Gold Credit Card Rewards to Customers
- Introduction to Credit Cards
- Credit Card Interest Rates Charges
- Credit Card Positive Benefits
- Credit Card Negative Results
- Credit Cards In Canada
- How to Select a Credit Card
- How to Select a Gold Credit Card
- How to Select a Platinum Credit Card
Gold Cards: Gold Reward Credit Cards in Canada
Many gold credit card issuers, provide membership rewards by giving the gold card holder points, airmiles or a monetary amount. This last benefit, a monetary amount, is usually known as cash back where a gold card issuer operates a cashback program. In a cash back program gold credit card holders typically receive between 0.5% and 2% of their net expenditure (purchases minus refunds) as an annual rebate. These rebates are either credited to the gold credit card account or paid to the card holder separately, for example by cheque.
Rewards based gold credit card products like cash back are more beneficial to consumers who pay their credit card statement off every month. Rewards based products generally have higher APRs. If you don't pay your balance in full every month the extra interest you would be paying will eclipse any rewards you earned.
Do not enter into the credit card rewards program lightly. The glamour of the reward program often lures those people who carry a balance on their gold credit cards each month which is not beneficial and does not pay off at the end of the year due to the higher interest rates
Canadian Standard Credit Card Selection Sheet
The information contained in this table is updated periodically by FCAC. Financial institutions can change the costs as well as the terms and conditions of their products at any time. Contact the financial institutions directly if you wish to obtain the latest information on their products.
| Issuer / Name of Card |
Reward Program1 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Travel | CashBack | Grocery | Merchandise | Vehicle | Donation | Health Product | Financial product | Details | |
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BMO Bank of Montreal
Gold AIR MILES MasterCard with Low Rate Option |
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Air Miles | |||||
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Capital One Bank
Guaranteed Low Rate MasterCard |
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Citizens Bank of Canada
Shared Interest Gold My VISA Reward Plus with Low Interest Rate Option |
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$1 = 1 point toward travel, merchandise, financial products and charitable donations. For each transaction, 10 cents is donated to a non-profit agency. | ||||
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Citizens Bank of Canada
Shared Interest Gold VISA with Low Interest Rate Option |
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For each transaction, 10 cents is donated to a non-profit agency | |||||||
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Coast Capital Savings
Coast VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
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Coast Capital Savings
Low Interest Rate Coast VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Coast Capital Savings
Low Interest Rate Coast VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
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Desjardins
Low Interest Rate VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Desjardins
Low Interest Rate VISA Desjardins Elegance Gold with 1% Bonusdollars |
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1% of purchases credited as BONUSDOLLARS | |||||
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Desjardins
Low Interest Rate VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
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Desjardins
VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
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HSBC Bank Canada
Low Rate HSBC Gold MasterCard |
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HSBC Bank Canada
Low Rate HSBC Gold MasterCard (with rewards) |
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Travel, merchandise, gift cards, cash back or personal finance | |||
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National Bank
Reduced rate OVATION Gold MasterCard |
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Points toward travel, merchandise or gift certificates at selected merchants | ||||
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Vancity Credit Union
EnviroGold VISA Low Interest Rate Option |
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Vancity Credit Union
EnviroGold VISA My VISA Rewards Plus with Low Interest Rate Option |
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$1 = 1 point toward travel, merchandise, financial products/services and charitable donations | ||||
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Westminster Savings Credit Union
Low Interest Rate VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Westminster Savings Credit Union
Low Interest Rate VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
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Westminster Savings Credit Union
VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
| Issuer / Name of Card |
Reward Program1 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Travel | CashBack | Grocery | Merchandise | Vehicle | Donation | Health Product | Financial product | Details | |
|
ATB Financial
Gold Cash Rewards MasterCard |
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Earn 1% cash back on all your purchases. Your cash rebate is credited to your account every January. | |||||||
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ATB Financial
Gold My Rewards MasterCard |
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Earn 10 reward points for every $1 in purchases on your card. Redeem your points for travel, merchandise and gift cards. | ||||||
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BMO Bank of Montreal
Gold AIR MILES MasterCard |
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Air Miles | |||||
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Capital One Bank
Guaranteed Cash Back MasterCard for Gas and Groceries |
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Capital One Bank
Guaranteed MasterCard |
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Capital One Bank
