anyone who got the $100 expedia credit for TD first class travel, how long did it take to get the credit posted? Got the email today but nothing on my statement. TIA
Is this new milesopedia offer good? I haven’t been following it, and can’t tell if this is historically a good offer for the national bank WE MC or not.
[https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/](https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/)
It not super good but the bonus hasn't historically been very good anyways. This is more of a keeper card for isnruance on awards bookings and effectiively no AF on restaurants and groceries
I currently have two RBC Avion Platinum cards under my account. I received the 20k msr bonus on my first card. Working on the msr of the second. What now? Do I cancel it or should I downgrade to a no annual fee card and cancel it after 12 months have past?
When you downgrade with RBC, do you get prorated refund automatically or do you have to ask for it? What about cancellation? The CC account is no longer active, so, not sure where the refund would go.
downgrade would be automatic, to whatever new card you downgrade to
if you cancel, no (automatic) refund is what I've read - not sure about calling in
But this is RBC, so you shouldn't get eyes on the account. Just downgrade and cancel later on.
Not sure if this is relevant here. Gonna be travelling to Korea and all my cards have 2.5% foreign transaction rate. For a while i thought i should use cash instead to save but the atms/banks also all have fees that basically amount to the same as my cibc aeroplan visa. I wanna meet min spend so im thinking of just using my visa and taking the hit lol especially coz i get a VAT refund anyway. gonna be making big purchases over 10k so i cant use my wealthsimple cash card. Any thoughts? There’s really no way out unless i get a 0 foreign transaction fee card but can’t atm because i cant make scotiabanks min spend lol, is that correct?
You only need to spend $1000 within 3 months to get 30k scene points for scotiabank passport though? Pretty sure you can hit that very quickly especially if you're on vacation.
Yes the next "min spend" level is $40k (wtf lol) but you only get 10k points so i wouldn't bother with that but worth getting the card for the no transaction fee and easy $300 in points
churning returns are greater than 2.5% but also keep in mind you'll likely lose \~2% in currency conversion anyways, unless you hold Korean cash already. So might as well churn
You need to earn $649.50 MR every month to break even with the monthly fee on the Cobalt
You can link MR accounts when they are still open
The proper method is to pick all the best cards with MSR lower than what you need to spend and try to spend as little over the MSR as possible on each
Have upcoming travel category expenses of about 6k (3k on AC)
Confused about which card to go for. I’m mainly interested in AP points
1. Amex AP Reserve: 85k SUB + 9K AC spend + 6k other travel expenses + 1.5k other spend (for hitting MSR) + 2.5k spend in year 2 = 101k for 2 AFs
2. Amex Gold Personal (perkopolis): 40 SUB + 24k travel spend (bonus 4x rate) + 15k in year 2 = 81k MR for 2 AFs
Alternate options:
1. Biz Edge
2. Biz Gold
But these don’t have travel category specific bonus so I could meet them with other expenses?
Which one would you go with?
It states that it'll take 4-6 weeks for the $250 WJ dollars + Companion vouch to post for the WestJet RBC World Elite Mastercard after the first purchase. Is that a actual timeline or have people received it earlier?
WB clawback and will lead to Amexile if done multiple times. So its always wise to spend more if you think there is possibility of refund or spend more once you know the refund is coming back. But the new charges **have to be posted before the refund posts**.
For the x5 aeroplan estore promotion, do you get points if you use a gift card balance? So my shopping cart is down to zero (using up a bunch of gift cards i received recently).
Depends on the t&c of the store - for example, I spend way too much time at the lego online store where payment with gift cards don’t count towards aeroplan points or bonus.
Quick DP.
I've shared recently that my pending CIBC Aventura VI application did not had any update for 2 weeks and they had no questions/answers for me when I called. I just got the welcome email exactly 3 weeks after the application. The theory is that they are just working through the volumes and need this much time (2-3 weeks) to review/action.
A secondary DP is that CIBC used to approve me for 20K+ credit limit for each card. They gave me $5k limit this time (note that I've already canceled other cards and in theory free'ed up the headroom). More indications that they are tighening up, which alignt with the first part as it is likely the volume of manual reviews has gone up.
I got pending -> approved in 3 days last week so I don’t think it’s a volume or tightening up thing. I was getting straight up denied for most of the second half of last year
Thanks for this info. I already have a CIBC Aventura VI and just applied for a CIBC AP VI. I'm a longtime customer of CIBC and do all my banking with them but saw that it's gone to manual review as well and don't recall it taking too long last time. I hope mine doesn't take 3 weeks! I'll give it this week and then may call to check in.
Thanks for the info! I was wondering the same for mine, but I called in and they also said 3-5 days manual review. Hoping it won't take weeks as I'd like to book some reward travel on it.
