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)
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
#4081
Join Date: Dec 2011
Location: West
Posts: 3,357
If you have better cards to spend on or if 2000 is too much for 3 months then you did the right thing. I figure that a value of $175 can be had for spending the required amount if I will be paying for goods anyways. That is not a bad return.
#4082
Join Date: Jul 2014
Location: YYZ
Programs: Aeroplan, SPG Gold, FPC Plat
Posts: 42
Thanks, just to confirm, after the 10-15 days did they approve your application or are you still waiting?
#4083
Original Poster
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
It's another 20,000 points for the first $1000 in spend.
It's a further 20,000 points for the second $1000 in spend.
I value 20,000 BW points at close to $80. Certainly they're worth $60.
So for every $1,000 in spend, that's $60 in value.
That's a 6% to 8% return on your spend.
So, yes, everyone should do what's right for them, and don't spend outside your means. But I can't find a return better than 6% on any other card (unless I'm doing other churns, too ).
#4084
Join Date: Dec 2011
Location: West
Posts: 3,357
The offer provides 20,000 points to sign up.
It's another 20,000 points for the first $1000 in spend.
It's a further 20,000 points for the second $1000 in spend.
I value 20,000 BW points at close to $80. Certainly they're worth $60.
So for every $1,000 in spend, that's $60 in value.
That's a 6% to 8% return on your spend.
So, yes, everyone should do what's right for them, and don't spend outside your means. But I can't find a return better than 6% on any other card (unless I'm doing other churns, too ).
It's another 20,000 points for the first $1000 in spend.
It's a further 20,000 points for the second $1000 in spend.
I value 20,000 BW points at close to $80. Certainly they're worth $60.
So for every $1,000 in spend, that's $60 in value.
That's a 6% to 8% return on your spend.
So, yes, everyone should do what's right for them, and don't spend outside your means. But I can't find a return better than 6% on any other card (unless I'm doing other churns, too ).
#4085
Original Poster
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
Cardholders should opt for the existing 40,000 point offer if they don't plan to make a $2,000 spend in the first 90 days.
#4086
Join Date: Apr 2012
Programs: 25 million points to burn!
Posts: 1,522
Collective wisdom sought: With the BW card, if our churn team of 10 canceled our existing cards now (which we've had for close to 1 year), and then applied for the card before the end of August, any data points on whether MBNA would approve again so soon?
#4087
Join Date: Oct 2012
Programs: CX Gold/UA*G/HH Gold/Marriott Plt/SPG Gold/
Posts: 40
Just got a letter in the mail today stating the Chase has decided to close my Marriott Visa card effective immediately. I am a bit dumbfounded as I have had this card since 2012, paid the annual fee every year, never late, and never tried to churn it.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
#4088
Join Date: Apr 2016
Location: Ontario, Canada
Programs: Marriott Titanium
Posts: 154
Just got a letter in the mail today stating the Chase has decided to close my Marriott Visa card effective immediately. I am a bit dumbfounded as I have had this card since 2012, paid the annual fee every year, never late, and never tried to churn it.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
i will be interested to hear if this is happening to others!
#4090
Join Date: Oct 2012
Programs: CX Gold/UA*G/HH Gold/Marriott Plt/SPG Gold/
Posts: 40
The supervisor just reiterated it had nothing to do with my creditworthiness. He said he had been dealing with many of these calls lately. I wonder if this card is on its last legs and they are trying to thin the herd....
Either way I was very unimpressed that they cancelled this card by snail mail after the turned off the card with no notice. They wouldn't budge on the annual fee but told me I could complain to Marriott and Chase Executive Offices in Ottawa.
#4091
Join Date: Mar 2017
Posts: 73
IIRC the only MBNA card where you cannot have more than one is Alaska! So you don't even need to cancel. But, you should be fine if you're plan is to apply by end of promo.
#4092
Join Date: Sep 2012
Location: YVR
Posts: 1,847
^^^
Here's a rewards chart:
https://www.bestwestern.com/en_US/re...em-awards.html
60,000 BW points will get you:
3-4 room nights, or
US $250 in BW gift cards, or
around US $200 in Shell gas gift cards, or
(not as optimal...) 12000 Aeroplan points, or around C $200 in gift cards for Canadian retailers.
So definitely find a way to generate $2000 in spend.
Here's a rewards chart:
https://www.bestwestern.com/en_US/re...em-awards.html
60,000 BW points will get you:
3-4 room nights, or
US $250 in BW gift cards, or
around US $200 in Shell gas gift cards, or
(not as optimal...) 12000 Aeroplan points, or around C $200 in gift cards for Canadian retailers.
So definitely find a way to generate $2000 in spend.
I am going to hoard those points for another NYC trip. I did that a few years ago at Christmas time and got 2 nights with my points (and the rooms were ~$350 US a night - so close to $1000 Canadian). So these points can be VERY valuable!!! NYC, here I come!
#4093
Join Date: Sep 2012
Location: YVR
Posts: 1,847
Just got a letter in the mail today stating the Chase has decided to close my Marriott Visa card effective immediately. I am a bit dumbfounded as I have had this card since 2012, paid the annual fee every year, never late, and never tried to churn it.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
Called in and all they will tell me is that Chase has been reviewing accounts and has been deciding to close certain ones. He said it had nothing to do with creditworthiness or the way I have handled the account. All he could tell me is 'Chase has decided they no longer wish to do business with you on this account.' The bank wont reveal that information for business reasons. I was told that I can appeal to the Executive Offices but would likely receive a letter with no further explanation. They also will not refund the annual fee, even a pro-rated amount as it has been over 180 days since I paid the annual fee.
Has anyone else heard of anything like this happening? I don't use the card much for local everyday spend, but I travel regularly and charge several thousand of dollars to this card on my trips. Was going to use for week stay at a Marriott in Thailand Maybe they didnt like to see the spending lulls and sudden spending sprees? Maybe they did make interest off of me? I have no clue!
Any insight anyone could offer would be much appreciated. I was told I could apply for the card again in 6 months (would be much easier to keep my 5 year old card open!) so I guess I am not blacklisted.
#4094
Join Date: Dec 2014
Location: Canada
Posts: 822
This is why I am waiting for 3 months to pass...before I reapply.
#4095
Join Date: Apr 2016
Location: Ontario, Canada
Programs: Marriott Titanium
Posts: 154
Anyone have that happen?
Last edited by Ontariotraveller; Jul 3, 2017 at 5:42 am