Guaranteed MasterCard for Newcomers |
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CIBC
Aerogold VISA Card |
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Aeroplan miles | |||||
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CIBC
Aventura Gold VISA Card |
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Points toward travel and lifestyle rewards | |||||
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CIBC
Gold VISA Card |
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Points toward travel and merchandise | ||||||
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Citibank Canada
Citi Gold MasterCard |
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Citizens Bank of Canada
Shared Interest Gold My VISA Rewards Plus Option |
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$1 = 1 point toward travel, merchandise, financial products and charitable donations. For each transaction, 10 cents is donated to a non-profit agency. | ||||
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Coast Capital Savings
Coast VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Coast Capital Savings
Coast VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
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Coast Capital Savings
Coast VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
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CUETS Financial
Gold CHOICE REWARDS MasterCard |
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2
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1 CHOICE REWARDS point for every $1 charged for retail purchases and initial balance transfer | ||||
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CUETS Financial
Gold MasterCard |
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CUETS Financial
Low Fee Gold CHOICE REWARDS MasterCard |
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2
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1 CHOICE REWARDS point for every $1 charged for retail purchases and initial balance transfer | ||||
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CUETS Financial
Low Fee Gold MasterCard |
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Desjardins
VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Desjardins
VISA Desjardins Elegance Gold with 1% Bonusdollars |
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1% of purchases credited as BONUSDOLLARS | |||||
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Desjardins
VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
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Desjardins
VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
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HSBC Bank Canada
HSBC Gold MasterCard |
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HSBC Bank Canada
HSBC Gold MasterCard (with rewards) |
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Travel, merchandise, gift cards, cash back or personal finances | |||
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JPMorgan Chase Bank NA
Chase MasterCard |
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Laurentian Bank
VISA Gold Passport |
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Points toward merchandise, travel or gift certificates at selected merchants | ||||
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MBNA Canada Bank
Gold MasterCard |
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National Bank3
OVATION Gold MasterCard |
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Points toward travel, merchandise or gift certificates at selected merchants | ||||
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RBC Royal Bank
RBC Rewards VISA Gold |
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Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations | |||
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RBC Royal Bank
VISA Gold Preferred |
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Points toward travel, merchandise, vehicles, gift certificates, RBC Financial™ rewards or charitable donations | |||
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Scotiabank
No-Fee ScotiaGold VISA Card |
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Scotiabank
ScotiaGold Passport VISA Card |
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Points toward travel, merchandise, gift certificates or bank vouchers | |||
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TD Canada Trust
TD Gold Elite VISA |
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1% cash back on purchases | |||||||
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TD Canada Trust
TD Gold Select VISA |
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Vancity Credit Union
EnviroExpenseGold My VISA Rewards Plus |
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$1 = 1 point toward travel, merchandise, financial products/services and charitable donations | ||||
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Vancity Credit Union
EnviroGold VISA My VISA Rewards Plus |
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$1 = 1 point toward travel, merchandise, financial products/services and charitable donations | ||||
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Westminster Savings Credit Union
VISA Desjardins Elegance Gold |
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0.5% of purchases credited as BONUSDOLLARS | |||||
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Westminster Savings Credit Union
VISA Desjardins Modulo Gold |
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1% of purchases credited as BONUSDOLLARS | |||||
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Westminster Savings Credit Union
VISA Desjardins Odyssey Gold |
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1% of domestic purchases and 2% of purchases made in other currencies credited as BONUSDOLLARS | |||||
This option is offered for an additional fee.
This option is included in the annual card fee.
1. This is not a complete list of all rewards and benefits offered by credit card issuers. For more details about other rewards and benefits that are offered for additional fees, check with the credit card issuer.
2. Points can be redeemed for car rentals.
3. National Bank also has an extensive list of affinity credit cards. For more information on affinity cards visit their web site.