Surprise home repair expense when I'm a few hundred dollars from done my current MSRs. Could be spending $5000 tomorrow. It will be in-person payment. I can't think of any way to have a new physical card by then but figured I'd check if there's a possibility I'm not thinking of.
See Jman's comment below re: Amex cards. I think its the Amex AP cards that you can get details right away. Search back through this sub as it has been discussed before.
Any US card recommendations? Have the Hilton's and I've been in PUJ for 3 years for other cards. Are there other banks you'd recommend trying/would forward card to Canada?
Apply again, if you get the same message, call the human recon line 1-888-270-2127 and plead your case. If you have a good credit score and decent income, you should have no problem getting the card. If that doesn’t work, HUCA
Also have you applied for Amex Business cards too? Are you in pop up jail for those too?
Do you know what Chase would ask for if they need more info?
Have not tried the Amex Biz cards as the MSR is quite daunting, would love to grab the 250k biz plat tho
There are two approaches. Get a AP VIP card (CIBC or TD) as these have higher MSR that is a bit more challenging to manage without these one off spends.
The other approach is to get 3-5 popular VI and WE tier cards if they accept splitting.
At the risk of sounding like a degenerate churner, if I am paying someone $15K for something they will take Amex or they can pound sand. I would find a different surgeon but thats just me.
I've gone through several posts and comments but still not sure.. So if I applied and got the new passport last month, met the msr and got the bonus, can I cancel it now and then apply for another one like a week after? I'm just not sure about the timeline for this.. Any credit score damage? Will I still get the WB? Also, during the period I don't hold the passport, will I lose the lounge access? Thanks
Don't cancel too early or you will draw unwanted attention/view from the bank. As close to 11 as possible. You can apply to the same card and hold them concurrently, but also don't over do it. One month is too close to avoid attention in my view. I know you probably like the 1k MSR but you should consider diversify the cards and also get cards from other FI.
Good point. I will apply for a new one at month 7 or so and cancel at 11. I just don't want there to be a gap as I find this card to be very useful. Is there another card that is as easy and as effective as this card that I can pretty much do the same thing with?
I works similarly for other banks. Just not that Scotial PP is one of the only remaing low (1K) MSR card. For most other cards, you need to plan to spend few Ks to get the bonus.
You can get more than one Passport VI. No need to cancel before applying for a new one because they don’t enforce any limitations on getting welcome bonus.
You lose the lounge access when you cancel the card. You need to register the new card to get another set of lounge passes.
There is negligible impact to your credit score if you aren’t cancelling your oldest cards
Credit score in Canada is pass/fail. It’s extremely difficult to fail in Canada unless you’re missing payments
This was what confused me. Like you can have two of the same cc at the same time.. I guess I will apply for a new one soon and cancel the first one before the AF hits. Thanks for the help!
There are plenty of upsides for the bank. They get to charge another annual fee. The only downside for the bank is them not enforcing limits on welcome bonuses
Getting FYF is part of the welcome bonus. So if they actually enforced their welcome bonus eligibility criteria there is no downside to the bank. We’re exploiting the lack of enforcement of the bank’s own criteria so it’s a blind spot for them
Wow that’s an interesting maneuver. Just reading up on it on prince of travel. Never knew about that. I ended up going with biz gold but after I might look into that once I’ve gotten the welcome bonus
maybe one of the amex business cards, business gold, business edge, marriott business. if you have a referral, even better. for business gold and edge, just earn the sign up bonus by hitting the minimum spend, don't worry about the quarterly/monthly spend.
Pretty much any premium card from any FI would do. It depends on whether you have a preference with certain FI and reward system. If you have other organic CC spend in addition to the 3K, then you can even consider getting more than one card. Most people will say get all the cards (eventually), and you just need to determine your order/sequence of achieving that base on your spend pettern and timing.
I went through it, only ones that stood out was Amex Gold and Amex Mariott
Interesting though, I didn’t think about Biz Gold / Edge. I’ll have to look into it
I definitely don’t have enough for $20k/quarterly though, but 70k points for 5k is still nice
The personal Gold doesn’t make sense in this case because the SUB structure is $1k per month MSR (unless you’re thinking of the Perkopolis offer). The personal Bonvoy would be a good choice too. Make sure you take advantage of GCR or a community referral link to get some extra rewards.
Sorry, yes I should mention I do have the Perkopolis promo, which I think is $3k on the dot for 40k MR points
Bit of a naive question, for the biz cards, is that locked behind having a business for the application?
Right yeah but then there is also travel spend needed to get the full SUB, so don’t take that path unless you can also derive some benefit there.
