Good Credit Card to apply for? I am in the midst of applying for a credit card probably with BMO to grab myself some airmiles. I am looking for some recommendations or if anyone has seen any deals while signing up (Ie: get 500 airmiles with signing up now etc. |
if ur a student, you can get the bmo SPC credit card for free. Gives you cash rebates too but its little. And discounts at stores, however the SPC card has an expiry date, they only help you pay for it once. You have to buy the spc card if you want it again. |
i got the rbc mastercard 2% cash back and the rbc avion platnium for my travelling |
Bmo spc mastercard good for students. If u wanna get one let me know! |
Can someone educate me how does getting airmiles help you to get flight tickets? I'm in debate to pick rebate rewards or travel cc |
MBNA SmartCash Platinum Plus 3% cash back for groceries and gas, 1% for everything else they send you a cheque for $50 everytime you hit that cash back amount |
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it's the current advert on RS at the top too :lawl: first 6 months I believe it's 5% & 3% but I could be wrong |
For people who have TD and thinking of applying for MBNA since TD Bank bought it out... TD Canada Trust - TD Bank Group completes MBNA asset purchase |
Visa Black Card - buhuh! |
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Each card has its own benefit, which one is the best for you, I have no clue. |
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Also, the card has no annual fee. I don't think there is any other cash back card that has no annual fee. |
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However RBC is probably the 2nd top for having 2% cash back for grocery and 1% for others. |
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Keep in mind a lot of those "points" travel have expiry dates to it. I know AsiaMiles have it for sure. I believe Aeroplan points do too. I'm using TD First Class. 3 pts for every $1. Every 10,000 points is $50 to spend towards travelling. Never expires. And you can apply the money to expedia or any travel agency that's cheap. It does have annual fee of $120. But if you open a select service chqing account and have $5000 in there. ALL fees will be waived. Free Chqing, free CC, free safe deposit box, free us visa, free money drafts. |
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Sounds like a lot of points but I literally throw everything on my credit card, plus I'm able to expense things for work using my credit card. |
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imo travel reward cards are a waste of money if you dont spend alot (students, normal consumers), but if you own a business and buy inventory with the card, cha-ching $$ |
I've had the MBNA Smart Cash for 3 years now. Never looked back. No annual fees. 3%/1% cash back. This wins. I now have the World version of the card. It's even better with lots of features. Price protection, concierge, etc. |
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For the 74000 point I think it probably took me just over a year? Keep in mind I expense a LOT of things for work so it goes on the card and I get a check back for it. Out of that I'd say 30,000 points is from work, and the rest are just everyday spending, bills, etc... I also own Canucks Season tickets so every year it's an automatic $8+k for the season + $4500ish for playoffs, so right there it's an easy 12500 points right there. What helps is putting on large items like insurance, Internet/cable bills, large dinners etc on your card instead of paying cash. For me getting flights are more important then cash back or other types of rewards, I think you just have to decide what's more important to you. |
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RBC's cash back card, for example, will only give you your "cash" back in the form of a credit on your cc statement. |
RBC Rewards cash , travel , merchandise $1 = 1point $39 annual fee when you need to travel , ugprade to avion ($120 fee - less what you paid for original) to get better point redemption rates and you can downgrade after 8 mo's :) can redeem 36,000 points for RBC line of credit "credit" - thats $300 free cash provided you have a RBC LOC. |
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Like you have to do comparisons of what type of travel you prefer. Using blum's figure of 74,000 points. I assume it costs you $74,000 to get it. I don't know where did you go? Compare it to the TD first class, that would be equivalent to $1,100.00 ($74,000 x 3 points / 10,000 x $50) for you to spend on travel, hotel, car rentals. So it really depends...I personally notice my TD one is better suited for domestic traveling like Canada or the US. It's not that as competitive if I were to travel to Hong Kong and i have to use Asia Miles. Speaking of Asia Miles, you have to do your booking really early or their "asia miles" seats are sold out. |
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Never carrying a balance and receiving checks in the mail from my credit card company feels REAL good :) |
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