Credit Card Reviews

MBNA Travel Rewards Platinum MasterCard

Class Platinum
Type MasterCard
Issuer MBNA
Annual Fee $89
Interest Rate 18.99%
Min. Income $35,000
Reward Type Travel Points
Reward 1 point / $1 spent
Reward Return Up to 4% or more
Sign Up Bonus 5000 points
Grace Period 21 days
Apply Sign Up!
 

The MBNA Travel Rewards Platinum MasterCard is a bit of a dark horse when it comes to travel rewards credit in Canada. Not many people have it and almost nobody talks about it! That is really a shame because this card has many benefits that make it as good or better than most airline reward miles credit cards like Aeroplan credit cards, and it has a whole lot more booking flexibility as well.

You get the same reward return on spending when redeeming for economy class flights of up to 4%, without having to worry about limited reward seat availability, blackouts, only being able to book with one carrier, booking 6 months to a year in advance, booking fees, points expiration, and paying taxes and fees out of your pocket! All these benefits, make this credit card one of the best and easiest to use travel rewards credit cards in Canada with an annual fee that is actually less than the competition and a yearly 2,500 point renewal bonus to boot! Keep reading » about MBNA Travel Rewards Platinum MasterCard

MBNA Smart Cash Platinum MasterCard

Class Platinum
Type MasterCard
Issuer MBNA
Annual Fee $0
Interest Rate 19.99%
Min. Income $35,000
Reward Type Cash Back
Reward Non-Tiered Cash
Reward Return 1-3%
Sign Up Bonus None
Grace Period 21 days
Apply Sign Up!
 

The MBNA Smart Cash Platinum MasterCard is somewhat of a saviour for cash back credit cards in Canada. After the disappearance of both the Canadian Tire Cash Advantage MasterCard and the American Express Gold Cash Back Card, it seemed like there was no truly good cash back credit cards left on the market. This card changed all that in 2009 with its non-tiered no annual fee cash reward, platinum benefits and perks, and 3% bonus cash back on all gas and grocery purchases. Not only that, but it automatically issues you a cheque once your cash rewards balance reaches $50, so you get a wonderful surprise in your mailbox every so often! Keep reading » about MBNA Smart Cash Platinum MasterCard

The Starwood Preferred Guest Credit Card from American Express

Class Standard
Type American Express
Issuer American Express
Annual Fee $120
Interest Rate 19.99%
Min. Income $15,000
Reward Type Travel Points
Reward 1 point / $1 spent
Reward Return 2-6%
Sign Up Bonus 20,000 points
Grace Period 21 days
Apply Sign Up!

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The Starwood Preferred Guest Credit Card from American Express is one of the only ways for Canadians to earn Starwood Preferred Guest starpoints quickly and easily. Back when the no annual fee MBNA Starwood Preferred Guest MasterCard was still available, it was chosen as the primary credit card by hundreds, if not thousands, of deal savvy consumers over at Redflagdeals. The reason being that the Starwood Preferred Guest rewards program is an incredibly flexible rewards program with a multitude of travel redemption options that offers an incredible reward return value for your points of up to 6% or more! Now that the MBNA Starwood card has been replaced by this $120 annual fee card by American Express, it isn’t quite as popular but it is still an extremely good card especially for high spenders. Many people who used to use the MBNA Starwood card religiously, have also transferred over to, and now use, this card, including myself. Keep reading » about The Starwood Preferred Guest Credit Card from American Express

RBC Avion Infinite Visa

Class Platinum
Type Visa
Issuer Royal Bank
Annual Fee $120
Interest Rate 19.99%
Min. Income $60,000
Reward Type Travel Points
Reward 1 point / $1 spent
Reward Return 2-2.33%
Sign Up Bonus 15,000 points
Grace Period 17 days
Apply Sign Up!