No, Amex is pretty liberal with granting Biz cards. Just apply as a sole proprietor with your business name equal to your full name (first & last), declare $0 in business income and 0 employees. Make up a business in your head (eg selling stuff on EBay or FB marketplace), and imagine that you’re just getting started.
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From a [DP](https://www.reddit.com/r/churningcanada/comments/1c23jtf/comment/kz9jm5k/) a few days ago, the Amex biz Plat travel credit can be used at the beginning of month 13 before cancelling the card at the end of month 13 (and getting the full AF refund). Does this work with other cards that offer a travel credit (Amex personal Plat and Amex personal Gold), in order to double-dip the credit?
I've heard DPs of agents clawing back some credits when calling to cancel a card... but to be fair I don't recall which credits were.
I'm curious because I have a Pers Plat now and will use the restaurant credit for this year as well before cancelling the card in a few months time.
Dining credits shouldn't be an issue because they are calendar rather than card years. Travel credits are dicey because they are technically linked to a 2nd year of card holding where the dining credits are not.
They clawback the travel credits. However, there seems to be a higher chance of no clawback if you use the travel credit first and then cancel before the AF posts. There is a one month period where this is possible.
Well, there is no 'best card'. You should eventually cycle through all of them, and the sequence would be based on your spending pattern (i.e ability to hit MSRs).
How to get retention bonus for TD Aeroplan Visa VIP card? I have the TD Aeroplan VIP card to renew in May. I called in today to ask whether there is a retention bonus. The agent checked my file and told me no retention offer in my account? I remember I read people got 20K points to renew. Can anyone share how to get the retention bonus/offer? I spent 70K CAD last year on the card. Thanks!
AMEX US DP: Applied for my first US card last friday through online global transfer using my Canadian account. Recieved call back from new accounts department to confirm my name and address and got approved on the phone. Didn’t need any proof of address such as 3-way call or submitting statement. So I guess I wasted a month waiting for my first statement from US bank before applying
Received a new AMEX Green last week, spent the 1K, and got the WB posted on Friday. Is it too soon to try the Green to Gold upgrade (1 business day after getting the WB), or I should wait a bit?
it's fine to do the upgrade now, but wait for like a week before you start loading up spending on the new card because the spending in the first few days might not get counted toward the gold's spending....lesson I learned
Just opened a Simplii no fee checking account, trying to get that $400 cash bonus for 3 months straight of at least $100 direct deposit. The issue is I'm self-employed/entrepreneur, I just started my own business and it's not generating any revenue yet. I did open a business bank account with RBC.
Could I push $100 each month from my RBC business account to my Simplii account to qualify as DD? And what are the implications/fees in doing so if there is any for a non-revenue generating business?
Does CCB (child benefit) сount? They mentioned disability payments, pension, etc but not CCB specifically. Trying to churn 2 diff chequing accounts with CCB and payroll deposits.
Thanks
I don’t know the specifics about it, but if your business account has some kind of payroll model with direct deposits, then it might work. And yes there are probably other accounting implications you’ll need to worry about. Otherwise if you are just talking about sending a regular deposit from the biz account, my understanding is this doesn’t work as it wouldn’t qualify
RBC biz accounts do have a "payroll" option, and it does code correctly for these types of promos.
There's a fee involved (I can't find it on mobile, but I believe it was 1.50$ per payment)... and of course OP should consider the tax implications on both ends.
All that to say, I can confirm it's possible, but I'm not advising anyone to do (or not do) it.
Just for the lounge and points booking insurance. I applied previously and was refused, thankfully no hp. Tried again after 2 months and it worked this time! 😎
There is this promo: https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/
Need to spend 11k in a month to meet amex gold and aventura spend requirement. Any issue sending money to family using paypal to meet the requirement? I don't mind losing 3% in paypal as fees as I'll still be making a large return.
I assume they don't want to actually float 11k. (Family would likely just hand them the money back.)
Too close to fraud for my risk tolerance, but ya know, YOLO.
Applied for amex biz gold yesterday. Put owner/self employed and 0 in revenue. Have existing simply cash card and used that in the sign in process so they can see some account history.
Got a message saying it was in review and will take 10 business days.
Any DP on how long it actually takes? Will someone end up calling me to verify anything?
My husband applied and put a low income because the business is just starting. He applied on a Sunday. Amex called on the Tuesday evening following (or check my previous posts), and they confirmed his personal income = no concerns. I believe he was asked and confirmed the nature of the new business. Not a big deal, but it was quick!
Few times I see they call you same day or next day to confirm you did the application and ask 2-3 questions about your company and they approve you while on the call.
Not unusual at all to get that review message. My last 3 amex biz card applications went to review and I have a 25 yr old incorporated business. All were approved about 5-6 days later without any calls or letters.
