.
Those who have a Tang savings account get 2% cash back on three spending categories (the rest 0.5%) deposited to the account at the end of each cycle. Not sure if AMEX pays it monthly or at the end of the year, and if it's a credit posted to the account.
Laertes said
What? WHAT??? 3% for groceries? When did this start? How did I not know about this? Did you get an email or anything? Is it a personalized offer for you?
BMO has a cashback MC with 3% on groceries only, the rest is 0.5%. Cashback is redeemable once you accumulate $25.
7:19 am
December 12, 2009
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BlueSky said
Those who have a Tang savings account get 2% cash back on three spending categories (the rest 0.5%) deposited to the account at the end of each cycle. Not sure if AMEX pays it monthly or at the end of the year, and if it's a credit posted to the account.
That is true, yes, and it would be an excellent card if previous CEO Brenda Rideout, arguably Tangerine's worst CEO, had not devalued the "all other purchases" reward value ratio from 1% to 0.5%. For me, earning less than 1% is a dealbreaker and I wouldn't want to inadvertently earn 0.5% because of some weird way a merchant is categorized. I haven't closed my card, and may use it for absolutely certain 2% merchants, but it does require added work to manage your spend across multiple cards.
American Express SimplyCash earns 1.25% on all other purchases and at least 2% in gas and groceries (unlimited for gas). It's not paid monthly to your credit card. Rather, it's a separate rewards balance you can redeem at any time. So it's sort of a hybrid between paying to your credit card or to a savings account. 🙂
Cheers,
Doug
7:24 am
November 18, 2017
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BlueSky: Amex pays cash rebates annually, in September last I looked.
RetirEd
RetirEd
6:57 am
March 8, 2018
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I am heading to southeast asia, Thailand , Vietnam...
I am thinking of bringing the EQ prepaid card to withdraw cash when needed from the ATM of a foreign bank. As I read there are no withdraw fee and no FX fee on the EQ side, then the only fee I may need to pay is the withdraw fee charged by the ATM foreign bank. Do I understand that correctly?
I am also bringing the HSBC WE mastercard for any larger purchase as there is no FX fee.
Any comment or suggestion would be appreciated.
5:30 pm
December 12, 2009
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HISAhopper said
I am heading to southeast asia, Thailand , Vietnam...
I am thinking of bringing the EQ prepaid card to withdraw cash when needed from the ATM of a foreign bank. As I read there are no withdraw fee and no FX fee on the EQ side, then the only fee I may need to pay is the withdraw fee charged by the ATM foreign bank. Do I understand that correctly?
I am also bringing the HSBC WE mastercard for any larger purchase as there is no FX fee.
Any comment or suggestion would be appreciated.
Yes, that's right. Note MasterCard International does build about a 1% foreign exchange margin into their posted foreign exchange rates, but EQ Bank does not charge any additional FX spread beyond what MasterCard International charges.
The issue you may run into going to third-world countries like Vietnam and Thailand is your card simply not working, so I recommend having cash on hand and a third credit card, probably a Visa (or two). At the end of the day, if push comes to shove and that's the only card you can use, better to use it and pay a bit of a fee. 
Cheers,
Doug
8:28 pm
November 3, 2022
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I would add to that strategy to only use your EQ card in an ATM that is inside a real bank, and only at an hour when the bank is open. That way, if the machine eats your card (which happened to me in a stand alone machine in a dusty corner of Chiang Mai), you will stand a better chance of getting your card back.
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