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)
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Jul 20, 2017, 8:18 am
#4186
Join Date: May 2014
Posts: 154
The $3500 maximum would cap the 6% cash back potential to $210. Doesn't really sound that appealing to me. The offer is good until Sep 5th. I'll wait a bit before I decide.
Jul 20, 2017, 8:28 am
#4187
Join Date: Dec 2011
Location: West
Posts: 3,357
Thanks. I do see the initial 20,000 points in the MBNA Rewards Earning Activity page, and it is tied to the first purchase that I made. I have now surpassed the first $1000, but there is no additional 20,000 tied to the spending that put me over. I did have a small refund, but it's still totaling up to more than $1000. Maybe I'll see the points when the first statement closes.
Jul 20, 2017, 10:37 am
#4188
Join Date: May 2014
Posts: 154
Transfer occurs after statement closes but earning is usually posted as spent or as target met. Call them about the bonus and see what they say. For me they usually say the bonuses might take upto 90 days. Don't know if its from card opening or meeting the expenditure.
Jul 20, 2017, 1:10 pm
#4189
Join Date: Sep 2012
Location: YVR
Posts: 1,847
Thank you. I did already see 20,000 Best Western points earned attached with my first purchase with the card, plus the small additional points I've been earning with regular spending. I was wondering if the next tiered 20,000 points for spending $1000 within 90 days would appear right away, or do I need to wait for the full 90 days. I suppose I can find out once I reach $1000 in spending, later this week.
Jul 20, 2017, 5:19 pm
#4190
Join Date: Mar 2017
Posts: 73
That is from the terms on this signup and if last year's 60k offer experience was any indication, it will take a long time to get the points. But YMMV!
Jul 20, 2017, 6:51 pm
#4191
Join Date: Feb 2005
Location: Toronto (YYZ)
Posts: 6,279
Yeap, the last time it took up to 5 billing cycles.
Jul 21, 2017, 7:02 pm
#4193
Original Poster
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
I need help to improve a credit score.
One of the people on my (small) team of churners needs to go get a car loan. But, I recently convinced her to apply for 3 cards (a gold Amex, a BW MBNA MC, and earlier an SPG Amex, in addition to 2 more traditional cards). She also holds a mortgage.
I can't find this info elsewhere for Canada.
• Is the interest rate for a future loan going to be higher because of this mini app-o-rama?
• Should she try to reduce her credit limit? Will it make a difference?
• Should she cancel older cards? Will it make a difference?
Any advice, or direction to a good resource, or PM's, gratefully accepted.
One of the people on my (small) team of churners needs to go get a car loan. But, I recently convinced her to apply for 3 cards (a gold Amex, a BW MBNA MC, and earlier an SPG Amex, in addition to 2 more traditional cards). She also holds a mortgage.
I can't find this info elsewhere for Canada.
• Is the interest rate for a future loan going to be higher because of this mini app-o-rama?
• Should she try to reduce her credit limit? Will it make a difference?
• Should she cancel older cards? Will it make a difference?
Any advice, or direction to a good resource, or PM's, gratefully accepted.
Jul 24, 2017, 7:35 am
#4195
Join Date: Feb 2005
Location: Toronto (YYZ)
Posts: 6,279
I need help to improve a credit score.
One of the people on my (small) team of churners needs to go get a car loan. But, I recently convinced her to apply for 3 cards (a gold Amex, a BW MBNA MC, and earlier an SPG Amex, in addition to 2 more traditional cards). She also holds a mortgage.
I can't find this info elsewhere for Canada.
• Is the interest rate for a future loan going to be higher because of this mini app-o-rama?
• Should she try to reduce her credit limit? Will it make a difference?
• Should she cancel older cards? Will it make a difference?
Any advice, or direction to a good resource, or PM's, gratefully accepted.
One of the people on my (small) team of churners needs to go get a car loan. But, I recently convinced her to apply for 3 cards (a gold Amex, a BW MBNA MC, and earlier an SPG Amex, in addition to 2 more traditional cards). She also holds a mortgage.
I can't find this info elsewhere for Canada.
• Is the interest rate for a future loan going to be higher because of this mini app-o-rama?
• Should she try to reduce her credit limit? Will it make a difference?
• Should she cancel older cards? Will it make a difference?
Any advice, or direction to a good resource, or PM's, gratefully accepted.
What is the age of each card?
I wouldn't lower the limit either because if anything it will show she is not maxing out her cards (I hope she is not) and wouldn't cancel anything just yet. You may get a lender who will say "you have too much credit" which at that point you can offer to close one or two accounts to appease their concern.
Jul 24, 2017, 9:26 am
#4196
Join Date: May 2014
Posts: 154
I got the 20,000 posted right after my first purchase, as witnessed at the MBNA Rewards site. Plus my first statement has cycled, and the points were transferred from MBNA to BestWestern.com by the NEXT day, so that's great.
But, I've now surpassed the first $1000, which should merit another 20,000, but unlike the initial 20,000, this middle-tier bonus has not appeared at MBNA Rewards site, so it's unlikely I'll get the points into BW.com after my 2nd statement closes. I expect the same after my second $1000 (total $2000) has been spent. It will probably not be awarded until at least the 3rd statement.
Jul 24, 2017, 9:28 am
#4197
Join Date: May 2014
Posts: 154
Someone mentioned that MBNA told him to wait 90 days before reapplying after cancelling. This was a recent posting, within the past month or so.
Jul 24, 2017, 9:35 am
#4198
Original Poster
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
The interest rate will be dictated by her credit score and all the new credit and hard pulls will not help in that dept.
What is the age of each card?
I wouldn't lower the limit either because if anything it will show she is not maxing out her cards (I hope she is not) and wouldn't cancel anything just yet. You may get a lender who will say "you have too much credit" which at that point you can offer to close one or two accounts to appease their concern.
What is the age of each card?
I wouldn't lower the limit either because if anything it will show she is not maxing out her cards (I hope she is not) and wouldn't cancel anything just yet. You may get a lender who will say "you have too much credit" which at that point you can offer to close one or two accounts to appease their concern.
She has two cards that are several years old, an SPG Amex from last year, and two cards in the last month. For the new cards, she'll make the spend required for the churn and then probably not a lot more.
Payment history has been solid.
Jul 24, 2017, 9:41 am
#4199
Join Date: Jun 2015
Posts: 77
Cancelling older cards would lower the average age which would lower the credit score, not increase it. It would also increase the ratio of debt to limit which could also be bad, unless you pay the cards off just before statement posts. The recent hard pulls you can really do nothing about except for waiting it out, I believe after 2 or 3 months it won't have much impact. Right now I'd just hold off and only cancel/lower credit limits if they request it.
Jul 24, 2017, 1:45 pm
#4200
Join Date: Nov 2012
Posts: 1,083