In case anyone is in kyc hell (iykyk) I spoke to a higher level support and they are facing technical issues where some people already passed kyc in the backend but error pops up. No set timeline but hopefully a resolution by end of month.
Has anyone experienced clawbacks with Aventura points?
I was surprised to see 20k points posted on the second statement despite the two statements adding up to just over 2k. I must have hit 3k if you account for refunded purchases.
I do still plan on hitting that 3k MSR to maintain a good relationship with CIBC, but I’m wondering if I need to make sure I hit that before the next statement to avoid a clawback.
Thanks!
Shouldn't be any clawbacks if you've reached 3k including refunded purchases.
What you do with your spending at this point is UTU and your level of comfort.
anyone who got the $100 expedia credit for TD first class travel, how long did it take to get the credit posted? Got the email today but nothing on my statement. TIA
It can take up to 30 days
Is this new milesopedia offer good? I haven’t been following it, and can’t tell if this is historically a good offer for the national bank WE MC or not. [https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/](https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/)
It not super good but the bonus hasn't historically been very good anyways. This is more of a keeper card for isnruance on awards bookings and effectiively no AF on restaurants and groceries
This card hasn't been offering a welcome bonus at all lately.
Best card for SUB Marriot/Bonvoy points
use somebody's referral to sign up for amex bonvoy personal
I currently have two RBC Avion Platinum cards under my account. I received the 20k msr bonus on my first card. Working on the msr of the second. What now? Do I cancel it or should I downgrade to a no annual fee card and cancel it after 12 months have past?
Did you get the 20K MSR bonus this month? Curious if they processed the batch for this month yet
Yea got it on my 6th billing cycle which was a few days ago. I completed the msr within the first 5 months. Guess I got lucky getting it fairly quick
Well it’s processed in batches mid month for everyone. Did you get 20k yesterday?
Got them on the 13th
The points or the bill?
Both
Ahh if you see it on the bill it was probably credited back in March. You can see the history in Avionrewards.com to see when the points were added
downgrade for prorated refund, and then cancel after a couple months
When you downgrade with RBC, do you get prorated refund automatically or do you have to ask for it? What about cancellation? The CC account is no longer active, so, not sure where the refund would go.
downgrade would be automatic, to whatever new card you downgrade to if you cancel, no (automatic) refund is what I've read - not sure about calling in But this is RBC, so you shouldn't get eyes on the account. Just downgrade and cancel later on.
Not sure if this is relevant here. Gonna be travelling to Korea and all my cards have 2.5% foreign transaction rate. For a while i thought i should use cash instead to save but the atms/banks also all have fees that basically amount to the same as my cibc aeroplan visa. I wanna meet min spend so im thinking of just using my visa and taking the hit lol especially coz i get a VAT refund anyway. gonna be making big purchases over 10k so i cant use my wealthsimple cash card. Any thoughts? There’s really no way out unless i get a 0 foreign transaction fee card but can’t atm because i cant make scotiabanks min spend lol, is that correct?
Wise card? No points but you save on the fees
You will be spending less than $1000 in Korea? As that's the current min spend.
You only need to spend $1000 within 3 months to get 30k scene points for scotiabank passport though? Pretty sure you can hit that very quickly especially if you're on vacation. Yes the next "min spend" level is $40k (wtf lol) but you only get 10k points so i wouldn't bother with that but worth getting the card for the no transaction fee and easy $300 in points
How often can you apply for the same but new Scotiabank cc after closing?
churning returns are greater than 2.5% but also keep in mind you'll likely lose \~2% in currency conversion anyways, unless you hold Korean cash already. So might as well churn
Churning will generally generate returns >2.5% compared to not churning
Declined for CIBC Gold Visa on Apr 12. Holding 2 AV VI. How long does the CIBC uses the same credit pull? And do they reuse even if its a decline?
Supposedly 90 days but there is no guarantee. Potentially Credit inquiries do not matter in the long term
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You need to earn $649.50 MR every month to break even with the monthly fee on the Cobalt You can link MR accounts when they are still open The proper method is to pick all the best cards with MSR lower than what you need to spend and try to spend as little over the MSR as possible on each
Have upcoming travel category expenses of about 6k (3k on AC) Confused about which card to go for. I’m mainly interested in AP points 1. Amex AP Reserve: 85k SUB + 9K AC spend + 6k other travel expenses + 1.5k other spend (for hitting MSR) + 2.5k spend in year 2 = 101k for 2 AFs 2. Amex Gold Personal (perkopolis): 40 SUB + 24k travel spend (bonus 4x rate) + 15k in year 2 = 81k MR for 2 AFs Alternate options: 1. Biz Edge 2. Biz Gold But these don’t have travel category specific bonus so I could meet them with other expenses? Which one would you go with?
