Credit Card

July 2

Tim Hortons Double Double Visa Credit Card Now Available With CIBC!

Posted by on July 2, 2014 at 7:00 PM

Tim Hortons Double Double Visa Credit Card Now Available With CIBC!

Following a partnership with Tim Hortons, CIBC now has the Tim Hortons Double Double Visa card available!

Considering how addicted most of us Canucks are to Tim’s, this new partnership is bound to make many happy! The Tim Hortons Double Double features a 1% cash back, which means that you will get 1% of the total you spend back in the form of Tim Hortons dollars. This basically amount to $1 back for every $100 spent.

But the real excitement comes in the form of new technology used in the card as it has two buttons on it: one for the Visa card and one for the Tim’s card, each of which need to be pushed depending on the purchase you’re about to make. If you’re at a Tim Hortons store and wish to redeem the money you have earned, then you simply push the “Tim’s” button and if you’re at any other store, then you push the “VISA” button. In either case, a light will come on to show which part of the card you’re using. The Tim’s card may also be reloaded in any regular fashion, whether online or in person at a Tim Hortons store.

Other perks of the Tim Hortons Double Double card include:

  • $20 welcome bonus once $200 worth of purchases are made on the Visa card
  • 50 free Timbits with every 50 Visa purchases
  • 1 free baked good when 5 purchases are made on the Tim card and 5 purchases on the Visa card per month

With zero annual fees, it has an interest rate of 19.99% on purchases and 21.99% for cash.

For any frequent visitor of Tim Hortons, this should definitely be a very enticing offer, especially given the convenience of having a Tim’s and a credit card in one.

How often do you visit a Tim’s and is this a credit card you would like to have?

(Expiry: Never)

Moose Rating (2 votes)
March 16

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value) (Expired)

Posted by on March 16, 2014 at 1:30 PM

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value) (Expired)

MBNA has a Sony MasterCard promotion that gives you 10,000 points worth $100 after you spend $1,000 in eligible purchases by June 30th, 2014.

There is NO annual fee for this credit card. The Sony Card earning system works like this:

  • 2 points per $1 spent on eligible purchases at SonyStyle.ca and in Sony stores
  • 1 point per $1 spent on all other eligible purchases
  • 10,000 BONUS points after $1,000 of eligible purchases with your Sony Card
  • BONUS points on every $1 spent on eligible purchase using your card at SonyStyle.ca and in Sony stores during special bonus point events

You must apply for your credit card by the 31st of March 2014 to be eligible for the bonus Sony points.

Your 10,000 Sony Points you can redeem on purchases at The Sony Store online. Use your $100 worth of points to get half off the PS Vita (Wi-fi) from Sony. If you are eying up the new PS4 you could also apply your points to get $100 off that new gaming console when it is back in stock.

Now, credit cards are best if you don’t abuse them. Always pay them off in time and never incur interest charges. That way you can borrow without any penalty and in many ways make money off your credit card. That is the smart way to use a credit card.

(Expiry: 31st March 2014)

Moose Rating (1 votes)
February 6

How To Choose The Best Reward Credit Card

Posted by on February 6, 2014 at 8:00 PM

How To Choose The Best Reward Credit Card

I have been using my credit card for many, many years; I love the convenience of it.  I have the paypass technology, and it is so handy to just tap and pay for my small purchases.  I recently got a new credit card specifically so I could take advantage of the great perks from this card, which got me thinking, what are the best options for reward credit cards?  There are so many promos and advertisements these days that it’s hard to determine what the best options are.  I saw a television program a few weeks ago about the frugal travel guy  who uses credit cards to obtain free (or extremely cheap) travel.  This led me to apply for the RBC Westjet credit card, so I could take advantage of the $99 companion travel deal, and the Westjet dollar welcome bonus.  My honey and I are taking a cruise in March, and I wanted to get the best deal possible on our flight.  Although reward systems with credit cards are subjective, and specific to the person using them, below are some ideas on how to get the best deal on your credit card.

Ask yourself:  What am I using this card for?

