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Best Credit Card Points Program (pg. 2)
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| *~LiSa-LoO~* |
| quote: | Originally posted by bossi
Yes the select service account lets you do all of that for free... gee sounds like a great deal but only if you keep a minimum balance of $5000. Haha. Ofcourse they would offer you all those perks, they have 5000 of your money making money for them. The minute your account dips below 5000 they slap you with a 24.95 monthly service charge. As for the 1% cash back its really nothing to write home about especially when American Express Gold is offering 2% (with no annual fee). |
The money that I have in the account is money that I don't need, so it's not a problem for me. I've had this account for a couple years now and haven't gone under the minimum balance once. Then again, especially for someone my age, I'm very good with personal finances and know that this wouldn't be a problem for me. I know it's not the best option for everyone to have just to get the perks.
I've definitely seen the benefits of the 1% back though, especially since like I said I use my VISA as a debit card. I rarely pay cash. American Express I'm hesitant to get however when I've gone to a number of establishments that I know don't accept it. Plus, I've been very happy with my experiences with TD and all the perks I get. My parents have an AmEX, but I'm only 24 and a student. I think 2 credit cards is enough for me! :) |
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| VERTiG0 |
I have a Royal Bank RBC Rewards Gold Visa, and it gets me a ton of good stuff.
Like many others, it doubles the warranty on any product I purchase with it.
Unfortunately, as the fine-print states, it does not double the warranty on any spacecraft that I purchase. It actually says that. Spacecraft. |
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| FunkyCrew |
just got my CIBC Platinum Visa, instead of the CIBC Optimum Visa which is being discontinued tomorrow
no annual fee, and I don't really care about any perks tbh.. |
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| Jayx1 |
| quote: | Originally posted by *~LiSa-LoO~*
The money that I have in the account is money that I don't need, so it's not a problem for me. I've had this account for a couple years now and haven't gone under the minimum balance once. Then again, especially for someone my age, I'm very good with personal finances and know that this wouldn't be a problem for me. I know it's not the best option for everyone to have just to get the perks.
I've definitely seen the benefits of the 1% back though, especially since like I said I use my VISA as a debit card. I rarely pay cash. American Express I'm hesitant to get however when I've gone to a number of establishments that I know don't accept it. Plus, I've been very happy with my experiences with TD and all the perks I get. My parents have an AmEX, but I'm only 24 and a student. I think 2 credit cards is enough for me! :) |
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| Jayx1 |
| quote: | Originally posted by *~LiSa-LoO~*
The money that I have in the account is money that I don't need, so it's not a problem for me. I've had this account for a couple years now and haven't gone under the minimum balance once. Then again, especially for someone my age, I'm very good with personal finances and know that this wouldn't be a problem for me. I know it's not the best option for everyone to have just to get the perks.
I've definitely seen the benefits of the 1% back though, especially since like I said I use my VISA as a debit card. I rarely pay cash. American Express I'm hesitant to get however when I've gone to a number of establishments that I know don't accept it. Plus, I've been very happy with my experiences with TD and all the perks I get. My parents have an AmEX, but I'm only 24 and a student. I think 2 credit cards is enough for me! :) |
You are better off investing that money. Even most safe investments will beat inflation. Having money depreciate due to inflation in a savings account isnt a good idea. |
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| *~LiSa-LoO~* |
| quote: | Originally posted by Jayx1
You are better off investing that money. Even most safe investments will beat inflation. Having money depreciate due to inflation in a savings account isnt a good idea. |
I actually don't keep money in that account. The only money I keep in there is that minimum balance...and then a safe blanket of money for spending and my VISA. The majority of money I keep in a savings account at ING, and I have a fair bit of money in mid-risk RRSPs, mutual funds and GICs. |
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| bossi |
| quote: | Originally posted by *~LiSa-LoO~*
The money that I have in the account is money that I don't need, so it's not a problem for me. I've had this account for a couple years now and haven't gone under the minimum balance once. Then again, especially for someone my age, I'm very good with personal finances and know that this wouldn't be a problem for me. I know it's not the best option for everyone to have just to get the perks.
I've definitely seen the benefits of the 1% back though, especially since like I said I use my VISA as a debit card. I rarely pay cash. American Express I'm hesitant to get however when I've gone to a number of establishments that I know don't accept it. Plus, I've been very happy with my experiences with TD and all the perks I get. My parents have an AmEX, but I'm only 24 and a student. I think 2 credit cards is enough for me! :) |
Lisa its great that you're good at handling your personal finances but do you really understand finances? That money rotting away in your chequing account could be invested to make more money for you. Even the average "safe" mutual fund returns of 9-12 percent would yield you $600/year (w/o even compound interest) So please tell me as Law student (w/ school bills) do you or do not need that extra bit of money every year? and are the perks worth it? |
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| *~LiSa-LoO~* |
| quote: | Originally posted by bossi
Lisa its great that you're good at handling your personal finance but do you really understand finances? That money rotting away in your chequing account could be invested to make more money for you. Even the average "safe" mutual fund returns of 9-12 percent would yield you $6000/year (w/o even compound interest) So please tell me as Law student (w/ school bills) do you or do not need that extra bit of money every year? and are the perks worth it? |
See above post. While I'm good at handling personal finances, I will admit I'm new to truly understanding them. My dad has been guiding me and trying to teach me about my options, but sometimes it's very overwhelming with all of the other things I have going on (e.g. rushing my Master's degree, volunteer work, my job and balancing my sanity by having some "Lisa" time).
And I'm EXTREMELY fortunate to have my parents supporting me through school (i.e. paying for anything related to my education) |
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| geroin |
like i said in the other thread
canadian tire is one of the best free cc's out there
as for royal bank visa the best one is
rbc visa platinum avion, current promotion where you get 15000 bonus points for signing up before august 31
some benefits of this card
- 15000 bonus points ($125 worth) or a free trip to close by state/province (fly to new york or montreal 2 ways)
- 2500 bonus points next year on renewal
- no black out period
- any airline
- chip system (fraud protection)
- 1 point of every $1 you spend
- diners program where you get more points at restaurants
- emergency purchases insurance
- flight delay insurance
- travel accident insurance for up to $500,000
- purchase security /extended warranty insurance
- hotel/motel burglary insurance
- auto rental collision/loss damage insurance in any country
- ability to convert your points to British Airways miles at 1 to 1.5 times ratio 2-3 times a year or 1 to 1 at any time of the year.
- conversion of points to Cathay Pacific, Esso Extra points
- redemption of points towards financial rewards with RBC (Line of Credit, Mortgage, RRSP, RESP, Personal Loan and more)
- redeem your points for a hotel, car rental or a cruise anywhere in the world
- ability to have the annual fee waived or reduced by $35 by selecting a specific banking package (either a VIP or Signature no limit banking)
- ability to redeem your points towards gift certificates for Esso/HBC/FutureShop/Starbucks, Chapters, and many many others. 3000=$25
-ability to redeem your points towards merchandise online
annual fee is 120 but like i said you get 15000pts which is 125 bucks back |
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| patpicos |
| quote: | Originally posted by geroin
like i said in the other thread
Canadian tire is one of the best free cc's out there
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ur welcome :)
we have the best customer service in North America too! |
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| bossi |
| ^^ please explain how Canadian Tire cc is the best one? |
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| rT19 |
| quote: | Originally posted by Jayx1
this card has got me to argentina twice on american airlines...
amazing |
How many points did that cost?
I use American Express > every $10 = 1 airmile. i might have to switch... |
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