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I recently sat down and re-looked at all the reward credit cards on the market, so I thought I might as well share the information.  First, I did not take into consideration the bonus that’s offered for any card since that won’t last, nor did I try to calculate all of the double points and rewards process as it is just too hard to try to figure out what counts and doesn’t count, so I’ll go with the basic reward levels.  This way the cards are playing on a level field.  I compared a couple of different things – travel, which is why I get these cards and for those that have products I also compared an ipod.  The number listed is the percent of reward you get back per dollar spent on the card.  Each of the travel cards are compared based on same date and destination.  RBC is based on maximum benefit.  If any one out there is a RBC reward client and want to run actual numbers, please email me and I’ll give you the dates I used.

Card Flight from Vancouver to Toronto (Saved $466 – seat sale of one way $233 without taxes and fees) Flight from Canada to London(Saved $1372 – not a seat sale ticket) Flight from Vancouver to Hawaii(Saved $658 – traveling in February 2011) Ipod Touch (32 Gb and 8 Gb for Royal as 32 Gb is not an option) Cash/ gift card vouchers
CIBC Aerogold VISA INFINITE (what I have)

  • annual fee of $120, $50 for secondary card
  • 1 Aeroplan point (air Canada loyalty program) per $ spent
  • 1.5 Aeroplan for purchases at grocery, gas and drug stores

Travel Health Insurance 15 days

Rental Car Collision

Travel Cancellation

Travel Interruption

Best options redeem 25,000 miles equals $0.01864 reward per dollar spentOne Way 17,000 miles equals $0.01370 reward per dollar spentWorst case (when they don’t have seats at the lower end, the will provide seats with more miles redeemed) 77,000 miles equals $0.00579 reward per dollar spent 60,000 miles equals $0.022883 reward per dollar spent 80,000 miles equals $0.008225 reward per dollar spent 44,000 miles for 32 Gb equals $0.00747 reward per dollar spent30500 miles for 8 Gb equals $0.00718 reward per dollar spent Approx 6,000 miles to 7,500 for $50 gift card equals $0.0083 to $0.0066 reward per dollar spent
Scotia Momentum Card

  • $39 annual fee
  • $1 cash back for purchases and $2 cash back for purchases in grocery, gas, drug stores and recurring payments

Purchase protection and extended warranty

All equals $0.01 reward per dollar spent
Scotia Gold passport.

  • $110 annual fee
  • 1 reward pt per dollar spent

Travel Health Insurance 31 days

Rental Car Collision

Purchase protection and extended warranty

Travel Cancellation

Travel Interruption

$0.01reward per dollar spent 32 Gb 48900 points equals $0.0067 reward per dollar spent 12000 points for $100 cash for investment at Scotia equals $0.00833 reward per dollar spent
RBC Infinite Avion

  • $120 annual fee $50 additional card
  • 1 reward pt per dollar spent

Travel Health Insurance 15 days

Rental Car Collision

Purchase protection and extended warranty

Travel Cancellation

Travel Interruption

Maximum reward 35000 points for $750 of flight credit equals $0.0214 reward per dollar spentIn this case 35000 points equals $0.0133 reward per dollar spent Maximum reward 65000 points for $1300 of credit equals $0.02 reward per dollar spentIn this case will redeem 72200 points equals $0.0190 reward per dollar spent Maximum reward 45000 points for $900 flight credit equals $0.02 reward per dollar spentIn this case 45000 points equals $0.0144 reward per dollar spent 8 Gb for 30500 points equals $0.00718 reward per dollar spent 6000 pts for $50 equals $0.00833 reward per dollar spent


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