My university is allowing credit card payments for the first time. What is the best CC for 1 or 2 large payments?

coolintheshade wrote: ↑ Since when is 60k or even 80k income, considered rich?

ml88888888 wrote: ↑ Relatively speaking, comparing to people Making $40k.

My income is 60k. Where I come from, it is considered rich.

coolintheshade wrote: ↑ Since when is 60k or even 80k income, considered rich?

Relatively speaking. 88% of Canadians’ income falls below the minimum required to get a World Elite card.

Why restrict these premium cards to high income people? That’s not done with Amex cards. Look at Scotiabank Amex Gold. It has most of the benefits of World Elite cards and the income requirement is only $12k. Even Amex Platinum. You don’t need a high income for that at either—anyone with $700, a credit score, and a pulse can get one. Why impose these high income requirements on Visa/MC but not Amex? Just make the Visa/MC annual fees higher. That will already root out the lower income earners if that is the goal.

Stupido wrote: ↑ Which university is allowing this credit card payment.

Any other universities out there allowing credit card payment? Please list?

UBC has allowed credit card for several years now but tacks on a 1.75% "convenience" fee to recoup the CC costs. Which I understand.

Even 1% of the $800M+ in tuition a university gets every year would add up quickly.

beauramsay wrote: ↑ I am a student working part-time, and currently have the Tangerine mastercard, and the Scotiabank Visa Infinite. Is there a card with a massive welcome bonus that I could take advantage of for a big $8,000 payment?

That being said, are you sure your university won't charge you an extra fee for paying by credit card?

Kiraly wrote: ↑
Just make the Visa/MC annual fees higher. That will already root out the lower income earners if that is the goal.

Not sure that would do any good.
Look at OP, working part time, his spend has to be super low, but that didn’t stop him from getting a $120 AF card.

ml88888888 wrote: ↑ Relatively speaking, comparing to people Making $40k.

And a burger flipper at Rotten Ronnies is rich compared to someone on welfare.
What’s the point?
60 or 80k isn’t rich either way.