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Thread: What is your favorite reward credit card?

  1. #1741
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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

  2. #1742
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    Quote Originally Posted by Mitsu3000gt View Post
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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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    Quote Originally Posted by sabad66 View Post
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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.

  3. #1743
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    Quote Originally Posted by Mitsu3000gt View Post
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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.

  4. #1744
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    Quote Originally Posted by Mitsu3000gt View Post
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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.

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