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Email this6:36 pm
April 20, 2019
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A new credit card is coming in Jan 2025. 2% across the board with fees waived for premium/generation clients or for people with direct deposits set up monthly.
No forex fee either,
The catch - have to pay balances via your WS cash account and the 2% cash back is paid to this account so unclear if this will be a taxable reward payment…. It’s also not a Mastercard so the visa exchange rates are slightly higher. There also does not appear to be any significant insurance coverage when using the card.
Exciting option though. Sounds better than the Rogers world elite card generally. I may switch away from the Rogers card. I don’t have any Rogers products.
9:12 pm
May 15, 2007
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I'm looking forward to this one!
10:30 pm
September 28, 2023
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I can see myself applying for this once they open the floodgates. It won't be a huge bonus for me because between my CapOne and Tang cards, I would estimate approx. ¾ of my spending is earning 1.5-2% already. But it would be a lot simpler to not have to think about which card to pull out at every checkstand.
One gotcha I can see is sometimes I take long vacays from work in excess of my paid days... there could be a handful of months where I would not meet the DD minimum and be dinged $10.
11:50 pm
August 4, 2010
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Unlike EQ, which wants specific direct deposit codes, I believe EFT transfers you "push" to your Cash account from other banks count for the $2000/month DD minimum, so you could likely "top up" or completely replace a payroll deposit.
4:05 pm
January 3, 2013
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@NorthernRaven - Is this accurate? Have you tested it? I'd be keen to do it if the case for the increase in the cash return.
And the card is awesome. Will cancel my Tangerine WE MC and Rogers WE MC for simplicty. I hope it will be available for QC.
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