Whats the highest cashback or rewards card?

Cronos647 wrote: ↑ Currently have to spend close to 8-10K in the next 2 months. Was wondering what the best visa/mastercard would be for that?

I saw Scotia's visa infinite has 10% cashback but its limited to $200 cb for the promo. I tried googling it, but found limited cards (some were the cashback is only applied to spend in categories).

deltatux wrote: ↑ What are your spending categories gonna be like? If it's just spend that normally don't apply to accelerator categories, then something like the AMEX SimplyCash Preferred or the Brim World Elite MasterCard are your best bet as they pay flat 2% CB. the Brim WE MC has FYF offers. Your next best option is the Rogers World Elite MasterCard.

Some may also recommend the AMEX Business Platinum credit card since you can extract a lot of value with AMEX's Membership Rewards program if you're a traveller. It has a high $500 annual fee but if you're a big spender, you can easily get a lot of value out of the card.

Since you haven't really provided much info, there's not much we can really say...

Cronos647 wrote: ↑ Spending would have no reward categories (I think?). Its medical spending so I don't think a category would exist for that.

Can't use AMEX because they only accept visa/mastercard. I will definitely check out the rogers and brim cards! Thank you!

I was looking for opportunties that would provide intro promos like the 10% cb or something to maximize rewards... spending all this money, may was well get benefits from it

Cronos647 wrote: ↑ Spending would have no reward categories (I think?). Its medical spending so I don't think a category would exist for that.

Can't use AMEX because they only accept visa/mastercard. I will definitely check out the rogers and brim cards! Thank you!

I was looking for opportunties that would provide intro promos like the 10% cb or something to maximize rewards... spending all this money, may was well get benefits from it

mikka2017 wrote: ↑ MBNA rewards we.... Buy prepaids mc or visas at grocery stores for 5. 5x

mikka2017 wrote: ↑ MBNA rewards we.... Buy prepaids mc or visas at grocery stores for 5. 5x

deltatux wrote: ↑ Buying $10k worth of prepaid credit cards in a short time period may look quite suspicious. Do this at your own risk.

Cronos647 wrote: ↑ Wouldn't the activation fee counteract the cb?

ml88888888 wrote: ↑ Get a reloadable prepaid that allows up to $5k balance.

deltatux wrote: ↑ It would still look suspicious to see thousands of dollars spent at grocery stores in a short time period. Still I would advise to proceed with caution & at your own risk in case the card issuer decides to shutdown the account for manufactured spending.

mikka2017 wrote: ↑ is mbna strict like amex? im not saying straight gcs..u throw in a banana to make the charge amount different all the time

Cronos647 wrote: ↑ Currently have to spend close to 8-10K in the next 2 months. Was wondering what the best visa/mastercard would be for that?

I saw Scotia's visa infinite has 10% cashback but its limited to $200 cb for the promo. I tried googling it, but found limited cards (some were the cashback is only applied to spend in categories).

CalgaryBen wrote: ↑ I recently opened both a CIBC Dividend Platinum Visa and a CIBC Dividend Infinite Visa (about a month apart) to take advantage of welcome bonuses. If you open through Great Canadian Rebates (Platinum here, and Infinite here), they say you'll get 10% CB on your first $2500 of purchases, but in my experience it worked out to 10% CB on the first ~$3000 (due to the way they awarded regular cashback based on category, and then topped off from a "pool" of $250 CB to bump cashback to 10% across the board).

No problem applying for both these products even though I already have a basic CIBC Dividend Visa, and in fact I got $12.5K CL on the Platinum and $12.5K CL on the Infinite. Also only a single hit on Equifax to open both accounts.

Only caveat is that you'd want to do some organic (<$300) spending on both cards (e.g. dining, groceries and everyday purchases, etc.) first before going to town with any big-ticket purchases. If you make a large purchase as one of your first few transactions, you'll likely trigger CIBC's fraud-detection algorithm and transactions will get declined. My big-ticket transactions (>$1500) wouldn't go through as an early transaction, but were no problem once the algorithm got a chance to be "trained". Had a project where I had to pay plumbers, cabinet vendors, and other trades and sub-contractors, so it was important to time those after I did some regular spending for groceries and at restaurants.

Was an easy ~$600 CB on ~$6000 spend (more accurately, ~$100 regular CB, plus $500 bonus/promo CB). See this post for an example of how cashback was awarded. There are some DPs suggesting you could apply for multiple Dividend Platinums or Infinites as well, although if you have a P2 that might have benefits as well.

Cronos647 wrote: ↑ lol the only reason I was looking for a card with high cb was for big-ticket expenses. So my spend would be 0 for every category, except like medical costs/furniture, so its harder to find something that covers that.

I'm already a customer at CIBC so hopefully fraud detection isn't a problem. I'll check it out, Thanks!