Making a 10k purchase (flooring)

adnanakhtar wrote: ↑ Hello,

I will be making a 10,000 CAD purchase (flooring for house). which credit card would you guys recommend for best cashback?

I have the usual CIBC 1% cashback on everything


Thanks

Did they take Amex? Or Visa/MC only?

adnanakhtar wrote: ↑ I will be making a 10,000 CAD purchase (flooring for house). which credit card would you guys recommend for best cashback?
I have the usual CIBC 1% cashback on everything
Thanks

Whichever new card that passes the following tests:

1. You qualify for it
2. The vendor accepts it
3. Has a handsome welcome offer

ExOrigami wrote: ↑ Whichever new card that passes the following tests:

1. You qualify for it
2. The vendor accepts it
3. Has a handsome welcome offer

i saw few credit cards which offer attractive welcome offer sbut upon reading there are clauses like *on 2,000 purchase or max $xx rebate
i shoudl qualify, individual and household income is 140/250k

adnanakhtar wrote: ↑ i saw few credit cards which offer attractive welcome offer sbut upon reading there are clauses like *on 2,000 purchase or max $xx rebate

It's still a net gain.

If you...
...use current 1% E.E. earn card you get $100
...switch to new card with a "10% on $2k" welcome bonus + 1% E.E earn, you get $280
...switch to new card with a "10% on $4k" welcome bonus + 2% E.E earn, you get $520

And that's just cashback cards with the assumption you cannot split the payment across more than one card. If you can split, then you can utiilze more offers.

Finally, the Travel Rewards side of the house has more valuable offers available than the Cash Back side (as usual). There are a few cards out there looking for $6000 (or more) to trigger their welcome bonus (e.g. HSBC, all the co-branded RBC airline cards, and some others besides.)