O/T Best cashback credit card
05-24-2018, 10:57 AM
#1
Race Car
Thread Starter
O/T Best cashback credit card
My business Mastercard gives me nothing and I spend a couple of grand each month,
What's everyone using?
What's everyone using?
05-24-2018, 11:19 AM
#2
My home internet and mobile phone services are with Rogers/Fido, so I opted for a Rogers Bank Mastercard. It offers a cashback which you can use directly to pay your Rogers/Fido bill, or spend the balance on hard goods at the Rogers/Fido stores. I ended up putting the "cashback" rewards towards a new iPhone, so that was a nice perk. Otherwise, there are better ones out there. Of my credit cards, I actually use the Mastercard the least.
05-24-2018, 12:23 PM
#3
Race Director
MBNA Rewards World Elite Mastercard w/2% Cashback on everything from day 1.
https://rewards.mbna.ca/worldelite?src=DAAU81
It was the MoneySense winner a few years running.
http://www.moneysense.ca/spend/credi...it-cards-2017/
https://rewards.mbna.ca/worldelite?src=DAAU81
It was the MoneySense winner a few years running.
http://www.moneysense.ca/spend/credi...it-cards-2017/
05-24-2018, 05:27 PM
#4
Burning Brakes
My wife and I each signed up for TD Infinite Visa cards 3 months apart. The reason for the 3 months was that with a new card you get 9% cash back on all gas, groceries and reoccurring bill payments, 1% on everything else for the first 3 months. Having TD bank accounts we don't have any fees for these cards and we stand to get approximately $350-$400 per card in cash back in the first 3 months. After 3 months they go to 3% on gas, groceries and reoccurring bill payments, 1% on everything else.
We received $140 just for putting our Hagerty car insurance on as a reoccurring bill payment and then we'll see $45 per year after that.
That's the best deal we've ever experienced with a loyalty system!
We received $140 just for putting our Hagerty car insurance on as a reoccurring bill payment and then we'll see $45 per year after that.
That's the best deal we've ever experienced with a loyalty system!
05-25-2018, 09:31 AM
#5
Instructor
Join Date: Apr 2014
Location: Niagara
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I second the TD cards. We use the Business travel card for our business. I think you get double points or something on all "travel" purchases. They define travel as anything outside your original postal code. It basically pays for a trip per year for us. ( I'm talking Europe, not Travelodge at the Falls lol)
05-25-2018, 09:41 AM
#6
I have spent quite a bit of time analyzing credit cards. My wife and I now use two cards
- Scotiabank Momentum Visa Infinite (4% on gas/groceries, 2% on reoccurring payments, 1% everything else)
- MBNA Rewards World Elite Mastercard (2% on everything)
05-25-2018, 12:27 PM
#7
Instructor
Join Date: Apr 2014
Location: Niagara
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I forgot, We also use the PC world elite card for personal stuff. 3% at Esso, Shoppers and Loblaws and a couple other places. It usually gives us an extra $500 or so per year. The points add up fast and the website for tracking rewards is pretty easy to use.
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05-25-2018, 04:27 PM
#8
Rennlist Member
MBNA Rewards World Elite Mastercard w/2% Cashback on everything from day 1.
https://rewards.mbna.ca/worldelite?src=DAAU81
It was the MoneySense winner a few years running.
http://www.moneysense.ca/spend/credi...it-cards-2017/
https://rewards.mbna.ca/worldelite?src=DAAU81
It was the MoneySense winner a few years running.
http://www.moneysense.ca/spend/credi...it-cards-2017/
05-27-2018, 08:42 AM
#10
Depends on what your needs are.
I have a Home Trust Visa that I use for all my USD purchases because there is no forex fee (2.5% for most cards). No annual fee and 1% cash back on all purchases.
CIBC Visa Infinite for cash back and it provides out of province medical for me and entire family.
Westjet MC for the annual companion flight ($99 for anywhere in North America). Have the Costco MC as well which is just collecting dust since I got the Westjet one. Will likely dump the Costco one soon.
I have a Home Trust Visa that I use for all my USD purchases because there is no forex fee (2.5% for most cards). No annual fee and 1% cash back on all purchases.
CIBC Visa Infinite for cash back and it provides out of province medical for me and entire family.
Westjet MC for the annual companion flight ($99 for anywhere in North America). Have the Costco MC as well which is just collecting dust since I got the Westjet one. Will likely dump the Costco one soon.
05-27-2018, 03:22 PM
#12
Track Day
Join Date: Nov 2009
Location: Guelph
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+1 on MBNA world elite. 2% back on everything. Business expenses are primarily airfare, hotels and rental cars- works well for these expenses. Gas and grocery cards just don't work for me as well.
05-27-2018, 08:52 PM
#13
Rennlist Member
I have the BMO world elite, only 1.5%, but fees are waived on both our cards. Also like that it's integrated to BMO online banking - which is where we do our daily/transactional stuff.
Clearly leaving a few dollars on the table, so will look into the MBNA. At low spend levels it's fairly close, but can definitely add up when you're ballin'
Thanks for the tip!
Clearly leaving a few dollars on the table, so will look into the MBNA. At low spend levels it's fairly close, but can definitely add up when you're ballin'
Thanks for the tip!
05-28-2018, 04:10 AM
#14
Rennlist Member
Depends on what your needs are.
I have a Home Trust Visa that I use for all my USD purchases because there is no forex fee (2.5% for most cards). No annual fee and 1% cash back on all purchases.
CIBC Visa Infinite for cash back and it provides out of province medical for me and entire family.
Westjet MC for the annual companion flight ($99 for anywhere in North America). Have the Costco MC as well which is just collecting dust since I got the Westjet one. Will likely dump the Costco one soon.
I have a Home Trust Visa that I use for all my USD purchases because there is no forex fee (2.5% for most cards). No annual fee and 1% cash back on all purchases.
CIBC Visa Infinite for cash back and it provides out of province medical for me and entire family.
Westjet MC for the annual companion flight ($99 for anywhere in North America). Have the Costco MC as well which is just collecting dust since I got the Westjet one. Will likely dump the Costco one soon.
05-31-2018, 10:59 AM
#15
I use MBNA Word Travel for everything purchased in Canada. No fee and 2% cash back on everything.
For foreign purchases or any purchased from outside of Canada, I use the Roger's Word Elite. 4% on all foreign currency transaction (2.5% fee) for an effective 1.5% back.
For foreign purchases or any purchased from outside of Canada, I use the Roger's Word Elite. 4% on all foreign currency transaction (2.5% fee) for an effective 1.5% back.