Credit Cards

It's Back: $100 In FREE Gift Cards And Up To 5% Cash Back On Gas & Groceries!

Over a year ago, I wrote about a very lucrative deal where people could get a $100 gift card to one of four well known Canadian stores and restaurants simply by signing up for one of the best no fee cash back credit cards available to Canadians. It was very popular amongst my readers and a lot of people took advantage of it including myself and my wife.

I’m happy to announce that the same deal is back again, only this time it’s even better! Now, RateSupermarket is offering $100 worth of free gift cards from over 50 Canadian stores and restaurants including all the big names instead of just 4 like before. With that many choices, there is bound to be at least one choice that will please everyone!

How You Can Get Your $100 In Free Gift Cards

Keep reading » about It's Back: $100 In FREE Gift Cards And Up To 5% Cash Back On Gas & Groceries!

Stop Using Your Debit Card Canada!

Stop using your debit card CanadaCanadians love their debit cards and I, for the life of me, can’t exactly figure out why. I think it would be safe to say that most adult Canadians also have at least one rewards credit card in their wallets in addition to their debit card, but still many of them simply leave it in their pocket when it comes to making everyday purchases. I see this happen time and time again when I’m watching people in check out lines and when I’m out with acquaintances.

If you’re going to be purchasing something anyway and you can earn somewhere in the range of 1 to 10 percent of the value of the item you are purchasing in rewards, then why not utilize that as much as possible? Of course, the reward you will get depends heavily on how good your credit card is and how good you are at maximizing your rewards, but still something is better than nothing right?

Reasons To Use Your Credit Card For Everything

Not everything that you might need to purchase can be bought with a credit card, but most things can. In some cases, even things like tuition and insurance can be paid with a credit card and be eligible for rewards. Keep reading » about Stop Using Your Debit Card Canada!

Free Money: $100 Gift Card And Up To 5% Cash Back On Gas & Groceries

It’s time for another one of those posts where I talk about some company giving away practically free money for doing something that requires very little effort. Last time it was Aeroplan and it worked out VERY well! This time it’s time it’s in the form of a free $100 gift card for signing up for a credit card with no annual fee that I heavily endorse all the time and that is a great addition to your wallet anyway.

Anyone who has spent any time on my site knows that I highly recommend the Smart Cash MasterCard by MBNA because it was the best cash back credit card in Canada for a long time. It used to give 3% cash back on your gas and grocery purchases (5% for new cardholders in the first 6 months) and 1% cash back on all your other purchases, which is a great deal. Unfortunately, MBNA recently announced some changes to the card (you can read about them here) so it isn’t quite as good anymore. But, it is still well above average as far as credit cards go and I currently have two of them in my household and still use them for all our gas and grocery purchases.

How To Get The Free $100 Gift Card

Our friends over at RateSuperMarket.ca are putting on a holiday promotion where if you apply and are approved for the Smart Cash card I mentioned above, they will send you $100 gift card to your choice of Amazon.ca, Toys R Us, Futureshop, or Boston Pizza. Here’s how it works: Keep reading » about Free Money: $100 Gift Card And Up To 5% Cash Back On Gas & Groceries

Using The MBNA Alaska Airlines MasterCard To Earn Nearly Free Flights Fast

flying for freeA few weeks back, I mentioned booking a pair of flights to Los Angeles for my wife and I using rewards points as a way to save money on our vacation. At the time, I indicated I would follow up with more details on exactly how we did it and, although it took a little longer than expected, here are said details:

What Would These Flights Normally Cost?

Before I go into all the details about the rewards points, you should first know the stakes. How much exactly would the flights have cost us if we were to have booked them through regular means without spending many hours hunting down a once in a lifetime seat sale?

Well, seeing as this is pretty much a coast to coast flight across North America, these tickets do not come cheap. Comparable seats were going for $856.50 per person including all taxes and fees. For both of us, that works out to be $1713.00 – clearly a lot of money!

How Much Money Did We Save By Using Airline Miles?

Most people know that booking reward flights is not 100% free. There are always taxes, fees, and the odd surcharge that has to be paid on top of the actual fare for the ticket. Also, when dealing with rewards points, there may be some costs associated with obtaining the rewards. I’m not talking about spending money you would have spent anyway to earn rewards on your credit card, but instead additional costs associated with obtaining the reward miles or points.

In this particular instance, I calculated the final cost of our flights including all taxes, fees, surcharges, and rewards acquisition costs to be $323.76, which is a savings of 81.2%.

What Steps Were Taken To Make These Cheap Flights Possible?

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The Famous RBC Avion Transfer Promotions Are Back!

For those who don’t already know, I am a huge advocate of credit cards for people who are capable of using them responsibly as a means of earning thousands of dollars in rewards each year. More importantly if you choose to have a credit card then you should have one of the best credit cards available that gives you the maximum return for the money you spend on the card. If you are unfamiliar with credit cards or unsure if you have the best possible card for your needs, then you should read through our comprehensive credit cards section to get up to speed.

The Royal Bank Avion Platinum or Infinite credit card is one of the best and most flexible travel rewards credit cards in Canada. It is actually the card ranked 3rd in the travel category of our study of the best credit cards available in Canada.

One of the main reasons this card is so good is that you can transfer your points at a 1:1 ratio to either the British Airways Executive Club or the American Airlines AAdvantage rewards programs. Doing so is already a good idea because it eliminates the dollar amount caps on point values that are part of the standard RBC Avion point redemption process. This allows you to book the most expensive routes within a given part of the world without paying more points and thus giving you much greater value. Keep reading » about The Famous RBC Avion Transfer Promotions Are Back!

Earn Thousands Of Dollars In Credit Card Rewards

Earn thousands of dollars in credit card rewardsHave you ever wondered what the best credit card available in Canada is? Should you choose one with an annual fee or not? Are travel rewards credit cards worth the hassle, or should you just stick to a simple cash back credit card? Is signing up for a credit card even a good idea at all? These are all very good questions and, with the number of credit cards available in the Canadian marketplace today, making the right choice can seem nearly impossible.

With people like you in mind who are overwhelmed with the choices and not sure if it is even possible to determine “the best” credit card, we have put together a complete credit card guide that seeks to answer almost any question you might have in regards to credit cards. Not only that, but we have done a thorough analysis of the best credit cards on the market and come up with our own custom scoring system for comparing them in an objective manner. It takes many important factors into consideration such as the return a typical person can get on their credit card spending, the maximum return you can possibly achieve if you do everything just right, how flexible the credit card rewards are, and the quality of the insurance package that comes with the card.

It is actually our belief that every person who can qualify for a rewards credit card should be using one for every possible purchase that they make, so long as you are able to pay the balance in full every month! Unfortunately, not all people can handle the responsibility of having a credit card and when using one they find themselves overspending and getting deep in debt by spending money they don’t have. But, if you are a responsible spender or saver and you aren’t using a credit card, then you are leaving a lot of money on the table that would otherwise be in your pocket!

How Much Can You Really Earn With Credit Cards?

So all of this sounds nice, but when it comes right down to it, how much can you really earn with credit card rewards? Keep reading » about Earn Thousands Of Dollars In Credit Card Rewards

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!

starwoodamex.jpg

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

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