When you are looking for a credit card the first thing to consider is what you are going to use this card for.  Do you need it for work-related travel expenses?  Are you attracted to the rewards of the card like trip cancellation insurance?  Do you need a low interest card because you can’t pay off your balance each month?  All of these questions are important to ask yourself before you apply for a credit card.  If you use credit cards appropriately, you can get awesome rewards and incentives from using them.  If you choose the wrong card, however, you could be paying hundreds (and sometimes thousands) of dollars in interest charges.  Check out this article from Moneysense magazine about the best Canadian credit cards, and this article from The Star.  These articles outline your best credit card options by category: low interest rate cards, travel reward cards, business cards, etc.  Unfortunately, the rewards card I have had for the past 10 years (BMO AirMiles World Mastercard) didn’t even make the list for top 10 cards.  I really like using the Air Miles rewards for things like groceries, movie gift certificates, and travel, but unfortunately I am not getting the best bang for my buck using this card.  I am saving Air Miles for an upcoming trip to Disney, but once that trip is over, I will be using my new card as my primary credit card.

What benefits do you need/want from the card?

Although I applied for my new WestJet Mastercard primarily for the first year rewards, I am thrilled to see that it is ranked as the best travel rewards card in Canada.  I am also excited about the fact that trip cancellation insurance comes as a benefit of the card.  I was going to purchase a separate policy through my car insurance provider anyway, so the fact that it comes included in this card’s benefits is a bonus.  When I compare what I was going to pay for trip cancellation insurance, the $100 annual fee for the Westjet Mastercard is worth it!  Although these benefits were a surprise to me, take a few minutes to think about what benefits you could possibly need, including trip cancellation insurance, roadside assistance, flight delay insurance and car rental collision insurance.  Then compare your insurance needs to the benefits each card affords.  You might be surprised to learn that the benefits you desire are included in the credit card offering!

Call your credit card company to negotiate

Don’t be afraid to contact the bank to negotiate the annual fees on your credit card.  As I mentioned previously, I have had my BMO AirMiles World Mastercard for almost 10 years, and I finally clued in about 5 years ago to the fact that I could negotiate the annual fee.  I simply called their helpline and asked to speak with a manager.  I then politely inquired about reducing the annual fee.  He agreed, and my annual fee is now half of what it was.  There is always room for negotiation with fees, although it helps if you are a long-standing customer with your bank.

Before you get a credit card, consider this

Gail Vaz-Oxlade is teaming up with small businesses to encourage people to abstain from using credit cards on Fridays.  In this Globe and Mail article, the costs of credit card usage is discussed.  In  this article the hidden side of rewards cards are revealed.  The bottom line for credit cards is buyer-beware – do your research and understand what you are signing up for.  Potentially, you could negatively impact your credit score by applying to too many credit cards, so ensure that you do your homework upfront.

Credit cards are a handy payment tool, and I love the rewards I get from mine.  Although they can be a tool, they can also cause financial hardship if you don’t have the means and discipline to pay them off every month.  Do your research on credit card options, and don’t be afraid to negotiate the monthly fees.

Bargainmoosers, what is your favourite rewards card?  Please share in the comments below!

Photo Credit: Simon Cunningham

Moose Rating (2 votes)
November 13

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value) – NOW EXPIRED

Posted by on November 13, 2013 at 12:30 PM

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value)   NOW EXPIRED

MBNA has a Sony MasterCard promotion which gives you 10,000 points (instead of 2,000) after you spend $400 in eligible purchases by January 15, 2014. That is a $100 value!

There is NO annual fee for this credit card. The Sony Card earning system:

  • 2 points per $1 spent on eligible purchases at SonyStyle.ca and in Sony stores
  • 1 point per $1 spent on all other eligible purchases
  • 10,000 BONUS points after $400 of eligible purchases with your Sony Card
  • BONUS points on every $1 spent on eligible purchase using your card at SonyStyle.ca and in Sony stores during special bonus point events

Cardholders will also have a chance to win a Sony PlayStation4! It looks like successful applicants will be entered into a PS4 draw.

With the points, you can redeem them for lots of great stuff online at The Sony Store. The 10,000 points can be redeemed for $100 towards any purchase at Sony Canada. I have a Sony camera that I would love to get a new lens for and maybe an external flash. I know that $100 towards a new lens would go a good way. This offer is only available to new Sony Card credit card holders, or existing cardholders who qualify for an additional account.

Now, I know tons of people are against credit cards but I think they have their use. For one, it is nearly impossible to shop online these days without a credit card. Not every company accepts debit or Paypal. Also, if you always pay off your credit card (no interest) and get a no-fee credit card you can actually make money off of your credit card.

(Expiry: 20th December 2013)

Moose Rating (1 votes)
September 29

HomeDepot Canada: 10% Off Or No Interest For 18 Months On Purchases $450+ With Home Depot Card

Posted by on September 29, 2013 at 8:00 PM

HomeDepot Canada: 10% Off Or No Interest For 18 Months On Purchases $450+ With Home Depot Card

Use your new or existing Home Depot card to get 10% off, or no interest for 18 months!

