TD Cashback Infinite Visa vs Scotiabank Momentum Visa Infinite?

smartie wrote: ↑ How much difference between 4% vs 3% for you annually Technically you can get fee waived in scotiabank as well.

But what's the difference from reward perspective before annual fee?

gizmokrap wrote: ↑ For Scotiabank wouldn't i have to have certain amount in a chequing account to have the fee waived?

For the difference before annual fee is applied, based on $880 purely spent on recurring bills and accounting for service fees for each type of bills, I'd get about $170 annually for TD and $275 for Scotia. So it's $105 difference which is $5 short of covering annual fee.

smartie wrote: ↑ Then stay with TD and do product switch. Remember, scotiabank will do hard inquire in bureau and add one trade line in your bureau which might drop your score

gizmokrap wrote: ↑ I probably will. Do you have another suggestion for cashback card other than these two?

titaniumtux wrote: ↑ TD CT is the more pleasant bank of the two to deal with.

$880/month on recurring? I'm taking no way to further reduce your bills? Anyway, for that amount yes it's worth chasing an accelerator. Are you certain that all of that $880/month would be eligible for the accelorator? Is it entirely telecommunications and insurance?

gizmokrap wrote: ↑ It was a pretty high estimate so it'd be around half of that.

1. at 2% cashback, that's $105.60
2. at 3% cashback, that's $158.40
3. at 4% cashback, that's $211.20

Kiraly wrote: ↑ Considered Meridian CU Cash Back Visa Infinite? Combines the best of Scotia and TD cash back cards:
4% grocery
4% gas
2% recurring bill
2% drugstore
superior insurance package including travel medical
Redeem cash back any time, any amount $50 or greater. No waiting until the end of the year
$99 annual fee; $21 less than the other two. Easily the best $99 I spend all year. In fact it's my only keeper card with any annual fee.

Vasyllaw wrote: ↑ I think Meridian changed 2% on recurring bills to utility bills. I called Calabria and they told me that recurring and utility are not the same thing. It is now the choice between TD and Scotia for me.

deltatux wrote: ↑ I had the card when it was launched, it was never changed, it was launched with 2% on utilities and no it's not "recurring bills". It's literally utility bills like power and what not.

Vasyllaw wrote: ↑ Did not know that, was using Meridian for groceries and gas only. Now need to decide which is better TD or Scotia.

smartie wrote: ↑ If you just compare groceries and recurring, then certainly scotiabank momentum infinite is better

But do you have paystubs handy?

deltatux wrote: ↑ I had the card when it was launched, it was never changed, it was launched with 2% on utilities and no it's not "recurring bills". It's literally utility bills like power and what not.