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MBNA’s New Smart Cash World MasterCard

November 27, 2011

MBNA is offering a new card, the MBNA Smart Cash World MasterCard, with some great features.

It appears at the moment, it is only being offered to those having an MBNA credit card, and is offered for no extra fee.

The card offers, like the MBNA Smart Cash card, 5% cash back on qualifying net retail gas and grocery purchases for the first six months, and then three-percent cash back thereafter.

The holder also gets a 1% cash back on all other purchases.

 Some Additional Goodies

You can receive complimentary concierge services when you make travel, dinner or event arrangements.

Access to ‘exclusive’ MasterCard offers.

 

 

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PC Financial’s New MasterCard

November 13, 2011

President’s Choice Financial is offering a special MasterCard for some of its clients, but there is some controversy about it.

The new card offers 20 PC Points, instead of 10 PC Points, for every dollar spent at the various chains belonging to the Loblaws. The cards are being offered without the negative option billing, which is controversial.

The Toronto Star’s Columnist Ellen Roseman has an essay on this.

 More on Canadian government’s move against negative option billing.

 

 

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CAA’s New MasterCards

July 29, 2011

The Canadian Automobile Association (CAA) South Central Ontario division  is offering three types of MasterCards.

 

CAA Premium MasterCard.

Benefits:

  • It gives you 1.5% CAA dollars for every purchase.
  • Car rental, collision/damage waiver, flight delay and trip interruption protection.
  • Purchase Assurance & Extended Warranty. This covers you against theft, loss or damage of your purchases for up to 90 days after the transaction date, provided you use your CAA MasterCard to make the purchase. You are also covered against delayed baggage.
  • Common Carrier travel accident insurance.

Cost: $99.00 annually

 

CAA Low Rate MasterCard

Benefits

  • 0.5-percent CAA dollars with every purchase
  • Purchase Assurance and Extended Warranty
  • Common Carrier Travel Accident Insurance

Cost: $29.00 annually

 

CAA No Fee MasterCard

Benefits

  • 1.0-percent CAA dollars with every purchase
  • Car rental collision/damage waiver
  • Baggage delay
  • Purchasee Assurance and Extended.
  • Common Carrier Travel Accident Insurance

Cost: –

 

For more info, go to CAA’s MasterCard site.

And if you apply before Sep. 15, 2011, you will receive 50 bonus CAA dollars, if you make your purchase before Dec. 31, 2011.

That alone will cover your annual basic CAA membership.

One CAA $ equals 1 C$.

So, if you want to book a hotel room for C$ 100.00, you will need to spend about C$ 7,000.00 with a Premium MasterCard.

 

 

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Analysing Canadian Gas Station Cards

September 27, 2009

The price of gas (petrol) has gone up over the years, but there is nothing we can do about it. If there is at least a small degree of comfort, it is that with strategic use, you could get something back from the gas stations or companies, and this is in the form of the now-favourite points.

The series of essays will consider some of the benefits offered by the gas stations. We will only consider the status in Ontario, and also only the following four majors – Petro-Canada, Shell, Esso and Sunoco.

Obviously, there is one big question: which is the most beneficial card.

In Part 5, we try to get to that, even though it is no easy task.

First, this is NOT a scientific analysis; rather a very basic analysis with some simple and basic presumptions.

The Input Method

I tank about five times a month, each time about 40 litres.

I have also assumed that I pump only regular gas which, again I have assumed, to be a dollar a litre.

Calculation

Let’s say, I have tanked for 2000 dollars and want to know the rough monetary value of having used the various stations.

Petro Points: 10,000 Petro Points. According to their website, 10,000 Petro Points would earn a gas gift certificate to the value of $5.00.

Sunoco: 6000 Sunoco Performance Points. 20,000 Sunoco Points equals $20.00. Based on this, 6000 Points would equal $6.00

Esso: 2000 Esso Extra Points. 1800 Points equals $10.00. Therefore, 2000 Points would equal $11.11

Shell: 80 Air Miles. It is a little bit tough to calculate the value for this, but 175 Air Miles can get a $20.00 fuel certificate. Therefore, 80 Miles would have a value of just over $9.00

So, a rough translation of the value of the various cards would mean the following:

$2000.00 spent=$5.00 @ Petro Points, $ 6.00 @ Sunoco, $11.11 @ Esso and $9.14 @ Shell.

Again, I wish to stress this is a very simple calculation, and one might be able to get more out of the cards by being a strategist – for example, linking HBC to the various cards would bring more points. But that is for another day.

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