There have been a few changes to the American Express Membership Rewards program, since my last post when comparing the Canadian and U.S. versions. So let’s do another rundown.
The list has really trimmed down for this month. I really hope that it picks back up as we lead into the fall, but with record profits, that doesn’t seem likely at the moment.
The RBC British Airways Visa Infinite is once again offering its 50,000 sign up bonus Avios upon approval. It seems that the trend is that this promotion is offered once every 6 months or so.
We’ve updated our “Are you a business owner” page to include the option for business owners to have an American Express account manager for the first 12 months of a business card membership.
If you are a business owner, you may be interested in some bonus American Express Membership Rewards opportunities. Otherweise, we have also put together a list of top business credit cards to consider.
Looks like Scotiabank has taken over the relationship with More Rewards MBNA, which discontinued its co-branded credit card. We also have posts talking about Top Ways to Redeem More Rewards and Ways to Earn More “More Rewards”. Scotiabank is now offering a More Rewards Visa Card with the following highlights:
Looks like National Bank has decided to join the cashback competition introducing their newest MasterCard called the National Bank Echo Cashback MasterCard. Now why they have named it the Echo we haven’t too much a clue, but its returns and benefits definitely send a (large) echo to consumers.
Newcomers to Canada and students are in a very similar situation where they have minimal to no credit history. So they have to start somewhere. There are several ways to get started. This is how I got started. I walked into a bank, locked in a some money into a guaranteed investment certificate (GIC) and was issued a secure credit card. At the time, I was given the CIBC Shoppers Optimum Visa (has since been discontinued). I used this opportunity to start building my credit history.
The list has really trimmed down for this month. I really hope that it picks back up as we lead into the fall. That being said, 2016 has been a pretty good year for credit card sign up bonuses, so we were due for a break month. I expect that things will pick back up in the fall, as companies will want to close out the year strong.
It has been a few months since I last updated this list. The reason is because there was no significant shift in the industry until now.
I decided to change up my classifications a little bit. I’ve split up the credit card companies into 4 groupings: