There are 2 significant changes to the Rogers Bank credit card portfolio. First of all, there is a potential deal breaking changes to the Rogers Platinum MasterCard and the introduction of the new Fido MasterCard. Below are the highlights of the 2 credit cards:
CIBC is offering something called the Air Canada AConversion Visa Prepaid Card. A prepaid card is a card where you can use your credit card to pre-load the card with a specific amount of funds to be used at a later date. You can use this like a credit card (wherever accepted). The main difference between is that instead of a credit limit, where you use the limit first, and then pay off the balance when it is due, you have to preload the card with money, and you can only use what is loaded into the card. There is no credit limit.
Retention bonuses are a great way to help justify the annual fee that you will need to incur every year. Ideally, you would sign up for a credit card that waives its first year fee, collect the sign up bonus, and then decide whether to keep the credit card when you are entering the second year and the annual fee kicks in. One incentive is a retention bonus, which is a bonus offer issued by a credit card company to entice you to retain the credit card, rather than cancelling it. Generally, you want a retention bonus that will help you cover the annual fee.
As we explained in our page called “Understanding Credit Cards, credit cards that offered a fixed reward is when you know exactly how much you are going to earn and you know exactly what you are getting in return when you redeem your points.
I made a small tweak to the title to avoid confusion. This list that I put together on a monthly basis is to capture all the higher than normal sign up bonuses. For all the top current credit card sign up bonus offers, you can hover over the “Top Credit Cards” in the menu bar. There you will find a drop down menu of the credit cards sorted by categories.
The Rogers Platinum MasterCard is quickly becoming one of the more popular credit card for Canadians, especially because it waives foreign exchange fees (generally 2.5% transaction fee with other credit cards). Not to mention that the annual fee is waived if you are a Rogers customer (which can also be considered the catch) and 1.75% cash back on all purchases.
Signing up for credit cards always have requirements to fulfil. The two most common ones are credit scores and meeting minimum income requirements. Today, we will focus on minimum income requirements. Usually, the common ones are $15,000, $30,000 or $60,000 personal income minimum. But there are other credit cards that are even higher and they are generally considered the “premium” credit cards, which offer a lot more perks and benefits.
The American Express Starwood Preferred Guest Credit Card (Canadian version) has been slightly upgraded. Originally, there was a $50 annual fee for supplementary cardholders, which now waives its first year fee. Not an earth-shattering move, but it should make it a no-brainer to at least add the supplementary cardholder at least for the first year.
It has been exactly one year since I last updated this list. And it doesn’t seem like groceries have declined much since. Seems more like the prices continue to climb. So I thought I’d update the list of top credit cards to use on groceries.
This is more of a fun post about my personal feelings on credit cards with a lot of black in their design. This post is more of a continuation of a post written by Shirley back in September 2015 about the Coolest Looking Credit Cards.