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09-25-2011, 02:29 PM
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#1 | | HELP ME PLS!!!
Join Date: Nov 2004 Location: Coquitlam
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| New Petro-Canada CIBC MasterCard
Anyone got one? Do you think the savings and the points (when converted back to gas saving value) is worth while?
Also I have CIBC Visa and PC MasterCard (which is also by CIBC); would having another CIBC card be is bad thing?
Cheer~
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09-25-2011, 02:50 PM
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#2 | | RS.net, where our google ads make absolutely no sense!
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This card is getting worse as time goes by. Before the points were not needed to get the 5 cents off and you could use them for other things. Before CIBC took over the card could be used for online sports betting and BCLC.COM and you would still get points. Now that CIBC owns it you get charged $3 and interest every time.
Whether getting this card too will depend on a lot of things. What are your other cards and especially what is your other CIBC card?
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09-25-2011, 03:03 PM
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#3 | | HELP ME PLS!!!
Join Date: Nov 2004 Location: Coquitlam
Posts: 5,608
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I've calculated a return value of 1.16% for my use. So same as everything else.
__________________
"Be water, my friend." (Bruce Lee)
"I would complain about severe understeer and they would show me how it was me, the nut behind the wheel that caused the understeer." (Alex Chiu - Director of Velocity Driver Development)
"I drift not because it is a quicker way around a corner, but it is the most exciting way" (Keiichi Tsuchiya - Drift King)
"With chocolate, you know what you're gonna get and I can't always be delicious."
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09-25-2011, 03:11 PM
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#4 | | HELP ME PLS!!!
Join Date: Nov 2004 Location: Coquitlam
Posts: 5,608
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| Quote:
Originally Posted by minoru_tanaka  This card is getting worse as time goes by. Before the points were not needed to get the 5 cents off and you could use them for other things. Before CIBC took over the card could be used for online sports betting and BCLC.COM and you would still get points. Now that CIBC owns it you get charged $3 and interest every time.
Whether getting this card too will depend on a lot of things. What are your other cards and especially what is your other CIBC card? | CIBC Dividend which I never use, cuz I've read all the fine prints and found that the total return value is less than 1%. I got another Bizline from CIBC but that doesn't count for daily purchases. My President's Choice is issued by CIBC too... so I'm just thinking if having another CIBC card is a good thing or a bad thing... or nothing really.
__________________
"Be water, my friend." (Bruce Lee)
"I would complain about severe understeer and they would show me how it was me, the nut behind the wheel that caused the understeer." (Alex Chiu - Director of Velocity Driver Development)
"I drift not because it is a quicker way around a corner, but it is the most exciting way" (Keiichi Tsuchiya - Drift King)
"With chocolate, you know what you're gonna get and I can't always be delicious."
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09-25-2011, 03:30 PM
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#5 | | RS.net, where our google ads make absolutely no sense!
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In that case I would switch the Dividend to the petro card cause at least you still get 2 cent off per litre for using the card, that is if you get petro gas anyways. I don't know if you;ve included this part in your calculation. Also afaik the dividend card does not have Purchase Security & Extended Warranty Insurance which is pretty dam sweet.
Replace the dividend with this TD Cash Rewards Visa Credit Card
You start off at 1%. Also you get Auto rental collision damage waiver which is hard to get without getting a gold card. If you do need to rent cars for your business, it would save you a lot of money. I don't beleive the BIZline has this feature.
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09-25-2011, 03:43 PM
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#6 | | My homepage has been set to RS
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mbna platinum - i think 3% on gas? Posted via RS Mobile | |
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09-25-2011, 04:08 PM
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#7 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
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I only use this for gas at petro canada.
Sucks to hear that CIBC is stricter than Citibank. I remember my HSBC card didn't allow me to book flights because of their "enhanced" security features, so I used the Citibank card without any problems. Posted via RS Mobile | |
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09-25-2011, 04:10 PM
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#8 | | I answer every Emotion with an emoticon
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I was using the Petro Mastercard for years until I got a MBNA Cashback card.
So now what I do is I use just the Petro Points card to get points but use the MBNA Card to pay for the gas. I miss out on saving 2cents per L but the value of having 3% cash back is more worth while.
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09-25-2011, 04:20 PM
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#9 | | RS.net, where our google ads make absolutely no sense!
