If you are looking to get the most of the your loyalty program or credit card rewards you are not alone. There is so much information out there that it can be overwhelming.
For those who are serious about rewards and pay off your credit card debt each month, the two leading rewards cards are from American Express.
They are:
– American Express Cobalt (Like this card!)
– Scotiabank Gold American Express
However, you will find that AMEX is by far the least popular among vendors and often you will need to pull out a Visa or Mastercard because “We don’t take Amex”. The two things I like the most about the Amex rewards is the reward value and the ease of redemption.
If you are a Costco member then I recommend you get the Costco Mastercard and sign up for the Costco Executive membership. The Executive membership will typically provide you an annual 2% rewards cheque that covers the cost of the membership.
Worth checking out:
https://www.greedyrates.ca/ (Really like this site. It is clean with a good comparison tool)
https://www.moneysense.ca/spend/credit-cards/best-credit-cards-in-canada/
https://www.ratesupermarket.ca/credit_cards/rewards (Note they don’t review the Cobalt)