The Royal Bank Avion Visa is likely the best travel points credit card that comes with a high annual fee - $120 in this case. It is particularly favoured by business people who spend large sums of money on their credit cards throughout the year because it has no earning maximums, is flexible when redeeming, offers transfers to airline miles, and has a well rounded insurance package. The card itself earns you one Avion point per dollar spent and Avion points can be redeemed for flights, other travel rewards, and merchandise directly through RBC.

Redeeming points the standard way already provides a decent return of up to 2.33% of your credit card spending as noted in the table above.  However, one of the best features of this card is the ability to transfer Avion points to British Airways Executive Club miles. with a 50% bonus during one of the twice annual transfer promotions. The normal conversion rate from points to miles is 1:1 but historically twice per year they offer a conversion bonus such that 1 point gets boosted to 1.5 miles. Considering that British Airways is a member of the OneWorld alliance this allows you to use your newly boosted miles on several airline partners or British Airways themselves. This means a flight inside North America that would normally cost 25,000 miles in most airline reward programs would only cost you 16,667 miles because of the 50% bonus, a significant savings. Keep reading » about RBC Avion Infinite Visa

Canadian Tire Cash Advantage MasterCard

Class Standard, Platinum
Type MasterCard
Issuer Canadian Tire
Annual Fee $0, $99
Interest Rate 18.9%
Min. Income Unknown
Reward Type Cash Back
Reward Tiered Cash
Reward Return 0.5-5%
Sign Up Bonus None
Grace Period 21 days
Apply New Edition
 

This credit card is part of our Canadian credit card Hall Of Fame. This page contains historical information as it was when the credit card was either still available or when it was at its peak and is for reference purposes only. Please refer to The Best Credit Cards In Canada page for currently available Canadian credit cards.

The Canadian Tire Cash Advantage MasterCard was the king of all cash back credit cards that have ever existed in Canada and it will likely hold that title for a long time to come. None of the recent challengers have offered anything nearly as rewarding as this card did! Everyone over at RedFlagDeals literally went nuts when this card was announced and we all took full advantage of it. Keep reading » about Canadian Tire Cash Advantage MasterCard

BMO Mosaik Gold Air Miles MasterCard

Class Gold
Type MasterCard
Issuer Bank Of Montreal
Annual Fee $90
Interest Rate Unknown
Min. Income Unknown
Reward Type Points
Reward 1 Air Mile / $15 spent
Reward Return 1.33-3%
Sign Up Bonus Unknown
Grace Period Unknown
Apply Air Miles Cards
 

This credit card is part of our Canadian credit card Hall Of Fame. This page contains historical information as it was when the credit card was either still available or when it was at its peak and is for reference purposes only. Please refer to The Best Credit Cards In Canada page for currently available Canadian credit cards.

The Bank of Montreal Mosaik Gold Air Miles MasterCard was one of the best deals going for Air Miles collectors who were tired of getting a measly 20 cents per mile value for their Air Miles, or even less. The reason why it was so good is because it enabled you to book flights anywhere in North America for a paltry 1600 Air Miles. When you compare that to the usual 4800 to 6000 mile cost for coast to coast flights, it is a real bargain. And, if you consider such a flight in Canada typically costs $700 or more before taxes and fees, then you can calculate the value of an Air Mile to be 43.75 cents and the reward return of the credit card to be 2.92%.  Much better than the 1.33% return you get when valuing Air Miles at 20 cents per mile, which is already quite generous by some people’s standards! Keep reading » about BMO Mosaik Gold Air Miles MasterCard

Blue Sky Credit Card Review

Class Standard
Type American Express
Issuer American Express
Annual Fee $0
Interest Rate 19.99%
Min. Income $15,000
Reward Type Travel Points
Reward 1.25 pts / $1 spent
Reward Return 1.25%
Sign Up Bonus 10,000 points
Grace Period 21 days
Apply Sign Up!

