Best credit card


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Aanchal   
Member since: Jun 09
Posts: 18
Location:

Post ID: #PID Posted on: 09-08-09 13:29:59

Any recommendation for the best credit card with no annual fee and maximum reward points?

Thanks



Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 09-08-09 13:43:24

Scotia Momentum ... though it does have an Annual fee but gives 2% cash back on grocery / fuel recurring expenses and 1% on the rest ...


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Fido.


sville   
Member since: Dec 08
Posts: 242
Location:

Post ID: #PID Posted on: 09-08-09 14:37:30

Why reward points? (A bird in hand is worth ..... blah blah...)
Go for dividend/cash back with no annual fees.
CIBC dividend, RBC dividend ... have a look that the bank's websites.



gopalpai   
Member since: Jul 09
Posts: 917
Location:

Post ID: #PID Posted on: 09-08-09 16:02:04

TD canada trust is best, they have ATM centre everywhere, banks spread all over canada. If you take the option of minimum balance $ 5000/-, they give all faciltities like debit,credit card,free locker,cheque book free, no charges for bank statement,online facilities. what more can one ask?


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Fido   
Member since: Aug 06
Posts: 5286
Location: Canada

Post ID: #PID Posted on: 10-08-09 07:14:48

Potential savings interest on 5K is $10 pm .... which amounts to $120/ per year .. TD Visa is free , Debit charges are $4/ pm w/o balance and locker charges $40/ year ... Do the math .

TD Visa was giving me approx $125/- cash back or 1% ... Scotia was offering 2% on most of my purchases ......... I switched despite an annual fee of $40/-.


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Fido.


905Desi   
Member since: Feb 08
Posts: 279
Location: Greater Toronto Arena

Post ID: #PID Posted on: 10-08-09 09:03:42

Quote:
Originally posted by Aanchal

Any recommendation for the best credit card with no annual fee and maximum reward points?

Thanks



i like my cibc classic visa.
a good basic card with no fee.:cheers:


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happily holi day!


G13   
Member since: Jul 06
Posts: 602
Location: Amidst a glow in the sky.

Post ID: #PID Posted on: 10-08-09 09:54:05

To this list, I'll add PC financial Mastercard with no fees and grocery points..

Amex Costco no fee card (executive) is worth mentioning, provides rebates for purchases from costco at the end of each year. Pays off for annual costco membership fees too.


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