What credit card are you using that's working for you?

jay-d

jay-d

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Ever since high school, my first Mastercard was a Canadian Tire one and since I loved shopping there, it was great! However, I hardly visit Crappy Tire and I feel that being at the age I am, I need to get a much better credit card that works for me.

I have an awesome credit rating, virtually no debt and want something that will reward me. I just picked up a 2005 Legacy GT LTD Wagon, so I only fill up at Shell (91, no ethanol) so getting an Air Miles reward CC might be good. What other options are there?

I'm not much of a traveler, my insurance covers car rental insurance so don't care about that feature! I love watching movies so I might be looking in to the Scene Visa card too.
 
We have Air Miles and Costco American Express. Have enough on Air Miles to hit Vegas this fall, and got almost $360 back at Costco last year, which more than covered membership fees. All depends on your priorities at the moment. I wanted a Harley Davidson CC but wife vetoed, said not much rewards for her :rolleyes:
 
Just started using MBNA Smartcash as the main credit card. Used to have a TD GM card....collected about $2K before they switched to Driver Rewards. Realized I'll never by a GM and DR points take way too long to amass. Also had a couple MBNA cards I opened to take advantage of the 0% for 12/15mth balance transfers but consolidated that into the Smartcash.

Also signed up for an Amazon.ca credit card - just waiting for approval. Only reason being no foreigh txn fees which MBNA and just about every CC/bank charges 2.5-3% on top of exchange rate for.
 
Since i get a discount on the fee (since i work for them) i have the RBC Platinum Avion... travel points for every purchase, ive got enough to get a round trip to the carribean :D but i can use those points to pay off my credit line or buy merchandise, get gift cards...

Walmart Mastercard cause well.. walmart always has something youll end up buying at SOME POINT in your life. Walmart cash back works for me...
 
Wifey and I love going to the movies, so I have a scene visa.
 
I like my CIBC dividend infinite card.. 2% cash back, just get a credit for the amount every December so I can spend it on whatever I want instead of being tied to air miles or avion or whatever..

Also covers all the insurances I need..
 
I hate my Emerald Visa though low interest rate at prime but I've had it for 10 years. No real rewards though one can argue saving on the interest is the reward compared to getting something tangible. Though if you keep $0 balance that is mute lol. Signing up for another one would take a hit on my credit score.
 
http://www.rewardscanada.ca/topcc2012/

I looked into a few points cards, and it just feels like it takes forever to build up the points to get anything worthwhile unless you're dumping your mortgage payment on your card every month.

Thoughts?
 
just_luc said:
I like my CIBC dividend infinite card.. 2% cash back, just get a credit for the amount every December so I can spend it on whatever I want instead of being tied to air miles or avion or whatever..

Also covers all the insurances I need..
Click to expand...

Is there a fee on this card?

I've been using MBNA Smartcard for a while now, 1% on all purchases and 3% on groceries and gas IIRC
 
Td visa gold auto. $99 annual fee but comes with caa-like membership with unlimited tows. Plus 1% cash back with 19% interest

Capital one MasterCard no annual with 5.99% interest
 
I got a RBC Classic II Visa and a BMO Gold Mastercard w/ the Airmiles rewards. Both get the job done. The Airmiles are great if you are filling up, a friend has accumulated thousands just off the Shell gas stations

The RBC Visa comes with rewards points. I totally forgot about them and accumulated a bunch over a year or so, and just got myself $300 headphones for free. That was a pleasant surprise
 
I use my MBNA Seneca College mastercard if I have to. As an Alumini I get good rates. I prefer lower rates than perks on a credit card.

The best thing to get now is a Personal Line of Credit (plc) with an Advantage visa debit card so you can use Visa Debit function (make purchases online and retailers all around the world).
 
credit cards like my RBC Visa that give me 0% cheques (for up to 9 months sometimes).
 
psycho44 said:
I hate my Emerald Visa though low interest rate at prime but I've had it for 10 years. No real rewards though one can argue saving on the interest is the reward compared to getting something tangible. Though if you keep $0 balance that is mute lol. Signing up for another one would take a hit on my credit score.
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Yeah this card's purpose is to carry on the long term... basically big purchases that you wont pay off for a few months.
Just like you get a minivan for a family, pickup truck to haul stuff around, race car for race track lol, different cards with different purposes. If youre not paying any fee for it, id suggest keeping it as a back up for big emergency purchase (if you dont have a savings cushion/enough in your savings cushion)

nfq said:
http://www.rewardscanada.ca/topcc2012/

I looked into a few points cards, and it just feels like it takes forever to build up the points to get anything worthwhile unless you're dumping your mortgage payment on your card every month.

Thoughts?
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Well if you spend EVERYTHING on your credit card it adds up.
Instead of using your debit card you use the credit card
Adding up
Gas
Groceries
Eat out/drink
Cellphone/phone bill
Utilities

Starts adding up faster than you think :)
but of course, PAY IT OFF IN FULL as much as possible... if you carry the balance month to month at 19% interest, you kinda cancel out the benefits of the rewards
 
I checked them all about 3 years ago and found best was MBNA Smart cash, no yearly fee, 1% back on everything and 3% on groceries and gas. They send you a check whenever it reaches $50. . When u 1st start you get 6 months with even higher payouts on everything. I love this card.
 
I have a BMO student SPC mastercard. I get discounts at a whole bunch of stores and restaurants, and I get a certain percentage of what I spend back at the end of the year. Once I'm out of school I'll probably apply for a PC mastercard and then I can use the points to buy food. Pc just didn't want to give a 17 year old a mastercard at the time..
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