credit card

a close up of a credit card

Amazing Deal! US Merrill Lynch Card, $1000 Sign-Up Bonus

ByDCTA
10 Comments

Merrill Lynch, Bank of America’s wealth management division, is currently offering their fee-free Visa Signature with a 50,000 sign-up bonus after spending $3000 in three months [this is not a referral link]. This is the first time I’ve heard of this credit card being publicly accessible. Their points system is redeemable on any flight, at the rate of 25,000 points for $500. Strangely, the redemption must be on a round-trip flight departing from the United States (boo!). Further, you can only redeem your points at the above rate if your operating carrier is American, Delta, United, or British Airways; any other airline requires a 30,000 point redemption for the same value. Finally, if you spend $50,000 in a year, you’ll receive a $200 travel credit or a Delta Skyclub membership (I think you can guess which has more value).

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New Canadian Manufactured Spend Opportunity!?

ByDCTA
10 Comments

Update: So I’m testing the card. When you get it, you have to do a mini application which does a soft check on your Equifax. Your initial load has to be in a foreign currency, and has a 2.5% spread. The initial load has to be the equivalent of $CAD 100. After the initial purchase, you can load the card with Canadian Dollars. The address you want the card sent to has to match the card used for the initial purchase.

Is this the best credit card in Canada?

ByDCTA
4 Comments

There are lots of great sign-up bonuses for cards in Canada, but what is the best credit card to use on a daily basis? 

The Scotiabank Momentum Visa Infinite might meet the mark. The card doesn’t have a sign-up bonus, and does have a $99 annual fee, but this fee is waived for the first year (this ends May 31), and it has a 4% return on gas station and grocery store purchases!

a credit card with a white strip on it

Rogers Bank Mastercard – The Chase Killer?

ByDCTA
11 Comments

Traditionally, I would recommend a Chase credit card (either Amazon or Marriott) for all foreign exchange purchases, as previously, they were the only credit cards in Canada that don’t carry a forex surcharge, typically 2.5% of the amount charged. With those cards, you get an approximate 1% rate of return, with no annual fee on the Amazon card, and an annual fee on the Marriott that is offset with an annual hotel voucher. Now, the new Rogers Bank Mastercard may be better than either of these Chase cards for foreign exchange spending…

Great deal: NBC World Elite Mastercard, up to $700 sign-up, FYF

ByDCTA
10 Comments

National Bank is rarely on my radar, except perhaps for their wacky credit card promotions. This time, however, National Bank has a legitimately awesome promotion. The NBC World Elite Mastercard [this is not a referral] is offering $450 worth in points as a sign-up bonus (20,000 points on activation, 10,000 on anniversary). Further, the card has an annual reimbursement scheme of up to $250 for airport parking, seat selection, and baggage fees. Best of all, the annual fee of $150 is waived for the first year.