Personal Finance

What credit cards are you using?

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  • May 4th, 2016 11:09 pm
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[OP]
Newbie
Nov 18, 2012
45 posts
8 upvotes
Greater Toronto Area

What credit cards are you using?

Hi all,

I thought I'd create this thread to solicit feedback/criticisms about the cards I actively use myself, and to see if others can benefit from a lively discussion about which card(s) are best for their own needs. These are NOT cards I churn, and they've been a staple in my wallet for years.

#1: AMEX SPG

- for everything I possibly can
- best point redemption values @ 6-10%+ when I redeem them at hotels where and when I actually stay
- accepted almost everywhere I go (except Costco...)
- was told by Frank Abagnale that AMEX has the best policies in the event of fraudulent use

#2: MBNA Rewards World Elite Mastercard

- for all those other places that don't take AMEX
- no annual fee with 2% cash back on everything, no limit, redeemable direct to my chequing account in increments of $50

#3: Chase Marriott Rewards Visa

- used almost exclusively on transactions involving foreign exchange (no FX fee)
- haven't been able to make use of the annual free night credit
- considered replacing with the Amazon Visa, but waiting to see what happens with the Marriott-SPG merger

Thoughts anyone?
69 replies
Deal Addict
Oct 20, 2004
3471 posts
542 upvotes
Toronto
1. BMO World Elite Cash Rewards MC - 1.75% cash back, FYF (Free if you have premium bank account w/ $5000 in there), Roadside assistance, lounge
2. Scotiabank Momentum Infinite - 4% gas/groceries, 2% drug/recurring bills, FYF, 1% all else
3. BMO World Elite Cash Back - 2% gas/groceries, 1% all else, No fee - Use this for Costco gas exclusively for now

I will use #3 when #2 runs out.
Deal Addict
User avatar
Aug 9, 2011
1946 posts
332 upvotes
GTA
1.RBC Westjet World Elite Mastercard (charge on everything else to accumulate WJ dollars) & the annual companion ticket is what makes this card awesome.
2.Tangerine Mastercard 2% on three catagories (GAS/GROCERIES/RESTAURANTS)
3.AMEX GOLD FYF, will cancel soon. Took advantage of the welcome bonus

I use #2 more as my everyday card for the three categories and use #1 for everything else ie. bigger ticket items.
Sr. Member
Nov 13, 2009
530 posts
231 upvotes
Oakville
Rogers Master Card 1.75% everywhere
Amex simply cash 1.25% for purchase protection and insurance
Member
Jan 16, 2011
448 posts
129 upvotes
Toronto
raygeta wrote: ...
#2: MBNA Rewards World Elite Mastercard
- for all those other places that don't take AMEX
- no annual fee with 2% cash back on everything, no limit, redeemable direct to my chequing account in increments of $50
...
How is it 2% back on everything with no annual fee?
Deal Addict
Mar 11, 2007
3944 posts
1171 upvotes
QC
MBNA SmartCash: 2% Gas/Grocerie (family card for everything), 1% for everything else
Personal Tangerine: 2% Restaurant/Drugstore/Recurent Bill
Personal grandfathered Capital One Aspire Cash; 1.5% flat for everything else
Member
Aug 9, 2014
468 posts
106 upvotes
Toronto, ON
ihacki wrote: How is it 2% back on everything with no annual fee?
Theyre probably on the grandfathered plan. While this card looks tempting, I have a feeling TD will screw around with this card in the near future.
Sr. Member
Nov 29, 2014
680 posts
80 upvotes
Pitt Meadows, BC
I use Tangerine CC for 90% of my purchases.

