List of credit cards friendly to people who don't qualify for Visa Infinite/MC World/MC World Elite; only good cards
I've been meaning to do this for a long while. RFDers here with six figure income simply tend to forget that the vast majority of people do not qualify for these types of cards. So, I would like to make a list of good cards to which average people people can apply. Please post suggestions here and I will make a list and update it. Only good cards with great returns. You know, the type of cards we recommend to friends and family members, so they get as much back as possible for their money.
Visa
CIBC Aventura Gold: 2 points for every $ spent through the CIBC Travel Centre; 1.5 points for every $1 spent at gas stations, grocery stores and drugstores; 1 point for ever $ spend on all other purchases; $120 annual fee (includes emergency travel medical insurance, 15 days coverage if 64 or under, up to $5 000 000)
MasterCard
BMO CashBack MasterCard: earn 3% cashback on all grocery purchases for up to $600 a month; 1% on recurring purchases and 0.5% on all other purchases.
Brim Financial MasterCard: earn 2% on Amazon purchases to to $10000/year (note: this does not include Audible); 2% on select streaming services (such as Netflix and Spotify); 1% on every purchases; no foreign FX transaction fees.
Canadian Tire Cash Advantage: earn 1% up to $24000 (tiered); earn 1.5% above $24000; pay for bills only payable with a bank account and earn cashback for it
Capital One Costco MasterCard: earn 3% on restaurant purchases and 2% on gas purchases; for all other purchases, 0.5% for the first $3000 in a year, 1% afterwards.
PC MasterCard: earn 10 PC points for all regular purchases; earn 25 points for every $1 of purchase at Shoppers Drug Mart/Pharmaprix; bonus of 2 cents per litre in PC Optimum points for Esso purchases
Rogers MasterCard: earn 3% on all USD purchases; 1% on everything else
Tangerine MasterCard: earn 2% on various purchases categories (2 without a Tangerine savings account; 3 with one); earn 0.5% on all other purchases
American Express
Cobalt Card: Earn 5 points for every $1 in purchases for restaurant/food purchases in Canada; earn 2 points for every $1 in purchases for travel and transit in Canada; earn 1 point for every $1 in everything else. ($10 monthly fee) (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Gold Rewards: earn 2 MR points for every 1$ of purchase in travel, grocery, drugstore and gas station purchases. Earn 1 MR points for everything else. MR points can be exchanged for Aeroplan points (and other frequent flyer programs) for a better earn rate. ($150 annual fee (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Scotiabank American Express Gold: 5% in Scotiabank points (redeemable on travel) for all grocery, dining and entertainment purchases; 3% for all gas, daily transit and select Internet streaming services; 1% on everything else; $120 annual fee (includes travel medical insurance; 25 days for under 65; 3 days for 65 and up; $1 000 000 coverage)
SimplyCash Card: earn 1.25% on all purchases; earn 2.5% in your first 3 months (up to $150)
SimplyCash Preferred: earn 2% on all purchases ($99 annual fee); earn 5% cashback in your first 6 months (up to $300) (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Visa
CIBC Aventura Gold: 2 points for every $ spent through the CIBC Travel Centre; 1.5 points for every $1 spent at gas stations, grocery stores and drugstores; 1 point for ever $ spend on all other purchases; $120 annual fee (includes emergency travel medical insurance, 15 days coverage if 64 or under, up to $5 000 000)
MasterCard
BMO CashBack MasterCard: earn 3% cashback on all grocery purchases for up to $600 a month; 1% on recurring purchases and 0.5% on all other purchases.
Brim Financial MasterCard: earn 2% on Amazon purchases to to $10000/year (note: this does not include Audible); 2% on select streaming services (such as Netflix and Spotify); 1% on every purchases; no foreign FX transaction fees.
Canadian Tire Cash Advantage: earn 1% up to $24000 (tiered); earn 1.5% above $24000; pay for bills only payable with a bank account and earn cashback for it
Capital One Costco MasterCard: earn 3% on restaurant purchases and 2% on gas purchases; for all other purchases, 0.5% for the first $3000 in a year, 1% afterwards.
PC MasterCard: earn 10 PC points for all regular purchases; earn 25 points for every $1 of purchase at Shoppers Drug Mart/Pharmaprix; bonus of 2 cents per litre in PC Optimum points for Esso purchases
Rogers MasterCard: earn 3% on all USD purchases; 1% on everything else
Tangerine MasterCard: earn 2% on various purchases categories (2 without a Tangerine savings account; 3 with one); earn 0.5% on all other purchases
American Express
Cobalt Card: Earn 5 points for every $1 in purchases for restaurant/food purchases in Canada; earn 2 points for every $1 in purchases for travel and transit in Canada; earn 1 point for every $1 in everything else. ($10 monthly fee) (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Gold Rewards: earn 2 MR points for every 1$ of purchase in travel, grocery, drugstore and gas station purchases. Earn 1 MR points for everything else. MR points can be exchanged for Aeroplan points (and other frequent flyer programs) for a better earn rate. ($150 annual fee (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Scotiabank American Express Gold: 5% in Scotiabank points (redeemable on travel) for all grocery, dining and entertainment purchases; 3% for all gas, daily transit and select Internet streaming services; 1% on everything else; $120 annual fee (includes travel medical insurance; 25 days for under 65; 3 days for 65 and up; $1 000 000 coverage)
SimplyCash Card: earn 1.25% on all purchases; earn 2.5% in your first 3 months (up to $150)
SimplyCash Preferred: earn 2% on all purchases ($99 annual fee); earn 5% cashback in your first 6 months (up to $300) (includes emergency medical travel insurance, 15 consecutive days if under 65, up to $5 000 000)
Last edited by Poutinesauce on Aug 30th, 2021 10:07 am, edited 22 times in total.