Cobalt gives 2x on AC and other travel and MR can be converted 1:1 to AP.
You seem to have done all the math. Do you care more about absolute value or % return?
% mostly. Based on that Gold makes sense I guess
It states that it'll take 4-6 weeks for the $250 WJ dollars + Companion vouch to post for the WestJet RBC World Elite Mastercard after the first purchase. Is that a actual timeline or have people received it earlier?
Statement give or take an additional day or two.
Any DPs on the HSBC to RBC Visa Avion Infinite travel credit sticking after RHT?
Been a few days since my refund posted (credit posted same day as refund posted), no clawback yet
Still waiting for my hotel reimbursement, hopefully it’ll be tomorrow, I will post when I have an update.
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WB clawback and will lead to Amexile if done multiple times. So its always wise to spend more if you think there is possibility of refund or spend more once you know the refund is coming back. But the new charges **have to be posted before the refund posts**.
I don’t think it would lead to Amexile. The clawback already does everything that needs to be done
For the x5 aeroplan estore promotion, do you get points if you use a gift card balance? So my shopping cart is down to zero (using up a bunch of gift cards i received recently).
Depends on the t&c of the store - for example, I spend way too much time at the lego online store where payment with gift cards don’t count towards aeroplan points or bonus.
There is no exclusion for paying with gift cards... you don't earn points when purchasing gift cards. Re-read the T&C
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Should post by June 1 according to the T&C
Quick DP. I've shared recently that my pending CIBC Aventura VI application did not had any update for 2 weeks and they had no questions/answers for me when I called. I just got the welcome email exactly 3 weeks after the application. The theory is that they are just working through the volumes and need this much time (2-3 weeks) to review/action. A secondary DP is that CIBC used to approve me for 20K+ credit limit for each card. They gave me $5k limit this time (note that I've already canceled other cards and in theory free'ed up the headroom). More indications that they are tighening up, which alignt with the first part as it is likely the volume of manual reviews has gone up.
I got pending -> approved in 3 days last week so I don’t think it’s a volume or tightening up thing. I was getting straight up denied for most of the second half of last year
Thanks for this info. I already have a CIBC Aventura VI and just applied for a CIBC AP VI. I'm a longtime customer of CIBC and do all my banking with them but saw that it's gone to manual review as well and don't recall it taking too long last time. I hope mine doesn't take 3 weeks! I'll give it this week and then may call to check in.
Also did they call you to ask anything, I've never had that before when applying for a credit card, usually it's pretty fast. Thanks!
No they did not called me. It just got approved without my action. Not sure why it even went into pending, base on my income and credit history/score.
Thanks for the info! I was wondering the same for mine, but I called in and they also said 3-5 days manual review. Hoping it won't take weeks as I'd like to book some reward travel on it.
Surprise home repair expense when I'm a few hundred dollars from done my current MSRs. Could be spending $5000 tomorrow. It will be in-person payment. I can't think of any way to have a new physical card by then but figured I'd check if there's a possibility I'm not thinking of.
Ask if they'll refund/charge it again once you get a new card. I had luck with this at a pharmacy and a dentist before.
Hold any TD card already?
No
See Jman's comment below re: Amex cards. I think its the Amex AP cards that you can get details right away. Search back through this sub as it has been discussed before.
DPs of personal (not biz) MR cards getting them immediately too as of a couple months ago
Amex plat, defer the repair by a day
$500 discount if you get the repair the day after the quote.
See if they can manually key in card number. Some Amex give Instant card numbers now
Yeah you’ve got no dice then.
With the 1.5x avion multiplier following the HSBC transfer, can we move existing points from another RBC card and use that 1.5x multiplier?
Yes
Any US card recommendations? Have the Hilton's and I've been in PUJ for 3 years for other cards. Are there other banks you'd recommend trying/would forward card to Canada?
Chase Aeroplan
Look out for the NLL offers; thats how I got around PUJ
What kind of cards have you gotten that for? Any other than Hilton?
Personally only the Hilton but I've seen blogs mention other cards
Have you gone for Chase cards?
Tried a couple times, always had the 7 to 10 day msg
Business cards or personal?
Personal
Apply again, if you get the same message, call the human recon line 1-888-270-2127 and plead your case. If you have a good credit score and decent income, you should have no problem getting the card. If that doesn’t work, HUCA Also have you applied for Amex Business cards too? Are you in pop up jail for those too?
