Originally Posted by davistev

This one is an interesting point with Canadian banks. I am no longer a Canadian resident as far as the tax man is concerned but I still have Canadian credit cards and pension savings in Canadian banks. I have not had any problems with the tax man regarding these accounts as I have a principal residence outside of Canada. Canada is my summer "vacation" destination.

There was some grumblins from my bank about me having an account with them and they said it was not allowed. I said fine = close it - but they could not because of the restrictions placed upon the bank by Canadian Pension laws. I have what they call "Locked in Retirement Money"(LIRA) which can not be withdrawn until I am old and grey under any circumstances. Plus - I owe them student loan money. The long and the short of it was it was not in the banks interest to shut me down and they did not. Hence, I get to keep my cards.

On the other hand - E*Trade Canada shut me down real fast. Overall, Canadian banks cannot have money in their banks if it does not come from Canadian residents. Unlike the US or the UK or Switzerland.

I would suggest - make the "moves" needed to show that you have cut ties with Canada and keep your Point Based cards running. (American Express has no problem with this).