May 13, 2013, 10:15 pm
Last edit by: jerry305
CANADIAN REFERENCE ON FLYERTALK Canadian Credit Card Master List - Curated for Best Offer A complete listing of all the major credit cards in Canada along with their sign-up bonus, annual fee, CPM, and other pertinent information.
AMEX recent discussion American Express Canada application and reward strategies (2018) • Which credit card should I get? • Cards with good bonuses • List of Credit Cards with Great Welcome bonuses (RFD version)
BLOGS Canadian Kilometers • PointsNerd • Rewards Canada • Don't Call the Airline! • Pointshogger • Canadian Travel Hacking
CONFERENCE • PointsU conference (2018 & 2019 website)
MilesBuzz: Canada
May 12, 2015, 5:51 pm
#1816
Join Date: May 2014
Location: YYZ
Posts: 527
I have switched RBC products numerous times now and always got whatever bonus was advertised. I've have maintained BA for about 5 years for the first/business class companion pass and also rotate between Avion(15000), WestJet($250 westjet dollars + companion pass, and Shoppers(free but comes with optimum points)). In my opinion the value of BA has really decreased and am going to focus on Avion due to transfer bonuses to American who has way lower taxes than BA, or to BA if you want. I would actually cancel my BA but I have trips booked and the terms state that you must have a card in good standing at time of travel. Depends what you are redeeming for I guess, but at $165.00/yr the taxes are brutal, availability is terrible unless you book a year out that it is less and less attractive. 30000 points is way easier to get with a free Amex gold card for 25000 and an Avion which will give at least 15000 for $120/yr plus a 50% transfer bonus regularly. Looks like you would get 47500 for $120 with more flexibility.
Btw, you can have the Avion FYF by calling in, but I would assume that would only be on new applications. If it were physically possible to get more MR points, I would, trust me
I value Avios @ 2cpp even given the taxes. Obviously I would never fly on BA metal. The key with BA is short haul redemptions on partner airlines. Namely AA/US. You can fly LGA/JFK-MIA for 15k + $11 tax. Great deal. You can also fly YYZ-LGA/JFK for 9k + $65 tax. Also a great deal.
The main factor with the BA card is that there would be no impact to my credit score. So it is effectively buying 30k @ 0.55cpp. I agree that there are many cards out there that provide much better than that (i.e. Amex Gold 25k @ FREEcpp) however, you can't compare this to that as that requires a new inquiry/tradeline and this does not.
May 12, 2015, 6:29 pm
#1818
Join Date: May 2014
Location: YYZ
Posts: 527
May 12, 2015, 8:06 pm
#1819
Join Date: Dec 2014
Programs: CX, AF, UA
Posts: 214
May 12, 2015, 8:23 pm
#1820
Join Date: May 2014
Location: YYZ
Posts: 527
I was referring to "product switching", which RBC allows you to do. You must already have an existing RBC card, no additional pull is required for switching and it does not effect how it is reported to the CB.
May 12, 2015, 8:28 pm
#1821
Join Date: Dec 2014
Programs: CX, AF, UA
Posts: 214
Sounds great. Which other banks/cards allowing product switching with no pull?
May 13, 2015, 6:16 am
#1823
Join Date: Jan 2015
Location: YYZ
Programs: Aeroplan
Posts: 171
TD does not do a pull for product transfer (or didn't for me), when i switched from a normal visa to their aeroplan visa infinite (i think it helped that i was preapproved for the required credit limit increase that the card needed).
Last edited by abari; May 13, 2015 at 6:17 am Reason: to clarify that td didn't pull
May 13, 2015, 9:41 am
#1826
Join Date: Jan 2015
Location: YYZ
Programs: Aeroplan
Posts: 171
I thought it was standard for a credit pull when opening a chequing account with a new bank?
May 13, 2015, 9:43 am
#1827
Join Date: Dec 2014
Programs: CX, AF, UA
Posts: 214
May 13, 2015, 9:54 am
#1828
Join Date: Dec 2014
Programs: CX, AF, UA
Posts: 214
Watch it when you sign the papers you tick the box you do not want credit pulled and do not want any credit products (having a cheque immediately available upon deposit is considered a credit product believe it or not).
Bankers think it is good to hard pull you on account opening, and don't mention it is hidden deep in their T&C.
If you want to make 100% sure, don't give your social insurance number. Yes, they can open an account without your number ... you're just limited in your movements during the first month.
Legally they can not force you to accept the hard pull, but they can refuse you to open an account.
Just argue your way and point them to the bad consequences of their action, you're just opening to park money kind of thing (and do it) and don't need credit products. The after opening, ask for the credit card, or wait 6-9 months parking a steady amount every month to get a pre-approval. Usually works.
May 13, 2015, 11:14 am
#1829
Join Date: Jan 2015
Location: YYZ
Programs: Aeroplan
Posts: 171
No, unless you request a credit product, or want cheques deposited into the account immediately available during the first month of account opening instead of waiting 7 days, banks have no reason to do a pull other then hitting your score.
Watch it when you sign the papers you tick the box you do not want credit pulled and do not want any credit products (having a cheque immediately available upon deposit is considered a credit product believe it or not).
Bankers think it is good to hard pull you on account opening, and don't mention it is hidden deep in their T&C.
If you want to make 100% sure, don't give your social insurance number. Yes, they can open an account without your number ... you're just limited in your movements during the first month.
Legally they can not force you to accept the hard pull, but they can refuse you to open an account.
Just argue your way and point them to the bad consequences of their action, you're just opening to park money kind of thing (and do it) and don't need credit products. The after opening, ask for the credit card, or wait 6-9 months parking a steady amount every month to get a pre-approval. Usually works.
Watch it when you sign the papers you tick the box you do not want credit pulled and do not want any credit products (having a cheque immediately available upon deposit is considered a credit product believe it or not).
Bankers think it is good to hard pull you on account opening, and don't mention it is hidden deep in their T&C.
If you want to make 100% sure, don't give your social insurance number. Yes, they can open an account without your number ... you're just limited in your movements during the first month.
Legally they can not force you to accept the hard pull, but they can refuse you to open an account.
Just argue your way and point them to the bad consequences of their action, you're just opening to park money kind of thing (and do it) and don't need credit products. The after opening, ask for the credit card, or wait 6-9 months parking a steady amount every month to get a pre-approval. Usually works.