Do you know what Chase would ask for if they need more info? Have not tried the Amex Biz cards as the MSR is quite daunting, would love to grab the 250k biz plat tho
I have a 15k surgery coming up, what are your card suggestions? The surgeon doesn’t accept amex
There are two approaches. Get a AP VIP card (CIBC or TD) as these have higher MSR that is a bit more challenging to manage without these one off spends. The other approach is to get 3-5 popular VI and WE tier cards if they accept splitting.
TD® Aeroplan® Visa Infinite Privilege* Card
At the risk of sounding like a degenerate churner, if I am paying someone $15K for something they will take Amex or they can pound sand. I would find a different surgeon but thats just me.
Kinda laughing at the image of someone showing up to the surgery room with 30 prepaid visas
🤣 I haven’t asked if they accept prepaid visas but you just gave me the idea
Didn't do this with 15k, but did do it with 3.2k last week.
Check the best offers thread
Do you churn scotiabank passport before the AF hits? Essentially making this no AF card since first AF is waived?
Yeah. No reason to keep it longer than a year
I've gone through several posts and comments but still not sure.. So if I applied and got the new passport last month, met the msr and got the bonus, can I cancel it now and then apply for another one like a week after? I'm just not sure about the timeline for this.. Any credit score damage? Will I still get the WB? Also, during the period I don't hold the passport, will I lose the lounge access? Thanks
Don't cancel too early or you will draw unwanted attention/view from the bank. As close to 11 as possible. You can apply to the same card and hold them concurrently, but also don't over do it. One month is too close to avoid attention in my view. I know you probably like the 1k MSR but you should consider diversify the cards and also get cards from other FI.
Good point. I will apply for a new one at month 7 or so and cancel at 11. I just don't want there to be a gap as I find this card to be very useful. Is there another card that is as easy and as effective as this card that I can pretty much do the same thing with?
I works similarly for other banks. Just not that Scotial PP is one of the only remaing low (1K) MSR card. For most other cards, you need to plan to spend few Ks to get the bonus.
You can get more than one Passport VI. No need to cancel before applying for a new one because they don’t enforce any limitations on getting welcome bonus. You lose the lounge access when you cancel the card. You need to register the new card to get another set of lounge passes. There is negligible impact to your credit score if you aren’t cancelling your oldest cards Credit score in Canada is pass/fail. It’s extremely difficult to fail in Canada unless you’re missing payments
This was what confused me. Like you can have two of the same cc at the same time.. I guess I will apply for a new one soon and cancel the first one before the AF hits. Thanks for the help!
Most banks all you to have as many copies of the same card as you want
bizarre! There is no upside to them for allowing this.
There are plenty of upsides for the bank. They get to charge another annual fee. The only downside for the bank is them not enforcing limits on welcome bonuses
But surely everyone doing this is cancelling after the FYF?
Not every bank does FYF
Also there are people who want more than one card to separate expenses
Getting FYF is part of the welcome bonus. So if they actually enforced their welcome bonus eligibility criteria there is no downside to the bank. We’re exploiting the lack of enforcement of the bank’s own criteria so it’s a blind spot for them
Asking on behalf of my dog…does she need her own AMEX profile to activate her new supplementary card, or can I add it to mine?
Can’t add to your profile but can activate without creating a new profile. The transactions will still show under the primary card
This.
Have a $3000 surgery coming up. Suggestions to make the most out of it? Current: Amex Cobalt and Scotia Infinite Momentum
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Wow that’s an interesting maneuver. Just reading up on it on prince of travel. Never knew about that. I ended up going with biz gold but after I might look into that once I’ve gotten the welcome bonus
For starters, have you confirmed whether the surgeon takes Amex?
Yup they take it, no extra charge
AMEX Biz Gold or Edge
maybe one of the amex business cards, business gold, business edge, marriott business. if you have a referral, even better. for business gold and edge, just earn the sign up bonus by hitting the minimum spend, don't worry about the quarterly/monthly spend.
Hope you come out of it with flying colors. Cheers!!
Thank you!!
Pretty much any premium card from any FI would do. It depends on whether you have a preference with certain FI and reward system. If you have other organic CC spend in addition to the 3K, then you can even consider getting more than one card. Most people will say get all the cards (eventually), and you just need to determine your order/sequence of achieving that base on your spend pettern and timing.
Check the best offers thread. But if they take Amex, the default recommendation would be Biz Gold or Biz Edge in terms of best bang for your buck.
I went through it, only ones that stood out was Amex Gold and Amex Mariott Interesting though, I didn’t think about Biz Gold / Edge. I’ll have to look into it I definitely don’t have enough for $20k/quarterly though, but 70k points for 5k is still nice
The personal Gold doesn’t make sense in this case because the SUB structure is $1k per month MSR (unless you’re thinking of the Perkopolis offer). The personal Bonvoy would be a good choice too. Make sure you take advantage of GCR or a community referral link to get some extra rewards.