There are a few things you need to know with this sale. The 10% off is only available on purchases of $450 or more in-store. The 18 months no interest is available online or in-store on purchases over $450. You can do your own math to figure out what is a better option for you.

Winter is coming up, and that means snow blowers will be purchased. I don’t know that they are showing up in local stores yet, but they are definitely online, so picking one up with no interest would be great. If you don’t want a snow blower, there are tons of other things you can pick up. Home Depot has it all, from flooring, to appliances, to power tools and construction materials. I know if I was doing this, I’d have someone come and haul my old, beat up shed away and I’d get Home Depot to plop a brand new one in my back yard. Mine is falling apart so badly that at this point I might as well not have a shed.

(Expires: 2nd October 2013)

Moose Rating (1 votes)
September 3

MBNA Smart Cash Mastercard: 5% Cash Back on Qualifying Purchases for 6 Months

Posted by on September 3, 2013 at 11:30 PM

MBNA Smart Cash Mastercard: 5% Cash Back on Qualifying Purchases for 6 Months

There’s nothing like getting money just for spending money! Do exactly that with MBNA’s Smart Cash MasterCard.

Before I say anything else I want to point out that credit cards can be dangerous. It’s easy to get in way over your head with credit card debt so only get a credit card if you’re responsible enough to manage it.

But if you are going to get a credit card, you might as well get a cash back card. I have one and it’s great. I almost never use it but I should probably start using it. I get more cash back on gas and food so even if I started using it just for that I’d probably get more. MBNA has a deal right now that lets you get 5% cash back on eligible grocery and gas purchases for the first six months. After that you get 2% on gas and groceries and 1% on everything else. You also get 1.99% interest on balance transfers and deposits for the first ten months.

I did some quick calculations and based on my average gas and grocery expenditure I could make $300 using this card! If you have multiple cars, long commutes, big families, etc., you can get even more. If you’re really disciplined and you always pay off your balance before they charge you interest you can make a good chunk of money off of this thing. They send you a cheque any time your balance gets over $50.

(Expiry unknown)

Moose Rating (1 votes)
February 10

Scotiabank Canada: Low Interest & Student Credit Cards

Posted by on February 10, 2013 at 1:30 PM

Scotiabank Canada: Low Interest & Student Credit Cards

Scotiabank has two interesting credit card officers I wanted to share with our Moosers. They have a no annual fee student credit card with an annual cash back feature (which is awesome) and they also offer a low interest no fee credit card if you are not a student.

The Student card offer is really good. It is for students only, ages 18-25 years. Here are the features:

  • Earn up to 1% money back every year on the purchases you’ve made with your card
  • Interest free grace period of at least 21 days on purchases
  • 20% discount rates at Avis Car Rental
  • Take advantage of other VisaPerks
  • Interest rate of 19.99% on purchases and 21.99% on balance transfers and cash advances

I suggest never carrying a balance. The 1% money back every year is awesome because student expenses can really add up – and that added cash back once a year is fairly nice.

This is a great card if you need a low interest credit card, without any bells and whistles. If you DO carry a balance on a higher interest rate card, it might be a good idea to switch and save yourself some dollars. It has an annual fee, but the money you will be saving in interest will highly outweigh the annual fee. Here are the features:

  • 11.99% interest rate on purchases and on balance transfers and cash advances
  • Interest free grace period of at least 21 days on purchases
  • 20% discount rates at Avis Car Rental
  • $29 annual fee
  • 0.99% interest rate on cash advances and balance transfers for the first six months for accounts opened by Feb. 28th

Carrying a balance is never a good idea – but if you have to carry a balance it is best to get onto a card that charges you the least amount of interest.

(Expiry: Unknown)

Moose Rating (3 votes)
January 20

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value) – EXPIRED

Posted by on January 20, 2013 at 2:00 PM

MBNA Sony Mastercard: Extra 10,000 Sony Points ($100 Value)   EXPIRED

MBNA is launching a new Sony MasterCard promotion which gives you 10,000 points (instead of 2,000) after your first eligible transaction. This is a $100 value!

There is NO annual fee for this credit card. The Sony Card earning system:

  • 2 points per $1 spent on eligible purchases at SonyStyle.ca and in Sony stores
  • 1 point per $1 spent on all other eligible purchases
  • BONUS points on every $1 spent on eligible purchase using your card at SonyStyle.ca and in Sony stores during special bonus point events
  • 10,000 BONUS points after your first eligible purchases with your Sony Card

With the points, you can redeem them for lots of great stuff. This offer is only available to new Sony Card credit card holders, or existing cardholders who qualify for an additional account. To qualify for this offer, cardholders must use the account for at least one purchase transaction. Allow 8-10 weeks from the qualifying transaction date for the bonus Sony Points to be posted to your Sony Points account.

