It has been almost 5 years since I last update this post. In light of American Express Canada’s new partnership with Air France, KLM Flying Blue, I thought it was a great opportunity to update this post. This post compares the Canadian and U.S. American Express Membership Rewards programs. A lot has changed in the last 5 years, so let’s get going.
All the TD offers that expired in the last list were extended and/or modified until December 5, 2021. Only the business card came off the list.
For this month, I would look into the 10% and first year fee waived offer with the Scotia Momentum Visa Infinite Card which is expiring.
Today is the second last day to apply for one of the two Tangerine cards (Tangerine Money-Back Credit Card, Tangerine World MasterCard) to benefit from the 10% cash back bonus. The Scotia Momentum Visa Infinite Card offer is also coming to an end this month if you have been thinking about it.
Promotion alert!
RBC is offering a 30% transfer bonus to British Airways’ Executive Club. The last time that RBC offered a bonus to Executive Club was back in November of 2019, albeit for 50%.
Effective today (August 9, 2021), fully vaccinated American citizens and permanent residents of the United States can enter Canada and skip some of the quarantine rules. The rest of the world (i.e. other foreign nationals) will tentatively have restrictions eased on September 7, 2021. But it doesn’t work the other way around when Canadians want to enter the United States. The U.S. border is still closed to Canada until at least August 21, 2021.
For this month, various RBC offers were set to expire last month, but were extended to later in the year. American Express offers came off the list this month, granted they now have different permanent offers. Several offers are about to expire this month, namely the Scotiabank Gold American Express. If you have been contemplating any of the August offers, this is the month to get them.
I have been asked by National Bank to do a review of one of their highly anticipated promotional offers, so here goes!
Looks like there is a new player in town to compete in the cash back sphere. We have been writing about how we think the Canadian rewards industry is shifting more towards cash back, rather than miles and points. This new offer is just more indication of this happening.
RBC launched its Time for More initiative with the goal of encouraging Canadians to shop at their partner brands by offering bonus points opportunities with them.
Time for More Highlights
Throughout the summer, the Time for More campaign will give eligible RBC credit and debit cardholders promotional offers including:
The Laurentian Bank Visa Dollars and Brim World Elite MasterCard promotions expired last month, but got extended.
But the most significant addition to this month’s list is the Scotiabank Passport Visa Infinite Card, which is the first time we have seen this credit card fee waived, along with the supplementary card too. If you have been thinking about getting this card, now as the best time to go for it!
Today, we feature a guest writer Lori Wade who is interested in a wide range of spheres from business to entrepreneurship and new technologies. If you are interested in the technology or banking industry, you can find her on Twitter or LinkedIn.
While credit scores are essential for mortgages, personal loans, and other types of lending, what does your credit score show? Of course, we all know about credit scores; high credit scores are better than lower scores, but how do lenders use this information, and how can you improve your ranking.