My Credit Cards and How / Where I use them. How about yours? | Page 2 | Credit card reward programs | Discussion forum

I agree.

For your info......BMO is free.
https://newsroom.bmo.com/2017-03-01-BMO-Introduces-Free-Unlimited-Interac-e-Transfer-Transactions-for-All-Everyday-Bank-Plans

It seems that this topic is a very good subject promoting a lot of interests.

I have a question, is there any free (no fee) MasterCard can get more rebate for Costco purchase? Although Costco have a capital one master card in Canada, I don’t have a Costco membership in Canada, but I use my Costco card from US, but in US, it is Citibank visa for Costco member. Currently I use BMO cashback only 1% from Costco purchase.

Brimleychen said
It seems that this topic is a very good subject promoting a lot of interests.

I have a question, is there any free (no fee) MasterCard can get more rebate for Costco purchase? Although Costco have a capital one master card in Canada, I don’t have a Costco membership in Canada, but I use my Costco card from US, but in US, it is Citibank visa for Costco member. Currently I use BMO cashback only 1% from Costco purchase.  

See here further down.

https://creditcardgenius.ca/blog/costco-credit-card-canada/#costco-credit-card-canada

re: Sobey's. To avoid disappointment, remember that Sobey's operates almost like different companies in different parts of the country. When reading about any offer, you need to check that it is relevant in your province.
Anything I say pertains to Ontario.

The cents-off gas coupons are given out during most periods of the year; their value depends on the size of your grocery bill. They do have an expiry date, which is generous enough if you remember to use them. In my experience, they will not override the expiry date. We don't shop there very often but receive coupons from a family member who doesn't drive - and we certainly use them and don't find it difficult to remember.

Leave the gas coupons where you'll use them - in the car! I never bring them into the house. I tear them off in the store or in the car and keep them in an envelope there.
Some people are comfortable leaving their money on the table, kitchen or otherwise,but I'm not one of them, unless the effort:reward ratio is unacceptable - a personal decision.

Retep said
No doubt everyone has developed their own “best for them” program. Here is ours.

All other cards are no fee and cash back. I will never get a card from Home Depot, Costco or the like.

BMO Mastercard cash back. All day to day purchases.

Never use a debit card ever.....only at the ATM. And never use cash.
Rarely use cheques. NO Airmiles either!!!

No mortgage and no debt.  

About the same mindset here except for cash but the practice of using Mastercard for daily oppposed to debit is the better option of the two

Save2Retire@55 said

I have used the MBNA once for a coffee maker on the 2nd year (The coffee maker had only 1 year warranty).  

WOW again! That makes two people who have made good on their CC Extended Warranties! I'm impressed.

Our Breville toaster oven just died. It's about 3 or 4 years old, beyond any type of warranty. The old one lasted 25 years. Go figure!
Needs a new fuse, difficult to install and impossible to buy retail as far as we could see. Repair guy says $50, so we'll get him to do it. Worth it, I hope.
New Frigidaire fridge in August, took 3 weeks to arrive, and died in November. Repaired under mfr warranty. Total time without fridge was about six weeks - so far. Fortunately we have a second smaller one - about 40 years old, bought cheap used and dented 1989, runs great and has paid for itself several times over in emergency use.
I guess we're just lucky with new purchases.
The only time I ever used an extended warranty was also the only time I ever paid money for one, at The Source. Land line phone. It turned out to be worth it.

My conclusion is that, these days, you pay X dollars to buy something, but X + Y (where Y is insurance) if you want it to actually work for any period of time. Hence the new trend towards rentals. This is apparently the new marketing ploy. You will no longer own your stuff. Everything will be rented. It will cost more, of course, and you will pay forever. The quality will likely improve because they don't want to have to replace them, do house calls or deal with returns. Remember those old black Bell phones? They lasted literally forever. When you started buying them, the quality went down.

Sounds like Collabria has bugs, Oscar. You are probably better off without them for now. As a general rule, I think the major banks are better for credit cards. I'm happy so far with Rogers though, especially since they finally got their pre-authorized debit working.

The primary/secondary thing with CC insurance also applies to some of their other policies, such as car rental. Worth checking policies in detail and asking questions if you plan to rely on them. Be suspicious of answers that aren't clear.

Loonie said

wow! That's the first time I've ever heard of anyone getting satisfaction from an extended warranty on a credit card. Congratulations!
Was it difficult?  

The difficult part was to figure that nobody wants to deal with that specific smartphone after its original 1 year warranty.

AmEx extended warranty rep I contacted told me to get a repair estimate. I went to Staples where I bought smartphone, to find if they can refer me to authorized repair services for that smartphone. I left Staples with manufacturer's 1-800 number, that's all they can do for me manager at Staples said.

I emailed smartphone manufacturer support to ask for local authorized repair center I can contact. They told me to contact retailer I bought smartphone from.

So, that was dead end. I emailed AmEx warranty representative and explained situation: I can't provide repair estimate and here is why.

I have not received reply on my email to AmEx. I did not expect anything, but after one month of silence from AmEx I suddenly found an envelope in my mailbox with the check in it for the full price of smartphone.

Brimleychen said

Alexandre said
I use three credit cards.

TD Cashback Visa Infinite card - 3% on groceries, gas, recurring charges such as Rogers bill, car insurance, etc.
This is my only card with annual fee, but it offers roadside assistance, so I save on CAA.

You can ask TD to waive your fee if you have an all inclusive cheque account. If you maintain 5K in the account, the all inclusive cheuquing is free.

I did that, of course.

Yet, with rising interest rates, $5000 balance I have to maintain can fetch $150 annually at 3% interest somewhere else.

TD Cashback Visa Infinite annual fee is $120. For me, 150 vs. 120 is not a big difference, but if rates for 1 year GIC go up to, say, 4%-5% - I might consider closing TD chequing account, park 5K at 1 year GIC, pay TD Visa annual fee and pocket the $100 difference.

One more thing, may be of interest for those who shop at Wal-Mart.

I noticed that Wal-Mart Supercentre (with grocery aisle) I shop at is categorized as "grocery" on my CC bill. Even if I buy just socks and shirts, still billed as "grocery."

Which means, a credit card with 3% or 2% cashback specifically on groceries could get you same cashback on all purchases at Wal-Mart Supercentre.
There is more than one credit card, some without annual fee, offering grocery shoppers 2%-3% cashback.

For someone who is shopping just for non-food items at Wal-Mart, that is nice perk.

I don't know if it is limited by Wal-Mart I shop at, or those at specific region, or it is Canada-wide - I suggest you check yourself how yours is categorized if you are interested.

Also, some cashback credit cards (CT, I am looking at you) specifically exclude Wal-Mart from "grocery" cashbacks. Perhaps, they figured something.
Check your CC cashback rules for that.