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^remember next year when gas is 66 cents that won't work anymore  | |
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09-25-2011, 04:22 PM
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#10 | | Need my Daily Fix of RS
Join Date: Jan 2011 Location: Vancouver
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Yup, I use the MBNA Smart Cash Platinum for gas and groceries, and a second card for everything else.
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09-25-2011, 04:28 PM
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#11 | | RS.net, where our google ads make absolutely no sense!
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This MBNA Smart Cash, I don't see it mention which gas stations / grocery stores, so is it any gas station / grocery store?
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09-25-2011, 04:33 PM
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#12 | | My homepage has been set to RS
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^ id like to know this as well because it says only certain ones and im curious which it really includes...u can never trust a credit card company haha Posted via RS Mobile | |
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09-25-2011, 04:33 PM
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#13 | | My homepage has been set to RS
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Originally Posted by Majestic12 Yup, I use the MBNA Smart Cash Platinum for gas and groceries, and a second card for everything else. | curious: why dont u use mbna for non groceries non gas? isnt it 1% cashback for those things? is there some disadvantage? Posted via RS Mobile | |
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09-25-2011, 05:16 PM
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#14 | | Need my Daily Fix of RS
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Originally Posted by drunkrussian curious: why dont u use mbna for non groceries non gas? isnt it 1% cashback for those things? is there some disadvantage? Posted via RS Mobile | Yes it gives 1% cash back on everything else, but there are other cards that offer higher rewards than 1% on purchases.
But.... those cards can't beat 3% return on gas and groceries, which is why I use the MBNA, but just for those things.
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09-25-2011, 06:18 PM
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#16 | | RS.net, helping ugly ppl have sex since 2001
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Every merchant has a merchant code (MCC). So long as the MCC of the place you used your credit card is under the category of "Grocery Store/Supermarket" and "Gas Station", you will get bonus points on the MBNA card.
Which is basically any gas station or supermarket. Even those tiny asian supermarkets on Victoria Dr. Lol.
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09-25-2011, 07:44 PM
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#17 | | RS.net, where our google ads make absolutely no sense!
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| Quote:
Originally Posted by minoru_tanaka In that case I would switch the Dividend to the petro card cause at least you still get 2 cent off per litre for using the card, that is if you get petro gas anyways. I don't know if you;ve included this part in your calculation. Also afaik the dividend card does not have Purchase Security & Extended Warranty Insurance which is pretty dam sweet.
Replace the dividend with this TD Cash Rewards Visa Credit Card
You start off at 1%. Also you get Auto rental collision damage waiver which is hard to get without getting a gold card. If you do need to rent cars for your business, it would save you a lot of money. I don't beleive the BIZline has this feature. | The url you posted links to a TD America credit card. We don't have this card in Canada.
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09-25-2011, 07:59 PM
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#18 | | RS.net, where our google ads make absolutely no sense!
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^ You're right I was thinking of this card Cashback Visa Cards : Cash back Visa Credit Card | TD Canada Trust
But anyways the MBNA card these guys are talking about blows them both out of the water.
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09-25-2011, 10:02 PM
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#19 | | My homepage has been set to RS
Join Date: Jul 2002 Location: Coquitlam
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| Quote:
Originally Posted by Majestic12 Yes it gives 1% cash back on everything else, but there are other cards that offer higher rewards than 1% on purchases.
But.... those cards can't beat 3% return on gas and groceries, which is why I use the MBNA, but just for those things. | Have you reviewed other cards for things like purchase protection/warranties and insurance for travel or whatnot?
I am curious what other card may be better than the 1%
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09-25-2011, 10:06 PM
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#20 | | I answer every Emotion with an emoticon
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For no annual fee cards, there's really nothing on the market that can beat the MBNA smart cash card in terms of cash back, period.
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09-26-2011, 09:43 AM
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#21 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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X2 MBNA Smart Card is the best card available (unless you want Aeroplan/Airmiles) 5% cash back on gas and groceries for first 6 months then 3% thereafter. I get a $50 cheque nearly every month. I use it for everything.
TD purchased MBNA so I hope they don't change it.
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09-26-2011, 11:42 PM
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#22 | | Banned (ABWS)
Join Date: Sep 2011 Location: Richmond
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it's the same card as the old one, jsut you get points at more locations..and the card looks nicer.
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