Originally Posted by
BackSlash3
I've done the math on Airmiles and haven't been able to get the reward yield on any redemption higher than 0.65% with the BMO 1/$20 card. So for every $1 you spend on the card you get $0.065 back in rewards.
You're far better off with any 1% cash rebate card, but take a look at your usual spending and the $39 fee on the Scotiabank Momentum card with the 2% cash back on some purchases might be worthwhile.
--B3
Completely agree about the Airmiles program as far as CC's go. I still collect airmiles at Safeway especially with their bonus offers (spend $100, get 100 airmiles), but redeem them for gift cards only. With an Airmiles CC getting 1 per $20 spent I would have to spend $2000 to get that! Airmiles also won't get me into the F cabin, and that is my goal in a mileage program.
I've been very happy with my AS MC. I 'm also thinking of getting the new SPG Amex if I can get it for no fee first year. I like the fact that the spg points transfer 1:1 to most airline mileage programs.