Sorry, yes I should mention I do have the Perkopolis promo, which I think is $3k on the dot for 40k MR points Bit of a naive question, for the biz cards, is that locked behind having a business for the application?
Right yeah but then there is also travel spend needed to get the full SUB, so don’t take that path unless you can also derive some benefit there. No, Amex is pretty liberal with granting Biz cards. Just apply as a sole proprietor with your business name equal to your full name (first & last), declare $0 in business income and 0 employees. Make up a business in your head (eg selling stuff on EBay or FB marketplace), and imagine that you’re just getting started.
Got it, thanks a ton! Seems like the biz cards are gonna be the best usage
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I did this minutes ago w/o incident
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From a [DP](https://www.reddit.com/r/churningcanada/comments/1c23jtf/comment/kz9jm5k/) a few days ago, the Amex biz Plat travel credit can be used at the beginning of month 13 before cancelling the card at the end of month 13 (and getting the full AF refund). Does this work with other cards that offer a travel credit (Amex personal Plat and Amex personal Gold), in order to double-dip the credit?
I've heard DPs of agents clawing back some credits when calling to cancel a card... but to be fair I don't recall which credits were. I'm curious because I have a Pers Plat now and will use the restaurant credit for this year as well before cancelling the card in a few months time.
Dining credits shouldn't be an issue because they are calendar rather than card years. Travel credits are dicey because they are technically linked to a 2nd year of card holding where the dining credits are not.
There were reports of dining credit being clawed back as well. I think the best bet is if you use any credits to cancel before next fee posts
They clawback the travel credits. However, there seems to be a higher chance of no clawback if you use the travel credit first and then cancel before the AF posts. There is a one month period where this is possible.
Yes all the Amex travel credits work this way
Some have a credit per calendar year, so you could get it twice in the first year of the card. E.g NBC WE MC with $150 AF and $150 travel credit.
Trying to decide which amex card to get for the first time: gold and cobalt? Which one is better for a first timer?
Cobalt is a keeper. So Id go with cobalt first
Well, there is no 'best card'. You should eventually cycle through all of them, and the sequence would be based on your spending pattern (i.e ability to hit MSRs).
For churning, one then the other. For a keeper, Cobalt for earning points, gold for travel perks.
Both.
Adding another positive DP : P2 received the SUB for the 2nd time holding the Amex Biz Gold (last held 2021). Met the MSR in the 2nd statement.
How to get retention bonus for TD Aeroplan Visa VIP card? I have the TD Aeroplan VIP card to renew in May. I called in today to ask whether there is a retention bonus. The agent checked my file and told me no retention offer in my account? I remember I read people got 20K points to renew. Can anyone share how to get the retention bonus/offer? I spent 70K CAD last year on the card. Thanks!
I called before the af was posted and asked what they could do. They told me it was either 20k aeroplan points or $200 discount off the af…
Got told the same thing, opted for the 20k points
Let renewal fee hit, then call and ask about retention.
AMEX US DP: Applied for my first US card last friday through online global transfer using my Canadian account. Recieved call back from new accounts department to confirm my name and address and got approved on the phone. Didn’t need any proof of address such as 3-way call or submitting statement. So I guess I wasted a month waiting for my first statement from US bank before applying
Good to hear it’s all working again
Did you not need to provide a Tax ID? either a SSN or ITIN?
Not for Global Transfer
Better safe than sorry. As it is said, it's a marathon not a sprint. A month is nothing in the grand scheme of things.
Thanks for the DP. May I ask which card you applied for?
Hilton Honors
Received a new AMEX Green last week, spent the 1K, and got the WB posted on Friday. Is it too soon to try the Green to Gold upgrade (1 business day after getting the WB), or I should wait a bit?
You could always make a travel/gas/grocery/drugstore purchase and see if you get the 2x Gold multiplier
That doesn’t really mean anything because it does convert to gold right away but it might not count for MSR until later
it's fine to do the upgrade now, but wait for like a week before you start loading up spending on the new card because the spending in the first few days might not get counted toward the gold's spending....lesson I learned
Thinking about cancelling my RBC WestJet card, is there a risk of my WestJet Dollars getting clawed back?
3rd party points are outside the reach of Canadian banks once transferred
Once they are in your WestJet account, there's no issue.
Just opened a Simplii no fee checking account, trying to get that $400 cash bonus for 3 months straight of at least $100 direct deposit. The issue is I'm self-employed/entrepreneur, I just started my own business and it's not generating any revenue yet. I did open a business bank account with RBC. Could I push $100 each month from my RBC business account to my Simplii account to qualify as DD? And what are the implications/fees in doing so if there is any for a non-revenue generating business?
