Noted.
I've revised my post. Thank you.

https://cimg3.ibsrv.net/gimg/www.fly...836c98a573.png
Brim Financial cashback MasterCard
4% cashback on PAP (pre-approved payments)


Some folks at RFD are getting excited about Brim Financial's cashback MasterCard.
https://brimfinancial.com

The World Elite card features:
2% cashback
4% cashback on PAP (pre-approved payments)... it's written as 2% cash back with a 2X multiplier
$120 annual fee
Reward earning, for some reason, caps out at $25,000 - $30,000 of spend per year.

Example:
Say you've got $1,000 in pre-approved payments per month / $12,000 per year
• On a card where you earn 2%, value of points is $240 per year.
• On the Brim Financial World Elite card, you earn 4%, so $480 per year. Annual fee is $120 per year. Net $360 per year. So at that level of spend, you're netting 3%.

(Brim also has a $0 fee card, that pays 1% cashback, or 2% on PAP (pre-approved payments).)


I'd say the World Elite card makes a lot of sense only if you (or your company) makes between $800 to $2,500 per month of pre-approved payments, and then it makes a lot of sense.

You'd have to have a lot of money in pre-approved payments to make this work. I have nowhere near $800 a month in pre-approved payments, so this one is a dud.

Sigh....we need more travel cards..........

You need $500/month to break even (assuming you have a 2% card).

I know three people with RBC Rewards cards.

One hasn't been able to make use of her points.
One uses his points to buy gift cards. (Ouch.)
And myself, I signed up for the card just to get the signup bonus, and I haven't found a great redemption for the points, and I'll need to do that before the annual fee comes up.

So I think there are a lot of people not making great use of their RBC Rewards points.
This offer might be good for those folks who should just extract some value from their RBC points and be done with it.


https://cimg8.ibsrv.net/gimg/www.fly...62c26595d4.png


https://www.rbcrewards.com/#!/domore

"Special limited time offer – convert your RBC Rewards points between February 1 and February 28, 2018 and receive 15% more in bonus WestJet dollars.†
Promotional bonus WestJet dollars expire one year from date of issue.

All eligible RBC Royal Bank® cardholders and other clients that earn RBC Rewards®points have the option of converting their points** into WestJet dollars‡ which can be applied like cash towards WestJet marketed and operated flights and WestJet Vacations‡ packages, at any time, for travel to any of WestJet's destinations in North America, Mexico, Hawaii and the Caribbean - even during seat sales!

Looks like one other benefit of Brim is the absence of Forex fees. :)

Their disclosure statement says they don't charge a fee.

https://brimfinancial.com/legal/

transfering to Asia Miles Avios and AAdvantage isn't enough for people?

For the vast majority of Canadians, those are all relatively useless.

Mine went to AAdvantage pre-devaluation and Avios post devaluation. I consider them to be secondary accounts

enjoy westjet dollars then lol. maybe even sunwing and air transat can jump on this boat

Who are these guys?

I need a Chase card replacement and it's gonna be either this or Rogers Bank. Rogers Bank seems a bit more established. Brim's website has a lot of things "coming soon" and feels a bit fly by night for a financial lender..

PAP's? Who has a lot of those that are credit cardable. IE utilities. I guess you could pay monthly on car insurance but it's cheaper to do a single payment anyway.

My worry is the 2% Capone and MBNA are dead cards walking. THAT WOULD HURT!!!!!!!!!!!!

Yeah, I agree. PAP perks are a useless feature, IMO. I don't even have a large enough amount to break even with fees.

It's not looking good for my CapOne 2% Aspire Travel, and the MBNA Alaska seems to be hanging on by a thread, too. The only non-Amex cards I have that seem to have any value anymore are my RBC WestJet and Avion cards...

I wouldn't worry about that. In order to become a MasterCard acquirer, they had to prove that there is pretty much 0 chance they ever do bankruptcy (if they ever do, it's because there's a major financial crash that affects multiple financial institutions at the same time).

What pisses me off again ..... is that it's not available to Quebec residents. :mad: like all the good cards