Expiry: 14th February 2013

Moose Rating (2 votes)
January 20

The Bay Canada: Save Additional 15% w/ Credit Card & Total Savings Up To 70% Off

Posted by on January 20, 2013 at 10:00 AM

The Bay Canada: Save Additional 15% w/ Credit Card & Total Savings Up To 70% Off

The Bay Canada has some really great deals happening this weekend.  Save 15% on everything when you use your HBC Mastercard or Credit Card with a total savings of up to 70% off.

When you use your HBC Mastercard or Credit Card at the checkout, you will save an additional 15% off your purchases this weekend only.  This includes all regular priced items, sale and clearance items.  That is a nice little bonus for just using your credit card.  In addition to this, you will be able to save huge with all of the sales they have on right now. There are deals up to 60% off making your total savings up to 75% off at the checkout.

Here is a look at some other great deals you will find this weekend:

  • 50% Off Women’s Fall and Winter Fashion collections
  • 60% Off Women’s Fall and Winter Dresses
  • Take an Extra 50% Off Women’s Footwear Clearance
  • 65% Off All Advancia Cookware sets
  • Save up to 70% on Luggage
  • 50% Off Men’s Fall Outerwear

There are actually even more sales on than just this in almost all of their departments.  This is a great time to get those items you might not have been able to get over the holidays because you can save so much money on your purchases right now.

(Expiry: 20th January 2013)

Moose Rating (3 votes)
October 7

MBNA Canada: Best Western Rewards MasterCard (Expired)

Posted by on October 7, 2012 at 7:00 PM

MBNA Canada: Best Western Rewards MasterCard (Expired)

If you need a credit card, you might as well get free stays at a Best Western while you’re at it! But how do you obtain this without using some sort of wizard voodoo magic? Why, MBNA and Bargainmoose, of course!

…or you could use wizard voodoo magic. Your call.

First thing I have to say is that if you can live without a credit card, please do. I got in a lot of trouble personally with a Credit Card and just recently got out of trouble with it. If you need one, keep the limit as low as is humanly possible. Remember, they need you, you do not need them. Make sure you read the contract before you sign up.

That warning aside, a lot of people need a credit card and this is a great one to get. I work for a competing hospitality company and I know with my points I bought myself a PS3. That’s what a lot of people don’t realize, I think. these hotel rewards aren’t just for more hotel stays. You can get airline travel, gas, meals at restaurants and my favorite, gift cards. I have people who work with me who have helped buy decks, ride on lawnmowers and any number of other products using their points. Now the points we have aren’t Best Western, of course, but it’s the same idea.

I was going to write up all the benefits but MBNA’s PR shills did a pretty good job all on their own so here we go:

  • Earn Best Western Rewards points for your everyday expenses
  • Receive 20,000 bonus Best Western Rewards points after your first qualifying purchase
  • Earn 1.5 Best Western Rewards points for every $1 in net retail purchases
  • Receive 50 Best Western Rewards points for every cash advance transaction over $50
  • Receive a one tier elite status upgrade within the Best Western Rewards program when you spend $6,000 on your card within one year
  • Earn even more Best Western Rewards points by staying at Best Western hotels or spending with our retail partner

(Expires: Unknown, probably not for a long, long time)

Moose Rating (2 votes)
June 21

American Express Gold Rewards Card With 15k to 25k Welcome points

Posted by on June 21, 2012 at 9:00 PM

American Express Gold Rewards Card With 15k to 25k Welcome points

American Express Canada is offering welcome bonus points” to new members. Receive 15,000 bonus points for personal use card by making $500 in purchases during the first 3 months of membership. For the small business owners card, receive 25,000 bonus points when purchases reach $3000 within the first 3 months of membership . There is no annual fee for the 1st year, a savings of $150 to $180 depending on card chosen.

We don’t often write about credit cards here on Bargainmoose as we’re more into everyday deals and spending, but sometimes there’s a good offer on a credit card which needs a mention. And I am pretty sure that most of the Bargainmoosers have a credit card or two on the go, and don’t mind switching between cards to make sure you get the best offers and rates.