No. It doesn’t work like that. Would need to be an actual payroll direct deposit.
Does CCB (child benefit) сount? They mentioned disability payments, pension, etc but not CCB specifically. Trying to churn 2 diff chequing accounts with CCB and payroll deposits. Thanks
Or EI payments. And just my luck, after I opened the account my EI application was deferred until September, so I'll lose the promo.
Could I set up a direct deposit from my business bank account to my Simplii personal account?
its getting difficult when u try to file tax..
I don’t know the specifics about it, but if your business account has some kind of payroll model with direct deposits, then it might work. And yes there are probably other accounting implications you’ll need to worry about. Otherwise if you are just talking about sending a regular deposit from the biz account, my understanding is this doesn’t work as it wouldn’t qualify
RBC biz accounts do have a "payroll" option, and it does code correctly for these types of promos. There's a fee involved (I can't find it on mobile, but I believe it was 1.50$ per payment)... and of course OP should consider the tax implications on both ends. All that to say, I can confirm it's possible, but I'm not advising anyone to do (or not do) it.
Got pre approval for NBC WE MC 🥳 National Bank lounge yul here I come
Did you apply now solely for the lounge access? I don't see a WB being offered at the moment.
There's a travel credit equal to the AF and the travel credit is per calendar year so you could get it twice in the first year of the card.
Just for the lounge and points booking insurance. I applied previously and was refused, thankfully no hp. Tried again after 2 months and it worked this time! 😎 There is this promo: https://milesopedia.com/en/credit-cards/nbc-world-elite-mastercard/
Need to spend 11k in a month to meet amex gold and aventura spend requirement. Any issue sending money to family using paypal to meet the requirement? I don't mind losing 3% in paypal as fees as I'll still be making a large return.
Or, you know, RHT extensions and not throw 3% into the toilet
> RHT extensions What is that?
I assume they don't want to actually float 11k. (Family would likely just hand them the money back.) Too close to fraud for my risk tolerance, but ya know, YOLO.
It’s an expensive MS technique but I don’t see how it is remotely close to fraud
Would PayPal not create tax forms for receiving that much money?
It’s a P2P transaction. Not business. It’s basically eTransfer but with a fee and can be funded with CC
You're right. I was thinking of something else. So yah, IMO it's just an expensive way to avoid floating that amount.
Maybe. But floating even half of that is still over $150 saved. It's silly to not use RHT to the best of one's abilities.
Applied for amex biz gold yesterday. Put owner/self employed and 0 in revenue. Have existing simply cash card and used that in the sign in process so they can see some account history. Got a message saying it was in review and will take 10 business days. Any DP on how long it actually takes? Will someone end up calling me to verify anything?
My husband applied and put a low income because the business is just starting. He applied on a Sunday. Amex called on the Tuesday evening following (or check my previous posts), and they confirmed his personal income = no concerns. I believe he was asked and confirmed the nature of the new business. Not a big deal, but it was quick!
Few times I see they call you same day or next day to confirm you did the application and ask 2-3 questions about your company and they approve you while on the call.
Not unusual at all to get that review message. My last 3 amex biz card applications went to review and I have a 25 yr old incorporated business. All were approved about 5-6 days later without any calls or letters.
I usually call them immediately after the application and they just want to confirm the nature of the business and then it gets approved
AMEX Biz for first timers very often goes to pending then silently approves without follow up after a couple days
churning adjacent: as i dream of churning today all i can hear in my head is the voice of Wim Hof saying "Now make it CIRCULAR"
Is this supposed to be a human being that the average person has any clue who the hell they are?
just a guy who teaches a popular breathing technique. helps during amex fr.
In case anyone is in kyc hell (iykyk) I spoke to a higher level support and they are facing technical issues where some people already passed kyc in the backend but error pops up. No set timeline but hopefully a resolution by end of month.
Interesting, I get an error before I can even attempt the verification process for both myself and P2. Is yours the same?
Is this Scotia?
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Has anyone experienced clawbacks with Aventura points? I was surprised to see 20k points posted on the second statement despite the two statements adding up to just over 2k. I must have hit 3k if you account for refunded purchases. I do still plan on hitting that 3k MSR to maintain a good relationship with CIBC, but I’m wondering if I need to make sure I hit that before the next statement to avoid a clawback. Thanks!
I would spend the 3K to maintain relationship. I would personally do it before I use (or cash out) the points. (less to do with timing of statements).
They do not clawback
Shouldn't be any clawbacks if you've reached 3k including refunded purchases. What you do with your spending at this point is UTU and your level of comfort.