Quite unfortunate. Changes effective August 1, 2019 ⢠Earn 4% Cash Back on: o Groceries o Recurring Bill Payments ⢠Earn 2% Cash Back on: o Gas o Daily Transit (NEW) ⢠Earn 1% Cash Back on all other eligible everyday purchases. I was approved for $15,000. Hey David, it’s great to see that you came to GreedyRates with your question! Generally speaking, any item you buy in a grocery store is eligible–there are caps on how much of your spending is eligible for this cash back rate, however. Thanks for sharing. In the latter case, let us know if we can provide a set of alternatives, and weâll hop to it. Call Rogers? If you currently have the Scotia Momentum Visa Infinite card, youâve probably received a notice from Scotia that the features and benefits of your card will be a bit different come August 1st, 2019. Put another way, spend $10,000 on your credit card, you get 20,000 points worth $200 when redeemed for cash back.
Additionally, the annual interest rate on purchases is increasing by 1.00%, and Scotia has replaced Gas in the 4.00% earnings tier with Recurring Bill Payments. 3% gas/groceries/recurring bills and 1% for others and welcome bonus of 6% for the first 3 months and first year fee is waived although the fee is higher at $120. Many consumers will recognize this as a sort of rebate, but it’s more complex than that.
What card would you recommend and why? Beginning September 1, 2018, the annual fee will increase from $89 to $120. Walmart, Walmart Supercenters and Shoppers would not count as grocery stores.
I was about to apply for the Costco Mastercard until I read your article. That helps quite a lot. I was tempted by the Scotia Momentum VISA Infinite but they only let you redeem your cash back once a year. Some pay as much as 5% which could earn you hundreds of pounds a year. I agree. I did the exact same thing as you did. If you’re looking for the highest paying flat rate cash back credit card, the Alliant Cashback Visa Signature Credit Card is hard to top. What’s the break down for the options world mastercard and regular options mastercard. In my line of work, I have become accustomed to hearing, âMagdalena, can you help me meet my writing assignment deadline?â I know that I can provide this service. Hi. It allows you to cash in your cash back once per year in December, and then it’s applied to January’s statement. So I phoned. It sounds to us like youâve done your due diligence about the difference between the Meridian Visa Infinite card and the Scotia Momentum Visa Infinite card. November statement. Starting earlier this month in February 2019, Rogers enabled any-time cash back redemption for their World Elite card, which means those who are already earning 1.75% cash back with the card in Canada can redeem it to pay items on their statement anytime.
These cards are usually in the travel rewards ecosystem, but there are some options that offer cash back instead. For Quebec residents, please click here. The Rogers World Elite Mastercard gives you $25 in cash back rewards as soon as you make your first purchase. Thanks! Hello, Thank you for all the great information on your website. Costco capitalOne MC for 3% at restaurants, and 2% at gas stations where VISA is not accepted (aka Costco Gas Bars) 3. Thanks! Do I have any better options? Now, onto the new changes youâve just been informed about. I donât know if thatâs because you donât consider it to be a good deal or if it is a new offer. All that being said, if you don’t ever incur interest payments the 1.75% is one of the highest cash back amounts that I’ve seen which can add up to a lot in a year, which you can turn into a sweet lump sum on your card (and then I believe can request cash for the balance). But the good news is that it wasn’t the only card with no foreign conversion fee! Here are some of the factors we considered when determining the best credit card in every category and the best card overall: When comparing cash back cards, make sure to consider how much cash back it will really deliver to your budget. This means that after your introductory promotional period has ended, you will need to pay a certain amount of interest on the debt balance that is on your card each month. However, to actually speak to someone requires an unbelievably long wait. By comparison you can get 1.75% cash back with the no annual fee Rogers MasterCard on ALL purchases and redeem your cash back against non-Rogers purchases, or get up to 2% cash back with the no annual fee tangerine credit card in up to 3 categories… 1% everywhere else. Thanks again! Weâre just saying that there are too many great credit cards and selecting the âfinalistsâ is harder than youâd expect! The money was enough to help pay my tuition for my remaining semesters of college. The biggest benefit that the Marriott card used to boast was its lack of any foreign transaction fees, and the Rogers card employs the same benefit but in a more powerful way. Alternatively, you can use the Home Trust Preferred Visa, which does away with Mastercard’s admittedly roundabout method, and simply exempts customers from any foreign transaction fees at all. With a low cash-back rate and the restriction that one must redeem their cash at certain stores, there are alternatives with the same annual fee and applicant eligibility requirements that offer a better value proposition.