What is your favorite reward credit card?

[sabad66]

There will never be a no fee 2% CB Visa/MC. Canadian gov convinced Mc and visa to lower their average interchange rates to I think around 1.4% so that’s why they have all cut the benefits. It’s just impossible for the banks to make money on it with the lower interchange.

The MC Muse cards will be interesting when they are launched and possibly better than 2% benefits, but they won’t be no-fee and will have high income/spend requirements

[Cagare]

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I think it depends. If you have grossly disproportionate spending on groceries, gas, or at certain stores, there are cards that will net you more rewards than a flat %. I think for most people a flat % is better, but I am not sure what the best one is right now.

Scotiabank Momentum Visa is still 4% back on groceries and recurring bill payments. They dropped on gas down to 2%, so I do WJ MC paired with Petro-Points to get 1.5 cents per liter, then another 1.5% on top in Westjet dollars.

The Amex Simply cash sounds better, but only slightly. Damn rules on all these cards change just after I get them.

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There will never be a no fee 2% CB Visa/MC. Canadian gov convinced Mc and visa to lower their average interchange rates to I think around 1.4% so that’s why they have all cut the benefits. It’s just impossible for the banks to make money on it with the lower interchange.

The MC Muse cards will be interesting when they are launched and possibly better than 2% benefits, but they won’t be no-fee and will have high income/spend requirements

Ok, this is why this all has happened. Or at least part of the reason.

[arcticcat522]

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We have perfect credit history (as far as I know haha) and our other cards were given $15-20K limits by default. For some reason our joint card was only $5K and we use it to book trips, so it's super annoying. I'll just give them a call I guess. Still need to find a new card, I have not been very happy with Rogers especially since they ruined the card in June.

They seem to be sticky with the limit. Same happened to me when I first got it. Had the card since it came out and my limit is still only 20k. Excellent credit and use the card frequently.

[cyra1ax]

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I thought the BRIM cards improved from what they were initially announced with, I'll have to take another look though. Before, I remember they had some ridiculous restrictions/maximums on rewards but I thought that got relaxed a bit. I really don't know, I'll have to do some reading.

Yup, BRIM or Home Trust for a fx/travel card.
Personally I went with Brim and like it so far.

[birdman86]

Anybody know anything about the MCO Visa? Just saw it advertised on Instagram, Redditors seem to like it. Rebates Netflix and Spotify for no fee it looks like?

[flipstah]

Did anyone apply/have Neo Financial card? Is it any good?

[shakalaka]

I wanted to cancel my AMEX Platinum since no travel is happening anyway and I don't use any of the other perks, but I forgot and got dinged the yearly renewal of $700 in November. Guess I am keeping it for another year.

[killramos]

Yea Visa is definitely getting last laugh this year from me.

[blainer]

Did anyone apply/have Neo Financial card? Is it any good?

It's alright, I have to keep on top of which merchants are partners with the app so before paying I take the 10 seconds to open up the app and check. As an example, Safeway is a partner so I know to use it there for the weekly grocery shop, little more annoying for mom and pop/local retail shops.

For added context, I have a Capital One World Elite and this so I shift between the 1.5% Capital One rewards points and Neo rewards depending on which is greatest. In addition, Capital One isn't compatible with Apple Pay so it's my go to in those instances where I forget my wallet.

Ultimately, I'm not convinced I'm the target market for this card since the rewards are so variable and I have a card that provides across the board consistent rewards. The UX is great and super simple in terms of applying, notifications, payment reminder, etc.

[roopi]

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I wanted to cancel my AMEX Platinum since no travel is happening anyway and I don't use any of the other perks, but I forgot and got dinged the yearly renewal of $700 in November. Guess I am keeping it for another year.

Some cards let you cancel within a month of the annual fee being charged. Give them a call you have nothing to lose.

[D'z Nutz]

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I wanted to cancel my AMEX Platinum since no travel is happening anyway and I don't use any of the other perks, but I forgot and got dinged the yearly renewal of $700 in November. Guess I am keeping it for another year.

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Some cards let you cancel within a month of the annual fee being charged. Give them a call you have nothing to lose.

And some cards will refund you the balance of the year you don't use too.

I had a credit card with an annual fee that I never used and I kept forgetting to cancel it. Last year I was on top of it and cancelled the month before the renewal and I ended up getting money back for that month I didn't use. If only I had known that years ago!

[flipstah]

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Yea Visa is definitely getting last laugh this year from me.

But the new Aeroplan cards just came out!

Also thanks @blainer ; sounds like Neo card is bougie

[LilDrunkenSmurf]

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Did anyone apply/have Neo Financial card? Is it any good?

I have it. Haven't used it yet. The terms are a little ridiculous to follow. For example, on my first order at Euphoria Cafe, I get 8% back, but subsequent purchases are less. I can get 4% back on spotify. You can search for partners in the app, but every one is different.
Also, they really push the "savings account for 1.7% interest", but I have yet to find a way to open it via the app, or the site. I'm too lazy to reach out to support.

[bjstare]

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sounds like Neo card is bougie

No fees? Not even made of metal? Isn't that the opposite of bougie?

[ExtraSlow]

So seems like I am spending more money at Canadian Tire, marks, sport check. Probably worth having a triangle card. Like my BMO WJ card, and one day, I think I'll make good use of the points eventually.

Any whoo, triangle world elite? Yeah?

[sabad66]

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So seems like I am spending more money at Canadian Tire, marks, sport check. Probably worth having a triangle card. Like my BMO WJ card, and one day, I think I'll make good use of the points eventually.

Any whoo, triangle world elite? Yeah?

Yes. It’s an excellent card and no yearly fee so no downside really. It has a really cool feature where you can finance purchases of $250 or more for 2 years no interest

You can also pay property taxes with it and get 1% CT money back.

[ExtraSlow]

Cool cool. I am approved. Be nice to get 1% off my property taxes.

[94boosted]

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Yes. It’s an excellent card and no yearly fee so no downside really. It has a really cool feature where you can finance purchases of $250 or more for 2 years no interest

You can also pay property taxes with it and get 1% CT money back.

Is that specific to the Triangle World Elite? I had no idea you could pay prop tax on a CC, FML.

[sabad66]

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Is that specific to the Triangle World Elite? I had no idea you could pay prop tax on a CC, FML.

It’s specific to triangle WE. I’m sure there might be other cards out there that allow you to do this but it’s definitely not a standard feature on most cards

[benyl]

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It’s specific to triangle WE. I’m sure there might be other cards out there that allow you to do this but it’s definitely not a standard feature on most cards

Holy fuck, why did I not know this?