Benefits of American Express Card:

  • earn double points on eligible purchases and travel
  • points never expire
  • use points to pay charges
  • transfer points to frequent flyer programs
  • no pre-set spending limit
  • no annual fee (for 1st year)
  • receive 1 free supplementary gold card (value of $50)
  • 0% interest if balance is paid monthly

Visit American Express membership rewards and benefits to view more details. Just make sure you read all the small print before you sign up to the American Express credit card, to make sure it will suit your needs.

If you shop with credit cards, which most of us do now, this might be worth a look. It doesn’t hurt to take advantage of free offers for something you’re going to use anyway!

(Expiry unknown)

Moose Rating (2 votes)
August 1

Free Coupons & Deals For American Express Cardholders!

Posted by on August 1, 2009 at 11:00 PM

Free Coupons & Deals For American Express Cardholders!

If you have an American Express credit card, there are a few exclusive deals and offers available, in various locations across Canada. To get each of these offers, you will need to pay with your AMEX card. Some are in-store only so I have linked to the appropriate printable coupons.

Iyashi Spa Coupon (Toronto)
www. iyashibedrockspa.com
Discount: 15% off
Coupon Code: AMROCK
Expires: 31st December 2009

 

The Fairmont Palliser coupon (Calgary)
www.fairmont.com
Deal: Various hotel deals
Expires: 24th September 2009

Kerrisdale Cameras coupon
www.kerrisdalecameras.com
Discount: Free shipping on a $50 spend
How: Email orders to orders@kerrisdalecameras.com and a representative will contact you, or order by phone at (604) 263-3221 or 1-866-310-3245.
Expires: 30th September 2009

 

Best Western coupon (Calgary)
www.bestwesternsuitescalgary.com
Discount: 15% off
Coupon Code: BWAX
How: Print this coupon
Expires: 1st May 2010

 

FutureShop Coupon
www.futureshop.ca
Discount: 10% off select appliances
How: Print this coupon
Expires: 7th August 2009

 

Jacques coupon
www.jacqueshome.com
Discount: 15% off
Coupon Code: JHMAY2009
How: Print this free coupon
Expires: 31st October 2009

 

Thrifty Car Rental coupon
www.thrifty.com
Discount: 15% off
Coupon Code: AXCN
Expires: 31st December 2009

 

Ruth Chris Steak House coupon (Toronto & Mississauga)
www.ruthschris.com
Discount: $40 free gift cards when you spend $250
How: Print this discount coupon
Expires: 31st August 2009

 

Relais & Chateaux coupon
www.relaischateaux.com
Discount: Complimentary Night + VIP Welcome
Coupon Code: Romantic Escapes
Expires: 31st December 2009

 

Budget Car Rental coupon
www.budget.com
Discount: 5% off
Coupon Code: BCD #A672200
Expires: 31st December 2009

 

Ste Anne’s Country Inn & Spa coupon (Toronto)
www.steannes.com
Discount: Complimentary room upgrade
How: mention this offer when booking
Expires: 30th November 2009

 

Canadian Snowmobile coupon
www.canadiansnowmobile.com
Discount: 20% off any tour
Mention: “Amex Discount”
Expires: 30th November 2009

 

Spud coupon (Metro Vancouver, Vancouver Island, Calgary)
www.spud.ca
Discount: 15% off $35+ (new accounts)
Coupon Code: AMEX8
Expires: 1st December 2009

 

London Drugs coupon
www.londondrugs.com
Discount: Buy 2 identical London Drugs Deluxe Photo Books & you get 2nd photo book for half price.
How: Print this coupon
Expires: 9th August 2009

Moose Rating (2 votes)
March 3

Business Gold Rewards Card @ AMEX ($72 Free Cashback)

Posted by on March 3, 2009 at 7:55 PM

If you were thinking of signing up to a new business credit card, then check out this credit card deal from American Express Canada. They are doing a limited time offer on their Business Gold Rewards Card. Some of the perks I can see with this particular card:

  • Free for a year (Saves $180)
  • Free 25,000 welcome points if you spend $1,000 in 3 months (Worth 25,000 Aeroplan miles)
  • Membership rewards – earn 1 point for every single dollar charged to your credit card
  • Up to 40,000 bonus points per year

Don’t forget to go through Dealguild Canada to get yourself $72 free cashback when signing up to this American Express Credit card! I’m pretty sure you have to be a registered business to sign up, I don’t think individuals can apply. There’s a field on the form for “registered business name.”

I don’t know that much about business credit cards, I’ve never had one. You can see the full terms and conditions on the American Express web page, so be sure you have a good read through them, with a magnifying glass if you need it!

Thanks Andres Rueda.

Moose Rating (1 votes)