Easy and simple that is what I want. I get rewards every month. The percent matters. If the card caused me issues I get rid of it no matter the percent. So far no problems.
I play the video games H2, WC3. I bank with low fee or no fee banks like Implicity. If you got questions ask.
Jr. Member
Jul 12, 2015
125 posts
16 upvotes
TO
PCF WE Mastercard - everything goes on it
BMO SPC Mastercard - don't really use this anymore, just sits in walet
Deal Addict
User avatar
Aug 6, 2007
1908 posts
491 upvotes
Smart cash world - gas and grocery
Tangerine cc - entertainment, recurring bills and restaurants
Amazon visa - foreign transaction, travelling, amazon
Amex gold - for points only, will close soon
Shoppers optimum RBC cc - got it when I was an employee, with our discount, we can either pay by cash, debit or this credit card. Other forms of credit cards are not allowed.
Deal Addict
User avatar
Dec 14, 2007
3102 posts
1515 upvotes
Purplenim wrote: PCF WE Mastercard - everything goes on it
BMO SPC Mastercard - don't really use this anymore, just sits in walet
But everything that isn't Loblaws/Esso/Shoppers is only 1% on PC WE, right?
Jr. Member
Jul 12, 2015
125 posts
16 upvotes
TO
atomiton wrote: But everything that isn't Loblaws/Esso/Shoppers is only 1% on PC WE, right?
Yes. Ideally I would have a sceond card for these other purchases, but I haven't really found one that looks appealing.
Moderator
User avatar
Mar 23, 2004
44192 posts
9982 upvotes
Markham
These kind of threads always come out once every few months :D

(1) BMO World Elite - Everything except the 3 things below and foreign charges
(2) Tangerine MC - Restaurants, Gas, Recurring Bills 4% (3 months)
(3) Rogers MC - Foreign charges
Deal Addict
Apr 18, 2008
1355 posts
515 upvotes
Toronto
My main card is Capital One Aspire Cash (World Elite or Platinum?? whatever the higher category), main feature is "no annual fee with full travel insurance type benefits" which is quite rare (are there other cards with that)? Effective cash back of 1.5% on everything (1% immediately + 0.5% annually). Also has purchase price / accidental damage protection. I think card is no longer offered.

Secondary card is Chase amazon.ca Visa for foreign currency / amazon.ca purchases (1% cash back in chunks of $20).

Can I do any better with no-fee cash back cards than 1.5%?
Amerifriend threads need to include instructions on how to acquire an amerifriend. :confused:
Deal Addict
Feb 24, 2008
2080 posts
634 upvotes
1. Tangerine MC for Grocery, Gas, Public Transit (2% regularly, 4% promo until July 10).
2. PC Elite MC (3% cashback for grocery shopping at Loblaw owned stores such as No Frills and Shoppers Drug Mart)
3. Capital One Aspire for everything else.
3. Amazon.ca Visa (no forex transaction fees for cross border shopping).
Deal Addict
Jul 15, 2009
2337 posts
1492 upvotes
1. everything else: 2%, $20 fee - grandfathered Capital One Travel
2. gas & groceries: 4%, rotate FYF offers on Scotia Amex Gold, Scotia Visa, CIBC Dividend Infinite
3. foreign purchases: effectively 3.5%, no fee - Amazon Visa (1% return plus 2.5% savings on currency exchange)
4. Canadian Tire and CT-owned stores: 4%, no fee - CT Options MC, also 0.8% on property taxes
5. cheap loans: MBNA

If grandfathered C1 Travel ever goes away, probably replace it with the $30/1.75% Rogers MC.
Member
Apr 2, 2016
482 posts
318 upvotes
1. American Express Gold Rewards (put everything on it, except for Cineplex)
2. Scotiabank Scene Visa (for Cineplex & equivalent of 1.34% back where Amex is not accepted)
3. BMO Air Miles Mastercard (old card, keep active to maintain reporting history)
4. American Express Air Miles (converted from old Plat Air Miles, keep active to maintain reporting history)
5. Vancity Enviro Visa (oldest card, keep active to maintain history)

New Cards not used yet:

Scotiabank American Express Gold
Chase Marriott Premier Visa
Deal Guru
Oct 3, 2006
10389 posts
740 upvotes
Toronto
1. Capital One Aspire Travel World Elite MasterCard (grandfathered version) as my main card for 2% on everything when I redeem travel.
2. Tangerine Money-Back MasterCard 2% (4% promo until July 10) on restaurants, entertainment and public transportation. I will use this for the aforementioned 3 categories until the promo is over.
3. Chase Amazon.ca Visa for foreign transactions.
Newbie
Jul 9, 2015
26 posts
1.Capital One Aspire (1.00%+0.25%)
2.Scotiabank Momentum (4% grocery,gas,2% bill and drug)
3.Tangerine (restaurant, furniture, entertainment)
4.BMO US CC (US purchase)
5.CT CB card (Hydro, Utility gas, property tax)

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