RFD Credit Card, Chequing, & Investment Savings Account Articles

[Ryan]

The articles written by canrocks on No Fee Credit Card Reward Programs and Investment Savings Accounts can be found here:
http://www.redflagdeals.com/deals/ma...icles/credit1/

The No Fee Chequing Accounts Comparison can be found here:
http://www.redflagdeals.com/deals/ma...les/chequing1/

And the High Interest Savings Account Comparison can be found here:
http://www.redflagdeals.com/deals/ma...cles/savings1/

[Alexo]

Do any of the Canadian no-fee credit cards offer single-use "virtual" numbers for internet purchases, etc. ?

My card got compromised and although there was no monetary loss (the CC company tool care of everything) it was still a bit of a hassle to switch everything to the new number.

[emz]

Thank you Ryan for stickying this. I was afraid I would need to perform a search for it and not necessarily find it.

[halflife150]

For the starwood cc i wasn't finding the high returns that were reported for the hotels. I was only getting 1.5%-2.5% and that's with hitting the increments. I even looked up the hotels provided in the examples. The hotel prices were much lower and they were in higher categories. That having said, it is still one of the best cc out there due to the 5000 bonus points awarded on airmile trades. It makes it one of the best airmiles cards as long as you hit the increments.

[Porcina]

In my last bill there was a notice that the National Bank Ultramar reward for the year is now capped at $250.

Disappointing as I received a $458 reward last year. So about June I will stop using the card as my reward will be maxed out.

Also the minimum monthly gas usage was increased to 100 liters from 80 liters to get the 2% refund.

I guess too many people from RFD have lowered their profits.

[Sandokan]

There's new Cash rebate Credit card:

NEW TD Canada Trust Rebate Rewards
Visa Card

Earn a 0.5% cash reward on the first $3,000 in net annual purchases charged to your Card
Earn a 1% cash reward on your net annual purchases over $3,000 (to a maximum annual purchase limit of $25,000)

http://www.tdcanadatrust.com/tdvisa/rebate.jsp

[Jero]

There's new Cash rebate Credit card:

NEW TD Canada Trust Rebate Rewards
Visa Card

Earn a 0.5% cash reward on the first $3,000 in net annual purchases charged to your Card
Earn a 1% cash reward on your net annual purchases over $3,000 (to a maximum annual purchase limit of $25,000)

http://www.tdcanadatrust.com/tdvisa/rebate.jsp

That's not too bad. CIBC Dividend has been doing it for years
(on the first $1,500 in net annual purchases your rebate is 0.25%; on your next $1,500 in net annual purchases your rebate would be 0.50%; on amounts greater than $3,000 in net annual purchases your rebate would be 1.0%.)

I think the PC has a better deal with a $25 signing bonus, 1.97% balance transfer and 1% starting at $2000 purchases.

[rl7greg]

I'd be curious to know what no fee chequing accounts are out there that are free with a higher minimum balance than $1000 or $2000. I personally have the Select Service account from TD that has a $5000 minimum balance, but with that it is truly no-fee. Yes, you lose out on getting higher interest on $5000 (~$200/year), but you get a lot more services free in addition to unlimited withdrawls, debits, payments, transfers, etc:
- free safe deposit box
- free cdn/us bank drafts
- no atm fees anywhere
- free 1% cash rebate visa w/roadside assistance & towing - better than a $150 BCAA Plus membership (TD Gold Elite)
- free cheques, and cheque images online or cheque return
- no holds on deposits (with good credit I guess)
- real bank branches that are open late ;-)

http://www.tdcanadatrust.com/accounts/select.jsp

If I had a PCF free chequing account then I'd need a safe deposit box, a BCAA membership, and I'd probably be paying $5-7 for US bank drafts, which I need one per month. And there is never the right ATM nearby if you have to use certain ones only, so I don't think any of the free chequing account listed are better for me, or for lots of people out there...

Does anyone have or know of a good chequing account with similar/better free stuff?

[cipra]

On Page 6 of the RFD article on Credit Card, it states: http://www.redflagdeals.com/deals/ma...icles/credit6/

MBNA CAA Mastercard

Percentage Equivalent 1 everywhere. 2-4 at Sunoco, UPI, or FS

but on http://www.caasco.com/savings/caadollars/index.jsp, it states:

Effective December 31, 2007 Sunoco, UPI and FS will no longer be participants in the CAA Dollar program. Click here for details.

[GNUH NAEJ]

Hi guys i have around 10k in RBC's esaving high interest account. I was reading the comparison btw which bank has the highest hi-interest account and it says with cash amound greater tahn 2k one shouldnt be investing in high interest accounts but accounts call "GICs" can som1 explain how GIC's work? and which is the best for my situation.

I have about 10k, do not need the money, able to invest in long term about 3-5 years. THANKS!

[cuto]

if possible... i'd like to see an updated version on the no fee credit cards out there. i've applied for the Enrich card thinking it has car rental collision waiver but it doesn't. d'oh! so maybe that should at least be changed in the comparison chart.

[Octavius]

if possible... i'd like to see an updated version on the no fee credit cards out there. i've applied for the Enrich card thinking it has car rental collision waiver but it doesn't. d'oh! so maybe that should at least be changed in the comparison chart.

Doesn't the platinum have it?

You need to ASK them for the platinum Enrich...otherwise you'll get the plain jane one that has less features.

[cuto]

Doesn't the platinum have it?

You need to ASK them for the platinum Enrich...otherwise you'll get the plain jane one that has less features.

ohh!!! geez, i hope i don't have to re-apply for it. thanks for the heads up

[Octavius]

ohh!!! geez, i hope i don't have to re-apply for it. thanks for the heads up

NP - when you get your plain Enrich, call up Citibank and ask them to upgrade you to the platinum version. It's instantaneous and there's no hit on your record.

Confirm with them what it does and doesn't have. I honestly can't remember for the life of me what the Citi Enrich Platinum has aside from 1% cash back and price protection...but I'm fairly certain it offers rental car insurance (but don't take my word for it =P )

[cuto]

NP - when you get your plain Enrich, call up Citibank and ask them to upgrade you to the platinum version. It's instantaneous and there's no hit on your record.

Confirm with them what it does and doesn't have. I honestly can't remember for the life of me what the Citi Enrich Platinum has aside from 1% cash back and price protection...but I'm fairly certain it offers rental car insurance (but don't take my word for it =P )

that's good that there won't be a hit on my record. when is there a chance that i would get hit with some record? i'm guessing it's a bad thing?!