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The Blue Sky® Credit Card is a very flexible no annual fee travel rewards card from American Express with a very simple rewards structure that is great for people who don’t want to deal with complicated rewards programs. You will earn a straight 1.25% return on all of your purchases that is applicable to any form of travel booked with any travel provider that you charge to the card. This is a better return than most cash back or other equally flexible cards offer with no tiers, so it has some significant advantages. Of course, you aren’t going to achieve as high of a return as the theoretical maximums you can get using airline miles in programs like Aeroplan or Starwood Preferred Guest. But, you can take advantage of the best seat sales and last minute deals without worrying about booking far in advance or only traveling only to specific high value destinations, which is quite honestly a major benefit. The 10,000 sign up bonus is also great for a no annual fee card!

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Keep reading » about Blue Sky Credit Card Review

MBNA Alaska Airlines MasterCard

Class Platinum
Type MasterCard
Issuer MBNA
Annual Fee $75
Interest Rate 18.99%
Min. Income $35,000
Reward Type Airline Miles
Reward 1 mile / $1 spent
Reward Return Up to 4% or more
Sign Up Bonus 20,000 25,000 miles
Grace Period 21+ days
Apply Sign Up!
 

The MBNA Alaska Airlines MasterCard is a great airline miles travel rewards credit card because it offers a comparatively low annual fee, a huge sign up bonus, cheap companion tickets, free lounge passes, and multiple partners to redeem with! When compared to any other miles based credit card like the CIBC Aerogold Infinite or the TD AAdvantage, it easily comes out on top. I actually used to recommend the MBNA Starwood Preferred Guest MasterCard over this card because it was no annual fee and higher rate of return for people spending less than $30,000 annually, but it has since been discontinued. Keep reading » about MBNA Alaska Airlines MasterCard

TD GM Visa

Class Standard
Type Visa
Issuer TD Bank
Annual Fee $0
Interest Rate 19.99%
Min. Income $12,000
Reward Type Pseudo Cash
Reward 3% of all purchases
Reward Return 3%
Sign Up Bonus None
Grace Period 21 days
Apply Sign Up!
 

The GM Visa offered by Toronto Dominion Bank pays one of the highest cash-like rewards of any currently available Canadian credit card and it does so without an annual fee! It allows you to earn 3% back on all spending towards the purchase of a new GM vehicle. This card has been around for quite some time now and when you consider that no fee cash back cards didn’t start offering returns higher than 0.5% until the last few years, you can easily see how a 3% return is very attractive. That said, the appeal of this card has dropped significantly as of late because the competition is getting much stiffer. Not only that but the TD GM Visa comes with some serious restrictions, including the obvious one of being locked in to buying a GM vehicle with your reward.

This card definitely has a place in the wallets of some Canadian consumers who are brand loyal to GM and know that they will be buying a brand new GM vehicle in the future. If that’s you, then you should investigate this card even further, ensure you completely understand all of the terms and conditions, and then go ahead and apply for it so you can start saving for your new GM vehicle! Keep reading » about TD GM Visa

Citi Enrich MasterCard

Class Standard, Platinum
Type MasterCard
Issuer Citi Canada
Annual Fee $0
Interest Rate 19.99%
Min. Income $15,000
Reward Type Cash Back
Reward Non-Tiered Cash
Reward Return 1%
Sign Up Bonus None
Grace Period 21 to 29 days
Apply Unavailable
 

Update: Citi is no longer accepting new applications for this card.

The Citi Enrich MasterCard is a very solid cash back card with many some good benefits (if you have the platinum version), including a few that are unique to cards offered by Citi. Although there is a limit to how much cash back you can earn yearly with this card and other cards exist with higher returns, it remained a very popular card amongst the credit card savvy in Canada for a long time. Since the introduction of the MBNA Smart Cash MasterCard in 2009, its popularity has decreased substantially, but it is still a good all around card. When the Amex Gold Cash Back card was still taking new sign ups, this was a popular choice as a secondary card for people who collected cash back and couldn’t use their Amex at those merchants that didn’t accept it or once their yearly maximum was reached. However, now that the platinum version of the card has been eliminated, it is hard to recommend this card above some of the other competing cash back credit cards. Keep reading » about Citi Enrich MasterCard

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